diff --git "a/reddit_finance_43_250k_443.txt" "b/reddit_finance_43_250k_443.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_443.txt" @@ -0,0 +1,10000 @@ + +This slowly got worse and worse - with some employees not getting anything for a whole week, and even then only getting partly paid. + +It's slowly come out from prying information from the CEO that there was an investment coming in, and instead of holding fire until it landed, the CEO stupidly decided on employing loads of people without any way of being able to sustain their paychecks - he went and hired \~10-15 people, bringing the size of the company from around 15 to 30. + +Then, the investment had been held up for money laundering checks, which apparently it had passed and the bank just wasn't letting it go.... at least that is what we have pieced together from various conversations with managers as the CEO is refusing to shed any light on the situation or have a backbone to apologise and explain what is happening! Even to a point, we are being told not to ask him about where our money is!!! + +Last month he asked for us to defer our pay, and so again I got 60% upfront, and then was told I would get the rest BY a specific date in the middle of the month. This day came and no money... I chased it and only the next day was I paid! (I half expected this date to be a "you will be paid BY this date"! + +He's also asked staff if they wanted to opt-out of their pension (which is illegal), as well as still taking pension payments and not paying it into the pension scheme for the last 3 months. (again, illegal) + +So this is a burner account, hoping they don't figure out who I am but I have already reported them to the pension regulator and found a new job to move to. + +Can I refuse to work if I don't get paid? If I do, could they let me go and not pay me for the month of September? + +Any help or insight into what I should and can do would be greatly appreciated +Contract is around 2.70/share or $277usd per contract. This is my first options bet, and I know enough to make some simple plays such as this basic put. While I obviously believe the market will fall, I'm considering this also a learning opportunity. Feel free to drop any advice you may have. Best of luck. +So if you haven't read it, published in 1996 it gave insight into what a typical American millionaire was; a seemingly ordinary Joe with a net worth of over a million dollars who was frugal and not flashy like you see on TV and most surprisingly was that almost 80% of all millionaires did not inherit their wealth. I enjoyed reading it 3 years ago as i was just learning to invest and save. + +But now I have very ill feelings about it. + +Its subjects were baby boomers and needless to say economic opportunities and housing was a completely different story back then. Then there is the "self made" part. The "didn't inherit part" doesn't include people who had parents well off with great careers and high income, so its a misleading not to factor in this into the "inheritance" part. I mean if you parents pay off your entire college, and have connections, you're on a fast track to become wealthy. + +It just irked me that factors like these are usually looked over (though this book was written in 1996), and I just want to remind people who are working hard not to fall into the "I should be a millionaire before age X" because it can lead to unrealistic expectations and false blame on yourself +Hey everyone, as the title says, I work for a wealth management firm that specializes in private wealth but we also do the backend office work for the majority of the banks in my country as well as facilitate transfers from our countries version of the IRS to retirement funds and banks. + +Recently we had a 'meeting' about blockchain, crypto and NFTs and holy shit the firm was really onto it all. We regularly hear the FUD about the environmental impacts of crypto against something like visa or how it can be used by criminals for illegal activity. My firm knocked them out of the park, they pointed out how those comparisons are BS because they dont account for the total carbon footprint of the traditional banking system. They actually went in depth to point out that lots of newer crypto currencies are using PoS over PoW which means we're using less energy and that a lot of the larger mining facilities are right next to energy production plants, typically green energy plants such as hydro. + + +They also mention that crypto is actually less commonly used for criminal activities than good ol FIAT. You know what else, they actually defended NFTs. They pointed out that they can be used for tickets, passports and more than just jpeg files of bored apes. + +Our company is actually intending on creating a subsidiary company based around blockchain wealth management. + +People you have just received a brief inside look into a foreign private wealth management companies view on cryptocurrency. When you hear on the news about governments being unsure about it or FUD just remember, the big boys dont give a crap and they're coming to make money and if crypto is where it is, thats where they are going. + +Oh and they said something about 2B people being unbanked or something and how crypto helps fix that which makes them bullish but whatever, who cares about TWO BILLION PEOPLE who stand to benefit from the expansion of crypto am I right lol. + + +\[EDIT 1\] More information around environmental concerns added. +Commons committee today recommended that fees for residential care are limited to £46,000, rather than allowing a person’s net worth to be depleted to £23,500. This is the same figure recommended in the 2011 Dilnot Commission report. + +What do you think of this? + +I would welcome the reform, I find it shocking that two people receive the same care yet one pays nothing and the other sees their entire life’s work eroded. Personally I think it will benefit those who would never have taken steps to protect assets anyway, but many other people will still be inclined to take measures to avoid paying the £46,000. + +Presumably this change would require the government to foot the bill and increase it’s social care budget, and this will be partly offset by increased IHT returns? + +Source: (paywall) + +[https://www.google.co.uk/amp/s/www.telegraph.co.uk/news/2020/10/22/care-home-costs-should-capped-46000-says-commons-committee/amp/](https://www.google.co.uk/amp/s/www.telegraph.co.uk/news/2020/10/22/care-home-costs-should-capped-46000-says-commons-committee/amp/) +I've been seeing a Hematologist and my doc is like 99% sure I have a rare form of bone marrow cancer, but I haven't been diagnosed yet - I'll have definitive answers in a few weeks. + +I could live anywhere from 2-20 years, possibly more with with this cancer, and I'm not sure how to go about life insurance. + +My financial situation - I work part time as a waiter while I'm in school. + +30k student loan debt +8k credit debt +1.5k monthly income. + +My family is quite poor and won't be able to cover any expenses if I die without taking on debt. + +Given I don't know how long I'll live, I don't want to wreck myself with a high monthly payment if it's going to be another 30 years. + +Am I correct in thinking I need to get this figured out before being officially diagnosed? Idk how deeply the medical questions and testing goes. + +Any input would be greatly appreciated. + + + +How it's supposed to sound: "I've done the calculations on future value and expected value, and 3 bitcoins should set me up an acceptable annuity to last me through retirement." + + +What it really means: "I need 3. One to sell when it reaches one million so I can be a millionaire, one to keep forever so I can always be a wholecoiner, and one to comfortably spend over the rest of my life." +GME GANGGGG!!! Most of you know I've been long GameStop since 2017, initially. I am an OG GME bull and yearn for our true value to be recognized by the market. RC Ventures sees it. Many others (Senvest, Michael Burry, Hedgeye, etc.) do as well. + +But Melvin Capital does not. They wish we would file for bankruptcy so they can just escape this trade. Alas, they didn't close when the price was $2.57. Greed will be their downfall. But, they are smart. They see the data and for that reason I must enlighten you all about what I am seeing in the data, too. Remember though, one quarter doesn't make or break this thesis. + +GameStop 4Q results will be weak, barring a spontaneous console creation event. Holiday results will be weak. The reality is while the future may be brighter than the wasteland the Melvin perceives for GME, the present isn't so great being at your core primarily a B&M retailer. It doesn't matter how in demand your products are if supply isn't there. I placed more notes in the image. + +The reality is the order rate had been excellent earlier in the quarter and had been tapering for some time, spiking when resupply events occurred. I had trimmed my estimates previously, but given the continued slowing of the order rate (\~62k/day to start January) and viewing some US CC data that reflects a slowing sales performance as the quarter went on, it is my duty to share my belief that the forthcoming Holiday results will not be that strong. As I noted in my last post, there was also embedded console resupply included in my January base case, I have removed that assumption, too. + +But let's not get too upset, fellow \*\*\*. While Melvin and its army of bankruptcy believers will spew forth vitriol claiming how weak sales prove nO oNe ShOpS aT gAmEsToP, the truth is they know what is coming from RC Ventures and will look to use any entrance of retail shorts into the trade as a means of supply purchasing their shares from to cover some. The price may retrace if this proves true, however the reality is RC Ventures has bought at $16, and will likely deem a price under the 50 day MA as an excellent buying opportunity especially if they clearly communicate to the market that the reason for the price appreciation is Ryan Cohen, not George Sherman. + +Look, it's a chess match, take the DD aside and think about it. Management reported 3Q and shares tanked. Ryan Cohen bought, and can be seen by observers as the primary catalyst for the upside move. Now, management will report Holiday Sales (and whatever else they have in mind at ICR \[I view a strategic partnership or a smallish technology oriented M&A play as my base case\]) and the price will likely dip next week. Do you believe Ryan Cohen won't take the opportunity to ramp his position up another 2% to 14.9% if the price dips below $15? He will file on Form 4 within two business days and show himself to be the savior, once again. I am speculating, but given the clear preference of WSB, Twitter, and StockTwits for #WeWantCohen its safe to say that retail is on his side. He will likely gather more votes under his own power and from those in alignment with his viewpoint. A forthcoming board slate would be publicized in early March. This is a war, always has been. + +Play tactically if you wish, or 💎 ✋. I would advise against FD buying (in almost all cases, but especially this time). Here's the model. + +I'd rather tell it like it is (as the data informs me) rather than put out BS. Hopefully I'm overly conservative. Call me \*\*\* if you must, but I'll own GME longer than 99% of you. Still have a price target of \~$100 by 2023. Cheers + +Here are the broader analyst estimates: [https://imgur.com/a/GYRKhUy](https://imgur.com/a/GYRKhUy) \- $2.417B consensus rev vs. mine $2.35B, $1.66 consensus EPS vs. $1.49. + +https://preview.redd.it/n2jufilwdm961.png?width=1636&format=png&auto=webp&s=456a0d0fcee285d12119416cb23e3a049b6f7777 +I've been working for about a decade now (patent agent) while my wife completed grad school (PhD). I've steadily increased my pay over the years and reached 140k this year, age 35. I've been maxing my 401k and two Roth IRAs for the past few years and mostly paying down student loan debt. My wife is graduating this year and entering the workforce. She is an agile networker and an accomplished scientist; she had been getting job offers through her network in the 60k/yr range, mostly with universities and nonprofits, mostly with good benefits. In summary, she is more qualified and better at the job hunt/employment game than I am (I just got lucky to land in a high paying job, I really have no skills, aptitude, or ambition, but I'm ok at faking it). + +Key data (projected at age 40): + +401k: $350k + +Roth IRAs: $100k + +Taxable brokerage: $150k + +Cash: $50k + +No real estate or other assets (we rent a cheap apartment, don't buy expensive things). We own a car that's paid for but it will be ready for replacement in 5 years. + +My wife would not mind if I didn't work. She would really like to be able to move every few years for a new job (she likes living in new places, it's her "thing"), and is totally fine with me sitting at home watching TV all day. I am also ok with this, since I am easily entertained and loathe every moment of my at work life with an absolute passion. Under my current "plan" we would only contribute up to the match for the 401k plus one IRA after I "retire", so probably around 10k/year. + +So what do you think? Can I retire early while my wife keeps working, and will we still be ok come age 65? +I'm here to say 20k per coin after a 69% drop is what my dreams were made of back then. It's hard to understand the true freedom BTC brings to the global population, I see posts all over Reddit and the media in general about the price drop and blah blah blah but they can't even remotely explain Blockchain or what the true value is and the freedom it will bring to the globe. + +Don't stress too much during these times, just stack those stats and relax +My only experience of house-buying was tagging along with my parents in the 90s aka before the internet. So I remember they would go into a few agencies and kind of ‘register’ - they’d tell them what they were looking for, budget, etc and the agency would call and tell them about new properties as they came up and try to get them into viewings. + +Now I’m looking, I’ve found a couple of properties via rightmove, but the agencies don’t seem interested. They arrange a viewing (both times directly with the vendor because the agents are too busy) and then afterwards no follow up, don’t ask what else I’m interested in or what my budget is. Obviously I can keep an eye out on rightmove myself but surely any company wants to get buyers to come straight to the source and not via a 3rd party? + +I don’t think I’m that bad a prospect, first time buyer who can stretch to a nice-ish semi detached. + +Or is it just not how they work anymore? I’m getting paranoid haha. +The New Failure to deliver data for the second half of FEB is hot off the press..... I'll let you guess what's still failing to deliver every day. GME has been failing to deliver every day for months now. + +This is a continuation from my other post. [Pt 1.](https://www.reddit.com/r/wallstreetbets/comments/ll68pc/the_sec_just_posted_the_new_numbers_for_failure/) I wrote a [pt 2](https://www.reddit.com/r/wallstreetbets/comments/lvf0uv/the_sec_just_posted_the_new_numbers_for_failure/) but the gay mods never approved it. + +Failure to deliver is how many shares were not accounted for at the end of the day. GME has been failing to deliver in some capacity for a lot of weeks now. This data is posted by the SEC Freedom of Information Act (FOIA). It is only posted every two weeks, for the previous two weeks. This is the most recent data that everyone has been waiting on. Why is this being allowed, why was this not brought up at the hearings? + +From the SEC regarding this data + +>"The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails." + +&#x200B; + +SEC FOIA Site: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm)File Hot Link: [https://www.sec.gov/files/data/fails-deliver-data/cnsfails202102b.zip](https://www.sec.gov/files/data/fails-deliver-data/cnsfails202102b.zip) + +&#x200B; + +# Most Recent GME Data + +&#x200B; + +https://preview.redd.it/i10wsa64w8n61.png?width=560&format=png&auto=webp&s=0828f8fdd800e2972d457bcfcfc031af855dfd71 + +# Historic GME Data + +https://preview.redd.it/ow447kgev8n61.png?width=693&format=png&auto=webp&s=4fc837b6f5b1f506adef64bec0bc25a61047f393 + +&#x200B; + +https://preview.redd.it/dm58mzihv8n61.png?width=581&format=png&auto=webp&s=96938c5594c82afcfa9d12727b846ffceb22b087 + +&#x200B; + +There are links to information about Failed to deliver.[https://www.sec.gov/rules/final/34-50103.htm](https://www.sec.gov/rules/final/34-50103.htm) + +Is GME considered a Threshold Security? ✅ + +>In order to be deemed a threshold security, and thus subject to the restrictions of Rule 203(b)(3), a security must exceed the specified fail level for a period of five consecutive settlement days. Similarly, in order to be removed from the list of threshold securities, a security must not exceed the specified level of fails for a period of five consecutive settlement days. + +Does the Firm have to close out the positions? ✅ + +>As adopted, Rule 203(b)(3) requires any participant of a registered clearing agency ("participant")[80](https://www.sec.gov/rules/final/34-50103.htm#P210_72014) to take action on all failures to deliver that exist in such securities ten days after the normal settlement date, *i.e.*, 13 consecutive settlement days.[81](https://www.sec.gov/rules/final/34-50103.htm#P211_72496)Specifically, the participant is required to close out the fail to deliver position by purchasing securities of like kind and quantity.Rule 203(b)(3) is intended to address potential abuses that may occur with large, extended fails to deliver.[89](https://www.sec.gov/rules/final/34-50103.htm#P221_79239) We believe that the five-day requirement will facilitate the identification of securities with extended fails. + +I have a super super small position in GME, like 3 shares and 3 800 calls. Because, yolo. I am NOT a financial advisor. Your decisions are your own and I am NOT recommending the purchase, sale, or anything else of any security. +I have to admit that I have not followed CS very closely, but I have heard about it being a problem for a very long time. Surely other banks have managed their exposure to CS by now? I have heard about liquidity issues for at least 5 or 6 years . . . +I've been going down a Michael Saylor rabbit hole these last couple of weeks as I've continued a DCA strategy into Bitcoin. + +I'd like to think that I've pretty much listened to the wide majority of podcasts, videos, and relevant Twitter stuff that people associate him with, including his new mantra that "Bitcoin is digital energy." + +Needless to say, I really enjoy and like listening to Saylor. So much so that I try to take concentrated pullbacks and stop myself from just nodding my head and agreeing with everything he says. Otherwise, I find myself falling into confirmation bias. + +What are the best legitimate criticisms of Michael Saylor that you know of? Stuff that would make you pause and perhaps rethink how optimistic he is or reframe him as what he is...just a guy? +The recent tweet by Ryan Cohen was taken in a GameStop in Montreal. So of course I entered the address of that specific GameStop and looked for things in the area that could possibly be something. The number one thing that I discovered is that I can't read French, but the second thing I discovered is that Ubisoft is there. Ubisoft has also been very pro NFT over the last year, this could mean absolutely nothing but either way I find it suspicious and honestly very bullish. Thank you for your time + +🍑💫🚀🍑💫🚀🍑💫🚀🍑💫🚀🍑💫🚀🍑💫🚀 +I've discovered this whole FI/RE thing about a year ago now. I'm on track with a plan now and I couldn't be happier that I undertook this early enough in life (I'm 25). This is the sort of thing that is all the more beneficial to one's life the earlier you discover it. + +So I can't help but wonder: What other big, life-changing ideas exist out there? Things that people should know when they're young in order to take maximal advantage of? + +This may not be the best subreddit to ask since I'm explicitly asking for ideas that are *not* this subreddit's focus, but I'm not sure where else to post it since I don't know what those other ideas would be. + +EDIT: Wow, there's a lot to explore out there. Thanks for the answers everyone! I hope this thread will serve as a way for others to expand their horizons as much as it likely will for me. +I know, I'm a strange bastard, but I like digging up old shit and reflecting on the journey thus far. It keeps me going. I look at how much progress I've made over the last ~5 years, and suddenly the goal seems like it might be attainable, even if I still have a long way to go. +I want to scream. I pay all my bills on time. Over half my income is rent, food, insurance and that's it. I need so much teeth work done and I can't begin to even afford the process.. + +A roof, car, food... no teeth. +I know it doesn't really matter which one I use, I'm calculating MACD using both EMA and SMA and they work similarly well. I'm mostly just curious why the TA people chose to make EMA instead of SMA the "standard." Does anyone know? +Hello everyone, + +I am posting this thread to ask for your thoughts and insights on my backtesting results and 95% confidence test. Do you have any suggestions on how I can further validate the strategy? + +I appreciate any feedback or insights you may have. Thank you in advance for your help. + + Start 2017-08-17 06:15:00 + End 2022-10-10 02:15:00 + Duration 1879 days 20:00:00 + Exposure Time [%] 14.769462 + Equity Final [$] 6153967031.557134 + Equity Peak [$] 6264482812.94983 + Return [%] 6053.967032 + Buy & Hold Return [%] 355.84656 + Return (Ann.) [%] 122.422083 + Volatility (Ann.) [%] 55.88524 + Sharpe Ratio 2.190598 + Sortino Ratio 9.658767 + Calmar Ratio 9.859649 + Max. Drawdown [%] -12.416475 + Avg. Drawdown [%] -1.299119 + Max. Drawdown Duration 156 days 06:45:00 + Avg. Drawdown Duration 2 days 09:32:00 + # Trades 1048 + Win Rate [%] 62.40458 + Best Trade [%] 8.805142 + Worst Trade [%] -8.047891 + Avg. Trade [%] 0.394256 + Max. Trade Duration 5 days 08:30:00 + Avg. Trade Duration 0 days 06:06:00 + Profit Factor 1.744172 + Expectancy [%] 0.409618 + SQN 4.903814 + +https://preview.redd.it/psfvq0pg1n7a1.png?width=1883&format=png&auto=webp&s=84ebda97826254c9077632f0776923d075519289 + +&#x200B; + +[x-axis =\> gain per trade \(percent\)](https://preview.redd.it/skf2fspp1n7a1.png?width=500&format=png&auto=webp&s=264355dc6d9a02b01da07b46e961a24a96dc4795) +How many of you have actually created an algo and stuck through it for 1 year +? + +It's been a few weeks for me, and I'm already often tempted to tamper with the parameters. + +While some models are better than others, I believe most trend following strategies can be profitable in trending markets, yet I bet most people fail to follow through. +I'm graduating soon with a BS mechanical engineering and am giving serious consideration to independent trading. I would appreciate it if anyone would be willing to share their success/ failure stories in your transition from STEM to finance. +To those of you who have developed their own customized automated trading system, how have you managed to backtest your strategies? Do you use web-based engines like Blueshift or QuantConnect, or do you have a way to do it in-house to your system? +I know it doesn't really matter which one I use, I'm calculating MACD using both EMA and SMA and they work similarly well. I'm mostly just curious why the TA people chose to make EMA instead of SMA the "standard." Does anyone know? + +I am a student trying to learn and test algo trading strategies. Any advice on whether I should choose to start with a TD Ameritrade API account or Alpaca account? Feel free to advise any other option. +I've often heard traders with more experience than myself say that they allocate more capital to their best performing strategies. On the face of it, this sounds obvious. But I've never been able to come up with a capital allocation strategy that improved my overall results (SR). +I've tried rolling t-stats & SR's etc, but nothing seems to make much impact. + +I'm interested if anybody has made this work in a quantifiable way. +What metric(s) did you use? mappings etc? +I have high W2 income ($50K/month) plus large bonuses and want to buy a rather expensive house ($4.4M). I have enough cash for 20% down payment, but Chase is saying they have a $3M limit in home loans - meaning I would have to put down $1.4M to get the loan down to $3M. + +Are there other banks or ways to get this larger loan? Ideas appreciated. Thanks. + My wife and I just found out a close family member passed away. We want to travel to be back with our family. One of us is high-risk for COVID, so we don't want to travel commercial. Luckily we are well-off financially and save for emergencies, so we are looking into chartering a private plane to minimize risk with COVID, hassle from driving (we are not looking to drive 26 hours in our current state), and ease of bringing our dog (as we may stay there a while). However, we've never chartered a plane before; we realize the cost will probably be \~$30k, which is okay. For those who are familiar, do you have any recommendations for services/websites and/or any tips/things to be aware of? +I guess my first mistake was believing any of you regards. + +You apes claimed RC wasn’t selling, just filing his forms. Then after he sold you said it was because he was going to acquire. + +Just yesterday you apes said the sale of BuyBuyBaby was going to send this to the moon because it would be the best possible outcome. + +Today I read posts about how the sale of BuyBuyBaby was “obviously” a stupid idea. They are literally diluting the share base and somehow you cope addicts think that’s good news for your positions. + +Every bag holder here just keeps making up new theories to support their delusion with this stock. + +Sincerely, + +Former bag holder. +I'll start with the usual: I am not a financial advisor. I do not provide financial advice! Everything following this is opinion/observation. Much of my knowledge of the markets has been acquired through reading countless hours of DD posted by others. + +OBLIGATORY - BuY & HoDl! + +Now that that is out of the way, I would like to reference a few authors and their inspired DD that helped get me to this point. The below have DD's that are a must read if you have not already; please visit their profiles and read their posts. I will attempt to summarize the main points briefly below. + +u/Criand: + +[1)]**The flurry of rules before the storm. GME might be hitting T+35 and T+21 next week** + +[2)]**Things are shockingly similar to the February 24th and March 10th runup** + +u/myplayprofile - I am highlighting just one of their posts, but it goes into linear correlation which is now shifting to logarithmic correlation between GME & AMC prices. AND he explains how there is the possibility that AMC is being used by hedgefucks to hedge their GME losses. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This post is focused on u/Criand's DD, which enlightened me and many others as to what the fuck has been going on with the 21 day / 31 day FTD cycles. + +Basically his DD over the last few weeks is the most accurate hypothesis that we have to date regarding the FTD cycles, and one of his most recent posts shows how this theory is now supported by the price action seen on May 25th and in the following days. + +Key Points: + +* He clarifies the confusion around why the standalone T+21 day FTD cycles, which have been shown to cause price surges, do not act the same way as they did during the $480 run and the $350 run. +* Explains how the Feb-March $350 run was caused by a dual event of T+35 & T+21 day FTD cycles occurring in close proximity to one another (back to back trading days) +* Notes that the Feb 24th initiation of the run up to $350 was exactly 10 days before we peaked at $350 +* He references u/yelyah2 DD, which shows how gamma neutral spikes on day 1 of the $480 and $350 price run ups, returns to normal for about a week, and then spikes up massively again, initiating the January and February Gamma Squeezes + +Below is my furtherment of u/Criand's work all in one concise graphic which feels oddly like a child to me right now. Not sure if that is just because I have not really written any DD's before. + +Please click the image to view it blown up and actually take in what is being laid out for you with my lovely computer crayons which I swear to god I don't eat... EVER. + +[Transparent boxes represent the initiation of the combined T+35 \/ T+21 day price movements + 6 days \(because it has only been 6 trading days since ](https://preview.redd.it/v8tmo6hdi5371.png?width=1287&format=png&auto=webp&s=9a7e70813852641f29b2e57d8fc64ea7f7b83f77) + +Notes: + +* I am not sure why I called the $480 and $350 price run ups in the visual "Micro Squeezes", but thats what came to mind. Perhaps gamma squeeze is more appropriate given u/yelyah2 recent DD? +* Yellow is micro squeeze 1 +* Blue is micro squeeze 2 +* Pink is the past 6 days + +Alright folks. I have talked a lot about other peoples work, and given you a graphic. Now comes my value add. + +Key observations: + +* Not only was it a 10 trading day ramp up from the February 24th initiation to $350 on March 10th, but it was also **EXACTLY 10 TRADING DAYS** between the January 13th initiation to the $480 peak on January 29th. My reason for calling this out specifically is that it strengthens the theory surrounding the combined T+35/T+21 day price movements, and helps us further establish that we could potentially go **PARABOLIC AGAIN 10 trading days from 5/25 on JUNE 9th.** Will they be able to stop us this time? Maybe it doesn't even matter if the do... See my next points +* In the aftermath of the January "micro squeeze" the Dec-Jan price floor of \~$20 **DOUBLED**, and the new price floor was set at \~$40 between Feb 5th - 25th. In the aftermath of the Feb 24th - Mar 10th "micro squeeze" the price floor of \~$40 **TRIPLED**, and the new price floor was set at \~$120 between Feb 5-25. Given that the price floor doubled and then tripled after these two events, **could we be expecting the new price floor of more than 3X $120?** (That would be a price floor of $360+ for those of you who needed help there) +* Edit to previous bullet: someone makes a fair point that "We can’t assume that since it doubled in January from $20 to $40 and tripled in March from $40 to $120 that therefore the next floor must be more than 3x $120. What if the rule in the sequence is +20->+80->+140? Or what if +20->+80->+20->+80?" I have included this just to explicitly state that my question **"could we be expecting the new price floor of more than 3X $120?"** by no means is intended to say the price floor WILL triple again. I feel like this is a good point to say that this is speculation and theorization based on observation and nothing more. +* The MACD line has literally only had significant crossovers (golden cross) 3 times this year. + * Event 1, Yellow ($480 run) + * Event 2, Blue ($350 run) + * Event 3, Pink (May 17th - today) + +Additionally, I have plotted trend lines for each of the events. + +* Event 1 (Yellow) we saw a 10 day increase of roughly 1,733% +* Event 2 (Blue) we saw a 10 day increase of roughly 770%. +* 770 / 1733 = 44% or a 56% reduction in 10 day price increase, although the price was starting from a floor of $40 instead of $20. +* 44% of 770% would be 338% starting from $120 which would mean a peak price of \~$405 in event 3, **IF** this short pattern continues exactly the same. +* THIS PATTERN WILL NOT CONTINUE EXACTLY THE SAME. +* I am only observing the trend of the current pattern. The sample size here is literally 2 events, albeit 2 very unlikely "coincidental" events. And I don't believe in coincidence. +* The pattern will break for many reasons, but the main reason is that hedge fund manipulation literally cannot continue forever. +* Once they get margin called its off to the races, and hopefully this event is the straw that quite literally breaks the camels back (Kenny G, you are the camel) + +Oh yeah... forgot about this one. LOOK AT THE VOLUME. ITS LITERALLY FUCKING INSANE. MEDIA IS PUSHING AMC, KOSS, ANYTHING OTHER THAN GME AND YET IT HAS RUN UP FROM $132 (April 13th) TO $290 WITHOUT A SINGLE TRADING DAY VOLUME GREATER THAN 21 MILLION. WE SAW VOLUMES OF MORE THAN 150 MILLION IN JANUARY! + +Alright guys. To summarize. We could be looking at going parabolic again on June 9th based on the pattern identified by the authors I mentioned above. The price action and technical signals are bullish as fuck. + +**This is not my original post** +Let me start with - This is fact mixed with opinion. I will list facts first... then opinions. SEPERATLY + +Facts: + +1. Another FTD day coming up is on 4/26 (Monday) + +[Credit to: u\/1mag1n3\_cgh ](https://preview.redd.it/f91y3fq82yu61.png?width=960&format=png&auto=webp&s=32e07b0c63f56931a30d4c0f679894a38d5688f5) + +2. Proxy record date was on 4/15. I spoke with Fidelity and they told me VOTING WILL START 1-2 WEEKS AFTER RECORD DATE. Thursday (4/22) is one week- that is why you are seeing some materials come out. We will be seeing most brokerages release these materials Monday-Thursday to the larger customer base. + +&#x200B; + +Edit\* + +3. just remembered- DTCC doing tests on monday 4/26 (stress test imo by wording) + + [To: (dtcc.com)](https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf) + +&#x200B; + +OPINION!: + +4.Nobody wants to admit it but dfv hinted as monday being a DAY OF IMPORTANCE..... NOT MOASS.. (Every day is MOASS UNTIL ITS NOT.) + +[Great song](https://preview.redd.it/6vq17yv83yu61.jpg?width=609&format=pjpg&auto=webp&s=08d4c7749dfc3e2c4aeebce1beab927d2438fcaa) + +cut down version of my writup-[https://www.reddit.com/r/Superstonk/comments/mw8isp/i\_figured\_out\_the\_dfv\_tweet\_everyone\_forgets/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mw8isp/i_figured_out_the_dfv_tweet_everyone_forgets/?utm_source=share&utm_medium=web2x&context=3) + +The song goes like so- + +Take your protein pills and put your helmet on + +Ground Control to Major Tom (Ten, nine, eight, seven, six) + +Commencing countdown, engines on (Five, four, three, two) + +Check ignition and may God's love be with you (Two, one, liftoff) + +This is Ground Control to Major Tom + +You've really made the grade + +And the papers want to know whose shirts you wear + +Now it's time to leave the capsule if you dare + +&#x200B; + +Now- The countdown alone sets us up on sunday.... day before ftd day. imagine someone telling you to get ready for the next day...... + +Count it with me bb- + +Take your protein pills - and make sure your short bus helmet is on.... + +I take this as the day he posted 4/15 aka get ready to strap on rocket + +10- 4/16......9- 4/17.....8- 4/18......7- 4/19......6- 4/20.....5-4/21......4- 4/22...... 3- 4/23.....2-4/24.....1-4/25 + +but fear thats sunday........ 4/26 LIFTOFF word that counts the most......... + +&#x200B; + +&#x200B; + +&#x200B; + +So I dont know about you but to me...... + +TLDR; Monday is saucy - Many things happening starting monday through thursday... not predicting moass.. jsut stating the obvious that nobody talking about!! + +&#x200B; + +🦍🦍🍌💎🙌🚀 +Maybe we can still report it and get paid? + +[https://robinhood.engineering/bug-bounty-790a2f1a3223](https://robinhood.engineering/bug-bounty-790a2f1a3223) +As many of you in the U.S know, cyber-attacks have been incredibly rampant. Normally, a regular person would have nothing to worry about when it comes to being hacked, however, after MOASS, every single person who has been a part of this is a target. I've been working in information security for a bit and by no means am I an expert, but hopefully, I can provide some insight that can prevent anyone from getting their spoils stolen. + +# Most Common Forms of Attacks + +[Verizon 2021 DBIR Summary \(worth a read\)](https://preview.redd.it/zf7wjoi16pd71.png?width=1966&format=png&auto=webp&s=ffb1ac0f0fdede26d6d0b5a27f7949a61716f66a) + +Verizon conducted a study in 2021 about the most common patterns of attacks in both breaches and incidents. You can see above that breaches are most common through social engineering. We don't need to focus on Denial of Service and Web Application attacks because those are centered on a corporation's information being withheld or finding some [zero-day](https://en.wikipedia.org/wiki/Zero-day_(computing)) Below are some helpful definitions: + +>**Incident vs. breach** +> +>We talk at length about incidents and breaches and we use the following definitions: +> +>**Incident:** A security event that compromises the integrity, confidentiality or availability of an information asset. +> +>**Breach:** An incident that results in the confirmed disclosure—not just potential exposure—of data to an unauthorized party. + +Now, these are reports for corporations and not for individual people. In my opinion that doesn't mean they aren't applicable. Let's focus on social engineering and practices to avoid being phished for your information. + +# Social Engineering/Phishing + +For those who work in corporate environments, you have most likely gone through phishing tests and campaigns that keep employees vigilant about suspicious communication. For those that do not know, phishing is : + +>**the practice of sending fraudulent communications that appear to come from a reputable source**. It is usually performed through email. + +Phishing is incredibly easy to do and common. We've all received spam emails and Nigerian Prince emails, but those are usually created by non-native English speakers with purchased email addresses from random websites you visit and mass-produced to shit. They have no credibility or effort which is why Google can scan for and identify some spam automatically. However, sophisticated and targeted phishing emails are incredibly well done and easy to fall for. These emails are created by people who understand what system a person is likely to use and will copy and paste a source code for their email and plant their own link to entice you to click it. + +I've had the pleasure of running a few phishing campaigns for my company and I can tell you what I would do if I were trying to make someone fall for my email and click my link. Remember, the goal of an attacker is to make you click a link that can grant them access to your system. Access can mean many things from malware that records keystrokes and websites visited and can piece together your password, to malware that holds your personal information for ransom or threatens to release private information. + +To bring some perspective, an attacker can browse this sub for a couple of minutes and understand that a majority of us are on Fidelity. They can then either sign up for emails themselves and copy a [source code](https://en.wikipedia.org/wiki/Source_code) or find one online. Below I'll show you how easy it is to find the code. For those that don't know, a source code, in this case, is essentially the coded version of the email that includes all formatting so when pasted, the email looks professional and official. + +[Through Gmail, you can click \\"Show Original\\" to open the code](https://preview.redd.it/hdcjqa608pd71.png?width=924&format=png&auto=webp&s=e82a8a01600b0b2c13705b34b4371d4e9964342c) + +[Now you have access to the source code](https://preview.redd.it/aeg5vwo38pd71.png?width=1366&format=png&auto=webp&s=eaccda0517434ef1ff7a3f688f32f60838b1aa8d) + +Now all I'd have to do is to paste the code, replace any links with the links that I want you to click and now I potentially have access when you fall for the email. It's a lot more complicated than this since you would need to write and implement usable malware but that's beyond my expertise and not important for this. All you need to know is to not fall for an email. + +# What to Look Out For + +So what should you look out for to not fall for these scams. Phishing emails that attempt to social engineer you will almost always have a sense of urgency in them. These can be emails from Fidelity saying there was an attempted log-in to your account prompting you to click their link to sign in or your local bank emailing to confirm you want to close your account. On paper, you may feel like you'd have to be a retard to fall for these, but I assure you are much more convincing when they've enticed some sort of emotion in you. + +Look out for: + +1. **sender address** \- if it is a well-created attack, then the sender's email may sound convincing. However, it is always safer to double-check and look up the address online, find any prior communication from that email, and compare it to any other results. If it feels fishy, then it's probably not legit. +2. **strong emotions** \- emails that have a sense of urgency or sound like they're offering you an amazing opportunity are usually phishing attempts. Preying on someone's fear that their account has been accessed or on someone's excitement that they were offered a black card membership from their bank is exactly the best way to get you to click on a link. +3. **awful timing** \- usually these emails get sent out at odd times and it can be an indicator. Although not full proof, it can be a sign that this is not a timely automated email from your trusted source. +4. there are more things to look out for. Here's an interesting article [https://www.phishing.org/10-ways-to-avoid-phishing-scams](https://www.phishing.org/10-ways-to-avoid-phishing-scams) + +Overall, all they have to do is get you to click on a link. So beware of anything that looks suspicious. If it looks off, then contact the source and find out for information from there. If you get an email saying your account has had suspicious activity, call customer service through the number provided on their website. Don't click any links that you cannot verify. + +I found this pretty interesting comparison of Google sign-in pages. One of them is the real google log-in, the other is a fake, and inputting your information to the fake one will send them straight to the attacker. + +[Dark mode kinda fucks with the image. The left is the phishing page, right is the real one. ](https://preview.redd.it/rv01rtbpapd71.png?width=923&format=png&auto=webp&s=8d9085808604ebfae91a6c1c88a469c38fa07e8f) + +# Multifactor Authentication + +For the love of God, turn on multifactor authentication. I know it's annoying to have to sign in on your phone and your computer but it is designed to be secure. No one brute force hacks for passwords anymore. It takes an impossible amount of time that isn't worth anyone's effort. But if someone can phish for your credentials, multifactor (MFA) can provide another layer of security. Fidelity has the option to enable this and it works well. I also recommend not letting your accounts remember your device which will force you to log in every time you check your account. As annoying as this is, just remember how easy of a target you will be post-MOASS. Corporations have infosec teams and massive budgets allocated towards security to prevent breaches and they still get hacked for upwards of 750 million. MOASS would give each and every member here a net worth of at least double that. Most individuals don't have formal training in security, are heavily swayed by emotions, and don't have a data loss prevention solution on their emails. + +&#x200B; + +[Graphics might help ape get wrinkles](https://preview.redd.it/5q1fkgpsfpd71.png?width=416&format=png&auto=webp&s=89bc33b347ff5706e2983dd2c85475b310eb6a60) + +MFA gives you a chance to prevent your information from falling into the wrong hands. If your broker does not support MFA (I'm looking at you Cashapp and your horrendous, god-awful, no password requiring bitchass) then transfer your account ASAP. If a company does not offer MFA then just imagine how many other security options they've skipped out on. The risk is never worth it. + +Another point I forgot to mention: if you randomly get an MFA ping, DO NOT APPROVE IT. If you did not initiate an MFA to occur, aka you did not attempt to sign in, then it is most likely someone else trying to do it. Never share an MFA code with anyone other than the intended recipient. Pretend your MFA code or approval is worth millions of dollars because it theoretically could be. Guard it with your life. + +# TL;DR + +Don't trust anything that you receive. Be suspicious of everything. Don't click [random](https://www.thetek.com/oops-clicked-on-a-phishing-email-what-should-you-do/) [links](https://www.youtube.com/watch?v=dQw4w9WgXcQ). Always contact the source of information. Turn on multifactor authentication. Don't give your information to anyone. Or just stuff your millions under your mattress and bury it like [Escobar](http://gph.is/1T2J7jf). + +**EDIT:** Bonus points if you find the Rickroll link and extra points if someone sends me Rick's banana video so I can make a fake link for someone to click on. This post has like 4 fake links that lead you somewhere else. All are safe +# The EDIT + +Thanks everyone for your thoughts, opinions, advice, and perspective. I really needed the reality check in some places and the words of comfort and reassurance in others. I clearly need to think about and discuss a lot of things before doing any thing. + +# The situation + +I need help making a decision. My family just moved from Colorado to the Raleigh, NC area. We sold our house in CO for a decent profit, and we're currently searching for a home to buy in NC. Our current housing situation is not ideal, but comfortable enough and technically indefinite and rent/mortgage free. + +However, given the insanity of the current housing market (especially in this area), I'm having very mixed emotions on our plan to buy a house and at what price. It seems that for what we want, we'll be hard-pressed to find anything less than $500k, and much more likely over $600k. + +Given that our last house was purchased at $280k, this is a hard pill for me to swallow. Our mortgage payment would likely close to double and having that much cash tied up in a non-liquid asset for a market that (to me) seems very unpredictable and possibly might crash or go down over the next few years. + +I'm stuck between deciding to + +* Keep looking for a house now +* Stay where we are and wait +* Look for rentals (and either stay there or buy later) + +We're planning on being here at *least* 5 years, but assuming we like where we end up, likely closer to 10-20. We've got a 2-year old, and hopefully another on the way. We're looking for somewhere to raise our kids. + +# The financial details + +**Relevant assets:** + +* $150k *available* for down payment, appraisal gap, and offering over asking price ($2k is being added to this every month) +* $10k set aside for closing costs, etc (conservative estimate) +* $5k set aside for post-purchase costs like appliances, furnishings, minor repairs, etc + +**Income:** + +* Current gross pay: \~$160k/yr, plus \~$7500 year-end variable "bonus". +* Current *budgetable* monthly net pay: \~$9000/mo + +I'm the sole earner; my wife is currently a full-time parent. I'm about to receive a promotion, but I don't know exactly what the pay bump will be. Eventually, my wife wants to re-enter the workforce, in a relatively lucrative field. Depending on the exact timing and nature of the hopeful-second-child, her starting to work in about 2 years is reasonable. We planned on having her entire salary go towards aggressively saving for retirement. Ideally, we wouldn't count on it at all for our regular budget. + +**Fixed expenses:** + +* $400-500/mo *estimated* utilities (unsure on some things because of the variability of electric and whatnot) +* $75/mo various monthly bills +* $365/mo for yearly (or greater) expenses +* $700/mo vehicle loan (\~$9k to pay off) +* $500/mo vehicle loan (\~$10k to pay off) +* $300/mo student loans (\~$23k to pay off) + +All three loans have fairly good interest rates. I'm not in a rush to pay them off except to free up monthly budget. + +**Savings/investments expenses:** + +* $400/mo to retirement savings (currently on pause to instead increase emergency fund from $10k to $20k) +* \~$100/mo to various "speculative" investments (individual stocks and cryptocurrencies) + +**Variable expenses:** + +Either: + +* $3750/mo for *actual* 12 month average (arguably being very lax/careless about spending in some cases) +* $3040/mo for *idealized* "what we should be spending" or "being a little more frugal than usual" + +# The financial summary + +All in all, not accounting for the mortgage/rent itself, **I'm looking at the following amount "available" in the monthly budget:** + +* \~$3000/mo *actual average* +* \~$3700/mo *idealized frugal* + +Our absolute max budget to purchase a house would be **$685k**. This keeps the principle amount under the cutoff for jumbo loans (which we're not really comfortable getting into) and, by my estimate, would put the mortgage payment at **\~$3000/mo** for a 20% down payment (including property tax and homeowners insurance). This would leave **$13k** of cash left over. That cash could be used to pay off the more expensive vehicle loan, freeing up room in the budget. + +On the flipside, if we decide to rent, we can take the cash we would use to buy a house to pay off all our debt and invest it. Eventually that could add to our retirement savings or be used to buy a house in the future. The paid-off debt would free up an additional $1500/mo to add to that capital. + +# The dilemma + +We've found a house that would be absolutely perfect for us and that we *may* actually have a shot at getting an offer accepted at $685k. But it really gives me pause dropping that much cash and maxing out our monthly budget. Especially because we need to act pretty soon. But we'd need to do almost no work to the house. + +I think what I'm really struggling with is losing the flexibility of having disposable income that unspoken for. Our previous mortgage was \~$1500/mo. It's nice not really having to think about how much groceries cost or being able to spend $1000 in one month to buy a 3D printer because it would be fun. Or my wife buying a $3000 motorcycle on whim because she's short and it was a tiny bike with a cool engine swap already done. Or buying everyone's dinner when we go out to eat because it feels good to do so. + +I don't want to count on future increases in income or the additional income of my wife to make this purchase work. However, I work in a very in-demand industry and have an in-demand skillset that pays pretty well. I'm generally not worried about being unable to find work. In the past, I have gotten let go, and found (my current) job within 2 months that came with a decent pay bump. But I would still like to insulate against gaps in income and give myself the freedom to choose. + +What would you do in this situation? +If you’re asking if you should buy now you’re not going to buy anyway. + +When price goes up you’ll say you should have bought the last time you asked and will ask again if you should buy now. You won’t. + +When it dips you’ll be too scared to buy because you’ll think it will dip more and you won’t buy. + +When it comes raging back to all time highs you will repeat this cycle. + +To the rest of you. Cheers! +Ok, so weird question. + +We're in the US, NJ if that makes a difference. + +I have a mortgage on a house currently valued at 1.1m, which I recently bought for ~900k. I put down 300k downpayment, and got a 600k mortgage at 2.875%. I have around 580k left on the loan. My family and I can afford the payments (~4500/mo), and I've made multiple contingency plans for loss of income so I'm not really worried about that aspect of it. + + +I've just been reading random articles saying that we're currently in a housing boom/possibly a bubble, etc. I want to get educated on what the long-term effects of such a situation is. What if the housing market crashes? What if the 'bubble bursts'? + + +Thanks! +Currently on my second l rental, first BRRRR. + +Bought from a wholesaler +$85,000 +Reno: $30,000 +Holding/other costs: $10,000 + +Will appraise at $155,000 on the low end. + +80% cash out refi. + +I’ll own the house for only $1,000 and have scheduled 15 showings for tomorrow to rent January 1! + +Boom! +I have a few SFH rental properties and have been wanting to make a transition into MFHs, however the current market seems inflated and I am struggling to find something compelling to pull the trigger on. + +That being said I am contemplating building a quadplex or a group of quadplexs. My brother in law has a construction company and builds spec homes and is also a city inspector, who I will leverage for these builds. I also have a lot of construction experience, however I plan to contract out the majority of the labor. + +My goal would be to buy an arce of land, there is plenty of land in and around my area that I can purchase and there is also a high demand for rentals in that area. Ideally I would like to build 4-6 quadplex units on the same property to maximize my return. I have done some general math on this, and I am having dinner to night with my brother in law to nail down some more of the specifics, but the potential returns seem very strong. In addition being a new construction build, so finishing out of the units can be done in such a way to minimize wear and tear and ongoing maintenance. + +I am curious if anyone has experience with this and what gotchas I should be on the lookout for. + +I would create an LLC to be tied to these units and will be securing commercial financing for a construction loan that with convert when construction is complete. I have a decent amount of cash that I can allocate to the project. My thought was to build a single quad and then add addition ones once I get tenants placed. The cashflow of the first units will help strengthen my position with the bank and I could potentially leverage that for more favoriable terms. Upon completing all 4-6 units I would likely look to refinance the entire property into a single loan and potentially pull some equity out during the process, so I can start on a new piece of land. + +&#x200B; + +Edit: After talking with my BIL, I am changing out Multifamily to Townhomes for a few reasons. Going with Townhomes, allows you to avoid certain restrictions that are tied to MFHs, which can be a headache to navigate. In addition by going the townhome route, I will have the option to individual sell units versus having to sell a full building. This provides me a lot more flexibility on exit strategies, which to me is worth the additional construction costs. Also I will pursure 2 story townhomes to maximize foundation utlizilation. +I just want confirm I'm not gonna look dumb and waste seller/realtor time. There is a duplex listed for 275k and needs 80-100k worth of work. Fully done houses in the area that are similar go for 285-310k. I'm thinking of offering 200k after I see the property. Is it worth my time to even do this or should I just skip this house at this point. Any investor experience with mispriced houses? + +I think my logic is reasonable, but wanted to get a second opinion. +What are some good methods for finding good contractors? I've asked some realtors but never got any good references. My last contractor turned sour later in our project and I unfortunately referenced him to other parties while things seemed to be going well. +How many of you have really stable jobs ie government, acct, and etc, and you use a moderate to SUBSTANTIAL amount of your income to invest in real estate, but don't plan on quitting your 9-5 until you retire or until your rental income can reliably replace your rat race income? + + +Hi r/realestateinvesting, + +Here’s the deal - I’m strongly considering purchasing my first property in the next year. I live in an in-law 1BR unit with my GF now, and while we’re saving by paying smaller rent, we could both use some more space. Located in the Northeast btw (not in a major city). + +However, I’m not quite sure if we’ll be in the area long term. We’re both early in our careers, and the possibility to move to a major city in the next few years is always an option if an opportunity presents itself. Which is why I’m potentially looking to buy a fixer upper, live in it for a few years (maybe longer), and sell for a profit. Without some sweat equity, I’d likely lose money if I need to sell in 2-4 years. + +Here’s why I think it’s not a bad call: + +- I’ve been wanting to get into REI for awhile, and have been studying it for about a year. I can get a better rate with an owner occupied mortgage, and I’ll have $45-50k to put down. + +- I’m pretty good with my hands. Did a light remodel of my current place (mostly paint/cosmetics, but also knocked down a wall & rerouted some electrical). What I don’t know yet, I can either learn on the internet role call in help from contractors in my family. + +- I’m not in a rush, and I can stay at my current place as long as needed & continue saving. I can search for a great deal - if I put in an offer that’s not accepted, oh well. On to the next. No emotions involved. If I do find a property, I can take the time I need to repair before moving in. + +That said, I don’t know a ton about flipping yet so I’m hoping y’all have some advice for me. I know the profit is made in the purchase, I know not to over-repair with a bunch of personal touches that the next owner may not like, and I know that the house needs to be inspected before buying. + +What don’t I know? Was anyone in a similar situation as me with their first property, and how did it work out? Thanks! +Curious because I really want to get into real estate but don't have the money or skills for a full flip myself. Is it possible to buy part ownership in a rental or retail space? Would like something more connected than just REITs. +Just for some context, I'm a new homeowner (1 year under my belt) and I rent the other rooms at my house. I'm looking to buy a MF in about a year. + +I know that issues with problem-tenants isn't something that can ever be completely avoided. People can be dumb, lazy or just not care about a house that doesn't belong to them. + +That said, I know that there must be some things within a landlord's control to minimize risk of catastrophe. One of the things I've had in mind are ways you could "dummy-proof" a house. + +Example: I work in HVAC, and its no secret that most people don't change their furnace filters nearly enough. A lot of people who *own* their homes neglect this, and it's even worse with renters. So to mitigate the risk of extra ware on the furnace, if I buy a rental I will 1) change the filter box to house a 4" filter (needs to be changed much less frequently) and 2) I'll require my tenants allow me to do a semi-annual maintenance on the mechanicals of the house. Boom, no chance for the furnace to die prematurely (and less of a chance of a midnight phonecall for no heat). + +I'm still very much in the brainstorming phase, and I'd very much like to hear anyone's thoughts on how to make your rental fool-proof. + +Or similarly, maybe there are things on a prospective rental you see as "too easy to end in catastrophe." Something that a normal home owner might not have an issue with (because they'll take proper care), but that you'd avoid on a rental. Would you see a house with a hot tub out back and turn away immediately, because there are too many things that could go wrong? + +Thank in advance! +My sister and I own a twin duplex near Philadelphia, PA. The other (half of?) twin is own by someone else - and it's also a duplex, owner occupies one unit, other unit is rented out. Our twin duplex is rented out and we like both of our tenants as they're dependable, stable, and relatively long-term, at least for the next 3-5 years. Our location is near transportation so an easy commute into Philly. + +A developer is now building a big apartment building behind us. Now some of this info was relayed to me (I no longer live near the area) and this is what I know, relayed by the other twin's owner: + +Developer started to dig down into the ground and realize it's a high water table area. So they will be installing "several" industrial-strength water pumps/sump pumps. + +Developer approached my neighbor (the owner of the other half of the twin) and said he's looking to buy both our properties so he can tear it down. He apparently let slipped that his plans actually/accidentally encroach on our garages in the back of our properties. + +The other twin's owner wants to sell. He has some experience in construction, and he explained: + +\- Our properties flood easily (minor but our sump pumps do turn on whenever it rains hard) due to the area being a high water table area - hence why everyone in the area has a sump pump. + +\- This big building will go up (& they're building a basement too) - and it will pump all the water out to the surrounding properties whenever it rains. There's no way our sump pumps will be able to handle the regular water we already get PLUS the additional water from the high-rise as well. + +\- He has a finished basement and he does not want to handle the hassle. Our basement isn't finished but we do have laundry down there plus storage. + +\- If the developer only gets one twin (or 1/2 of the house) then he will just rent it out. (Not sure what the game plan is here... wait it out until we sell as well?) + +\- If we both don't sell, and we suffer water damage, it would be costly to pursue for damages, and doubtful that we'd get anything <-- neighbor's opinion. + +I'm looking for some advice or direction on where to go from here? I'd like to get some a second opinion but I don't know where to start. + +We converted from oil to gas when we bought it in early 2015. We did a 15 yr mortgage so we've built some good equity. We have great tenants that more than cover our monthly PITI. + +\- If we stay, and there is water damage... what then? Get an industrial strength sump pump? + +\- If we sell, can we take the appliances out of there since he wants to demolish it? Can we salvage the new system we installed when we converted from oil to gas? I know we need to get an updated evaluation of our property since we did renovated one of the bathrooms and did the oil to gas conversion. + +If you've read down this far, thank you! + +Any advice will be greatly appreciated! +This is mainly about SPY. + +GME just follows it most of the time lately just like the rest of the market. + +But there have been some things happening in SPY that I kinda want to make known and discuss. + +\------------------------- + +**TLDR:** + +I found a lot of weird hidden trades that happen daily in SPY that don't influence the price at all. + +Maybe PPT, or Swaps? Sometimes it seems that these line up with a price movement. And I think the rebound last friday was manufactured. + +&#x200B; + +Just read it, I included pictures of fancy charts! Grow them wrinkles. + +\------------------------- + +Yesterday was… Interesting. + +SPY dropped big at 12:08-12:10 + +https://preview.redd.it/odhgj64cku091.png?width=424&format=png&auto=webp&s=cebf76bdf9351c9c3e704571ad420b0a468e23e5 + +Then this happened: + +https://preview.redd.it/b7c0redeku091.png?width=1600&format=png&auto=webp&s=560902247b36423a3f311a6d5eaf0b87a849b85f + +I know what you’re thinking, and honestly, it might be.I’ve been collecting data for a while now, and it’s all sorts of fucked. + +&#x200B; + +As I’m writing this more fuckery keeps happening. + +If you have read mine and u/mlebjerg posts about the Market Maker Signals this probably tickles your pickle. + +&#x200B; + +Watching SPY go down the whole day, until 13:30, where it went up again. + +https://preview.redd.it/8hl6adpfku091.png?width=422&format=png&auto=webp&s=63a3c008cec372b30b07d99590a971a169636b04 + +I Quickly made a chart and found this: + +[I know.. weird lines, Charting software doesn't like nano seconds :\(](https://preview.redd.it/g8xb7pmgku091.png?width=1600&format=png&auto=webp&s=89276873ce89a9263a1e637a08b61819152459f9) + +According to the Market Maker Signals legend, 900 is “Allow the stock to float and trade freely” + +I can already hear the naysayers here going “It’s just a normal order for 900”, and you aren’t completely wrong. A lot of these happen in SPY. But it’s the condition that makes it interesting. + +More about conditions later in this post, but the 7 V is for a Trade Through Exemption, per SEC Rule 611. This gets traded and has no influence on the price! This trade also is the lowest price of the day, but since it’s an exemption, it has no influence on the actual price! Great example of a hidden in plain sight signal if you ask me. + +About 45 seconds later the stock went up. Make of that what you want. + +&#x200B; + +Now onto the actual post I was writing. + +&#x200B; + +A while ago I noticed something odd, and I’ve been trying to figure it out ever since. + +If you’ve seen my ‘[Even SPY wants Whale-Teeth For Moass](https://www.reddit.com/r/Superstonk/comments/uslk1x/even_spy_wants_whaleteeth_for_moass/)’ post, you’re probably just as confused as I am. I said there I was going to do a follow up post, this is it. + +&#x200B; + +When I started tracking GME for the MM Signals I thought, why not SPY too?With everything going on lately in the market, SPY looked like a good candidate to track.I put the result in a chart and what I saw and have seen since, every day, is something I still haven’t found an explanation for after a few weeks of research. + +I’m sharing this to hopefully find out more and to expose trades you don’t normally see happen. + +Grab some coffee or something, there is a lot to digest here. + +&#x200B; + +Even SPY Wants WHALE TEETH FOR MOASS! + +https://preview.redd.it/k7mc518iku091.png?width=1600&format=png&auto=webp&s=158118aedb056bf124d4fa8b634b51237fa659fd + +&#x200B; + +**Alright. Fancy chart, but how do you get this data?** + +This is normal Time & Sales data. If you have a decent broker you should be able to see this in the desktop trading software your broker provides, with or without subscription (depending on the broker). + +As explained in my [Market Maker Signal Study](https://www.reddit.com/r/Superstonk/comments/ufmm9o/market_maker_signals_study_on_gme_breaking_down/) I use the API provided by my broker, and wrote my own software to utilize that API. This way I can take a look at it later and build some fancy charts to get a better understanding of things. This is raw data visualized in a way the usual trading programs usually don’t. + +All this data is on the tape also, before you start asking. + +Here’s a picture from one of today’s weird spiky orders, a picture from the orderbook from the trading software and a picture of the raw data opened in VSCode including the line number, which is the number for the trade. + +https://preview.redd.it/8b7z5bflmu091.png?width=498&format=png&auto=webp&s=522715eda7a8f25594b3c96cfce17af46dc82cfd + +https://preview.redd.it/su7spwfmmu091.png?width=553&format=png&auto=webp&s=dabb5b64bc9c1e8b5c8c25ca2428f554af1b36c5 + +https://preview.redd.it/x1d7d06omu091.png?width=814&format=png&auto=webp&s=30417d3279bdbf7ed529d9ebc93a37862531c8ca + +Yes, I know there is a slight difference in time. I blame that on my pc not being fast enough to handle the input and write it to a file due to the sheer amount of data flowing through in just a second.The price difference is because I took the screenshot of the order book after the trade happened, and the order book is displaying historical data, which is more exact than the actual real time live feed.The Epoch time is the time displayed in the orderbook, but since it’s seconds only it’s of no use to me. + +This is also not about predicting the future. If you want that I suggest you go read some tea leaves or something. + +&#x200B; + +**Some Glossary:** + +**SPY Data** + +Compared to GME, SPY is a lot more active. We’re talking about \~100M volume and around 1Million trades on a day to day basis. Many trades per second just show how fast all of this actually goes. + +&#x200B; + +**Trade Conditions** + +Every trade has a Special Condition, also known as an Identifier.These let MM’s and Exchanges know what to do with the trade.There is some real tricky shit with this, it’s interesting to read about and important later in this post. + +A few links about these Conditions + +[https://www.nyse.com/publicdocs/ctaplan/notifications/trader-update/cts\_output\_spec.pdf](https://www.nyse.com/publicdocs/ctaplan/notifications/trader-update/cts_output_spec.pdf) + +[https://www.finra.org/filing-reporting/trf/trade-report-modifiers-and-applicability-limit-uplimit-down-luld-price-bands](https://www.finra.org/filing-reporting/trf/trade-report-modifiers-and-applicability-limit-uplimit-down-luld-price-bands) + +[https://www.interactivebrokers.com/en/trading/tradeConditions.php?code=CTS.A](https://www.interactivebrokers.com/en/trading/tradeConditions.php?code=CTS.A) + +&#x200B; + +**Exchanges - Wait, FINRA is an exchange?** + +All of these are straight forward: NYSE, NSDQ, IEX. And then there is FINRA.Since I always get asked “Wait, FINRA is an exchange?” allow me to explain:FINRA stated as Exchange means that the trade went over an exchange/facility reporting to Finra.According to Finra’s own website there are just a few exchanges/facilities reporting to FINRA. + +FINRA exists out of: +NASDAQ TRF (Trade Reporting Facility) Chicago +NASDAQ TRF Carteret +NYSE TRF +FINRA ADF (Alternative Display Facility) +FINRA ORF (Over The Counter Reporting Facility) + +(Source: [https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files](https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files) ) + +If you visit chartexchange or look at a Bloomberg terminal and you see the volume over FINRA, those are these. Same goes for L1 or L2 data. + +&#x200B; + +**Timestamps** + +Last time the charts were in milliseconds, now they’re in nanoseconds. This allows for a more accurate look into when the trades happened. Nothing more. Although sometimes the charting software I use to make these fancy charts doesn’t like it, it was needed to differentiate between trades. The sheer amount of trades per second is just unbelievable. + +&#x200B; + +**On to the weird things, behold the fuckery** + +It all started when I looked at this: + +https://preview.redd.it/8ljb6xq7nu091.png?width=1600&format=png&auto=webp&s=c6e5d86374f8e81f83d455b4a154e44e5febf908 + +This is a signal chart, one you might already be familiar with if you’ve seen my previous post or follow u/mlebjerg’s daily Market Maker Signal posts. + +It’s the vertical lines that line up perfectly on a horizontal line that sparked my interest.The lines without any signals in them except at the bottom. These lines are still lines that connect trades. + +Let’s take a look without the signal markers. I discarded PM and AH from the picture. + +The horizontal red line is the closing price of the day before. + +https://preview.redd.it/cxdggs7xou091.png?width=1600&format=png&auto=webp&s=7621f99de669806283e52c1da550e14ab25c215f + +When I took a look at those trades this is shown: + +https://preview.redd.it/m1wmjyzyou091.png?width=821&format=png&auto=webp&s=30dc313c19969aee2ec6dade29a427e4af3b04af + +Order size of 251317 Shares, with a price of 412.07 (which is a few cents difference from the previous close), with Trade Conditions “7 V” over exchange FINRA. + +And this goes for all of them. As you can see they end slightly above the red line and the order size is huge. + +Let's take a look at another one. + +https://preview.redd.it/igizakp8pu091.png?width=1600&format=png&auto=webp&s=b199b9b8d5d242059390af6c79a3031833bcc700 + +And zoomed in on one of the spikes: + +https://preview.redd.it/299mxqz9pu091.png?width=962&format=png&auto=webp&s=fa27ee71667636fc3b6ab6fa79e6d6853e3f90a4 + +Order size of 251242 Shares, with a price of 411.35 (which is again a few cents difference from the previous close, this time close was at 411.34), with Trade Conditions “7 V” over exchange FINRA. + +&#x200B; + +Again, this is for all these spikes. During market hours (Intraday) most of them have the same “7 V” conditions and the same price and order size. Sometimes the order size changes but when it does it’s still over 10.000 shares. There is a spreadsheet down below that lists all these orders. + +Yes, these are the same as the spikes today! + +&#x200B; + +Here’s a picture of some I collected: + +https://preview.redd.it/5rg07aahpu091.png?width=1600&format=png&auto=webp&s=bde1c75202216eb74eff6248196c96bb0a16dfba + +Yeah.. I don’t know either. + +But when a spike lines up with the red horizontal line it’s almost always one of those trades. So let’s talk about those specific trades. + +&#x200B; + +All of these spiky intraday trades have a really big order size (volume), all go over FINRA, and all have the same condition on them, ‘7 V’. + +They do seem to happen in PM/AH too, but then they’re not labeled with a 7V condition. 7V only applies to intraday trades. + +After a lot of searching it’s still a bit unclear.According to all the sources I listed above the 7 (and 6, and V) is basically SEC Rule 611 - which is a Trade Through Exemption. + +Here is FINRA’s explanation on it [https://www.finra.org/filing-reporting/trf/trade-report-modifiers-and-applicability-limit-uplimit-down-luld-price-bands](https://www.finra.org/filing-reporting/trf/trade-report-modifiers-and-applicability-limit-uplimit-down-luld-price-bands) + +And here is the FAQ for the SEC rule itself: [https://www.sec.gov/divisions/marketreg/nmsfaq610-11.htm](https://www.sec.gov/divisions/marketreg/nmsfaq610-11.htm) + +Basically, trades with Rule 611 do not have an influence on the price when they are traded. + +Now the 7 gets a bit confusing. It’s listed as “Stock-Option Trade”, but also as “Qualified Contingent Trade”. It used to be “Stock-Option Trade’, but in 2015 it got renamed to ‘Contingent Trade”. + +&#x200B; + +**What is an (Qualified) Contingent Trade?** + +The SEC says this: + +“A “qualified contingent trade” is a transaction consisting of two or more component orders, executed as agent or principal, where: + +(1) at least one component order is in an NMS stock + +(2) all components are effected with a product or price contingency that either hasbeen agreed to by the respective counterparties or arranged for by a broker-dealeras principal or agent; + +(3) the execution of one component is contingent upon the execution of all othercomponents at or near the same time; + +(4) the specific relationship between the component orders (e.g., the spread betweenthe prices of the component orders) is determined at the time the contingent orderis placed; + +(5) the component orders bear a derivative relationship to one another, representdifferent classes of shares of the same issuer, or involve the securities ofparticipants in mergers or with intentions to merge that have been announced orsince cancelled; + +(6) the Exempted NMS Stock Transaction is fully hedged (without regard to any priorexisting position) as a result of the other components of the contingent trade; and + +(7) the Exempted NMS Stock Transaction that is part of a contingent trade involves atleast 10,000 shares or has a market value of at least $200,000. + +&#x200B; + +NYSE says: + +Contingent Trade | A Sale Condition used to identify a transaction where the executionof the transaction is contingent upon some event + +Qualified Contingent Trade | A transaction consisting of two or more component orders executed as agent or principal where the execution of one component is contingent upon theexecution of all other components at or near the same time and the price is determined by the relationship between the component orders and not the current market price for the security. + +It all falls under Rule 611, the trade-through exemption and thus it will have no influence on the price. + +So, there has to be something else together with this order in order for it to be fulfilled. + +So far, I’ve no idea what the ‘event’ could be when these trades happen. I’ve been unable to find anything else anywhere. I’ve seen other stocks have these 7V conditions with certain orders, but none of those orders are these sizes.When I was discussing this last week one 7V condition order came by in GME for 100 shares. Yeah.. that’s absolutely nothing compared to the 7V orders on SPY. + +&#x200B; + +**PPT?** + +So here’s where the tinfoil comes I guess. You probably guessed it at the start of this post.This might be the Plunge Protection Team (PPT) doing its thing.Constantly having big trades that seem to have no function. The amount of money used is quite a lot. + +Just looking at these spiky orders with Trade Condition 6 or 7 (most of the spikes) with an order size of 10,000 or more for the 14 days I’ve records of. + +Total amount of dollars spent on these trades: $54,476,673,963.37. + +A small example of the sheet, it's too long to make table tbh. + +https://preview.redd.it/gppetzl2qu091.png?width=1138&format=png&auto=webp&s=d7aad5272361c1382828435c71bd6773a5cdf4cd + +The Sheet (No doxx link): + +[https://docs.google.com/spreadsheets/d/e/2PACX-1vQKZmqfdgflqkfSkQHxQ-jcWZvEFbHM-yhDLLeISbA10J-O00yRZ2ZGtVV-sRPhwAVP7Mpv15waSVip/pubhtml?gid=1285989830&single=true](https://docs.google.com/spreadsheets/d/e/2PACX-1vQKZmqfdgflqkfSkQHxQ-jcWZvEFbHM-yhDLLeISbA10J-O00yRZ2ZGtVV-sRPhwAVP7Mpv15waSVip/pubhtml?gid=1285989830&single=true) + +&#x200B; + +It’s one of those things you can’t know for certain I guess, but day after day seeing these weird trades and after yesterday (Friday, 05/20) seeing SPY dumping the whole day until a big reversal that lines up with a specific ‘signal’ order and a condition that makes the trade not influence the price at all, does raise the question: PPT? + +And of course, can’t have the market crashing on a Friday. That would completely fuck up the weekend. Think about those poor hedgefunds. Just can’t have that. + +&#x200B; + +Here’s Friday’s whole chart. I’ll let you speculate on what is going on and if Friday was completely manufactured and if what we’re seeing here is actually PPT doing PPT things, or not. + +Or maybe it’s Swaps related? I honestly don’t know. + +&#x200B; + +https://preview.redd.it/o8p3vq58qu091.png?width=1600&format=png&auto=webp&s=bc3fbe9cccea518bfb1b0eeaa12e164221ead452 + +&#x200B; + +Spicy times ahead folks! + +Enjoy your weekend and WHALE TEETH FOR MOASS! +When BTC went to 29k, I saw several posts breaking out the technical analysis saying things that I didn't know wtf any of it meant, not even gonna lie. Stuff like ' double death cross ' and other weird doomsday sounding stuff. Everyone kept saying that in the past BTC has never recovered or they'd use words like ' historically ' blah bear market blah imminence. + +&#x200B; + +The market ended up bouncing and breaking ATH's TWICE... That's twice in 1 year. Historically, BTC has never done that, not at the current price levels anyway. Did anyone predict it? Not to my knowledge, everyone was sure the early bear market was here. Point? Don't listen to anyone but your own intuition and sobriety after your research. +I should preface this by saying I fucked up and trusted someone I shouldn't have. Dude accessed my phone and used my venmo to pay himself money. I realized this the next morning as I was reviewing my email, and so I cancelled the transfer from my bank to Venmo because he overdrew from there (I didn't have the amount he was looking for in my balance). + +I got an email two days later saying that they are going to honor it. Many appeals, a police report, and a lot of frustration later, I am on the hook for the money still. + +Just wanted people to be aware that the app might be great for friends, but don't use it with anybody you don't trust or know very well, and ALWAYS keep it password protected. +With all due respect, the post contained very little logical counterpoints or proper explanation to the sudden extraordinary claims. I believe there was no ill intention, but everything was worded poorly. Probably will be pounded for this and have to delete this later, but fuck it, here goes: + +Coming from someone who always preach "logic" over "emotion", the entire post is so illogical that one can barely start to dissect it. Let's pick a random paragraph for example. + +>Again I don't question the DD at all, I do however think people here need to take a good hard look at their risk/reward system and at reasonable numbers, I personally don't think 10m is something that can happen, again I could be a 100% wrong and if it does hell I'll be just as excited as everyone else, I just think the chance of happening is low to none. + +All DDs point towards the fact that GME reaching 1 million will not be an anomaly. By "not questioning the DDs", it is clear GME will reach the heavens, **as long as people believe it will**. The above statement is merely pandering to the readers, while adding a vague disagreement with no facts to support it. + +Indeed, there are two ways GME will not reach the millions. + +1. Everybody believe that it has peaked while it is in the thousands, and start selling. +2. Yes, government intervention. + +Scenario 1 depends on everyone holding, yes. It will only go as high as what people believe. It can easily go to the millions, or not. It depends on everyone's mindset. The only way to stop it, **is by selling**. This is a fact, because it is how a short squeeze works. Therefore, it makes no sense to spread doubt at this stage, at the peak of the hype, when reaching millions rely on people's confidence. + +At this point, its merely choosing to go with the bang that will shock the world, or a little spark that will merely draw a little attention, and left forgotten forever. + +Scenario 2 is a ludicrous point, and here's why. Reaching 1 million dollars, is less of an anomaly than the government shutting down trading. The **government stopping the rocket is the real anomaly here**. Here's an analogy: it's like a soldier abandoning the battle because he fears a meteor will hit the battlefield. + +In this case fortunately, there will be lower risks involved because if the government decide to shut down trading, you will most likely just get to sell your shares at the current market price (at that time) instead of the millions. Therefore, it makes no sense to sell earlier before the government shut down trading either way. If government really intends to shut down trading, we can simply ride into it and worry about it later. Nothing to lose here. + +**To conclude this**, I believe Ryan Cohen tweeting a picture taken off reddit is not an anomaly. He is letting us know he is watching. He has seen the DDs. DFV's "cryptic" tweets may or may not be any sort of hints. All you need to know is GameStop stands behind its shareholders, and probably wants this to happen. Take from it as you will. + +Remember it will go as high as high as you want to believe. My opinion is there is no point jumping off a once in a lifetime of a universe rocket unless it has reached an absurd amount anyway, so might as well ride it with an open mind. Either it goes bang outta the galaxy, or well, life fucking continues (sad music). + +Edit 1: Just thought about this. Actually, Rensole's post is actually reasonable from his perspective. With so many people expecting it to reach millions, he must be fearful that if it didn't, some people might direct their anger at him, therefore he is trying to dislodge the millions viewpoint that might be "anchored" to him, so to speak. This is just speculations of course, I can't possibly know what he is thinking. + +As this post seem to be gaining some unexpected traction (thanks for not bashing me!), I wish to expand on DFV's tweets a bit. He may or may not know insider information (let's not jump to conspiracies here), but either way, I believe he saw the statistics and calculated the outcome. The reason he took his time off to come up with all the tweets to encourage us, is because he believes in the community! We can really take off if we hold. This is not teamwork, but a common belief. And if DFV believes in us, and still stick around the subreddits, we should have some trust too. + +Edit 2: Its feels lonely without the kitty 😔. If anyone is reading this, here's an [old tweet](https://twitter.com/TheRoaringKitty/status/1376565378600603654) from him while waiting for nothing to happen. + +Edit 3: Rensole has made an update. I will keep this up as I am not bashing the player, I am questioning the content. It is always good to be skeptical and find new answers. While "tempering expectation" may be a good point, I will go with the high expectation hype as there's nothing to lose (stock is not going to nil) and everything to gain (crashing wall st). +Seems like the company has ambitious goals for the future by 2024 which is why I bought. But I bought high at $60 and as most of you know it’s been slowly bleeding off over the course of this past month. + +Do I really Hodl for that long? +That's what I'm doing, at least. + +Just develop the hobby of googling a plain "bitcoin" to be updated about its current news. I enjoy reading the bullshit section of economy in WSJ. I basically believe the opposite of anything they're saying. Like a recent article claiming full recovery at the the end of 2020. What kind of a vaccine that is so powerful to end a worldwide crisis in 3 months. + +Anyways, for online security I suggest: + +\- [Yubikey](https://www.yubico.com/product/security-key-nfc-by-yubico) with Binance and Google accounts. (Both support U2F, physical touch to log in, users have never been phished) + +\- [Trezor](https://shop.trezor.io/product/trezor-one-white) one for Bitcoin storage + +\- [ColdTi](https://www.amazon.com/ColdTi-Cryptocurrency-Storage-Anti-Tamper-Unbranded/dp/B07PYQJ1N9?th=1) for Titanium-engraved recovery phrase storage + +All three cost $99. It's the optimal security to date. Protect you from both digital theft and environmental crises. + +Note: Be careful what **chrome extensions** you install. Some replace your clipboard and people have reported sending funds to the wrong address. +How does dividend investing make sense? + +For example, Apple pays a yearly dividend of $2.65 per share and each share is worth around $140 a share. + +Assuming you buy 1,000 shares = $140,000 + +You’re yearly dividend will only be = $2,650 ( $2.65 x 1,000) + +The return on investment seems extremely low for such a huge investment, obviously this doesn’t take into consideration if Apple stock goes up, but this is irrelevant since as dividend investors you’re not looking to sell the shares anyway. + +Why wouldn’t someone choose to invest the $140,000 into properties for rent that generates the same amount in a matter of months? +I think the average Joe is tired. They’ve been told their businesses are closed by guys with tailored suits and $300 haircuts. They get charged $35 by the bank if they’re $0.25 short. They see the price of gas go up from more taxes and their suspension is shot from the potholes. They see their elected officials making six figures and taking another month of vacation. They see the angry old rich guy saying they don’t deserve it. They see their kids’ swing sets get padlocked at the local park. They see another billionaire claiming zero income. They see the price of housing skyrocket farther out of reach. They see another rich guy buy a judge for a lesser sentence. They see a constant barrage of ads for things they can’t afford. They avoid the hospitals for fear of bankruptcy. They pay for college for half their life. They live in third-world countries with little chance out. They wonder what kind of life their kids will have. They see the homeless dying of OD’s on the streets. + +They’ve been taking to the streets all year. They’re pent up. They finally see a chance. They have a glimmer of hope, a way out of the mud. They see a lotto ticket with a real chance of payout. They don’t know the rules. They don’t know the consequences. They just want a taste. They just want a piece. They want to feel like they finally won one just this once. They’re begging and praying for it, please, just this once. + +This is so much more than good and bad tokenomics. This is so much more than with or without utility. This is a reflection of the current state. This is a dream, a chance, their one big shot. This is an uprising. + +I think there’s a real good chance a lot of them are gonna get burned and that’s sad. But there’s no stopping it now. I hope they get some. I hope they get to enjoy the taste of that dream. I hope they see the green and it lights a fire in them. I hope if they lose it, they get determined to go get it back. I’m rooting for the average Joe. I hope they get theirs. +# First and foremost. Dogecoin has massively pumped over the last week, up 77%, it's likely massively hyped and due for a correction, buying Doge will probably get you burnt. + +Over the past year Dogecoin has taken hit after hit along with the rest of the crypto market. Every time Dogecoin dropped out of the top 10 cryptos by market cap, this sub was quick to celebrate the drop. + +With posts like + +[If You're Still Holding Dogecoin, You're the Greater Fool](https://np.reddit.com/r/CryptoCurrency/comments/uvil1o/if_youre_still_holding_dogecoin_youre_the_greater/) + + [Polkadot (DOT) Dethrones Dogecoin To Join Crypto Top 10](https://np.reddit.com/r/CryptoCurrency/comments/xatmpz/polkadot_dot_dethrones_dogecoin_to_join_crypto/) + +and blatantly false FUD posts + +[Doge has a single wallet with more than 23.17% of all the Dogecoin in circulation and it can be rugpulled at ANY moment.](https://np.reddit.com/r/CryptoCurrency/comments/s798gh/doge_has_a_single_wallet_with_more_than_2317_of/) + +The top wallet was previously discovered to be RH holding on behalf of its clients not a whale waiting to dump Doge. + +\------------------------------------------------------------------------------ + +So I wanted to use this opportunity to celebrate the recent rise of Dogecoin + +* Over the past five years Dogecoin is up 410% against BTC +* Over the past year Dogecoin is up 10% against BTC +* Over the past 6 months Dogecoin is up 45.85% against BTC +* Over the past month Dogecoin is up 64.82% against BTC +* Over the past 5 days it's up 65.88% against BTC +* Over the past day it's up 23.89% against BC + +\* To prevent spam on this post I didn't include image of charts, however you can Google "Dogecoin to BTC" and look at the charts for comparison in the different time frame if you want + +\--------------------------------------------------------------------------- + +Welcome back to the top 8 cryptos by marketcap Doge. May your stay be long and not just a few hour footnote on the daily news. + +Again, Dogecoin is massively hyped, hype is not reasonable or long term and anyone thinking of buying into hype should be prepared to be exit liquidity for whales. +What did the markets do, what did you do? Did stop losses even matter, did the prices plummet after hours? Did it change how you invest? I only have two anecdotes. I know a guy who lost his daughter's college/future fund. It was around 100k. He was devastated and said he'd never invest again. Then my father, who was in mutual funds. The crash didn't hurt him much, which was as he'd planned, but he figured his colleagues who were in stocks would probably recover in time, and they probably did. There were probably not nearly as many retail investors then as now, so may have been harder to go cash. +Hi, before i start, some background info is that i’ve been in GME since oct 2020, at an avg of $15, my post history includes a post that predicted a squeeze to $150 at minimum. + +&#x200B; + +Okay now, i’m sure many new “apes” arnt familiar with the history of the GME squeeze, and the things that Ryan did. + +&#x200B; + +On the 16th of Nov, RC wrote a letter to Gamestop’s management as a activist share holder, urging for change. You can read the whole thing here: [https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +&#x200B; + +However, what i want to highlight is how he acquired 9.98% of the company, urged management to transform and indirectly threatened a hostile takeover (story for another time) + +&#x200B; + +[https://imgur.com/a/M0BH0HA](https://imgur.com/a/M0BH0HA) + +&#x200B; + +A month later on 21 Dec, he announced he increased his stake which ultimately started the squeeze. + +&#x200B; + +This is the timeline overlayed on the charts + +&#x200B; + +[https://imgur.com/a/uoVVUOk](https://imgur.com/a/uoVVUOk) + +&#x200B; + +&#x200B; + +Now, the similarities with BBBY are obvious, with him announcing the exact same 9.8% stake, as well as urging management to transform. + +&#x200B; + +[https://imgur.com/a/xBxVBJM](https://imgur.com/a/xBxVBJM) + +&#x200B; + +RC dosn’t fuck around, a letter like this is a warning of things to come, not just for fun. This time, both the 9.8% stake as well his warning was fired at the same time. + +&#x200B; + +also, if you’re thinking of selling gme to buy BBBY, don’t because his last paragraph, GME is still the play here, because we know that GME and BBBY run together. lmk if u want me to elaborate on this + +&#x200B; + +[https://imgur.com/a/BUxpXQr](https://imgur.com/a/BUxpXQr) + +&#x200B; + +&#x200B; + +&#x200B; + +P.S. + +Take note that on the day it RC released his increased stake, it was actually a -1% red day. the next day, we shot up 20% on no news. i remember being confused af, but people were speculating RC recalled his shares, forcing the squeeze (similar to what Michael burry back then). +So back in September I had my gallbladder removed and a few weeks later I received an Explanation of Benefits letter from my insurance company which breaks down what they pay and what I would have to pay out of my pocket. This letter stated I will have to pay for $11,000.00 to a doctor I didn’t recognize. I called my health insurance company and asked why would I owe this money to a doctor I didn’t know. They informed me that he was the assisting surgeon and is out of my network but I can file an appeal with my insurance to cover the $11,000.00. + +Fast forward to November when I’m laid off work and I did receive 6 months severance which I put into my savings for emergencies. I am collecting unemployment which is keeping my bills paid. + +I received a letter today from the insurance company that the appeal was denied, and I owe the $11,000.00. I don’t know how I am going to pay it. I don’t want to use my severance because that’s pretty much all of it give or take a $1,000. I need that in my savings right now because I still haven’t found a job and unemployment will run out soon. I am really stressed out and upset that this is happening. I had no idea that this doctor would even be helping to perform my surgeon nor did I give my consent to have this doctor. I haven’t received a bill from the doctor yet and I am in NJ if that makes any difference. + +Edit: Thank you everyone for your replies! Your advice has been very helpful to me! +Pissed off and tired of being poor. Was up $1500 on BB a few weeks ago before buying was restricted. down even more since then. Just put the rest of my bank account in the weed stocks. You know the ones. Wish me luck, fellow degenerates. Rocket ship emojis. + +I roll hot dogs on a grill to pay bills. This is absolutely not financial advice. Also my first post on wsb after lurking for the past year, hello. +I never understand hearing posters talk about how they plan on moving out of the US, commonly to a 2nd (or even 3rd) world country to be able to FIRE. People that live / grow up in those parts of the world would do (and **are** doing) anything to leave and live in a great country like America. I understand some places are really expensive and all, but you could find cheaper places to live in the states; no need to move to Equador and have to worry about crime, bad infrastructure, corrupt police force, etc. Is it really that worth it to FIRE, that you would put your health and safety at risk? + +I think as Americans, alot of us really take for granted how good we have it here. But to the point, I live in a moderate COL area, and just ran a quick google search for rural areas around. Rent is half what I am paying now, for a larger place. No need to move to a third world country guys, if you are just looking for a cheap place to live, move to a rural area instead. + +Edit: + +"I'm moving out of the US because I have decided that I don't like it anymore" != "I'm moving out of the US because it is expensive and Equador is way cheaper, and I will be able to FIRE there". For the few people that do fall into #1, why don't you strive to make your country a better place, if you believe it has its flaws in certain areas? There are a lot of really smart / rational people here, and I am sure we could make the world a much better place if we tried. Moving somewhere just because it has "pretty beaches" is not worth it IMO. I also think alot of the preference towards cities vs rural areas, that I am seeing in so many comments, has to do with demographics- according to that (partial, still not fully released......) FI survey from a few months ago, people in the FI sub tend to be younger. Younger people tend to like more active environments (ie. cities) and are a little more adventerous and eager to do things like traveling the world / experience living in other countries. That is another factor to consider. +When getting into stocks a mentor of mine told me "if you've heard the news, it's already too late." I believe this to be true. Me, an average Joe, checking Twitter, Reddit, Barrons, MarketWatch, etc am the last person on the food chain to hear about news that will influence a stock. Therefore it has already been priced in. The stock my fluctuate after news reaches those outlets, but minimally. Therefore news that I read should not **directly** influence my stock moves. I need to buy on news that I create through my own research and speculation. A positive news release regarding a company should not influence me to buy said stock, because when I, low on the food chain, have heard this news, it's already too late (unless I think it wasn't priced in correctly.) What do you all think of this philosophy? + + +That was several years ago. I have never sold a single bitcoin, and although I kinda wish I did when it hit $19,000, I didn't know where it would go. Those people telling you to sell at $19k because it was obvious it was overpriced would have told you the same at 9k, 10k, 11k, 12k, etc. Fact is, if bitcoin could reach 19k, it could reach 30k, 40k, no problems. + +I've bought my first bitcoin during the bitcoin craze, when it broke $1,000 USD. It then crashed to $200 but at this point, I was hooked, and kept buying with a budget of $1,000 per month. This includes buying bitcoins at $200, $300, $500, etc. This includes YEARS of having no return on my bitcoin investment while stock soared. + +My thought today? + +Well, I am now buying $2,000 of bitcoins every month. I don't plan on selling in the next 5+ years unless we get a crazy run and the price is so high I can't refuse - but even there, it will be hoping for a crash (which we may or may not get, don't believe the naysayers) to buy even more bitcoins. + +I fundamentally believe in bitcoins. I think they will last. I think they will keep going up and I think this is the best way to store money, savings-wise, for the long term. People telling you that bitcoins aren't based on stocks and a business forget that businesses crash all the time too. Look at EA and NVDA for instance, down nearly 50% in the last month. + +Bitcoins DO have a business and it's being a parallel financial system. I won't do a full study of them here, but there definitely is a need for bitcoins worldwide. I am self-employed and am often paid in bitcoins simply because it's faster and cheaper than paypal et al. Paypal takes as much as 10% in fees for me and it's days before I can get the money. Trading bitcoins in person, I can avoid nearly all fees and even charge a premium. + +Bitcoins aren't going anywhere. Et her might or might not suceed (my own guess is that it suceeds, but that's what it is: a guess), the rest of cryptos might or not be there in ten years, but bitcoins will be there. Other cryptos NEED bitcoins to suceed to even exist because it's the golden standard. 100% of my savings are in bitcoins and I will conclude by saying this: + +People say bitcoins "died" all the time. It was the same when it hit $200 last time. People would tell me to sell and recoup some of my losses, that bitcoin was going back to 1 cent, etc. People don't know shit. People don't know where it's going. I don't know where it's going. I think it's going up, I think bitcoins are barely starting and I will say this, companies that spend $100M+ to develop new ASICS for bitcoins seem to think that bitcoins are valuable too. + +Lastly, the trading price on exchanges is misleading because it can be heavily manipulated. Wallet A can easily "sell" his bitcoin to wallet B and it would be part of the trading volume. I don't trust short-term price. I think a fairer price for bitcoins would be the average of the last 12 months or something like that. + +TLDR: I am not afraid for bitcoins future at all, it is already used a lot and it is truly game-changing. It's the best crypto and the one most likely to suceed. Stop panicking and ignore the FUD from trolls. People bash bitcoins because: + +1. They are jealous of those who became rich using it. +2. They take solace at looking at recent price actions and comfort themselves for not buying bitcoin at $200: "See, I knew it was a bit idea, I would be down so much!" +3. They're pissed off that stocks are down so much. A lot of people who bashed bitcoins were WAY too invested in tech and also old fossils like GE, which are plumetting, and this is their way to let steam out. Keep buying if you can and ignore the fear. + +My own personal projection is that bitcoin doesn't move much in 2018-2019, sticks around $2.5k-$4.5k, then soars randomly in late 2020, probably hitting 30-40k without any problem. +I actually don't really follow what influencers say about coins , doesn't matter if it is coin bureau or tiktok influencers and do my own research before buying something , BUT THIS CAUGHT MY ATTENTION... + +The idea is to start with $1000 and put it into a coin that would go up 2% in a period of one day . (2% is nothing in crypto) + +If I were to be disciplined and follow this strategy for over one year with the compounded amount I would have more than a million dollars or **$1,377,408.29** to be precise. + +I Have been inspired by a post where the challenge was to make a million dollars by $1000 with the 10x2x strategy ,I found it quite hard to do a 2x every time I buy a coin so instead I'm doing the 2% challenge + +I have sometimes made a 2x in simply one day. So , making 2% a day should be easy with crypto's volatility + +This is Financial Advice +Im 18, going to be saving and investing in a Personal Vangaurd account soon, Id just like to know what you guys specifically invest in on your account. + Retirees’ investing strategies Retirees’ investing strategies +Wednesday, 30 Mar 2016 | 8:00 AM ET +The second longest bull market in history has lulled Main Street into complacency. U.S. investors expect their portfolios to generate an 8.5 percent return annually over the long term after inflation. Financial advisors said a 5.9 percent return is more reasonable, according to new research by Natixis Global Asset Management. http://www.cnbc.com/2016/09/29/ordinary-investors-expect-an-85-percent-return.html +Of the country for the next three weeks, phone away no checking prices, coins in cold storage waiting for this all to blow over + +HAPPY HODLDAYS + +Edit: I’ve had a beer and commented on selected posts . . . + +Edit 2 : I’ve commented on all posts +Listen up retards, this won't be short. + +This was not meant for you apes; Seek ing alpha denied my article because they don't want recent SPACs merger on their website. + +So instead of earning cash to spend it on stupid shit, I'm here wasting my time for you all because I don't want 50 hours and 4000 words of research to go to waste, let me tell you gamblers why Microvast ($MVST) is a Hidden gem. + +First of all, you retards probably came for the short squeeze potential, rumor has it, there's not many shares left to short sell and Microvast is down 60% from its peak (even after yesterday's 20%+ run), but I could not care less about that, MVST will trade significantly higher once decent analysts start coverage on it and this post will tell you why. You guys are so lucky to have found this now, I've been holding since November when it was $11, so the price right now is still dirt cheap (it was $15 two weeks ago...). + +Quick introduction for those of you who don’t know what Microvast is and what it does. Microvast is a technology innovator for Li-ion batteries that designs, develops and manufactures battery systems for commercial electric vehicles and energy storage that feature ultra-fast charging capabilities, long life and superior safety. Microvast believes the ultra-fast charging capabilities of its battery systems make charging electric vehicles as convenient as fueling conventional vehicles and believes the long battery life of its battery systems reduces the total cost of ownership of electric vehicles. + +Microvast is expected to grow at a compounded annual growth rate of 87%, their estimates are justified by the growing desire for electrification as well as the growing demand for clean energy and the zero-carbon revolution. + +The forecasted battery components revenues (see picture below) come from Microvast being vertically integrated. Their battery components are world-class, significantly differentiating and they are going to sell those parts to some key cell manufacturers in the passenger EV market (specifically their aramid separator and their gradient cathode). They currently ship to passenger vehicle applications (SAIC) but are also engaging with passenger OEMs that have made the announcement that they will manufacture their own batteries (with battery components)\[1\]. They also plan to do the same thing with consumer electronics. + +&#x200B; + +https://preview.redd.it/alqqdfwu0qf71.png?width=359&format=png&auto=webp&s=f607dd17a8b1c6817205d2e9b561ca0c22eb26dc + +Microvast's projected revenues + +While their projections may seem optimistic, they were able to secure partnerships with industry leaders representing over $1.5 Bn in contracted revenue through 2027. $44 millions, $125 millions, $172 millions, $250 millions, and $355 millions for 2021, 2022, 2023, 2024, and 2025 respectively. Those numbers were before they recently announced a partnership with eVersum, a high-tech vehicle OEM, specialized in the design, development, and build of the most purposely engineered electric commercial vehicles for passenger transport. The deal has a potential volume forecasted to be more than 100 million €. + +There’s a great interview on [cheddar news](https://cheddar.com/media/microvast-goes-public-on-nasdaq-via-spac) with Shane Smith, COO of Microvast, where he talks about why Microvast went public and raised more than $800 million: “We raised capital to support orders we already had in place. We’ve won more business than we’ve had capacity for”. It seems like Microvast has a great problem; the demand is bigger than the supply at the moment, which is great news as they may not need to spend a lot on marketing if customers are coming to them directly. + +\- Microvast has over a decade of expertise in designing and manufacturing battery components (Cells, electrolytes, packs, separators). That differentiates them from most of the other battery makers who source their components from the vendors. It is important to note the cell makers do not have the right to produce the material that they did not invent or have the license for. “Microvast invented and manufactures the key battery materials to ensure unique performance and by also guaranteeing the leading time because the material patents are the strongest patents, legally protected and our success is founded on our deep technology portfolio which is wholly owned and protected by over 550 patents (and patent applications)”, said Dr. Mattis, Chief Technology Officer of the company. + +\- They have more than 1800 employees including more than 500 employees in the R&D division. + +\- They have 28000+ Battery systems in operation in 19 different countries. + +\- More than 3.8Bn Miles of operational distance was covered with no major safety incidents. + +\- Their Batteries can run at a high temperature for a long time and they won’t explode. They have this proprietary way for their Batteries to be 90% as efficient as brand-new ones after 10,000 charges. + +\- Among all of Microvast’s products, two stands out that no one else in the world has: the 100% Aramid separator and the full concentration of the grading of the material. + +o “One of the perks for the solid-state battery is on shrinking separators and with our Aramid separator, we are there”, Dr Wenjuan Mattis said in the Wedbush conference held on April 8th2021. For the fans of solid-state batteries, this could be a major catalyst incoming. Their Aramid separator has higher thermal stability than charged cathode material; 2X the temperature resistance of traditional poly-ethylene separators, enhancing safety and charging time. + +o “We have almost 15 patents in solid-state batteries, it’s one of the three advanced technologies that we’re working on”, said COO Shane Smith. 15 might not look like a lot compared to QuantumScape, which holds over 200 patents and patent applications related to solid-state battery technology, but they operate in different markets, MVST in commercial vehicle batteries and QS more in the passenger EV batteries. Also, it’s important to mention that they are not really competitors at the moment, Microvast generated about $ 107 million in sales in 2020 and is expecting to generate more than $2 billion in sales in 2025 compared to QuantumScape, which will not generate meaningful revenues until 2026, according to the website “[barrons.com](https://barrons.com/)”. + +\- The other material, the full concentration grid in the cathode, is a unique material made by Microvast. With this technology, they can tune the distribution of the transition metals across the particles, which allows them to maximize the capacity and maintain safety and at the same time minimize the cost and the risk by reducing the cobalt content. The material has a capacity 20% higher than the best material in the market and is 10% lower in cost. They have a production line that has been making 600 tons per year (for the past 3 years). + +**Partnership/Customers** + +\- They have solid partnerships, including FPT (the global powertrain brand of CNH Industrial Group), Oshkosh (leading global innovator of mission-critical vehicles and essential equipment), Porsche, SAIC, and many more. Oshkosh also made a $25MM strategic investment in the PIPE, and signed joint development agreement highlighting future battery collaboration and integration. It is worth mentioning that Oshkosh received the USPS contract to replace its mail delivery trucks (the initial contract is. worth $482 million). Also, it is an open contract, meaning USPS will be able to order more vehicles throughout the 10-year contract ([they will order between 50,000 and 165,000 vehicles](https://www.oshkoshcorp.com/en/news/2-23-21-usps)). This is a lot of potential business for Microvast and could represent a serious catalyst in the future once more information is available. Oshkosh expects to start production in 2023, right when Microvast’s factory in Tennessee will be up and running. Remember, MVST went from $14 to $23 the day Oskosh got the USPS contract, this will definitely be a HUGE catalyst once we know more about it. + +\- They can count as their customers some of the leading global bus OEMs including Yutong, Higer, Foton, King Long, VDL, and Wright Bus. Their batteries are being deployed across a broad range of commercial vehicles, including automated guided vehicles, port equipment, mining trucks, fork-lift trucks. They also have customer relationships with the likes of Kion, Kalmar, KoneCranes, Linde, PSA Singapore, and Gaussin. All of these names are recognized as leading OEMs in their particular area of focus. + +**Key advantages over its competitors** + +Microvast is very unique in itself and it is hard to compare them with other public companies; some are fairly young compared to them and others are well established but operate in the passenger EV battery market and it is unclear when/if they will shift towards the manufacturing of commercial EV batteries. + +Their closest competitor is probably \*\*\* had to get rid of this competitor (market cap under 1bill) but the short answer is that MVST is 10 times better... + +If we do a quick head-to-head comparison, we can see Microvast seems to have a clearer path to achieve its Revenue goals. + +\*\*\* is headquartered in Los Angeles with a factory of 113K sq.ft compared to Microvast with its biggest factory in China (1.72MM sq.ft.), another one in Germany (170K sq.ft.), and one in the United States in 2022 (577K sq.ft.). In contrast, \*\*\* has more than 200 employees and Microvast is expected to hire around 300 employees only for their new factory in Tennessee and they also have more than 500 employees working in the R&D division as mentioned before. + +It looks like Microvast is better positioned to profit from global electrification with their factories established in three different parts of the world. + +The picture below shows both their year-over-year revenues growth, which could be a bit misleading as they are not in the same business stage and operate in different continents for now. China and Europe lead the United States in electric commercial vehicles on the road, which could explain the difference. + +&#x200B; + +https://preview.redd.it/e6wzhoey0qf71.png?width=297&format=png&auto=webp&s=77984dcaac9f5762f2edc3dd7fc971418dfa0ed7 + +But the point I want to make here is that they rely on different things, \*\*\* miss on revenues is due to the short-term limited number of battery cell providers, producing safe, high-performance cells suitable for the commercial electric vehicle market. “We know, we, and the whole industry, need more cells”, said the CEO of \*\*\* in their latest earnings call. Whereas Microvast produces their own cells, relying more on the primary resources. See the picture below for Microvast 2021 projected Revenues as well as \*\*\* forecasted and revised revenues. + +&#x200B; + +https://preview.redd.it/hbp0ee4x0qf71.png?width=253&format=png&auto=webp&s=23295bd6c127a150fb07bdfec94a2a814a5fc752 + +On the other hand, it is true that Microvast did not have earnings call yet to discuss their 2021 outlook but I believe they are in line to achieve their projected revenues. They had \~ $107 MM in revenues in 2020 and if they keep the same YoY growth rate of 115% (Q1 2020 à Q1 2021), they will get to $230 MM by the end of the year. The key differentiator here is that Microvast manufactures their own cells, which ensures high quality, faster product development, greater customization to client needs, and tighter cost control as well as higher margins. The fact that Microvast has its own in-house manufacturing capacity is a clear competitive advantage to my eyes (see picture below, found on Microvast website). + +&#x200B; + +https://preview.redd.it/nkrsbv1r0qf71.png?width=468&format=png&auto=webp&s=a77943b9313e8bdb0ce659885fc94ab870543332 + +Both of these companies are currently highly valued based on their potential and future expected revenues. At their current market cap, \*\*\* is selling at an estimated 2021 P/S ratio between 23 and 51 and MVST with an estimated 2021 P/S ratio of about 12. Once again, these two companies are not at the same business stage and I believe they will both succeed and grow at an impressive pace, however, MVST’s growth perspective and business model seem less risky and more predictable. + +I have a conservative 2023 Price target on MVST of $25 (that was for Seeking Alpha, let's be real here $25 is legit fair value for Microvast, it should trade at a premium for all its potential not a discount), which is more than a 200% increase from its current price of about 8$ and $25 also happens to be their 52 week-high. My price target is based on discounted 2023 revenues and a P/S ratio of 12 (85% of forecasted 2023 revenues (85%\*751MM) \* 12 = \~$7,5 billion market cap). Considering their direct competitor is currently more expensive (P/S between 23-51) and other companies operating in a similar sector are trading at high valuations: Tesla (\~20 P/S), Pro terra (\~11 P/S), QuantumScape (Market cap of 9.5B without revenues yet), and Nikola (Market cap of \~4B without revenues yet), Microvast can be considered as fairly cheap and this price target of $25 as conservative. It could easily go to $40 is what I meant. + +**TAM is estimated to be $30Bn + in 2025** + +· Battery providers are expected to play a pivotal role in the EV value chain: \~ 30-40% of EV value resides in the battery. + +· The rotation from gas-powered commercial vehicles to electric-powered commercial vehicles might happen quicker than the rotation from gas passenger cars to electric passenger cars because of government funding. Also, with the lithium shortage, the world will have to mine more lithium but it would not make sense to use powered-gas trucks to mine to then build electric batteries for a greener future, I believe the U.S government as well as the other governments, will make sure we use clean energy to mine lithium or any other natural resources, which would benefit Microvast. + +· The demand is bigger than the supply at the moment with battery cell production in the U.S. just below 40 GWh in 2020, while battery demand exceeded 42 GWh. For context, achieving President Biden’s goal of a 100% electric fleet of U.S. government vehicles will require 69 GWh of battery cells. I believe Microvast is well-positioned to become a giant in the industry with their new factories; they planned ahead, which could give them a competitive advantage over their competitors. + +· EV Battery market is believed to be at a key inflection point (EV is 1.5% of 2020 sales – 8.5% by. 2025), which equals to an expected CAGR of 55% (based on sales in key markets: U.S, Europe, China, Japan & South Korea). Source: [Microvast investors presentation](https://microvast.com/app/uploads/2021/07/investor-presentation.pdf). + +Ø There is a profound energy transition toward renewable energy driven by governmental policies that are synchronized for the first time, according to Frederique Carrier in the [RBC Global insight May 2021](https://www.rbcinsight.com/WM/Share/ResearchViewer/?SSS_550F5749FFF0E40F2A81B69264610173). + +o The European Green Deal refocused the EU’s COVID-19 stimulus package onto renewables -charging infrastructure, power generation, and green hydrogen projects (allocating up to $600 billion to green projects). + +o China’s 14th Five-Year Plan called for electric vehicles to constitute 20 percent of overall new car sales in China by 2021 from just 5% now (spending up to $1.5 trillion). + +o Joe Biden won the U.S presidential election with a sweeping infrastructure program (up to $2 trillion). + +o Microvast is well diversified in these three growing markets with its biggest factory in China (1.72MM sq.ft.), one in Germany (170K sq.ft.), and another one in production in the United States (577K sq.ft., expected to start production in 2022). + +\- According to Shelby Tucker, RBC Capital Markets, LLC Utilities Analyst, the global market for batteries has the potential to grow 100 times by 2050. + +Also, great find by [u/Little\_Objective\_683/](https://www.reddit.com/user/Little_Objective_683/) : The U.S department of energy (DOE) asked Microvast in 2019 to build a Li-ion battery facility in the United States to fulfill Microvast's biggest order to date, which will make Microvast the largest American Li-ion Manufacturer. + +&#x200B; + +https://preview.redd.it/7n6py2q11qf71.jpg?width=315&format=pjpg&auto=webp&s=3e40ba583ed4d5027fcb52d24d696a9eda469102 + +**Global market presence** + +After primarily being focused on the PRC and Asia-Pacific regions, they are expanding their presence and product promotion to Europe and the United States to capitalize on the rapidly growing electrification markets. In 2021, they will be launching a marketing campaign to introduce Microvast to more potential customers in regions outside the Asia Pacific region and adding more headcounts to support business development ([source: Sec.gov; DEF14 form](https://sec.report/Document/0001213900-21-035581/defm14a_tuscanholdings.htm)). + +The European market presents enormous growth opportunities for electric vehicles, driven by higher emission standards, reduced total cost of ownership compared to gas-based combustion engines, and growing environmental awareness. In the United States, they believe a new political administration is likely to push the electrification revolution through regulation. In pursuing contract opportunities with industry-leading companies in the United States, they have seen how their potential customers recognize the lower total cost of ownership for commercial vehicles and are seeking alternative forms of energy for energy storage applications. + +As they expand their presence globally, they will continue to invest in their existing partnerships in the PRC and the Asia Pacific region and continue to grow their business there. + +&#x200B; + +https://preview.redd.it/00irgk431qf71.png?width=468&format=png&auto=webp&s=49bb262a01b29c15a45b58813e286e382434220e + +\- Revenues in Europe decreased by about 22% while Revenues in PRC increased by more than 260% + +\- I believe the decrease in Europe is temporary and was caused by the pandemic, since it affected the whole industry, as Panasonic mentioned in their latest earnings report. and with the new factory in Germany, it will become more convenient for European companies to try and buy Microvast’s products. According to the website [iea.org](https://www.iea.org/), new electric car registrations were about 3 million globally in 2020 and for the first time, Europe led with 1.4 million new registrations followed by China with 1.2 million and the United States with 295 000 new electric cars. + +**Bear Case** + +I could not find solid bear cases anywhere on Microvast other than “it’s a Chinese company, stay away” or “insiders are dumping shares on you, get out”. + +Let’s talk about the latter quickly. As found on [the sec.gov DEF14 filing for THCB](https://sec.report/Document/0001213900-21-035581/defm14a_tuscanholdings.htm) (SPAC that merged with Microvast), + +“Subject to certain exceptions, the Registration Rights and Lock-Up Agreement further provides (1) Wu will be subject to a lock-up of one year with respect to 25% of his shares and a lock-up of two years for the remaining 75% of his shares, provided that, with respect to the 25% of his shares subject to the one-year lock-up, he can sell those shares if the shares trade at $15.00 or above for 20 days in any 30-day period and (2) the Microvast equity holders other than Wu are subject to a six-month lock-up. The Registration Rights and Lock-Up Agreement further provides that the shares owned by the Sponsor Group will be subject to a lock-up. Specifically, with respect to 75% of the shares owned by the Sponsor Group, (a) 2/3rds of such shares are subject to a one-year lock-up unless the shares trade at $12.50 or above for any 20 trading days within a 30-trading day period and (b) the remaining 1/3rd of such shares are subject to a one-year lock-up. With respect to the remaining 25% of the shares owned by the Sponsor Group, (a) 50% of such shares are locked-up until the later of the one-year anniversary of the Closing and the date on which the shares trade at $12.00 or above for any 20 trading days within a 30-trading day period, (b) the remaining 50% of such shares are locked-up��until the later of the one-year anniversary of the Closing and the date on which the shares trade at $15.00 or above for any 20 trading days within a 30-trading day period and (c) all of such shares are subject to forfeiture if such trading targets are not met by the fifth anniversary of the Closing.”. + +In other words, insiders are not “dumping shares on us” at a price of about $8 (now $10) because of their lock-up agreement. + +Should you fear Microvast because it is a Chinese company? Perma bulls will tell you it is not a Chinese company as it is headquartered and founded in Houston, Texas. In reality, it really is a Chinese battery maker coming public through an American SPAC, [according to Dana Blankenhorn](https://www.nasdaq.com/articles/tuscan-holdings-is-gaining-traction-but-where-is-microvast-coming-from-2021-02-10) (let's not argue about this fellow retards, it doesn't really matter; China is years ahead of the U.S in EV). If you were on vacation the past couple of weeks, here’s what happened with the Chinese stocks: + +\- A crackdown on education has spread to Chinese tech stocks and the whole Chinese market (MSCI China index delivered negative returns of -14% in July). + +\- Investors fear the unpredictability of the Chinese government, which could explain the 40% drop in MVST share price in a month. + +So, the question is, should you be greedy when others are fearful as Warren Buffet said? Or should you panic sell after a 40% drop in a month? + +Here’s what UBS Chief Investment Officer Mark Haefel had to say on China: + +“For the tech sector, Beijing remains focused on its long-term goal of technological self-sufficiency and leadership on the global stage. We believe the regulatory risk will continue in the socially sensitive sectors of property. And healthcare, we don’t expect the government will push these sectors to non-profit either”. Another important part that Mark Haefel discussed is directly related to Microvast: “Offshore equities are pricing in a higher risk premium. This is likely to linger in the near term. However, we think Future returns will be largely driven by earnings growth (mainly from cyclical and value sectors) this year. We recommend investors cherry-pick stocks across sectors that are supported by earnings growth but have limited regulatory risk exposure. Our preferred sectors include consumer durables and services, energy, and Greentech.” + +In the short term, who knows where the stock price can go, however, if Microvast delivers on their promises, we will most likely see abnormal returns. I understand the risk of companies operating in China, but what I particularly like about Microvast is that they are diversifying away from China with their factory in Germany and one incoming in the United States, they will be on three different continents, which is worth something to my eyes. + +Let’s summarize what has been said before with a SWOT Analysis + +SWOT AnalysisStrengths: + +Ø Unlike competitors who redesign existing batteries to fit them in EVs, Microvast has designed its batteries from the ground up specifically to address the problems facing EV batteries. Every step of the manufacturing process is controlled by Microvast, leading to higher quality and lower-cost products. + +Ø Researchers from Microvast have developed a novel high-power battery technology that has a higher energy density, longer life, and safer operation than any other state-of-the-art lithium-ion battery on the market. The system is built from four breakthrough technologies and could potentially be used in plug-in hybrid electric vehicle and fully electric vehicle markets. Because of its many benefits, the technology has the potential to also enhance the performance of lithium-ion batteries used in cell phones and other smaller-scale applications, as well as in electric grid applications. + +Ø $ 1.5B total contracted revenue in Pipeline through 2027, which will help Microvast to grow revenue at an expected CAGR of 87% from 2020-2025E + +Weaknesses: + +Ø Being a “Chinese company”, U.S investors might not like it as much as a U.S company. + +Ø Portfolio Managers being scared of investing in SPACs or even the “deSPACs phase “after the SPACs controversy in the beginning of 2021. + +Opportunities: + +Ø There is three substantial untapped markets that Microvast plans on expanding their products offering to; Passenger Vehicles (PV), Energy Storage Solutions (ESS), and Battery Components (Consumer Electronics), which could expand their TAM by $45B. + +Ø 2021: Begin Battery Production in the area of Berlin, Germany + +Ø 2022: Begin Battery Production in Clarksville, TN + +Threats: + +Ø Susceptible to disruption, many companies are trying to improve EV batteries and might not need Microvast in the foreseeable future. + +Ø The Prices of Lithium-ion batteries have been plummeting over the past decade, and that trend is expected to continue in the coming years, which could impact Microvast’s profit margin. + +Ø Other companies are working hard on lowering EV battery costs, one or more of them could make a battery substantially cheaper than Microvast. + +To conclude, I believe the growth opportunity in the commercial EV battery sector is impressive as well as somewhat predictable as it makes sense for companies to go electric economically, financially, and environmentally. Microvast is well-positioned to capture a great portion of the total addressable market of $30 Bn and has the opportunity to dramatically increase their TAM if they expand their business to consumer electronics, passenger EV batteries, and energy storage solutions market. The fact that Microvast went public through a SPAC merger less than a week ago gives retail investors an edge to generate alpha as analysts have not started to cover the company yet. Microvast also fits the criteria of sustainable investing, a trend that is not about to die anytime soon. Overall, Microvast has everything it needs to become a successful company; it now just needs to deliver on its promises. + +So, the real question is: does the upside outweigh the downside? + +You tell me. + +\*\*Disclaimer + +I own shares and warrants of MVST. + +I am not a financial advisor, this should not be used as financial advice. + +\[1\] Wedbush presentation 4/8/2021 +Apparently r/ethereum isn't very active and can't post to r/CryptoCurrency + +I am surprised there is not more discussion about the coming ETH supply shock post merge. + +I'm not sure what the short term implications on ETH price and gas fees are going to be. But long term, the issuance will have to equal average burn rate; as there is not an infinite supply to keep burning. + +The estimated ETH issuance will be around 1,600/day. Currently we are burning around 10k ETH a day (current issuance 14-15k). With the current ETH burn structure from EIP-1559, burning 1,600 ETH/day would require an average base fee of 16.......with half full blocks that is only 606,000 transactions per day. + +Using the current network demand of $60,000,000 in fees per day; for 600k transactions to produce $60 million in fees, the ETH price would be $37,500 with an average transaction cost of $99.00. + +https://preview.redd.it/boaqm1gi6ly71.jpg?width=271&format=pjpg&auto=webp&s=32dfa352b5be03438df61928e88c01ae39748260 + +&#x200B; + +EDIT: + +Once "ETH burn" == "ETH issuance" (\~1,600 a day), the price of ETH will need to increase by $625.00USD/ETH for every $1,000,000 USD network demand. If layer 2's are willing to spend $100 million USD for block space, the price would need to be $62,500 per ETH. + +&#x200B; + +EDIT 2: + +Issuance rate can be adjusted by increasing the amount of ETH staked (also, I think sharding will also increase the issuance independent of ETH staked, but not 100% sure) +Should we end on-going weekly subsidies for bridge development (currently valued at 300K Donuts per week being paid to the developer working on it), and instead offer a 500K Donut reward for successful delivery of a bridge? + +1 - Yes + +2 - No + +EDIT: To clarify, this is not an actual vote. The voting poll will launch in approximately 2 days. +This has happened multiple times in the past few months, and every time its the same outcome. Every single time XRP has surpassed ETH as of late, it never holds for more than a few hours at best. + +That is the absolute best time to open and start loading up your XRP shorts, because in just a short while, you're going to walk away with profit as ETH always regains the number 2 spot sooner than later. + +Easy money at its best. Thanks Ripple! +I'm setting up an automatic transfer of $2,000/mo (that, $5,500 into my IRA, and 25% into 401k = 73% savings rate. yay!). Vanguard has options to do it weekly, biweekly, or once a month. Does it make sense to split it up into weekly deposits so that I avoid obscure dips, or do I just want my money in there as quickly as possible? +This post is in continuation of a series of posts I made in the previous weeks. The response I received was amazing and a lot of you were asking for continued weekly updates. I have also added the Week-on-Week stock price change due to popular requests. + +The market, in general, has continued to rally strongly and it has been a pretty good week for investors. The top growing stocks I [shared last week](https://www.reddit.com/r/wallstreetbets/comments/ntlyqy/i_built_a_program_that_tracks_mentions_and/) had made an average return of 6.6% with Workhorse Group making a whopping 19% return in one week! Now, let’s jump right into this week’s list! + +**Most Discussed Stocks of the Week** + +https://preview.redd.it/p9znai9z91571.png?width=1042&format=png&auto=webp&s=064000d3d54a7e847dc1bec4905f9380db5e05c8 + +AMC and BB are now the top 2 most discussed stock! Both generated almost the same amount of discussion, but investors, in general, were more bullish about Blackberry as reflected in the sentiment. The returns on both the stocks were muted with AMC and BB returning just 3% and 2% respectively. ECommerce platform ContextLogic(WISH) had a wild ride with the stock rising 90% and then dropping 46% over the next two days. Investor returns wise, Clover health is the front runner returning an insane 67% in one week. Also, Tesla dropped out of the top 10 list for the first time in 2021! + +**Top Growing Stocks of the Week** + +[ ](https://preview.redd.it/s5j78yn0a1571.png?width=1233&format=png&auto=webp&s=241763eda48057740436f648ba342b56a7999cd4) + +Above is the list of stocks that have exploded in the number of mentions throughout social media. + +**Wendys($WEN):** This was definitely a long time coming. Wendys shares soared more than 19% on Tuesday after the company became a meme stock in Reddit. There was no new fundamental news from the company that changed the investment perspective other than an announcement that the company will bring back its popular Summer Strawberry Chicken Salad. + +**Clover Health($CLOV):** had its best week yet since inception with the stock returning 67% in just one week. Reddit investors sparked another rally with the stock price soaring more than 200% and then fell sharply! The stock was trading at 6 times the normal volume. Even though the company has an optimistic business model, the current rally was predominantly driven by CLOV’s high short interest (43%)! + +**Senseonics Holdings($SENS):** $SENS exploded in mentions and the stock jumped 22% during intraday trading without any new news from the company. Its a small Maryland-based pharma company, which specializes in the development of products made to ease the burden of diabetes monitoring. The company had announced news of a promising trial but that was long back. The current rally was majorly based on its short interest (25%) and increasing chatter! + +**Clean Energy Fuels($CLNE):** $CLNE had a wild week with the stock shooting up 31% on Wednesday due to the retail crowd but then promptly tumbled 17% in Thursday afternoon trading. The drop was due to the information that its largest shareholder reduced their stake in the company by 1.25 Million shares. The retail crowd is still extremely bullish on the stock as seen by the sentiment. + +**Invesco Mortgage($IVR):** The company had a spectacular crash at the beginning of the pandemic with the shares losing almost 90% of its value. It has been growing slowly over the past few months. The stock was trending in relation to the current uncertainty regarding inflation rates and how Fed is going to adjust its rates. + +**Honorable Mentions:** ContextLogic($WISH) chatter grew by 487% and UWM Holdings($UWMC) by 373% but were not high enough to make the top 5 list. Another interesting finding from my program is that mentions of CPI (Consumer Price Index) grew by more than 900% last week showcasing the rising discussion about inflation and its impact among investors. + +Hope you enjoyed this week’s top stocks issue!   + +*Disclaimer: I am not a financial advisor.* +I am a college student who doesn’t have a lot of money but when I want to invest a little of my paycheck I buy Bitcoin and HODL! Anyone else do something like this? +FTX owes customers and other lenders, close to 83,000 BTC but does not have any left on the books. If it were to fulfill its obligations, it would require buying and sending $1.4 billion worth of BTC. This is obviously not going to happen but at least there isn't any BTC to dump. + +FTX has, in essence, been responsible for liquidating 83,000 customer's BTC. This sell pressure was the product of illegal use of funds. That's 83,000 BTC that were intended to be held but has been dumped on the market. + +How many other exchanges have leveraged customers' assets and have been liquidated? +$CUMINU is worth checking out. $7M valuation planning to make the next international NSFW hub. + +- PornHub adverts starts 24-48hrs (banners etc) + +- CMC: https://coinmarketcap.com/currencies/cuminu/ + +- $7M valuation + +- 90% Liquidity locked 2 years (no rug pull capable) + +- No 2%+ big wallets + +- Team tokens locked (they own 10%, 50% of that is locked for a month) + +- More than 30x until $CUMMIES Cum Rocket market cap. + +- Active interest from major influencers in the NSFW space. + +- Valid business model which allows us to deliver value to everyone involved + +- ETH chain for main coin (stability), BSC for currency (cheap transactions). Fees from tips burned into ETH chain. We charge our stars 50% less than any current platform. (10% versus OF 20%) + +- Some current models on board: Tasha Reign, Lacey London, Blair Williams, Allison Parker, Yvonne Bar. + +- Next model to be announced has 14m+ followers. + +- UpNextCrypto and TheCryptoRoom on youtube will be dropping a video on us as soon as theyre done. + +- Current 10k Giveaway to 3 holders is active, twitter influencors to promote it today. + +- Aim to get listed on CEX ASAP. + +- Team is always working hard to deliver and everything so far has been self-funded by the Dev. + + +Cons: +The only real issue currently is the marketing delays which are out of our control as creators have been late so no more specific time frames will be given now to avoid dissapointment. + +Needs people fluent in other languages to help spread the word to non english speakers (chinese, russian etc.) + + + + +What their platform is going to offer: + +Cams +It’s just as the name suggests. Your favourite amateur stars on webcam hosted by $CUMINU. Models will be booked and tipped in $CUMINU tokens. $CUMINU will charge a 10% transaction fee. + +Content +Models will be able to host a profile on $CUMINU that has a range of unlockable content. These will include photos and videos, private message requests and even NFTs. + +Ama's +Plans to host fortnightly AMA (ask me anything) with the biggest names in the industry. The sessions will have tiered membership determined by number of $CUMINU in the holder’s wallet. Viewers will be able to purchase $CUMNIU before the AMA and tip the model throughout the session. + +Benefits +They are going to charge 10% on all transactions through the site. Then use those funds to buy back the $CUMINU and burn them. This makes the token deflationary. OF isn't for all the degens as you have to give ID and hand over your credit card details. Being able to visit these sites and tip in crypto will be a big win. They’re going to auction NFT's of the models during the AMAs. There are some crazy fans out there. Like the fanboys who buy $1m worth of bella delphines bath water a month. This has the potential to go viral and the AMA's blow up into big events. + +Roadmap +They reckon mid June for the site to be up and running and host their first AMA after with Tasha Reign soon after. + +Outlook +This is not financial advice but looks to be an easy moonshot (consider cumrocket). Liquidity locked. Team tokens locked. No whale wallets. Massive stars onboard. They'll use the profits to buy back tokens burning them making this deflationary. Just hold and ride the news highs. + + +For more information: + +Chart: + +https://www.dextools.io/app/uniswap/pair-explorer/0x7b412f141996411401f57e2ba1bc2235af807d4d +Website: http://cuminu.io/ + +Telegram: https://t.me/CumInuToken + +Twitter: https://twitter.com/CumInuToken + +Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0xd6327ce1fb9d6020e8c2c0e124a1ec23dcab7536 +Hello guys and thank you again for checking my DD. + +CTXR + +Today has been a very successful and promising day for this company. As we have upticked from close yesterday with 4x volume from the previous close. Market Cap up almost 100% from yesterday as well. + +The $2.00 wall was a breaking point for me. I truly trust this process if we can hold above $2.00 through the weekend. + +We still have many baby steps to hop through to get this to $4.00. + +We have support sitting around $2.00 as I am writing this as the tables have now turned from selling at $2.00 to buying at $2.00. + +A huge buy wall sits at $2.00 meaning the new support is looking to be around $2.00. + +**Current:** + +Volume: 126.03M + +Avg Volulme: 19.95M + +Market Cap: 172.5M + +\^\^\^ YEA WE HAVE EXPLODED PAST THE PAST DAY BY MASSIVE NUMBERS!!! WE ARE 6x the average trading volume as yesterday was only 2x. If we push through above $2.00 through today we will see very positive things moving forward in the following week. Starting with Monday. + +*Disclaimer: 21,000 shares @ average $1.50* + +*I am not a financial advisor nor is this financial advice. This is strictly free information for you to be informed on the stock.* + +&#x200B; + +[TOO THE MOON UPDATE!](https://preview.redd.it/wsfsd6difii61.png?width=582&format=png&auto=webp&s=3b3b1d750a2b9c7ed90f3081d1c7b9d64c132229) +The last week or two has seen /r/bitcoin turn into /r/HateOnGarza... and perhaps that's completely warranted. There is a self-inoculating theme among the Bitcoin community to quickly and sometimes viciously attack anyone who may be a "scammer." This is a good thing - it is our community's defense mechanism. + +But like any auto-immune reaction, however, it can get out of control. Even if Garza is actually a witch, let's not allow ourselves to engage in witch hunts. Let's not act like an angry mob. + +The recent move to boycott the Miami Bitcoin Conference, merely because Garza is speaking there, is going too far. We do not need to fear speech, even the speech of alleged fraudsters. Are we so gullible that we're worried his silky words will convince us all to dump our BTC for sparkling Paycoins? + +Garza may be a terrible person with a terrible scheme to defraud his cult. But whatever damage he does to the people who follow him without rational skepticism, let's not make that damage worse by destroying an important industry event. + +The argument that if Garza speaks, he'll damage the credibility of our entire industry is a stretch. + +But what may actually damage the credibility of our entire industry is if people visit /r/Bitcoin and feel like it's just a bunch of adolescent witch-hunters. + +Let Garza speak, and let there be a healthy Q&A session for him to confront legitimate, professional questions about the viability of his projects. Don't bring down what will be an invaluable conference over the controversy surrounding one speaker. + +We should not amputate an arm merely due to the cut of a finger. That is an auto-immune reaction gone too far, and one which would do more harm than good. +Hi I am a 25 year old recent graduate currently making a $63,000 annual salary in the engineering field. I was talked into financial planning services from a friend who's company works under the parent company Mass Mutual. + +I was skeptical at first because they sell whole life insurance and claim to also be financial advisors. I didnt like the thought because obviously there is a conflict of interest. I know they make money off of commission from signing up people to their plans. When I hired them, I told them specifically that I did not want a whole life insurance policy. Im very against it and think money could be used better in other investments. I told them I only wanted financial advising which they charge an annual fee of $1000 to do on top of trading fees, percentage of total investment, etc. I figured it couldn't hurt because I could see what kind of returns I get the first year and then continue or leave accordingly. + +When we first started the process they get me scheduled with a check up to see if I qualify for long term disability. They told me the check up was only for that. After I qualified they told me to get the insurance through Mass Mutual without even showing me other competitors rates. when I asked them why we were going through MM they said cause it had the best rates. After I signed up for this they then proceed to talk to me about getting set up to save for retirement. Keep in mind I am perfectly ok with living off of 50-60k a year in retirement. They never even asked me how much I want to live off of after I retire. All they do is give me two retirement saving options to choose from. + +Both options get me to the same amount of savings in the end but one involves I set aside $750 monthly and the other involves setting aside around $1600 (about half of my take home pay). Coincidentally the one that involved lower monthly payments was a whole life insurance option which they told me I qualified for because of the medical check up I did for long term disability. The $1600 option involves them setting up a brokerage account for me where they will manage my account for me with an expected return of ~5% annually. + +I have never heard of anyone my age having to save 50% of their income to have enough money in retirement and think they are just trying to collect trading fees and commission. I dont know anything about retirement or how much I need to save but I find it hard to believe it would be this much. They never even talked about trying to max out an IRA or anything like that either. Can anyone give me some insight and opinions on this company? + +Edit: paragraphs. + +Edit 2: Just wanted to give a quick update that I just sent the email to this company notifying them of the termination of the agreement. Thank you for everyone who responded and gave more advice. I really appreciate it. I do not mind any blunt or harsh words whatsoever because it helps it stick in my head more what a mistake this was lol. I'll try to start getting g through some of the comments +Today on CNBC a man spoke at 2:50 PM EST advising to sell your shares now due to the run up. Same individual said he would only be interested if it trades over the 200 MA. + +Translation: Once we get over the 200 MA, this thing is going to flyyyyyyyyyyy. If you look at virtually any chart, there is literally no resistance until 12.50. We are basically knocking on that door. You go past that and its 18 and then its 25. Once we hit 25, we are completely out of any arguable resistance. + +We actually got an instant knee jerk reaction from this statement too: + +&#x200B; + +https://preview.redd.it/do2dafkkkjg91.png?width=1594&format=png&auto=webp&s=1c3c767d86e29bc703f2674a30ac4552f959aa42 + +Theres actually an interesting support going on here just below 11. Low of the day is 10.76 and was tested a few times here unable to shake it. Tested 10.82, then 10.77 and the stock just can't seem to trade under this 10.70 area. Why? Its a buying point on the day and on the week. + +So where is that 200 day? + +&#x200B; + +https://preview.redd.it/xafz0esykjg91.png?width=1601&format=png&auto=webp&s=02ed6ab44c80942f389e906746cda83ccadc9d47 + +14.77! We have not even tested this level yet and new price floors are being put in as we speak in the 10/share to 11/share range here. But everyone knows where this is going, and its not back down. We might get some wildddd swings over this next week, but are we going back to 6? 7? 8? 9? 10? Maybe in your dreams as you sleep on your bed bath and beyond sheets and bedding. + +&#x200B; + +https://preview.redd.it/od3k9xw0mjg91.png?width=1595&format=png&auto=webp&s=290336e025816c4a7d5044d8790f38e01728f92f + +Above here we crossed into the previous floor of about 12.50. It actually breached it going all the way to 13.29 before cooling off. Now I play alot of SPY and these resistance and support zones are just flat out important. Once they get breached, its an incredibly bullish signal the stock wants to not only repeat that price but exceed it. + +If you don't believe me, see SPY: + +https://preview.redd.it/mtjfpvhsmjg91.png?width=1597&format=png&auto=webp&s=0ac953fd9ca0bd426de06b920bd490838abb289d + +All last month it was a debate if SPY could fill that gap on the yellow line. It even touched it and retreated back just to exceed it not even a short week later. + +Now old resistance is support and that is only growing here on the broader market. Absolutely no one in their right mind thought this possible with the mix of negative GDP, high inflation, unimpressive earnings reports and housing declining. Everyone was caught off guard, it must have been one of the longest running loss porns I'v seen all over WSB with destroyed accounts betting against the market. But all this could have been avoided by acknowledging the strong af uptrend. + +So now, if I had to guess, shorts are probably piling in given the CNBC signal. No one goes on that show without a personal interest in the stock they are talking about and its not hard to determine the guy saying sell is either short or actually looking to start a position because of FOMO. + +&#x200B; + +Here are your financial advisors suggesting you sell immediately: + +[Admits if it holds over 10 which it obviously is, its going higher. But you should sell? ](https://preview.redd.it/fqzxb7zvnjg91.png?width=1348&format=png&auto=webp&s=417f4b338e40090065932903a74843bcda0691dd) + +&#x200B; + +https://preview.redd.it/tzh9vwaaojg91.png?width=1520&format=png&auto=webp&s=65e57630d5ae6dcf59463c9ae95b30f79346ed3b + +&#x200B; + +https://preview.redd.it/pyc46y9fojg91.png?width=1306&format=png&auto=webp&s=7b90a305b3229ffe6a2f2db4e1d80c9d42077e0d + +&#x200B; + +[Follow this advice and you'll never grab a 10 bagger, but you'll buy from the guy that bagged 10 bags ](https://preview.redd.it/5pfhleimojg91.png?width=986&format=png&auto=webp&s=8e96fa4e46a12793a5b7f9e2e15d992fc4e49540) + +FOLLOW THE MONEY + +&#x200B; + +https://preview.redd.it/yfxqouazojg91.png?width=705&format=png&auto=webp&s=113d49f8ed9f0e85b2ad2eed2fcf19d2b3f27962 + +TLDR' + +Don't become a victim of the "financial advisors" and dont' sell yourself short. All these same people were calling on the broader market to utterly collapse back in July. What a flop that was. Now they are telling you to sell BBBY! Hmmmmmmmmmmmmm for the first time in financial history rich people have the regular guy's best interest in mind? I think not. + +Price target ain't changed. 7B market cap easily on the table and we still under 1B :) + +Yes I know the stock just closed at 11.41, hope you got those discounts while you could! +Hi All, I'm looking for some advice. + +I split up with my bf of 11 years a couple of weeks ago. This year has been very rocky and things just came to and end. He didn't really put up a fight so I believe he wanted it too. + +He brought up living arrangements and we agreed to be roommates for now. But I'm finding this quite difficult. It feels as though I'm being watched all the time. He could feel the same I suppose. + +We have had the mortgage for almost 4 years (in jan). He wouldn't be able to afford the mortgage on his own, I might but it would be very right and it would be difficult to buy him out. I've been thinking of asking him to buy me out possibly, as I think I'm entitles to less, and getting himself a roommate. I'm not sure. + +Does anyone have any suggestions please? Will we have to sell? + +Thanks! +I recently came up with an unusual theory: if I withdraw 3.14% of my capital each year and borrow the rest on margin (upto 4%), would that enable me to maintain a 4% SWR [without sequence of returns risk?](https://www.reddit.com/r/fatFIRE/comments/qm5m3d/learning_from_warren_buffett_and_his_sausage/hjhdtbp?utm_medium=android_app&utm_source=share&context=3) + +I reached out to BigERN, [who gave me a tacit thumbs up.](https://twitter.com/DoudnaReeve/status/1456704310109081607?t=RmP5vgut0YU0dpBcpDkyqw&s=19) + +He then proceeded to write an entire post about it! Sharing here. + +https://earlyretirementnow.com/2021/11/16/leverage-in-retirement-swr-series-part-49/ + +Seems like this strategy would have protected against our worst downturns - 1929 and 1965. + +A further evolution of this strategy - where you only draw on margin in down years - would make it even more bulletproof. + +Curious to hear folks' thoughts... + +Edit: swr means safe withdrawal rate +Pretty simple question. The website I use to file online charges $12.95 to file a state tax return. Louisiana owes me $10, so if I file, I'd actually be losing a few dollars. It's just a couple dollars, so I figured screw it, they can keep the $10. But I just got a letter asking me where me tax return is. My question is whether I will get in trouble for not filing even though they're the ones who owe me money. + +&#x200B; + +EDIT: Thank you all for the answers. I'm sorry i couldn't respond to everything. I got tons of great advice and information. Thank you all. +Hi there! I’m from the UK and my mum has just died unexpectedly (my dad died a few years prior). No will was in place so everything has been left to me, including a £100,000.00 mortgage on a property valued at around £200,000.00. + +My mum had no life insurance and left around £30,000.00 in savings (to be split 50/50 between me and a younger brother), everything has been listed above. + +Am I able to sell the house and pay off the mortgage, keeping the rest? Is there anyway I can stay in the house? Do I take the mortgage on? + +Please, any help would be appreciated as I’ve no idea where to move forwards. +So I made almost all of my portfolio funds with bitcoin after I bought in at about 600$. I recently transitioned almost entirely towards ETH because of he huge technological advantage and development team. I wanted to be ahead of the trend so that I won't miss Ethereums big launch towards the moon once people realize the hurdles bitcoin is facing and how ill-equipped they are to adress them. + + +With the recent influx of noobs getting into bitcoin because of FOMO, I think it's only a matter of time before the noobs start getting nervous and informed about their investment. I was browsing r/bitcoin today and what I saw was quite encouraging. Thread after thread pushing for wider adoption of segwit and panick regarding the lightning network. This is going to confuse the noobs and make them lose confidence in bitcoin unless bitcoin handles its growing pains perfectly...which I strongly doubt. + +I think that this is great news for ethereum and we might start to see some really big gains. + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I know some folks think centralized stable coins are the devil, and yes, they sort of suck. The owner of the smart contract can basically do whatever they want to your coins. They sort of take the "decentralized" out of "decentralized finance." But consider that most people aren't going to use stable coins as an actual Store of Value (SoV)- especially with those kinds of characteristics. They're going to buy just enough to perform an economic transaction on Ethereum in stable value, and then exit it back out to their bank account, or perhaps keep some available as a Medium of Exchange (MoE). + +&#x200B; + +But to me, what's important is that *these stable coins will help to bring more commerce to Ethereum, and more value collateralized on the network.* The confidence of real USD backing these coins is going to be what is needed to get some legacy types off of the sidelines and into the game. + +&#x200B; + +So are these centralized stablecoins going to kill alternatives that are actually decentralized, like Maker Dai? I don't think so. There is going to be plenty of demand for a stablecoin that can't be frozen at will by a third party. Separately, what I find fascinating about Dai is that it can do exceptionally well even if it is never used as the stable coin of choice- simply because of the ability to borrow against your ETH. + +&#x200B; + +Now could stable coins (including Dai) usurp economic activity that might have otherwise been denominated in ETH-terms? I think the answer here is *yes*; however, I don't think we should view this as a binary situation (i.e., it's all got to be stable coins or it's all got to be ETH). I think ETH will continue to be a very popular MoE, and will become an even more popular SoV over time (especially under Proof of Stake with reduced or negative inflation). And remember: stable coins are going to bring more economic activity to Ethereum, which is a very good thing for Ethereum and ETH overall. Also, I do think you'll start to see vendors / dapps on Ethereum price things in floating ETH terms though (allowing for ETH prices of say a digital good to float, based upon the current USD value). Why? Because this movement is global, and everyone needs some ETH to participate. You can be pretty sure your users will have ETH, but you can't necessarily be sure they'll have any other token in their wallet. + +&#x200B; + +In short, I'm not worried about stable coins centralizing all economic activity and taking over the banking / money layer on Ethereum. They're just another way to participate, with substantial drawbacks that are not going to be attractive to many people. Many will prefer to transact in Ethereum, or other properly decentralized currencies. + +&#x200B; + +I don't know if we'll see the deprecation of the USD from its status as the world's de facto currency during my lifetime, but given geopolitical trends, I think we can expect to see major shifts here in the next 20 years. These shifts could potentially make it less important to transact in USD-terms globally, and open the door for thinking about the prices of goods in IMF SDR-terms, or perhaps even ETH-terms or BTC-terms. +I've decided to go all in with ETH and get rid of all my BTC. + +I don't think the infighting in BTC is going to be good long term. I think the way this hack has been dealt with in ETH shows good promise and I expect the price to bounce back. + +I'm in the process of dumping BTC but the process is painful, its taking forever. http://imgur.com/UpxkrUg +How does anyone make money selling cash covered puts? + +Seems like even if you had 20k to sell cash covered puts it ties up so much capital for so little premium that the funds would be better elsewhere? +Graph of this issue: +https://pbs.twimg.com/media/Df-Pag6W4AEj8Fi.jpg + + +During the longest bull market in modern history, the S&P 500 surged a whopping 418% over the 9.5 years between November 1990 and March 2000. + + +This was during the famous economic expansion that took place during the Clinton era, in which job growth was robust, oil prices fell, stocks soared, and making money was as easy as throwing it in the stock market. + + +In mere months, this famed bull market may lose its title as the “longest” in the modern era. + + +That’s because, according to data and analysis from LDL Research, the current bull market will take over the claim to fame in late August 2018. + +By looking at duration, total rate of return, and annualized rate of return, it really gives a sense of how these bull markets compare. + +The current run, which will soon become the longest, didn’t have the same level of intensity as other high-ranking bull markets. Critics would say that it was artificially propped up by ultra-low rates, QE, and other government actions that will make the market ultimately less robust heading forward. + +Regardless, the current run ranks in fourth place among the markets above in terms of annualized return. + +What Ended Each Bull? + +The market psychology behind bull and bear markets can be fascinating. + +Below we look at the events credited with “ending” each bull market – though of course, it is actually the actions of investors (buying or selling) that ultimately dictates market direction. + +1. The Great Expansion +The bull run lasted 9.5 years, ultimately capitulating when the Dotcom Bubble burst. From the span of June 1999 and May 2000, the Fed raised interest rates six times to try and get a “soft landing”. Market uncertainty was worsened by the 9/11 attacks that occurred the year after. + +2. The Post-Crisis Bull Run +Still ongoing… + +3. The Post-War Boom +This boom occurred after WWII, and it ended in 1956. Some of the sources we looked at credited the launch of Sputnik, Eisenhower’s heart attack, and the Hungarian Revolution as possible sources of market fear. + +4. That ’70s Growth +The Iranian Revolution, the 1979 Energy Crisis, and the return of double-digit inflation were the factors blamed for the end of this bull. + +5. Reagan Era +This bull market had the highest annualized return at 26.7%, but the party came to an end on Black Monday in 1987 – one of the most infamous market crashes ever. Some of the causes cited for the crash: program trading, overvaluation, illiquidity and market psychology. + +6. The Hot Aughts +Stocks did decently well during the era of cheap credit and rising housing prices. However, the Financial Crisis put an end to this growth, and would cut the DJIA from 14,000 points to below 6,600 points. + +How long do you think the current bull market will continue? +Yes I have posted about DMYD previously. Decided to dig deeper, and it has only strengthened my position. + +Investor presentation linked before DD: [https://static1.squarespace.com/static/5e33152a051d2e7588f7571c/t/5f98173a9643aa67a4ced693/1603802943090/GSG+PIPE+Presentation+%2827-Oct-2020%29.PDF](https://static1.squarespace.com/static/5e33152a051d2e7588f7571c/t/5f98173a9643aa67a4ced693/1603802943090/GSG+PIPE+Presentation+%2827-Oct-2020%29.PDF) + +As everyone has noticed, SPACs have put investors on notice in 2020. With massive liquidity in the markets today, tons of money has been flowing into speculative SPAC investments this year. Given that retail investors have no chance to profit from traditional IPOs that hit the market after a 100% run up (ABNB, DASH, AI, U, etc.) SPACs have presented an excellent opportunity to evaluate and invest in new companies before they actually hit the market. Personally, I have made fantastic returns through a number of SPACs. That being said, not all SPACs are created equal. Some legitimate mature companies and high growth disrupters have emerged through SPACs: Utz, DraftKings, ChargePoint, OpenDoor, Virgin Galactic, Eos Energy, and Butterfly are just a few examples. However, many SPACs are performance chasing the EV hype by pursuing multi billion dollar acquisitions of EV start ups with 0 revenue for the forseeable future. I say good luck. + +One SPAC with massive upside potential at a conservative valuation is DMYD-Genius Sports. First, who is DYMD? dMY Technology Group [https://www.dmytechnology.com/team](https://www.dmytechnology.com/team) is led by CEO Niccolo de Masi, the former CEO of Glu Mobile. De Masi has consummated 25+ mergers and raised more than $1B in funding for various ventures. He seems to have a knack for the mobile/gaming sector, as his first SPAC: DMYT is taking Rush Street, an igaming company, public. De Masi is a veteran of this sector, which makes Genius Sports Group an interesting target. + +Who is Genius Sports? Genius Sports Group is one of two large sports data providers (the other being SportRadar) that collects and sells live data to sportsbooks. This is incredibly important, as live betting needs constantly adjusted lines to reflect real time game updates. Genius Sports currently has contracts with the NCAA, PGA, NASCAR, FIBA, EPL, Bundesliga, and NBA, among other leagues, to be their sole or primary data provider. These partnerships have staying power, as these leagues are unlikely to change partners once they are locked in for multiyear contracts. Additionally, acquiring rights to official league data is expensive, thus making a high barrier of entry for new competitors. They have 220 customers including DraftKings, FanDuel, William Hill, MGM, PointsBet, and Caesars. Important to note: Genius takes 5% of revenues of events they cover from ALL sportsbooks. [https://geniussports.com/home/partners/](https://geniussports.com/home/partners/) + +Genius is above other SPACs due to its mature market position and strong financials. The company has been growing at a 30% CAGR over the last several years, with revenue growing 250% from 2016 to 2020 ($42M to $145M). 60% of revenue is recurring due to multi year contracts, and the top 10 customers only account for 30% of revenue, thus lowering flight risk of any particular customer. Genius is already EBITDA positive with 10% margins this year, and anticipates $68M in adjusted EBITDA (adjusted to ignore stock based compensation, a non-cash expense) with 29% margins in two years. + +In a year where sports were disrupted by Covid, Genius still grew revenue from $116M to $145M. They also successfully resigned their contract with the NBA, ensuring a multi-year partnership with the premiere US basketball league. Outside of the betting market, Genius’s ability to aggregate data has led to an interesting agreement with the NCAA. Until 2018, live data with college sports was incredibly inefficient. Genius signed a contract with the NCAA to create a new software: NCAA Livestats [https://geniussports.com/sports/sports-management/ncaa-case-study/](https://geniussports.com/sports/sports-management/ncaa-case-study/). This is a uniform software for all divisions of college sports. As a former college athlete myself, I reached out to some of the athletic support staff from my university. They raved about how Genius has improved efficiency and accuracy for college athletics. NCAA Livestats has overhauled the entire industry. + +I also think the NCAA presents the biggest upside catalyst for Genius: March Madness. March Madness was cancelled due to the pandemic last year, but betters placed $4.8B in bets on the tournament in 2019. Who has a monopoly on NCAA data? Genius. Who gets a 5% revenue share from ALL sports books for NCAA events? Genius. With the number of states with legalized betting doubling from 2018 to 2020, we could see upwards of $10B spent on March Madness this year. + +Along with March Madness, secular tailwinds for sports betting suggest high upside for Genius moving forward. 46 out of 50 states have either passed or presented legislation to legalize sports betting. As states such as NY, CA, TX, and FL legalize betting, revenues streams will swell. Data will become increasingly important in this industry as live updates are constantly moving betting lines for books. With multi-year contracts with half of the US’s professional leagues, Genius serves as an index for the entire industry. + +Additionally, with Pfizer’s vaccine approval, there is little to no risk of massive sports cancellations in the future. Genius still grew revenue during Covid’s massive disruption. I imagine that the revenue numbers for 2021 will be fantastic. + +Now let’s focus on the stock movement and valuation. Genius is valued as $1.4B, or 7.4x 2021 revenues. For a company with high CAGR and an industry with massive tailwinds, this seems like a fair, or cheap valuation. Note that Genius is trading at a steep discount to lower margin businesses such as sportsbooks Golden Nugget, DraftKings, and Penn. While investors have been chasing the next hot EV IPO, Genius has slowly climbed from $10 to $13. Last summer, a rumored FEAC-SportRadar merger led to FEAC pumping to $15+. SportRadar was worth $2.8B in 2018, presenting 60% upside from Genius’ current price to reach its competitor’s 2018 valuation! DMYD and Genius announced their merger in late October during a market downturn, thus letting it go overlooked. I think this is a sleeper SPAC that will have a massive influx of news in Q1, as its merger aligns with the climax of college basketball and the beginning of March Madness. A single Benzinga article pumped the stock by almost 20% last week. Imagine the upside when the broader market realizes they can invest in the data behind the sports betting industry. + +Personally, I am long $166k in DMYD stock, and have no intention of selling anytime soon. Always do your own DD, but I hope this post helps. +Ok, so many of you probably saw that we set a new record low on volume traded today. And I wanted to point out a few reasons why this is so fucking bullish I’m loosing my shit right now. + +1. DTCC issued the splividend as a traditional split (everyone knows this) if they issued it as a traditional split this means that there are 4x shares floating around as before the split. Volume should not only be 4x the previous volume but it should have added an extreme amount of liquidity to the market. + +2. Hundreds of millions if not billions of shares are floating around the market. And only 3 million are traded?!? Do you realizes how illiquid this stock is?? Everyone that has skin in this game and isn’t long GME is quietly loosing their shit. + +MSM will slowly be proven wrong about this whole saga and GME investors will laugh at their downfall. + +Everyone short GME, FUCK YOU. PAY ME. +Yes you read my title right. this market crash and burn is the best thing to happen to crypto for a while. + +sure most of us are down over 30%. sure it sucks seeing your investment of hard earned money (or not in some cases) capitulate. + +however that being said, the joy of watching all the armchair experts who have been in the space for 5 minutes lose their shit is simply priceless. + +call me evil, an a hole, machiavellian or whatever. but I am enjoying this moment of big old humble pie. crypto has been trending towards a meme, just another fad in pop culture. something you become a part of cos its cool, not because of the tech, disruption or any logical reason. + +we are going to see a lot of noobs and dweebs get cleared out from this space. + +we are also going to see a lot of scam coins, shitcoins, and downright terrible project disappear for the better. + +this is the massive clean up we have needed for some time. the markets, and I mean ALL markets have been frothing for some time now. + +if you truly understand and believe in crypto you will stay, and I will see you in 6 months time on the other side. + +to all the obnoxious morons who thought they were so clever getting into crypto for the culture, GOODBYE!!! and good riddance. +I look forward to obtaining an internship in the finance industry soon. Hopefully I can become part of a very lucrative investment firm. I understand that by being bilingual can put me ahead of others in the hiring process. Asai is an emerging market in the finance industry and so that's why I want to learn either Japanese or Mandarin. What language should I pursue? Difficulty is not a factor in my decision. I more or less want to know your opinion on which language would most beneficial. + +Edit: Thanks for all the insightful replies! +I often see comments as "oh it's only 5 dollars higher" when buying a call at the next strike with stocks that only have intervals of 5. + +% otm matters more than the actual dollar difference. a 60C with a stock that's at 55 is 10% otm which is a pretty big jump. remember that when picking your strikes. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi, I'm 25 and live with parents in Greater London. Salary between £30-40k. + +Currently I have \~£50k saved (mostly thanks to living with parents and working from home). + +**House Deposit** + +* £4k in cash lisa (+£1k bonus) (Moneybox) +* £10k in low interest savings account (will move £4k of this into lisa tomorrow when tax year starts) +* £20k in cash ISA + +**Investments** + +* £16k in s&s isa. (vanguard - global all cap) (long-term investment) + +I can therefore afford a property on my own of \~£220k. In Greater London this is well below the average house price for a 1-bed flat. + +My main concern is I have a lot of money in low interest savings and cash lisa/isa which will be losing a LOT to inflation each year. + +So assuming I wan't to stay in London, what do you think is the most appropriate way forward? + +1. Buy a property asap (within 1-3 years) in a cheaper area of London further out - This will move my savings into property so it's not sitting in a bank doing nothing. (move low interest savings to premium bonds for the time being?) +2. Don't worry about buying a property so soon (7-10+ years depending on the markets). Rent for the time being. Wait for both my salary and savings to increase. Invest the house deposit into low risk investments (eg. lifestrategy20) and move the cash lisa to a low risk s&s lisa to protect against inflation. Also, don't aim for sole ownership but wait to buy with a potential partner in the future. +3. Same as option 2. but don't invest the house deposit - just suck it up and accept the loss to inflation over the next 7-10 years. +4. Get a shared ownership property, which will allow me to afford an average property price now. +5. A superior recommendation by the clever people in this subreddit. +I am more bullish on ETH than any other cryptocurrency. It's my main DCA, I stopped buying Bitcoin to buy more ETH. I believe The Flippening will happen in the next 3-5 years. + +But I think that 20 trillion dollars market cap is bullshit. Forget ETH, I would be more than happy if the whole crypto market cap was that much by 2030. +The only way this could happen is if the US dollar loses massive value and I don't think it's possible for that to happen to a degree like in Venezuela, Argentina or even Turkey. + +I love my Hopium as much as the next guy but be sure not to overdose on that fucker. To see ETH at $180k we would need for the Money printer to go brrrrr from now till 2030 non stop. Don't even want to think about the prices of goods and services. +As a small investor if I had the option to buy a second property for rental income, am I better off just buying into a dividend paying stock or REIT? What are the advantages of owning a single-family rental property over dividend investments? +Hydrogen is the new Oil... Europe has so much offshore wind farms, they're now using the excess energy capacity to create hydrogen fuel. Now China is racing ahead to try and dominate another growing industry... It could also be that Europe and China no longer want to rely on a dirty fuel that's mainly produced by unstable and despotic regimes.... All while the US is being left behind, while supporting a dying industry. If Biden wins, start investing in Hydrogen businesses... Gonna look into options tomorrow for the following: + +Bloom Energy (NYSE:BE) + +FuelCell Energy (NASDAQ:FCEL) + +Plug Power (NASDAQ:PLUG) + +Ballard Power Systems (NASDAQ:BLDP) + + +[‘Hydrogen Wars’ Pit Europe v. China for $700 Billion Business](https://www.bloomberg.com/news/articles/2020-11-01/-hydrogen-wars-pit-europe-v-china-for-700-billion-business) +>We are aware of and actively monitoring the on-going market volatility in the options and equities markets and, consistent with our mission to protect investors and maintain fair, orderly, and efficient markets, we are working with our fellow regulators to assess the situation and review the activities of regulated entities, financial intermediaries, and other market participants. + +Via [streetinsider.com](https://www.streetinsider.com/General+News/SEC+Joint+Statement+Regarding+Ongoing+Market+Volatility/17873942.html) +So I’ve been day trading in the morning before work every day for a little over 8 months now. 75% of my days I make money. I tend to make between 0.5% - 3% of my position size. The sum of my positive days is around $25,000, but the sum of my negative days us about $24,000. The majority of my losses have come on a handful of days (maybe 10 days). Essentially, every 3 weeks I wipe out my profits with a single bad trade or day. + +My main question is, should this be something that is easily correctable, and if so how, or is losing all my profits every 3 weeks just an inevitable result of my strategy? Looking back on some of my very bad trades, one common theme is that I tend to average down or hold one to a trade way too long under the delusion that it will reverse. So I do know that I need to get better at cutting my losses and exiting losing trades. I do also tend to take profits quickly and let my losing trades ride too long. + +I really enjoy trading, and feel like I am on to something. If it were the other way around, and I lost money 75% of the time, I think I’d say counting on a few big wins is not sustainable when I’m losing money so frequently. So my thinking is there must be something I can do to preserve my profits better. + + +Any suggestions? +And almost all marketplaces start from content first, early on it doesn’t matter how good/ great the content is ... It’s all about the content, so when real buyers/ new users come in, they have something to look at, somewhere to spend time, something to buy, So if you believe you have any experience with nft/ design / art. You should sign up to nft.GameStop.com as content creator... + +Anyone and everyone with any experience should sign up. This will help us when buyers come in etc. + +On top, when we officially launch msm will be comparing our marketplace data to opensea / superare / foundation /bianance nft etc. so more accounts and content we have the better it will be for us! + +Edit - shills out there downvoting so please be careful out there. +Hey everyone; + +I’m looking at buying a block of land with the intent of building on it and had some questions for those with a bit more knowledge and experience than myself. + +Background Info: 29, f, earn about 54k a year, 9k owing on a personal loan, 21k saved as a deposit. + +Giving me limited borrowing capacity I’ve been priced out of my area (Regional Vic) over the past 2 years so that’s why I am thinking of going down the path of buying land first. + +On to my questions; +1. For those who brought land first; what was it like securing a construction loan when you’ve already got the land loan? My hope would be save up another deposit but then also use any equity on the land as well to make the deposit for the construction loan. + +2. There is a block that I’ve been eyeing that has dropped about 40k in price over the past 4-6 months. I’ve looked at the overlays on the property and it is zoned as low density residential with a Bushfire Management Overlay. It also will need an on-site septic system and there is no current connection points for power, gas and water. Is this enough to warrant the price drop or is there something else that I’ve neglected to look at? + +3. Some of the blocks that I have looked at have been quite narrow and small so if I was to buy the land I’d be looking at building a property that best utilises the space. How much change can I make to plans at say Metricon or Simmonds or am I better off looking at like custom-built (if that is even possible considering my borrowing power)? + +If you need any more info let me know! Any other suggestions or advice would be great as well because I am little bit lost. +Thanks guys!! +SO ASX keeps hitting record highs while countless retailers are closing down, interest rates are rock bottom and the east coast of Australia has had most of its trees burnt down. + +ELI5? I just can't understand how it keeps going up? + +Sincerely confused. +Australian employers slashed workers last month as government restrictions to stem the spread of the coronavirus forced the shut down of many industries across the economy. Unemployment held up as labor force participation tumbled. + +Employment plunged by 594,300 in April, compared with an estimated 575,000 drop, data from the statistics bureau showed in Sydney Thursday. The jobless rate rose to 6.2%, well below economists’ median estimate of 8.2% as participation plunged to 63.5% from 66% in March. + +Unemployment rate spikes from virus shutdowns +The underemployment rate rose to a record high 13.7%, up 4.9 percentage points, the Australian Bureau of Statistics said. The Australian dollar held declines on the day and was trading at 64.32 U.S. cents at 11:43 a.m. in Sydney. + + +The result comes as companies ranging from Australia’s two major airlines to casinos to department stores furloughed or stood down tens of thousands of workers as demand collapsed and, in many cases, doors forced shut. + + + +The Reserve Bank of Australia predicts the economy will contract 10% from peak-to-trough this year and expects unemployment to surge to around 10% by June. Governor Philip Lowe says hours worked will be a key metric to gauge the hit, as the government’s JobKeeper initiative that keeps workers attached to employers during the shutdown, and an expected fall in participation, limit some of the increase in the official unemployment rate. + +The government and central bank responded with a massive fiscal-monetary injection worth 16.4% of gross domestic product to support the economy. + +Qantas Airways Ltd. in March furloughed most of its 30,000-strong workforce and rival Virgin Australia Holdings Ltd. stood down 80% of its workforce. Star Entertainment Group Ltd. furloughed 90% of its 9,000 employees after the government ordered the closure of casinos and Myer Holdings Ltd. temporarily shut all stores. + +Retailer Premier Investments Ltd. closed all of its stores for about a month, standing down almost all 9,000 employees, while Flight Centre Travel Group Ltd. said it was furloughing 3,800 people. Tabcorp Holdings Ltd. stood down 700 workers. + +The initial closure of swathes of the economy had a dramatic impact on consumer and business confidence, with both plummeting in response. Sentiment regained some ground in the subsequent month, reports showed this week. + +Authorities success in flattening the infection curve has improved sentiment and allowed restrictions to partially be eased. The government aims to reopen many parts of the crippled economy by July and get 850,000 people back in jobs. + +https://www.bloomberg.com/news/articles/2020-05-14/australia-employment-slumps-by-record-594-300-unemployment-6-2?sref=s0L1qQ1H +I just got a job offer. Monthly take home pay is 1.9k. I'm seeing apartments close to the office (Northwest big city centre) for about 900. I really value independence and space. Should I go for it? +I didn't get a receipt from the pump. It was late and I wanted to get home. I checked my balance on my phone and it shows I was charged $58.00, instead of the $10.00. I only swiped my card once. Not sure what to do next without a receipt? + +Edit 10/5: Checked my balance this morning and it said the charge was only $10.00, the reason I was originally concerned was because it didn’t show the charge as pending, it showed $58.00 completed with only $1.00 avail with no pending changes. +Based on SimplyWallst, I dig through some data and noticed some changes. Last month, Instituiton ownership was 70% and now there is 2% more than last month. + +https://preview.redd.it/h7fyw2fnw3r61.jpg?width=1216&format=pjpg&auto=webp&s=00f4f2444d70f76d593e28f44ff53968a0186280 + +This is chart to show Top Shareholders and RC owns right after BlackRock which is the largest Investment company in the world. Beside, George Sherman who is current CEO has way lower than RC. + +https://preview.redd.it/o546klaow3r61.jpg?width=1198&format=pjpg&auto=webp&s=8103ff24e1cd8bdc0b19d37698c8a5607a1111e7 + +Therefore, by looking at this Top Shareholder data, I believe RC will be soon take over CEO position of GME and I am looking forward to hear his public announcement. And we see you in the moon! 🚀 +Hey guys, + +I think the market is leveraged to the tits. Look at this chart of margin debt (the debt traders take on when they buy on margin): + +[Slight decrease for July. Is this the top?](https://preview.redd.it/ie8yvk4z98k71.png?width=1058&format=png&auto=webp&s=2a971aa35489ebba11b09d1f60d523deed5f111a) + +Margin debt is insanely high and correlates super strongly with the S&P500. + +If my limited brain is correct this would mean that we're in an epic debt bubble. + +July 2021 was the first time margin debt decreased since March 2020. + +Typically this is bearish indicator. We could quickly get into a vicious cycle of market drops > margin calls > liquidations > more and more drops and so on. Look at all the leverage in the market dudes. It's crazy. + +Or am I crazy? + +I'm just a noob so please, if somebody who knows more about this, enlighten my smooth monkey brain. + +Here's a link to an article with more complicated words [https://fortune.com/2021/08/24/stocks-margin-debt-decline-bear-market-indicator/](https://fortune.com/2021/08/24/stocks-margin-debt-decline-bear-market-indicator/) + +Thanks guys. + +&#x200B; + +UPDATE 9/20: I was wrong, although the market is in trouble rn. But margin debt is not a leading indicator. I'll keep learning and improving my understanding. Thanks for the interaction and for improving my understanding guys. [https://www.marketwatch.com/story/margin-debt-is-shrinking-so-will-the-bull-market-morph-into-a-bear-11629406622](https://www.marketwatch.com/story/margin-debt-is-shrinking-so-will-the-bull-market-morph-into-a-bear-11629406622) +So my Partner and I are hoping to buy our own place by around January 2022. We'll have 30K combined for a deposit (after April, we both have lifetime ISA's) and about 10k in savings combined after April. + +I am a teacher and my partner is an optometrist. A concern I have is that I have been doing supply work for about 2 years now. My weekly take home pay has been pretty consistent and my annual earnings (after tax) is around £17,000. My partner is around £25,000 (after tax). + +We are looking at properties around £200k and spread the costs over 25 years. How likely are we to get a mortgage based on our total annual income? We both have excellent credit scores and obviously there are a variety of other factors to consider. I'm just worried that me being a supply teacher will affect our chances negatively. + +Edit: Should be noted that after Easter this year I'll be fully employed by a school earning £24,000 pre tax + Hello everyone, with crypto looking quite positive over the past couple of weeks, I'm beginning to see some nice potential setups happening. With Consensus 2019 around the corner this might help initiate these trades and give us some nice gains, I've traded OMG for a long time and I'm currently looking to build a position from the bottom for the next bull run. It's been pretty rough for OMG during this bear market with very little price growth, however it looks like we might be coming to a turning point. If you guys are interested in my thoughts feel free to click on the link below. + +[https://www.youtube.com/watch?v=C\_OtpK1suX8&feature=youtu.be](https://www.youtube.com/watch?v=C_OtpK1suX8&feature=youtu.be) + +Disclaimer: Not financial advice, consider my videos as entertainment. +Augur way down, golem way down, eth way down, ltc way down, monero down, dash down, nem down + +ripple way up, stellar up, digibyte way up, bytecoin way up + +its seems a HUGE influx of money is moving out of these seemingly strong leader cryptos and moving into these weird low price speculative coins +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +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! + +Thanks for paying off my student loans. Really appreciate the faith you all have in the currency, but I've seen these spikes before and knew it was time to step out. I believe in Ether long term, and I also believe that it could go up a bit more. Just remember what people were saying about Bitcoin in 2011, 2013, 2014. This is the same mania, and I urge you all to take some profits. + + +Rather than full grown humans who think they’ll get more beginner investing advice if they say they’re kids? I’m starting to wonder what the percentage is... +Everyone is telling me to cash out. My friend has been telling me to cash out since January! He is saying to 100% cash out even, not just realize some gainz. + +I literally laughed. I would at least consider selling off maybe 10% or whatever, just seems dumb though. But selling off 100% of my stake? Just lol + +When the dust settles after the next reward halving, I'll at least consider what I will do with my stash. + +Shit is going to explode. + + +I've noticed that there have been a lot of reposts in here lately. This meme, for example, was posted 6 days ago by the exact same user and has posted it again today (thanks u/kytran40 for pointing this out): + https://www.reddit.com/r/Superstonk/comments/oe8463/hodl_my_beer/?utm_medium=android_app&utm_source=share + +There are also other imagines I'm sure you're all aware of that have been making the rounds time and time again. It's up to us to make sure that these posts are downvoted and reported to help make the sub less cluttered and focus on the newer content. + +Have a great holiday Ameritards and we will see you tomorrow for another day of trading! + +Edit: Thank you for the awards + +Edit 2: How many times have we seen this meme? : https://www.reddit.com/r/Superstonk/comments/oeaav4/when_moass_happens_ukeenfeed/?utm_medium=android_app&utm_source=share +Anouncement: + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program + +&nbsp; + +Imagine being Gamestop right now and knowing that a squeeze was coming but you weren't going to be able to capatalize on the event in order to grow your company even faster. Imagine then you file for the right to be able to sell 3.5m shares "at-the-market" that would be available to you when this finally goes down. They are going to make this the strongest balance sheet ever seen. + +Also to those worried in general the 3.5m shares is around a 5% dilution and the price as I speak is down 13% in premarket. You understand that this would make your shares worth 5% less over a period of god knows how long for them to sell these shares. We are getting a discount today and I for one will be buying the dip. + +&nbsp; + +If any of this is incorrect and it would not be possible for these shares to be used in this way please let me know so I can edit the post. Thanks! + +&nbsp; + +EDIT: The raising is also for a maximum of $1 billion so if this thing really does take off they aren't even going to need to sell that many shares. I would say they announced 3.5m to be on the safe side and ensure they have enough cash to really accelerate things but hoping they won't need to use it +Anouncement: + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program + +&nbsp; + +Imagine being Gamestop right now and knowing that a squeeze was coming but you weren't going to be able to capatalize on the event in order to grow your company even faster. Imagine then you file for the right to be able to sell 3.5m shares "at-the-market" that would be available to you when this finally goes down. They are going to make this the strongest balance sheet ever seen. + +Also to those worried in general the 3.5m shares is around a 5% dilution and the price as I speak is down 13% in premarket. You understand that this would make your shares worth 5% less over a period of god knows how long for them to sell these shares. We are getting a discount today and I for one will be buying the dip. + +&nbsp; + +If any of this is incorrect and it would not be possible for these shares to be used in this way please let me know so I can edit the post. Thanks! + +&nbsp; + +EDIT: The raising is also for a maximum of $1 billion so if this thing really does take off they aren't even going to need to sell that many shares. I would say they announced 3.5m to be on the safe side and ensure they have enough cash to really accelerate things but hoping they won't need to use it +Palantir won a 3 year, $44M contract to help the FDA. + +This is great news for the company since it reaffirms their software capabilities in the healthcare sector. They currently work with Merck KGaA and I suspect more healthcare companies will become customers with Palantir over the next year or so. + +Palantir also announced a continued partnership with the Greek gov with regards to covid. + +[FDA info](https://www.streetinsider.com/dr/news.php?id=17688772) + +[Greek Gov Info](https://investors.palantir.com/news-details/2020/Greek-Government-and-Palantir-Reaffirm-Digital-Transformation-Partnership/default.aspx) +Let me first start by saying I have followed this community for a while and implemented some of the good advice that is given. I generally think there are many positive aspects of reducing consumerism and having a healthy financial situation. + +I want to share some experiences I have with real life FIRE cases that has raised some eyebrows for me, and I want to start a discussion. Also pardon my non-native English! + +I have recently come across some people who have taken the road to FIRE to the extreme to the point where they appear to have basically zero quality of life and acting in a way that puts them at odds with most people they meet. + +One such coworker is a male in his mid 30s. He lives alone in a tiny appartment and has no car. This appartment is near a care home so he can eat the food that is delivered from there for a very cheap price (dont ask me how he made this agreement, I have never heard of something similar). At his job he goes to extreme lengths to steal clients from others, and them he bills them very aggressively. This has landed him in hot water several times and he had to pay back money for overbilling. He always have to be forced to take vacation. He doesnt seem to have any friends and spend every minute working or following his investments. + +He spends 0 time on continous training, which is mandatory in our field of work, he just refuse to spend time on anything that is not making him money. He never ever brings cake for lunch for the secretaries but always eats more than anyone else when someone brings free food. This is particularily offputting because he is the highest earner in the office. + +Basically this has made him a paria among coworkers. Recently the tax officed notified him that he is being investigated and he has to hand over his papers. There is suspicion that a previous intern reported him after seeing inconsistensies in his work. + +This whole situation has made me think a bit more critically about high earners that live extremely frugally. My coworker was probably a quite normal guy a few years ago. But making money became so enticing that he lost his moral compass. His behaviour has made him lose the respect of his coworkers and also put him at odds with the law. I seriously think he might end up in jail at some point. And it's really sad that he is among the only ones who have mentioned FIRE to me IRL. + +What are your thoughts on this? Is it a common phenomenon in this community? Does anyone feel some aspects of this is justifiable? + +Edit: +I see there are alot of people saying this isnt FIRE, just greed. I tend to agree. On the other hand perhaps it's a delusion to think that people with very high saving rate, who think of themselves as part of the movement dont have some of these issues. One example that I think Is more common than people are willing to admit is being seen as cheap by coworkers for never bringing anything for work lunch even though you are a high earner. + +And based on some other posts on this subreddit quite a few have experienced that partners have left them because of extreme frugality. +9-5 people, perhaps not living paycheck to paycheck, but someone who's not more than half a year of unemployment away from having their life turned on its head - These people are not going to get much better off by working, nor by saving money in the bank. They don't have wealthy relatives so there's no large inheritance coming their way and they definitely don't have the money for a downpayment on a permanent residence of their own. + +These individuals know this. + +So they put a little money into crypto, hoping to make it grow a bit, hoping to take charge a bit. This is money they've already been taxed on. It is a risky endeavor but they're assuming all the risk. It happens that they grow their $2000 worth of crypto into $5000 worth of crypto and they're ecstatic! - but here comes the government, it needs a cut. + +Why? Why now? Have they not already paid taxes on this money? The government assumed no risk. The money is still in crypto. Those $5000 can turn to $500 in a hurry. What happens then? Can they deduct it? Maybe, it depends on where you live. At best you can deduct only a small percentage of your loss each year. + +So, they have to pay taxes on the money they've made from the money they had already paid taxes on, even if they still risk losing all of it (+ taxes now). + +\-- + +If the government must tax crypto gains they had no stake in, make it happen ONLY when the gains go back to fiat or when they're exchanged into some other real-world asset like a car. + +Until then, it is play money, an unrealized gain (or loss) that the government has no business putting their noses in. Poker chips that have not yet been exchanged for cash. + +Sure, as India did, remove their ability to deduct anything. It's fine. As long as you don't try to tax their unrealized gains. Or do something stupid like taxing transactions... + +&#x200B; + +Edit - I know they only pay taxes on their gains, not their initial. +Enjoy your green energy gains! With Blue’s victory of senate approaching, do you think we’ll see a significant surge in green energy? 2020 saw a nearly 140% increase in price, how do you think 2021 will pan out? + +For UK/Euro investors: Looks like $INRG might be the fund you’re looking for, this fund shares many of the same holdings. Hope this was helpful :) +MCFE declared a special dividend and I, thinking I'm smart, bought 30 puts, thinking this will pay off nicely after the special dividend date. + +Little did I know, but the 30 strike puts I bought magicaly turned into 25.5 strike puts this morning. + +Chalk another one up to market tuition... +Prices are by definition, 'manipulated' because traders make money on price action in both directions. A trader's job is to force the highest possible trade before changing direction, hoping to create bagholders and then generate sentiment in the opposite direction to buy back at a lower price. That's what they are paid to do. Algorithms are constantly learning herd behavior so they can trade ahead of it. + +Investment funds exist to aggregate user money to make bets on the collective results of the world's traders, who are now mostly lines of code coded by mathematicians and statisticians. They trade on inside information and they all front-run the herd with misleading information or selective omission. As the investing public, we've all agreed that it's ok for them to cheat because they are cheating on our behalf in the form of investment savings, and pensions. We just ride the whale. For non-institutional traders like myself, we don't trade with a particular ideology. We just follow the whale. The funds are not 'smart' money as the media often claim. They are huge pools of money and their moves create their own gravity which affects the algos they own and benefit from. I apologize. They are 'smart' in the sense that they will always have information ahead of the rest of us. + +I would hope that the few actively traded funds who display their trades each day have demonstrated they are not particularly 'better' at this than you. They just have more money and can keep buying the dips or calling the top until it actually happens. As I said in another post, you're not necessarily worse than someone else, you just don't have a big enough account to offset your mistakes as they do theirs. + +The market will always go up because if it didn't, these folks would not be able to attract investor money. Over the decades, the market has collectively decided 7% - 12% is a good return because it's enough to attract new money into the hands of money managers and yet not high enough to discourage randos to try to beat it on their own - thus maintaining the illusion of a market. The price is the last trade, whether 100 shares or 1,000. + +You will always win in the long term if you just buy the broad market because it's designed to win. That said, if you're all in with the money you need tomorrow and you're riding out a correction, then that's on you. + +Source: Worked as a derivatives trader in the late 90s but computers do the job much better now. I trade with 10% of my account while the other 90% is just stuff I never sell and only add to. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +If you have contacted the support about not getting ETC along your lended ETH, here is a transcript of my conversation with them. Needless to say I am moving my funds elsewhere: + +Hello, + +I have not received the ETC corresponding to my ETH balance. Most of my ETH was in lending at the time of the fork. It seems like I am not the only user to complain about this issue. What is the rational behind that decision ? + +Best, +X + +__________ + +Hi X, + +The problem here is that one of the tokens did not exist at all before the fork. One could not be a tokenholder of ETH and ETC before the fork, because there were not two tokens to hold; likewise, there were not two tokens to loan out. The second token came into existence at a certain time and was given to whoever possessed the first token at that time. If your ETH was loaned out when the fork occurred, it was not in your possession. You had exchanged it for a debt of ETH plus interest owed to you. The borrower does not owe you anything possession of this ETH may have earned while it was in his or her possession; the borrower owes you only the ETH borrowed plus the agreed upon interest. + +Because loaned assets actually change hands, they may not even have been on Poloniex at the time of the fork. Suppose your borrower sells the borrowed ETH to another trader. This other trader uses their own BTC to buy it in the spot market. They then withdraw it to their own wallet. The fork occurs, and the trader now has ETH and ETC in their own wallet. Neither the lender, the borrower, nor Poloniex has any control over or right to this ETC. The trader is fully entitled to it. + +I hope this clarifies the issue. + +If you still have questions regarding this issue then please let me know by replying here. + +Best regards, + +Y +Poloniex Support + + +__________ + + +Hello Y + +Thank you for your answer. I fully understand your reasonning but I think that if the trader owed money in ETH and if ETH ends up being ETH+ETC than the trader also owes ETC. +Poloniex didn't announce anything of this kind to the lenders and this seems to me a clear lack of due dilligence. +Poloniex statement: + +"The Ethereum Foundation has proposed a hard fork in response to the DAO exploit, and the community has given this decision the green light. The hard fork will occur at block 1,920,000 on or around Wednesday, July 20th. +Since the selection of the winning blockchain is ultimately up to the miners, **we will follow the path determined by the miners and the community and make plans to deprecate the losing blockchain**. +As a Poloniex customer, you do not need to do anything. The migration will occur automatically, and your full balance of Ethereum will be transferred to the winning chain. Keep in mind that as we near the fork, we will be temporarily disabling deposits and withdrawals in preparation for the migration process. Trading will continue to operate as normal during this period. Once the network is stable and the migration is complete, we will enable deposits and withdrawals. +In addition, for those interested in keeping their tokens from the losing blockchain as a keepsake, we will support a one-time withdrawal of the deprecated tokens, provided that the losing chain is still functional when you attempt a withdrawal. Specific instructions on how to access your tokens on the old chain to follow." + +People who may have know that they could get "free" (no reimboursement attached) ETC by borrowing ETH before the fork had an inordinate advantage over the others. I hear traders are about to fill a complaint to SEC about this and I must say I really understand their views on this. + +Will poloniex make an official statement on this? + +__________ + + +Hi X, + +We read your comments and we understand that you are frustrated, but our approach was carefully vetted and is the only method that balances the ETC ledger. + +As we stated in our public statement, our ETC ledger must balance to zero, and this can only be achieved by crediting those in possession of ETH at the moment of the hard fork. Further, it is worth noting that most of the borrowers who borrowed your ETH, sold these ETH to a spot trader prior to the fork. If you take a moment to consider this, you will realize that the ETC should not be the responsibility of the borrower. +Our announcements contain information we have at the time they are made. If you feel we should have been in possession of better, more comprehensive ETH hard fork information that should have afforded for all possible scenarios including this one, consider contacting the Ethereum Foundation and asking them why greater consideration hadn't been given to the possibility of the losing chain surviving post-fork. That question was asked by us and several other exchanges, as a matter of fact, and the Foundation's response was that this was not a reality exchanges needed to worry about. This is further evidenced by all exchanges announcing, at around the same time, that they intended to follow the hard fork, making little to no mention of the losing chain nor to the coins on that chain. This was not a coincidence, but rather, proof that exchanges did not conceal pertinent information from their customers. +We hope this further explains why this matter cannot resolve any differently than it did. + + +Best regards, + +Y +Poloniex Support +Tl, dr: paypro bought an off-the-shelf smart contract and had that audited by a company for 500 EUR (they actually put the bill online, there is a reddit thread somewhere with links). All the parties overlooked a certain formatting in the original programming language (Java) that when translated and transformed into the Ethereum programming language (Solidity) lead to an incorrect address where the funds are supposed to go to. Since that address belongs to a random person, Paypro is now of course, how to put this delicately , fucked. Not only did they lose 1000 eth but more importantly the lost integrity, respect and customer faith. So now they are suing everyone to save face. + +-------- + + +The news are currently only in spanish, so the google translate one is the following one. +Original news (spanish): https://www.redeszone.net/2018/03/30/paypro-blockchain-error-programacion/ + +------- + +The cryptocurrency is a world of opportunities that can not be missed. Many have tried their luck and the result has not been as expected. The PayPro project has a lot of ambition: a decentralized bank based on blockchain. However, at the moment you can not say that they were lucky. They indicate that an error detected in the service code has caused the loss of all the capital that had been captured. The worst thing is that everything seems to indicate that it will not be possible to recover. + +The expectation of those responsible for the London-based service was to create a portfolio of financial services in the short term. A few days ago, an ICO was carried out worth 1,000 ethers . Taking into account the current quotations table, we would be talking about an amount close to 450,000 euros. So far, we could say that there is nothing out of the ordinary. However, the problem for those responsible for the service is that this amount has been lost. + +How can you lose that amount? The answer is very simple: a programming error. Those responsible for the PayPro service (we remember that it has an operational headquarters in Spanish territory) have indicated that a programming error has been found. This has caused that the amount mentioned above has been deposited in another direction. This corresponds to a wallet in the nobody has access. + +At this point, the accusations crossing begins. + +**PayPro has sued the company in charge of programming** + +As expected, since the blockchain-based service have already taken legal action against the outsourced company. That is, those in charge of carrying out the programming, since they believe that these are the culprits that the 450,000 euros have been lost. However, from the company indicate the opposite (as expected). + +From the service they wanted to explain in much more detail what has happened. They indicate that they wanted to send the address 0x132623d797FE61f8E1D1aE2aA17Fc997a4f9bf77 to store the money. However, the one that was finally used was 0x132623d797FE61De05De0aB5ec5E7A8380000000. As can be seen, it is far from what was originally contemplated. + +Indicate that the legal actions are justified, since they have entered a product that does not work correctly, and has been sold indicating that its operation was correct. + +**The ruling seems to be double** + +But the accusations do not end here. From PayPro indicate that the fault lies not only with the company responsible for programming. An audit company was hired to check the operation of the code. That is, programming passed a double filter. For this reason, there was no doubt that its operation was not adequate. + +Experts want to shed light on this problem. They indicate that in blockchain, a private key generates a public address on which movements can be made. However, what has happened is that a public address of which the private key is unknown has been misused. Hence, the money is known where it is, but totally inaccessible. +As in you exchange ETH for running dapps on the network. If yes do you think the price will drop as processing power gets cheaper or do you think demand will follow? +Hi guys, I would like to both invest in ether and use ethereum's distributed computing powers in projects but I feel like my bets cancel each other out. I'm wondering if I'm missing something here but this is how I see the world of ethereum and I was wondering if someone can give me a sanity check. + +assumptions: +As the price goes up in ethereum the transaction cost will also increase, meaning that at some point one of my projects may cost a fortune to run the exact same app. But I was told that the price of ethereum will go down as more people jump on to mine which mean that the ether I buy now may actually be worth a lot less when more people are using it. Almost like the opposite of supply and demand. + +So here's the question: Is there a ceiling on the price of ethereum (e.g. it'll NEVER reach $500/ether) because long before it reaches too high of a price my grandmother would turn on her windows XP box and mine down the cost? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Welcome to the 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, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +I like the idea of a Danish style mortgage system. + +In a nutshell, every mortgage in Denmark is matched by a bond (it helps that fixed-rate mortgages are more prevalent in Europe). The thing is, the bond can be sold or bought on the open market! + +So say your mortgage pays 3% interest and the reserve bank drops rates, then suddenly the bond that represents your mortgage becomes MORE valuable since it's harder to find safe investments that pay 3% after the cash rate drop. + +OTOH, the bond can become less valuable if rate hikes. E.g. if the reserve raises rates, and now your bond value drops from $500k to $400k then theoretical you can just buy the bond off the market and you don't have to pay the interest anymore! + +Even though Denmark's population is only about 6m, they have a very liquid mortgage bond market. What are some barriers to implementing this in Australia? + +I think the Danish model leads to great financial stability. Does anyone know more to share? + +In Australia, every time the bond changes hand it might trigger a CGT or stamp duty event. But laws can be changed, for example, I believe the laws have changed to allow Islamic financing of mortgages. +The FHSSS is a pretty weird and complicated way to dish out a small benefit, but it's still a benefit to some folks. It's coming up to the end of the first financial year so I thought I'd piece together how I see it being used. Obviously, personal circumstances can change everything so worth figuring it out for yourself if you think it's something available to you. + +Anyway, here are 3 not-very-easy ways to jump on this bandwagon if you can: + +**Step 1** *Find out how much you've contributed to your super since 1 July 2017* + +Easiest way is to login to your super's website and it should be there somewhere. If you can download your data as an excel file even better. + +You need to find two things: +* Total amount of concessional contributions made this year +* How much of that is employer compulsory contributions and how much of it is voluntary contributions either post-tax or salary sacrifice (*if any*) + +**Step 2** *Work out how much more you're allowed to contribute* + +There are two thresholds to keep an eye out for: +* The $15,000 FHSSS annual cap +* The $25,000 total concessional contribution cap + +So you can contribute up to $15k in voluntary contributions to use for FHSSS purposes, but you need to keep an eye out for going past that $25k annual concessional cap. + +*Example 1:* If you have contributed $12k in employer contributions (i.e. through work) and zero voluntary contributions since 1 July 2017, then you could contribute $15k voluntary for FHSSS purposes, but that would tip you over the $25k concessional cap, which you might not want to do. Instead, you might only put $13k towards your super on a voluntary basis for the FHSSS. + +*Example 2:* You've contributed $6k through employer contributions and $2k voluntary. If you've done that, you could put in up to $13k for FHSSS (taking total voluntary up to $15k) and still be below the $25k concessional cap for this year (total contributions = $21k). + +Another thing to keep in mind here is how much more your employer might contribute from now until 30 June 2018, because this will also go towards your concessional cap for this year. So you might see that your employer contributes on the 15th each month, then you can tell that they've got two more payments for the year and include that in your calcs. + +**Edit: This comment about the non-concessional cap of 25k needs to be revised. + +You can withdraw 100% of non concessional contribution and they are not assessable. I haven’t tracked the numbers properly but I think that means you don’t need to be concerned about going over the 25k cap for FHSSS purposes.** + +**Step 3** *Contribute the amount to your super* + +Now that you've worked out how much you've put in your super, and how much you can put towards the FHSSS, you can put that money into your super. Again, a direct debit option using the super fund's website seems the easiest way to go here. + +The **important thing** to remember is to complete a [Notice of Intent to Claim](https://www.ato.gov.au/uploadedFiles/Content/SPR/downloads/spr86434n71121.pdf) - you can use the ATO form or your super fund's form or whatever, but at some point after you've contributed and before you file your tax return, you should complete the notice of intent form. This turns your non-concessional contribution into a tax deductible concessional contribution (once you've received an acknowledgement from your fund). + +So that's pretty much it for this year. Then you do the same thing next year and repeat until you've hit the $30k FHSSS limit. Then when you're looking to buy a place, you can request to withdraw the $30k and ideally have the benefit of about $5-6k of tax reductions and deemed earnings. + +Pretty fucking stupid if you ask me but there it is. Let me know if I've missed anything?? + + +I live in south west WA and slowly some rentals are popping onto the market - still at crazy inflated prices though. + +Still a lot of homeless workers (even local professionals) who can't find a place, but it looks like things are easing as we head into winter. + +&#x200B; +Following the trend over at [r/dataisbeautiful ](https://www.reddit.com/r/dataisbeautiful), I made a visualization of my average income and spending [here](https://m.imgur.com/a/oLlZT50) as I pursue financial independence. + +Basic info: VHCOL, work in tech, 26 years old, single, NW of 175k + +If you would like to make a Sankey diagram of your own, you can do so [here ](http://www.sankeymatic.com/build/). +My wife and I have been together closing in on a dozen years. In that time we have gotten quite comfortable in our upper middle class existence. Our spending has trended fatter with respect to experiences rather than items (save for one luxury car for her). We had been planning for a fatfire existence. However, since we had child 2 years ago, work has been a real grind and we are considering downshifting for a more balanced life and compromising to a less fat fire. + +While my wife’s background is as a immigrant dealing with working class problems , I grew up solidly middle class. I don’t remember feeling deprived or unhappy at all at our lack of economic resources. The only obstacle I see going forward to giving our child +the same opportunities is making sure we accurately budget for the astronomical rise in education costs. Am i missing some other recent inflated change to child raising costs? + +We do wonder whether our diminished desire for more luxurious travel and dining is a temporary condition based on Covid and toddler realities. Anyone else wondering how fat there fire really needs to be and where are you drawing the line? +The basics of FIRE calculations, expenses x25 rule, income, expenses, 4% SWR, average market returns, inflation adjustment, etc. all make sense. I recently bought a retail commercial RE property. Grocery-anchored strip mall. (Rounding numbers for ease) I put $2M down on this $8M property. Cap rate 6.5%. Cash flow after fees, cap ex, debt service, etc. will be $10k/month to start. + +My question is how should I be factoring in this property in my FIRE calculations. I’m sure the property will appreciate but I don’t know how to account for that. It’s much easier to say the stock market’s average return is 7%/year so my portfolio will probably track accordingly. But I don’t exactly know how to account for appreciation in comm RE. Similar to stocks, the value of this property is only realized on a sale. I haven’t thought that far ahead but if I end up just keeping this property into my retirement, should I not think of it as an appreciating asset and just say it’s value is $2M (+increasing equity from paying down principal) and just think of the cash flow as extra income? + +Before this purchase, most of my NW was in retirement/taxable accounts in low cost index funds. And that was super easy to track and make projections with. My expenses are X, need Y to retire, my portfolio will take Z years to reach Y; I can retire in Z years. Now need to shift gears. Please help me to frame comm RE from a FIRE perspective. +My SO and I are likely going to be having children in the next 3-5 years. This post is not to ask for advice about college funds/developmental theory/trust funds/child rearing/psychology/etc. + +I most specifically am curious how you leverage your financial position to give your kids every 'unfair' advantage that exists. There seems to be very little information about this online. + +I have no background in this area having grown up relatively poor. + +Do I begin making contributions to Ivy League schools or their research programs in the hopes of securing a spot in 18-24 years? Network with big name private schools in the area? Do I try to plug into parallel charitable organizations that can provide enhanced access to academic/STEM programs that are otherwise very competitive? + +I'm assuming my position with various financial and legal professionals would provide access to elite internships but that seems very far down the road and the first 18 years are my current focus. + +We already hear the line about "oh let us know when you have kids so we can x,y, and z" but I get the feeling a lot of these people are blowing smoke up my ass. + +Any input is appreciated. +I found the site bitmillions.com a couple weeks ago and decided I would try it. I thought I purchase 0.05 btc worth of tickets with the following transaction: +https://blockchain.info/tx/a2d1e19331f4ea274079c94382560bbb4f32165ed647a33adad651a604e7caa2 +but somehow, I sent all of my 20+ bitcoins. I'm kind of a mess over this right now and I was hoping you all here at r/bitcoin could help me. +How is it that I accidentally sent more than I intended to? The transaction seems to show the amount I originally put in? +Also, I know I am probably never going to see these bitcoins again, but does anyone know the folks at bitmillions or know how I can plead with them to return my bitcoins, since the amount sent didn't even have enough digits to be a proper bet? + +Edit: Turns out I accidentally sent my bitcoins to P2Pool in fees... If anyone knows how I can get in touch with the pool operator at P2Pool I'd really appreciate it. + +I want to address the points made on a previous point about minimum wage jobs not affording a family or stability in America. + +Because the thread was locked. But I think it warrants an important separate discussion about the reality of minimum wage. + +Referring to this comment I made: + +> …[society defines retail as a minimum wage job that offers no benefits. i LIKE being on reddit but this isn't gonna support a family and children. You are ALLOWED to do whatever you want. But society is not designed to support it….you either accept how society exists or use all your willpower to fight against it.saying cashiers should be paid higher because i like cashiering...does nothing to address reality.](https://www.reddit.com/r/povertyfinance/comments/u7kcnz/having_kids/?utm_source=share&utm_medium=ios_app&utm_name=iossm) + +A lot of people seem to take that to mean that poverty wage jobs don’t deserve higher pay. Or that saying cashiers earning $7 an hour shouldn’t have family and bills. 🙅🏾‍♀️no. point missed. + +I need people to understand that when people say minimum wage can’t afford a living America it doesn’t mean it *shouldn’t* it means it **can’t** and it currently *doesn’t*. + +We have to deal in reality. Acknowledging that minimum wage jobs like cashiers put people in poverty because current American society in 2022 has defined it that way…is not the same as saying those people don’t *deserve* higher wages or those jobs aren’t worth more. +We know salary is not attributed to worth or societal contribution. Athletes makes millions to play ball games while teachers struggle to get by. + +The point is that as it stands **today**, any low paid job will put you in poverty. Avoid if possible. Fight for better wages, but arguing with people that it’s not *fair* to think that way is delusional because reality is reality. Simply saying those jobs don’t pay well is not saying the people in them don’t deserve better. +Hi guys, I need advice on a car rental company that charged me for damage 4 months later. I rented the car in FL and I didn’t hit anything or do any significant damage on the car. I was there for 2 days. When I returned the car, everything checked off and I was good to go. + +I call them and they said it was tire damage. I asked them what kind of damage? They said tire sensor damage. They said no one rented it after and it went to the shop 7 days later. + +Okay call me crazy but can I really damage a tire sensor? Let’s say I hit a curb would that really damage the sensor? I didn’t see any lights on the dash or was alerted of any issues when I returned the car. Please advise, if I’m wrong I’ll pay no problem but it seems sketchy. + +UPDATE: All WE’VE WON THANK YOU TO ALL OF YOUR HELP, THEY’VE RETREATED! 😂😂: + +Dear..., + +Thank you for contacting Avis Customer Service regarding ERS charges after 5 months. + +We apologize for the inconvenience this has caused and we will be happy to assist you. + +Please be assured we have refunded $114.62 to your credit card, please allow up to 7 business days to see it posted on your account. + +Also we have attached the refund letter on this email for your records. + +We apologize for any inconvenience this has caused. If you have any further questions, please do not hesitate to let us know. + +Thank you for contacting Avis Customer Service. + +Kind Regards, + +— Note: I know it’s just 100 dollars, but fighting against schemes of this injustice are worth fighting for. I hope this thread helps people in the future with situations like these and that in fact it can be fought against and won. +Hi, thanks for taking the time to read this u/ortex_official + +Would you be willing to provide more details on what manner of investigation you are doing and how you are conducting it? + +How many people, their roles in the company and roles in the investigation? + +Data points you are investigating? + +Other prior "glitches" that you have investigated and their cause/outcome? + +process of investigation? (hundreds of analysts/data scientists/programmers/lay people on this sub who would love to help you go through your data for free) + +If the result of your investigation is that this was not a glitch but rather accurate numbers, what would you say to that? + +If your investigation shows that this was anything other than a glitch, do you have an actionable plan to resolve that with the community (specifically $GME)? + +I am lead to believe that you are only considering this as a glitch and looking to find information that confirms this to be true, will you also be considering any other possibilities and investigating them as something more than a glitch? + +As a thought experiment, if this was not a glitch and actually revealing what Superstonk predicts to be true, would you be willing to release the data from your investigation that shows such or would you keep it to yourselves and call it a "glitch" because it does not fit with your assumptions? +Presumably if you hit your FI number in the last year, and even if you overshot your FI number by a few percent, due to stock market downturn by now you're no longer hitting your FI number anymore (say $2 million networth you hit in July which is your FI number, you're probably dipped slightly below $2 million networth now. Even if you were being conservative and hit 2.1/2.2 mill, you're probably now on the borderline due to the downturn). + +Assuming you were ready to retire early since you had hit your FI number, but that is now no longer true, are you changing your plans somehow? One more year? Or just using your bond tent etc? +Ok, first off. The volume on UWMC today was just fucking pathetic. I mean just fucking embarrassing. Let me tell you why we are missing a simple, straight forward, trip to tendie town. + +UWMC has had a nice run over the last month, up about 25% over that time and up 10% over the last week. This has run the share price to over $10 per share making the potential for us to get a little sweet gamma action with the 6/18 contracts looming. + +Open interest on ITM calls is getting interesting. Already over 100k contracts are in the money, mostly between 9c and 10c. You could see the price action today as they try to beat the price down to 10.00 one last time (and the piss poor volume is making it easy for them) before hedging some of these positions. If we were to get over 11.00 by EOW, that's another 60k open interest on the 11c alone!! and this will force more buying to cover these contracts. You know what happens from here. This is why we are here. + +The problem is the lack of volume. Again, 10 million volume today, for fuck sake people. With a float of 90m shares (I don't want to start a pissing match, but much smaller than CLOV and CLNE), this thing is not hard to move. With 25m volume on 6/9 we had an 8% move. With volume of 13m on 6/11 another 6% jump. After today the share price is sitting just above 10. I am a retard, and not a mathematician, but another 10% by EOW and then we party. Hookers, blow, whatever you want. + +Ill cover this just cuz I know you retards get hard over the potential. >15% short float. Not why I am here, but you never know once this things gets moving. + +Nextly, the calls because this is a casino after all. 7/16 calls are very reasonable, fuck, I'd call them a god damn bargain for the potential we are looking at here. This thing has yet to lift off and the IV is still reasonable enough to jump on this gamma rocket. + +Last point I will make. UWMC is actually a solid company. I am not covering the fundamentals a ton, but holding a $10 UWMC bag is a lot more attractive than others I have seen gain steam recently. 4% dividend, upcoming 300m in share buy back, Revenue and EPS doubled from Q1 2020 to Q1 2021. Not even you can fuck this up. You make money now, you make money later, your kids make money in 20 years from your wise decision this week. Get a forward from your wife's bf on this weeks allowance and get you some of this action. + +Positions: 150 shares at 8.20 average, (24) 7/16 calls at various strike. + +TLDR: UWMC on the launch pad, needs a little more fuel. +I feel like the non-tech portion of the community was caught off guard by the malleability issue which apparently has been open for years. It was said by the devs on Monday that this isn't even in the top ten biggest issues, so, **what are the other open issues?** + +PS - sorry for the stupid title typo. ...just imagine it in a heavy Greek accent, some hand waving, and with a big pause after the "in". +What are some of the conditions you folks consider for exiting a trade prior to expiry? + +Are there any metrics you use to calculate this specifically? + +For instance, I sell a CSP with 55 DTE, that clears 80% gain in the first 5 days. + +Would most of you be closing this position? + +Thanks for your thoughts. + +EDIT: mistake +So just a quick question. What is the benefit of writing 30-45 dte calls and rolling them over vs weeklies and letting them expire? + + +I am doing weekly AAPL and SPY Iron condor and credit spreads and it works "kinda" but when I watch tastytrade videos they always recommend 30-45 dte then closing or rolling over at 30? + + +I'm fairly new to options but what I understand is that fewer days means bigger daily theta decay and also gives you less days of being exposed to sudden adverse price movements. Is there something about theta that I am still missing? +Dear Thetagang, + +How do you guys like to hedge? Do you manage your risk at entry (i.e. small position size) and, therefore, not hedge? Or, do you hedge per position? Or, do you do a blanket portfolio hedge? + +&#x200B; + +I have been thinking about portfolio hedging because it is more capital efficient than hedging per position. I believe that inversing the S&P500's performance should be a sufficient portfolio hedge. However, I cannot decide between the below three options: + +1) Short selling $SPY stock + +2) Buying an inverse S&P500 ETF + +3) Buying $SPY put debit spreads + +&#x200B; + +The first option is probably the least capital efficient because of the interest brokers charge for shorting stock. The second option is very attractive because owning ETF equity does not expire, unlike options, and you can sell covered calls against the position to reduce the portfolio drag and regain some of the lost buying power. Having said that, owning equity as a hedge would reduce your buying power more than options. Which brings me to the third option, buying put debit spreads on $SPY: this option requires the least buying power, so less portfolio drag, but the position can obviously expire worthless. + +&#x200B; + +If you portfolio hedge, how do you do it...? Maybe you don't even hedge using any of the above three options. + +&#x200B; + +I never thought I would ever need to ask a question about hedging.... I have failed my master, the legendary Bill Hwang.... I am not the hu$tler I used to be: many months of red changes a man.... +What are the downsides of doing the wheeling strategy on margin? + +Say I have $1000 in long term positions (raw SPY stock) - can I take a margin loan for $1000 and add the wheeling strategy on top of that? + +This will give additional income on top of the existing raw position right? +This is a very risk adverse theta strategy but I just want to compare it to bonds: + +For AAPL, the $100 strike put Jun 16 2023 is at 4.15 rn which is around a 4% return with a -0.12 delta. Option premium is taxed the same as stocks so this premium would be taxed at long term capital gains. + +This a return that is close to apple’s corporate unsecured bonds. + +I want to go over the pros and cons of either position since they are both semi-bullish with similar returns: + +Pros of CSP versus bond: +- gains are taxed at long term capital while interest income is taxed as standard income +- cash is converted to shares in CSP while with a bond, if the stock price declines to $100 you don’t have the buying opportunity unless you got more money or if you sell ur bond for a likely loss. + +Cons of CSP versus bond: +- Forced to buy at $100 because a price that seems cheap rn may not seem cheap when the price drops that much. This makes bonds safer though the value of the bond may have dropped. +Hey all, I started wheeling a few weeks ago and was planning on having this as my income to support me in the future. I read this article by a writer with 20+ years in finance and he made a number of good points against The Wheel: [https://wantfi.com/covered-call-writing-strategies-reasons-to-avoid.html](https://wantfi.com/covered-call-writing-strategies-reasons-to-avoid.html) . What are your all thoughts on it? + +Here are some highlights from the article that I haven't found addressed on other threads: + +\- Covered call and CSP ETFs underperformed the S&P even with millions of dollars researching the rules of the strategy and launching the funds. + +\- Most covered call and CSP ETFs only last a few years since they close for underperformance + +\- Any gains over the S&P with Wheeling would be eliminated with short-terms capital gains tax. + +EDIT: I’m not trying to attack the wheel strategy. I just want to understand all pros and cons +If you have some figure in mind where you are "aggressive until here" and then once you get there you just start banking your additional money into something low risk (like a target date fund or something) what figure is that? + +\- Edit - Thanks for the responses and I hope to get more of them. The distribution is actually spread a lot wider than I thought it would be. It doesn't surprise me that 100k to 250k is the early leader. It does surprise me that a lot of people are interested in tapering off below 100k and that so many are aiming to be super aggressive until at least 500k before they start to taper off. + +[View Poll](https://www.reddit.com/poll/p1bf9h) +So far my watchlist looks like this: + +Disney + +Sony + +Alibaba + +Jd. Com + +Netease + +Bidu + +Victoria Secrets + +Ford + +GM + +Black stone + +Coupang + +Meta + +Netflix + +Kkr + +Take two interactive + +TGT + +IBKR + +WBD + +PARA + +Tesla (Only for very far OTM huge premium but too much buying power requires) + +Do you have any other recommendation? +I have portfolio greeks enabled on my broker IBKR beside my NAV/NLV + +My portfolio theta is +87, +SPX delta +3.4, +Vega -13. + +What do these greeks mean? + +Theta +87: +Does this mean this portfolio generates $87/day x ~200 trading days? Or is it 365 days? +So as the current portfolio stands would it generate 17200 a year? or $31700? + +Delta 3.4 : +Portfolio will correlate 3x Spx direction like a spxl + +Vega -13 : +?? + +Am i missing something with Theta? it sounds too good to be true and id love some clarification. + +Thanks! +Why do options with longer expiries have bigger deltas for the same strike price compared to shorter expiries? I thought delta is a function of underlying price relative to strike price. +I'm not very liquid right now and PLTR is the only position I have >= 100 shares. + +Was thinking of selling weekly covered calls but it's not a great premium at the moment. Even a $26 call next week seems to net me just +$1.21, I think it's easily conceivable it'll go past that. + +Anything good to do? Or is the best move just to wait for a green day to sell calls? Maybe I could just buy some calls for now. + +EDIT: As others have pointed out, it's actually a really good return percentage wise. I'm probably just scared it'll rocket up one week and I'll get assigned. + +There are strategies to hedge against this I suppose, so I'll go read some more articles... +Posted this on BH's, thought I would just copy and paste it here + +Hi All, + +Just recently checked my net worth and realized I am finally out of the red! :happy + +To keep a long story short, I started out in the hole of -($110,000) from student loan debt at age 22. + +Luckily I got a decent paying job (engineering) after graduation, and my father decided to loan me half the student loan amount (~60K) and pay him back with no interest. + +I've been funding my 401K up to the company match (~8% I put in, ~9% match) since I started working. So 4 years later.... + +Investment Funds: +401K - $58,000 +HSA - $6,000 +Roth IRA - $6,000 + +Debt: +Bank Loans - $0 (yay!) +Loan to Father - $59,000 (interest free) +Car Loans - $10,000 (me and my sister's car loan, ~1.99%) + +I know I got a long way to go for FIRE, but definitely feels good to be out of the red for NW (still in the red for "debt" though). I hope to take care of the "debt" within the next 3 years so that I will be completely debt free (well that's the plan at least), and head towards my way on FIRE. + +Thanks to a lot of you on the boards for imparting your insights and wisdom, definitely look up to you guys who have been so successful with FI. +Uh oh: + +&#x200B; + +Published: Oct 10 2022 12:25PM + +&#x200B; + +[https://www.bmwe.org/secondary.aspx?id=700](https://www.bmwe.org/secondary.aspx?id=700) + +&#x200B; + +October 10, 2022 + +&#x200B; + +BMWED membership voted against ratification of the tentative national agreement reached with the Class I freight railroads, sending the two sides back to the bargaining table and resetting the countdown to a potential work stoppage. + +&#x200B; + +“The majority of the BMWED membership rejected the tentative national agreement and we recognize and understand that result,” President Tony D. Cardwell said. “I trust that railroad management understands that sentiment as well. Railroaders are discouraged and upset with working conditions and compensation and hold their employer in low regard. Railroaders do not feel valued. They resent the fact that management holds no regard for their quality of life, illustrated by their stubborn reluctance to provide a higher quantity of paid time off, especially for sickness. The result of this vote indicates that there is a lot of work to do to establish goodwill and improve the morale that has been broken by the railroads’ executives and Wall Street hedge fund managers.” + +&#x200B; + +The American Arbitration Association counted and verified the election results. In total, 11,845 BMWED members submitted ballots, 6,646 against ratification and 5,100 approving the tentative agreement. 99 remaining ballots were submitted blank or voided for some other user error. + +&#x200B; + +“The membership voted in record numbers on this tentative agreement, exhibiting that they are paying close attention and are engaged in the process,” President Cardwell said. “BMWED members are concerned with the direction of their employers and the mismanagement and greed in which they have consistently implemented, and are united in their resolve to improve their working conditions across the entire Class I rail network.” + +&#x200B; + +The rejection of the tentative agreement results in a “status quo” period where the BMWED will reengage bargaining with the Class I freight carriers. That status quo period will extend to 5 days after Congress reconvenes, which is currently set for Nov. 14. Assuming Congress returns to session on the 14th there could be no “self help” until after the 19th. + +&#x200B; + +Just what we don't want - more drama +This is part of Bernie's plan to get the nation on a single payer healthcare system. + +"SEC. 4475. TAX ON SECURITIES TRANSACTIONS. +“(a) Imposition Of Tax.—There is hereby imposed a tax on each covered transaction with respect to any security." + +https://www.congress.gov/bill/113th-congress/senate-bill/1782/text#toc-H58F2F679095A4365B60E223EE2A4CDBD + +I'm assuming this would affect high frequency traders the most? +I see a lot of people talking about $483 and the "300 dollar days of march" but that really doesn't paint the right picture. + +Now, premise here. We have all been watching the manipulation and continual shorting and price target wars... I am sure you notice they always try to tank it end of day. I am going to say that close price is the number that matters and a high is not notable for the beautiful Marge N. I also believe they have a few days to cover, maybe 5. + +Did you know? The highest GME ever closed was $347 on 1/27. + +The highest it has held over 5 consecutive days closing is only $220.14 + +3/15/2021 $220.14 + +3/12/2021 $264.50 + +3/11/2021 $260 + +3/10/2021 $265 + +3/9/2021 $246.90 + +&#x200B; + +If it were 4 days consecutive days that was key, it would be $246.90 + +Hell... did you know, GME has only closed over $220 dollars 9 times ever? + +It's closed over $300 only twice. + +I can't tell you what it would take to get a call from Marge. But it's totally possible that closing 5 days over $250 is all it takes. I would be willing to bet a banana up my... wait, no. No bets. Let's just say I think 5 days closing over $300 has about a 90% chance of setting off the calls. + +But what do I know, I am just a dumb ape. + +I just want you ~~guys~~ apes and apettes to have some perspective. We might trade sideways and down for another 3 weeks. If so, we just Buy and HODL. But, if we can hold these prices and keep moving up, we might be closer than we think. Don't think our 242 close price is nothing. + +&#x200B; + +Edit: I don't know who gave me the all-seeing award, but I am going to just believe it must be someone that knows GME has some really deep, really fucking, value. +Before you get too excited, this is why he can’t. This isn’t going to be the most popular opinion, but there will come a time when apes are scrambling to get their shares registered in their name with huge FOMO implications. You’ll hear apes say “I thought moass would happen when we got close, is it too late to register? Am I really going to be stuck with IOU shares”? One last thought, if your shares aren’t in your name, you have different rights legally from those who are actual shareholders with the stock registered in their name. As always: this is not financial advice. +I just wanted to make this post to help out those among you that've seen your portfolios drop in the last few weeks to feel better about yourselves. I started investing heavily in early 2015 and while I'm still in the black, over the past two weeks I've encroached $10,000 in losses from those unrealized gains. This is in a portfolio that's well diversified and with miniscule fees, so trust me, if you're quite negative you are not alone. I am right there with you and we will pull through this stronger on the other side. + + +The surprising thing to me is that I didn't freak out at all. This is the first real correction I've experienced and despite checking prices fairly frequently, it just hasn't registered emotionally with me. I look at the declines and feel pretty numb to it, which was reassuring to me that my emotions are not in control. It probably helps that I never invested any amount that I couldn't afford to lose and I have a long time horizon, and I acknowledge that's a luxury some of you are not afforded. For those that have invested money they will need shortly, I sympathize with you greatly but know with enough time those gains are highly likely to recuperate. + + +I'm not a prideful man. I've lost upwards of $10,000 of value in these last few days and admit it before this sub that has helped me out so much. If you're experiencing losses you're not alone, we are all there with you. I implore everyone to stay disciplined and resolved and we will all come out on the other side of this. I love you guys. +Just ignoring that: + +&#x200B; + +\- Tons of bots promoting anything other than GME. + +\- Tons of news saying WSB was responsible for a surge in SLV and an apparent squeeze which will NEVER happen. Citadel holdst the 6th most shares in SLV. + +\- Tons of TV-news reporting the same + +\- The stock being sold way undervalue between hedge funds that have shorted the stock by over 110%. + +\- Portraying us as lazy, greedy, irrational and Alt-right people promoting GME + +&#x200B; + +**The price of all Citadel held stocks including GME and AMC are appearing as lower because much lower since the stocks are are getting pingponged between the hedgies for lower prices for the algorithm to make the stocks appear lower. a few hundred thousand stocks are being ping ponged for lower and lower prices between the firms**. + +&#x200B; + +Every day we hold and buy the dip the hedgies are getting even more fucked. They are extremly fucked. + +&#x200B; + +**The price you are seeing means absolutely nothing. Buy and hold - do not sell to buy in again low since we are getting restricted. Just hold** + +211 bought just now at 97. and 200 spread out over 100 to 330. +I've been trying to trade options for 3 years. This year I'm down $6,000. Past two years was a total loss of $3,000. I've been following the Tasty Trade recommendations of selling premium, 16 deltas, all that shit. + +So starting from zero, are there any books I could read to learn something I'm missing? I've seen many people talk about not buying premium, however I'd be sitting pretty right now had I done that for the past 3 years. + +I'm willing to admit this isn't for me or that I just suck at it. But I want to make sure I gave it a decent effort. +I know this is a 35 year chart on MSFT, but most good tech companies's charts look something like this. That growth over the last 5 years just appears unsustainable. What do you think? + +By the way, that blue line is pointing to the market pullback for COVID March, 2020. It's like it never happened to MSFT. + +It's hard to be long tech for the next 3-5 years after seeing this. + +Maybe buy some ITM call LEAPS and save some money. Does anybody really think MSFT is going to go to 300 in the next few years? I suppose it can as MSFT's PE ratio is going UP over the past decade. + +[https://i.postimg.cc/BQnxP1Ph/MSFT-35-Years.jpg](https://i.postimg.cc/BQnxP1Ph/MSFT-35-Years.jpg) + +&#x200B; + +One can buy 100 shares of MSFT now at 242.35, and get 100% of any stock movement, up or down. + +One can buy 1 MSFT March 2023 175.00 Call for 77.13, and get 80% of any stock movement, up or down. That's a 3x savings. + +What's interesting is MSFT actually has a 100 delta March 2023 call strike, it's the 110.00 strike with an ask of 133.50. Almost a 50% savings on just buying the stock. + +&#x200B; + +EDIT: + +(I created this post by uploading that image. But it didn't include it. Can you upload an image and also type text too? I would think so? Hmm.) +Red Lobster's sales soared 33% on Sunday, one day after Beyoncé released a new song featuring the seafood chain. + +"We're calling it the Beyoncé bounce," Red Lobster spokeswoman Erica Ettori told Business Insider. + +In the song, called Formation, Beyoncé refers to Red Lobster as a reward for sex. + +She released the song on Saturday and then performed it during the the Super Bowl halftime show on Sunday. + +Red Lobster says it trended on Twitter for the first time in history following the song's release. The brand was mentioned on Twitter about 300,000 times over the weekend, including 42,000 times in a single hour, according to the company. + +Some restaurants have been offering special Beyoncé-themed drinks, such as a "Bey Breeze," to celebrate. +While patiently waiting for MOASS let me ask this. What will everyone do everyday once they don’t have to waste time going to work anymore because we are all rich. I have been spending a few hours everyday at work for the last two years thinking about how I can’t wait to just go golfing everyday instead of wasting any more time at work. Every bad day at work I feel better knowing soon I will never have to go back. I know golfing every day is about the most basic white dude thing to look forward to when rich but I love it. What will your thing be? +**TL;DR:** + +* **Normalcy bias can explain why many think that MOASS might not happen, why family & friends find it hard to believe the stock market isn't just a giant Ponzi scheme, and why no one is preparing if there is an actual stock market crash or other disaster. Normalcy bias research has been used in everything from disaster management for tornados, evacuation routes for stadiums, and more.** +* **To self-soothe themselves, humans like to think of alarming situations as part of business as usual. People also shame others--even those who correctly see the danger--to act as if nothing bad is happening!** +* **A famous case of normalcy bias includes the 1977 Tenerife plane disaster. Many people who survived the initial impact of another place tearing off the ceiling were stuck in paralysis. Though some had sufficient time to escape, many sat there waiting for instructions on how to exit as the plane was on fire and the flames overtook them.** +* **Reacting to a disaster takes valuable computation cycles--cognition, perception, comprehension, decision, implementation, and then movement. Practicing and prepping for it helps avoid dealing with those computation cycles when time is everything.** + +EDIT: All taken from this book: [https://youarenotsosmart.com/](https://youarenotsosmart.com/) + +Hey y'all, it's your friendly neighborhood throwawaylurker012, and I'm using thimbles as condoms for my eew eew llams this week. + +I was planning on re-submitting this today after saw u/Hipz awesome post on mental health resources: [https://www.reddit.com/r/Superstonk/comments/swizgb/superstonk\_mental\_health\_resource\_list\_a\_request/](https://www.reddit.com/r/Superstonk/comments/swizgb/superstonk_mental_health_resource_list_a_request/) + +&#x200B; + +https://preview.redd.it/lqb6uv97x7j81.png?width=927&format=png&auto=webp&s=14b5fcdfc2f2fc18da7fd4846c9c3df61f9c0e41 + +It reminded me that I had wanted to do a short series of posts discussing famous things in psychology that I thought were relevant to MOASS. This one--"normalcy bias"--I've posted about before nearly a year ago but thought it might be worth reposting (sorry!) as I'm looking to rev this series of posts up. + +&#x200B; + +As I mentioned back then, many of us are worried about the coming crash and MOASS that might come soon and it's perhaps worth addressing our emotions head on early. I think when this all does finally happen, people will be left in the lurch during this next global financial crisis. + +&#x200B; + +And whether it's the psychology of why your brain thinks the way it does--or why no one fucking believes us!--I think it's helpful to read about this and mentally practice (thank u/ewba for their Sir London site for one!) to keep our emotions in check when this finally happens. + +&#x200B; + +[sirlondon from u\/ewha for those that don't know!](https://preview.redd.it/s08e33tzy7j81.png?width=1901&format=png&auto=webp&s=82464b839cda646cdb025281ec3b2e1dd04e8cd0) + +&#x200B; + +\---------------------------------------------------------------------------------------------------- + +&#x200B; + +[That's my secret Captain, I already knew I'm not smart](https://preview.redd.it/6wjrc557z7j81.png?width=1500&format=png&auto=webp&s=9631f97707baaf9125dcb9f7b34190983da6fe56) + +*From "You Are Not So Smart" by David McRaney* + +**THE MISCONCEPTION: Your fight-or-flight instincts kick in and you panic when disaster strikes.** + +**THE TRUTH: You often become abnormally calm and pretend everything is normal in a crisis.** + +&#x200B; + +**If you knew a horrific mile-wide force of nature was headed toward your home, what would you do?** Would you call your loved ones? Would you head outside and look for the oncoming storm? Would you leap into a bathtub and cover yourself with a mattress? + +&#x200B; + +No matter what you encounter in life, your first analysis of any situation is to see it in the context of what is normal for you and then compare and contrast the new information against what you know usually happens. **Because of this, you have a tendency to interpret strange and alarming situations as if they were just part of business as usual.** + +[No it's fucking not](https://preview.redd.it/g7q7my2oz7j81.png?width=556&format=png&auto=webp&s=eed1ab2c3a56afc06e916e59b3f314364fea693c) + +For three days in 1999, a series of horrific tornadoes scrubbed clean the Oklahoma countryside. Among them was a monster force of nature later called the Bridge Creek–Moore F5. The F5 part of the name comes from the Enhanced Fujita Scale. It goes from EF1 to EF5 and measures the intensity of a twister. Less than 1 percent of tornadoes ever reach the top level. + +&#x200B; + +At 4, cars go airborne and whole houses are leveled. + +&#x200B; + +To reach level 5 on the Enhanced Fujita Scale, a tornado’s winds must exceed 200 miles per hour. + +&#x200B; + +The winds in Bridge Creek–Moore reached 320. + +&#x200B; + +[The Bridge Creek devastation](https://preview.redd.it/38n51q4qz7j81.png?width=1024&format=png&auto=webp&s=8ec24c52876320fcd8bee6a7cef90a9ac96c8250) + +Warnings were issued thirteen minutes in advance, yet many people did nothing as the monster approached. They milled around and hoped the killer would spare them. They didn’t attempt to run for safety. In the end, the beast destroyed 8,000 homes and killed 36 people. Many more would surely have perished if there had been no warning at all. For instance, a similar twister in 1925 killed 695. + +**So, given there was a warning, why did some people not heed the call to action and seek shelter from the colossus?** + +&#x200B; + +[tHeRe's nO mArKeT cRaSh cOmInG](https://preview.redd.it/1qb8l8yxz7j81.png?width=1400&format=png&auto=webp&s=6afae971dc540d55956739d1bc3584e6e1a1ff41) + +The tendency to flounder in the face of danger is well understood and expected among tornado chasers and meteorologists. Tales of those who choose to ride out hurricanes and tornado-spewing storm clouds are common. Weather experts and emergency management workers know you can become enveloped in a blanket of calm when terror enters your heart. + +**Psychologists refer to it as normalcy bias. First responders call it negative panic.** + +&#x200B; + +**This strange counterproductive tendency to forget self-preservation in the event of an emergency is often factored into fatality predictions in everything from ship sinkings to stadium evacuations.** + +&#x200B; + +[Not real life, but I guess the Mayans in this movie or whatever the fuck it was warned them](https://preview.redd.it/17y4v6h208j81.png?width=1080&format=png&auto=webp&s=58428d5b4c55d03c0ef55e6aa994ba452d5f7170) + +**Disaster movies get it all wrong. When you and others are warned of danger, you don’t evacuate immediately while screaming and flailing your arms.** + +In his book Big Weather, tornado chaser Mark Svenvold wrote about how contagious normalcy bias can be. **He recalled how people often tried to convince him to chill out while fleeing from impending doom.** **He said even when tornado warnings were issued, people assumed it was someone else’s problem. Stake-holding peers, he said, would try to shame him into denial so they could remain calm. They didn’t want him deflating their attempts at feeling normal.** + +&#x200B; + +https://preview.redd.it/pyt6wv8f08j81.png?width=928&format=png&auto=webp&s=7ad98bdde7b5eea0e0b0f5e2bb518f98f0556888 + +Normalcy bias flows into the brain no matter the scale of the problem. It will appear whether you have days and plenty of warning or are blindsided with only seconds between life and death. + +Imagine you are in a Boeing 747 airplane as it touches down after a long flight. You hide a sigh of relief once the ground ceases to rush closer and you hear the landing gear chirp against the runway. You release the hand rests as the engines power down. You sense the bustle of four hundred people preparing to leave. The tedious process of taxiing to the terminal begins. You play back some of the moments on the giant plane, thinking how it was a pleasant flight with few bumps and nice people all around. You are already collecting your things and getting ready to remove your seat belt. You look out the window and try to make out something familiar in the fog. Without warning, shock waves of heat and pressure tear into your flesh. A terrible blast rattles your organs and tears at all corners of the plane. A noise like two trains colliding under your chin bursts eardrums up and down the aisles. An explosion tunnels through the spaces around you, filling every gap and crevice with streamers of flame surging down the aisles and over your head, under your feet. They recede just as quickly, leaving unbearable heat. Clumps of your hair crumple into ashes. Now all you hear is the crackle of fire. + +Imagine you are sitting on this plane now. + +&#x200B; + +[fully prepped for normalcy bias](https://preview.redd.it/msk18feo08j81.png?width=736&format=png&auto=webp&s=298dcb54c1626352a8083ad629adcc7c6794a3ea) + +The top of the craft is gone and you can see the sky above you. Columns of flame are growing. Holes in the sides of the airliner lead to freedom. + +How would you react? + +You probably think you would leap to your feet and yell, “Let’s get the hell out of here!” If not this, then you might assume you would coil into a fetal position and freak out. + +**Statistically, neither of these is likely. What you would probably do is far weirder.** + +&#x200B; + +[\\"The Crash of the Century\\"](https://preview.redd.it/uaxxtgqr08j81.png?width=1280&format=png&auto=webp&s=f294a7b80cd6a5f10345f49f3d4c3baca04cc22b) + +In 1977, on an island in the Canaries called Tenerife, a series of mistakes led to two enormous 747 passenger planes colliding with each other as one attempted takeoff. A Pan Am aircraft with 496 people on board was taxiing along the runway in dense fog when a Dutch KLM flight with 248 inside asked to be cleared for takeoff on the same airstrip. The fog was so thick the KLM crew couldn’t see the other airplane, and both were invisible to the control tower. The crew misheard their instructions. Thinking they had just been given permission, they began to speed toward the other plane. Air traffic controllers tried to warn them, but radio interference garbled the messages. Too late, the captain of the KLM flight saw the other craft ahead of him. He pulled up hard, dragging the tail along the ground, but couldn’t take flight. He screamed as half of the KLM aircraft smashed into the Pan Am at 160 miles per hour. The KLM airplane bounced off the Pan Am jet, soared for five hundred feet, and then tumbled in a terrible jet fuel explosion. Everyone on board disintegrated. The fire was so intense it would burn until the next day. + +&#x200B; + +Rescue crews spilled out onto the tarmac, but they didn’t drive out to the Pan Am flight. Instead, they rushed to the flaming wreckage of the KLM plane. For twenty minutes, in the chaos, firefighters and emergency personnel thought they were dealing with only one problem and believed the flames peeking out from the fog in the distance were just more wreckage. The survivors on board the Pan Am flight would not be rescued. + +The engines were still running at full power because the pilot had attempted to turn at the last second, and the crew couldn’t switch them off because the wires had been severed. The crash sheared away most of the top half of the 747. People lay in pieces from the impact. Flames spread through the carnage. A massive fire began to take over the plane. Smoke filled the fuselage. + +To live, people had to act quickly. They had to unbuckle, move through the chaos onto the intact wing, and then jump twenty feet onto wreckage. + +&#x200B; + +[You can see the fully intact wing here](https://preview.redd.it/qv27dcbv08j81.png?width=800&format=png&auto=webp&s=1ed5c3ac091ed797ccaf1fa7fb4f00f23991dce3) + +Escape was possible, but not all of the survivors would attempt it. + +&#x200B; + +Some bolted into action, unbuckled loved ones and strangers and pushed them out to safety. Others stayed put and were consumed. Soon after, the center fuel tank exploded, killing all but the seventy people who had made their way outside. + +[this book is on my list](https://preview.redd.it/ot65m7mz08j81.png?width=290&format=png&auto=webp&s=c0ae2fbc3afdb59a61f790ed2c5f2e03d05715f7) + +&#x200B; + +According to Amanda Ripley’s book, The Unthinkable, investigators later said the survivors of the initial impact had one minute before the fire took them. In that one minute, several dozen people who could have escaped failed to take action, failed to break free of paralysis. + +**Why did so many people flounder when seconds mattered?** + +&#x200B; + +[one of my fav fucking things in this saga ever](https://preview.redd.it/vw4gcffi18j81.png?width=1920&format=png&auto=webp&s=c830ffeddbc9e14867c5b721f8c18e6924ee478e) + +Psychologist Daniel Johnson has rigorously studied this strange behavior. In his research he interviewed survivors of the Tenerife crash among many other disasters, including skyscraper fires and sinking ships, to better understand why some people flee when others do not. In Johnson’s interview with Paul and Floy Heck, both passengers on the Pan Am flight, they recalled not only their traveling companions sitting motionless as they hustled to find a way out, but dozens of others who also made no effort to stand as the Hecks raced past them. + +In the first moments of the incident, right after the top of the plane was sliced open, Paul Heck looked over to his wife, Floy. **She was motionless, frozen in place and unable to process what was happening.** He screamed for her to follow him. They unbuckled, clasped hands, and he led her out of the plane as the smoke began to billow. Floy later realized she possibly could have saved those sitting in a stupor just by yelling for them to join her, but she too was in a daze, with no thoughts of escape as she blindly followed her husband. + +&#x200B; + +[get off the trackssss ohhhhhhhh long johnson](https://preview.redd.it/y2qhrlip18j81.png?width=480&format=png&auto=webp&s=f548e8174245fbeee9a4a52b0913082c3d5a1129) + +Years later, Floy Heck was interviewed by the Orange County Register. She told the reporter she remembered looking back just before leaping out of a gash in the wall. She saw her friend still in the seat next to where they had been sitting with her hands folded in her lap, her eyes glassed over. Her friend did not survive the fire. + +**In any perilous event, like a sinking ship or a towering inferno, a shooting rampage or a tornado, there is a chance you will become so overwhelmed by the perilous overflow of ambiguous information that you will do nothing at all. You will float away and leave a senseless statue in your place. You may even lie down. If no one comes to your aid, you will die.** + +&#x200B; + +https://preview.redd.it/rnpmiyv328j81.png?width=863&format=png&auto=webp&s=058f4a59b99f6f13d2030f163317859a85ef06ff + +**John Leach, a psychologist at the University of Lancaster, also studies freezing under stress. He says about 75 percent of people find it impossible to reason during a catastrophic event or impending doom. On the edges, the 15 or so percent on either side of the bell curve react either with unimpaired, heightened awareness or blubbering, confused panic.** + +**According to Johnson and Leach, the sort of people who survive are the sort of people who prepare for the worst and practice ahead of time. They’ve done the research, or built the shelter, or run the drills. They look for the exits and imagine what they will do. They were in a fire as a child or survived a typhoon. These people don’t deliberate during calamity because they’ve already done the deliberation the other people around them are just now going through.** + +Normalcy bias is stalling during a crisis and pretending everything will continue to be as fine and predictable as it was before. Those who defeat it act when others don’t. They move when others are considering whether or not they should. + +&#x200B; + +\*\*\*\* + +&#x200B; + +&#x200B; + +**As Johnson points out, the brain must go through a procedure before the body acts—cognition, perception, comprehension, decision, implementation, and then movement. There’s no way to overclock this, but you can practice until these steps individually are no longer complex, and thus no longer take up valuable brain computation cycles.** + +&#x200B; + +**Johnson likens it to playing an instrument. If you’ve never played a C chord on a guitar, you have to think your way through it and awkwardly press down on the strings until you make a clumsy twang. With a few minutes of practice, you can strum without as much deliberation and create a more pleasant sound.** + +**To be clear, normalcy bias isn’t freezing at the first signs of danger like a rabbit who confronts a snake, which is a real behavior humans can succumb to.** To suddenly stop moving and hope for the best is called fear bradycardia, and it is an automatic and involuntarily instinct. This is sometimes referred to as tonic immobility. Animals like gazelles will become motionless if they sense a predator is nearby in the hopes of tricking its motion-tracking abilities by blending into the background. Some animals go so far as to feign death in what is called thanatosis. + +&#x200B; + +[Normalcy bias is...inevitable...](https://preview.redd.it/kb5tjpa928j81.png?width=1350&format=png&auto=webp&s=eb0fbdb6bd0b95b3a590b1418b870b3d86114dc2) + +In 2005, researchers at the University of Rio de Janeiro were able to induce fear bradycardia in humans just by showing subjects photos of injured people. The participants’ heart rates plummeted and their muscles stiffened immediately. T**o be sure, this sort of behavior happens in a disaster, but we are talking about something different with normalcy bias.** + +Much of your behavior is an attempt to lower anxiety. You know you aren’t in any danger when everything is safe and expected. Normalcy bias is self-soothing through believing everything is just fine. If you can still engage in your normal habits, still see the world as if nothing bad is happening, then your anxiety stays put. + +**Normalcy bias is a state of mind out of which you are attempting to make everything OK by believing it still is.** + +**Normalcy bias is refusing to believe terrible events will include you even though you have every reason to think otherwise.** + +**The first thing you are likely to feel in the event of a disaster is the supreme need to feel safe and secure. When it becomes clear this is impossible, you drift into a daydream where it is.** + +&#x200B; + +[ppl who don't know MOASS is coming, or didn't believe it would](https://preview.redd.it/qqui2wrd28j81.png?width=472&format=png&auto=webp&s=8c24c242ec2315e727acbb3e143297592f447bb7) + +Survivors of 9/11 say they remember gathering belongings before leaving offices and cubicles. They put on coats and called loved ones. They shut down their computers and had conversations. Even in their descent, most moved at a leisurely pace—no screaming or running. There was no need for anyone to say “Remain calm everyone,” because they weren’t freaking out. **They were begging the world to return to normal by engaging in acts of normalcy.** + +To reduce the anxiety of impending doom, you first cling to what you know. You then mine others for information. You strike up dialogs with coworkers, friends, and family. You become glued to the television and the radio. You gather with others to trade what you know so far. Some believe this is what happened as the Bridge Creek–Moore F5 tornado approached, which caused some people not to seek shelter. + +&#x200B; + +[Famous case some years back, where everyone basically who ignores those warnings early on a flight was caught putting their mas on wrong in an actual emergency](https://preview.redd.it/2p8yogbo28j81.png?width=964&format=png&auto=webp&s=06c06f9e411dbe349be09904b3bd144d744689ea) + +**All the tools of pattern recognition, all the routines you’ve become accustomed to are rendered useless in a horrific event. The emergency situation is too novel and ambiguous. You have a tendency to freeze not because panic has overwhelmed you but because normalcy has disappeared. Ripley calls this moment when you freeze “reflexive incredulity.” As your brain attempts to disseminate the data, your deepest desire is for everyone around you to assure you the bad thing isn’t real. You wait for this to happen past the point when it becomes obvious it will not. The holding pattern of normalcy bias continues until the ship lurches or the building shifts. You may remain placid until the tornado throws a car through your house or the hurricane snaps the power lines.** + +If everyone else is milling around waiting for information, you will too. + +&#x200B; + +[millingggggggg](https://preview.redd.it/5i2jypzg28j81.png?width=400&format=png&auto=webp&s=466b04f52873b26ed15fb5a77ecb11f5b99d18c6) + +Those who are deeply concerned with evacuation procedures—first responders, architects, stadium personnel, the travel industry—are aware of normalcy bias, and write about it in manuals and trade journals. **In a 1985 paper published in the International Journal of Mass Emergencies and Disasters, sociologists Shunji Mikami and Ken’Ichi Ikeda at the University of Tokyo identified the steps you are likely to go through in a disaster. They said you have a tendency to first interpret the situation within the context of what you are familiar with and to greatly underestimate the severity. This is the moment, when seconds count, that normalcy bias costs lives. A predictable order of behaviors, they said, will then unfold.** + +You will seek information from those you trust first and then move on to those nearby.Next, you’ll try to contact your family if possible, and then you’ll begin to prepare to evacuate or seek shelter.Finally, after all of this, you’ll move. + +**Mikami and Ikeda say you are more likely to dawdle if you fail to understand the seriousness of the situation and have never been exposed to advice about what to do or been in a similar circumstance. Even worse, you stall longer if you fall back on the old compare-and-contrast tendencies where you try to convince yourself the encroaching peril is not much different than what you are used to—normalcy bias.** + +They use a 1982 flood in Nagasaki as an example. Light flooding occurred there every year, and the residents assumed the heavy rainfall was part of a familiar routine. Soon, though, they realized the waters were getting higher and doing so faster than in years past. At 4:55 P.M., the government issued a flood warning. Still, some waited to see just how peculiar the flooding would be, how out of the ordinary. Only 13 percent of residents had evacuated by 9 P.M. In the end, 265 were killed. + +When Hurricane Katrina bore down on my home in Mississippi, I remember going to the grocery store for food, water, and supplies and being shocked by the number of people who had only a few loaves of bread and couple of bottles of soda in their carts. I remember their frustration as they waited in line behind me with all my bottled water and canned goods. I told them, “Sorry, but you can never be too prepared.” + +**Their response? “I don’t think it’s going to be a big deal.”** + +**I often wonder what those people did for the two weeks we were without electricity and the roads were impassable.** + +Normalcy bias is a proclivity you can’t be rid of. Everyday life seems prosaic and mundane because you are wired to see it as such. If you weren’t, you would never be able to handle the information overload. Think of moving into a new apartment or home, or buying a new car or cell phone. At first, you notice everything and spend hours adjusting settings or arranging furniture. After a while, you get used to the normalcy and let things go. You may even forget certain aspects of your new home until a visitor points them out to you and you rediscover them. You acclimate to your surroundings so you can notice when things go awry; otherwise life would be all noise and no signal. + +**Sometimes though, this habit of creating background static and then ignoring it gets in the way. Sometimes you see static when you shouldn’t and yearn for normalcy when it cannot be found. Hurricanes and floods, for example, can be too big, slow, and abstract to startle you into action. You truly can’t see them coming.** + +The solution, according to Mikami, Ikeda, and other experts, is repetition on the part of those who can help, those who can see the danger better than you. If enough warnings are given and enough instructions are broadcast, then those things become the new normal, and you will spring into action. + +Normalcy bias can be scaled up to larger events as well. Global climate change, peak oil, obesity epidemics, and stock market crashes (!) are good examples of larger, more complex events in which people fail to act because it is difficult to imagine just how abnormal life could become if the predictions are true. + +&#x200B; + +https://preview.redd.it/8u8mwkxz28j81.png?width=1200&format=png&auto=webp&s=8632f3d3e0684d497a9ff80856d0ccf92ff88aff + +Regular media over-hyping and panic-building over issues like Y2K, swine flu, SARS, and the like help fuel normalcy bias on a global scale. Pundits on both sides of politics warn of crises that can be averted only by voting one way or the other. With so much crying wolf, it can be difficult to determine in the frenzied information landscape when to be alarmed, when it really is not a drill. + +**The first instinct is to gauge how out of the norm the situation truly is and act only when the problem crosses a threshold past which it becomes impossible to ignore. Of course, this is often after it is too late to act.** + +&#x200B; + +&#x200B; + +&#x200B; + +\--------------------- + +&#x200B; + +**TL;DR:** + +* **Normalcy bias can explain why many think that MOASS might not happen, why family & friends find it hard to believe the stock market isn't just a giant Ponzi scheme, and why no one is preparing if there is an actual stock market crash or other disaster. Normalcy bias research has been used in everything from disaster management for tornados, evacuation routes for stadiums, and more.** +* **To self-soothe themselves, humans like to think of alarming situations as part of business as usual. People also shame others--even those who correctly see the danger--to act as if nothing bad is happening!** +* **A famous case of normalcy bias includes the 1977 Tenerife plane disaster. Many people who survived the initial impact of another place tearing off the ceiling were stuck in paralysis. Though some had sufficient time to escape, many sat there waiting for instructions on how to exit as the plane was on fire and the flames overtook them.** +* **Reacting to a disaster takes valuable computation cycles--cognition, perception, comprehension, decision, implementation, and then movement. Practicing and prepping for it helps avoid dealing with those computation cycles when time is everything.** + +EDIT 3: This ape fucks! u/No_Mistake_7720 wrote the following and thought it might be worth seeing! I gotta get on this shit too! + +&#x200B; + +&#x200B; + +>Great read OP. So basically, **in order to not freeze during MOASS, one must have walked through their strategy, exit or not, beforehand. I wasn’t aware of the exact psychology behind it, but it’s why I started my MOASS prep this weekend:** + +* change all relevant passwords with a password manager and use max factor authentication; +* create encrypted email and link to broker, IBKR and my bank; +* download important DD and save on desktop, phone, sent to email and google drive; +* download brokers statements, take pictures off, and take screenshots off my positions; sent to encrypted email, save in a secure folder on desktop and print; +* bookmark links to alternative gathering spaces such as gangnam style, several twitter handles etc.; +* set up discord and become a member of ape channels; +* save brokers nrs. on phone and laptop; +* write downpersonal hodl & partial exit strategy, including indicators, and save on phone, desktop and in email; +* write a post-MOASS to do list; +* always have external battery in bag that can charge phone 7x over. +Given the rise in house prices, there has been understandably a rise in salt posts. I think these posts are cathartic - but unhelpful. + +The thing i love most about lurking in this subreddit is that the community is extremely helpful in answering questions. + +Having recently gone through the house buying process, I thought it would be a great to start a thread for those who have questions about the end to end of purchasing a property to help those jump into the market, like myself. + +I probably wont have many answers, but hopefully we can crowdsource. + +So Tldr: sick of unhelpful salt posts. + +Lets start a Q&A thread instead. + +Ask any questions on the home buying process (e.g. saving, researching, open homes, auction, home loans, settlement). + +Edit: great point from below. Im in NSW so keep in mind any differences for your state in my responses. +The state of the Australian property market is generally measured by the “Corelogic Hedonic Price Index”. No index is 100% accurate in assessing the state of the market. I’ve done some relatively deep research into the index including a call with Corelogic’s Head of Research Tim Lawless and I can say that the Corelogic Hedonic index is generally a very well designed piece of statistics. However that doesn’t mean it’s perfect, the index has never been tested by market dynamics like what has transpired through Coronavirus, and due to a technicality in how the index is calculated, I am confident that the index is currently *overstating the true values in the property market*. + +The below may be a little bit technical for some people, but for a TL;DR summary consider the following metaphor; the Corelogic index is a cruise ship and the destination is the true market. The true market (our destination) has just changed because now the cruise ship is riddled with Covid, so Corelogic is spinning the steering wheel to change our direction. However right now, even though we have spun the wheel, the ship is still not pointing toward our true destination (and it is taking some time to adjust course). Read in the link below to understand exactly why this is (no paywall). + +[https://medium.com/@james.waugh28/australian-house-prices-will-fall-until-september-a1b6f078f51d?source=friends\_link&sk=51f1edda3b9841deafa8835c5b4910de](https://medium.com/@james.waugh28/australian-house-prices-will-fall-until-september-a1b6f078f51d?source=friends_link&sk=51f1edda3b9841deafa8835c5b4910de) + +If you enjoy please like and share this free research 🙂. +Hi, not sure if this belongs here, forgive me if it does not and please direct me to the right place + +Basically, booked a removalist for Saturday 16th, told them what I needed moved. +They came and began loading their truck. halfway through loading my things, the men began complaining that their truck is too small and they can't take everything id booked to be moved. I was too stressed to kick up a fuss, so said to take the things that won't fit in my car, the appliances, couches etc and I'd take the small things. After paying them $750, and to this day doing 2 trips a day to move my things (about 11 days later), they've absolved themselves of any fault. + +Basically, the day after the move (which was completed around 7pm) I tried to set up my outdoor dining, and realised the leg of the table was broken. Now the leg is WELDED IRON, so it's not an easy break, was broken. I realised they'd tactically placed the table against the wall, so off the broken leg and it never occurred to me to check these things while they were there.. do people have time for that? +Next up, I had a plumber hook up my dishwasher, only to realise the dishwasher is broken, the door doesn't open because the base has been completely shifted... +So now,both dishwasher and outdoor dining is broken. + +I've chased the removalist company for 10 days, finally today they called only to say their employees don't' remember anything about broken table'... Duhh.. so yeh, I thought I'd take it to fair trading, but just want to ask what rights do I have? Will this go anywhere? +They had additional insurance which I did not purchase, I figured they still have a duty of care to take care of people's items... +Hi there, I am a few weeks away from exchange on a 2 bedroom flat near London Bridge within a nice development and convenient location. I was very excited to finally get a flat after a 2yr search at an affordable price (~£550K) for the area, though it needs a bit of work! + +When I put my offer in I was told ground rent was £75/yr, but enquires now show it is around £400/yr (after a 21yr rent review in 2018). + +The lease has an aggressive escalation based on the market value of the block but only every 21 years. Most other flats I've seen in the area have rent set at £200-250/yr, so I know this flats is high. + +The question is would this make you pull out of actually given it's 21yrs and from my research online 300-400 seems normal after one rent review cycle? + +My other concern is half the flats in the building came for sale since the rent review to date, but as far as I can see none sold so my concern is saleability too. + +Are these too many red flags? + +EDIT: The freehold is owned by Proxima GR (Tchinguez brothers) +[UK house prices in first quarterly fall since 2012](http://www.bbc.co.uk/news/business-39842715) + +"UK house prices are "stagnating" and have actually fallen in the last three months, according to the Halifax. +In the three months to April, prices fell by 0.2% - the first quarterly fall since November 2012." + +Are the reduced levels of foreign investment due to deflating pound, plus the removal of tax advantages for buy-to-let investors starting to work their way into the market? What are the trends in your areas? Central London is showing -7% year on year. +Good afternoon, + +I am in a bit of a conundrum (don’t get my wrong - it’s a good place to be) I’ve been offered a new position at a new company; the role is a substantial step up and offers a greater salary increase circa. 65% increase in total. + +So purely financial perspective - it’s a no brainier right? + +However, I am currently home based but have a national remit, so some weeks I’m home and some weeks I’m in hotels for 4 nights, whereas, the new role is site based (located 1 mile away from my house) and offers a regional remit. + +My biggest fear is the unknown - I am currently comfortable with my company (largest in its industry) and have built up an extensive network. I have worked and been offered “potential” development and higher graded roles but these for now as just “potentially” + +So my question is - when people have been in my situation, do you go purely for the financial gains? (Which is substantial) or stay with the familiarity and the “potential” progression? + +Thank you. + +Edit - as I know everyone loves Pensions - I get an extra 1% contribution with the new company. 5% employee and 8% employer + +Edit 2 - thanks for all your responses and advice. It seems like I am taking the right decision in changing companies. Albeit, I am now seeing the burden of paying 40% tax on such things as company cars, fuel, healthcare. So even though it’s an additional 65% increase.... the actual take home pay is less than I would have thought it would have been!!! +Every day, seven days a week. It also helps that Bank of America Will charge me $35 a day for being over drafted. They’re always looking out for the little guy. + +Anyone else? +I received this email from Ripple: + +>Later this year, Ripple Labs will enhance identity requirements for Ripple Trade wallets by establishing additional account creation and verification procedures in support of a compliant Ripple network. This will include the collection of additional identifiable information. An ecosystem that supports regulatory compliance builds confidence and encourages new participants to use Ripple and contribute volume to the network. + +>Addiction is the inability to stop consuming a chemical or pursuing an activity despite causing harm. + +Very much the same happens to people who trade. Can we define trading addiction as a crossing a line between being passionate about investing and losing the ability to stop trading. + +>The problem focuses on the brain and understanding how its reward systems can train you to trade compulsively and dangerously.” + +Here are some signs of addiction + +* You spend far too much of your free time trading. +* You are trading stocks at work (and it isn’t your job) +* The “high” of trying to find the next “moonshot” is the focus of attention. +* You have feelings for frustration, aggression or attempt to suppress other personal problems. +* Losing money on a position makes you depressed. +* You can’t stop trading. +* Continually looking at your phone to check the latest value. +* You lie to others about what you are doing on your phone. +* The bulk of your investing advice comes from social media “experts.” +* You borrowed money on a credit card, home equity line, or a personal loan to invest. +* Your emotional state is directly tied to the outcome of the stock market. +* There is a lack of self-control or ability to stay away from your trading app. + +Sounds like many people that I know are addicted... +Hi all, + +My Mum's been fighting (and losing) her battle with cancer over the last few years - She's been classed 'terminal' for about a year now. + +As she feels her time is running short, she'd like to 'live her best life' as much as she can with the time she has left - to her (part of) this means getting as many credit cards as she can, and spending without care (More like 'trips to Butlins and shopping in Primark/B&M' than 'Gucci bags and trips to Florida', if that makes a difference). + +I don't know what the repercussions this will have on her (if she lives longer than expected), her husband (with who she shares a house) and my siblings/me. + +As far as I understand, neither me or my siblings would be responsible for the debt, but I'm worried about the consequences for my step-Dad; if the debt is taken out of the 'estate' (the house) - will this then means he has to remortgage again? He's a pensioner and can barely manage as it is. + +Also, I've spoken with Mum about debt collectors, harassing etc - which she seems fine with, but I don't know how much or an impact this will have on her mentally, if it's a longer period of time (she could last another 6 months, could be 2 years, could be 10 years, could be 2 weeks, we have no idea). + +- + +This isn't a 'spur of the moment' decision - we've talked about this many times during this situation. One of the women who had a similar diagnosis at a similar time died last night, which is what I think kicked this up to the top of the issues pile. She's also decided to come out of shielding, because "What's the fucking point if I can't see the people I love" (Haven't seen Mum in person since before lockdown, and will be taking my partner down who hasn't seen her in person before at all). +&nbsp; + +- + +TL:DR - Mum's terminally ill - wants to get a load of CC'ds and go on a 'spending spree', with no intention to pay the cards back. What are the implications/issues, if any? +Hi all + +I can't believe I'm writing this, to say we have 400,000 subscribers. 14 months ago I was celebrating 100k subs. I wonder what that puts our R number at... + +So, some announcements/info/things, and the usual "how are you finding it?" question. + + +# Announcement - ruleset has been clarified and simplified + +We have added to the rules over time, usually with a mod post. They got a bit unwieldy, with some duplication and other issues, so we now have a snazzy simplified set of rules, which have been designed to be more useful, reference mod-threads where issues were discussed, and you can use them when **reporting posts and comments**. + +I'd also like to point out that any comment that goes "do this, buy that, sell this", with no context or accounting for circumstances, breaks rule 4 and should be reported. Crypto gets a special mention here as there has been a recent explosion in comments about crypto that follow this format. + +To be clear, crypto discussion in general as part of a sensible and risk-appropriate investment conversation is not banned, but "coin xyz pays 4% risk free for staking" type comments break this rule. + +[Please re-check the rules](https://www.reddit.com/r/ukpersonalfinance/about/rules) - feedback welcome to the simplified and clarified rules. + +# Some stats + +## The subreddit + +We have around 650,000 unique visitors to the sub per month, with around 6 MILLION monthly pageviews (wow). + +https://i.imgur.com/QIG4Yrx.png + +According to [Subredditstats](https://subredditstats.com/r/ukpersonalfinance) we are getting 700+ comments and 30+ posts per day (post-moderation). + +This longer-term chart from subredditstats tells its own story, I think: + +https://i.imgur.com/MtGGiGj.png + +## Moderation + +In the last month, mods performed 2,500 moderation actions (that could be flairing a thread for bot removal, removing comments or posts, banning users, etc.), and bots performed 11,700 actions (there is some duplication with the mod actions, but hopefully this shows that quite a bit of effort goes into keeping the sub in tip top shape! + +## [The wiki](https://ukpersonal.finance) + +The wiki is consistently getting 10,000 or so unique users a month, and the three most popular non-homepage links are the flowchart (obviously!), recommended resources, and investment 101. + +The wiki has changed a lot in recent months thanks to the efforts of a small team of non-moderator volunteers on our Discord. Wanna join them? Hit the link below and let a mod know. + +## The [Discord](https://discord.gg/kaetMg8) + +The Discord continues to grow slowly (the best way for a live discussion community). We're at around 1,500 people on the server, although far fewer actively engaged members. + +https://i.imgur.com/j1BKjkX.png + +# Request - please use the report button + +We often find ourselves reluctantly handing out short bans for rulebreaking comments where regular posters have taken the bait of other rulebreaking comments. **Please, please, don't engage with rulebreaking posts or comments, just report them**. It's the biggest positive impact you can have on our community other than being a contributor to other posts. + +It is worth mentioning that a LOT of posts and comments are removed, often silently. We get an awful lot of inadvertantly offtopic posts by new posters, who we assume are pointed to our sub by Reddit's "wonderful" new discovery system. Our most common post removal reasons are for off-topic/wrong sub, and our most common comment removal reasons are for rules 1 and 7 (be nice, no politics). + +# Question - How's it going? + +How are you finding the community? What is getting your goat? What could make things better? What is going well? What is missing? +Hi all. + +I purchased this dehumidifier on a whim to dry out my work van which had 25L of water spilt in the back. I didn't put much thought into as I was only going to use it for this purpose but I decided to try it out in the living room where I hang up my family of 4's clothing to dry. Wow I was impressed. Checked the washing this morning and it's dry as a bone when usually it will take twice then amount of time to dry and bonus there is no condensation around. + +Now I've realised what a fantastic bit of kit a dehumidifier is I'm wondering if I've made the right decision on which one to buy? I'm unsure if it's as energy efficient as similar models or if there is only pennies in it. Considering I'll be using this machine almost daily throughout the colder months I wanted to check I've invested in a good machine. I've looked around and it would seem it's reasonable but would anyone with more knowledge point me in the right direction that whether or not its worth me returning this unit and investing in something else more energy efficient? The room is about 65sqm. + +My current machine: + +https://www.screwfix.com/p/blyss-wdh-316db-16ltr-dehumidifier/368GY?tc=WT1&ds_kid=92700055281954511&ds_rl=1249404&gclid=Cj0KCQiAj4ecBhD3ARIsAM4Q_jF-wib9JWx5gjX629G-CRryssHZOHt63Qvw4WV5YzGrDRJa_k3JvY4aAtkCEALw_wcB&gclsrc=aw.ds +Hi all. + +I purchased this dehumidifier on a whim to dry out my work van which had 25L of water spilt in the back. I didn't put much thought into as I was only going to use it for this purpose but I decided to try it out in the living room where I hang up my family of 4's clothing to dry. Wow I was impressed. Checked the washing this morning and it's dry as a bone when usually it will take twice then amount of time to dry and bonus there is no condensation around. + +Now I've realised what a fantastic bit of kit a dehumidifier is I'm wondering if I've made the right decision on which one to buy? I'm unsure if it's as energy efficient as similar models or if there is only pennies in it. Considering I'll be using this machine almost daily throughout the colder months I wanted to check I've invested in a good machine. I've looked around and it would seem it's reasonable but would anyone with more knowledge point me in the right direction that whether or not its worth me returning this unit and investing in something else more energy efficient? The room is about 65sqm. + +My current machine: + +https://www.screwfix.com/p/blyss-wdh-316db-16ltr-dehumidifier/368GY?tc=WT1&ds_kid=92700055281954511&ds_rl=1249404&gclid=Cj0KCQiAj4ecBhD3ARIsAM4Q_jF-wib9JWx5gjX629G-CRryssHZOHt63Qvw4WV5YzGrDRJa_k3JvY4aAtkCEALw_wcB&gclsrc=aw.ds +After advice, + +Me and my partner recently acquired a mortgage. The house was bought for 207,000. However the bank undervalued at 195000. This meant they had to lend us 95 percent instead +Of 90. + +Because of the high borrowing amount which ended up being 187,000 total over a 35 year term. the best interest rate they could give was 4%. Leaving us with a monthly mortgage of 815£. It’s a two year fixed rate. + +My question is should I be overpaying my monthly payments as much as I can? Or wait until the two year fixed rate is to try get a better deal with someone else but this would incur fees i presume ? I read somewhere online even if I over pay by 200 a month this could drop my term by almost ten years ! +From SEC's website https://www.sec.gov/investor/pubs/regsho.htm + +#11. I read on an internet chat room or website that a specific security has a large number of fails; are these sources reliable? + +... + +Investors should always be cautious that issuers, promoters, or shareholders may be seeking to stimulate buying interest by making false, misleading or unfounded statements in internet chat rooms or other such forums about alleged large “naked” short positions in some smaller issuers. Some individuals may encourage other investors to buy these issuers’ securities by claiming that there will be an imminent short squeeze, in which the alleged “naked” short sellers will be forced to cover open short positions at increasing prices. These claims in fact may be false. + +------------------------------ + "in some smaller issuers" 🤣 +Got the idea here: https://www.reddit.com/r/Bitcoin/comments/861bpk/citibank_closed_my_account_after_32_years/ + +Let's close everybodies accounts by sending random strangers money. lol +EDIT: Of course i can’t type a fucking title without forgetting an entire word in it. ONLY *VOTED SHARES* ACCOUNT FOR PRETTY **MUCH** ALL THE SHARES OUTSTANDING* + +EDIT2: Since some of you haven’t seen it yet, here’s the vote count in the 8k: https://gamestop.gcs-web.com/node/18956/html + +EDIT3: And I made another mistake: I meant shares FLOATING not OUTSTANDING. Sorry, I was very nervous when typing the title since I wanted to combat the FUD asap and my ADHD got the best of me. Unfortunately I can’t change the title now. Truly a smooth brained retard. + +Remember all the Trade Republic 🦍 s in Europe who couldn’t vote. All the 🦧 who forgot or simply didn’t care enough or never even knew they could and should vote. + +As someone very accustomed to following democratic votings in any form let me assure you: THIS IS A GREAT TURNOUT. EVERYTHING ELSE IS FUD. 🚀🚀🚀 +[Edit: For those interested, I've written a more detailed argument here. Some seemed to want a more rigorous argument to distinguish it from all the shills and pumps on this sub.](https://www.reddit.com/r/CryptoCurrency/comments/mmf4y9/im_a_historian_so_is_my_cat_elaborating_on_why/?utm_source=share&utm_medium=web2x&context=3) + +TLDR: crypto will be the most important asset of the 21st century. (This post is about long term Hodling and not intended to make anyone expect to get rich with YOLO investments). + +I post this because I want to live in a world where wealth is distributed and decentralized. It may be inevitable that big hedge funds and whales end up scooping the largest swaths of crypto markets. But I'd love to read posts in ten years of the 2 million r/cryptocurrency users who held and accumulated and are financially independent. + +**Crypto is not stock or simply digital cash. sure, according to the SEC it's a commodity, but it's really so much more.** + +***It is land.*** + +**...because certain crypto projects, like Ethereum, will be the foundation upon which the rest of the global economy is built.** + +As a metaphor, think of eighteenth century landholders in the United States. (The colonizers, yes. Fucked up, I acknowledge). They owned the economy's foundation: land. Not only could they reap cash from selling land for a profit, but because land had so much power, they could literally shape the map itself. They had the power to build towns, lease real estate, and even shape government (voting was restricted to landholders for the early part of the century). + +My thesis: Cryptocurrency will be no less powerful. And those who hold it early (because it's still early af) will be the ones who shape the century, *or will at least maintain enough financial independence to smoke bowls all day in your favorite sweat pants like I plan to.* + +**Much like land could, crypto can command resources, accumulate interest, host business development, and much more. Accumulate 32 Eth for your own node and you're the owner of the digital equivalent of investment real estate, earning a dependable ROI perpetually. Own Chainlink, and you control the toll road between phsyical/digital assets. And so forth...** + +This sort of wealth creation comes once in a century, and as big money enters the arena, crypto will become very scarce and very expensive. Now is a person's chance to accumulate a form of capital that IMO will be comparable to land in it's significance to the global economy. + +The big money has known this for years as they quietly accumulated. But it's still early. + +So DYOR, make up you're own mind. Just don't take this lightly, or in 50 years your grandkid's first words will be "dumb fuck". + +\[This is not financial advice: this post was typed by the ass of a very cute cat sitting upon the keyboard while the user lays drunk on the couch\]. + +&#x200B; +This will probably get downvoted to oblivion, but I feel it must be said. Why are there so many people here who tell complete strangers on the internet how much money they have? + +I mean, it's cool to be a fullcoiner, and it's perfectly fine to be proud of your stacking, but Reddit *is not* a safe and anonymous place for this. There are innumerable cases of doxxing on this platform, and bragging about having this or that much makes you a tempting target for crooks. + +Worse still, IRS (and its equivalents elsewhere) are starting to get aware of BTC as a true reserve of valor, and are starting to come down hard on people for not declaring BTC in their tax returns. If you boast about how many sats are on your wallet on a public place like Reddit, what if in the near future IRS investigators link you to your reddit account and prosecute you for not declaring your bitcoins? + + +Stay safe people. +Article: https://finance.yahoo.com/news/palantir-announces-double-click-demo-114500595.html + +Copy and Paste of Article for those of you lazy enough: +Palantir Technologies (NYSE:PLTR) today announced that it will hold the first in a series of "Double Click" demo events on Wednesday, April 14, 2021, at 11:00am ET. + +Palantir software is used by customers across 40 industries worldwide. Double Click is Palantir's series of software demo events that showcase how the company's platforms are used across these industries and customers. + +The first event will feature in-depth demonstrations of Palantir Foundry for life sciences and industrials. Palantir’s customers in these verticals include Merck, NIH, NHS, 3M, bp, PG&E, LANXESS, Doosan, and others. The software demos at Double Click will showcase how customers can use Archetypes, Palantir’s solution to deploy end-to-end use cases in a matter of clicks, on top of Foundry, including: + +Life Sciences: harmonized patient view, clinical and observational data curation, prognostic model management, accelerated discovery via scientific research collaboration + +Industrials: end-to-end quality assurance, production optimization, high-scale IoT analytics, supply chain optimization + +Advance registration is required, and is available at https://palantir.events/doubleclick. Capacity is limited, and registration will close 24 hours prior to the event. For any questions regarding the event, please email double-click@palantir.com. + +Didn't see anyone post about it yesterday, so I thought I'd create a thread and see what people have to say. I think these kinds of demo events will only boost PLTR, especially in the long-term. +[Hello, r\/Superstonk Jellyfish here! ](https://i.redd.it/k2eixqtt63971.gif) + +I want to continue [trying to tie data](https://www.reddit.com/r/Superstonk/comments/od11xo/a_dive_into_lina_khans_first_meeting_as_ftc_chair/) from posts this week together. Specifically, the [jobs report](https://www.reddit.com/r/Superstonk/comments/ocjp7f/us_department_of_labor_june_update_in_june_2021/) and [census report](https://www.reddit.com/r/Superstonk/comments/ocj7ko/us_census_bureau_household_pulse_survey_62_of/). + +U.S. Department of Labor June Update: In June 2021, the unemployment rate was 5.9% and added 850,000 jobs to the economy, including 343,000 jobs in leisure and hospitality. The economy is growing faster than at any time in 40 years BUT is still 9 million jobs short of pre-pandemic job levels. + +14.7 million people are still claiming state or federal unemployment benefits, including 11 million people on federal PUA or PEUC benefits. [There are definitely record fraud claims in](https://abc7chicago.com/ides-unemployment-in-illinois-fraud-report/10367159/) these numbers, but it is a LOT of real people too! + +All of this when average hourly earnings for employees on private nonfarm payrolls went up by 10 cents per hour in June, from May to $30.40, after having risen 13 cents in May and 20 cents in April, for a 43 cent per hour increase in three months, or 5.7% annualized. + +https://preview.redd.it/z7z961e693971.png?width=1455&format=png&auto=webp&s=91a2fe87ea1af4f2e92e1060844138325c219a7e + +I think that number is a bit misleading (white-collar higher-paying jobs haven’t shut down like the service industry for example, so this skewed wages upward) BUT there is definitely a push upward on wages in general in the market. + +Lower-paid employees being pulled back into jobs in large numbers, and this should push down average hourly wages (since those working before were more 'highly skilled'/paid? + +The fact that the average is still rising despite the influx of lower-paid workers shows just how much pressure there is on wages at the moment though. Even with republican states ending [expanded pandemic unemployment benefits](https://www.cbsnews.com/news/unemployment-benefits-states-end-federal-aid/) altogether in most cases. + +Still, even with the big 850k + jobs report, we're still down 9 million jobs from before the pandemic started--remember [the head of the Minneapolis Fed Neel Kasharki](https://www.reddit.com/r/Superstonk/comments/oblqlb/us_bureau_of_economic_analysis_bea_announced/h3oilba) says people returning to work will tamper inflation...(this has me working on another inflation post though, so if you like that topic, stay tuned!) + +[credit u\/assman323232](https://preview.redd.it/n8gzi3of79971.jpg?width=700&format=pjpg&auto=webp&s=69f5c4254ba86c826b4eecc399445cddebc02c12) + +Breaking the numbers in the jobs report down further, the leisure and hospitality industry jumped by 343,000 jobs in June, after having added 306,000 jobs in May, since restaurants and hotels are desperately trying to bring on workers. Yet, total employment in the sector was still down by about 2.18 million people, compared to the peak in February 2020, before the pandemic ‘started’. + +[https:\/\/fred.stlouisfed.org\/graph\/?g=SJz](https://preview.redd.it/4svave2b93971.png?width=1463&format=png&auto=webp&s=189299a331156b4bb5881d2200d7d3d59ea8d028) + +Employment in manufacturing up 15,000 jobs following 39,000 jobs added in May, amid widespread complaints by manufacturers that they’re having trouble filling orders because they’re having trouble “finding suitable candidates for current vacancies,” [according to the HIS Markit Manufacturing PMI](https://www.markiteconomics.com/Public/Home/PressRelease/0501c114d9194cb889d175b0ba828bf1). + +[https:\/\/fred.stlouisfed.org\/series\/MANEMP](https://preview.redd.it/8vxcq4dg93971.png?width=1461&format=png&auto=webp&s=8f0f37594c0cb3294ca281bbdf67d7af733716cc) + +# So it is labor shortages and not just material shortages causing issues. + +# All of this in the backdrop of: + +**• Childcare Disruption: Of adults living in households with children, 9.6% were in homes where children were unable to attend daycare/another childcare arrangement because of the coronavirus pandemic in the last 4 weeks.** + +**• Children’s Telehealth: Of adults living in households with children, 21.3% were in homes where children had an appointment with a doctor, nurse, or other health professional by video or phone in the last 4 weeks.** + +**• Food Assistance from School: Of adults living in households with children enrolled in public/private school, 22.3% were in households where students received food assistance from school in the last 7 days.** + +• Household Telehealth: 23.8% of American adults had an appointment with a doctor, nurse, or other health professional by video or by phone in the last 4 weeks. + +• Planned Trips: 36.2% of adults are planning to take overnight trips or trips to places more than 100 miles away in the next 4 weeks. + +**• Expected Loss in Employment Income: 12.3% of American adults expect someone in their household to experience a loss in employment income in the next 4 weeks.** + +• Telework: 23.7% of adults live in households where at least one adult teleworked because of the coronavirus pandemic in the last 7 days. + +**• Food Scarcity: 9.7% of American adults lived in households where there was either sometimes or often not enough to eat in the previous 7 days.** + +**• Housing Insecurity: 6.2% of adults are not current on their rent or mortgage payment and have slight or no confidence in making their next payment on time.** + +**• Eviction or Foreclosure: Of adults living in households not current on rent or mortgage, 32.9% report eviction or foreclosure in the next two months is somewhat or very likely.** + +**• Difficulty with Household Expenses: 28.3% of adults live in households where it has been somewhat or very difficult to pay usual household expenses in the last 7 days.** + +So really, there is a shortage of people willing to work under the current system of rising but still, shit wages, shit benefits, and shit working conditions, living in constant fear of one's day-to-day security. This is like a quiet strike, just not really organized, ***yet.*** + +# Right now there are over 14.7 million people are still claiming unemployment compensation, including the extra $300 a week from the federal government contemplating life decisions. + +https://preview.redd.it/zhqvl1ps93971.png?width=610&format=png&auto=webp&s=aaad93166bb8554b24bfb088005a9ed3890a4c33 + +In my opinion, this is why the brigading rule has come down HARD, as 'they' are petrified, throwing everything and the kitchen sink, and ultimately Reddit wants to avoid being sued in that fallout? + +But look what the Apes of r/Superstonk have accomplished float-wise with 500,000 members just liking, buying, and holding the stock. + +Let’s say it’s only 10 million sitting at home (because fraud is *that* rampant?) and they all decide to buy two shares at $202.80 for $405.60 (the last bit of discretionary income they have left say, since 3 stimmies were sure enough to cover us all through this, right ???). + +[you can see the 3 stimmy spikes... ](https://preview.redd.it/emc3uax8a3971.png?width=1459&format=png&auto=webp&s=0886880ed03cd8cf03ac9e1f486935e28bdb1c0f) + +That’s a hole that gets 20 million shares deeper and now with something enforcement agencies and politicians fear the most—more voices. Voices that will garner more MSM attention, which will perpetuate more buying… + +**This situation terrifies them. They could laugh at Occupy Wall Street since it was a group composed of idealists and people with little skin in the system, railing at the system from the outside. This is hitting them from within, and by their rules.** + +If luck is when preparation and opportunity meet, there is ‘luck’ in this rhyming moment in history. For preparation, Apes who just like the stock have DD and Zen out the wazzoo—the price goes up, hold, the price goes down, hold, the price goes sideways, hold…. + +This preparation paired with the opportunity of another 5% of the working population discovering, educating themselves on, and potentially buying tickets to the moon? This is 'LUCKY' and is what is different from 08, there is a big percent of the population willing to reevaluate their lives right now. [This is true across the world as well!](https://www.nytimes.com/2021/07/03/world/asia/china-slackers-tangping.html) + +However, the more Apes join in this 'attack' (yeah, buying and holding is an 'attack on the system'.../snark) the worse this gets for them. + +https://preview.redd.it/mw5s4uyhb3971.jpg?width=274&format=pjpg&auto=webp&s=5304ea437a16f601697751f9f1cb6a16cbe6d6b3 + +https://preview.redd.it/aup3ru4jb3971.jpg?width=640&format=pjpg&auto=webp&s=93b5bef99f91cbe19d7a5e99805bd3fd6fc29c06 + +Last comment /social commentary I would like to make. Yes, the idea of more Apes joining the cause is exciting. But these are the ‘just don’t dance statistics’ too. This just sucks all around and leads to an anxiety-filled environment all around. Hell, even of people who ‘have made it’, [60% of millennials earning more than $100,000 per year are living paycheck to paycheck](https://www.businessinsider.com/high-earning-henry-millennials-six-figure-salaries-feel-broke-2021-6). + +What is even winning in this current system? + +This is leading to [greater alcohol consumption in America](https://www.theatlantic.com/magazine/archive/2021/07/america-drinking-alone-problem/619017/). Prohibition is not and never is the answer, but the causes of this anxiety and drive to drink have to be addressed. + +[https://www.youtube.com/watch?v=3Xa1L01ZNaY&t=144s](https://www.youtube.com/watch?v=3Xa1L01ZNaY&t=144s) + +'Like Loki, Maher can be a smarmy worm, but he loves to be right!' I do believe he tries to be an honest broker, please don't hate me if he's not your thing. + +So Apes, on this long holiday weekend, please take care of yourselves and look to the person to the left of you and to the right of you—we are all in this together. + +Have a great rest of the weekend and enjoy the fireworks! + +[BOOM!](https://i.redd.it/yg7orrgrb3971.gif) +Spread the word. They don't send out local sale papers like target or whatever. It is basically just the internet. LUCKILY GameStop has a badass following and we need to be their marketing volunteers and customers. Spread the word, share their tweets, like their posts. BUT for MOASS's sake, go to the store and buy anything, ANYTHING. I went to my local Gamestop this weekend and found their normal section of clothing was gone and replaced with cardboard boxes full of T shirts and games. Everything was $7 I think. So go grab a shirt or game or two. They NEED to get rid of this stuff. And WE NEED to do something about it. + + + + +https://preview.redd.it/uttuxilpp4b91.png?width=598&format=png&auto=webp&s=de972a44ea5260942b05ea31aaf9d5e6e9595954 +I have recently started doing some work as a sole trader where I am paid in Ethereum. +I understand that I need to pay income tax and NI on this, and that it is taxed as a % of the amount of the cryptoassets when I received them. + +What I am wondering is whereabouts in the self assessment do I declare: + +1. The amount that should be taxed +2. The value of the coin when I received it +3. Which coin it is +4. The wallet address as proof of the above points 1 to 3 + +Any information on this would be extremely helpful. + +Cheers +A big reason often cited as to why people don't seem to actually have a higher income as their salary increases is due to the dreaded lifestyle creep. Aside from the expense of children, I would actually see my expenses decreasing with age due to ending rent, paying off car, figuring out more efficient ways to cook, etc (I'm relatively young, non homeowner, small car loan). + +What are some common sources of lifestyle creep to keep an eye out for? +I'm 36, I have essentially met my FI goals due to the sale of a startup in 2015, but I've hit an unexpected obstacle: my own mind. + +I don't enjoy working and never really have. The extra cash doesn't make much of a difference because for the foreseeable future I am simultaneously (1) in the top tax bracket, and (2) for reasons outside the scope of this post, unable to get a job that pays better than minimum wage. + +Basically the only reason I still work is because I'm unable to visualize how else I'd spend my time and to keep my in-laws from thinking I'm lazy. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I mean, we are constantly under the menace of a stablecoin's depeg, and Tether won't show its papers and is constantly minting billions like they were Monopoly's mony, and TerraLuna fucked up like 40b of our monies screwing up all the cryptosphere and Jesus you have to deposit fiat on CEX in the first place, so you got them on there, so, why?! why? I mean: WHY? + +Wtf, it tilts me big time, how can you be ok with that? I am not. I hate stablecoins, they look like crypto parasites to me. We should start quitting CEX that won't allow for fiat trading. /rant + +&#x200B; + +EDIT, THE DAY AFTER -- I think your comments show that a debate on this is very important as they are of capital importance for the cryptosphere and yet many of us don't fully understand why stablecoins are there and how they work (I put myself in this category). A big thank you to evb who contributed and especially to those who cared to explain things. + +On a side note, I'm thinking reddit should show both upvotes and downvotes, side by side; it would give a better picture of what is going on with those. Btw I got downvoted to hell for neutral polite messages like "Oh, this makes sense!": ahah dunno what's up with somebody here lol +People, it is called Portugal : + +\- No crypto taxes + +\- Cheap cost of living + +\- Very nice weather, good food and nice people + +\- No security issues + +\- Lots of beaches to relax or surf, beautiful cities and all kind of good services and activities + +\- Good infrastructures for remote work, co-work and develop businesses + +\- Very good place to invest in real estate too, as there is a lot of tourism. + +&#x200B; + +Come to Portugal and enjoy ;) + +&#x200B; + +PS: The beer and wine are great too! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! +i was wondering about Bitcoin and Ethereum specifically? i know earlier in the year there was something that was put out about ICO tokens and the DAO. but i don’t know if btc or eth are actually tokens. +Hello, + +I'm a 24-year-old from Gold Coast, Australia + +A few years ago I had a horrible accident that I don't like to talk about but it has left me bedridden. I can walk again now but doing any hard activities even sitting at a desk can hurt . I want to work, I'm getting bored of doing nothing. + +I have a passion for IT, I have done many certificates and am starting further study online for IT and Digital Media which should be fun. I can't code but I can use the adobe suite perfectly. These are just a few of my talents. + +I was wondering if any fellow Australians would know anyone or anyway to make a living doing my dream job from home. + +Thanks reddit <3 All suggestions welcome +Hello all, + +TLDR; + +Got rejected from discount, CBA acknowledged i was on the highest rate, reached out to manager who set our loan and pass on discount. + +Love this group a lot and i think few weeks ago saw a post on another individual who got rate discount. + +I am with CBA and thought to give it a go via their app auto messaging, when i reached out to them they had informed me that i am at the highest concession rate and i am eligible for review every 3 \~ 4 months. + +So i had asked them to review through as i have also receive an offer from HSBC to be at 4.64%. + +I then proceed to have them for a review, only for a specialists to informed me that i am not eligible for discount. + +Instead of giving up, i ended up asking them why and how they came to the conclusion since they acknowledged i was at the higher rate, CBA proceed to gives 1000 reasons on a process that they worked with. + +Only then i got send with a blunt response to say the case is close, i wasn't too happy with it, i then proceed to wrote a letter to my account manager who had set up our home loan initially for them to review, only for the review to come in favour of the discount and now going through it. + +I think is worth to be firm and to keep negotiating with them until someone who can action through and help with the discount part. + +Hope this helps with your discount rate as any discounts will help long run ! + +Cheers +I'm asking because its easy to say "I should have invested company X years ago" in hindsight but its another thing to invest in something that hasn't yet proven itself a reputable company. What made these companies worth the risk at the time? +As a tribute to our guru & saviour Elon Musk and the anniversary of the SpaceX mission, we have minted 28,061,971 $ELONX (birth date of Elon Musk) and we’ve split this into two potions. One portion goes to providing liquidity & to presale participants and the remaining portion (10%) goes to a locked wallet (‘Tesla Wallet’) which will be released to a lucky wallet address holder once Elon tweets or retweets the $ELONX token. +How can you win? +Be a holder of $ELONX. + +Elonxonomics: +Max Supply: 28,061,971 ELONX +•Presale: 50% +•Liquidity Uniswap: 40% +•Tesla wallet: 10% +(No minting capabilities, developer or marketing tokens in existence) +The moment Elon Musk tweets " ELONX" from his official Twitter page the lottery stops and all holders will be eligible to win the Tesla(s). +Hard cap: 2 Tesla model X and 1 Tesla model S (25 ETH). +Looking to get some opinions on the CFA vs CAIA designation. If anyone has either or both, would love to hear which has had a bigger impact for your career. + +I'm studying for the CFA but the subject matter is dry for me... ethics, accounting, and economics especially. + +Equities, Fixed Income, and Alternative investments is especially much more interesting to me. + +I currently work for a fund administrator, specifically updating alternative investment valuations and get the opportunity to see many top hedge fund notices and letters. + +I haven't given up on CFA but if I don't pass in June, I'm leaning towards jumping on the CAIA train. Especially since I live in Connecticut and the CT hedge fund association has said it's their top recommended designation for the hedge fund industry. There's more hedge fund / alternative firms here than straight up equity funds. + +I'd more than love to hear what all you have to say! +I'm getting a lot of experience with equity analysis now, working for an investment club at university. I find it extremely rewarding at times but sometimes I just get really sick of it. + +Trawling through 10Qs and 10ks and then other reports looking at macro drivers etc... Doing a week's worth of analysis only to come to the conclusion that this is unlikely to be a good investment. I don't really enjoy the unpredictability of finance but such is the nature of the game. I don't like how you can put so much time and effort into researching something and you could ask someone on the street to pick a company at random and their decision may be better than yours. I guess it's all about reducing your chance of error by doing good analysis. + +What parts of finance do you love/hate? +I haven't been following the market at all this year and I recently noticed that the market is very bullish (thus far) this year. What caused the market to be so bullish? Was there a particular event that triggered it or is it just cuz? +I feel like a have firm understanding of all the basics and I'd like to continue more advanced stuff. I am a finance major right now, so that helps, but where else can I go on the internet to further my knowledge right now? +I am addicted to LEAPS and trying to figure a way to play AMZN. I always look furthest out and noticed them listed, but without pricing yet [AMZN LEAPS](https://imgur.com/a/4Ft8OHn). + +Thinking of selling out of SPY shares in wife’s IRA and doing a 2024 LEAPS on AMZN for a strike that is priced at $46K. I would then of course sell .10 delta 30 DTE calls over it. This would result in $1-$1.2K a month in premiums. + +Edit: some people are confused on LEAPS. If you are in the options thread you should really know what they are. InTheMoney (and others) [explain all options well ](https://youtu.be/95suqaJcFtU) for a good basic understanding and the one I linked is on LEAPS. +I attended a conference at the University of Nicosia organised by the ruling political party (DHSY). + +The University and the Cyprus Stock Exchange were very positive about this. Neo & Bee officials said that they will give any assistance needed. + +The Chairman of the State Stock Exchange said they lack knowledge of bitcoin and will welcome any help from the University & Neo. + +If they manage to do this, Cyprus will become the center of the bitcoin world! + +Check the presentation of the University's CFO, Dr. Christos Vlachos, here: + +http://www.paideia-news.com/content/files/62452025.pdf + +Especially page 13 where he talks about the proposal of the University that has been made to the Cyprus Government to make Cyprus the center of the bitcoin world! A real visionary!! + +Here is a translation of page 13: + +**PROPOSAL TO THE CYPRUS GOVERNMENT FOR CONVERTING CYPRUS INTO A WORLDWIDE HUB FOR BITCOIN TRADING & PROCESSING + +We believe that Bitcoin offers a significant opportunity for innovation and development: we would like to see Cyprus using its powerful human and academic capitals to become a pioneer in this regard. + +All that the state has to do is to create a regulatory framework for Bitcoin businesses in Cyprus: this will eliminate/reduce the risks associated with digital currencies such as counterparty risk. + +We can create an entirely new industry in Cyprus based on Bitcoin and digital currencies. + +There will be major foreign investments in the economy, large annual income from its trading in the official Cyprus stock exchange and creation of new jobs. + +Zero investment from the government. + +The opportunity will not be there forever . Already other countries make similar moves e.g. Singapore , Switzerland , Denmark.** + +Just looking over a few Subreddits here like r/technology or even better twitter, you can very fastly see the mutual hatred for Crypto there. Posts about crypto usually get bombed with the most classic argument after its all a scam: "crypto is killing the environment due to mining". + +I mean it's right to some extent that crypto is using electricity that is unsustainable for mining. With that dancing the environment. But those people are onto some other stuff. Many thinking that all 5k cryptos use mining that is 100% unsustainable. + +So let's be clear very few cryptos nowadays use pow and even then the energy for mining is getting more and more sustainable. At least already more than their beloved banks. + +Seeing so many people uneducated about crypto but spreading hate shows how much growing room we still have left. +Curious as a newer trader, I know things come with time, learning, mistakes, & DD but I am interested to see how long some of you more experienced traders were into trading before your first big trade. +Instead of a NFT dividend, GME might be doing a share recall and conversion of real shares into NFTs? Brokers and MMs can’t convert or create synthetic NFTs. They would be forced to cover, before the share recall. Once that’s happened, everyone would know whether they owned real or synthetic shares, something the media and regulators couldn’t ignore. Hedge funds can’t short NFTs. They can’t be traded on dark pools. PFOF doesn’t affect them. + +I know we don’t talk about the popcorn company here, but I hope GME is talking to them & other heavily shorted companies about this. GME could turn this into another revenue stream. For a nominal price, they could help other companies set up and execute it for them. The more this happens the more it hurts hedge funds, brokers, and MMs, that have been screwing us. +So basically Turkish president announced a new savings accounts where you will get the regular interest + difference in USDTRY gain at maturity if you save your money in Turkish lira. They will aim to achieve this by printing more TRY. + +Example. You sold 10 USD for 100 TRY. Kept it in TRY savings account for a year and collected 120 TRY. If at this time 10 USD is worth 200 TRY, government promises to give you additional 100 TRY. + +Correction: not additional 100 TRY but the difference 200-120 = 80 TRY. Which makes the worst case scenario worse than just holding USD savings account. + +Sounds pretty dumb tbh. Is there any other country in the world history with a similar savings account? What were the results? +Time in the market is the key factor, so if you're patient, you'll make decent money regardless of how much you have invested. + +Even if all you have invested is a few hundred dollars, that amount could be significant to you, and the gains you receive will also be significant, A smaller investment at first is ideal to test the waters, it gives you time to understand how crypto works, and do your own research on projects. DCA helps manage your Crypto investment, and is a favoured method of the sub. + +When I started I would've been amazed just to double my investment, things are looking good now thanks to my patience. Remember, only invest what you can afford to lose, do your own research, and don't be afraid to ask, we're friendly here. +https://www.wsj.com/articles/walmart-lays-off-hundreds-of-corporate-workers-11659558590?siteid=yhoof2&yptr=yahoo + +Walmart Inc. WMT is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. + +The retailer began notifying employees in its Bentonville, Ark., +Single parent 55 UK. +Last year I saved £143 from 1 Jan to 31 Dec. +No holidays and pretty much given up on days out for the kids. +I stretch out a meal for one takeaway once a month as a treat. +Cancelled season tickets for local football team...cancelled Netflix and xbox gold. +I earn roughly UK average wage in a job I hate and am lucky to have a mortgage which costs about a third of my income...and is much less than local rent. Mortgage wants me to work till I am 72...there is no way I'll make that age. +Like so many places inflation is rocketing and I think by the end of the year I'll look back on +143 as the good old days. +Heating stays off now and when my kids are at their mum's I don't turn lights on. +My only ambition is that one day I can leave my house cost free to the kids. +Fuck the billionaires and the corporations and the politicians in their pockets. + Hey guys! + +Have you heard the news about the imminent decline of the crypto industry LOL? It never ceases to amaze me that people write such things and many skeptics and critics still exist even despite the success of crypto in 2021. I think such people will once again be disappointed and we can show new heights and set new records. I personally expect total capitalization growth and bitcoin value of 100k. Also a lot of cool projects came out last year and I think this year we will hear a lot of new names that will be the future of the crypto industry. Moreover, I've already seen many new, young projects that have surprised me and I think will make the range of possibilities of crypto bigger. + +Projects are already being created that help crypto and make its existence easier. I recently found out about the MagicSquare project. A new platform for crypto created on blockchain whose main task will be to unite the community and developers of crypto applications in one place, where it will be convenient and safe for everyone. + +I consider MagicStore to be the most promising area of the project. Developers will get easy implementation and development of the application with the necessary help and a large user base. And we, the users, will be able to earn and get money and tokens just by downloading and using these applications. +https://finance.yahoo.com/news/amazon-said-talks-buy-bankrupt-065505605.html + +Amazon with JC Penney's physical footprint would be unstoppable. WalMart would be in big trouble if that were to happen +November 12th: https://www.wsj.com/articles/inflation-bets-give-a-boost-to-small-cap-stocks-11636885800 + +"Inflation Bets Give a Boost to Small-Cap Stocks +Smaller companies can manage inflationary pressures more quickly than larger ones, say investors who are seeking refuge from price increases" + +November 12th: Barrons +https://www.barrons.com/articles/cheap-small-company-stocks-51636763053 + + +Small-Cap Stocks Are in Line to Be Big Winners in 2022 + + +Look at the 1 month chart and it's been a steady drop since these 2 articles happened. Very frustrating as I went all in on small caps and they are easily my biggest losers especially on a day like today with the market super up. + +Since the 12th, there has been only ONE day the Index went up (by a measly 5 points), every other day has gone down. + +https://www.google.com/search?client=safari&rls=en&q=Russell+index&ie=UTF-8&oe=UTF-8 +I have a penchant for rambling so I'll try to keep this short. I went to the ER 03/08/2017 ~2:30 AM with a deep laceration on my shin. Drove myself there and everything, but it looked like it needed stitches. Poor college student with shitty insurance. + + +I asked how much it would be if I paid cash. They said $250 upfront, rest later. Said I don't have $250. Told me to let them look at it anyway. Went to a room (no one else was there), Dr said it needed stitches. I said I couldn't afford it, one of the receptionist ladies insisted on checking my insurance card. She ran it and found out that I was right, no coverage. They asked if I wanted to stay or leave, told me it would heal on its own but it would have a scar. I said I had to leave. I asked the Dr if I would be billed, he assured me it was a nonurgent medical screening exam and I would not be charged. + + +Lo and behold, I received a bill today for $367.40. Anything I can do about this? I called them and was told to call the billing people tomorrow, they're not open right now. Just want to provide what I can and be prepared. I don't want to pay $367.40 for receiving no care. I stapled my own fuckin leg to avoid this, if I knew I was gonna get charged I would've just stayed and got treatment. Edit: this is TX by the way. +I know the last couple days everything was crashing down, but will it continue moving down tomorrow? And next week? I lost quite a bit of money today and I just want to know how tomorrow will be!! Does anyone know? Not a bot either. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I was listening to the Adam Corolla podcast when a caller used this phrase. Corolla said "you want to be in earn a dollar mode, because it's hard to be in both at the same time." + +I think this was extremely astute. I've noticed people tend to err on one side or the other and doing both is very hard to do unless you're meticulous with spreadsheets and make FIRE a full time occupation. For many people on the path to FIRE, I think focusing on income more than expenditures will end up being more fruitful and less difficult. That's how it was in my case at least. +Seriously. A limited market cap. If rich people own value generating assets like houses, wouldn't all the bitcoin eventually flow to the top 1%? If society was based on revolving only around bitcoin what would happen when the top 1% owns even 95% of all bitcoin? Common folk would be dealing with single digit Satoshi's. With cash the Government can print more and give to the bottom class to keep them afloat or to fund the military personal, etc. What happens when the rich eventually accumulated most of the bitcoin? + +TLDR: Actually curious if my logic is flawed. Someone explain. +I started thinking about reasons why RRPs decreased today, and then I was reminded of a [post last month that predicted the price action from May 25th into June](https://www.reddit.com/r/DDintoGME/comments/nlzqvs/gamma_squeeze_alert_the_future_ahead/) and how it could've related to reverse repos. Essentially, i'm speculating that the reverse repos dipped today because someone got margin called and unless they satisfy their margin requirements within T+5, they will be forced to cover on July 5th. **This means watch for dips in ETFs that last up to 6 days** (T+5). The deadline for satisfying the *theoretical* margin call would be **July 5th**. Also, i'm currently reading through 002 to see if it throws a wrench in this idea. + +***FOR THE LOVE OF GOD*** don't take my smooth-brained speculation as gospel. I just recognized some patterns and that's it. In all likelihood, it's all unrelated. That's my *no dates* disclaimer. + +&#x200B; + +May 17th: + +\- [RRPs decreased](https://fred.stlouisfed.org/series/RRPONTSYD) \~$32 billion but gained 4 participants + +\- [Mark Cuban tweets](https://twitter.com/mcuban/status/1394322533323837447?s=20) ominously about margin calls + +\- MSM talks about margin call rumors + +\- Aggressive shorting keeps GME under $180 from April 6th, 2021 until May 17th - closing price: $180.60 + +\- A dip and attempts to cover start from here to may 25th + +May 25th: + +\- After T+5 days of an attempt to cover by closing other positions (dip in the SPY), they presumably fail and are forced to cover around the same time of the T+21 cycle + +*Keep your tits inside the vehicle at all times.🚀* + +**EDIT:** + +To clarify, there are **74** counterparties for RRP today and there were **75** yesterday. Was a participant from yesterday margin called? Who's to say. The RRP decrease was \~**$41 billion**, well within the $80 billion limit. + +Generously contributed by u/ravenouskit are the RRP values from the aforementioned dates: + +* 5/14, $241B +* 5/17, $209B +* 6/24, $813B +* 6/25, $771B + +Also, I edited the shit out of the OP with better info. Might do it some more. +Edit: thanks for the awards :) + +I swear I’m not being paid to advertise. I have been using the Yahoo Finance website for the last while to keep track of some of my stocks (the ones I can’t get through my main broker because TD’s way of displaying data is needlessly convoluted). + +I just decided to download the app on IOS and it blew my mind because it put everything in one place. + +It lets you add a list of your favourite tickers so you can see them all on the same page in real time. + +After you create a list by adding your favourite stocks you can click on “list details” and there is even a customizable table where you can decide which details you want to see for your stocks (52 week high, day high, day low, volume, avg volume etc). + +It also lists upcoming earnings reports for your favourite stocks. + +And if you scroll down on any page it lists news articles related to the stocks on your list as well. + +Now, instead of doing frequent searches for all the stocks I’m following to get updates I can just sit back and let it all roll in (I’m still going to cross reference for a while because I don’t know how accurate they are). + +This is probably a bit random and I’m sure there are more experienced people who will scoff at this but it just made my day. +whats up apes! + +I’m here on a sunday afternoon chilin w my baby apes. we are nsavoring these future tendies. anyways back to the topic. i came across some information regarding Citigroup that could be crucial information that needs more eyes. if they are short GME then this could be interesting in regards the current US financial economy. + +some basic info froom 2008 - Citigroup was the largest bailout from the feds. THE LARGEST. + +heres an article about it: + +&#x200B; + +https://preview.redd.it/m60aix3cvwe81.png?width=1368&format=png&auto=webp&s=73d2b8ebee849eef31b44139d880e0d78f0455c8 + +&#x200B; + +[https://money.cnn.com/2008/11/23/news/companies/citigroup/index.htm](https://money.cnn.com/2008/11/23/news/companies/citigroup/index.htm) + +before the bailout, they unloaded more than 400B in assets to “get fit”. here is an article about it: + +&#x200B; + +https://preview.redd.it/403rlpelvwe81.png?width=1346&format=png&auto=webp&s=3779d45455869628985f6a23a01736865b6c1c53 + +[https://money.cnn.com/2008/05/09/news/companies/citigroup/](https://money.cnn.com/2008/05/09/news/companies/citigroup/) + +crazy how they escaped bankruptcy. they got bailed out, stock plummeted and guess who shows up to save the day? duh Feds. + +which comes back to the Plunge Protection Team. they were created to stop the market from failing. previous post i shared goes a bit more into detail (mods censored my post due to “monetizing” not my video first off, was just sharing cause i believed the info within it needed more eyes and wrinkles) + +there are more apes doing more research on the plunge protection team ( i would hope) + +back to Citigroup. they were at the verge of collapse back in the 2008 crisis. is the same thing might be happening now? + +looks like Citigroup might be on to selling assets again to “get fit” but i haven’t seen much information about it on SuperStawnk. + +&#x200B; + +[looks like theyre preparing a sell out](https://preview.redd.it/g7zfklxrvwe81.png?width=2536&format=png&auto=webp&s=011a12025526d6176e55b5a714d03e0bb5c5a925) + +&#x200B; + +https://preview.redd.it/mim7plwzvwe81.png?width=1086&format=png&auto=webp&s=d18289e95c7a318944d2c0351572d4cee7e84086 + +&#x200B; + +https://preview.redd.it/shl4edj2wwe81.png?width=1106&format=png&auto=webp&s=7003c6f3551591710529ec1273e7e0e9d5a97bc8 + +sources: wawll stweet on pawade (couldnt directly link the sources as mods prohibit info from there but i thought this was pretty interesting if anyone wants to chime in ) + +THE same douchebag who almost bankrupted citigroup IS STILL IN CHARGE LMAO + +CANT TEACH A OLD DOG NEW TRICKSS LMAO + +what i dont know is if Citigroup is short GME? + +seeing that the feds are growing tired of this goon, would the Feds this time around not bail them out? could it be possible they say FUCK EM and let them go under? or will the Plunge protection team once again save this POS. this mf has sold more derivatives than a mf. + +&#x200B; + +[january 2020 they started selling CDS ](https://preview.redd.it/ngtb6jqaxwe81.png?width=1050&format=png&auto=webp&s=1ca2d8fecc80e565d908d2445be4e700b155f00b) + +the real question which correlates to GME is if they are short and the feds do NOT bail them out, could they get triggered to a margin call and set off more dominoes??? + +currently looking into more banks, apes feel free to discuss and criticize if it doesnt belong belong in this sub mods free to delete + +need more eyes on these banks that hold our money!!!!!!!!! + +TLDR + +citigroup is selling their shit again just like in 2008 . could them cashing out mean their end is coming? if theyre short GME would it help trigger the moass?? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +https://www.businessinsider.com/jeff-bezos-amazon-donate-to-help-australia-recover-from-fires-2020-1 + +Bezos said in a Saturday evening Instagram post that Amazon would be donating $1 million Australian dollars (roughly $690, 000 USD) in "needed provisions and services" to help Australia recover from the devastating fires. + +"Our hearts go out to all Australians, the country's communities, bushland, and wildlife affected by the devastating bushfires," the company said on its website. "Using Amazon's unique logistics and innovative technologies, along with cash donations to support organizations on the front line of relief efforts, Amazon is contributing AU$1million to national efforts to provide relief to communities impacted by this natural disaster." +Obviously, the most talked about news of the week was Facebook’s huge earnings disappointment, which lead to a nearly 19% drop in value for the company’s shares yesterday. With that being said, I’ve seen a lot of people now talking about getting into $FB because it’s now at some sort of discounted price while still being the same solid company. + +I’ve often wondered the same thing in similar positions, whether to get into a good company that had a disappointing earnings report and is now trading at a discount to the previous price. But what I’ve often found, and what I believe to be the case here, is that we should shift our attention to another company in the same sector. After all, in the interconnected world we live in, macroeconomic forces have a huge impact on our investments. + +What I mean is, if you were a buyer of $FB before this earnings release, than you know that the core business you are buying is Facebook’s online advertising services. So instead of getting into $FB at a discount, why not get into a company that has produced a higher quality advertising business! This is not a revolutionary call, but my suggestion right now is to get into $GOOGL. + +As Warren Buffett has said (you see me quoting him a lot here because we should all be investors, not traders), “it is better to get a great company at a fair price than a fair company at a great price”. Facebook is a quality company now being offered at a discount. But if we are investing, than it seems prudent to turn our attention to the far better business at this time. + +Alphabet offers EIGHT - count em, eight - platforms that have over a billion users, meaning advertisers have far more diversity of services to choose from to advertise their products. Facebook just has one, or maybe one and a half if you count Instagram. Facebook has warned that profit margins are going to continue to decline through 2020, while Google has shown remarkable stability in getting revenues to outpace costs. Google posted nearly 24% yoy growth in the advertising business in Q2, and, the hardware and cloud services business that is being counted on to drive Google into the future, saw a robust 36.5% yoy improvement. In addition, traffic acquisition costs for Google were down just slightly as a percentage of advertising revenue, even though total costs did rise. + +This may be an opportunity to get into $FB, but I think the real upside play here is in $GOOGL. + +Stack that paper friends. + +LONG GOOGL LAST $1276.90 + +AF + +Took the plunge and went to my first auction today - mainly out of neighbourhood curiousity. No bids other than a vendor's bid at $2.5m, which I found quite interesting because a "complete gut job" around the corner went for $2.35m two weeks ago (there was little that needed to be [or could be] done to this place). + +So /r/AusFinance, what do you think: Are buyers looking for "fixer-uppers"? Is it worth leaving something to do in order to attract buyers that might be thinking they're getting a bargain? + +The chairman of the $162 billion Future Fund, Peter Costello, says the recent stock market rally is "optimistic" and investors may have failed to factor in that the economy won't bounce back to its pre-coronavirus state. + +The local S&P/ASX 200 Index is up almost 19 per cent from its March 23 low. + +"Markets have decided the crisis is over," Mr Costello said. "I’ve got to say, its a pretty optimistic view that it’s all over now. + +"I don’t know that it really makes a big enough allowance for … that even when we do come back, we’re not going to come back to 100 per cent of where we were. + +"There will be an ongoing economic downturn which will take some time to overcome." + +Mr Costello, the country's longest serving federal treasurer, encouraged state governments to lift their lockdown restrictions as quickly as health circumstances permitted. + +"Every day we remain closed makes the bounce back harder," Mr Costello said. + +"Obviously, there’s a public health issue. But, my view is we don’t want to stay closed a day longer than we need to. Each week and each month means the number of businesses that will come back will be fewer." + +Mr Costello said once restrictions were eased, much of the business sector would recover. + +However, the "destruction" from the coronavirus containment measures meant some businesses would never come back. + +"This is going to bring some, in my view, permanent destruction in its wake," he said. + +"We will bounce back, but it won’t be a 100 per cent of businesses that bounce back. + +"To that degree, it’s going to take some time to get unemployment back to 5 per cent. + +"If we peak at 10 per cent or 11 per cent, I think we’ll get back to 7 [per cent] pretty quickly, but I think it’s going to be a long hard grind to get back to 5 per cent unemployment." + +Retail and hospitality will be among the most challenged to reopen their doors. + +"Some retail businesses which have adjusted to online sales will decide that they won’t reopen stores," Mr Costello said. + +"Some hospitality businesses that were on a week-to-week cash basis will find that, having been closed for eight weeks, they just can’t open. + +"Some rural and regional newspapers were being structurally challenged already by the internet digitisation and closed, they won’t reopen again." + +https://www.afr.com/markets/equity-markets/market-rally-is-optimistic-says-costello-20200513-p54slx +Am I missing something super simple here? + +What’s stopping the price of commodities going up another 5% to make up for the cost of a 5% increase to wages? Aren’t the price of the two correlated in some way? + +If this is the case then won’t we be back at where we started? +We have an approx 400k home loan with westpac at 5.44% variable, set to rise by 0.25% shortly. From what I can see online, this seems more than 1% higher than the market rate. + +New to this, but is it worth the hassle hunting a better rate once you include fees, transfer effort etc etc? Any helpful thoughts welcome! +Been lurking here and in the FI sub, but not sure which one I belong to. Also pretty new to Reddit generally. See lots of people using a throwaway and not always sure why, so below is intentionally vague; not a throwaway. + +Before I start posting actual questions or commenting on other posts, is this the right sub for me? If not, is there something between fatfire and the plain old regular fire sub? While I don't think income/wealth necessarily correlates with sophistication, I can already tell that the average advice I will get in r/fi will not be very helpful. Generally speaking, my situation is somewhat analogous to doctors like "the white coat investor" (great podcast BTW), but I'm not a doctor. + +Separately, what is best practice for using a throwaway? + +It looks like I can reach between 3.5 and 10mm in investment assets (in 2018 dollars, assuming 3% inflation) for RE. Analysis depends on RE age (47 vs. 52) and estimated returns (between 4 and 10 percent real). Both re portfolio estimates would scale up with increased savings rate (amounts already increasing YoY with conservative estimate of increased income). Live in HCOL area. Pretty much all w2 income. Allocation to index funds currently, but fairly conservative at the moment since I derisked a bit in January and August 2018. + +Would be asking about taxes, new asset types (i.e. hard money lending, pre-ipo equity...), possibility of strategies other than buy and hold, real estate, etc. + + +I'm debating if I should pay off my mortgage as the rate bumped up another .25% this week. + +When the rate was lower it was easy to ignore but given the rate keeps increasing I'm starting to wonder if it might be better to pay it off. + +My financial advisor will remind me that the average net proceeds of that $500k will be higher than the cost of borrowing however my wife will remind me of the peace of mind achieved by paying it off. + +Any thoughts? + +(I am FIRE, around $140k/year burn rate) +Simple question but unfortunately not a simple answer. I’m 100% committed to the process and will do whatever it takes to become consistently profitable. So far I’m experimenting with some strategies of my own on the NASDAQ which I plan to trade, and I’ve read “Trading in the Zone” by Mark Douglas after seeing it was one of the highest rated trading books. I feel as though I can train my mindset right, but I am struggling with the actual strategy part. I tried searching beginner strategies on YouTube but of course I was met with “THIS NEW STRATEGY GETS 10000% GAINS”, which doesn’t help. Where can I learn more about profitable strategies for an actual beginner, or am I looking at this the wrong way and I should be mostly focused on making my own strategy. Please let me know what you professionals have done to learn and improve your trading. I also want to point out that I am paper trading and that I mark every trade I make to define my mistakes. + + +TLDR: Beginner trader, how do I become a professional? +Hello all, + +I have been day and swing trading for almost 2 years now, but I still cannot seem to find my “go-to” strategy, if that makes sense. + +I spent a good deal of time learning about and trading morning gappers, as well as using a break and retest of horizontal levels strategy. Still, neither of these strategies seemed to click with me, as the gappers moved too fast for my liking, and the break and retest strategy had a low win rate. + +As such, I would like to ask you all what your main strategy is and how you developed it? What do your stats as a trader look like after you began using your main strategy? Any advice is much appreciated. Thanks in advance! +Imagine a scenario if the split/dividend still doesn’t force shorts to close. That the system still allows hedge funds to print out synthetic shares to cover up their crime and manipulation? + +But then GameStop’s immediate answer is to trigger an event that guarantees MOASS (ex. share recall), and because there’s 4X the number of real AND fake shares out there, shorters and crooked brokers are on the hook for a MOASS that is 4X more powerful than it would have been without the split/dividend? + +This move would theoretically be forcing shorters and crooked brokers between a rock and a nuclear bomb; rather force your short positions to close now, or when we force MOASS to happen it will be even worse for you. +[https://www.whitehouse.gov/briefing-room/presidential-actions/2021/06/03/executive-order-on-addressing-the-threat-from-securities-investments-that-finance-certain-companies-of-the-peoples-republic-of-china/](https://www.whitehouse.gov/briefing-room/presidential-actions/2021/06/03/executive-order-on-addressing-the-threat-from-securities-investments-that-finance-certain-companies-of-the-peoples-republic-of-china/) + +Executive order active from June 3th, prohibiting Americans from owning/investing in Chinese companies of a certain criteria (mostly all of them) + +This is going to have big implications on the finance sector, Hedgies.r.fuk +I am wondering if $895 for rent (before utilities) is to high for my salary (which is currently $50k a year). I bring home about $2548, I am in my mid twenties, and I am still living at home. I have about 8k in student loan debt, and I am actively looking for a car for about 7-8k (plan on paying cash for it). +Hi guys!! + +I would love for anyone with trading experience giving their input for I think my sister is being scammed. She found a company online that would trade for her, and she ended up paying them $200 to start, and after they traded they sent her a screenshot of the profit that she had made and she had to pay him 10% upfront before it was imported to her wallet. The profit ended being $19000 worth of ETH, which is all great, but now she found out that she has a watch only wallet and isn't able to withdraw or do anything else whilst the account is hers. + +Now they're saying that it is because her account needs to be upgraded and that she needs to pay another $2000 so she is able to withdraw. + +I know absolutely nothing about crypto, but this sounds very scammy to me. Is there anyway this could be legit? The trading was done through TrustWallet. +If for the rest of your life you can only 1 stock for your portfolio, what would it be? You can't buy any ETFs or mutual funds, it needs to be one solo stock. Which stock would it be and why? For me, I think it would be AMZN or GOOGL because of how many different sources of revenue they have. +I work as a Bartender and I have told my boss about bitcoin a few times and he always seemed interested in it. But last night I had a guest that owns a couple of hotels come in that I know, so I suggested for the second time that he should accept Bitcoin. He responded favorably and said he watched the CNN documentary about it, so I was telling him how easy it is to set it up when my boss (a 70 year old ex cop) chimes in from the kitchen and starts yelling at me saying that bitcoin is just drug money and that last year $50 billion dollars in bitcoin was used to buy drugs. + +I said that's impossible because the market cap of bitcoin is less then $5 billion and the amount of drugs sold in US dollars is a hundred fold higher then bitcoin. Then he spouts off that the FBI and CIA have a report talking about how much drug activity is done in bitcoin and that I am pumping a ponzi scheme. + +I responded by saying that if Expedia, Dell, overstock, and Virgin Galactic are supporting a ponzi scheme then that's a much bigger story isn't it. + +He couldn't take being wrong so he just started yelling and making me look like a criminal to this guy that is actually interested in accepting bitcoin. + +So he sent me home, i thought i was fired but then I got a text from his wife saying sorry and that I just shouldn't discuss bitcoin at the bar. + +Seriously, wtf. + +Fuck him, I am applying to work at other bars today. + +Thanks for reading. Just wanted to vent to people that understand. +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. Also it's my cake day so yay. +I had a brief argument with a co-workers over protectionism. I was defending the free market and he was arguing for protectionism. I made the usual comparative advantage argument and he made a variant of the infant industry argument. He basically said that if we have free trade, foreign multinationals are free to come in and set up shop and then take their earnings out of the country [This isn't the U.S.]. He said that if we protect domestic businesses, their earnings will have more stimulus on the economy because they will waste their earnings within the country. + + +Note: This is the 3rd time I post this. If you saw it before, I apologize, but I believe the reddit glitch this afternoon caused my submission to be buried before too many people saw it. +How do/would you respond to this argument? +I have studied economics so I feel like I have some of the basics down (supply, demand, the velocity of money, fractional lending, the crowding out effect etc…) but I don’t know nearly enough for the big picture. What I’m trying to figure out is how things are going to go down when the national budget is no longer big enough to service our debt. As in we don’t make as much money as our credit card payment. I think it is going to drive interest rates up which will cause productivity to drop because no new businesses can afford to borrow money and old businesses can’t make capital improvements. Does this mean a default on US treasuries? What are the implications of that? What is the safest asset class to own at this time? +Reddits website about the Moon Crypto-token was just updated. You can take a look yourself [here](https://www.reddit.com/community-points). + + +>Each subreddit creates its own Community Points token, with a custom name and symbol. + + +>Every subreddit Community Points are unique to it, with a name chosen by the community and a symbol to match. These tokens live on the blockchain, which means they are owned and controlled fully by the community. + +This means every subreddit will be able to create their own token and create their own rules around it +Seeing not even a full number for my position on BTC and ETH just bothers me somewhere deep inside, and I feel like I need at least one full coin of both BTC and ETH before I can relax and let my portfolio grow. Just having a fraction of a coin isn't enough for my OCD I guess lol. +Seeing not even a full number for my position on BTC and ETH just bothers me somewhere deep inside, and I feel like I need at least one full coin of both BTC and ETH before I can relax and let my portfolio grow. Just having a fraction of a coin isn't enough for my OCD I guess lol. +I've always wanted to create an organization that reflected how I thought a small organization should be run. Half Messiah complex and half curiosity about how I would do. + +But hitting FIRE was more important, and my belief was that my employee salary and investments would give me a much higher probability of success than starting my own organization. So, I chose the career path which over the years ended up becoming a fatFIRE amount. I'm still working now. + +There's still that itch though. + +I've been toying around with quitting and starting my own thing. I don't want to jeopardize fatFIRE because of a self-actualization nagging. So, I would set aside a max of say $400K to self-fund. + +The worst-case (likely?) scenario is that I lose $400K which would definitely sting, but I would still meet my fatFIRE cutoff. I could consider that itch scratched. + +The best case scenario is that ~~instead of a Dark Lord, you would have a queen, not dark but beautiful and terrible as the dawn!~~, I create something interesting. So long as the organization is self-sustaining, I think that I'd be pretty happy. + +But a part of me says that I worked all these years just so I could quit my "last" job...to do more work...for personal fulfillment? That part also chastises me for being so unimaginative that I can't find more fulfilling uses of my time that doesn't involve my losing a few hundred thousand. + +How many of you ended up considering something similar? And for those who did and it didn't work out, was it worth it? +I wanted to see what others had experienced in the same situation. + +My wife and I are high earners and don't qualify for a subsidy from the insurance marketplace. We are both healthy, mid-30s. Our existing insurance was fine for us (7,000 deductible in a healthcare system thats dominant in our area and HSA eligible). We had a baby a couple of months back so our situation has changed (we added him to our current insurance). + +We got a notice that our OON benefits will be disappearing, premiums and deductibles will be rising. This is our first experience with shopping for insurance with a baby. For those with babies, what have you all found to be most cost-effective to look for in new insurance plans or is there a metal level I should be focused on while shopping? + +Thank you in advance +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Fuckin el. I was driven blindly by my beliefs instead of data and logic. I willfully ignored apes’ research because I wanted to believe that we were at 500k accounts. I thought “no fucking way we are only at 50k accounts” due to the broker reported DRS volume, the massive amounts of CS posts, and a few more anecdotal bits of ‘evidence.’ + +I thought that a low account number would dissuade apes from DRSing because apes were so far from DRSing the float. Turns out bystander effect is real because a whole lot of apes are just spectating like they are in some douchey twitch lobby. This is not a call to action. More of a…hmmm, other people aren’t gonna spoon feed you your mashed bananas. If you haven’t DRSd, please do some reading on here about the benefits of owning shares in your own name and what the risks are of leaving them with the DTCC. + +If you are skeptical about mod 11, give this a read: + +https://www.reddit.com/r/Superstonk/comments/q8ypae/we_can_put_the_mod11_debate_to_bed_once_and_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + + +💜💜Don’t be a spectator💜💜 +Hey all. Thanks for any advance in the meantime. + +So I have around £11000 in a lifetime ISA including the bonus the government has given me over the years (around £2000 of this). Along with around £7000 in cash in the bank. This was all intended to be a deposit on my first small flat, along with a cheap second hand car for when mine fails out on me. The flat has been put on hold due to energy crisis and interest rates bills, so I'll be staying with my parents for a bit longer until I have a bit more of a stable salary (on £30,000 at the moment but have yearly healthy reviews, West Midlands, and which the current situation I'm very comfortable at home and would rather wait and see how things level out). + +My question is how I can invest my cash. Usually I would just DCH into the S&P 500 or something, but with my intending on using it all within the next 5 years for a flat and car I'm unsure how to hedge against inflation. My other issue as well is withdrawing the £11000 would loss me the government bonus too so that's probably unwise. Thanks in advance! +I think we can all agree that money and finance isn’t really taught in schools or taught well if it is. + +So if you could design the curriculum, what would you include as the most important aspects? +[As Electric Truck Startup Hyliion Goes Public, Founder Is Set To Be America’s Youngest Self-Made Billionaire](https://www.forbes.com/sites/christopherhelman/2020/09/25/as-electric-truck-startup-hyliion-goes-public-founder-is-set-to-be-americas-youngest-self-made-billionaire/#499fecc615c9) + +Intro: + +> If all goes according to plan, Thomas Healy, 28, will become America’s youngest self-made billionaire next week + +Excerpts: + +> According to SEC filings, Healy will be the biggest shareholder, with 22.9% of the company, or 34.97 million shares, worth nearly $1.5 billion. + +> He may not be as slick as the other billionaire electric truck impresarios Elon Musk or Nikola’s disgraced former CEO Trevor Milton, but Healy has one up on both Tesla and Nikola when it comes to getting revolutionary tech onto the road. There are already 20 trucks operating with Hyliion’s electric powertrains, built via ventures with Dana Corp. and Volvo. Tesla said this year it was delaying production of its Semi until 2021. Shares in Nikola meanwhile have collapsed from the $70s to less than $20 amid fraud allegations and the departure of Milton. + +Also: + +> Healy’s e-axle evolved into a complete drivetrain system that Hyliion calls the Hypertruck ERX. Replacing the diesel engine is a bank of electric batteries, which are charged via onboard generators that run on tanks of compressed natural gas. Healy’s approach contrasts with the field’s first movers, including Tesla and its all-electric, battery-centric approach, as well as Nikola, which aims to power its batteries using hydrogen fuel cells. + +And: + +> Automotive parts giant Dana Inc. in March 2019 made an equity investment into Hyliion, and together they are manufacturing and marketing the device to Dana’s slate of customers, including truck giants Volvo, Navistar and Peterbilt. Today truck makers install engines from Cummins and transmissions from Allison. Hyliion hopes to someday join that echelon. First large deliveries of the Hypertruck ERX could come in 2021. +In the next fortnight we will be half way through 2022. It seems like a good time to look honestly at our goals for the year and whether we are on course to meet them. If not then now is the time to make a plan to address it in the second half of the year. + +For me I had two goals: + + + +1. Be debt free for the first time: + +a. Pay off remaining £2,600 of debt currently on 0% CC + +b. Pay off remaining £2,100 plan 1 student loan + +This is on target and will be completed much sooner than expected. I actually had this estimated between September and November but I've now only got £550 left to pay so this will be cleared by July which I'm really looking forward to. + + + +2. Try to add £6,000 to S&S ISA + +I'm way behind on this but this is probably because I've been so aggressive on the debt reduction (which is no bad thing and probably the right order to do it in). + +Due to the increased cost of living and potential recession predictions I'm thinking of changing this goal. + +It's very tight but I think I can still save around 6k but I'm now going to put the first 3k in to increase my existing emergency fund and whatever I manage above that in to S&S. + + +It's been an extraordinary year so far so if you're not on target or you've changed your goals I wouldn't feel downhearted. Just make sure you keep making progress in one way or another. It's all we can really do. +A couple days a go i made a post about [how i feel embarrassed about asking for a raise](https://www.reddit.com/r/povertyfinance/comments/aeei6b/i_asked_for_a_raise_today_i_should_be_really/?st=JR3GHHZ7&sh=0449b45f) . + +Well let me tell you I was shocked as shit when my paycheck was higher than it normally was and I looked and saw an increase. This was a huge surprise for me because my boss has made it very clear that she does not like me and for that i don’t like her right black, I’m still SIGNIFICANTLY underpaid but im looking for other jobs. this was a nice surprise in the meantime. +(LIKE THIS SO THIS BECOMES A TOP POST!) + +I think that if we the people win the AMC war, we should put aside 2% of our profit and try to give back to the less fortunate people(homeless, sick kids) go out and make someone’s day. DO NOT RECORD IT,do not do it because of this post. Do it because we are actual people who care about what hedge funds and WS has done to the general population. + +P.S HOLD THE LINE! +#AMCGANG #APESTOGETHERSTRONG! +TLDR: +In my previous post I talked about swaps and how they would line up to my theory every 70 trading days after a friday. + +[https://www.reddit.com/r/Superstonk/comments/uho8u6/c3llar\_b0x\_this\_one\_proof\_that\_its\_entirely\_moved/](https://www.reddit.com/r/Superstonk/comments/uho8u6/c3llar_b0x_this_one_proof_that_its_entirely_moved/) + +So according to that theory the stock should run next week. Im confident in that, yet I dont know what really is going to happen. Because its kinda tricky. Crossing certain price targets could create a chainreactions which will increase buypressure and lead us mooning. +Hedgies have to stop it beforehand. + + +But lets have an incredible bullish thesis first. *\[All of the post is Not financial advice\]* + +Earnings were always about dipping the shit out of GameStop, doesnt matter whatever they have reported. As soon as the earningscall was on, the stock dumped 10%. + +But now, investors who have bought in... Institutions and some rich guys, they cannot dump it before the anual meeting. They have to hold their shares for the votes to count, that they have given until after the anual meeting, am I right? + +It wouldnt make sense for me, to buy a stock and vote, then sell it before the meeting. Not logical for me. And those who have bought in would expect the dividend in shares. So, no reason to sell again. + +So they literally fucked them with this move. +Not really sure what is going to happen on earnings, but my guess is that they will try to push it in AH. +Then use the excuse for "bullish annual meeting rumours" in the news to justify it. As they always do. + +I guess they will try to dump GameStop after the anual meeting, since votes are casted. +The current golden pocket (an important fibbonacci area) lies at around 145$. + + +&#x200B; + +[TA](https://preview.redd.it/vgczdu9lia191.png?width=958&format=png&auto=webp&s=c3ca51bee825266ca4cdd9942c4ac2b28ba0dd72) + +In my opinon, Hedgies have calculated this move already beforehand. They planned to return it to around 145 then dump it. As it is a critical point that GME moves to the next fibbonacci zone. +The market moves with algorithms, fibonaccis are their home. The computer does all of it. + +But what would it mean if GME crosses 145? +Hold onto your buttcheeks. + + + + +[Another one](https://preview.redd.it/pnxl9yhbka191.png?width=1490&format=png&auto=webp&s=991477153e44868be24d59c2cd7df4e9d1847669) + +At 205 we have the next golden pocket, but from the Top of June Runup to the bottom of now. +We are at this point if this crosses we are heading to the 300+ again. Even 800+. +We have to fill a gap at 290$ anyway since June. Would be nice to finally do so. + +I predicted 170$ to hit 95$ from last time and people didnt like what I was talking about. But I just try to help. Thats my mission on this sub. To be helpful. As many here helped me learn a lot aswell during all this time. And its my passion to talk about my favorite stonk and meme with it all day. + +Looking at this chart, and this TA that I try to provide logically. It is kinda scary. +Hedgies have 1 bad move and they are done for. + +They will try with everything they can to not surpass 145. If they let it slide, they are dead. +It will lead to a chainreaction of these important zones that I marked. And why it can move like that is, because they have made themselves this scenario. Its just logarithmic numbers and computers. The stronger you dump it or push something up, the bigger the fibonacci zones. + +So whatever they wanna do, the algos will just push it and they cant stop it. +GME can in this scenario create another all time high. + +Ill show you another one from the very beginning of the sneeze. + + + + +[200 major zone](https://preview.redd.it/emmonynxma191.png?width=1550&format=png&auto=webp&s=993c723b14dd3bc82fbd9c2e8ddb853d667d1cfc) + +Busting through 200 here and this fibbonacci zone, we are heading to 2,3K. +Its all algos. And I think this is where the stockmarket will crash. As they all will get liquidated. Through all the golden pockets I showed you before. + + +Imagine this jump to 2,3K and then trying to retest the 480$ area. I know its sounds crazy af. But its legit. +This is where you will get tested wether you paperhand or not. Incredible pressure, understandable. +But I dont care, its just numbers for me, and I aint sellin shit before I see what I wanna see. +During this time I would expect the biggest FUD ever, the "SQUEEZE FINALLY SQUOZE" yea, at 2,3K. +Kinda believable for the normies. But not for diamondhanded apes. + +Lets say, we are heading to paperhand area, 480. Retest. + + + + +[6k](https://preview.redd.it/slvcj19xoa191.png?width=1420&format=png&auto=webp&s=f6fca6ebb6a4c5a9f15ecf58522e66815da5cf4b) + +Retesting successfully 480 and bouncing off of it, would lead to retest the goldenpocket. If that succeeds, which probably will in a liquidation scenario, we are heading to 6K. +And it will be an ongoing scenario of price moves that will blow your mind. + + +You dont wanna fuck with a fibonacci and logarithmic numbers. +And not really if you have no power shorting power anymore. +If the other half of shareholders are diamond hands. + +Hope you like to get a bit of the taste what mathematics are. And how it little cares about feelings. +And with this I wanna remind you, since it has been a while since the sneeze, that MOASS is a cute word, but its acutally a real monster. But not created by retail, but created by them. + +Blaming people for holding a stock, that they manipulated themselves because they were greedy, is wrong. This is going to change the whole world. + +This is the reason you have experienced all the fud, all the nonsense sell sell sell articles, bad news, bad mouthing. Because they know what Im talking about here. +I dont know what else they do to the stock, that it has zero volume all the time in PM/AH. +It looks kinda like they pull a cable from the network/server or whatever, god knows what they are doing. Incredible manipulating stuff and we see it all the time when we notice these "glitches". + +This thesis is all about the current 75M outstanding shares. +This might play differently in smaller numbers if the shares will get increased and we get the extra shares as divis. It could very possibly be either during or before the market crashes. I dont know. + +Maybe the split happens at 2K, maybe at 480. Who knows. Only Ryan knows that. + + + + +[Ready](https://i.redd.it/2z0x9k6zsa191.gif) + + +We might be really in the end times now. This sub has made me feel so alive all this time and it has been so incredible. Thank you for the education, for the memes, for everything. + +Well enough talk, I'm boarding the rocket. Infact, I never left it. 😎 +And just in case if MOASS is not at that day, its always tomorrow. +🚀🚀🚀��🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Everything is a go. Your long planned retirement is on schedule for January 1st 2020. You started the intellectual and financial planning for a retirement in 2018. As of August 2018, you had the 2 million you needed in your 401k. Any increases to that amount is just gravy. You would be happy if that amount just steady. + +But in early 2019, a major recession starts. (Something about a trade war or something, who knows.) The bull market crashes and the SP500 Index drops 50%. You had a 60/40 portfolio in your 401k. The bond market did nothing in 2019 but the stock market was down 50%. Your 2 Million dollar portfolio in 2018 is now only $1.3 Million. + +Are you still retiring or are you going to wait until the market comes back in 5-10 years? +Old thread - [https://www.reddit.com/r/personalfinance/comments/qmi6h0/8360\_taken\_out\_of\_my\_checking\_account\_chase\_bank/](https://www.reddit.com/r/personalfinance/comments/qmi6h0/8360_taken_out_of_my_checking_account_chase_bank/) + +Solution : Top comment from the old thread to file a complaint on [https://www.consumerfinance.gov/complaint/](https://www.consumerfinance.gov/complaint/) + +The response from Chase Executive Office : "We initially denied your claim because a pin was used to conduct the ATM withdrawal, the withdrawal was completed in your geographical area, and the chip was used to enable the ATM. On November 18, 2021, we reconsidered the claim and found evidence to overturn our decision and approved the claim. We are issuing final credit to the account ending in XXXX." + +Thanks for all the helpful responses. I didn't end up getting the police report since NYPD didn't want to do it, the officer that showed up said some crap about Chase needs to prove it's fraud first before they can write up the report (I have some friends in NYPD and they said they would have just done the report anyways so YMMV when it comes to something like this...). So technically I can get one now since they confirmed it but I don't see the point anymore as I got back my money. + +To address/respond to some comments in the old thread: + +Why so much in checking account? Everyone's situation is different and my Home+Auto mortgage is about 6k so it's just the way it is. Having it elsewhere for tiny interest just isn't worth the effort. Money not going towards bills is already in Brokerage account at this point. + +Why can't I just be happy I got back $8000 and just give up the $360? Really? Venmo me and everyone else $360 then. + +I must be in on the fraud because I won't comment on comments about the police reports or respond timely - Such weirdos out there, glad they only represent a small % of responders. Can't have a life or continue working or do something else if I created a thread and must respond to every single comment in this person's eyes. + +The chip technology is 100% unable to be duplicated - This response was from someone very knowledgeable on stuff like this but still doesn't explain how the person was able to do what they did so maybe you're wrong? + +Stop banking with Chase - Chase is still the most convenient bank near home and work. On the other hand, I shouldn't have gone through these many loops just to get back money that's rightfully mine. Something I will have to think about. +***First and foremost, I am not financial advice and this is not a financial advisor. I don't know shit about fvck - I literally lick windows for a living. I pity the fool who takes anything I say to heart.*** + +**TLDR: $GMEs price, just like every other stock in the US Equities market, is controlled by the people behind the scenes with such precision they are able to force retail into the market cycle, where they accumulate assets cheap and sell them at high prices. DRS is the absolute kill switch to this game of psychological warfare because it takes away their most valuable asset in this war - $GME shares.** + +This post is going to be a combination of different ideas with an attempt at tying them all together to understand what is going on with $GME, and the markets in general. It involves abstract topics, but I believe this is what we are seeing with $GME, and the market in general - at least until a force majeure occurs and we blast off to uranus and beyond. + +Let's assume 100% of $GME stock trading is routed through dark pools. We know this isn't necessarily the case, because obviously some buys hit the lit market, but the point in assuming 100% of the trading is routed through dark pools is that regardless of how much is forced to hit the lit market, a greater amount gets routed through dark pools to counteract the damage. I'll come back to this later. + +Richard Wyckoff was an early 20th century pioneer in technical analysis. His position allowed him to witness firsthand the fleecing of retail investors, which brought him to his theories of accumulation/distribution. He described the phenomenon as follows: + +***"…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it."*** + +Aside from crime (naked shorting, spoofing, etc), how does one LEGALLY take money from retail in the stock market? By getting retail to buy high and sell low, so you can do the exact opposite - what Wyckoff outlined in his accumulation/distribution schematics. + +**Accumulation** = pick up assets on the cheap. Following accumulation, as pictured below, is a price mark-up phase. The price is allowed to run to where shares accumulated are profitable. + +**Distribution** = dump assets to unsuspecting bag holders. Following distribution is a price markdown phase, where the people controlling the market behind the scenes take profits and hope to scare retail into selling their shares at a loss. + +&#x200B; + +[Credit to u\/gme2uranus](https://preview.redd.it/qv0aptjq25r81.png?width=1147&format=png&auto=webp&s=0c4739ec6bee3bb79f5ed5f0640c2e0df10d82bf) + +Based off the image above, we should be in an accumulation phase - which means fairly shortly we should see a mark up phase where the price of $GME is allowed to run. How does this benefit the "composite man" behind the scenes? Well, if it WERE to benefit the composite man, we would expect to see him add more shares during accumulation. + +&#x200B; + +[BlackRock\/Vanguard 13D\/G filings](https://preview.redd.it/9f6b50ys25r81.jpg?width=1378&format=pjpg&auto=webp&s=16fb8d3cf3a569cd4b8c0f7f263bf9e9e0e81dd0) + +[Timing of BR\/VG filings](https://preview.redd.it/kwtikd5v25r81.jpg?width=1577&format=pjpg&auto=webp&s=55ea95e964f0ea203c15ae53f3fb018a1fca6376) + +Well slap my butt and call me Sally. So we know for certain BlackRock/Vanguard added to their positions in what is assumed to be a time period we should see them add, so they can buy low and theoretically sell high. But how does this pertain to $GME, and why did we assume that 100% of the buying in $GME gets routed to dark pools? + +[Psychology of a market cycle and how it is used to fleece retail](https://preview.redd.it/n394h72x25r81.png?width=1200&format=png&auto=webp&s=4af6e8c77aa80a704004d8fb62d34a5f05f90f56) + +Manipulated movement designed to prey on retails emotions. + +This picture describes the Wyckoff accumulation/distribution schematics in EMOTIONS rather than fundamentals - because regardless of what happens behind the scenes, most retail is impulsive and buys off emotions. Do you feel the electricity from UUSB right now? Can you feel the positive emotion in the air surrounding $GME? **THAT'S THE POINT. FOMO BABY! IT'S MARK-UP TIME!** + +The far left of this picture describes the mark-up period which I believe we are about to hit (I can't give a time frame, just soonish), and the far right of the picture is where I believe we are now - the disbelief rally. Keep in mind Vanguard and BlackRock already increased their position. Ask yourself why? Are they the composite man? Highly likely they are, as well as other big player institutions that have enough money to manipulate the markets. + +&#x200B; + +[Dang](https://preview.redd.it/z8xlijn545r81.jpg?width=500&format=pjpg&auto=webp&s=8e6a5eb65d3b84716e255034aebce274c390e992) + +[Mark-Up Table](https://preview.redd.it/ceneoy3335r81.jpg?width=2048&format=pjpg&auto=webp&s=da0f5d6ec1eb1c259ae36f520f5ae16df7cf2c9d) + +I captioned this the mark up table, because a lot of the DD prior using this table has tried tying it to T+2, FTDs, etc. It's very possible that is the case, but we also have to assume 100% of the price movement is manipulated. If we assume 100% of the price movement is manipulated, this table describes the MARK UP PERIOD outlined in Wyckoff's methods. I don't care WHY or HOW the price is being marked up - just that it is, and it is at roughly the same intervals (every 4 months). Remember - the price is fake until it's not. + +&#x200B; + +[I'm glad you asked](https://preview.redd.it/ahmvhhr635r81.png?width=640&format=png&auto=webp&s=940ffd7f00a583fa5519e2c5c20b60a5956297af) + +It's highly likely that we operate in a completely parasitic system designed to prey on retails emotions by getting them to buy stocks high and sell stocks low. The people with the money (I'm looking at you, Prime Brokers and Hedge funds), are able to manipulate price movement by routing the majority of orders through their dark pools, keeping complete control over pricing of assets so they can enact these mark-up/mark down periods. After all, this is a LEGAL way big players can steal money from retail in the stock market. By buying low and selling high. + +How do we win, if an unknown entity with more money, power than we can ever dream of controls every movement of the stock market? **We BUY, HODL, DRS.** We buy the dip. We buy the rip. We fvcking hold, no matter how gut wrenching the movements are. We do not give into the psychology of the market cycle. We force the composite man to resort to shorting and illegal activities to continue the market cycle, all while the noose continues to tighten around his neck through decreased liquidity and increased cost of doing business. **Most importantly, we** **DRS**. The composite man has a ridiculous amount of money and power at its disposal, but most importantly - **he (through Cede and Co.), has our shares.** One real share to the composite man allows him to create theoretically an infinite amount of synthetic shares to force retail through the market cycles again and again and again - so long as he has liquidity, which he can create in a million different ways. + +&#x200B; + +[Credit to u\/bowly741 and u\/Tokyo\_Metro](https://preview.redd.it/l4mtgxt835r81.jpg?width=750&format=pjpg&auto=webp&s=cb64f5d3074ed01ad82c285e8dda6ef3fc6e6839) + +**TLDR: $GMEs price, just like every other stock in the US Equities market, is controlled by the people behind the scenes with such precision they are able to force retail into the market cycle, where they accumulate assets cheap and sell them at high prices. DRS is the absolute kill switch to this game of psychological warfare because it takes away their most valuable asset in this war - $GME shares.** +Every single thread I see where someone talks about working hard and saving money, I also see a bunch of comments talking about making sure to enjoy life; money isn't everything; enjoying being young; etc. + +I don't have a problem with people choosing how they want to spend their time and money. I don't even have a problem with people recommending options to others. What I have a bit of a problem with is the concept that working hard, saving money and enjoying life are somehow mutually exclusive. I am also a bit skeptical of the idea that enjoying life *later* in life is somehow worse than enjoying it when you are young. + +So this pervasive sentiment confuses me. If someone (hypothetically) swings by and notes that they've saved up $500k and own their house, have no debt, and are 35 years old, why are people automatically assuming they didn't enjoy getting there? + +Here is a quick bullet point list of my thoughts on the subject. Feel free to add to the discussion with your own thoughts. + +* Removing the stress of worrying about finances is a *tremendous* boon on a family's quality of life. +* A significant amount of "enjoying life" can be done on a simple budget. Engaging your friends in personal, low-cost activities is completely doable and "working hard" doesn't mean you forgo a social life. +* Setting a travel budget is also completely reasonable. If you find world travel interesting, there are a handful of ways to keep costs down (which could make for an interesting post on its own) but don't forget that your own country/region probably has interesting things to explore as well. +* When people suggest "nose-to-the-grindstone" budgets they are usually talking to people with gobs of credit card debt, car loans, etc. If you have that kind of debt, you are on a sinking ship. You *should* work as hard as you can to get out of it. +* If someone chooses to work their ass off and retire in the 25-35 range, I am fairly confident they will enjoy life a lot more than someone who ends up retiring at 65+ even if the latter spent more time enjoying themselves in the 25-35 range. This is even more true if kids are involved. The conversation should be about balancing your *whole life*, not just the life you are currently experiencing. + +My two cents. + +EDIT: You all rock! Keep the discussions happening. I won't personally respond to anything because I've said my piece -- aside from admitting the 25-35 was a bit hyperbolic. It can happen but it isn't really something most people have an opportunity to achieve. +Hi. I bought cryptos in 2012 and I've been hodling all this time in deep cold storage. I'm what you would call a crypto millionaire. I'd like to know what other people in my situation are doing regarding the tax man. Do you disclose your holdings? All? Some fraction? Nothing? What are your future plans? What if your net worth goes 10x or 100x or 1000x in the upcoming years? How are you preparing? Do you have or plan to have some kind of corporate structure to handle your wealth? If so, in which country/ies? +I'm looking into buying a house and played around on Zoopla with the interest rates calculator and I was shocked how much of a difference interest rates make to the price how did anyone cope with the 17% interest rates. Would people not be trying to sell houses left, right and centre, banks repossessing, house prices plummeting and rents skyrocketing? + +&#x200B; + +Is there any way we can know what roughly what will happen with interest rate, I can afford 5% but 15% is double the repayments of 5% at least on a £270,000 mortgage which I doubt I could afford to sustain for very long. +What is /r/investing's opinion on funds and/or stocks that pay a monthly dividend? + +How would one conduct a fundamental analysis of these types of investments or would it even change at all? +All I see in Reddit, Twitter, and social media is bad advice for the flood of new traders getting into the market right now. For every random post you see of someone claiming to have made a fortune on an individual stock, there are 40 people who tried and failed, and just didn’t post about it. + +Most new traders see that the market is raging and think they can jump into investing and become rich in 3 months by just buying and selling off an initial $5k investment a few times. Here’s the reality: proper investing takes time (patience), discipline (holding), and work (research). For 90%+ of people, your best strategy is in ETFs. + +For 100% of people, your best strategy is putting the core of your portfolio in ETFs. Your investments in individual stocks should ONLY be a supplement—ie buying high conviction, high upside plays that won’t damage your portfolio’s stability if you lose. The number of people out there who seem to think a portfolio with 50% PLTR is a legitimate investment strategy is extremely alarming, and they are going to end up losing a lot of money. Maybe not on that stock, but on one of them as they continue down that path. + +If you want to invest, you should take the time to read John Bogle’s “little book of common sense investing” to understand why ETFs always beat 90%+ of investment strategies. Also everyone should read Benjamin Graham’s “Intelligent Investor”. If you don’t have time, why would you think you have time to invest? + +The distilled version is that the market always broadly goes up in the long term, buying and holding a diversified s&p500 ETF with very low fees (like VOO) is the surest way to guarantee your fair share of returns. Almost everyone on this sub would have better returns over 30 years if they did nothing but that. But of course, that isn’t fun for people. + +But know this—the market will come down from here. It is trading well above value. If your money is disproportionately in individual stocks, you have no guarantee of it coming back. + +If you’re new to investing out at least 90% of your money in VOO and leave it alone. Forever. The rest you can take shots at individual stocks with. When you add money to your portfolio, add at least 50% to VOO and then with the left over you can buy individual stocks. Do this for AT LEAST a year, but 3 would be better. + +If you’re experienced you don’t need me to tell you this but 60% of yours portfolio should still be in ETFs. + +Good luck out there. I don’t know when it will come down, but it will. + +EDIT: after some people calling me a “boomer” and questioning my selection, I’ll provide disclosures. It’s true that I do not own only ETFs. But I have been investing for a lot while. A bit over 60% of my portfolio is in ETFs or holding companies (BRKB) + +VGT +VCR +TTD +BRKB +VOO +ARKG +FKASX +ROKU +ARKF +FUBO +SHOP +CRM +PIN +SQ +MTCH +PYPL +FVRR +Z +DIS +NFLX +PTON +NVDA +CRWD +DOCU +ZM +TWLO +ABNB +LMD +WIX +RDFN +AI +FSLY +I’m a broke college student but I have enough spare cash to buy one or two shares of Apple while still being able to afford my social life. + +However while doing my research I’ve seen a few people suggest that Apple has reached a stage where the share value can’t increase that much more. + +Many people have said it’s still a good stock for dividend growth, but as I only intend to buy a couple of shares I’m not sure if the dividends alone would be enough money to justify me buying. + +It should be noted I’m intending to hold onto these shares long-term. + +**EDIT:** Okay, you guys convinced me. I’ve placed an order for a couple $AAPL shares :) +A douche bag with a 238 Million dollar apartment wants to talk smack about Bitcoin. Scumbag! Modern day Marie Antoinette. + +Buying more Bitcoin. Screw this system and screw the media with their Billionaire worship. Most of these Billionaires got rich by insider trading, backhanded favors and corruption. That's it. The petrodollar is just an index of corruption, slavery and war. Enough! +LotteryToken ($LOT) is a brand new token on the Binance Smart Chain. + +**Presale sold out in under 1 minute!** + +Beside being a token in it\`s early stage, this one gives you twice the chance for landing a moonshot. The first one you're probably familiar with, being a fresh token ready to blow up with a growing community! Also this token features the newly adapted feature found in recent tokens - transactions = 2% burned and another 2% are shared between all holders. (The more you hold the more you get) + +But this token has a twist, all while remaining a slippage of only 6%. Another 2% from every transaction goes into a pool. The pool is not an external address, rather its embedded in the smart contract. After the pool reaches 0,1% of the total supply, one random holder is the lucky winner and gets it all which personally I think is a pretty creative feature and adds that extra incentive to HODL! + +Everyone can look up all winners so far, simply by looking in the smart contract. + +So what are you waiting for, go grab your ticket now! I can seriously see this exploding as it offers a dynamic thats new to the table! I say with the right exposure this can see at least a 10-20x short term and up to 100x mid/long! + +**Tokenomics:** + +**Initial supply: 2.500.000** + +**Pre-sale: 20% (500.000)** + +**Dev-fund: 10% (250.000)** + +**Initial Burn: 50% (1.250.000)** + +**Liquidity on PCS: 20% (500.000)** + +**Special features:** + +**2% Burn Fee** + +**2% Share Fee** + +**2% Lottery Fee** + +**Safety Features:** + +**Liquidity locked for 6 months** + +Additional information: + +Subreddit: r/lottery_token + +Website: lottery-token com + +Chart: poocoinDOTapp/tokens/0x26898013a78754022aa2165dabae3f01c8f6d9bd + +Telegram: tDOTme/lotterytokenchat + +Contract: 0x26898013a78754022aa2165dabae3f01c8f6d9bd + +List of Winners (including myself \*o\*): + +bscscanDOTcom/token/0x26898013a78754022aa2165dabae3f01c8f6d9bd?a=0x0000000000000000000000000000000000000000 +# Don’t feel like reading? Take a quick look to visually understand our new and innovative “Pump-N-Burn” mechanic. + +[https://imgur.com/a/6swubWX](https://imgur.com/a/6swubWX) + +***If you have made it this far, sorry to disappoint you. No dog breed name, no rocket/lambo spamming. Nothing but 100% honesty and transparency.*** + +>We want to bring new innovations to the Defi space and take the speculation factor out of the equation by producing products that make revenue and fill a gap in the crypto space. + +# A little about Us: + +* We formed a company: Useless Crypto, LLC. Registered in the USA, all six core team members identified on [https://uselesscrypto.com/](https://uselesscrypto.com/). +* This company develops various products. For example: + * USELESS Merchandise ([https://useless-crypto.myshopify.com/](https://useless-crypto.myshopify.com/)) + * A user-friendly chart app + * A whale tracker app + * And some not yet disclosed products + +**We monetize all projects and roll a profit.** + +* This is where the magic happens. + * We are in the process of integrating a automated system that takes all profit made from our eco system and injects it directly back into the token. The beautiful part about this model is that this token does not rely solely on holders for its success. + * We have written a complex algorithm that acts as a dynamic LP stabiliser depending on the liquidty %: + * The functions performed by this contract will inject BNB and tokens into LP if our liquidty gets low. + * If the liquidty is high, the contract will purchase tokens and send them to burn address. This will help keep our liquidty at a desired % and a price floor increase overtime, whilst also adding another form of automated burning of tokens. + +***This makes $USELESS the world's first serious hyper-hyper deflationary token. Buybacks are from external BNB, not recycled from internal BNB -- like so many other tokens!*** + +*Picture explaining external VS internal buybacks:* + +[https://imgur.com/a/0TwH42B](https://imgur.com/a/0TwH42B) + +# So, some more quick facts: + +* **We are part of the new “DeFi Alliance” created by ex-SafeMoon core team member Ragnar**, which also includes notable projects such as: + * PiggyBankToken + * The Collective Coin +* **95 % friendly whales:** 29 of the top 30 holders came forward and have agreed to support the project +* **Tokenomics – because why the hell not?** + * 4 % is added to LP + * 4 % is distributed to the holders (incl. burn wallet) +* **Merch, as a proof-of-concept, is already running smoothly.** +* **Apps that'll benefit the whole crypto space are in the state of a decent progress**. Striving to provide an app and features that'll be the "Robinhood" of the DeFi-Space and benefit the whole space (Portfolio manager, Whaletracker, easy-to-use chart (poocoin, bogged and dex.guru really do suck right?) +* ***ProBit listing: With the help of the community we have raised the required funds and have applied for the listing. The application was confirmed a week ago, so it's just a matter of days.*** + +# Here's what the media and YouTube Influencers think of $Useless: + +* VICE: [https://www.vice.com/en/article/88nvw3/useless-token-is-the-latest-wild-scheme-promising-crypto-riches](https://www.vice.com/en/article/88nvw3/useless-token-is-the-latest-wild-scheme-promising-crypto-riches) +* Tyler Hill: [https://www.youtube.com/watch?v=VaWq1fJL3RI&t=1148s&ab\_channel=TylerHillInvesting](https://www.youtube.com/watch?v=VaWq1fJL3RI&t=1148s&ab_channel=TylerHillInvesting) (That review is hilarious and honest). +* Todayonchain: [https://www.todayonchain.com/press-releases/useless-gets-listed-by-coinmarketcap-and-coingecko-useless-executive-officer-interviewed-on-blockcast/](https://www.todayonchain.com/press-releases/useless-gets-listed-by-coinmarketcap-and-coingecko-useless-executive-officer-interviewed-on-blockcast/) + +# Useful Links: + +* Contract: [https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657](https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657) +* Contract owned by multi-signature safe: [https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1](https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1) +* Chart: [https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657](https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657) +* Discord: [https://discord.com/invite/Uselesscrypto](https://discord.com/invite/Uselesscrypto) +* Reddit: [https://www.reddit.com/r/UselessCrypto/](https://www.reddit.com/r/UselessCrypto/) +* Twitter: [https://twitter.com/uselesstokenorg](https://twitter.com/uselesstokenorg) +* Instagram: [https://www.instagram.com/uselesscrypto/](https://www.instagram.com/uselesscrypto/) +* Facebook: [https://www.facebook.com/uselesscrypto](https://www.facebook.com/uselesscrypto) + +**Visit** [**https://www.uselesscrypto.com/**](https://www.uselesscrypto.com/) **if you want to know more. I am sure you'll like the charm and the humour of our website.** +I see people posting screenshots of their algorithms trading system and different ML techniques they use. + +I am trying to understand the overall process of algo trading and can’t get past beyond this point (lack of some good reading, for sure): + +What do most algorithms try to predict? + +1) Trend i.e. up/ down: if this is what we try to predict, this shouldn’t be too hard but then how do you know the magnitude of rise/fall? + +2) Price value: if the algorithm tries to predict a number and based on that a decision is made? Like forecasting signals and then making programatic decision based on that? + +Really too impatient at this moment to read a research paper or a text book. Would really appreciate an example algorithm lifecycle. + +Thanks in advance ! +First off I consider myself to be quite an idiot in this field, and I am hoping to construct my own trading platform. Right now I am trying to figure out the main features my software should have, aside from the strategy part at least. + +This is my list so far (please comment, I am desperate for feedback): + +* Data + * Time-Series -> Preprocessing/saving/loading data + * Event data + * Fundamental data +* Testing + * Event-driven vs. Vectorized + * Bootstrap methods for time series + * Monte Carlo -> Markov-Chain Monte Carlo for implementation + * Simulated forward testing/Walk forward optimization + * Modelling slippage/real trading +* Measurement + * Logarithmic returns + * White’s Reality Check +* Performance + * Sharpe Ratio + * Sortino Ratio + * Risk-Adjusted Rate of Return +* General strategy features + * Market neutral + * Dollar neutral + +I'm attempting to write my first crypto trading bot in Python; right now I have the bot pulling historical price data from the Binance API and generating buy/sell signals from this data. I want to write my own paper trading system which would of course require live data. My strategy is based on a one minute interval, so can I just refresh the historical price data every minute to grab the latest prices, or would it be more beneficial/accurate to grab "truly" live data with JSON from the Binance websocket, only recording the close prices on every minute? Would there be any difference between these two? + +Thank you! + + +How does one successfully make a reinforcement learning model? Specifically, given an informative output, you could task the model to “make the most money”. + +This seems like an impossible task because almost all forms of trading are significantly biased to the asset and the timeframe. I’ve tried cointegration so that the average trade returns 0 profit, but a certain subset of trades has a positive skew, but finding cointegration portfolios is very hard and the risk is impossible to measure. + +Ive thought maybe I could produce a separate model to help with this, such that given an input of price data and holding length, forms a cointegration portfolio and returns on average profit of 0, given random timeframe input. + +How’s my thought process here? Are there other ways of incorporating reinforcement learning? +I'm sorry for the vague title. I wasn't sure how to explain it. I'm 21 with a major in finance and I currently grew interested in CFA. I reached to a professor of mine for some advice and he pulled a massive twist on me. I have a great relationship with him, and when he saw I was interested on studying for the CFA, he offered to hire me for his company with the condition that I learned to program (I need the working time to sit for the CFA). According to him, I have a lot of "potential". I don't know what in the world that means. Objectively I'm far from a gifted individual. But, the main gist of his offer was, he would pay me 60k a year to work 8 hours a day of which 4 I have to dedicate to financial analysis and trading strategies (which I'm very comfortable with) and the other 4 I have to dedicate to studying programming. He didn't tell me what I should learn but said he wanted me to be able to pour my strategies into a working bot. + +Here's the main problem, despite my experience with finance and trading, I have never touched programming. I love learning, but the more I try to build myself a set of steps to follow in order to learn what he wants, I just entirely confused. The main roadmap I had made for myself was this one: + +* Learn the basics of Python +* Move to Pandas, Numpy, Matplotlib and those sort of libraries for data analysis and visualization +* Delve into the different algorithms (Linear regression, Logistic, KNN, Clustering, etc) +* Learn deep learning? +* Sharpen my statistics and maths along the way + +I have read examined the subreddit extensively and I know I won't get a roadmap, but I would appreciate it if you could tell me if my approach is decent, or if you could give me advice on how to go about learning programming. Should I do courses? Should I learn on my own, if so, how do I do that? Am I too late to get good at this? + +Thank you, and sorry if my grammar is sloppy, English is not my main language. +Hello, + + +I'm finalising an automated FX trading system in python, and am left with a question I've never asked myself; + + +How, mathematically and logically do I re-allocate my profits/losses from winning and losing trades so that I waste as little capital as possible whilst minimising risk? +I see plenty of literature out there about picking entries and exits etc, but very little on optimising the systems that govern how you size your trades. + + +So I'm interested to know from anyone here, how it is from a programmer's perspective that you personally determine what size your position should be, and how you re-balance your positions (if at all) +I am fairly new to all of this, I do not do automated trading itself, but use backtesting to study the markets. I am working with 1m Forex data. Running my backtests over about 3000 "single week long segments" ranging across 24 currencies and 174 weeks. Got my data from FXCM and resampled it. So far I have tested trend following, RSI, Bollinger Bands, various combinations of these three, while accounting for stop losses, margin calls and average 2pip spread on each trade. But the best result I have gotten is a 0.01% yield, which is just noise. When I produce overall losing strategies in backtests they also do not go lower than -0.03%. So it seems that indicators predict markets randomly and you end up losing as much as you make (to be fair they do yield \~1% returns with 20x leverage, if you assume that you will never get margin called). + + +So I am thinking of changing my approach, since simple indicator based strategies seem to result in 0.0% returns overall. Therefore, I will be going into testing of complex strategies. + + +I care about what other people think: +Is seeking more complex strategies a rabbit hole that I will never come back from? It seems like there is not limit to the amount of elements you can pile on. + + +Is sticking to simple strategies using 1-3 indicators in combination and searching for something that will work a safer path? + + +Should I give up on this forex thing and be realistic? + + +Any input and opinions will be appreciated, you do not have to share trade secrets, thanks. +IB offers a host of black box algorithms for price improvement.[ https://interactivebrokers.github.io/tws-api/algos.html](https://interactivebrokers.github.io/tws-api/algos.html) + +I trade futures for my firm and using the algos have increased price performance. On one trade alone using the IB Vwap trading algo I had a $500 price improvement. + +I understand the concept of Vwap and I understand how to program the Vwap.[ https://www.interactivebrokers.com/en/index.php?f=1124](https://www.interactivebrokers.com/en/index.php?f=1124) + +As a coder/trader it's a little difficult to set configs then hope for the best, because that's pretty much what happens when using this algo or the other algo's on IB. The issue that I have is that Vwap works perfectly 99% of the time. It's that 1% time where I miss a trade. Those trades seem to move too fast and the Vwap can’t process it fast enough, ultimately missing the trade. + +Obviously I don't want to necessarily send a market order blindly, not sure if I want building out a one cancels other order system or a local (my server) execution strategy. IB technical support has not been particularly helpful in this matter, even though I might have found a bug in their documentation. + +So $64,000 questions is... does anybody have some experience with the IB trading execution and can anybody provide a recommendation for IB blackbox trading algo that provides price improvements but will also secure the trade, so I don’t have to do it manually? +Brokerage fees and trade commissions-- especially if you're daytrading-- can ruin an otherwise profitable strategy. + +Are there any better ways to avoid all these fees besides just "shopping around" for the best middleman? Stock brokers themselves obviously have the ability to buy and sell stocks for lower rates than they charge their customers, so is there some way for traders to get similar rates? +Hi, + +I've begun coding some algorithms and have a few that look like they may be promising with some tweaking. I'll be trading on the minute time scale. I just wanted to reach out to people who've gone live with their algorithms to see how real returns compare to returns from backtesting. Anecdotal evidence for sub-minute, minute, or daily time scale would be great! + +I've posted bits and pieces of this in some comments since some form of the question has come up on this subreddit. I want to list out a list of reasons why today is like the dot com times and ALSO what is different about today. I am not a financial professional, but I have been working in the tech industry for over 20 years. It is mostly tech stock focused. + +I'm going to also add (fact) or (anecdotal) or (opinion) to my bullet points, so take those bullet points with the appropriate grain of salt. + +Reasons we are NOT like the dot-com boom (roughly in order of importance): + +* (fact) Interest rates are much lower now and long term expectations on yield is also low. In 1999, the 10 year treasury was at around 5% and rose to over 6.5% in 2000. The P/E of the S&P 500 in 2000 was around 30. Which means that the 10 year treasury yielded MORE than the S&P 500 earnings. This is absolutely not true today with the 10 year treasury yield being around 0.6% and P/Es being around 25-30. This single point is extremely important to understand. +* (fact) Late stage VCs are more of a thing now than they were in dot com. Thus you have fewer IPOs and the companies that do are more mature and less speculative (of course there are outliers, see below). +* (fact) The NASDAQ P/E in 2000 was really quite ridiculous (I can't find a chart for some reason, i think it was around 80). S&P 500 was more comparable between 2000 and now. +* (anecdotes) You can no longer get a job at a startup / real tech firm just because you know HTML or can write "hello world" in Perl. A lot of firms back in the late 90's were trying to fatten up the employee count and race to IPO to cash out. This doesn't happen today. +* (fact) There was no pandemic in 2000 and it makes comparisons hard. + +Reasons we are like the dot-com boom (roughly in order of importance) + +* (anecdotes) Sentiment on the ground is very similar to what you hear during the dot com boom. We make fun of the people who invest in stupid shit like NKLA, HTZ, etc. But a lot of people are creaming their pants still on the big tech (FAMANG) saying they are forever-holds / they can't go down, etc. You also now are starting to see intelligent, rational people putting money in things **precisely** because other people will and assume they can get out before it all falls apart. +* (fact) In the late 90s, internet brokers were a new thing and made trading easier for people who didn't know anything -- and we see that today with COVID stay-at-homers and an influx of users into robinhood (I wish I could get hard numbers on the comparison). (opinion) Because of this, I'm fairly certain pricing is out of whack for a large number of companies. +* (fact) The P/E ratios of the big techs today are higher than a lot of the big techs during 2000. Nasdaq P/E in 2000 was off the chart, but if you just look at the big profitable companies like INTC, ORCL, AAPL, HPQ, IBM, which were the equivalent of FAMANG today, they had P/Es mostly under 30s. FAMANG are around 35 except for Netflix and Amazon which are much higher (see huge caveat on interest rates above). CSCO and MSFT in 2000 were the outliers having P/Es of well over 60. +* (anecdotes) In tech companies, a common business plan for new firms in the last ~8 years is to get market share at any cost and figure out profitability later. This is really no different from dot com when firms were valued by number of "eyeballs". +* (opinion) "this time is different". At least in terms of technology, it's not. The internet itself was a bigger "paradigm shift" than what we are seeing today. I used "paradigm shift", because was a common buzzword that turned into a joke back in the late 90s and used to justify crazy valuations. Machine Learning is amazing, but not on par with connecting everyone on the globe. And the cloud is just a fancy name for running something on someone else's computer (even though its quite nice how easy and seamless it is today vs. 20 years ago). +* (anecdotes) While it is harder to IPO today without profitability or clear path to profitability, it clearly still happens (UBER, LYFT, SNAP). And others are using backdoor IPOs (NKLA, SPCE). +* (fact) In 2000, the IT sector along with Media stocks and the Telecommunications Services sector approached 40% of the S&P market cap. The categories have changed but if you combine IT and Communication Services sectors, you get a 38% of S&P market cap today. If you add Amazon which is not included in IT/Communication, you get over 40%. Does this mean anything, especially since we are in a pandemic and more stuff runs on IT? Not sure. + +You can definitely pick apart some of the individual points, I just wanted to lay them all out and see what people thought and if anyone has other valid comparisons. I personally think we ARE in some kind of tech bubble, but I'm not going to make a fool of myself in predictions on when and how it will burst. And fuck it, while I do have more in cash than typical, I'm still in VTI/VXUS and a bunch of individual tech names since I have the background to do some analysis on the business. + +I'll end with a few random thoughts: + +* In August 1999, a lot of people were looking at the craziness of the dot com boom and how people were throwing money at stupid shit. I don't care what people say, it was pretty obvious something was wrong. If you shorted the NASDAQ then, you will watch the NASDAQ more than double in 7 months time and have your face ripped off. +* Taking what I've posted as a whole, the one thing to be terrified about is if long term interest rates rise and the fed is either powerless or does not step in for whatever reason. This will completely destroy the stock and bond market. I don't see the catalyst for it, but I'm no economic genius. You might be able to make an argument that gold is a hedge for this unlikely scenario. There is also the worry of a slump in earnings due to general economic malaise, but that is a garden variety concern that everyone is watching for and usually pretty temporary. Rise in interest rates would be real bad. +There is a lot of uncertainty with the market right now. Stock prices are soaring like nothing is happening while there's a record breaking 3 million job loss in 1 week and hospitals are running at max capacity while not having enough supplies. Cases are also popping up in the Middle East and Africa. With all the misinformation from the administration and Trump's false optimism in telling people to go back to work in April and the U-shaped recovery, I thought to share McKinsey's insights to business executives on the current state of impact of coronavirus. + + [https://imgur.com/a/jUoWslZ](https://imgur.com/a/jUoWslZ) + +Here's the [link](https://www.mckinsey.com/~/media/mckinsey/business%20functions/risk/our%20insights/covid%2019%20implications%20for%20business/covid%2019%20march%2025/covid-19-facts-and-insights-march-25-new.ashx) to the full report. +I love my current job. It has very flexible hours, a lot of job security, I am familiar with the products I'm selling and my customers, but it pays 60K - 70K a year. I could easily leave this company and start making $100,000+ a year but in an industry with less job security and in job that would require longer hours and be more stressful. + +I'm sure I am not the only person that has been in this predicament so I wanted to get others opinions on how things ended up working out, no matter the decision you made. + +BTW, I'm 30, single, with no kids, so I am leaning towards taking the risk and making myself some more money. + +Edit: Thank you everyone for your feedback! I can't thank every poster but I did (and will) read every one. A lot of great things to consider. I think I've decided to go for the higher paying position. It may not be the one I am interviewing for right now but I'll definitely be looking to take that next career step and increasing my wealth. Thanks again! + +Edit 2: Medical Device Sales is what I'm looking to get into for all that are asking. This job would help me get an even higher ($200k +) job in a few years time if I'm successful at it. +https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter + +A few impact highlights: + +* Will cities, for example, be able to afford their infrastructure needs as climate risk reshapes the market for municipal bonds? + +* What will happen to the 30-year mortgage – a key building block of finance – if lenders can’t estimate the impact of climate risk over such a long timeline, and if there is no viable market for flood or fire insurance in impacted areas? + +* What happens to inflation, and in turn interest rates, if the cost of food climbs from drought and flooding? + +* How can we model economic growth if emerging markets see their productivity decline due to extreme heat and other climate impacts? +So don't be disappointed if there's no announcement during or even after the trading day today. Remember NO DATES, but Today's the day again! If not, then MOASS TOMORROW!!! + +Disclaimer: Don't listen to what I say, I'm a retarded ape and my butthole isn't even itchy. +As we approach 12k, might even hit it today... I'm hoping everyone has their 12k memes rdy. + +It's already been scientifically proven that the 11k mini crash was a direct result of poor meme quality. + +r/Bitcoin is a strong community that learns from its mistakes and I know deep down that 12k will be different. +> Chinese electric-vehicle maker NIO said that it has extended its current manufacturing deal for another three years -- and that its manufacturing partner has agreed to double the factory's production capacity. +> +>Although the company has talked from time to time about building a factory, NIO doesn't currently own one. Its vehicles are manufactured in a factory belonging to Chinese state-owned automaker **Jianghuai Automobile Group** in the industrial city of Hefei, where NIO is headquartered. +> +> Under the new deal, the JAC factory will continue to build NIOs for another three years, through May of 2024. JAC also agreed to increase the manufacturing capacity of the factory to 240,000 NIO vehicles per year (or 20,000 per month). That will roughly double the production capacity available to NIO. +> +>NIO said in April that it had completed upgrades that will allow it to manufacture [up to 10,000 vehicles per month](https://www.fool.com/investing/2021/04/08/why-nio-stock-is-higher-today/), though ongoing shortages of battery cells and semiconductors have so far [limited it to a lower output](https://www.fool.com/investing/2021/04/30/after-a-good-first-quarter-nio-joins-the-ranks-of/). +> +>As with many deals involving Chinese automakers, the details of this arrangement are a bit complicated. While JAC owns the factory, it was designed and built specifically for NIO, and it's operated by a third company called Jianglai Advanced Manufacturing. Jianglai is a joint venture between NIO and JAC in which NIO holds a 49% stake. + + [NIO Announces Renewal of Joint Manufacturing Arrangements (yahoo.com)](https://finance.yahoo.com/news/nio-announces-renewal-joint-manufacturing-080500577.html) +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi. +Anyone recently saw Health Insurance through Kuvera? https://kuvera.in/explore/insure/health Looks like underlying insurer is Bharti AXA GIC. It also has coverage for Corona. Premiums are less compared to others. Thing that seems to bother me (although not much) is no mention of cashless claim. Could there be any other catch? Has anyone seen / opted for this? Would be great to know other people opinions. +http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms + +Where do you see the company heading? Share price? +&#x200B; + +There is recent news Sebi capped investments by a mutual fund house under all its schemes in bonds with special features (primarily AT1 and AT2) at not more than 10 per cent from one issuer. + +[https://economictimes.indiatimes.com/markets/bonds/36-mf-schemes-have-over-10-exposure-to-perpetual-bonds-crisil/articleshow/81502927.cms](https://economictimes.indiatimes.com/markets/bonds/36-mf-schemes-have-over-10-exposure-to-perpetual-bonds-crisil/articleshow/81502927.cms) + +Couldn't find the MF names easily, but here it goes: + +Perpetual bond ownership shows up as below % weight if in case anybody wants to review.[https://imgur.com/ZLpXdmT](https://imgur.com/ZLpXdmT) + +I still think (at this point) these are not risky - but Consider Yes Bank perpetual bonds were moved to 0 by RBI and same for Laxmi Vilas bank. Thoughts ? + +EDIT: +Perpetual Bonds / perps - are special bonds which **do not have commitment to return the principal** and overall riskier than other debt portfolio instruments seen till now. + +&#x200B; +**About JagoInvestor** + + +They're like The Wikipedia For Personal Finance and I would consider them the front runners in the movement towards better financial literacy in India. + + +[Here is an archived list of all their articles.](http://www.jagoinvestor.com/archives) + + +**About Manish Chauhan** + + +He and his partner, Nandish Desai, are the founders of JagoInvestor.com + + +*Books authored by them:* + + +* 'How to be Your Own Financial Planner in 10 steps' + + +* '16 Personal Finance Principles Every Investor Should Know' + + +* '11 Principles to Achieve Financial Freedom' + + + +They have also been featured on CNBC TV18's Plan F: Your Fitness Plan series. [All episodes here.](https://www.youtube.com/playlist?list=PLGQHsm6WO6S6t36VLzy6dZQCxRn70vV1Z) + + +And his articles appear from time to time on popular personal finance related websites and news sources. + + +------------------------------------------------------------------------------------- + + +Feel free to ask him anything on matters of personal finance, the journey of JagoInvestor, the Financial Advisory industry in India, etc. + + + +**The AMA will be on Thursday, Nov 6th from 3PM onwards** + + +Pls note that he'll be here for only an hour and to ensure that the community makes the most of it, we'll also be collecting questions in this thread and reprint them(if you don't make it) on the official AMA thread when he arrives. +Hello, I recently found out about Capital gains account scheme. My understanding is as follows : + +1. All the long term capital gains earned from sell of any capital asset can be placed under this account within one year of sale. This makes capital gains tax free. + +2. The amount can be used only to purchase/construct house. + + +I tried to find more information about the scheme, but could not find some specific details. + +My questions are - + +1. If I try to use the money for other than authorized use, i.e. purchase of house, Do I need to pay any extra penalty other than the LTCG taxes I owe on that amount ? + +2. What is the interest earned in CGAS accounts ? + +3. Does this apply to capital gains from foreign stocks ? + +4. Is there any other better way to lower the LTCG taxes than this scheme ? + +Edit: formatting +Kotak AMC did not specify how it will pay off its unitholders the money it would realise around its maturity (8 April; as per Value Research) and how it would segregate- and at what net asset value- the troubled debt securities. + +The scheme said it may face a delay in recovering its money that it had invested in the non-convertible debentures (NCD) of two of Essel group companies, namely Edisons Utility Works Pvt Ltd and Konti Infrapower & Multiventures Pvt Ltd. + +&#x200B; + +[source](https://www.moneycontrol.com/news/business/personal-finance/essel-woes-kotak-amc-may-not-fully-repay-investors-in-redeemed-fmp-3794931.html) +Financial news channels very often announce if a stock has been upgraded or downgrade by say Morgan Stanley, CLSA and so on. Where can I find these reports? +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new). Generally speaking, there is no best company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is "I have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1) +This sub has been a wealth of information for me. Thought I would contribute some of my research. + +There have been many discussions on investing in US S&P 500 via Indian MFs and via brokers (vested.in, TD Ameritrade, HDFC, ICICI etc.). But I couldn't find any info on which option offers better returns (after different costs were accounted). So I made this calculation sheet to figure it out. + +# Options evaluated: + +1. Indian index fund with (e.g. Motilal S&P 500 Index Fund) +2. US index fund (e.g. Charles Schwab S&P 500 Index Fund), via international/Indian brokerages (TD Ameritrade, vested.in, Charles Schwab, HDFC, ICICI etc.) + +Take a moment to consider the opposing choices: option 1 is easy and doesn't involve any currency conversion loss. On the other hand, option 2 comes with one tenth the Expense ratio and the somewhat amplifying effect of USD also going up over the years. + +[See Google sheet here for details.](https://docs.google.com/spreadsheets/d/1jpSIEXwzge2Q38D2YFyTuj1iwoNbmVoHxSuKZbDA9sI/edit?usp=sharing) + +# Result: + +investing via international brokerage (option 2) is the winner (assuming 1+ Lac invested for 4+ years). However, given the number of variables and assumptions that have to be made, there is never a single answer. Meaning - in a minority of scenarios, investing via Indian international funds (option 1) is the winner. + +For those of you who will be reading the spreadsheet - Feel free to share suggestions for improvement. Let's make this a reusable resource for the group. + +# Key Assumptions: + +* Motilal S&P 500 ER: 0.5% +* TER (Tracking Error): 0.85% +* US Index fund chosen for option 2: Charles Schwab S&P 500 Index Fund +* ER: 0.02% +* TER: 0.72% +* INR - USD conversion fees and commissions: 1.95% +* Annual rate of growth of USD over INR (To calculate final value in x years): 1.5%Here's why I chose 1.5% - most international forecasts assume 2.5% annual appreciation of USD. Historical data over past 6 years has also shown similar growth. I have rounded it down to 1.5% as a way of balancing optimistic and conservative estimates. Even if you assume a smaller growth like 1%, option 2 still comes ahead. If this rate comes down to 0% option 1 becomes the winner. But think about what that means- will USD really stay the same in 5 years? possible. But definitely not a high probability outcome. + +# Methodology: + +Future value for Indian fund (option #1 above) = Principle x (1 + 10% - ER - TER ) \^ nof yrs + +FV of US index fund scenario = (Principle - currency conversion costs) x ( 1 + 10% - ER - TER) \^ nof yrs +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +What's this new flurry of ESG MFs popping up left right and centre? With so many NFOs? What benefits are there over other equity MFs? They don't seem to follow any index as such..... +So the much awaited first REIT has listed and now trading at premium of Rs 13 to its IPO price. Currently at Rs 313 + + +Tried buying but apparently only lots can be bought and each lot is Rs 1 lakh. Atleast thats my understanding, someone correct me if Im wrong + +What are the pros and cons ? + +How much do you think it can appreciate or depreciate? + +Ill start some points + +Pros: First REIT, so a novel instrument that may attract a lot of interest. Dividends at around 6% . backing of known group and over 3000 crores raised in IPO + + +Cons: Again first REIT so not sure if it will be a flop. globally REITS seem to be doing OK but new market risks are always there. For example Index investing though big world wide is a tiny market here + + +Regarding dividends, is my understanding correct here - if rate is 6%, investing 100,000 means each year we will get Rs 6000 from it ? + +With floods and other natural disasters being so common, why is home insurance not a big thing in India? I see very rarely people recommend to get home insurance as part of financial planning even here in this sub. + +Is it because of lack of good products from insurance companies or vice versa? I live in an apartment complex in suburb of a metro city and checking at options in an aggregator, I see only 1 company even offering home insurance. + +Also, the question of whether home insurance is worth it for someone who lives in a small apartment in a tall rise is a question too. + +Interested to know your views. +&#x200B; + +There is recent news Sebi capped investments by a mutual fund house under all its schemes in bonds with special features (primarily AT1 and AT2) at not more than 10 per cent from one issuer. + +[https://economictimes.indiatimes.com/markets/bonds/36-mf-schemes-have-over-10-exposure-to-perpetual-bonds-crisil/articleshow/81502927.cms](https://economictimes.indiatimes.com/markets/bonds/36-mf-schemes-have-over-10-exposure-to-perpetual-bonds-crisil/articleshow/81502927.cms) + +Couldn't find the MF names easily, but here it goes: + +Perpetual bond ownership shows up as below % weight if in case anybody wants to review.[https://imgur.com/ZLpXdmT](https://imgur.com/ZLpXdmT) + +I still think (at this point) these are not risky - but Consider Yes Bank perpetual bonds were moved to 0 by RBI and same for Laxmi Vilas bank. Thoughts ? + +EDIT: +Perpetual Bonds / perps - are special bonds which **do not have commitment to return the principal** and overall riskier than other debt portfolio instruments seen till now. + +&#x200B; +My employer is offering Tier 1 NPS accounts with the employer contribution model that enables me to deposit 10% of my basic into NPS tax exempted with no limits. I already invest into the nifty50 and nifty next 50 Index funds, but if I can replace/complement them with NPS, that's a bit of additional investment I can make due to the tax exemption. + +That got me thinking, can NPS be thought of as an index fund? Looking at the portfolio on VRO its not clear to me if the funds are picking stocks manually, or if they behave like an index fund... + +Therefore my question is: can NPS be thought of as an index fund? Why or why not? + +Edit: Adding more info: +I do not mind the lock in - because this is not going to be more than ~10-15% of my portfolio. So I can simply use the lumpsum (and annuity) when its available and leave my other investments in equity invested longer. +What are the best ways to build corpus for down payment on house (lets say total cost, I assume, could go approx. 70 Lakhs)? + +Is it advisable to keep putting money into an Ultra Short Term Debt Fund? + +I have been investing in MF for only past 2 years before that it was PPF, FDs. Since I do not get confidence with stock market, I have not invested much in there. +Hi All, + +What are the common investing themes that you all generally monitor regularly? +Like: +best growth stocks +Best dividend stocks +Best tech stocks +Best ETFs + +Any other investing themes that can be added to screeners? + +And do you guys have preset screeners for each so that you get timely alerts? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +I will be quite frank here, I believe the Reddit IPO will be the end of this sub as we know it. I may be wrong, but I will guage the feel after IPO, and if either one of the following happens, I'm just going to delete my account and the app and continue to hold in silence.. + +1) the FUD gets to a point where it's abundantly clear that the flood gates, or should I say FUD gates, have been opened + +OR + +2) The new feel of Reddit is that of a more censored platform + +I encourage all of you fellow Apes to send a message that is very clear to the folks running this company by deleting your account AND the app if it gets to the point where we can no longer maintain a sub like this. + +Edit 1: A fellow sub user asked me to share this Discord chat as at least a way to have communication with fellow Apes if shit were to hit the fan, so I will reluctantly post it here, https://discord.gg/eJYW3SHB ,but to be fair and unbiased, I must say that I would rather see the mods set something up or atleast support and get behind a certain alternate. +I invested in Bitcoin in June of 2012 and I've done pretty well since then. Today I was posting bond for a friend of mine who was booked on a drug-related charge and I sold some BTC to cover the bond. I had to produce statements from MtGox in order to show how I obtained the money. I was grilled by the prosecution for about 30 minutes regarding Bitcoin. The prosecution had looked up some stuff in Bitcoin and they were trying to argue that I might have obtained the money by illegitimate means (i.e. laundering money), but their arguments were dismissed pretty quickly by the judge. Mind you that pretty much nobody in the court room, including the defense, had any idea what Bitcoin was when we started. + +**Some of the questions I was asked by the prosecution:** +1. Is it true that Bitcoin is not regulated by any state? +2. You are aware that MtGox is not a registered money transmitter? +3. Bitcoin is not a real currency in the sense you can't use it in Wal-Mart, is that correct? +4. Your MtGox account is not an investment account, such as a traditional mutual fund, stock or options, correct? +5. Is it true that Bitcoin is not the official legal tender of any country or jurisdiction? +6. Is it your understanding that Bitcoin is not regulated by FinCEN? +7. Do you realize gains from the rise or fall of the current Bitcoin price? +8. Do you know how Bitcoin mining works? +9. Do you mine Bitcoins? +(there are many other questions in the span of 30 minutes, but these were the ones that stood out) + +**My answers:** +1. Yes, it's a decentralized currency so there is no country or state that controls it. +2. Objection by defense and sustained. +3. Is that relevant? (the judge said that he's going to determine if it's relevant and I should just answer the question) ... Yes, you can't use it in Wal-Mart. It's not a traditional currency in that sense. +4. It's not a traditional investment account, but it's no different from investing in currency. (the judge and the prosecution went back and forth here about how one can invest in Dollar/Yen, Dollar/Euro and they agreed that it's an investment) +5. Objection by the defense (asked and answered) and sustained. +6. Yes. Objection by the defense, but it was overruled and I had already answered the question. +7. Yes. It works just like any other investment: you buy in at a certain price and you sell at a different price. If I have profit, then that's a capital gain. +8. Yes. +9. No. + +**Statements by the prosecution (most of them dismissed by the judge):** +1. Bitcoin is used for money laundering and other illegal activities. +2. Bitcoin is not a real currency. +He went on about how it's not regulated, it's not real currency and it's used for illegal activities such as money laundering, but the judge dismissed it saying that it's irrelevant. They also tried to suggest that money obtained from Bitcoin is not traceable, but the judge agreed with the defense that the statements from MtGox are sufficient to prove where the money came from. The judge also made statements that this seems to be in line with any other investment and it should be accepted as a legal source for the bond. + +**Closing statement from the defense (this was the best part):** +"Some people like to keep their money in the bank, some keep it under the mattress and some invest it in geeky stuff like Bitcoin. **(the whole courtroom, including the judge, erupted in laughter)** However, that's not grounds for rejecting the bond. It is entirely reasonable that the witness, who is x-years-old, not married, has no children, has no mortgage and makes x amount of money per year is capable of producing the bond amount." + +All and all, it was pretty fun to be up there and testify in defense of both my friend and Bitcoin. I'll try to get the court transcripts and post them up here, it was pretty entertaining to see the prosecution struggle with Bitcoin. +Do you guys think the market is going to keep going down at the open or bounce off of these premarket lows? I’m trying to decide if I’m going to come out of the gates with a short, go long right away, or wait to see how it plays out and maybe try to catch it reverting back to VWAP. What do you think? +After stepping on a land mine prepared by the whales for $42,000, the #BTC collapses almost to the same price at which it fired in 2020, thus beginning a slow journey to the top while its wounds heal. + +The $36,000 seemed a hard price to beat for #Bitcoin last week, when it made several failed attempts to escape that price line. + +However, a new week begins with the inauguration of a new U.S. president who is also an enthusiast of this crypto currency, and a new bullish momentum is in sight that I personally believe could last the rest of January. + +Note: this is not a trading signal, I will be giving trading signals as they come in, keep an eye out by following me or following the channel. + +&#x200B; + +https://preview.redd.it/c3fc8j98orb61.png?width=1080&format=png&auto=webp&s=147b46d735eb35f29b94fabcc4c56e0349883d7f +I started with learning technical analysis a week ago and I'm writing this out of frustration as I don't seem to be doing very good with paper money trades. + +At this point I'm thinking maybe the psychology part is more important than the technical analysis itself. What do you guys have to say in this regard? + +Also, I want to become a profitable day trader in the next 3 months so any help with learning resources would be great (just point me in the right direction). +I'll keep it vague to try and stay anonymous, but essentially I've been diagnosed with a terminal illness and will likely die within the next ~6 months. I am early 30s, as is my wife, and we have 2 very small children. + +Not at all looking for a pity party, but I'm trying to set everything up to be a simple as possible for my wife when that day comes. Until now, I've done everything in terms of finances and managing various accounts for our household. Everything from the mortgage, utilities, credit cards, investments, etc. has all been me. + +I'm currently trying to build a document that will have all the information for every account that she could possibly need, and I want to make sure I'm not missing anything, or not caught unaware of things I could do to ease this transition. + +To get a few FAQs out of the way, we own a home that has a mortgage, and I have substantial enough life insurance policies in place that should be able to provide enough income for her to continue living normally (if invested properly). She currently stays home full time with our children. + +Outside of the standard things of gathering usernames/passwords for all accounts and setting everything up on autopay to minimize the need for her to manage it, what are some other things to consider as we prepare for this dramatic transition? +I recently came into around 70 000 due to a court settlement . I have never had this much money in my life. + +The first thing I did was move it into my savings account which has an interest rate of 2.85%pa + +However I really want to make the most of it. My idea is to eventually use it as a down payment on a house as I’m currently renting, however with how things are at the moment I have a feeling I’ll be waiting at least a year before I do that. + +I’m pretty illiterate when it comes to investing however I’m not irresponsible with money. I never have less than 10k in savings for example. + +What should I be doing for the next year to ensure I make the most of it? + +Sorry if this breaks any rules and please remove if it does. +They put an Ad on realestate/domain. But sometimes they don't tell the price range so you don't know the if your budget fits. Sometimes no floor plan so you don't know how much light you can get. Most of the cases they don't let you know the strata. + +Why would they do this? Don't they want to save both parties troubles of phone calls/meaningless inspections? +I have had a home loan with ING for the last 4 years on my PPOR which I put 20% deposit on. Their rate for me inflated to 5.8% with all the rate rises over this year. + +Called to discuss, they only offered 5.1% even though new customers can get 4.79% according to their website. + +Also they don't offer any different rates once your LVR is less than 80%. + +Definitely considering UBank or CBA after this, as they didn't even seem to want to try and come close to the other lenders rates. +I have gotten a notice from the IRS stating that I had mis-filed my 2017 taxes and they state that I now owe $6,400 to them for that year. + +&#x200B; + +I remember where I was working at that time, but it has since closed down and the person who was the boss at the time has no recollection of where the tax information may be for me. + +&#x200B; + +I do not think I even made much over 15k that year so I am shocked that I owe over 6k according to them! + +&#x200B; + +I have gotten an extension for it until early November, but I am completely unsure what to do. + +&#x200B; + +What should I do here guys? I certainly do not have the funds to pay that. +It is "Make Gamestop Great Again" without a doubt. This sub is completely run by shills and bots and it is so obvious and that's what he is saying. Remember how fun things were in January when we were all calling each other re\*ards and bashing the media and all that? Yeah.. well now we have media videos making the front page of this subreddit. + +&#x200B; + +If you are a human, upvote this. I'm willing to bet they downvote the hell out of this though. +Referencing the scene from The Big Short, “it’s happening”. Of course we’ve all known all along this was going to happen, and the MOASS started all long time ago, and for me this will be a significant step in that process. + +With the news of the Eviction Moratorium being lifted I can’t help but feel an eerie, stimulating feeling. One could say my tits are jacked yes, but also, I know these are going to be some extremely volatile next few weeks. + +More than happy to ride this wave with all you apes. Congrats to us all, honestly, for having made it this far. To infinity, and beyond. Let this rocket fly 🚀🚀🚀🚀🚀🚀 +Call your broker to make sure that they are not loaning your shares, and that you are not on margin, and also REMOVE any stop losses. + +A lot of brokers auto-loan your shares, especially if you are buying on margin/using a margin account. + +(Robbinghoods is margin even when it says it isn't Fuck, RH). + +\*if you haven't yet... transfer out of RH\* + +&#x200B; + +Oh yeah, and Buy & HODL. + +&#x200B; + +This may seem like financial advice, but trust me when I tell you it isn't. I once snorted a gobstoppper up my nose and now I see SMURPLE. +In August I made a $500 mistake with my finances and between that my hours getting cut at work I wasn’t able to make August rent (1400$ give or take). Since then every month I’ve been playing catch up. My property manager is very unresponsive and unhelpful in my requests to make a repayment plan and I now owe $95 and am late on October rent. I received the summons last week for a total of $3000 solely for the months of August and September and ran down to my property’s office to ask for a copy of my account. The receptionist printed me out a copy of every check I’ve paid with, every receipt she’s given me, and a total account breakdown of what I owe for the two months stated in the summons. I sent all of these over to my property manager asking if she is showing a different owed amount because on my end it is still $95. No answer. My court date is tomorrow at 10am and is costing me a day’s pay. I’m scared I’m going to be evicted and I don’t know what to do. Also I’m not sure it matters but I have lined up a second job so, there’s that. Any advice is welcome. Thanks in advance + + +Update: a few quick things to clear up that I’ve either seen in the comments or gotten DMs about 1) pronouns are She/Her/Hers 2) my mistake was that I didn’t have a bed and I live on the third floor. I ordered a mattress and the delivery driver dropped it at the entrance. We don’t have an elevator and I tried but couldn’t get it up myself, I couldn’t find anyone to help me and was sure it would end up stolen so I called a moving company. They charged me $500 and I didn’t know what else to do so I paid it. 3) I haven’t been able to afford meds or food so credit cards have been frozen so that my non payments don’t go on my record. Both have been maxed out while I try to get through this, so there’s that. 4) I live in Colorado + +Alright on to the court hearing: just got out of mitigation’s with the lawyer, she looked at my name told me the repayment was sufficient for the case and that they were dismissing it. She thanked me for coming and told me to work out any remaining dues with my property manager (super helpful /s but hey at least I have a roof for a few more months). No mention of the late October rent. So I drove all the way out to county, wasting the last of my gas for this. Cool. + +Thank you to everyone for the support and even the more negative/realistic ones. I hope anyone else going through this finds options and safety. I’m gonna keep looking for an RV to start boondocking or something 😅 I need a few months’ break from capitalism. +I'm new to this sub, so please forgive me if this has been hashed to death already. I did a quick scroll and didn't see anything relevant... + +I own three duplexes in Portland Oregon, and am in the process of selling an investment property overseas that will leave me with 100k to do something with. Me and my husband are going back and forth on whether to invest again immediately, or put the money into one of our mortgages and wait a bit before buying again. + +I am leaning towards paying off a mortgage, just so we have a little safety-net should something happen to the rental market. My husband feels very strongly that we should invest again because otherwise the money is just being "wasted" i.e. not being leveraged. A friend recommended paying off most of a mortgage, but leaving a little so the account is still open, then we could refinance at some point and take a loan out against the house to buy another one. Has anyone done this? Any advice? I feel like there is a blind spot in my thinking about this. + +edit: Apparently it takes a bunch of strangers on the internet to convince me that what my husband has said all along is right. Don't tell him though. +The 9/8/21 *Wall Street Journal* has a page A-1 graph showing flipping has dropped from about 100,000 homes in 2005 during the insane sub-prime boom to about 75,000 now. It fell below 40,000 in 2009 when the sub-prime balloon popped. + +The *Journal* explains that there are **too many wannabe investors bidding for the same pools** of houses, lumber, construction workers. A top home builder in the 1970s in South Jersey once said, “Sometimes in real estate, the best thing to do is go fishing.” + +If you have objective criteria for what the **ratio of rent to price** in rental properties you buy—and you absolutely should—**when bidders bid the properties up above your acceptable ratios, stop**. + +I hasten to add that applies to operating **rental** properties, **not** buying a home to live in. You should pay whatever it takes now to buy a home. They will only get more expensive if you wait. + +The *Journal* **defines a flip as a house being bought then sold within 12 months**. Note that says **nothing about profit**. The word “flip” implies a **profit**, but the definition absolutely does **not**. Probably many, if not most, of these flips are **not profitable** because they are **vacant rehab** projects. + +That means they have **large transaction, income tax, rehab, and carrying costs** that are not visible in just the purchase and subsequent sale prices. + +If the sale price is higher than the purchase price, does that mean the owner did something smart? No. He may have did one of the rare rehabs that pays back more in incremental resale value. More likely, if he rehabbed, he spent, say, $11,000 for something. like replacing a formica countertop with a granite one, that increased the resale price by only $1,000 or $2,000. He would have made **more profit** if he had left the formica countertop there. + +Most likely, the increase in value happened to **all** similar houses in that area regardless of whether they were rehabbed or not. And even with an increase in price from purchase to resale, it is quite possible that the flipper **lost money** overall when you count purchase transaction costs, purchase price, rehab cost, carrying costs, selling transaction costs, and income taxes at dealer property rates (which are the highest IRC §Section 1221(a)(1)) + +The *Journal* says the supply of homes to buy has been diminished by **foreclosure moratoriums**. Makes sense. + +They also say the number of wannabe buyers has been increased by **cable-TV renovators**. I said the same thing. Those shows falsely make rehabs look easy, fun, and profitable because it raises their ratings and the viewers are too ignorant of the truth to recognize how misleading they are. + +I was not aware that Wall Street has been jumping to make **rehab construction loans** to wannabe flippers at **8% to 12/%**. Basically, the flippers are **way overpaying for those loans.** + +No other one-year loans with low default rates pay such high yields. Within the professional business world, paying high costs for loans is considered, rightly, evidence of **incompetence**. + +Would-be flippers are blissfully unaware of that and I have seen them brag about paying interest rates as high as **50%** for loans from friends. To put it another way, Wall Street is rushing to make these 8% to 12% rehab loans because flippers are the only ones on earth dumb enough to pay such high rates for such short-term, low-default-rate loans. + +A big picture number: The graph of flips show **75,000** in the most recent figures. Those were all the houses throughout the U.S. sold within a year after being bought. + +In how many was the **rehab itself profitable** as opposed to the profit coming from marketwide appreciation? I would guess that only a minority of those 75,000 flips were profitable and far fewer profitable **because of** the rehab rather than just the passage of time during a boom market. Attributing all increase in value to the rehab is an example of the classic logic mistake *Post hoc ergo propter hoc* (Latin for “After which therefore because of which). + +Folks, there are 897,000 readers at this subgroup. That is **too many people chasing 75,000 flips**. + +HGTV has 10.2 million viewers per month. That is also **too many people chasing 75,000 flips**. + +If a reader here and I sat down and looked for a house that **could be** rehabbed profitably—that is, the building value would **increase due to the rehab** not due to the whole market going up rehabbed or not—I expect it would take us **months to find a single house** that could be profitably rehabbbed, like a pet urine smell disaster or a bad foundation disaster and so on. + +And even then, we still need to buy it for the very low price that allows for the profit. The seller may insist on keeping all or too much of the rehab profit for themselves. + +In other words **yes there are opportunities** for profitable rehabs in the US. And yes, the rest of the market is running away from the disasters so you do not have the six more-than-asking all-cash competing bids when you buy. + +But we’re are talking about **one or two houses per market a month**. That is not enough for either 897,000 Reddit readers or 10.2 million HGTV viewers even if the wannabes were getting **accurate** information on how to do this. And they are **not**. + +Once upon a time, a small band of sharpies discovered you could get an extraordinary yield in a tiny niche called **delinquent tax lien certificates** in some states. Then one guy wrote a book about it and others taught it in seminars and on TV infomercials. + +The tiny niche, which only applied to some states, became **unbelievably overrun**. Wall Street firms sent young college students to the annual auctions with enough money to outbid the original sharpies for almost all of the liens coming up for auction. That bid the yields down to ho-hum levels. And there are still wannabes pursuing them oblivious to the fact that the opportunity was wiped out by way too many investors. + +One guy in the *Journal* article says he buys houses that need so much work that they cannot qualify for a mortgage. Ah! That is what I preach when I say there is **no profit in buying fixers**. You do **not** buy **fixers**. You **sell** fixers. You **buy disasters**. That investor in the *Journal* article says he is now having trouble finding such properties. He thinks he will do 15 flips this year. He used to do 53. + +The army of wannabe boy millionaires in real estate investment needs to **get real**. Yes, there are opportunities in rehabbing disasters that no one wants. But there is not a bottomless pit of such properties. And you need to learn how this is **really** done, not a bunch of HGTV/internet positive-cash-flow, flipping, any old rehab is profitable nonsense. + +&#x200B; +I currently hold 6 units worth 900k, while having 126k total gross income. + +when i applied to buy my last triplex it was hard to get financing, the only place that would do it was a credit union, other banks were willing to lend me 100k while i needed 400k. + +2 buildings seem to be where many investors stop buying, so im trying to figure out how to get approved for a 3rd? + + the plan would be cash-out refi both in 2 years, getting 60k which is enough for 20% down on another 300k plex. + +the problem is the debt to income ratio. my buildings are cash flowing but they only count the income at 50% so of course, it looks bad. + +the bank sees me as 95k revenue for 48k expenses + +what's your experience with private lenders over traditional banks? +I’m about to close on a 32 unit property and I’m not experienced when it comes to properties this size. If I hire a property management company would this suffice and what is a typical fee structure for something this size ? + +I own a total of 14 units but none have been close to this size. I sold one and am purchasing a 32 unit via 1031 exchange . + +Thank you +I bought my first rental property in 2019 and knew I got a really good deal. I haven't put much money into it, it's yielded pretty good cash flow, but now the neighborhood is getting stupid hot and I think I can sell for about 45% more than I paid for it and I'm very tempted to sell and roll the money into more properties (understanding that I may have to wait to do that). + +So, seasoned vets, what signals do you look for to decide when to sell? +Curious as to what kind of vehicle you guys drive. I’m sure some of you guys do not do any of your own work. And I’m sure some of you do. I have a midsize pick up truck and I was curious whether that would be sufficient. Or would a full-size truck be better? +Hi everyone. I'm an investor in Michigan where our state just passed a legalized recreational marijuana law to take effect Dec 6. + +There is an allowance for citizens to grow a limited amount of plants at home per adult in the residence, up to 12. My understanding is Colorado allows 6. + +I want to know more about how investors and landlords in jurisdictions where this exists now have navigated and adopted the change. + +How do you handle this in your lease? Do you allow tenants to have hydroponics setups or grow in your rentals? Can you legally have a clause in the lease preventing this? I know MI law could differ on any of these aspects down the road. + +I'm trying to find some compass bearing as to what we can expect and what others are doing/feeling about this. I am for the law change but as an investors were all unsure how this affects us right now. +So I’ll be starting medical school this summer, will have about $150k saved up before hand and I’m considering buying a 2 family and house hacking. + +This school is in my state so I’m planning on staying long term. Don’t really want to pay $1500 a month x4 years in rent myself so figured maybe I could house hack. + +Will this be a horrible idea considering I won’t have an income for 4 years? Or will I be able to manage having the 150k saved up? Thoughts? +Hello everyone! + +Please help a middle-aged couple with two toddlers who fell into real estate investing (inherited homes, didn't sell previous homes from before marriage). We're aiming for a move from the Bay Area to Seattle (Eastside) in 6-18 months (COVID permitting). What would you do with these rental properties? + +House A: +Pacifica, CA. Built in the 1950s. 3 bed / 2 bath, 1900 sqft. Beautiful Pacific view with a large backyard. Quirky/mysterious construction and will need significant CapEx (roof, foundation, who knows?). Cost basis: $700k. Sale estimate: $1.2M. Rent: $4200/mo. Past appreciation: 10.5% (not likely to continue at that rate). No mortgage. No gardening costs, but repair expenses for this one always seem to crop up. Property management: 8% + +House B: +Menlo Park, CA. 3 bed / 2 bath 1400 sq/ft. Built in the 1950s. Cute cottage with excellent schools. Nothing fancy but well-done. Will likely need a new roof in < 10 years. Cost basis: $1.3M. Sales estimate: $2.3M. Rent: $5250/mo. Past appreciation: 6.6%. No mortgage. Gardening: $200/mo, otherwise low expenses. Property management: 8% + +House C: +Menlo Park, CA. 3 bed / 1.5 bath, 1200 sqft. Built in the 1980s. Great family neighborhood with easy commute to FAANG employers. Cost basis: $1.7M. Sales estimate: $1.9M. Rent $5300/mo. Past appreciation: 1.6%. No mortgage. Gardening: $200/mo, otherwise low expenses. Property management: 8%. + + +Some options that come to mind: +(1) Hold indefinitely. +(2) Just sell 'em, eat the capital gains, and never deal with renters again. +(3) 1031 exchange into 3 separate SFHs in WA. Even one 1031 seems daunting. Would need to file California Form 3840 annually until sale (thanks, California). +(4) 1031 one or more properties into single SFH and convert to residence. Note tax implications (depreciation recapture, reduction of future home sale exclusion). +(5) 1031 one or more properties into multifamily property. +(6) 1031 one or more properties into a commercial property (e.g. with a triple-net lease). +(7) 1031 into a Delaware Statutory Trust (DST). These seem dangerous for inexperienced investors (possibly difficult to value, no control, very illiquid). +(8) 1031 into a tenants-in-common interest. This seems potentially even more problematic than the DST. +(9) Sell and invest proceeds in an Opportunity Zone / Qualified Opportunity Fund (QOZ). Another option that seems to have lots of potential landmines. + +We would be grateful for any and all advice. Made a similar move? Have you exercised one of these options, like a 1031 exchange? Have you used something more exotic-seeming like a DSTs or converting to a residence? Made a switch from residential to commercial? Or do you know any great property management companies in the SF Bay or Seattle areas? + +&#x200B; + +or ... how about a strategy to get a toddler to just nap already? Please ... + +Thanks! +I know there are markets where it’s very difficult to cash flow such as California and New York.. but has anyone bought a mult and not cash flowed in anticipating cash flow a few years down the line maybe sooner? Did the results work in your favor or not? Please share your experience thank you... +I hope to convert my basement into a one bedroom apartment.  Is the existing window to code for egress in a future bedroom? How do I determine what changes it might need? (Here are [photos](https://imgur.com/a/2GDwj0r) if anyone is curious).  + +How about the stairwell entrance - is it to code or might I need to make changes there? what are basic requirements? + +Local requirements are that I comply with the [2015 Virginia Uniform Statewide Code](https://www.princegeorgecountyva.gov/residents/community_development_and_code_compliance/building_inspections/virginia_uniform_statewide_building_codes_-_2012_edition.php), and I've looked through the documents but really can't find anything that resembles a clear answer.  + +Can anyone help?  + +Thanks! + This is your opportunity to promote a blog you run, a YouTube Channel or additional content that otherwise may be removed from the sub. This thread will be lightly moderated and the Mods do not endorse or condone any information found on content linked within this thread. Perform your due diligence. Caveat Emptor! + +&#x200B; + +\*\*Self Promotion threads occur once a month approximately every 3rd Monday. Please keep all forms of self promotion within these threads and familiarize yourself with the sidebar + community rules. + +Discord Server Link: [https://discord.gg/n7dxPVd](https://discord.gg/n7dxPVd) +https://www.zillow.com/homedetails/1919-Codd-Ave-Baltimore-MD-21222/36252506_zpid/ + +Looking to buy my first property for investing. A cheap house is all I can afford. 75k for three rooms and it’s in Dundalk, Baltimore County (not the city) which is a relatively safe area. + +Sent an inquiry already. Seems too good to be true. Thoughts? +My wife and I purchased our first rental property 18 months ago and I'm starting to feel like I'm losing momentum and would like to keep making moves, I'm just unsure about what to do next. Our long-term goal is supplemental/replacement income. Currently both working full-time and have a 4 month old in daycare. + +&#x200B; + +Income: + +* $7,443/m from FTE +* $2,065/m from two-unit rental +* **Total - $9,508/m** + +Expenses: + +* $1,040/m from Primary residence mortgage (owe $113k on house appraised at $228k) +* $832/m from rental mortgage (owe $160k on two-unit appraised at $234k) +* $108 for insurance (Cars) +* $404/m for property taxes on Rental +* $1,200/m daycare +* $540/m student loans +* $822/m car payments +* $300-500/m utilities for primary and rental residence +* $70/m insurance for rental property +* **Total - $5,316-$5,516** + +&#x200B; + +Hoping to get advice on how to go about adding more rental properties to my portfolio. Should I take equity out of one (or both) of our properties to finance a down payment (25%) on a third property? Should I stop thinking about all of the assets and liabilities on a month-to-month basis and separate our personal income (from FTE) from Rental income/liabilities? How would you move forward? Pay down student loan debt (4 years into 10 year public service loan forgiveness program)? Stock pile cash until we can afford another down payment out-of-pocket? Currently have about $25k in cash available. + +&#x200B; + +Thanks for the help and input. Let me know if more info or detail is needed to be helpful. +I was just reading another post and someone suggested using an ozone generator to get rid of smell. This had me googling and it certainly appears to be a great solution. I found one website mentioning potential health issues, and then they linked to a competing solution so I am not sure if there's any validity there. I also recently moved into a luxury apt complex with a 100+ apartments and complained about the smoke smell, they sprayed the apartment with some chemicals. +Feel like that was one of the worse buys I've had in a while. It's depressing to look at, even worse it's a weed stock and should make me happy looking at it...but no. + +Is there any hope for this thing long term? Seems to just steadily drop more and more every day +my dad was at a loss of almost 90k from autistic advice that he got from his friends(its possible to be autistic outside of this subreddit). after him literally yoloing all his money into some retarded stocks and losing most of it, he finally saw the wisdom in my autism. he saw my gains with options(he didnt know what they were)and gave me access to his account and 10k so i don't lose even more of his money. in a week i was able to make that 10k into 90k, and now he looks upon his own child like the fallen child of zeus. + +all jokes aside though, i am really happy that i was able to make my dad some money, and i really hope some of you dumbasses do some good with your money + +[now time to figure out how i can lose it all](https://preview.redd.it/n3cbu1l464n41.png?width=987&format=png&auto=webp&s=31576c43a4725f90f2f66fcf9df7f2800943d438) + +EDIT: + +you shitheads are so fucking annoying. here are my positions atm/ and the ones i sold. also dont dm me for help in your investing. ive already helped like twenty autists and honestly the only advice I can give is learn options by yourself or you are going to get fucked if you try to yolo options without knowing what to actually do. + +&#x200B; + +https://preview.redd.it/3l75s00cp5n41.png?width=326&format=png&auto=webp&s=e59b64556eb2f014eb3fa6bba0884bd21a6d39bd + +https://preview.redd.it/zibvmm0cp5n41.png?width=964&format=png&auto=webp&s=b484a8e1b3aaea612d134fd7f5b3bc28f96b94a7 +Media and everyone loves talking about yield curve inversion, but every time I try to read about why that happens, I never get a satisfactory answer. + +One of the common answers is that 10-year treasury bonds are some of the most common, trustworthy and bonds that have a solid return. Ok sure, but that return is only worth it as long as it yields above the shorter term bonds. Once the situation inverts, we’re getting a “free lunch” type situation where investors taking on less risk (buying shorter term bonds) yield higher returns. So the explanation of their popularity during an upcoming recession doesn’t make sense specifically because the inversion itself renders the explanation moot I.e. why take on more risk and lower yield if I can take on less risk and higher yield, especially if I expect times to be tough? + +Another common explanation I’ve heard is that investors want to be in longer duration bonds to “ride out” the storm. That also doesn’t make sense to me, recessions don’t last that long, there are bonds with maturities of 1 and 2 years most, why go for 10 year bond? Also, why would you wanna ride it out with long duration bonds anyway, finding yourself with more cash (using short duration) at the height of a recession is literally one of the best situations one can find themselves in, that’s been shown historically and most of investors are sophisticated enough to know that you should buy low. + +Lastly, doesn’t this also present a nearly guaranteed bond arbitrage play? Short longer duration long shorter duration bonds, since eventually the yield has to revert. You won’t exactly be rich from it, but if you’re pricing in a recession, any profitable trade is already a huge advantage + +So what am I missing? What is the market pricing that I’m overlooking? +A financial planner I know posted this on Facebook. I don't agree with all of it, but I thought in general it was the spirit of this sub. + +http://time.com/money/3894599/millionaire-neighbor-money-secrets/?xid=frommoney_soc_socialflow_facebook_money + +Maybe I am biased because I love Marvel but Disney+ already surpassed 100+ million subscribers within less than 2 years since it launched. I do think Disney will be a fantastic growth stock for the next 10 years because of Disney+, they are pumping out more and more content for the next 2 years compared to last year. + +On top of Disney+, Disney theme parks, cruises, and their movies like Star wars and MCU will continue to make ton of money(not to mention they are working on 4 Avatar sequels this decade). Disney has their earnings next Thursday and I expect the total number of D+ subscribers to be up again thanks to their new hit show the Falcon and the Winter soldier. + +How do you guys feel about Disney this year and in the coming years? +New management team are focused on getting Gamestop to scale. + +Added technology talent, in ecommerce, UI, UX and other areas. + +530k sq ft facility in Nevada added. Will be operational next year. + +700k sq ft facility in York, PA began shipping orders this year. + +Adding new stock in consumer electronics, collectibles and more. + +New Customer Care center in Florida should be opening soon. + +&#x200B; + +Raised 1.1 billion dollars on stock sales. + +&#x200B; + +Net sales increased 25.6% 1.183 billion dollars. Up from 942 million in 2020. + +9% reduction in global store fleet. + +Net sales is the primary metric that investors should be looking at according to Furlong. + +SGA 378.9 million or 32% compared to 348.2 or 37% of sales last years 2nd qtr, adjusting for severance and certain other costs. + +Adjusted SGA 372.3 million or 31.5% or 336.9 or 35.8% of sales for last year + +430 basis points of leverage due to store reopening's + +&#x200B; + +Net loss 61.6 million or 85 cents per share for the quarter. + +111.3 million or $1.71 loss per share last year for the quarter. + +&#x200B; + +Adjusted net loss 55 million 76 cents for the quarter. + +92 million loss or $1.42 per diluted share in 2020. + +&#x200B; + +Global store count- 4462 + +&#x200B; + +**balance sheet 1.775 billion dollars. (Yowza!)** + +&#x200B; + +75.9 million share count as a result of the at the market offering. + +&#x200B; + +no borrowings and no long term debt + +except for a 47.5 million dollar low interest term loan from french government . + +&#x200B; + +debt levels down 424.7 million dollars. (Noice!) + +&#x200B; + +cap ex expenditures up 13.5 million dollars. + +YTD to 22.8 million. Number will continue to go up. + +&#x200B; + +Operations outflow was 11.5 million, compared to 192.8 million inflow last year. Due to changes + +&#x200B; + +No formal guidance on outlook at this time. +[https://edition.cnn.com/2019/06/03/business/musk-tesla-pickup-price/index.html](https://edition.cnn.com/2019/06/03/business/musk-tesla-pickup-price/index.html) + + +>Tesla's soon-to-be-unveiled pickup truck will have a starting price of less than $50,000, it will be a better truck than a Ford F-150 and it will outperform a Porsche 911, according to CEO Elon Musk + +&#x200B; + +>That price would undercut the trucks that [electric truck maker Rivian](http://www.cnn.com/2019/04/24/investing/ford-rivian/index.html) plans to offer next year. The starting price of those trucks is expected to be just under $70,000. Ford is investing $500 million in Rivian and [Amazon led a group of investors](http://www.cnn.com/2019/02/15/business/rivian-amazon/index.html) putting $700 million into the Michigan-based company. + +&#x200B; + +>"This will be a better truck than an F-150 in terms of truck-like functionality," Musk said, "and be a better sports car than a standard 911. That's the aspiration." +I'm in the HVAC industry, one of my clients bought and moved into a house last year with a 30 year old air conditioner. Now it has a broken (and unrepairable) r22 condenser, which means both the condenser and evaporator coil need to be replaced. She has $0 in savings, does not qualify for financing, $0 for a down payment of any kind, and even with slashing my margins to as razor thin as possible (she's a super nice lady, my boss OKed doing the install for damn near break-even) she can't afford it. So now she's stuck with a house in the deep south that doesn't have AC and it's the middle of June. Just thought this situation was a good illustration of why you always need to keep emergency cash (at least a couple grand) for home repairs. +(I'm assuming most of this story as I couldn't actually hear the conversation, but it doesn't really matter if it actually happened, or if its just hypothetical.) + +Yesterday I witnessed what I believe was two individuals buying bitcoin from an ATM. They hung around the ATM for probably 20 minutes, repeatedly checking their phones. It is my assumption that their recently purchased BTC was not showing in their wallet. + +It looked like they got the establishment to contact the owner of the ATM, who actually showed up and talked with them. I'm not sure if he was able to cancel the transaction, or what happened in the end, but they eventually left. All-in, they were probably there for an hour. + +All I could think during this scene was "damn, the mempool is massive right now and that transaction probably won't confirm for hours. I wonder if they know that." If this was their first bitcoin experience, it must have been incredibly disappointing. + +I realized that it doesn't matter if they know about the mempool, or fees, or if they are completely oblivious as to how bitcoin works. The point is that it wasn't working. The ATM probably has a hardcoded fee for transactions, as I'm sure many wallets and other bitcoin services do. + +If the mempool backlog is spam, or if its legitimate, something needs to change. Bitcoin cannot go mainstream if situations like this continue to occur. + +Remember, this shift to regularly full blocks and an increase in fees/confirmation times is a new economic policy for bitcoin, and it *will* drive users away. + +We need SegWit. +We need bigger blocks. +We need to contain this premature fee market before it gets out of control. + +We need these things today. + + + + + +Hi guys, + +I know this was probably asked a bunch of times, but I was hoping someone can shed some light on this who may have had a similar experience / background as I did. +My profile: +-Industrial Engineer +-focus on operations research (did a lot of the math basics for financial engineering: optimization, creating models, etc) +-Just wrote and most likely passed CFA Level 1 +-Previous work experience: Business Analyst (Supply Chain Industry) 16 months +-Current role: Data Analyst type role in a Big Canadian Bank (not finance related, more on the IT side. 9 months so far) + +What I want: An analytic role in capital markets, perhaps an equity analyst (not sure what would be an appropriate entry level role for someone in my situation?) + + +-I am thinking of picking up a few books that may help me get a deeper insight into some finance roles (I want to learn what quants, traders, and equity analysts do exactly). + +-As a way to showcase the skills I have built up so far (Data analysis, BI software / Excel / MATLAB, cfa1) and to show case my interest for the field, I'm thinking of trying to create some kind of evaluation model for technology stocks (I have a few ideas). + +What do you guys think? Any advice? + +Thanks a bunch in advance to anyone who has any feedback. + +Edit 1: Thanks guys, I will look into the Financial Engineering degree in more detail and in the meanwhile research the different roles. +Every bank has one (or several) strategist(s). It seems that all they do is make market calls that are right about half of the time. Do they actually contribute to what the banks do? Like shifting risk exposure to certain asset classes, telling traders to buy/sell more. + +Or are they just there for publicity? +So I havent followed the stock for long, but just looking back at the old information I was very confused by the move. In order to pay this dividend they entered into a significant amount of long term debt at 8.5%. Is there something obvious I'm missing here or is this just something franchises do? Any light anyone could shed on this would be welcome. +http://www.cnbc.com/2017/05/04/morgan-stanley-drops-vanguard-mutual-funds.html + +Any view about what this means for the investment industry? Guessing they were dropped due to lack of commissions/distribution fees. Think other brokerages will follow and this is the start of a pattern? + +Figured I would start a discussion. +Been buying and selling for 20 years and I don't get it. Most of the global economic news is not great, we are still running massive deficit spending, the interest rates are at all time lows, there are political crisis's with Turkey and Brazil, oil prices are in the toilet, Russia is on our shit list again, and the economy of the UK looks like its well on its way to recession if not worse (China too). The price-to-earnings ratio is way higher than five- and 10-year averages. That and there is a 50/50 chance of shit or shittier about to be elected president. + +How the hell is any of this good for the markets? Everything I thought I knew does not support these numbers. + +Is there more room up top or are we on the verge of a correction? +While everyone is pissing themselves in glee over the 4 way stock split, GameStop is at this very moment laying off 20% of their corporate staff. I have a friend who works there in Grapevine and it’s still ongoing. + +I know what you apes are probably thinking: that this is good, they’re trimming the fat, RC Cola and friends will remain and save the day - the layoff INCLUDES new hires from Chewie and Amazon. Say what you want about the future of the company, but 20% layoffs are never a good sign. I have a pretty good feeling that Royal Caribbean’s resurrection plan isn’t going so great. His success with Chewie is starting to look less like mastery of business and more like right place at the right time. + +TL;DR - GME moon soon go brr + +EDIT - Trust me bro. Now it’s coming out on Twitter: +https://mobile.twitter.com/stephentotilo/status/1545137465748590593 + +EDIT 2 - For all you twitter haters: +https://www.cnbc.com/2022/07/07/gamestop-cfo-is-leaving-the-company-retailer-announces-layoffs.html + +EDIT 3 - apparently it's 25% according to yahoo finance sources. I should fire my friend. https://finance.yahoo.com/news/game-stop-cfo-out-layoffs-announced-stock-drops-220443293.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADd15Qh6vbRQUrpDp1_VZAcJMTx99o4giH9xJ_DPqb-f36aU9r6-dFIJx8RH_J0WvKPt5kT5S5Zo9TBBcaQoskQNm2h8vVs36xZIlvzUeQyZ2-vYYpKCDvz8NCoQFufHlvxM0B049CvLIgmNME995fcfyguUNzmvnR1Fq2GX6a_E + +EDIT 4 - /u/gastopme beat me to the punch on this news... by 5 HOURS: +https://www.reddit.com/r/GameStop/comments/vtkujs/another_round_of_layoffs_at_corporate_today/ + +EDIT 5 - You guys got me.. I am actually Ken Griffin himself. You dratted apes saw right through my FUD attempt! Better tell the MSM to pull the story now that the jig is up... Mayonnaise. +After reading this news article I feel that all the signs are pointing towards a huge bubble waiting to be burst. What do you guys think? + +Banks don’t dare to lend to these segment of the market, so the developers set in to SELL and PROVIDE the LOAN at the same time to these consumers. And this can be up to 90% loan value of homes that cost over 1mil USD. + +https://www.scmp.com/business/article/3011167/tightened-mortgage-lending-has-pushed-hongkongers-arms-cash-rich[article](https://www.scmp.com/business/article/3011167/tightened-mortgage-lending-has-pushed-hongkongers-arms-cash-rich) + +Highlights: + +Penny Li, 35, a finance professional, ended up buying a smaller and more expensive new apartment as she could not get a mortgage for an old home in a better location that she had her eye on. With an initial deposit of as little as HK$1 million (US$127,404), she secured a 530 sq ft home that costs HK$9.4 million. +The developer is providing 90 per cent of the mortgage. “If it were not for the extra loan offered by the developer, I could not have bought this home,” Li says. + +——————— + +The average income of a fresh graduate in the city – will need to save up for 12 years for such a down payment without using a penny of their income + +——————— + +Mortgage loans for new homes provided by banks inched up 1.5 per cent in 2018 to HK$84.9 billion. But the proportion of loans for new homes offered by non-banking financial companies, mainly cash-rich developers’ finance companies, jumped to 21.7 per cent of the total in 2018, up from 14.6 per cent in 2017. +———————- +Could it possibly go even lower than this? + + + +https://finance.yahoo.com/news/dow-15000-very-likely-as-coronavirus-pandemic-hits-us-economy-strategist-181857580.html +That's according to Wall Street itself, which is pricing SCTY stock at a huge discount to its takeout price. Under the terms of the buyout agreement, SCTY shareholders will receive 0.11 shares of TSLA for each SolarCity share they own. + +The math on that: +TSLA price (9/16 close): $205.40 +Implied SCTY takeout price: $22.59 ($205.40 * 0.11) + +SCTY price (9/16 close): $17.50. + +So, SCTY is trading 23 percent below its takeout price, implying significant uncertainty. There are a few reasons for this, I leave it to you to decide how valid they are, but I just thought this was really interesting and a sort of under-covered topic. + +If you think the deal's gonna close in Q4, now might be a ripe time to load up on SolarCity. On the other hand, it's still dependent on Tesla's stock price, so you need to be somewhat confident that Tesla will remain stable for the next few months. + +Thoughts? + +http://money.usnews.com/investing/articles/2016-09-19/will-the-solarcity-corp-scty-deal-with-tesla-motors-inc-tsla-go-through + [Steve Cohen-backed start-up bets on 24-hour trading so investors can react instantly to tweets (cnbc.com)](https://www.cnbc.com/2021/12/05/steve-cohen-backed-start-up-bets-on-24-hour-trading-so-investors-can-react-instantly-to-tweets.html) + +The way I see it this drastically harms individual investors not even just retail investors, It would harm even individual accredited investors. 1 person can not be awake 24 hours. In the current system 1 individual investor may not have the same advanced algorithms or knowledge about sectors or single companies but has the same numbers of hours to react to market events as a Family Office, Hedge Fund or Investment Firm in the Stock Market. 24 hour trading would hand an insurmountable advantage to FOs and HFs etc etc as they have the budgets to break up to the 24 trading session into three 8 hour or four 6 hour periods for example and hire teams of people to work analyzing the market and doing everything that occurs during a normal trading day. If there is going to be radical changes to financial markets then the most sensible first step is to have 7 day trading every day. That way even if a retail investor doesn't have the time to be attentive to the stock market on weekends at least they could re-cap weekend trading on Monday or Tuesday after the market closes or something. +From CNBC, the DOJ is apparently opening an antitrust review of Alphabet, Facebook, Amazon & Apple. + + +[https://www.cnbc.com/2019/07/23/doj-reportedly-to-open-broad-antitrust-review-of-big-tech-tech-stocks-dip.html](https://www.cnbc.com/2019/07/23/doj-reportedly-to-open-broad-antitrust-review-of-big-tech-tech-stocks-dip.html) + + +"The U.S. Department of Justice is set to open open a broad antitrust review of big tech companies, separate from probes that were reportedly already underway, according to a report by the Wall Street Journal published Tuesday. + +The DOJ is reportedly launching the review based on “new Washington threats” from Facebook, Google, Amazon and Apple. It will examine practices of online platforms that dominate internet search, social media and retail services, the Journal said, citing officials." +A common trope that gets parroted here often is that you should buy rental properties for "income". + +Why not just invest in ETFs and mutual funds? Seems like less work and less risk. +I just thought I would share in case any of you are looking to sell a home. Part of our FI plan was moving to a less expensive home, and selling the one we were living in - which we just did. Saving a lot of extra money meant much great savings progress towards our FI goals. In case it helps anyone, here is what we did. + +1. We used a flat-fee MLS service instead of a listing agent. We shopped around for a flat fee service until we found one for $250. It got me access to MLS, and Centralized Showing Service, and most agents hadn't a clue I didn't have a listing agent until it came time to negotiate, which was great. We had 30 showings and 4 offers in less than a month, so it was obvious that not having a "real" agent made zero difference. Not using a full-service listing agent saved us $5175. + +2. We offered the lowest reasonable commission. Even though in our area the "typical commission" was 3%, we offered 2.4%. Agents didn't seem to care so long as they were getting something, but the difference to us was $1050. + +3. We followed the normal home-selling spruce up tips we found online. We spent a month getting the home ready, and instead of hiring a staging service, just left some of our furniture and decorations behind and bought some other stuff at a local thrift store as decoration. We didn’t do any major remodel, just spent most of the time painting, spackling, scrubbing grout, making sure the details were attended to. We mulched our yard and landscaped like crazy, but found mulch on Craiglist for really cheap and did the work ourselves. + +4. We did take the time to have professional photos made. We were lucky that my father was a professional photographer so he did ours for free. The big thing was a wide-angle lens that makes rooms look huge. + +5. We bought a home warranty in advance. Buyers will put the most expensive warranty they can request in their offers, so you are better off getting the promotional savings and shopping around. We saved $180 this way. + +6. We bought our own lockbox for $13 at WalMart and didn’t bother with a yard sign. Renting one was more expensive, and yard signs only tell your neighbors your home is for sale. (Edit: we also had so many showings it was obvious to us we didn't need it, but YMMV and renting one was only $50 more.) Everyone who is serious uses MLS. + +7. We shopped around for an attorney to do our document preparation, instead of using the buyer’s attorney. A few e-mails and phone calls saved us $50. + +8. Since we moved to a home that already had a washer and dryer, we sold the ones that were in the house. It made not a single bit of difference in the prices and offers being made, and we got $150 cash for them. + +9. We just completed doing our own repairs and probably saved another $500 or more in service fees to electricians, plumbers, etc. Since a lot of outlet issues came up, we bought our own outlet tester for $8 and switched out a few outlets that cost less than a buck at Home Depot. Look up all the repairs requested and it is amazing what very easy to do yourself. Per the contract, you are allowed to do them yourself, even though the buyer’s agent will offer to hire all the work out. + +10. We waited for a great offer (we had to remember that banks wait a minimum of 30 days to even review offers). The first offer we got right off the bat was pretty good, but we decided wait. 22 days later, we began to second guess ourselves, but then three more offers came in and we got to negotiate a multiple offer situation and ended up $2,500 ahead. What is great is that because we weren’t using a listing agent, there was no pressure to accept the first offer. The first offer and the offer we took were for the same price, except a big difference in seller-paid closing costs. This would have made no difference to the agent in commission, so they would have pushed us into the first offer and we were glad to not have someone pressuring us. Edit: Another reason we waited was because we were familiar with the [Freakonomics research that showed that real estate agents leave their own homes on the market an average of 10 days longer than their clients] (https://www.youtube.com/watch?v=17jO_w6f8Ck) + +I just hadn't added up all the savings, but they were a lot, and I thought I would share my experience. These days, MLS is king, and really all you need is that, a Craigslist ad, and maybe a free Zillow ad and you're good to go for "marketing." Open houses apparently don't generate many offers, just lots of realtors trying to get you to use them. :) + +Edits: +Here's the link to the original [MMM article How to Sell a House](http://www.mrmoneymustache.com/2015/06/20/how-to-sell-a-house/), and the flat fee MLS service we used was [Carolina Realty Solutions](http://www.carolinarealtysolutions.com) +[Original post](https://np.reddit.com/r/CryptoCurrency/comments/lwowyw/my_take_on_lto_network_the_ultimate/) by u/veegred + +>LTO has some of the highest adoption in crypto. It is not even in the top 200 by MCAP but it’s a top 10 blockchain by number of transactions (120k per day, with a steady 25% growth MoM). +> +>The reason why it has so many transactions is because they already have quite a few clients using it, and some big ones (for example, the UN, with land registry projects in developing countries like Afghanistan) are yet to start properly anchoring transactions on the network, something which will only increase the number of transactions especially as similar solutions for more countries are rolled out. +> +>Txs on the network and their fees are paid by actual clients that are getting BaaS (Blockchain-as-a-Service) out of LTO. There’s enough ghost chains with ‘great tech’ and ‘potential’ and negligible number of transactions/usage valued at billions of dollars. A lot of projects get built in hopes that they will attract customers. LTO has done it the other way round, focusing on business and adapting the tech to meet the needs of its clients. +> +>**But why buy LTO tokens?** +> +>You might be wondering what these do and how they are used in the ecosystem. LTO tokens are used to pay for transactions and smart contract fees. So far, almost 100m have been burnt, what makes LTO deflationary. In fact, 11,000 tokens are burnt on average every day, since txs cost a fee of .35 LTO, of which .25 is for nodes and leasing rewards, and .1 is burnt. This translates to about 3.4 million tokens being burnt every year at the current rate, out of a maximum supply of less than 400 million. You can stake the tokens by setting up your own node or lease them to an existing one (since it’s a proof-of-stake blockchain), and contribute to decentralisation and the security of the network, thereby earning LTO tokens. The staking currently earns you 7% APY, but this could go up based on tx growth and it is done through the LTO Network wallet. Tokens are also used for governance, allowing node operators to vote on network proposals. +> +>**But how can we benefit from it as an investment - would a high token price be good for clients? Surely the team would want to suppress the price so that they don’t lose business?** +> +>Let’s say, for instance, that the price of LTO goes up a lot in a short period of time. Nodes can then vote to lower the transaction fees to accommodate for a higher token price to keep the price low for customers. Customers can, however, just run their own node to contribute to the network and get a share of the rewards or use a validator to handle all that and not be impacted much by a rising price since that’s all factored into their business agreement - paid for in fiat for a flat amount. A lot of clients do not want the hassle of dealing with tokens or nodes - and that is perfectly fine since they don’t have to for LTO to provide their services and for us to benefit from their transactions. The team, in fact, has a portion of the total supply locked until the price reaches an acceptable (I.e not undervalued) level and they can use the funds for mergers and acquisitions with/of other great projects to add value to customers. Recently, VIDT was acquired in order to provide verifiable identities as part of the LTO product offering. +> +>All of this, if anything, leads to the logical conclusion that LTO is criminally undervalued, especially when you compare it to other projects that are basically ghost chains with zero clients or adoption, and just promises and price rises tied to speculation, hype, and FOMO. LTO’s mcap is currently $150 million, currently trading at about $0.50, and its ranked at #250 by mcap. To put it into perspective, At MANA’s (Decentraland) market cap, top 100 on coinmarketcap), LTO would be worth $1.36. At ETC’s (Ethereum Classic), top 50 on cmc, it would be worth $4.35. At XLM’s (Stellar), top 10, it would be worth $33.27. +> +>LTO just needs more exchanges and more recognition, but you can currently buy it on Binance if you have access to it. People in the US can also buy it, it’s explained [here](https://www.np.reddit.com/r/LTONetwork/comments/lhuxys/buying_lto_in_the_us_cheap/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf). This is not ideal, but the team is actively working on getting more listings and we should get some updates on that soon. This should only lead to more buying pressure and visibility. The fact that the Binance LTO wallet keeps getting drained day by day is a great indication of where LTO is going and destined to be. +> +>**TL;DR** \- LTO is a b2b blockchain that already works and is being used with growing txs every day by big clients. It has a lot of growing potential due to a small market cap and it not being listed on a lot of exchanges yet, good tokenomics due to its deflationary nature, staking rewards, and an actual use case for the token. +> +>This is not investment advice, just my conclusions from reading about LTO, watching webinars, reading AMAs and generally being involved in the community. As always, DYOR. + +&#x200B; +TLDR: + +✅ Unruggable + +✅ Rugscreen Passed + +✅ Amazing Community + +✅ Unique Tokenomics + +✅ Huge Potential + +No rug potential. It’s all about deflating the supply and building a community of real people. + +Each transaction will have a 10% tax. 10% is burned forever on each transaction. You read that right, 10%. This will be the fastest burning token around. + +Liquidity locked for five years through DXSale when presale finalized. + +Ownership will be renounced immediately upon launch. + +BSCscan verified source code. Rugscreen passed, certificate link provided in Telegram. Initial TechRate audit passed. PDF is in Telegram. + +Developer wallet will be for 0.00%. Absolutely zero team tokens. Developer will be using presale funds to martket/shill, to alleviate community concerns of the developer dumping. + +Essentially, this token will be completely rugpull safe and entirely community focused. The devs are open to feedback and questions and will be available in voice chat, so you can talk to a real person. Voice chat scheduled for 5hrs20mins from post. It seems like this is about as safe as it gets in this market. + +The devs have completed proper marketing, such as multiple tiktoks from two 800k crypto influencers. People in the group are the real deal. + +As always, DYOR, but I’m sure you’ll find that this project checks out. + +TG: https://t.me/hyperdeflate + +BSCscan verified contract address, rug screen certificate, initial audit certificate, Twitter and website details are all available on the Telegram. + +Pancakeswap launch in 24-48 hours, after we continue to grow our amazing community! +Zero exchange (ZERO) is currently up around 21% for the day. + +It’s a decentralized exchange built on the Avalanche blockchain, achieving sub-second transaction finality and realigning incentives for network participants by introducing revenue sharing and community driven network effects to the AMM model. + +They just announced a partnership for an IDO with BSCPad for a decentralized wsb Dapp on the binance smart chain. + +Honestly, this is a low market cap coin that could rival Uniswap and SUSHIswap. They have a fully working product on zero.exchange (check it out) that allows you to buy zero with ETH and functions exactly like Uniswap. The product is extremely clean, and once the user base gets there from a growing community, it’ll truly moon. + +This isn’t the best DD, but I’d urge you all to check it out. +World cases of Coronavirus cross 200000. +The outbreak is spreading rapidly and cases have gone exponentially up in the last couple of days. At this time Europe is considered the epicenter with most new cases coming out of here. This is why EU countries will be shutting their borders to prevent people from moving around and spreading the virus. In the USA, all of the 50 states have also confirmed cases. +All of this bad news is hitting the markets hard. China and Japan had the smallest impacts last night with their stock markets down less than 2%. South Korea was the worst performer from the Asian markets, down 5%. Europe is still trading while this article is written at 8AM ET, but all markets are in the red around 4-5%. +The US stock futures are limit down and the ETFs are pointing to an implied open of around -6%. Oil had a bad night, down 6% and trading now around 25$. +If Europe is a guide, there will be stricter measures coming to the USA as more and more videos of people parting and going out pop up on the internet. This will further drag the stock market downward. + +At the open I expect a decline and we probably will hit the circuit breaker at 7% for the S&P. This could be an intra-day opportunity since every time we have had the 15 minutes break, we sow an upward move. I would not get in the market at the open, leave the dust settle, if we hit a breaker, wait for the break and after it you can come in and Buy. As always keep your take profits and loss limits smaller, do not stay in open positions for a long period of time, take advantage of the break and get out. Sadly there is still a ways down before markets start going up. +Good luck! +Hey all, with multiple corporations announcing that America and likely most of the word is about to head into a recession/economic downturn in the not too distant future. What are your thoughts about what it will mean for the average joe, first home buyers and investors alike here In Australia? I am definitely not the brightest in terms of the economic space however have a great interest and would love to hear what people are thinking about what will happen and how that flow on affect will effect the different groups of people we have in this group. +I've just been struggling to see how a system fuelled by fake wealth, consumption and artificial booms thanks to the intervention of the RBA can survive as the years go by. Excuse any ignorance or misguided statements as I am still a student, but from the amount of research of done over the past 2 weeks, everything points to an economic collapse. People are incentivised to consume and not save. Due to the Australian 'romanticism' of property, people believe it is the most stable investment one can make and fund it with the equity of their other properties, meanwhile real wage growth has just stagnated and when all the interest only loans roll over in 2019/2020 mortgage stress will force many of these people who are just getting by, to ultimately default on their homes, causing a financial contagion within Australia. False signals also indicate to the market that resources must be diverted to housing when it almost has no productive capacity for Australia and doesn't contribute to increasing aggregate supply, which is desperately needed as a result of this pumped up aggregate demand fuelled by ultimately unproductive debt. Won't it just reach a point where the RBA is stuck inbetween a rock and a hard place? They either let this credit bubble burst, forcing an economic reset after 26 years of uninterrupted growth or try and further suppress interest rates and artificially pump the economy to a point where inflation is unsustainable. + +I would love to hear some optimistic views on this because so far I haven't been able to find many at all, and I want to avoid getting trapped in my own head. Always good to take in other people's opinion. +$CLF will be the next $WISH, $CLOV, $CLNE. Call volume and underlying price action is forming the similar ramps to how those stocks began. **If you got in at this stage for those stocks, you would have 20x+ your money in literally a few days**. + +(My APE positions that are already free money) + +https://preview.redd.it/sqo0min499471.png?width=1562&format=png&auto=webp&s=be8efc1ae04809fb0585f8d527b99baf254931da + +&#x200B; + +[500 shares](https://preview.redd.it/5dvltm6op9471.png?width=990&format=png&auto=webp&s=a9dde77de92277b30fe3fbd11825e83b33021e93) + +A combination of **high short interest, low float, increasing call volume** and **volatility expansion** (leading to IV expansion) will force Market Makers to delta and gamma hedge and shorts to capitulate themselves into a death spiral. + +**All signals are GO. It's a fucknado powder keg about to explode.** + +What will happen next? If you look at the 1min chart, $CLF is primed to break the $21.50 price resistance 6-year-high, and afterwards **there will be no reason for anyone holding any $CLF for the past 6 years to sell**. **This is the same story as $WISH:** + +&#x200B; + +https://preview.redd.it/gn6p9zg1f9471.png?width=1604&format=png&auto=webp&s=93945ebc09138c4c046412f329a4297fd2bbd690 + +&#x200B; + +https://preview.redd.it/nruq8ds7f9471.png?width=2388&format=png&auto=webp&s=4f588e4cb12c35164abf06202eaabeafe92e4f8f + +The IV expansion of all existing strikes will cause MMs to overhedge, **making the options market weigh more on the underlying market**, and as strikes become in the money the price action becomes a self-perpetuating feedback loop. In fact, Market Makers tend to LEAVE after meme-ification of a stock, **decreasing the float even more, destabilizing price resistance** while demand skyrockets. + +The ultimate reason why this is a great fundamental play? **It's not even a shitty MEME company**. It has great fundamentals and is one of the greatest beneficiaries of our inflationary environment-- **the steel shortage is a powerful macro trend** that's increasing the cash flows and fundamental value of the company, and the leadership is one that will use this macro trend to reinvest, balance their balance sheets, and prime themselves to increase their dominance in the iron/steel industries. + +&#x200B; + +Not financially advising anyone that the price target is $35+ + +FOMO on the WSB rallies of June? Now's your chance. +I have seen some articles about using dividends as an income but I can’t find anything about living off gains instead and I’m wondering why. + +If you had a 10% increase in the value of stocks and shares each year, couldn’t you sell enough to extract that value each year and use it as a tax-free salary? Sure, there are risks and you may not always see an increase but dividends are not guaranteed either and the principal investment can still take a big hit. + +For example, if you had £500,000 in a stocks and shares ISA, increasing by £50,000 (10%) each year, you could theoretically make and live off the 50K each year forever. + +Or am I missing something? +I’m aiming to put my 2 bed flat up for sale in a popular area (London, zone 3) in the next few weeks. + +Would you use a bricks and mortar estate agent (1% fee) to manage this, or a lower fee online agent (such as purple bricks)? + +I’ve been told that since the online agent takes an upfront fee, there is no incentive for them to “push” along a sale. Whereas we all know bricks and mortar try to make the max possible (in exchange for their 1%) + +Be great to know your thoughts! +"https:// + +imgflip.com/memegenerator/332455530/Bank-of-America-Global-ResearchTerminates-GME-Coverage" + +"https:// + +m.imgur.com/5SakjnE?r" + +Link to original post: +https://www.reddit.com/r/Superstonk/comments/otkhnu/infringes_the_copyrights_haha_boa_is_a_little/ +Burner account. Married 37 year old w no kids. Salary from day job 300k, need to work 60-80 hours a week. Average yearly gains from trading stocks 300k+/year. Liquid net-worth 1 mil, around 950k of which is investment money. Total net worth (not counting non rental homes) 2.5 mil, which also includes 300k in 401k and 1.2 mil (the price I paid) in rentals. + +I have an okay paying job that is secure but hours intensive. Moreover doesn’t look like I can climb any higher. I been trading since a little kid and am decent at consistently making money trading stocks. Over the last 5 years, my gains from trading have been between 50%-200% of yearly salary. My love is the stock market and trading, and I can probably make even more from trading if I devoted more time to it, but trading isn’t guaranteed money and it’s hard to let go of almost guaranteed money from day job. + +At what point/net worth threshold/income threshold should I quit my day job and focus on trading full time? Should I hold down the fort until I hit a magic number before quitting? + +Many thanks. +Hey [r/fatFIRE](https://www.reddit.com/r/fatFIRE/), coming to you for life path advice. This post is mostly about how I am on the path to fatFIRE, but don't like my career and want to course correct to a more fulfilling (yet still economically rewarding) career. My best guess is data engineering, but would appreciate your suggestions. + +**Current Status:** *(26M / NYC / $250k+ yr income)* + +I am a 26M (single, no dependents, no debt) working at a real estate private equity (REPE) megafund in Manhattan. I do well; for instance I was promoted early and received carry even as a junior analyst. I currently earn a quarter million cash pre-tax with meaningful upside through various equity instruments. All this to say that financially, I am on path toward a mediumFIRE/fatFIRE depending on equity performance. + +**The Issue:** *(career uninspiring)* + +The issue is that an REPE career doesn't excite me. From a gut perspective, buying and selling buildings becomes routine and uninspiring. For instance, I was the lead analyst on the coolest, most complex take-private my fund ever did (billions upon billions of dollars, crazy complex structure). Yet, I never got thrilled, intrigued, or otherwise excited about any aspect of the work. Several years and many other deals have passed, and I still just don't really find any of it interesting. I wish my heart were in it, but it just is not and I can't force myself to like it (been trying for years). + +**What I Like** *(problem solving, coding)* + +I am a motivated self-learner, and I am passionate about a variety of topics. I split my free time between studying MOOCs (primarily computer science & statistics), maintaining a small blog I run with \~$600 MRR & growing slowly, reading, and exercising. I like to tinker with things, am pretty energetic, and am willing to and often do work long hours. + +**Alternative Path?** *(data engineer)* + +Data engineering / data science looks like it is right up my alley. No, I have no formal training. However, neither did my brother about 7 months ago when he was hired for a data engineering role (\~$80k, MCOL southern city). He had less coding background than I have now, yet had built up a small portfolio on Upwork. He loves his job and the problems he tackles sound really cool. He's always motivated to stay up late and work weekends on his problems just because he wants to know the answer. Given my brother's experience, I feel safe assuming I could perhaps follow a similar path to getting hired in a similar position. + +**Suggestions?** + +The alternative path is just the best idea I have, it isn't set in stone. I am here to ask what you think of it, and to hear other suggestions you might have. Though I understand "stick it out with your career" is an option I may eventually pursue, I am more curious to hear about "exit plans" you might suggest for a more fulfilling, problem-solving career. I can stomach a short-term wage cut down to \~$80k all-in, provided I get back on the fatFIRE path after the first few years on the learning curve. + +**tl;dr** + +26M (single, no dependents, no debt) working as a junior investor at a giant manhattan real estate fund wants to pivot into a more quantitative, problem-solving role. Thinks data engineering is best choice given brother's recent success and fulfillment in the space. However, is open to suggestions and would like to know what opportunities might exist for someone like me. + +&#x200B; + +**EDIT 1:** Thought this might be a helpful addition on where my heart lies, quote from [Superforecasting](https://books.google.com/books?id=hC_qBQAAQBAJ&pg=PT138&lpg=PT138&dq=Epistemic+uncertainty+is+something+you+don%27t+know+but+is,+at+least+in+theory,+knowable.+If+you+wanted+to+predict+the+workings+of+a+mystery+machine,+skilled+engineers+could,+in+theory,+pry+it+open+and+figure+it+out.+Mastering+mechanisms+is+a+prototypical+clocklike+forecasting+challenge.+Aleatory+uncertainty+is+something+you+not+only+don%27t+know;+it+is+unknowable.+No+matter+how+much+you+want+to+know+it+will+rain+tomorrow,&source=bl&ots=wiexs-6TjE&sig=ACfU3U0m2FpFB2XJLGRxRnaU0aoJRanCww&hl=en&sa=X&ved=2ahUKEwi9iJfGgf_mAhWnmuAKHaruAbwQ6AEwAHoECAoQAQ#v=onepage&q=Epistemic%20uncertainty%20is%20something%20you%20don't%20know%20but%20is%2C%20at%20least%20in%20theory%2C%20knowable.%20If%20you%20wanted%20to%20predict%20the%20workings%20of%20a%20mystery%20machine%2C%20skilled%20engineers%20could%2C%20in%20theory%2C%20pry%20it%20open%20and%20figure%20it%20out.%20Mastering%20mechanisms%20is%20a%20prototypical%20clocklike%20forecasting%20challenge.%20Aleatory%20uncertainty%20is%20something%20you%20not%20only%20don't%20know%3B%20it%20is%20unknowable.%20No%20matter%20how%20much%20you%20want%20to%20know%20it%20will%20rain%20tomorrow%2C&f=false): + +>**Epistemic uncertainty** is something you don't know but is, at least in theory, knowable. If you wanted to predict the workings of a mystery machine, skilled engineers could, in theory, pry it open and figure it out. Mastering mechanisms is a prototypical clocklike forecasting challenge. **Aleatory uncertainty** is something you not only don't know; it is unknowable. No matter how much you want to know it will rain in Philadelphia one year from now, no matter how many great meteorologists you consult, you can't outguess the seasonal averages. You are dealing with an intractably cloud-like problem, with uncertainty that is impossible, even in theory, to eliminate. + +The issue with my investments career is that the problems I encounter fall under "aleatory uncertainty." No matter how much you try to guess where rents will be in Houston in five years, the truth is pretty fundamentally unknowable. I'd like a career where I focus on big, hairy, yet tangible issues that fall under "epistemic uncertainty." +Hey folks, new to this Sub. I'm at the start of my career. I've been thinking a lot about my FIRE number and I'm just curious what, to you, qualifies as a fat retirement. Either in rough dollars or in percentage of your preretirement income. I'm mostly wondering, if I have all my debts paid, will I need...idk, $50k annually? $200k? I'm nowhere near that point where I'm ready to analyze current spending and use it to forecast my retirement needs. Just curious where to put my target, roughly. For context, I'm in med school, will graduate with only about $65k in loans, no other debts, and median career salary will be anywhere from $200k to $400k depending on specialty. I'll be making that kind of money when I'm 35 ish. My plan is to start out with a modest lifestyle and sock away cash since my retirement savings will be delayed. I hope to save over half my income, perhaps even more during those first few years. +I may be projected to make $40-$45k next year, I’d have to work almost non stop with a week vaca. Unsure if this is right for me anymore, I used to make 60k+ working for a a company with benefits. Tried to work on my passion doing barbering and honestly not sure if it’s worth doing 45+ hours a week for less pay and to break my back all day. + +It’s making me question my career change, I still love what I do and I’m struggling to see the benefits. Contributing to my RRSP to lower my income seems pointless, my take home after HST is peanuts, can anyone chime in on this? +-32 single, TFSA maxed, no property, no debt +Pretty simple question. The website I use to file online charges $12.95 to file a state tax return. Louisiana owes me $10, so if I file, I'd actually be losing a few dollars. It's just a couple dollars, so I figured screw it, they can keep the $10. But I just got a letter asking me where me tax return is. My question is whether I will get in trouble for not filing even though they're the ones who owe me money. + +&#x200B; + +EDIT: Thank you all for the answers. I'm sorry i couldn't respond to everything. I got tons of great advice and information. Thank you all. +Yet another active bashing piece from the [FT](https://www.ft.com/content/7e4c0d91-8b6d-419b-9be3-80131d5cb462). Stating that on average US active managers have underperformed the market. + +As usual, comments section is a brawl. But along side the comments about “correlation” and people calling each other names - not that unlike WSB to be fair - I see this: + +“Do people realize that this is almost true by definition? + +Active managers largely trade with one another as they dont trade with passive, buy-and-hold investors. As such, one manager's gain is another manager's loss. + +Throw in the higher fees that they charge and active managers must underperform on average a passive market portfolio. + +And the empirical evidence is pretty clear that they do precisely that.” + +I don’t know why I’d never thought of this before. If you take a large enough sample of managers, they will collectively own the entire market (or a large enough sample to be representative of it) and if you then take their average performance you get ... the average market return (less fees). + +If we tried to find the average portfolio performance of members of this sub, we’d probably get a very similar result too. Because collectively we’re probably big enough to OWN the market. + +So it appears that yes it is impossible for active managers to outperform markets when considered collectively. + +Keen to hear your thoughts on this. + +TLDR: Active managers cannot outperform markets when they are considered collectively. As collectively, they own the market and therefore will only ever match the average market returns, less of fees. +Just want to remind investors please do not buy the overvalued ipo on the first day. Usually the stocks will keep coming down because 100% up on the first ipo day is abnormal. Investors should be patient and wait for a good entry point. Give them like a month to settle the valuation before buying them. + +Thanks for the awards. +# Daily Smooth Brain Jungle + +Talk about whatever you want, just follow the subreddit rules. + +*Please let smooth brain apes know about the daily discussion for wrinkle brains so they can take their conversation there if needed, and report comments that may need moderator attention. We will make attempts to politely redirect discussion, but will moderate further if necessary.* + +# 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) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily Smooth Brain Jungle discussion threads are created at 4:20 a.m. EDT* +Hi there, + +I have been banking with Monzo for a few months now, using it to trade Bitcoins through LocalBitcoins (peer to peer) and pay for various things. Recently the "Specialist" support team contacted me saying I have been found to have commited fraud through LocalBitcoins and other cryptocurrency platforms (which is completely untrue seeing as I have stolen no one's money and I only use LBC). I continued using my account saying I am willing to provide anything they need to get this case disproven but they asked for nothing. + +A day later I end up having payments blocked on my account suddenly and then within an hour my account was shutdown without warning or reason, stating that, "The outstanding balance of your account have been returned to their originating source". My understanding was that UK banks have to give you a grace period to move your money to another bank of at least 30 days. + +So what do I do? How do I get my money back? + +Thank you in advance, + +Harkins123 + +Update: + +I have opened up a new account on the highstreet today, surely that indicates I am under no investigations + +19/06/18 - I just got the final statement from Monzo and they sent it back to one of my clients! How do I get it back? +Many on here are, rightfully so, quick to point out that certain stocks are currently "overvalued" or "overhyped". + +So I ask you this question: Which stocks would you still buy today at today's valuations? + +I don't mean to simply add one more share to a position where you're already up 500%, but rather starting a new position. Which companies are so attractive at current valuations to warrant a purchase? + +My personal picks, at today's prices, are: + +\- AAPL + +\- SE + +\- NET +That advertisement that they paid millions for, just mocked a few million American investors for believing in their decision to buy shares with their own money. + +Everyday humans who decided to rally against something significant and broken, put their money, not someone else’s - into a cause and the brokerages that make their money through retail support just took the piss. + +If you ever wondered how these brokers will deal if and when the inevitable happens with some of these stocks, best believe this is what they think of you and what you deserve. + +E-trade deserves nothing from you if you’re invested in anything that’s been marred as a meme. + +Responding with your feet is the way +[Hello! Jellyfish here and I would like to dive into Union Pacific's most recent service interruptions in the broader 'inflation in the transportation network' discussion. ](https://i.redd.it/9zaud1jh6tb71.gif) + +We have covered the [transportation network as a whole](https://www.reddit.com/r/Superstonk/comments/ok8wzq/inflation_alert_cass_freight_index_grew_268_yy_in/), but today I would like to drill dive further and review Union Pacific. + +https://i.redd.it/2z2oqoxsdtb71.gif + +# First, recapping at a Macro level: + +https://preview.redd.it/bakv5rp79tb71.png?width=692&format=png&auto=webp&s=a4a8e72ca26b60f064e589fef137240494fd635d + +>**The expenditures portion of the Cass Freight Index grew at its fastest pace ever on a y/y basis again in June, up 56.4% y/y, accelerated from 49.9% y/y growth in May. This acceleration occurred even against a slightly tougher comparison, as higher rate trends outweighed the slower shipment volumes**. +> +>Tougher comparisons in the coming months will naturally slow these y/y increases, but **extraordinary growth rates will continue in the near term, driven by increases in both shipment volumes and freight rates**. + +https://preview.redd.it/3bproax8btb71.png?width=889&format=png&auto=webp&s=8958dbd54c12110ed723127f28c8200a669c789d + +# Freight Rates + +The freight rates embedded in the two components of the **Cass Freight Index surged to a 23.4% y/y increase in June from a 10.8% y/y increase in May.** + +**The embedded rates jumped 12.3% m/m on a seasonally adjusted basis in June, more than reversing a 7.8% m/m decrease in May.** + +**This result confirms that the accelerating trend remained intact through Q2**, + +https://preview.redd.it/m42i1o9actb71.png?width=884&format=png&auto=webp&s=c44ba155033116ac8641bf7716391383f065621a + +# Freight Expectations + +>In June, Class I railroad trends slowed a bit more than tougher prior year comparisons, due in part to chassis shortages. But although automotive volumes turned negative y/y in recent weeks, they rose another 4% m/m in June after gaining 4% in May as parts shortages eased, beginning to recover from the 20% m/m decline in April.In Q2, rail volumes were slightly above sequential seasonal patterns, up 23% y/y, but momentum slowed in recent weeks. Against a y/y decline of 6% in Q3’20, prior year comparisons will be more meaningful in the coming months, and **this broad measure of freight volumes is still on pace for high-single-digit y/y growth in Q3.** +> +>Even with material supply constraints, the freight cycle remains in high-growth mode, benefiting from a strong retail economy, tight inventories, and **a persistent backlog of containerships anchored in the San Pedro Bay**. In addition, while the industrial sector continues to struggle on a relative basis, with record capital goods demand and likely infrastructure programs, an accelerating U.S. industrial sector should support freight growth for some time. +> +>But the dynamics of tight supply and exceptionally strong demand, which have characterized the past year or so will not last indefinitely, and several of the indicators we monitor are auguring new trajectories. + +Quickly recapping above, freight is increasing in price but backed up as supply cannot keep up with demand. Judging by the news from Union Pacific, this dynamic is about to get thrown more out of whack. + +[https:\/\/www.up.com\/customers\/announcements\/customernews\/generalannouncements\/CN2021-42.html](https://preview.redd.it/v0xhhwbgftb71.png?width=1655&format=png&auto=webp&s=0146dc07cfdbcb7be94705d45e273d530f0d8954) + +In a letter at the end of June to customers, Kenny Rocker from Union Pacific detailed on-time shipment for domestic delivery at 68% and international at 73%. + +>'**Robust demand is placing challenges on some supply chains, especially in the intermodal space.'** +> +>'**Roadways and bridges in America are aging out of their lifespans, and that means more closures like the one in Memphis, whether planned or unplanned, are ahead.** Fortunately, these closures don’t affect rail traffic, which means shipping by rail can help companies avoid the impacts of infrastructure improvements on supply chains.' + +# Funny, he brings up roads and bridges not affecting rail, and then BAM! + +[https:\/\/www.up.com\/customers\/announcements\/customernews\/generalannouncements\/CN2021-45.html](https://preview.redd.it/7wukk5rrgtb71.png?width=1436&format=png&auto=webp&s=cf973fc017207154701c79fe4e8fd0be92a0ed9c) + +So, bridges can affect your rail? I know trains are in a war with trucks to move freight but let's be honest about the infrastructure around here--it is falling apart everywhere! + +# Oh, and speaking of delays!: + +[https:\/\/www.up.com\/customers\/announcements\/customernews\/generalannouncements\/CN2021-46.html](https://preview.redd.it/rzicib62htb71.png?width=1462&format=png&auto=webp&s=d7a10ebab8fc145d637487686afec6b441cdb2f9) + +Not only is transportation trying to scramble to keep up with demand, but it is also having to contend with mother nature shutting down strategic pieces for unknown amounts of time. Yes, the bull of this will be handed off to trucking, but as we can see, costs are blowing up there as well: + +[ https:\/\/www.dat.com\/industry-trends\/trendlines\/van\/national-rates ](https://preview.redd.it/40h7ug0shtb71.png?width=1599&format=png&auto=webp&s=b8ed7e909e448ab300cfb1f5fef62c1e9c3906cc) + +The average national *spot rate* for van-type trailers has been rising for the past 12 months and in June reached $2.67 a mile, up 47% year-over-year. The average national *contract rate* for vans jumped by 36% year-over-year, to $2.73 per mile + +[ https:\/\/www.dat.com\/industry-trends\/trendlines\/flatbed\/national-rates ](https://preview.redd.it/swfr9ty1itb71.png?width=1219&format=png&auto=webp&s=73d8f1f4d11ded0c5195630d01b9ce9df2ea15ee) + +The average national spot rate for flatbed trailers (hauling heavy equipment, construction materials like those giant pipes you see convoys transporting on the highway, Kenny's Mayo Jar, etc.) jumped by 52% year-over-year to $3.15 per mile. The *contract rate* jumped 29% year-over-year to $3.12 a mile. + +**All of this while of course diesel prices are of course jumping as well:** + +https://preview.redd.it/b4yy9088itb71.png?width=779&format=png&auto=webp&s=014c3c4295440cf3e91df572231b6d11b69ce488 + +**The entire transportation network is facing spikes in costs and supply shortages, and you can bet the costs will get passed down the line. More fun to look forward to over the coming months.** [The CPI number from this week is a lie](https://www.reddit.com/r/Superstonk/comments/ok45ql/inflation_alert_a_dive_into_yesterdays_cpi_report/) **and a joke and inflation is not transitory--as Covid-19, Suez Canal, and Mother Nature all have continued roles to play in seeing it stick around.** + +# All of this pain in the transportation system 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/ldnjq86jjtb71.gif + +$40 billion a month in mortgage-backed securities. This 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 + +Buckle up. + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions or areas to explore, happy to try and help! ](https://i.redd.it/sckufqwjktb71.gif) +I attempted to save £10k this year. I'm £1500 off the mark and a little dissappointed to be fair. But, starting to plan for next year to to make up the £1500. Unforseen circumstances appeared which caused the minor setback. + +**Things that helped me** + +* Put money into my savings straight after pay day. +* I take my own lunch to work. Saves me so much!!!! +* Created a spreadsheet with incomings and outgoings payments +* Built a deeper understanding of what I was spending my money on. Monzo helped me with this and looking forward to seeing my Monzo year in review report. +* Set monthly personal budget to £350 a month. +* A simple one but said "No" to a lot of things. + +**Next year plan** + +* Work on second revenue stream - so probably freelance more. +* Pushing on career wise to earn more. +* Set up an emergency fund. Good tip from /u/naisdes + +What things helped you to save this year? Would love to add more tips to my arsenal and help other prepare for 2020. +I've always wanted to learn how to fly a plane and considering having flying as a hobby when I Fatfire in the next few years. Not sure if I want a private plane yet, but I want to get my toes wet by taking lessons and see how it is. Have any people on this sub done this? Any advice and tips would be appreciated. + +thanks +In Fatfire range. 80/20 - 7.3M (as of today's bloodbath) and lead a team of 50+ people. Just going to put it out there. I am sick of people management and just want to be an IC. + +&#x200B; + +The challenge: My resume has 10-12 years of incrementing leadership roles and I am not sure how to solve this. + +Background: I am in Tech - Have maintained my technical skills, and would rather just have a job that I can do in a repetitive manner for the next few years than people management. I love the technical side, am beginning to despise people management. TC is 600k with 315k salary. Would take a 50% pay cut if it means just enjoying life. + +&#x200B; + +Any thoughts on how to alter my resume to align with IC work? + +\*Contributor +I wanted to make a Bitcoin cold storage wallet myself to DCA into when prices are low. I made one previously back in 2017 on an offline computer using Tails, but that was a ton of work. This time, I figured I would roll up my sleeves and generate entropy the old fashioned way: using skittles. + +Skittles are a lot like dice. There are five different colors in a bag, so essentially they form a five-sided die (assuming you have even color distribution). So here are the steps to make your Skittles cold storage wallet: + +1. Acquire Skittles +2. Sort them so you have an even amount of all colors +3. Mix them up (I used a cocktail shaker +4. Pour them out one by one and count out 111 skittles. Why 111? This is the number needed to generate the 256 bits needed for your private key. +5. Give each color a number. E.g., "Yellow is 0, Red is 1, etc." This happens to be a "base 5" number. Type in "Convert Base 5 to Base 16" in Google, enter your number, and get your base 16 number. It will look like an altcoin wallet address (0x...). This is your private key. +6. Using some python scripts you can find on like the bitcointalk forums (or stackoverflow), you can generate your public key from your private key. + +**Or if you don't like math** I made a [tool does all the hard parts for you](https://bitscrypto.com/skittles). **Do not use this tool for real money.** If you are actually going to generate your bitcoin wallet from something like dice or skittles, you should do it completely offline. + +It's very important to own your own private key. It's ironic how a centralized exchange has become the default place to store digital wealth. To help fix this problem, I wrote an ios/android app that rounds up everyday purchases and invests the spare change into Bitcoin and other cryptocurrencies (basically, [the "Acorns" of crypto](https://9u9hu.app.link/e/view)). It integrates with Coinbase, and will soon offer an easy offramp from centralized exchanges so beginners and veterans alike can easily and safely offramp and start taking custody of their own wealth. I made it free with no monetization plan (it’s in the app store, so reviewed by Apple/Google). +Hello, my total compensation currently increased to the point of having to worry about the 100k tax trap which means from here on out I'll need to make pension contribution amounts to avoid it. + +My current thought process is to put the bare minimum in e.g. if I make 120k, then I put 20k into my pension and do this as long as I can. + +The alternative, and this is where my knowledge is lacking, is to max out my pension as early as possible i.e. 40k. My concern is that if I do 40k for a long time (\~6-8 years) I'll hit the lifetime allowance point and incur the charges associated with it (I'm 29). My other concern is that the benefits associated with higher rate tax payers won't last forever, so it'd be good to take advantage of it while things are good. + +I'd appreciate any thoughts around where I've missed something. + +Thanks! +This is my fifth yearly update on my FIRE journey after reaching 100k 4 years ago.  You can read the previous posts below: + +1. [Four years ago: I hit 100k of invested assets](https://www.reddit.com/r/financialindependence/comments/261kp3/major_personal_milestone_achieved_this_week/) +2. [Three years ago: I posted my first update](https://www.reddit.com/r/financialindependence/comments/36jg7u/one_year_after_100k_update/) +3. [Two years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/4jt2d2/two_years_after_100k_update_2/) +4. [Last year: I posted another update](https://www.reddit.com/r/financialindependence/comments/6bjp0r/three_years_after_100k_update_3/) + +So here’s my update for this year.   + +34, Married, childfree + +[Mint Snapshot, Net Worth, and Net Worth w/o home value](https://imgur.com/a/UkZyxFp) + +[Snapshot Evolution](https://imgur.com/a/MZk4rtT) + +Well, I did it.  I retired from full\-time corporate work.  Sort\-of.  Ok, I got laid off.  I had been telling myself that my last position was going to be *my last position* for a while.  If I hung on for four years, great if not, I'd be glad to put the capstone on 8 years of corporate employment.  Through reading so much about SWRs and confidence levels I heard it phrased that a 5&#37; failure rate means that there's a 5&#37; chance that you'll have to work again and a 95&#37; chance that you already worked too much.  That struck me as an important insight and made me crave a riskier take\-off point. + +So in January of 2018 my employer gave me the choice of transferring to another dept. or taking severance and I took the severance.  I'll basically end up with an extra $30k all said and done.  In the meantime I'm putting some sweat equity into my home, managing our Airbnb business and working on a side\-gig that's targeting some revenue by EOY with a partner.  I've been able to work out a lot more and keep some of the house work off my SO's plate.   + +**\*\*Total Net Worth\*\*** = $600k.  Mint says $700k because my Zestimate \(TM\) has jumped up to $598k \(I bought just over a year ago for $472k\)  mostly because of a 2019 tax assessment which has already been appealed and lowered to $450k.  I could probably sell the house for $500k ATM, not that I'm planning to.   + +**\*\*FI Goal\*\*** = $1.1M w/o mortgage.  This is my lowest, most responsible estimate.  Neither of us would have to work at that point.  I would stop maintaining my resume or staying in the corporate applicant pool at when we get there.  As it stands I still keep the recruiter/resume machine spun up out of abundant caution. + +**\*\*Debts\*\*** =  377k mortgage @4.275&#37;, monthly expenses on credit cards paid in full each month. + +**\*\*Income\*\*** = SO's income \(\~65k/yr\) \+ Airbnb \(\~12k/yr\).  I'll either have grown this side\-gig into a reasonable prospect or be taking another corporate job by fall/winter. + +**\*\*Expenses\*\*** =  Subtracting home remodeling projects, airbnb furnishing and side\-gig capital contributions our expenses are about $5k/month $3k of which is mortgage/property taxes/insurance.  We've spent about $20k on those subtractions so $80k was spent in the last 12 months. + +At the reduced income we are at about 0\-5&#37; savings rate.   + +**\*\*Other Details\*\*** + +\*The last year has been an experiment in diversification of income.  Spinning up the Airbnb business was quite a bit of work, but you can also do it very lean.  Our biggest hang\-up was my partner wanting everything to be perfect \(more expensive and more delayed\) before switching it live and me wanting to just turn it on and find out what was important or missing from our guests.  All in all it's been pretty easy.  We had our first guest in Nov. and have made \~$7k so far.  Being extremely discriminating with guests has made all the difference, we haven't had any bad experiences yet and we are about 20 guests in.   + +\*A side benefit of the bigger house is that we've been able to create some of that community house feel.  It's easy for us to provide rooms for friends \(or friends of friends\) and my side\-gig partner works out of an office in my place too.  Every so often I feel like we are a bit inhibited out of consideration to our paying guests but we'll find a balance.  Offering a free room to friends now also has a very concrete opportunity cost associated to it, which is a nefarious dynamic we're having to grapple with.   + +\*I changed my asset allocation this year due to the acquisition of a large mortgage thanks to an insightful comment from last years update.   + +\* Bonds\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-27.00&#37; \(VBILX\) + +\* S&P 500\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-13.00&#37; \(VFIAX\) + +\* Small Cap US\-\-\-\-\-\-\-\-\-\-13.00&#37; \(VSIAX\) + +\* Emerging Mrkt\-\-\-\-\-\-\-\-\-12.00&#37; \(VEMAX\) + +\* REIT\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-12.00&#37; \(VGSLX\) + +\* Precious Metal\-\-\-\-\-\-\-\-\-10.00&#37; \(VGPMX\) + +\* International Large\-\-\-\-13.00&#37; \(VTIAX\) + +|Asset Type|Fund|Allocation| +|:-|:-|:-| +|Bond Index|VBILX|27&#37;| +|S&P 500 Index|VFIAX|13&#37;| +|Small Cap US Index|VSIAX|13&#37;| +|Emerging Mrkt Index|VEMAX|12&#37;| +|REIT Index|VGSLX|12&#37;| +|Precious Metal Index|VGPMX|10&#37;| +|International Large Index|VTIAX|12&#37;| + +I lowered by Bond Allocation and raised the others except Precious Metals.  I'm still pretty uncorrelated but these small changes did a remarkable job of bringing my historical performance closer to a typical 80/20 portfolio \(which I don't necessarily want\).  + +\*Last year I got really bummed out by all of the negative responses to this post.  I'll try to do a better job of stoically reflecting on any and everything you have for me without becoming defensive.   If you do feel the need to heavily criticize my choices or situation please don't hold back, but please do include *your* age, FI number and progress in the comment.  If you don't I will assume you are a delusional teenager living with your parents to make myself feel better. + +Please give me all your criticism and questions!  That’s why I keep posting these.  Thank you all for the inspiration!  If I forgot anything, please just ask and I'll add it to the OP. + +GLTA! + This proposal didn't pass the threshold of votes last round, but a few people suggested reintroducing the poll for this round too. Hopefully we meet the threshold this round! + +As of now, there is no purpose for Moons on [r/Cryptocurrency](https://www.reddit.com/r/Cryptocurrency/) other than paying 10x more for a monthly membership. The tipping feature is nice, but it is rarely used due to the potential loss of eligibility for the 20% bonus. Users should be allowed to tip up to 10% of moons received in the previous distribution before losing eligibility for the 20% bonus for keeping their moons in their vault. + +One argument against this change is the idea that users might use this to sell their moons while retaining eligibility for the bonus on the next distribution. By capping the amount of moons withdrawn to 10% of the previous distribution, the effect will be greatly reduced. The increase in attention due to the new use case of tipping users for providing good discussion should make up for this as well. + +[View Poll](https://www.reddit.com/poll/nynqq7) +Need help regarding ITR 2. Is it working fine now. What is the list of common errors? +Is offline excel utility available. I used to file using offline excel utility Im earlier years. +Every month Rs 1245 gets deducted from my salary as PF. +If I invest the same amount in nationalised bank or post office in their PPF or RD, after 35 years and assuming 8.5 % interest per annum I will end up with at least 30 lacs. +If I invest that 30 lacs in an FD with an annual interest of 7% I will receive at least 17000 per month as interest and I will have the principal amount with me. +But the 1245 I am paying for EPS will swallow my entire principal and will only give me 7500 per month as pension. + +Please provide your inputs. let me know where I have gone wrong in my calculations. +My EPF Passbook shows Pension Contributions for each month. What happens to that? Is Pension something which I will get on retirement? A quick search on internet and asking colleagues did not provide any answer so posting it here. +https://www.businesstoday.in/current/economy-politics/salary-structure-employees-higher-basic-income-allowances/story/279108.html + + +While I hate government interference in anything – there is an argument to be made that in a country with such widespread financial illiteracy and so ill-prepared for retirement – increasing the component of PPF is a good thing. + + +Equally there’s a good opposing argument to be made that force without financial education is ineffective. Since people will likely withdraw their PPF and spend it on conspicuous consumption items like children’s wedding etc and the retirement scenario will not change. Also – India has an extremely high Household savings rate % already – just that the money is deployed for other goals. + + +Thoughts? + + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +What would be better to buy ? +Digital gold? Or a gold bond? +A gold bond is a derivative of gold only. +So I was thinking digital gold makes more sense. +Advice? +**tl;dr**: Went to close Yes Bank account in April 2015. They demanded a closure fee I refused. They asked me just to stop using it and I did and now some kind of fine has accumulated as like Rs 10000. They have not deactivated account or anything. I haven't used it either. How worried should I be. Does it affect my CIBIL score. There was no other due. + + +Had an account with Yes Bank till April 15 (had it for 2+ years). Went to close the account and they asked me to pay Rs 120. I said it wasn't there when I opened the account. They said yes it was added later. I wasn't notified but they said they didn't need to do that. + +I refused to pay. The executive said then I should just destroy my debit card and chequebook and after few months it will be deactivated and closed. + +They kept sending me SMSes saying they will deactivate account and all and every month or so kept charging some fine. It's not something around: -10K INR. + +Their SMS is like this: Balance Rs 24 and then another balance Rs -10,000. + +Few months back got a call from Yes Bank and they said I should pay it and close the account or my credit score will be affected. I asked them not to call me again. My friend said they are bluffing. He is a CA don't know how good. + +I recently checked my CIBIL score (few days back) and it's ~820. I have no loan history; none. I have 5-6 credit cards, 4-5 cancelled credit cards. One credit card payment missed by few days that I paid as soon as I figured out. I pay credit card on the day of bill generation pretty much. +Just saw a release that [Cboe](https://www.prnewswire.com/news-releases/introducing-nanos-by-cboe-smaller-and-simpler-options-designed-for-retail-traders-301409732.html) announced a 1 multiplier option contract on the S&P 500. Thoughts? +If you're one of those Blockfolio junkies, and check your shit every six seconds, I can tell you right now that 2018 is going to be a really rough year for you. + +The whales are manipulating the market as much as they possibly can right now, because they know regulations are just around the corner, so you can expect them to bull-trap it along until they come. + +With that being said, the best thing you can do, is to find the coins and tokens you love, invest what you can in them, which means no margin trading, and just leave them the fuck alone! + +Day trading is a losing mans game, especially in this market with no regulations, shitty exchanges, and $100 transfer and commission fees. + +Oh, and one last thing, for the love of Satoshi, please do not take any advice from the paid shills on the front page of this sub-Reddit. +I'm too late to be an early adopter of BTC, I screwed around in my CompSci classes a decade before the Genesis block instead of helping. +I'm too late to mine BTC on my CPU, by almost a decade. +I'm too late to mine BTC on my GPU, by several years. +I'm almost too late to mine BTC on my ASICs, they'll be out of date in a few years. Maybe less. +I've made TWO purchases with BTC, both to buy another ASIC. +I'm sold some BTC. Ok, I'm too early there, but regret it just the same. + +I just spun up a testnet BTC node and installed the Eclair Lightning Network client. + +I did it on an OS I'm really not familiar with, Ubuntu is just different enough from Win10 to make me struggle. I could have done it on Win10, I chose the harder route. + +I'm NOT too late to do my little part to make this happen. I opened a channel between a testnet Core wallet and an online testnet wallet and bounced Lightning transactions back and forth for an hour, taking only a few seconds between transactions. Paid only 2 miner's fees. + +I could have sent transactions to anyone running a connected Lightning client just as fast. And vice versa. It took half an hour to fund the channel, yes. And another half an hour or so to secure my funds when I closed the channel. Had I done those transactions without Lightning, it'd have taken most of a day. Not even Bitcoin Cash's large block size could have done that, its limited by the same 10 minute heartbeat Bitcoin has. + +THIS feels like the future. I am NOT too late. Noone is. + +Edit: Holy moly my inbox. Thank you for the Gold, now I have something more to research. :) I did NOT expect this post to get that many hits overnight! It took me a while to read thru the comments, every one of them to this point, and I'm glad to see so much agreement, discussion, arguments, and even veiled insults to my username. Its all good, I get far worse on a good day IRL. A few more people know about LN, some good explanations were given, that is the kind of thing we're going to need to bootstrap the LN network. The complexity is a problem compared to standard bitcoin transactions and wallets...but you realize just how complex those wallets and transactions are? Maybe not, well-designed software hides all the gorey details. I imagine LN wallets will be the same given more development, all the channel business hidden to anyone using Easy-mode and the refunding of channels handled behind the scenes. + +Probably not the best place to put something like this, in an edit, but oh well. Again, thank you everyone, I'm gonna go do something not-BTC related for a few hours now, have fun! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +Up to 50 per cent of the stamp duty cost on homes valued up to $1 million will be waived. + +No sign of the bubble easing for houses in Vic. + +Given the government will tip $500m into property themselves, I'm sure they won't want their investment to decrease. + +Land transfer duty waiver + +Tax relief on stamp duty for residential property transactions of up to $1 million will also be provided. A waiver of 50% for new residential properties, and 25% for existing residential properties, will be available for purchases of up to $1 million for contracts entered into between the day after announcement and 30 June 2021. + + +https://www.budget.vic.gov.au/place-call-home-victorias-big-housing-build +Hi all, + +This is in follow up of the topic I posted 5 days ago regarding a miscellaneous debt added after voluntarily paying off my HECS - [https://www.reddit.com/r/AusFinance/comments/o5na83/what\_is\_this\_about\_help\_debt\_increases\_after/](https://www.reddit.com/r/AusFinance/comments/o5na83/what_is_this_about_help_debt_increases_after/) + +Sadly, I am still not at the bottom of this. I have been on a call with the ATO for 40 minutes and only beginning to see that the indexation applied was not 0.6% but 1.8%. They seem stumped that I would call about this, but I am leaning on the numbers and truth. + +Strangely after I was put on hold again, the phone call dropped out. So I am now trying to get ahold of them again. + +Annoying that they don't organically call you back in such an event. + +Will keep you updated today + +&#x200B; + +UPDATE: + +The ATO say they are not responsible for indexation and that they cannot 'interact' with indexation charges etc. They told me to contact the universities I studied at. (not sure how I do this, I studied 10+ years ago at multiple universities). Sigh + +&#x200B; + +UPDATE 2: + +Eureka! After another 40 minute back and fourth, armed with the numbers. They gave me a opportunity to make a complaint. I said I would love to make one. Then they told me that the Specialist at the ATO was made aware any Voluntary Payments made between 18th June and 23rd June had 'Incorrect' charges made. + +They then said this would be fixed in time an that the ATO had already fixed it but it would take some time for it roll out into the system. +I believe VGS has around 1500 stocks while VT has nearly 9000. For true diversification across the global, by countries’s market capitalisation is only captured by VT I believe. + +Can someone please throw more light on it? + +I am seeing lots of recommendations of VGS in this sub. +Looking to buy a new place before the end of the year (got a newborn coming). We have a good deposit and the market is in a decent place to buy. + +Do we drop $850-900k on a small townhouse and then sell and upgrade in 8-10 years in our most ideal area? Probably 2br, 1 bath. + +Or otherwise, but a house in our less than ideal area and be able to potentially live in it for 10+ years? Also have more room. 3br, 2 bath. + +My wife is close to primary income earner and will not be earning anything (besides government money) for a full year. So the first year or so will be a struggle. + +But is the market in a good enough place to buy now compared to 8 years from now? + +Looking for thoughts/ advice, ask me any questions and I'll answer them as best I can as well. + +Thanks guys. +Ratings companies have it as hold, not buy. It only has a limited number of clients (120 or so), even if that does include some big ones involved in the US military/intelligence. + +But the big concern for me is that it's business model by the nature of its products seems absolutely ripe for scandal/regulation (especially if it breaks into the EU). + +Does anyone else share these concerns? +Hello everyone! This is my first post on this sub. I have been doing as much research as possible the last 2-3 weeks on stocks, ETF’s, Mutual Funds, and about anything I can read. Like I said I am starting college in January and would like to turn this 10,000$ into a decent bit more after 5-7 years. I would like to pay a decent bit of my student loans off from this investment. I am lucky enough to be great with money and have saved all of this up after starting to save last January. Would appreciate the advice on if I should do stocks. I am leaning a mix of +Nvidia, Amazon, AliBaba, MU, and Microsoft for stocks. I am very technologically inclined so that is why I chose these. For ETF’s there were a few Semi-Conductor stocks such as SOXL, TQQQ, and SPXL that have caught my interest. Any advice for a noob trader? + +EDIT 1: This is receiving much more attention than I thought. Can people please do more than shout stock names. The few who have asked me questions and sent more in depth responses have helped a ton. Obviously this advice can help anyone not just I. Not looking for any sort of get rich stock. Just a smart idea to invest the money to help later with student loans. +We’ve all been newbies at one point and in our community it’s important to share the knowledge. Thats why I am wondering what is your best lifehack in crypto that you would like to share with new people and veterans here alike. + +In a year since Ive been here I found out a lot of stuff that made my life in crypto easier. + +The one I want to emphasize is bookmarking the addresses of the exchange you are using or the defi sites that you use. There are a lot of scam sites nowadays and its very easy to mistype coimbase or bibance or whatever. + +What are your lifehacks that youd like to share? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I've seen a lot of questions and posts here lately about sales as a career path and many seem to recognize that it 1) is hard and 2) has extremely high earning potential. I put together a write-up that I hope is helpful for those of you considering sales: what it is in 2018, how to get in, who it is / isn't suited for etc.! + +**Why Listen to Me About This Topic** + +I work in professional tech sales in the SF Bay area. I’ve done this for 3 years, or 4 depending if you count a less tech-oriented sales job I had in college. Out of school I had a 4-year degree, a tendency toward introversion, and a comfort level talking on the phone that I'd rank as "nervous to order a pizza." + +11 weeks into my career I was the highest-performing entry level rep in my organization and (with help of a MAJOR stroke of circumstantial luck) was promoted to full cycle sales. Since starting in 2015, I've tripled my income and have closed / managed over $6M in revenue. + +**Misconceptions: What Sales Is / Isn't** + +Let's paint a quick picture: you're graduating college, or considering a career change. You love the tech sector, want to live somewhere with a ton of opportunity (i.e. San Francisco, New York, Denver, Austin, Seattle), be in a line of work that's in super high demand, and all the while earn enough of a salary to build a comfortable life for yourself and your current or future family. + +I'm with you, sounds solid. + +But like me, as passionate as you are about innovative tech, you're not the software engineering type. You feel like there's no chance you're going to keep up with the likes of FANG-company coders who love what they do and rake in $400k+ packages in their 30s. + +Maybe you've heard of "sales." Scary word to some. Remember when you went to buy a used car and felt like you were getting hustled at every turn by some fast-talking schmoozer? You've seen Wolf of Wall Street. You've seen Glengarry Glen Ross. You're not that person either. So where else do you fit in the tech company or startup landscape? + +Not so fast. Sales in the modern era is probably not what you expect; if you're a tech hopeful who may have written off software engineering, don't be so quick yet to write off sales as a career track. + +**To Start: 6 Key Reasons Why Tech Sales May Be a Great Choice for the Non-STEM-Inclined** + +1. Demand is High // In June 2018, LinkedIn published a workforce report showing that in several tech-dense areas like the San Francisco Bay Area, professional sales is one of the largest skill gaps -- which is to say that in the Silicon Valley, there are more open positions for sales roles than there are people working in professional tech sales. At least for the time being, it's a *literal* seller's market, particularly in major metros. +2. The Barrier to Entry Isn't That High // The biggest on-paper requirement to get a call back for most entry level sales jobs is a four-year undergraduate degree. Quite often your major, school prestige, and GPA don't matter much, if at all (all of which contrast with software engineering). The degree isn't even always required; I've seen entry-level salespeople interviewed and hired with AA degrees and a few years of retail experience. How you perform on the phone and in interview scenarios will be more determinant of your ability to ultimately be hired. +3. You Can Learn Sales Skills, and They're Useful Elsewhere // As mentioned, when I accepted my first entry-level tech sales job, I was the sort who was nervous to order a pizza over the phone. Cute trait when your job is basically cold calling and cold emailing 40-50 hours a week, right? The great thing about sales today is that success is by no means reserved for the "natural saleswoman" type of individual. Like many things, sales is a learned and developed skill, and great managers, companies, and resources (books, podcasts) can help accelerate that learning. Better yet, sales experience is transferrable, making you better at interviewing, dating, networking, and more. +4. "Sales Skills" Doesn't Mean You're Sleazy and Slick: It Means You're Empathetic and Can Drive Value // When I say "sales is a learned and developed skill," I don't mean you can learn how to manipulate and push someone into making a decision they might've not otherwise made (you *can* learn this, but it's not what I'm talking about here). Modern professional sales is won and lost on the ability to ask great questions, listen closely to the answers, come up with tailored solutions, and reframe the way clients and prospects think about and approach their own business. The best salespeople are not seen by their clients as a pushy nuisance, but as a valuable advisor and consultant. Furthermore, while companies typically only hire a single entry-level marketer or HR coordinator at a time, it is common to hire sales reps in "classes" of 2-8 at a time, meaning you may be applying to a less desirable role (in terms of number of applicants), with more available roles for the taking. +5. Earning Potential is Basically Limitless // Entry level pay -- say, right out of undergraduate schooling -- is likely to be between [about $60-90k a year](https://www.glassdoor.com/Salaries/san-francisco-sales-development-representative-salary-SRCH_IL.0,13_IM759_KO14,46.htm) (total On-Target Earnings) in a tech-dense area. If you perform above quota, it's not unusual to be promoted within 1-2 years and approach [doubling your starting salary](https://www.glassdoor.com/Salaries/san-francisco-account-executive-salary-SRCH_IL.0,13_IM759_KO14,31.htm) within 2-4 years. True star performers who are aggressive about managing their careers may do this in 1-2 years, and cross the $200k mark in 3-5 years. For those pursuing FI/RE, this can be a major boon, and is probably the fastest way to serious money without additional education, sacrificing 80 hours a week on Wall Street, or successful entrepreneurship.Further, sales leadership (VP, SVP / EVP, CRO type levels) and rainmaker-level performers (semi-arbitrarily call this the top 2% of all salespeople in an entire market) have nearly limitless earning potential. I've personally known several sales professionals under 35 years old taking home around $700k a year, and have heard of top reps at major logos earning $1-2MM a year. This is an exception to the rule, but even lesser performers will comfortably find their way into the $150-250k range for much of the length of their careers. +6. Top Performers Are Borderline Recession-Proof // If you're a big-time quota-beater, you are basically recession-proof; whether it's a macro-level economic downturn or a micro-level company layoff cycle, tech companies are valued on their ability to innovate (see: great engineers) and their ability to produce revenue (see: great salespeople).In fact, in a recession, a salesperson who can still produce is even more valuable: check out the oft-referenced book ["The Challenger Sale"](https://www.amazon.com/Challenger-Sale-Control-Customer-Conversation/dp/1591844355) to see a longitudinal-study-turned-popular-sales-methodology revealing how and why some reps make it rain even when it seems like nobody is buying, while others (who may have been successful in better climates) fall to the wayside. Bottom-line here: if you're driven enough to be a way-above-average sales talent, your chances of forever avoiding negative outcomes during recessions and layoffs are particularly high. + +**Who Should Consider a Career in Sales** + +Just like anything else, sales is not for everyone. That being said, as we've mentioned above, it's also not reserved for the naturally charismatic suit-clad Chad driving a leased Mercedes type of person. So who might be suited to sales? + +In my opinion, far and away one of the top qualities (which will eliminate more than half of people from the running altogether) is ***rejection resilience***. It’s said all the time that if you’re going to work in sales, you have to be comfortable with rejection, but this is no joke. I'd guess 50% of sales attrition happens in the first year, and the exodus will be mostly people who get their feelings hurt when told to kick rocks. + +A next top quality is being ***reasonably-to-intensely competitive***. To lack sales drive and have no desire to better yourself, and to not have at least a friendly and healthy desire to beat your friends, is pretty much death knell for a sales career. Of the 50% or so of first-year drop-outs, I'd imagine the under-competitive is the next largest group behind those who handle rejection poorly and take it personally. + +Other good traits: money-motivated, achievement-motivated, goal-oriented, an advice and information seeker, naturally curious and inquisitive, and career-oriented. + +One thing that's valuable to understand about professional sales: it's not a *job*. It’s a *career*. Most professions allow you to comfortably clock in at 9, leave at 5, and not think too much about work once home. At times sales will be that, at times it may even be less than that. Generally speaking, working in sales, you will always feel like you can do more. The list of what else you can do is theoretically almost infinite. Your days are done not when a project is finished or a quota is reached or some checklist or deadline was ticked off. Your days in sales are done when you decide you can live with yourself if you went home now, knowing you did a lot today to set yourself up for future success. You will probably always have your antennas out. Within 2 years, you will be able to say you’ve given out your business card on a train, at a party or social event, in an airport, at a bar, etc. Some days you’ll wake up at 6 am to send emails and you might stay in the office until 8 pm to finish a powerpoint presentation. You might draft emails with your downtime rather than slack off, and you might take a client service call on a Sunday. Every single sales rep I know making over $140k a year has done all of these things at least once before, and from time to time many still do them regularly. You have to be comfortable with that. + +**At the End of the Day, Sales Is About...** + +Many people carry some sort of stigma or image of what “sales” means, and some of it may be rooted in truth or history, but little of it holds up today. In tech companies, salespeople are almost always viewed as and expected to be problem-solvers who take a genuine interest in diagnosing a client problem and providing a customized, tailored solution to fit the need. Ask any professional “buyer” and they can probably tell you the names of some sales reps that they really genuinely like and appreciate for their tenacity, work ethic, personable approach, intellect, expertise and experience, and so forth. Gone are the days of sitting in a boiler room with 30 other young aspirationals all calling curated lists with aggressive, infomercial-style scripts. Short-lived are the deals and relationships where a sales rep lied and “yes-manned” everything just to get the sale, only to leave the buyer in the dust when they realized they’ve been sold a bill of goods. This does exist, but generally speaking their success kicks off fast then peters out hard once all of their prospects and clients see them for the liar they are. Career salespeople make lasting relationships with their clients because they create value. That’s the bottom line here: professional sales in the 21st century is all about driving value. + +HTH. Obviously this is one perspective / one person's experience. I can answer questions, but if you're wondering how pharmaceutical sales works in the midwest I'm in no way at all suited to give you a good answer. + +R + +EDIT: Formatting +Ford hit its highest level in 20 years last week after it announced plans to double the production of its electric F-150 to 150,000 units by 2023. General Motors also saw a stock price boost after it unveiled the electric version of its best selling pick-up truck, the Silverado. + +"They soared on those electric vehicle announcements, think about that, that's ridiculous," Wood said, adding that electric vehicle sales represent only about 2% of traditional automakers' sales, while the rest are driven by gas-powered vehicles. + +"What if the other 98% or so are on their way out as the consumer preference shifts toward electric?" Wood asked. + +"They have problems because their gross margins, depending on the company, are somewhere between 10% and 20%... Well they don't have a lot of room for error," Wood explained. + +"What if we're right and there's not a 20% increase in sales? They'd probably have to start cutting prices if we're right on the used car market...which means they're probably going to be facing credit issues since they're hugely leveraged to the credit that people take out on their autos," Wood said, adding that there's a lot of complacency in that market. + +Wood believes Tesla and electric-forward automakers are a better buy than the traditional automakers, and suggested a company like Ford or General Motors could post a surprise loss next year as they see increased spending to transition towards electric vehicles and less demand for their gas-powered cars. +I've been wondering this with the recent announcement of TSLA 1-to-5 stock split. + +Here's what I understand: + +* Anyone holding TSLA stock end of day 21st is eligible for 1-to-5 split. +* Stock splits on 31st of August +* Clearly this is driving up the stock value as we head into Friday the 21st + +My question is, what happens the entire next week? + +If no new stockholders next week would be eligible for the stock split, does this mean that the stock value will begin dropping come Monday 24-Aug, since people won't be dying to get in before the split anymore? + +Also, how will Tesla/NYSE monitor who had the stock when? What's to stop me from selling my stock on Monday 24th and how will Tesla/NYSE know not to split that stock on the 31st for the owner that owns it all next week? + +**TL;DR: Can someone explain the mechanics of the "stocks will only be split for people owning stock by XYZ date" when the XYZ date and the date of the actual stock-split are a week apart?** +Original interview: [https://youtu.be/wpHGLtohlxM?t=51](https://youtu.be/wpHGLtohlxM?t=51) + +&#x200B; + +Curious to hear what people here think of bitcoin as a sort of hedge to all this recent Fed money printing? +https://www.bloomberg.com/news/articles/2018-12-22/trump-said-to-discuss-firing-fed-s-powell-after-latest-rate-hike?srnd=premium + +> President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate increase and months of stock-market losses, according to four people familiar with the matter. + +> Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the president’s latest bout of anger will dissipate over the holidays, the people said on condition of anonymity. Some of Trump’s advisers have warned him that firing Powell would be a disastrous move. + +> Yet the president has talked privately about firing Powell many times in the past few days, said two of the people. + +> It’s unclear how much legal authority the president has to fire Powell. The Federal Reserve Act says governors may be “removed for cause by the President.” Since the chairman is also a governor, that presumably extends to him or her, but the rules around firing the leader are legally ambiguous, as Peter Conti-Brown of the University of Pennsylvania notes in his book on Fed independence. +Hi guys, inflation is a fact (for me) due to a supply shock all over the world caused by many reasons (ocean freights, rising costs, lack of products) + +So 2022 as i see will be driven by inflation, rising rates from central banks (moderately) + +What are your favourite stocks to play in this scenario (if you share it), or what is your opinion for 2022 ? + +The intention is to think 🤔💭 “how to position now for the 2022 trends?” + +Thanks guys +https://www.reuters.com/article/us-wework-ipo-curbs/wework-curbs-ceos-voting-power-in-bid-to-boost-ipo-prospects-idUSKCN1VY12V + +Key Points from article + +>Loss-making We Company said Neumann’s superior voting shares will decrease to 10 votes per share from 20, it said in a regulatory filing, though he will still retain majority control of the company. + +>Neumann will also give the company any profits he receives from real estate deals he has entered into with We Company. He will also limit his ability to sell shares in the second and third years after the IPO to no more than 10% of his stock. + +>No member of Neumann’s family will be on the company’s board and any successor will be selected by the board, scraping a plan for his wife and co-founder Rebekah Neumann, who is chief brand and impact officer, to help pick the successor. +Good Morning, + +Market conditions are hugely volatile at the moment. Some great opportunities, but carrying some of the highest risk simultaneously. GME, KOSS and AMC made some tremendous moves during the day, with GME/KOSS continuing to soar in pre-market. Here are some of my watchlisted stocks today: + +1. **$JAN (JanOne) -** Highest gapper today with seemingly no catalyst. Looks as though we're in a similar irrational position GME. I don't like trading stocks with no news and so I will watch this one with caution. Right now, I'll be looking for it to cross $32.73 for a push up through $36. Right now though it seems to be trending down towards the VWAP. +2. **$ACY (Aerocentury) -** Other leading gapper today. Looks as though we may have had a short squeeze in the last hour, with it now testing and rebounding the VWAP multiple times. +3. **KOSS and GME -** These are currently both pulling back together and moving in unison. The trouble with stocks like these where they are so irrationally exuberant, people's emotions change from greed to fear at the switch of a candle, which is one of the many reasons we are seeing such quick, sharp movements here. I'll be watching these both on open. + +A lot of brokers are putting restrictions in place (for a good reason too). My broker has restricted margin on GME, and whether you agree with it or not, they're doing it to protect traders from potentially blowing up their accounts and are protecting them from people's inability to meet the obligations of a margin call. + +Other stocks I will be watching: AG, RHE, SNDL, AAL. + +As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. + +Thanks all. + +\-Rep +With Twitter being a perfect example, how can a company go private if there’s still shares they need to buy back? Say for example 1 person buys 98% of the companies shares, but a person who holds 2% doesn’t want to sell or multiple share holders don’t want to sell, how can they be forced to take a buy-out? + +I was looking this question up because I’m currently invested in a stock OXY where Berkshire has bought 21% of the public shares with a goal to buy 50%+ public shares. Anyways the only answer I found is the person or company has to buy majority of public shares and then will make a set-price to buy off the rest. So how can a company go private when they haven’t bought all the shares back or if a shareholder that for example, has 3,000 shares refuses to sell and wants to be a >1% shareholder? How is that legal to force them to sell when technically they own part of the company? +Hey guys, I did some history of stock splits because I was bored on Monday. + +I found out that Amazon split their stocks 3 times between 1998 and 1999 + +1. 2:1 - June 1998 +2. 3:1 - January 1999 +3. 2:1 - September 1999 + +If we trace the true value of Amazon's stock price, it's now around $39,375—If they didn't split their stock until now. Is that correct? +I was about to buy another black work shirt and decided to see if i could just dye the old shirt. + +Turns out you CAN and its AWESOME and way cheaper than buying new stuff and eveything literally looks brand fleeping new. + +SO NEW MY FLEEP HURTS! + +I bought 3 Dylon blackndye packets and used my portable washer to dye the clothes. Left the most faded stuff in there for about 15 hours, turning the agitator on every 3 hours or so. Way, WAY longer than the instructions say because I wanted the darkest possible black. + +And now everything is back to black. Like really dark new-looking black. + +Did 3 jeans/pants, 6 shirts, 2 hoodies, mostly cotton material. Freshly dyed my accidentally bleached out jeans to black from blue, and its impossible to tell they were ever blue now. + +10/10 will dye everything again instead of buying new black workshirts. +Quick story. He's the most responsible person I've ever known. + +The type of person that stays at a job for a very long time. He's every employers dream, he will be there until the company goes out of business. You can always count on him. + +Hes never taken out loans for a car. He saves until he can buy one straight out. He tells me he never wants to deal with the burden of constantly owing money. He even bought his house in full. Seriously. He saved his money for 15 years and held it in an interest bearing account. You don't see many middle class people saving that much since they were 18. He even prepaid for his phone service. If he can't afford it with cash, he just won't buy it. +Makes sense. + +So he never invested into ANYTHING either. One day he asked me some simple things about crypto because he didn't know jack. + +I told him the deal that prices can be very volatile. + +He bought exactly + +- 1 whole bitcoin at $17,000 +- 1 ETH at $900 +- 1 LTC at $150 + +He said something about better to have a complete coin instead of fractions. Said he can't deal with fractions because it complicates things. + +Idk what the fk he meant by that but whatever. He wanted 3 main ones and told me likely if everyone heard about it, people will most likely get those in the future. 😆 + +I guess we all have our own strategy. + +His goal he told me was to cash out exactly $50K while leaving his original investment amount in. + +Less than a month later everything crashed. + +He had no reaction. He told me he expected that eventually but believed it will be back. + +When I told him how many people get scared and sold low he told me in his exact words.. +*That's horrible buying just to sell low a month later, that's a problem, investments take years to mature* + +The way he described it I was almost certain he had stock market experience or something. He didn't at all. But he worked for an insurance company for many years so maybe he picked up something I don't know. + +So that's what he did. The most financially responsible person I know just Held. Well, recently when BTC was 65K. He cashed out exactly $50k distributed evenly from BTC, and ETH. Left the rest in. + +He did this calmly like it was just another day, and now he wants to buy $5000 in moons but says he doesn't have time to figure it out. + +So there you have it. If a financially responsible person says "You have to just Hold". Then that means there's some logic behind that. + +Just hold. You plan to hold for 3 years or 5? Then stick to your original plan. Don't sell low a month later. That's not how long term investments work. + +Note: I believe he had no reaction to everything crashing because of his years of patience saving. You have to be very disciplined as a young adult to have enough for a brand new BMW, and not spend any of it, not even on a nice watch until your final goal is met. +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 3% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1.5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. +I did not write much for a while as I have been buying and selling different alts but luckily I am already just a bit up from before the crash. + +I believe this day we could breakout the 12K resistance and ETH already went 10% up which means in my opinion that we could see an altcoin bull run again; so here my best picks for fast growth recovery coins and long potential growth/hold: + +* FDX 52M: World's 1st Marketplace for Tradable Insurance Policies; tackling a trillion dollar industry. Went down around 60% during the crash. They are very close on getting to a new exchange and are now starting to work on their marketing efforts. short-term potential for 3x + +* PRL 73M: Changing the way of monetizing websites with banner ads and distributing storage. This coin was one of the rising stars before the crash but went totally down 27K to 10K. It has been already trying to break out a few times again but afterwards a quick sell off by people that were taking their losses (people that bought in at 20K btc). Safe choice and I see short-term potential for 2x + +* WISH 13M: A library of smart contracts and marketplace where you can create/take without any programming skills your crypto herritage, wedding, kid savings contract etc. Went from 16K to 6.5K; a full cycle down. Short term potential to 4/5x. + +* OPT 10,5M: The first decentralized music platform, competing with Voise 35M but their team and whitepaper looks more serious. Went from 1500 to 600 now is on HitBTC and only and has fixed orders which made it difficult to break out. Now the market is picking up I believe it can break out again and then it can go really fast. + +* SNOV 41M: first decentralized lead generation platform. Went full cycle down from 2500 to 900 btc. In Q1 they will have their new marketplace launch and have already more than 18K people that downloaded their chrome extension. + +* XBL 1.2M: Decentralized gamble games on the blockchain with token burn deflationary mechanism to keep increasing the value of the coin. This coin went from 11k to 3K and is truly a high risk/ high reward coin, when it takes off then you 10x potential but in the same case it stays at this current level. + +* Wand 7.5M: Smart contract architecture enabling seamless creation and trade of any ERC20 Token or combination of them. This coin has a super low market cap still as it is only on ED but they are close to a new exchange and in March they are launching their pilot marketplace. Then this coin can go towards a 150M cap. + +* MTX 23M: Collaborative Research & Development Engine decentralized platform combined with VR where the coins are used as bounty rewards. This coin is so low because it is at this moment only on ED and what many people don't know is that the circulating supply is 23M/ total supply 34M, while on CMC it still says 300M + +Other coins that I own and definitely worth looking into as well but some already increased very fast but still all low caps and many room to grow: BPT, ARY, AIX, ELT, B2B, GET, BLUE, ATL) + +Feel free to follow me on twitter where I try to post as soon as I invested: @NootFan + +(Always do your own research first and do not follow my suggestions blindly) + +PLEASE PUT YOUR OWN SUGGESTIONS IN A SIMILAR WAY HERE BELOW AND FEEL FREE TO ASK ANY QUESTIONS. +This is one of most appealing projects with grassroots origins claiming to be the 1st stable chain. STAKE is not a stable coin though. xDAI is the stable component. Major 🚀 potential with super low circulating supply, staking (36% on BitMax till August) and public staking opening. 🚀 speed compared to Eth but basically is Eth with Dai money components (my quickest explanation). There is a ton of info online about xDai. Super cool. Early entry under 5m mc with 1.4m circulating - if legit, could me a monster investment... + +website +https://zenon.network/ + +>Trading +https://www.coingecko.com/nl/coins/zenon + +Everything you need to know about ZNN +https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef + +Moonpaper +https://de.catbox.moe/26kuuh.pdf + +Based Bitcointalk announcement +https://bitcointalk.org/index.php?topic=5279643.msg55303681#msg55303681 + +>Syrius Zenon wallet introduction +https://youtu.be/t6A7vKhp-MY + +based anon explanation +What is it: +Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: +This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. +Flashstake is the time travel of money. It allows you to stake your tokens and receive the interest instantly, upfront in 1 transaction, rather than waiting. + +Interest rates are currently around 30-35% and you can receive this in ethereum or dai for example. If you staked $1,000 of flash tokens for 1 year you would instantly receive ~$350 of ethereum, and you would get your Flash tokens all back at the end of the period. You can also unlock early for a fee. + +It was covered recently by The Defiant [here](https://twitter.com/DefiantNews/status/1384234896059551757) + +It was also looked at by Elliotrades [here](https://twitter.com/DecryptedMedia/status/1360705653493411851) + +Cool [video](https://twitter.com/Flashstake/status/1382040927275999234?s=20) of dog flashstaking + +Flashstake has shared a [teaser](https://twitter.com/Flashstake/status/1384914988016545795) of an upcoming competition , and as I've followed their telegram chat and snapshot votes I know it will be a Tesla giveaway. Basically anyone who uses the platform when the competition starts will be eligible, but the more you stake the more entries, and the winner will be drawn openly and transparently using the blockchain. + +Besides this competition, the website is set to be [updated](https://twitter.com/Flashstake/status/1384248605305835533) to a modern design very soon, and the platform will move to Optimism once it's live. + +Key info: + +Website: [Flashstake.io](https://flashstake.io/) + +Coingecko [link](https://www.coingecko.com/en/coins/flashstake) + +Market cap £4.8m +I just watched the **Third Industrial Revolution** on SBS. It came out about a year ago and is pretty much a podcast/book by Jeremy Rifkin. + +I'd highly recommend you to listen/read it but be basically discusses how he is seeing the fundamental shifts in paradigm that constitute what would be considered a 'third industrial revolution'. The first being steam, the second being oil. The simplest way to summarise the third one is that it is the **'network' driven revolution**. + +--- + +Oil economies are on a trajectory of stagnating growth - the debt based economic cycles are bleeding their efficiencies around the world, and even before COVID the problems with the economic systems were being exposed. And then there is the issue of climate change which for what-ever reason, many choose to ignore or downplay, but adds additional pressure to economic institutions. The costs of continuing a fossil-driven economic paradigm are forecasted to become so expensive that it gets harder and harder to justify their worth. + +**The 'Network' revolution** is the hyper digitisation of everything. A digitised and networked communication system (replacing the phone which was replaced by traditional media for example). A digitised and networked transport logistics system with smart and autonomous vehicles (replacing the steam engine which was replaced by vehicles). And a digitised and networked energy system with decentralised hyper efficient renewable generation and storage and grid interconnectivity. + +With these components, he articulates how the world may be able to transition to a more efficient economy. With better efficiencies and lower costs to market with everything from toys to electricity, economies become more circular and collaborative. With business models suggested to transition from delivering goods and services to delivering expertise, solutions and humanity. For example an electricity company changing its model from centralised power, to acting as a platform for sharing and balancing power for any micro generator on the system. + +--- + +These kinds of paradigm shifts take time to occur, and they often happen regardless of government agendas - but have you ever thought of adjusting your own investment strategies as a result of 'futurology' or changes to the status-quo? Much of the finance world bases its forecasts and idealogy of what will happen based on historical performance - with 200 years of financial data showing that productivity normally picks up after a downturn and interest rates start climbing again etc, it's maybe worthwhile entertaining the idea that those models may not predict future performance. Do you factor in anything like this into your financial journey? + + +---- + +**TLDR; First came the steam industrial revolution, we're currently in the oil/fossil fuel revolution. But economies around the world are indicating efficiencies are diminishing and costs are climbing with these models. Enter a concept of the 'network' revolution - which can enable the next phase of human and economic productivity. It's a compelling idea - and one which appears to being adopted by more and more individuals, corporations and governments around the world. Are you factoring these ideas into your financial plans? Or do you trust more than 200 years of historical financial models to guide the economic narrative and forcasts going forward?** +So basically I am looking at spending $10,000 on solar (bought a new home, $10,000 rebate as part of NSW's new home grant - I realise I could put it/some into other places like EFT's, Holidays etc but I try to budget for these and am thinking I want to use this windfall wisely.) + +&#x200B; + +I've had a bit of a look around and have learnt a few things, like micro-inverters are better than string-inverters. However, there seems to be a lot of noise clouding the other decisions. + +&#x200B; + +First Question - Do I need to spend $10,000? - I realise I can do a $5,000 system, or other amounts, but am happy to spend the lot if there's a benefit. If I'm just wasting a portion and there's no point than of course I don't want to spend it. (My annual Kw/Day usage for the last two years has been around 18kw/day. Currently have 0 kids but am planning on a family soon) + +&#x200B; + +Second Question - Low/Medium/High quality. Happy to buy best quality if it's worth it, I like the idea of set & forget. But don't like spending money on a brand name for the sake of it. + +&#x200B; + +Third Question - System options, as far as I can see my options are: + +a. $10,000 on Solar and Battery option (Both me and my partner work 9-5 so leaning towards a battery, but with kids expected that will probably change) + +b. $10,000 on pure Solar + +c. $5,000 on Solar now and hold onto $5,000 for a battery once battery technology improves a bit + +d. Are there any other reasonable options to consider (solar hot water systems?) + +&#x200B; + +Any other insight is also welcome :) +This is an article on 8btc, the site founded by Jihan Wu before Bitmain. He posted a link to it on his Weibo account: + +http://m.weibo.cn/status/4087387070126247 + +Without translating the entire article, it frames the hard fork conflict purely as a battle for transaction fees, and claims miners will never allow 2nd layer protocols to undermine their revenue stream. It barely mentions block size: + +http://8btc.com/forum.php?mod=viewthread&tid=49137&extra=page%3D1 + +**分叉双方的利益冲突和根本矛盾** +**Explaining the conflicting views of each party to the hard fork** + +> 如果第二层协议实现，许多比特币交易就可以通过第二层网络，而不经过矿工。矿工也就收不到这部分的交易费了。矿工群体当然对这种变化感到不快活。 + +"If 2nd layer protocols become a reality, many bitcoin transactions will go through 2nd layer networks and not via miners. Miners won't receive transaction fees for them. The mining community obviously feel unhappy about this." + +> 这个阻止变化发生的东西，就是延展性漏洞。这个BUG无意间成了开发者研发新功能的最大绊脚石。不移除这个BUG，开发者的第二层协议就难以着手。而修复这个BUG，也就是实施隔离见证之类方案，却必须获得矿工群体的支持。 + +The malleability loophole is what's preventing change from happening. This bug inadvertently became the main obstacle preventing developers from creating new functions. Without removing this bug, 2nd layer protocols are difficult to implement. And to fix this bug, that is to implement segregated witness or other similar proposals, the support of the mining community is required. + +> 维护自己的利益是人之常情。而且许多第二层协议，LN之类的拥护者，为了争取用户的支持，夸大吹嘘LN的性能和优点，对于缺点和局限性却很少提及。这也进一步加剧了矿工的恐惧。 + +It's only natural to defend one's interests. And supporters of 2nd layer protocols, so as to gain the confidence of users, have exaggerated the performance and features of LN and omitted to mention its weaknesses and limitations. This has further increased fears among miners. + +> 要解决问题，就要脚踏实地的谈利益。在利益瓜分中求得妥协。矿工不要想着掐死开发者研制新功能的路子，研发者也要在新功能的方式方法，推进进度上维护矿工的利益。只有如此比特币才能够实现土大木的终极目标。 + +To solve the problem, we need to get serious and talk interests. In dividing up according to interests we can reach compromise. Miners must not venture to consider throttling the way in which new features are developed. Researchers working on new features must consider protecting the interests of miners. This is the only way Bitcoin can achieve its ultimate goals. + +--- + +It's not clear to what degree he endorses the content, but: + +- It seems like an offer from Jihan Wu to find a compromise; +- It seems like Jihan Wu sees the hard fork as primarily a battle for transaction fees between Bitmain and Lightning Network; +- It seems like support of Bitcoin Unlimited is viewed as a way to block the development of 2nd layer protocols. + +Edit: translation improved, thanks u/snruxxns + +Edit: u/beijingbitcoins can't post here but since he's been in touch with Jihan and can speak on the subject, I thought it'd be worth sending on his reply when asked about the translation: + +> I know that Jihan really likes Lightning Network (not even as an idea only, but actively follows it), but I also don't think he's interested in finding compromise with Core at this point. Core needs to compromise with the rest of the Bitcoin community, we've all moved on and it's not fair to let Core hold everything back and demand a "compromise" that involves all take and no give from Core. + +u/beijingbitcoins is in touch with Jihan on a regular basis and thought he wouldn't mind if I shared these positive things he said about Lightning Network in their chats: + +> LN我们也支持的 + +We supported LN too + +> 我们很喜欢LN那个团队 + +We really like the team at LN + +> 而且我们是真心支持他们等 + +And also we sincerely support them. +Often I see people either taking analyst recommendations seriously, or saying that Wallstreet analysts are a bunch of idiots. Neither is true. The important thing to understand here is that it’s actually not their job to help retail investors (you) make money. Here’s how Wallstreet actually works: + +Most research analysts work for banks. You probably know that these analysts get paid very good salaries. But research in and of itself doesn’t generate revenue. So how is their existence justified? + +Let’s first talk about how banks actually make money. Banks generate revenue via corporate activities – these include both equity and debt financing deals – when a company sells new stock to investors, Wallstreet takes a clip. They also take a clip when a company issues new debt. It is true that investors pay Wallstreet some commissions to trade stock and to consume research, but those are dwarfed by fees for facilitating debt and equity issuance. Wallstreet also makes big fees when companies buy one another, so called mergers and acquisitions. + +So as a bank, you want to do everything you can to get a company to choose you when they are selling additional securities. How do they do this? Well one good way is to write flattering research about the company. A research analyst at an investment bank is not supposed to make recommendations that help investors make money, the research analyst is supposed to make recommendations that maintain good relations with the company, so that their ECM, DCM and M&A teams can get deals that make the bank money. + +If we take an example – some people have asked me why do research analysts keep upgrading Tesla’s stock price target as the share price goes up? No, it’s not because they are stupid. No, it’s not because they can’t see that Tesla is more expensive than all the other US automakers combined. Yes, they can see that the stock price went up while Tesla stopped making cars. BUT Tesla is a company that requires a lot of money (maybe even more now due to their production delays)! And that means both equity issuance and debt issuance. The ECM and DCM bankers are sitting there salivating at the fees that they can make as long as Elon picks them as the lead bookrunner. And these are the guys that get paid the big bucks on Wallstreet – they go and have a word with the manager of the guy that writes about Tesla, a much lesser earner, and make it clear that they need their firm to stand out as the most bullish on the street, so that Elon chooses them for his next raise. Consequently all of Wallstreet falls over each other to keep upgrading in the hopes of getting into the company’s good graces. It’s twisted, but this is just how Wallstreet works. + +This is also why there are no upgrades for boring cheap and profitable companies. They don’t need Wallstreet, so Wallstreet doesn’t talk about them. On the other hand, if you are a money burning software company that pays their employees in stocks? No problem, no profits required – you will get upgrades. Research analysts are required to tie themselves into knots to justify any stock price, lest their delicious bonus will look an awful lot less delicious. + +The same goes for companies that like to make acquisitions – cash rich guys with a bit of an empire building streak – here Wallstreet wants to pander to them to make money on the acquisition streak – think Allergan before it blew up. Also companies that are in areas where a lot of M&A activity is going on – guys that may be purchased by said acquirers – Wallstreet wants to pump these up to make a bigger fee when they get taken out! + +Of course, the issue with buying into this is that it can blow up at any moment. Wallstreet can’t manipulate the whole market. Wallstreet also doesn’t care if Tesla goes to $300 and all the “suckers” (as they call them) who bought based on their recommendations lose money. Once Wallstreet can’t make money out of a company, they don’t care about it anymore. They will still be laughing all the way to the bank. + +**TL;DR: Wallstreet analysts are a bunch of self-interested cheerleaders. Don’t expect them to produce any actual research based on facts. Just like you, they want to make money.** +Lol....I know. XRB is new and climbing, with a long way to go. I feel so upset that my funds didn't get deposited in time for me to snatch 5,000 of them at a dollar each. I'm now anxiously searching for the next one, the diamond in the rough. Just like all of you are. Shill me, what's reddit gonna be all about in 2 weeks? + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +There is a very noticeable trend for the last few years, the market starts a bull trend leading up to a peak between March 10-15 and then falls to a bottom on March 18 every year. + + +*Date of Market Peak/Price/Volume and Date of Market Low/Price/Volume* + +2015 - March 10/4.786b/86.5m and **March 18**/4.069b/55.41m -15% correction + +2016 - March 13/8.605b/110.65m and **March 18**/7.8b/162m - 9% correction + +2017 - March 15/26.7b/836.9m and **March 18**/21.347b/1.098b - 20% correction + +It is evident that the duration of time between the height of the market to the bottom is decreasing year after year - 8 days to 5 to 3. The market is becoming faster in its ups and downs, which should come to no suprise for anyone. + +The primary question is, + +**What is happening on March 18th to cause this trend three years in a row?** + +---------------------------------------- +For those of you wondering if it could be the Chinese New Year, these dates do not coincide with the above trend. The above trend is clearly seperate: + +Chinese New Year + +2015 - 2/19-3/6 + +2016 - 2/8-2/23 + +2017 - 1/28-2/12 + +2018 - 2/16-3/3 + + +Edit: People have jumped to the conclusion that I am using past information to judge future movements. + +I am not suggesting anyone uses this information to make a trading decision this year. I am only curious why it happened in **previous** years + +However, I am asking one simple question and showing how I arrived to that question. I would like to know if anyone knows why this occurred in the past. The question is as simple as that. + + +This whole SBF fiasco is EXACTLY why we need to start pushing for DeFi more than ever before. + +Its to the point where some of the owners and CEOs of these centralized exchanges act like they’re “leaders” in the space and speaking on the behalf of the community which is far from reality. + +This is the exact vibe that I got from SBF’s tweets a couple weeks ago about regulating the DeFi space in order to “boost security” and “attract new users” + +Its funny because security on centralized exchanges has been compromised many times. And then there’s the fact that people joined crypto to ESCAPE from centralized authorities. + +The only reason that these CEXs are attractive to new users is because they’re much easier to operate when compared to DeFi. Plus they’re also much cheaper when it comes to gas. + +This is exactly why we need to start pushing the DeFi narrative more aggressively than ever before. + +We already have ways to make DeFi easier to learn and cheaper to operate so why don’t we take advantage of that? + +Polygon for example is famous for the extremely low gas fees and very fast prover times. We can easily take advantage of that and the fact that they l launched their Wallet Suit which boosted user experience in a better way. They made it in a way that blends right away with the current software and OS in popular usage so that bridging and swapping becomes easier for new comers. + +These are all things that were not feasible for us when we started out in the space but are now readily available. + +I think it would be a shame if we put these new features in DeFi to use instead of letting these centralized exchanges take over a space that was initially created to be unregulated and far from centralized authorities. +So after short trading for about 4 months starting with $100 I am now up to .5 of a Bitcoin!!! I am excited that someday soon I will hit my goal of a whole btc! +About 12 years ago, when I first moved out of my parents place, I was *strapped* for cash, every fifty cent decision could be a hundred dollars in late and overdraft fees later on, so I decided to keep a close eye on my running bank balance. My bank offers a service where theyll email you every day if your balance is below a certain threshold, so I set the threshold at $10k believing in my heart that I'd never have more than that at once so it would functionally mean seeing my bank balance first thing every AM for the rest of my life. Today, because of a combination of diligent saving and a bit of good fortune, my balance is up over $10k and I didnt get an email about it, for the first time in 12 years. This despite my partner losing their job to the covid, despite my having to buy a new car, despite all the challenges and setbacks in front of me. I feel stable now, like I can handle anything. It feels good to see a book on sale for $5 and just buy it if I want it. It feels *really* good to put my bills on autopay because I'm comfortable that the money will be there when they come due. It feels amazing to be able to take big chunks out of my existing debt, and once I keep this up for a bit longer it's going to feel like I conquered the world when I put a down payment on a house. I cant wait. +edit 22 jan 2019: +unbelievable impact map of issues related to HUD and the shutdown. +https://nlihc.org/issues/budget/shutdown-map?fbclid=IwAR0CemEt0jC8yAOIpf5bCpvgayIktWArUJgAFkjrxEyXaSDQi0pgT1RwQRs + +edit 22 jan 2019 to add NY times article +https://www.nytimes.com/2019/01/21/us/politics/government-shutdown-housing-services.html + + +Edited 18 Jan. 2019 to add: + +[PDF factsheet put out the 15th of Jan by The Campaign for Housing and Community Development Funding (CHCDF)](https://nlihc.org/sites/default/files/FY19_Shutdown_Factsheet.pdf) + +Uses words like *"dire consequences"* to describe what will happen if HUD remains unfunded. + +I found that PDF [here; 2-1-1](http://211.org/services/govshutdown) is a number anyone can call from anywhere to be directed to resources in their area. + +end edit. + +&#x200B; + +Section 8 and FHA and Public and Indian Housing all will be affected. + +[Chapa touches on this subject.](https://www.chapa.org/housing-news/federal-government-shutdown-reaches-day-18-and-over-1000-section-8-contracts-expire) + +[This is a PDF of the "contingency plan".](https://www.hud.gov/sites/documents/HUDCONTINGENCYPLANFINAL.PDF) + +Edit: dear lort I forgot to say: + +During the shutdown. ((sorry)) +And I am seriously asking, I’m a 2020 baby, not that expert, I really want to know what stops it, is it the market cap? Is it totally posible or is it delusional, what I wonder tho is Can it pump a la SOLANA? + +Now with smart contracts ADA will have a real use and let’s be honest Cardano has one of if not the best teams in any crypto project if not the best, yes I used to make memes of ADA for not being useful for shit, *but* is this a BIG opportunity? + +Im really asking for educational purposes please don’t shit on me, I’m sorry if this post is stupid hahahahaha, love you guys and thanks in advance for educating me. + +Also I hope you get that bag! +Hey Ape fam… This is my first post since my Satori approval, and I had a conversation this morning that I thought I’d share with you all. + +Firstly, about a week ago I made a comment on a post that was flagged by another Ape to have the mods verify what I was saying. u/Bradduck_Flyntmoore was awesome, and he & I worked together to verify that what I had posted was true. Anyways, I mention the above to clarify I’m just an Ape who likes the stonk, and I’m only interested in the facts. + +Ok, so, to the point of my post. I had a production meeting today with my writing partner, and he knows I’m an Ape, and I love GME. He asked how the morning was going, and I gave him an overview of one of the DD’s I had just read. He had a couple questions, and I basically went over the broad strokes; hedgies r fuk, there’s no way for them to close their position without crashing the market. Ya know, smooth brain facts. + +He immediately asked, does that mean the housing market too? (He and his wife just entered the market to buy a house). I’m a smooth-brain-lurker, and said I don’t have a lot of data on that, but from what I have read, yes, that means the housing market too. He was like, is this 2008 bad? My response, maybe worse? + +This brought us to the interesting part. My partner said “I’m gonna ask my brother.” On my life, his brother, legit owns a hedge fund. Not a massive one, but nevertheless a hedge fund. Now before u call bullshit, please consider it would be easier for me not to share this and save myself the potential destruction from the Knights of the New (BTW, y’all are doing a great job keep up the good work). Anyways, I was like dude don’t tell him anything about GME or what I just told you. My partner agreed, and sent his brother a text asking if he was “aware of a market crash that was coming worse than 2008, & should he buy a house right now?” + +His brother’s reply was simple; Yes, it is coming. Do not buy a house right now. + +I hesitated to share this because of other lame posts saying “I spoke with my friend who works at a hedge fund” etc. With that in mind, I then decided this was worth sharing with the sub, because of my respect and appreciation for the countless hours all the wrinkle brain Apes that post the amazing DD that keeps our tits jacket without end. + +When we look at the data in our DD as it pertains to GME specifically - the facts speak for themselves. And the only logical conclusion one can make is - hedgies are fuk - apes go to moon. + +But when someone that runs a hedge fund warns his little brother not to buy a house, while simultaneously confirming an impending market crash, and thus, our our perspective without even discussing GME… My tit-jackedness enters into an entirely new realm of jackedness. + +The bottom line… We are right. We’ve always been right, and I’ll see ya on the moon. + +BUY. HODL. +Post by u/throwawaycabage (too little Karma to post) + +As a director it is my job to read into things too much. By this I mean it is important what music is used. And it is important what are in the background of every single shot. Now I'm pretty sure Keith hasn't done these tweets alone. I don't know whether he edited them himself or not also. But he had definitely taking advice from someone like myself. Over the past few weeks he has been tweeting daily. Sometimes many times a day. + + But what seems to be in common with every single tweet. Is that it doesn't always correlate to the current price. It also seems as if sometimes he doesn't want us to rely on him. And that it is important that we make our own decisions. As previously mentioned, The Breakfast Club tweet is one of the most important tweets. The music. The context its all important. These people are high. (the price?) the music is saying we're not alone in this. +And you can see gme logos everywhere. + +My original thesis was that the number of tweets was counting down to something. With less tweets every day. Then i thought. He may be counting up? Thursday 7. Friday 8 and today. You guessed it. 9. This was what i needed to wait for earlier. To see if i was right. What is he counting up to? I have no idea. + +Now it's time to get to tin foil hat territory. At least one tweet a day has GME logos or numbers in them. Again, i thought a countdown. Nope. Count up? Also no. But what's most interesting to me is the tweets from YouTube videos. People watch his tweet but rarely do people click the link. See what the source content is and read the description. + +His tweets today all followed a basic theme. Issue/hide. Every single one of them. Today's theme was hedgies. They're so fucked at this point that all they can do is dig them selves deeper and hide until the cat gets out of the box. Over the next few days i expect his tweets to be more and more revealing. Who can forget the 20th CF tweet right? Clear reference to the date? + +I am just a human. Humans make mistakes. Please inform me if i made any mistakes. I always strive to improve. +Dear Mt. Gox Customers and Bitcoiners, + +The reaction since yesterday’s statement regarding the temporary suspension of U.S. dollar withdrawals has had mixed reactions, and raised more than a few questions about why we had to take this step right now. Rather than be subject to inaccurate speculation we’d like to clarify some points here. Due to pending matters we are unable to get into everything in great detail, though we’d certainly love to and are looking forward to the opportunity. + +1) The problem with the U.S. withdrawals (and even other currencies for that matter) is that our bank can no longer handle the volume of withdrawals. They struggled in the last two months, and the increase due to the Dwolla separation has made it increasingly more difficult. The pressure we brought onto the bank’s resources finally gave in, and we are now working with them to find an alternative method (hence the suspension). We would have preferred to give notice if we were able to, but it was sudden for us as well. + +2) We are now working with new banks and alternative methods for transmitting money to our customers. This does not mean we are stopping entirely within the next two weeks, but it will be slower than we would like. We are literally going to use our manpower to process withdrawals ourselves, manually. This will take more time, but we are dedicated to doing as many per day as possible. We announced a suspension in order to manage expectations while we deliver at a temporary reduced rate. Our goal is to have a new system set up in the next weeks with clarity for both the banks and for our customers.  + +3) Our previous release was rather vague, but for a reason. Mainly, we don't want to upset our bank! They do great work, but our kind of business is completely new to the banking industry. Processing international wires does not just involve pushing a button. It requires real manpower processing everything individually, even in this modern computer age. While Bitcoin's power lies in its ability to transfer fast and securely through software, the rest of the financial world does not operate like that (contrary to popular opinion). Money is surprisingly analog in many ways, and scarily digital in others.   + +4) Every customer’s funds are safe, sound, and accounted for. In fact, in our dealings with the Japanese financial regulators we have been assured that we are not under local pressure or suspicion and can operate as usual within normal legal frameworks. + +5) Mt. Gox is certainly not a martyr, but it would be hard to argue that we aren’t "taking one for the team" as far as Bitcoin is concerned. We are a big target, and are absorbing the frustrations of Bitcoiners, regulators, banks, and a media that still doesn't quite understand what Bitcoin is. This is a job we are happy to fill, and not just because we are compensated for it. Our hope is that, once Bitcoin finds its place, we will be able to say that we made a difference in sorting it all out in the early days. New exchanges, business models, merchants, traders, and consumers  are rising up to innovate and create a whole new way of doing business. A lot of lawyers are getting new cars in the meantime too. + +6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means a continued delay, but for good reasons. We’re looking at July right now, though that depends on a few things. Mainly, we want to do things correctly from the beginning. + +7) The new trading engine is finished, is smokin’ fast, and is currently undergoing bench tests. We’re looking forward to deploying it very soon. + +While not the most in-depth update we'd like to give, we hope that it has at least clarified a few things. In the next few weeks we are planning to do another AMA on Reddit when we’ll hopefully be able to answer many more questions and also shed some light on what’s been going on at Mt. Gox these past months. Thank you for your patience and support. +So.. i made 3 offers on a house with the final one being the asking price. £95k. + +I would of liked to think that it’d be accepted, but now the estate agent is telling me that he wants an 8K deposit that’ll come off of the sale price. Not everyone has 8k in their back-pocket, and i’m still waiting for my house to complete. Its STC, estimated completion end of September. + +Alongside that, the estate agent also stated that the vendor would accept my offer (asking price) and leave it on the table, but wouldn’t take it off the market until i have the full money to purchase it. + +IMO this is a really big dick move. What if i wanted to get my solicitor to carry out checks and get the ball rolling... and half way through legalities the vendor pulls out or says they’ve got another offer. That means all my conveyancing fees have been wasted for nothing. + +Would really appreciate some advice on how i could tackle this// what i can do? + +Thanks. +I sincerely hope this is going to turn out to be a hypothetical question but here goes... + +When you insure your car they ask where it's kept overnight, which is in my case "on the drive." Except for the next couple of weeks, because I'm having some work done on the house and the scaffolders have had to put a pole in the middle of the drive. + +The work will be done in a couple of days but the scaffolding will be up for a while longer so my car will be spending the next week or two parked on the road. This is a safe, quiet area and it's an old car that's not worth much so I'm not too worried but I'm curious about what might happen. + +My question is: if the car is damaged or stolen when parked by the roadside very close to my house, when I've told my insurers that it lives on the drive overnight but have a good reason why it isn't at the moment, are they likely to pay out or kick up a fuss? Will I regret it if I call them? I tend to be risk-averse but I also don't want to be charged a big admin fee for nothing. + +I'm especially interested in real-life experiences. + +Edited to add: I wouldn't be worried at all if it was parked on the road by an airport or a holiday cottage but for some reason I have a worry about it being by the roadside very near my house. Have I seen that in terms and conditions somewhere? +I know this is subjective but I'd love some advice on what I can and should expect regards to salary. I am 26f from Canada. + +Facts about me that would sway this: +- Looking at mid-level roles in larger tech companies +- 3 years working experience in tech but more junior roles. +- Certified Associate Project Management (step 1 of the PMP certification) +- Skilled in SQL (although looking to move away from technical, but have technical abilities) +- Graduate degree in management from a large canadian university + +So far in talks with recruiters/company they have quoted me anywhere from 36,000 GBP - 45,000 GBP base salaries with varying bonuses. + +Is this reasonable to live in central london (I would like minimal commute times) and to also have enough to save money every month? I am okay with living with roommates but would like to still have a decent place to live. + +Should I negotiate more? Is that common for UK? They seem to be very up front about salaries so not sure what the norm is. + +Sorry if this isn't the right sub! +Title pretty much sums it up; I'm not sure what to do now. +I have a good £2000 worth of debts and its going to spiral very quickly now and I cant afford for that to happen. I have no money because ive just lost my job. Ive already been homeless once last year and im dangerously close to it happening again because of my rent arrears. Ive battled self harm and depression and suicide for the last 2 years because of this and at this moment in time i just hate my life and i do just want to kill myself right now. Even if i did get a job (which im finding very difficult because of my criminal record) all my wages would just go onto my massive overdraft and debt so i still wont have any money anyway. Ive had to sell the car, which, again, hasnt made much headway because of the debts i have, so i still have an overdraft and no money and now no car. +I'm really not sure what to do now. I feel so lost. +My GF’s cousin is asking to wire us money so we can send it back to her so she can apply for a home loan with said money. She is not giving us much information about where this money is coming from at all. We are assuming it’s from her SO’s family, but she is claiming that since they are not married yet, she cannot accept a wire transfer. Going based off this, I’m not sure why we can accept the transfer instead then. She mentioned having to send us the money and then we “gift” it back to her so she can consider that as income for the loan. + +I’m not comfortable doing this at all, but we want to help her cousin out if possible. Is there any possible repercussions from helping with this, like being taxed on the money or a possible legal issue if the money was obtained illegally? + +Edit: Surprised this blew up so much! Thank you for all the responses! It provided us with some good insight. We have decided not to help her out with this, but unfortunately her brother has.. +Disclaimer/Warning – I made my money in the tech industry with a higher than average wage. I know this is not fair and this triggers some people, please move on if you are not interested in on progress of a high wage-earner executing FIRE. + +**Recap** + +Last year, I made [this post](https://www.reddit.com/r/financialindependence/comments/hx6jj1/today_is_the_day_with_thoughts_numbers_and_graphs/) when I left traditional employment (I’m not a fan of really calling it retirement at this point). I’m not going to rehash my process up to leaving traditional employment, but to summarize – I took me 10 years of work to reach 500k net worth (NW). Then in the next 6 years I was able to grow to a NW of 2.5M, reaching my targeted 3.3% withdrawal rate to give me 87k (pre-tax) annually to live off of. + +**The Overall Numbers - One year later** + +I stopped contributing to my my NW through employment, started post-employment withdrawals, and saw the largest year-over-year increase to my NW... over 1M. Huh. + +A graph of my NW over the last 5 years can be seen [here](https://imgur.com/a/6PmhbbG). The red doted line is the point of where I left employment. Clearly this last year has gone better than I had dreamed, and it came a key time, the first year has the largest impact on the future health of the savings. I wasn’t sure how to represent withdrawals on the graph, but they are draining from the bottom category first (private contributions, leading it to go below the zero line). + +There is also a new category of net worth on the graph, housing. Up to this point in my journey, I had not bought a house. I hadn’t necessarily decided I was going to do so after FIRE’ing, but, growing rental prices had me concerned that at the current trajectory, my current MCoL city would price me out, and I would have to move after several years. I also had growing concerns of inflation (which now seems to be justified). Locking in my monthly housing costs, the largest portion of my budget, seemed like a smart move. You may notice that my NW had a higher housing portion in Q1 2021 than Q2. Given my lack of transitional income, I had taken a greater starting cash position of the house, before settling on an 80% financed position, in order to get an optimal mortgage rate. + +I’m keeping my allocations largely the same as I outlined in my first post. I still have 2.5 years of living costs in cash/bonds as part of my “modified bond tent” plan. I’m still keeping 10% into speculative investments, and my picks for the last year have worked well (yes, it’s hard for that not to be the case in the current market). + +**Withdrawals** + +I totally blew past my annual budget of 87k, withdrawing 117k. I sold off a large position of TSLA and had a larger tax bill that accounts for the difference. TSLA grew to a value where I viewed it as overvalued, and I wanted to lock in my gains. A larger than expected tax bill is not something I had originally budgeted or foretasted in my models. But I’m going to basically view a larger tax bill combined with a much larger than expected return for a year as “just fine”. + +At this point, I’m not adjusting my budget based on better-than-expected 1st year. So with 2% inflation I have a budget of 89k for this next year. + +**Life** + +I never really had a point of it “hitting me”, I just slowly grew accustomed to not working my traditional job. I don’t miss 90% of the job, but I do miss some of the people I worked with. Overall, I’m much happier than I was a year ago, and far less stressed. + +Mid-COVID crisis was a less than ideal time to move from my HCoL to my new MCoL city. I’ve moved several times in my life, and this has been by far the most challenging time I’ve had trying to establish a new set of friends. But as things are finally recovering, so are the social possibilities. I hope to greatly improve this over the next year. + +I’m a driven individual, so I wasn’t able to just quit working and just play games, watch movies, and travel. After a few months off after quitting, I quickly ended up spending about 40 hours a week on a mobile app. It’s a niche app that I find fun/challenging to build, and likely won’t substantially make an impact on my finances (that is not the point). Its pulled in an extra 10k of income, which amounts to $6 an hour, hah. I’m using the extra money as a “budget bonus” to fund house projects. + +As mentioned, I bought a house. It was largely a fixer upper, but hey, I have the time. For the last ½ year I’ve been doing about 20 hours a week fixing up the house. I don’t have a ton of experience in this type if thing, but now is a great time to learn, there are countless YouTube tutorials that have helped guide me. + +I’m also now in the best shape of my life. Roughly 4 times a week I take a morning or afternoon and climb, hike, bike or do whatever fun outdoor activity that is both fun and great for maintaining a healthy life. + +**Wrap-up** + +Once again, I’m not really sure what I’m looking to get out of this post. Mostly I guess it’s a good exercise that forces me to reflect on the last year. Hopefully it’s interesting or of value to someone on this subreddit. I'll answer some questions below, and do an update in another year. +I thought this piece was very interesting: + +https://www.bls.gov/cex/2016/combined/age.pdf + +It came from one of those click-bait articles about how much a set amount of money will last in retirement based on income needed for lifestyle upkeep. And we all know here that it's not about how much your income is, it's how much you spend. + +How do you compare? I'm only $4k beneath the average for my age group (I have some work to do!) +This is an open discussion to see what the Reddit investing community thinks about this situation. At a current market cap somewhere between $20B-$30B would you still consider SpaceX a solid investment today? + +Clearly if I ask myself the basic question 'would I buy this much SpaceX stock if I had the cash instead of stock in-hand', the answer is no. Still, since this was just part of my compensation package it still doesn't feel very real to me l so I'm happy to let it ride for the next decade or so. Wonder how foolish or inspired that statement will ACTUALLY seem 10 years from now :) + +--- +Edit: Thanks guys it was educational to hear such a chorus telling me to diversify. It's very easy to get caught up in the group think of those around you that the only rational decision is to hold. Appreciated most of your insights. + +For the record, I am contributing 18k/year to a 401k and $5.5k/year to backdoor Roth so I'm diversifying where I can! +When retirement planning or just choosing between different investment opportunities we all have to make some assumptions about what the long-term broad market outlook is. With a difference of 2% growth rates over the next 20 years there can be massive differences in the end value of your investment. + + +The historical CAGR (with dividends) of the S&P500 over the last X years (ending Dec 31 2020) is as follows: + +100 Years: 10.46% + +90: 9.92% + +80: 11.23% + +70: 11.54% + +60: 10.27% + +50: 10.76% + +40: 12.01% + +30: 10.24% + +20: 6.59% + +10: 13.99% + +Source: http://www.moneychimp.com/features/market_cagr.htm + + +Knowing this, what do you assume the broad market will have for an annualized growth rate over the next 20 years or so? I'm thinking along the lines of the total S&P500 return, VTSAX, or similar. Why? + + +I realize nobody can truly know what to expect, but I'm asking what assumption you would make based on historical norms, future outlook, macroeconomic factors, etc. + + +Personally, I assume a conservative rate of return of 7%. I do this for several reasons. First, I would rather underestimate how much I will have in 20 years and be pleasantly surprised when the return is more. Second, I think macroeconomic headwinds are coming compared to the previous decades that will result in slower overall growth. +Someone came to my door today and said he was helping his son set up a newspaper route and asked me to get a subscription. I told him I'm not interested and that, as a struggling student, I don't want to pay for one anyway. He said he just wants to help his kid secure the paper route and that he'd pay for it, so he asked if he could just give me $10 that I'd give to his kid this weekend. Trying to be a nice guy, I agree, but then he said he needs a voided check to set up the subscription. I write void across the front of a check and give it to him, but after he left I started to think it was a little odd. + +Is there any way a voided check can be used against me? Can someone access secure banking info with it? He also obviously knows my address and name. Any help or advice would be appreciated, thanks. +As a teacher, I'm part of the [teacher's pension scheme](https://www.teacherspensions.co.uk/), on a career average. For each year I pay in, I get 1/57 of my salary added to the final pension. I can, however, elect to pay extra for 1/55, 1/50, or 1/45 of my salary added to the pension. + +I have seen that the general recommendation is to put half your age as a percentage of salary towards retirement (e.g., 12.5% for a 25 year-old). My contributions are currently less than what this would be for me, but I can't work out if it's worth me paying the extra. It seems like for what I'd get, I'd need to be retired for 15+ years for it to be worth more than what I paid in. Does that sound right, or am I missing something? Is it always best to pay as much as you can afford into a pension? + +&#x200B; + +EDIT: First time posting and I can't believe how quick and helpful all of the replies were! +Hi everyone, + +In the last six months everything has changed for me. I started reading about finances, investing, found this sub etc - and that changed everything. The way I spent, the way I thought. the way I experienced the world! + +Part of that journey, led me to buying a new build flat with my partner which we move into next month. It was a bit pricey (in London), but has enough size so that we can remain there as we start a family fairly soon. + +We're furnishing it from scratch and I'm sort of torn. Whilst I know I shouldn't splurge on expensive furniture, I've had a life of crappy ikea furniture and want some nice stuff. But after a trip to look at the cost of a new sofa... I was absolutely gobsmacked. + +Obviously buying everything new isn't smart, but what are all the tips, hints, tricks to getting good quality furniture that will last without shelling out all our savings? + +I'm going on a DIY course next month to learn basics (as I know nothing) - what are some of the other things I can do to ready myself? + +Also, out of interest, those of you that did splurge on nice stuff - did you regret it years later? Is it the same process as buying a shiny new gadget, that looses its charm super quickly? + +Thanks in advance. + + +Is it really as cynical as upper managers or corporate partners giving themselves raises to compensate for the taxes, thus affecting their hiring practices (costing jobs)? + +And how does rolling back the Bush tax cuts on the top 2% affect businesses taxes? +As an outside observer who is uneducated on the matter, a monetary system based on gold or silver (or whatever) seems to make a lot of sense and a fiat system seems like it does nothing but screw people. However, I can't help but notice that most first world countries all seem to be using fiat currency, which I guess means there must be some real advantage. + +Can anyone give me the basics of what that advantage is? +I'm left here scratching my head- We are facing increased interest rates with no end in sight, FED quantitative tightening, inflationary pressure on consumer products, higher commodity costs, a war in Europe that has no end in sight, the highest inventory levels at retailers seen in several decades, crypto 'winter,' and so forth and so on, yet, the market just. keeps. going. up. + +Is it, maybe, that there just isn't anywhere else to park cash right now and given that inflation is running rampant and holding it in a bank would essentially erode it's value, investors rather just put it in the stock market? I can't help but feel like this is all going to end badly. I don't believe that everything is priced it- this market comes across as nonsensical and irrational, which is quite disconcerting. + +What are your thoughts? +The members of Tiger 21 – a peer network of ultra-high net worth entrepreneurs and investors – are putting most of their money to work in the stock market for the first time. + +Tiger 21 consists of 1,200 members with a cumulative $140 billion in assets, and individuals must have at least $20 million in liquid assets to qualify for membership. + +Its founder and chairman, Michael Sonnenfeldt, told CNBC on Thursday that although real estate had historically been the most popular destination for members’ money, they were now seeing some “real bargains” in the stock markets. + +This has, in part, pushed public equities to the No. 1 spot for Tiger 21 for the first time since the network’s inception. + +Sonnenfeldt said members are not focused on stock picking for the most part, so much of the equity investment is channeled into ETFs (exchange-traded funds) and index trackers, while technology has been among the most popular sectors. Public equities now constitute 27% of the membership’s overall asset allocation. + +“You have a lot of the FAANGs that have come in from much higher prices — they are thinking there is a lot of benefit there, and obviously one of the big areas is energy, not only on the oil and gas side, but much bigger growing interest in renewables and how to play the solar opportunities, the wind opportunities,” Sonnenfeldt told CNBC’s “Street Signs Europe.” + +“They know this is the biggest investment theme perhaps in human history, and it is getting a lot of their attention.” + +After a dismal first half of the year on the back of soaring inflation, tightening monetary policy and recession fears, stock markets have staged a relief rally in recent weeks, and received a further boost Wednesday after U.S. inflation was shown to have cooled in July on the back of a fall in oil prices. + +Many investors have increased their cash holdings to weather a likely recession. Sonnenfeldt said the cash allocation of Tiger 21 members has historically held solid at an unusually high 12%. + +This is because they are primarily “wealth preservers” who have sold businesses and live on roughly 2% of their net worth, and therefore use cash reserves to shore up around five years of living expenses, he said. + +In the short term, Tiger 21 noted that members are using their ample cash to look for deals and inflation hedges. + +“But they also want resources to pounce on an opportunity and they have been seeing them in increasing numbers, so their cash actually just ticked down from 12% to 11%. It may sound like a small amount, but it probably suggests that members are quite bullish over the long term,” Sonnenfeldt said. + +“They have recession fears — a majority of our members think that we are going into recession — and still between real estate, public equity and private equity, it is a 76% allocation, so that is pretty confident in the long term.” +We all know Coinbase but not all of us had heard of Coinbase Venture. It is an investment arm of Coinbase to invest in early-stage cryptocurrency and blockchain startups. You can check the portfolio at Messari website. + +Their portfolio contains 18 coins as of now: + +* Bitcoin (BTC) and Ethereum (ETH) +* Larger market cap ($5B plus): LUNA, MATIC, NEAR, UNI +* Average market cap ($1B plus): GRT, FLOW, AR, CELO +* Small market cap (less than $1B): AUDIO, RLY, UMA, KEEP, RSR, DODO, RARI + +Okay, enough introduction. Let's see how these coins perform in the last 1 year, from Jan 2021 to date. + +# 1. Overall performance - ROI 1168%; 15/18 up; 3/18 down + +[Coinbase Venture' portfolio](https://preview.redd.it/axvjaey6c4g81.png?width=925&format=png&auto=webp&s=6508771f2076b077e3585e1bbb7ee17cec4cddc5) + +Even when the market is still down right now, the return is 1,168%. This is a great return compared to various asset classes. + +[Comparison to other asset classes](https://preview.redd.it/ujjxpreqc4g81.png?width=463&format=png&auto=webp&s=48e6e9b5fb65cd81cdd5efe5c04db7c1b7abe52a) + +Except oil, which has a relatively fine return of 93%, the rest isn't that impressive. And Mr Pete, I'm looking at you. Gold price actually decreased by 7% in the last year. + +# 2. The top gainers and which are the threes that make losses? + +The top 5 gainers in this portfolio is MATIC, LUNA, AR, NEAR and AUDIO. The most impressive ones are MATIC and LUNA which had returned over 8000%. + +[Top gainers and 3 losers](https://preview.redd.it/brsh46l4d4g81.png?width=447&format=png&auto=webp&s=7e28276133d7844c27b79c70affee776b0088009) + +The losses are actually not that huge, however. It's quite normal for small cap coins to lose over 90% value in a market downturn. I'd say COMP will go back up pretty quickly once the market improves. + +# 3. Show me the sectors - which market niches do CV invested in and how do they perform + +Now I sort the portfolio based on the sector. You could see BTC stands as a category, even though it's labelled as "Currencies" as it is the OG cryptocurrency, but nowadays it's more like a store value of money. BTC is also the staple in the many institutional investor's holdings. + +[By sector](https://preview.redd.it/0foje1azd4g81.png?width=825&format=png&auto=webp&s=84ecbae33684c4167b940c6ff5cb13786ebe4f99) + +CV invested quite heavily in smart contract platforms, which features ETH, LUNA, NEAR, FLOW and CELO. I'd also argue that MATIC is closely related, though it's not a L1, but with the high gas fees of Ethereum, MATIC as the front runner of scalability will be needed for a foreseeable future. All of this category did well, most notably LUNA and MATIC. NEAR also has a good run lately, though it's not often mentioned in this sub. + +I'm quite surprised that CV didn't invest in ATOM and DOT, the two front runners of interoperability. However, they did invest in a small cap on this, which is KEEP Network. So far it has doubled in value but probably needs more time to prove its worth. + +DeFi is a little disappointed at the moment, but many has predicted DeFi will see its rise in 2022. CV invested in only 1 lending defi which is COMP. + +Other niche markets had been seeing mix results: + +* Asset management (RSR): down at the moment, but this is also quite new. +* Content distribution: AUDIO - which has returns quite nicely as it's the front runner in music streaming. +* Data management (The Graph): doing ok at the moment. It might have the time with Web3. +* Exchanges (UNI and DODO): UNI has its time in 2021 like most others, DODO has been in trouble with the hack last year. +* File storage (AR): recently has partnered with Solana. AR is up over 1400% in the last year. +* Tokenization (RLY and RARI): above average returns. Social tokens RLY and RARI is for buy/sell NFTs. + +**How's your portfolio doing? Are you happy with your choice of coins? Are you planning to buy or sell anything new? Let me know in the comment.** + +**\*EDIT\*** + +I just do another deep dive into the list. Messari list doesn't list all the coins that Coinbase Venture had invested in. + +[Here is another updated version from Coinbase Venture website](https://preview.redd.it/is9lcabjr5g81.png?width=838&format=png&auto=webp&s=576bf2479bae2ad14f36fd1dd2a145b99fd250e8) + +CV seems to focus more on the new trend now. One focus I could find is that now they stress on the important of NFT utility phase - so think beyond a picture of a rock that is sold for $1.3M + +[Info from Coinbase blog](https://preview.redd.it/jwawkprtr5g81.png?width=833&format=png&auto=webp&s=afa00b8546378b047dfaddf2996313c646bd7195) + +For platform and developer tools, the focus is now shifted to Web3, with the tool kits that help the developers to make things happen. Also they pay attention to API such as Alchemy. + +[Info from Coinbase blog](https://preview.redd.it/nhx2c898s5g81.png?width=880&format=png&auto=webp&s=34195984e01d7fb927dc502569da11d537575c56) + +For more info please visit the Coinbase Ventures website. They have a full list of investments. When I have time I can actually look further into which coins do they invested in. + +**\*\*EDIT 2\*\*** + +I could actually find another list of coins that Coinbase Venture had invested in. There are currently 38 coins (under **Coinbase Ventures Portfolio Screener**). + +[Coinbase Venture 38 coins - Portfolio Screener](https://preview.redd.it/g7k72evpq6g81.png?width=1919&format=png&auto=webp&s=8d942a57050fc809ddbd745cc84e1e47a01fed72) + +This list doesn't contain BTC or ETH but we all know they own a truckload of BTC and ETH already. Some other interesting picks: + +* Metaverse / Gaming - SAND - arguably one of the better games in the Metaverse now (stand out against a sea of garbage games) +* Smart contracts - MINA, CTK +* Shared compute - LPT: which is kind of similar to THETA, focus on video infrastructure. It did have a pump in Nov 2021 (note not all alts have pumped crazily in Nov 2021) +* Derivatives - SNX for Defi application. +I'm a complete beginner when it comes to investing and I was wondering if there is a good podcast that covers the fundamentals. I see there are a bunch out there but I'm looking for something with structured episodes geared towards teaching someone that is new to this. I'd love to just plug in some headphones and learn a few things while working my day job. +I was pulled over today for a tail light being burned out. I was wearing my trezor around my neck, and the police officer asked what it was for, and i explained what is was for. he wasnt going for the explanation i gave him. And was telling me it was a voice recorder and was going to be taken in for evidence. I know Texas law and police interaction is allowed to be recorded if i remember correctly. + +Monday I have to call my attorney to get my trezor back, i have my seed, but dont have a replacement trezor at the moment. +We all know that physical bills are printed serially with corresponding numbers. And most of us (general public - you people certainly do) know that the vast majority of money exists electronically nowadays. + +So: how are electronic deposits and transfers tracked? Theoretically, one could serially number serially issued electronic units, right? Do we? If not, wouldn't this cut down on laundering and make the financial system more transparent? How, in fact, is electronic money encoded? And why have we settled on the present system as opposed to potential alternatives? + +Any banking software guys, or bankers in the know, in da house? + +We all know that physical bills are printed serially with corresponding numbers. And most of us (general public - you people certainly do) know that the vast majority of money exists electronically nowadays. + +So: how are electronic deposits and transfers tracked? Theoretically, one could serially number serially issued electronic units, right? Do we? If not, wouldn't this cut down on laundering and make the financial system more transparent? How, in fact, is electronic money encoded? And why have we settled on the present system as opposed to potential alternatives? + +Any banking software guys, or bankers in the know, in da house? + +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +Can someone explain which would be better for retirement, factoring in inflation etc. + +Right now my job has a state pension plan where you can retire at 99% of your salary but no 401k, I'm curious which would be better in 30+ years for now. + +I've heard pensions are good the first couple of years, but inflation can really drive them down the longer you collect them. + +How secure state do pensions look, vs your own funds? + +If any additional info is needed, just ask away. +We all know the big guys like BBG, WSJ, FT, MarketWatch, but what's a lesser known blog/website that you like to read? + +Here is my contribution: +http://vixandmore.blogspot.com/ +Can someone explain which would be better for retirement, factoring in inflation etc. + +Right now my job has a state pension plan where you can retire at 99% of your salary but no 401k, I'm curious which would be better in 30+ years for now. + +I've heard pensions are good the first couple of years, but inflation can really drive them down the longer you collect them. + +How secure state do pensions look, vs your own funds? + +If any additional info is needed, just ask away. +My grandma passed away last month and left me 40k worth of inheritance (TIL inheritance under 5million isn't taxed). I have student loans of about 35k with 6.758 interest. I will be going to medical school this coming year so loan payments would defer but interest would not. I should just pay it off and start med school with a clean slate right? Are there better options? + +Edit: Is there any chance I will get audited or contacted by the IRS for randomly having that much money? What's a safe guard? +An outsider here, I’m genuinely curious as to the main reasons people day trade. + +My perspective is one of a buy and hold investor, and day trading has perplexed me for a while now. I have tried and failed at it in the past, and from what I can tell it is one of the most difficult ways possible to make consistent money. This is because of a few reasons: + +1. Only the absolute best of the best make consistent, long term (5+ years), above market returns after fees and taxes. Think about how many hedge funds actually make consistent above market returns, the list is about 5 firms out of hundreds or even thousands throughout the years. And yes there are advantages that come with lower amounts of capital that sole-traders manage, but you’re still talking about probably the most competitive industry in the world. + +2. Even if you can consistently beat the market and get insane returns (let’s say 20%), you would still need large amounts of capital (at least a few hundred thousand dollars) to make a decent living, which would mean you probably have good earning potential anyway which allowed you to get that capital in the first place. If this is the case, why switch to a more difficult and risky profession? + +3. You need to constantly find new ways to beat the market. Great, you found a replicable way to get good returns, and that was probably extremely difficult/time consuming, or you get really lucky. Now do it again, and again, and again. It doesn’t take long for the market to catch up and become more efficient, rendering your old methods useless. This is something Jim Simons (co-founder of Renaissance Technologies), probably the most successful hedge fund manager of all time, has said he stresses about all the time. + +So with that said, it seems to me going into day trading for the money is for most people a terrible decision. So why do you day trade? Is it for the enjoyment of it? To challenge yourself? + +I should also say, I’m not trying to shit on day trading, I’m all for people doing whatever they want and if you can make it as a day trader, you can probably make ridiculous amounts of money by becoming a money manager or working for hedge funds in some capacity. I also know from experience, when it’s going well, it is unlike anything else I’ve ever experienced. So much excitement, so much fun, and you feel like a king. Maybe that’s part of the issue though, getting your emotions involved even in the successes. +So i pay all my bills weekly, whether the item be weekly, monthly, quarterly, 6 monthly or yearly, so i know at the bare minimum i need to make $670 a week, and i make about $750 to $850 a week. + +&#x200B; + +I am in a sales job, so 7 day roster ( i know sell more earn more which im always working on) but i feel i need about an extra $200 in savings, $300 towards paying off extra debt, so $500 a week. + +&#x200B; + +I dont want to just pay bills... i have been doing that for a number of years, the job i am in i love and always working on sales to earn more, so should i get a second job, look at doing something online in the spare time ? +Hi All, + +As most of the people on this page is already aware, jobkeeper has ended for childcare educators starting today, and my partner is one of them. + +Given the current stages in Vic, the childcare she works at this moment have roughly 5 to 10 children per day (pre-Covid there would be 35 to 45 per day). As a result, her hours has drastically cut back from working 7-9 hours per day down 4 to 5 hours. + +Based on her roster, she will most likely end up working 20 hours per week which means her fortnightly taking will be either similar or less then current jobseeker payment. + +The owner wants to ensure all staff gets similar hours to minimize financial impact for everyone but they themselves are struggling. This is one industry that the gov shouldn't have been removed from job-keeper. I suggested to my partner to stay at home and apply for the jobseeker but she refused as she cares about the children she works with. + +Anyone who's in the same industry, what are your thoughts around then ending of jobkeeper payment? And how it have affected your center? +Hi all! + +So I've been driving beaters and shit boxes for the last 3-4 years (2-3 different cars due to travelling/living in WA, NSW and NZ) that have cost <$3,500 each. I'm currently driving a 2009 i30 that's getting close to 300,000kms. I've just never wanted to get involved with car loans especially since I was travelling so it was always easier to just buy an old car that has seen more owners than I own t-shirts, in cash. + I love the feeling of not giving a damn when I scratch the car etc. + +But, I've had enough. I want something more comfortable. Something that has bluetooth, is comfortable to drive and relatively new so I don't need to worry too much. + +I make $120k a year (about $85k - $90k after tax) (self employed and get paid in USD, so it does fluctuate a bit), have never had any loans or a credit card, have $20k in savings and can easily save 70% of my income (I've only recently started making $120k, before it was lower). I'm pretty frugal in general. I'm 26 y/o, de facto. Living in a rental unit paying $420 p/w. We split the rent with my partner, but the car would be paid by me. + +I'm thinking of getting a second hand 2018-2020 i30 (under 60,000kms) for $19k - $23k. I would pay 20% down and get the loan for 4 years max and would potentially pay it off earlier. I wouldn't put more/less than 20% down as I will need some of the cash soon for a new business venture. + +Before you start saying that it's a bad idea and car loan is stupid, I get it. But I'm willing to pay that extra $$$$ over 4 years in interest to have a newer car. + +But as I said, I've never had a loan before. I will probably go through Commbank as I've been their customer for 5 years and they're good. + +My main question is, should I go for fixed vs variable interest rate car loan? And also, what kind of interest rate should I expect? And I'm also open to feedback on my idea in general. + +Thank you! Also, wanted to say that I came to Australia from my country (Eastern EU) 5 years ago. I used to make $1k AUD per month ($250 p/w) back home, and life in Australia has been a blessing. It has opened up so many doors. I can support my family back home which is amazing. You guys are really lucky to be born into such great society! + +UPDATE: we’ve decided that we’ll sell the current car for $5k (we’ve got a buyer), and then buy secondhand for $10k max for now. Just something with less kms on it so it has some resale value. Then after 6 months I’ll just buy the $20k car outright. Thanks everyone for your advice! Had no idea interests rates were so bad right now! +My now best friend got me on the hype train. I thought GME going to the moon was four digits. After a casual meet up he whispered “it could be millions”. + +He was the first ape I ever met. I scoffed. He didn’t budge at all, just told me to do some research whenever I have a spare minute. + +And holy fucking shit. I’ve been all over this subreddit. I’ve cheered. I’ve grieved. I’ve jacked my tits. I’ve smoothbrained. Dude I even developed a little wrinkle. + +All I can think about is being able to call my buddy and whenever it is that moass happens and just screaming and cheering at our shared journey. + +Cheers superstonk. I fucking love you guys. +Stop wasting time trying to figuere out what's driving the market and whats priced in. + +You can't possibly know. You don't have the infromation required, and even if you did you wouldn't know how to intergrate it. + +Go make yourself useful and focus on things you can actualy predict with some real validity. +I've made an attempt to streamline these updates to keep things more relevant to where they are being posted. To see the previous month [https://www.reddit.com/r/leanfire/comments/eik3l5/life\_after\_fire\_december\_update/](https://www.reddit.com/r/leanfire/comments/eik3l5/life_after_fire_december_update/) + +to see this month's real estate specific post [https://www.reddit.com/r/RentalInvesting/comments/exefp1/january\_rental\_business\_numbers/](https://www.reddit.com/r/RentalInvesting/comments/exefp1/january_rental_business_numbers/) + +I officially retired somewhere between 2011 and 2013. The time is not specific because I fazed out my previous business and was still handling my real estate management myself...so if you count from the time I hired a full time property manager and was completely finished will all previous businesses it would be later date. If your definition is more lenient, then it would be the earlier date. + +Okay, now for the numbers. + +My net real estate income from existing rentals for the month was $9,243 . (The low number this month is because I had to repair 4 AC units that were damaged in a lightening strike... in addition to the usual minor repairs and property management expenses) If you are interested in the full details of the business numbers, please see the real estate specific update from the link above.. + +Estimated real estate portfolio value $1.35M This is an increase of $30K over last month. + +Total Acquisition Costs of real estate (including initial renovations) $418,000 + +My total investments/cash outside of real estate totaled $266,096 This is a combination of stock, Fundrise, money market, and cash. This is an increase of $1,549 over last month. + +My personal spending was $800 (everything not business related)...details can be seen at my post on [r/Frugal](https://www.reddit.com/r/Frugal/) + + [https://www.reddit.com/r/Frugal/comments/exf7m7/january\_spending\_breakdown\_how\_i\_live\_on\_800\_per/](https://www.reddit.com/r/Frugal/comments/exf7m7/january_spending_breakdown_how_i_live_on_800_per/) + +As always, feel free to ask any questions! + +For those interested in my yearly numbers of income and spending, I made about $125K net in 2019 from the rentals (haven't finished taxes, so this is an estimate), my investments outside of the rental business made about $50K (all of that was reinvested) and my personal spending was about $10K. +I'm just starting out and I don't have much money, but because someone else mentioned that it seemed like only millionaire software engineers made posts here, I figured I'd pitch in my two cents. + +* I'm starting my saving journey with about $8k in a savings account and $6k in a Roth. Had more in the savings but then I had to buy a car. :( +* As a ballet dancer, I have a slightly volatile salary. It averages about $30k a year. +* I have no investments besides the Roth yet, but an account with Vanguard (or something of the sort) is my next step after paying off my car loan of $8k. +* Not counting car insurance and incidentals, my budget for my apartment and CC bill is $1300 a month. + +So, this is not a success story yet... but I hope to look back on this post in a year or two and see some progress made. As a student of economics and an avid penny-pincher, I have confidence that I can make this work for me despite the low numbers I currently have! + +If you have any advice, insights, or questions for me I'm all ears! +So I come to the UK with the last of my money which I've changed abroad to £ because it was a better investment. + +Have been in the UK for about a month now; go to NatWest to open up an account so I can get paid at work, everything seems good. I deposit 500quid in the account and I'm told I'll receive my card in less than a week. Great. + +2 days later I get a text saying the bank decided to close down my account and isn't providing a reason. I go to the bank, in person and they tell me -they lack the authority to tell me what's going on bc its due to a different section. I have to send a letter thru the mail and wait a week for a response, then come back. + +I go back with the stupid letter. They tell me, all they can do is offer their most sincere apologies. _that shit don't pay the bills tho..._ + +I can't take my money out bc I'm not authorized. I have to send another letter and wait another week. I come back another week later "You can't request to have the money in cash. You need a to transfer it to a different account" and this might take up to a month... + +Good thing I opened another account with MetroBank when shit hit the fan initially. It was a painless experience that took 40min and they gave me my card and ran a background check that stated I have good enough credit to not have any issues. Hallelujah. + +Now I'm waiting here another month for NatWest to give ME, MY OWN MONEY BACK SO I CAN PAY THE FUCKING RENT! + +In all honesty, fuck you NatWest and whoever arbitrarily decided to close down my account and hold my own money hostage. I'm putting my money in your hands so you can keep it safe, not withhold it from me. Adding insult to injury, the card from NatWest came in the mail a couple days after they closed the account, together with a letter congratulating me for my new account. Really tho... Fuck you. + +Even the lady at the branch told me to make a complaint and ask for compensation... this is the sort of disgustingly irresponsible and depraved reason why I stopped living in a 3rd world country in the first place. + +If anyone has any advice or knowledge on what's going on, I'd greatly appreciate it. And sorry for the rant, I just got off a 12hour shift with a 1hour commute and I'm livid. +So my son's 6th birthday was this weekend. This last year has been a little rough as my wife took a lesser paying job to focus on getting her teacher's license and I haven't been able to work as long of hours to take care of my son. But one thing i got into was to throw extra money into some crypto every week. + +I diversified my portfolio as much as possible, made a ton of rookie mistakes. (Chasing that green!, Doge!) But thanks to some luck, a bull market, and minor help from this sub I was able to make a nice little gain for us. + +So i looked at what i put in and said you know what? Lets do something great, I took him and five of his friends to a bounce gym and to a arcade where everyone was able to grab a prize. All in total i spent about 800 dollars on the day. + +I realize that 800 is not a ton, but it is more than we would have been willing to do because of our fairly structured budget. So im happy for this bull market and i can't wait for the bear, because my low contributions will stretch further. And maybe just maybe as we get a longer time in the market greater things will come. + +I just want anyone reading this to enjoy your journey and use your gains as necessary. My son enjoyed his day and even though we probably could've done less and he'd still be happy i am pleased he got something out of the deal. + +Edit: Thanks to everyone for the birthday wishes from my son. + +Edit 2: wow. I went ro sleep and woke up to my phone lit up. Thanks to those who gave compliments, but i can guarantee that im no great parent. Don't buy anymore reddit awards! Im just doing the best i can. + +Also i told my son, and and while he can't quite read yet he knows Happy Birthday and when i showed him the comments. He was super excited because he now thinks the whole internet is wishing him happy birthday. Thanks everyone. +I have 240 shares of GME with Merrill but when I go to the voting section for annual meeting, it only shows 18 shares. Anyone else seen this with their broker? I have been owning these well before the record date earlier this month, so that cannot be the reason. + +&#x200B; + +https://preview.redd.it/6fjfjzuopiw81.png?width=1496&format=png&auto=webp&s=3cd4813e28dbcc8cbafad7dacc38a6ed86cdc682 + +&#x200B; +I've been looking at NOK for a while, and as a new investor I've been looking at trying my hand at options. + +I wouldn't mind holding stock and it's relatively cheap. + +Would you consider this worth my time before I invest more on research? + +Thanks and happy sunday +I just wanted to thank some of the people of this subreddit. + +I'm currently 21 and live at home with parents and earn roughly £1400 after tax. + +I lost a big portion of my money gambling with my parents being unaware and they questioned how much money was in my account to which I lied and gave them a set figure. + +They didn't believe me and I was desperate for money to be in my account so I stumbled upon this subreddit and asked about same day loans and if I was eligible for one since i've never taken credit before or been in debt so I don't know how that works. + +The subreddit convinced me not to go down that path so I came clean with my parents and told them about my gambling problem. +Things are going to be tough now that I lost the trust of people close to me and my parents have taken my debit card and will monitor my outgoings from now. + +So, live and learn and time to move on. +So recently the gov of Canada enforced emergency powers and is telling banks to freeze assets of people involved in the convoy. The banks of course will comply and can freeze assets without any court order. Im not sure if its the people donating as well or if its donations over a certain sum but the point stands. The gov has the power to take your money as they see fit without any warning, and it wont be just the evil Russian/China governments doing so but the friendly Canadian one as well. + +They are also trying to prevent crypto transactions. They can tell exchanges operating in Canada to freeze peoples accounts and of course the exchanges will have to comply just like the banks. + +This is why you never keep your money on the exchange, because tomorrow the gov could decide to freeze your money. + +Also a good reason to buy privacy coins like monero, although its going through a hiccup right now. But thats a different topic + +Not your keys not your coin + +Also Im not for/against the protestors. Thats a political debate, Im pointing out the fact that the gov can just freeze peoples assets as they deem necessary. Maybe WW3 breaks out with Russia and the gov needs money to fund the military so they say 10% from everyone's account will be taken or whatever. Keep your coins safe. +In less than 12 hours the Chinese markets open. For those unaware, they have been closed the last 2 days for holiday in China. Looks like approximately 9:30 am over there is the open, which puts us at about 9:30 pm EST. + +That's when the Evergarde shit will hit the fan. Multiple things could go down: + +1.) CCP announces a bailout for them. Unlikely currently, but NOBODY wants a repeat of 2008. + +2.) MASSIVE crypto pump today. Like all the big ones (ETH, BTC, etc) see gains of 4-5% or more. This could be indicative of a coming dump on Wednesday/Thursday. Beware of seeing pumps close to 9pm tonight (EST). + +2a.) ...But also, the dumpage yesterday could mean a massive rebuy of crypto that could be hiding assets of those that invested in Evergarde. It *could* be a good thing if we see prices in the green today. However, that boils down to money laundering, so if that IS the case, expect a response from the Fed on US soil in a week or 2 clamouring for regulations if this is the case. + +3.) The markets will be dumping hard. Stocks, bonds, and crypto to liquidate. It most definitely affects global markets just like the 08 crash did (though not as large). Expect to see drops on futures, and throughout Wednesday and Thursday. Friday might see some corrections from this. + +4.) Crypto is going to be liquidated first. Honest truth and a hard truth. It's intangible digital money. And even will all the evidence of "practical us", it can't be used for shit and smart economics says ditch it first. Think of how much you buy with actual cryptocurrency (not crypto you converted to cash) and realize this is mostly true.You get your cash assets out of it to bail yourself out of their junk bonds and bad margins. After that, liquidate stocks as well. Same shit. + +5.) There could be an impending downturn for major crypto. BTC sub $35k, ETH sub $2200. This shit scares everyone. + +6.) Maybe this is all wrong and the crash part happened yesterday and now it's green dildos for the rest of September. + +TL; DR: September still sucks for crypto. But I think we will bull run in October when this shit settles the fuck down. +in May of 2014, I quit my corporate job. [Original Post Here](https://www.reddit.com/r/financialindependence/comments/20tyof/self_indulgent_gift_of_time_or_midlife_crisis/) + +I planned to take one year off work for some mid-life soul searching. + +Well..... it's been over a year and I have no plans to return to the corporate world. The past year and a half has been filled with travelling, retreats, introspective soul work, passion, and purpose. Yup, I even fell in love with an amazing woman ! + +It's not all easy-peasy though. I'm dirt poor, but still manage to travel every month. + +I have my house, and renters are paying the mortgage/taxes/utilities and also giving me $200/month in my pocket. I have my own separate apartment in the basement. + +My savings account has not depreciated anywhere near the rate I expected it to. I've only gone through about 10% of my allocated funds I expected to spend during the 1 year sabbatical. + +I am working though. I do yard work/house maintenance 2 days a week, 4 hours a day, at 15 bucks an hour under the table for an 88 year old (very rewarding, awesome conversations!!) My total monthly income is $680. My personal monthly bills average $250. I have $430 a month to spend on myself. I usually spend less. I do not count any income from my investments. + +My lifestyle has drastically changed. I no longer eat out at restaurants. I seldom eat meat, drink alcohol or spend any money on "things". I attend many events and most of them are free. + +I acknowledge this current lifestyle is unsustainable for the long term, and I have not added to my retirement fund at all, but I can no longer see myself going back to corporate work. + +I'm looking at alternative working situations and have never been happier. + +Am I Financially Independent? Yes, I consider myself mostly so. I do not have a corporate boss asking for my TPS reports. Instead, I'm learning gardening from a nice guy who gets just as much joy from me as I do working for him. Heck, he's become a friend. Do I have enough to retire completely? Probably not. I suspect I'll have about 500k in retirement funds/home value in 15 years. + + +EDIT: I pay taxes on my rental income and any gig that gives me a 1099. I do not claim any "Day Laborer" gig. + +SECOND EDIT: Thanks for the support! I know my path isn't ideal for everyone, just be aware that there are many paths to choose. Your path works great for you. I'll post another update in another year or so. + + + + +Evening all, + +I am well on my way to fatfire from a financial standpoint but still own and operate a business that takes up probably 60 hours a week of my time and will for the foreseeable future. + +The business is demanding but I at least know how to delegate/hire what I can there. What I am having trouble with is the time I spend managing things in my personal life that I feel I can’t effectively delegate or get help with. My wife and I are happily married w two daughters 3yo and 10 months. She does a great job taking care of the kids but would like to go back to work part time because she enjoys her job in medicine + +We live in a relatively low cost of living area in the northeast and because of that we’re not surrounded by others in our situation and from what I can tell there’s not a network here of nannies, drivers, assistants etc like there are in some areas of the country + +So anyways I am curious on peoples thoughts or experiences buying time back with a helper or someone who can quarterback a bunch of things in your personal life? + +Literally things like keeping up car registrations, paying bills that aren’t on auto pay, managing landscaper, shopping for clothes, researching vacations, coordinating childcare just anything and everything that can take up that additional 5-10 hours a week that I’d rather spend enjoying my family + +Thanks for the help!! +I've not donated much, and when I have, it's been very small sums of money. + +I'm also familiar with huge ($10M+) donations that can lead to names on buildings and the like. + +It's the middle ground that makes me curious. Can you typically gain influence or status within an organization for donations in the thousands of dollars? Examples: + +\- Behind the scenes access / "meet the cast" for theatre, musicals, etc. + +\- Invitations to retreats or parties where it's mostly staff / execs / talent, plus top donors + +If you can get these sorts of benefits, what is the lower threshold of donations where one starts to gain access? +I've not donated much, and when I have, it's been very small sums of money. + +I'm also familiar with huge ($10M+) donations that can lead to names on buildings and the like. + +It's the middle ground that makes me curious. Can you typically gain influence or status within an organization for donations in the thousands of dollars? Examples: + +\- Behind the scenes access / "meet the cast" for theatre, musicals, etc. + +\- Invitations to retreats or parties where it's mostly staff / execs / talent, plus top donors + +If you can get these sorts of benefits, what is the lower threshold of donations where one starts to gain access? +I have been pondering about this for a while. + +Once you are already well in the process of FatFIRE, you would already have multiple revenue streams. + +When looking at bull vs bear market [timeline](https://www.brightscope.com/financial-planning/advice/article/27993/Bull-And-Bear-Markets-A-History/), bear market don’t last very long: +- 2 years. + +So, why not invest aggressively all the time if you have multiple ways of surviving the bear markets? + +What do you guys think? +US appreciated asset holders: + +With the Biden tax platform proposing bumping the capital gains tax rate to match the income rate for high earners, I’m imagining a scenario where this is the last year ever to be able to pay 20% capital gains. Yes, I realize this change may be hard to get through the senate, but some version of it seems fairly realistic to me. And once enacted, I could see this never going back to the low rate we have today. + +I’m sure many of you are sitting on considerable capital gains, given the 12 year bull market run. Has anyone considered moving to a zero-income state now, locking in the 6 month residency requirement, and liquidating appreciated positions at a ‘mere’ 20% tax rate? + +Sounds a bit extreme, I know, but the alternative may be a 30%+ difference in taxes paid should one do this in a future year. So on 1M of capital gains, that 300k. 10M, it’s 3M saved, etc. + +Finally, the ‘step up’ in tax basis upon death is also under attack, with both Biden and Trump (proxy for the republican / populist opinion) in favor of repealing. So for those planning on holding until the grave, even that escape route may close in the future. +Hi - Longtime reader, occasional poster, always on a burner... 44M, $9M net worth, married w one kid (8yo), U.S. resident. FI, not RE. + +The past year or so of border closures and restricted mobility — and the long-term prospect of political instability in the United States—has left my wife and I thinking we should have a backup citizenship in the EU. + +The most straightforward path to this is the Portugal Golden Visa, which we've started the process on. Between various fees and some deadweight loss in taxes, I'd estimate this will "cost" a little over $100K, with some additional risk/potential expense incurred from buying and eventually selling a property in Lisbon (500K Euro investment minimum). + +2 pieces of this I'm looking for sanity checks on from this group: + +1) Plan to minimize financial risk of the purchase by using a cash-out refinance on our primary residence at a relatively low rate (2–3.25% interest, depending on 5, 10, or 30 year fixed). That way, we can avoid taking money out of the market to do this. Plus, depending on the length of the fixed-rate period on the loan, we can ride out a bad real estate market until we're ready to exit the property investment with a small gain or minimal loss. I have zero concern on being able to pay the interest on the refi. We've got cash for 3 years and a liquid broad-market portfolio beyond that. + +2) Do we actually \*need\* a Golden Visa? Of course, no one \*needs\* one... But if I scope the overall risk here at about -$100K-$300K (fees + potential loss on investment), that seems pretty trivial compared to: A) some backstop to US political risk, B) hassle-free-ish ability to retire in the EU and travel extensively before that for long periods, C) lifelong EU citizenship for our kid, D) possibility of low-cost schooling in the EU for our kid, E) ability to live/work with no visa problems in the EU for our kid. + +I'm comfortable there are no \*huge\* downside risks to this financially. But it will be a huge bureaucratic hassle for 5+ years. I can manage such a hassle. But... + +Am I underestimating my ability to simply go live in the EU any time without any of this? With money, and the ability to go buy property any time we might want to move to Europe, maybe this is all bringing a tank to a gunfight? + +Sorry for the wall of text. And yes, I know about ExpatFIRE. Trust this crew first and foremost. + +Hope you all are enjoying your astrophotography and mini-subs! + +TIA +We aren't the little guy as they say we are, together we are them. That is "the little guy" whose money they gamble with. It is "the little guy" whose shares they use to short. It is "the little guy" who defines their future based off of who we tell about whether or not we are satisfied consumers. It is the "little guy" who votes for the politicians who protect them in their white collar crime binge after being deceived by advertisements over information. Now it changes and we will realize who dumb money really is and that the little guy runs the show. + +Imagine if we told everyone we knew how fucked they are, if they saw the truth through the lies that MSM tells to make the headlines. Imagine if people realized that 401ks, pensions and any security bought through them was lent out for to make the broker a revenue in returns while ruining the security and using **their** 401k as collateral for a bailout. Imagine if boomers, gen x, gen y, zoomers and millennials realized the older generations had it right not trusting banks. + +The little guys would run the show, [exponential decay](https://www.cuemath.com/exponential-decay-formula/) would take place just as it seems to be with the Federal Reserve's unrealized [gains/losses](https://www.federalreserve.gov/econres/notes/feds-notes/fig5-3174.png) along with [bonds](https://www.ustreasuryyieldcurve.com/). I'm sure the SEC and institutions are praying we don't wake up and remember history telling everyone we know, *"Those who cannot remember the past are condemned to repeat it." -George Santayana.* This statement goes both ways, this is clearly [the roaring 20s](https://www.pbs.org/fmc/timeline/estockmktcrash.htm) with GameStop to be a [golden age](https://en.wikipedia.org/wiki/Golden_Age). The only way to stop inflation, is deflation, even they know that our money isn't enough to deflate, it takes a [sacrificial lamb](https://www.dailymail.co.uk/news/article-2962885/Billionaire-Ken-Griffin-accused-throwing-bedpost-wife-Anne-Dias-Chicago-argument.html). + +Without us, they are nothing, with us as enemies, their future is fucked and their system will be revealed as the monarchy it really is. There would be no leverage, the white collar criminals of wall street (Citadel Securities LLC) would be powerless as "the little guy" uses democracy to vote out the politicians who keep their corrupt games in play (this is the single biggest threat hence the reason they [spent the most ever in history for this years ad campaign](https://www.cnbc.com/2022/09/26/2022-midterms-candidates-spend-over-6point4-billion-on-ads-making-race-one-of-the-most-expensive-ever.html)). + +Gamestop is the single biggest threat because it got involved with politics, it got involved with MSM and the public, it got involved in their short positions with the potential to face unlimited losses, it got involved in their leverage direct registering shares removing their abusive short selling volume. Together HODLing and DRSing GME, hedgies r fuk. RC was right when he said "[The best time to be alive in human history is now](https://twitter.com/ryancohen/status/1552456736870928384?s=20&t=rsn9TjkvAXrTVePKvsyfLw)." We have information at our disposal with international unity around the corner. Fool me once, shame on me, fool me twice, I wont be fooled again, they got away with it the first time since it was over a lifetime ago and great grandma looked crazy not trusting banks, but twice in a lifetime the world will wake up. They hold their bailout which isn't large enough for infinite losses, the "too big to fail" statement is about to bite them in the ass since GameStop is too big to fail. + +PSA: Just to address an elephant in the room, try not to grow impatient with new guys about DRS, we were in their shoes a bit over a year ago and not all are shills. It only takes 4 things, [this chart](https://www.computershare.com/PublishingImages/company-share-structure.jpg), [this instance](https://www.bloomberg.com/opinion/articles/2017-02-17/dole-food-had-too-many-shares) where being a beneficial owner was a disadvantage, a professional opinion from former [DTC](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc) member [Susanne Trimbath](https://twitter.com/SusanneTrimbath?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor), and showing them [who is on the DTCC](https://www.dtcc.com/about/leadership/management-committee). If they are visual learners, show them [Jon Stewart](https://youtu.be/bP74RBTE8kI), if they have free time, "[The Wall Street Conspiracy](https://archive.org/details/videoplayback_20210423)" is a great movie. A number of community members have done deep research that has played out past to present so the [DD Library](https://fliphtml5.com/bookcase/kosyg) makes the perfect roadmap. Facts over feeling, knowledge is power, it's our greatest weapon as individual investors and the reason we all are here investing in GameStop. If they deny it after that just report them for brigading since the intentions are clear. I hope you all have/had a fun and safe weekend, [hedge funds did not](https://nypost.com/2022/10/21/custom-35m-pennsylvania-compound-has-sold-for-9-26m/). +My husband and I have been very fortunate to earn a solid income in a low cost-of-income region, and we are both more than happy to live frugally and save/invest 70% of our paychecks. At just shy of 40yo, we have 25 times our yearly expenses saved. We are ready to FIRE. +. +But we are very uncomfortable about it. We never discuss income/investing/NW/FIRE in any concrete way with others. We are both afraid that this will be a social barrier. Most of our friends make a bit less and spend a bit more (but neither category exorbitantly far from our own values), and they are nowhere close to this position. Case in point: recently a sibling (and spouse) of someone we knew (both government employees with no kids) retired at age 50 and settled into taking classes in their dream field and pursuing hobbies; one of our friends rolled her eyes and said very judgingly "Imagine that! Must be nice. Maybe we can retire when we are 70." We both feel like we will be ostracized or at least that our friends will feel uncomfortable and like they no longer have anything in common with us. We also have one family member who is chronically short on money and would think it obvious that we should share ours if we have so much that we can retire. + + +We have even considered starting a very small company (consulting in computer programming) so that we can say that we are "excited and nervous to step away from our regular paychecks to try this adventure". Other people would assume that we were still working our asses off and hoping to be able to pay the bills, while in reality we would take on only the projects that seem genuinely fun and only spend ~10 hrs per week on the work. Basically, we would have a fake job just to save face and seem more financially "normal". + + +How do others deal with the other-ness that you face when following a path as outside-the-norm of FIRE? +I barely work an entry level job at a restaurant. Year after year, they break promises to me of being promoted and I keep training employees that eventually get promoted ahead of me. Is it my time to leave or how do I put my foot down and say I’ve had enough? I barely make enough to make a single car payment + +Update: I spoke to my upline manager and was told that I never communicated that I wanted to move up I my General Manager but also told me a few others that moved up came at them in a fit of rage to move up. It’s not my place or in me at all to approach the man that hired me like the way they did but I also know that’s something he wouldn’t take. Also, I’m not a caddy kid that thinks I can get what I want just because I want it. I need advice on how to approach this or where I move from here with my experience in the service industry and pursuing my degree in healthcare administration. I have a year left and I know anywhere I’d go, I won’t get paid as much as I get paid for at this job. + +How do I approach a psych major GM and ask to be promoted in the best way? +I've been interested in Bitcoin since I heard about it back in 2010, I CPU mined, I GPU mined with my company's computers (with their knowledge of course). + +I amassed a good amount and then when the price started going up at the end of 2017 I realized I couldn't remember the password I used to encrypt my keys, at today's price what I have in that wallet would be worth 8 figures. + +I have literally tried everything to get that password back, including weird things like hypnotism and even ayahuasca. At this point I'm sure it's gone, good for you guys I burned about 350 BTC. + +Now on to how it might have saved my house. I kept buying what I could, I was making good money for a time so I was able to buy every now and then. I amassed a huge total of 0.28 BTC, I was hoping to hodl that basically forever, but fate had another plan for me. + +My GF cheated on me, which was devastating because we had been together for 5 years, during that time we bought a house together, and I went into debt to finance improvements and renovations. Now I need to refinance and I'm not making the same money I was when we bought it so I thought I was screwed when it came to qualifying to refinance. + +I was able to sell my 0.28 about 2 weeks ago and pay off my credit card and some of my line of credit, and now I'm teetering on the edge of being able to refinance and pay the cheater out. + +There's no moral to the story except HODL, you never know when you'll need the money you have invested in Bitcoin, it's going to the moon so don't take it out unless you absolutely have to. I wish I didn't but for the foreseeable future I'm out of the game. + +I really hope I can refinance my house because I worked so hard on this place, I'm paying down my line of credit as much as I can but due to COVID I'm just not making the same money I once was. + +TLDR: Don't go into debt, don't trust women you're not married to, and HODL. + +Edit: So for all the comments telling me how to crack my password, trust me I've tried. I worked as a software engineer for 10 years, I've built programs to try to break my passphrase but it's not happening. + +My passphrase was a whole sentence, this was before password managers so I was using sentences as passwords. I was using Armory wallet and my passphrase was long like "theunicornhappilywandersthedarkforest", I've tried brute force and dictionary attacks, it's not happening, that money is gone and I'm over it now. + +To the person who gave me 0.085BTC, I love you and I promise when I'm in a better place you'll get far more than that back. + +A few more answers - I didn't get married to my ex because she didn't want to, not because I was making her wait. Married or not I should have been more careful because not only did I put down the down payment, I had the only salary at the time, it was a huge mistake. + +I will recover from this, I will be better. My company is going to invest in Bitcoin because I know the value will only go up over time. +I will try to address comments but I'm overwhelmed by the amount so please don't take it personally if I don't reply directly. + +I am not setting up a gofundme or anything like that, I'm not here to beg for donations I just wanted to share my story and encourage people who don't have much to hold on as long as possible. +My bf and i are getting engaged. He wants me to cosign on a refinance mortgage for a small apt building he owns. Its a 1.1 million dollar, which has constant flow of 2k a mth. He is paying down this loan plus another 350k loan he borrowed from his parents for the apt complex. Its also a interest only loan for 10 years which allows him to get cash out. He says this is for our retirement and i have no access to any money that cash flows or if it sells. I will be 50/50 owner on this loan (title) however he is saying that he wants me to sign something saying that if it is ever sold i get nothing. I am supposed to "trust" him. He also is in the middle of jobs right now and is on unemployment. Even tho he is getting cash out from this refi, and has a cash flow, shouldn't I be entitled for something if I am cosigning? I know that if i ever want to buy a car or a house on my own this would come up as being "on my name". He says we can also sign something that says if we break up he would sell it immediately to get my name off of title. please help! +I'm happy to accept that people overlook things and screw-up (work in any company for a week and you'll soon lose faith in the idea of a business being a perfect, efficient machine). Are there other examples where a stock has been split/dividended incorrectly then a redo had to be issued? + +The fact that this happened with probably the most closely watched, hyped stock split/dividend in history is really sketchy. But if it's just something that happens sometimes it makes it an easier to swallow pill. + +But if this like, NEVER happens, then it's sus as hell. + +Anyone know if it's happened before? +In the hearing in NY it seemed by everyone to be taken as a given that "money laundering" is such a terrible crime that it must be the priority to stop above all else. + +I challenge this notion. + +While money laundering can indeed harm people and is a serious matter, the number of lives ruined by money laundering are relatively minor compared to other problems facing our world such as war, poverty, unemployment and violence. + +I do not see a massive public demand from people calling for an end to money laundering because it has harmed them. + +Also it's worth noting that a very large portion of money laundering is related to drugs....also taken as a given that this is an evil worth stamping out at any cost, public opinion and the actions of states like Colorado show that many of the American people do not view the purchase and sale of drugs as a major problem. + +It seems the NY regulators and those like Charlie Lee who are proponents of regulation are trading jobs, freedom and innovation for the bogey man of "money laundering", which is a crime which does less harm than the alternative in some cases. +https://www.esma.europa.eu/press-news/consultations/consultation-paper-amendment-article-19-csdr-rts-settlement-discipline + +Here is the comment link for 'Amendment of Article 19 of CSDR RTS'. Have seen a lot of posts about it but the actual comment link is getting buried. +Link: http://nyti.ms/2bJOKG2 + +Thoughts on this? It's not clear what kind of accounts these would be or what investment options are. At first it seemed awesome, but then read about the criticism of previous state run retirement account programs. + +My employer doesn't currently offer 401k, (I haven't worked there that long, and we're small), so this still seems exciting to me. + + +Forgive me if this has been discussed at length. I used the search function but came up with next to nothing. + +With marriage near, my fiancee and I are already living well below our means. We've started to do rough calculations about financial independence and the time we're coming up with is ten years, but that's only if we don't stray from our current spending level... + +Anyhow, back to the question in the title. Did your desire for financial independence and early retirement cause you to limit the number of children you had or forgo kids entirely? + +Or were they not a factor? That is, you long ago decided that of course you were going to have two kids and only then figured out how to make financial independence work... or you first decided that of course you weren't going to have kids and only then figured it out. +title! + + +What were some coping mechanisms, tips etc. How long did it take for the next role? Interview tips? + + +Recently got let go, really enjoyed my org, but alas! +Hi! US -> AUS here, been here a few years on a work visa but just got permanent residency! Now that that's sorted I need to sort out private health cover but also start aggressively contributing more to super (I was saving for immigration fees before, and I bought a car in cash last year, so now that % of $$ will be going to super and other savings). I do have enough savings to account for about 6 mos of expenses, so I'm honestly pretty happy with that for now though will be adding a bit more. Bank interest rates aren't terribly thrilling right now, though ING seems to be better than others? I rent now but I do hope of someday owning a house, but also I admit that the systems here are still kinda different and I want to make sure I am understanding what is best for me. + +So besides getting signed up for medicare, and getting my driver's license sorted, trying to make money-smart decisions and be aggressive about it but want advice re where to start next. + +Re private health cover, I'm in the $$ and age range where I'd pay extra if I don't get it, and I do wear glasses (and take some meds every month for a genetic thing). Compared to the US all the options look very cheap but I get very mixed opinions on if it's worth it or not and if so, what's worth getting. + +In the US, you basically need credit cards etc to build up a good credit score and get loans in the future. I know that's not as much of a thing here but like let's say I do 90% of my groceries at Coles, is it worth getting their CC for the points? Are there other cards like that that'd be a better option? Mostly just interested in cashback. + +I do have some $$ invested in the US but have been told that if I try to bring it over here, I will lose a decent % of it so happy for it to stay there for now, but I do want to be aggressive re saving and the UniSuper advisor I have access through work wasn't very helpful honestly. I want to try to be aggressive with savings, but also be sensible about it. + +Anything else I am missing? Super glad to officially get to stay here, I love Australia and I really fell in love with the land and the people, glad I get to stick around! \^\^ +So for a little inductive context: My salary (way high on the spectrum) is not even 20k. 52% annual inflation. I’m not even in one of the worst ones. People can barely manage to survive in most cases. And people here talk about percentages of adoption? My god they need to get their heads out of their asses. I really wish you make loads of profits in crypto; then please allocate some of that to a trip to latin america and see how things are. We lose perspective behind a screen all day and it couldn’t be more obvious when you read some of the things here. Wishful thinking doesn’t even cut it, it is just pure dissociation from reality. Rant over. + +Update: Just wow. The entitlement of some people. I invite anyone to check the comments. You have two things: 1) actual Latin Americans saying “same bro” __and__ 2) people from the USA/EU telling us we just don’t know about the actual place we live in. Astonishing +Hi! I live in Nepal. It's way cheaper than most countries in the world and the returns in the stock market are pretty insane as well ( shares of banks provide anywhere from 15% to 30% returns annually). Also, the taxes aren't that strictly imposed. + +I wanted to ask would I still need 25x my yearly spending to be financially free? +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. + +Expenses. I'm paying $420 a month for my car. My student loans are in forbearance until February. They're normally $200 a month. + +I work part-time and take care of my two-year-old son. If I worked full-time and put him in daycare, I'd lose half my income. +My jobs are on an as-needed basis but I make between $2-400 a week. + + I'm married and my spouse pays for the apartment and utilities. He's bad with money and tends to rack up debt unless I handle the finances. I've come home to the power turned off or cell phones being turned off. We've caught up on all of the debts he accrued and I paid off all of my credit card debt. + + Unfortunately, the bills were in my name so my credit score dropped from 750 to 515. I've gotten it back up to 600. I do not have any credit cards at the moment and was trying to hold off on getting one until I got my overall debt to less than $30,000. + +There's $3,000 in savings. It's meant for my son and any incidentals he needs. I try not to spend the money unless it's an emergency, like my car breaking down. + +Making about $1000 a month, I pay for my car, gas, groceries, cell phone, and put money into savings here and there. I never have enough to pay extra on my car loan. + +What should I be doing to help pay off my $20,000 car loan and $30,000 student loan? + + When I call about refinancing, different people offer me different amounts. The car loan they can't do anything about. The student loan payments I can get as low as $180 or as high as $300. It usually depends on the representative I'm speaking with. + + +To answer a few commonly asked questions: + +I work in childcare and need to transport kids in my car throughout the week to activities. This requires having a larger car that can fit multiple car seats. Furthermore, my spouse and I share one car. This prevents us from selling it. + +The area I live in is not terribly affordable but it's where we work and live. Daycares average $2,000 a month. There are no family or friends available to watch our son for an affordable price. + +I also do housekeeping and pet sitting. My son comes along when I'm watching kids if his father isn't available to watch him. I don't bring him along when I'm housekeeping because he's young and doesn't understand how to be gentle with things. + +As for my spouse, he doesn't believe in scrounging and saving like I do. He feels if he earns his money and pays his bills, he should spend the rest as he chooses. I don't agree with this philosophy but trying to see eye-to-eye on the subject leads to arguments. Initially, we did share expenses but that led to frustration. Now, we share some expenses while we divide others. + +YES. The car is expensive and I should sell it. However, I still owe the better part of $20,000 on it and it's appraised closer to $15,000. That means it's a $5,000 loss and I'd have to have money to go buy another car. I do not have that kind of money at present. +To say we had an interesting few weeks in the uranium sector would be a massive understatement. We have seen new geopolitical support for nuclear power and a massive new catalyst in the form of the newly formed Sprott Uranium Trust (more on that later). There was also a new version released of the Bear Traps Report, a popular type of newsletter that in the words of John Quakes is “send to thousands of Wall Street money managers”. It is also believed that the initial run up was sparked by the sharing of a similar Bear Traps Report article around November/December of last year, sparking the first leg up with institutional capital positioning in the sector. There is \*a lot\* happening beneath the surface and the coming few months will, in my view, prove to be significant. + +Here is the first part of the Bear Traps Report with my own added comments as well: + +In 2020, six nuclear reactors were connected to the gnd. Of these, Belarus and the UAE opened their first nuclear reactors. This, despite the pandemic. We expect this trend to continue over the balance of the century. There are currently 108 planned nuclear reactors globally at various stages of the approval funding process. Different countries get different percentages from nuclear reactors, a sample: China, 4.9%; India, 3.2%, Japan, 7.5%, UK 15.6%, USA, 19.7%. The take away is that between China, the UK and the USA, alone, there is plenty of potential growth in nuclear reactor electricity supply and, of course, these countries have the financial wherewithal to fund the requisite nuclear reactors to go green should consensus so direct. + +Production from mining (in tonnes U) for 2019 was. 22,808 from Kazakhstan: 6,938 from Canada, 6,613 from Australia, 5,476 from Namibia, estimated 3,500 from Uzbekistan 2,983 from Russia, estimated 1,885 from China, 801 from Ukraine, and 67 from the USA Production in the U.S. has been in steady decline: 2014 = 1,919, 2015 = 1,256, 2016 = 1,125, 2017 = 940, 2018 = 582, 2019 = 67. + +The main takeaway here is there is a seemingly strong geopolitical risk component to Uranium supply. U.S. production has essentially evaporated, an extremely bullish fact for forward Uranium pricing given Biden's pro-nuclear stance. Production of Uranium concentrate in the U.S. has fallen steeply and steadily (pounds U308): 2,422,789 for 2017, 1,446,496 for 2018, 173,875 for 2019. In the first quarter of 2020-8,989 vs 58,481 in first quarter 2019 vs 226,780 first quarter 2018 and 450,215 first quarter of 2017. + + +Overall, nuclear power provides about 11% of global electricity output. Demand grows alapually in the single digits. Because of low prices, global Uranium supply is down 25%. If prices double, mines will reopen and consolidate. If the U.S. alone decides to go big on nuclear prices will at least double. And assuming prices double, supply will be adequate to power U.S. nuclear ambitions. It goes both ways. The U.S. produces but 7% of its own demand, with 93% dependent on imports. "For strategic issues such as power supply and defense, this is not a healthy situation, and therefore the plan was made for a strategic stockpile, "Gabi Schneider, the executive director of the Namibian Uranium Institute, explains, adding it is ultimately the US's goal to expand uranium production domestically in order to shrink, or halt outright, U.S. imports of Uranium. + +The U.S. goverment's Uranium strategic stockpile effort passed last December is a key, and telling, first step. At the state level, legislatures have begun passing laws that set up support for nuclear reactors. This represents a big shift from half a century ago. The Biden administration is pro-nuclear power. China's nuclear reactor capacity is set to grow from 46 GWe in 2020 to 108 GWe by 2030. We expect ground to be broken for nuclear reactors over the balance of this decade in Uzbekistan, Kazakhstan and Poland. Projects have begun in Turkey, Bangladesh and Egypt. So it's not just a question of the wealthiest countries jumping in. + +Consensus thought on Uranium has been remarkably stupid, missing the supply cuts, missing the 5x move in conversion prices (UF6), missing the 40% rise in SWU (enrichment) prices, and missing the recent run up in spot prices (U308). Basically, consensus can't even think one step ahead when it comes to basic economics. It didn't occur to them that money losing mines would be shut down. + +The US needs to guarantee greater uranium supply. For that it needs U.S. mines to reopen and consolidate. For that Uranium prices have to double. The new U.S. Uranium stockpile could prove a key component to that price shift. Uranium just entered supply deficit Kazakhstan's Uranium production forecast is for its Uranium production to peak next year and to go into serious decline post 2030. + +&#x200B; + +All of this comes down to one simple fact, it is that we are running out of time for uranium prices to get going and the longer this doesn’t happen, the higher the eventual price overshoot to try and make up for a decade of lost capex investments and exploration. If utilities come to the table within the next 12 months, some form of price control can be asserted and perhaps a slower run up into a price of roughly 60-65 dollars with a small overshoot to around 80 dollars by 2024 might be the most probable scenario. If they don’t though, we might be looking at triple digit uranium once more. One massive new catalyst that was brought to the table recently was the fact the coming into existence of the Sprott Uranium Trust. The bear traps report names 9 reasons why this will likely have significant implications for the broad uranium market: + + +Uranium Participation Corp was a company that was buying U and sitting on it, the original yellow cake. The market will now have daily price discovery and a retail / family office / small asset manager speculation vehicle. This is a game changer. Now we have a new team taking over (Sprott). Very bullish for uranium. Why? Here is why: + +1. We are getting a U.S. listed vehicle with a physical redemption Like a GLD for uranium. Look at PSLV and PHYS, equivalent. + +2. A new mechanism for retail, institutional. An at the market facility. Technically a closed end fund, NOT a GLD. + +3. Pounds come in, don't go out. They could do a buyback if the market provides that opportunity. + +4. Uranium Participation Corp is tough to buy, pink sheet. Many online brokers didn’t offer it, but now there will be a new liquidity vehicle that is far more widely available. + +5. Management transition from Denison to Sprott. Think Industry player to real asset mgr. + +6. When there is large premium new buyers are vulnerable. This has suppressed upside momentum NOW there is a liquid vehicle, large buyers can come in with a liquidity work out. + +7. Next, Sprott does a big offering to bring in new pounds into the fund. There was too much inventory of uranium in the system, this vehicle will eliminate this problem. New size buyers of the fund will quickly translate into spot buying! + +8. Think CME and oil this could be a new real franchise /a liquidity central facility + +9. Management take over might take 2/3 months. Then the premium U Part will come in, was 16% today in a month or so Dan Loeb can come in and buy $100m without the premium risk pounds will permanently be removed from the mkt NOT an ETF, it’s a closed end fund. A discount may develop in the shares but new buyers are in a much better spot. + +&#x200B; + +That marks the end of this uranium market update and I hope you enjoyed the read. With so much happening both in front as well as behind the scenes, hopefully I can be of aid to help you traverse this opaque market in the best way possible. We are at the foot of what will undoubtably prove to be a generational event, but it will be an extremely volatile and wild market all the way up and eventually down as well. If you got any questions or comments, my dm’s are always open. As always I wish you all a good and healthy rest of your day and good luck out there in the markets, cheers! +I don't know how, but someone got ahold of my debit card number and charged over $1200 to a hard rock cafe sports bookie. I have already blocked my card and have a new one on the way, but I was told it would take a couple of weeks for the fraudulent charges to be fully taken care of. This is the first time this has happened to me, would it be worth filing a police report? +Edit: *Thanks to everyone who replied with kind words. I hope this post kept at least some people from investing their life savings into Luna/Terra. For any that did lose their life savings: you can rebuild your savings, but your brothers/sisters/mother/father/sons/daughters/friends can't ever buy your life back. Also, some warnings to anyone tempted to pick up a few hundred thousand Luna at a few hundredths of a cent each: Warning 1: don't forget that the number of Luna has exploded from 360 million to 6.5 trillion: about 18,000 X, and UST still isn't worth $1. You will need to buy about 18,000 Luna today to have the same effective Luna stake as you did before the drop. So, if you're paying .00033 cents/Luna be aware that you're paying the equivalent of 18,000 * .00033 = $5.94 for one "before the crash Luna." That's 1/16 of the high. For a coin that just crashed this hard, I'd think twice before paying 1/16 of peak value. Warning 2: If I understand correctly, they're thinking about allowing the* accelerated *minting of Luna to stabilize UST. If that happens, I think you'll be looking at total minted Luna going from Trillions to Quadrillions (and maybe beyond). If they let that happen, you should expect the value of Luna to fall additional orders of magnitude in response... and the coins you paid 33 milli-cents for may be worth 33 micro-cents. ($33 per MegaLuna? Is that the new marketing name?)* + +--------------------- + +I was interested in investing in Terra after hearing about it, but after doing basic early research, I now have big qualms. Help me understand why I'm wrong... Or confirm my concerns. + +Here's the problem I have with Terra: + +Assume I own the entirety of Terra at the start and there are only UST Terra. + +Suppose 1 Luna = 1 USD and there are 2 Luna in existence. + +Suppose 1 UST = 1.01 USD and there is 1 UST in existence. + +My Terra+Luna+USD universe is worth $3.01. + + + + +Now suppose in order to peg UST, I burn 1 Luna and mint 1 UST and sell it. + + + + +I get: + + + + +1 Luna > 1 USD (equivalent) (it's claimed, since supply went down) + +1 UST = 1 USD (equivalent) + +(Sold UST) = 1.01 USD (cash from the UST I sold) + +(total) > 3.01 USD + +The total value of my universe must now be worth >$3.01, if the claim that the value of Luna rises is true. + +*All I did was sell a token for the price it was worth, and suddenly it's claimed that the net worth of my universe is now greater than it was.* + +It makes no sense to me that minting a UST token by moving value from one pool to another should yield created value in the pool that had value *taken from it*. + +This smells to me of a complicated, well obfuscated, Ponzi scheme. + +The more UST you mint, the less Luna there is. The drop in total minted Luna makes people \*think\* Luna should be worth more, so they buy it. In reality the total network includes both Luna AND Terra and the value of Luna shouldn't have changed at all. + +But go the other way: when people start selling their UST because they want to go back to bitcoin, they mint Luna and sell it. Now the price of Luna goes down. The fact that the price is going down and total coins minted is rising encourages the selling of Luna making the price drop farther. If the price drops too far, it can no longer support the burning of UST to get a dollar by selling Luna. + +As far as I can tell, buyers of Luna are basically the pansies that are paying for the exit of UST bag holders. Once people don't want to buy Luna, any remaining Luna and UST holders are screwed. + +It seems to be that as fast as Luna is rising, that's how fast it can fall. + +Explain to me how this isn't true. +I follow this guy, Benjamin Cowen @ intocryptoverse Twitter and like the stuff he does. I didn't realize it at first but there's a scammer with username @ intocryptoWerse who's using the same picture & name but this handle @ intocryptoWerse which is just 1 letter different and scamming people.... I thought I was learning from a real guy and I made an account on an exchange he told me to go to legerxcoins.com & deposited $3000 in BTC on the deposit address. Hasn't arrived and the guy says it's a server error and now wants me to message him on whatsapp. I'm following along until now pretending like he isn't scamming. I've tried posting on twitter & warning but I follow like 20 people & have 0 followers..... I only used it to see if I could make some money for the fam...... Sucks lol... 3K.... Im 25 and working to provide.... 3K taken just because I thought I had the opportunity to learn from someone better.... Sheesh.... Just someone stop this guy, 3K will be worth it.... Thank you. I have pictures and screenshots I took. Please help if you can. +I follow this guy, Benjamin Cowen @ intocryptoverse Twitter and like the stuff he does. I didn't realize it at first but there's a scammer with username @ intocryptoWerse who's using the same picture & name but this handle @ intocryptoWerse which is just 1 letter different and scamming people.... I thought I was learning from a real guy and I made an account on an exchange he told me to go to legerxcoins.com & deposited $3000 in BTC on the deposit address. Hasn't arrived and the guy says it's a server error and now wants me to message him on whatsapp. I'm following along until now pretending like he isn't scamming. I've tried posting on twitter & warning but I follow like 20 people & have 0 followers..... I only used it to see if I could make some money for the fam...... Sucks lol... 3K.... Im 25 and working to provide.... 3K taken just because I thought I had the opportunity to learn from someone better.... Sheesh.... Just someone stop this guy, 3K will be worth it.... Thank you. I have pictures and screenshots I took. Please help if you can. +Hi, probably many know about this but for those who don't, wanted to let you in on what HitBTC has been doing for months. + +So, HitBTC has been locking people out of their funds for quite a while, using various techniques. At this point, it's quite likely that they are not solvent and are trying to keep the thing going for as long as possible by stalling and keeping a few users happy with the other users funds. What amazes me is that they haven't made any honest statement about this for this long. I used to think they were pulling an exit scam, but after all this time, a hack and insolvency seem more likely. There's a positive albeit hyper naive option, that they are truly under-staffed and quite incompetent. + +First they started by not-crediting people with their deposits and not executing withdrawals to the blockchain. I was personally caught by depositing ETH through a contract. There was no mention of this on their deposit popup, it was only stated in their support docs, which you obviously don't check until it's too late. So I reported it **2 months ago** on the issue **#106549**, bear in mind that the fix on their side is just to check the address and credit the ETH (check address balance, set the same number on their platform). Yet they took 1.5 months to even acknowledge the ticket and are now just postponing with empty responses like asking for data they already have in the ticket and elevating the issue to another area of the company. Also reported to /u/hitbtc in both PM and by posting on r/hitbtc but got no response. + +If you check r/hitbtc, there are 100's complaining about this for months, yet they are somehow still in business. At one point, they got the nerve to blame delays on overloaded blockchains and created a [System Health tab](https://hitbtc.com/system-health) where you can see the queue of deposits and withdrawals for each blockchain. I suppose some poor souls fall for it, the fact that they want to blame a 1 month delay on a blockchain is pathetic. + +Their next move was to add ridiculous fees when you move funds, clearly to discourage people from doing so and giving them some forced liquidity. + +Every now and then you see people posting on Reddit or the forums about finally being given their funds. I'm personally very skeptical, these could be fake posts by the admins or just that they make a few people happy to make it look like everything is alright. + +At this point, I'm getting used to the idea that my funds are long gone, but I'm keeping local copies of everything and will pursue this until the end. I'm hoping these guys are exposed asap, stop scamming people and go under. + +**TL;DR:** Don't deposit on HitBTC, if your funds are in it, good luck to you + +**UPDATE 2018-02-13 (next day):** After this post and emailing their accounts a couple of times about it, they finally credited the funds and also the withdrawal went through immediately. I wouldn't take it as a happy ending kind of thing, they basically withheld the funds for 2 months until the cost of doing so outweighed the cost of giving it back. Notice in the comments how many people actually withdrew from HitBTC just in case in response to this post. So, I'd still discourage anyone from depositing funds there +I am sick of all my food being frozen or canned due to expense. I just want to eat tons of fresh veggies and fruit but I feel like I can't afford it. I already buy the cheapest, seasonal stuff I can get. I'm not at the point I need to go to a food pantry; just want some tips to how to make eating fresh food more affordable. +For most people, filing taxes is a simple matter of putting a bunch of numbers into TurboTax, finding out they get some money back, and not giving it a second thought. In this post I hope to explain the basics of the US federal income tax system in simple terms as it applies to *most* people and list a few FAQs about taxes. + +If you see something that isn't correct or have suggestions on other things to add, please let me know in the comments or by private message. Be sensitive that this is intended as an overview and not line-by-line instructions on how to file one's taxes. For detailed tax questions you should see a tax professional. + +## ELI5: Taxable Income, Tax Brackets, Marginal Tax Rates + +The biggest point of confusion for a tax novice is how the tax brackets affect their tax burden. Your marginal tax rate and your effective tax rate are not the same thing. Moving into a higher marginal tax bracket does not mean your entire income is taxed at that rate. + +The marginal tax brackets for 2013 are listed [here](http://taxfoundation.org/blog/2013-tax-brackets) ([2014](http://taxfoundation.org/blog/2014-tax-brackets)). I will use the single filing brackets for illustrative purposes (I also didn't include deductions for this initial example). + +Say you're a single filer that has $34,000 in taxable income (taxable income is explained more in-depth later). Your boss calls you in and tells you that you're getting a raise to $40,000 per year! Great! But... how does this affect your taxes? At $34k you're just under the cutoff for the 25% tax bracket, and now your marginal tax rate is 25% after the raise. Are you really "making" more money, but losing virtually all of it to the increased tax burden? + +No. Since the tax brackets are marginal, based on the marginal tax rate (the tax rate at which *the next dollar* you earn is taxed), only the amount *above* the 25% bracket threshold ($36,901) is taxed at 25%. Your tax calculation looks like this: + +* $8,925 at 10% = $892.50 ($8,925 in taxable income) + +* $27,325 at 15% = $4098.75 ($36,250 - $8,925 in taxable income) + +* $3,750 at 25% = $937.50 ($40,000 - $36,250 in taxable income) + +* **Total tax = $5,928.75**, effective federal rate = 14.8% + +The marginal tax rates only apply to *taxable income* - that is, your income after all of your deductions and exemptions are factored into your total income. Your total income is listed in line 22 of the 1040 form, while your taxable income is listed in line 43 of the 1040. + +## Deductions: Standard, Itemized, above the line - WTF? + +Everyone is entitled to deduct certain things from their taxes. Deductions reduce the amount of income that is subject to tax - they reduce your taxable income. Deductions fall into three major categories: the standard deduction, itemized deductions, and "above the line" deductions. + +* The **standard deduction** in 2013 is $6,100 for single filers in tax year 2013 ($6,200 for 2014). If you claim the standard deduction, this is what you'd put in line 40 of Form 1040. + +* If you want to claim **itemized deductions**, of which a number of expenses qualify, you need to include Schedule A with your tax filing. The total of your itemized deductions goes in line 40 of the 1040 form. The major itemized deductions are for home mortgage interest, state/local/property taxes, and charitable donations. + +* **"Above the line" deductions** are listed in lines 23-35 of the 1040. Most require additional documentation to show eligibility. In /r/personalfinance the most popular tend to be the student loan interest deduction (line 33) and the IRA deduction (line 32). + +One of the most common tax questions we get here is "Should I itemize my deductions or just take the standard deduction?" **If the sum of your itemized deductions is not larger than the standard deduction, you're almost always better off claiming the standard deduction.** + +Now let's go back to our simple example from before. Taking into account the standard deduction and one personal exemption for a single filer, the tax calculation changes significantly for the better: + +* $6,100 + $3,900 = $10,000 subtracted from your taxable income. + +* $8,925 at 10% = $892.50 ($8,925 in taxable income) + +* $21,075 at 15% = $3,161.25 ($30,000 - $8,925 in taxable income) + +* **Total tax = $4,053.75**, effective federal rate = 10.1% + +Notice that the standard deduction and personal exemption put you in the 15% marginal tax bracket instead of the 25% bracket. + +Your state may offer its own tax deductions for state taxes. Details vary by state, but one of the most valuable is the deduction for 529 plan contributions if your state offers it. + +## Exemptions + +In addition to deductions, most taxpayers are entitled to claim one or more tax exemptions. Exemptions, like deductions, reduce your taxable income. The personal exemption is $3,900 for 2013 ($3,950 for 2014). If you are married filing jointly you can claim an additional exemption for your spouse. You can also claim an additional exemption for each dependent. + +High income individuals and couples may run into the phaseout thresholds for the exemption(s) they claim. For more, see [IRS Publication 17](http://www.irs.gov/publications/p17/ch03.html). + +## Tax Withholding + +Your employer is required to withhold taxes from each of your paychecks by law. The formula for withholding can be found in [IRS publication 15](http://www.irs.gov/pub/irs-pdf/p15.pdf). You can adjust your withholding by giving a new/modified W-4 form to your employer. The W-4 allows you to specify the number of allowances or extra withholding from your paycheck. + +The IRS also provides a somewhat useful [withholding calculator](http://www.irs.gov/Individuals/IRS-Withholding-Calculator) that can help you determine if you are withholding too much or too little from your paychecks. The calculator is good if you have a regular salary that doesn't change much throughout the year. + +## Tax "refunds" - Not Ideal + +Your tax filing calculates your actual tax obligation to what you've had withheld throughout the year. If you underwithhold, you will owe the IRS the difference. Beware that if you purposely underwithhold too much, [you may face a penalty](http://www.irs.gov/taxtopics/tc306.html). + +If your tax obligation is *less* than what you've had withheld throughout the year, the difference is returned to you as a "tax refund." While it may seem counterintuitive, tax refunds are not a good thing. "Refund" implies that you actually owed the money you paid at some point - this is not the case. Money that you never owed was being held by the government at 0% interest. Instead of working for you throughout the year by paying down debt or funding your retirement accounts, your money was effectively doing nothing for anyone. Aiming for as small a refund as possible, or even owing a small amount, is highly advisable. You can do so by adjusting your allowances on your W-4. + +## Tax Credits + +Tax credits directly reduce your tax burden by effectively giving you a refund. There are [dozens](http://www.efile.com/tax-credit/federal-tax-credits/) of tax credits in the tax code. Some of the more common, subject to eligibility, are the child care credit, foreign tax credit, American Opportunity tax credit, and Lifetime learning tax credit. Your state may offer tax credits as well. + +## Capital Gains and Capital Losses + +Another common point of confusion is the capital gains tax rules. Due to the character limit, I will direct you to [this page](http://taxes.about.com/od/capitalgains/a/CapitalGainsTax.htm) from About.com which explains things very well. + +You cannot claim unlimited tax-free long term capital gains in the 15% tax bracket - only the amount required to "fill up" the 15% bracket is exempt from tax. Any long-term capital gains past that would be taxed at the 15% rate. + +## Other Taxes + +Several other taxes you will or may be responsible for paying, and will see withheld from your paycheck: + +* State/local taxes - rates vary by state and locality. + +* Old Age, Survivors, and Disability Insurance - 6.20% up to $113,000 in taxable income in 2013, 6.20% up to $117,000 in taxable income in 2014. + +* Medicare - 1.45% on your entire taxable income. If you are a high earner you may have to pay an additional 0.9%. + +# Frequently Asked Questions about Taxes + +**Should I see someone about my taxes?** + +Even if you're itemizing your deductions, the majority of people that ask this question in /r/personalfinance are likely capable of filing their taxes themselves. Tax situations that may merit seeing a professional would be a small business, multiple state residencies/income, or overseas tax issues (foreign tax credit, foreign earned income exclusion). Tax preparation costs vary based on complexity and where you live, but most tax returns can be prepared by a professional for a few hundred dollars. + +**What tax software should I use?** + +[TurboTax](https://turbotax.intuit.com/) and [TaxACT](http://www.taxact.com/index.asp) are the two most popular commercial suites. If your income is below $58,000 you can file your federal return for free directly with the IRS using [freefile](http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free). Costs of state returns through the Turbotax and TaxACT cost $36.99 and $17.99, respectively. Both suites charge more for things like capital gains, rental income, etc. + +**I already filed my taxes. Can I still contribute to a Roth IRA?** + +Yes. Unless you're eligible for the [saver's credit](http://www.irs.gov/uac/Get-Credit-for-Your-Retirement-Savings-Contributions) then your Roth contribution after you file your return but before the April 15 deadline will not affect your tax filing. Roth contributions are post-tax. + +**Why doesn't the student loan interest deduction double for couples married filing jointly?** + +That's just the way the tax code was written. The maximum you can deduct in student loan interest is $2,500 regardless of your filing status. + +**What's the difference between a tax deduction and a tax credit?** + +*Tax deductions* reduce the amount of your income that is taxed, while *tax credits* reduce your tax burden directly. The amount your tax burden is reduced by a deduction is the amount of the deduction times your marginal tax rate. For example, a tax deduction of $1,000 for someone in the 25% tax bracket will save $250 on their overall tax burden. A tax credit of $1,000 will save $1,000 on their overall tax burden. + +**I screwed up a tax return for a previous tax year. What should I do?** + +You need to file an amended return, form 1040X. The IRS provides [this](http://www.irs.gov/taxtopics/tc308.html) guidance for filing amended returns. As the IRS notes, your state tax obligation may change based on your federal tax obligation. You may need to file an amended state return as well. + + +##Conclusion + +Taxes can be intimidating if you've never done them before, but most filings are fairly simple. Hopefully the information above answers some of your questions about the basics of the US tax system - please use the comments if you have additional questions. + +Edit 04/12/2014: The Tax Policy Center has a great interactive [Form 1040 and Schedule A](http://datatools.taxpolicycenter.org/1040/index.html) page, in which you can get a brief summary of each line of the 1040/Schedule A by rolling your cursor over it. +So, I'll take as an example an apartment that currently rents at $100,000 per year and the method I'm using so far. + +(The figures are completely unreal and serve as just an example) + +&#x200B; + +To determin the net rental income: + +1. Take the average annual rent for that building ($100,000) +2. Subtract 10% as an unoccupancy risk factor ($90,000) +3. Subtract 7% for various appartment management , remodellings and expenses over the year(s) ($83,700) +4. Subtract all service charges you might be paying annualy as a landlord to the building management (for example $20,000) + +Would leave you with a net annual rent of **$63,700** + +&#x200B; + +Then, for example say you want to figure out the real value of the flat with an ammortization timeframe of 15 years. + + $63,700 * 15 = $955,500 + +If in a good area, with access to public transport, restaurants, schools and so an add a 20% premium on top. + +Which would result in an actual value for the property **$1,146,600** + + $955,500 * 1.20 = $1,146,600 + +Is this an accurate way to measure single unit valuation? + +&#x200B; + +(Amateur here so would like to hear all opinions) +Apologies in advanced for the click-baitish title! + +**Long story short, I am ready and will FIRE at 34. But I'm considering taking a "bullshit" or stress-free job for personal reasons and benefits. If you want a little background of my story, please read on. If not, please go straight to the points that I have highlighted in bold below. Would love to hear your opinion/view on my choices.** + +I am 34, M, single with no kids, and will "FIRE" in 3 months. I sat down with my boss this morning and told him why and when. After a bit of going back and forth, he was totally cool with it and thanked me for giving him 3 months instead of the typical two-week notice. + +Sorry, but no FIRE unicorn here. I worked in the tech field and made well over six figures for the majority of my career. I lived pretty frugally throughout my life and dumped most of my income into the stock market. As of today, my main brokerage account hovers at around 1M (actually just dipped below 1M because of today's market lol), a little under 100k in 401k, and 35k in a Roth IRA. A vast majority of my holdings in my main brokerage account are S&P 500 ETF and blue chip stocks (VOO, BRK.B, AMZN, MSFT, APPL, GOOG, NVDA, WMT, WM, T, etc. for those who care/want to know), and a small portion in more risky stocks. Both my 401k and Roth IRA are pretty much just S&P 500 ETFs. + +I know this amount might not be enough for some, but for me it is. At least for now. As mentioned, I have been pretty frugal throughout my life, mainly due to the fact that I grew up in a very poor household. I still remember the days when my parents came into my room to ask for my Christmas and birthday monies that our relatives gave me in order to pay for our rent. Fortunately, those days didn't last too long. My family wasn't rich or well-off per say by the time I got to high school but we lived okay for the most part. Anyway, before I go off on a tangent, basically I just want to say that that lifestyle never left me and I actually enjoy it. My FIRE budget will be at around 30k per year including taxes/fees/whatever there might be. Of course, this number will differ a little every year but my goal is to aim at around 30k every year. Definitely not losing sleep over a few grands above my target. + +My plan for the living situation is to move from NYC to south Florida, not sure which city yet but most likely somewhere near Miami (by near I mean 1-2 hour drive, and that can get you pretty far for you big city folks). The main reasons why I'm choosing Florida are because low cost of living and state-tax free. In NYC, let alone having a state tax, we have something called the city tax... Can't and shouldn't complain tho. If it wasn't for NYC, chances are I would not have been able to FIRE at this age. Anyhow, I have lived in Florida before and love it there, so it wasn't like I solely picked it because it was cheaper to live in. I know what I'm getting into and I know what my lifestyle will be like there. And here are my main break down of the living costs: + +Rent & Utils: $15000~ + +*As a New Yorker, housings are dirt cheap in Florida. Enough said.* + +Gas, car insurance & maintenance: $1500~ + +*I own a 2014 Camry, fully paid off. Very little mileage (I live in NYC after all). So I'm giving myself a decent size cushion for insurance and maintenance fees here.* + +Food: $5000~ + +*I cook a lot, one of the reasons is being frugal. Again, I'm giving myself a huge cushion here. I have been cooking for myself for almost two decades, I know how to portion my sizes to make more meals and hunt for good deals at the groceries. Thus, I'm going to skip toiletry and cleaning products in the COL because I definitely won't be needing 5k a year for food alone, I will just treat them as part of the grocery shopping bill.* + +Entertainment: $1000~ + +*This is the part where most of you guys will start to dislike me. I know, I'm not a good person but it is what it is. I download and stream all my movies, shows, and music illegally. The only time showbiz can make a dime out of me is when I go to the movie theaters, which I rarely go to. I might go there 2 or 3 times per year. Maybe when I FIRE'd I will go more often but who knows. I suppose most of that $1000 will go toward my cellphone bill and Internet. Most if not all of my hobbies are free and/or low cost. I'm into cooking, swimming, hiking, running, kayaking, working out, browsing Reddit, watching movies, TV, sports, music (all free as I mentioned), etc.* + +Travel: $2000-3000~ + +*Who doesn't love to travel right? Well, I do for the most part but not constantly. My goal is 1 international trip and 1 domestic trip every year. Sometimes maybe even just 1 domestic or 1 international, not both. Contrary to popular opinion, I wouldn't want to travel 24/7 even if I had the money. Traveling is exhausting in my opinion, I rather take my time and see more things per location than just "to go there" just to tell people that I went to all these places.* + +Misc & Eating out, etc: $500~ + +*I rarely eat out. Mostly with friends. Even then I would pick the medium-priced items. Though this number can/might shoot up if I end up in a relationship. As boring as I sound, I do find going on restaurant dates very romantic and fun.* + +That ultimately puts me at around $25000~26000 per year against my yearly income of $25500. I simply did $30000*.85 = $25500 to include the taxes/fees. Once again, some year I might live on less and some might be more, $30k is just a goal or guideline for myself. And hey, not so fast just yet, I left out one important cost that most people tend to forget about, health insurance. Which is one of the main reasons why I want to keep "working." + +Main reasons why I want to keep working (at a bullshit job): + +**1. Ironically, it gives me a sense of life.** + +This is probably the part where some of you guys will hit the backspace or close the tab, but hear me out. "Getting out of the rat race" is just a blanket term. This statement should be put into a form of a question, *why do you want to get out of the rat race?* For me, social anxiety plays a huge part. While my job does provide me with a good paycheck, I suffer a lot of peer pressure from upper management and people on my team. Sitting at my computer desk at 11:30pm on a Sunday evening is one the worst feelings ever, I bet you guys can agree with me on this one. It's not only the fact that I have to get up 7 in the morning and try to catch the fully packed train, but the fact that I have a boss to answer to and people to manage the moment I step inside the office. I hide it quite well, but I often panicked in front of my subordinates and my managers. Basically running all these bad thoughts and judgements inside my head. As hideous as it sounds, if money wasn't a problem, I don't mind being the lowest guy on the totem pole at work. Nobody will judge me if I screw up the most simple thing and nobody will expect me to lead them, it's 100% stress free. Being able to drive and always have a parking spot in front of the building is also a great perk as oppose to catching a packed train with grumpy commuters (Florida can definitely provide that). + +I know I'm not a great writer and this isn't a good thread for a guide or anything, but if you can get anything out of this thread, make sure you test the water first before FIREing out of nowhere just because you have reached your net worth goal. Take a small sip of the hot soup first before taking a mouthful so you don't burn your tongue. Yeah, the soup is delicious but it is also freaking hot and it needs to be cooled down first. So that's exactly what I did. I purposely took 2 weeks off work with nothing scheduled ahead (no traveling, no planning stuff with family/friends ahead of time, etc.) just to get a sense of what my FIRE life would be like. The first day was amazing, I think I woke up at like 1pm and then made myself brunch. Sat around, dicked around on my PC, and that was it. Second day, repeat. Third day, I got bored and decide to hit up my friends, oh wait it was a Wed, everybody had work. So I went to the movies by myself. Fourth day, you guessed it, I got pretty bored but still enjoying the no-work life. Fifth day, I actually want to go back to work and speak with my coworkers and see some familiar faces. I mean it wasn't like, "shit, I'm dying over here, I need to be back at work ASAP. I made a huge mistake!" It was just that the thought suddenly crossed my mind and that I was bored out of my mind. Next two days were okay because I finally got to hang out with my friends and family. The following week was straight up, "what the fuck am I doing with my life?" I don't want to make it sound like it was hell and that I was suffering or anything, but I can totally see myself not being happy over time and may even fall into a depression in the long run. I really sat down and thought about it, it won't be weeks or months, but years of this. I think finding a motive in life is very important. Again, as ironic as it sounds, I think a 9-5 stress-free work schedule might just keep me sane. Of course, this is what I think will work for me. I'm not saying it's right or it's wrong. Just find what works best for yourself. + +And as bad as it sounds (you gotta plan for the worst right?), what if you really didn't enjoy FIRE and want to go back to your old job? It might just be a little too late by then. + +**2. Health Insurance** + +This is a big one. I wonder if many of you FIRE'd people are running into the same problem. I care about my health a lot and would want to continue to go to the dentist twice a year and my physical once a year even after I FIRE'd. But health insurance is so freaking expensive without employer's help so I don't know anymore. If I can land a *bullshit* job where they can relief some of those insurance payments, I would definitely start working again. + +**3. 401k** + +I think this one is pretty self-explanatory. I want to continue to invest even after I FIRE'd, and one of the best investing vehicles is the 401k as it provides many tax advantages. And this goes back to my point that "my 1M net work might not be enough for some, but for me it is, *for now*." I see 401k as my ultimately safety net for the times I really can't work anymore. I want to continue to beef up this account, if possible. + +**4. Resume, beer money, socialize** + +Continuing from the third point, what if 1M really won't last me and I will have to go back to work before my 401k and social security kick in. I don't see how not having a X amount of year gap of work will hurt me if I were to go back into the rat race. In fact, I can probably use it to show that I never really left the workforce on my resume during the job hunt. Either way, it will look better than having a huge gap of no work experience for sure. + +And of course, having few extra bucks won't hurt. Plus, meeting new people and chatting with coworkers is always fun. Lastly, everything is still up in the air for the rest of my life. I'm still single and unsure if I will have kids. I might just need that extra dough and/or going back to work in case a kid or two pop out. + +Anyway, *bullshit jobs* are basically what I'm only willing to apply to and/or work for again (for now). I am thinking of some simple office job where I just do some photocopying, typing up emails, updating data, etc. Dick around for 5, work for 3, and then go home. I also thought about being a security guard. Would love to hear some suggestions on bullshit jobs to apply for. Pay is basically out of the equation for me, as long as I don't have much to do and have decent benefits, I will even take a minimum wage job if needed. And most importantly, what do you guys think of my plan of continuing working (at a bullshit job)? +401k and ira maxed out. I'm sitting on cash and am interested in investing in a few single stocks (no etfs, mutual funds, indices as I am already well balanced in my 401k). There are so many options but I am interested in finding a market pulse source where people discuss the next Tessa, Netflix or even Amazon. Any ideas where to turn? Reputable sources and/or discussion forums? +The MOASS is inevitable, but I have a feeling that this will be the last and the most scary part of our journey to the moon. +Visualise your 10 shares worth 1 or 7 million, they may be worth this much for a day, two, or three. The wait for 10,20 or 100m a share will be fucking looooong - it will drag. + + Understand whats coming. Because it's gonna get fucking ugly and will mess with mine and your heads. Time to grow some diamond balls. + + Face your fear now. Be prepared for the worst. Believe in yourself. + + HODL. 💎 🙌 💜💛💚🧡 +And that is okay. I bought 2 more on the dip today and once everything settles I will direct register them with Computershare. + +Just because someone else may buy and DRS 2,000 from this dip doesn’t mean I should not contribute my 2 to the pool. I’d encourage all you minnows like myself to earnestly look into GameStop’s transfer agent, Computershare, and direct register your shares. + +Minnows together strong 🐋 +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +As per the title, I (28) am looking to buy a 2 bed townhouse in the inner suburbs of Melbourne. Im looking to spend in total between $650,000 to $700,000 with a deposit of $250,000 there for borrowing $400- $450,000. + +My monthly income after tax is $5,200 I have a company car and and company phone so currently my only bill is rent, I get a lot of overtime and frequently earn $6,500 - $8,600 after tax but have done my calculations based off a 40 hour week. + +&#x200B; + +If I was to borrow $450,000 over 25 years at 3% interest my expenses per month are calculated to be + +mortgage: $2,129 + +body corporate: \~$117 + +council rates : \~ $134 + +maintenance : $250 + +electricity: $50 + +gas: $50 + +water: $33 + +internet: $60 + +&#x200B; + +Total: $2,821 + +&#x200B; + +Entertainment and groceries : $900 + +&#x200B; + +This gives me a budget surplus of $749 without doing any overtime, i would also look at renting out the spare room for possibly $600 a month. + +&#x200B; + +I intend to borrow the maximum that the bank allows then just putting the leftover money in a offset account, I wouldn't keep any savings i would just put all my surplus income in the offset account and draw on it and needed. + +my questions are, + +Im concerned that i may be stretching myself to think, Do you think my calculations are quite reasonable? + +Is there anything wrong with putting all my excess money in an offset account and keeping no savings at all? + +Have i overlooked anything in my calculations? + +any tips and advice would be much appreciated. +Folks, + +Just learned that another bitcoiner plead guilty and did not know about it. + +If you get arrested, please send me an email so I can document it and alert the right people. + +Theo +https://AbolishTheBitlicense.org + +[https://twitter.com/TheRoaringKitty/status/1380611475757236226/photo/1](https://twitter.com/TheRoaringKitty/status/1380611475757236226/photo/1) + +Imagine you are playing poker… [https://www.reddit.com/r/Superstonk/comments/mn5bis/order\_flow\_and\_options\_manipulators\_the\_heinous/](https://www.reddit.com/r/Superstonk/comments/mn5bis/order_flow_and_options_manipulators_the_heinous/) + +What do we say to the god of death? [https://www.reddit.com/r/GME/comments/mn5d8j/order\_flow\_and\_options\_manipulators\_the\_heinous/gtya1c4/?context=3](https://www.reddit.com/r/GME/comments/mn5d8j/order_flow_and_options_manipulators_the_heinous/gtya1c4/?context=3) + +Not today... + +[https://twitter.com/TheRoaringKitty/status/1380604175009075212?s=20](https://twitter.com/TheRoaringKitty/status/1380604175009075212?s=20) + +&#x200B; + +https://www.youtube.com/watch?v=oOY2mD0Imok + +&#x200B; + +IMO Wuz's DD is the entire foundation of most DD's posted today and I believe he deserves a lot of credit for our understanding of the current landscape. That's why I've been volunteering to post his stuff for him. He doesn't want to be famous but this has been an interesting day. + +Wuz was the first to talk about Blackrock and Susquehanna. + +Wuz was the first to realize calls/options can be the shorts. + +[https://www.youtube.com/watch?v=c8uVDRt2Os4](https://www.youtube.com/watch?v=c8uVDRt2Os4) + +Pretty easy to see that cat's got a winning hand... +How does the present value of future cash flow affect the stock price, i.e why are more buyers willing to pay more for a stock when they expect the company will earn more (esp. in the case of non-dividend paying stocks)? +I can't be the only one in the boat whereby I am big into chasing the FI dream, but my wife couldn't care less. I wouldn't say she is a "spender", just that she isn't at all bothered about FI and as such she isn't frugal or overly concerned about spending and saving. + +We have this dynamic where I am always worrying about spending, budgeting everything, trying my absolute best to cut out unnecessary expenses, increasing saving rates and investing aggressively. On the other hand, it takes her a week just to deposit her paycheck, for example. + +I know for a fact our savings rate could be considerably higher. Right now it's around 30%, not bad, but it could easily be 40% or even 50% if we were both super committed. I find I make a lot of compromises as I know it gets to her if I want to cut spending too much and I don't want to ruffle any feathers. She even has her own little allowance every month that she can spend as she pleases so she doesn't feel too restricted. Nothing much, but it's an example of where we could save a couple of grand a year almost. + +We're both 28, so pretty young, and I know that the more we can save early the better off we will be later. It does grind my gears a bit at times but for the most part I just accept it at face value. We could still retire in our mid 40's at the rate we are on, but knowing we could retire by 40 if we REALLY tried kind of bugs me, sometimes more so than others. + +Does anyone have any specific advice or tips for this kind of situation? I suspect there must be a lot of people in the same boat dealing with this. No matter what I tell her, that she could be retired in 13 years if we put in some serious effort, it just will not motivate her at all. Let's just say she only seems to be able to live in the here and now and doesn't ever consider the future. + +It's get better gradually, our rate is increasing marginally but nothing significant. I'd really like to fully embrace this journey but it's very difficult with a partner who isn't on the same wavelength. +As I am tidying up my financial footprint, it has left me wondering, is there any point in continuing to have a high street bank with a physical branch? + +My primary bank is online only and I only have a high-street bank as I haven't got round to closing it. + +Is there any point in keeping a bank with a physical branch? +Hi, + +I am in my late 20s (28) and I have found working from home to be a blessing but also at the same time boring. + +Pre-pandemic, I used to go work in an office five days a week which I enjoyed and learnt a lot from. But at the same time I hated the long ass commute driving 2 hours back and fourth. + +Now, I am working in a job that is literally a lot closer to home and I used to go in twice a week which I was very happy with as it allowed me to socialise with people and frankly allowed me to get work done quicker! + +My question is what have you done to make the most from working from home? + +Just trying to find things to do to become more productive and do things in my spare time which will either generate additional income or gain new valuable skills. + +Thanks +Assuming you're a first time buyer, how do you estimate how much money you need to put to one side for all of the costs associated with moving house? Such as solicitor fees, conveyancing, property surveys etc? + +I've heard people say anything fro mas little as a few grand to nearly 10k! But never have I heard a consistent general consensus... + +Many thanks in advance :) +Hello algotrading! +Recently i've been very interested in automated stock trading, and if this is the wrong place to ask these questions pleace point me in the right direction. + +&#x200B; + +I'm looking for either a complete software that lets me autmoate my stock trading or an entrypoint to program my own stock trading bot, Are any of these available? + + +I'm also wondering if it's possible to have a stable profit rate with these autmoated stock trading softwares, i know successfully trading 100% is impossible, but as long as it makes a correct trade >50% of the times it should turn a slight profit, and as long as it is automated this should be a great source of passive income? + +&#x200B; + +Also if you have any guides/tutorials for beginners like me i'd love to see them! + +Myself and a friend have been algo coding for a around 1.5 years and we've got a tonne of strategies waiting to be coded. However since we both working 9-5 and have too much time going on. We're looking at hiring a developer to code the these strategies for us. We're going to optimize ourselves... + +Has anyone in this sub done something similar and if so, where did you go to find resource? I've looked around online and the prices vary massively. We not constricted to a tight budget... + +Essentially looking to see if anyone knows where to find good independent resource. We realistically need only 20-30 hours of someone's time a month. + +Thanks +Hey all. I was just posting to see if anyone else has positive or negative experiences to share about Quant Connect? + +I’ve dipped my toe in it over the past couple of weeks and I’m finding it extremely frustrating. + +I’m a 3rd year programming student, so I’m no pro but I also have a decent grasp on the basics and I’m still finding their framework really hard to work with/build on. Their documentation is spotty and it’s been hard to accomplish basic things. + +I have a strategy that isn’t overly complex but I have confidence in, and my main goal is having it automated, so I guess my question is whether QC is worth learning to accomplish that? Or would something like TradeStation be more appropriate? +My btc trading algo showed good results when I tested it on past 1 month but I have no idea if that's enough to say that the algo is good to go live. + +In fact, I went ahead and deployed it, it has been ~10days and it still has not made a single trade. +Hi, I’m an applied math and statistics major doing a minor in CS from a top University in Australia. I’m looking at getting into a Quant role after my Honours year (4th year here) or potentially even a masters. I was wondering if anyone had any insight as to what personal projects would develop the programming skills required in a quant trading or researcher role and would make a resume stand out as well, as well as what languages are useful in the industry. I get that they’re both different roles so I wouldn’t mind ideas for projects for both. Thanks +I've spent some time collecting a lot of data/indicators for various inter-related markets and want to train a number of different ML models to assess their viability in orchestrating investment in a number of markets (FOREX and Crypto). + +I'm going to avoid the "softer" models which tie in things like sentiment analysis and instead focus on models which use more solid inputs. + +Beyond broad concepts like "just use LTSM", are there any specific models that have been published recently which perform well with predicting time-series data? Many of the comparative papers I can find are quite old now. + +Any insight would be appreciated. +Is there some signal that your trading bot listens out for which makes it immediately close all open positions and stand by? + +Would be interested in hearing what the signal is and how the sell off is handled. +Previously when learning about trading I have often come upon day traders simply using candlestick patterns as entry/exit points. I'm thinking of writing some pattern recognition code or getting patterns from an API to test some strategies myself. + +I come from a physics/maths background not finance so maybe my perspective is naive but given the amount of noise in the stock market it just seems like to good to be true BS. I guess maybe there is a psychological feedback loop since these patterns are established and many brokers offer automatic pattern recognition on charts. I know there are a lot of traders online who hype up their simple trading strategies to get more views or sell books/courses so it's hard to find actual research. + +Has anyone had success by including candlestick patterns into their algo? +Previously when learning about trading I have often come upon day traders simply using candlestick patterns as entry/exit points. I'm thinking of writing some pattern recognition code or getting patterns from an API to test some strategies myself. + +I come from a physics/maths background not finance so maybe my perspective is naive but given the amount of noise in the stock market it just seems like to good to be true BS. I guess maybe there is a psychological feedback loop since these patterns are established and many brokers offer automatic pattern recognition on charts. I know there are a lot of traders online who hype up their simple trading strategies to get more views or sell books/courses so it's hard to find actual research. + +Has anyone had success by including candlestick patterns into their algo? +Hi everyone, + +I'm new to deep learning and I'm trying to find an open source Python code for a deep learning model that can help me manage a mixed portfolio and optimize for both return and Sharpe ratio. + +I've been doing some research and I've found a few options, but I have not found anything reliable. Does anyone have any experience with this or know of any good resources? + +Any help would be greatly appreciated. Thank you! +Anyone willing to share their journey from beginning to profitable algo trading? Day like this just remind me trading ES profitably and consistently is a monumental task. + +What was it like when you started and how long it takes you to be profitable? What was your worst moment? + +Trading is a lonely activities and can be really tough both mentally and physically. +Had a friend over telling me how cheap Costco is and that they go once a month to stock up on things like toilet roll, soaps, coffee etc. + +Is it actually cheaper then say a low cost supermarket like Aldi? +[The Article](https://www.theguardian.com/money/2018/may/16/average-person-will-need-260000-for-retirement-says-report) + +What do you guys think about this? It seems achievable to me but I'm not sure a lot of people have the financial discipline for it. +I’ve had a recent period of consistent returns which I’m very happy with it considering the amount of time I have been actively trading. + +I look at my returns and trades and in theory, if I were to double, triple, quadruple each position, my returns would reflect that too. + +I’m still a little reluctant to just scale up in case there is something else I am missing and I don’t have enough data to know if my returns will remain consistent. However based on how I am trading eg lots of small to medium scalps, occasional big winner I don’t see why it would change and my daily returns are very consistent each day. + +For those who started to scale up their trading, what was the catalyst and was anything different when you took bigger positions? Did your returns match your increased stake or did they change because you (consciously or subconsciously) traded differently? +I’ve had a recent period of consistent returns which I’m very happy with it considering the amount of time I have been actively trading. + +I look at my returns and trades and in theory, if I were to double, triple, quadruple each position, my returns would reflect that too. + +I’m still a little reluctant to just scale up in case there is something else I am missing and I don’t have enough data to know if my returns will remain consistent. However based on how I am trading eg lots of small to medium scalps, occasional big winner I don’t see why it would change and my daily returns are very consistent each day. + +For those who started to scale up their trading, what was the catalyst and was anything different when you took bigger positions? Did your returns match your increased stake or did they change because you (consciously or subconsciously) traded differently? +I have a friend who is seeking FI and has been considering divorce for the past three years. The only thing that's keeping them together is the friend wants financial independence badly and sees a divorce + losing half of their assets/alimony/ child support to severely impact that person. That person ended up taking a lower paying job and moving to another state with their family to focus on repairing the relationship. That person went down from 500k total comp to 150k. However three years later it didn't work out but the friend is terrified of the financial aspects. They have a net worth of 2m. + +I ran the alimony figures compared to the person's SO's salary. While I'm not an attorney (and told the person to seek an attorney) the state they live in is no fault and provides an in depth calculator on their website. After running the numbers the person would be on the hook 25k/year alimony+child sort for 5-12 years depending on the judge then $1k-$1.5k/mo child support after the alimony ended. Fortunately this state reduces alimony dollar per dollar for received child support. Also with the facts of the case it's very unlikely they'll stick the person to their old 500k job and it's very likely if they can go back to that job it won't increase alimony obligations. After running the numbers for my friend that doesn't seem nearly as scary to that person. That person would have owed 80k/year alimony in the old job in the other state. + +Of course it is going to hurt that person to go down to 1m net worth and a dent in savings rate but 7 years in the market that person will be FI again, and maybe a lot sooner. Just the fact the person seeked FI and lived below their means helped tremendously. It would have been devastating if that person hadn't done so. That person will drop a lot of baggage and could really focus on their career perhaps greatly surpassing the previous 500k total comp threshold. + +How have been your experiences with divorce? + +Was the financial impact less worse than you imagined? + +How long did it take for you to bounce back to your previous economic position? + +What financial advice would you offer to someone facing the decision to file for divorce? + +Please don't bring any discussions of gender or blame in this. Let's please keep it on topic and civil to how it affects FI plans. + +# Edit: + +Some more background on my friend's specific situation - It's a gay couple that was dual income but with disparate incomes. They adopted a 10 year old. His husband decided to quit without talking with him before to "stay at home" but the child is in school most the day/etc. The stay at home husband developed some psychological issues. They've been having this marital fight for three years with the stay at home husband doing absolutely nothing. + +My friend is planning on fighting custody but was worried about the divorce in the worst case scenario that he doesn't gain custody. I hope he wins custody as he really deserves it. + +I *really* didn't want the discussion to derail into my friend's specific circumstances. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Around 4-5 months ago, this subs favorite low market cap coin was Ergo (ERG). + +During its hype it was hovering around $14-$18, a few months later and it’s down at $4 - down more than 70% from its ATH. + +[This is an even better post about this topic.](https://np.reddit.com/r/CryptoCurrency/comments/qbyq2i/unpopular_as_heck_if_this_sub_is_shilling_a_coin/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +^As ^you ^can ^see, ^when ^OP ^made ^the ^post ^Ergo ^was ^at ^$9.99, ^it’s ^down ^even ^more ^now! + +[An Ergo shill post, a really good one tbh!](https://np.reddit.com/r/CryptoCurrency/comments/q563f2/ergo_deep_dive/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +^Down ^54% ^since ^this ^post. + +[Don’t miss out on Ergo!](https://np.reddit.com/r/CryptoCurrency/comments/pn1drc/erg_ergo_is_getting_popular_dont_miss_out_just/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +^Don’t ^miss ^out ^on ^a ^way ^to ^lose ^67% ^in ^4 ^months. + +[What’s the top comment in a post asking about the best project outside top 100 market cap? Guess?](https://np.reddit.com/r/CryptoCurrency/comments/p9g8v4/whats_your_favorite_project_outside_the_top_100/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +^Ergo ^everywhere. + +Don’t make my mistake. If a coin is shilled way to much here don’t buy it. +I have been very focused on OMG for a while now and jotting down the interesting bits in wordpad whenever I read an article, listened to a podcast, watched talks/meetups and found something worth noting. I managed to clean it up a bit and format it for reddit the best I could after getting all the new information from the Town Hall Q&A last night. As talking about each point would make this 30 times longer to go through I tried to simplify it but there is much more information on OMG than just this and if you haven't looked into it yet I think you should. + +&nbsp; + +**Omise/Omisego origins and involvement in Plasma Development** + +* Omise is a payment processing company started in 2013 and is now making the move to the blockchain +* Omise's entire existing userbase will be supported by Omisego +* Omise has over 50,000 merchants and over 420 million customers (some seen [here](https://cdn-images-1.medium.com/max/800/1*PrEWZ_puEiTQ-us_Fmh-sg.png)) +* Featured on cover of Forbes Thailand in October 2016 as ["Fintech Rockstars"](https://cdn-images-1.medium.com/max/800/1*iFF3cxSut7WT3ZdZQtrSIA.jpeg) +* Omise [awarded](https://www.omise.co/omise-awarded-digital-startup-of-the-year) the Digital startup of the year award in 2017 by Thailands Prime Minister +* Thailand ministry of finance [intergrated](https://twitter.com/JUN_Omise/status/898496682089783296) Omise Facepay technology +* Blockchain lab created in 2015 +* Involved in Plasma development before its public announcement +* Merchant volume of over [$30 Billion](https://np.reddit.com/r/OMGTraders/comments/71qcfy/analysis_of_the_merchants_of_omise/) from only what we know about +* First to run Plasma and will provide scaleability to Ethereum +* Wallet/SDK is open source and white label allowing any business or financial entity to use the network without a formal partnership (Anyone from a local bakery to Paypal and Visa could use the network simultaneously) +* Staking rewards for validating transactions paid out in your choice of coin *May be limited choices +* Dex that will provide crosschain transfers to any coins and provide cash in/out services +* Currently working with many people on the development of plasma/omg including Joseph Poon, Vitalik, David Knott (Now an OMG Dev), Karl Floersch and more +* Plasma to allow 1 million TPS from the start and theoretically scale to billions +* Wallet SDK release in Q1 +* Wallet and staking release in Q2 with "conglomerate" integration within a month of release +* DEX TBA (See town hall info below) + +&nbsp; + +**Advisors** + +* Thomas Greco (Special Advisor) **Advisor to the Interchain Foundation developing Cosmos Network, the Web3 Foundation developing Polkadot, and has previously served as an advisor to the Ethereum Foundation.** + +* Vitalik Buterin (Proof-of-Stake Research: Scalability, Safety, Privacy and also Involved in development of Plasma) **Founder of Ethereum** + +* Joseph Poon (OmiseGO Principal Author and also Involved in development of Plasma) **Lightning Network Co-Author** + +* Karl Floersch (Proof-of-Stake Research: Cryptoeconomics, AI Ethics, Implementation and also Involved in development of Plasma) **Casper (Ethereum) Researcher** + +* Roger Ver (Decentralization Advisor, Human Rights Advocate) **CEO of bitcoin.com, First Major Backer of Earliest Crypto Startups** + +* Dr. Gavin Woods (Consensus Technology Research, Development and Utilization) **Co-Founder of Ethereum, Founder of Parity & Polkadot** + +* Jae Kwon (Proof-of-Stake Research - BFT Consensus, Speed, Interoperability) **Creator of Tendermint, and Cosmos Network** + +* Vlad Zamfir (Proof-of-Stake Research: Economic Security, Consensus Protocols, Correct-by-Construction Protocols) **Casper (Ethereum) Research Lead** + +* Martin Becze (Scalability research: eWASM, VM’s, microkernels) **eWASM (Ethereum Web Assembly) creator** + +* Julian Zawistowski (Decentralised Economics Enthusiast) **Founder of Golem** + +* Ayako Miyaguchi (Regulatory Relations, Financial Inclusion, Crypto Social Impact) **Former MD Kraken Japan, Founder of Japan Blockchain Association, Board member of Japan Fintech Association** + +* Pandia Jiang (Community Relations, Crypto-Business Advisor) **Founder of LinkTime** + +* Ash Han (Distributed Economy, A combination of Crypto, Finance, and Technology) **CEO of Finector, Co-founder of Cosmos, Angel Backer and Blockchain Evangelist** + +* Prof. David Lee Kuo Chuen (Financial Inclusion, Microfinance) **Professor of Quantitative Finance, Singapore University of Social Sciences** + +&nbsp; + +**Lots of ties to big players in the financial and business industry since Omise started years back but for Omisego specfically it would be including but not limited to investments and partnerships from** + +* MUFG Mitsubishi United Financial Group (2.4 trillion in total assets and invested into Omisego under subsidary Krungsri aka Bank of Ayudhya) +* [True Money](https://twitter.com/JUN_Omise/status/917556490189266945) (processes >4 billion usd across 6 countries) +* SBMC (2nd largest bank in Japan) +* [Credit Saison](https://twitter.com/JUN_Omise/status/922720544121692165) (Third largest credit card company in Japan) +* Ascend Capital (owns AliPay) +* McDonalds [Thailand](https://twitter.com/jun_omise/status/902844287557148673?lang=en) +* SBI Holdings +* SMDV +* [Toppan Printing](https://twitter.com/jun_omise/status/922652439576174593?lang=en) +* Golden Gate Ventures +* East Ventures +* 500 Startups +* More unknown partnerships due to NDA's +* Have met with [Greylock](https://www.greylock.com/greylock-companies/) (owners of Coinbase and more, more information currently undisclosed) *No official word of partnership +* Jun has stated on [twitter](https://twitter.com/JUN_Omise/status/918355265124102144) they are ~"Building relations / connecting 15 different financial institutions across 4 regions and more than 1000+ dev contributors involved" + +&nbsp; + +**More recent information from the "Town Hall Q&A 0x1" hosted Jan 30th on YouTube** + +* Sdk open beta end of February +* Talking with banks, merchants, hardware partners under NDA (Also mentioned in crowdsale [document](https://i.imgur.com/HLhW2xW.png)) +* Vitalik, Joseph Poon, David Knott, Karl Floersch completed MVP (minimum viable plasma) during a short retreat late last year +* DEX internal release milestone completed with blockchain running +* DEX design complete starting to build on blockchain +* Next milestone is internal testnet deploying nodes and connecting Plasma/omg nodes to ETH testnet +* Plasma possible "much earlier" than first expected (most likely due to MVP breakthroughs) +* Plasma final revision will be the same framework as MVP with additional features added as time goes on +* SDK and Licensing open source under Apache 2.0 no fees to start building on the Omisego/plasma network +* Working with strategic partners to issue FIAT backed tokens and cash in/out points(atms?). +* Website redesign coming with an added community hub +* Transactions nearly instantaneous on plasma, block time yet to be determined +* Staking will be open and fair to everyone, they are taking measures against whales controlling the network +* Omisego Advisor Ayako Miyaguchi will be the Executive Director at the Ethereum Foundation effective Feb. 1st +At the highs my stocks were worth about $1m. I’m on a 50/50 international US split with most of the US in blue chip dividend stocks with a heavily weight to consumer staples. + +International is in VXUS which is literally at 2009 lows right now and even worse when you account for inflation. Absolutely in the dumps. Yields about 4.5% right now. Crazy. + +How bad will this get? Who knows but I’m riding through with dividend reinvestment turned on. + +I’ve lost a lot so far but I’m riding or dying through this market. +This company, Kontrol Technologies, has a growing core business in the building automation and green energy sector that is rapidly growing with some serious blue chip clients. Not even currently valued at 2x top line revenue for 2021 and they are projecting another 100% growth year in 2022. + +HERE IS WHERE YOU NEED TO LISTEN + +Their new innovation called Kontrol BioCloud is an absolute global disruptor. The first of its kind, fully patented real time air quality monitoring and aerosol detection device. This unit can detect any patonegen in the air at remarkable accuracy levels. For example, it can detect airborn Covid at such a low particulate level that a space can be evacuated before anyone else is infected. + +The technology has been verified and funded in part by the Canadian government. Recently on the US side the BioCloud has been cleared by Gov procurement and both Marshall Communications and Steelcase $SCS have signed mega distribution agreements for BioCloud. Steelcase specifically wanted exclusivity with the product in multiple sectors because they believe it will sell like crazy. + +Kontrol has confirmed the infrastructure and supply chain to manufacture up to 20,000 units per month which at $12k USD per unit could equate to $240M USD per month revenue, not including the consumable reoccurring revenue from the detection chambers (depending on the pathenogen you want to test for). This company has a $60M market cap right now after being decimated by short selling attacks on the Canadian exchanges. + +Its started to move but like I said, is still not 2x current revenue projections for 2021 which don't include BioCloud. If BioCloud takes off (like Steelcase thinks it will) this could be moving by dollars a day shortly. + +https://youtu.be/tK_27uO6X5U + +Good luck all! +I've read a lot of the success stories on this sub (and other related sources), and I've noticed there always seem to be a pivotal point in all of them where there is some form of luck or help involved in achieving FIRE. A relative passing and leaving wealth (like cash or a house), parents covering college costs and/or allowing the person to live with them rent free for a long time, or sometimes getting some crazy high paying job that they weren't qualified for. + +I'm not calling into question the validity of those stories, but I am interested in hearing from anyone who didn't get a leg up such as that, without really having an impact on that moment occurring. + +There was a story recently from a guy who chased black swans - low cost, high risk, high reward investments - and while there is an element of luck there, it was clearly an intended part of his strategy that he pursued, so I don't really factor it in as a "lucky" moment. + +So, in summary, I'm interested in hearing from folks who have FIRE'd or who are well on their way, who didn't have an important factor come into play that they had absolutely no control over. (Again, not trying to attack those stories, I just know I'm not going to be one of those folks, so I need to see what it looks like.) + +EDIT: There's a few people saying that everyone receives luck and help: I guess maybe I wasn't clear enough. Bringing up the genetic lottery or what country you were born in isn't what I'm looking for. I'm not even sure how it's helpful. I am aware of those factors. I do appreciate the discussions, though. + +What I really wanted - and some people have graciously obliged - are examples of people who started in similar situations as my own and have been making strides. The two common themes I see in those stories are military and starting a small business (there are other examples however). + +And to clarify, I'm not bitching or pouting or anything like that. At the end of the day, anyone in this sub is on the same team. I just wanted to hear some stories from those who maybe had less luck and/or help than the rest. /u/Polaritical put it best: + +> We're all working to the same goal. But we all start off in different places. There's nothing wrong with being privileged. We all are. +I'm about two years into what for most would be a very early retirement in my mid 30s. I'm posting this from a new account because too many people could figure out my other account and I generally tell people I work from home now rather than telling them the home is paid for and I don't need to work. But this post is about time and fulfillment, not money. + +I've spent more time than ever trying to figure out what makes a happy life. I do love that I get more sleep and have less stress, but that's an absence of misery more than a source of joy. I've found myself looking into mindfulness and positive psychology, and a recurring theme is the importance of close long-term friendships and other relationships. Most people I know do have at least one person who they've been friends with for a long time, and that's good. All the studies I've seen show that friendship depth and duration matters more than the number of friends. Not surprising, right? You want to feel like someone out there really knows you and will be there for you no matter what. But another consistent finding is that *extended communities* are very important to happiness. I'm an introvert, but I still feel like I need people to talk to in order to really feel happy. + +There's an old finding where people who believe in God rate their lives as happier. If you dig down, you find it's mostly being influenced by those who go to church. And if you dig down further, you find major differences are social. Churches are one of the best ways to join a community that's more-or-less static. I also found [this podcast](https://old.reddit.com/r/samharris/comments/9wktko/waking_up_podcast_142_addiction_depression_and_a/) interesting. Johann Hari argues that America has a loneliness problem, and that substance abuse and depression often have roots in boredom and loneliness. This is especially bad for older people in the US, and I imagine it's especially important for those who succeed in retiring early. We don't really do local community anymore in the states. People go to work, drive home, and disappear into their houses, and many people don't even know their neighbors. My dad was telling me people used to talk to each other on the bus. Not anymore. We're becoming increasingly isolated, and I believe this is very bad for us as social creatures. + +For most of us work is our primary social setting. We spend most of the waking day at work, and we build friendships. The first problem with this is many of these relationships are shallow due to barriers and expected professional conduct. I can't see being friends with people I've managed or who have managed me, because they don't really know me. Second, even with peers these friendships are often very hard to maintain once you quit work. I made a list of about 20 people I wanted to stay in touch with. We've been able to talk a bit at parties and such, but I can feel us drifting and it's exhausting to keep everyone close. It was so much easier at work when they were all together, and I could say hi and talk for a few minutes each day. Two years out I've only maintained meaningful friendships with 2 of them. Another 2-3 I could get lunch with. Most of my former work friends still have their work community, and the fact that I'm no longer a part of it isn't as disruptive as losing the community completely as I have. They like me, but their motivation isn't equal to mine. If you've ever moved jobs, you know you usually lose touch with people over time, and the new workplace replaces the old as your social epicenter. + +I do have my wife to spend time with, and we've had fun traveling. I still have my best friends, and we get together weekly. They still work and have families, so that's about all they can do. My family and I are close. All these things help, but *I long for the larger community*. A larger group of people I can talk to regularly. Sometimes we go to sit-down restaurants just because we want to be more social. And even though the relationship to wait staff is pretty shallow, it does partly fulfill a social need. I've talked to people who RE like me, and they often talk about going back to work "just to have something to do" or "to have people to talk to." I think ultimately many of us are lonely, and since I'm not religious there are limited opportunities for social meetings. I've spent a lot of time on meetup.com looking for groups we'd enjoy. I've found a few, but not many align with my interests, and even fewer are regular enough for me. + +I'm now thinking about the Unitarian church, which is fine with me not being religious. I'm toying with the idea of starting my own meetup targeting younger retirees. I'd like to find more people near me with time and money, and even if there are only a dozen people that's the start of a community we can make more durable. I will also be looking for groups this spring that are activity focused: something like a hiking or outdoor group. I might even learn to ski so I can continue outdoors in the winter. + +My advice is this: **start now by finding your community outside of work**. And it's never to early to develop a hobby or two. It'll be better to get in the habit and have the group now rather than scrambling around like me once you realize you are actually bored and starved for social interaction. You don't realize how much happier you are with regular social interaction until you've been without it for several months. We don't have kids, but I know that can take up a lot of time and attention for those who do and your experience will probably vary. Would love to hear any suggestions I haven't considered too, since I'm still figuring this out. +The increase in the rate takes effect from December 1st. + +Though you can only deposit £50 a month into this account, by doing so you get access to a prize draw where you could win £250, just by saving money into the account, so it's worth getting even if you have other accounts that offer 5% interest. +Was curious on what you guys think provides the best returns both in the short term and long term as well as what builds wealth faster . What do you think is the Better investment to build wealth and offers the best returns both in the shot term and long term . Is it investing into the stock market either buying index funds and ETFs or buying single stocks assuming you buy and hold both ETFs/index funds or single stocks . I personally believe investing into the stock market is better overall but investing into real estate has better tax deductions. Curios on y’all’s opinion on this if you could provide sources or other proof/info on this with your opinion that be great thanks in advance. +At the time, $400/share seemed extremely overvalued. Then it surged to $900 the following year as Covid hit, shorts were forced to cover and meme money took over. + +This isn’t to spread FUD, but simply to say hedge your bets and avoid the gamble. + +It’s not inconceivable to see $30/share in the next year or two. +Is Twitter not a guaranteed 8-10% profit right now? + +Basically just like the title says. Now that Elon’s purchase of Twitter is official, we know that he is going to be paying out to shareholders $54.20 per share and Twitter is currently trading right around $50/share. Is it not guaranteed profit to just buy stock at or around $50/share and wait for your payout of roughly ~$4.20 per share at $54.20/share? + +Is it simply because we don’t yet know when the payout will take place? Because if it takes a year+ for example, then that makes sense because the returns aren’t as great the longer the buyout takes. + +Anyway just curious if I am missing something here. Thanks! +The weekend and Christmas is here so if you want to move your Bitcoins around now might be a good time to do so. I expect to see 10-20 satoshi/byte transactions being processed in a day or two, which translates to ~$0.40 at current prices. Happy Christmas and hodl on! :) +Please upvote for visibility, this is a serious issue, which concerns surprisingly many apes and needs to be clarified! Very often, I read in comments or DMs that Europoors are waiting for months for their letters from CS from the USA. It may be that this letter will never arrive! **The solution is written below.** + +Clearly, there is something wrong with the letter delivery from the USA to Europe. Apes wait for months (sometimes since October) for their letters in the hope that they will arrive sometime. + +Here's what happened to me: Two months ago I DRSed for the first time and waited for my letter. After four weeks of waiting, I called CS, whereupon they sent me the letter again (no fee), but from UK and not from USA. After two and a half weeks, the first letter from UK arrived. The letter from the USA has still not arrived until today (since two months). + +**The Solution:** Call Computershare and just ask for shipping from UK! You can call CS directly a few business days later after successful DRS transfer! There is no reason to wait longer. +You can call CS at (---NO FINANCIAL ADVISE---): +800 38233823 +The call is free from landline and mobile phone. My own research has shown that +800 numbers are always free of costs, but feel free to google it yourself. The customer support is in English and is very friendly. I even read that you can ask to speak in your native language. For example: “Do you speak German?/Can I speak with someone in German?“. Source: Well, had to remove it, as the automod doesn’t like links referring to other subreddits, in this case the German $GME subreddit. + +\*\*UPDATE: You may get an incompetent person on the phone who has absolutely no idea what they are talking about, but they are extremely confident in their opinion. If that's the case, just say a friendly goodbye and call back a little later.\*\* Source: [https://www.reddit.com/r/Superstonk/comments/ssgg3o/something\_is\_super\_strange\_with\_cs\_and\_it\_will/](https://www.reddit.com/r/Superstonk/comments/ssgg3o/something_is_super_strange_with_cs_and_it_will/) + +Yesterday I called CS myself to draw attention to the problem. + +1. It was confirmed to me that letters to Europoors are still not sent automatically from UK. :/ +2. I asked for the problem (lots of letters not arriving in EU) to be passed on to their boss, which I was kindly promised would be done, but I am unsure how seriously she/they take the issue. + +In my dull red eyes, isn't it easily possible to automatically send all letters to Europoors directly from UK??? After all, one could retroactively send all "forever unanswered" letters from the US to Europoors from the UK.Feel free to reach out to Computershare, as the suggestions of one single individual may be not enough. Sample email provided: +[https://www.reddit.com/r/Superstonk/comments/sqqex2/comment/hwn3nzf/](https://www.reddit.com/r/Superstonk/comments/sqqex2/comment/hwn3nzf/?utm_source=share&utm_medium=web2x&context=3) +Feel free to reach out to Gamestop as well, for the same reasons. Sample email provided: +[https://www.reddit.com/r/Superstonk/comments/sqqex2/comment/hwnk1eb/](https://www.reddit.com/r/Superstonk/comments/sqqex2/comment/hwnk1eb/?utm_source=share&utm_medium=web2x&context=3) + +Europoors, now your help could be needed:Please translate this post into your native languages (for example with deepl) and post it in the respective $GME subreddits, as many Europoors only inform themselves in their native language. It would be nice if you take care of the subreddits of your home countries. I already took the German version and posted it into the German subreddit. + +Thanks for your attention. Have a wonderful day!! See you ... you know where =) + +&#x200B; + +Edit: An Ape without enough Karma reached out to me to share his unlucky experience: "I DRSed one share in october and recieved the letter in Nov. Then I DRSed 25 shares from IBKR into my then existing CS account and never recieved the new DRS statement AND never recieved my code for the investor center. Two days ago I called them (the number you mentioned/from GameStop website) and they said the code was sent on December 1st). I asked them to send it again and asked if they can send the code from UK but the lady said the code can only be sent from US not UK. even as I said that it worked for other investors she said it is not possible and that I need to wait. Now I will hopefully get my code and the new DRS statement and after I recieved them I will send the next batch." (If that happend to you, please try to call CS again, as this had to be an unexperienced customer support representative.) +I don't really need to lecture anyone about the rising prices of goods. + +Inflation is nothing new. And it's only getting worse with the aftermath of covid. + +But now we also have to deal with housing prices getting out of control with the lumber shortage. + +And many goods have accelerated their rise in price from the issues of supply chains. Like anything that has a chip in it. Including cars. + +While unemployment is going down, down from a ridiculous high, it's still mostly low paying jobs. + +Mostly jobs where typically half, or even most of your wage goes directly into your rent. Good luck ever buying your own house. Even college educated people are filling those jobs. + +As volatile as crypto might be, if you look in the long run, anyone who has held through the volatility has come out on top, and on top of inflation. + +&#x200B; + +https://preview.redd.it/3ac238w52h071.png?width=1600&format=png&auto=webp&s=3d216f6252e60a601b5e040d2fc50e000465c067 + +And it doesn't look like it's gonna stop yet. It even has a stock to flow similar to gold, and can store its value really well in the long run. Thanks in part to its scarcity. + +I've been in crypto for over 8 years. And I have been through crashes like we have now. I have been through the bear winters. But I have come out on top each time, and still managed to beat inflation despite all that. + +Bitcoin has those 4 years halving. It's built in. It's a unique cyclical function that you don't see in gold, or bonds, or the stock market. Even people who bought a top, if they held through those cycles, have come out higher. + +In a world where it gets harder to stay above inflation. Where you are essentially getting a pay cut every year when you don't get a raise. Where upward mobility is increasingly difficult. Crypto may just be the only thing we can rely on anymore. + +Crypto doesn't discriminate. It's not something for just the rich. It doesn't have restrictions. It just requires you to keep a cool head. Even someone in a developing country can benefit from crypto. + +At the end of day, crypto provides opportunity. + +And if it might be volatile in the short run. But keep in mind that there are no good or bad price action in a market. There is just opportunity. And chaos can provide more opportunity. +Warm ANZAC greetings 👍🏻 + +Hoping I might be able to get some opinions on an offering at a workplace I’m considering moving to. + +They offer deferred salary- that is, receive 80% of your salary for four years, then take your fifth year off and receive your standard (80%) pay that whole year. + +The disadvantages are you don’t earn any interest on that money, and if you pull out early you’ll be heavily taxed. + +The advantages are what you get paid in the fifth year is what you earned in the fourth year, not an average of all four years, so you make money off it, and you get 12 months off work with your job waiting for you when you get back. + +Not asking if you would do it - just asking if it makes good or bad financial sense? +Hi all + +I’m curious as to how much people are spending on living. Care to share? + +I spend about 3.1k per month on rent, bills, subscriptions, transport and food. I share a unit with 1 person and shoulder some of my parents’ bills. + +Would love to know how I compare out there. + +Thanks! + +Edit: if you’re living overseas, even better! Would love to know how it compares to Aus. +Hi All, + +&#x200B; + +I have just stumbled across this subreddit and it is perfect timing as I will be turning 25 in 6 months and thought it is better now than never to start looking into my future (i.e. investments and everything). Thinking of investing around 5K and then whatever I get back after tax. I am fairly new to all of this btw. + +&#x200B; + +I have read the barefoot investor and online blogs and started to listen to some podcasts, and a common trend I see is they recommend to invest in Index funds particularly Vanguard (VTSAX). However, I am unsure how to do this and am a bit confused. How do I go about buying index funds do I make a commsec and what do I look up to find the index funds? or do I go to the Vanguard website (i.e. [https://investor.vanguard.com/mutual-funds/profile/vtsax](https://investor.vanguard.com/mutual-funds/profile/vtsax) ) and sign up through them and do everything? I would also like to be able to automatically reinvest my dividends back into the company and buy shares, how do I go about doing this? + +&#x200B; + +A second thing, when I turned 18 my grandpa gave me the following shares as a present (have just left them along over the years). What are your thoughts on the shares, should I just keep them and keep getting the dividends or would I be better off selling some of them and reinvest them (i.e. index funds or something else)? + +&#x200B; + +Purchasing Shares (Note: this is what my grandpa paid for them) + +|Company|\# of Units|Price per share|Total Cost| +|:-|:-|:-|:-| +|Telstra|440|$4.50|$1,980.00| +|Bendigo|195|$10.12|$1,973.40| +|Westfarmers|100|$39.82|$3981.50| +|Coles|100|$00|$00 (got these for free when they split from westfarmers)| + +&#x200B; + +Current Selling Price (As of 14/06/2019) + +|Company|\# of Units|Selling Price per share|Total Sold| +|:-|:-|:-|:-| +|Telstra|440|$3.87|$1,702.80| +|Bendigo|195|$11.48|$2,238.60| +|Westfarmers|100|$35.66|$3,666.00| +|Coles|100|$13.01|$1,304.00| + +Edit 1: huge thanks to everyone that commented with helpful advice. I really appreciate it +I thought it should be good for markets (especially banks) as they can continue to borrow cheap money. Am I wrong to assume that if/when Feds raise the rates, we should see some downturn in the market? +The recent price jump after the IPO to about USD 30 means the company has a market cap of around 10 billion. IMHO, the company doesnt offer much value in the long-term as an independent company. + +The company is currently not profitable: Net Income of around -110m, profit margin of around -10% + +The company is a one-trick-pony: since it's founding about 10y ago, the company only offers one service, file storage solutions. + +The product is not really unique: I don't see a requirement that Dropbox meets that Microsoft OneDrive, Google Drive, etc. do not also meet. + +The company's competitors have deep pockets: Amazon (drive), Google (Drive), Microsoft (OneDrive) have much deeper war chests than Dropbox + +The company's competitors have eco-systems that they can leverage when positioning their cloud storage solutions: Amazon bundles their cloud storage to Amazon Prime, Microsoft can integrate MS Office well into OneDrive, etc. + +I would very much like to hear differing opinions that outline how and why Dropbox will become profitable and why it should be worth 10b or even more today. +I remember going to bed and we were sitting around $8k. Woke up the next morning and we were at $4k. Honestly wasn’t even phased (been in crypto since 2016; I was somewhat desensitized by that point) + +Remember everyone freaking out? I don’t, because we were back up just over a month later. With crypto in the spotlight again, the FUD is real and novice bitcoiners have a lot weaker hands than the hodlers + +Hodl strong people + +(Disclaimer; I am not an expert. Just someone who believes in the long term for bitcoin) +I thought it would be fun to see how everyone's net worth changed this year! + +For me, I'm almost exactly flat for the year, and I maxed out my 401k and Roth IRA lol. + +Edit: I recalculated and I'm actually up 5%. I forgot about an investment! + +How did everyone else do? + +Edit: Looking at my FI spreadsheet, this year basically just adds a year to how long I need to work. Bummer, but I'm sure there will be a big bull after this bear like always. Just hope it takes less than 7 years to recover/go up! +Since the next distribution is about to begin I was thinking to open the .csv file once and is see how many accounts have no moon address / reddit vault. This to my surprise has fallen larger than thought, **there are 14,255 accounts that have NO Reddit vault which is 32,2%.** + +* \- There are 44,301 accounts present in the .csv file so this is only valid for those who participated round 16. +* \- 30,046 accounts have a Reddit vault. +* \- **14,255** accounts do **NOT** have a Reddit vault. (32.2%) +* **263059 Karma of all accounts together.** + +I would like to put out a call to everyone, if you see anyone with no Reddit vault, please send this link and recommend they open one: [https://www.reddit.com/community-points/](https://www.reddit.com/community-points/) + +[32.2&#37; accounts don't have a Reddit vault...](https://preview.redd.it/oem86ccg7ak71.png?width=893&format=png&auto=webp&s=2ed2a2cabda4fd02bca34f7fd86514343b6cb23c) + +Stay safe! +\*Disclaimer I am not smart and my opinion is trash + +Sony is the most undervalued company on this planet. Sony is an 800lb gorilla sitting on multiple industries. Sony Music, Sony Studios, Sony Pictures, Playstation, Sony Electronics etc. It is impossible to enter any Entertainment industry without finding Sony staring back. In the Age of Media Sony is destined to reign supreme. + +**THE FUTURE IS BRIGHT.** + +\- Sony has essentially won the console wars, demand for the playstation 5 is rabid and unstoppable, held back by only supply issues. Once that gets resolved $SNE will have essentially a monopoly on home consoles. Microsoft doesn't even come close to amount of sales in the home space. + +\- There is no Sony Car, that would be stupid. The future of cars is entertainment vehicles filled with screens. Sony will be one of the most essential car suppliers in the future. They have decades in the electronics space, cameras, sensors, displays, media modules, speakers. If $BB is the bread of the auto space, $SNE will be the butter. + +\-In the worst case scenario, $SNE has a working EV platform that looks damn sexy that any small car company can license/purchase/use/share. Sony has begun testing them on roads. + +\- SNE won't enter the streaming space as another shitty streaming app. That is smart, SNE can focus on licensing and production their core strength. Why waste time and money on something saturated with competitors and users are unwilling to switch. + +\- The gold rush may have been filled with miners looking for gold, but the winners were the suppliers and merchants. This is the $SNE way. Let the fools look for gold, + +\*In millions of yen + +* Gained YOY .57 Trillion increase in cash and cash equivalents (20.24%) Gives room to experiment with new business models to possibly enter the EV space as a supplier +* In the last few quarters didn’t sell PS5s, but spent lots of R&D in it. +* Reduction of bad accounts receivables by 1/3rd. +* Sales for PS4 increased YOY -> convertible into PS5 sales +* Operating income from gaming almost doubled + * 64,987 -> 104,932 + * Gaming accounts for 23.2% -> 33% of income BEFORE PS5 SALES + * Pictures decreased by 20% + * Will recover after covid + * Decreased images/optics sales due to supply issues + * Decrease of 34.7% + * $SNE owns over 50% of the market share + * Previously YOY increase of 25% +* P/E ratio is still 14 despite stock price growth + * EPS last quarter $3.47 a **285.56% surprise** + * **Without PS5 sales** +* 10 Million ps4 sales previous Jn-Jn fiscal year +* PS5 sales 4.2 million since November. + * Expectations of 18 million YOY. + * Increased revenue from future game sales price being 10$ more than previous cycles. + * Clearly dominates the home console market globally. + * At one point 3,368,098 units, while the **Xbox Series X**/S **sold** 1,817,303. +* PS5 yields will increase over time assuming AMD can obtain increased capacity from TSMC. Increased yield and more mature production would also drive the cost of production lower to adjust for R&D. + +Tl;dr + +Key points: + +* Good chunk of cash to play with for innovating the EV supply side entry which would cover the sales cut from Huawei sales ban. +* PS5 Is a clear winner for this new generation of consoles, should dominate the home space. Increased market share and increased cost of games to 70$ should boost demand. +* Sony pictures is down but covid will end and they have a lot of big budget films pent up. +* Good growth from every other division besides image and pictures. +* Financial metrics show a undervalued P/E and even with current trajectory. +* Sony will probably Gorilla dick earnings next week. + +updated + +&#x200B; +&#x200B; + +[These are my 3 largest accounts. $ASTS on max margin. \~1M CAD YOLO with all my accounts combined. If this YOLO works, I will buy another Mikasa body pillow ;\)](https://preview.redd.it/sm7q7zrjywx91.png?width=628&format=png&auto=webp&s=b8bc5c96c12c3d7f3f18c0474bfd33c1afe75d79) +From Bloomberg's reporter on twitter: + + [https://twitter.com/MikeDorning/status/1177608866156154880](https://twitter.com/MikeDorning/status/1177608866156154880) +[Source](https://rsch.baml.com/access?q=JLQz8CGIkJs) + +**Key takeaways** + +* Data suggests that institutional announcements, inflows into GBTC, and miner reward cuts help drive Bitcoin prices +* The main argument for Bitcoin is not diversification, stable returns, or inflation protection, but sheer price appreciation +* Bitcoin CO2 emissions are the same as Greece's and rise in line with prices. Our ESG reading is low on E, and mixed on S & G + +## Bitcoin supply is artificially scarce, demand drives prices + +Just like in other commodities, supply and demand drive Bitcoin prices. But there are twists. Bitcoin output is capped at 21mn coins and supply growth halves every 4 years. It is designed to become increasingly constrained. So demand swings are key to price moves. Indeed, we show major institutional announcements and miner reward cuts have been followed by upward Bitcoin moves. Similarly, flows into the Grayscale Bitcoin Trust (GBTC) appear to lead weekly Bitcoin returns. A while ago, we argued a surge in trading liquidity was a key feature of the asset. Yet Bitcoin remains limited by its complex settlement process (crypto mining), and can just handle 14k transactions per hour relative to Visa's stated 236mn. + +## No good reason to own BTC unless you see prices going up + +Bitcoin has also become correlated to risk assets, it is not tied to inflation, and remains exceptionally volatile, making it impractical as a store of wealth or payments mechanism. As such, the main portfolio argument for holding Bitcoin is not diversification, stable returns, or inflation protection, but rather sheer price appreciation, a factor that depends on Bitcoin demand outpacing supply. Unlike other asset classes, our work shows liquidity bursts measured by the Amihud ratio caused positive Bitcoin returns. Average 10y Sharpe ratio for Bitcoin is about 1.3 despite stellar returns, compared to 1 for NDX. Plus Bitcoin returns are sensitive to increased dollar demand. A net inflow into Bitcoin of $93mn may result in a 1% price rise, while the analogue for gold is more than 20 times higher. + +## Our Bitcoin ESG read: low on E, mixed on S and G + +Few ESG providers factor Bitcoin exposure into ESG ratings. But its Environmental score is poor: the network emits today about 60mn tons of CO2, the same as Greece. Plus a $1bn fresh inflow into Bitcoin may cause CO2 to rise by the equivalent of 1.2mn ICE cars. As hash power today is mostly in coal-fired Xinjiang, a link between prices, energy demand & CO2 means Bitcoin is tied to Chinese coal. Should prices rise to $1mn, Bitcoin may turn into the world's 5th largest emitter, surpassing Japan. On Social &Governance issues, democratization of money and anonymity of ownership can be positive, as it is helpful in territories with corrupt financial systems and lowers costs by eliminating intermediaries. But negatives outweigh. Anonymity aids nefarious activities. Reprisk, an ESG tracker, found 181 companies faced risks linked to Bitcoin around money laundering, corruption, bribery, fraud, and breaches of data privacy. + +## CBDCs are kryptonite for crypto, but DeFi is intriguing + +A number of central banks (notably, the ECB) are talking about launching retail digital currencies that may use mainstream technology and operate on mainstream payment rails. Central Bank Digital Currencies (CBDCs) are aimed at protecting CBs against private sector stablecoins (such as Diem), as CBs view Bitcoin et al as (spec) assets, not currencies. Also, the growth of decentralized finance ("DeFi") shows the strength of Ethereum; its computational ability is vital to DeFi applications. Yet Ethereum has similarESG issues as Bitcoin, even if it may have better tools to tackle them. DeFi is interesting, but small and faces challenges in going mainstream. We think it hasn't a compelling lending proposition at present, and its diversification makes it challenging for the mass market. +If you haven't seen the chart please go look. This is the most lolsworthy shit I've ever seen. + +Since the futures its based on lost over 80% today I believe they are headed into a termination event. 19.8 based on the closing price is the termination price of the fund and the fund is under it sitting at a cool 10 + +Edit: based on this and other things in the market apparently everyone thinks there will be a vol short cover at open tomorrow. Everyone knows about it and the market makers will not get infront of it so expect offers to dry up and bids to sky rocket on vix related products +A lot of people are complaining that https://www.reddit.com/user/zanetackett is just giving out useless information. I think in a lot of ways this is true. But if we read into the words he is posting, there are actually some very important details that have been disclosed. + +The one I'd like to focus on is the BitGo relationship. BitGo is the company that scored a contract to provide Bitfinex with their multisig security system. You know, the one that is "100% secure". + +>BitGo handles user authentication, fraud detection, and policy verification before co-signing any transaction + +With BitGo being implemented with Bitfinex's systems, it would appear their sole responsibility would be to keep the site's Bitcoins safe. They do not provide a solution for Ethereum, Litecoin, or even USD. Just Bitcoin. You'll notice that the only assets stolen in this hack were... Bitcoins. + +So why is it that Bitfinex are in such a rush to absolve BitGo from responsibility in this hack? One of the most direct and meaningful things said by our friend https://www.reddit.com/user/zanetackett was: + +>We're still investigating the hack to figure out exactly how we were compromised, but it does look like it's on us. + +https://gyazo.com/736f1caefe64fa5ddb8a770eac315ee9 + +This was right as all the pandemonium began, August 2nd. Hours after the hack was discovered, Bitfinex had already decided that BitGo was not at fault. Now, take a step back and examine that. This is akin to buying a parachute for your son from a company that claimed to make 100% safe parachutes, him doing a skydive, and then splattering on the ground, and saying after only a cursory look at his corpse that it wasn't the parachute manufacturer's fault. + +This doesn't make any sense to me, unless the implementation of BitGo on Bitfinex was so horribly set up by Bitfinex, that it was blatantly obvious in only a few hours how this person broke in and stole 120,000 BTC, bypassing the entire security system of BitGo. However, this implies that BitGo had no assistance in the implementation of their technology with BitFinex. I find this incredibly hard to believe. For such a complex and critical client, I cannot fathom that BitGo left the implementation of its own systems entirely up to their client's developers. + +This situation just doesn't make sense. How can BitGo not be responsible? + +How is their product working as intended, if someone can steal $60M+ in Bitcoin through their "multisig" system. This is a screenshot from their website: https://gyazo.com/a3723d9c97ae954cce56aef604d819c5 + +How can they possibly say they provided those services before signing these transactions? +The Federal Reserve delivered the biggest hike in interest rates since 2000 and announced it would start shrinking its massive balance sheet next month, deploying the most aggressive tightening of monetary policy in decades to combat soaring inflation. + +The U.S. central bank’s policy-setting Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. It will begin allowing its holdings of Treasuries and mortgage-backed securities to decline in June at an initial combined monthly pace of $47.5 billion, stepping up over three months to $95 billion. + +You can read more here: + +[https://www.bloomberg.com/news/articles/2022-05-04/fed-hikes-rates-half-point-will-shrink-assets-to-curb-inflation](https://www.bloomberg.com/news/articles/2022-05-04/fed-hikes-rates-half-point-will-shrink-assets-to-curb-inflation) +Since I am after all posting in this forum it's simple to conclude that I'm interested in working in this field. The majority of my work experience was at a firm equivalent to Bloomberg and also a small private asset management firm. + +So, what do you recommend? Both require the same entry exams, both have the same entry requirements, both cost the same and are both at the same university. So, which do I go with here and why? +From searching the forum there doesn't seem to be a whole lot of information on leveraging fame (not superstardom, but a small following, especially within one's industry) + +I've had a few mentors of mine sing the praises of using personal branding on things like social media to really grow their businesses and produce unique opportunities for themselves. Hell, one of them is dating a model now who slid in his DMs. + +I can't help but look at Instagram profiles like christiansieber and investwithace and notice how social media has supercharged their own businesses. Ace in particular-- the main guy, Elliott, talks about he gets noticed in public and doesn't like it. The very next video he shares how the has gotten new investors and grown substantial side income; so the benefits are tangible. + +I know the quote about becoming rich first to see if you like it, before taking on fame. But the pervasiveness of social media as a platform in our daily lives that usurps *actual* social interaction is undeniable. + +Has anyone on FatFire utilized this strategy? If so, what are some of the precautions you take to protect yourself? For those that haven't, why? +Hi. + +I'm expecting a pretty large windfall in the months to come and FatFIREing is on the table. + + It's really time for me to get my shit together and do a better job at tracking my assets and my expenses. + +I have bank accounts in a few major banks + online banks, stocks in e-trade and others etc. + +I'm considering [mint.com](https://mint.com) but i find it pretty risky to give them all my credentials. + +What do you all use? +What's the point of a revocable living trust? Any brokerage account, whether it be a taxable or IRA with a named beneficiary usually skips probate, so what benefit is there to retitling your assets in the name of a revocable living trust? +My wife and I are definitely very fortunate in our careers - job income go forward puts us in the $500-750k/year range. We max our 401ks and have a bit of real estate and 529s for the kids but NW under $1M. Where would you deploy capital - real estate? RE syndications? Index funds and hope for 7%? Whole Life insurance policies? Was looking at buying businesses and have done some buying/selling of businesses in the past but the effort has been very high relative to the return. Trying to find a repeatable investment strategy I can commit to that throws off cashflow and does better than index funds. +I'm trying to decide on ETFS to invest in as this is my first time investing, but I'm sure which to choose and how to diversify. I'm mostly interested in long term holds. I've seen this sub talk a lot about XEQT but what I'm not sure what else I should choose or how to go about choosing. What's the difference between XEQT and VEQT or SPY and VOO, and why not just buy each of them? Should I also invest in Canadian banks, and if so, how do I choose which ones? What about dividend funds? +shop caught my attention for obvious reasons. + +upon wanting to short it, noticed one year options on both the long and short side costs a whopping 33%, which means we're banking on it going bankrupt in less than 6 years. This is not logical, cannot be shorted. shorting actual shares would be ludicrous due to these erratic movements. + +shop is a terrible investment for these reasons: + +1. canadian, every canadian success story eventually dies, except the bank and telecom, canada goose and lululemon. +2. 1.5 billion rev and 60 billion stock price means 40x p/s ratio which is ok because (lets assume best case scenario here) when one day it gets to a ratio where we have 40p/e, such as let's say something like 10b rev and 1.5b income. Competitors will pop and undercut like bamboo shoots. Which leads to my next point. +3. It is a glorified website designer that used to cost $500 a pop, now streamlined and nothing of its technology is proprietary, unique or protected in any way shape or form. See [staples.ca](https://staples.ca), anybody can make a website like that, and most people can make a page that designs website like that and charge substantially less than whatever a profitable going rate would be for shopify. + +Now it is not prudent to short the stock, because one cannot say with high conviction that it will bankrupt within six years, but you can't fool me, you are a terrible company riding on the easy money of this tech wave. + +Lastly, give me less than one billion, and I can make a company that makes sure both it and shopify never makes a dollar, ever. This cannot be said of for example, amazon. +Looking at the future, and cryptocurrency is all the rage (though that doesn't make it a good investment in itself). The more I look into it, crypto basically has the same intrinsic value as gold, which from an economic standpoint is only valuable because of rarity and demand. Can anyone recommend any reading materials? +I've recently started taking a more self directed approach to investing my funds, so I'm currently using my bank's platform. But is there any reason I should be paying $10/trade when there's other cheaper/free trading platforms available? What's the advantage? +Young investor starting out. I plan to add $500 each month to one of these for next 10 years. As a Canadian, should I do XEQT instead of VTI? Are there any tax implications? + +Also, can you advise what are the Canadian equivalents of $VOO/$SPY, $XLF, $XLE and $VTI? Thanks +The only ETF I currently hold is XEQT, but would like to add a small amount of one of the two ETFs listed. Any preferences? Is the overlap for one of them bigger when it comes to xeqt holdings? + +This is basically excess cash being deposited by banks. Some people have said that it’s not coming from banks….but YES it is. Money market funds still have to put their extra cash in banks! +Every time a share of GME is sold short by a hedge fund whether it’s an illegal naked short or a legal put, these hedge funds collect the money up Front!!! And we know they are not covering and they love FTD’s. So they have literally just been collecting money for a year or so to the tune of probably about $1.9 trillion +/- (probably +). I read that hedge funds put this extra $$$ in money market accounts bc it’s the safest place for it. BECAUSE the extra $$$ is really a liability to the hedge funds! So the money market funds end up with extra cash deposits into their banks…you follow yet? Yep then banks trade this extra cash for U.S. Treasuries! + +I have yet to read any argument that correctly disputes this. + +Thoughts??? + +EDIT: I keep seeing this get downvoted, which is only confirms that someone doesn’t want people to see this! FUCK YOU shills, fuck every hedge fund, fuck the sec, fuck the dtcc, and congress bc they are all corrupt! I’m a hardcore republican and I trust no one in any government position with any type of authority (and republicans are probably a bigger part of the corruption with Wall Street than democrats). + +Happy New Year! +Welcome to the Weekly Skeptics Discussion thread. The goal of this thread is to go against the norm by bringing people out of their comfort zones through focused on critical discussion only. It will be posted every Sunday and prioritized over the Daily General Discussion thread. + +- +*** +- + +**Guidelines:** + +* Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects. +* Refer topics such as price, gossip, events, etc to the [Daily General Discussion](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3AGeneral+Discussion&restrict_sr=on&sort=new&t=all) thread. +* Please report promotional top-level comments or shilling. +* Consider changing your comment sorting around to find more criticial discussion. Sorting by controversial might be a good choice. +* Share links to any high-quality critical content posted in the past week which was downvoted into obscurity. Try searching through the [*Skepticism* search listing](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3Askepticism&restrict_sr=on&sort=new&t=all) to find this kind of content. + +*** + +**Rules:** + +* All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. +* Discussion topics **must** be on topic, ie only related to critical discussion about cryptocurrency. Shilling or promotional top-level comments will be removed. For example, giving the current composition of your portfolio, asking for financial adivce, or stating you sold X coin for Y coin(shilling), will be removed. +* Karma and age requirements are in effect here. + +*** + +**Resources and Tools:** + +* Click the RES subscribe button below if you would like to be notified when comments are posted. +* Consider reading or contributing to r/CryptoWikis. r/CryptoWikis is the home subreddit for our CryptoWikis project. The objective is to give equal voice to pro and con opinions on all coins, businesses, etc involved with cryptocurrency. +* If you're looking for the Daily General Discussion thread, [click here](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3AGeneral+Discussion&restrict_sr=on&sort=new&t=all) and select the latest item in the search listing. + +*** + +Thank you in advance for your participation. +All of the detailed minutia of crypto is fascinating. Using native wallets, staking, airdrops, cold storage, etc is all great. But if you are trading in the hundreds, or even in the thousands....you really don't need to worry about all that. + +Between gas fees, human error, scams, and hackers, you will likely be better off just trading on an exchange, and there is nothing wrong with that. + +This community tends to hate on exchanges (not your keys, not your coins), but they do have legitimate use for the large majority of retail users who are just trying to throw a bit of extra cash into some investments. You don't need to panic if you have $500 of BTC on an exchange because you "don't own the keys" + +As long as you are using reputable companies like Coinbase and CDC (not you, Binance), you are not likely to have any issues. +So, I have been using Coinbase for over 3 years now and always enjoyed using their platform, but I was never expecting what happened to me with what I thought was one of the most trusted crypto exchanges in US. + +Long story short, I had made a transfer from KuCoin to Coinbase with USDC and apparently they do not like their customers using Hong Kong exchanges, so they send me an email that they are closing my account. I logged into my account immediately and was re-directed to a page where I had to transfer all of my funds outside of coinbase so they can proceed with closing my account, but only to find out 50-60% of my funds are missing. + +I emailed coinbase support and they replied that I had to login to my coinbase pro, because the rest of my funds were stuck there and I have to transfer them on my own to my coinbase wallets. The problem is anytime I login to my coinbase pro account, it redirects me to the same page always where I have to transfer my funds to other wallets and it does not show my missing funds on there. + +I explained to them what is happening and they kept replying back with almost the same emails as the previous ones "please login to your coinbase pro account" its like they are not even reading my email. + +I have sent 8 emails in which I explain to coinbase support what they have to do as I had found other users to be with the same problem as mine when their account were closed. Basically, **"if your Coinbase account gets closed and you have some funds (crypto or fiat) on Coinbase Pro, chances are you won’t be able to withdraw those funds right away. They have to manually transfer the funds to your Coinbase account so you could withdraw them."** + +The last email I received from coinbase was 12 days ago on 11/18/2020 and since then I had sent about 7-8 emails asking about my funds. They have caused me so much stress, I cant even explain it. Its traumatic when 50-60% of your investments are held by a company that is not responding to your questions for 12 days and here I am a believer in Bitcoin and crypto that one day we will make a better world, but if these kind of companies are running crypto, then we are in trouble. At least if I have a problem with my bank, there is always someone to help me. Coinbase support on the other hand, its like if there is a problem, don't expect coinbase support to help you, you are on your own. + +I have filed a complaint with FDIC, since most of my funds were in USD and I really did not want to go this route, but at this point I have no idea what else to do. +Throwaway account. + +I'm 30M and about to exit (c$35mm gross). I'm supposed to be happy but have felt pretty listless since agreeing the deal. I figure this is pretty common and know that I'm incredibly fortunate in so many ways to be in this position. The honest truth is that I'm feeling a lack of purpose already with so much of my identity linked to my company. I was probably already a bit lost and this event is just crystallising my feelings. I can literally do whatever I want (after my earn out) and there's something kinda scary about that coming at 30. + + +My question is to others that have been through this point - what helped you get through it (reading, thinking, travelling, etc?). How do you define your purpose as a HNW with no requirement to earn? +I have 3 commercial properties with a combined equity of 3.6mm throughout them. Someone I work with brought up how he purchased his vacation home with equity from his primary home and it worked out well for him. Would it be wise to take tap into 2.5mm of the commercial RE equity and purchase a new home outright without a mortgage? +The reason I don’t want to sell is because of future plans for developments on the properties. Currently all the properties have strong leases, cash flowing and appreciating. +I see the pros and cons to each but ultimately like the spontaneity that ownership allows for and the idea of building memories at _my_ place instead of _someone else’s_. + +With that said, the idea of maintaining and managing a second home is a little daunting and renting allows me to explore different places. +* Tesla (TSLA) reports Q2 earnings after the close Wednesday (\~4:10pm) +* Options are pricing an expected move of 12% by this Friday, just over half of the move expected over the next month, which is about 20%. +* The trading day following the prior earnings (in April) TSLA was higher by as much as +8.5% intraday before reversing and closing -2.5%. +* On the day following the last 4 earnings, TSLA stock has closed higher twice and lower twice. + +Here is the 1 month expected move chart for TSLA, with this Friday's expiration (via Options AI technology) highlighted (+/-11.6%): + +&#x200B; + +https://preview.redd.it/8exo5wkkjfc51.png?width=582&format=png&auto=webp&s=9dd04dcc0f9f2a55248845f35148635c3edf247b + +That's nearly $200 in either direction. The prior earnings in April, the stock had a $100 range intraday between its high and low (about 11%) but only closed down -2.5%. The most it moved in either direction that day was +8.5%. The stock then went sideways for a few weeks before launching higher in early June and nearly doubling. + +*Neutral* \- First let's look at neutral strategies that isolate the earnings itself, expiring this Friday: [Fly and Condor comparison](https://www.optionseye.com/content/images/2020/07/Screen-Shot-2020-07-22-at-7.37.02-AM.png) + +The fly is quite a lot of risk so we'll focus on the **Iron Condor**, which is 10 wide (the call spread and put spread are each 10 dollars wide, so risk is the total credit received from the 10). Here's how it looks on the chart, with breakevens set near the expected move: [Condor](https://www.optionseye.com/content/images/2020/07/Screen-Shot-2020-07-22-at-7.45.51-AM.png) + +*Educational note - The reason the max gain of a condor is the total credit received of both spreads, whereas the max risk is the width of 1 spread (the wider of the two if they are not equal width) is because the stock can only be beyond the range in one direction on expiration, not both. Therefore one side will always expire worthless, at max gain, even if the other side is max loss.* + +*Bullish* \- For those thinking directionally the expected move can be used to help determine strike selection. Here's some trades based on a bullish price target looking out a bit further in time beyond earnings, to August expiration. The bullish consensus is about $1930 in August: [Bullish trade comparison](https://www.optionseye.com/content/images/2020/07/Screen-Shot-2020-07-22-at-8.01.19-AM.png) + +Here's a closer look at the **long call spread** (+1590/-1910) to the expected move: [Call spread chart](https://www.optionseye.com/content/images/2020/07/Screen-Shot-2020-07-22-at-7.48.46-AM.png) + +The +1590/1910 call spread breaks even near $1687 in the stock. It costs about $97, which when looking at the individual strikes is "striking" because it is selling the 1910 calls at about the same price: [Strike comparison](https://www.optionseye.com/content/images/2020/07/Screen-Shot-2020-07-22-at-7.57.30-AM.png) + +In other words, a call spread to $1910 can be bought for about the same price as buying the 1910 call outright. That breakeven is lower in the stock by more than $300. ($1687 vs $2007). + +Let's now zoom in on the bullish **short put spread** (-1590/+1270): [Short put spread chart](https://www.optionseye.com/content/images/2020/07/Screen-Shot-2020-07-22-at-8.00.52-AM.png) + +This is a high probability trade, that needs to risk more to make less. For those concerned about a collapse of implied volatility following an earnings event short spreads can be a way to express a directional bias while also selling vol. + +*Bearish -* Going the other direction in August, (bearish expected move about $1275) we can see these trades, via Options AI technology: [Bearish trade comparison](https://www.optionseye.com/content/images/2020/07/Screen-Shot-2020-07-22-at-8.10.45-AM.png) + +We see the bearish **short call spread** is on the other side of the advantage of the bullish long call spread above. It has to buy that really far out of the money call (1920 strike) to define its risk. But those calls are really bid up and a high implied vol, which severely damages its risk-reward profile. (It is selling an at the money call at a lower vol than it is buying its out of the money call.) + +The **long put spread** (+1600/-1285) has a much lower breakeven, and therefore a worse probability of profit, but it does not have the same issues of unfavorable IV skew as the short call spread above. + +Also, the strikes of that spread can be moved to make the put spread a bit more in the money, moving the breakeven closer to where the stock is trading, and taking advantage of the skew on the upside strikes: [ITM put spread](https://www.optionseye.com/content/images/2020/07/Screen-Shot-2020-07-22-at-8.19.27-AM.png) + +Tesla is likely to move a lot today before the event so exact strikes will change, but the overall percentage expected move should be roughly the same for all these examples. + +Full post [here](https://www.optionseye.com/tesla-earnings-preview-expected-move-directional-and-neutral-spreads-tsla/). +After reading all these theories about an upcoming fake squeeze I wanted to clarify something (also to myself). As far as I understand that's not how margin calls work, they can't let the price rise to 5 digits only to let it fall back down and pretend it's all over. + +If the price goes up to 300-400 and then goes back down, would anyone who got themselves in this at this point believe it was the MOASS. I doubt it. I doubt anyone would even flinch. + +Letting the price rise is like setting fire to a gasoline soaked house and then hoping to extinguish it before the flames get out of control. +Is anyone else in a position to purchase a property to live in but deciding not to and to keep renting instead and, if so, why? I have a resonable deposit and steady job but for the foreseeable future I think I'm going to just rent and focus on buying shares. +I'm single, so a mortgage seems a huge and a bit scary thing to take on on my own is one of the main reasons but also I am not quite sure where I'd like to live and if I bought, unlike renting it's a lot harder to decide, "whelp, not really keen on this area any more, guess I'll move". +Though sometimes I think being a life-long renter might be less than ideal, especially when I'm older. Right now, I'm 36. Also if I put off buying for another decade, will it be harder to get a loan at say, 46? +Hi AusFinance, + +As the title suggests I’ve recently decided to leave the FIFO lifestyle to pursue a career where I am home full time. However, due to the massive pay cut I am a little stressed as to what next year holds with regards to interest rate rises, inflation etc. The FIFO job was a 2/1 roster on 180k before tax including super. The new job is a 4 year traineeship starting on 70k working up to around 120k. I have a house with my partner, no kids or animals. Mortgage is variable $2600 a month with 490k left and 20k in offset. No other debt. I know I should have more in the offset with the salary I was on, but I have been smashing renovations around the house as I purchased a run down house with those intentions. + +I feel like I’m doing the right thing long term as I am starting a career which will give me a qualification and allow me to return home every night whilst the FIFO job was paying well but getting me nowhere in 10 years. But I am still stressed with inflation and interest rate rises next year and feel like things are going to get pretty tight being on such a small salary. + +How many others are in similar scenarios and what are you doing planning ahead?? +I was doing some tax documents this afternoon and started to reflect on my investing performance over the past few years. I'm 25 now, when I started my first job right of out university at 22 I had no idea what to do with the money I was earning. I ended up investing (gambling) on ASX penny stocks, and actually got really lucky... at first. + +My first "win" was AVZ, a lithium mining company based in the Congo. I put my first $10,000 from my job into it with no research other than believing the hype on HotCopper. I rode it all the way to $50,000! At 22 this made me feel like the king of the world, and I got addicted to that thrill of finding the next winner. If I could pull the same trick a few times in a row, I would be a millionaire within a year! + +Over the next two years, I would steadily erode that $40,000 total gain into a $15,000 total loss. I speculated on everything from a gold mining company in Brazil, to a cobalt explorer in Namibia, to exchange rate futures in the United States, to biotechs, and on and on... + +In February 2020, three years after the beginning of my investment journey, I reached a point where I accepted I had a problem. I wasn't an "investor", I was a gambler. I looked at people who put their life savings into slot machines at the casino with disdain, and then realised I was exactly like them. I sold everything I still had in the share market and did some research into the financial independence retire early (FIRE) movement. I accepted there was no shortcut to riches, I would have to earn and save just like everyone else. + +Now I'm here looking at this $15,000 loss and wondering, how badly did I screw up? Is this something that has happened to other people as well? I'd like to hear your experiences so I don't feel like such a moron :( + +Today, I have a portfolio of VEU, IVV, and A200. Funnily enough, I had my own personal financial crisis just before COVID-19 hit, enabling me to buy these three ETFs right after their prices collapsed. That softened the blow somewhat. + +**TLDR: I was a moron during my first three years of earning and "investing", and turned a $40,000 gain into a $15,000 loss by betting on penny stocks. How bad did I screw up? Has something similar happened to you?** +[https://www.realestate.com.au/news/sydney-auctions-uninhabitable-terrace-needing-massive-repairs-sells-for-nearly-3m/?page=rea:news:post&element=traffic\_driver\_1|slot\_4](https://www.realestate.com.au/news/sydney-auctions-uninhabitable-terrace-needing-massive-repairs-sells-for-nearly-3m/?page=rea:news:post&element=traffic_driver_1|slot_4) + +I get that the property market is red hot right now, but this seems ridiculous. + +Quotes from the article: + +* The vendors pocketed $790,000 over their reserve. +* Requiring about $1 million in repairs +* The hammer dropped at $2.99 million +* A fully renovated home in the area would probably be worth $4 million + +Obviously a great result for the vendor. + +Sold for basically $3m. Needs $1m in repairs. Will be worth $4m once repaired. + +So .... a labour of love for someone? + +Otherwise after fees and stamp duty you will be well behind if you want to flip. +**Note: This article was copied from [my medium article](https://medium.com/@jshocrypto/my-5-favorite-coins-under-5-million-market-cap-16c7004cdec8) and then formatted for Reddit. For the best reading experience [please read on medium](https://medium.com/@jshocrypto/my-5-favorite-coins-under-5-million-market-cap-16c7004cdec8). However, I wanted to format it for reddit so people could read it here on Reddit if they preferred. ** + +&nbsp; + +In this article, I will be sharing with you my 5 favorite coins that are currently sitting under a $5 million market cap. Before we get into things, I first want to cover all of my bases and say this is not investment advice. Please do your own research before making any investments. The coins I will be sharing are much riskier investments, so make sure to #DYOR. + +&nbsp; + +Please keep in mind that these are all very risky investments and are not your $100 million + projects. These are high risk and high reward projects that will require you to do your own research. These investments aren't for everybody, but I wanted to share with you my thoughts on these coins. + +&nbsp; + +Please [follow me on Twitter](https://twitter.com/jshocrypto) for more updates, articles, and my thoughts on various other crypto related topics. + +&nbsp; + +****** + +&nbsp; + +## 1. EquiTrader (EQT): $3.6 Million Market Cap + +This is my favorite project that is currently under a $5 million market cap. EquiTrader is a social platform for traders where they can share their ideas and get rewarded by the community. EQT comes equipped with trading charts, indicators, trading tools and other features which will make it easy to make technical analysis. You will also have the ability to shadow other traders and make automatic trades based on what they do. + +&nbsp; + +### Why I Like EquiTrader + +There are a lot of reasons why I’m bullish on EQT, the main ones our outlined below: + +&nbsp; + +**Perfect Product for Crypto** + +&nbsp; + +Having a social platform where traders can share their investment analysis and then get rewarded is a perfect concept for this market. I think that a lot of the major crypto influencers will get on this platform and utilize it, which will then in turn help EQT get bigger. Once the platform is up and running the “crypto OGs” will do a lot of the heavy lifting when it comes to marketing because it benefits them too. I’m a big fan of any crypto project where their main audience is the crypto market. This is an easy foot in the door and will allow the project to gain traction much quicker. I think EQT will do this as well. + +&nbsp; + +**Recently Acquired by a Major Crypto Influencer** + +&nbsp; + +It was recently announced that EquiTrader was acquired by Aluna.Social, which is a company owned by Alvin Lee (https://twitter.com/onemanatatime). Having a big player behind the platform will be extremely beneficial once the platform is launched and he can start promoting it. Plus this adds a lot of credibility behind the project as well. I’m a BIG fan of this news. + +&nbsp; + +**Many Upcoming Catalysts on Roadmap** + +&nbsp; + +Public release of the EQT platform is planned for Q4 of this year and I’d expect a lot of traction to start at this point. In Q1 of 2018 they will release the iOS and Android apps, Q2 the beta of the social trading platform will be released (huge news) and then in Q3 the social trading platform will be released to the public. +We have at least a whole year of upcoming catalysts that will all have a major impact on the price. + +&nbsp; + +**Currently Only Trading on Coin Exchange** + +&nbsp; + +At this point you can only buy EQT on Coinexchange.io. It was listed on Cryptopia previously but when they did a coin swap they were removed. Why is this a good thing? The EQT team is in discussion with Cryptopia to be added now that the swap has been completed. Once this happens I’d expect a major pump. This will happen very soon so the major discount that EQT is currently trading at probably won’t last long. + +&nbsp; + +**Proof of Stake: 30% per Year Returns** + +&nbsp; + +As mentioned above, they recently did a coin swap and went from a PoW chain to a PoS one where you can get 30% annual returns from staking. This is an awesome return. I have already seen some great returns from staking. + +&nbsp; + +### What I Don’t Like + +The biggest complaint I have about EQT is the small issue and delay they have had doing the coin swap. Before the coin swap they told everyone to move their coins to CoinExchange.io and the swap would happen automatically, which worked great for those who followed the instructions. However, there are a lot of people that didn’t do this and now they are having to manually swap these coins. This has caused a long delay in terms of being relisted on Cryptopia, which in turn has hurt the price. This isn’t a huge deal, but it is a small complaint I have. + +&nbsp; + +### Investment Potential + +With a lot of catalysts on the roadmap until 2019, the potential of EquiTrader is hard to predict. However, I think a 10x from here, which would make the market cap only $34 million, is a very real possibility within 3 months. Even after a 10x, I still think it could get closer to $75 million before it would be getting close to what I think it should be valued at. As you can see, I think there is a lot of room for EQT to grow and I’m expecting it to do just that. + +&nbsp; + +## 2. Hush (HUSH): $1.1 Million Market Cap + +Hush is a very, very close second when it comes to my top 5 favorite projects under $5 million market cap. This project might have the most potential out of all of the coins in this list too. Hush is an anonymous coin that utilizes the Zerocash protocol that is forked from Zcash. There are quite a few Zcash forks out there, but this is the best one in my opinion (and the cheapest). It is a fairly new coin that launched in July 2017 so there have only been a few months worth of development. + +&nbsp; + +### Why I Like Hush + +There is a lot to like about Hush and the reasons are explained below. + +&nbsp; + +**One of the Best Anon Coins** + +&nbsp; + +Hush is a fork of Zcash but without the founders reward, which is the only major knock of Zcash. So without the founders reward it becomes a top notch anon coin tech wise. There are other Zcash forks out there, but none of them are sitting at this low of a market cap, which creates a huge opportunity for Hush. A very similar coin to Hush is ZenCash, which currently sits at a $14 million market cap, is another Zcash fork without some of the features of Hush. Combine all of this with the major pump all anon coins have been going through lately and Hush is looking prime. + +&nbsp; + +**Great Team** + +&nbsp; + +One of the members of the Zcash dev team, David Mercer, is now the lead dev for Hush. This is huge. Not only is he the lead dev but he is also working full time on Hush, which means all of the promised features on the roadmap will have a good shot at being completed. Along with the lead dev, there are 6 total team members. The size and talent on this team is practically unheard for a coin with such a small market cap. This is a major reason for me being bullish. I know that this team will get things done, which is all you can ask from a team. + +&nbsp; + +**Counterparty on Hush** + +&nbsp; + +This is the biggest reason I like Hush so much. They are planning on porting Counterparty to Hush and this will allow people to create Counterparty based assets with the security of Hush. They are also planning on having these assets being compatible with Ethereum smart contracts. These are killer features that make Hush a unique project. + +&nbsp; + +**Only Trading on Cryptopia** + +&nbsp; + +At this moment the only place to purchase HUSH is on Cryptopia. The Hush team has confirmed they have been in contact with Bittrex and I don’t think it’ll be long before they are added. Take advantage of it being only on Cryptopia before it gets added to other exchanges, once that happens the price is going to take off. + +&nbsp; + +### What I Don’t Like + +The major knock on Hush is their marketing. They are not putting much effort into spreading awareness. Their reasoning behind this is that they feel like they don’t have a finished product to market yet and that good tech will eventually win out. I like seeing a team that prides themselves on the tech of their project, but at some point they are going to have to start marketing it. Marketing plays a huge role in crypto. With all of that being said, I’m not complaining because it gives me more time to accumulate at these low prices. The only way people find Hush is from actually doing their own research. You won’t find it being shilled much on twitter because no one really knows about it. This will probably be changing in the near future. + +&nbsp; + +### Investment Potential + +The $1.1 million market cap it is currently sitting at is almost funny. I can’t believe it is so low. This coin should be sitting at an easy $10 million market cap SOLELY based off of what the project currently is. Factor in some of the upcoming features such as the Counterparty port and a standalone HUSH messenger and I think Hush could be worth at least $50 million in 6–12 months, if not higher. The reason I say it could be higher is because of the dev team. I’m very confident in the team and believe that in 12 months from now they will be working on features that will blow the current features out of the water. + +&nbsp; + +## 3. Tokes (TKS): $1.8 Million Market Cap + +Coming in at 3rd in my top 5 is a coin called Tokes. I’m a big fan and this is one of my long term plays that I think will be worth a ton in a few years time. This isn’t going to be a 10x coin in 2 months, but in 2 years it very well may be a 100x coin. Keep that in mind while reading. Tokes is a Waves based asset that is geared towards the marijuana business. They are looking to help businesses handle their money and provide a better payment solution for both consumers and businesses. They are also doing a few other really interesting things in this space and I will explain why I like Tokes in the next section. + +&nbsp; + +### Why I Like Tokes + +Tokes is a coin based around the marijuana business, but it does much more than the other pot coins out there. Tokes is looking to actually solve real world issues in the marijuana business and has partnerships with major players in their area. I will touch more on all of these things, but I want to make ti clear this isn’t just a “pot currency”. + +&nbsp; + +**Provides a Fiat Gateway** + +&nbsp; + +A major issue for marijuana businesses is that they are forced to operate as a cash-only business due to the federal laws that make banks not want to work with them. This is a major problem within the cannabis industry and Tokes is trying to solve this by creating a fiat gateway. Tokes allows for cash to be converted to TKS and vice versa so that it can stored electronically without the need to carry cash around. They also offer no fiat volatility risk because of their pegging system. This means that the $100,000 of cash they turn into TKS will remain $100,000 when they withdraw it. This is a major issue that is being solved by Tokes and gives their project immediate value and use cases. Keep in mind that this is something they are working on implementing and hasn’t actually been developed yet. + +&nbsp; + +**Major Partnerships Secured** + +&nbsp; + +Tokes is located in Las Vegas, where marijuana laws are some of the most lenient, and they have been hard at work building relationships and partnerships with the marijuana businesses in that area. Some of their partnerships are as follows: + +&nbsp; + +Pisos: A dispensary in Vegas that is their first partner in their pilot program +Herbology Tours: Tokes purchased a 10% ownership stake in this company. More on this in a minute. +Cannabis Delivery Startup in California: Payment integration into their mobile app + +&nbsp; + +Tokes purchased a 10% ownership stake in a Las Vegas cannabis tourism company and this has a couple of really cool benefits. First, it gives Tokes a foot in the door with a marijuana company where they can start integrating and testing their system. Second, it’s a great way to get their name out there and start spreading awareness. This will go a long way to help both consumer and business adoption. The last major benefit of this ownership stake is that they will get 10% of all of the revenue from Herbology Tours, which will be used to help grow Tokes. This revenue will also be used as a way to potentially buy and burn coins (more in the next section). + +&nbsp; + +**Revenue Used to Burn Coins** + +&nbsp; + +Tokes plans on getting into other aspects of the marijuana business and portions of this revenue will possibly be used to buy and then burn the coins, thus decreasing the supply. The revenue that they generate from their 10% ownership stake in Herbology Tours will also be used to burn coins. +Im a big fan of coins that burn their own supply and the markets go crazy when this happens (See $TRIG and $DAR). It’s worth noting that they are planning on burning coins with revenue, but it is not 100% concrete yet. + +&nbsp; + +**Great Roadmap** + +&nbsp; + +Their roadmap extends all the way into Q4 of 2018, which is good to see. There are also a lot of good things to look forward to and a lot of catalyst that should help the price increase along the way. Check out the roadmap [here](https://imgur.com/a/v6X53) + +&nbsp; + +### What I Don’t Like + +The biggest issue I have with Tokes is their supply problem they have. Currently, there are only around 960k in circulation out of the total supply of 50 million (according to Coin Market Cap). The founders currently own the remaining ~40 million tokens. The good news is they are actively trying to solve this issue and release these tokens in a way that won’t hurt the price. One of the main ways they hope to remedy this situation is by putting all of the tokens in a smart contract and distributing it during a 3 year period. You can read more about their plans here. + +&nbsp; + +I’m not a big fan of the current supply issues, but I think the founders are on the ball on this issue and will figure it our without too many problems. +Investment Potential I really like the fact that Tokes solves a real issue by providing a store of value for cannabis businesses and allowing them to move away from cash only operations. This has so much value. Combine that with their current partnerships, pilot program and their upcoming roadmap and Tokes looks like a real good long term investment. + +&nbsp; + +Where Tokes could really see their value skyrocket is after they get a foothold in Las Vegas and establish their name in the cannabis industry, they will be the first company other cannabis companies call once their states become legal. Like I mentioned before, this is a longer term play but could be huge in a few years time. In the short term, I think they could easily get to ~$25 million just based off of continuing to lock in partnerships, releasing their mobile app and solving their supply issues. + +&nbsp; + +## 4. SmartCash (SMART): $2.5 Million Market Cap + +Coming in at 4th on my list is SmartCash. SmartCash is a fork of Zcoin, but it has a some of the same features as Dash along with a few unqiue twists that makes this coin very undervalued. The coin itself was started less than 3 months ago, so the project itself is still very new. + +&nbsp; + +### Why I Like SmartCash + +Any anon coins right now that haven’t pumped yet are of interest to me. It seems like everyday a new anon coin is pumping and the fact that SmartCash hasn’t yet is appealing. Not only has the coin not pumped yet, but it has a super small market cap and is a better coin than the majority of the other anon coins out there. Aside from it being an anon coin, the following reasons are why I like this project. + +&nbsp; + +**Insane Staking with SmartRewards** + +&nbsp; + +This is a major reason for this coin being in my top 5. They have a cool feature called SmartRewards which is a way for people that hold their coins in their wallet to get rewarded. The only requirements are that you must have at least 1000 coins and hold them for at least a month, starting on the 25th of each month. For example, you transfer 5,000 coins on September 16th then you would be rewarded on October 25th. Since this coin is so new, there has only been one completed round of payouts so far. During this first round each person eligible made 400% returns. Example, if you had 1,000 coins in there then you would have been paid 4,000 coins! + +&nbsp; + +400% is insane and for this second round of payouts things are a little less extreme. At the time of writing this (halfway through the month) the current estimated payout is going to be 37%, still not bad at all! This numbers goes up as the month goes on and less addresses become eligible. +The reason for the drop off is because there are more eligible addresses than the first round. These rewards are funded by taking 15% of all of the coins mined from each block and then on the 25th of each month are distributed to addresses that hold at least 1000 coins. Not only are the returns very good, but this is also a great strategy to lock up coins and keep the price from dropping too much. SmartRewards is a huge reason for me being in this coin and I think it will be very popular once more people find out about it. + +&nbsp; + +**Great Funding System** + +I’m a big fan of their funding system and how they split the block reward. Their funding structure is as follows: + +&nbsp; + +* 80% Community +* 15% SmartRewards +* 5% Miners + +&nbsp; + +Of the 80% allocated to the community, 70% of it goes to the community treasury and 30% of it goes to funding the team. I like the reversed model they have of paying the community the bulk of the rewards and the miners the least. I think this is a good way to get people involved and help grow the coin via community funded projects. + +&nbsp; + +**Governance System** + +With a large chunk of all coins mined going towards community treasury it gives the community a lot of coins to use on various proposals that will be voted on by the community. These proposals can be pretty much anything helping the coin grow and the community gets to determine if it is a good idea or not. Each vote is equal to 1 smart cash. + +&nbsp; + +As of writing this, there have been 3 community proposals that have been funded. Those 3 include: + +&nbsp; + +* Venezuela Food + Marketing Campaign: 2.8 million SmartCash +* SmartCash Cryptocurrency & Entrepreneurship Weekend: 349,999 SmartCash +* Twitter Header Image Campaign: 50k SmartCash + +&nbsp; + +As the community gets larger, I’d expect the number and quality of proposals to improve and then we will really get to see the benefits of this funding system. + +&nbsp; + +**Instant Transactions via InstantPay** + +&nbsp; + +This is a feature that is going to be implemented in the near future and would allow for near instant transactions. This is crucial to have if you are trying to be a coin that is used for everyday purchases, which SmartCash is trying to do. + +&nbsp; + +**Not on any Major Exchanges** + +&nbsp; + +Currently, the exchange with the largest volume where you can buy SmartCash is Stocks.Exchange and Cryptopia. Whenever Bittrex or Poloniex get around to adding this coin there should be a nice pump. Now is the time to accumulate! + +&nbsp; + +### What I Don’t Like + +I’m not a fan of coins with a large supply of coins and SmartCash has 5 billion coins as its max supply (451 million circulating). The idea behind having so many coins was to become the everyday coin that is used and its easier if people are paying in a small amounts. I get the idea behind it, but I would still prefer a coin with a smaller supply. + +&nbsp; + +### Investment Potential + +This coin is still fairly new and a lot of people have still never heard of this coin. I think as more people become aware of SmartRewards and the insane monthly returns that people will start to flow into this coin. Couple that with things such as masternodes (coming soon), InstantPay, a functioning governance system, and anonymous transactions and you have a severely undervalued coin at $2.5 million. Short term potential for this coin is at least $10 million market cap, but $25 million within a few months is completely reasonable. This coin has all of the characteristics of coins that are worth hundreds of millions of dollars so I don’t plan on selling this coin for a while. + +&nbsp; + +## 5. Crypto Bullion (CBX): $1.3 Million Market Cap + +Last but not least we have Crypto Bullion, which currently has a market cap of $1.3 million. This coin was originally developed in 2013 but has seen recent improvements that have made it a great dark horse pick. This coin is a 100% proof of stake coin that was originally created as a way to store value with a yearly interest rate of 2%. as mentioned above, it has become way more than this with the new developments that are currently under way. Let’s take a look at why I like this coin. + +&nbsp; + +### Why I Like Crypto Bullion + +Crypto Bullion will be having a hard fork before the end of the month where they will be implementing quite a few new features that I think takes this coin to the next level. Some of these features are as follows: + +&nbsp; + +**Masterbodes are Coming** + +&nbsp; + +Once the hard fork occurs, masternodes will be coming to CBX along with Zerocoin anonymity. Once the masternodes have been implented it will make CBX one of the cheapest masternode coins on the market. These masternodes will earn roughly 9% — 18% yearly plus any of the fees they make from transactions. It will cost 2,000 coins to run your own masternode, which is currently around $2,000. + +&nbsp; + +**Solid Roadmap** + +&nbsp; + +They have a very solid 2017 roadmap leading into 2018 and they are planning on releasing a 2018 roadmap once this one is completed. I would expect a lot of cool new features to be added on the next roadmap. See their roadmap [here](https://imgur.com/a/WdXly) + +&nbsp; + +**New Wallet Being Released** + +&nbsp; + +They are currently putting the final touches on a new wallet and getting ready for the hardfork. All of this should be happening by the end of September. + +&nbsp; + +**Low Supply** + +&nbsp; + +As of right now, there are only around 1 million coins with a very low inflation rate of 2% per year. With staking, you would make around 6% per year in interest. This means the coins are rare and scarce. + +&nbsp; + +### What I Don’t Like + +From what I have seen, the communication from the dev is subpar and you can be left in the dark at times. Also, even though they have some cool features in the pipeline, they aren’t really bringing anything new to the market. + +&nbsp; + +### Investment Potential + +I think CBX has built itself a nice little niche with becoming a true store of wealth, unlike Bitcoin, and that fact alone should make it worth more than its current market cap. However, with the upcoming hardfork that will bring masternodes and a new wallet we should see a lot more investor interested in this coin. +I’m holding this coin until at least a $10 million market cap and probably even longer depending on what kind of developments happen in the meantime. + +&nbsp; + +##Honorable Mentions + +I’m not going to dive deep into any of these coins below, but they are worth mentioning. + +&nbsp; + +* Circuits of Value (COVAL): $4.6 million market cap +* Zoin (ZOI): $524k market cap +* Terracoin (TRC): $2.5 million market cap +* AdShares (ADST): $1.6 million market cap +* Linx (LINX): $557k market cap + +&nbsp; + +##Wrapping this Up + +That is going to bring this article to an end. I hope you enjoyed reading and found a coin or two that might interest you. These 5 coins are all coins that I will be holding for nothing less than 10x each, probably even more. These are not your “safe investment” coins by a long stretch, but if you’re looking for some high risk/high reward coins then these might be of interest to you. I’d love to know what coins you are all fans of that I didn’t put on the list. Please share in the comments below. Thanks for reading and if you enjoyed this article [please follow me on medium](https://medium.com/@jshocrypto/) for more posts! + + +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +As the title says, I've got 10k looking pretty in the bank but I'm not going to live through this decade because of a health problem that's been dogging me since I was born; I don't care if I lose it all, what can I do to have the highest chance of making the most over the course of a year or two? There are a lot of things I want to do before I die and 10k isn't enough for half of them. + + +Edit: Thanks for the tips and laughs, y'all. I've never been much of a redditor but you're a fine ass group of gentlebros. +The readers of this subreddit all seem to have high savings rate exceeding 70%. Given the nature of the math, an increase in savings rate from 50% to 75% is much larger than the difference from 50% and 25%. Thus someone saving 25% and 75% has a difference of 25 working years. Since saving rates are so high for many of you and by extension have the ability to retire much sooner, do you continue to play the career game? + +What I mean by this is adding additional education, certifications and job-hopping in order to increase one's lifetime career income. OR do you simply say forget it and coast by with the job you have? Assuming we accept work drudgery as a necessity to the path of FI there are only 3 ways to achieve this + +1. Continue to be in a high stress high income job to reduce our time spent working +2. Pursue certifications, MBA's, post secondary education and job hop to land a higher paying position +3. Move to low stress/slacker job with lower income and thus extending one's time to journey of FI + +I ask because I face a predicament at work during my annual review. In the financial space, my boss had added that it is "highly encouraged" to complete the CFA program since everyone else is doing it. He also encouraged me to look into obtaining a masters down the road. Considering there are 3 levels and roughly 250 hours of study for each level - and the only benefit of this piece of certification is more work I'm not sure if it's worth pursuing to boost one's income? I estimate I can leave in 8-10 years and if I should coast through my current job or obtain meaningless certifications to boost ones income. + + + +If I search under new in the last 3 hours there are like 20 posts, mostly reposts from 2,3 days ago. +Than if I search under hot or best I got posts with 30,40 upvotes the top post having 150 upvotes. +The problem I have lately I’m searching mostly by new to get some good post but this sub is definable acting strange lately . + +Yesterday there was a post made by an ape about Etoro forcing him to sell his shares and close his account in 3 days but it got only 100upvotes in one day and didn’t gain traction . The post seems legit with pics of the emails between him and the broker. +I don’t understand how come a post like this has no traction on this sub. + +Any other apes having problems with this sub or I’m going loco??? + +Edit: u/-jimmyg please give him some upvotes for more visibility . + + +Edit: Guys here is my problem , I was never good at karma farming and if you check my karma I never tried , but this post has 400 upvotes in 2 hours while poor Jimmy’s who gut fucked big time by etoro posted like 24h ago has 120 upvotes. + +Imagine etoro liquidating all the GME position at the same time how fucked up that will be, exactly how they gave Jimmy a three day notice to close his account. + +His post is more important than this one but it has no visibility!!! +Hey everyone, this message is aimed to the daily news anchorman u/rensole . + +In today news Rensole posted an opinion that a lot of people were against, i will not discuss that opinion because it’s not the point of this post. + +If u/rensole is reading this please listen to my tough, isn’t separating the community and making the top contributors reputation go down what the real SHILLS really want? + +Maybe they saw an opportunity to fuel hate forwards your way and trying to get you to quit and at the same time making people discredit you for all the work you’ve done. + +Think about the UNION the KEEPING TOGHETER (the community not a group of investors) and all the work you’ve been trough in this FIGHT, not only in r/superstonk but also in r/gme ... + + +PLEASE RECONSIDER AND DON’T LEAVE THE BOAT! + +Maybe you can reduce the posting, and instead of being a daily thing you post 3/4 times a week instead.. + +Just saying a lot of people look forward to your daily’s post and the shills would love to see that go! + +Saying all that, have an amazing day everyone 🦍🚀 +Now with karma farming on this subreddit having monetary gain, people have started exploiting this sub to make money and it's only going to get worse. Create multiple accounts, post on reddit with all these accounts and just upvote all your accounts. + +In order to counteract this, mods need to ban users who post low effort comments and posts. Or better yet, change how moons are distributed so it doesnt incentivize spamming and exploitation. +I have been a homeowner for a year and a half now. After mortgage, insurance, taxes and utilities half of my monthly income goes just to my house. I have a car payment and some debts from a failed business venture that I am still paying for as well. After all my bills, debt payments and necessities I have an extra $100 a month give or take. It seems like the smart thing to do would be to sell the house and move in with family for awhile. I can pay off my debts and then follow my dream of moving West. + +I feel like so many people work towards home ownership but I feel like its not all its cracked up to be. I feel crazy for wanting to sell my house because so many people wish they owned a home. I am hoping anyone on here has felt similar or someone can give me some advice or reassurance. + +Thanks +Hi everyone, I've been lurking here for a while now, and as I transition from mainly long positions into options selling. I am having a difficult time developing a portfolio that has both long exposure in value stocks while implementing a theta-centered approach to options. + +Would anyone care to share what percentage of their portfolio is tied up in stock vs option contracts vs cash? +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. +Anyone playing PLTR? I sold CSP 24.5c 2/26 but in all honesty I’m hoping to get assigned. Anyone else doing the same play? Or what’s your PLTR entry play? + +I also added to my CRSR position +My retirement account portfolio one year return is around -10%. FB is 15% of my portfolio and is down about 45% from my purchase price. I am contemplating to sell the FB stock at $180 and buy Jun 16, 2023 Calls for $37 for the same number of stocks. I am bullish on FB over one year period, but feel like it is going to be sideways until macro conditions improve. Is this a good move to go against thetagang? I myself milk theta, but it feels like a better move with FB than writing CCs at or near -45%. +Intel’s 55 call expiring this week went from .20 to .02 on tuesday ( 4 days out). +But the next week’s call didnt go down that much. Still at .50 +Next weeks calls are .2 dollars apart which is consistent. + +Any reason there is a jump in premium in next week’s call? +Was there too much call buying inferring Intel would jump in coming days? + +FYI, I am selling covered calls weekly +I had 7 ICs on TSLA expiring this week with strikes at 925/920 and 1060/1065 (5) and 1070/1075 (2). I was able to close all the put legs but I am in ouchtown on the calls. Lost all my gains over the last month as it stands. I’m hoping for TSLA to correct some tomorrow but it doesn’t seem likely. + +Question - I know theta is not going to do much if it keeps going up so do I close sooner to limit gamma exposure? + +Also I’m thinking it’s better to just close and eat the ~200/contract rather than get assigned and blow my entire account. And unless I can find some good strikes I don’t think rolling makes a lot of sense as the premiums will only cover my losses for today. Is that the right way of thinking? +My retirement account portfolio one year return is around -10%. FB is 15% of my portfolio and is down about 45% from my purchase price. I am contemplating to sell the FB stock at $180 and buy Jun 16, 2023 Calls for $37 for the same number of stocks. I am bullish on FB over one year period, but feel like it is going to be sideways until macro conditions improve. Is this a good move to go against thetagang? I myself milk theta, but it feels like a better move with FB than writing CCs at or near -45%. +So I have been looking into 0 DTE ICs on the major indices like SPX and I found that you can sell an approx. 10 delta 0 DTE Iron Condor on SPX and receive \~$1,000 in premium with a Buying Power requirement of \~3x that amount. This IC has an 83% POP and at 10 delta would be higher than the expected move of the SPX. With a proper stop loss in place of around 2x the credit received could this be a viable strategy to make fairly consistent gains while ensuring that any loss from a big move upward or downward is capped? any opinions or suggestions would be most appreciated! +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. +With news that the entire federal fleet will be switching over to EV, I believe that WKHS (39/shr) is a shoe-in for USPS trucks. + +And whether it’s the usual EV fervor or a general consensus that they will indeed get that (6 billion dollar) contract, their shares are on the upswing. 13.2% today and 44% in the past week, which is nice to see. + +I’m contemplating going in on the 4/16 43c because already the USPS contract is late to be awarded so I imagine should happen between now and then. + +What are your thoughts on WKHS? +Unusual Whales alerts are bullshit. They can be buy/sell plays. You’ll notice he’ll only retweet the alerts that ended up making money. Fuck that fool. + +They are unusual - volume higher than open interest - and that’s it. + +Here’s how you can replicate his alerts in ToS. Create an options scan based on your criteria. Pull up the scan in a watchlist and just add in your volume and open interest columns, then add a custom column for volume / open interest multiple. Sort the multiple column descending or sort the open interest column ascending to see high vol/oi activity. +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. +Why don’t more people sell options off SPXL instead of SPY? It’s got 3 times the IV, relatively cheap to buy 100 shares, good option liquidity... only downside I see is there’s no weeklys. +It seems that everything I have my eye on is mostly overvalued IMO, I already have option positions on them, or too risky for profit. I am sitting on about 75%cash and would like to make a trade somewhere, but the market today seems pretty flat + +Maybe after some earnings start coming out this week we will start to see some wild swings again so I can take advantage of. + +I would like to short Tesla here but you never know with earnings. Ill sit and wait it out +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 need some advice. I have to move soon. House prices are high so when I sell I'll have 60 to 80k of equity that will be in my pocket. I can't buy another house right now due to personal reasons. I need to rent because I may need to move again. Here is the plan + +I buy 100 apple stocks and sell weekly covered calls and hopefully get 150 to 200 per week. Hope I don't get assigned but if it's getting close I can do the wheel thing? I need to learn more about that. + +I would take the 150 or 200 out of my account per week. I assume I would need to pay taxes on this so I would set aside 25% the rest I can use to pay help pay rent. I need income because child support is more than what my mortgage was on a 240k house. WTF right. + +Tell me why my plan sucks and how I could improve. Thanks!!! +Tired of breaking even or losing. I want to be part of the thetagang. + +&#x200B; + +[https://www.tastytrade.com/tt/learn/poor-man-covered-call](https://www.tastytrade.com/tt/learn/poor-man-covered-call) + +What is it? + +Buying a Deep ITM Leap Calls for low volitivity stocks and selling near term covered calls for it's juicy premiums. + +Checklist of how to get in and what to look for. + +* Long ITM Leaps with .80\~ delta (having .80 delta will offset the delta taken from the short calls) +* Low IV (in the case of sudden spike and possible dipping past the long call strike, IV increase will bring more value and often set lost with extrinsic value) +* Sell covered calls weeklys or biweeklys with OTM probability 70\~75%. In the case of assignment, roll your short calls over to the following week and increase strike price. + +Why use it? + +When you're too poor and want to get into those juicy juicy $10.00 - $30.00 premium tendies. Yes you can sell multiples, but sometimes you want to play with the big boys with your smaller account. + +If you feel ballsy you can always make use of this strategy with TSLA LOLL + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Final questions + +Do you guys use it? I have about $30K to play, but "The Wheel" on stable stocks doesn't seem exciting to me. +Yes, I know GME is the talk of the month so obligatory 💎🙌 + +But I’d like to also make some more plain vanilla plays around weekly options for companies releasing this week. I had some success on Tesla last week (closed at open before that massive dip)... does anyone else sell vol / wheel if need to for companies around earnings and if so do you have any thoughts on this weeks’? +Just my 2 cents but I think blackrock saw the borrowing rates increasing and since they made tons of money playing both sides, it is super beneficial for them to buy shares at these low prices to have more shares to lend out. + +They know hedgefucks will keep shorting as long as possible to survive another day. + +By buying shares, they put pressure on the share price to go up, which benefits them even more, increased borrow rates and prices going up. + +Now they profit double from increasing prices, they earn more from the shorts as they lend out the shares AND they earn more as the price keeps climbing up. + +&#x200B; + +Super tinfoil hat time: maybe blackrock knows more, maybe they know how few shares there are available at the dtcc and know the boom is going to come soon. triple profit. + +&#x200B; + +Anyways, have a nice day and keep hodling 🙌💎🙌 +Hi investors! I am a student and I have no loans. I work a 25 hours/week job that gets me enough money to live thought the month. I don't really need big savings in case I get unemployed or something, because I am lucky enough to have parents that would be able to help me in case that happened. The thing is that I spend very little money during the moth because I simply like to save it and I like to developed the kind of character that's need in order to save money. So, every month, I am able to save around 150-200€ (I know, kind of ridiculous). I have an account with 1000€ and I expect it to keep growing by 150-200€/month. I don't know about shares investment because with this little investments I feel my money would be pretty much eaten by commissions and stuff like that. Do you have any ideas? Any advice? + +Thank you very much, and let me seize this opportunity to congratulate you all for this great sub. + +*Edit: Wow! I just logged in to procrastinate some 15min and I was shocked by all the replies I have! I have an exam tomorrow so I can't really participate today, but I promise I will be back tomorrow and reply to as many of your answers as I can. Tank you REALLY much guys!* + +So I had a tenant approach me about purchasing the property as a rent to own. Unbeknownst to him I intended on selling the property at the end of his lease anyway, so it seems like a lease-option could be a win-win situation. I've never sold a property this way, so I have a few questions: + +- Do these types of deals usually include a rent increase for the tenant? If so, how much? + +- What's the going rate on the non-refundable option fee? + +Any and all advice is appreciated! +I'll try to keep this succinct: + +Goal is to get to 3K/month cashflow after all expenses...as that will allow me to start to pivot to other things (different W2, entrepreneurial interests, etc). + +Current portfolio is + +* (2) small SFR's (purchased for 85 with closing costs, together, could sell for 100-105K - own them free and clear) +* Duplex (purchased for \~140K with closing costs, owe \~99K, could sell for \~170K) +* 4plex: (purchased for \~215 after closing, could reasonably sell for 260, owe \~157K) +* Total gross rent is $4990. I'm fortunate to have had very low vacancy due to being slightly under market rent, and in good spots. +* After all fixed expenses are paid, my "pro forma"/plan has me setting aside about $1160 a month for reserves (maint, capex, vacancy), which is about %23. High compared to most other investors I know, but I figure worst case is I discover I have extra $$. +* My actual cashflow that I project I can reliably pocket is about $650 a month. + +I have done a little bit of wholesaling, a little bit of flipping....so I'm basically proficient at marketing, negotiating with sellers, can come up with scopes of work and manage contractors, etc + +&#x200B; + +Ideas: + +* Sell off everything but the 4-plex, pay that off...holding that free and clear could bump up cash flow to 1K/month. Not a plan but it simplifies things. +* Start going at wholesaling/rehabbing hard, direct proceeds into new purchases and principal pay down. +* Refocus into commercial, partner, syndications, etc etc due to ability to access larger numbers of units. +* Begin to do more "BRRR", establish a rainy day fund, take out all equity, use cashflow to pay down principals, rinse and repeat for 5 years, then sell whatever I can, pay off everything else for much higher cashflow.... + +&#x200B; + +What do you think? +Alright let me start off by saying I saw a tik tok (which is typically a very reliable source of information lol) where a man claimed that if you register for your local counties tax collectors office, and essentially payed off someone's debt, that were the tenant never to reimburse you, you could collect on their home/property? + +It sounds very similar to what banks do and I am curious as to what is stopping the average person from doing this? Apart from the fact that it's rather unethical, if you chose to do this to a person that lived in a wealthy area, are there any type of legal repercussions? Is this a legitimate investment vehicle? Would it be realistic to find a property you're interested in that you could verify had no tenants and pay off any associated liens in exchange for the eventual property? + +Idk just curious +We are interested in buying something similar to this: + +https://cazilia.com/mexico-bienesraices/en-venta/nayarit/Bahia-de-Banderas/av-de-los-cocoteros--7SYt33UuZ + +We are going to be moving to Mexico next year (but inland) and would like to get a vacation home at one of the beaches there and rent it out whenever we aren't there. + +Anyone have experience with this? What are some good resources for learning more about thus? We are newbies. +I haven't seen one of these threads posted on here (at least recently) and we're coming off a hilarious conversation in one of the Facebook REIA groups. Please post up the craziest, weirdest, creepiest, spookiest, or funniest things you've found in your real estate investing journey. + +Here's a couple of Mine: + +* HUD House- I purchased a HUD house that they shut the power off and winterized in March. In april it flooded because the sump pump was off, so in May they pumped out the water and turned the power back on so they sump pump could run. I got an accepted offer in June and then the property sat until September closing. I complained that they were just letting the house deteriorate as the finished basement filled with Mold. 3 weeks after the complaint they came over and remediated the max (56' square feet) of mold which was a hilarious 8'x7' patch of wall that they painted with Kilz. The funniest part was that they put a dehumidifier downstairs as well... but didn't hook up a hose. It was effective for all of 45 minutes. Managing HUD/Bank owned listings is a profit game, and man were they good at squeezing every penny out. + +* Creepiest- this one was a house I bought from a man who obviously suffered from Alcoholism/Paranoia/Mental illness. He did not own any furniture and there were just sparse belongings on the main floor of his house. He lived in the wet, unfinished basement. He had a tiny dresser and strung 2x6's across two kitchen chairs with a pillow for a cot/bed. He had cut one of the water lines and fitted a shower head to it, then built a shower out of foam panels over the floor drain. Cold water only. He fitted the entire property with floodlights and cameras, and built giant egress windows in the basement so when he was in his cot, he could see all sides of his house. to built the egress windows, he dug all the way down to the floor or his foundation to form a moat, and then piled the dirt over the moat so the house looked to be inside a hill/bunker. I later learned that he was convinced the neighbors were pouring toxins on the house. + +* Wild: I bought a horder/ probate house that sat empty for almost two years. While cleaning it out/having an estate sale, I started testing things. I found nearly 2 dozen cheap plastic flashlights. They all worked. Every lamp worked. Even the 7 portable radios with D batteries all worked on battery power. The dusty lawnmower scared the crap out of me and started on the first pull. I still don't understand how that happens when I can't keep a flashlight with good batteries for a month. + + + +Share your stories. They can be pretty crazy! +Hi everyone. I’ve been patiently waiting to purchase my first investment property, and am finally actively looking (after filing my taxes). I’d just like some advice or insight from the group, maybe pointers on what to look for, red flags, etc. + +For context, I’m a youngish lawyer in my second year of practicing. I’m sitting on about 100k cash but have about 140k in student loans. I’d prefer to invest my money in property and follow a standard 10yr repayment plan for my loans. My yearly income is roughly 200k, with expenses around 5k. So I can realistically save 4-5k per month. + +My goal is to purchase a single family home in South Florida (where I practice), to then rent for cash flow (or at least break even and build equity). My criteria so far has been 3 bedrooms, 2 baths, in a good school district. My budget is 400-550k. Currently I’m expecting to do a convention loan. Does anyone have recent experience with South Florida market? It seems that prices are very high compared to what the properties are renting for, which makes me hesitant to jump into a property. Any advice, insight, or even pointing me towards materials would be appreciated!!! +I have 7 properties in Texas that I am looking to sell due to a change in some personal circumstances. + +All of the properties are B/C class and all rented to tenants and cash flowing nicely. + +Instead of placing them on the MLS and incurring a ton of realtor fees, has anyone had luck selling a portfolio of homes to another investor? +Hi all, I hope this post finds you well! + +I am soon to be a 20-year-old and am currently sitting for my last year in a software development degree. Currently, I am also employed with a great company as a part-timer with an attractive salary which will change to a full-time position as soon as I graduate. + +In the last couple of months, I have been reading and analysing how to start building a property portfolio from scratch. The method that got my attention the most was lease option agreements (LOA). + +This method gives you the possibility to **optionally** **purchase** the property X years after signing a contract with the current landlord but you would have to **cover any possible expenses (and his/her mortgage)** during the duration of such agreement. However, you **become the official landlord** for those X years meaning that you can **rent it out to possible tenants**. + +Let me explain this in a hypothetical manner: + +Let's assume that the property is a 2 bedroom apartment in a sought after area and that the apartment is in mint condition which is valued for €150,000. + +Continuing, let's say that I am struggling to pay my mortgage and I would not like to sell my property through an estate agent because it has gone slightly down in price (there could be many other reasons) and I would be losing money. Being aware of my situation, or by pitching to do so, you offer me a lease option agreement. + +I currently have a loan of €350 monthly and you offer me €400 a month for 3 years to become the landlord for the time being. This means that you will be paying 3 years' worth of my loan (totalling to €12,600) and giving me an extra €600 (€50 x 12) a year, totalling to €1800 (€600 x 3) in the 3 year period. After the contract comes to an end, you have given me the offer to optionally purchase the apartment for €155,000. I accept your terms. + +On the other hand, you managed to find 2 professional and responsible tenants willing to rent for €450 a month each. This means that they would be paying you €900 monthly altogether. + +This means: + +* €900 - €400 (to cover the landlords' payments) = **€500** +* €500 - approx. €200 (taxes and other monthly expenses) = **€300** + +This means that €300 profit per month would amount to **€3600 yearly** which converts to **€10,800** during the period of the contract. + +During these 3 years, the value of the apartment surged to **€165,000** BUT when the contract was signed, it was stated through a notary that if you accept to purchase it, you would be paying the price that was agreed then, **the €155,000**. This means that if you want, you can opt for a mortgage and then re-sell the apartment for its actual value, **the €165,000**. Therefore, apart from the **€10,800** you made in rent, you would also be netting an additional **€10,000** through capital appreciation which totals to **€20,800 in profit in 3 years!** + +All of this profit without having the need to have a mortgage or to actually own the apartment! + +*Please note that the values mentioned here were rough but close estimates to real-life situations.* + +If you aren't familiar with this strategy or did not understand the way I explained it, you can read this detailed article [here](https://www.propertygeek.net/article/property-lease-options-explained/). + +What struck me most about this method is that it gives me the option to generate money whilst gaining experience as a landlord without needing to have your own place or a mortgage. + +After explaining this to my relatives, they were not buying it. They would much rather see me opt for a traditional mortgage and purchase a place of my own. I tried explaining the above methodology, however, my relatives were still not interested in this concept. + +I am not stating that this will give me enough money to become financially free - that is not the point here. I am aware that I would eventually need to invest my own money to generate a larger sum of passive income. However, I think that this would help in getting me started. +Therefore, if you were in my situation, what would you do? + +* Would you give LOA a chance to generate extra money on the side apart from your wage? +* Would you opt-in for a mortgage and have your own place to rent? + +I am really unsure of what to do and I would appreciate any critical assessments and feedback. Any other stuff that I should be aware of that is not mentioned here? + +Regards! +I actively monitor several smaller 2nd/3rd tier markets and right now there are bidding wars on anything that might potentially cash flow. + +Is it really possible to make good investments in real estate right now from a non fix and flip perspective? + +How are people actually making the numbers works? +I have been a bit inactive lately, but i'm picking the challenge back up! If you have any more suggestions, i'd love to hear them! + + +**Nano:** + + +- Wenano: 0.016 nano ~ $0.11 +- NanoRoyale: 0.01 nano ~ $0.07 +- PlayNano: 0.005 nano ~ $0.03 + + +**Ban's:** + + +- Faucets: 30.72 ban ~ $0.73 +- Tips from community: 205 ban ~ $4.90 +- Folding@Home: (It worked!) 64.5 ban ~ $1.51 + + +**Moons:** + + +- 110 Moons ~ $7.15 + + +**Total:** + +$14.5 + + +Things that didn't work/are not available in my country: + +- Brave Browser :( +- Coinbases Earn +- Coinmarketcap Earn +- Algorand faucet (don't have small amount in balance) +In light of the recent poll regarding blacklisting Coindesk, what should be the amount of time a Poll remain open when it comes to wide governance decisions to EthTrader? + +&#x200B; + +Governance issues include topics such as blacklisting/whitelisting sites, naming community points, overall moderator behaviors and other unknown future EthTrader desired features. + +&#x200B; + +This poll runs for 7 Days. + +[View Poll](https://www.reddit.com/poll/a5v3jm) +I will make this short, as I am working on a few new projects that deserve a lot more time than writing up something on a project that I am not going to invest in. I just feel a need to make others aware of this , so they can make their decisions with more information. + +From the official Kin white paper ( https://kin.kik.com/papers/Kin_Whitepaper_V1_English.pdf?version=1a9e783a4ccdf9936d1dd7d319fdeac4) + +Section 6 Kin token issuance + +"In order to finance the Kin roadmap, Kik will conduct a token distribution event that will offer for sale one trillion units out of a 10 trillion unit total supply of Kin...." + +"Another three trillion Kin will be preallocated to Kik as the founding member of the Kin +Foundation and subject to a long-term vesting schedule..." + +"The remaining six trillion Kin will be under the purview of the Kin Foundation, locked under the Kin +Rewards Engine schema and used strategically to grow the Kin Ecosystem and fund the operations of the foundation..." + +10 trillion tokens: + +1 trillion sold through the ICO . Unknown at this point how many tokens per ETH you will get. I have asked them many times.. keeps getting delayed. They are probably waiting for last minute to come up with some calculation based on ETH value. +3 trillion going to the founders. +6 trillion going to fund operations, the eco system and so on. + +Way too many things I do not like here. You can spend time with the white paper for the full text, but these numbers do not pass my door. + +They are asking for full KYC info just to register. Seems a lot of information is being given to them for free, information that if you check their terms on their site (I DID!!), is information that is unclear where it is kept, how secure, and unclear what they will use it for. They were unwilling to tell me if the information would be deleted after the ICO or not. I tried to find out more.. and kept being directed to their T&C on their site. + +Though I thought this might be an interesting investment when I first heard of it, I am 100% not going to spend a cent on it.. or give them my personal information just to register. + +Other ICOs out there do not have these issues. + + + + +I just thought I’d list off some of the major milestones for ETH stacking just for a bit of fun. Feel free to reply with any more if you think I missed any major milestones. + +For reference, I will be assuming that the supply of ETH will be under 125 million (125,000,000 ETH) for the foreseeable future. This is not a fixed cap, but realistically, the supply won’t be far from this number in the next few decades. This is based on this graph from ETHHub but considering a slightly later ETH 2.0 release. [https://docs.ethhub.io/assets/images/issuance\_graph.png](https://docs.ethhub.io/assets/images/issuance_graph.png) + +**Current ETH supply:** 111,071,000 + +**0 ETH** \- What are you doing with your life? Buy some ETH and claim your part of the world computer, the global settlement layer or the emerging black hole of finance. Call it what you want, you can’t stop it's proliferation. + +**0.001 ETH** \- One Finney. One thousandth of an ETH is called a Finney. Named after [Hal Finney](https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist\)) + +**0.01633 ETH** \- The amount of ETH you would own if it were evenly distributed evenly between all 7.65 billion people on Earth (assuming a supply of 125 million ETH). + +**1 ETH** \- 1 whole ETH. Only around 125 million people could ever hope to own 1 ETH if it were equally distributed. + +**1.25 ETH** \- One 100 millionth of the ETH supply. (1/100,000,000) + +**2.7 ETH** \- You’re an Ethereanaire! If the total supply of Ether was evenly distributed between all of the world’s millionaires, they would each have 2.7 ETH. (Based on a 2019 Credit Suisse Report which estimated the number of millionaires worldwide at 46.8 million.) + +**3.14 ETH** \- Your slice of the Ethereum pi has an angle of 0.000009 degrees (125000000/3.14=40,000,000 360°/40,000,000=0.000009°). + +**3.2 ETH** \- 1/10th of a validator node. If ETH price goes up 1,000% or more, might 3.2ETH become the requirement for staking? (This is totally speculative and based on nothing.) + +**5.95 ETH** \- The 21 million club. This is Ethereum’s version of one Bitcoin. Only 21 million people could ever hope to own 1 Bitcoin and only 21 million people could own 5.95 ETH. + +**10 ETH** \- Double Digits! Only 12.5 million people could hope to have 10 ETH. + +**12.5 ETH** \- One 10 millionth of the total ETH supply. (1/10,000,000) + +**16 ETH** \- Half a validator node. Find a buddy or family member with another 16 ETH and you have yourselves a shared validator node! + +**32 ETH** \- Enough ETH to run an ETH 2.0 validator node! + +**42 ETH** \- The meaning of life. Blessed is your stack by the Ethereum gods. + +**43.5 ETH** \- 1 Bitcoin worth of ETH. Don’t worry, this one will get cheaper over time if you’re looking to buy 1 Bitcoin with your ETH. ^(Not) ^(investment) ^(advice.) + +**69 ETH** \- ayy lmao + +**100 ETH** \- ETH Centurion. Oowee that’s a lot of ETH! I’m sure holders of 100 ETH will be considered whales by the end of the next bullrun. + +**125 ETH** \- The one million club. (1/1,000,000) Only one million people could ever hope for 125 ETH. The Bitcoin equivalent of the 1 million club requires owning 21 Bitcoin. + +**320 ETH** \- You can run 10 32 ETH validator nodes. + +**324 ETH** - EZPZ. For those of you who are out of the loop, a redditor by the name EZPZ was calling for $324 while we were falling down from $1,400 in 2018. Myself and I'm sure many other members or r/ETHTrader at the time thought that he was crazy. Oh how we were wrong + +**350 ETH** \- [Tree fiddy.](https://www.youtube.com/watch?v=pS_zE0DTWIU) + +**420 ETH** \- 🎶 *Smoke ETH everyday* 🎶 + +**750 ETH** \- Top 10,000 wallets. Congratulations, if you have 750 ETH or more in a single Ethereum wallet, you’re in the top 10,000 wallets! + +**1,250 ETH** \- One one hundred thousandth of the ETH supply. (1/100,000) + +**59,500 ETH** \- Congratulations! You’re an ETH billionaire. There are 2,100 billionaires on Earth. If the total supply of ETH were split between them evenly, each would get 59,500 ETH. + +**Reminder please do not share information about how many ETH you hold, especially if it is a significant amount. It is against the sub rules for your own security. Disclosing your ETH holdings makes you a target for hackers and criminals.** +I just did a blockchain scan and as of today, the total amount of bitcoins that have never been spent is 1,917,980 or **13.91%** of the total. + +So where does the [oft-parroted figure of 64%](https://www.google.com/search?q=64+percent+bitcoin+never+spent) come from? + +It turns out, it was originally published in this paper: http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdf. At first I thought it might be an old analysis from 2009 or 2010 when Satoshi's coins still dominated the total. Not even close: the paper was written in October 2013 and by that time only 16% of the coins remained unspent. + +It is funny how the 64% number was repeated by International Business Times, The Atlantic, Al Jazeera, Arstechnica, Telegraph etc. (often in snarky articles which ridiculed Bitcoin) and no one even bothered to double-check that paper's findings. This number [is still](https://www.reddit.com/r/Bitcoin/comments/28ehvg/i_am_officially_1_in_21000000_d/cia8aix) [being presented](https://www.reddit.com/r/Bitcoin/comments/28iy5h/what_percent_of_all_coins_have_never_moved_since/cibfb69) [as a "fact"](https://www.reddit.com/r/Bitcoin/comments/246pvj/50_insane_bitcoin_facts/) + +As a bonus here's a chart showing how the percentage of unspent bitcoins changed with time: http://i.imgur.com/xnUoFEB.png + +**Edit**: [this comment](https://www.reddit.com/r/Bitcoin/comments/2uag65/have_you_heard_the_fact_that_64_of_all_bitcoins/co6o0wt?context=3) by /u/Sukrim explains everything. The researchers found that 64% of all bitcoins are stored in non-reused addresses and interpreted this as "64% of coins have never moved." I wonder why people with such gross misunderstanding of how Bitcoin works even feel qualified to write bitcoin research papers! +I’m sorry I just have no one to talk to about this.. you all are my family. + +EDIT:Changed the flair to a more suitable one + +This morning I got the call. My mother who is the rock of my life, over a thousand miles away suffered from a stroke and was unresponsive. My world stopped, I’m a guy 26, living paycheck to paycheck trying his best to hold it together and then the universe hits me with this. I want so much to give her the world, and to give my parents everything they deserve. She is recovering from a blood clot removal in the brain and she may have to learn to talk and walk again. My father is not someone who can handle this on his own. I’m not a large holder, but ahead of me lays a true test. I hope I can watch this moon with you all and get her the best treatment.. it if it comes to worst I will keep 2 shares, one for the pool, and one for my momma. I love you all. And gods speed to the moon my friends. +[Prices at the wholesale level twice as high than expected](https://www.cnbc.com/2022/02/15/producer-price-index-january-2022-.html). What asset classes survive, thrive, or get waxed? It seems stunning that the smartest guys in the room couldn't see this coming. It's almost as if the FED is managing politics more than rates. +I was absolutely amazed yesterday when my neighbour came over for coffee. Here in The Netherlands most farms are still family operated and very small. This is not comparable to the large farms in the US at all. + +His farm is very progressive and innovative. The versatility of his farm (flowers, grain, beets, chickens, calves) enables him to operate mostly closed loop and he has solar panels on every inch of the roofs of his buildings. He does most of the work with only a handful of parttime employees and he has a lot of help from his family. + +We started talking about Coinbase and cryptocurrencies in general. He said that he and his brothers are thinking about setting up a small mining operation, because a lot of his solar energy is now going back to the energy grid without making him any money. He wants to use the excess heat that comes with mining for preheating the water for his calves. He just wants to see what mining can do for him until he has other uses for the excess energy. + +It turns out that there's a big Whatsapp group with farmers that want to do the same, with plans, drawings, calculations and the like. It seems that everything gets thoroughly thought out. + +But I never expected cryptocurrencies to be this mainstream this fast. It's amazing. +eToro sells CFDs (contract for difference) + +As indicated by it's name, it's a contract that links you and eToro, and that gives you the right to pocket the difference between the price of your stock (at the time you bought it) and the actual stock price (at the time you want to sell) + +eToro does not have your shares. + +This means that selling from eToro doesn't even help Wall Street, where selling from Computershare does (no one is selling from computershare but I think it's good to remind people of this) + +eToro's CEO wants to gain the sympathy of apes by showing that he's a part of the movement, but in fact he isn't. + +eToro literally says in their TOS that they can liquidate your positions in case of an Exceptional Event, which includes the price of a stock going berserk (MOASS ?) + +eToro WILL fuck you during the MOASS, not maybe, they WILL, and it is written in stone. + +I'm not trying to force anyone selling their eToro shares, but by doing so, you are allowing yourself not to be fucked during the squeeze, as well as putting even more pressure on SHFs by registering your shares using a different broker. +My parents have been giving me money to put into my RRSP over the last few years. I'm currently 25 and it's sitting just under $6k CAD. I don't frequently contribute but normally put in $1k every tax return. + +&#x200B; + +Currently using WS and sitting at 7.1% return over the year, and I've noticed I can transfer that account to WS trade (will be calling them tomorrow to see if there are any tax implications). I have 0 intention of pulling out of this account before I retire (\~35 years from now). + +&#x200B; + +What should I look to invest in, for a \~35-year portfolio? I'm considering S&P 500 Index funds, possibly dividend ETFs, Growth ETFs, or just keep it in WS and let them handle it. + +&#x200B; + +Thanks. +Hi, + +sorry if this has been answered many times but I've been reading and can't find the answer on why people would choose (VCN + XAW) vs XEQT or VEQT. + +Is there are an advantage or what is the advantage choosing the combination over XEQT or VEQT or vice versa. + +Thanx! +Over the past months I've been rediversifying my portfolio after a few bad purchases I had made a few years back. + +Ever since I got back into the subject one stock that keeps coming to surface as a "must buy" is CNR. I understand its been tanking through the years as a slow but sure value that has yielded pretty good results over the long term. + +I'm almost about to buy into this stock but was just wondering for example, its been floating around the 90's in the last months but yahoo finance for example targets an estimate of 108. Is that really plausible? What else should an investor know about this company before putting any money in it. I fear the "general consensus" of "its a good buy" isn't always true lately. + +Thanks to all. +I know there is a lot of shady shit going on in Canada politics and buisnesses. Like with Valeant, Nortel, Bombardier, snc lavaline, air Transat, Bell and videotron. Is there any way for me to find out where the politicians have invested there money. (I know trudeau gets to appoint the head of all the departments). +26 year old and long term investor (10+ years) + + + +Thinking of structuring my portfolio as: + +80% XGRO + 20% XQQ + + +Any advice or feedback would be appreciated. + +Thank you 🙏 +For example, I understand that Enbridge is a well managed company and the stock is good for long term holding. + + +However, with all the news about Enbridge pipelines in relation to indigenous people and their lands, I hesitate to invest in it. If I’m an investor, I would want Enbridge to do well but that would conflict with my opinions (or whatever has been fed to me by the media). + + +I understand one can go pure ethical investing portfolio nowadays. But that’s going to the other extreme. + + +Is it possible to achieve a balance? If you’re an ENB investor, does this thought ever cross your mind? + + +Thank you + + +EDIT: No where in this post did I state that I am anti-oil and gas. I literally said Enbridge is a well managed company and has a good stock for long-term holding. I am simply asking how does one separate their ethics from their investments. + + +Forget Enbridge. People may invest in Facebook despite not liking the company and what it stands for. So what is the mindset behind separating the two? +Hi there, as the title reads I’m a 18 year old that has come into 3k from an assault on me a few years ago. I am off to uni but would like to invest the money so I can have a bit extra once I leave uni. How would I go about this? I know their is a recession inbound. Should I wait? +Here I'm defining "large" as 25%+. + +Key points of understanding sought: +- what are the advantages of a LDM? +- who are good brokers/providers for a LDM? +- why might LDM be a 'better deal' even if the mortgage borrowing amount is higher (e.g. 10 percent of a 200k home means borrowing 180k but 25 percent of a 300k home means borrowing 225). +First of all, buy/hold/DRS. Not financial advice. + +Second of all, I see two ways of this price action continuing to play out next week. Both of them probably end with a run up to $300 and beyond by Wednesday at the latest. I just want to get my predictions in writing this time to see how close or wrong I am. + +&#x200B; + +***TL;DR: Whatever happens on Monday, don't panic. Buy/hold/DRS is the way. Try not to get burned if you're playing options and don't really know what you're doing.*** + +&#x200B; + +**1) Price immediately tanks to $210 Monday morning to cause retail to panic sell off all their options positions —** let me be clear here **OPTIONS NOT SHARES** — people somehow keep thinking I'm talking about apes paper handing their shares if we do a little dip to $200-ish, which isn't going to happen — then the hedgies start to cover their gamma exposure and the price runs up to $300+. (further explanation below) + +**2) Price immediately runs up to $300+ by Monday noon** as the hedgies deliver shares by T+2 for Nov 19 calls that landed ITM + quarterly FTD cycle / futures / etc. that they have to reposition every 3 months (and have done without fail for the last 5 out of 5 times since RC first bought 9 million shares and begun to expose the SHF fuckery). (further explanation below) + +&#x200B; + +**Why tank the price?** + +* Theory: this past Friday the 19th's price action was probably caused by delta hedging as apes bought ITM/ATM calls. +* A LOT of Nov 19 calls got pushed ITM today, were exercised, and 100 shares/option have to be delivered by T+2 EOD Tuesday. No way around this. Exercised calls get delivered shares, no questions asked, every time, 100% of the time. +* This is the highest (by $70+ I believe) the price has ever been heading into a quarterly cycle. The upward price potential is enormous if they don't do something. +* Add ITM/ATM retail options fomo into the mix and this could be January (or beyond) all over again for them: ie. $400+ price exposure. +* The hedgies are going to pull out all the stops to tank the price to $210 or below on Monday premarket/market open to get retail to sell their options before their green turns red. +* That way the hedgies can cover more cheaply per share by T+2 (Tuesday EOD or Wed. pre-market) for their quarterly cycle gamma exposure + Nov 19 calls that landed ITM today, +* AND by shaking off retail from their options positions, there's a lot less options being held for which they're going to be assigned to cover 100 shares each so that could save them hundreds of millions if not billions of dollars if they get retail to paper hand their new options trades. +* If they don't shake retail off of those positions, then the price runs to $300+ and puts millions of new options ITM that get assigned to hedgies, then things could REALLY get out of their control again like last January, except this time 20% of the float is locked up in DRS and we ain't fucking selling from brokerages anyway. +* Try turning off the buy button this time Kenny and see what happens bitch. + +&#x200B; + +**Why run up the price early?** + +* Today was delta hedging, they're scared more retail options FOMO is about to kick in on Monday market open. +* So they're going to do as much covering as possible first thing Monday (they can't do all of their covering in pre-market because of low liquidity but can do some). +* That way, retail doesn't have time to keep fomoing into options plays and piling onto the stack of ITM/ATM options that cause delta hedging that cause upward price movement like we've seen today. +* This is a death spiral for the hedgies that they have to avoid at all costs. + +&#x200B; + +They'll do whichever one of these two they deem the least loss-inducing for them. In either case, they're going to lose a lot of money next week. + +Once they finish covering T+2 plus gamma exposure by Wednesday at the latest, watch them tank the price heavily on Thursday/Friday to low $200s. + +&#x200B; + +**TL;DR: Whatever happens on Monday, don't panic. Buy/hold/DRS is the way. Try not to get burned if you're playing options and don't really know what you're doing.** +With the price of mortgages going up at the moment, something I’ve not see much being mentioned here are [Offset Saver Mortgages](https://www.moneysupermarket.com/mortgages/offset/). + +An offset mortgage links your mortgage to a savings account with the same provider (ie Barclays, Coventry etc), and you earn interest on your savings at the same rate as you pay for your mortgage. The more money you have saved, the less interest you’ll pay on your mortgage. + +Often, the interest rate is higher on these types of mortgages - so a product like this is only beneficial to you if you have some savings. We’re saving for our next house, so it makes sense - and in our case, the interest earned goes straight towards paying off our mortgage. + +With people looking to remortgage, it makes sense to look into this as an option. I hadn’t ever heard about these type of mortgage products until it came to setting up a new deal a couple of years ago. +**TLDR: GameStop’s Congress hearing is on Feb 18th, they need to investigate the Prime Brokers and DTCC for their complicity in enabling naked shorting within GME and by extension, potential collusion to shut down trading on Jan 28th, the day the short squeeze was going to kick off.** (stick to the end for an analysis of some illegal tactics short side hedge funds have been using) + +Thesis: On the day the retail market for GME shut down on 1/28 (the day the short squeeze would’ve happened had there been no market intervention), DTCC (clearing house monopoly) shut down retail buying in order to protect itself and Prime Brokers **(which privately own the DTCC)** from being exposed to the consequences of being party to illegal activity. I believe Prime Brokers and DTCC need to be called to the GameStop hearing on February 18th to be questioned for their complicity in enabling illegal naked shorting of the GME stock, as well as potential collusion to shut out retail buyers on 1/28. + +In my [previous post](https://www.reddit.com/r/wallstreetbets/comments/lglrg5/naked_shorting_in_gme_and_how_the_pieces_suddenly/) (which I recommend reading for some context) I explored the subject of rampant illegal naked shorting in GME, and how Prime Brokers (consisting of banks like Goldman, Morgan, etc) and DTCC would be complicit in the naked shorting. This in turn raises the thought experiment that they would be incentivized to do anything possible to prevent the short squeeze from happening on 1/28 because had the short squeeze happened, the shorts would go bankrupt and their Prime Brokers who lent them their naked shorted shares would need to cover the shares. This would not only represent a humongous capital expense for Prime Brokers, the culpability of Prime Brokers (and that of the DTCC) in this situation would also have likely been exposed as well. + +A quick primer on what a Prime Broker is: Prime Brokers are essentially the service side of the short- selling business. They lend out securities and cash, you can think of them as the “house” in a casino: They provide a gambler with markers to play and to manage his winnings. According to Matt Taibi, “Under the original concept, if a hedge fund that wanted to short a stock they would first need to “locate” the stock with his Prime Broker but as time passed, Prime Brokers increasingly allowed their hedge-fund customers to use automated systems and “locate” the stock themselves, and what this does is enable short-sellers to sell stock without delivering and thereby perform naked shorts with counterfeit shares. (source: [https://web.archive.org/web/20210213125246/https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/](https://web.archive.org/web/20210213125246/https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/)). (I highly recommend you read[ Matt Taibi’s article](https://web.archive.org/web/20210213125246/https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/) on naked shorting and how it was used to take down Bear Stearns and Lehman Brothers. There are so many parallels with GME it’s hard to miss. It’s amazing to consider that 12 years after this article was published and brought to public awareness, the problem of naked shorting still exists as a systemic issue.) + +Prime Brokers have a long history of being associated with naked shorting. To highlight a few examples, Prime Brokers like Merill Lynch and Goldman have long been implicated for naked shorting Overstock.com ([https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/](https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/), [https://www.forbes.com/2007/02/02/naked-short-suit-overstock-biz-cx\_lm\_0202naked.html?sh=271400d1763f](https://www.forbes.com/2007/02/02/naked-short-suit-overstock-biz-cx_lm_0202naked.html?sh=271400d1763f)). Another example is when Goldman’s Prime Brokerage was implicated by the SEC in 2016 and got away with a small fine of 16 million (Source: [https://www.sec.gov/news/pressrelease/2016-9.html](https://www.sec.gov/news/pressrelease/2016-9.html)). An example that very recently came in the news is a story where CIBC, BOA, UBS and TD Bank Prime Brokerages are accused of facilitating naked short selling and using counterfeit stock to attack and bring the stock price of a company from $34.77 to $1.83 (Source: [https://www.securitiesfinancetimes.com/securitieslendingnews/industryarticle.php?article\_id=224548](https://www.securitiesfinancetimes.com/securitieslendingnews/industryarticle.php?article_id=224548)). + +The DTCC also has a very long history of being associated with naked shorting. The Wall Street Journal noted that 1% of the DTCC’s volume end in failure to deliver which “**have put DTCC in the middle of a long-running fight over whether unscrupulous investors are driving down hundreds of small companies' share prices… DTCC has turned a blind eye to the naked-shorting problem.** ” (Source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)). The DTCC has also had numerous complaints submitted to the SEC for enabling naked shorting (source: [https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm)) and have been sued tens or hundreds of times for assisting naked shorts (source: [https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/) and [http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) and [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)) + +On 1/28 Robinhood received a letter from the DTCC at 4 am requiring them to halt trading or come up with [3 billion dollars](https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/), which Robinhood did not have, and therefore with one swoop of the pen the DTCC shut down buy side momentum but strangely allowed selling. Retail investors were shut out of the market and as any student of microeconomics would know, by shutting buy but only allowing sell, the price is bound to fall. Meanwhile while hedge funds were able to keep trading not only in the market but also [crosstrade in the dark pools](https://www.reddit.com/r/stocks/comments/lghhkv/gamestop_institutional_broker_trades_off_the/) (“private” stock markets that retail is shut out of, more on this later), and use this crucial lifeline given to them by the DTCC to prevent the squeeze from happening that day. + +With retail abruptly being shut out from buy (even cash accounts were shut out, which didn’t make sense) and only allowed to sell, almost everyone could smell manipulation was afoot (which triggered the Congress hearing) and the most of the blame was pointed at Robinhood. Personally and in hindsight, I believe Robinhood was just a willing scapegoat. When we think about who had the most to lose if a short squeeze occurred, I’ll narrow it down to three entities, Shorts and their stakeholders (ie Citadel), Prime Brokers and the DTCC. + +It’s important to remember that the actual impetus that triggered the shutdown of the market for retail investors came from the DTCC. Working backwards, if you consider that GME was rampantly naked shorted and DTCC and Prime Brokers would have to be complicit in it, I believe the DTCC, Primer Brokers and possibly Citadel (who provides 40% of Robinhood’s revenue) brazenly manipulated the market on 1/28 by shutting down purchasing for retail buyers to prevent the squeeze from being squoze on that day as doing so would be catastrophic for all aforementioned parties involved. **I believe that on the upcoming Gamestop Congress hearings the Financial Services Committee needs to call on decision makers of DTCC and Prime Brokers explore their role and complicity in the shut out of retail buyers that day as well as being enablers of naked shorting in GME.** + +An interesting thought experiment: 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 Prime Brokers had margin had called the shorts, they would presumably also also gone 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 and instead the most logical option would probably would have been to make a backroom deal, which is what I personally think most likely happened. + +If you’ve read up to this point, you might be thinking what can I do about this? I am aware that there a lot of cynicism that we can’t do anything, that there will be no justice for retail investors who were harmed this situation, and that institutions and people in power will prevent anything from being done. I feel this sometimes too, but remember: + +**A single voice can be drowned out, but if we all speak together then we will make our voice heard. Ape Strong Together.** + +With the hearing 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) + +**If there's one thing I took away from this its that we can't wait for other people to do the right thing, we each need to individually step up to ensure it happens** + +What follows should probably be a separate post, but I will take the opportunity to summarize some of the illegal tactics that shorts have been identified to be using in their war with retail investors. Note that this may not be an exhaustive list and there may be newer tactics deployed in the future. Retail investors might not have the same tricks, resources and willingness to break the law for profit as hedgies do, but my hope and belief is that if we pool our knowledge and analysis, we will figure out their game and effectively adapt.