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m7bplu

It's Still Early! - Day 2 for SIFI - Simian Finance

This is your chance to be early for once, you ape. I hope you know the colour of your lambo already, because it's only Day 2, and we're still on the launchpad. I'll get to the meat of it. Simian Finance - $SIFI $2.5million market cap. 5 million total supply. 95% of supply seeded in liquidity and LP coins burned (no rug pull). No contract owner. 5% fee/transaction redistributed to HODLers (the highest out of its memecoin counterparts) HOGE hit $700million market cap before it shit the bed. With that market cap target, we're looking at $150+ a coin, and we're still below $.50 cents. 300x potential. Hell, even 10x is conservative at this stage. Don't forget, you're getting paid to HODL as price goes up too so your hold increases. If you were looking for a sign, this is it. Now grab a banana, look at some options for your lambo, and hold on. We're taking off soon. Website : [https://www.simianfinance.io/](https://www.simianfinance.io/) Twitter: [https://twitter.com/SimianFinance](https://twitter.com/SimianFinance) Reddit: r/SiFiCoin Telegram: /simianfinance Chart: [https://www.dextools.io/app/uniswap/pair-explorer/0x2e571b6495a9e0cb52667a89bc7bbf77110c2802](https://www.dextools.io/app/uniswap/pair-explorer/0x2e571b6495a9e0cb52667a89bc7bbf77110c2802) Contract: 0x4afb0aac9b862946837b2444566b8a914d6d0d97 Uniswap: [https://uniswap.exchange/swap?inputCurrency=0x4afb0aac9b862946837b2444566b8a914d6d0d97&outputCurrency=ETH](https://uniswap.exchange/swap?inputCurrency=0x4afb0aac9b862946837b2444566b8a914d6d0d97&outputCurrency=ETH) Set slippage to 5.4% minimum. Not too high or you will be frontrun. Permanently locked liquidity: [https://etherscan.io/address/0x549925e7d18c03d9aa51bb38887d6dec7f01c06f#tokentxns](https://etherscan.io/address/0x549925e7d18c03d9aa51bb38887d6dec7f01c06f#tokentxns) Contract ownership revoked : [https://etherscan.io/address/0x4afb0aac9b862946837b2444566b8a914d6d0d97#readContract](https://etherscan.io/address/0x4afb0aac9b862946837b2444566b8a914d6d0d97#readContract) SIFI is a 'fluid yield generation' token, along the lines of HOGE, RFI, DOGIRA, BUNNY, and so many other tokens out there right now. Boasting a 5% fee on transfer, it has the highest rate of direct return to holders out of any token. We are currently in day 2 of the project, feel free to contribute in any way you can. COMING SOON \>Website re-design \>~~Rebranding of logo~~ NEW LOGO UP IN TELEGRAM! \>Infographics to assist buyers/sellers \>Memes \>Marketing push We need people in here to build the community. Being transparent about the project is the best way to gain traction. Ethereum (ETH) Blockchain Explorer ([https://etherscan.io/address/0x549925e7d18c03d9aa51bb38887d6dec7f01c06f](https://etherscan.io/address/0x549925e7d18c03d9aa51bb38887d6dec7f01c06f))Address 0x549925e7d18c03d9aa51bb38887d6dec7f01c06f | Etherscan The Address 0x549925e7d18c03d9aa51bb38887d6dec7f01c06f page allows users to view transactions, balances, token holdings and transfers of both ERC-20 and ERC-721 (NFT) tokens, and analytics. EDIT: Update from our current volunteer dev King James: "Here's my personal ideas for where we can take the tokenomics over the next week. \>Create a donation contract wallet where whales/anyone can throw sifi in, this wallet will accumulate fees from transfer. Once the contract reaches a milestone amount like 250k, it sells anything over the milestone figure into USDC once a week and donates it to a save the gorilla/orangutan/simian foundation. \>Create another donation wallet for dev/incentive funding on a multisig, eventually move this wallet to a DAO/DFO structure so that SIFI holders can vote on governance \>Create a contract that allows people to donate to the charity wallet directly with any currency, as the contract market buys SIFI on Uniswap (This donation will be over the milestone figure). Have a link to donate on the website." Proof that we are actually serious about making this useful and having an impact. With the original devs gone, the beauty of a community driven project shines. Since we're community led, we need YOU to help make this amazing. Come help us save some apes!

CryptoMoonShots

Community for this coin is strong, and I think that’s the only thing that matters. Lots of discourse on what we should do, new people offering their skills, it’s really cool to see! If you want a 10x-100x meme coin where the community has fun together, it’s worth putting a little in.

uscsek

REIT's in an inflationary/climbing rates environment

A lot of people are talking about low valuations in the market lately, however, a lot of trash companies are still above 40 PE and good bluechips are still 15-25 PE which is on the richer side. As such I have been looking at REIT's where you can find yields up to 10% on well established long performing trusts. However, when the yield goes up it indicates that bad things are about to happen or at least being priced in. Add to that the fact that REIT and preffered shares are not a pure fixed income asset and do not behave completely analogous to a corporate bond for example, this all makes the current situation quite tricky to judge. I am currently holding a small portion of my portfolio in REIT's like $O and $WELL but trying to understand if now is either the worst possible time to load up on more of these types of assets or a good time. This is not about the type of holding inside the REIT as obviously mall and office REIT suffered during the pandemic when others did not like data centers, more about the asset class in itself. Do you guys own REIT's in this market climate?

investing

Not a REIT specifically but I am in NRZ. Not too rich though. Bought enough to do covered calls. Reported earnings 5/3. Covered calls will let me lower my cost basis while also buying up more shares if the price is right.

92p1zv

Facebook growth with high single digit decline as mentioned in the call is still around 30%... WTF is this selloff

Year over year revenue growth of 30% Profit margin around 30% This is what Your left with if the pessimistic guidance comes to pass Yet the market reacts as if the Titanic just hit the iceberg WHAT THE HELL This is the most insane sellof ive seen in 10 years

investing

It's a market overreaction. Facebook always slips on revenue in Q2, a double digit growth QoQ miss and poor short-term guidance is what caused the sell off. I think Facebook breaks $200 again before the end of the year. They reset market expectations, so now they can blow it out of the water in Q3.

x4u2l1

How do investment managers really see retail investors?

My friend recently transitioned from being laid off in a non-finance field to a mid-senior role at a large investment manager. (How he did that is another story. Talent, yes, but also golf.) One thing he shared about a year after joining the firm has stuck with me. He said I should never invest in a fund like theirs. “The way my colleagues talk about investors, it’s gross. People on the outside are screwed.” This is a well respected place. In any case, I’m curious if this is common in finance. In real estate, which I know a little about, what’s offered to the mass investor is often the worst cut of meat. Is it safe to assume the same is true of most mutual funds? That is — the investors are viewed as marks by those on the inside, to be used if necessary to juice returns for the real clients? TL;DR to what extent are most investment products operated at the expense of the retail investors? Edit: Didn’t intend my word choice to needlessly provoke the many good professionals out there. Nixed one term while keeping the substance. Thanks, all, for the responses.

investing

Everyone in every industry to ever exist thinks their customers are idiots. I'm pretty sure we have sumerian clay tablets saying so, lol. Rather than taking this as evidence of some successful conspiracy, you should just do what /r/investing has always favoured.. buy and hold low-fee ETFs. The continued lowering of fees on these products is a sign that things are actually going pretty well for retail, if we let them. You know what has been immensely profitable for wall street, and has given them a lot of ammo to say retail are idiots? The meme stock craze that is propelled by this fantasy that we're going to "take them down" with some storybook event, rather than just chipping away at their profits via playing them against each other for the lowest fees, and supporting regulation via legislation and enforcement.

5paeh8

Anybody mind commenting on how you pull data into excel for investing

I'm interested in backtesting, indicators, market sectors and indecies, and currency values. Rather proficient with simple multiple regression. Any tips appreciated!

investing

If you have Bloomberg then the Bloomberg Excel Add-In has what you need. If you don't then you probably don't want to use excel but learn some basic python (specifically learn to use pandas) and do work in a jupyter (formerly IPython) notebook. If you still want to push the data from python back to Excel then there's a package called xlwings to allow you do this. Excel also has a feature called PowerPivot which allows you to pull in all sorts of external data, but I have no experience using it. TL;DR learn python, here's a quick and dirty intro to python for data analysis: https://www.analyticsvidhya.com/blog/2016/01/complete-tutorial-learn-data-science-python-scratch-2/

youx0p

Benefits provider "lost" my HSA funds

I maxed out my HSA contributions in 2021 and am on track to max it out again for 2022. Tried to buy some medication with the money a couple days ago and the pharmacy wouldn't let it go thru So I called the company and they said that I never put any money into the account. Despite the fact that I have paystubs clearly showing money moving from my paychecks to the HSA account HR doesn't know what's happened What recourse do I have?

personalfinance

My wife had a very similar situation. Check stubs showed money being taken for her 401K, yet 401K showed no deposits for over 6 months. She was working for a small insurance company and the owner tried to blow us off at 1st and make BS excuses. Only after I mentioned reporting it to the Sheriff's department for theft that suddenly the missing funds were found in a checking account belonging to the owner of the agency. But no worries, he kept our money safe for us and returned it with no interest saying I probably would have lost money in the market anyways so really he did us a favor. Told him either he was thief or the accountant was. He refused to fire the accountant. She quit. It's amazing how you can motivate people by including outside entities that can hold them accountable.

fcc6tk

Jack Welch, former chairman and CEO of GE, dies at 84

Jack Welch was a railroad conductor’s son who rose to chairman and CEO of General Electric. During the 20 years he led the conglomerate, its market value grew from $12 billion to $410 billion. Fortune magazine once called him “manager of the century,” but he also was known as “Neutron Jack” for slashing tens of thousands of jobs. Jack Welch, a railroad conductor’s son who became chairman and CEO of General Electric and led it for two decades, growing its market value from $12 billion to $410 billion, has died. He was 84. His death was announced Monday by his wife, Suzy. With a determination to win by busting up bureaucratic complacency, Welch earned two titles — “manager of the century,” and “Neutron Jack” for slashing tens of thousands of jobs. Under his leadership, GE became the world’s most valuable company, after Microsoft. Its fortunes later turned south. While at the helm, Welch bought and sold scores of businesses, expanding the industrial giant into financial services and consulting. GE Capital Bank was founded seven years into his tenure. His acquisitions included RCA — then-owner of NBC — and Kidder Peabody, the brokerage that became entangled in an insider trading scandal. He also streamlined the conglomerate’s bloated bureaucracy by giving managers free rein to make changes they deemed beneficial to the bottom line. He invented the “vitality curve,” in which managers were ranked into three groups. The top 20% “A” group was “filled with passion, committed to making things happen.” The “vital” 70% “B” group was essential to the company and encouraged to join the A’s. Then there was the bottom 10% “C” group. “The underperformers generally had to go,” Welch said in his 2001 book, “Jack: Straight From the Gut.” According to the book, “the workforce went from 411,000 to 299,000 during his first five years as chief. With such cuts, he acquired the derisive moniker named after the neutron bomb, which was designed to kill multitudes without destroying cities. Welch retired from GE in September 2001, days before the 9/11 attacks. Upon his retirement, The New York Times published an editorial that gushed over his professional record. “Mr. Welch was a white-collar revolutionary, bent throughout his career at G.E. on championing radical change and smashing the complacency of the established order,” the editorial said. “His legacy is not only a changed G.E., but a changed American corporate ethos, one that prizes nimbleness, speed and regeneration over older ideals like stability, loyalty and permanence.” For GE, the accolades turned to disbelief over the next decade and a half. Welch’s hand-picked successor, Jeffrey Immelt, had to grapple with an era that included the dot-com bust, 9/11 and the Great Recession. As the company’s fortunes evaporated, Immelt had to shed NBCUniversal and most of the once-too-big-to-fail GE Capital. He resigned in 2017. GE would get two more CEOs, John Flannery, who lasted a little more than a year and saw the company removed from the blue chip Dow Jones Industrial Average after 110 years, and Lawrence Culp Jr., who has been in charge since fall 2018. As of Monday, GE’s stock was trading around $11 a share and its market capitalization was down to $95.1 billion. The house that Jack built — a sprawling global conglomerate that encompassed diverse parts including industrial manufacturing, entertainment, technology, finance and health care — fell out of fashion with investors, in favor of more focused enterprises. “Did the Jack Welch Model Sow Seeds of G.E.‘s Decline?”’ a headline in the Times read after Immelt’s resignation. “It’s always tough to follow a legend,” New York University finance professor Aswath Damodaran said in that Times article. After leaving GE, Welch became a business consultant, engaged in public speaking and TV appearances, including on CNBC, wrote a column and books and opened a for-profit management institute. A staunch Republican, he accused President Barack Obama’s economics team of cooking the books on employment data a month before the 2012 presidential election. The Labor Department reported that unemployment had fallen below 8% in September for the first time since the Great Recession. On Twitter, Welch blasted the data. “I wasn’t kidding,” Welch told The Wall Street Journal later that day. Survivors include his third wife, the former Suzy Wetlaufer, whom he married in 2004. He filed for divorce from his second wife, Jane, after reports surfaced that he was having an extramarital affair with journalist Wetlaufer. Four days before the divorce trial was to begin, Jack and Jane Beasley Welch reached a settlement that reports said was worth $180 million. He divorced his first wife, Carolyn, the mother of his four children, in 1987. https://www.cnbc.com/2020/03/02/jack-welch-obit-ge.html

investing

Another asshole his spent the bulk of his adult life fighting for lower taxes for the rich, on the backs of the poor people who helped keep his company running. All so he can die with a few more millions in his account balance that never would have gotten spent anyway.

q3ze33

The Official Shiba Inu Discord is Brigading Posts here, giving Positive Posts 1000s of Points: Do not Trust random Reddit Posts about Cryptos

The official Shiba Inu Discords is sharing links to posts here, heavily brigading them and creating the illusion of agreement by the community. These are *not* random people on the officially SHIB developer endorsed Discords, but their own staff pushing people to positively comment and upvote the posts. This includes, as example, the post about stopping being butthurt about people making money off SHIB They also call on brigading people being critical on SHIB, and link to their own comments on their discord and call for support. But this post is not only about SHIB, you should never buy a crypto only because a community heavily favors it or randomly endorses is, this is the best example for it. Based on information by u/offcialnewmonville

CryptoCurrency

I bought doge in December at less than half a cent. You bitches told me about the reality of the coin and scared me into selling it at like 1.5 cents. Good advice isn’t always good and take any advice with a grain of salt!

rdanto

Shitcoins/Memecoins that got shilled by Celebrities and Billionaires claiming to be the "Next Big Thing" almost each one of them is currently down 70-100% from their ATH.

First, obviously the one and only * **Elon Musk Shilled Dogecoin:** **ATH: $0.73** Currently down 76% from its ATH. ​ * **Mark Cuban Shilled TITAN:** Got rug pulled. ​ * **Kim Kardashian and May Weather Shilling EthereumMax (EMAX):** **ATH: $0.000000597636** Currently down 95% from ATH. * **Soulja Boy Shilled Safemars (SAFEMARS):** Down 96% from ATH. ​ * **Faze Banks Shilled BankSocial(BSL):** **ATH: $0.00578273** Currently down 70% from its previous ATH. * **Adin Ross Shilled MILF Token:** **ATH: $0.0017** Currently Down 97% from its ATH. ​ * **Faze Kay shilled way too many coins:** **$Rich:** Down 99% **$SafeGalaxy:** Can't track this coin anywhere probably got rug pulled? **$TITS:** Down 96% ​ * **Many Faze Clan members were involved in Save the kids scam.** ​ These celebrities don't care about their followers/Fans they are here just to make some bag. Please stay away from them when it comes to crypto or any financial advice. Source: [https://mashable.com/article/influencers-altcoin-scams](https://mashable.com/article/influencers-altcoin-scams) took some of the shitcoins from this article.

CryptoCurrency

That’s why I’m skeptical when I see these ‘influencers’ suddenly into crypto talking about a no-name coin… Like Kim Kardashian - posting on Instagram about EMAX - come on… Stay safe everyone and choose carefully who you are taking financial advice from!

gr03bw

SpaceX raised more than the $500 million it was seeking in its most recent funding round

https://www.cnbc.com/2020/05/26/spacex-raised-over-567-million-in-first-2020-funding-round.html SpaceX was seeking to raise about $500 million, CNBC reported in March, but a filing on Tuesday showed the company raised more than $567 million. The amendment to its previous funding raise comes just a day before Elon Musk’s space company is set to launch its most important mission yet. With a valuation of around $36 billion, SpaceX remains one of the most valuable pre-IPO companies in the world.

stocks

My business professor said space was the future. At the time, there was a waste company that was determined to send containers of trash into space. And another start-up that wanted to create "vacation pods." This was in 2008. Maybe the time is now.

7mfikv

Besides the big players like Google, Salesforce, and Nvidia, which companies and industries will gain the most revenue due to artificial intelligence based technologies.

According to research from Tractica aritificial intelligence revenue will grow from $1.4 billion in 2016 to $59.8 billion by 2025. Some stocks like salesforce have seen growth of over 2200% since 2004. What industries and companies will benefit from this growth. Sourced from this article from [Investors.com](https://www.investors.com/research/industry-snapshot/artificial-intelligence-investing-it-doesnt-take-a-rocket-scientist/) .

StockMarket

AI is starting to become big in ed-tech. I think Google could make a big splash if they acquired one of the start-ups in this space. It's interesting because Google has core software (Google Admin Console) which is practically mandatory for schools that use Google chromebooks in the classroom, but they don't have a secondary filtering/data/analytics software. Secondary software is extremely expensive (my district pays close to $100k a year for it), but absolutely necessary. I'm surprised that Google hasn't made a move here yet - it's a major software market where they already have a strangle-hold. They could have the trifecta: Google devices, Google device management software, Google filtering/reporting software.

3do2bj

Workplace boredom

For those still on the path to financial independence who have day jobs, do you get bored at work? What are some strategies you use to cope with workplace boredom? Maybe there could be ways to make extra money on the side while at work when things are slow, to accelerate fi even more!

financialindependence

When I'm bored or stressed in my job, I've learned to repeat a little mantra to myself: "this is why they pay you." No job is exciting and enjoyable all of the time, after all. But if I'm getting paid, it's on me to earn the money by producing value above and beyond my salary.

ltky32

Daily FI discussion thread - Saturday, February 27, 2021

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.

financialindependence

It's funny how I'm motivated to get up earlier on my days off than my actual work days. Get up before 6 on a weekend to run or hike at 7 AM? Hell yeah! Work day officially starts at 7? I will squeeze every bit of sleep out and maybe slap the snooze once if I can get away with it.

vq9nbe

Everyday we stray further from Satoshi's vision

At the time the 08 global financial crisis had a huge impact on Bitcoins creator, Satoshi. Satoshi saw what happened when people blindly trusted their money in banks. In 08 banks collapsed under dodgy lending schemes and people got seriously burnt. Bitcoin was created to create a decentralized payment system, free from government control where people could park their money safely. Critically Satoshi understood that of you give people power over something, they will inevitably find a way to screw it up. Fast forward to 2022 where centralized coins, exchanges and lending dominate the space. Luna promised investors unrealistic yields, sucked them in and lost it all. Celsius, Voyager and Cefi generally are going down the gurgler taking people's money with it. There will be more to come. We openly resisted any form of regulation and blindly trusted centralized lending to do the right thing with our money. Well that's exactly what people did with banks on 2008 and we all know how that ended. Except this time there will be no government bailouts for crypto, we are on our own. There is no regulation to protect us. And so once again Satoshi was right, we cannot trust any exchange, coin or crypto service that allows people to control it. It always ends the same way, the average user getting screwed over. Perhaps we need to come full circle in the space and only ever trust decentralized cryptocurrencies and exchanges. Anything less is history repeating.

CryptoCurrency

Satoshi never mentioned the words “store of value” or “investment” even once in his original white paper. In fact the very first line is “A purely peer to peer version of electronic cash would allow online payment to be sent directly from one party to another without going through a financial institution”. Specifically he was introducing non reversible transactions. He didn’t like intermediaries because they can reverse transactions. Not saying that blockchain shouldn’t innovate or evolve. Just saying good to keep in mind what the original purpose was.

r1ityk

"Overemployment"

Starting to see this more and more on Reddit - there is even an /r/overemployed subreddit! There is a website - https://overemployed.com/ , and I am starting to see this being discussed more and more. With WFH being the new norm, I've taken on a few smaller contracts - in addition to whatever full time contract I'm on. A good few people in my network are doing the same. Financially, this has been incredible. Just wondered if anyone else has been doing anything similar in Australia?

AusFinance

Can I ask how you go about finding a second job - Seek/indeed? Are you upfront about having another full time job and show it on your resume? I though employers might be wary about conflicting job responsibilities

zvx6n2

Yearly income for Psychologists?

Psychologist here - planning to make changes in the coming year. Such as more private practice, additional hours etc. close to finishing my Clinical Endorsement, so have higher earnings capacity soon. Currently on 113k pa +17% super and approx 20k on the side supervising. Just wondering what people make, whether it’s private, on salary or consulting. Some detail and context would be helpful. What do you do, how much do you make etc and any other thoughts? Private practice worth it?

AusFinance

Varies widely - $250/hour is a decent base rate in private practice. At six hours per day, that's $1500/day, times 225 per year = $337k gross. Less the practice fee and that's 200k gross. Less super and overheads and it's employee equivalent $170k so that would be a good comparator for a relatively experienced employee.

lccgan

Should I pay off student loans?

Hi all. I'm 23, currently unemployed software developer looking for some financial advice. I have no debt except for my Plan 2 student loan which is about £63k currently at 2.6% interest. So I was wondering if it was worth paying off the student loans if I have the cash to do it? I've been extremely lucky while investing and amassed close to £150k (£110k in stocks & shares isa, the rest in fixed isas) so while I am tempted to get rid of the loan once and for all, I'm also wary that it is a sizeable amount which I could invest for the long term (lower risk) into etfs & funds etc. I'm not trying to brag or show off here but honestly I have no idea how to manage this sum of money properly. £63k seems like a lot of money to pay off at once hence my doubts about it. I've read plenty of threads which suggests that it's not worth paying off and won't impact my credit too much in the future. But on the other hand, I would be completely debt free and invest the rest. I would appreciate thoughts on this and perhaps it's worth seeing a financial advisor? Thanks for reading, appreciate your time. P.S. I'm currently unemployed as I took some time out to figure out what kind of job I really want and the tech I want to work with. I'm hoping to get back to work in 3 months and my salary would probably be £25k/year (based off my previous salary).

UKPersonalFinance

We should break it down. As a software developer or engineer, with an initial starting salary of £25,000 doesn’t meet the threshold for paying it back, which is around £26,575 for this tax year. While you’re not paying it back, it is accumulating interest at 2.6%. A stocks and shares ISA might yield higher returns than that, so you’re throwing money away by repaying. If you do earn over £25,000 during the next thirty years (which you probably will, as it’s a well paid industry), you will only pay off 9% of your pre-tax salary which is over the threshold mentioned above. This is not enough to cover the interest payments, and the student loan will just increase. Remember it gets wiped after 30 years. The only reason you should pay it off is if you’re likely to soon earn a yearly salary where it’s more expensive to let the interest accumulate than to pay it off in one go. These sorts of salaries are £100k plus, and while you might get there in your industry, you’re not quite there yet. I would keep the money in your well-performing S&S ISA, and if you get to the point mentioned above where it would be cheaper to pay it off, go for it. Don’t think of the student loan as a debt, it doesn’t effect any other borrowing or your credit score. It’s a graduate tax. That’s what I would do. Well done on your savvy saving!

lcix15

Rate my portfolio! I'm relatively new at this so be gentle lol

I'm looking to see where I can maybe make improvements, if there's any overlap that jumps out at you, or maybe if you think there's somewhere my money might be better spent? ie: if my positions on certain stocks or ETF seem too high, maybe make a recommendation for an alternative to look into? I'm looking to invest (mostly) long term, I think green energy is the future, I think crypto has great potential and I think the cannabis industry has a lot of growth potential, and I've got a handful of small positions on gambles. Let me know what you think! DOC 4.87% FAF 6.07% FIRE 2.19% GME 1.4% HITI 2.07% HIVE 8.43% MJ 10.64% NOK 6.99% NUMI 0.31% VCN 10.36% VDY 2.93% VEQT 18.99% VFV 10.67% VGRO 10.01% ZWC 4.14% I plan to invest a chunk in QCLN as soon as possible, and a bit more into MJ as well.

CanadianInvestor

What's the reason for this mess? VCN 10.36% VDY 2.93% VEQT 18.99% VFV 10.67% VGRO 10.01% It's hard to look at all this overlap. Are the bonds in VGRO really doing much in your portfolio considering they make up about 2% of the total? ZWC is also not doing you any favours, as the total growth of VCN and even something like ZCN would have surpassed it since its inception, despite the high dividend. Personally, I'd consolidate all those ETFs into one or two holdings, depending on what you're leaning towards. For one, I'd just keep VEQT and converting the remainder into it, too. If you're bullish towards the US, you can keep VFV, and convert the other holdings into more VFV/VUN and some VEF (Developed All-cap excluding USA), which includes a bit of Canada.

qsh466

Why is the dividend yield for VFV 1.04% and VOO is 1.84%

Hi everyone, I am a young investor that is trying to decide between buying VFV or VOO. I have around 10k to put into one of these equities. I know that VFV and VOO are almost exactly identical but what makes the dividend so different. Thanks for any help

CanadianInvestor

From: [https://www.moneysense.ca/columns/why-do-etf-yields-differ/](https://www.moneysense.ca/columns/why-do-etf-yields-differ/) "Vanguard Canada uses the trailing 12-month yield, which it defines as “the fund’s cash distributions over the past 12 months divided by the end of period net asset value.” The last four quarterly distributions from VFV totaled $0.52905 per share, and the fund’s net asset value on April 30 was $36.63 per share. Divide the dividend amount by the NAV and you get 1.44%. Yield calculations are done differently south of the border. Most US-listed ETFs publish what’s called the SEC yield, which was designed as standardized measure for mutual funds. The calculation is complex, because it accounts for expenses as well dividends received over the last 30 days. But many US sources declare it to be the most useful estimate of a fund’s current yield. In the case of VOO, the SEC yield is currently 2.01%, considerably higher than its trailing 12-month yield."

g98bi5

Dow only about 5000 points from ath, on track to get there within a few weeks

Are the markets completely irrational at this point? Considering everything that's going on, the stock market keeps climbing like we're in boom times. Perma bulls all around. What is happening?

CanadianInvestor

There is no way to "know," and we won't find out until long after the dust has settled. If you believed you had a solid rational investment philosophy before the crisis, then stick to it. If you're one of the many that has found out your risk tolerance isn't as high as you thought it was, tough titties. Buckle up and enjoy the ride.

ueyzqs

Tax Question Regarding 2000$ CERB Repayment

I have been asked to pay back 2000$. I agree with the fact that they gave me 2000$ extra in 2020. However, I recall reporting the CERB Income on my income taxes in the year 2020. I am pretty sure **I paid income taxes on that 2000$**. Are they planning on deducting the extra income tax which I paid on this 2000$? I hope the question is clear, Thanks

CanadianInvestor

You will get a 2022 T4A showing the repayment. You then can claim it as a deduction on your 2022 tax return or adjust the return for the year it was overpaid. https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra/return-payment.html

g853qf

Where to learn about options trading?

Hey guys I’m a pretty new investor with only 10k in the market. Learned everything I know about investing through reading Canadian Investing for Dummies, Reddit Subs,and the news and basically make my judgements on whether to buy or sell on that. I hear a lot about options trading and how you can make some very good gains.. also extreme loses... Was wondering if anyone knows some good resources on how to get started in it, all I see is Instagram influencers touting easy money if you buy my class for $xxx and obviously I’m pretty sceptical about it. Also I have given some thought into swing trading as well but it seems options is what a lot more people talk about.

CanadianInvestor

Lots of misinformed, scare tactic responses. Generally, buying options is very hard. Since you have that unlimited profit potential, many other things are against you (Google "the greeks"). Time decay is against you. Volatility is against you. Direction can go in three ways (up, down, sideways), and you're choosing up or down so 1/3 chance of being correct there. You can be right on time and direction, but still lose because the stock didnt move far enough. Basically, the deck is stacked against you. Lots of idiots who blow their accounts using options do so not only because they were wrong on time, direction, or magnitude but because they didnt factor in correct position sizing. This happens with stocks too. Say you go all in on a stock and it goes to zero. Same thing as the options gamblers... you lose it all because all of your capital was riding on one horse. Long options can still be a viable tool, however. Have a smaller account but you want to go long on expensive stocks? Look into LEAPs. They're long-dated, in the money calls that act almost like being long on the stock, but are cheaper than buying 100 shares. Maybe you want to speculate on a risky stock that could go to zero. If you buy 100 shares, they could go to zero. If you buy 1 option, you can only lose what you paid for it, which is likely less than the cost of 100 stock. Long puts can also be useful outside of speculation. Worried about a potentially bad earnings report on a stock you own? Maybe you don't want to sell and trigger taxable event? You can buy a put to give you downside protection. Short options can be powerful too. Above, I mentioned the deck is stacked against long option buyers. So why not be an option seller? Say you want to buy a stock but it feels too expensive at $20, or you can only afford 100 shares if its $19. You can sell a cash secured put with a strike of $19. If the stocks drops below $19, you'll likely be assigned the stock. If it doesnt go below $19, you get to keep the credit received and keep selling more puts until your account grows enough to afford it at $20. It's just like a long-dated limit buy, except you're getting paid for your time. Own a stock, but you think it will be flat for a month? Or maybe you're willing to give up some upside protection for downside protection? You can sell a covered call at a strike above the current price to collect some premium. As you can see, options aren't just some sort of yolo play. When used tactically, they're tools you can use as leverage, to hedge, or generate income. Some things for you to research: The Greeks. IV crush. Naked options. Married/covered options. Option spread strategies (better than naked options). Investopedia and TastyTrade have decent articles/videos. I'd also recommend checking out r/options as they have many beginner guides and noob threads. My best advice: Paper trade first. Always calculate your max loss and position sizing. Be coherent that you sometimes will lose (just like stocks) and be mentally prepared to accept that loss before you place the trade. If you're not ok with the loss, then your position sizing is too big. Live to trade another day.

q6ftaw

Best energy stocks to capitalize on oil pushing to ATH?

Suppose oil goes to $100 a barrel or more in the next few months. I’ve held SU, ENB, PPL in the past but these are large companies who are built to weather good and bad times. I’m really just looking for a single company that would stand to profit the most off short term rises into triple digits. My gut is telling me Cenovus but I’ll admit I’m not all that experienced in the energy sector or how much different segments (pipelines, full integrators, middle producers, etc) are swayed by price changes. Opinions backed by facts or links to info would be appreciated

CanadianInvestor

Your username is callmecrude but you don’t know much about the oil sector? Huh. Cenovus would probably be a pretty good choice. Suncor, Enerplus and/or tamarack valley are solid plays as well if you think oil will continue upwards: keep in mind they’re already up a lot this year. Only scratching the surface but honesty if oil trades at $100 a barrel, all of these companies will print: even the “safe” ones since many oil companies are reinstating dividends/increasing dividends and/or doing major share buyback programs easing shareholder uncertainty about the “dirty” environment. Next quarter earnings will be insane and that will only boost this. Use something like TradingView and compare WTI oil price chart on top of those companies charts to easily compare stock price similarities. Eric Nuttall has a major hard on for the oil sector (energy investor) and has had some good calls this year. Look him up and see what he thinks (as well as some research on your own of course - e.i reading their earnings reports/calls). My guess is he would say the same.

qtwiq1

Investing for kids

I have two children under the age of 7. We want to get their investments started. We already have about $25,000 in RESPs invested in low risk funds. With their savings accounts we want to buy etf and bank stocks and then buy some crypto. Does anyone know if there is a platform that we can buy stocks and crypto for them? It needs to be something we can monitor through an app for convenience. Thanks in advance!

CanadianInvestor

If your kids are 7 years old and the money isn’t planned on being used anytime soon, you should not be placing it in a low risk account. Place it in a higher risk account and so what if it drops 20% in one year. It will still have plenty of time to grow and your returns will be much greater.

p06eaq

Do you think this will work?

CIBC is currently offering me 0% interest rate on any outstanding credit card transfer for first 10 months (charging 1% transfer fee). I'm thinking of withdrawing cash in advance on my second card and transfer the balance to CIBC. 1% feefirst 10 months is not a bad deal. I know the risk is high in investing. I do have plan in place to payback full amount before the end of promo. Do you see any issues with this plan?

CanadianInvestor

Cash advance is usually treated differently than credit card purchases/debt. They usually charge a fee and interest immediately. If you read all of the fine print from both banks, maybe it works out with decent investment gains, but I doubt it.

kksqaa

Predictions for bear market/bull market in 2021? Should I wait for a dip to invest?

What's the general consensus for the outlook in early 2021? First of all, I'm new to investing (22), so excuse my lack of knowledge: I am in the process of opening a brokerage account for high-risk, long-term investing and I want to put my money in at a good time, whether it be waiting for the next "bear market" (don't even know if I'm using that term correctly) in early 2021 or invest ASAP before stocks get pricier and pricier in 2021. I'm hearing from some people that covid cases are spreading in the US and they might have another lockdown, so stock prices will fall? I'm also hearing that people are getting optimistic and things are gonna get better with the new vaccine, so stocks will rise? What's the general consensus, and should I be letting my cash sit for a substantial dip, or should I just start putting my money in ETFs ASAP?

CanadianInvestor

Play it safe and start investing with what you have. A diversified portfolio would do you more good than trying to stay on the sidelines to time the market. The whole thing is a learning process. You learn what your comfort zones are along the journey.

yoy8jz

Portfolio advice to get out of this mess

Here is the situation, for a person I know but lets call them Jane Doe. Some poor decisions were made in the last 5-10 years and Jane invested $170,000 in her RRSP/TFSA. 90% of this was invested in Air Canada (50%), weed stock (25%) and crypto stock (25%). The value of her investments now is down to $100,000. Jane is 57 years old and is looking to retire sometime around 62 years old. She does have some other assets for retirement but the RRSP/TFSA is also a very good chunk of her savings. Looking to get recommendations to best tackle this situation. Leave the investments as they are and hope for some sort of rebound to recoup losses? Sell everything and purchase stable ETFs? Any other wise solution? Thanks

CanadianInvestor

She doesn’t have anywhere near enough to retire anyway, even if she had her full contributions. IMO she should hold the AC, cut losses with that other shit, put that and the next five years of her contributions into a 60/40 index fund, and pray.

lnipjr

Bitcoin surpasses 1 Trillion dollar market cap!

Who would have thought **1 TRILLION DOLLARS** here are the world's top assets by cap, Bitcoin is now 8th 1. GOLD **$11.251 T** 2. Apple **$2.178 T** 3. Saudi Aramco **$2.037 T** 4. Microsoft **$1.839 T** 5. Amazon **$1.676 T** 6. Silver **$1.484 T** 7. Alphabet (Google) **$1.423 T** 8. Bitcoin **$1.0 T** 9. Tencent **$927.50 B** 10. Tesla **$758.65 B**

CryptoCurrency

I remembered not too long ago that the entire crypto mc was 1T. Now btc itself is 1T. What an insane run. Here's to another trillion in the next 2 years Edit: lol I was taking about btc 2T mc potential. But I don't mind to be pleasantly proven wrong :)

xtmj3c

Joint account with girlfriend - good idea or credit suicide

I’ve been with my girlfriend for approaching 2 years. Not currently living together due to employment but regularly seeing each other. We’ve been thinking of setting up a joint account that we can use together to solely pay for things like dates and holidays, saving us the faff of one person paying and then the other having to transfer the difference. We’ve both got good credit scores and reasonable incomes. Is this a reasonable or terrible idea?

UKPersonalFinance

I think it completely depends on the future you see with this person. Doing this can feel like a “step” in your relationship towards more linked lives when you aren’t in a position to be able to move in together etc. I honestly don’t think it’s a financial question as much as it is a relationship question. If it is solely for ease of transferring money then yeah it seems silly to link yourself financially just to save that bit of faff. But if it’s a step to take in your relationship then that’s a completely different thing in my opinion and only you and your girlfriend know if you are ready for that.

fe6wzr

Any financial/job tips for someone with severe mental health issues?

**Edit: thank you very much for your kind replies. Hearing reassurance from different people I don’t know instead of the mental health nurses and family is weirdly refreshing and quite overwhelming in a positive way. I appreciate everyone who has taken the time to read and reply. Thank you so much. Hi! 23 and (barely) living with anxiety and depression. Had it since probably 11, wasn’t diagnosed til 16. Have been on different medication since then. Fucked my 3 A’s in Alevels to BBB’s. Fucked my uni degree by taking 3 years to pass 1st year (first two halted by multiple suicide attempts and panic attacks) and not completing second year on my 4th year. Granted I did have jobs to support and pay for myself due to poor family relations during my second year in uni. After a difficult realisation that Uni is not for me, I had a job in Student Finance for 3 months before I broke down from the stress and supervisors who DID NOT CARE about potential students futures. That’s right folks, if SFE had a fuck up even though you did everything right, it sucks to be you. No special treatment. You’re not getting money in September. Changed into a zero hours contract cafe job. Was doing better. Pay wasn’t great but I was doing something most days ad up during the day. Then a sexual harassment incident happened. Said offender got “disciplinary action” but still worked full time hours, made fun of the incident often loudly saying in passing “don’t joke around women because you might get done for sexual harassment.” Realised company isn’t gonna do anything about it so changed jobs. Only stayed 6 months. Started working in a contact centre 2pm-10:30 pm. Was fine at first - did really well. Sales driven, Ok starting salary + commissions. Then started getting calls above my pay-grade and being told to “take initiative. ” it’s a very american “modern” timeshare company. QA’s basically either a fail or a pass. Customers more often rude than not. American colleagues even more so. Not seeing my partner, my only support network, most days was taking it’s toll on me. Supervisors did not care if you are not in their team. Clique mentality in the office. Had to take sick days which fucked my probation in month 6 - but this was fully signed by the doctor. Handed my fit to work note asking if there is any way I can come back to work in phases. Was ignored until I couldn’t come in for weeks. I had to quit because it physically pained me to get up and get ready to work. Have been jobless since late September. Was in A&E due to a failed OD attempt in October. Still crying everyday since. Every year I go to the GP get referred to CRISIS/START/Minds Matter with no result. I do a minimum 3 days of exercise each week. I eat healthy. But my sleeping has been fucked since September. Panic attacks getting worse. I cannot have a shower without my partner in the same room because I get panic attacks while in the shower. Managed to get an appointment with the ONLY consulting psychiatrist in the county in two weeks because my current doctor is a goddess and my partner demanded it to the START team. Minds Matter essentially discharged me because I was too severe for their services. I have no access to any therapy/counselling that could help me. Money wise we are struggling on 20k a year. We both have student overdraft. Mine is £2000 - monthly expense is only my phone contract at £20. I don’t leave the house so no going out/fun expense. Student overdraft don’t charge interest til next year, hopefully I’ll be well enough to work by then but I honestly don’t know. Also credit rating is probably bad rn since I have no incomings or outgoings in my bank anymore. I guess what I’m trying to say is that, can I still get a job in the future? My CV is going to be fucked. Is an apprenticeship a good idea to start my career from scratch again or would I be too old at 24/25 by then? Also does anyone know where I can get financial help for being ill so long? Thanks for reading if you got this far. Sorry for the depressing post.

UKPersonalFinance

I'll start by saying that having a spotty CV at 23 is in no way going to significantly hamper your professional life. There are plenty of 23 year olds who have yet to even have a job. If you've not got debts you aren't paying (student loans won't count) you credit score won't be massively impacted by being insolvent for a while. Time for a revaluation. You have options. You appear to thrive in a sales environment when people are decent and the support is there. That's good, it's a lucrative field and a skillset that has many applications. Apprenticeships are fine. Some people start them at 19, some at 30. At 24/5 you will be not unusually old and that extra maturity can be valued. But right now you don't seem to be in the headspace to hold a job. I am glad you are keeping up the battle to get help. It's hell, but keep trucking. Consider signing on if you haven't already. You might also qualify for Personal Independence Payment (PIP) if your MH problems are long documented and render you unable to work or Universal Credit. You don't have a councillor right now because our mental health system is fucked but that doesn't mean you can't work on yourself. Research anxiety migrating techniques or use those reccomended to you in the past. Set yourself small goals, and longer plans. Fix the things that are in your power to fix. Go to bed ever night, no phone, lights off at X time even if you don't sleep. Be stubborn. Get up in the day and repeat each night. Force yourself into that rythm. (I say at 4am) At the moment you can't shower when your partner is not in the room. Work up a progressing plan to combat this. Maybe they stay for the beginning, maybe they are right out the door with it open. Little by little you can take control of this. You have a supportive partner and a good doctor and (despite what you think) decent A levels. You clearly have the capacity to do well if you can get the support you need.

an4smt

Overpaid by work and now I owe them £2400. How do i get the tax back on that?

Hello, I changed from working full time to reduce my hours as I went back to uni. My work are slow in adjusting their pay for me and overpaid me for several months salary. They have sorted it now and i need to pay back almost £2400. Which is not great but not much i can do. Thats how much they have overpaid me, but it will have been taxed and national insurance deducted. Is there anyway to get that back? Or would i need to wait to the end of the tax year and receive a rebate? Thanks for the help.

UKPersonalFinance

As long as they correct it in payroll (check your HMRC online account) if you call HMRC they will be able to return to you sooner by taking less/returning it as a negative deduction on a future payslip.

yggx3k

What to do after splitting up?

Hi all, In a bit of a tricky situation, just a bit of context - I lived in England, had a crap job and was generally unhappy. I then met a girl while in Edinburgh - fast forward 5 years and we have a house together in Scotland, I have a job that I love and have made some great friends. However, we've now split and I don't know how to handle the house situation. We're both on good terms and have agreed I'll stay in the house (because I have no where else to go as my family as down south), subject to me being able to buy her out. I put down approx. 2/3 of the deposit, and we've since split bills equally. New build house £250k a year ago 50k deposit (which was 50/50 with a First Home Fund scheme) 200k mortgage. 5 year fixed at 2% (4 years left) My salary is £40k and I typically get a bonus around £10k. I only have around £5k in savings Now I need to work out if it's possible to buy her out. I believe the house is worth approx. £280-£300k at the moment. I don't know where to start? Should I speak with our solicitor who did our conveyancing? The mortgage broker? If the only option is to sell the house then I think I'd have to pack in my job and head back down south which I really don't want to do. Sorry if I've not been clear in any of the details. Struggling at the moment!

UKPersonalFinance

Why does selling the house mean moving down South? You could buy somewhere cheaper (a flat?), rent your own place, rent a room in a house share/be a lodger - I think all of those would be possible on 40k+bonus

lbkcm0

Daily FI discussion thread - Wednesday, February 03, 2021

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.

financialindependence

We are saving about 100k each year. In 10 years when we are 43, we could possibly have 3 million if we have 7% returns. If we were to do 110k each year, which is definitely doable, we would get to that same number only 5 months quicker. Starting to think maybe I should spend that extra 10k on more important stuff in life and not rush to the finish line.

402waz

Am I ready?

I'm 57 years old and wondering whether folks think I can retire. I have $2 million in investable assets, with an extra 150k as a cash buffer. I'll receive a pension of $52k a year (COLA's from 62 on), but no social security coming my way. I own my home and am single. Basic expenses are about $45k a year, so the pension will cover routine expenditures. I have the opportunity to retire now. What do people think? I don't really care for my job anymore. What do you think? Am I good to go for retirement?

financialindependence

Gee whiz...sounds like the only way you aren't ready is mentally, you know? Edit: In terms of confidence, is what I'm saying. In a thread a few days ago I wrote that I stood there with my hand on the knob for a good long while before mustering the resolve to pull the door open, even though I'd planned to exit the workforce for thirteen years and finally had the money to do so. Tough decision.

w9ntnr

After 2 years, still no improvement

If you are bored to read the whole recent story please proceed to the TLDR. A few months ago I posted here about a big loss. After that I took a break for 3 months and I resumed by creating a CFD account and adding 1000 euros to it. I managed to take the account to 1300 and withdrew 300 euro, leaving only the initial amount in it. Then 2 days later I slipped to my old habits and lost 400 euro, taking the account down to 600 euro. Then brought the account to 900 euro and after that it slipped to 300 euro. I decided to withdraw all the funds and stop trading until I could put my shit together. 1.5 months later I deposited 550 euro and managed to take the account to 1040 euro. What happened next was the same old story. From 1040 the account went at one point to 280 euros. And then I took it back to 940 euro. Yesterday , once again broke my rules, managed to lose 400 euro. I withdrew the whole amount and decided to do the FTMO 20k euro funded trader challenge. I was up 230 euro for the day, and then one 50 euro loss started it all. Ended the day from +230 euro to -460 euro, at 19560 euro, and close to the max daily loss , from which I would be disqualified immadiately. TLDR: ​ I have been trying to control my emotions since I started trading 2 years ago. My emotions fuck me up. My mentality is bad, and it shows in my swings. I eat like a bird , with streaks of several green days and then I shit like an elephant. I take big risks for small returns. And then If I lose I scale up (a perfect specimen of Martingale) and eat dirt. I rarely take the right decisions when I have to trade my real money. My normal (not funded challenge) demo account, is consistently green. I can't control myself, I have put so much value in money itself that any loss of it during trading is triggering a series of bad events. Thought that the funded trading thing would be easier, because it is also a demo account, but in reality, my mind probably perceived it differently because I paid for it. My quiver is running out of arrows. I want, but can't become a better version of me. A psychologist I visisted recently, told me I might have ADHD, based on my mood swings, the way I perceive myself and my behavior pattern in general ( he doesnt know anything trading related). Is there a light in the tunnel? Because I am running out of batteries...

Daytrading

Some great comments so I will just say it took me 2 years to become a break-even trader and nearly 4 years in total to become profitable. Profitable and consistent. **My best advice is not to give up. You are so close! It takes 5 years + to become a doctor and you'll make more than them in the end. So just be prepared for it to take time. It felt like forever for me and I can't tell you how many times I nearly gave up**

ycous7

Do you daytrade in the last 2 hours before market close?

Do you often daytrade in the last 2 hours before market close? If so, are you an overall winning trader and if so, how do you know which days are safer to day trade the last 2 hours? For me, I only day trade TQQQ/SQQQ and tend to avoid the last 2 hours because I can see from looking at many months of intra day charts that I'll never know in advance which days have the last 2 hours that move quite a bit and which days where it moves in a very tight range. I can't trade the tight range since that is where I always lose money. So I mostly just trade the first half of the day, knowing that there is almost always at least one decent run during that time, if not several.

Daytrading

Depends on the setup. I really hate to trade between 11-230 as the low volume causes the moves to take forever to develop. High volume in the morning is the best in general. As someone who trades options primarily the IV fluctuations between morning-mid-afternoon have to be kept in mind if I want to maximize my returns (and minimize my losses). I really don't like to hold a DT from the morning into the lunch hour, and if I do see something I like headed into power hour, I like to enter as IV starts ramping up (2-230 generally).

uhuk8j

5-3-22 SPY, Apple, QQQ, VIX Daily TA

Well another day another full ass reversal that makes 100% no sense at all. This is how I know the markets in a weird place when reversals start happening over and over again I know markets ready to make a big move. I favor a bull run over the next two weeks leading into CPI on 5/11/22. ​ https://preview.redd.it/3ul6rw1bwcx81.png?width=975&format=png&auto=webp&s=b0deb30d8d4885418e144549d614bd03046980e7 In all retrospect though we pretty much had a sideways range day trading within a $5.57 range. With major support at 414.5 and major resistance at 418. I hate to scream manipulation or just overall BS on intraday movements but the fact the VIX unwound from 32.72 all the way to 29.26 end of day and SPY didn’t see a 2%+ rally is a little sus for sure. Intraday watching the volume and the VIX you could tell it was being artificially clapped down and forced to trade here within this 414.5 to 418 range. It didn’t want stay under 414.5 and it sure didn’t wanna break that 418. The odd thing is that 418 really was not a major support at all. 420 I could have seen rejection there and strong resistance but 418 really doesn’t add up. I think the MM had this held down until JPOW drops the rate hike tomorrow personally. But we will get true market sentiment tomorrow morning. ​ https://preview.redd.it/worppjnbwcx81.png?width=975&format=png&auto=webp&s=808f10db132f1a7ea4f1ad8440c8247962101c6a ​ https://preview.redd.it/3evtci4cwcx81.png?width=975&format=png&auto=webp&s=98c4cedbf0bf4430b8593b9c62da667a3b62029e See where we are at right now and where they pinned us at? That’s right… they pinned us right against the bear channel resistance line that’s going on two weeks long now (started April 21st). So that means we are either going to see a massive move down again or a massive breakout. Personally I favor the breakout. I think over night we are going to hold this 415.7 support and trade near 418 and break the channel over night and see a fairly bullish morning and once (and hopefully once) JPOW cements it with the 50bps markets will see a massive EOD rally tomorrow and trade higher into the end of the week. Now if JPOW comes out with something wild like a 75 or 100bps hike well we are gonna get that massive sell off and break that 400 level. ​ https://preview.redd.it/tvlbvtkcwcx81.png?width=817&format=png&auto=webp&s=05382f2bcac3473ffb873677f9992f77ffa0d85f ​ https://preview.redd.it/j987ovycwcx81.png?width=777&format=png&auto=webp&s=502506f207544d1b37a9c3a481497baed7d472cc On the daily we pretty much are leveling up as the week goes on. With bouncing off the 405 support and finishing at 415 support yesterday. Today SPY attempted to break lower but ended up rejecting resistance at 420 (failed to make it there officially) but managed to hold support EOD at 415. Tomorrow SPY Bulls will look to break that 420 level and break the now resistance at the daily 8ema of 421.13. An ideal finish for bulls tomorrow is above 428 resistance which means they need to see a larger 2.8% move tomorrow, but at minimum bulls nee this to close above the daily 8ema and closer to 425 which is a 2% move tomorrow. After two days of less than 1% closes it seems like a tall order but with the vix near 30 it should be fairly easily especially on a big fed news day. Tomorrow bears will look to break that 415 support and close at or below the 410 support level. This would be easily obtained if JPOW drops the 75 or 100bps hike. ​ https://preview.redd.it/4xym733fwcx81.png?width=975&format=png&auto=webp&s=b5efd825c277d0630b73a291226ef5ce3c5a6fc4 Personally I think we see the 50bps hike. From what ive been reading and hearing the expectation now is three 50bps hikes (May, June and July). The narrative is currently inflation is peaking so it would be a little surprising to see something outside of that. JPOW with the exception of January has also been very predictable and the market likes predictable. So unless we see the 50bps at 2pm and then JPOW during questioning says something to spook the market I really forsee a fairly green rally tomorrow. ​ https://preview.redd.it/dlo7zk1gwcx81.png?width=975&format=png&auto=webp&s=038f9cb5f03d219026b165e5a2ff6aeac5df653b Apple had a great day today in terms of longer term bullish momentum. As I had mentioned very rarely does Apple drop more than one candle in a row below the 200ema and look at that they closed it back above the daily 200ema which now sits at 158.17. However, bulls were not able to break that daily 8ema at 160.35. I will look for bulls to close near that daily 20ema at 163.59. Bears will want to see this closed back under the daily 200ema tomorrow. ​ https://preview.redd.it/s7aieuogwcx81.png?width=975&format=png&auto=webp&s=67eda1ae8a278a94b0024e2151ead806686e1041 ​ https://preview.redd.it/re0im3ahwcx81.png?width=975&format=png&auto=webp&s=5ad6a477264bf8774a5f31819fd0b9b2a8a83378 QQQ is in a similar position of SPY with it leveling up but failing to breach its daily 8ema and failing to breach the next level of resistance which is 323 for QQQ. QQQ bulls will need this to break 323 and aim for a close closer to that next resistance level of 328 for an end of week rally. Bears will look to break back below the support at 318 and push for another lower low by end of week. ​ https://preview.redd.it/ht2xwushwcx81.png?width=850&format=png&auto=webp&s=6353641893e7ce253f0485ad287b55ada34aa3c8 The VIX had a pretty massive day today actually. I was impressed to see it unwind from its heights of 32.82 to its low of 29.06 for a total of 12.9% movement downward today. But SPY failed to see and do anything with this. Normally a movement like this would bring SPY to the moon but as I mentioned the intraday volume clearly was keeping SPY down. Now that we are back closer to the currently happy VIX spot of 28 to 33.5 it will be interesting tomorrow to see if the VIX rockets back near 33 of if its going to start its unwind back down to its 2022 average closer to 18-21. 10% challenge- Today was a good and bad day. I made some great trades this morning that unfortunately were erased by that end of day dump. I truly expect us to reach HOD end of day but it just didn’t have it in the cards today. 5/3/2022 Call 1dte 8% 5/3/2022 Call 1dte 5% 5/3/2022 Call 1dte 3% 5/3/2022 Call 1dte 18% 5/3/2022 Call 1dte -50% The last one on my log the 1dte calls at -50% I ended up selling half my current position and decided to ride the rest till tomorrow and put some faith in JPOW and the market to have a rally tomorrow. Either way cutting that at 50% today takes 1/3 of my risk off the table as I am carrying actually a lot into tomorrow that I don’t normally do at all. Its definitely not what I had planned but my calls got wrecked so fast and I failed to exit when I had the chance at -30% so decided I was just going to let them ride. With hopes of an IV spike tomorrow morning/ afternoon due to JPOW and just overall feeling bullish I made a calculated play. Overall if my call positions go to -100% I still wont be hurting too much. Overall it would hurt but it is what it is at this point. Putting faith in JPOW to get that printer on one last time. Overall for all three of my positions I wil need to see 425 tomorrow if IV was to remain the same to breakeven. ​ https://preview.redd.it/v8t6bbciwcx81.png?width=653&format=png&auto=webp&s=b9c196194be48165cf8ec64fff9e26602dd5969a Hyperwheel wise I was able to roll my puts one time for a small credit so im getting close to beating buy and hold. I was looking for an EOD rally but that didn’t happen to close these puts at a pretty nice profit but right now I am slightly green and as of now letting them ride. With these not expiring till Friday and my break even already about $3 lower then when I sold them due to theta I feel pretty confident that by Friday these will be profitable to roll into next week green. Worst comes to worse EOW I will roll one more time till next Friday expecting a rally next week. ​ https://preview.redd.it/s2a95uyiwcx81.png?width=853&format=png&auto=webp&s=931931f02f2b710c131b54e231b86954526cdaad

Daytrading

Dump in the morning after premarket run up. Test $416-415. Bounce up, break $419 and then go to $420-423-425. Bounce in the morning to hit $420, reject down to $415. Bounce really to $420 and break to $422-424

toarrz

8 Reasons To Never Bet Against the US

#Intro I’m going to outline 8 reasons why I believe the US remains the best place in the world to invest. This will cover culture, future projections, economic sectors, and international relations. This is going to try to remain as factual as possible with all information sited. Each of these bullet points is going to be generally stating why the US markets have an advantage over other developed markets like Europe and Japan or an advantage over developing markets such as China and India. [This is the theory behind the strategy that I run]( https://www.reddit.com/r/FinancialAnalysis/comments/ry1qq5/efficient_leveraged_portfolios/) and suggest to people to best take advantage of this market. ###More Investors * In the United States if you want to retire well off you need to be invested in all non-outlier cases. Some people chose real estate, but stocks are far more popular. About [5 percent of people own a second property]( https://eyeonhousing.org/2020/10/nations-stock-of-second-homes-2/) which I’m using as a rough proxy for how many people would be considered real estate investors. The point is that it’s a very low number. To contrast this between [52]( https://www.pewresearch.org/fact-tank/2020/03/25/more-than-half-of-u-s-households-have-some-investment-in-the-stock-market/) and [56]( https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx) percent of people are invested in the stock market. Social security exists as a safety net, but it will barely keep you out of poverty. In the 1980’s [60% of workers had a defined benefit pension. This is down to just 4% now.]( https://money.cnn.com/retirement/guide/pensions_basics.moneymag/index7.htm) This means that if a majority of people currently working want to retire comfortably, they need the market to do well. This is a bullish sign for the market for two main reasons. The first is that most of these people are adding a portion of their paycheck to various index funds every other week. These massive monetary inflows create a permanent upward pressure on the market. The second reason is less direct, but due to the scale of the incentive for the market to do well, laws, regulations, and interest rates are all going to be biased in favor of the market. This explains a reason why the US market should trend up, but why should it trend up faster than other markets? The answer is that the percentage of people who invest in other countries is far smaller. [15% of people in Germany, 17% of people in the Netherlands, 33% of people in the UK]( https://money.cnn.com/retirement/guide/pensions_basics.moneymag/index7.htm), and [only 7% of people in China]( https://www.thebalance.com/china-stock-market-shanghai-shenzhen-hong-kong-3305480#:~:text=Only%207%20percent%20of%20China's,swings%20in%20China's%20stock%20market.&text=In%20China%2C%20less%20than%2020,is%20in%20the%20stock%20market.) hold stocks. This means the inflows to their markets are smaller and the incentive to favor the market in their national policies is weaker. This is only one of many factors that influence market movements. ###High Consumer Spending * In the United States people are incredibly fond of spending. It’s quite straightforward that a lot of spending means a lot of money flowing into businesses. These elevated cashflows directly lead to increased stock prices. Now of course not all companies only do business in their home country, but that’s where most of their revenue typically comes from. The way I decided to compare this with other countries spending is by looking at [household consumption as a percent of GDP]( https://www.theglobaleconomy.com/rankings/consumption_GDP/#:~:text=Household%20consumption%20is%20about%2060,over%2080%20percent%20of%20GDP.). The US is not at the top of the list, but it is significantly higher than most of its wealthy peers. 68% of US GDP comes from household consumption compared to 52% in Japan or 51% in the EU. You can also see the [sheer scale of US consumer spending when it’s displayed nominally]( https://www.theglobaleconomy.com/rankings/household_consumption_dollars/). The people of the US spend 7x as much as the people of Germany, even though the US only has a bit over 3x the people. ###Low (Enough) Corruption * Despite all of the issues you see on the news about the US government and its politicians, it’s a relatively uncorrupted country. [While it scores far from the top on the control of corruption index]( https://www.theglobaleconomy.com/rankings/wb_corruption/) the idea is that it’s more than good enough to invest in. The main point is that it ranks far above most major developing countries that could in theory outgrow the US markets in the next couple decades such as Brazil, India, and China. Despite these countries generally having higher annual GDP growth, their uncertainty and inconsistency when it comes to investing scares away a lot of potential money. This gives the US markets an advantage over most developing markets but doesn’t provide any advantage over Europe for this point. ###Past Performance Indicates Future Performance * Everyone has heard that past performance doesn’t guarantee future results, but guarantee is the problem word there. Nothing in the market is guaranteed, but the past is still a fantastic indictor of what we can expect in the future, broadly speaking. US markets have grown at an average rate of 5-10% annually for many decades depending on what time frame you look at. This is not as true for other developed economies. Over the past 25 years the US [has returned 50% more on average annually]( http://www.lazyportfolioetf.com/comparison/european-stocks-vs-us-stocks/) than a comparable portfolio of European stocks. The time frame is somewhat restrained by the data available in some emerging countries such as Brazil and India who both only got stable exchanges in the 1990’s. This is still far enough back to cover multiple business cycles and generally give an idea of expected returns. Over the same time frame [emerging markets returned a very similar amount]( http://www.lazyportfolioetf.com/allocation/emerging-markets/) to their European counterparts. Of course the future could be very different, but past performance suggests that the US has the right combination of traits to be the most successful market and most of those traits likely remain. ###Continued Population Growth * One of the biggest long run concerns of investors is that population growth is stagnating or even dropping in the most developed countries. The last hundred years of growth have been greatly assisted by an ever increasing population. Japan’s stock market is famously very flat. It remains [below it’s high that was achieved in the 1990s]( https://tradingeconomics.com/japan/stock-market). There are a variety of reasons for this but one of the major concerns with the country is that there population has appeared to peak and has been slowly trending down since 2010. Estimates project that they will fall from 126 million to 75 million by 2100. [The EU faces a similar issue]( https://ec.europa.eu/eurostat/web/products-eurostat-news/-/DDN-20190710-1). They are projected to fall from 450 million to 416 million by 2100. This is where the US completely stands out from the rest of the developed world. The US is [projected to increase in population from 330 million to 430 million]( https://en.wikipedia.org/wiki/Projections_of_population_growth) in this same time frame. This growth rate is on par with many developing countries and far ahead of ones like China and Brazil who are expected to shrink. I can’t state strongly enough how much of a comparative boost this will provide the US. I also want to point out that most of this growth is expected to come from immigration as our birth rates aren’t that much different than Europe. ###Global Reserve Currency * The USD is what is known as the global reserve currency. Central banks around the world hold significant amounts of foreign currency for a variety of reasons. These include the ability to stabilize your own currency against another, facilitate international trade, and to provide protection in case of market shocks. It makes sense that other countries would hold something they think is stable, useful, and commonly accepted. The USD is this currency more often than not making up [59% of all foreign reserves]( https://blogs.imf.org/2021/05/05/us-dollar-share-of-global-foreign-exchange-reserves-drops-to-25-year-low/). It cannot be understated how powerful of an economic tool this is. We have just seen this in action when sanctions were placed on Russia. The US government [has frozen more than half a trillion in Russian reserves]( https://www.nytimes.com/2022/02/28/us/politics/us-sanctions-russia-central-bank.html). Another example of this being used was in 2020 when the US created trillions of new dollars. This increase in money supply was not only born by US citizens. It was absorbed globally due to the extensive currency reserves. Why does this give US markets an advantage? It provides the country as a whole with a powerful weapon that can be used to push the world into a more favorable position. It means the US can use QE to escape recession more effective than any other country, on paper at least. Lastly, it makes foreign trade incredibly easy. All of these are pieces that provide better economic conditions than their competitors can create. ###Military Dominance * It’s no secret that the US spends a lot on its military. The scale is sometimes lost on people though because there’s a huge difference between being the biggest, and [being larger than the next nine combined]( https://www.visualcapitalist.com/u-s-military-spending-vs-other-top-countries/). This military dominance is tremendously beneficial to the overall health of the economy for a couple of reasons. The first is that it provides an incredibly safe place to do business. People are hesitant about doing business in a country that has even a tiny threat of being invaded. An example that’s frequently talked about on Reddit is the possible risk of investing in Taiwan due to its proximity and scale compared to China. The US has both an ocean and the worlds largest military separating it from any hostile powers. Notice how even though Germany wasn’t attacked by Russia last month, there was still [substantial fear]( https://tradingeconomics.com/germany/stock-market) in their financial markets, though a large portion of this was related to energy fears - another issue the US outperforms in. People might mention that nuclear weapons could reach the US from just about anywhere, but I consider that a non-point. The minute nukes start flying the minute your money doesn’t mean anything anymore. There’s also an economic side to the military that can be broken into two parts. The first is that that 800 billion dollar budget needs to be spent somewhere and that somewhere is in the US economy. In the latest budget [a staggering 130 billion is allocated to research and development]( https://www.bloomberg.com/news/articles/2022-03-23/white-house-to-seek-813-3-billion-national-security-budget), as an example. A secondary economic factor is that this military power allows the US to provide the same protection it provides itself to its allies. Groups like NATO have a “common defense clause” that basically say if you attack any member you have attacked all of the members. So even though a country like Iceland [doesn’t have a military]( https://www.nato.int/cps/en/natohq/declassified_162083.htm#:~:text=Iceland%20is%20the%20only%20Ally,the%20Alliance%20until%20the%201990s.) it is still quite safe from invasion because no one wants to go to war with the rest of the pact. Having these safe allies provides both a great place to do business, which leads to economics and trade growth. ###Key Industry Dominance * Lastly, the US has economic dominance in two of the world’s most crucial industries, energy and technology. The US [is the world’s largest oil producer]( https://www.eia.gov/tools/faqs/faq.php?id=709&t=6) which drastically reduces their reliance on hostile foreign governments. This doesn’t mean that the country is immune to changes in the global price of oil, but it does offer comparative lower prices [than most of their developed competitors]( https://www.theglobaleconomy.com/rankings/gasoline_prices/). It also provides some security if the world enters into a depression or becomes more fractured. On a more abstract note, the US is also the [global leader in technological development]( https://info.kpmg.us/news-perspectives/technology-innovation/us-extends-tech-innovation-leadership.html#:~:text=China%20is%20close%20behind%20but,Silicon%20Valley%20are%20rising%20fast.&text=More%20than%20a%20third%20of,2018%20global%20technology%20innovation%20survey.). Technology is the backbone of the economy and being one step ahead of the rest of the world is an incredible advantage. A huge number of the worlds most advanced projects and highest potential innovations are being done by US based tech companies and this is unlikely to change anytime soon. While China is ranked #2 and gaining ground, this is not as significant as it may seem. China is not investor friendly and is unlikely to change that. Investor money is still going to flow to the US for the foreseeable future. #Conclusion This has been a **BULL** case for the united states. There are currently no intentions to write a bear case as most of the points are simply going to be the inverse of the ones stated here. The goal of this post is to highlight why I believe the US, despite the last decade of massive growth, is still the worlds best place to invest and will remain so for the foreseeable future. If you want to refute one of the points please, I beg you, back up what you say with reputable sources. One thing I want to note is that just because a company is US based, that doesn’t mean those companies have a strictly US based revenue stream. Most of the massive companies that drive the market’s growth are international. If the US goes into a deep recession, most of the world will also likely go into a deep recession. There are benefits to diversification but adding more to a portfolio does not always make it better! #TLDR The US’s excess growth compared to other developed countries is not an anomaly. The US is highly unlikely to follow in the footsteps of countries like Japan. There are numerous factors that drove our growth that still exist and will continue to exist for the foreseeable future.

stocks

>A huge number of the worlds most advanced projects and highest potential innovations are being done by US based tech companies and this is unlikely to change anytime soon I think this is the point I value the most. We are leaders in innovation. I do wish we'd invest even more in higher education so we can continue that lead.

umzmw6

My mom maxed out a credit card in my name without me knowing

So I shipped off to basic combat training for the army, and 6 months later when I’m ready to graduate I found out a new account had been opened up that I didn’t know about. My credit score dropped significantly. There was $701 worth of charges. I called the company to see what happened and they told me my mother was an authorized user on the account. They read me what the charges were and I knew it was her. How the hell can somebody open up a whole account without me knowing? She’s always had financial issues since her divorce and is constantly in some sort of debt. Anyways, my credit has been negatively affected and the account became delinquent. Any advice on what I should do here? I don’t want her to get in trouble but I can’t let my credit be affected by charges that aren’t mine

personalfinance

You're in the Army yes? Something I'm not seeing anyone else mention here so I will (retired Army Officer), you need to follow the advice about reporting her to the police and disputing the charges but you also need to inform your chain of command so as to get in front of it. In the future, if you are investigated for a security clearance, especially a high security clearance, and when you come up for promotion to Sergeant or above, especially if you are looked at for any kind of officer candidate program, or if you try to get into some of the really high tech fields, this will count against you if you don't get it fixed. Unpaid debts and perceived money issues will literally get you denied for higher level security clearances and positions because it is seen as a possible avenue for extortion and blackmail by foreign agencies. Even if such things are not something you are looking at in your future, creditors contacting your chain of command with get you on your commander's and First Sergeant's crap lists fast. Report her and get this fixed because it can screw up your entire future.

p5el01

Is 32k a year good for a 21 year old?

Just a little background. I'm trying to plan my financial goals for the next 10 years or so. I worked a few random jobs here and there durring high-school but after high-school I landed a job with my county government doing construction. I made a personal decision not to go to college despite graduating with 4.0 honor roll. I knew it would make my life harder but was willing to take that gamble. I've been at the county for 2.5 years now and have gotten promoted once already. We don't work off of contracts so I'm guaranteed 40 hours a week and I will have a job forever if I don't leave. My yearly was about 28k when I started and it's 32k now. I get a lot of overtime though so I estimate it's actually around 35k. I have full benefits, health, dental, insurance, a 401k and pension. I've stayed at this job because nothing better has presented itself yet. I know without college it would be harder to find good jobs as fast. But I am 21 and was just wondering what some more expirenced people think about my situation. My rent is 800 a month. And my bills monthly are about 1100 total a month including rent. And if there's any tips that could help me improve. Thank you

personalfinance

“Good” is relative. If you can live the life you want, pay your bills, save for retirement, save an emergency fund, etc., then you’re doing fine. If things are tight then I would consider other career options, including going to community college and working on an Associates degree (and eventually going to a 4 year school) or going to trade school. Since you are looking at 10 year goals, I would consider whether you want to start a family and/or purchase a house in that timeframe and whether $32k/yr would be enough for that in your location.

qhracq

Best way to execute an option?

Hey guys! I bought 6 naked calls of a stock with a strike price of 7.5. Stock is now at 9.31. What’s the most profitable way to execute this? I can sell the call I think, but that only pays out about $1100. Isn’t executing a better option? Wouldn’t I have to have the 43k in my account in order to do that (value at face price) Help lol

options

When you exercise a call you give up all of its extrinsic value. It's almost always more profitable to sell the call instead of exercising. Exception is when liquidity of the option is so bad that you give up more from the bid-ask spread when selling. If you don't know what any of those words are, sell, be very happy you made like 500% gains, and watch like 4h of YouTube tutorials

vgfxk4

Closing down a joint account (no contact with other party)

This has been a long ordeal. My ex-wife and I had (I suppose technically still have) a joint account for bills. I’ve no way of contacting her, and the account is sitting dormant with £15 in it and has had zero activity since April 2016. When I first contacted the bank (Halifax) they recommended I put a freeze on. So I did. Since then, they’ve said they can’t close it down without both parties agreeing, but if I hadn’t put a freeze on I would have been able to. I’ve contacted Halifax multiple times, the financial ombudsman several times but it seems there’s nothing else I can do. I’ve had them send out multiple letters to whatever address they think she has; I’ve no idea if she lives there, no idea if she’s even alive at this point and have no way of finding out. This has been going on since 2016 and, six years later, I still don’t want my name attached to hers in any way. So, I’m turning to this community, is there anything I can do apart from have them keep sending letters which seemingly keep being ignored? Or am I destined to always have this account? Edit: Just called them and they said they can’t take my name off either, as even that needs both parties to agree.

UKPersonalFinance

Given that it's frozen, I suppose the money can't be spent and would need to be disposed of by returning it to the owner(s). IANAL, but l would have thought you could unilaterally surrender your right to your share of the funds. Any other option should require agreement from the other owner, or proof that they were dead or that you have power of attorney for them.

ry61v5

Am I the only one looking at the stocks charts and feeling a mild panic?

OK, so I'm new-ish to investing and I know I'm not meant to check values each day and I know it's a long term investment (I'm looking at 10-12 years) but seeing my pension and ISA diminish by the day is just a little unnerving. Any reassuring words from you wise UKPersonalFinancers?

UKPersonalFinance

Until you are 5 years from retirement look at it as a hobby, that hobby is collecting shares. The price is irrelevant for you now, you just need to collect. Reinvest dividends...get more shares for your collection. Have a diversified mix.

w6egca

Your thoughts on $META before earnings.

Do you think it will dissapoint or have a positive surprise and why? It has already dropped 7% after $SNAP earnings, therefore I would expect a smaller drop than the last time, but anything can happen I guess. I would love to hear why you like the stock at current price, or why do you think its still overvalued

stocks

I'm reposting my old comment, but here are my bull cases: META has: - Essentially no debt (40B in total liabilities, of which 12B is long term debt. 21B in current liabilities, 1B of which is current debt). - It generated 40B in FCF in 2021, compared to 20B in 2019 and 8B in 2015. - The P/E is typically in the 20-40 range, and today is at 13. - Its Price/FCF is also at historic lows (11, compared to its usual 20-50 range). - It's now buying back shares, reducing shares outstanding by 4% last quarter and 1% each of the 2 quarters before that. - It's forecast to grow between 9-15% the next few years, compared to the past decade of 20 to 40% growth. If it beats that, I'd expect a large revision upwards of the stock price. - Currently, its stock price is down 53% from 1 year ago. How much more downside can there be for a company with this much money? - META's average revenue per user is growing: from 12 bucks a user in 2015 to 41 bucks a user in 2021. Now consider the size of its existing base of users. [Graph](https://i.imgur.com/iyeXdXW.png) - Net margins generally stay above 25%, currently in the 30s. This is much higher and more consistent than say Google (around 29 now, but has seen a lot more volatility). - Any DCF I've seen shows that it is fairly valued even if revenue grows by 3-5% long term instead of its historic 20-40% growth - 5 year return on invested capital is 16% Let me add some more qualitative remarks: - It has survived many scandals and will continue to - Whatsapp is used around the world by a few billion people and can be monetized (maybe?) - Who knows if metaverse works!? I certainly am not interested, it is just a bonus if it works. - Reels could displace TikTok especially if there is a ban (see FCC remarks on TikTok). TikTok is spyware! - Companies like META have some of the best talent in AI/machine learning, and these skills transfer to a variety of profit-generating services. A similar case is there for GOOG and MSFT. You get high quality employees at companies like this. - The uncertainty/fear around META is more than made up for by the valuations. You aren't going to find firms as cheap without those major risks anyway. Disclaimer: I own 7 shares @ 175

uy6c1k

GME long term is a speculative bet at best, but can anyone prove a serious short term bear case?

Seriously I've been scouring for any bear conversation about the short term that includes one single brain cell of activity. Lots of people quick to point out the lack of long term fundamentals, and sir to you I say, this is a casino, behind a dumpster, behind a Wendy's. Someone tell me why this is not one of the most one sided short term best we have ever seen I'm not talking about some of the more extreme theories on the spin off subreddits, but the actual public data surrounding the stock recently. Specifically; 25% and up short interest, 70+ days at 100% utilization, and cost to borrow spiking like it did on the initial "squeeze" It seems like a no Brainer, and frankly all the bearish comments are disappointing, can anyone actually tell me why a short term squeeze won't happen at this point? Edit: 3 hours in, lots of long term bear cases, and people calling it a cult, no actual short term bear cases and the stock is up 20% on open LMAO

wallstreetbets

Short term risk is the recession and the fact that it's speculative and a highly manipulated equity. That should be enough to give second thought. Think about it, this is a stock where it has been shown time and time again that if you are playing short term trades, you can and will get fucked if you don't play it well. Most people that make a shit ton of money get in early (whatever that means) and know when to leave. A good chunk of people scalp a couple trades to make ok profits. But majority of people likely chase due to FOMO and lose a shit ton of money when it pumps and dumps.

9sl4eb

I opened a savings account today.

I haven't had one in ...years. I've been homeless around 6 times (or seven i can't remember) and just passed my 2 year not homeless mark. I got a chime bank account recently (a real account, not prepaid, finally - just virtual). I put my last 2 dollars in it. I have a few savings strategies but I've always felt defeated looking at places like r/povertyfinance feeling like it's not enough, what i can save each check. Really, though, having $1,000 is the difference between sheltered and unsheltered. It's a few more seconds of breathing room when it's sorely needed. So it's not minimal. So here are my (minimal but pretty big for me) savings strategies: use the food bank rather than grocery shopping as much as possible. I can go once per week and they give a lot of useful food. also, limit eating out/delivery. i have the round up function turned on to round up the nearest dollar and put it in my savings account. put SOMETHING out of every check away. $50. $100. (ideally i'm gonna get up to 10 percent of every check). Something. I take money out of the ATM each check to pay my therapist. I'm going to take an extra $20-60 out each time and put it in a piggy bank at home - out of site, out of mind - and put any found change there as well. i'm giving myself a prize (samsung galaxy s9) when I've got 1 thousand in my account to stay. i have the obamaphone now, so technically i could just not do postpaid until next october (which, hey, i might)but i kinda wanna buy myself something fun. put my tax return automatically in the savings account. i'm really bad at this, but i know that even 2k-3k could be the difference between homeless and not, so, for now, i'll save what i can.

povertyfinance

Congrats on making progress, and good luck! One little suggestion is if you aim for last year's model on cell phones, like the S8, they are drastically cheaper, and are nearly functionally similar. But if a S9 is your dream and your motivating goal, then feel free to ignore me.

drw7g0

Daily FI discussion thread - November 05, 2019

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.

financialindependence

New adult here. Let me get this straight: For the next four months, I'm expected to go work inside a building all day, and then when I come out, it's dark, and I'm supposed to be fine with this? Where is the sun? Why can't I work at a different time? Oh, and if I complain, I'm an entitled child? This is dumb.

qnzy3f

If you only now asking what to buy after Bill passed, do yourself a favor and just buy VTI

If you really trying to actively manage your portfolio, you need to try to predict future not react to what already happened . Your plays on IB / social bill should have been planned when election results were tilting toward Biden victory and after GA senate results or when first rumors about bills appeared in the media because every intern in large investment firm was doing pdf presentation with what to buy all night when it’s happened Sure , you might see a bump here and there but don’t be surprised if a lot of IB stocks will see a sell off due to people knowing final bill details and what companies get what slice and how earning will be affected We just had best October in 6 years in anticipation of bills been passed

stocks

I swear to God all the shit that everyone spews out of their mouth is a product of confirmation bias. If something doesn't go the way it was predicted because "iTS PriCeD iN!" then they'll bring up some obscure data point that had nothing to do with the markets reaction and make it seem as if THEY knew it the entire time. "iF You jUst LOoked aT teh DaTa!" Fucking all mouth breathers, the lot of you. Just admit like the rest of us, you are just a fuckin gambler who got lucky.

y6603a

Daily FI discussion thread - Monday, October 17, 2022

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.

financialindependence

I can't explain how exciting this is, my kids college just offered him a $16k/year scholarship for all four years. This is basically paying for 40% of the whole thing for free. What a huge deal, incredible news. Just had to jump for joy a little, thanks for listening

zzgsid

In case we forgot, DTCC committed international securities fraud, and this is simplified down below

\*this post is an excerpt from [The Coming Horrors Awaiting Shorts Pt. 4](https://www.reddit.com/r/Superstonk/comments/whw0fy/the_coming_horrors_awaiting_shorts_part_4_the/)\* It’s time for… Math for Simple Minds Let’s just pretend that 100 total shares of GameStop should exist pre share dividend. And let’s pretend that 10 percent of those are held in Computershare (10 shares). After the dividend is issued and distributed, 400 shares of GameStop should now exist. 40 shares should be held in computer share. 360 shares should be held by everyone else. That’s in a perfect beautiful world…not the world we live in. We know that the number of synthetic shares floating around is …a lot. Let’s be nice and just assume that only 10x the real number of shares exist (1000 shares for our simple example), before GameStop’s share dividend. **How the DTC dun messed up:** GameStop’s statement confirms that the dividend shares went to Computershare, Computershare then presumably took real shares and issued them as dividend shares for its account holders…then gave the rest to the DTC. The DTC may have not issued any of those shares to brokers. That’s possible based on what we know right now since it instructed brokers around the globe to treat GameStop’s event as a standard forward stock split. In our little scenario…we said that there were 1,000 shares of GameStop floating around, and 100 of them were real. **Pre Split:** 100 total real shares + 900 synthetics = 1000 10 real shares held in Computershare 90 real held in brokerage accounts 900 synthetic shares held in brokerage accounts **Post Split:** 400 real shares 40 held in Computershare 360 held in brokerage accounts …what happened to the synthetics? Well, if the DTC received 270 real shares from Computershare to distribute (300 – 30), and issued none of them…and instead told brokers to just split accounts by 4… 900 synthetics x 4 = 3,600 90 real broker shares x 4 = 360 **Total Shares Post Split:** 40 shares in Computershare (all real). 270 shares held by the DTC (not distributed) 3,600 synthetic shares that never were entitled to a share dividend 90 real shares held in brokerage accounts that never received a real share 270 new IOUS for the 90 real shares that should have come from the DTC **So now there are a total of:** 400 real shares 3,870 IOUs (we prefer to call them whoopsies) For a total of 4,270 shares. The Numbers Mason…what do they mean? The DTC took a bad problem and made it worse. By instructing brokers to split shares and failing to deliver dividend shares, it’s accidentally rewarded every IOU floating around in a brokerage account with a share dividend of 3 extra shares. To be clear, I don't even think it matters what the DTC did (or didn't) do with the shares it received from ComputerShare. Even if they distributed all of them, they still instructed every broker to multiply every IOU x 4. Not only is this massive securities fraud…probably unlike anything we’ve ever seen before…but it’s massively diluting the float of GameStop illegally. Oh yeah, and it’s a big effing problem if people could somehow…you know…start removing shares from the DTC and putting them in their own names. Welcome to the DRS purge.

Superstonk

Your post shows basic misunderstanding of how the system works. There is a ledger at Computershare that lists all shares and their owners. One of those registered owners is Cede & Co, who holds the shares on behalf of DTCC. DTC has a separate ledger. In that ledger DTC records the net holdings of beneficial ownership of Gamestop of the multiple DTC participants (brokers and invest banks). DTC does not hold any "real" shares. They stay in the Cede account at Computershare. The sum of net holdings of all DTC participants (in the DTC ledger) should equal the number of shares held by Cede in the Computershare ledger. Each broker has their own third level of ledgers. This ledger includes the beneficial holding of each customer. The sum of all customer holdings, both long and short, should equal the number of beneficial shares in the broker's account at DTC. If a customer is an entity such as an investment LLC, it will have a 4 level of ledger that shows the beneficial holdings of GME by each of the LLC members. I include this additional level of ledger because further down it helps to show how "split or stock dividend" is not relevant in the beneficial holding ledgers. As with the other ledgers, there must be an equal number of shares in the LLC account at the broker, and the sum of shares in the LLC member accounts on the LLC ledger. ———————————————- Once this hierarchy of ledgers is understood, it should be obvious that your description of Computershare sending shares to DTCC, or there being 90 "real" shares in the broker's accounts is not really an accurate (or useful) description. Edit to add: Understanding the multiple ledgers, and the fact that all issued shares of GME stay at Computershare makes it clear that statements like "if the DTCC received 270 real shares from Computershare and issued none of them" is not something that could occur.

qv1e09

Please be careful. There is a new scam going around and it cost my friend 38 ETH.

So around yesterday afternoon my friend wanted to jump on MetaMask since he was going to convert some shit coins that he threw some money into, a few months back, and convert them into stablecoin. To give you some context, he's got a degree in computer science and is well versed in cyber security. He's been into cryptocurrency for a solid 3-4 years now and has made a fortune out of some good projects. Overall, he knows all the generic scams such as the 'copy-paste' scam (where your computer has a virus and this virus changes your address to the scammers address when transferring funds), the gas-fee scam, and a multitude of others. Idk if it was a lapse of judgement, or just error on his part, but he said he accidently clicked on a Google ad for MetaMask wallet, which forwarded him onto a site with a near *exact* replica of the official website. It was phishing website that copied the brand and messaging of the original wallet website, to near *perfection*. Luckily, this was only one of many wallets that he had and the scammers ran away with 38ETH & the remaining amount of shit coins left. In total, he lost perhaps \~$190,000 USD, including the shit coins. To make matters worse, MetaMask took far too long to help him and to offer him support and the scammers successfully made way with the funds. Please stay vigilant. Don't get complacent. Part of the responsibility we have with cryptocurrency is to **self-manage**. If this is to replace the current banking system, we need to understand how important it is to uphold security of our wallets and our private keys. TL: DR; Do not click on **ANY** Google ad search suggestions under **ANY** circumstance.

CryptoCurrency

Even with MM, if he had $190K in a wallet, it should be on a ledger, MM can be connected to the ledger, doing so would have most likely prevented this from happening as he would have had to confirm the transactions on the ledger. It amazes me people hold anything over a grand in software solutions instead of spending less than $100 or a ledger.

p5nrj8

Getting by when we can’t get by.

Husband needs new tires and we are in debt. We’ve cut out any subscriptions, are eating ramen (eggs and potatoes is also a new cheap meal), and are now selling our electronics (my switch I’ve had since 2017, the TV, movies, etc) and anything that isn’t damaged that can fetch a price. We also both work full time and I’m looking for a weekend job. It’s really hard to let go of the things we use as coping skills (my switch especially) but I feel better knowing his tires won’t blow out on the way to work and I can pay the house payment. Just wanted to share to a group who would understand. No one else in our real lives is in our poverty boat and doesn’t understand our drastic changes. Edit: thank you so much for all the support and advice. We have looked into many of the advice offered and will be following through. Thanks to the kind messages I received as well.

povertyfinance

For car stuff, junkyard/pull a part cant be beaten. Now, i hear you "what good junkyard tire can do?!". Lots of car get scrapped with okay or good tires. You check the dates on them, make sure the thread is good and you may end up with 10$ a tire. Some place can even put them on your rims for next to nothing (good thing that cars come with a jack and lug wrench!) Just an idea. I ran most of my cars on junkyard tires.

plbj4w

After today’s treasury report Jeff Bezos [202B] has more money than the entire US treasury [200B]

[edit] as some of you pointed out it is his net worth not his cash on hand. I am unable to change title on mobile. This is absolutely crazy. That one of the richest third world countries has less many than the richest man in that country. I think that the crash is going to be sooner than later. I’m interested to see what the community thinks about this. [meeting auto mod criteria] Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuffWords and stuff. Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuffWords and stuff. Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuff Words and stuffWords and stuff. Words and stuff Words and stuff

Superstonk

Funny shit, and to top it off. He probably pays little to no income tax and we already know his company is light on corporate taxes! Have we just witnessed the USA getting lumped into the same category of poor's as the rest of us?

oupo3o

🤜🤜 WOMBO COMBO INCOMING 🤛🤛🤛🤛🤛🤛🤛🤛

First Strike: RRP breaks ONE TRILLION (July 30 1pm EST) Second Strike: BANKS ANNOUNCE DERRIVITIVE POSITIONS (July 30 4:415pm EST) Third Strike: GME ENTERS THE S&P MIDCAP 400 (August 4) Fourth Strike: ETHERIUM FORK/NFT (August 4) Fifth Strike: OPTION CHAIN SUDDENLY SHIFTS (August 13th) ​ https://preview.redd.it/elszhunh2ee71.png?width=478&format=png&auto=webp&s=934368fb74bfb0f636119e43c858ea445f6ab5aa Mix in all of the other dates and events on the horizon, and I'd say we finish this off soon. Either way, I buy and hold and hold and buy.

Superstonk

Good post. But can I just interject a small point? The London Fork has an *estimated* launch date of august 2nd-6th. I might have the exact numbers wrong (I’ll look it up and edit here in a few minutes) but I know it was definitely an approximation date. The reason was because it’s *literally a build process* and estimates are all they could say. Edit: hmmm. I will concede that most outlets have locked it down to august 4th for hitting block 12,965,000. **“Ethereum’s long-awaited London hard fork is likely to launch on Aug. 4 between 13:00 UTC (9 a.m. ET) and 17:00 UTC”** (can’t post link)

z3r683

My opinion on the articles about Icahn being short?

They wanted us to get mad , they wanted us to point pitchforks at Icahn, they wanted to get hodlers mad to make a point & maybe have Icahn invest somewhere else. They think that just because someone is or was short that hodlers will get mad and raise a great deal... well thats what they were expecting to happen with all of these articles recently but... the opposite happened, this sub just mocked msm like this was no big deal lol and I want to give a praise for not feeding onto there BS

Superstonk

Ryan Cohen recently met the guy and took a photo with him with a FUCKING COMPUTERCHAIR BEHIND THEM OUT ON A PATIO. Like holy fuck guys, he’s screaming at us in the most subtle way possible. Earnings is soon, I’m excited, we’re doing this with or without Icahn and any other billionaires help. Retail is the whale. DRS your shares.

6xuz9n

Dad kicked me out of the house

I'll keep it short. Asshole dad picked a one sided fight with my mom this morning and kept yelling at her even though she didn't argue back. I got extremely pissed and yell at him. Being conditioned to react like the monkey he is he instantly start yelling at me to get the fuck out of the house and punched me in the head like 6-7 times as I started to leave. All I brought with me in the heat of the moment is my phone, and my wallet with my driver license and a debit card with around $8400 in it. I'm a 20 year old male attending community college and I don't have a job. Strangely enough I do not regret anything or even mad. Getting the fuck out of that house was something I contemplated doing for years. Sometimes I truly wish my mom divorced that asshole so we can live in peace but it never happened; she's the type to hold it in so we can remain a family. My mom is still contacting me and trying to find me a new place to live but I'm lost right now. Do you guys have any advice for me? Edit: Thank you so much for all of the replies guys. I am crashing on a friend's couch right now. Him and his family immediately accepted my request and have been very supportive of my situation. I don't know what to do yet but it seems like my mom wants to find another place for me, her, and my sister. This is all speculative at the moment and yes I know I am very lucky to have $8400 to figure this out. I know I might regret not pressing charges as I decided that ultimately its not worth it. He did hit me but it wasn't enough to injure me. Trust me, if I felt I was in any danger I would have pushed him off and went to the ER to get checked out and pressed charges immediately. This doesn't mean I forgive him in the slightest and I do not plan to ever have anything to do with him again. Anyway, thanks for all support and sound advices. I will update this thread as soon as I find another living arrangement. Hopefully I will have this all resolve by then.

personalfinance

First step is to call up any friends who can let you crash on a couch for a while. Once you have that, put out the word that you are looking for a room to stay in and see if any friends or friends-of-friends know of anything available. Also look online at Craigslist. Make sure your money is safe and that neither your father nor your mother are joint account holders. This is common for people who opened up their account before the age of 18. Make a resume and start applying to jobs. Try to find ones within walking/busing distance of your place or college.

6mp7zz

Dating and FIRE [Update]

Original Post: https://www.reddit.com/r/financialindependence/comments/6lx4ry/dating_and_fire/ So we had a long discussion. Overall, the issue was driven by the fact that she felt I was not as excited about the wedding as she was. [Because I was concentrated on costs of things] So she "started" the fight knowing my buttons. In the end we made up. We agreed, that we will "relax" some of our/my frugalness for the wedding. There will be no "wasting money", aka ice sculptures, super expensive decor. The price tag is mostly driven by large guest list. We agreed that on all other aspects we will remain targeting FIRE in 5-8 years. And for those asking, yes there will be prenuptial agreement.

financialindependence

Keep perspective on the wedding costs. I just spent way more than I wanted to on a wedding, during the planning I punished myself about every cost, but afterward I really don't regret it. It really is once in a lifetime, and a lot of what you are paying for is being a good host. Money is for spending, and paying for friends and family to celebrate a major event is not frivolous. Not saying go beyond your means, just that you shouldn't necessarily feel guilty about wedding spending.

t50qdr

Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming

stocks

Has become a joke at this point FED has no credibility, no continuity with messaging, market in defiance of the reality thinking everything will be peachy, if it’s truly such a debate that any sort of rate hike will cause issues there’s bigger issues, and they continue buying bonds, has there been a time the FED has been a position as bad as this, too many factors out of their control but will clearly have inflation ramifications

rg9o4r

RE Investment Platforms

Posting here rather than r/investing or similar because I expect folks here are more likely to qualify as accredited investors. Has anybody found much success with platforms like EquityMultiple or Fundrise or other? I'd like to put some RE in my portfolio as a hedge. However, I just don't have the time or interest to personally own and chase down property right now. I'd also like something a little better than a REIT. I have a healthy porfolio and I'd like to realize some of the benefits of it such as opportunities that aren't open to the general public. Probably the best deals come from networking and aren't going to be on a platform, but my social circle and professional circle just don't intersect there.

fatFIRE

I had a call with Cadre the other day. They charge a 2% management fee, so definitely not them. Most of the sites effectively have two ways to invest: direct into projects, or into their fund (similar to a reit). If this is something you’re interested in long term, you can invest in a couple of deals then reach out to the developer directly and ask for direct access. Many of the guys that raise funds thru crowdsourcing also raise funds across “friends and family,” then syndication network, then finally crowdsourcing.

yu70zb

The CEX wars have started, which exchanges do you believe will survive?

Nobody could have predicted that at the end of 2022 we would see the great crypto exchange wars reach the levels of major players getting murdered in broad daylight for all of us watch in disbelief. Some of the exchanges which appeared to be the most stable have turned out to be the first to fall. What CEX do you predict will survive the war? I'm predicting that Gemini, Coinbase and Binance will make it through. Gemini - Run by the Winklevoss twins, has always prioritized compliance, has been around since 2014. Was also started by early bitcoin adopters. Coinbase - started in 2012 and now publicly traded, it's not the most exciting exchange but having to answer to shareholders helps keep them honest I think. Both exchanges above are allowed to operate in New York, the US state with the strictest regulations regarding crypto. They also do not have their own token invented out of thin air to be used on their exchange for benefits. Binance - size,will most likely keep them going provided they are not completely lying about their holdings like FTX did. It's best not to hold crypto on any exchange but for on ramping and trading these three seem to be the best.

CryptoCurrency

Coinbase is definitely my favorite to survive. Like you said CB being public mean they already have more oversight, and have to provide quarterly reporting and answers to shareholders. Nothings certain of course but this level of transparency and scrutiny definitely bodes well for them IMO. Still, not your keys not your coins

mghv5o

Donate BAT to Wikipedia!

Wikipedia is a Brave verified creator. Every month they are the SOLE recipient of my tokens. It's not much, but this month they're getting the equivalent of 5 dollars from donations across all of my devices. I have been doing this since I first started using Brave last November. Support the Brave ecosystem and support free access to information!

CryptoCurrency

The Wikimedia Foundation is getting those tokens rather than Wikipedia, and only a small portion goes to Wikipedia operations (which are cheap as hell - per their 2019-2020 financial report, the costs of hosting were $2.4mm out of a total of $112mm of spending) with the rest going to marketing and unrelated projects. It's been this way for at least nine years, there are a zillion threads about it on Hacker News, an article in the Washington Post, and there's even a famous related page on the wiki itself titled "[Wikipedia has cancer](https://en.wikipedia.org/wiki/User:Guy_Macon/Wikipedia_has_Cancer)"

20gkdx

Legitimate Wager: 300 Bitcoins vs. 1 Class A Share of Berkshire Hathaway

*This is a legitimate offer. I am based in Chicago and willing to meet and finalize the deal.* The Reddit Community seems to believe that Warren Buffet was wrong in referring to Bitcoins as a "Mirage". **I would like to give someone the opportunity to put money where their mouth is.** I wager the following: In 1 year from the date signed or agreed upon, a single share of Class A Berkshire Hathaway Stock will be worth more than 300 Bitcoins (Or equivalent exchange rate at time of signing). The proposed rules would be as follows: Market Rate of NYSE:BRK.A will be based on the close price of the previous trading day. Market value of Bitcoin will be based on an exchange to be agreed upon In order to secure collateral on both sides, I propose the following terms: * Collateral will be held by a mutually agreed upon third party (Lawyer, Accountant, or Escrow). * For collateral, I will provide ~300 Bitcoins or equivalent Stock at current exchange rate. * For Collateral, you will supply ~300 Bitcoins or 1 share of Berkshire Hathaway stock (BRK.A) or Equivalent funds in USD$ (~$183,860) **EDIT March 15** Due to the level of interest, I am making an *additional* alternate wager using the less expensive Berkshire Hathaway Class B shares. *The ratio of Class B’s value to Class A is 1,500:1 and they fluctuate in value at an equal rate.* The new wager is as follows: * You will supply .25 Bitcoins as collateral to be held in trust. * I will supply 1 share of Berkshire Hathaway Class B shares (NYSE:BRK.B) to be kept in a brokerage account held in trust. If legal complications arise from holding actual shares, the cash equivalent of the share price will be held in trust. * The winner will be determined by which of the two are worth more in 1 years time. (Worth will be determined in $USD) The offer is open to as many people as are interested, and I will begin putting together the necessary paperwork and finding an acceptable guarantor. Please continue to email **BuffettForBitcoins@gmail.com** and I will reach out to you directly to verify my identity (as well as yours) and put together a formal legal agreement. If there is a trusted person located in Chicago who would like to be a point person, I will gladly work with them. The goal is to be as transparent and secure as possible. **I will also be able to facilitate press coverage if the signing party wishes or alternatively guarantee anonymity.**

Bitcoin

It *will* be dismissed as trolling if you don't provide some means of validating that the bet has been put into terms, wagers posted, and that the deal is irrevocable until resolved. Plus I'd be careful with this. Bitcoin is extremely easy to manipulate for short periods of time. If someome sitting on 100,000 BTC so desired, they could single handed spark a rally (or a selloff) that would last long enough to satisfy (or fail) the value required at the close price of the previous day, if only for a few minutes prior to close. This being a 24h market you will need to define 'market close' also, though I guess this would be when the NYSE bell rings. You should require that the average price for the previous 24 hours is over the equivalent value of a single Berkskire Series A share (and of course, require that same proof in both directions - Berkshire share needs to remain above the USD value of 300 BTC for 24 hours before closing as well).

lylvse

The power of Crypto

I got my first Moon! A fellow redditor on r/cryptocurrency was talking about selling his moons so he can eat. The power of Crypto allowed me to send him $50 in bitcoin from America to Poland in seconds! He's using the money to buy groceries and is able to keep his Moons :) this is a community! In return he gave me my first moon :)

CryptoCurrency

You're an absolute saint, OP. Your decision to help this man with $50 for groceries will continue to affect his life until the day he dies rich. You should be proud, and if that person you gave money to ever gets rich, you should go get your 50 dollars back. 

llp8ms

Daily Plays - February 17, 2021

Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. *keep it civil please*

pennystocks

Well this is a decent catalyst. HYSR gonna explode today. ​ [https://finance.yahoo.com/news/sunhydrogen-partners-schmid-group-germany-113000099.html](https://finance.yahoo.com/news/sunhydrogen-partners-schmid-group-germany-113000099.html)

xpnm84

I'm so tired of the fake job postings + the frustrating job hunt

With all the people who need jobs, these fake job postings seem demonic. I'm trying to find a 2nd job I can work from home because I will need to be home to care for a family member. I work full time remote right now but want to pay off my debt quicker and start a decent emergency fund and pour into a retirement account. But I'm finding fake job ads are almost all I find. Even when I'm not looking at just remote, there's jobs that are copy-paste of legit jobs under fake accounts. A good example is a patient facing job for a well-known hospital in my area. The Indeed account of the fake is very similarly named. The only reason I caught it was because there were no reviews for the company and the link took me to apply on indeed and not directly to the company site like real job listings for this hospital does. It'd be easy for someone to miss that. So many companies are understaffed and supposedly need help yet I get rejected for a position I literally have years of experience in within 30 mins of applying even in the dead of night. Then I see people in job groups that work for these companies begging people to apply. It feels like I'm in the twilight zone here.

povertyfinance

I wasn't aware this was a thing, and sorry to hear. I found this post useful because I wouldn't have been aware otherwise. It's a very terrible thing to do especially now as well. I wish you the best of luck in finding something. I find that technology does not always benefit in the job hunt especially without the right connections.

ckdd15

Should I give up?

Im a college student and I decided to get into trading. I started with 1000 dollars in Robinhood and just tried to get my toes in it. That never really amounted to anything big so I figured I would go all in on think or swim and I put 4900 dollars in to trade with. I was doing alright for a few weeks and made good trades here and there. I was up to nearly 5500 but then I bet on Netflix and their earnings and lost nearly 1800 dollars. I decided to sell and then made about a 100 dollars the following day but I bought into Ford just before their earnings. That took a turn for the worst as well. I’m in Ford at 9.84 but I’m down 250 dollars. Should I just stop trading and save my money? I’m at a loss. I thought I could be responsible and make good trades to help my way through college but it seems I’m just digging a hole. I feel sick knowing I’ve lost my money. Any advice or even just general input would be much appreciated.

StockMarket

You are young and this is the best time to start investing. Only use money that you don't even want to look at for 30 years. Figure out a percentage that you can live with and put that amount of ALL income into your investments. Think 20-30 percent in my opinion. Do some research and make a plan for your portfolio....x% in this sector, x% in funds so on and so forth. NEVER bet on earnings or anything else for that matter. Gambling should be done at a casino. Thank me when you retire at 50 with a lot of money.

nvuy8m

Withdrawing money

Hey guys I've noticed that while making a decent return with theta strategies I haven't really been able to enjoy the money as I horde it all in my account. I was just curious if any of you have any systems or strategies in place to utilize the funds you generate for personal use? Is there a percent you with draw from your earnings that you guys use?

thetagang

I am in a similar boat, I can only think of getting more money so I can write more options.... I am profitable but I am slightly worried how addictive is to write new options. I am assuming as soon I get to a point where I can generate what I fund my account with I'll stop putting money in it and enjoy fully my salary.

nvuy8m

Withdrawing money

Hey guys I've noticed that while making a decent return with theta strategies I haven't really been able to enjoy the money as I horde it all in my account. I was just curious if any of you have any systems or strategies in place to utilize the funds you generate for personal use? Is there a percent you with draw from your earnings that you guys use?

thetagang

Keep about a year of cash available. 50% as an emergency fund and 50% for your household operating expenses. But still take out a monthly draw/salary and live on that. Make sure you or your bookkeeper / accountant are tracking your projected taxes. Work out your financial plans with a professional. It's not just about trading and your living expenses. You should have your insurances, retirement accounts, and long term investments planned as well.

shk1mm

Using Business Credit to Buy Stocks to do LEAPS Option Strategy

Has anyone ever used credit to trade options? Before I get the stupid comments about ruining my credit, I am currently talking about getting no personal guarantee business credit and using it to trade covered calls. I have a method of getting no PG business credit which someone who I know uses to put down payments on rental properties. Has anyone used any type of credit to trade options?

thetagang

I think that’s how Bernie Madoff started. He started out using business lines of credit trading options. After he lost most of it he realized it was easier to take in other investors money to pay off the business loan then it snowballed from there. You should be good until the next bubble when investors start to pull their money out in a panic. /s

t6b82y

mad4shirt's thetagang journey/life update

Hey guys, I been lurking here and there on this sub but thought you all deserved a post update as I haven't been posting recently. I finally hit the 1 million dollar net worth last year and thought I'd share a little history too as it's always interesting to see where we all came from and how we got here. I'm (29M) born and raised in Southern California, started getting an interest in stocks in my senior year of college where I was randomly buying stocks with no luck (paid to join some stocktwit guru's trades that didn't pay out haha), it was during the time when buying and selling costs $10 per trade (ouch), and ended up eventually losing my shirt as I lost my life savings of 14k (financial aid/minimum wage work money) by going all in on IBIO, which was rumored to have a cure/treatment for ebola (which we never hear about nowadays LOL). Down in the dumps with no money (had some serious depression here which I'm sure everyone that's blown up their account can relate), I took a break from stocks and worked as much as I could to save a lump sum as I was heavily involved in the 4% rule, personal finance, financial indepedence, mr. money mustache, early retirement, FIRE. I worked a server job that paid decent, and used that money to cashflow a dropshipping t-shirt business which luckily worked out for me and helped me to save about 100k after a few years. (I googled "how to make money online" and arrived at this haha). It helped my savings rate increase substantially as I've lived at home pretty much most of my adult life (it's hard out there in california!) I remember that in 2018 near the end of the year before thanksgiving, I came across a youtuber called David Jaffee, that's when I first learned about selling options. He made it look so easy, he made over a million dollars a year selling puts and put spreads (you know where this is going right?). I didn't want to pay for his courses or do further research (whoops) I went all in with my capital of around 130kish and sold like 10+ naked puts of amazon at around 1900 strike price I think. Amazon was $2000 at the time and when it dropped to 1200 or 1300ish my account pretty much got obliterated (I didn't know how to roll or fix my position at the time). That was losing my shirt #2, and I was really mad at myself. You just become frozen when you see your account lose everything in ONE WEEK. These was dark times for me, I really got depressed again especially losing over 100k and felt horrible as pretty much everything I had saved for the last 4 years had gone down the drain. So took another break, until I was scrolling through fb and a business opportunity popped up. Saw a post on facebook of a guy making thousands of dollars online through dropshipping, so I paid $1000 for his course and ended up making about $200k before I got suspended in early 2020. Amazon taketh, and Amazon giveth lol. After trying to get my amazon account reinstated I gave up, it's a PITA to get your account back but anyway, I decided to move on and redive into investing for the 3rd time. I learned everything I could from tastytrade and from this subreddit before investing again, so I started investing once covid hit. Put in the 200k in April and it was a good year to sell puts, ended up making 150k for 2020 which offset my 100k+ losses in 2014 (whoo no more 3k yearly capital gains losses to rollover for the next 30+ years). 2020 was also the year I went all in on NKLA stock which I was up 100k at one time but ended up giving most of it back when NKLA came crashing back down. Trying to take profits is still hard for me. So starting with 350k in 2021, pretty much went all in on selling puts for AMC/GME (mainly AMC), and by the end of the year ended up with 1 million. Didn't wanna pull another NKLA so I ended up taking my profits and withdrawing 750k, leaving 250k in my account to play with. I told you guys I was going to put the money on index funds, but I ended up buying a house in cash in texas for 450k\~ as they didn't have state income tax. I know paying in cash is stupid, but I did not qualify for a loan as I am self employed and only made 22k in wages for 2021 and lenders won't count my 700k+ gains to qualify me for a loan (crazy right? haha, but it is what is is.) With the 250k in the account, I sold 70 naked puts of amc at 40p 45ish dte, which I eventually rolled to -70 Jan 19 2024 35p (currently down 100k+) . At the same time, I sold 500 put credit spreads and kept rolling and rolling (deposited 40k cash to continue rolling), so stuck with -500 June 17 16/12p. Right before AMC earnings I sold -70 April 14 24c for 8.4k credit and -500 June 17 31/33c for 10k credit to add some negative deltas. So basically, account is currently at $196k from a starting point of 250k and after putting in 40k, giving me a current loss of a little under 100k. Will keep you guys updated from time to time :) TLDR: Don't give up! I lost my life savings in 2014 at 22, lost life savings in 2018, tried again and my account hit 7 figures at the end of 2021. Moved out of state, bought a house instead of investing in index funds. Currently starting with 300k invested, 150k+ of extrinsic decay left, 533 theta per day. Will update periodically :) Link to positions: [https://imgur.com/a/1qqjRV1](https://imgur.com/a/1qqjRV1)

thetagang

Glad you were able to take some winnings out and buy a house. However, your approach is not recommended. You concentrated your position in one stock, it was a meme stock, and rolled into a 2024 LEAPS, which is a delta play, not theta. I do miss your daily updates because they were so full of humor and honesty, but no way I would have recommended your strategy to anyone. Thanks for sharing your personal story though. Quite the journey.

lp8peg

Full time traders (or part time too) How much diversity in your premium sales?

To the people selling premium a question. When you say you are doing it full time or a lot of part time, do you sell a lot of contracts on 1 stock or do you sell a few on a lot of stocks? Please be specific on your numbers if possible. Do you ladder into positions? I trade a little but am having a hard time getting to scale bigger. That's the reason for my asking for specifics above. Thanks to all here. Lots of knowledge and people willing to share it. Really appreciated.

thetagang

Part time here, working with about $100K in capital. I would strongly suggest diversifying across underlyings and industries/sectors/types of stocks. I have about 10 underlyings I sell options on. I try to keep in mind that at the end of the day the premiums I earn are a function of the amount of capital I have invested. If I put it all into one stock, or even one type of stock (aka momentum stocks), and things go south it could potentially take years to recover the capital I lost.

hiru6s

Rolling CSP is a powerful tool

I was selling CSP's for a while now however never truly tested the power of rolling a contract when things go south. Today I had to roll 3 contracts and also lower my strike price. I was able to do that and still get a net credit for my contract.

thetagang

My problem with rolling is that even though you can, most of the time, get a credit if you roll out far enough, at what point does it not make sense anymore? You have to take into account the extra time your BP is tied up in this CSP and see if the returns still makes sense.

qg1io2

Daily r/thetagang Discussion Thread - What are your moves for today?

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thetagang

Just want to give a shout out to /u/whydoismelltoast This guy was aggressively stupid and told me 10 days ago that I was bad at trading and didn’t know what I was talking about because I said crtx would fall below 20. Congrats to all the idiots who thought the gingivitis study would keep this above 20$. Y’all deserve to lose your money

ideeku

TastyWorks (Pros & Cons)

Since TD Ameritrade's ToS has been down or intermittently failing for 4 trading sessions now, I went ahead and opened a TastyWorks IBA on Monday afternoon. I have held an IBA with TD for about 3 years and was an avid supporter of ToS. However, as an active trader, I find the main platform (ToS) being down and being reduced to limited web & mobile trades to be completely unacceptable. I closed all of my positions on ToS this morning and did a balance transfer to my bank to load up TW (Hopefully by Monday). I know a lot of users here use TW as their main brokerage, so as I'm waiting to load up funds and resume my normal trading schedule. I was interested in seeing if some of you wouldn't mind sharing some of the pros and cons of the platform. The desktop platform seems pretty comparable to ToS which is no surprise. I'm a little disappointed already that I can't delete the pre-loaded watch lists that I couldn't care less about. (Sorry Mark, no one cares about what you're watching.) Other than that, it seems like it will be more than suitable for my needs. I think the layout is a little cleaner than ToS too. More intuitive at least. I'm more concerned about the fills and real-time data reporting. I had that issue with ToS when I only had cash options years ago, there was a real-time reporting delay which skewed the fills, asks/bids on stock equities. I have "The Works" on TW so I'm hoping this won't be an issue. Also, has anyone actually received any of the rewards from the referral program? If so, what? Has anyone has gotten that shiny new Tesla or the Apple product bundle? The latter seems like a feasible goal, the former not so much. If the referral program is legit and the platform is good, I'm going to be spamming the living daylights out of everyone in my social network lol. ​ Note: I am not looking for brokerage recommendations. Just some feedback from people who actively trade on TW so I can gauge my expectations.

thetagang

Other than their shitty charts and annoying viewing of closed positions/history, I really have no complaints. Desktop software runs smooth with clean interface, real time data, opening closing getting filled is easy.

qg1io2

Daily r/thetagang Discussion Thread - What are your moves for today?

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.

thetagang

Brb gonna pop some corn and head to WSB to see some CRTX bloodbath posts... Oh here's a good one - https://www.reddit.com/r/wallstreetbets/comments/qfy456/i\_yolod\_my\_life\_savings\_into\_crtx\_i\_dont\_even/?utm\_source=share&utm\_medium=web2x&context=3

m3w877

How do you choose the strike and expiry for a CC on a stock you're long?

I made my first CC with UWMC with a strike price of 12.5 4/16 for a 0.50 premium. I'm long the stock, but I wonder if I choose too far of a strike because I'm afraid of assignment. Should I avoid assignment if I'm long the stock? If I get assigned, do I just sell CSP ATM to get it back if I want to wheel? Should I even wheel if I like the Stock? What criteria do you use to choose a strike price for a CC? Do prefer sell ATM, near ATM, OTM, or ITM?

thetagang

I usually do near ATM to OTM, based on the % change in the underlying and what I expect it to be using historical data, gut feeling and educated guess, and what the stock is doing. I also never let my ITM shares get called away, I just roll the ITM calls to the next week for the same strike for more credit because it allows me to ride out sudden rallys (like BTC this week) without having to get my shares called away and dealing with rebuying them next week.

n8hn57

For new traders: writing puts on high IV stocks and ‘wheeling’ - my two cents.

Thought I should share my view on the topic. Should you write puts on high IV stocks? Answer is Yes & No. is wheel a good strategy? Answer is Yes & No. what makes any of those good or bad trades is the execution of the trade. Remember a good trade can result in a loss while a bad trade can end up in profit. One should not focus on the money you made on the the trade but on the process. When writing puts on high IV stocks one is accepting the fact that volatility is high and hence is the premium. So that means: a) high IV stocks are not for wheeling. I would write a put and then enter a BTC stoploss order when my loss is equal to the premium received. If i received $1 today then my stop loss is $2 and I am out. b) know when to write a put and when not to even if you have been trading the same stock for a long time. Set a criteria - for example never write out if price is below 50 DMA. Or only write a put when 10-20-30 DMA show upward crossover. c) ‘I am bullish on stock XYZ’ - no you can’t be bullish or bearish it’s the stock that is bullish or bearish and the stock tells you that by price action. Read the chart and do what the chart tells you. d) wheel strategy is for stocks that are range bound or are gradually moving up. Slow and steady stocks yielding decent returns. Pick those boring stocks and milk the premium as long as it works. e) please never tell your self ‘I don’t mind owning the stock at price $$’. One can buy any stock at any price that suits you but such thinking clouds one’s judgement and prohibits one from finding better trades or saying no to not so attractive trades. There are plenty of trades and plenty of options - work on a process that helps you find better trades and make you a better trader in the long run. f)in short, stock selection, picking right trading idea, and then execution with stop loss can be good starting points. Happy Trading 🥂.

thetagang

Agree 100%, Another step that I use is to manage my profit. I always try to BTC my trade at 20% of the premium collected. So, for a $1 option, I'll put a BTC order in at $0.20 GTC. In my experience, this BTC order usually triggers before expiration and then I can STO another put. If I'm in the last week of expiration, then I'll let the option trade play out. Not sure if this strategy leaves money on the table, but I'm comfortable with locking in 80% of the premium at a cost of the last 20%.

ojboyq

Daily r/thetagang Discussion Thread - What are your moves for today?

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.

thetagang

**7/16 nudies ($654):** * STO **DIS** 7/16 $290C -100X * STO **DKNG** 7/16 $69C -20X * STO **EXPE** 7/16 $260C -1X * STO **GNRC** 7/16 $310P -10X * STO **JACK** 7/16 $130C -10X * STO **LUV** 7/16 $70C -40X * STO **MELI** 7/16 $1040P/1050P/1060P -12X * STO **MGM** 7/16 $49C -10X * STO **NVDA** 7/16 $465P/470P/540P/560P -33X * STO **PENN** 7/16 $95C -20X * STO **RCL** 7/16 $100C -10X * STO **ROKU** 7/16 $240P -10X * STO **SPOT** 7/16 $340C -1X * STO **TDOC** 7/16 $250C -10X * STO **WYNN** 7/16 $145C -11X

hs6b7b

Thursday July 16, 2020 Daily /r/thetagang Discussion - What are your moves for today?

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 bragging to a minimum; remember every dollar you make is a dollar someone else lost.

thetagang

Opened up 34 SPCE covered calls with a strike price of 24.5 expiring next Friday. Got a credit of $1.40 and got the shares for $21.90. Couldn't help myself once I saw the premium on these things. Insane. Max gain on the trade is roughly $15,000. Not a bad potential return for one week.

gi37cp

Defensive strategies on TSLA short strangles?

I have read posts/comments of quite a few traders around here who play TSLA for the short premium side. I'd agree this stock offers rich nice premium, but again juicier premium comes from the inherent tendency of the stock to move around quite a bit. I myself have been playing short strangles on TSLA for last ten trading days and have made about $4000 on the buying power requirement of $8-12k (on TastyWorks platform). As some of you will point out that it's been a smooth ride for me because TSLA has been rangebound over that period of time. But this is where my question comes from. How do you guys protect yourself from those wild swings in TSLA ? 1. How far OTM do you guys prefer going - probability OTM, delta, etc? 2. Do you guys play both sides (straddle) or just one side (just a short call or a short put) 3. Do you guys do weeklies or monthlies? I have tried couple of strategies that I'd like to share. For first week, I was playing just one side - short put. I kept rolling my strikes every morning to stay at 1 standard deviation (and outside the expected move). Then I realized that I'm not giving myself enough wiggle room to the downside since two down days could get my short put ITM. This got me scared a little and so for the next week, I went up to 2 SD on the short put and to make up for the lost premium, I added a 2 SD short call without costing anything to the buying power. As far as my defensive strategies go... There was one time that stock breached my short put on the expiration day (when Elon Musk tweeted about the stock being too high), I rolled down my strike and out to the next week, still for a credit. If my call had gotten further deep ITM, I would've rolled it out and further down over to few more weeks. I wanted to get your suggestions if there are any other defensive ways to play short premium on TSLA? I thought its worth mentioning that I've been trading Options for about three years now, so I know what I'm doing and well aware of the risks associated with undefined risk strategies. Thanks!

thetagang

Biggest way? Stay small. Don't allocate too much of your account to this one underlying Beyond that, I recommend looking into ratio spreads/the Batman. Essentially hedging your naked positions with debit spreads. Pay some of your premium for some insurance, and if there's a big move, instead of rolling in the untested side, you can just buy that missing long option turning it into a free butterfly and sell a new ratio closer to the money

khdpln

Monday December 21, 2020 Daily /r/thetagang Discussion - What are your moves for today?

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 bragging to a minimum; remember every dollar you make is a dollar someone else lost.

thetagang

Better to be lucky than good: I got assigned on 4x 124c on JPM that expired at .02 (limit sell of 0.01 never filled), and then sold my 400 short shares at open for like an $800 profit when JPM opened at $122ish. Bonus points that my leaps on JPM are up like 35%, I won every direction lol

lvnolo

Commissions for options trades.

I am using TD Ameritrade which charges $0.65 per contract. For a spread they charge both legs which is $1.30 per contract. How are people trading put and call spreads? It seems as if the frictional losses would make these types of trades unprofitable, especially the ones where strikes are only $5 apart. I found this out when I executed a 400 contract put credit spread and got charge $520 for the commission. Do other brokers charge a lot less? ​ **EDIT 3/3**: Thanks to all who provided constructive feedback. I was able to negotiate a discount with TDA based on my trading volume and account size to $0.45/contract. So, that's a win. I also took the opportunity to close out the short leg of the spread at 40% of max profit. No sense getting greedy, the underlyer was falling towards the strike.

thetagang

You can contact TD Ameritrade support and ask them to review lower commission fees. They didn’t give much clarity into the process - even telling me that there wouldn’t be a confirmation email or anything and that I would have to look at my commission rates when placing an order. But i got down to .55/contract just by asking and nowhere near as many as you per month

m4rpz4

Daily r/thetagang Discussion Thread - What are your moves for today?

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.

thetagang

Alright. So. I slowly increased my position on CSP’s I was selling in AMC over the past two weeks. I didn’t really pay too much attention to just how much I had tied up until I looked today to decide what my plays should be for tomorrow. I have 77k as collateral in only AMC CSPs and another 25k in collateral in CSPs in LAZR and PLTR. All of them are above 50% of premium earned, and the AMC are for the most part 60-70% of premium earned. So uh I think I’m going to close all of my CSPs and ride cash gang with that capital for a little while as I decide whether or not to open up any new ones. But, if I do, they’ll be incredibly conservative. I started the month with 120k in capital but all of my plays went really well so I’m now sitting on 160k, and my aggressive growth goal was to be at 130k by the end of March. I think I’m going to see if I can’t sell some WAY OTM CSPs with a potential of earning another 10k by mid April.

iq6a67

My experience with different trading strategies

​ https://reddit.com/link/iq6a67/video/byxvcmnafcm51/player Phase 1: Got a bunch of free stocks from referrals and they just went up Experience: that was cool to make a profit Phase 2: Daytrading Experience: CONSISTENT LOSSES & was annoying as hell waking up at market open Phase 3: Got frustrated with only losing $ while daytrading so I stopped and help cash in account - (the section where it is just flat) Experience: N/A Phase 4: joined theta gang selling options Experience: Consistent gains, it was nice to finally make money Phase 5: got bored of theta gang and interested in [r/wsb](https://www.reddit.com/r/wsb/) so I decided to buy a shit ton of tesla stock avg price $495 post split Experience: obliterated my account ​ All in all I learned this: Theta gang is the only place I saw consistent growth over a few month period. I shouldn't join the hype train and jump on a stock just because other people are confident in it. It was really annoying to lose everything and more that I had worked months to achieve selling options, but I learned a lot. I also have a tastytrade account that is doing quite well that I continued doing short strangles in. As long as you are conservative on the side of selling options, I have full faith that you can beat the market. ​ For those curious - for gains on robinhood I mostly sold puts on skechers

thetagang

Wrong timing. Bunch of theta mongers surely lost a good chunk with the recent flash crash. Position sizing probably was the worst offender. You always loose a few times, and you probably invested a deep chunk in those TSLA calls. Reason I say is that having being a theta monger myself, I had made a decent profit. Then post tsla split, I got greedy, bought a bunch of large OTM debit spreads, and all the profits made are now obliterated. However my account is still at about the original starting point, cause I stuck with the max 5% position on those TSLA call spreads.

khdpln

Monday December 21, 2020 Daily /r/thetagang Discussion - What are your moves for today?

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 bragging to a minimum; remember every dollar you make is a dollar someone else lost.

thetagang

I created an acronym definition table over the weekend and added it to my [2020 Performance and Strategy Recap Post](https://www.reddit.com/r/thetagang/comments/kf9txl/2020_performance_and_strategy_recap/?utm_source=share&utm_medium=web2x&context=3) Direct link to the table [here](https://i.imgur.com/uisxxUd.png) Let me know of any I'm missing and I'll continue to update it in the post above.

n8hn57

For new traders: writing puts on high IV stocks and ‘wheeling’ - my two cents.

Thought I should share my view on the topic. Should you write puts on high IV stocks? Answer is Yes & No. is wheel a good strategy? Answer is Yes & No. what makes any of those good or bad trades is the execution of the trade. Remember a good trade can result in a loss while a bad trade can end up in profit. One should not focus on the money you made on the the trade but on the process. When writing puts on high IV stocks one is accepting the fact that volatility is high and hence is the premium. So that means: a) high IV stocks are not for wheeling. I would write a put and then enter a BTC stoploss order when my loss is equal to the premium received. If i received $1 today then my stop loss is $2 and I am out. b) know when to write a put and when not to even if you have been trading the same stock for a long time. Set a criteria - for example never write out if price is below 50 DMA. Or only write a put when 10-20-30 DMA show upward crossover. c) ‘I am bullish on stock XYZ’ - no you can’t be bullish or bearish it’s the stock that is bullish or bearish and the stock tells you that by price action. Read the chart and do what the chart tells you. d) wheel strategy is for stocks that are range bound or are gradually moving up. Slow and steady stocks yielding decent returns. Pick those boring stocks and milk the premium as long as it works. e) please never tell your self ‘I don’t mind owning the stock at price $$’. One can buy any stock at any price that suits you but such thinking clouds one’s judgement and prohibits one from finding better trades or saying no to not so attractive trades. There are plenty of trades and plenty of options - work on a process that helps you find better trades and make you a better trader in the long run. f)in short, stock selection, picking right trading idea, and then execution with stop loss can be good starting points. Happy Trading 🥂.

thetagang

>c) ‘I am bullish on stock XYZ’ - no you can’t be bullish or bearish it’s the stock that is bullish or bearish and the stock tells you that by price action. Read the chart and do what the chart tells you. This I don't agree with. You're advocating complete disregard of fundamental analysis - which is what gives someone a bullish or bearish outlook on an underlying - and make decisions purely on price action. That's not good decision making. A smart trader uses all the tools available in their toolbox.

mpyfty

Daily r/thetagang Discussion Thread - What are your moves for today?

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.

thetagang

* \+.40% today Really hoping the banks pullback on earnings (as they always seem to do) as I have a 5/21 $150 **JPM** cc that I have been rolling from $135 since January and I prefer to keep. Also would love to add heavy positions to **MS** & **GS**. **New Positions:** * STO 4/16 **ADBE** 540c @ $.30 * STO 4/16 **BA** $300c x2 @ $.10 * STO 4/16 **TTWO** $200c @ $.10 (Only 1 of 3 filled. Sad) * STO 4/16 **V** $230c x2 @ $.10 * STO 5/21 **UPS** $200c @ $.80 (x3 now. Hedge against 65 shares.) * BTO 5/21 **SPY** $380p @ $1.65 (5 @ $2.19, these are my small hedge) **Profit:** * BTC 5/21 **NVDA** $490p - 73% profit (Will re-enter on a pullback)

wvcl3h

What does Delta actually mean?

One of my friends was saying Delta is the % chance an option goes ITM. So if I'm selling CSP with 20 delta, is there a 20% chance it goes ITM? Thanks in advance.

thetagang

Delta has multiple purposes and one of them is the probability of the option being ITM at expiation. A short put with a .30 delta means statistically the option has a 30% probability of being ITM, or a 70% probability of bring OTM and profitable . . . [https://tickertape.tdameritrade.com/trading/options-delta-probability-in-the-money-14981](https://tickertape.tdameritrade.com/trading/options-delta-probability-in-the-money-14981)

ojboyq

Daily r/thetagang Discussion Thread - What are your moves for today?

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.

thetagang

Been sitting on cash waiting for things on my watchlist to reach certain levels and looks like todays the day. Sold puts on CRSR, PLTR, RKT and SOFI. First time playing RKT and SOFI, so we'll see how these go...dont really want to hold long term lol.

hiru6s

Rolling CSP is a powerful tool

I was selling CSP's for a while now however never truly tested the power of rolling a contract when things go south. Today I had to roll 3 contracts and also lower my strike price. I was able to do that and still get a net credit for my contract.

thetagang

I think rolling for a net credit is a great idea but the most important thing is the stock selection. You can't polish a turd and if you sell a CSP on a stock that has systemic issues or is the latest flash in the pan, you're playing with fire. I only sell puts on stocks i would want to own and ones that have a good track record of stability and solid fundamentals. If you do sell a CSP on a YOLO deal and you're wrong, it's best to buy it out and take the L to live to fight another day.

mhr8j9

Daily r/thetagang Discussion Thread - What are your moves for today?

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.

thetagang

Sold a boat load of red memes yesterday to buy 100 GME @195 and sell a weekly covered strangle. 175p/242.5c I'll aim for anywhere from 2-4k a week, tired of the slow bleed losing 2.5% per day almost as a rule. Now I'm 85% GME; feels terrible but I'm going where the money is and I truly believe that apes have a strong portion of the float so I'm not sweating. P.S. Not an April fool's joke

n68pwm

UniSuper expanding eligibility to all

My partner is with UniSuper and forwarded me an email she received this morning notifying her that "From July 2021 ... anyone from outside of the higher education and research sector will be able to open a UniSuper Personal Account." I have heard good things about UniSuper and the sentiment on r/AusFinance seems pretty positive, so I'm considering registering interest (currently with AustralianSuper). Curious what you all think about the change? Would you consider swapping over? I have no idea of the offering will be the same, and the email said nothing about whether abutting else would be changing (e.g. fees etc.)

AusFinance

The UniSuper defined benefit was / is the last defined benefit fund in Aus that allowed new members. Since the GFC there have been serious questions about the fund's ability to meet entitlement obligations to the glut of boomers who are about to suck it dry. The fund is not guaranteed by the universities. I changed mine over to the accumulation fund, and been pretty happy with the returns. https://www.investordaily.com.au/latest-news/34775-unisuper-defined-benefit-fund-under-fire

s5ptyx

Anyone else considering paying their HECS debt in this low interest rate, high inflation environment?

I know it's generally been advised against doing so, but it seems to me that if there was a time to do so, it would be now. Any thoughts for/against this course of action?

AusFinance

NEVER pay down HECS early. It's the cheapest money you will get to borrow. Going on a holiday is better than paying down you HECS. One drastically improves your wellbeing and memories, the other you won't care about in a few months.

iebcju

How many hrs do you work?

As I get older I feel my professional life just gets more ridic in terms of time demands Currently working 50hr weeks on avg (min 45 max 55 generally) I'm on a great salary but a standard 38hr week is rare for me The work is always different and I actually get bored when I don't have new challenging projects to work on Interested to hear from anyone who has be there done that and has since slowed down. I'll be able to slow down in 7 years when I've reached my financial goal of being mortgage free with passive income portfolio Did you try something different e.g. change to running a small 9-5 business or something like that

AusFinance

70-80 hours a week (including Saturday and half of Sunday). Hours can expand to 100h when deals are heating up. Though having said that we are well looked after (50-100% bonuses, dinners, cabs home etc) Most people stay in this industry for 2-5 years and exit into PE or a corporate job. No one gets in this role or industry expecting to work 9-5 but almost everyone certainly expects to tap out after 2-3 years. IB - Sydney

cosz0d

Gambling debt

Hi guys, So long story short, I have been dealing with a gambling addiction for the past couple of years. I've probably gambled away $100,000 over that period. I am 25 years old and feel like I've wasted so much of my life because of this addiction. I have taken steps to stop gambling and I am hoping to stop for good. I am currently working 40-50 hours a week on a casual contract and get $4000-4500 per month. My hours will likely reduce to the standard 40 within the next three months and my contract will likely change to full-time sometime this financial year, reducing my income. I still live at home with a single mum so I have minimal expenses but I would like to start helping her out financially as she is only working part-time. My current debts are: CBA personal loan - $45000 @18.9% with minimum repayments of $1675 per month CBA Credit card - $8800 @21% with minimum repayments of $250 per month Two payday loans - $2500 and $700 I'm looking to fully pay the two payday loans as soon as I get paid at the end of the month. I guess what I'm looking for is just some advice on what I can do with the two CBA debts. With my income, I should easily be able to pay off the minimum payments but I guess I'm just scared that I won't be able do things like save for a house/retirement or travel overseas because of the stupid mistakes I made. Any advice would be appreciated.

AusFinance

I’d knock out the two pay day loans first starting with the $700. First pay check should go to that with about $300 left of your pay check to spend for that week. The week after, start focusing on the next payday loan while also BPaying/direct depositing weekly payments that would total the monthly payments for your loans/credit cards at the end of the month. In the past, I’ve fallen behind on credit card payments and rang them up saying I’m struggling and would like to know their options for financial hardship. They’ve given me an arrangement to make XX amount of payments without adding any interest. As long as I made those agreed monthly payments then everything was gravy. In that interest free time I paid as much as I could to knock out as much of the balance as possible. In terms of your credit rating- it doesn’t get reported for the amount of months you’re on the plan SO LONG AS YOU MAKE THE AGREED MONTHLY PAYMENTS. EDIT: I also want to add that in going on a payment plan on financial hardship with a credit card company, you’re unable to use that credit card during that period.

lqsx17

Did the banks change their lending standards for property recently?

I know the above is probably not the only reason why property prices are on the rise, but not much has changed (at least politically or stimulus wise) that I can notice (other than it is a bit more sunny nowadays) since late 2020. But it does feel a bit fishy that suddenly everyone can obtain finance and bid over each other to get their spot in the property game. That or the REA/Media are doing a good job of convincing us that property is a ultra scarce commodity more than usual.

AusFinance

Personal anecdote but wife and I wound up saving a lot of money last year during lockdown and while sat at home bored started looking into if we could actually afford to buy and realised we actually could get something reasonable. No idea what standards used to be but we're using ANZ and they put us through the wringer. Surprised I didn't have to tell them what colour socks i was wearing.

al1j27

The FIRE Movement is Here to Stay

Good [article](https://www.physicianonfire.com/fire-movement/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+physicianonfire%2FgRbz+%28Physician+On+FIRE%29) in this blog, reviewing the evolution of the FIRE philosophy in general and dismantling the most popular myths. >Finally, I think we can expect to see great things from some of today’s early retirees. If a person can earn and save enough to take care of herself and her family in just 10 or 15 years, what do you suppose she’s capable of in the next 10, 15, or 50 years? Personally, what seduces me most about this is its moral component. Systematic saving, leaving aside its financial aspect, has a great moral component behind it. If we manage to live below our means, if we aim to be less materialistic and if we make an effort to dedicate our free time to the things that really matter, we will not only be happier, but we will be giving meaning to our lives. The least important are the numbers.

financialindependence

We're a movement now? Not sure how I feel about that one. I will need to rethink some things I guess haha. Saving money and living below your means is not exactly a new phenomenan so it's hard to understand why it's all of a sudden being labeled a movement.

nfir1w

Why Invest in Bonds?

I am reaching a point in my investments that I am focusing more on diversification. I understand at a high level that bonds are good to lower volatility in your portfolio and provide a buffer during a market downturn. But unless I misunderstand how they work (and that’s very possible) the returns don’t even keep up with inflation. So my question is why are bonds so heavily recommended compared to other opportunities. Real estate immediately comes to mind. Even if you’re not interested in rentals, you can invest in debt (bonds are debt investments, right?) using notes. I would think most on this sub would be eligible for syndication investments as well, and you can pick the flavor that best compliments your portfolio. I suppose the only big advantage that bonds have are low/no risk. Though I would say performing note investments are pretty low risk.

fatFIRE

Backtesting the 4% rule shows if you retire 2 years or less before the top, your odds of making it to 30 years is low. However, if your last year of working you buy 20 year notes so TLT and build up an emergency recession fund worth about 2 years of living expenses, and do not count this emergency fund towards the 4% rule, then you're safe. Your odds went from 95% to 100%, as long as you live off of bonds during the first recession in retirement when the market is low. Your goal should be to run out of bonds after the first recession is over and the market has done some recovering.

9pe0a1

Resources for FI but not RE

Are there any other subreddits that are useful for relatively high net worth / high income individuals? Bogleheads? ​ I've really appreciated the forum here but it's been my only place to discuss questions around investments, financial planning, etc. However, I'm not sure I want to retire TOO early... maybe there should be a /r/fatpersonalfinance ?

fatFIRE

I feel you man. The closer I get to FI, the more I am interested in balling out rather than retiring early -- just halt all contributions and let the retirement account coast up to my target number; spend the would-be contributions on the stuff you mentioned.

stmh9q

Any issues with Interactive Brokers?

Thinking about moving over my entire brokerage account from eTrade to take advantage of their lower margin rates. Currently getting 1.94% margin on $2MM in assets on eTrade. I don't need anything fancy from a platform - just dumping it all in Vanguard index funds and doing buy, borrow, die. Looks like IBKR Pro is 0.83% margin rates. Any reason to not transfer over?

fatFIRE

IBKR is the absolute worst end user platform. I’ve signed up, funded, and tried to use them twice and given up after getting annoyed trying to figure out their garbage UIs. IBKR is popular with smaller firms that use their APIs to order entry and management via their own algos or front end. Others will tell you that you can negotiate margin rates at other brokers. You do not need to move to a trash platform just for the better rate. For starters, E*TRADE at least used to negotiate rates. Have you tried?