Datasets:

winddude

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reddit_finance_43_250k

like 40

q0yzj6

For all those concerned their X or XX positions in CS are bringing the average down

To start, this is not financial advice. I don't know shit. Luckily, due to the way the math works out, it doesn't matter how little you bring to the party. All that matters is that you come! I'm tired, and I made this graph in a couple of minutes, but I hope it gives an idea on how this whole thing works. https://preview.redd.it/eotpju50adr71.png?width=481&format=png&auto=webp&s=196d3d2c2c2b49ad05b579d0687d211cb55f4902 The orange line is the number of shares we need in CS per profile in order to lock up a float of 72m shares. The blue line is an arbitrary line I made up that started at 100, and decreases by 0.5% every 10,000 profiles. So, the point where those two lines meet is when the MOASS happens. What I hope this illustrates is that even if you lower the average number of held shares per profile, when you DRS your shares, you lower the average number of shares needed more than you lower the average held, and that is all that really matters. It may take longer than if we were all massive whales with X,XXX shares, but together apes strong. EtoA: There are some mistakes I made in my word choice, as some have pointed out. MOASS may or may not happen when the float is locked up. I should not have implied that. I am also not a financial advisor. This is not financial advice. Also, the blue line likely has a fundamental flaw. It doesn't change my point, since I purposely made the blue line as an arbitrary guideline. Assuming nobody ever sells, the total held number of shares should only ever go up. It is possible, though I haven't checked, that the blue line would cause that number to go down or stay the same instead of up.

Superstonk

I think the DRS is moving in the right direction. 1. More accounts are being open daily. 2. After the account is open and the users are more familiar and comfortable, they transfer more and more shares into it. 3. More buying of the shares directly from CS happens over time. 4. If any NFT is declared, the easiest way to get it is through CS directly. Other shares held at other brokerages will most likely not get it especially if most or all of the CS shares already account for the float. The inevitable will happen but I need to remind myself that even when the inevitable happens, I should continue to hodl for it to last as long as possible. Not financial advice.

g7pxn8

Daily FI discussion thread - April 25, 2020

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

Got informed yesterday that I’ll be receiving a job offer on Monday! Now I get to wait all weekend wondering how much they will offer, but I’m pumped! It will be my second job out of college and from the research I’ve done I think it will be a decent raise. I’ll probably be able to start maxing my 401k and possibly an IRA too

f0diim

I broke my gambling addiction due to this sub!!

Before I discovered WSB, I use to spend hours in casinos dropping $1,000s on hands of blackjack and the roulette wheel! My wife would beg for me to come home saying I was “blowing the kid’s tuition money and wrecking our family.” NO LONGER. Now I “invest” my money in options. Whenever I’m feeling an itch to go to the casino, I just hop on here and get advice on investments that “literally can not go tits up.” No longer am I a degenerate gambler. I am now an Options Trader and Investor! Thank you everyone for giving me the ability to quit my gambling addiction!!!

wallstreetbets

I hate to be the bearer of bad news, but buying far OTM options and exercising them ITM within the month isnt gambling, its instantly liquidating entire careers while you predict the future while you minimize your exposure. The internet points are confetti.

eeeift

What's the impact of companies choosing to stay private?

There's probably a basic answer, but I went to public school so I'm stumped.... I keep reading interviews where they talk about companies choosing to stay private either permanently or for much longer than they used to. As a result, the market is missing some very high growth opportunities. What is the impact of this to us; the non-institutionalized investor? I keep reading it enough that it makes me thing there is an impact, but I'm stumped...

investing

There used to be much more opportunities for investors to invest in early stage companies with significant growth potential (early Microsoft, Apple, or amazon as examples). Now companies stay private because there’s so much funding in the private markets and they don’t have to deal with the expenses and scrutiny of being a public company. So normal investors lose access to those investments until they’ve already seen the explosive growth successful early stage companies have had. We only get access to them at a much later stage of the growth cycle, the companies have become much more mature by the time they go public.

nsnu9m

House is $550k - how much do I actually need?

Looking to become a first home owner in the next year or so. I currently have $55k saved plus $13k in a VAS fund. I’d like to buy a $550k house, how much more do I need to cover the additional expenses involved in buying a house to be comfortable? I already have the 10% deposit excluding the additional fees. About me; - 25M - Casual full time equivalent Industrial Electrician - $101k/annum before tax (without OT) - Hunter/Newcastle based - No debt - I have a partner but I’d like to see what I can actually afford myself before relying on her Thanks!

AusFinance

This calculator will give you a very rough indication: [https://www.commbank.com.au/digital/home-buying/calculator/stamp-duty-calculator](https://www.commbank.com.au/digital/home-buying/calculator/stamp-duty-calculator) It will also estimate LMI on your loan for you (if the calculator considers you have a sufficient deposit excluding stamp duty etc).

j780a8

My landlord admitted to not declaring my rental income and won't claim rent relief...

Hi guys, A little background. Live in victoria and have been on jobkeeper since march due to covid. I fit all the requirements to receive rent relief. Hope someone can help or perhaps give me some advice please. As the title says, she says she can't claim the reimbursent she would get from rent relief. Ive been offered a reduced rate for a month but this only equates to about $500 when rent relief could net me $3000. Am I legally enittitled to anything here? Thanks Edit: a lot of people coming through saying tell the ato which is expected I guess. I should have added that she is also my housemate too. Moved in earlier this year (never met previously). With things being so hectic in Melbourne right now, I kind of abruptly moved in with my (covid) girlfriend about 4 months ago but have continued to pay rent every week. By moved in I mean I only took a bad of clothes. Never have I even asked for a reduxtion even though I've been on jobkeeper since march. So she's been given a free house which ina time when we are all locked down and she is working from home. It's a very small apartment btw so it could only have been a blessing for her to not have her new unemployment housemate around her all day in pyjamas! . So we havnt really spoken much lately except for the odd how you going message. Everything was pretty good I assumed. But now this has her acting completely out of xharacter. Ill definitely talk to her soon because restrictions are easing but I guess i was just looking to see if I should be entitled to the $3000 from her own pocket then. I don't really want to dob her in...

AusFinance

> can't claim the reimbursent she would get from rent relief. regardless of how you end up, you should dob on them for not declaring the income. It's illegal tax evasion. See https://www.ato.gov.au/general/the-fight-against-tax-crime/what-you-can-do/#:~:text=If%20you%20know%20or%20suspect,us%20on%201800%20060%20062.

ypg44z

Is sick leave paid out if I turn into a casual position from a permanent part time contract?

Hi I work at an aged care and was wondering if my accumulated sick leave hours will also be paid out along side lsl and annual leave if I change my contract from permanent part time to a casual position? Thanks

AusFinance

No, you are effectively leaving your position. Annual leave is always paid out. LSL is only paid out if you have reached the LSL tenure requirement in your award. Check the award specifics, its usually 5 to 7 years. If you were going to part time you might of been able to get them transferred Also aged care awards typically have Portable LSL which means your LSL accruement doesnt dissapear and you can take it wherever you go next as long as your next position and company also has PLSL

bt27ge

Best way to invest an inheritance

Firstly, I hope this is the right place to ask this question. Secondly, apologies if this question is regularly asked on this sub. I will be inheriting my parents home. I am the only child and the sole inheritor. The home is worth approx $500,000. There is no mortgage and I have no debts. My parents have owned the home outright for approx 35 years. I am a single 45y/o male with no children. I have a pretty good job with an income of around $75,000 per year, but very little Super- around $40,000 at the moment (that's a whole other story!). Therefore, this inheritance will be my best opportunity to set myself up for retirement. My parents next door neighbours son wants the property to bulid villas or townhouses on both properties (they are big old blocks in a booming suburb in Wollongong). I have no idea about investments/real estate or finance related options. Any ideas on where to look for assistance or how best to make the most of this opportunity would be appreciated. Thanks in advance.

AusFinance

I am a financial adviser. Depending on your objectives there are several different options available to you. You should spend the few thousand $ to seek advice. That will help provide you with a long term plan. There are a lot of good advisers around the place (despite what the media may think) - if you have friends who can refer a good adviser, ask around, otherwise look for one who can provide unconflicted advice (E.g. steer clear of banks/amp advisers)

tqwebt

How a simple phone repair becomes a nightmare if you hold crypto

Smartphones. Who doesn't have them these days. And we all have tons of apps for our portfolio management. We got our FIAT banking apps, we got the CEX apps. we got wallet apps and then browser for accessing the ones that don't have a dedicated app and finally logged into our account and an authenticator app. With so many apps and so many passwords I bet you that we all have unknowingly used save password or better copy pasted or clicked a photo of our seed phrase. So many internet and crypto etiquttes are broken just for the sake of convinience. When does this come to bite our behind ? The first obvious one is losing our phone. But you know, accidents like dropping it in water and damage usually destroy it or once we lose it it runs out of charge. Even then, getting into it requires passords or some biometrics. And we can remotely lock our devices too if someone where to get in. But what if I bring to your imagination a nightmare even more simple ? You have to give your phone for service. Now we all aren't the richest people in the world and definitely I am not. After dropping my phone and cracking the screen, the first thing I do is see if I can still use it with the display still cracked. To my dismay, I saw rainbows and a epiliptic touchscreen that refused to obey. The next course of action is to curse a few suitable words and then look up the price of servicing it. Oh boy, a week to service and half the phone's cost to do it. Hell no. And buying a new one is even more expensive. And here is the conundrum. I go and give it for service at the local shop that uses questionable parts but is cheaper and will get it done by the next day. But here's the kicker, they need my phone's password. *And that my friend is the stake through the heart.* Immediately I tell them "*Actually let me just quickly go home and get the money for this"* and go back home to assess my options **AKA steps to secure your funds** 1. **Sign out of Google:** This will ensure that your authenticator will be disabled as well as accessing your cloud data is disabled as well. No accessing your password manager so your sins are forgiven. 2. **Sign out of your CEX:** Not all CEX have this so verify now the ones that you use allow you to remotely signout of your accounts. This is needed in case your phone's display or touch fails 3. **Remove your SIM card:** If you have a physical SIM card, remove it. This will prevent them from trying to access through SMS 2 factor authentication which a lot of CEX and banking apps use by default. 4. **Block withdrawls:** If you can block withdrawls for a certain amount of time then better do that until you get your phone back. 5. **Delete seed phrase images or copy pastes:** If you can access the cloud backup and delete it then better do it. ***If you have the seed phrase as a local file on your phone then you are pretty much screwed. Someone can simply download metamask and use your seedphrase.*** So there, this was one hell of a 24 hours for me and gladly it seems they didn't tamper with my phone. But it really did hit me like a hammer when I went to the shop and finally before giving the phone they asked for my password. Hope this made you think twice of your security status. And stay safe everyone

CryptoCurrency

I know a guy that changed his phone and number and he can’t enter his Binance account anymore. He don’t has his email password, 2FA doesn’t work and after contacting the customer service they didn’t reset his email or password!

z46oev

Rule 2a: Posts and comments must be related to GME - Help Revise Superstonk's Rules

# What's happening? Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposed revisions. We'll do our best to review and discuss your comments, as well as provide insight into why we may or may not go forward with suggestions. **See** [the main thread here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) **for more information and expectations for commenting on rule revisions.** # About Rule 2 This rule is currently [Posts and comments must be related to GME](https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded_rules/#wiki_rule_2_-_posts_and_comments_must_be_relevant_to_gme) It's become a little too all-consuming and users felt the title of the rule was too limiting, even after adding the Macroeconomics flair. The mod team proposes breaking Rule 2 into multiple rules and clarifying that * Must be related to GME or Macroeconomics 💎👈 you are here * Must post Original Sources * Use an Appropriate Title, Tag, and Flair Click the links to see the proposals for the other two sections. Please share your feedback below! # User Report option Current report option: Posts and comments must be related to GME Proposed report option: Must be related to GME or Macroeconomics # Proposed Revision for Discussion ## ## 2. Must be relevant to GME or Macroeconomics Topics, titles, and contents must be directly related to GME, GameStop, or market mechanics and macroeconomics. Other topics must explicitly state how they relate to GME, either with words or with sources. Improper content includes, but is not limited to: other companies/stocks, politics, religion, NSFW content, and upvote fishing. [Expanded Rule](https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded_rules/#wiki_rule_2_-_posts_and_comments_must_be_relevant_to_gme) # Expanded Rule 2 - Must be relevant to GME or Macroeconomics This is a $GME sub first and foremost. Topics must be directly related to GME, GameStop, or market mechanics and macroeconomics. Even if it's common knowledge for most users of this sub titling and flairing posts appropriately and ELIA (explain like I'm an ape) in the body of the post are still important for those that are new to Superstonk. Because of our emphasis on education, we ask that OP's be responsible for making sure both their post title and post contents (text, image, links) convey how their submission is relevant. Other topics must explicitly state how it relates to GME and be substantial enough for a DD or TA flair. Examples of this include macroeconomics, market structure, rules, and regulations. Speculation/Opinion in this regard, especially those about other companies that are not currently known to be directly related or partnered with GameStop, may be allowed based on the quality and effort put into the post. See Use an Appropriate Title, Tag, and Flair for more details on specific post requirements. Please provide sources in the post when submitting DD, Education, News, and Social Media. See Must post Original Sources for more info. # Submit Quality Content Posts that meet all our requirements are still subject to removal or flair change based on quality as determined by the community through a combination of: 1. the post’s upvote score & upvote percentage 2. the Quality Vote Score on the Superstonk\_QV sticky 3. reports and mod mail 4. comments [Find out more about the Superstonk\_QV bot and why it's used here](https://www.reddit.com/r/Superstonk/wiki/index/rules/qv) ## No Improper Content Please consider whether your submission is worthy and substantial enough for its own post, or if it would be best left as a comment on the original post, Daily or Mega Threads. * No other tickers/companies. Any reference to other companies or tickers must involve $GME directly and be explained in the post. DD or TA is preferred and Speculation/Opinion should be substantial enough to help uninformed users connect the dots. * No filler text. * No reposting removed content. * No political posts. Any reference to politics must involve $GME directly. * No upvote fishing. * No NSFW, porn, or sexual/inappropriate content. * No religion. You can worship any religion you want, but this is a subreddit for GME. * No news aggregators or second-hand information. Please post the original source when sharing links and screenshots. Comments that purposely derail the discussion of the post may lead to a ban.

Superstonk

I gotta say I've learnt a shitload of stuff about the marcoeconomics of the US markets through the various GME related subs throughout the last 2 years. I'm not sure if I could have learnt these things through other sources. The most recent would be Peruvian Bull's DD, and I'm pretty sure many of his Dollar Endgame posts did not directly relate to GME, but I'm glad they were permitted to stay on SS. Would his Dollar Endgame posts violated the current rule (if applied strictly)?

bx3wc8

How big of a house do you live in and how does it affect your FIRE path?

The biggest living expenses is around housing. The bigger the house is, the more expensive it is to pay for it and maintain it. Utility bill gets bigger too. So the most sensible method is obviously to reduce housing to the minimum to increase our saving rate in a meaningful way. At least that’s the theory. I make very high income from my job and investment returns. I was qualified for more than a million dollar loan to purchase a new construction custom home. It was tempting to move into a a dream home with all the amenities and custom features I wanted. But after much debating and soul searching, I decided to stay put in my 2 bed 2 bath 900 sqft home. My family size is only 3. We are comfortable and have everything we need. If I pull the trigger, I can easily pay off the remaining balance or cover payment from my stash. I am wondering who else out there are choosing to stay in small home? How many people live in it? Does that decision play a major role to enable you to FIRE? Or oppositely, do you wish to downsize/simplify to speed up your FIRE journey?

financialindependence

4br 2.5ba 2000sqft. I bought it while single in my early 20s and focused on paying it off before having two kids. I wouldn't have been able to afford the house when we had kids due to prices and taxes both more than doubling while I paid it off. Instead of making huge mortgage payments in my 30s, I maxed out retirement accts. Have lived in the house 21 years and plan to live there at least till the youngest finishes undergrad in 14 years. So I'm looking at 35+ years with no landlord profit, moving expenses, realtor fees, or real estate transfer taxes.

j0km0d

A win against Citi

Citi had been harassing me about $10,000+ in debt on a credit card I never opened. I filed disputes with them to prove (a) the original signed contract; (b) all monthly statements; and (c) final balance. I filed these disputes to them as well as all three credit bureaus. Granted, this took about 6 months to get this resolution from Citi. They don't have the proof and are dropping the matter. Their letter to me stated "they believe the debt is valid, but are unable to provide certain documentation on the account. As a result we are not longer seeking this balance and have ceased collection activities on your CITI MASTERCARD account. Additionally, we have sent a request to the credit bureau reporting agencies to remove the trade line as a courtesy." Am I out of the woods?

personalfinance

I am a victim of an identity theft. All banks and organizations where all these fraudulent accounts were opened in my name helped me out with an investigation and resolved these, I sent all the proof that it was not me opening accounts, but not Citi Bank. I have all the evidence, documents from IRS, police, 9 other banks, FTC reports, Credit Bureaus reports about the identity theft, but apparently it is not enough for them. Every time I get the same templated reply from their Executive Response Unit, no one ever contacted me about their investigation. I just don’t get what is wrong with them...

1qgc19

Didn't know what other subreddit would be able to help, I was just wondering if this was worth anything?

http://i.imgur.com/al30xYf.jpg Google searches came up a little obscure so I was wondering if anyone would be able to tell me if this is worth more than the paper it's printed on. Found it in a filing cabinet while moving my grandma's stuff.

investing

So I'm no professional but I just [googled and found some documentation](http://www.24hgold.com/english/news-company-gold-silver-plan-of-merger-of-silver-butte-mining-company-and-silver-butte-company.aspx?articleid=209712) I believe is suggesting that Silver Butte Mining merged with Gambit Energy (GMEI) which is worth like $1.04 at the moment. 2000 x 1.04 = $2080

qsyjg3

So... What's the deal with Tesla? What is it that makes people so confident in it?

So I've been sitting on the sidelines for quite a while on Tesla while everyone else around me go all in. My gut feeling tells me that if everyone flocks to one thing, there must be something fishy about it all. I can't lie, I've been tempted time and time again to jump in, seeing my friends make 10% in a single day and what not. I guess I am only human. However, after reading the works of Buffet, Howard Marks, Munger, and those gentlemen (which i consider my teachers), Tesla just seems to go against their philosophy; especially when it comes to the margin of safety principle. Now Tesla is a special case, if we look at Tesla as a company, their debt is consistently decreasing, equity and profits are growing like crazy, all of that is good. It's just the valuation. Currently at a P/E of \~300 for instance, it means they have A LOT to back up for in the near future and the public obviously has high hopes in them. But my question is, what exactly is this hope? I am not very informed about Tesla, neither am I an engineer, which is why I wanna hear some of your opinions about them. \- What is their specific moat when it comes to the electric cars? How will this moat be protected by other automobile dealers? (i.e the Germans, Ford, the Chinese, etc...) Is it just their brand or do they have superior technology that will actually be hard to replicate/improve by other companies in the coming 10 years? \- What other ventures are they going into besides cars? Is it A.I? What constitutes as A.I? If it is a personal robot who does the dishes for you and cleans your house, in what way will they have superior engineers compared to the other giants such as Alphabet and Microsoft? And why will they perform better than them? Basically, what is it that they do that makes people so confident in them, and what is it that accounts for this valuation?

stocks

Do math. It's easy. Production x 50k per car. (probably more thanks to falling dollar, ie inflation) Or use profit per factory. Never use pe ratio on a rapid growth company. Use price to sales ratio similar to other growth companies. Factories. It's about the machine that builds the machine. GM, VW, Ford can't compete with Teslas output efficiency. Anyway focus just on Profit per Factory. Tesla made 1.5 Billion net profit last Q with 2 factories while building 2 factories wtf. With 4 Factories = 4B minimum per Quarter(1 Billion per F per Q). So thats 16 Billion per year Net profit just on cars. Play with this number. Now add FSD, solar, charging network and Mega pack sales. I see 50 percent improvement in profit per factory once completed. 6B X 4F =24B/yr Net Profit on cars only! So multiply 24B x future PE ratio. Amzn has a pe ratio of over 100. If you take just 80 PE x 24 Billion =1.92 TRILLION. Tesla can build a new factory with 1.5 Billion. They made this in less than a year off Bitcoin investment. Tesla has reach escape velocity.

u1f92t

Disadvantages of ETF's

Everybody is quite positive about ETF's these days and it is obvious to see why. For a great price, you got great diversification, low risk and a relatively high reward in the long run. My question is though, with all the hype surrounding ETF's, what are some actual disadvantages of ETF's that people should be aware off before buying ETF's. What is the catch to this, seemingly great investment oppertunity?

stocks

Diversification reduces volatility but it also reduces returns, because you get both the winners and losers. The opposite of diversification is concentration, and there’s famous investors who run very concentrated portfolios of only 5ish companies. The downside of concentration outside of increased volatility, is you have to actually know what you’re doing and research companies. Diversification is passive and needs no knowledge.

zv8neh

Investment Strategies for 2023

Wondering what people's philosophies are heading into the new year. 2022 has forced people to rethink things like asset allocation, so I'm wondering what broad portfolio changes people plan to make (if any). Personally I'm considering sinking 10-20% of my equities-only portfolio into treasury bonds while rates remain high. Thoughts?

stocks

1. Not investing in any speculative assets (I.e. crypto, meme stocks, SPACs, etc.) 2. Continue to DCA into a low cost index fund like VTI 3. No leverage (never did and never will) 4. Ignore the noise (media and influencers) and short term price fluctuations 5. Invest for the long run 6. Keep some cash on the side for great buying opportunities 7. Inverse Cramer 8. Stay focused, disciplined and do not get too greedy

8r1jvd

How much is Hulu worth compared to Netflix?

As of May 2nd, Hulu had 20M US subscribers to Netflix’s 55M US subscribers. I know much of Netflix’s recent valuation is based on International subscriber growth, but Int’l aside, how would one value US Hulu vs US Netflix? Hulu has a TON of original content, and by original I mean content by the major networks like ABC, NBC, and FOX. The bottom line is I’m trying to see how much value Hulu and then Disney’s own upcoming streaming service will add to Disney’s stock over the next 5 years.

investing

> Hulu has a TON of original content, and by original I mean content by the major networks like ABC, NBC, and FOX. That is the issue with their value. I believe HULU does not own all of that content. They license it. Netflix has generated more of their own.

hi9w52

"Lululemon is buying exercise hardware startup Mirror for half a billion dollars"

[https://www.theverge.com/2020/6/29/21307484/lululemon-mirror-startup-acquire-purchase](https://www.theverge.com/2020/6/29/21307484/lululemon-mirror-startup-acquire-purchase) "Lululemon, the company behind trendy fitness apparel, is getting into the hardware business with Mirror. The fitness lifestyle company announced on Monday it would spend $500 million to acquire the startup, which sells a $1,495 reflective display so subscribers can exercise while simultaneously streaming workouts and watching themselves" My thoughts: On paper this seems not to be a bad deal - it appears Mirror is inching near profitability, has significant revenue and MAU. Other players in the at-home fitness space like Peloton have fared well in these recent corona times. Lululemon and other fitness-wear companies have had their sales affected recently, but diversifying into the fitness tech space may be somewhat of a wise hedge. Obviously at a $1500 price tag, they're not targeting a general consumer base.

investing

Neither are their $100 leggings. That being said, this is a great acquisition. I expect to see some sort of virtual “try on” feature where lulu will ship your clothes without you even going into the store. Look at under armor and my fitness pal. Nike has their own app as well.

wbeb82

FTC sues to block Facebook owner Meta from buying VR fitness app maker

The Federal Trade Commission is suing to block Facebook owner Meta from buying Within Unlimited, a company that makes the virtual reality fitness app Supernatural, the agency announced on Wednesday. The FTC alleges that Meta is “trying to buy its way to the top” rather than compete on the merits in the VR-dedicated fitness app market, FTC Bureau of Competition Deputy Director John Newman said in a statement. “Meta already owns a best-selling virtual reality fitness app, and it had the capabilities to compete even more closely with Within’s popular Supernatural app,” Newman said. “But Meta chose to buy market position instead of earning it on the merits. This is an illegal acquisition, and we will pursue all appropriate relief.” A Meta spokesperson said in a statement the case “is based on ideology and speculation, not evidence. The idea that this acquisition would lead to anticompetitive outcomes in a dynamic space with as much entry and growth as online and connected fitness is simply not credible.” The company spokesperson added the agency’s lawsuit sends a “chilling message to anyone who wishes to innovate in VR” and said Meta is “confident that our acquisition of Within will be good for people, developers, and the VR space.” The lawsuit, which also names CEO and controlling shareholder Mark Zuckerberg as a defendant, echoes issues progressive critics have said the FTC should have raised in Facebook’s acquisitions of Instagram and WhatsApp roughly a decade earlier. The FTC is already separately suing Meta for illegal monopolization of the personal social networking market, in which the agency charges that Meta used those two acquisitions to shut down nascent competitors to increase its own dominance. Meta previously sought for that lawsuit to be dismissed, though it is still moving forward in a federal court after the judge allowed the FTC to revise its complaint. When the monopolization case was first filed in 2020, Facebook’s chief counsel said the FTC was looking for a “do-over” of its original reviews of the Instagram and WhatsApp mergers, which happened years earlier. Source: https://www.cnbc.com/2022/07/27/ftc-sues-to-block-facebook-owner-meta-from-buying-vr-fitness-app-maker.html

stocks

I have to agree with meta here, it seems the new ftc is salty that it let these companies get as big as it did all those years ago and now are cherry picking on issues that aren’t anti-competitive at the moment.

k4uytz

Musk to Tesla employees: 'Our stock will immediately get crushed like a souffle under a sledgehammer!' if we don't control costs

Tesla CEO Elon Musk sent an email to employees Tuesday warning they will have to control costs in order to maintain the company's streak of narrow quarterly profits. "Investors are giving us a lot of credit for future profitability but if, at any point, they conclude that's not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer!" Musk wrote in the email, which was obtained by CNBC. Tesla shares continue to trade at all-time highs, and the stock will join the S&P 500 later this month. Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending in order to continue squeaking out quarterly profits, even though shares of Tesla are trading at all-time highs ahead of the company's inclusion in the S&P 500. This year, among other things, Tesla began spending to build a new factory near Austin, Texas, and another near Berlin. The company also embarked on a makeover of its paint facilities, which are part of its U.S. vehicle assembly plant in Fremont, California. "Investors are giving us a lot of credit for future profitability but if, at any point, they conclude that's not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer!" Musk wrote in the email, which was obtained by CNBC. Electric vehicle news site Electrek previously reported the contents of Musk's email. In early 2020, amid sluggish auto sales the world over, Tesla cut some employees' pay temporarily, slashed contracts with temporary workers and fired an undisclosed number of workers after an annual performance review process. It has since rehired contractors and restored employee pay. The Tuesday e-mail echoes previous statements by Musk but does not specify how Tesla plans to mind its budget. On the company's third-quarter earnings call, Musk told analysts and shareholders, "We're trying to spend money at the fastest rate that we can possibly spend it and not waste it." But on that same call, Tesla CFO Zachary Kirkhorn said Tesla plans to ramp up its capital expenditures by $2 billion versus its prior stated plans to $2.5 billion in 2021 and 2022. Among other things, he said, the increased spending would enable Tesla to "in-source" things like some of its battery cell manufacturing. Tesla raised $5 billion in September through an equity raise but needs to pay down about $1 billion in this, its fourth, quarter related to converts. Shares of Tesla were trading above $580 ahead of the market's close on Tuesday. [Source](https://www.cnbc.com/2020/12/01/elon-musk-warns-tesla-employees-stock-could-get-crushed-like-a-souffle-if-company-doesnt-ac.html)

stocks

**Here's the full email** >At a time like this, when our stock is reaching new highs, it may seem as though spending carefully is not as important. This is definitely not true. >When looking at our actual profitability, it is very low at around 1% for the past year. Investors are giving us a lot of credit for future profits, but if, at any point, they conclude that’s not going to happen, our stock will immediately get crushed like a soufflé under a sledgehammer! >Much more important, in order to make our cars affordable, we have to get smarter about how we spend money. This a tough Game of Pennies – requiring thousands of good ideas to improve part cost, a factory process or simply the design, while increasing quality and capabilities. A great idea would be one that saves $5, but the vast majority are 50 cents here or 20 cents there. >In order to make the electric revolution happen we much make electric cars, stationary batteries and solar affordable to all. >Thanks and great working with you as always, >Elon

s9njb7

Atobitt's House of Cards part 1 mentioned DRS - Did anyone notice this?!

[https://www.reddit.com/r/Superstonk/comments/mvk5dv/a\_house\_of\_cards\_part\_1/](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) # Of course I read through this a couple times and now that we know more about Computershare, this reads totally different. ​ # Part 1 is about a rule change, where the DTC told issuers they can no longer remove their securities from the DTC. ​ People wrote in opposed to the change, citing market manipulation in the form of naked shorting, since most of the issuers removing their securities from the DTC were doing it because they were being targeted by short sellers. ​ The firms writing in about the rule change that were in favor of it cited the Direct Registration Service as the means of being able to remove shares from the DTC. [DRS!](https://preview.redd.it/y02oqmscf4d81.png?width=689&format=png&auto=webp&s=c5bcdacc816db233aa55498a4408c8f8fcc6ddff) [DRS!](https://preview.redd.it/x3rren5df4d81.png?width=569&format=png&auto=webp&s=f57de98b6880a17ae2c885fb1272a837491052ce) ​ ​ [yes, unless investors decided to use the DRS](https://preview.redd.it/ssp4vta8f4d81.png?width=701&format=png&auto=webp&s=7e223f682b7a7787aaf5d1b887322cf71324a0ff) ​ # Their argument for the rule change was that individual investors could just utilize the Direct Registration System to move their shares out of the DTC! Just a reminder that the DD is never done! This DD from 9 months ago is STILL RELEVANT and important today! I consider this place like the Wikipedia of market fuckery 💖 and I love it more and more every day

Superstonk

That far back I was sure the vote count would reveal the scam. Little did I know, the system is setup to cheat that too. Time to stop the game!                              [DRS is the way!](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_medium=android_app&utm_source=share)   .                           .              .                 .                                                           .             .             🟣        🟣                                .     .                    🟣                  🟣                                                   .     🟣        🟣                 .                                 .                                         .                                                                                  .                                                                              .           .                 🚀      .                                                   .                                  .                     .           .                    .      .                            

6i4vvz

Why aren't you guys investing passively when you cant beat market returns?

Studies show passive investing in low cost index funds beats active investing far more often than not. Add in the fact the most of this subreddit likely are not professionals and the number of winners surely drops even lower. So why not just go into some low cost index fund? I can see the appeal in the fun of the game, is that all it is?

investing

| Studies show passive investing in low cost index funds beats active investing far more often than not. No, studies show that investing in passive investment products with low costs beats investing in active investment products with high costs. You're misinterpreting that to mean that personal active investment never beats markets.

m94pfp

Poverty is slowly destroying me and I wish it wasn't

I'm sorry to be venting here, but I have no real other place to do it where people might understand. I'm worn out and really battling. If you have some kind words, please let me hear them. Especially stories of things getting better. I don't think I can take 'We used to scrape pennies off the streets and now we vacation in the Bahamas' type stories, but if you have a 'I used to feel this worn out too, and now stuffs better and I can sometimes buy people I love a treat' type stories, please do share. The last 12 months- is it really only 12 months- has sucked every last drop of joie de vivre from me. I've always been able to rely on, I guess, upbeat practicality to get me through hard times before. I'd usually rather just go 'Oh dang, here's a problem' and sit down and solve it then go cry for myself. I certainly wouldn't have been posting on message boards hoping for a few drops of empathy to sustain me! I find I can't really do it anymore, though. I'm worn out on problems. It's not a good enough word. I am so TIRED. I don't' have the words for this type of tired. I'm worn out on trying to make do with less and less- especially when a big part of that less and less is medical care. Everything seems to make circular problems that come down to 'have more money.' I have an AI, but haven't been able to afford to take meds properly in months. Needles to say this doesn't help fill the energy and coping skills . I was able to access them, though, because while we were in certain lockdown stages here in South Africa, they extended chronic scripts at pharmacies. That's fallen away now. I have to go back to a doctor to get the 6month script before I can fill anything again. They won't do phone-in script refills and stuff here. I have to pay for the full appointment. And I have no idea how to finance that. If I do, I certainly won't be able to fill the actual script. Heck, there's one med I haven't taken in 1/2 a year because I can't afford it's sticker price. What's the point of even getting a script for it anymore? 'Tele' sessions, a brief hope for reprieve I had earlier this week (it's just a darn script refill, 5 minutes of time ffs), have been sneakily priced to be the same as in person. How gross do you have to be to do that? Is there ANY medical ethics left? I may as well go in and run the COVID guantlet. Who- just WHO- invented the notion that only the rich can be well? Why is this allowed? I'm worn out on everything being sucked dry because I can't ever have even one moment free from the dread of knowing I don't have the money for the things I need, let alone personal wants or goals. Every time I think at least THIS week's expenses are covered, or I've finally made a bit more money, something happens. A week ago it was an electricity bill double the usual, fraudulently so, but I am powerless to address it. It just had to be paid as is. (SA's electric provider is a joke, and I don't have the energy to explain this one further, but believe me, I've done what I can but there isn't much to do, it's a 'this is Africa' moment). I earned more then I have been last week too, had a small treat in mind for someone special I wanted to get them, but no... the yawning chasm of poverty demanded I couldn't have even that small joy. I'm not going to waffle on, it's a vent not a novel. But I... I can't explain this tiredness and sadness to people around me. I don't know anyone that's struggling to the extent I am and they're good people, but they just don't get it. One seriously asked me why I don't use my emergency account, as if that hasn't long since run dry! At best it's the 'budget out of poverty' type empathy that doesn't understand you can't budget away wages destroyed by COVID or get jobs that don't exist because our economy is crushed. I can't access counseling- it needs cash. I can't eat my feelings, take a break, do something, escape-everything needs cash or transport or heck, energy, and I just don't have those things. I feel so tired and trapped, like a little hamster running on it's wheel and wanting to get off, but everyone's making it stay on there even though it can't do it anymore. I cry so much these days and I've NEVER been that person. I miss the person who wasn't this worn you, and had goals and dreams. I miss looking in the mirror and recognizing that person. Instead, I'm the person typing on Reddit so I don't' cry because I just found out Monday's a public holiday here and that means bank clearance times will be extended and that means MORE waiting, MORE stretching and my current coping skills are 0. Please bring some empathy or a hopeful story or two if you have them? It would mean the world right now.

povertyfinance

I hear you. I was underemployed and had been diagnosed with three types of cancer. Then covid hit. It's been tough, and I've had moments of despair. What helped me turn it around was changing my attitude. I make a gratitude list every day. I quit reading the news. I only watch and read things that are mood lifters. I'm taking a break from true crime. I'm reading biographies and autobiographies of people who did well despite terrible odds ... Like Maya Angelou and Helen Keller. I meditate daily on the positives: My cancers were caught early. I had two surgeries that went well. My surgeons were very kind. I received support from friends. I don't dwell on the friends who dumped me because cancer was too real for them. I listen to upbeat music. I focus on what I have, rather than what I don't have. I quit looking at shopping sites and unsubscribed from tech review sites and channels. Sometimes when I'm trying to fall asleep, I mentally go over my possessions that I love. I count my earrings in my head, or think about trips and experiences that were rewarding. I don't dwell on what I don't have. Money's still awful tight and I have been making do with a lot less, but I don't think about the medical bills in arrears. When I start worrying, I find something soothing or productive to do. My place is really clean, for the first time in ages! Keeping my mental health up can be challenging but only I can do it. You can do it, too.

us8l44

Daily FI discussion thread - Wednesday, May 18, 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

personal brag post since there are very few people besides my partner i will tell this to but I just got a 15% raise at work and a promotion as well as some more stock. I started work a little under 4 years ago and have raised my total comp almost 70% not including stock grants. I've been really focused on growing my career and its great to see it paying off. I also generally like my job, company, and boss so even though I think I could get more from job hopping I'm happy where I am for now.

9myh8u

Daily FI discussion thread - October 10, 2018

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 wasn't too many years ago that a big theme in the daily was people sending out resumes and not getting replies. Nowadays, it seems a common theme is interviewing and negotiating raises. I guess the economy really is a thing! :)

neo2cp

My dad (50s) thinks its better to retire "super poor" and does not want to save "too much" for retirement

Hello all, My parents (late 40s/early 50s) have never been good savers. Despite making a 6 figure income, it was not until recently (last \~3 years) that they started seriously saving money for retirement. In just three years of getting their stuff together, they have amassed 80k in savings (spread in 401ks, IRAs, and savings account). I'm pretty proud of them for this, and was recently having a convo with my dad about how if they keep this up, they could probably retire with some decent savings. My dad's reaction to this surprised me. He informed me that he and my mom have no intention of saving more than 100k. According to him, it's better to retire "super poor" as this is how you get the maximum amount of government benefits (social security, health insurance). He also is convinced that upon retirement, the government seizes half of your assets/savings. My parent's fear of this happening is so strong, that not only do they not want to save more than 100k, they also intend to blow most of it by the time they retire. In their minds, the goal is to retire with no assets and $0 in savings; having *any savings* at all will screw over their retirement benefits. Now all of this sounds like a terrible idea but I'm not super educated on any aspect of retirement. My brief research tells me that social security benefits should not be affected by assets/savings upon retirement, but is this the case? Is eligibility for Medicare affected? Thank you

personalfinance

>He also is convinced that upon retirement, the government seizes half of your assets/savings. Serious question, how does someone with such foolish views end up making that much money? What does he do for a living?

80g525

GE to Restate Two Years of Earnings

https://www.cnbc.com/2018/02/25/general-electric-to-restate-two-years-of-earnings.html "The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported earnings per share for 2016 and a cut of 16 cents per share for 2017, according to the company's 10-K filing." "GE is adopting the new accounting standards as the Securities and Exchange Commission is investigating GE over its accounting for long-term service contracts. GE also is facing potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp. unit violated U.S. law in connection with subprime mortgages, according to the filing."

investing

What the hell? This is a change from an accounting standard change. It’s an audited number. Every company is doing this as of Q1. You get to pick how to implement the standard. They decided to do the retro method. Why is this a big deal? Honesty though - are you trying to mislead people on purpose or by accident?

irz4lw

Investing Newb eyeing RIOCAN REIT

***(QUESTION is in bold near the bottom, if you don't want to read my intro and reasoning)*** Hey everyone. I am new to personal finance, investing and reddit (literally my first post). ​ Given all of the attention the stock market has garnered over the past few months (given COVID-19 and all of the economic fallout it precipitated), I decided to take some time to learn about personal finance, investing and the stock market. I am in my late 20s and I am learned in matters of law as opposed to finance. ​ Over the spring, I spent hours glossing over investopedia, youtube and other resources (including books) to learn things ranging from basic investment lingo to market cycles, central banking and interest rates. ​ I opened a TSFA on Wealthsimple Trade. Besides a few swing trades and a lucky call on $WELL health Tech, I have been focusing my energy on finding good dividend stocks that are trading at a value (long positions) ​ I have a decent position in $REI.UN (riocan reit); 300 shares so far, and planning to reinvest the monthly distributions. I have been consistently purchasing the REIT below 15 dollars. As of late, the shares have been trading at around 14.40s - 14.60 (nearly a 10% div. yeild. And yeah... I bought most of my shares during this recent dip). ​ I live in Toronto and really see the value in Riocan. They have nice properties; mostly open-air shopping centres with essential businesses. They have also been pivoting toward residential, wit some notable projects in the works. ​ I find their diligence in rent collection and navigating the governments CECRA program impressive. In Q2 they collected about 86% and projected a rise over the summer. ​ They have also seized the opportunity to cut loose older tenants and bring in newer ones. For example, there is a Tokyo Smoke (marijuana dispensary) set to open up at their Shoppers World near Danforth and Victoria Park in Toronto. I think it is replacing a "The Childrens' Place" clothing retailer. ​ Lastly I like that clothing retailers comprise a very small percentage of their tenants (under 2% if I recall correctly). ​ ​ **Does anyone have any positive or negative opinions on Riocan? I have also considered Smartcentres (SRU.UN), Choice (CHP.UN) and Brookfield Property Partners (BPY.UN). I know that my reasoning for enerting the REIT does not involve sophisticated financial analysis, so I'm open to insights from more learned people.** **Riocan seems most comparable to Smartcentres, but I like the sustainability of RIOCAN's dividend (lower payout ratio under 100%). BPY comes off a a bit too risky given the fall in commercial rent revenue and the distribution payout. Choice's yield is low and the properties seem a bit under-diversified.**

CanadianInvestor

I would hold off on investing further into reits at this time. Once CECRA is done and with a potential 2nd wave already in the works, how does that bode for future rent collections? A lot of tenants have been relying on forgivenesses and government assistance.

m7eho8

ARKK vs EARK

Good evening, sorry for the newbish question. I have a few thousand in a LIRA and I am interested in an ARKK type fund. The easy route is to dump it in EARK, Emege's Canadian ETF that is supposed to shadow ARKK. Otherwise, I would have to do convert to USD (Norbert's Gambit?) and gain exposure that way. ARKK has an MER of .75, $25B AUM and 2020 returns of 152% (YTD 2.39%) Conversely, EARK has an MER of 1.7, $200M AUM and 2020 returns of 130% (YTD -1.12). To my eye, EARK costs over twice as much with lower returns which is probably reflected through its low AUM. And yes, I am aware that past performance == future performance. However, seeing as they follow AARK's holdings, it doesn't seem right to charge so much for an MER. My question is: is it worthwhile to convert to US funds and invest in ARRK directly or am I splitting hairs and EARK is a decent alternative? Also, our CAD/USD is favourable to us at the moment ($0.81), it will likely fall at some point which will make transferring to USD beneficial now. I am still trying to understand currency hedged funds. Am I correct in most of this or am I missing something? I have never done Norbert's Gambit before and I am with Questrade, so I am not sure how complicated it might be. This LIRA is only about 10% of my entire RRSP portfolio. Edit: I could plan to convert the entire LIRA to USD (is that even allowed?) and buy into ARKK minus 25% to cost average down later if/when it dips. THANKS!

CanadianInvestor

I think in the case of ARKK/EARK it's definitely worth it to convert and buy ARKK if you plan to hold long term. Even if for some reason you didn't use Norbert's Gambit the difference in MER would cover the conversion fees after only a couple of years.

uy7ht1

House purchasing in Vancouver

We are looking to buy our first condo in Vancouver. It’s a pretty nerve wracking experience not only due to astronomical process but also with all the uncertainty in the world. I know the sentiment that “Vancouver house pricing always goes up” but interested to see thoughts around timing this with rising rates but potentially falling prices

CanadianInvestor

Why are you focused on “timing the market” if you’re looking for your first home in Vancouver. If it is a location that is suitable and you will live in for a long time then you don’t need to worry about necessarily “timing the market” if you are planning to live there for the next 10/15 years

le8jp8

With Aphria and Tilray merging, should I be purchasing APHA or TLRY?

Hi, relatively new investor here so I just wanted to be sure of this I know that Aphria and Tilray are merging soon. According to my understanding of [this page](https://aphriainc.com/tilray-inc-arrangement-faqs/), APHA stock will be replaced with TLRY. So I should probably be purchasing TLRY instead? Is this correct?

CanadianInvestor

It doesn’t matter which one you buy. Your aphria shares will convert to tilray. But if you’re Canadian I’d probably suggest buying aphria to not get killed on the fx. Then I believe after the merger, tilray will be dual listed. That being said, there may be more upside on buying one or the other in terms of price appreciation. But I don’t know the details on that.

nshbyr

Weekend Shitpost - the most money you or someone you know has or has had in a home-gamer broker like QT or WS

I once found an ATM receipt left by someone who had 150k in their chequing account and I thought to myself "frig, they better have way more than thay invested and not their whole net worth just sitting there." In the spirit of deep pockets, what's the record known on here for the most self-invested in something like Wealthsimple or Questrade? Don't have to share your own amount if you don't want, say "a friend of mine" or something if it's you that's flush I hope this isn't considered a meme, just a sillyish discussion

CanadianInvestor

Father in law of a friend showed me options trading and educated me a lot on investing when I was younger. His portfolio was around 10 or 12 millions. Very smart man, very down to earth and he wanted to share his knowledge. I'm glad I met him. He coached me a lot in my early 20s.

shae7b

Stable dividends to pair with VEQT / XEQT?

As the title states. I am holding a 70% portfolio long term into VEQT and I am allocating 30% into others and am looking for dividends with a decent yield. What are your recommendations? What do you pair with VEQT/XEQT?

CanadianInvestor

If you want to tilt away from a single fund solution you want to be sure that you are doing so to either; 1) increase your total expected returns 2) lower your risks In a perfect world, you'd do both but that's tough to do stock picking against a VEQT type of ETF. Unless there's a deeper strategy in play, you have no good reason to tilt towards dividends and (likely) lower your total returns between now and retirement. Grow your invested cash into the largest sum you can. A globally diversified, 100% equities investment fund should do a good job at that. When you get close to retirement, convert some, or all of those holdings into income focused investments and you'll have your dividends.

np6v9e

Investing in Canadian Banks

I would like to put in 10-20K into financials, and was thinking maybe equal split among these the top 5 Canadian banks? I have a small position in Bank of Montreal, and it has been doing quite well (about 50% up since I bought it about 8 months ago). The other Canadian banks have also performed quite well, and still seem attractive, and all have good dividends ranging from 3 to almost 5%. [https://dividendearner.com/best-canadian-bank-stocks/](https://dividendearner.com/best-canadian-bank-stocks/) [https://wealthawesome.com/best-canadian-bank-stocks/](https://wealthawesome.com/best-canadian-bank-stocks/) [https://finviz.com/screener.ashx?v=141&f=geo\_canada,ind\_banksdiversified,sec\_financial&ft=2&o=-dividendyield](https://finviz.com/screener.ashx?v=141&f=geo_canada,ind_banksdiversified,sec_financial&ft=2&o=-dividendyield) Any recommendations?

CanadianInvestor

I’m really curious what TD is doing right now. As far as I can tell, earnings were awesome. I’ve put a small sum in to them, as I figure I’m getting it at value. Ready to put more in if it shows some life. Thoughts?

ea4qzl

Boris won, United Kingdom stocks surging

Markets had priced a conservative majority but they were wrong. Someone, they are liking it: [https://www.cnn.com/2019/12/12/investing/pound-uk-election/index.html](https://www.cnn.com/2019/12/12/investing/pound-uk-election/index.html) The only way I know to invest in the United Kingdom with Canadian dollars is BMO's ETF [ZEQ.CA](https://ZEQ.CA) which has a 33% weighting on it. Thoughts?

CanadianInvestor

the positive move is a reflection of the removal of an enormous amount of uncertainty around what Brexit will look like. Now the Tories have a majority and we know the deal they'll push through Parliament. All that is "good" but Brexit will still ruin the UK in the long run and you're better off putting your money elsewhere.

nqm3p4

Corporation making 800k - what to do?

Hi I have a corporation in Ontario doing about 800k in revenue this year. In previous years I was doing under 400k and was taxed at 15% and that was it. I paid myself some dividends and kept the rest in the corp. At this new revenue of 800k, the first 500k will be taxed at 15% and the rest at a much higher rate. I am wondering if someone with the corp and a similar revenue situation has some words of wisdom on how to set up the accounting and financials at this level of revenue? What would you do at 800k in revenue? I have no employees.

CanadianInvestor

Accrue a bonus of 300k and make sure you pay it to yourself as salary (with a T4) within 180 days of year end. You’ll get the deduction off your 800k and then be able to pay the tax the following year. Source: I’m an accountant

r3ttns

Furniture salesman bait and switch attempt?

Went to buy a high-end sofa today. Retailer had a Black Friday deal for “30% off”. Deal price of $3,290 was in the price tag insert attached to the floor model (though the “reg” price was $500 more than was listed as the reg on last month’s “no sales tax” deal, while the “deal” price was conveniently only $70 less than the previous deal price 🙄). Got a delivery quote from the salesman and agreed to the purchase (at the deal price on the tag insert). He ran my credit card for it (price + tax + delivery) and went to complete the paperwork. Then he came back and told me the floor model price tag had the wrong insert, the price with the options it had was actually $200 more. I told him I was only willing to pay the agreed upon price and he went to “make a phone call” and came back saying it’s not my fault their “incompetent” staff misadvertised the price and they would sell it to me at the original deal price discussed. My question is, was this just a cash grab for an extra $200? Would that have gone to the company or the employee (they were def commission based)? Or is there some deeper reason, like making me feel I got one over on them for paying $200 less that the “real” sticker? Cause all it did was leave a bad taste in my mouth.

personalfinance

My favorite was a few years back my wife and I were buying a new car. It came with a fairly extensive warranty but they had a guy trying to upsell a better warranty. I’ve never been one to go for something like that but I let them talk to me. (My wife was surprised I let them talk to me as long as I did). I finally let them know I wasn’t interested and they went with the hard sell letting me know about all the stuff that could go wrong and that it would be covered. I finally looked at him and told him that I don’t know if I want to buy a vehicle that the dealership has so little confidence in and got up to start to walk out. I’ve never seen such a quick about face.

shk5wg

Peter Lynch: The Ultimate Guide to Stock Market Investing

I found this gem on YouTube and wanted to share with you. A refresher for new beginners to seasoned investors alike, this more than 20 year old video from Peter Lynch is still 100% accurate today. If you don’t know who Peter Lynch is, he was a fund manager at Fidelity. He managed the Magellan fund that managed average annual return of 29% for more than a decade. Widely known as one of the best investor of all time, in this video he shares his wisdom of the stock market. [Link to the video](https://www.youtube.com/watch?v=J1DFMXL2kXE) P.S. If you want to specifically know what to do when marker goes down, go to 10:25 of the video. I highly recommend watching the entire video though.

investing

I have seen this video before. Thanks for sharing. I like Peter Lynch but the nuances between different investors fascinate me. I was led to believe that buffet and lynch are like-minded but I saw a video where buffet was basically saying lynch is too much into diversification for his preference.

3eouen

With China ending it's 15 year ban on console gaming, would now be a good time to invest in Sony, Nintendo, or Microsoft?

The title pretty much asks it all. Link to the article: http://www.ibnlive.com/news/tech/china-ends-15-year-ban-on-video-game-consoles-1025784.html EDIT: I'm not asking how the removal of the ban will affect stock prices, I'm asking how the news of the removal of the ban will affect stock prices. (thank you /u/ABroadIdiot)

investing

>> I'm not asking how the removal of the ban will affect stock prices, I'm asking how the news of the removal of the ban will affect stock prices. You're doing it wrong. Thats not really investing its speculating or trading.

li4uaz

Castor Maritime ($CTRM) to buy two LR2 tankers for $27MM. Market Cap jumps $250MM.

That title is worse than it sounds. We need to talk about shipping: ​ For anyone who hasn't looked at a maritime shipping/bulker/tanker company: A) Good choice! B) The value of these companies is almost all assets. This is one of the few places you'll still see companies trade at/below book value. Star Bulker Carriers, for example, has $2.9 billion in ships, $1.5 billion in net equity, and a $1.2 Billion market cap. Frontline has $1.5 Billion in equity, $1.3 billion market cap. That doesn't mean you should go out and buy $SBLK or $FRO. The business is an asset heavy, miserably unprofitable commodity service. Everyone in the shipping industry waits around cutting their teeth until a shipping supercycle hits and they can actually profit. They have extreme sensitivity to interest rates, and extreme sensitivity to economic downturns. ​ You aren't getting $1 for $.90 buying these stocks. You're getting the expected future cashflows from $1 of net merchant ship, which the market ascribes an NPV of <$1. ​ I digress. Castor, as of 9/30, has $30 million in ships. Six 75,000 DWT bulkers, to be exact. A tiny fleet. They've now bought a Capesize and 2 LR2 tankers. Lets call that an extra $80 million. $110MM in ships. Their market cap, as of close, is $880MM. 8x price/assets for merchant ships! WHAT? It's not uncommon for this company's peers to trade at .3x price/assets! ​ That's... a bad investment. Quite possibly the worst investment opportunity I've ever seen. At least most bubbles have some "moonshot" potential; these guys buy boats. Sell. Run. This is the dumbest bubble I've ever seen. ​ TLDR: This is the top, lads.

investing

I recently did a small write up about this company. Nothing as detailed but I’m seeing a few things that conflict with my understanding. Yes shipping is a fragil business, but should be doing well as the world starts to open back up (post COVID). Castor maritime has expanded their fleet to 8 ships (1 still awaiting delivery). Unless these sit parked all year they should show an increase in Q2-4 earnings. The Nasdaq requirement was extended for them to exceed 1 dollar for ten days. They’re well on their way to do this, at which point, market confidence should also help the stock respond nicely.

li4uaz

Castor Maritime ($CTRM) to buy two LR2 tankers for $27MM. Market Cap jumps $250MM.

That title is worse than it sounds. We need to talk about shipping: ​ For anyone who hasn't looked at a maritime shipping/bulker/tanker company: A) Good choice! B) The value of these companies is almost all assets. This is one of the few places you'll still see companies trade at/below book value. Star Bulker Carriers, for example, has $2.9 billion in ships, $1.5 billion in net equity, and a $1.2 Billion market cap. Frontline has $1.5 Billion in equity, $1.3 billion market cap. That doesn't mean you should go out and buy $SBLK or $FRO. The business is an asset heavy, miserably unprofitable commodity service. Everyone in the shipping industry waits around cutting their teeth until a shipping supercycle hits and they can actually profit. They have extreme sensitivity to interest rates, and extreme sensitivity to economic downturns. ​ You aren't getting $1 for $.90 buying these stocks. You're getting the expected future cashflows from $1 of net merchant ship, which the market ascribes an NPV of <$1. ​ I digress. Castor, as of 9/30, has $30 million in ships. Six 75,000 DWT bulkers, to be exact. A tiny fleet. They've now bought a Capesize and 2 LR2 tankers. Lets call that an extra $80 million. $110MM in ships. Their market cap, as of close, is $880MM. 8x price/assets for merchant ships! WHAT? It's not uncommon for this company's peers to trade at .3x price/assets! ​ That's... a bad investment. Quite possibly the worst investment opportunity I've ever seen. At least most bubbles have some "moonshot" potential; these guys buy boats. Sell. Run. This is the dumbest bubble I've ever seen. ​ TLDR: This is the top, lads.

investing

Couldn t agree more (banker with knowledge of the shipping industry) Unless you see some tech that strives to improve tankers efficiency, reduce fuel consimption, go into regenerable energy or anything of the sort, steer away.

ofwnfz

ShibaSwap does not offer staking , they are minting and burning 2 tokens at a 1:1 ratio which results in you getting nothing

Shiba Inu token has launched their own swap similar to uniswap. It now offers staking but not in a traditional sense, instead users deposit Shiba Inu tokens which are then locked, and those users are given newly minted tokens named xShib, which they can later come back and use to redeem their original tokens. The site claims they earn rewards for staking but based on my findings this is not the case at all. I am not here to to spread fud, but the lack of transparency with this is a big red flag for me. There is no Certik audit as they have claimed is underway for over 2 months now, there is no documentation site, no faces on the project, and no links to any of the contracts which people are using. Through some deep digging I was able to find [this live contract for xShib](https://etherscan.io/address/0xb4a81261b16b92af0b9f7c4a83f1e885132d81e4) . Click 'contract' on the page and then the code tab and you will see the functions I am about to highlight: **function 1:** ***Enter*** **- This is the 'Bury Shib' under BURY on ShibaSwap.com , hence the contract name being BuryShib on the link above. It's also worth noting I looked at all 3 for 'Bury Shib' , 'Bury Bone' , and 'Bury Leash' they are all the same code:** `// Enter the doghouse. Pay some SHIBs. Earn some shares.` `// Locks Shib and mints xShib` `function enter(uint256 _amount) public {` `// Gets the amount of Shib locked in the contract` `uint256 totalShib = shib.balanceOf(address(this));` `// Gets the amount of xShib in existence` `uint256 totalShares = totalSupply();` `// If no xShib exists, mint it 1:1 to the amount put in` `if (totalShares == 0 || totalShib == 0) {` `_mint(msg.sender, _amount);` `}` ​ So this part of the function is taking the amount of Shiba inu token you want to deposit as an argument, then it gets the total amount of xShib already in existence as well as Shiba Inu locked in the contract, which at the time of this post is around $380 Million dollars and around 45 trillion tokens. It then does the following: ​ `// Calculate and mint the amount of xShib the Shib is worth. The ratio will change overtime, as xShib is burned/minted and Shib deposited + gained from fees / withdrawn.` `else {` **uint256 what = \_amount.mul(totalShares).div(totalShib);** `//100*1000/1000` `_mint(msg.sender, what);` `}` `// Lock the Shib in the contract` `shib.transferFrom(msg.sender, address(this), _amount);` `}` Take note of the variable 'what' I highlighted bold. Now take a look at [this page of the contract](https://etherscan.io/token/0xb4a81261b16b92af0b9f7c4a83f1e885132d81e4) , specifically the total supply of xShib in the top left , its around 45 trillion, the almost exact same amount locked in the contract. You can verify first link I provided again, and click the drop down in the top left where it shows the value in the contract and check how many ShibaInu are in the xShib contract, its almost identical. (Also RIP to whoever sent .72 LEASH to this address, thats around $1800 to never be seen again) The section in bold is the important part, the function is taking the amount you want to deposit, multiplying that by the total supply of xShib, and then dividing that by the total Shiba Inu in the contract. Since its minting the amount someone deposits you'll only be getting back what you put in. This is obvious once you get to the next function for when you want to withdraw: **Method 2 -** ***Leave*** **- return your xShib tokens and redeem your Shiba tokens.** `// Leave the doghouse. Claim back your SHIBs.` `// Unclocks the staked + gained Shib and burns xShib` `function leave(uint256 _share) public {` `// Gets the amount of xShib in existence` `uint256 totalShares = totalSupply();` `// Calculates the amount of Shib the xShib is worth` **uint256 what = \_share.mul(shib.balanceOf(address(this))).div(totalShares);** `_burn(msg.sender, _share);` `shib.transfer(msg.sender, what);` `}` Again the important part of the code is in bold, this function is passed a parameter which is \_share , share represents how many xShiba tokens you are depositing back into the contract as you call Leave. It then does a calculation of your return in the 'what' variable which can be simplified as followed: ProfitReturn = your xShib shares multiplied by their their wallets ShibaInu balance divided by the total number of xShib tokens in existence. **Analysis**: Currently the [xShiba main net](https://etherscan.io/address/0xb4a81261b16b92af0b9f7c4a83f1e885132d81e4#code) wallet holds $380 million dollars worth of Shiba in less than 24 hours since launch. The total max supply (which is constantly being minted or burned) is currently around 44 trillion xShiba. Shiba Inu Tokens in wallet: 44,xxx,xxx,xxx,xxx (44 trillion) If I deposited $38,000,000 or 10% of the Shiba Inu in the contract, then I would receive 4,xxx,xxx,xxx,xxx (4 trillion) xShiba coins which again is around 10% of the total 44 trillion coins in the wallet. Based on the ‘what’ variable in the ‘Leave’ function above we can assume the following using our simplified explanation: ProfitReturn = 4 trillion xShiba \* 44 trillion Shiba Inu divided by 44 trillion total xShiba = 4 trillion. After the calculation the leave function calls `_burn(msg.sender, _share);`and literally nothing has happened. I've verified this by going through transactions on the contract and finding wallets that have called the 'leave' function , I went through a few accounts and looked at how much they initially 'entered' vs how much they received when they 'left' and nothing happens in terms of value gained. The contract is literally taking what you put in and giving you that much back. If this is incorrect then it comes down to lack of transparency of how this entire swap is working. Again this is an open invite for the devs/founders to come in and provide some clarity. Edit: Seeing a couple comments asking for the code, [here it is](https://etherscan.io/address/0xb4a81261b16b92af0b9f7c4a83f1e885132d81e4#code#F1#L45) There are 55 total lines in the buryShib contract , and 4 other files which are OpenZeppelin libraries (standard for most tokens).

CryptoCurrency

Pretty sure this project was started by some limited knowledge university students and are now holding the reigns of a project that got way too big because Shiba dog funny. That's best case scenario. Worst case scenario is the entire thing was purposely orchestrated as a scam.

5dbayn

Someone is making payments to my credit card.. unsure what to do

About a month ago, I started noticing payments being made to my credit card that I did not make. I called up my CC company and they confirmed that it was a payment by check and for my account. I got nervous and asked them to cancel the account number and send me a new card. Now, a month later and with the new card and account number I am still get payments. I have stopped using the card, and have set aside the money needed to pay it off (in case they finally figure out their mistake). I haven't been using the card, and now the balance is in the negatives, as someone continues to mail in money. Sometimes the money is for rounded numbers, but last week they sent in a payment for exactly as much as was left on the card. Yesterday, another $500 check was deposited. I'm not sure what this is, or what to do. I know its not a benefactor, as nobody I know has money like this, and nobody would know that I have a credit card, let alone what company it was with. At this point I want to cancel the card completely... but has anyone had any experience with this? What should I do?

personalfinance

Cancel the card for sure and run a credit check to look for any activity you might not recognize. The only scenario I can think of is that a family member with access to your information might be opening credit cards in your name and making payments to them in hopes you don't notice. Why they would accidentally pay the wrong account I couldn't guess. If this was a person believing they were paying their own account but the money was accidentally going to your account, they would notice that their balance never goes down and this would have been fixed right away. That is why I suspect you have someone who knows you using your credit. I would also press the CC company further regarding the payments. It is completely unacceptable that they aren't willing to disclose information related to your account. They need to cooperate.

5dbayn

Someone is making payments to my credit card.. unsure what to do

About a month ago, I started noticing payments being made to my credit card that I did not make. I called up my CC company and they confirmed that it was a payment by check and for my account. I got nervous and asked them to cancel the account number and send me a new card. Now, a month later and with the new card and account number I am still get payments. I have stopped using the card, and have set aside the money needed to pay it off (in case they finally figure out their mistake). I haven't been using the card, and now the balance is in the negatives, as someone continues to mail in money. Sometimes the money is for rounded numbers, but last week they sent in a payment for exactly as much as was left on the card. Yesterday, another $500 check was deposited. I'm not sure what this is, or what to do. I know its not a benefactor, as nobody I know has money like this, and nobody would know that I have a credit card, let alone what company it was with. At this point I want to cancel the card completely... but has anyone had any experience with this? What should I do?

personalfinance

Usually (At least for my bank and credit card) when a check is used for payment or deposit then an image is saved of the check and can be viewed on the online banking service. That should give you all sorts of information about who is paying your bills.

zjffgd

I wish MOASS would happen already. We have real work to do.

Ya'll fucked up and pissed of more than half a million people all across the world, all with their own personal networks, corrupted the planet, destroyed the livelihood of billions of our species, AND set **YOU *and* US** on the path of extinction. We both know you can't win. The U.S. won't let you ruin its' credibility, you really don't wanna fuck with aware Europeans (you know what the French are like) and I bet China won't look at you kindly if you run them and Asia into the ground. Let love happen. Step aside, and step aside from the lime light. There are hundreds of thousands of skilled people ready to take us from 🤢 ***this*** 🤢 and put resources to use to preventing mass extinction, ***from which you are not exempt***. If you work at any of these financial institutions in the U.S., or Europe, or UK, that have participated in the egregious naked short-selling (theft) of securities, even one GME share can spare your family and you from what's coming. Not financial advice. Buy, hodl, DRS.

Superstonk

Heard! I REALLY have no interest in waiting YEARS for this. There's a reason I never invested before this. I'm balls deep at this point so I'm stuck for as long as it takes, but for real, FUCK this shit lol I want out of the rat race and on to better things.

5hyab9

Someone stole my Uber and threw up in it. I am now facing a $150 fee.

Last weekend I noticed a charge to my account from Uber for a $150 fee. I filed a complaint saying that I never took that Uber and canceled the trip because she took to long to show up. I now got emailed pictures of puke in her car and I am getting fined. What should I do? How do I prove that this wasn't me and get out of this fine. update: Haven't heard back from Uber. I just filed a dispute with my card operator. They said it will be tough, but she understands what happened. Update: They tracked my phone and saw that whoever took the ride changed the address mid-route. I was refunded fully and credited $10. Very thankful for this and Uber's support team. Thank you for all your advice!

personalfinance

>I filed a complaint saying that I never took that Uber and canceled the trip because she took to long to show up. IF the trip was canceled , why did the driver drive them anywhere ? How did the driver get paid for that ride ?

e8nkzo

I posted a while back about being terrified because I was a little more than two months away from being out of poverty. It’s been a little over two months.

[original post ](https://www.reddit.com/r/povertyfinance/comments/cz09da/in_a_little_over_two_months_i_wont_be_in_poverty/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) I graduated my LVN program and took the state boards already. I decided not to stay at my current job due to unsafe practices, but got another job making 24 an hour the day after getting my license. I start tomorrow. I got a lot of support and good advice. Thank you so much for that. Some people suggested that I don’t move so I don’t increase my living expenses. That’s pretty much the only advice I have to say I’m going to respectfully ignore. The neighborhood I currently live in is truly dangerous. My dad was nearly hit by a stray bullet once when he was outside at the wrong time and someone was shot twenty feet from him. The extra couple hundred dollars a month for my daughter’s safety is by far more worth it to me than the extra few hundred dollars I could save by living here. My plan is while I’m still here, saving half of my paychecks until I have enough for move-in costs somewhere safer. Per my calculations, this should only take a month or two. Again, this is extremely important to me and was one of my biggest motivators for everything. After that is settled, I’ll save everything I can. I drive a 20-year-old car but that thing runs great so I plan to continue using it until I can’t anymore. I’m still terrified, but I’m also so excited to know that months and months of 16 hour days and months without a day off all ended up being worth it. I cried on my last day of clinicals, and again during my graduation, and again when I passed my boards. I took a job on the evening shift so I can continue my education next semester and work towards my RN degree. Thank you guys so much for everything. If you have any questions about entering the nursing field, please feel free to ask. The schooling isn’t easy, and the work isn’t for everyone. Burn out is high if you’re not passionate about it. But if you are.... all I’m saying is I doubled my income with a year of school.

povertyfinance

For anyone interested in the medical field, there are loads of opportunities if you’re willing to put in the tough work. Just a quick example, I started working at my local hospital 5 years ago as a barista in the cafe @ $10/hr. Got to know some folks in the hospital, got my EMT license and got my foot in the clinical door. I just finished paramedic school a few months ago - I was working and going to school 7 days/week for 12 months, it was truly horrendous. But now I’m gonna be going to the ER (my dream!!) in two months and I’ll be making nearly double what I started at 5 years ago. Once I finish nursing in 18 months I’ll be up to $30/hr as a new grad nurse. It’s not an easy road, for sure, but the medical field offers a lot of in-roads for people coming from working-class/poverty level families. I should know, I’m one of them

luqgdq

Explain periodically “Taking Profits”

In many investment realms (mainly stock market, cryptocurrencies) I hear the adage remember to “take some profits”. On the surface this is simple– you can’t time markets, profit is profit, dont get greedy, bird in the hand, etc. I get that but at a deeper level I have trouble doing it. If I have my money in an investment that is growing or I believe will grow, why would I exchange that opportunity for fiat, unless I needed the fiat to buy something? With most assets, converting an investment to fiat also carries with it taxation. This part seems strange to me because if its a good investment there is a high chance I continue investing in that thing so I am basically selling it to take some profits, and then buying back in over time at possibly higher prices and paying more taxes when I sell it again to take more profits. Anyway, interested to hear some opinions from this community on taking profits and some strategies in doing so. Context: in my 30s. Intermediate financial skills and always looking to improve. Thanks!

personalfinance

One profit taking strategy is simple rebalancing. Say your target portfolio is 75% stocks 25% bonds. If you had huge stock profits in 2020, your portfolio might now be 90% and 10% bonds as stocks have gone up. Now you take some profits by selling stock and move it into bonds until your portfolio is back to 75/25. This strategy ensures that you are selling high and buying low while keeping your portfolio at the desired diversification.

1t15hy

This is much worse than Dec 5. Conformation and summary of the China rumor today.

source: http://tech.sina.com.cn/it/2013-12-17/01139011174.shtml#483253-tsina-1-18627-1cf60a7c37a7bc296a2ba7aba0120190 **1**. This article is posted on sina. Sina is the top 5 online medai brand in China, equivalent to Yahoo here. **2**. The rumor posted on Chinese version of twitter(weibo) is **true**. **3**. People's Bank of China banned all the third party payment company doing business related to bitcoin, **including bitcoin exchange platforms**. For those who is currently doing, they are required to **completely cut off bitcoin related business by the Chinese new year, which is at the end of Jan 2014**. For the business held by entity outside of China, they haven't decide what to do, but very likely to be negative. **3**. Btcchina is operated in the Shanghai's new pilot free trading zone. It is at a awkward spot. They has terminate the partnership with Tenpay(probably second largest third party payment company under Alipay). They are now using Yeepay, which is **probably a random small company** I have never heard of. **4**. You can now only withdraw your fiat fund from btcchina through online banking. You can still deposit via Yeepay and online banking, **for now**. **5**. After Dec 5, small merchants or online shop owner could still accept bitcoin as payment and comfortably convert them to rmb through exchange like btcchina. **In the future** , this is going to be much harder and **completely illegal after the Chinese new year**. Basically, bitcoin is dead in China for the most part. People can only use it as speculative investment and store of value, but it is going to very hard for them to realize their potential profit legally in the future. **6**. In the future, **if** bitcoin **still** managed to success internationally **without China market**, people in China would still be able to own it and sell it in a similar way how people deposit and withdraw money from Pokerstars. But it probably wouldn't be a hot topic as it was months ago. **7**. People ask if btcchina will be shut down. I don't know. Btcchina is the only exchange located in the Shanghai's free pilot trading zone, it could possibly survive. But the best case scenario is that btcchina is going to the only one left. **Since people couldn't read, I just made make some words bold.**

Bitcoin

So, China will be out. That means: cheap coin for a while. The idea has spread, innovation is coming soon, $1200 is carved in everyone's mind. Say hi to South America, the middle East and Africa. Bye China tnx for generating attention!

qgjx7u

Things to know about MOONs

This post is a quick summary of everything we need to know about them MOONs. I will try to make it simple and straightforward for us all. 1. It is a community point for the people in this sub. You get it through upvotes. 2. To receive them you will have to activate your vault through the ***mobile*** app of Reddit. 3. It is distributed every 28 days. 4. There is a snapshot 7 days before the distribution which calculates how many MOONs we all getting. 5. Keeping your MOONs in the vault grants you a 20% bonus in the next distribution. 6. Voting in the monthly polls gives you an additional bonus. For the first poll, you gain a 5% bonus any after that is 1.25%. 7. MOONs are still on testnet but rumor has it we will see a mainnet soon! 8. MOONs are glorious, MOONs are life. If there is anything I missed do let me know and I will add them to the list. Snapshot is soon so I wish you all the best of luck and enjoy being MOONed!

CryptoCurrency

#Reasons Moons are a Shitcoin 1. Fully centralized 2. Controlled by Reddit Corporate (which we don't like?) 3. Have no real-world use 4. Shilled by an echo-chamber 5. Are clung to irrationally by users.

8cflvk

I had an insight yesterday about why poor people get in trouble with credit cards.

I've been poor since the Recession devoured my home and all my savings, so I've been poor a long time. What I have learned from this chronic state of poverty, besides the fact that no matter how you try to change your circumstances, large parts of our society will always blame the poor for being poor, is that living in poverty is painful - extremely, chronically emotionally painful. It's a low-grade, constant ache of sadness. So yesterday, while trying to wash two quick loads of laundry while I was delivering food in an unfamiliar area, I needed to find a laundromat. I used Google Maps and the reviews to find one. First one got a 4-star review. No where did they mention it's the card-type laundry. I won't go to card-type Laundromats because I resent having to BUY the stupid card, and have no idea if I will like that laundry enough to return to it some day, so why should I invest in a card? The place was pretty expensive per load, something else not mentioned in reviews, and had no A/C. It was hot yesterday. In disgust, I head to another laundromat which also had a 4-star review. This one takes quarters, but it's tiny and not at all clean like the reviews said. I didn't care. Had to get these two loads done so I could get back to work. Suddenly, in my pain and anger over deceptive Google reviews, no fans or A/C at either laundry, not enough seating at the 2nd one, and generally sick of Laundromats of all kinds for the past 8 years, I think to myself, "I should just use my credit card to buy a portable washing machine I can hook up to my kitchen sink, and then I will never have to go to a laundromat (for anything but bedspreads) again!" Example: https://tinyurl.com/ydhywh9a That's when I realized this is how so many poor people get into trouble with credit. *They are in so much pain, pain over old cars breaking down, pain over no calls for interviews for the hundreds of job applications they've submitted, heck, just pain in their FEET from standing at retail jobs all day, that they will use credit to try to ease their pain.* I just wanted to share that insight with the world.

povertyfinance

People in poverty also tend to have small social circles, usually with other people in poverty. Compared to middle class, who's social circals are much larger. Its who you know not what you know that makes or breaks life. Edit: a lot of other shit comes into play but I'm to hung over to get into it.

vgbe7i

What would it take to ease inflation without further increasing interest rates?

It gets mentioned a fair bit that rate rises can only do so much to combat inflation. That grain, oil and microchips are driving price increases regardless of the interest rates to an extent. **Hypothetically speaking, what would need to happen for these outside factors on inflation to ease off?** For grain and gas I'm assuming the war in Ukraine ending or at least an agreed ceasefire resulting in gas and grain exports resuming. For oil, it'd need some sort of deal with OPEC to ramp up production? Maybe Saudi Arabia cutting a deal whereas they increase production with US/EU dropping hopes of reviving the Iran nuclear deal. What other events would need to happen? Global shipping, or China and etc.

AusFinance

Time. If everything else stays the same, and the price of oil and grain don't increase further, then after a year the CPI reverts to a normal level. The challenge is stopping other input costs like wages going up during that year.

vgbe7i

What would it take to ease inflation without further increasing interest rates?

It gets mentioned a fair bit that rate rises can only do so much to combat inflation. That grain, oil and microchips are driving price increases regardless of the interest rates to an extent. **Hypothetically speaking, what would need to happen for these outside factors on inflation to ease off?** For grain and gas I'm assuming the war in Ukraine ending or at least an agreed ceasefire resulting in gas and grain exports resuming. For oil, it'd need some sort of deal with OPEC to ramp up production? Maybe Saudi Arabia cutting a deal whereas they increase production with US/EU dropping hopes of reviving the Iran nuclear deal. What other events would need to happen? Global shipping, or China and etc.

AusFinance

To slow inflation you need more goods/services or less money. Less money comes through interest rate hikes, taxation and reduced government spending. More goods/services is hard to influence in a global free market. You basically need Russia to give up on Ukraine and China to give up on COVID-zero.

nlsm0c

What private health insurance that you recommend?

Hi all, I am new to private health insurance and looking to buy one. My salary is around $65k. What would you recommend? I have thyroid issue so would like to look for the package that will cover the cost of operation. Thank you in advance.

AusFinance

at that salary, last i checked, it really isn't worth it. unless your career trajectory will dramatically increase it won't be worth it. also, cover for a pre existing condition that will cover an operation is probably going to be prohibitively costly. unless you do waiting periods etc, and in that case, you should already be on a public waiting list for the surgery anyway.

8lylfm

Claiming I was late on rental payment (Dingle Partners)

These people are INSANE. My property management called me claiming I have rental arrears 1.5 weeks because when they tried to automatically draw payment from my account they were denied by the bank, stating a dishonour. Fair enough. Fact is, they have been progressively drawing money from my account 3-4 days BEFORE the payment is due. My contract states that money needs to be in my account 3 days before the 18th for a 3-business day transaction, yet they are withdrawing from my account on the 14th and 15th day of the month. I had put more than enough rental money in my account on the 14th so I called them up and explained their claim doesn't make sense. They told me they tried to withdraw money on the 18th, and i need to bring proof to their office from a bank statement that I had money in my account. So, I go to the bank and print of the latest bank statement with my last transaction on the 14th of May which indicated I had more than enough money on my account. I bring it to their office and their secretary says "this shows absolutely nothing! because the last date on your statement was the 14th and not the 18th." How the FRICK am I supposed to have a transaction date on the 18th when I had made NO transactions past the 14th ???? Told me they were going to black mark my rental history with arreared rent and will have to pay a late fee? wtf???

AusFinance

So was there a dishonour? Call your bank and ask. Next up, it sounds like the agent is initiating the debit manually, which is why the date is shifting. I'd get it in writing the exact date payment is meant to come out. Also, you filled out a direct debit form with a date on it. Your agent is obligated to use that date. Next up, if they still are causing shit, block the direct debit and go in to request a new one. Set it up and make it explicitly clear there is only a single date the payment can come out. Finally, agents are required to give you a method of payment that incurs no cost. Ask for it and see what it is. Past that, you do not pay late fees and I'd go to vcat over it. Serve them a breach notice and they'll soon pull their head in. Only communicate in writing.

b2rvqx

How much of my Roth IRA can I use for first time home purchase?

Hey Reddit, My Fiancee and I are planning to purchase a home in 2022 and have some questions. I have a Roth IRA account that was opened in June 2017. I will have 10k in it soon, and am planning to use it for a first time home purchase 2022. In June 2017 I contributed 3k and have been slowly contributing to it since. Will I be able to withdraw 10k from it even if the full 10k hasn't been in it for 5 years or would I be limited to only withdrawing the amount I contributed 5 years ago? Thank You! Edit: Just looking for an answer. A link to the IRS code would be very helpful. Thank You

personalfinance

You can always withdraw Roth contributions at any time tax-free and penalty-free; there is no limitation on age of account or purpose of withdrawal. Then you can withdraw up to $10K of earnings penalty-free for a so-called first time home purchase, once in a lifetime. (It doesn't necessarily have to be your first, first-time home purchase, paradoxically enough. ) If you have had the account at least five years, then the earnings distribution is also tax-free, even if not all of the money is five years old. https://www.investopedia.com/articles/personal-finance/110415/can-you-use-your-ira-buy-house.asp This is not saying you should do this. It's better to have a Roth retirement account, and then a separate down payment account where big losses are less likely. But there can be situations where using a Roth for down payment savings is not a bad idea if savings cash flow is more limited and retirement income is secured in other ways, e.g. a pension.

k5dsq5

How to handle a low-8 figure windfall?

Throwaway account here. I’m a 55 year old stay at home mom (hubby is 42) with kids 9, 6, 3 in a moderately high cost of living city. For the last ten years we’ve been living mostly off of income from assets my grandparents left to me (the amount has gradually risen over the previous two decades from about 20K/year to around 300K/year for the last five or so). I retired about the time we started having kids, so the large increase in income was helpful. My husband works in a field he loves and brings in about 40K/yr and health insurance. I could potentially go back to work in my old field, but would generate at most 50K. We have about 1M in real estate equity including our residence, and about 300K in savings. Circumstances outside my control will cause the assets to be liquidated soon, bringing me between 20-30M before (long term capital gains) taxes, and I live in a state with no income taxes. Obviously I need to educate myself, so I’m doing a lot of reading, but all this is new to me, and I’m feeling a bit overwhelmed (my husband is in the same boat). I know we aren’t great savers, but we have enjoyed some nice trips and like where we live. I guess I’m looking for some advice to help me get to the point so many of the posters here are at, with investments under control, and a solid investment strategy.

fatFIRE

If you don't know what to do with it i suggest to just call up vanguard, you can get an advisor with 25M+ for .05% fee which is an incredibly cheap fee. They will gladly help you out with any questions you have.

8jlx7s

Inheriting Money

My spouse and I are currently on track to hit our goal of about $5M liquid assets (in 2018 dollars) in about 15 years, and will then retire to part-time or non-profit gigs and a hobby farm to keep us busy. Yay. Plan to stay in our LCOL area that we enjoy good reputations in, plus $150k annual here is like having $400k in NYC/SF according to the Bankrate COL calculator. No kids now, maybe 1 in the future. Question isn't about the income/current situation though. I come from a low income family (which is why I have sold spouse on the security of being FI), spouse comes from a multi-generational wealthy family on one parent's side, but my spouse's other parent was not wealthy before marriage and having a great career, so they don't live that lavishly. Fortunately, they passed that on to my spouse, who is not a high earner anyway. A large inheritance that could double or maybe triple our net worth is coming likely within the next 10-15 years. I personally don't count on this money, because who knows what will happen and I personally have no right to it anyway, but my spouse does wonder how we should plan for it. With no experience in this realm myself, I have no idea where to start. The sum of what my parents will leave me is likely a few dogs and their hospital bills. How have others dealt with inheritance within the scope of FIRE/FatFIRE? Did you go for fatter-fire, or donate big amounts? Is it best to understand what is coming now and allow it potentially corrupt our current plans that do not include that money, or be pleasantly surprised? Given our potential to not have an heir ourselves, what do others without children plan to do that increases your joy without removing FI security (i.e. I don't want to draw down more than 4% of liquid NW)? *EDIT* - much of the existing wealth is in trusts, and will transfer to my spouse once the current beneficiaries have passed. *regular reader, throwaway account

fatFIRE

Shouldn’t affect much. With the risk of sounding very negative, I would just like to highlight the fact that you may no longer be married in 10-15 years time. So the calculation would be: Probability of still married with current wife times probability of your wife spending it with you if you’re still married times probability of receiving inheritance at all times probability of receiving it within 10-15 years — and all this discounted to today as well as taking into account that the money may be spent or lost in some other way between now and then.

qcxnxl

Did you get a "better" primary home in a "better" neighborhood after making your money?

I am particularly interested for those who already had roots established / kids in a school system. Let's say you had a 3 bed 2 bath in a nice but not wealthy area, did you stay there even if you could afford to buy 20 homes in the area after a windfall or wealth accumulation? Or did you move to the huge house in the rich part of town in a different School system?

fatFIRE

We inherited my husband’s grandmother’s house with no plans to ever move. It is 3 bedrooms, 3.5 bathrooms. We chose not to sell or rent it out for multiple reasons outside of financial: it was built by the grandparents—you can’t put a price tag on that, it’s on a cul de sac with other relatives, good public and private school options within a 10 minute driving distance, diverse neighborhood, quiet, and walking distance to a park and church that holds a farmer’s market. We did buy a beach house and a farm house so we can escape suburbia every now and then though. I have no desire to live in the wealthy areas unless I’m getting my own private beach front property. Even then, I wouldn’t want that while my kids are still young. I want them to have an understanding that country club memberships aren’t the norm for everyone.

4354a6

PSA: Retirement funds are not locked up until age 59½ (x-post from /r/personalfinance)

[(Here's the /r/personalfinance thread.)](https://www.reddit.com/r/personalfinance/comments/434ey1/psa_retirement_funds_are_not_locked_up_until_age/) I often see people who are interested in early retirement putting most of their retirement savings into taxable accounts because they believe IRAs, 401(k) plans, and other tax-advantaged accounts "lock up" their money until they are 59½. If you are interested in retiring before 59½, this is one of the worst mistakes you can make. It's a mistake because the premise isn't true at all. There are many ways you can get access to retirement funds before age 59½ and all without that horrible 10% penalty for early withdrawals. (Note that taxable accounts make total sense for some early retirement situations and in many non-retirement situations and this are discussed some more down below.) # Some of the ways you can get money out of tax-advantaged accounts to fuel early retirement 1. **SEPP**: Section 72(t) specifies how you can take distributions received in substantially equal periodic payments (SEPP) without penalties. There are several different methods to calculate how much you can withdraw and stay within the rules (which allow you to decide when you start SEPP if you want less money or more money), but this method is a bit inflexible because you can't modify things until 5 years have passed or you reach the age of 59½ (whichever is longer). Nevertheless, this is often a good choice for early retirees. [Money Crashers has a good article with more information on the topic](http://www.moneycrashers.com/substantially-equal-periodic-payments-sepp-72t-rule/) and there's a [FAQ at the IRS](https://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-Substantially-Equal-Periodic-Payments) too. SEPP tends to recommended more often for a small number of years prior to age 59½ and it's also a good option when you don't have sufficient Roth IRA or taxable investments to use #2 or #3. It is possible to work around the inflexibility to some extent if you have multiple accounts since SEPP is done (or not done) with each retirement account separately. Finally, SEPP from a employer plan requires that you separate from *that* company first, but IRAs do not have that requirement. 2. **Roth IRA contributions**: If you have a Roth IRA, you can withdraw the portion of your Roth IRA that comes from your contributions without penalty. (Note that you cannot withdraw any earnings penalty-free until 59½, only your own contributions.) 3. **Set up a Roth IRA ladder**. You set up a series of Traditional IRA to Roth IRA conversions early in your retirement (when you are presumably in a lower tax bracket). After seasoning the money for 5 years, you can withdraw the converted principal from from your Roth IRA without penalty (any earnings from that period of time need to hang out until 59½). [Root of Good](http://rootofgood.com/roth-ira-conversion-ladder-early-retirement/) has a good article on this. This is now one of the most popular methods for early retirement. It does require that you have a different method to fund the first 5 years of retirement. A taxable account, Roth accounts, or a 457 would all be good ways to do that. 4. **Retire after age 55 with a 401(k)**. You can withdraw from a 401(k) if you left that job after age 55 (technically, you just need to be 55 or older in the calendar year in which you leave that job). If most of your money is in IRAs, you can simply move that money into your 401(k) before you leave that job (some 401(k) plans don't allow roll-ins so check first). Note that withdrawal frequency and some other aspects of this are specific to the 401(k) plan. If you have self-employment income, you can also use an Individual 401(k) for this, but also make sure that your provider allows roll-ins. 5. **Be lucky enough to have a 457 plan** with your employer. After leaving a job, there is simply no 10% penalty for early withdrawals. 457 plans are only available for some government and certain non-governmental employers (generally just some non-profits), but they are a great option if you have access. 6. **An HSA can be used like an IRA** if you keep your receipts (requires actually having medical expenses prior to age 65, of course). Using an HSA like this is discussed more at [Free Money Finance](http://www.freemoneyfinance.com/2008/08/using-your-heal.html) and [Mad Fientist](http://www.madfientist.com/ultimate-retirement-account/). # Other exceptions The IRS lets you withdraw penalty-free from an IRA for a few reasons unrelated to retirement: 1. $10,000 can be withdrawn for the purchase of a new home. 2. You can spend money on qualified education expenses for yourself, your spouse, children, or grandchildren. 3. Hardship withdrawals: qualifying for these is difficult, but it is possible to withdraw penalty-free for excessive medical costs, medical insurance premiums while unemployed, total and permanent disability, and, well, if you die, your beneficiaries can withdraw without penalty. # Additional advantages of tax-advantaged accounts 1. IRAs, 401(k) accounts, and other qualified accounts are much more protected from creditors in the case of bankruptcies and lawsuits. The protections tend to be strongest for employer 401(k) plans, followed by individual 401(k) plans, and then IRAs. (Protections for individual accounts varies depending on your state.) All are much more protected than taxable accounts. 2. Rebalancing is a bitch. Want to exchange some of one mutual fund and buy another in a tax-advantaged account? Easy. No capital gains taxes. Do this in a taxable account and you need to worry about capital gains taxes, holding periods, etc. # What are some situations in which taxable investing makes sense? There are actually times when taxable investing makes more sense than using tax-advantaged retirement accounts. Not everyone wants to retire early and there is more to life than retirement too. You *should* be using a taxable account for these situations: 1. If you've maxed out your tax-advantaged options, taxable is your only option. 2. If you are saving for major expenses that you'll incur before retirement (examples: buying a car or a home), taxable accounts are the way to go! Use savings or CDs if you're only 1-3 years away from a purchase and a conservative mix of stock and bond funds for longer periods of time. 3. If you have no plans to retire early and are on schedule or are ahead of schedule for retirement savings, you can go either way (taxable or tax-advantaged). It's up to you. Note: Your emergency fund and short-term savings should generally be kept in checking, savings, or CDs. edit: Clarified the SEPP rules and the 457 rules.

financialindependence

As also described with helpful links in our wonderful [FAQ!](https://www.reddit.com/r/financialindependence/wiki/faq#wiki_but_i_want_to_retire_early.2C_should_i_really_use_tax_advantaged_accounts.3F_because_i.27m_locked_in_aren.27t_i.3F) edit: Adding lazy links! * [MMM: How much is too much in your 401K?](http://www.mrmoneymustache.com/2011/11/11/how-much-is-too-much-in-your-401k/) * [jlcollinsnh: Early Retirement Withdrawal Strategies and Roth Conversion Ladders](http://jlcollinsnh.com/2013/12/05/stocks-part-xx-early-retirement-withdrawal-strategies-and-roth-conversion-ladders-from-a-mad-fientist/) * [madFIentist: Retire Even Earlier Without Earning More or Spending Less](http://www.madfientist.com/retire-even-earlier/)

xjemwl

SEC is now after the 2nd largest crypto currency! Can we do something to stop that?

Most of you may already have heard about it - SEC is now questioning Ethereum and whether it's a security or now. Another news (I haven't dug deeper) stated that US thinks Ethereum transactions fall under US jurisdiction because majority of the nodes are in US. We all know what happened with Ripple. Cross-border transaction settlement/ payment use cases have been hammered by the Ripple law-suite and it seems Ethereum is the next! Very shocking and sad state of affairs. SEC going after Ethereum may likely mean stopping or killing more innovation, more delistings, no more new investments and basically hammering the entire ecosystem. The past 7 years worth of hard work and all the momentum goes down in the legal proceedings. How can we help discourage/ stop this from happening? Any ideas?

CryptoCurrency

The SEC has known the merge was coming for years now. POS coins have been around without these comments as well, why all the sudden this hostile tone? I’m convinced it’s due to recent discussions in Congress about asserting BTC and ETH as commodities and passing their regulation to the CFTC. They know BTC is a lost cause for them, but now they start clawing at ETH trying to retain regulatory control. If POS ETH is now deemed a commodity, the SEC now can’t solely use the POS argument on other projects going forward. But a government agency would never hurt projects or fuck over investors just to retain power right?

523qz2

My dad's main money advice to me growing up, and still today as a 23M about to graduate, is: If you can't pay in cash, you can't afford it.

Also: Credit cards are something you won't need until you're 35. The reason why I'm here asking this is because this is exactly the opposite of what he does. He just built a new kitchen, pool, garage, deck, and bought mom a new Jag, but he sure as SHIT doesn't have all of that cash. My parents just refinanced the house last week. So overall questions are: is he telling me this because he made mistakes over the years that he doesn't want me to make? Is he giving me good advice?

personalfinance

Ok, so both ways of thinking are wrong. 1) It's a good idea to have and use a CC **responsibly** as soon as you can so you can build long and good credit history. This will in turn get you favorable rates for mortgage loans, car loans, and makes it easier to pass background checks for employment or renting. If you wait until your 30s, your credit history will be thin and low. 2) The problem to be careful about is a lot of people go crazy with the CC and spend way more money than they can actually pay back. So they just pay the minimum, and then the CC debt balloons over time into unsustainable proportions. So you should get a CC and start small. Charge Netflix or Spotify to it and set up autopay so there is some activitity. Always pay the CC bill in full. As long as you do that, then there is no problem.

euq80v

I thought this sub was retarded...

Until I went through the comments on a Yahoo finance article. Clearly we are the intellectuals. If you want to feel good go there and look at the middle class wagecucks argue about things they dont have the balls to invest in. At least we Autists have massive balls and make big boy plays. Imagine being a pussy and investing in indexes, 22% per year, fuck that. 10% per hour baby!! Keep on the grind boys we are the future of Wallstreet!!!!!!!!! Edit: 69 upvotes 👌 mmmmm Edit 2: Now that I have your attention buy Inovio Pharmaceuticals to make money during the virus paranoia.

wallstreetbets

Years ago I used to actually check out Yahoo but I can't bring myself to now because the the comments section has apparently been taken over by boomers. I'd imagine there's a ton of overlap between Yahoo and FoxNews commenters

bhy9jk

The people here are way smarter than the people on /r/investing. Not a joke

Yeah, we’re all still dumb as hell but I read a bunch of the front page of /r/investing and everyone is an outright moron. The best post was the guy cheering himself on for making $2.30 on Ford. Yes, two dollars and thirty cents. Anyway, fuck you.

wallstreetbets

Idk, $2.30 is still a lot better than all of the -$ Infinity losses i see in this sub but then the recent flood of DIS winners does convince me that 5% of this sub is smarter than /r/investing. (Edit) NVM i just saw a recent thread of someone buying puts after he won back half his money on DIS. This sub is maximum autism after all.

1zwfbm

An Open Letter to Two-Bit Idiot

Recently you have switched from bitcoin evangelist to bitcoin antagonist. This seemingly coincides with the moment you sold out of your bitcoins and "lost faith." First this makes no sense to me, as a true believer would have the understanding that the only real threat to bitcoin would have to be a flaw in the protocol, not the actions of a few bad actors early in the game. Now you are spreading FUD, and contacting news organizations. You even admit that some of these organizations have taken your already negative comments further out of context to write smear pieces against bitcoin. I understand you believe there is corruption on the board of the Bitcoin Foundation. While a lot of us may agree that it's time for a shake up, I think I speak for many when I say that we do not want to see you continue to damage bitcoin's reputation to further your own agenda and ego. Please stop hyping your news before you release it to create panic, and please stop providing nuggets to news organizations that will only create more negativity around bitcoin, without having the intended affect of removing these board members. EDIT: I feel the need to clarify something regarding my use of the phrase "true believer". The term is not exclusive to bitcoin and is commonly used in the investment world to describe a particular investment strategy. The strategy for true believers is to buy in the short term without much consideration over price, and to increase their exposure as they are capable, with only the long goal in mind. True believers are never tempted to sell in the short term to procure a gain or avoid a loss, because this would force them out of their long position. I am not proclaiming that two bit idiot or anybody else should be a true believer, or that bitcoin's success relies upon the faith of true believers. The point I am making is that two bit idiot has previously used the "true believer" position to act as an evangelist for bitcoin. In doing so he has gained notoriety and publicity, and made some contacts in the bitcoin space. He also realized he could get attention. Then at some point there was a switch in his mentality. I believe that he is now simply trying to get as much attention as possible for his own self-interest. I am also not against two bit idiot releasing credible information, whether it has a positive or negative slant. I believe that it is important to maintain the highest level of transparency as possible throughout the bitcoin space. I am against hyping the release of this information for his own self-benefit. Examples of this are threats to take information to various news outlets, calling for his own on camera interviews, and claiming that he has huge news to release in the future. Why not just post the information NOW without all the hyping and threats?

Bitcoin

Looks to me that he has actual facts and concerns. Real people lost money on mtgox. He is saying the warning signs were clear to The Foundation and also they we're given inside access to withdraw their coins before others. If this is the case, I fully support him exposing this "insider trading", here it is copy pasted from his blog: 1) The Foundation never once warned Bitcoin investors about keeping deposits in Mt. Gox, despite clear red flags dating back to at least April 2013. Nor did the Foundation craft or advocate for best practices such as technical transparency, deposit audits, or appropriate consumer protection disclosures. This was a colossal failure of leadership. 2) There is evidence that Bitcoin Foundation board members may have had direct access to Mark Karpeles which allowed them to personally deposit and withdraw funds from Mt. Gox, despite persistent delays for other customers. 3) There is a troubling and inappropriate overlap between Peter Vessenes’ staff at his private company, CoinLab, and the Bitcoin Foundation’s staff, which goes far beyond shared office space. 4) The current leadership has shown a stunning disregard for proper communications with its members. The importance of immediate resignations (rather than gradual) is highlighted by the Board’s secret plans to move the Foundation’s headquarters to London without input from members and sponsors. 5) Peter Vessenes has had a nine month conflict of interest regarding Mt. Gox given that his company CoinLab was involved in an active multi-million dollar lawsuit against Mark Karpeles and Mt. Gox, following a failed partnership. Both men remained on the board of directors, and the Foundation failed to draft adequate by-laws that would allow them to address situations such as this where directors had material conflicts, which would compromise their ability to act in the best interests of its members.

22fgrh

How many of you are not in this for the trading nor the mining nor do you care for all that libertarian philosophy crap, just want to spend and receive some damn internet money?

I feel pretty lonely sometimes within the Bitcoin community. Allow me to rant for a moment. I see all this obsession with the price and exchanges and ohnoes, I stored my money in someone else's server and now it's gone, and I wonder, well, why was your money in someone else's server to begin with? And why are you just speculating with it? And then you start dreaming about how you're gonna make a profit by mining it and you talk about "market cap" and then you go on about Ayn Rand and how the banks are screwing you over and to all of this I say who^*gives*^**a**^***FUCK***. Look, if you guys in the US are upset about the IRS not treating bitcoin like a currency, why are you so surprised when you yourselves are not treating it like a currency? Whoever heard of something as idiotic as the "market cap" of the Euro? Whoever stores all of their dollars in some random internet idiot's server? Who thinks that they're gonna bring down the international central banking system with dogecoins? I'm just here for the bitcoins because I got *paid* in bitcoins for my *labour*, and I *spent* those bitcoins on goods and services I wanted. I kept the bitcoins in *my* possession, not on someone else's server, because I don't need to make fast transactions into fiat. I use bitcoins as currency. I'm not a speculator, a miner, a fiscal revolutionary or anything of the sort. I'm just here because I like the idea of being able to zap money instantly to anyone worldwide. Just this. So, who else is with me? Or am I the only one around here actually using bitcoins as international internet currency? P. S. I get that we need miners and speculators to get the system going, so those of you brave souls doing that, thanks for getting the wheels turning. But we can't *all* be speculators and miners. I just want to find the ones who aren't.

Bitcoin

>and how the banks are screwing you over and to all of this I say whogivesaFUCK. Um... I do? Why would I not give a fuck about that? You're just uncomfortable with the idea that our society could have fundamental flaws and there are various ideological groups that point these flaws out. Well, I don't give a fuck about your apathy and lack of insight.

7e057a

Theory: Net Neutrality Repeal will result in a .com Crash 2.0

I believe that with the net neutrality repeal right around the corner, we will see some temporary growth in the telecom companies followed by a full on economic crash as many startups can no longer find funding as they have access to their product restricted. This will result in economic crises for the booming millennial techie crowd, and therefore, the U.S. economy.

wallstreetbets

Nah, I would expect the big name sites to buy up a shit ton of dark fiber and then full on compete against the telecom companies. The tech companies are fully committed to getting as many people online for as cheaply as possible because they need the users to view the ads. Telecom companies are going to be able to stop this. Maybe Netflix will get killed, but google and Facebook and amazon probably are big enough to fight it. It may end up killing the teleco companies in the process though.

x87meo

Google CEO says he hopes to make company 20% more efficient, hints at potential cuts

https://www.cnbc.com/2022/09/07/google-ceo-says-he-hopes-to-make-company-20percent-more-efficient-hints-at-potential-cuts.html >Google and Alphabet CEO Sundar Pichai gave more details about how he is thinking of making Google run “on fewer resources” as it faces a slew of challenges to its businesses.

stocks

If there's one good thing about this recession or whatever we're calling it it's that I see a huge reduction in headcount coming for all the diversity and inclusion jobs that have been created during the last growth cycle. We literally have people at my place who seem to be employed just to moan when an engineer creates a Github repo with a \`master\` branch. It's insane how much time we waste on this nonsense.

t5c0ro

Which Stocks do you think will NEVER see their All-Time Highs ever again?

**So the intention of this post is to talk about which companies will never reach their All-Time High stock prices** ​ For me personally, I think that Peloton is a good shout. Peloton's all-time high stock price was $172, which gave the company a Market Cap of over $60 Billion at their peak. I believe that this was an absolutely insane valuation for a company that makes overpriced Exercise Bikes & Treadmills. To buy one of their standard Exercise Bikes, you will need around USD $1700 which is a lot of money considering that $1700 can get you a solid Gym Membership for around 6 Years, and in a gym you have access to much more equipment than just an Exercise Bike or a Treadmill. Peloton's sales Skyrocketed during the COVID Pandemic as obviously you couldn't go to the Gym so people ordered Peloton equipment in order to still be able to keep fit whilst staying at home. This was probably the catalyst that helped Peloton to reach their ATH stock price back in Jan 2021. However since then, lockdown measures around the world have eased and people have started to return to the Gyms, which has naturally meant that demand for Peloton equipment has sharply declined. The decreased demand has caused Peloton's earnings reports to become gradually worse and the market has not reacted well to the sharp decline in demand for Peloton products as their stock price has declined over 80% from it's Jan 2021 peak. Peloton now trades at $26.63/Share, which gives Peloton a Market Cap of around $8.9 Billion, which is just 1/8th of what their Market Cap was 13 Months ago. This rapid fall from grace is best summed up by Peloton having to (allegedly) halt new production of their equipment in Jan 2022. This decision was taken as many of Peloton's exercise bikes were left standing in their factories unsold due to the very low demand for Peloton's products. This situation was very embarrassing for Peloton and for many (former) investors, this situation was a point of no return. Having said this, Peloton recently got rid of their CEO John Foley, who has been widely blamed by many investors for Peloton's demise. I believe that this was a step in the right direction for Peloton, as bringing in a fresh, young CEO with innovative ideas would've been a great boost to Peloton going forward. However, Peloton's Board took the decision to replace Foley with Barry McCarthy. Whilst McCarthy can bring vast experience & knowledge to stabilize Peloton in the Short-Term, you cannot ignore the fact that he is turning 70 Years Old this year, and he came out of Retirement to take on the role of Peloton CEO. Appointing a CEO like McCarthy clearly signals the intention to focus on getting Peloton sold as opposed to turning Peloton's long-term fortuned around. So in conclusion, I think that with the right management and a clear long term vision, I think that Peloton can turn their fortunes around and could potentially become a $50-75 stock in the long-term future. However, it is also clear that the COVID Pandemic provided an unprecedented and insane boost to their sales, which caused their stock price to spike. This means that reaching a $60 Billion Market cap (Share price of $172/Share) will be virtually impossible regardless of what any new management plans to do with Peloton. ​ **Feel free to share the stocks that you think will NEVER see their All-Time Highs again and also provide a thesis of why you think the company won't reach their ATHs again should you wish to do so** ​ Thanks for reading this post and I hope you have a great day!

stocks

>To buy one of their standard Exercise Bikes, you will need around USD $1700 which is a lot of money considering that $1700 can get you a solid Gym Membership for around 6 Years, and in a gym you have access to much more equipment than just an Exercise Bike or a Treadmill. FWIW, owners of peloton are paying for the convenience of having their exercise programs in their home. But regardless, i agree it'll never see ATH. it benefitted greatly from COVID lockdowns, which was a fluke event.

751i8o

V or AMZN?

Trying to decide between these 2: AMZN seems a little over-valued because it's trendy, but in my opinion is still an amazing stock. V seems to be on a lot of peoples' radars, but seems a little more risky. Thoughts?

investing

Both are great but Visa is not riskier than Amazon that is what I know for sure. Amazon is more of a speculative stock than Visa. Visa offers a dividend to investors whereas Amazon investors rely on the reinvestment of profits to push up revenue and hopefully the stock price.

amq1j9

Can someone make a financial argument for long-term renting as opposed to buying?

I am aware of some of the lifestyle benefits of renting but was curious to see if someone could make an argument for life-long renting as opposed to the well-trodden path of mortgaging and eventually owning outright the property in which you live in?

UKPersonalFinance

- Lower costs on moving around, renting provides high flexibility for changing family structure, job and building type etc. - Easier to move if you don't like the people or area around you - Getting a house normally involves a huge mortgage. Some people don't like having any debt - Getting a mortgage normally can involve someone else as well. Issues arise if the relationship goes sour, for example, cost - Will be a massive loss if you leverage an asset that falls in value. Can't happen with renting - Housing may be a poor place for your wealth long-term (returns and tax environment unknown in long-term) - A house is a low liquidity asset with high initial barriers. Renting has better barriers of entry - Rent is normally fixed or reasonable to estimate going into the future. Owning a house has significant uncertainty with maintenance, insurance, tax and interest rates. Costs can be high for housing at these times, whereas rental is largely only an issue on rent review - Masks the value of your wealth. I can see how much you paid for a property

cztim9

G&M: Investors, don’t give up on the Big Six

Canadian bank stocks have failed to generate any meaningful gains over the past two-and-a-half years, but don’t give up on them now. One reason to embrace this going-nowhere era: Dividend yields are above 4.6 per cent on average for the Big Six bank stocks, making the quarterly payouts hard to ignore at a time when bond yields are falling. Another reason: The banks’ third-quarter results, which rolled out at the end of August, suggest that these financial giants are doing okay even in challenging times – making the stocks looking curiously cheap. How cheap? According to RBC Dominion Securities, the average big bank stock trades at just 9.2 times estimated 2020 earnings. That’s close to the group’s lowest price-to-earnings ratio over the past decade and well below the average P/E of 11.1 over the same period. Based on the average price-to-book ratio of 1.35, bank stocks are also close to a decade low. Admittedly, these low valuations reflect a number of simmering concerns. Declining global economic activity isn’t good for banks: Germany’s economy contracted in the second quarter and U.S. factory activity contracted in August for the first time since 2016. The factory report only adds to evidence of a U.S. trade-related slowdown reflected in declining bond yields and an inverted yield curve in the United States and Canada. Declining interest rates in Canada and the United States, which can make lending less profitable for banks, is another factor to worry about. Although the Bank of Canada held its key rate unchanged on Wednesday, economists expect that the central bank will have to cut rates before the end of the year. And yes, the banks are setting aside more money to cover bad loans. Loan loss provisions within Canadian personal and commercial banking divisions are up an average of more than 20 per cent over the past year, according to CIBC World Markets – adding to concerns should the economy really stumble. Yet the latest quarterly results underscore why it’s worth sticking with bank stocks for the long haul: Even when facing headwinds, the Big Six are reporting reassuring results. Revenues increased by an average of 6 per cent, year-over-year, in the fiscal third quarter. Profits increased 5 per cent year-over-year (after one-time adjustments related to things such as acquisitions and dispositions). Analysts expect that growth will continue to plod along. Robert Sedran, an analyst at CIBC World Markets, estimates that the Big Six will see profit growth of just 3.5 per cent for fiscal 2019, and 4.6 per cent for 2020. “There is every reason to assume that the fourth quarter will look a lot like the rest of the year in terms of the major trends, with earnings growth coming in the mid-single digits and the banks working hard to generate that growth,” Mr. Sedran said in a note this week. Nonetheless, the growth suggests that the business of borrowing money at short rates, lending money at long rates and operating in a competitive environment that is best described as an oligopoly is a pretty good one (even when the bond yield curve isn’t tilted in the banks’ favour). And the growth is fuelling dividend increases: Payouts are up 8 per cent year-over-year after third-quarter hikes by Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Royal Bank of Canada. What’s not to like here? And the fact that share prices are well off their highs should be seen as a buying opportunity. The S&P/TSX Banks industry group is down 9.6 per cent from its high a year ago and is back to levels seen in early 2017. In 2019, the banks are up 5 per cent (before dividends), but underperforming the broader S&P/TSX Composite Index by nearly 10 percentage points. Bank stocks already appear to be reflecting a gloomy scenario for the economy. Should that scenario unfold, low bank-stock valuations suggest that the downside should be limited. If the economy gets over its trade-related doldrums, bank stocks should recover. And if bank stocks plod along without much direction, dividends should continue to rise – pushing yields higher and making Canadian bank stocks harder to resist.

CanadianInvestor

Anyone invested in a TSX tracking Index has a lot of exposure to the banks anyways. If you don't do the heavy diversification, than yeah Bank stocks are not a bad idea. They are safe and have decent dividend and upside.

a4dk3g

Expected returns of 100% equity portfolio (30+ years)

Hey guys. ​ I've been reading about the expected returns on equities, and many experts are predicting the next decade will be rather dry when it comes to returns (or at least dryer than normal) - around 3% or 4% after inflation. What are your thoughts on this, And what are your thoughts on the long term returns (which expand many decades)? ​ Is it reasonable to assume a nominal return of 7% to 8% over the course of the next 30-35 years, with a 100% equity-based portfolio?

CanadianInvestor

There has never been a period in the last 100 years where a 30 year investment in the S&P500 returned less than 4% after inflation. [Article.](https://personalfinancecanada.ca/financial-blog/what-if-you-invested-in-the-sp500-for-30-years-and-did-nothing)

k9srrw

After TSLA is added to the S&P 500, and that bubble finally bursts, how will it effect ETF holders (such as VFV)?

Don't get me wrong, Tesla is an amazing company and they should be valued high, just not this high. This is like Ballard Power type crap about to happen, yet they decide it's a good idea to add to the s&p 500? I feel like that's some straight up FOMO but instead of the average emotional trader, it's the damn s&p 500. Maybe I'm not understanding, Its not like I've been investing for decades like many here.

CanadianInvestor

It's not a bubble. Historically, hyped SP500 inclusions don't end in a selloff with people trying to make bagholders of the index investors. The likely outcome is that etf holders continue to enjoy diversified gains. Tesla may fall 5-10pts as traders self fulfill the prophecy, but it will rally and push new highs by January as long as the business is still sound. And with 5b in fresh cash they are doing GREAT. As for buddy still talking about car companies when Tesla gets brought up, no. Tesla is roughly an automotive technology company with a goal of vertical integration. They make proprietary technology unique to cars, while making unique cars, as well as expanding into the green energy space. Just because they make cars doesn't put them in the same class as Toyota. Call me when Toyota also makes solar panels and innovates battery tech and writes software

fl971g

Why bond ETF NAVs are disjoint from price

https://www.etftrends.com/2020/03/bond-etfs-not-mispricing-that-would-be-the-mutual-funds/ There have been ALOT of concerns about bond ETFs, and why theyre falling so much. This article is fairly good and explains why you cant be looking at NAV. NAV does not work well under these market conditions. The bond market has STRUCTURAL issues, most of the actual IG bonds themselves are still fundamentally fine (wont speak to HY, not my forte). ETFs provide SIGNIFICANTLY better price discovery than mutual funds. It is highly likely that almost all FI MFs are overvaluing their holdings. This could seriously screw investors who stay invested, while others redeem. From my own perspective, corp bonds in both Canada and the US are going no bid, and are not trading. How, as an index provider do you price these things then? There is no last price, or last mid price for you to use. So index providers are forced to use their models to approximate the value, and it is up to the ETF provider to try and match these. The big issue is, is that those prices are not necessarily achievable in the market.

CanadianInvestor

On Monday (March 16) Horizons posted this advisory: Don't transact in fixed income ETFs unless you need to do so. [https://www.horizonsetfs.com/Notice-Bid-Ask-Spreads-on-Fixed-Income-ETFs](https://www.horizonsetfs.com/Notice-Bid-Ask-Spreads-on-Fixed-Income-ETFs)

ghgn1e

Telus or Bell Canada?

I want to add telecom in my portfolio for long term investment, but I am having a hard time choosing between the two. Which one would be better for long term?

CanadianInvestor

I chose Telus last week because they have less exposure to areas like TV channels (Rogers Sportsnet, Bell owns TSN) and some new exposure to home security and smart doorbells. They have the most exposure to cell phones as a percentage of their business of the big 3, I believe. According to analysts tracked on Capital IQ, Rogers has the highest upside followed by Telus then BCE.

roc8ns

looking for ideas to protecting my nvestments with downturn/have 5-8 yrs 'til retirement

***Merry Christmas everyone!*** need some imput please: looking for ideas to protect my investments with downturn/have 5-8 yrs 'til retirement/single, will be in my mid 60s. we all know the inevitable haircut will happen and this time it might be a big one and last for how long **(from what i've read, a full recovery from the 2000 dot com crash took over 10 yrs, the 2008 about 18 mo**) ... luckily i have a db pension building up ( i'm still hoping to build up by working another 5-8 yrs), could collect OAS and CP so don't have to fully rely on my stock returns when the inevitable correction happens...also have dry powder and am adding to it...but still no one wants to see their investments later in life take a major dive when the 'golden finish line' is near. i'm mostly into quality stocks (**65% solely in TELUS** and it's 4% dividend since i work there and so am trying to diversify my portfolio more.)...also have faang, both Cdn and US banks, stocks in oil/gas, semi chips, reits, loblaws, costco....some some growth stocks...getting into more healthcare as well ...have $5-8k in crypto but no more: coin base, hut, galaxy and 3k in WS crptop).. and yes there is the argument to *'****'invest in bonds to counter a drop/have more balance''*** **advice**... but bonds are paying poorly as returns.... and yes i am creating some cash reserves set aside too esp for major dips. lastly, there are those who'd suggest an **asset allocation etf:** but my TELUS stock, with dividends, still paid more these last few yrs than Vbal, Vgro and even the more aggressive VEQT...and i'm hoping with 5G, the internet of things (IOT) and IPOs of TELUS health and TELUS Agro, that it will still remain strong: yes i'll continue to diversify out of it but not fully of course...thinking of still keeping 50% of my investments in TELUS stock (nice 4.5% dividend too right). i will also see a CFP once i'm closer to retirement, of course (parallel wealth, etc) ***All the very best to everyone as we head into 2022!***

CanadianInvestor

Stick with Cdn banks, telcos, Enbridge. If you are so close to retirement and you have a good chunk set aside, just keep adding to those positions and the dividends, CPP, DB pension will carry you through to a comfortable retirement.

kskc8a

Where do you get your news to know which stocks / markets to buy in Canada?

Happy New Year Everyone! As a new investor, I was wondering where more experienced investors get their news in terms of upcoming news, industries and companies to look for. I've joined multiple groups on FB and although it may seem instinctive to take someone's advice (especially when they sound so excited all the time, i.e 🚀 🚀!!!), I don't want to fall into the trap of being swayed into buying what everyone is spewing out. I have taken a look at some stocks and always done my DD (some have bared fruits, some not as much), but always wonder where these people are getting their sources from (or do they just mostly own the stock and are trying to pump it?). I'm not looking to day trade per se, more long term if anything. I was just wondering if someone can point me towards a direction. I'd like to become proactive rather than reactive to news, acquisitions, bandwagon jumping, etc. I apologize in advance if this has been asked or if the answer is super obvious ("read the news duh!). I appreciate your input and best of luck and lots of health and happiness to you and your families in this new year. Take care, Gold With The Wind

CanadianInvestor

Only time I listen to people is in relation to ETFs. I’m not going to blindly buy an etf, but looking into one briefly or to fit something specific I’ll invest in it after a super brief look. If I’m looking into a small cap US etf and they suggest the ticker on a russel 2000 etf and I look into it and it has a low cost I’m not going to do much more investigating as it’s pointless. It meets all my requirements If it’s a specific stock I really need to have a strong understanding of their financials/business model. It takes a lot for me to invest in a specific business.

uy8lro

Growth TFSA, Dividend Unregistered?

So I've maxed my TFSA with XEQT and VFV and still have leftover money. My RRSP is maxed through my employment pension, I have no kids and no purchases planned. Basically would it be a bad idea to dump all my excess money into an unregistered account and fill it with solid Canadian eligible dividend companies? The way I see it, I have growth and U.S focused portfolio in my TFSA, Canadian and dividend focused portfolio in unregistered account. I get the tax advantaged of the dividend credit, economy diversity, avoid currency risk, and maintain stability. Would this be an okay strategy?

CanadianInvestor

Sounds like a pretty good strategy. My only hesitation would be that having dividends payers focused in an unregistered account gives you less control of when you're taxed on your gains, so you potentially pay more tax than if you can control the timing. If instead you focused dividend payers in your TFSA, you'd pay no tax on the dividends, then in your unregistered account you could focus on investments where you have more control over when you pay tax on the gains by choosing when to sell assets. Total return ETFs like Horizons' HX\* series were made specifically for this purpose. They have no payouts; the value of any dividends is instead rolled in with the value of the ETF. So you pay no taxes until you choose to sell, maybe when you retire or have a low income year so are in a lower income bracket. Plus you'd have had the benefit of the taxed portion compounding for all the years you deferred paying tax on the dividend portion of the gains.

8wqpae

Canadian Stocks to look into?

Hi there! I'm a new investor, trying to understand the investment landscape. I recently got into stock trading and, quite frankly, of the few stocks I have, I've gotten real sick of currency exchanges since it seems like everything worth looking into is owned by the Americans or at least in American dollars. As a Canadian who wants our industries to succeed, I'd like to invest in Canadian stock and pay for it without currency issues, but I'm having a hard time thinking of Canadian Companies with Stock to invest in, besides some really obvious expensive ones. Plus, this damn trade war is making everything volitile Does anyone have any recommendations or considerations on Canadian stock holdings to look into?

CanadianInvestor

I feel like you don't know what stocks are out there. Here is the entire list of stocks that trade on the TSX or TSX Venture. [https://www.tmxmoney.com/en/research/listed\_company\_directory.html](https://www.tmxmoney.com/en/research/listed_company_directory.html) There are many household names on there (which it seems is what you want): Pizza Pizza, A&W, Boston Pizza, Shopify, Roots, the banks, Manulife Insurance, Hydro One, Canada Goose, Enbridge, Suncor, Cineplex, Maple Leaf Foods, Molson Coors, Saputo, Restaurant Brands (Tim Horton's and Burger King), Bell, Rogers, Telus, Sleep Country, Spin Master Toys,CN and CP rail, the list goes on. >Wait, fucking Dollarama is Canadian?! Had no idea. > >Too bad their stock's not a dollar. :P But it also seems from your post and this answer that you still have **a lot** to learn about investing. Companies aren't worth buying because you have heard of them. Companies are worth buying because of the money they will make in the future. For instance, Brookfield makes billions of dollars today, and will make many more billions in 10 years. It doesn't matter that you never see their name on the street. Also, of all the criteria worth looking at for an investment, the absolute dollar amount of the share price isn't even on the list.

pwa9v7

Is Investing in major ETFs better than individual stock pickings over the long haul?

Just wanted to hear from people about investing in ETFs for better overall returns on a consistent basis. For those who are able to pick individual stocks and have been successful in their pickings, what has been your overall rate of return year over year? Most investment manager reports I read, they average around 8-12%. This could be my own selection bias and if there are managers reading this who have consistently made more returns, my apologies in advance. I understand this approach may not work for investors who have certain screening criteria but for an average person, like me, who doesn't have all the research available at disposal and even if they do, they don't have anyone vetting it, wouldn't it be better for them to put their money into large ETFs (let's say SPY, QQQ, DIA) than individual stocks? If all of these ETFs have given the same level of returns, why would investment managers try to find hidden gems (for more risk) when their returns, on average, are not going to exceed these large ETFs representing broad markets anyway? I totally get it if people like doing research and understand the risk and want to yolo funds but for the most part, those investors that are looking for consistent portfolio growth, wouldn't they be better served by putting their savings in these ETFs?

CanadianInvestor

Look up the SPIVA reports. If mutual fund managers cannot achieve the benchmark 90% + of the time over a 10 year period, with all their staff and ressources, what makes us think we can as retail investors? Low cost ETFs, broadly diversified and following the index is the 90% solution (literally)

nbigxo

Is averaging down a good strategy for exiting a stock earlier?

There’s a stock I want to sell, but it has gone down quite a bit the last two months. I’m not selling because it’s gone down (I was considering selling even before the price dropped) but because I have enough exposure in the sector elsewhere, plus I’m not a fan of how management is running the company. I’d rather use the money elsewhere. That said, like everyone else, I hate selling at a loss. I’m fairly confident the price will rise to my purchase price eventually (3-24 months), but if I average down, I’d be able to exit sooner (assuming the price does indeed go up). Wondering if that’s a good strategy, or if I should just wait it out. I guess selling at a loss is also possible, but would rather not.

CanadianInvestor

Terrible psychology of an investor but most or all feel that way at some point in their investing lives. The goal should be to put your money in the best investment opportunities. If there is a better investment opportunity to put your money into that will return a greater percentage than what you need to break even over the same 3-24 month time period then that is what you should purchase. Really you should sell your holding at a loss and deploy that capital in this other investment that will be a better return. If what you are currently holding is deemed the best investment opportunity in the market then definitely average down while it's at a discount. Capital losses are useful tools to offset past or future gains. TLDR: If you no longer like a company then sell and move on. Maybe you are spot on with inept management and the stock will continue to trend downwards. It's a completely different conversation if you were talking about averaging down a position that you intend to hold for a long time because if you still believe in the company then it's an easy thing to, especially if you are partially/entirely invested in the company due to dividends and averaging down increases your yield.

mfd0f8

REITs instead of a rental property as a money allocation strategy?

English is not my native language. I hope you will be understanding. I did the choice to own a house held in divided co-ownership for the last 10 years. Even if I didn’t regret it for the quality of life provided, it was not a good investment (lots of renovation expenditures, increasing condominium charges, slow increase of the market value). I sold it last year for a single family home. We did a down payment of 20% and in less than one year, the market value has increased of 15% already. Beside our dividend stock portfolios (TFSA and RRSP), my wife and I would like to do something of the ton of equity in an illiquid asset (my new house). A home equity line of credit was opened with my residential mortgage loan. As I did a 20% down payment, I have already an available balance in this line of credit at a rate of 3.1% with flexible payment options. I don’t know if I can ask for another home equity line of credit secured by the all new value portion of the house. At the beginning, I expected to purchase a rental property as diversification. But with the boom on real estate in my city, it seems to be hard in today's market to come ahead with a such investment as a money allocation strategy. My thought is to use the available balance for holding REITs. I know that REITs are therefore best held in a tax-sheltered account. But no room available for the moment. In a non-registered account, the payouts from REITs are not considered dividends and are taxed as income at my full marginal tax bracket. I will have to calculate the adjusted cost base (ACB) for each security in my taxable account. What is the best option in this situation? Holding REITs, REIT etfs, no REIT at all and just Canadian dividend stocks? My main concern is the profitability. With an interest rate at 3.1%, with the tax concern in a non-registered account, is this strategy potentially profitable in your opinion? Any advice will be warmly appreciated.

CanadianInvestor

Similar to another question about actually renting vs owning, this answer really depends on where you live. Toronto/vancouver: anytime in the past 20 years would be better off leveraging a rental vs REIT. Calgary: 100% REIT

yf78iu

Are there long term risks with ETFs that we don't see?

Everyone says hold VGRO and the like. If it was that easy wouldn't everyone be rich? and if everyone holds index funds forever wouldn't that mean the underlying companies aren't accurately valued?

CanadianInvestor

It's true that passive funds owning more than a certain portion of the market can cause price discovery issues (what you call "not accurately valued"). It also causes higher correlation between all stocks included in large ETFs. Many people have written about that. But the long term effect of having a large portion of the market owned by passive funds is not yet clear. ETFs that hold low liquidity securities (like some bonds) may fail in high a volatility environment, for example.

3ayee0

Boss agreed to try a reduced work schedule

As I try to figure out how close to FIRE I am, I get annoyed by the day to day of leaving my child in daycare and heading off to the office. For years I've been telling my boss "I can probably survive without a salary at all but how about we just lower my pay and I work four days a week". Finally yesterday I gave him the ultimatum that I wasn't going to wait much longer. He agreed that after the current deadline is over (2 months) we can try out me having Wednesdays off. I'll prove to him that me being at the office Mon-Tue and Thur-Fri keeps me plugged in and productive and I'll regain back a major chunk of my life. This is an idea I had years ago. To sort of gradually ease into "retirement" and let my comfort and confidence with it increase while I find the right work/life balance. It seems more sensible to me than the sudden drastic lifestyle change of going from 40/hrs to 0 one special day. I also think this will do wonders for my life. Psychologically I think it'll be a double whammy. On one hand I am not dealing with another day at the office every week, on the other hand I get a whole day of rest and time with my daughter that I otherwise wouldn't have. So I think it will have a major impact on my quality of life.

financialindependence

I would love to do this but they would never let anyone do a flexible schedule like this at my job. The reasoning would be "if we let you do this, we have to let everyone." But i'm sure a lot of people have the same situation at their job. It's full-time or nothing around here.

uhnylu

Is Ken Griffin going to prison?

Ken Griffin is basically guilty of misrepresentation/omission of vital information about securities, using state of the art technology to manipulate the market prices of securities, stealing customers’ funds and securities (primarily retail through the use of payment for order flow brokers), violating broker-dealers’ responsibility to treat customers fairly, insider trading, lying under oath and selling unregistered securities. To add to the list, bribing government officials (it's not a contribution, fuck you, the parties he pays engage in government policies that directly benefit and protect him), paying mainstream media services to spread misinformation while burying factual information, paying companies like BCG to "consult" or more factually destroy companies he is shorting from within, manipulating companies like Google, Twitter, Facebook or Meta whatever the fuck and more in order to spread propaganda and control conversations about companies that affect his pocket/knowledge that paints him in a negative light. The list goes on and on. Through illegal practices on top of illegal practices, Ken Griffin has made all of his wealth. It wasn't his intelligence, work ethic or anything legitimate because he did it illegally. He cheated. It's much easier to win when you're not playing fair. But I keep hearing every so often that people believe all this wealth he's made illegally can protect him from going to prison and that he will never see a day in prison. I see it in top upvoted comments all the time as if he's above the system. As if he's bent over the federal government so badly that even if he loses billions, he will still be untouchable and allowed to flee or just simply never be successfully charged. So which is it? Jail. Or no jail.

Superstonk

IMO there is almost zero chance Kenneth G does any jail time & likely laughs when he sees references to it. Money makes the US go round, that’s it. Too many political connections, teams of lawyers, & employees between himself and the actual crimes. Hell didn’t only 1 person go to jail over 2008? Also - watch Succession to see this concept play out in a great show. The top dog going to jail just isn’t an option & ppl will literally sacrifice themselves to protect them.

r7hhmh

What to do when MOASS starts and you have 100% of your shares DRSed, like myself? Well, I still would like to sell at least one share to get a life changing money.. but have we really outlined all options regd. how to do it?

\#**1. Sell via a limit order with ComputerShare (online)** **-** the most logical option. Unfortunately, it's connected with the bloody limit order cap of $214,748.36 per share (thanks [whoopsidaiZOMBIEZ](https://www.reddit.com/user/whoopsidaiZOMBIEZ/) !) which CS are obviously not eyeing to increase anytime soon. Instead, they are increasing the max. aggregate value per transaction, which does not really help the case, I am afraid. This is a far cry from the "life changing money even for the X and XX apes" principle which gets so widely trumpeted here. ~~#~~**~~2. Sell via a limit order with ComputerShare in written form~~** **-** I believe I have heard this option mentioned somewhere, meaning that CS would allow for a limit sell order at higher value but they require to have the request in a written form. Does that mean using snail mail to send over to Kentucky? Or a simple email would be sufficient? Especially for non-US apes who wait 7-8 weeks for a DRS advice letter it's a rather questionable option. \#**3. Sell via a market order with ComputerShare -** this option was mentioned by Paul Conn in the AMA Round II. Unfortunately I am entirely unable to predict the amount of possible fuckery related to this type of sale. In the end one might end up with selling the share at <1% of its current market value just because there is some fast algorhitm who detects the sell order and quickly adapts the bids for one microsecond accordingly? \#**4.** **~~Sell via fractionals with Computershare~~** **-** I'm not even sure if that works and/or has any impact on the max. share price limit of <250k. Can I sell say 0.0348 share for that much, thus circumventing the limit sell limit and actually selling it via multiple orders for 69 million? Can any apes shed more light on this instead of just resorting to speculations?**Refuted.. limit sell order of fractionals is not possible..** \#**5. Sending the shares to be sold back to your broker and proceed with a limit sell order from there -** again, this was mentioned in the AMA Round II. Nevertheless, what we are missing here are some exactly defined procedures so that apes can resort to them in the time of anxiety and panic of the MOASS. I wonder how long a transfer like this would take (depending on the broker and country) and whether this does not expose an ape to some shitty broker tactics preventing the sale, in the end. \#**6. Keeping the share with ComputerShare but initiating the limit sell order via your broker -** something like that was shortly outlined in the AMA Round II, but without any specifics regd. how can this be done, which brokers can participate in such scheme and how long does it take. \#**7. Keeping some shares with brokers and only use ComputerShare for neverending swimmingpool -** well, this was actually a very sought after option before all the fuckery with Fidelity occured. There are, however, some serious drawbacks connected with it.. account for the fact that this slows down the process of locking up the whole float with DRS considerably. Plus it exposes you to all kinds of trickery - broker turning off the buttons, or even defaulting on your sale. I personally am not a huge fan of this option. \#**8. Some other option I might have missed?** I am an Euroape who has DRSed 100% of his shares, it was my individual decision with the best interest of my favorite stock in mind. Nevertheless, I feel like you fuckers have spent a ton of time explaining how to DRS but very little time to how to un-DRS if the time comes. I'd also love to see some of these questions addressed with some future AMA with ComputerShare, preferrably the Round III. [u/jsmar18](https://www.reddit.com/u/jsmar18/) No FUD spreading, no shilling, this needs to be addressed. Thanks in advance for your comments.

Superstonk

As I have been saying over and over and will continue to say...until we have some sort of MAJOR change regarding the limit sell order cap, the best option (in my humble opinion) remains keeping a few shares for sale in your brokerage account of choice while drs’ing a majority of them to computershare for the infinity pool. Yes I recognize that our last bastion of “good” brokerages just revealed who’s side they’re really on, but i believe it remains a better option than settling for either less than 250k per share via limit order, or getting magically fucked by a market order during moass. Unpopular opinion I know and I have been getting nothing but downvoted for it in other similar responses, but I believe it to be the truth. Obligatory not financial advice. I see, hear, smell and taste crayons at all times.

2b8611

Met a "day trader" at a party last night. Looking for some input on what he told me about his work

Ok, so I'm at this party last night, and someone asks me what I do. I tell them I'm an accounting grad student (I have my CMA completed as well). The guy next to me asks me what type of accounting I want to do, which I find a pleasantly unexpected question, cuz most people think accounting = tax. So we talk, and I ask him if he's a business person. He's a younger guy (I'm 27, I'd guess he's around the same age). He says he's a day trader. I find this to be pretty cool. As a typical accounting personality, I'm pretty risk averse. I figure day-traders are probably the opposite, and I want to know more. I ask him about his work more, and he mentions he wrote an algorithm and sold it to Fidelity for 80 grand, and still gets royalties. I am skeptical at this point, but I think it's pretty cool IF it's true. I ask him what sort of math goes into writing one and he smirks and replies "not much, really." This is kind of surprising to me, I'd always imagined algorithms to be pretty complex. But I don't know enough to say more. But I'm thinking "if algorithms can be written by anyone, why would Fidelity need to pay instead of just having one of their analysts develop one?" Then I ask what he looks at when making a trade. He says he likes to see a 5 year overall growth in stock price for companies, and also likes to see stable management (no new CEOs/CFOs for a good year before trading). This seems reasonable to me, so I ask him what he looks at to determine this. I'm expecting something like "oh, I look at board minutes, MD&A, the financials", that sort of thing. Nope, this guy apparently only trades off the news. He scoffed when I asked if he looked at statements of cash flow. As far as I could tell, he didn't have higher education completed. He mentioned he was a fireman for a municipality for awhile to save up capital, and now does day-trading full time. I'm not trying to sound hypocritical or high-handed; but how can someone think they can beat the market consistently by following the news? I was baffled but tried to not let it show. I guess my main question is, how likely is it that he was full of shit about the algorithm? Also, he mentioned that certain companies give him "cool stuff" for trading their stocks, which also made zero sense to me. He couldn't seem to recall which ones though.

investing

Highly likely he's lying about the algorithm, especially since there's apparently nothing algorithmic about his trading. While a brokerage or financial advisor might conceivably give customers "cool stuff," there's absolutely no reason for a company issuing stock to do so.

plzhfv

Why does CoinMarketCap promote altcoins when cryptocurrency market is based on founding projects like Bitcoin or Ethereum?

###It is not a hate post, since new tokens and projects are always welcomed, but recently I started hating the hype tokens that grab all the attention and make people hype them without any value.   This is a good example:       CoinMarketCap Top 10 trending tokens in America for a week post: https://imgur.com/YCJcF1q   Why we don't see any valued or worthy project here literally? What is the American market doing right now, these are all memecoins as they call it. It should be changed since these tokens have no value at all.   A lot of new investors and crypto users use this site to get information and statistics! Why coins and tokens with names that make no sense have no real value are way trending than the main projects that literally bring in value.   ###Also do you think that this is one of the reasons why the market is going down a bit right now and it's very unstable?

CryptoCurrency

This market is all based around hype and fomo. You have plenty of very good projects in the 200-300 rank range that no one knows of because they’re spending money on development and not misleading people through ads

k8tmzu

New to investing? Consider using P.E.N.I.S. before making a decision.

This is a guide I use myself before I make and investment. P.E.N.I.S. stands for: P-price E-employees N-numbers I-investments (are others investing/what are they investing in?) S-space **P** Price-Before you invest, consider the price. Take a look at the price history of a stock, and see how its changed. A stock that has a fast price change may be more risky, but may also get you rewards faster. A stock that has slow price changes may not make you as much money as fast, but may also have less potential for you to lose money. Take a look at where the price is now to where it was 1, 3, 6, and 12 months ago. Look for a trend in the price history and find any news from around those times that might explain why it changed, and what it might mean for the future. **E** Employees-ALWAYS find the number of employees in a company. This is often overlooked, and can determine if the company is going somewhere anytime soon. Especially for IPOs, SPACs, and smaller companies. Do you wanna be the idiot that bought shares from Jordan Belfort for a company with two people that make satellite dishes in their garage? I don’t think so. If there a very few employees, the company may not have enough people to get anything big going, and won’t be profitable anytime soon. **N** Numbers-Take a look at their financials. Look at their debt, income, profits, spending,etc. Companies that have high debt or low to negative profits may still have money to be made from, but it might not be anytime soon. Debt, income, profits, and company spending can heavily impact the price of a stock. Make sure to check when their earnings releases are as well. Even speculation about earnings, in the days and even week(s) leading up to a report can pump up or deflate the price of a stock. Rapid changes in value before an earnings report may be a sign that a sudden spike or dip in price is coming soon, so look out. **I** Investments-Check what other people, corporations, and investment firms are saying and doing about it. If a large corporation is investing large amounts of money into the stock you’re looking into, they see the company is profitable. People may post online about what they’re investing in. Be wary of this advice. Make sure to do your own research, regardless of their reasons. They may be trying to organize a pump and dump scheme, but not always. If a big company or investment firm is selling large amounts of stock, they may see a better investment coming or expecting a big dip in share price soon. Be wary of these companies too. Citron is a perfect example that some people at the top are just as stupid as the average person. **S** Space-See if the industry and company has space to grow. A company may have no debt, positive income, and a strong backround, but if it can’t improve much more, the company will probably see a decline or slow growth of value in the future. For example, the auto industry, which has been slowly dying (according to my dad, who has worked in it for ~30 year), has gotten a boost recently because of EV. Using green energy and trying to make it more efficient has opened up some space for the industry to grow. Bonus for S-Sober. DO NOT make any calls while on any kind of depressant. If you don’t wanna be sober while trading, stick to stimulants. There have been a handful of times where I have bought shares in a company while drunk or high, then not remembering until I open my portfolio the next day and finding out I bought some random ass stock while high off my ass. After using my P.E.N.I.S., I think you will be able to make better investments. It helped for me at least.

wallstreetbets

I independently figured out strangles, straddles, and calendar spreads on cannabis. I easily add credit spreads, debit spreads while also on cannabis. In fact, I don't trade unless I'm on cannabis because it calms my anxiety and I just see the market as numbers on a screen so I make sensible emotionless trades according to predetermined strategies as opposed to when I'm not on cannabis and I'm just randomly ADhD-ing every ticker I hear about.

cghk7s

I have 30k in the bank and potentially can never work full time again due to poor health- what do i do?

So ive browsed here for a while now and have a brief understanding of investing into stocks and shares, property investing and isa's.... however today I find myself in a bit of a pickle. Im 24, own a house and have paid off the mortgage, have rentors in there that bring in roughly 600 a month that i put towards us renting the apartment we live in, bills and food. Today I have been diagnosed with an uncurable illness thats fairly dehabilitating, and probably going to force me out of work. I have a partner, we are intending to marry and produce offspring, however, if I can never work again I do not want to be forced to stop providing for my potential cute little family! Im now wondering whether to just sit on this money and make it last as long as possible (not long clearly lol 30k is peanuts in the long term) or whether to start working out a way (or ways) to start flipping this money and start crafting a good future for not just myself but my partner and potential kiddlywinks too. Id like to know the safer routes, the more dangerous routes, whats gonna make loads of money fast or whats gonna make a small healthy amount of money over time... in essence I'd just love to have a brief understanding of majority of my options so that I feel like I can carry on contributing. Thanks so much in advance, sorry if this hasnt made enough sense- been a long day lol

UKPersonalFinance

Sorry to hear that :( ​ Realistically £30k won't make much difference long term, but importantly it will give you some short term stability. If you were to invest it and withdraw an amount that's "sustainable" it's only going to be in the region of £1k per year. ​ Depending on how bad the illness is, do you think you would be able to use that money to retrain or set up a business for something to work part time and/or self employed.

ay9z00

Retire early with well paying job advice/thoughts

Hello all, I am in my early twenties and have been lucky enough to get into a really well paid position in the software industry, however I am working the hardest I have ever worked, and the same thought reappears in my mind, a choice: ​ Do I bust my ass for one/two years, buy a two bed somewhere cheaper, and work for a company there earning half of what I do now, but with a better work life balance and no debt. Or Do I stay in London, save for 6 yeas to buy a half a mill property in zone two, have no money left because the London property market is complete BS. ​ Pros of former: \- commute by motorbike (economical, cheaper than car, more fun) vs train commute (kills me) \- be a big fish in a small pond \- career growth would be somewhat easier ​ Cons of former: \- limit in career progression, London is really where it is at TBH. \- anywhere else wouldn't have the allure of London \- would not necessarily meet the top talent in the world (quite a lot of it is in London) and therefore learn "less" ​ I could probably think of more pro/cons, but the idea is simply (TL;DR) Save big salary to "soft retire" early and live frugally or don't be a lazy ass. ​ Any advice/thoughts would be appreciated. Thanks

UKPersonalFinance

Are you talking about buying those homes outright or mortgaging? If you're in a position to buy a 500k house outright in 6 years then I'd suggest staying in London as long as you can hack it before moving and buying elsewhere. If you take 500K+ savings to a cheaper area, buy a home and invest the rest you could be well on your way to retiring at 40, depending on your preferred lifestyle. Also, don't rely on what you currently see in London for 500K being what you could get in 6 years, the property market in the city may be flat right now, but who knows where it will be in 6 years. Alternatively, is starting your own business or remote contracting feasible down the line? This could be your route to earning London money from anywhere you want.

mp8r4x

My Trading Plan Template That Made Me Consistently Profitable

In my trading career beyond having a strategy (actually multiple depending on market state and asset class) to base my trades on nothing has ever been as important as having a Trading plan. In this post I want to share with you my personal trading plan to help you create a set of rules that will help you stick to your plan and keep your emotions in check so that you can actually follow your trading strategy and become a consistently profitable trader. Something that was and still is key for me is the following realisation: Never get attached to your opinion or view of why something should happen. The market is in fact always right and based on nothing but irrationality since its made by humans so the movements of the market do not have to make sense and at more times than not will not make sense. Trading is simply a mind game. Markets are a result of mass psychology which leads to exploitable edges. Mastering your own psychology is key to keep following the strategy that defines your edge. So now without further ado my trading plan template that has helped me so much over the years and I hope will help you as well: **\*\*General Rules\*\*** 1. Never enter a trade without a plan (TP,SL) 2. Once you are in a trade stick to the plan 3. Its ok to be wrong its not about being right its about making money 4. Be patient do not act on FOMO 5. Do not chase the market 6. Let your winners run and cut your losses short **\*\*The 5 fundamental truths\*\*** 1. Anything can happen. 2. You don't need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique. **\*\*Rules of consistency\*\*I AM A CONSISTENT WINNER BECAUSE:** 1. I objectively identify my edges. 2. I have predefined risk of every trade. 3. I completely accept risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them. **\*\*Risk and Money Management\*\*** Do not increase the standard trade size before you doubled the account. 1. The maximum amount you are allowed to lose in a day is $XXX.  2. The maximum amount you are allowed to lose on any single trade is $XXX.  3. The maximum number of losing trades in a row you are allowed to have in a day before you stop trading is three.  4. The maximum number of losing trades you are allowed to have in a day before you stop trading is five. (You may have had a win or two between losses, but there is a time to stop trading.) The maximum number of losing trades in the same direction you are allowed to take in a day before you stop trading is two.  1. If you are up $XXX on a single trade, you will put a profit floor of $XXX underneath the current price to protect a portion of those profits.  2. If you are up $XXX on a single trade, you will take the money and close out the trade.  3. If you are up $XXX for the day, you will take the rest of the day off, stay away from the trading screens, and do something you enjoy doing—other than trading 4. If you are up $XXX for the month, you will put a profit floor of $XXX underneath the month's profits to protect a portion of those profits. If you are up $XXX for the month, you will take the rest of the month off, stay away from the trading screens, and do something you enjoy doing—other than trading! Take a vacation, sleep late and read books, or do something else fun. I created this trading plan years ago and am only sharing it with the community now (never spent much time on social media). It is a mix of my own ideas, ideas from fellow traders and books I have read over the years. One book in particular that I highly recommend and that has hugely influenced my trading plan and journey as a trader is: Trading In The Zone from Mark Douglas.

pennystocks

Letting your winner run is very dangerous in this volatile market. I tried doing that last year, I was up 10 grand on September 1st, letting my winners run that were way below their 52 week highs, by the next day I was 20 grand down. Look at this year. Crash on Jan 29, peak at Feb 16, crash March 5 peak March 16 subsequent crash to March 25, now a great April only if you had some Fangs, banks, and Home Depot, not other tech, not meme stocks, not other mega cap tech.

b2jkid

Learning to use Neural Networks for trading

I’m learning machine learning for a class and the teacher briefly mentioned using neural networks for algo trading but didn’t say how. Does anyone have any tips on how to start learning?

algotrading

Use LSTM neural network on last 20 or more timesteps.rsi and ft(fisher transform) works best as inputs(as far as my experience is concerned) on each timestep. Also the output should be normalized returns.Classify it as positive if the prediction val is positive and vice versa.This works better than binary values in my experiencedont know why but maybe the nn is forced to learn more due to the continuous values.

c4003t

Marketing a long/short equity fund?

I’ve traded futures for about 15 years and am now expanding my business into the equity universe. I am looking for help on how to best market a backtested (not live) strategy to find seed investors. I have vast CTA trading and futures system building experience, but the raising capital for equity strategies is new to me. Any help on metrics or lead will be greatly appreciated. The following are backtested results from 1/1/2008 to 5/31/2019. Non-compounded return= 1,233.97% Average annual return= 107.86% Average days in trade= 3.24 Profit Factor = 1.87 Payout ratio = 1.89 Max drawdown= -22.18% (4/4/16) Sharpe ratio (2% risk free rate)= 3.03 Sortino ratio (0)= 4.34 Calmer ratio (36 month)= 4.11 I have been successfully trading this strategy in the futures markets for years and want to extend my reach. Any help on the oddities of equity portfolio management will be greatly appreciated. To all novice traders attempting to act bigger than they are, please refrain from beating your chest and talking shit (often happens on this sub), you always end up looking like a fool. Thank you in advance

algotrading

Do these backtested results match your live results on trading futures? If you are achieving similar numbers for the past 15 years in the real market, I would lean on that track record a lot more than backrest results when trying to sell investors - it’s a much easier way to sell the strategy, and real consistent track record where the distribution matches your sharpe ratio in the real world is going to tell a good story even if you haven’t traded in equities before. But, if this backtest is telling you that your strategy would do a lot better in equities - and there isn’t a simple fundamental reason for that - it’s important you really check your backtesting methodology to convince investors it matches your real results. Again, if you have been trading in live with futures, the best thing you can do is run a backtest on data for the same period (for futures) and see if you make a lot more in backtesting or if the results are comparable. If not, the usual conservative assumptions apply - what’s the market width, future fee, average volume, does your strategy scale to reasonable size ($1m+) and are you conservative in estimating all these numbers. And then the usual “are you overfitting” question should have a good answer. Your trading model should have a few explainable parameters that are robust to small changes and not overly tuned - if not it’s harder to make people believe it’s not overfit. Good luck!

hnumkf

Real fills vs. backtesting fills off by .02% (stocks/etfs)

Hi all, I just went live about a week and half ago with my algo that I have been testing for months. After comparing the numbers of the real fills and the backtest fills for the same week (about 60 transactions), I notice the fill prices for all my stock/etfs are off by about .02%. I am not sure if this negligible or if I should be concerned and figure out a fix. Wondering if anyone else has compared their live results to backtest results and saw this small difference in fills and if it caused problems for them.

algotrading

Back-testing tools typically fill limit orders on touch, whereas in real markets you will only ever get toxic fills. This might not matter so much with some strategies, but if you were ever testing a market making / HFT strategy based on getting one free tick, the difference in reality vs. back-testing would be millions

m7rr88

Why do you focus on cripto and not in CFD,FX, etc?

Im focusing on CFD FX since taxes in my country (europe) are lower on that. But since I haven't made a succesful trading bot yet I wanted to know if cripto or others are easier to trade/predict or have smaller costs when traded.

algotrading

Crypto data is freely available from exchanges and trading fees are way lower for smaller accounts. If you are making a strategy with level2 data, you cant really do that cheaply on equites etc as you will need a paid subscription for reliable data. Crypto is great for beginners/student hobbyists etc who want to start with less money. Also from my perspective the binance API with python is more straightforward to use than most other non crypto platforms, I'm relatively amateur at coding though so take that with a grain of salt.

mu725e

Is using crypto bots worth it?

I’m new to crypto and only have just over $200 invested and I was wondering if getting a bot would be worth it to help jumpstart my portfolio but I also don’t want to waste time and money that I could just be using in the market anyways. Any feedback would be great and if you do recommend bots where would be the best place for it.

algotrading

Buying a bot? I think you need a bigger investment. Running your own bot? Sure. Find a good strategy, backtest it, paper trade and then go for the real thing. Crypto is 24/7 and to follow it can be really time consuming.

hun42s

Broker for options arbitrage

In some high volatility options during drastic price spikes/drops, I keep occasionally seeing arbitrage opportunities in mispriced option such that: \- you could open a what would traditionally be a debit call/put spread for a credit \- you could open a calendar spread with the same strike (i.e. $50 8/24 cost more than a $50 9/24, sell the 8/24, buy the 9/24 for free) I've been working on a script in quantconnect to attempt to automate this detecting/buying these. Does anyone know if interactive brokers allows this type of trade? When I've tried to do it manually through two brokers I use manually (robinhood/etrade), the broker blocks it.

algotrading

Just a guess but you wouldn't get filled at the prices you are seeing. General rule of thumb, if you think you found a arbitrage opportunity, you probably didn't. If you just want to execute these types of trades, those brokers should allow debit spreads for any user approved for options. Calendar spreads are a little more tricky because you are working with contracts with different expirations. I'm not 100% sure but you probably need l3 options access to enter those kind of trades, I know RH doesnt have this like you found out. Can't say for sure about IB.

4z6a23

What if you have an extremely unprofitable system, so you just do the opposite?

Its just something I've thought about. They say most trading systems fail and are unprofitable. So what if you found one that was extremely unprofitable, and coded it so that you would do the opposite of what it does? I mean, theoretically, wouldn't you be very profitable?

algotrading

Finding a way to consistently lose money is as hard as finding the opposite. Most strategies will either make money now and lose it later or lose money now and recover it later. The whole problem with this is that you need to know when "later" starts. This is why backtests are so deceiving. By justing switching a + with a - (or the other way around) and a losing money strategy becomes a profiting one.