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bnx3ax

Geometric Brownian Motion for Financial Markets

Hello everyone! I'm planning to apply the GBM to price data to forecast some future behavior. In fact, I want to generate 3 types of GBM: 1. Pre-market activity, 2. Indayly activity and 3. After-market activity. This seems to me as the most diverse way for simulating future price movements. However, I have one concern. I feel like another financial crisis is about to happen. Also, I know that trend as Mu (let's say average growth) pays a significant role in building GBM. So, how should I save myself from putting too much expectation on that Mu? P.S. My guess is - to include history before FC which will lower my "average growth" but will it be really helpful for prediction?

algotrading

Noise and volatility are zero-mean and thus cancel out over large sample sizes, so your results will be entirely dependent on Mu and drift. Unless you’re doing this purely for fun / learning the basics of asset pricing, it’s a pretty useless exercise. Especially if you have no novel way to forecast Mu. Models of this type are often employed when analyzing risk for this reason.

85fxnj

Why do indicator based strategies are so poorly valued?

I believe the title says most of it. I started developing my automated trading algo a few weeks ago. I began this project to automate my technical analysis on lower timeframes as i find my TA strategy very profitable if used with a very tight risk/money management but humanly impossible to execute it perfectly and constantly. (which i think it is the reason behind most of the trading bots) What concerns me is that as i dig deeper into algo trading/quant finance research im starting to get really confused about my strategy. Every single document i read talks about order book based strategies, price action and machine learning algorithms. The thing is , altough i plan to dig into these kind of strategies in the future, what's wrong with an indicator based strategy (moving averages, macd, klinger oscillator, etc) combined with a very tight risk/money management strategy? (maximum risk per trade , leverage adjustment, inteligent stop orders placement, etc)

algotrading

Those strategies are ignored because they don't work. Indicators are like divining rods, superstition that people have convinced themselves work, but they really don't mean anything and when automate them and backtest them you find out why, they don't work. The only people who think they work are those who haven't backtested them or fail to backtest properly to avoid data snooping.

huw6ch

Broker with best commissions for 50-100 Million shares/month

I'm looking for brokerages that offer direct market access and can do better than $0.001 per share and $0.10 minimum per trade. Preferably with a well documented, easy to use API. I realize many brokerages require NDAs, but I'm just looking for names, not exact numbers.

algotrading

Speculating here but my guess is that almost no one on this sub is doing that kind of volume (would love to be corrected about that though!) You might be better off calling brokerages directly and asking what they can do for your specific situation.

ql1f36

What are the negatives of an investment property?

My girlfriend and I have two kids and it is looking more and more difficult for us to buy a house that fits the family. Our borrowing power is quite low as my partner is mostly at home with the kids. I'm on $ 90000 and have about 25000 savings. I've been thinking about getting an smaller place to rent as an investment. Has anyone bought an investment home before the one you live in? What are the pros and cons?

AusFinance

We're rentvesting - own a property which we have tenants in and then rent in the area we want to live. It's financially beneficial for us and we're able to get the kids into the best school. It's frustrating to still be renting when we own a house, but for now it's the best choice for us. There can be difficult times in between tenants when we have to pay both a mortgage and our rent, but fortunately that hasn't been too often.

f3h9zm

About to engage a financial planner.

I have an infant dependant, mortgage >$350k, no personal insurances (life or other), no real focus on my super, and no will. My partner and I have consulted a few planners and settled on one who we like. I know there are heaps of people who manage all the above aspects themselves but I'm after assistance for many reasons. r/finance what should I be aware on when engaging a planner?

AusFinance

IMO most financial planners at the level you are looking are glorified insurance salespeople. Ensuring you have income protection etc is wise and setup correctly (which competent planners will do), but try be careful of the planners fee structure and keep it cheap. They will get an insurance commission, try avoid ongoing fee arrangements if you can.

y5z6j1

Deposits of private vehicle sales --> returned on change of mind?

Should buyer get their deposits back? I feel like I might be the "unreasonable person"\* \* mod wont allow any more colourful language than this I am selling my car at the moment, and revieced an enquiry from an interstate buyer on Saturday morning. The car is being sold quite cheap for what it is, though still around 50k. They asked some questions, got confirmation of service history, condition etc, agreed to a price and paid a deposit ($1K). I removed the ad from carsales, and turned away other buyers as someone had put a deposit down. The stipulation on the deposit is that it would be returned if a major fault was found on a mechanical inspection by RACQ/RAA/RACV etc. I was very confident it would be fine, as it is a couple of years old and looked after, though very reasonable request from the buyer. This morning the person calls and says that they have decided they want a different colour, and would like their deposit back... I declined, and said that on change of mind I am keeping the deposit. I work away from home about about half the time, so time at home to sell the car is limited, hence wanted to get rid of the car this weekend. This clearly isnt the buyers problem, but also the reason the car was a good price.

AusFinance

You 100% should keep the deposit, and are 100% within your rights to do so! If the buyer "changed their mind" that's their problem. Don't pay the deposit if you are not sure you want to buy the car - especially for an interstate buyer. Who knows how many other potential buyers you missed because you took the ad down, in good faith? Did you tell other interested buyers that the car was sold as well perhaps? At a minimum, you will have to pay for a new carsales ad if you actually marked it as sold, vs just on hold? PS - when selling cars, this is one reason I usually refuse to accept a deposit, or take the car off the market, until the buyer has completed their inspections etc.

hhmibd

Recession or depression?

Ladies and jellygents, in your opinion (personal, amateur, professional or whatever) what's the likelihood we experience a depression over a recession?

AusFinance

Recessions are required to clear out inefficient businesses / sectors . The 'Creative Destruction' espoused by the Economist Schumpter ,the short of reform that would prepare Australia for a future of impending Economic and Ecological risks. Never waste a good crisis the saying goes ,However but the political economy that is Houses and Holes is so firmly embedded in the Property Population Ponzi that a change in the short-term is unlikely. So yes a depression is what I think will unfold, One which will leave permanent psychological scars.

uuxi61

Can someone touch on return of capital?

Hi guys, Some have said that it is just your money coming back to you. Others have said that it *can* mean that but not necessarily so. ROC can actually be a good thing: [https://www.youtube.com/watch?v=wsFe-KNyZZI](https://www.youtube.com/watch?v=wsFe-KNyZZI) For example, if NAV is going up this would be good ROC. This is supposedly present in a fund where total return is greater than the distribution rate/yield. On the other hand, bad ROC is when yield/distributions are greater than the total returns. Thereby eating away at the NAV over time. How do I figure out if a fund has good or bad ROC? [https://www.bmogam.com/ca-en/advisors/zdv-bmo-canadian-dividend-etf/](https://www.bmogam.com/ca-en/advisors/zdv-bmo-canadian-dividend-etf/) Take this fund for instance, it is a monthly dividend etf that increases distributions by 2% a year to keep up with inflation. 25% of yearly distributions is ROC. How do I know if this is good or bad ROC? Thanks.

investing

You put 100 bucks in. They give you 10 bucks a year ind distributions and 2.5 bucks is ROC. Now consider this scenario: You put 97.5 bucks in, they give you 7.5 dollars a year in dividends. Two scenarios are equivalent.

6j8gk5

Value Investing vs. Growth Investing

Stumbled upon this interesting article touching on value vs. growth - well in the author's words Correlation vs. Causation. In a nut shell the author makes the claim the PE Ratio is important but not as important as the price of the stock - he says that even if the PE Ratio is over 25 there are possibly still a few years left of stock growth. But many value investor will get out because of the soaring PE ratio. What do you all think? http://www.fearlesswealth.com/conservative-investments/

investing

Here we go again. For the purpose of prediction, we would obviously like to understand the underlying mechanism of how things work (i.e. causal relationships), but correlations and even correlations that are not causal can help us make prediction. [This previous post in this sub](https://www.reddit.com/r/investing/comments/5fd8q3/to_predict_the_stock_market_with_some_indicator_x/) explains why we don't need causation. Tl,dr: 'Correlation does not imply causation' is a True statement. But correlation can still help us predict things (and make money in financial markets).

6j8gk5

Value Investing vs. Growth Investing

Stumbled upon this interesting article touching on value vs. growth - well in the author's words Correlation vs. Causation. In a nut shell the author makes the claim the PE Ratio is important but not as important as the price of the stock - he says that even if the PE Ratio is over 25 there are possibly still a few years left of stock growth. But many value investor will get out because of the soaring PE ratio. What do you all think? http://www.fearlesswealth.com/conservative-investments/

investing

Value investing can take many forms. Just because a company has a "high" price multiple doesn't mean all value prospects are lost. For example, if you believe that AMZN's intrinsic value is greater than what the market is currently pricing in, then its "high" P/E of 188x shouldn't dissuade you from investing.

belaro

Parents used my credit card, now need to pay off £4260

Not sure this is the best place to post this. Just what the title says, I have an aqua credit card, parents wanted to use it for a car when we went to the US on holiday but never used it for that , have used it on other stuff. We're in Scotland. Parents can't really afford to pay it off, dad doesn't work. I earn about £800 a month. Just wanting to know what the best options are, I am incredibly stressed with it all.

UKPersonalFinance

Your parents can't afford it but get them a transfer credit card. Move their debt to their card and point them at this forum. Keep paying the minimum payments at the very least whilst you get a plan. If in education ask if they have a bursary, find the minimum to pass the course and increase your work hours. Look for a better paid job and more hours. If you live with your parents stop paying any bills and take it off the amount they owe you. If you rent, move back with them, don't pay any bills. Make your parents get a job.

tr6x7a

Were you already on the path to FIRE when you discovered the FIRE movement?

I have always been a saver, and I have always tried to live comfortably below my means. These are both tenets of FIRE I was doing long before I ever heard about FIRE. I maxed out my IRA starting from the time I had my first job right out of college. When I later got a job with a 403b/457b, I wanted to max them out, but couldn't. It took me a few years of building a side gig to earn enough money be able to do so. I have maxed out my IRA/403b/457b every year for the past five years. Meanwhile, I found the FIRE movement. Of course, I learned a lot from FIRE people, but perhaps the most important thing to me was realizing that others shared my goals. That others were working hard to save 50 or 60 percent of their income. That feeling of not being alone was very important to keeping me motivated. Recently I have had a similar experience with r/Overemployed. For the past 7 or 8 years, I have worked a full time job and several part time jobs, or even two full time jobs at once (with one being on-line). Doing more than one job is not an overwhelming amount of work for me because of efficiencies I developed in getting the work done. I didn't have a word for working lots of jobs, it was just a thing I did, but now I know a term for it, overemployed, and I am happy to find a community of people that are doing it, and that understand why I do it. So, were you already on the path to FIRE before you learned about the FIRE movement? I know that there are many people on this sub with one high earning job, but but how many of you are in the middle of venn diagram between r/FIRE and r/Overemployed? It's nice to know there are more of us out there.

financialindependence

I was actually just saving for a comfortable retirement when \*bam\* I ended up disabled. Fortunately, all that retirement savings (along with DH's SS and pension) have made it possible to live without cutting back on our lives. I will admit to not being very money savvy when I was younger. My CPA I hired when I was 25 convinced me to start reading "Money" magazine and open an IRA. That began my investing for the future. I wish I had started earlier, but I'm glad I started when I did.

ahqxjs

My kidney is failing. I have no life insurance, 3 kids and a wife.

As the title says, I'm in a bit of a tough situation. As it stands, I think I will be going into dialysis in the next month or so. The life expectancy on dialysis is 5-10 years, if I can't get a transplant, so, even though it may not be a great life, I feel confident that I will be around for a couple more years at least. That being said, I need a long term plan to be able to provide for my family. I looked into life insurance policies and it doesn't look (at least from looking online) that companies take people in my condition. I have a home and maybe just enough to cover a funeral but nothing beyond that. What's my best move? ​ edit: I have just read all of the comments and I received a lot of great advice and support from you guys. I'm really grateful for all of the effort put into the comments. Thank you.

personalfinance

Dialysis itself qualifies you for Medicare. You should at that point qualify for disability through your state and or possibly social security. Depending on your area there are some places that do dialysis at night while you sleep, and then can continue your normal daily life, but that is definitely not everywhere. Good luck. There are plenty of people I know who have spent decades on dialysis. Hopefully you can find a kidney and get back to normal life! Life insurance is gonna be the tricky part, if it’s not something your employer would offer.

b1i6wy

Jeremiah Nichol (/u/jtnichol) @ EthTrader's Community Member Spotlight

Hey fam, Welcome to the first talk of the series! /u/jtnichol and I just got off the phone! We had a great conversation thanks to the [questions submitted](https://www.reddit.com/r/ethtrader/comments/b0c2f5/the_ethtrader_member_spotlight_with_ujtnichol/). I'm using the built-in webcam so low resolution, but the audio quality is quite decent. **Link to YouTube: [https://www.youtube.com/watch?v=6I2rDQCF7Fs](https://www.youtube.com/watch?v=6I2rDQCF7Fs&index=3&list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L)** **Link to MP3: http://krokodilmannchen.belgianboy.com/ethtrader-series/jtnichol.mp3** **RSS feed: http://krokodilmannchen.belgianboy.com/feed/podcast/** # The questions (chronologically) ### Intro * Can you share a little bit about the place where you’re sitting right now? * Who are you and what are your interests? What is your background? * What, if anything, did you study? * Who do you look up to, and if it's nobody in particular, where do you go for advice? * Where can people learn more about you? (blog, youtube channel, twitter?) ### Yes/no * Do you regret hodling through 2018? * Is your faith in the system stronger than ever? * Do you hold conversations with your dog? * Ever met Vitalik? Gavin? Andreas? (impressions?) * Are you still keto? * Any of your family interested in crypto? ### EthTrader Questions (some have been grouped together) u/Trent_vanepps * What was the toughest time for the sub, in your opinion - both as a mod and as a general community member. Either a single event, a particular price, certain people. etc. Conversely, what times have you enjoyed your role as mod? * What can we do to make these times happen more frequently / strengthen the community? u/ruvalm * What is the most memorable of your Mod actions here on Ethtrader ? * If you could implement one new sub rule (let's call it Rule XI) what would it be? * Do you see yourself moderating /r/ethtrader in 5 years ? * What was the ETH bullish trend that you've enjoyed the most in our sub ? * Was there any moment that price action and consequent reactions to it in our sub discussions made you feel that you wouldn't want to be a Moderator anymore ? * How much did your work as Moderator increase from January 2017 to May-June 2017 (/r/ethtrader exploded maybe 10x in subscriptions during that timeframe) ? u/jkaykr * How were you first introduced to Ethereum? u/reterical * What is the latest on Devcon 7? And how can I help? u/slay_the_beast * You’ve been here a while, probably longer than most. * In what notable ways have you seen the ethtrader community change as the Ethereum blockchain has matured? * What would you like to see more / less of in this community over the next 2 years? u/soupdizzle1 * What's your "go to" KC style bbq marinade/rub recipe? * u/10231984 * Favorite meat to cook? Favorite things to check out/do in KC? u/ChazSchmidt * Are there any Ethtraders that you haven't heard from in a while that you wish would come back to the daily? heard from in a while that you wish would come back to the daily? * When you've had a day where redditors or students test your patience, what do you do to remain calm, blow off steam, or unwind? u/redbullatwork * What are some of the other crypto related youtube channels you subscribe to? u/redredditor * Favorite music? Favorite artist?* u/_lotuseater * We all know that you work in the US public school system, so it seems that extending some of your ethtrader mission to your real world job would naturally follow. * Is blockchain a current or future topic for your school's curriculum? * Do you think Educators in general have good awareness of the increasing impacts of blockchain and DLT on society and are ready to prepare our students for that future? * Aside from blockchain as a topic of study, do you also see any specific use cases for this technology in school administration? u/spcialx * What do you think about TA? Are you using TA yourself? * Whom do you follow on Twitter / YouTube and can recommend in terms of development but also price prediction * How much are you interested in price trends and price predictions or are you only worried about the /r/ethtrader community? (: * When do you expect ETH to hit ATH again (do you expect it at all)? * What do you think about the comeback of u/ScienceGuy9489 and his predictions? Do you share the cult? u/KathyinPD * Where in SE Kansas? Along old 169 lies Iola, Humboldt, Chanute, Coffeeville--all 💝 Norman Rockwell-ish settings w/ based, no-nonsense, solid folks as you seem to be. * Do you remember the area's invasion by Amazon with its headline-inducing, first-of-kind warehouse operation? It suddenly made small-town Kansans cool to be aligned front/center with raging new technology. * Did Amazon or any of the other Giants spur your devotion to tech? If so, how? If not, what did? ### Rapid Fire Questions * Old reddit or Redesign? * Hall&Oates or Fleetwood Mac? * PoS or $3000 ETH? * East Coast or West Coast? * Bitcoin or Bitcoin Cash? * Europe or Asia? * A dinner date with Roger Ver or Craig Wright? * A dinner date with Vlad Zamfir or Joe Lubin? * Another year like 2017, or another one like 2018? ____________________________ ## Mentioned in the talk https://www.ribbonfarm.com/2017/10/10/the-blockchain-man/ https://www.ribbonfarm.com/2019/02/28/markets-are-eating-the-world/

ethtrader

Good stuff. I hope this is more popular than the number of comments leads me to believe. I love how jtnichol isn't the typical crypto nerd type of guy you'd expect to be moderating a sub such as ours. Also, now I want to know how ruvalm is pronounced, haha. I can't be R U Valm, right?

9is51t

Terrible Token Tuesday - One guy literally bragged about investing in BitConnect.

Terrible Token Tuesday is Concourse Open Community’s weekly feature of the worst projects that came up on [ConcourseQ](https://concourseq.io/). The Concourse Open Community is also #buidling several interesting (non-terrible, we hope) projects in the space. Check out our [Discord](https://discord.gg/22E3YvP) for more on our very active community. **This week’s worst projects:** **Power Corp -** [**https://concourseq.io/Q/Power\_Corp**](https://concourseq.io/Q/Power_Corp) Power Corp is planning to issue a token that’s backed by a weird mix of cryptocurrency mining, precious metals and trading software, while one of its co-founders - a self proclaimed fund manager - recently listed on his personal website that one of his best investments was nothing less than the infamous BitConnect. Yes you heard that one right! (as of this writing, the co-founder’s website has been changed, but our research team saved a screenshot of the BitConnect reference for posterity) **First Investment Token -** [**https://concourseq.io/Q/First\_Investment\_Token**](https://concourseq.io/Q/First_Investment_Token) Normally, we’d applaud any project’s engagement of outside auditors. But not when we see that the auditing firm also serves as “Token Sale Operator” for the project it’s supposed to be auditing! Yep, First Investment Token’s “auditors” are the same people who’re organizing its ICO! But “hey,” you might think, “surely these auditors can rise above this potential conflict of interest and exhibit professional independence!” Don’t think that. These esteemed auditors have gone so far as to issue a letter to potential investors recommending investment in First Investment Token. We imagine regulators would have a few questions for this multi-talented auditing firm and this project. **Filo -** [**https://concourseq.io/Q/FILO\_ICO**](https://concourseq.io/Q/FILO_ICO) Filo is really a centralised (wanna-be) services platform that’s just pretending to be decentralised. We couldn’t make much sense out of the company’s business model. It looks like they’ve just listed a bunch of unrelated services in an effort to appear relevant to \*somebody\*. Or maybe we just don’t understand the synergies between services like ride-sharing, maternity services, and plumbing. Regardless, it’s impossible to overlook the truly terrible aspects of this project, which include (1) scant info about a seemingly fake team + advisors and (2) a heavily plagiarized whitepaper. **Land Layby -** [**https://concourseq.io/Q/Land\_Layby**](https://concourseq.io/Q/Land_Layby) We’re all for adding a touch of levity to otherwise serious matters, but the name “Land Layby” for a project that claims to address issues with property registration in developing countries simply doesn’t work for us. And we have no idea if the project itself will work - there’s no MVP or evidence of public development. What’s more, Land Layby claims that it’ll first launch in Kenya, but Kenyan citizens can’t participate in the token sale, and there’re no apparent partnerships with Kenyan authorities, which you’d think would be necessary for official recognition of new land registries in Kenya!! Needless to say, we’re highly skeptical that this project needs or deserves the $350 million it’s trying to raise. **Cryptyk -** [**https://concourseq.io/Q/Cryptyk**](https://concourseq.io/Q/Cryptyk) Cryptyk seems to be the work of one of the oldest (operating since 2014) Bitcoin scammers, and maybe the biggest one. Check out the link for more information on that notorious scammer and to see the many other red flags the community dug up about Cryptyk (including the project’s unsupported predictions of wild increases in the token’s price over the next few years). Come for the due diligence, but think twice about staying for the token sale! **Announcement:** Settle is the operating system for the new financial paradigm (Ethereum eating the world). We are taking registrations for the Settle Virtual Hackathon. $5,000 prize pool, judged by all of your faves (Evan Van Ness, Nadav Hollander, u/econoar, Ryan S. Adams etc.) Developing on Settle is LIT. Go here => r/http://settle.finance/hackathon. **And now some TTT oldies gearing up to raise money:** **Jibbit -** [**https://concourseq.io/Q/Jibbit**](https://concourseq.io/Q/Jibbit) Jibbit is really trying hard to convince the investor that through its token it will disconnect the cannabis industry from the financial system. Cleary that is not possible, as their token is 1) probably a security, and 2) doesn’t look very useful, due to the the fact that Jibbit is nothing more than a centralised company creating a token that will add friction to the platform possibly hindering its reach and adoption while having several security attributes will make it susceptible to regulations and legal enforcement. **BigBang-** [**https://concourseq.io/Q/BigBang**](https://concourseq.io/Q/BigBang) BigBang is apparently developing a gaming platform that as it seems will be on Cardano. Why choosing a not yet launched platform, is just an additional risk any potential investor will need to take, not mentioning the staggering $125M post-ICO valuation. **Ryfts -** [**https://concourseq.io/Q/Ryfts**](https://concourseq.io/Q/Ryfts) Ryfts is supposedly a gaming platform, but in fact, it seems like a scam that has at least one fake team member impersonating a Japanese restaurants chain owner. **Dresscode -** [**https://concourseq.io/Q/Dresscode**](https://concourseq.io/Q/Dresscode) Dresscode is creating the worst luxury marketplace, whereby each item needs to be check for authenticity by Dresscode themselves. The model could not be more centralized than that. **Deciser -** [**https://concourseq.io/Q/Deciser**](https://concourseq.io/Q/Deciser) Deciser does have an interesting idea, ie breaking up a decision into smaller questions to see their feasibility, but we don’t know anyone on this side of the universe that would pay for trivial questions like “should you buy a iPhone?” or “should I eat a pizza?”. **Triggmine -** [**https://concourseq.io/Q/Triggmine**](https://concourseq.io/Q/Triggmine) There is no reason other than getting easy funding that would make a company that does email marketing artificially stuff blockchain into its model while there are no apparent gains for using blockchain in their product. The ConcourseQ team would like to thank everybody that helped on these DDs and all the others! **If you want to join our community, meet us on our Discord:** [**https://discord.gg/22E3YvP**](https://discord.gg/22E3YvP)

ethtrader

This is great and all, but there's a million shitty ICOs and most people should realize that by now. How about also posting ones that look like they have promise? I'm sure you come across those too in your research. EDIT: On second thought, I know why you don't do this. If they turn out to be scams, then you look bad.

7n8azb

Modum.io - Mass production of 10,000 Sensors set up, signed contract with a $5+ billion revenue company. Next step CES 2018 in Las Vegas.

Modum.io is a very serious company in Switzerland what focus the supply chain of Pharma. With modum Sensors they can reduce current shipments cost up to 60%, because the only way for pharma to comply with temperature monitoring is to use expensive cold trucks, even for products that do not require cold storage. **Some Facts about Modum:** - Top ICO fully approved by Swiss Law - 43 Companys under NDA (Non-disclosure agreement) - Cofounder is Head of Sterile Packaging at Novartis - Advisors from the best Swiss Universities like ETH and University St. Gallen and Ex. Vice President of IBM for 6 Years - Partnership for Sensorproduction with Nordic Semiconductor - Modum evaluate what blockchain they will integrate. Candidates are: Ethereum, IOTA, Tezos, NEO, Hyperledger, Waves - Haven't touched their ICO savings worth of $40. Mio yet **Some Facts about the Market:** - >200 million Yearly shipments in the EU containing drugs. - 100% Must be temperature monitored due to EU regulations from 2013. - 4-8x More expensive is a cooled transport. - 60% Of those drugs are NOT temperature sensitive. - $ 3 billion Is the waste of money in the EU. Every year! **Pilot study:** During our pilot phases did we cover 5 potential customers from various segments with a total yearly shipment volume of 1.6 Mio. - 95% success rate - 10‘000 data points analyzed - 17 Sensors monitored 50+ deliveries [Closed contracts with $5+ billion revenue company](https://modum.io/ceo-update-december-2017/) [The Sensor](https://rf-design.co.za/nordic-semiconductor-powered-bluetooth-low-energy-data-logger-provides-verified-cold-chain-monitoring-temperature-sensitive-pharmaceutical-shipments/) [modum.io](https://modum.io)

ethtrader

Also,Nordic Semiconductor(provider of Verizon), a 1.2 Bn company, with over 140 patents is modum's sensor supplier:) https://www.nordicsemi.com/News/News-releases/Product-Related-News/Nordic-Semiconductor-powered-Bluetooth-Low-Energy-data-logger-provides-verified-cold-chain-monitoring-of-temperature-sensitive-pharmaceutical-shipments

7s3109

Mist and Ethereum Wallet client are terrible for such a popular crypto

At present the official Ethereum client is a huge barrier for new traders. It can take upwards of a week to sync and the git issue section is full of complaints from users who cannot even open the app because the dev's for some reason decided to program it so the splash screen remains in place if you're not synced or have any connection issues. I've synced twice but the client remains stalled with several hundred blocks remaining. I've turned the client onto beta mode and the problem persists. Using ssd, tried using another computer, just issue after issue. Googling these problems, there are hundreds of thousands of page results with many users experiencing similar issues revolving around syncing and sync stalling. Seriously, if Ethereum is going to be successful, it needs a working client that is well developed. It's one thing to have to sync gigs and gigs of data, but it's a huge pain in the ass when it stalls and then forces a resync or the client just stalls at splash screen while it's syncing in the background and you have no clue whether it's syncing or frozen. For example, [this guy on git](https://github.com/ethereum/mist/issues/3476) has been all over trying to push for this but so far nothing has come of it.

ethtrader

It only works well if you have an SSD instead of an HDD. If you do have an SSD, it may still present other problems. Yes, the UX is garbage right now. So much so that the widely recommended client is a website (myetherwallet).

6xen30

EthTrader ICO Review Result: Kin

Thank you to all respondents to [EthTrader ICO Review Request: Kin](https://www.reddit.com/r/ethtrader/comments/6x7pnq/ethtrader_ico_review_request_kin/). At this time there have been 41 responses, 14 of which chose to be verified. The results are as follows: * Score (all): **69%** * Score (verified): **72%** * Utility Flag (all): **3.39** (**fail**\*) * Utility Flag (verified): **3.77** (**pass**\*) * Security Flag (all): **3.24** (**fail**\*) * Security Flag (verified): **3** (**fail**\*) You can see the aggregation of the results using the multipliers [**here**](https://docs.google.com/spreadsheets/d/16rkyPqVsJQ3IqQa5qd5sJ4TiknGiZEZYN8vV8cebLfA/view#gid=1730244669). That spreadsheet is read-only so in order to adjust the **multipliers** to your preferences it would first be necessary to copy the **Results** tab into a new spreadsheet. \* Certain criteria (ie. utility & security) should pass a certain threshold of acceptability. The current threshold is 3.5. There has been some discussion that this is too high. Feedback is welcome!

ethtrader

It seems like given the relatively high score (relative to what I don't know.. but it seems a positive score) that people know there are major issues --see the failing flags-- but they just don't care and that we are in fact a bunch of wild, willy-nilly risk takers :)

4jxrgz

Slock.it proposal, what you should know.

There are some red flags that people should consider before voting for slock.it's proposal. -Slock.it want to rush their proposal ( no reason given) -Slock.it refuse to be transparent about their spending ( no reason given) -Slock.it community manager is misleading DAO token holders and spamming everywhere how slock.it is amazing. -Slock.it does not describe its project accurately and uses fancy words like the universal sharing network to influence people's decision ( which is just an app that list EC enabled device) see https://np.reddit.com/r/TheDao/comments/4jsrgw/is_the_universal_sharing_network_just_a_dream/ -Slock.it have ignored many important questions on this forum as well as TheDao's official forum. https://forum.daohub.org/t/slock-it-proposal-1-discussion-thread/539 If a proposal with so many red flags get to receive millions from the dao this sets a really bad precedent for future proposals and theDao's reputation as a whole. Some people here think it's ok to give them whatever millions because they build thedao, i strongly disagree with that kind of reasonning.. We should be as selective with slock.it's proposal as any other proposal. TheDao is a very new concept and the first decisions will ultimately be the most important ones.

ethtrader

By day 2 or 3 people have already started having doubts with Slock's proposal. I don't like the rushed timeframe, but it's also understandable; a month in the world of tech, especially crypto, is almost a lifetime. We need to look at the proposal objectively (both the code and the economics) and make a rational decision. At the same time, we cannot drag our feet through proposals in hopes of finding a unicorn eventually.

5z709m

New friends - don't panic buy and sell - there's some bad actors here during crazy times

People saying crash imminent are just bad actors. Short term changes, up or down, cannot be predicted. These people likely think they can drive the market, but the market is too big for posts on reddit to have an impact. What it may do is cause you, the innocent bystander, to overreact. Don't sweat it. If you like Eth's technical potential, and you feel it's undervalued relative to other blockchains, then buy. If you feel it's overvalued, sell. Read up. Personally, to me, any marketcap value less than Bitcoin is undervalued for Eth, but hey, I might be missing something. I pump long term based on merits. I'm blown away by Ethereum's rapid progress and unprecedented potential.

ethtrader

I'm not going to dismiss all technical analysis as 100% snake oil, but it's definitely not worth the amount of airtime I keep seeing it get on this sub. Everyone at some point gets an introduction in investing; people who start with coins are in for a wilder ride than others. Believe in the underlying and keep ~~holding~~ (hodling)

6o1yuc

Lesson Learned: When in doubt, always hodl

I sold all my etc at 153 and 170 during the crash, in fear of losing even more. Now that Eth is at 205, i bought back in. New Eth trader like myself, please learn from make my mistake. #buyhighselllow #feelsbad #alwayshodl

ethtrader

I am a "hodler". I agree that this time, this was the right move, but it is not always going to be the right move. I believe Eth has great fundamentals, and will either coexist with or usurp bitcoin in value increase along with revolutionising our digital lives in the background. There is one thing that everyone who hodls MUST realise however. **HODLING IS JUST A VERY AMBITIOUS LONG POSITION**. Don't let hopes of highly multiplied wealth affect your life if you need the fiat rather than the crypto. Equally, if Eth's fundamentals ever changed beyond repair hodling may only hurt your net worth. I'm not here to condemn the memes, nor shame anyone, but as the price is rising and this post will attract people to it I hope people read this and understand the nuance of hodling. **tl;dr** *Something something survivorship bias something something follow your dreams.*

7q5cgs

Taxes - finally getting it it all straight

Trading crypto for 4 years over 6 exchanges and not really knowing what the tax laws meant. For some of you in here who understand that the "power to tax is the power to destroy" - and have been in business long enough to know what the IRS is - that one thing you can't avoid. I'm 55. I fear that a lot of young folks will be destroyed - like a dragnet ... the IRS will eventually come to you. If some of you avoid taxes and get away with it - Great! The last thing I want to do is pay taxes - but it is part of the whole picture if you want to hold for the long-term. I have found cointracking.info to work really well. It took me about a month to get the exchanges linked up using API. I don't have all the balances right (Poloniex) is not right, but all the gains and taxes appear to be correct. The API allows for "read only" on your exchanges. I feel quite relieved to have gotten my head around this. I was paying in my taxes all along but not doing it right and neither was my tax service. But, now I got it. I was quite far behind. I just want to encourage folks not to be dishearted when it comes to figuring out your taxes. It can be done! If anyone wants a little help getting you on track - please don't hesitate to ask me. I learn by helping and want to help as many as I can to avoid being ruined.

ethtrader

Are you familiar with ENS names? They are similar to DNS domains, but they are written into the blockchain instead of controlled by any one entity. They were sold at a vickrey auction, with the winning bidder locking the bid of the next highest bidder into a contract and getting control of the name to do as they please. They can be used to point to an Ethereum address for deposit or reference, or really any other way that people can think to incorporate them into their smart contracts. My question is, how should a sale of one of these names should be taxed? I don’t believe it would count as a taxable event initially when the name is won, since the ether is locked up for a year and can just be returned if the contract is called. This means it is the exact same ether and was never exchanged for another asset, just put in a container. If a sale of a name nets a capital gain, could the profits then be taxed after the sale? Could it almost just be treated like mining, where the income is taxed? Would treating it this way also negate the ability to hold the name for more than a year and to then claim it as a long term capital gain? I have not sold any of these names, and intend to use them. But there may come a time that the value someone else places on it is higher than mine, and I’d like to inform myself of the implications that selling would have. If the initial winning of the name should be a taxable event in the eyes of the IRS, I’d like to know now so that I’m in compliance. Thanks for you help!

3wrqwm

Possibly scammed over $23,000 and extremely worried about

Just for the record I’ve been a reddit ghost for almost two years now, never posted anything, commented or even had an account. I would always just read. Currently I have a serious situation and reddit always seem to try and help. Right now I need all the help I can get. I looked up some auction sites because I was interesting in buying a car in an auction and saving some money. I came across AuctionAutoUsa. Everything checked out, they seemed legitimate. I’ve been saving up for years now and finally decided now is the time to buy a car. I signed up for an account. Right away a vehicle caught my eye and the down payment required prior to bidding was $2300 because the car was most likely going to go for over $20,000. After a few days they called me and we started the bid. To my surprise we won the car I wanted :D The winning bid was $23,600. I then wired them the rest of the money from my local bank account. (In Canada) They then called me a few days after and said there was problem with the current owner of the car and he did not pay some fees to copart (Where the cars are held) Long story short the car deal got cancelled. I understand things like this happened and I accepted it. We then bid and won another vehicle. I watched them bid for me on copart so it was authentic. (AuctionAutousa is basically a third hand man that bids for people on auction sites in case people do not have a dealer license). I then drove all the way to Houston from Hamilton (Over 22 Straight Hours) to pick up the new car that I’d won with AuctionAuto. ( They are located in pennsylvania but the internet auction they were doing for me was in Texas). After I arrived in texas they called me again to let me know the agent on behalf of their company that bid for me got fired because of some internal issues and the cars he bid on did not register. All this came to light after I arrived in Texas. I then asked for a refund and they agreed. Its been almost a month now and still not refund. Whenever I call they ignore, whenever I send an email they ignore. One guy finally replied and said he does not work for them and that I had his personal number should stop messaging him. He also said they are going out of business and the owner was out of the country… I have no idea what to do. I went to the Hamilton police and they literally laughed and said I should not have tried purchasing a car online, so I thanked them and left. The problem is 23000USD is close to 30000CAD, I been working a long time for that and that’s literally all I had and was saving it for a car because I love cars. What should I do? Call the FBI, CIA, RCMP, Mall Cop, Marine Corp, Army? Any help or tips would greatly be appreciated. Also a side note these guys all had Russian accents and are Russian I’m 99% sure. If they just take my money and leave the country after filing for bankruptcy the money pretty much gone isn’t it.. Edit I called a car company that is near there location and they said its in fact a real company and they purchased over 50 cars from them alone. However the last 2 months they been really slow in payments and they have issues with about 20 cars. What I think is going on is that this company did exist and was fully operational at one point, thing starting going downhill and now they are just taking everyone's money and bailing.. So essentially a real company that turned into a scam. EDIT/UPDATE 2 Someone in that area went there and took some pictures for me. http://imgur.com/a/NQQyb Edit 3 Some people are claiming this is fake. Here is screenshot of my account activity. Please note its in Canadian thats why the wire is a lot higher than $23000. The first two payments were deposit and the large payment was the wire. http://imgur.com/a/32aoo

personalfinance

You can consult an attorney but everything you describe makes this sound like a scam. Scams like this typically quickly move the funds out of Canada or thr States and the key players are overseas. If it is a legitimate business going bankrupt you could try suing for recovery, but everything you posted makes it sound illegitimate and a scam. Unfortunately, i think this may end up being a very expensive lesson in being more careful in high dollar transactions with strangers. I am sorry you got tricked. This sucks

zlj15z

The ongoing attack against GME, and why I think we are not (directly) the target

**TL;DR: I suppose that the ongoing coordinated attack against GME sets the condition for renewing 2-years swaps from the Sneeze in acceptable terms for the hedgies (or to be able to roll them at all), and to appease swap counterparties (banks). We may experience huge discounts in the very near future.** What we are witnessing now is an all-out attack against our beloved stock - the most obvious clue is the coordinated DRS manipulation attempt, complete with the price hammered down on no news. But why, and why now ? Since the DRS manipulation was kind of rushed (a slow, steady decline wold have been much more credible), I think the hedgies have a deadline to meet soon. Here is my theory : they are setting the conditions to renew their 2-years swaps from early 2021. The goal of the swaps is, presumably, to hide the short interest in GME - the short position appears in the books of the counterparty of the swap, against a fee paid by the hedgie. Moreover, as far as I understand, the hedgies still assume the risk of their short position, because they must pay back to the counterparty at due date whatever loss the position incurred, but if the hedgies default, the counterparty is left holding the bag. Since the 2-years swaps must be rolled soon, they must make them acceptable for the counterparty (nobody wants to be on the losing end of the MOASS-swap) and not too expensive for themselves. Hence : * pretend the situation is firmly under control : manipulation of DRS numbers to make the impression that apes are selling, press articles about "retail capitulating" and Citadel making a "stellar year"... * hammer down the price of GME as hard as possible, so that the swap is not losing too much money at maturity. The short term goal is to let the charade continue by hiding the short interest, the long term goal, if push comes to shove, is to ensure that the banks are left holding the bag, like Crédit Suisse did. My problem is, since I don't know shit 'bout fuck, I ignore when the swaps were established and when precisely they are due - hopefully an adult with some knowledge will cast some light. But I assume that we will still see very large discounts in GME price in the near future.

Superstonk

If what you're saying is true, the opposite may be true as well. Jan 2023 presents a very interesting window when SHF are very vulnerable. I think RC is somewhat aware of this too, given his towel calls expiry. His last buy in March also timed well with one of the cycles if I recall. Let's see if we get news or insider buys between now and the swap rollover that would actually get us to burst up, forcing SHF to make their swap in less favorable terms.

c777wa

Warning: Do not hold Chainlink long term

I'm a developer and I looked over the Chainlink white paper and documentation, as well as the blog post by Google. Here's a few reasons I would not use Chainlink for my own apps: 1. The current "mainnet" is not decentralized. there's no way to decentrally assess if an oracle is any good or not. 2. It took them 2 years to basically build centralized oracles, which is extremely unimpressive (and already exists). I do not have much hope for the future or the competency of their engineers. 3. The white paper doesn't coherently describe how they plan on making their centralized design decentralized one day. They broadly go over their "decentralized" reputation strategies as if creating sybil resistant decentralized reputation is something of an afterthought, when it's actually an unsolved computer science problem. They've had 2-3 years and 30mil in funding to actually publish technical specifications for this and instead they decided to build trivial centralized oracles. Extremely worrying. It kind of reminds me of IOTA "we'll remove the coordinator later". No you won't. You don't know how. 4. News outlet and journalists keep reporting on "partnerships" with Google and Swift. But if you actually read the source for the "partnership", it's just a blog post by Google Cloud that promotes their own service (BigQuery) and shows an example about how Chainlink users can use Google Cloud if they want. In no way is Google partnered or planning on using Chainlink themselves. The Chainlink codebase is extremely trivial to rebuild if Google wanted to get into the blockchain oracle space. While there's certainly profits to be made by trading Chainlink, I recommend you do not HODL it with the hope that one day developers will adopt it as their source for decentralized oracles. That certainly won't happen.

CryptoCurrency

For anyone wondering why Chainlink is pumping: * Coinbase [announced](https://twitter.com/coinbase/status/1144646928694595585) trading of Chainlink. * Oracle, the second largest software company in the world ($9.2 billion revenue), [has announced](https://www.youtube.com/watch?v=tb1siyB6r_I&app=desktop) a collaboration with Chainlink to enable 50 startups to sell their data on the Oracle Blockchain Platform. * [Mainnet is live](https://blog.chain.link/chainlink-live-ethereum-mainnet-connected-consensus/) on Ethereum, having successful passed [three independent security audits](https://github.com/smartcontractkit/audits). * [Chainlink presenting](https://sched.co/RHLj) at the Microsoft campus in Redmond, WA on August 3rd at TruffleCon. * Enterprise blockchain company Dapps.Inc integrated Chainlink to enable Salesforce ($13 billion revenue company) users accurate, real-time data feeds for smart contract management. [Medium article.](https://medium.com/@dominic_60828/dapps-inc-collaborates-with-chainlink-to-enable-salesforce-users-with-accurate-real-time-data-907defcba2bd?_referrer=twitter) * Google Cloud integrated Chainlink into their approach to smart contract adoption. Google Cloud users can now use Chainlink to connect to BigQuery, one of Google's most popular cloud services. [Google Cloud blog post](https://cloud.google.com/blog/products/data-analytics/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud) and [Youtube announcement](https://youtu.be/Fr1PMIBguwM?t=47). * Reserve Protocol, backed by among others Coinbase and co-founder of Paypal Peter Thiel ([source](https://reserve.org/investors)), partners with Chainlink to bolster the future of decentralized stablecoins. [Medium article](https://medium.com/reserve-currency/reserve-partners-with-chainlink-to-bolster-the-future-of-decentralized-stablecoins-5d486f37e92b). * Microsoft breadcrumbs: [1](https://www.linkedin.com/in/yorkerhodes) / [2](https://twitter.com/yorkerhodes/status/1124377885375127552?lang=en) / [3](https://twitter.com/yorkerhodes/status/1126549313411268614) * Amazon Web Services breadcrumbs: [1](https://twitter.com/lana_VK/status/1142843275767930887) / [2](https://www.linkedin.com/in/kalashnyk/) \---------------------------------------------------------------------- Chainlink is partnered with: [Matic](https://medium.com/matic-network/matic-partners-with-chainlink-15f9d5cb87df), [Hedera Hashgraph](https://twitter.com/chainlink/status/1126519590425468928), [IOST](https://twitter.com/chainlink/status/1126179886631010306), [Streamr](https://twitter.com/chainlink/status/1122879772001017861), [Ocean Protocol](https://twitter.com/oceanprotocol/status/1122767501220356096), [Data Sports Groups](https://twitter.com/chainlink/status/1108724011117228032), [Synthetix](https://twitter.com/synthetix_io/status/1105355591361298432), [Provable (Oraclize)](https://twitter.com/chainlink/status/1103729595218579456), [Celer](https://twitter.com/chainlink/status/1096077609761267712), [Bodhi and Naka Chain](https://twitter.com/chainlink/status/1093244722599153664), [Katallassos](https://twitter.com/chainlink/status/1091093059755016192), [Zeppelin OS](https://blog.zeppelinos.org/chainlink-partnership/), [Accord](https://medium.com/@accordhq/smart-legal-contracts-and-oracles-36d4eb538a92), [Town Crier](https://twitter.com/chainlink/status/1058012081809747968), [Open Law](https://medium.com/@OpenLawOfficial/openlaw-teams-with-chainlink-to-bring-real-world-info-to-smart-contracts-4e7a3dac80a8), [Market Protocol](https://medium.com/market-protocol/market-protocol-and-chainlink-team-up-to-enable-off-chain-asset-trading-on-the-ethereum-network-72c3ff4a3e1c), [Gamedex](https://medium.com/gamedex/decentralized-oracle-service-chainlink-partners-with-gamedex-on-smart-contracts-9b516ddd51b9), [Olympus Labs](https://medium.com/olympuslabsbc/olympus-labs-and-chainlink-integrate-decentralized-oracles-into-financial-products-for-reliable-17ad07bc5c80), [Web3 Foundation](https://medium.com/web3foundation/web3-foundation-and-chainlink-announce-partnership-df55ed462a3a), [Morpheus Network](https://medium.com/morpheus-network/morpheus-network-partners-with-leading-decentralized-oracle-network-provider-chainlink-for-b6d197637ce1), [Kaiko](https://medium.com/@kaikodata/kaiko-partners-with-chainlink-to-bring-cryptocurrency-market-data-to-smart-contracts-1a2f9f428465), [XYO](https://twitter.com/chainlink/status/1130538245333426184), [Wanchain](https://medium.com/wanchain-foundation/wanchain-adds-real-world-data-in-partnership-with-chainlink-a7ecf919e181), [STK](https://medium.com/stk-token/stk-to-use-chainlink-to-bridge-real-life-data-with-blockchain-e960df06ca3a), [Hydrogen](https://medium.com/hydrogen-api/hydrogen-partners-with-chainlink-fc058a3fd477), [Kaleido](https://kaleido.io/kaleido-launches-blockchain-marketplace-with-plug-and-play-services-and-solution-partnership-program/), [bZx](https://medium.com/bzxnetwork/bzx-teams-up-with-chainlink-5b9649e8c241), [V Systems](https://twitter.com/chainlink/status/1141531537269297152), [GoChain](https://medium.com/gochain/gochain-collaborates-with-chainlink-to-integrate-oracles-24b202ca264c), [Harmony](https://medium.com/harmony-one/harmony-to-partner-with-chainlink-for-off-chain-connectivity-fc0372819aca), [Shyft](https://medium.com/shyft-network-media/shyft-network-attestation-layer-to-integrate-chainlinks-oracle-network-for-secure-and-reliable-caf2dd3978f) \---------------------------------------------------------------------- Older news: * Chainlink continues to work with [SWIFT](https://www.swift.com/) (recently reconfirmed by Rory Piant of the Chainlink team) / Chainlink purchased Cornell University's [Town Crier project](https://www.forbes.com/sites/darrynpollock/2018/11/01/cornells-town-crier-acquired-by-chainlink-to-expand-decentralized-oracle-network/#7f3af7c28543) / Chainlink had some great press at [MIT Technology Review](https://www.technologyreview.com/s/612443/blockchain-smart-contracts-can-finally-have-a-real-world-impact/) and the [Bill and Melinda Gates Foundation](http://www.iftf.org/fileadmin/user_upload/images/ourwork/Food_Futures_Lab/IFTF_Good_Food_is_Good_Business.pdf). Current advisors include: * Tom Gonser (Founder of Docusign), Evan Cheng (Director of Engineering at Facebook), Ari Juels (Professor of Computer Science at Cornell) & Hudson Jameson (Ethereum Foundation) \---------------------------------------------------------------------- Here's an infographic explaining how Chainlink works: [https://i.redd.it/8xv17l4q4ll11.jpg](https://i.redd.it/8xv17l4q4ll11.jpg) And why it's needed: [https://i.imgur.com/h7hMOvz.png](https://i.imgur.com/h7hMOvz.png)

2vro8y

Mycelium and Google Play: Recap of what happened

On Tuesday, February 10, 2015, we received a note from Google in regards to our app, stating: > This is a notification that your application, Mycelium Bitcoin Wallet, with package ID com.mycelium.wallet, has been removed from the Google Play Store. > REASON FOR SUSPENSION: Violation of the paid and free provision of the Content Policy and [section 3.5](http://www.android.com/us/developer-distribution-agreement.html#pricing-payments) of the Developer Distribution Agreement. Please refer to the Third Party Payments help center article for more information. That particular section states: > 3.5 You may also choose to distribute Products for free. If the Product is free, you will not be charged a Transaction Fee. You may not start charging a user for a Product that was initially free unless the charge correlates with an alternative version of the Product. The Payment Processor must process all fees a Developer receives for any version of a Product distributed via the Store. Since that text is a bit vague, we were not sure exactly what it applied to in our wallet, and were guessing it was one of three things: 1. LocalTrader fees 2. Addition of the option to choose your bitcoin transaction fee that Google may have thought we charge 3. Donation button We requested for a more detailed explanation, and were told we would hear back within 72 hours. On Thursday, February 12, 2015 we received a follow-up that stated the following: > We appreciate the opportunity to review your appeal. > Donations may only be collected within an app under specific conditions. The donation must be facilitated via a web browser, and any collection made through a secure payment system. Donations are only permitted for validated non-profit charitable organizations (for example, a validated 501(c)(3) charitable organization or the local equivalent). After a regular review, your app has been administratively suspended pending verification that you are an eligible and currently certified charitable organization. > In order for us to process your appeal, please attach a copy of your organization’s IRS determination letter or other acceptable proof in your reply to this notification. The provided information must indicate your status as a charitable organization. > Please be advised we will not be able to reinstate your application without the above documentation. So, **the issue turned out to be the donation button**, which is the easiest thing to fix (we just remove the button), however, Google's stipulations of making us prove that we are a charity, "or else", made us think this would be very difficult to get out of. We replied with an explanation stating that > We were not aware of the fact that giving users an opportunity to donate to the developers is violating the agreement. > 1) Bitcoin software is very sensitive to malware. If a software would imitate our brand and upload a backdoored version, users would unwillingly send money to it. This risk is partly mitigated by many links pointing to the existing package name https://play.google.com/store/apps/details?id=com.mycelium.wallet - if we would create a new app, users would not know that this is not a malicious version. If the application stays blocked, we might see someone taking advantage of the situation and uploading a fake version under a new ID, to trick users into thinking a it was provided by us. > 2) Leaving users on old versions is a potential security risk for their bitcoins. We do need to provide security updates, like in the case of the SecureRandom bug. The Android Developers described the problem at. We are constantly in touch with the security community and were able to provide patched versions minutes after the disclosure of the 0-day exploit. If there would be a similar incident and we had users stuck on the old version, users on Android would be at risk. This morning, Google replied letting us know that they have accepted our appeal and have reinstated our app. We have removed the donation buttons from all our versions (beta and final), and just as a precaution set the LocalTrader fees to 0% as well. Our wallet app should be back up on Google Play by now, and we are glad to have this episode behind us. If you are a developer too, please keep this donation thing in mind as well. And finally, thank you very much for all the support we have received from our users!

Bitcoin

You guys are building the best wallet out there, it's the first one I recommend to friends (even over Coinbase's wallet, which isn't too bad). Keep up the good work, and thanks for the detailed report.

qqyhrc

What is happening in the sub??

Intro: explicit language, opinions, and non financial advise. Seriously, the “catalyst to moass” “crypto this” “coins” “100% guarantees” “ Ryan doesn’t care” It’s all obvious FUD statements found on TOP posts today and yesterday that are NOT tied to $GME!!! All guaranteeing “moass will happen from this instead” or shit like “we should also invest in this” “cohen would have already dropped an NFT” We know DRS IS THE WAY, what in the fuck are we doing getting distracted. I’m fucking sorry but I’m not a retail investor that gets a boner from shiny objects. I’ve dropped $1000 into $GME every 15 days for 6 months straight. Personally I’m NOT buying anything that’s not $gme, it’s the ONLY play that’s getting me $50m a share. Hold, buy, drs. I’ll be back later, but this sub has pissed me off for today with the blatant FUD being disregarded everywhere..

Superstonk

I have seen several times as many posts complaining about the mention of LRC than I have seen posts about LRC. It's getting ridiculous. Just downvote and move on. If the MODS were going to ban mention of LRC they would have by now. They are aware of it, they will ban it if they choose. It's getting annoying, the constant paranoia and attitude that if absolutely any mention of money spent on anything besides shares of GME between now and MOASS is "aGaiNsT thE rULeS". Toys for tots? Fuck you buy more GME! LRC? Fuck you! Groceries besides ramen? Fuck you! By this logic, take all mention of Fidelity to the Fidelity sub. DRS? Take it to the Computershare sub. GameStop? Take it to their sub. Loopring? You guessed it. Maybe LRC coins will be used in GameStop's marketplace, maybe they won't. But, it's disingenuous to act as if the fact that LRC is the official coin of the company we all know will be running GameStop's marketplace "is a distraction". I have the ability to remember to DRS as well as be curious about Loopring's coin. You know how I found out about LRC initially and decided to pick some up? A post complaining about it two weeks ago.

tvopfs

Remember the Computershare employee who responded to an e-mail about an NFT dividend, and they said something to the effect of "I believe they're still working on it and haven't made any announcements yet"

Does anybody remember the email that was sent to the Computershare rep last year, asking about an NFT dividend from GameStop, and the rep's response was somewhere along the lines of "I believe they're still working on that and haven't made any announcements yet". They then played it off as an "oops" or that person was mistaken or something like that. It's feeling more like a leak these days 😬

Superstonk

Ah yes, here it is. It was "debunked" - but if you look at the response email, the Computershare rep seems pretty straight forward. https://www.reddit.com/r/Superstonk/comments/pyqtdm/gamestop_nft_dividend_confirmation_from/?utm_medium=android_app&utm_source=share

ud1zqr

If you read this, amazing! You are still in cryptocurrency.

The market wears people down. Most of the retailers in the market have been leaving crypto, for now. Last approximate 1.5 years a lot of hype was present and a lot of retailers joined the party for quick gains. Now that the market topped at the last all time high, and we have been in an accumulation range for a long period, most people looking for gold have given up. Or they have been liquidated. Throughout the, brief, history of bitcoin (and cryptocurrency in general) there have been multiple periods like the one we are in now. Historically, these periods were followed by new jumps of the market to new highs. If you are reading this, you haven't given up. Or at least you shouldn't. Be careful now with any trades you make. There are roughly three things you could do. Hodl and wait. Sell most, if not all, wait for a definitive bottom and buy in after confirmation. Or wait to buy in when upper resistance levels have cleared and the markets are in a bull run again. All of the above, I believe, will yield you good gains in coming 6-18 months. Not something I can guarantee obviously. But look at adoption, growth, technology emerging in the crypto industry. There is no doubt for me it will be used more than ever in the future. Stay calm. Be patient. Being here puts you in a favorable position in comparison with most.

CryptoCurrency

It can seem scary but if you are thinking, the red candles shpuld be welcome. A time to accumulate. How many people in last bull were saying 'I wish I'd bought in September's similar. Now we have an extended time to buy relatively low (hopefully!).

rlbh93

Daily FI discussion thread - Tuesday, December 21, 2021

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

financialindependence

It’s great when you receive an overwhelmingly positive performance review with nothing but praise from several managers contributing to it, only to receive a “Meets Expectations” and 3% COLA increase. But that’s the game we play…

kz3sfy

Daily FI discussion thread - Sunday, January 17, 2021

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

financialindependence

I didn't get a paycheck this month, so I went into my company's hr system to view my check and it said all of it had been withheld as a 401k contribution. I though that was weird. Turns out, I changed my 401k contributions from a % to a flat $19,500 per year, or so I thought until I noticed Transamerica had fine print that said "all values expressed as per pay period". I feel like they should make that a little easier to notice...

a30sb4

Trump’s ‘incredible deal’ with China doesn’t appear to exist

"when the president announced publicly that China “has agreed to reduce and remove tariffs on cars coming into China from the U.S.,” Trump was either badly confused about a policy he really ought to understand or he was lying." http://www.msnbc.com/rachel-maddow-show/trumps-incredible-deal-china-doesnt-appear-exist

stocks

I didn't think there was any deal made... Just a 90 day truce in which tarrifs on both sides wouldn't be raised until a deal is met on both sides. "This weekend's agreement gives the two countries until April 1 to negotiate trade terms on issues the White House says will include forced technology transfer and intellectual property theft.  If no agreement is achieved, the U.S. tariffs on $200 billion in China-based goods would increase from 10% to 25%.". So, no actual deal of any kind has been reached. Just a temporary truce, with time to make changes. Intellectual property theft is a pretty serious issue. I'm someone who used to shop a good ammount on Dhgate and alibaba for goods. So many counterfeit goods and stolen brands, devices, ect. Edit: did a commenter below me REALLY say the market is bad? Jesus christ lol. I wish I had more invested 5 years ago.

kve3g1

I'm so upset. I just waited in line for over an hour at a food bank and when I was near the front they told us they ran out of food to give.

Nobody should have to go without food. When I have money I swear I will donate to food banks to make sure everybody who is in need is able to get some.

povertyfinance

Understandable...I sometimes volunteer at mobile drive-thru food banks...sometimes food runs out, sometimes we ration so everyone gets at least something, sometimes there is so much extra people don’t have enough room in their cars for double or triple portions.

tuoqe3

HMHC - buy OTM calls $22.50 Strike - we will WIN the fight

Some have claimed on Reddit the reason they extended was to secure the financing and that’s when the institutions will tender their shares… However, this seems to be untrue based on the info provided below. This is not fun to read, but is very important to understand that Veritas already had the financing lined up prior to the extension. “We do not believe our financial condition is material to your decision whether to tender your Company Shares and accept the Offer because (a) the Offer is not subject to any financing condition, (b) if we consummate the Offer, subject to the satisfaction or waiver of certain conditions, we have agreed to acquire all remaining Company Shares (other than Company Shares (i) owned by the Company or any of its wholly owned subsidiaries (including Company Shares held as treasury stock), or (ii) owned by Parent or any of its wholly owned subsidiaries, including the Offeror, in each case, immediately prior to the Effective Time) for cash at the same price per share in the Merger as the Offer Price and (c) we have all of the financial resources, including committed debt and equity financing, sufficient to finance the Offer and the Merger. Debt Financing. Parent has received the Debt Commitment Letter from certain lenders to provide (i)(A) a $1,480 million first lien senior secured term loan facility and (B) a $250 million first lien senior secured revolving credit facility and (ii) a $390 million second lien senior secured term loan facility.” https://www.sec.gov/Archives/edgar/data/1580156/000119312522067021/d282197dex99a1a.htm#exa1a282197_15 The facts are continuing to play out that Veritas is scared. They extended 5 days to try getting more institutions to tender. They only need like 80% of their largest holders to tender and they can lock up the 50%. If they had those institutions locked in on the deal there wouldn’t be reports of individual shareholders getting phone calls because they are immaterial in this vote. So keep buying shares at $21 or less. But the real upside is in the OTM calls $22.50 strike in hopes they up the offer or back out of the deal. It’s going to be boom or bust as soon as we find out the tender % count that’s suppose to be on April 6th. Lambos or food stamps. LFG.

options

Cultists rarely do well. There isn’t a “us vs them” in the market. It’s a romanticized idea to make you think you’re the hero of the story. There’s no hero. There isn’t even a story. It’s just other people making money off of people like you.

xmo46b

What if GME and RC have been waiting for the market downturn to buy more?🟣

So with the market getting smashed due to illiquidity and lack of collateral the funds and institutions are having to rebalance. Lets say GME isnt something they want to keep and they sell off. Not only will retail buy whats being sold but when the percent of institutional ownership drops…. What if its scooped right back up by rc or gme… Anyways DRS cause they have rigged the system to the point that the only solution available to retail is to register their assets in their own name. (This should be normal. Own what you buy not rent what you have already paid for at a constant loss) GL HF Hedgies and GG. We already won multiple times over. We are just waiting on who’s stuck with the bill🤣 Ill be gaming until i notice my acc go into the billions and then when RC is a googlianaire. That’s a 1 with 100’ zeros after. Ill then giggle and then continue gaming while you age, cry, stress, etc. get fucked. Tldr: institutions sell off gme. Gme and rc buy institutional sell off. Hedgies fuk no matter wut Dear shills: there is no time prediction and stating that the idea of RC ventures, Larry, or GME buying more shares back is not something that will happen is outlandish. To your point NOONE KNOWS what will happen except the people making decisions. Noone on this sub has a voice that should be more powerful than anyone elses just because you disagree. Sensitive ass ppl

Superstonk

My feeling is Rc is waiting us to register more shares Then Rc and gamestop will buy the remaining shares No public float remains Institutions also know gme is building fucking empire, They Are not going to sell

qvtezo

Schools Showing Anti-Crypto Propaganda to Students

I thought some may be interested in this. My son told me that the student news channel they watch was on the topic of crypto today. He said it was all about how crypto mining and NFTs are destroying the environment and causing climate change. He said they also talked about people getting paid in crypto. The episode suggested that paying people in crypto is some horrible inhumane practice because it’s unstable. Just to be clear, I haven’t seen this myself but I trust that my son wasn’t making this up. He said he thought that some of the things they were saying weren’t true so he was looking for clarification on it. Personally, I find it a little disturbing that they’re misrepresenting and showing only one viewpoint on this technology to middle school children. A lot of them just blindly believe what they’re told because they haven’t developed critical think skills at that age. Update: I asked my son what the news they watch at school is called and I have the exact video in question. What they’re watching is CNN 10, “an on-demand digital news show ideal for explanation seekers on the go or in the classroom.” I have some people complaining that I’m just calling fair criticisms propaganda. I’ll post the link and you can watch it yourself and decide if it seems fair to you. https://www.cnn.com/videos/cnn10/2021/11/14/ten-1115.cnn I don't want to respond to everyone who is telling me everything in the video is true so here is my explanation for what I personally think is wrong with the way the video presents the topic. Keep in mind that I hadn’t seen the video myself before posting this. I posted the link for people to judge themselves. Personally, I think the video is extremely biased. The host briefly mentions a benefit of crypto but then immediately brushes it off and starts debunking it. The video also gives the impression that government oversight and regulation is not only good but necessary for a currency to work which I believe is at the very least subjective opinion and probably downright false. Finally, the thing about buying an NFT using the same amount of energy as driving 500 miles is false. That’s not how ethereum works. The host also acts as if banks, state and Federal governments and the Federal Reserve don’t use electricity. I don’t think bringing up electricity is a valid criticism of crypto unless they’re going to compare it to the existing financial infrastructure.

CryptoCurrency

Unpopular oppinion: I want people - especially teenagers - to know about possible downsides of cryptocurrencies. We have seen a wonderful upside trend in recent months and will most likely see it continue some more. ...but eventually there will be a crash and some teens that YOLO'd the family savings into dog money and a picture of a monkey will be severely burnt.

m377rp

AMC vertical spread

AMC seems pretty closely correlated with GME stock, but regardless it has a high volatility. Why not just buy a put and a call on the stock, since it will more than likely rise or fall in the near future rather than go sideways, so that the increase in IV positively affects the extrinsic value of both the put and the call? That way if it goes up or down, you profit off of one option more than you lose from the other due to the positively affected EV on both options. Edit: as pointed out by commenter, I am suggesting a strangle on the AMC stock Edit 2: okay so my original post applies to both strangles and straddles, as they work similarly; just depends on your timing. Sorry for the misleading title I’m smooth brain af and still learning, thank you to all the commenters though your help and informative discussion is why I love this subreddit Also here’s the [difference between strangle and straddle option strategies](https://www.investopedia.com/ask/answers/05/052805.asp) in case anyone needs the information

options

You’re right - you will end up making money and stay net positive but it will be slow profits. Plus, you have to consider the theta decay as you move closer to the expiry date. You wanna be careful as to when you sell both the call and put options on AMC because the closer you get to the expiry date, the more risk you run of losing all of your premium on BOTH options.

vmohdf

Where to start?

I'd like to learn more about the different strategies people employ on here and realistic returns etc. If someone can point me to some material, that would be greatly appreciated. Thank you.

thetagang

I learnt from youtube mostly - InTheMoney, Everything Options and Tasty Trades.. these are some of the youtube channels that may help you! Apart from that, keep reading the sub and people's post and you'll get the hang of things.

ollssc

What’s the point of debit spreads?

Just recently started playing around with credit spreads on a paper account to get the feel for it. Seems pretty straight forward, collect your credit and only take on a limited amount of risk. So it got me thinking what’s the point of debit spreads? Why would someone want to start out the trade with a debit? Wouldn’t it always make more sense to run a credit spread? For example, If I’m bullish instead of doing a debit call spread just do a credit put spread. That way you start out with a credit. Obviously there is something I’m missing otherwise debit spreads wouldn’t be a thing. But after looking for a while I couldn’t find any solid answers. so hopefully y’all with more experience can teach me something.

thetagang

Credit and debit spreads behave differently from changes to IV, and can cost more/less to enter the trade depending on IV as well. [https://tickertape.tdameritrade.com/trading/option-credit-spreads-option-debit-spreads-17838](https://tickertape.tdameritrade.com/trading/option-credit-spreads-option-debit-spreads-17838)

qkzcac

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

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

thetagang

Well, well. I was wrong. Got murdered by AVIS. The worst and most blatant “short squeeze” on a non-meme, non-biotech stock I’ve seen. Broker closed position at 38k loss on 2 calls. Months of careful and methodical gains wiped in 10 minutes. The lesson, not that I even needed it, is fuck earnings plays on the call side. Who, possibly, could have seen this going to 500-fucking hundred a share?

y9y464

Intraday-theta decay on 0 DTE options?

I have a couple questions: Is there a time of day typically where theta decay really eats into to well-OTM options on expiry day? Or, is it linear in isolation? I’ve found that a certain amount OTM, it seems delta can’t make up for theta? (In other words in looking at the liquid chains for indexes and full E-mini futures it seems even with the wild swing that at a certain point OTM those options just don’t fluctuate as much or at least typically lose more due to things other than underlying price change). Also, with 0 DTE options I’m assuming timing is everything (since a lot of the chain changes 100-1000% sometimes 2-3 times)?

thetagang

0dte theta plays are a big thing and there are plenty of people being successful with them. Especially on something like SPX. You will hear soon from the gamma crowd that thinks gamma exposure makes 0dte too risky. While it's something to be understood, like anything, it isn't a deal breaker .

wbvkvg

Pin Risk Question

On the news Apple slowed hiring/spending I sold a call credit spread. Obviously it didn’t work out post earnings. I ended up closing this yesterday for -$99. My question is would this have been assigned early if I held it past closing last night? Would have loved to hold it for a while to see if it ended up being profitable a-la-tasty. Thanks in advance!

thetagang

An early assignment is very rare as the option buyer who exercises would be giving up the extrinsic value for a lower profit. You could have easily held as the vast majority of assignments occur at expiration . . .

jfw6m1

Thursday October 22, 2020 Daily /r/thetagang Discussion - What are your moves for today?

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost.

thetagang

**Notable Decliners:** * \-6.2% **TSCO-US** (Tractor Supply): Q3 earnings and revenue beat; comps well ahead of consensus with improvement in both traffic and ticket; however, analysts noted high expectations, elevated valuation, and longer-term EPS growth impacts from investments. * \-6.2% **UNP-US** (Union Pacific): Q3 EPS a bit light, revenue in line; OR improved to record level, boosted by lower fuel costs, though missed estimates; revenue per carload also weaker; analysts positive on direction of most operating metrics, though disappointed by OR, strategic outlook without COO Vena. * \-5.3% **CMG-US** (Chipotle Mexican Grill): Q3 earnings and comps beat modestly with revenue in line, withheld guidance; analysts noted high expectations and deceleration of current quarter comps, difficult Q4 compare on base effects of carne asada launch last year; though overall good results and continued store additions. * \-5.3% **EW-US** (Edwards Lifesciences): Q3 earnings and revenue beat though guidance raise disappointed somewhat; analysts noted TAVR market has recovered from Covid-related declines across geographies but some of the gains in Europe due to backlog-clearing; also tougher y/y comps and potential for regional Covid disruptions going forward. * \-4.2% **KMB-US** (Kimberly-Clark): Q3 EPS missed despite higher revenue/organic sales upside; GM missed by 90 bp and brand investment higher; Professional segment the drag as both Personal Care and Consumer Tissue beat on sales and operating profit; raised FY organic sales growth and EPS guidance; cost savings from restructuring expected by end of 2021 but could slip back due to coronavirus. * \-3.2% **LRCX-US** (Lam Research): Fiscal Q1 revenue and EPS ahead; GM better on customer and product mix and utilization; Dec Q guidance above despite SMIC headwind; however, GM guidance light; reiterated 2020 WFE outlook; takeaways mostly positive with focus on continued strength in Foundry and NAND but some concern about pull-in and China risks. * \-2.2% **RS-US** (Reliance Steel): Q3 earnings beat but revenue weaker; noted improved pricing and higher tons sold; Q4 EPS guidance below the Street; cautiously optimistic on non-residential construction but sees declining sales in certain markets (such as aerospace). **Notable Gainers:** * \+32.1% **ALGN-US** (Align Technology): Big Q3 earnings, revenue, and margin beat; highlighted strong momentum for both Invisalign and iTero scanners; noted marketing drove uptick in consumer engagement and increased comfort with virtual tools. * \+8.8% **SNA-US** (Snap-On): Q3 earnings and revenue beat amid sequential improvement in all segments; organic growth driven by Tools segment; Commercial/Industrial and Repair results better than feared. * \+6.4% **DFS-US** (Discover Financial): Q3 EPS, revenue beat; NII, NIM beat, provision better than expected; analysts highlighted better credit performance; increased spending in first half of October in most affected categories, including travel, restaurants, gas. * \+6.2% **LVS-US** (Las Vegas Sands): Q3 consolidated property EBITDA and net revenue not as bad as feared with better results in Las Vegas and Marina Bay; analysts noted improving Singapore trends and positive management commentary on Macau demand. * \+5.1% **T-US** (AT&T): Q3 net adds beat significantly; revenue was ahead while earnings were in line; analysts noted strong subscriber trends across segments (notably postpaid phones on lower churn) though partly aided by unwind of KAC pledge customers re-entering counts; WarnerMedia outperformed while Wireless EBITDA missed. * \+2.1% **TSLA-US** (Tesla): Q3 beat on key metrics and company maintained 500K unit delivery guidance for 2020 (though said tough to achieve); also hinted that 2021 units could be 800K+; Street particularly positive on automotive gross margin performance and FCF; also the usual discussion about the positive narrative surrounding the company's wide competitive moat; multiple upgrades. * \+1.6% **AXTA-US** (Axalta Coating Systems): Big Q3 EPS and EBITDA beat; volumes held up much better than expected and improved throughout the Q; implied Q4 guidance above; Street positive on cost control efforts, leverage to auto recovery and qualitative commentary on Q4; also noted elevated expectations following PPG-US results. * \+1.1% **KO-US** (Coca-Cola): Q3 earnings and revenue beat though guidance withheld; analysts noted better at home performance, continued portfolio rationalization and strong liquidity; also relative strength in Coke versus low margin water brands, stronger than expected margins, beats in most regions except for Asia.

n01p1b

Done with buying calls... Need advice for a 26k portfolio.

Theta gang noob here asking for advice. So in summary, I basically lost 60% of my profits because I made the wrong call (pun intended) buying INTC calls when NVDA was about to announce something.. I just wasn't expecting the Grace CPU... Because of that, I'm just done with gambling buying calls... On the bright side, I didn't lose my money, just profits for the year so I'm still in the green. Anyways, I have about 26K and I'm thinking of doing CCs/PMCCs on AAPL, or PMCCs with SPY. Any other suggestions for my portfolio size?

thetagang

I would look into selling csp's for stocks you like as well. Also I look at barchart and find stocks with high IV to sell csps and ccs on because IV crush hopefully. Another thing I do is borrow on margin to sell csps because it's collateral and doesn't incur an interest rate. I was also a dumbass losing a lot on random calls and moonshot plays. Turned to theta gang shit is good

p3t696

Where are you finding the magical “tasty mechanics” spreads?

I keep seeing people talk about the tasty mechanics for selling spreads i.e. 30-45 DTE, credit equal to 1/3 the spread width, etc but I have yet to find a trade that meets these guidelines despite going through plenty of tickers. Am I missing something, or are these trades very hard to come by? Is there a valuable screener that can help with this process?

thetagang

I would describe my trading as fairly TastyTrade compatible. Here's how I like going through the process of finding new trades: 1. Look at "My Watchlist" or through "High Options Volume" one is obviously something I set up, the other is a TW preset 2. Sort by IVR 3. The names that are above 50 I will almost always trade if they are in my watchlist 4. Look through each to see if I have any directional assumptions 5. Look through options chain to see what the premium a few key points (ATM, expected move, 1SD, or wherever I think it is unlikely to reach before expiration) From there I can play around with different ideas until something fits my assumptions and risk profile. The 1/3rd the width of the strikes can technically be found on almost any stock, you just need to be closer to ATM to find them. I only use that metric for Iron Condors, on regular credit spreads you are only collecting money on one side so it gets hard to receive enough without being close to the current stock price. High IVR helps mitigate this, but it isn't perfect.

knrx80

Sick of Losing Money

I'm done losing money to FDs. Any option I buy goes the wrong way, what are some strategies I can use to make more reliable gains? Sorry for the noob question but again, I am sick of this bullshit I'm down almost a grand on the month and almost every option I purchase is sold at a loss. Last time I made money on options was in October, and due to that, I've unsubscribed from WSB; I'm convinced every post on that sub is a pump and dump, and at this point, I don't have enough $ to even post on it anymore.

thetagang

You are posting in Thetagang! I think you realized by now that buying options is a losing battle, so try selling option premium to get those "reliable gain"(no such thing). Check out these real trade examples of selling cash secured puts to get you started - hopefully you can stop banging your head against the wall now: [https://www.youtube.com/channel/UCFIyWqPyzUreNDLaJl28qrA](https://www.youtube.com/channel/UCFIyWqPyzUreNDLaJl28qrA)

mx02py

Question about a strategy

I’ve been reading “Options as a Strategic Investment” and one strategy that is mentioned is to sell an ATM or slightly ITM call one to six months out and to simply continue rolling the option prior to expiry and prior to it becoming too deep ITM. So my question is, does this still work in real life? And am I understanding this correctly?

thetagang

Theory is that you’re selling theta so yes, it can work and you are understanding it correctly. You are hoping the underlying doesn’t blow your strike too quickly or it’ll just be too costly or take too much time to effectively roll out of your position. In theory, practice and theory are the same. In practice, theory and practice are not.

ollssc

What’s the point of debit spreads?

Just recently started playing around with credit spreads on a paper account to get the feel for it. Seems pretty straight forward, collect your credit and only take on a limited amount of risk. So it got me thinking what’s the point of debit spreads? Why would someone want to start out the trade with a debit? Wouldn’t it always make more sense to run a credit spread? For example, If I’m bullish instead of doing a debit call spread just do a credit put spread. That way you start out with a credit. Obviously there is something I’m missing otherwise debit spreads wouldn’t be a thing. But after looking for a while I couldn’t find any solid answers. so hopefully y’all with more experience can teach me something.

thetagang

Generally debit spreads make you slightly long vega, so you benefit from increased volatility. Credit spreads make you short vega, and you gain more from a decrease in volatility. Also debit spreads don’t have pin risk, or the risk of early assignment b/c your long leg will always be ITM before your short leg. EDIT- And of course credits make you long theta, debits make you short theta. So you don’t have to be as directionally correct with credit spreads to profit, and time is on your side.

onnblc

What are good theta strategies for people trading on cash (not margin)?

Ik ab CCs, CSPs, and was recently introduced to the wheel, but I’m ~$2700 account and can’t afford to diversify with those strategies. Btw I’m on a custodial account (I’m 16).

thetagang

Just put it in spy and keep adding to it when you get extra cash. This should be your retirement/long term account given you are 16. Invest in yourself and get a career. Keep doing that until you are making 6 figures plus. Then start building a side account and start doing actual trades. You can start a paper demo account today so in hopefully 5-8 years time you will be ready with actual money. This is a long long long long process. Your advantage is that you have a lifetime ahead of you.

pz3ctw

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

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

thetagang

**Opened:** * \-3 AMZN 11/5 2060P - $150(3) * \-3 SPX 11/12 2800P - $165(3) * \-2 SPY 10/15 418P - $391(2) * \-200 SPY @ $428.11 * \+4 SPY 11/19 444C - $395(4) - debit * \-3 QCOM 11/19 105P - $100(3) * \-1 QCOM 11/19 110P - $140 * \-1 AMZN Jan 2022 1900P +1 4250C -2 4750C - $45 credit * \-1 AMD 10/08 95P +1 110C - $42 credit * \-1 AMD 10/15 90P - $40 * \-1 ADBE 10/15 440P - $45 * \-1 WMT 11/19 115P - $44 * \-2 AMD 11/19 77.5P - $55(2) * \-1 TGT 11/19 180P - $84 * 10/08 TSLA +5 750/-10 700/+5 650 Fly's $185 debit each. * \-1 NXPI 11/19 155P - $123 * \-2 ETSY 11/19 145P - $152 **Closed:** * 3 AMZN 10/15 2350P * 3 SPX 10/15 3250P * 1 GOOGL 10/15 2150P * 1 ATVI 10/29 70P * \+1 AMD 10/08 95P -1 110C - $22 debit * 3 WYNN 10/15 70P

lb9ov4

CMV: I don't think neutral strategies are worth it.

Before I begin, I'm not arguing against neutral options strategies, I just want to be convinced that they're worth partaking in. And there are instances where I use neutral strategies as part of The Wheel. If my CSP gets assigned, I'll sell a CC and sometimes another CSP to have a Strangle or a Straddle. Other than that, I don't sell naked options. Besides that particular case, I don't see a good reason to do Iron Condors or Iron Flies. Maybe there's something I'm missing? When selling a Put Spread or Call Spread, you have a 1/3rd chance of taking a loss (underlying goes past your strike), but for a neutral strategy, you only have a 1/3rd chance of making a profit (underlying needs to stay sideways). Now maybe there are some underlyings where neutral strategies make sense, but they tend to be stable, boring stocks...why not just sell Puts/Put Spreads? If the stock somehow shoots up, your Bullish Put will lose a lot of premium; but if you're doing an IC/IB, you've lost on a huge up-move. And if the stable, boring underlying falls quite a bit, you'd lose whether you're selling Bullish Puts or doing a neutral strategy. ...so, what am I missing?

thetagang

They are less volatile for one and are quite manageable just roll up or down and out in time if you need to collect more. Tastytrade did a study on them and it showed they are 30% less volatile check out there content it's all free yooo.

vmw81f

Tax Strategy

Was hoping for some critiques on how I'm thinking of approaching setting aside money for capital gains taxes. ​ So right now I owe about $15k in capital gains on the year (long time to go to wipe them out I'm sure). ​ I just got out of a few trades and have a decent chunk liquid. My thought is to sell about $15k worth of CSPs on some relatively low P/E stock with decent volatily. Not married to the idea, but BBBY comes to mind right now because of their high premiums. ​ An Example with Numbers: As of June 28 at market close a $6 put expiring 7/15 pays $0.68 per contract. About 11% return for a 2 week long contract. ​ $15000/$600 per CSP = 25 Contracts x $68 Premium per contract = $1700 ​ Buy SPY with the premiums and set aside 25% of premiums to keep growing the CSP tax account. ​ BBBY probably gonna get smoked tomorrow on earnings too, so might change the put contract to $5 strike but I'd expect premiums to bounce off the move too. ​ Poke holes please.

thetagang

Why worry about setting aside some instead of just growing account knowing you will have to use portion of the gains to pay taxed possibly. Who knows if you will have some stocks with losses in December to sell for the tax loss also? Only seems necessary if you are spending gains instead of account increasing.

ljqqjl

UVXY Covered Call Hedge Strategy

Analysis inspired by comments from u/[chilly2121](https://www.reddit.com/user/chilly2121/) in another recent post about hedging using VIX backspreads. Strategy assuming ownership of 100 UVXY shares (cost today $942). Sell 1 UVXY CC with \~0.25 delta expiring two weeks out every two weeks. Close position with \~1DTE and use premium to buy additional shares of UVXY. I ran this through back trade analysis from 1/1/2020 [https://imgur.com/a/whfjljm](https://imgur.com/a/whfjljm) * shares called on 2/27/2020 at $13. Underlying at $21.71 * Accumulated 9 additional shares of UVXY, buying with commissions from CC every 2 weeks. * Selling 9 shares the day of call exercise 2/28/2020 resulted in profit of $586.26 * Selling 9 shares 3/18/2020 resulted in profit of $1,357.65 Looks like this will work well especially with at least 3 months to accumulate shares. If you are worried about near term risk you could buy a few extra shares up front.

thetagang

Do your analysis for any year other than 2020. UVXY loses on average 95% of its value every year. If you adjust for reverse splits UVXY was worth 80 000 USD per share early 2015 and is now worth 9 USD per share. In 2020 the year with the highest volatility since 2009 UVXY fell from 130+ USD to 9 USD. You will not be able to compensate these losses by writing CCs.

lo8xtr

Question about theta decay

Hey there theta gang, so I’ve been seeing people around here saying to sell 42 dte and closing at 21 dte because of theta being worth half. My question is, shouldn’t you wait to close until the second half of the 21 days since theta decay is exponential? Maybe I have this wrong so let me know.

thetagang

I saw a study on tasty trade where they compared otm option decay vs. atm option decay. In the study otm option decay was more gradual and over half was out from 45 to 21dte. However atm options held their extrinsic value longer, causing a more rapid decay in the last 10 days. With us generally selling otm options (.20 - .35 delta) it makes more sense to manage early and reallocate capital. It was a market measures episode if you are curious and want to try to find it.

hy5s5c

"Diagonal escape" from assignment after selling CSP

One idea that I didn't see mentioned (yet) is the following: you are selling CSP, say for example that you are selling 12P on AAL and the price just went down to 11.6. Instead of getting assigned, you can roll the 12P into a 11.5P with expiration more far away in time. If by that expiration the stock goes down to 11.3 say, you can roll again to 11P more far in time, up to when you escape assignment. Of course the stock can go down quicker than you can roll puts away so this strategy still has risks (let alone that AAL may go bankrupt). But assuming there is some "fundamental value" that will prevent the stock from going down indefinitely this one looks like a strategy that will allow you to escape from assignment, and depending on how far in time you roll your puts you will be able to do so with a bit of a profit. I would be curious if this is done commonly by Theta Gangsters and if there is some shortcoming I didn't think about.

thetagang

The shortcoming is you're buying back a CSP at a loss. Selling another CSP is just a separate trade which comes with its own risk. The fact that the tickers match each other is irrelevant. You could roll AAL down, or you could just roll AAL 12p to MSFT 190p or literally anything else. Same thing. There's no advantage gained by keeping the ticker the same.

u34u7a

Why not sell CCs weekly instead of 30 - 45 Days out?

Currently been selling CCs on a DKNG position I started a couple weeks ago. My current position is 18.08 I’ve sold 3 calls and been rewarded over 190 in credit without being assigned and I’m down about 130 in the underlying. In my short existence in the market I’ve been someone who trades too much, but I am learning to hold shares in companies I believe in and sell CCs it’s really the best of both worlds. I understand I can be assigned but realistically I enjoy trading/rolling and if I get assigned I am okay with taking my gains/premium and investing elsewhere. Why do you shoot for 30 days out? Does anyone with a smaller account follow a weekly/bi-weekly strategy? Also, what are your favorite stocks under $40 To wheel?

thetagang

There's pros and cons to weekly versus monthly. If you take the weekly amount and multiply it out, it does seem like you would end up with more than the monthly....but stock moves, so it is difficult to guarantee that you will hit the same price while maintaining the same positive position the entire month. Doing monthly on options is far closer to averaging out to being the same price each month, and you have the choice to close it early on dips and retake it on the flies (so you could end up selling the same month multiple times as price moves up and down).....however, if price flies past your strike, your ability to correct could be harder, especially if it happens within the first week (because you have to wait pretty much the whole month before the extrinsic has died enough to roll it). But if you sold a weekly and it gets run, you can roll it out and up for credit, up to the 35DTE position and still be on the positive side, which means you get more room to float doing weekly. It's hard to gauge which one you should do, and there isn't a "better" one, it all comes down to your strategy and plans. I personally like doing the weekly, but I will expand out to 35DTE if I have to on some trades, because I prefer to be able to get out faster if I need to.

my6ive

Comparison of Covered Call versus Covered Calls with Bull Put Spreads.....two quality stocks that I was bullish on and comparing the results after over 300 days. With ABT we added BuPS to the strategy. With LNC we only used Covered Calls. BuPS have the potential to offset losses on the short calls.

We have held CC positions in ABT and LNC for over 300 days (want to get the gains to 365 days and longer term capital gains). Adding BuPS allowed us to capture most of the stock appreciation with ABT. We left a lot of money on the table with LNC as the losses on the short term calls has been offsetting the gains on the stock. Graphs below show the return on the stock, option and net. Note the net return on LNC....despite stock appreciating our return did not increase. One thing to keep in mind....BuPS adds to the profit if stock appreciates....but increases the losses if stock goes down. ​ https://preview.redd.it/m9ul9qi43bv61.png?width=1546&format=png&auto=webp&s=62f43c3959439490f942620a5d933444eda825ef ​ https://preview.redd.it/h4vwt5b63bv61.png?width=2086&format=png&auto=webp&s=6f0b909cf8173dd88248ad68e3524c59e6425b2a

options

You just added positive delta, of course you would capture more stock appreciation. If your net delta from both positions is over 1 (probably will be if you sell your short call OTM) you are technically leveraged. Nothing special here. Covered calls, when managed tactically, can result in profits above the underlying as well. Even sold ATM. In fact usually BECAUSE they are sold ATM. I would argue ATM puts are probably best for riding stock appreciation however.

1oz68m

Have I ever told you I fu#&!ng love Bitcoin?

Scene: The shell station at mile marker 720 on I-10, between San Antonio and Houston. I'm on my way home from visiting family and hanging out with the awesome folks at the Austin Bitcoin Conference. We stopped for gas at a shell station. I went inside to grab a snack. While waiting in line the guy notices the QR code on my bitcoin foundation tshirt and asks me if that goes to my web address. I say no, it's actually a Bitcoin donation address. The guy lights up, he has heard of Bitcoin and starts asking a million questions (you know how it is). While waiting in line I got him set up with his first Bitcoin wallet (mycellium FTW!!). Dude is pumped. Then it gets surreal. I go to pay for my large dr pepper and bag of cheesey puffs (dont you judge me!) and the total is $2.63. I pull out my debit card and the cashier starts waving his hand. "no, no. Minimum card purchase is $5" This sucks. I have no cash on hand. In talking to the cashier/owner he says he gets charged 47 CENTS for transactions up to $5! I tell him he should take bitcoin and prepare to abandon my junk food. Then the guy behind me puts cash on the counter and asks if I would just sell him bitcoin for the purchase price!!! 20 seconds later, I'm eating cheesey puffs and dude(his name was Tim) is playing around with his first milibits :) Dr Pepper and Cheetos brand cheese puffs .0143BTC Life is good. Viva la Bitcoin.

Bitcoin

**Devils Advocate Post** A minimum charge policy actually goes against both Visa and Mastercard's policies - if you had pushed it you would have been able to make your purchase. I try to be nice and not abuse this fact, but it has come in handy a few times...

e152jc

TSLA gigafactory in China

Is there anyone here who lives in China or knows someone who does ? NEXT BIG CATALYST for TSLA is the delivery numbers next month, but I think there could be a lot more momentum this time around with China numbers in the mix. Did they start deliveries in China ? Is there someone out there locally who can confirm ? Or call the dealership up there , if there is one ? Just trying to figure out a timeline around this catalyst.

StockMarket

I was in Beijing for the month of September this year, and there is an astounding number of Tesla’s riding around that city. Granted though, I would gauge that Tesla vehicles consisted of 0.5%-1% of vehicles on the road, which for a city like Beijing is great news, really.

8cs4mt

Paying taxes on under the table job years ago

Hi all, I am in law school right now preparing to take my bar exam in a year or so. In order to pass the character and fitness portion of the bar application I must undergo a pretty serious investigation of my prior work history. A few summers ago I worked as a waitress under the table and am freaking out right now because I never paid taxes on those wages. I've listed this job in all of my previous work histories and resumes. How can I pay taxes on these wages if I never fill out at w-2, reported my income, and have no real record of wages received? Thank you in advance for any help at all!

personalfinance

I’ve just gone through the bar application process and didn’t have to submit any tax information for any of my previous jobs. Granted, the rules might be different in your state (I’m in KY), but i don’t think you should worry too much. If you are really freaked out, talk to the dean of student affairs (or your school’s equivalent) and see if there is something you should do. Most of the questions relate to actual disciplinary actions you’ve had. So if you were never prosecuted, it is not likely you’ll have to disclose it.

v9m8ql

What they didn't tell us about today's 8.6% inflation CPI print

"It's the highest since 1981." I'm sure you read that headline a dozen times today. It's completely empty, because: # THE INTEREST RATE IN 1981 WAS 20% Yes, 20%, and also: # THE FEDERAL DEBT IN 1981 WAS $980B That's right, it hadn't even broke $1T yet, and lastly: # FOREIGN DEMAND FOR TREASURIES IN 1981 WAS GROWING Compare all the above to today. We have 0% interest rates, $31T in debt, foreign demand for Treasuries peaked in 2017 and has been declining since. You really have to ask yourselves how the USD is not trapped. There's no way out of this. None. If you raised rates even to 3% (one-third of inflation) the annual interest alone on that would be the size of a Covid bill. This is the boldest tweet of 2021: https://preview.redd.it/jzv8rvwd5w491.png?width=640&format=png&auto=webp&s=db1ff935b9459ecca938927bd70e0e16756e095a And there's no situation where that doesn't happen in the next 24 months IMO. When a currency goes hyper, there's no coming back from it. Taming inflation doesn't mean prices go down. It means prices stop going up. But when trust starts to erode, the faux ways to stop it from accelerating are revolution, or retiring anybody that can say otherwise, which traditionally is accomplished through war. The problem being of course, that we can't have any direct conflict with a major power, because if we did, we'd go hyper instantly. $120 bbl oil and $9 natural gas would turn into $300 oil and $20 natural gas. Such a thing would cost trillions waging and trillions in losses. And this is my greatest fear from a game theory perspective--that China does a naval blockade on Taiwan before the People's Congress which decides Xi Jinping's political future. Whoever owns Taiwan owns the 21st century. If you're China you can force the US into one of two terminus decisions this late in the debt cycle: * Go to war and go hyper, with no guarantee of victory * Don't go to war and lose the 21st century [https://youtu.be/p6sCsOdqXQw](https://youtu.be/p6sCsOdqXQw) **Conclusion:** But unlike any point heretofore dear reader, there's an asset waiting in the shadows, and it can step out from the shadows for anybody anywhere as a capital flight release valve, and governments have no ability to stop their citizens from opting-out and saving themselves. ₿

wallstreetbets

From a game theory perspective this is one of the most interesting times in history. Perfect storm between macro, geopolitics, climate change, WW3, semiconductors/technology/AI, space race 2.0, debt cycle, civil war, polarization, nationalism, de-globalization etc etc. Ray Dalio thinks there's a 30% chance of civil war. I seriously think the decade of relative peace (and complacency) is over. Millennials are about to undergo a baptism by fire.

rfldhz

There is ZERO manipulation Part II. And why a move over $100k is inbound.

This is part II of the popular post I authored recently: [https://www.reddit.com/r/Bitcoin/comments/re0ldq/there\_is\_zero\_manipulation\_many\_dont\_understand/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Bitcoin/comments/re0ldq/there_is_zero_manipulation_many_dont_understand/?utm_source=share&utm_medium=web2x&context=3) And to conclude that one, I’d like to say bitcoin has never been friendly to short time preferences and its vehicles designed to separate people from their bitcoin, **like trading and leverage**. I’ve been around bitcoin since the first Obama Administration, and in the decade since, have come to realize the people that complain about manipulation go looking for it, and quickly find it in trading and leverage. So stop getting manipulated and HODL, otherwise you're too close to the painting, staring at an individual brush stroke. Step back and get some perspective: [Why you HODL and shut up](https://preview.redd.it/k9zwl893hc581.jpg?width=2048&format=pjpg&auto=webp&s=9c3999ddce81ab5c1e82ca6250b3039f62f63968) The illiquid supply trend has not broken. It’s still moving up. That’s crazy considering we’ve just experienced a 35% drawdown from the $69k peak a few weeks back. And more surprisingly, the CEX exchange reserves are plummeting. So that chart and BTC’s corresponding price will resolve themselves soon. [No dirty CEX, not your hard wallet, not your coins](https://preview.redd.it/hj94tgmghc581.jpg?width=1800&format=pjpg&auto=webp&s=e70dd00eb37e65ed6680fa216777f7f87ad717a2) And closely related is the realized HODL ratio; it’s quite a ways from being over-extended. You’d like to see it in the red portion up top before a market top. So it appears we’re in the middle the bull-market. ​ [Let's out-HODL the USD](https://preview.redd.it/ki4ubgpmhc581.jpg?width=1199&format=pjpg&auto=webp&s=01ba518bc4c40548a8733bc7e6da1e989637c460) And what’s up with the hash rate? It’s literally at its all-time high. When you see this, that means miners are competing full-blown for blocks because they’re still profitable, which also means none are selling their stockpile, some miners in fact have used low interest debt to buy spot outright. [Greta is 18 now.](https://preview.redd.it/2gqh942uhc581.jpg?width=1800&format=pjpg&auto=webp&s=fdaffb41b6f8822c115ceba544fed5ad885c5215) As I’m sure many of you have noticed in the past few weeks, bitcoin has attracted a political element here in the US, Europe, and abroad. That to me is extremely bullish and can drive adoption and awareness better than anything else. And if you read part I, you’d know why adoption is the only thing that matters and how it's related to the inflation reset (halving) every 4 years. Anyway, I'd like to see a failed try for a lower low this week, a hard pivot and move to an ATH in January.

Bitcoin

It's pretty easy to see where this thing is headed if you spend enough time researching it. The paranoia however persists and people are weak minded. You can call it fate or normal market psychology. Either way I think it's almost beautiful that a protocal can do so much and to watch it gain more adoption as halvenings occur is like the most gratifying thing. Also, I feel obliged to say I was banned from this sub for a long time for essentially being a fan of other projects but I as others would agree, bitcoiner or altcoiner, bitcoin has lifted the entire space and continues to do so. We can all rise together and build a new world order.

moll3g

Jesus. The Dogecoin cultists are absolutely nuts.

Dogecoin is a coin that produces 14 million a day and 5 billion a year. I did a bit of research into it, and the code is written to work against you. In other words, the coin is literally meant to decrease in value. Don’t tell the cultists at r/dogecoin this though, they think its the next Bitcoin. And I love pumping coins, but it’s too late to get in on Dogecoin now. 50% of the supply is in a few wallets. One dump and it’s gone.

CryptoCurrency

I'm not gonna lie, Doge got me in Crypto. It's been 10 years I thought I missed the Crypto train, but then one Saturday night of January, I finally cracked and decided to jump on the Doge train. Nothing much just 250e which was my limit on Binance that night. I then spend the next 100 hours learning about crypto, something I have be slacking on doing for 10 years. Been loving it. Use the quick profit I made from Doge to invest in Ethereum and litecoin. I since then have expanded my portfolio but I still have some Doge for the fun of it. But I guess I wanted to say I will always be a little nostalgic because I started my journey with Doge, and it pushed me to learn more about everything. I also understand with this type of coins to start with, as a newb, it could've gone either way for me, so I consider myself lucky 😉

tgskom

Magna (MG.T)

Looking to add some diversification to my TFSA dividend stocks and noticed Magna is trading at $77, has an P/E of 12, low debt/equity, a 3 per cent dividend and long hx of dividend increases. My other stock are mainly big blue chip dividend payers like BCE, ENB, TD, PPL, EMA that I plan to hold long term (>20yrs). I wonder if anyones been following this stock and has an opinion? Tx.

CanadianInvestor

BAM-A, CP or CNQ or CNR. This biggest problem with MG is supply chain issue and operating cost. Price of material have skyrocketed. I was also looking at cibc CM cause they doing a 2:1 split. Banks will away do good in interest rates times.

wddk4j

Rate My Portfolio Megathread for August 2022

Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: * Financial goals and investment time horizon. * Commentary on the reasoning behind your current and desired allocation. The more information you can provide, the better answers you'll get! Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). --- Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote.

CanadianInvestor

23F, started investing 1 week ago, looking to max out my TFSA over the next few years and holding my investments for >10 years. I am thinking: 40% XEQT, 10% VFV, 15% TEC, 20% XQQ, 15% individual stocks (only have CNR planned right now, anything else you'd recommend?) Thanks!

9u3mol

What the hell is my portfolio allocation

Somewhere along the way my $75,000 portfolio morphed into the following. My question is what the hell is my breakdown. Meaning am I 90/10 stocks/bonds or 80% CDN 20% global - i've been trying to figure it out but can't VBAL - $32,000 EMA - $12,000 FTS - $16,000 XAW - $,4700 ZWB - $10,000 Anyone point me to a site to help calculate this for me

CanadianInvestor

(i) You're at 17% bonds. The only bonds you hold are the through the VBAL, worth about 12800. (ii) Of the remaining 83%, about 61% is Canadian equities, 14% is U.S. equities, and 8% is non-N.A. international. (I counted the ZWB as Canadian stocks, although I guess it's not quite that simple.) (iii) There's an easy way to automate this calculation. For years, I've used the free Morningstar 'portfolio' utility to do this, although it wouldn't work well for complex ETFs like VBAL and XAW. Basically you make up a portfolio, then set up a custom view called 'Allocations'. As one of the fields in that view, choose 'My notes'. Beside each security, put a numbered description in 'My notes', like 1. CDN 2. U.S. 3. INTL DEV and so on, up to 6. FIXED, in my case. Whenever you go into your 'allocations' view, sort on 'My notes' and the percentage for each security will be displayed in order. (You still have to add the percentages up in each category.)

tgskom

Magna (MG.T)

Looking to add some diversification to my TFSA dividend stocks and noticed Magna is trading at $77, has an P/E of 12, low debt/equity, a 3 per cent dividend and long hx of dividend increases. My other stock are mainly big blue chip dividend payers like BCE, ENB, TD, PPL, EMA that I plan to hold long term (>20yrs). I wonder if anyones been following this stock and has an opinion? Tx.

CanadianInvestor

I just bought some too. Their Russian business accounts for less than 2% of their revenue while it has dropped over 20% since the invasion began and even more since their peak last year. The balance sheet is clean. They have 30B worth of assets and only 15B in liabilities if I recall. Revenue is great and I think they come out with close to 2B clear every year. Valued at 20B. Seems like a great deal at this price.

zi3lbp

Am I missing something or did TD rep lie to me

I was on the phone with a TD rep and he said I should consider switching from Wealthsimple to TD and Wealthsimple fills stocks at a higher price and that's how they make their money. I asked if he meant an FX conversion fee and he said for Canadian stocks too. Well I went and checked some of the historical prices vs. what was filled on Wealthsimple and they were all spot on (maybe $0.01 off). Was this rep just lying to get my business or am I missing something?

CanadianInvestor

He's not really lying, but exaggerating as well. It is how WealthSimple make their money. It's quite complicated, but in short yes someone is probably undercutting you and making a tiny profit off each share. With high volume, this becomes profitable. So no he's not really lying. The exaggerating part is that it costs you more: sure it costs you more than if there wasn't that third party, but it still costs way less than if you paid TD commission of $10, unless you trade in thousands and thousands of shares per order. So to answer your question: not lying, but probably not worth it to switch either.

9u3mol

What the hell is my portfolio allocation

Somewhere along the way my $75,000 portfolio morphed into the following. My question is what the hell is my breakdown. Meaning am I 90/10 stocks/bonds or 80% CDN 20% global - i've been trying to figure it out but can't VBAL - $32,000 EMA - $12,000 FTS - $16,000 XAW - $,4700 ZWB - $10,000 Anyone point me to a site to help calculate this for me

CanadianInvestor

If you sign up for Morningstar they have an amazing calculator that will make a detailed PDF showing your holdings, even the ownership of each stock in your portfolio (it adds it up in overlapping funds), as well as an aggregate breakdown of your bonds too, and overall country allocation, risk vs reward, etc. I have access so PM me if you still need help

g0u4jr

Major Bank (TD) Issuing NVCC Subordinated Debentures - some questions...

I currently have a lot of my portfolio in Canadian banks, with TD being my largest position. We're not talking about crazy high numbers here, but still important numbers for retirement and HBP. That said, TD just announced today they will be offering $3bn in NVCC Subordinated Debentures ([here](https://www.newswire.ca/news-releases/td-bank-group-to-issue-nvcc-subordinated-debentures-857729473.html)). From what I understand, NVCC subordinated debt converts to shares in the event of a company's non-viability. I'm not very informed on this particular form of security, and was hoping that someone here might be able to explain to me: 1. What exactly does this mean? 2. What kind of impact on market cap/share price do you tend to see after the issuance of these securities, historically speaking? 3. Does this imply a lack of confidence from the company's perspective as a future going concern? 4. Anything else you might be able to add? I appreciate it. Thanks

CanadianInvestor

From my understanding, this type of instrument is a special debt instrument that carries with it both higher yields and higher risks. In the event the bank is deemed non-viable, you are left as an equity holder, not a debt holder. This means you are much farther down the seniority for claimants on the bank's assets. Historically speaking I don't have any insight for you. In terms of implication of confidence, I personally think TD is issuing these higher interest securities because there is a high demand for preferred shares and in general a move towards higher yields, given that interest rates have fallen a lot lately. They know they can fetch a high price if they issue higher-yielding debt and this is a nice way to issue high yielding debt where their debtors have little to no recourse if things do go bad for them.

yetrxr

RBC options trading no stop loss

RBC options trading do not have a stop loss option? I bought calls and wanted to create a stop loss but notice they only have market and limit order when selling to close. End up losing a lot more when stock didn't go my way since. Any help would be appreciated

CanadianInvestor

I would look at other brokers unless your investments with their direct investing platform is giving you some benefit with RBC. The last time I looked at their direct investing platform it still didn't have extended hours for trading. (I heard they may have post market for TSX?) Not only are you missing out on tons of trading tools, but your paying high commissions for it. I've never looked at the National Bank platform but their option pricing is quite cheap if you wanted to stay with a big five bank. Otherwise I'd recommend going to Interactive Brokers. It's a little overwhelming at first, but they have pretty well every tool available to investors on the market.

9zu4b0

The bear case for Canadian Banks

Canadian banks have been considered a great investment for the last decade however there seems to be a multitude of headwinds in the horizon. I’ll do my best to state the bear case: Commercial delinquencies are rising. These are very much tied to oil investment these have generally been low delinquency low risk loans for commercial segments of the banks. With our oil prices at the levels they are there doesn’t seem to any improvements on the horizon. Housing bubble: very much tied to the economy. Not much to say here other than we’re probably at peak market. A flat or soft landing is the BEST CASE. Anything else spells trouble for the banks. Fin-tech: Canadian FI are big by design and as a result slow to react to changing trends. As fintech companies continue to disrupt financials around the world its only a matter of time before technology like Robin Hood, peer to peer lending, Amazon pay will arrive to Canada. Obviously this is speculative, but it seems like the best days of the banks are behind us. I know this goes against the grain here, but I’d love to hear the counter arguments.

CanadianInvestor

Remember that the big 5 have a lot more going on than Canadian based personal and business banking.... in the next 5 years we’ll be at the point where about 25-35% of the business will be in Canada. Most have operations in the USA, Caribbean, South America, and Asia. The bank I work for has investment banking offices in like 27 countries. When was an intern at the company I had an opportunity to have a conversation with the head of Canadian banking and he said his whole job is basically finding, developing, and buying fintechs and integrating them into the core business. Most of the banks have been around for 100+ years and have been through significant change and market ups and downs. They endured because they changed. I think they will continue to change. But by far the best reason I think the banks will stay strong: To big to fail. The government will do anything to keep them strong as even one hitting hard times could seriously the country. Public faith in the banks of paramount for the government. Especially when faith in the oil industry is shaken.

adce1e

Help me set up my portfolio (22m)

What's up shareholders, I'm still finishing up my degree (2 or 3 semesters remaining) but I just got a new job that will increase my salary substantially. I should have an extra ~$1000 a month to invest after expenses. I currently have no stock/etf holdings. The current portfolio configuration I am working on/towards is: > - 20% Canadian banks/financials/manufacturing/utilities/telecoms/healthcare - 50% US consumer goods/financials/manufacturing/utilities/telecoms/healthcare - 20% US tech growth stocks - 10% Emerging markets growth ETF's/stocks I'm thinking 70% of my portfolio will be based on DRIP dividend growth strategy and 30% will be based on capital appreciation/growth strategy. I would like to one day support myself and my future family with dividend cash flow. All feedback is appreciated.

CanadianInvestor

You definitley have the right mindset. This is how I invest in my dividend growth stocks (70% U.S and 30% Canadian). + 40%-50% in defensive stocks (Staples, Healthcare, Utilities, Telecom) + 20%-30% in sensitive stocks (Industrials, Technology, Discretionary) + 20%-30% in cyclical stocks (Financials, REITs, Materials, Energy) Every year I push the my defensive position higher, my goal is to go over 50%+. At this moment, I am at 41%.

thn3g1

Split share funds

Is anyone invested in split share funds? A couple people I work with think they are great due to very high dividends, and I had no clue what they were. Just did some basic reading on them from a financial post article, but I wonder how popular they are. If anyone is invested in them, how have you done? Pros, cons, advice?

CanadianInvestor

I have a few hundred bucks in FFN. It's Financials, so it's been good to me lately. I have the common shares, not the preferred. CAGR in the last year has been about 50%, but I doubt that will be the average over time. Just do your DD and make sure you know what you're getting into. Split shares are leveraged if you own the common shares, and they can be volatile.

qu5rmk

Canadian/U.S. Small Cap Picks

Anyone got any Canadian/U.S. small cap suggestions? Always interested to see what's out there. Preferably if you think they're currently undervalued, and not in the cannabis or crypto space. ​

CanadianInvestor

I’ve been accumulating ESE.V / ENTEF Less than 100M shs float Q3 Fiscals $9M in the bank ZERO DEBT Esports is only gaining more steam They are in the most profitable niche Insanely larger players with them They are acquiring more assets League of Legends is just one of their major events Solid management team that executes.

6f0akt

This feels awesome!

Am I the only one who thinks that this horizontal price development feels nice and secure? Like traders agree that this is the current proper value of ETH right now. It reminds me of the 35-40$ level in April. I hope this continues for the rest of the month.

ethtrader

Dude, I feel exactly the same way. Granted, I sort of wish I had some of my BTC right about now, but honestly, that thing just felt like dead coin walking. But the current price level is amazing. I can't believe it's doing such a good job of holding in the 215-225 range. It's settling into a nice little plateau. Right now, after such an abrupt runup, you'd expect it to be dippiing. Hope to see this thing consolidate a little longer, then a nice little pop coming up.

6fx4ga

STAY AWAY FROM VERITASEUM + Be wary of Omar aka "crypt0"

My roommate bought 33 VERI for 9 ETH, 16 hours later 33 VERI buys him .4 ETH. Terrible white paper, terrible website, terrible support (support is literally a random guys email). As you probably have seen Omar pumped this one pretty hard. Chances are he bought into the ICO because the video was very click baitish. I didn't expect him to throw this out to his audience especially considering the lack of any real backing paired with his big audience of mostly new crypto buyers. All I'm saying is don't trust ANYONE but yourself, not the comments, forums or YouTubers because everyone has a stake in the game. I do love Omars content and he seems like a great dude.

ethtrader

yeah... if you read the whitepaper and thought it was terrible, then it's really your fault for buying. 8.6ETH is a costly lesson, but please, please do your own research before investing into a cryptocurrency.

6fx4ga

STAY AWAY FROM VERITASEUM + Be wary of Omar aka "crypt0"

My roommate bought 33 VERI for 9 ETH, 16 hours later 33 VERI buys him .4 ETH. Terrible white paper, terrible website, terrible support (support is literally a random guys email). As you probably have seen Omar pumped this one pretty hard. Chances are he bought into the ICO because the video was very click baitish. I didn't expect him to throw this out to his audience especially considering the lack of any real backing paired with his big audience of mostly new crypto buyers. All I'm saying is don't trust ANYONE but yourself, not the comments, forums or YouTubers because everyone has a stake in the game. I do love Omars content and he seems like a great dude.

ethtrader

I think you should check your facts and rescind your false statement. On a volume weighted basis, VERI never traded for 33:0.4. Maybe someone made 1 trade for that by mistake, but guys like you who spread false information are what ruin it for everyone. I'm the founder, Google me... I'm probably the most well known of any token offering lead, with 10 years of performance in the public space. VERI is currently trading at $80 up 36x from 1st day of offering), and went up in price as the entire crypto market went down last week, including ETC & BTC. We are currently the 9th largest asset in the industry and we're the only ones not traded on a large exchange yet - because we're the newest. That should tell you something. We've also had the best performance of any token in the history of the industry (that I know of). We started shipping product before the initial offering even ended. I don't know why you say the whitepaper was awful, we don't have a white paper because we already had product and clients. The Jamaican Stock Exchange "publicly" invited us down to discuss tokenization business, and the top ten holders of VERI, averaging about $6m each, have not sold a cent. Many have added to their inventory. Please do not spread lies. Now, how about you recant your false comments and issue an apology. Maybe you don't realize how much trouble your fake news commentary can cause innocent people. https://youtu.be/_sJ0p8u1tsQ Here are some facts to counter your statements https://ethplorer.io/address/0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374#tab=tab-holders http://coinmarketcap.com/assets/views/all/ I will gladly by ALL of your tokens, and your friends tokens as well, for the 33:1 ratio you said you bought them for. As a matter of fact, I'll throw in a ten percent bonus as a token of my generosity. How about that? To be honest, I doubt you even bought the tokens that you;re describing, because if you did, you'd know that we teach people how to truly evaulate token opportunities in exchange for Veritas. Read this http://veritas.veritaseum.com/index.php/research-center/summary/2-research/1-gnosis-gno-forensic-valuation

6f0akt

This feels awesome!

Am I the only one who thinks that this horizontal price development feels nice and secure? Like traders agree that this is the current proper value of ETH right now. It reminds me of the 35-40$ level in April. I hope this continues for the rest of the month.

ethtrader

I like how sideways movements for a few days is called "consolidation." ETH is up 176% over the last month and 41% over the last week. This group gets impatient if it doesn't go up 20% a day. This is about as much fun as you can have with your pants on!

4kbz6r

Things are about to get disruptive

Warning, I've turned bearish on ETH price for the intermediate future. Feel free to downvote me, but be honest with yourself first. I have let 95% of my ETH go until it plays out. Check my history, and you will see that is not a small amount. It all stems from the DAO, its massive size, and the way it was executed. I've given this a great deal of thought. Here is what is about to happen: 1) The DAO has soaked 14% of all ETH. This has caused an 80% price appreciation. In 7 days, the DAO token will hit the market, and that supply will be re-released (albeit as a token convertible to ETH). 2) Most didn't realize what they bought into. There are people that have put most of their ETH into the DAO thinking that it was some sort of option -- i.e. that they could remove their ETH before any proposals for a quick buck. That may be technically correct, but only after 100M was raised did most realize it takes 7 weeks and entails a somewhat complicated process. 3) Upon release, many will sell their ETH in an attempt to capture the 80% gain. That means the DAO will likely trade at a discount. This will fuel tension. 4) Here's the longer-term problem. Most of the ETH devs have put their reputation on The DAO. Although, Gavin Wood was smart enough to [pull out and distance himself from it](https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.rs855k8c2). You have a $150M (illegal?) raise. Every regulator in the world is going to take aim, and all the devs including Vitalik himself are "signatories." BTW, you can try to reason this away, but the reality is daohub is raising money and their pictures are below this statement: >The DAO relies on its Curator for failsafe protection and is incredibly privileged to have a high profile set of signatories. The DAO’s Curator multisig holders are: All of the above doesn't even take into account some technical problem, or infighting in [DAO business and proposals](https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa). Anyway. Those are my thoughts. I'm not short, just not near as long and will watch from the sidelines. The DAO is a fantastic experiment, I just wish it was much smaller, better explained, and the devs aren't signatories.

ethtrader

>7 weeks and entails a somewhat complicated process. Yes, 7 weeks. Though, it takes 7 days until they are out of The DAO and in your New DAO. In case anyone wants to know how "complicated" it is...I would say not very. Tedious, YES. Complicated, no. Here's the step by step that I'm 10/48 days into and will be updating as I continue the process. Take it one step at a time and you will be 100% fine. It's almost exclusively select a function -> enter your address -> press okay -> repeat -> wait -> repeat: https://daowiki.atlassian.net/wiki/display/DAO/Step-by-Step%3A+Splitting+the+DAO

lz5abu

How EIP-1559 Could Send Ethereum Prices to $20,000

It seems this $20,000 price prediction is a recurring theme, many people quote this exact same number (eg. Raoul Pal). Another rarely-discussed bullish effect of EIP-1559: since miners receive less ETH, they also have less to sell, this reduces selling pressure of ETH! Less selling pressure means ETH can climb more easily. This could be as important as the more famous deflationary aspect of EIP-1559. Source: https://beincrypto.com/eip-1559-send-ethereum-prices-20000/ The proposal would also dynamically burn fees which would also have an effect on the ETH supply. This should eventually reduce issuance over time when proof-of-stake gets underway. Berckmans argues that this is effectively giving ETH back to holders and not miners as the asset increases in scarcity through fee burns. Additionally, miners currently need to sell their ETH to cover costs, so without this selling pressure, the asset has more room to grow in value.

ethtrader

I think Raoul Pal's thesis for a 20k ETH by the EOY was based on Metcalf's law for which he simply plotted the price of Bitcoin and Ethereum vs the number of active wallets. EIP 1559 had little to do with that, however, your argument is correct imo. EIP 1559 does make the whole Ethereum ecosystem deflationary, especially during the times when the network is congested. With ETH 2.0 and sharding the transactions capacity will be 1024 times ETH 1.x, which will make it an overall deflationary currency during times of high congestion as the issuance is being reduced and the burn rate is increased. Having said that, I'm not exactly sure if a deflationary currency is actually better for the network as it would incentivize people to hoard ETH as it becomes scarce and thereby won't leave enough ETH to be used for transactions causing a hypothetical liquidity crisis.

5s0oj2

Is it safer to keep $100,000 in a major bank or smaller credit union?

As the title says, should I keep $100,000 in a major chain bank, or a smaller credit union? Are there pros and cons to each? I'm guessing the interest would be better at the credit union, but maybe the security of the big bank would be better?

personalfinance

There is a lot of misinformation on here. Please go to FDIC.gov and read their explanation. If you don't like reading they have short videos to watch. If you don't like short videos or reading they have a 7 days a week phone number you can call to ask a professional. IMO 100k kept in an insured account for the sole question of safety would be better kept at a large institution, but only nominally so. Not because it is better insured but because a large bank would be less likely to fold and therefor less likely that you would have to go through the process of recouping any funds.

bevy2a

Mistaken Internet Payment

So I was transferring my savings ($6,000) to my new bank account when I realised I sent it to the wrong account. Instead of my account number, I used my client number. I have notified CommBank about it and they have sent a Mistaken Internet Payment request. ​ It's only been a few hours but my money hasn't bounced back so I'm assuming it's an actual account. Has anyone had any similar experiences or advice on next steps? What are the chances I will not get my money back?

AusFinance

This is just from my experience with CommBank, I transferred money to another active account and wanted it to be stopped and they said that it could take up to 8 weeks for it to be returned. However, If it's transferred into a non active account it will get bounced back within a couple days with a small fee taken away.

lk6d9v

Z1P vs APT - Battle of the BNPL

I've been throwing around the idea of being doing a deep dive on Z1P as it stands now, but because the chatter is often around Z1P in comparison to APT I thought it was better to frame up a legit discussion surrounding the key differences between the two companies as an investigation into whether or not there is actually a significant discrepancy between how the market is valuing them.  (Note: this is a pretty top level outline and my first time doing anything like this so sorry if I missed/misinterpreted anything. Obviously DYOR) Z1P quarterly report key highlights for last quarter: * Revenue of $102.0m (up 88% YoY) * December revenue of $40.2m (up 94% YoY) * Transaction volume of $1.6B (up 103% YoY) * Customer numbers up almost 100% YoY * Equity raise of $176.7m to fuel US growth * Info regarding upcoming updates about ZIP Business - including Trade and Trade+, and a partnership with Facebook (it appears as though just in Australia to start with) Z1P US subsidiary Quadpay key highlights: * 915k customers joined the platform with the app downloaded 1.8m times * Chrome Extension launched in November (INDUSTRY FIRST) enabling customers to pay on any website - essentially uses a virtual Visa card, super clever application * Among their new merchants is Newegg for all my fellow computer nerd autists ZIP Net Bad Debts and arrears: The report goes in to this more, but just to highlight it briefly comparing 31st of Dec 2020 to 2019 - Arrears is down by .63%, but bad debt is up slightly by .25%. Not a massive change in either figure, but an important highlight considering revenue has grown, so the dollar value of these numbers has grown. As money is essentially the raw material used by BNPL firms it's essential to consider these figures when comparing to APT. APT gross loss at end of FY20 was 0.9%, which translated to $94.5m - a change of -0.2%, but due to increased revenue an increase of 61% from 58.7m in 2019. Comparison of Market Cap (all values accurate at time of writing): Top Level Value - Z1P: * Shares Issued - 552,322,326 * Market Cap - $6,920,598,995 * Share price - $12.53 Top Level Value - APT: * Shares Issued - 285,155,191 * Market Cap - $43,908,196,310 * Share price - $153.98 If your sole metric for valuing a stock price is market cap and shares issued, then sure, Z1P should be trading somewhere in the $70-80 range... but we all know that is a ridiculous statement. We all saw the recent AFR article about ZIP allegedly being "significantly undervalued" when compared to APT. The main points of the article were that APT has 2.6 times total transaction volume when compared to ZIP, but APTs market cap is 11 times bigger than ZIP. Again, it's weird to take a single metric and use it as the defining factor for comparison. In my view, there's three key metrics that are important (but again not definitive) when talking about an BNPL company - they are revenue, total transaction volume, gross margin. In a sentence, this is why I think these three metrics are the top line key numbers to look at: Revenue - obvious key indicator of underlying performance. Total transaction volume - In my mind, this is a useful metric to assist in judging market penetration and brand recognition when comparing to other BNPL companies. Gross margin - How much money a company is accumulating  Gross Margin: * Z1P - Approximately 33% * APT - Approximately 74% Revenue (FY20 reports) * Z1P - $157m * APT - $519m Total Transaction Volume (FY20 reports) * Z1P - $3.2b * APT - $11.1b TLDR: APT significantly outperforms Z1P with higher revenue at a higher gross margin allowing them to drive more capital in back in to the business to facilitate growth. When comparing the two companies it is reasonable to see that APT should be trading at a significant multiple when compared to Z1P. The real question should be is Z1P undervalued as an individual company, sans comparison to other BNPL firms. In my opinion, the fundamental growth in revenue and transactions that Z1P has seen, with the additional resources from the cap raise to fund growth in the US market, as well as the launch of the Quadpay Chrome extension are all key reasons why the Z1P share price should be higher than it currently is. How much higher is hard to say and the above statements are excluding the obvious fact that the two companies have different offerings in the BNPL space. What range do you think Z1P should be trading in? Also there is a rumour that Z1P is going to make an announcement about something in February - my guess is probably about Z1P business, or UK growth, or about a US listing or investors/partners, but what do you think?

AusFinance

The simplest way of looking at it and the reason I bought zip at $2 is because ZIP and APT are so similar, and frankly Zip is a better app in my opinion, the disparity between the two is just too massive. Z1P will rise to $30 by EOFY i have no doubt

uf2cu0

Buy house or wait?

I have 70k in savings. 30k invested in stock. Joint income of ~120k. I’ll be receiving a 200k inheritance in the coming month. I don’t own a property and I don’t have any debt. I’d like to own my own property. I’m not sure if it’s wise to wait or just go for the house when it comes up? The market in Adelaide seems pretty hot. Should I wait? If I do purchase should I be buying a ‘cheaper’ property and invest the inheritance elsewhere? I’ll likely never receive this amount of money again. I’d appreciate any input!

AusFinance

I would wait at least a little bit bro. Adelaide is lava-hot right but the standard point of view on the economy is that things will have to slow down. It's not like you're buying in Perth where you can say "Oh, this will cost less than it did in 2014", Adelaide is literally at an all-time high and the future looks murky.

95qvzc

Emergency Funds Save Lives

Long time lurker here. I’m a college student with little to no money. After reading through this sub, I decided to start an emergency fund with what little I had left over each month (I have a part time job that helps out). After months of saving, I got it up to $500. Not a lot, I know, but a lot of work for how little I make. Long story short, my dog got sick unexpectedly and I had a $300 bill from the vet handed to me at the end of the visit. Though it still stings a hell of a lot, I know my pup wouldn’t have survived without the treatment, and I’m not going to be late on any bills this month because of it. If anyone needs a reason to start an emergency fund, here you go. Even if it’s only a couple hundred dollars, its worth it. Edit: Not that it matters too much, but I’m a woman Edit 2: Aside from some tangential comments down towards the bottom of this thread, you have all been wonderfully supportive and positive. I will be sure to take the tips you all gave me into consideration for any future money moves. Thanks so much! Also, here’s some puppy pics: [puppy pics](https://imgur.com/gallery/uiz4JfB)

personalfinance

Some of these comments... sheesh! I think you did a great thing. Our furry ones are family members and what is an emergency fund for if not this? Great job saving! Try not to get too down about having to rebuild it. It’ll come along faster than you expect :)

1apeeh

Long-term girlfriend (possibly wife soon) has 100k in student loans. I have zero debt. Advice?

I'm in a very committed relationship and am probably going to be proposing in the relatively near future. Here's what I'm worried about- my girlfriend is graduating in May with 100k in student loans with a minimum payment of about $1000/month. I have no debt. If we get married, I'm willing to help her out, but I don't have a very high income. When she graduates, she'll be working as a bartender and auditioning for performance/acting gigs a lot, so her income will be pretty low too. What's the best way to handle this? If I marry her, will it ruin my credit? Do we have any options to lower her minimum or are we just going to have to budget like crazy? **Stats:** My income: $33k/year net (after taxes and 401k deductions at 4.5% for company match) Rent: $500 each ($1000 total)/month EDIT: Wow thanks for all the hundreds of comments, r/personalfinance . I know this is going to suck and I know that she probably shouldn't have paid $100k for her degree, but the damage is done and I'm just trying to make the best decisions moving forward. So, thanks to those who offered actual advice and not further criticism of her past decisions. After all, it was a choice she made when she was 18. I don't know about others, but I'm 300% more mature and wold-smart as a 22 year old than I was as an 18 year old. It's crazy that 18 year olds are even allowed to borrow 100k for this sort of thing. I'm getting all the particulars of her loan agreement soon, so hopefully we can start planning to put this behind us in a while (yes, I know, a very long while). Alternatively, there's a very small chance I'll win the lottery, so there's that. EDIT 2: Yes I'm getting a pre-nup just to be safe. EDIT 3: I found out the debt is actually closer to $120k at this point. FUCKING FUCK. This sucks.

personalfinance

>What's the best way to handle this? You will have to decide. >If I marry her, will it ruin my credit? Probably. If you maintain separate financial lives, you may preserve your credit, but marriage is about joining lives not keeping them separate. >Do we have any options to lower her minimum Yes. Apply for income based repayment on federal loans, like fakedoctor11 said. Private loans: call the servicer and explain the situation. Give them hard numbers, like monthly income, rent, utilities. They may offer graduated payments, or they may not care. You are at their mercy. Also, any loan forgiveness is taxable. It is not unrealistic to get income based payments that are less than the interest, the loan balance grows, and after 25 years the debt is forgiven, and you get a bill from the IRS for 30-40 grand. Due immediately. >or are we just going to have to budget like crazy? Yes. Get on a budget. A tight, crazy tight budget. Do you watch basketball? Have you got your brackets? Now that my wife is no longer reading, let's get down to it. I love my wife. We are happily married. When we got married, I had no debt, small savings, and a solid education in a stable field. My lovely wife had a degree in a field she loved, and massive debt. She had good reasons for her debt. I figured I could help her out; we could pay them together. Fourteen years later, we are still paying those debts. How do you think Syracuse will do this year? You see, my wife is a spender. If she has money, she spends it. Saving is foreign to her. She understands budgeting in theory, but it doesn't come naturally. That has caused many rough patches in our life. Long hours, overtime, side jobs, a rollercoaster bank account, skipped vacations, and blown bonuses. She is the most wonderful and amazing woman in so many ways. But not money. I love her deeply, in spite of it. Money is not a deal-breaker for me. Is it for you? Are you ready to do what it takes to work through the debt and its underlying causes? Work your ass off just so you can break even? Because of choices she made? Your girlfriend has the symptoms of a spender. Do me a favor and deal with it now. It would bring me joy to know some young redditer was happily married because he learned from my unpleasant journey. Get counseling. Not the reddit-doctor kind. Real counseling, where you can talk about money, budgets, freedom, trust, choice, and love in a safe respectful and productive way. Money and spending are often psychological. I wish I had known what I know now when I got down on that knee. It might have prevented a some of those darkest moments in my marriage. And maybe we'd be going to Europe this June instead of moonlighting on my furlough days to make those damn loan payments. TL,DR: you marry the whole package:beautiful woman, massive debt, decisions and choices that led to the debt. Deal with all three. And my wife doesn't listen when I talk about basketball. Edit: formatting and spelling

nicwb0

When Bitcoin and the overall market was at its peak, friends and family were asking how to get in. Now that it’s down, those same people are staying away.

We’ve all seen this in one way or another, hell maybe some of us has exhibited this ourselves in the past. I’ve had friends and family tease about crypto back in 2018 after the crash when just weeks ago they were curious and were talking about how they wish they had taken advantage of the opportunity before it blew up. Though when this opportunity re-presents itself, they run for the hills. This is repeating itself now and it’s only a fraction of what happened in 2018. It’s not easy sticking to your guns and continuing to hodl and make reoccurring purchases through the dark times. But when you do, and you’re now up 1000%’s they’ll call you lucky. Luck is often when preparation meets opportunity. Stay prepared and the opportunity will present itself. Granted, recent market conditions are only an extremely small blip compared to the 2018 crash and ensuing bear market, but the pessimism is already apparent.

CryptoCurrency

Exactly the same at work. On the 19th when the arse fell out everyone was buzzing. I said anyone who was interested in buying when BTC was 60,000 should love this opportunity for half price BTC. Nobody responded.

i2cf9t

Those who invest in tech, how much of the underlying tech do you understand?

Investors who invested in SaaS companies are reaping record profits, but I wonder how much of the underlying technology they actually understand. As someone not in the tech field, when I read a detailed assessment of such a company, I can understand a little of it, but much of it goes over my head. I can understand basically what the company does, but I can't determine if the company has much of a technological lead over the competitors. How much of the tech do you feel you have to understand before investing, and is there a way non-tech saavy people like me should approach such companies?

investing

Software engineer here with a small dose of electrical engineering. I understand all of it and often that'll be a disadvantage. I can identify the superior product but that doesn't mean it will be successful because it doesn't matter what I think. John Q decides what to buy and what stocks to buy. They're the same people that bought the wrong zoom stock so in many ways coming from a fresh perspective and picking something more appealing to consumers over the technically superior product would be useful.

vgd2dw

Genuine question: what happens to Bitcoin if mining become unprofitable due to long periods of low price?

I have seen this question asked here and there but have never seen a good answer. Recently I read articles (is it FUD ?) saying that with Bitcoin under $20,000 miners lose money. I’m sure they can have a couple of negative weeks or months but what would happen if Bitcoin goes to $10,000 or lower and stays there for months or years until the next halving that would make it even more difficult for miners. As of now the hash rate seems to be unaffected but I can’t imagine miner running at at lose.

Bitcoin

that's not a thing. if a certain miner becomes unprofitable, maybe he quits. but there is no price where bitcoin becomes unprofitable to mine. it's a dynamic market. asic prices aren't fixed. energy prices aren't fixed. everything is a negotiation between buyers and sellers.

sdyaas

Apple to Rival Square by Turning iPhones Into Payment Terminals

stocks

I've posted on some other comments here, but just want to say that Apple's entry into the electronics payments on the seller-side does not mean it's automatically going to dominate and put Square and other fintechs out of business. First, while SQ's original business was the credit card payment terminal that you could attach to your phone, it's grown far beyond that over the years. SQ doesn't just provide a payment terminal for small businesses, it provides services that are needed for running and growing the business: keeping track of inventory, payroll, insurance, taxes, reward programs, and even loans. So if I am a small business owner relying on SQ's services, I'm not going to start using Apple's payment terminal and abandon SQ unless they provide something equivalent in terms of business services at a similar cost. I'm not familiar with what Apple plans to do besides what's written in the above article, but I don't think they've set the groundwork to provide such services. Second, SQ's business has also grown beyond the seller-side with the Cash App digital wallet becoming a multi-billion dollar business. Not going to go into detail about that here, but I think it's important to remember how diverse SQ's business has become in about a decade. Obviously there's competition and risk, that's true with investing in any company, but I do think that SQ will be a long term winner in the fintech space.

1nhtm6

Government has officially shut down

Congress has for the first time in over a decade failed to reach an agreement over the debt ceiling. Could be a good thing, could be a bad thing. How are you going to take advantage of this?

investing

This wasn't actually the debt ceiling debate. That comes up later. This one was the annual spending bill shrouded in Affordable Care Act amendments. I guess the silver lining is that we haven't defaulted on our debts...yet.

l3ufji

PSA: Mental Health and YOU (Community edition)

I hope this post is appropriate. I haven’t seen anything like it. Last week was exhausting (and I was mainly just watching...) No doubt people are drained from stress, flying, falling, fear, ecstasy. This is especially true if you’ve partaken in drugs, alcohol, sex. No judgement, I just want you to do your laundry after the ecstasy to prepare for whatever is to come. Blood or angels. Many no doubt have wins and losses, and there is a huge amount of depletion that occurs inside of the brain and body after serious events. People need to refuel. It will help sharpen you for the coming week. Tips: - Go for a walk/stroll outside. Smell anything out there. - Eat a balanced diet today. Load up on veggies and fruits. Drink a lot of water. A lot. - Make dinner with your family. - Crack jokes. - Take a cold shower (“Wim Hof method”). - Express and feel gratitude, starting with basic things like the fact you have eyes and can see. Try for 3 things, even if you are down. - Search your maps for a float therapy (“isolation tank”, “floating”, “sensory deprivation”). This usually costs $70 and is a pinnacle experience. Trust me. I’ve been floating for years and you bet your ass I went today. - If you can’t do the above, meditate. - Read a book - Draw - Pray u/SweetEmbraceableYou - If you have trouble sleeping: Chamomile tea, and Valerian Root or Melatonin u/2ticketstotendytown - Yoga u/Goin_off - Wear comfy socks. If you don’t have comfy socks, splurge and GET SOME. u/hello_hack0r - Intermittent fasting with internet devices u/dontbeastranger read more at [link to his comment](https://www.reddit.com/r/wallstreetbets/comments/l3ufji/psa_mental_health_and_you_community_edition/gkifecy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) - Call your mom u/slammerbar - Relaxing bath with a bath bomb u/slammerbar - Light incense u/slammerbar - Masturbate, without porn (many users, but I added the no porn part to challenge the status quo. That’s the mental health part: NO PORN) - “Gym brotha, gym” u/Clear-Unit4690 - Jiu-jitsu, Muay Thai, MMA u/brrduck read more at [link to his comment](https://www.reddit.com/r/wallstreetbets/comments/l3ufji/psa_mental_health_and_you_community_edition/gklca6m/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) - Give someone a hug u/Snow_Walrus4679 - Supplements: multi-vitamin, 5HTP, mushroom supplement u/Objective-Guava-3880 read more at [link to his comment](https://www.reddit.com/r/wallstreetbets/comments/l3ufji/psa_mental_health_and_you_community_edition/gklc3nv/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) - Add L-Theanine (amino acid found in green tea) to your coffee. It’ll take the edge off. u/Berlinboy015 - Have a good cry... thanks everyone 🥲 time for me to practice what is preached! **TL;DR** I want you to be the best you this coming week so that you survive, because the market has no barriers. It has no boundaries. You need to have a fresh mind and body to take on the volatility and pure Gs of a rocket ship. It is abso-fucking-lutely terrifying for some people. Whatever plays you’re making, please go into the coming week with a clear mind. I especially recommend floating in a sensory deprivation tank. Share your ideas in the comments, and when inspired, go do that thing. Please. For yourself. 👊 God speed, retards 🚀

wallstreetbets

The energy in this sub brought me up off depression. I grieve a loss greater than all the tendies in the stars. Thank you for talking me off the ledge and back into trading. I need this community as much as my nature walks and my head shrink

751v39

Story Time: My Professor Talked About How Jamie Dimon Thinks Bitcoin is Scam

* >started my crypto journey in 2013 after the first bubble * >fast forward to last month * >break the 21 bitcoin mark * >celebrate by giving some biz anons some btc * >want to start playing in the big boys league * >take a class at a local college for stock market investing basics * >first day of a class, a student (not me) to my surprise asks the professor about what kind of asset class bitcoin is * >the professor responds by saying bitcoin is just a tulip bubble * >he literally mentions that Jamie Dimon thinks it's a scam as a talking point * >no reference to the technology * >I don't say anything... * >but an opportunity arises * >the class plays a semester long game where each student gets to pick one stock * >the professor then tracks all these stocks as a class portfolio and reports on the results/changes each week * >normies pick things like TESLA and SNAP, which have tanked 5% since the start of class one * >I pick Bitcoin Investment Trust (GBTC), the stock that tracks the bitcoin price * >the professor says "thats a new one" * >this was literally the week when CHINA BANS BITCOIN happened, and we were in a huge dip * >next week, GBTC is up 20% * >I'm expecting the professor to eat his own shit at this point in front of the class to make amends * >instead he pulls some bullshit where he says he wasn't able to find my stock, so couldn't add it to the portfolio * >I calmly let him know what the ticker symbol was again GBTC, "oh i thought it was EBTC" * >Next week, class three, i enter the class room, make eye contact with the professor and nod at him, he looks down in shame without acknowledging me. * >have my notes all prepared to call this guy out * >25% increase for GBTC since week 1 * >first in the class * >second place is only up 15% * >no doubt * >the professor bites the bullet and as casually as possible mentions that bitcoin is in first, up 25% * >next week, he has to do the same thing * >he then asks who picked the bitcoin stock, as if he doesn't know. * >I raise my hand, still doesn't see me * >say "over here" * >sees me and says, "well lets see if it keeps up" * >I just grin, showing my teeth I'm honestly considering giving him some bitcoin. But I feel like there's a better way to fuck with him and blow his mind/change his mind at the same time. So I'm open to creative suggestions/thoughts about this situation. looking back at this, it reads like a tv episode. but all of this actually happened to me, strange world.

Bitcoin

Your professor is in an entrenched defensive mode. He is experiencing deep cognitive dissonance for not understanding what value is, despite that literally being his job. He was taught to think the way he is thinking, and he hopes he can outlast this challenge without deconstructing everything he knows. Be gentle. Do not give him any bitcoins. Find the value language that truly questions the difference between fiat and commodity money. * Ask questions about why commodities have value. * Ask lots and lots of questions about why houses sometimes sell for more than they can rent for over the course of the mortgage. * What are people doing when they look for value that the government cannot inflate away? * Is everything an equal safe haven, or are some assets more receptive? * What is the role of the network? What other companies are valued for their network?

muv9mz

Gamestop is banking their reputation on the MOASS. This is why I am bullish.

This is it. We have all seen their marketing campaign. They are cashing in on the hype around the MOASS. Toady I saw someone posted a listing for the game "Millionaire" on sale. They know what they are doing. They know that if they hype something that isn't a sure thing, there is a good chance it will ruin their reputation in the eyes of their most valued customers. They want our continued business long term. They are comfortable in this position.

Superstonk

I’ve been thinking the same tbh, they’re hinting that they know without exposing themselves legally. Also, please tell me you’ve seen Chewy’s recent ‘Main Squeeze’ tweet? ....and the comments / replies below? https://twitter.com/chewy/status/1383420090217996292?s=21 EDIT - thank you for my anonymous ASE award :D I hope you're able to reveal yourself at some point in the future!

y1kna4

CD rates predictions for the next year?

Right now the rates can reach 4% for 3-5yr cds. Inflation seems that will take some time to lower. Last labor report seems to say the economy too hot and my guess inflation report coming Thursday will keep inflation around the same as last month. So most likely the fed raising rates which would increase cd rates …eventually. Anyone think rates will go up some more? It’s impossible to predict of course but they’ve have gone up a lot on the past year so maybe they reach 5 or 6 percent rate for 5yr cds? Ibonds reached 9% so it doesn’t seem too far of for cds to maybe offer bigger rates, I guess. Any takes?

investing

I'm pretty sure if you wait till March or so it'll be higher. With the Fed's history, I'm sure they'll overshoot it some and cause some extra pain but it doesn't mean you can't lock in those rates while it's good. Edit: Overshoot meaning, I think the rate of rate hikes are going to punish the economy harder than they think.

cvmewj

I'm living in poverty and desperately need advice to escape it (UK)

I live in the north of England in a coastal town with relatively few opportunities to get a job. I've used the services provided by the local jobcentre for trying to get a job for the past 3 years but that has amounted to nothing. I have enrolled onto seven different sector-based work academy courses over the past three years but I've never got a job after completing them (each course has been about 6-12 weeks long). The courses at the local college are too expensive for me; and the Open University, which my jobcentre Work Coach told me is meant to be a cheap alternative for poor people, have courses that cost thousands of pounds to access. I have tried job agencies such as Castleview Group and have even completed a course provided by Castleview Group, but I've only been successful in getting a job through an agency once, which occured just over three years ago; the job I got then lasted only a week. I have also completed several CV writing, interview, and job-searching courses over the past three years. I've been on so many courses now that my Work Coach refuses to register me on for anymore of them. I'm now in a position where my Work Coach only sees me once every two months because there's nothing that works for me. I was diagnosed with Autism Spectrum Disorder two years ago (I'm 25 years old now); this may be part of the reason why I've only been successful once in getting a job. However, I don't look disabled and I'm not mentally retarded. If I was diagnosed several years ago, I would have been diagnosed with Asperger's Syndrome. Can anyone reading this please give me advice. I've tried looking for free courses online that many people say are great alternatives to college (I've already been to university and have a two-year history degree) but I can't find them. I'm also unsure of what careers have the most potential for growth and stability in the future because of widespread automation. I'm in such a desperate situation now that my sister has moved out because she used to help me with bills, rent, and food. I only have enough food for the next 6 days. I'm also approaching insanity; I don't think I can maintain my sanity for much longer. I just need to do something that will get me out of this situation -- do not recommend I see a mental health specialist because that won't end my poverty, hunger, and desperation. Just give me the advice I want. I have no family or friends to ask for advice (my sister moved out because of an argument we had), so please don't say that I should rely on my current social network because I don't have one.

personalfinance

I would get on the phone with the National Autistic Society. They have [a helpline](https://www.autism.org.uk/get-involved/about-us/contact-us.aspx) for peeps like us. Use the Online Enquiry form if you need to go into detail. Be sure to explain your dealing with Autism Initiatives and how they've been unhelpful. As someone on the spectrum who has had long spells of joblessness and poverty across the pond, I wish you luck.

vik9or

A clear shift in attitude since early 2021

I recall being worried if I would be left "holding the bag" in February 2021. I was worried people would sell and I'd be left out. There were posts checking in proclaiming that they were not selling as price drops. That attitude and outlook is totally absent for months in this subreddit. Dips are seen as sales and 160k apes have registered shares in their name. Individuals are registering shares every day. Float goes down and my tiny stack grows each paycheck. I have no worries, I have no concern, 100% of the float locked by DRS is enevitable. I have time, I have patience, I have shares and hedges are so fucked. DRS is the way. Lock the float.

Superstonk

I remember having a mini heart attack the first flash crash that occurred after the sneeze. At that time I had maybe 15 shares and I almost paper-handed then. Not only did I not sell then but I’ve clawed my way to XXXX shares and locked every one of those bastards up for safe keeping with a nice purple padlock. I believe the DD is correct. I believe in the transformation of the company. I believe they can f*ck off and pay me.

rgjdct

We’ve essentially frozen Kenny’s Assets

Hear me out. The fact that Kenny G has aged about as well as a ripe banana being used as a football, is clear evidence that his is under an insurmountable amount of stress and pressure. His sole focus has clearly been on finding a way to survive another day and it has taken a toll on his mayo covered pumpkin head. This fact alone shows the world that he is not relaxing at Lake Como drinking 25 year old scotch or soaking up the rays on his yacht in Portugal. He is stuck in a concrete cubical grinding it out like the commoner he is. All his money is useless because we are taking his time. Money without the time to use it is pointless. He’s working for us now!!! Look at me Kenny Boy!!! ✌️You work for me now.

Superstonk

I would believe he's broke if he didn't just buy the Constitution out of spite for retail. The sad truth is that when this all comes crashing down Kenny will have already laundered billions through offshore accounts and art/real-estate sales. The real goal should be to expose this and put him in a cell.

mpqjh3

THE STARS ARE ALIGNING FOR THE MOASS

Good evening fellow apes! Longtime lurker here. I was just eating some crayons my wife's boyfriend got me and it hit me! I believe the stars are aligning for the MOASS. I must confess I normally don't believe in astrology but I think mercury is in my Gatorade or something and it has me JACKED TO THE TITS! What year is it in the Chinese zodiac? **Why it's the year of the Ox of course. BULLISH AF** Okay but the month? **It's APEril ya fuck and in the Greek zodiac it's Aries until the 19th for we are at war.** That's all Greek to me. What about the birthstone? **D I A M O N D** Oh snap. So what's after Aries? And what's next month's birthstone? **TAURUS and EMERALD. That's right you shit slinging ape! Just like a shiny** [**Tauros**](https://steemitimages.com/DQmWkQ5gThiyX5oU9CpqTHBo72KcVhaeqDB2JnF8WedUkxk/Ursaring%20and%20Tauros%20Bull%20vs.%20Bear.png)**, it's a green bull.** I'll see myself out. EDIT: Thank you for all the awards and positivity! **LOVE ALL YA CRAZY APES** 💎🙌🏽🦍

Superstonk

Ape numerologist here. I was your 333rd upvote for your post (that you happened to post 3 hours ago.) What does 333 mean? **significant growth** “Angel number 333 is a sign of significant growth in a positive direction, so have confidence in yourself moving forward that this is the best time to focus on thinking positively.” 🚀🚀🚀