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winddude

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reddit_finance_43_250k

like 40

qx07iw

If Bitcoin doesn't reach 100k by EOY it will be a huge reminder that the market is unpredictable.

I'm very bullish on Bitcoin and crypto, but EOY is not so far away yet BTC is not close to $100k. I do believe that BTC could reach 100k by EOY, and my market top prediction is more than 100k. However, it is possible that we don't reach this goal before 2022. Bitcoin to 100k by EOY was one of the most shared prediction in the crypto space, and if we don't reach it, it will remind us that nobody can predict the market.( Which we already know, but sometimes it's easy to forget). TLDR: I hope BTC reaches 100k by EOY, but if it doesn't, it will be a huge reminder that nobody can predict the market.

CryptoCurrency

What with this EOY thing? Why does it *have to do this by then*? Is it a Christmas thing, or a 4 cycle thing, or a Plan B thing or what? Why can’t we hit 100k in February 2022? Or April 2022? Or July 2022?

wykffd

If today's plunge is due to hawkish fed why are bond funds not down?

My impression is that when expectations for interest rates go up, bond NAV prices plunge because existing bonds need to be discounted to compete with newly issued ones. But today, although the stock market has cratered, bond funds like BND and BLV are pretty flat. So is this crash really due to hawkish fed or is there something else going on?

investing

Bonds aren't one big thing. Different parts of the bond market reacted differently. * Short term treasuries are down because they reflect near term hikes. More hikes reflect in higher short term rates. * Long term treasuries are up because a growth slowdown from that hawkishness makes locking in a good risk free rate before they pivot more appealing. Hawkishness means less inflation worries so better chance the yield will be positive in real terms. * BND are medium duration corporates. So they benefit a bit from the duration trade but suffer from the corporate slowing risks. High yield (riskier companies) got hit harder. tl;dr If the fed is going to kneecap the economy short term people want more of the long risk-free type of bonds.

bbaluw

Learning to Invest: bonds vs. bond ETFs

Part 2 of my "I read investopedia, but still confused about this..." series: Apart from diversification, what's the benefit of bond ETFs? I thought the whole point of buying bonds is that they are NOT a stock, pay interest rate and are safer in case of bankrupcies. But ETFs trade as stocks, so doesn't that just go against the point? Do they pay a dividend that reflects the overall interest or how is it paid? Is the price as volatile as other, stock-ETFs? Please illuminate this investing scrub.

investing

Bond ETFs move just like bonds, pay the same rates (minus any expense ratio), and are safer in bankruptcy than equity. The price is as volatile as the bonds in it. Very long term bonds and ETFs holding long term bonds can be quite volatile, in some cases as volatile as stocks. If you thought bonds do not move in price, you would be wrong. Shorter term bonds are less volatile and treasury bonds of only a few months in duration are considered a cash in investment contexts with no volatility. Corporate bonds, especially those with lower credit ratings aka high yield or junk bonds will be more correlated with stocks. Here's a [comparison](https://stockcharts.com/freecharts/perf.php?SPY,SHV,SHY,IEI,IEF,THL,TLT,AGG,LQD,HYG&p=6) of a few different bond ETFs and SPY.

5aig2e

Daily FI discussion thread - November 01, 2016

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

After a pretty unsuccessful couple of months of job searching, I got a phone call 2 weeks ago from a recruiter I had worked with before. She set up a phone screen and then interview with a company I actually really liked, and I'll be starting in 2 weeks with a 60% salary bump. Always a little scary to switch jobs (I really do like my coworkers now), but I was pretty underpaid and the salary increase should help us towards our goal quite a bit.

pb3vhz

Just hit the 1M mark!

28 M, wife and two kids, one more on the way. Just wanted to share this success since my wife doesn’t care too much and can’t tell anyone else. I have been hovering close to the 1M mark for the last couple months but finally feel pretty good that I’ve firmly taken that milestone. ————————— Intemission Edit: I feel like I need to add more FIRE details because I mostly talk about the last year below. I didn’t get to 500k at 26 in 2020 without living well below my means for all those years. Until 2020 I was about 80% Vanguard S&P500 index fund and 20% company stock. 2011 18k/yr, 2012 promo 24k/yr, 2013 new job, promo part way through 32k/yr, 2014 promo 45k/yr, 2015 stock vest coming in 70k/yr, 2016 promo 105k/yr, 2017 stock vest bumping to 140k/yr, 2018 promo 200k/yr, 2019 great stock vest 210k, 2020 promo 250k/yr. 2015,16 and 17 my wife also worked and brought in 55k, 65k and 85k. Getting to 500k was steady between 2013 and 2020, I actually got up to about 600k before the S&P500 tanked. The biggest thing for us is that our expenses haven’t climbed much over the last 8 years, we were in a HCOL in the Silicon Valley until but no kid until 2017, moved to a MCOL area in 2018 and the wife stopped working. Some of the things that have really helped keep expenses down even with kids: my wife always shops deals, so if chicken is on sale we are buying and freezing, most of my clothes are old navy discount racks, we keep monthly subscriptions low (just Prime and Netflix, no cable or anything), I’m big on DIY and would say very handy, I do most all the work at the rental and at my house, my wife is very active in our neighborhood free and classified pages, all my kids shoes are lightly used on the cheap and so many toys that were cheap or free and then we put the toys they are bored of on there too, and we rarely eat out, max once a week. —————————— back to the original post Some backstory, been a lurker and commenter for at least a few years. Been unofficially practicing many of the FIRE principles for most my life. Wife and I are both frugal. We both worked until our first kid was born four years ago, now it’s just me. Yearly income is about 250k/yr. Operations management in a company you buy stuff from probably weekly. Asset breakdown is 45k cash, 675k in investments, 318k liquid, the rest in retirement accounts. 126k in equity in a duplex, payment is 1.5k/month, pulls in 3k/month. 222k is equity in the house I live in. 1.068M total right now. 2020 and 2021 have been really good to me. I had a couple of windfalls that helped me move from ~500k to 1M. I am very risk averse and took a couple bets I thought had very low down side. I was pretty heavy in my companies stock which didn’t feel the affects of COVID. In March I sold basically every investment I had (except 401k, ~200k) and put all that money into travel stocks (airlines, cruise lines, and hotels). I sold all of these shortly after the 1 year mark in March 2021 and made ~130% return on average with PK and RCL being the biggest at 190% and 200% and the lowest being DAL at 80%. Next my rental property and home have both increased in value by at least 20%. I have fairly low end values for those and could possibly get over 100k above where I have them. I am very close to selling the duplex to take that quick gain. The second thing that has caused some volatility for me is that I am an ape and hold 1k shares of GME, it’s small enough that I feel comfortable being firmly above the 1M mark but it has caused some wild swings. The plus here is that my initial purchase was 310 shares at $44 which is currently a 374% gain, but I have averaged up to 130 over the last 7 or 8 months. Not the standard FIRE individual but took some risks to try and speed things up which has so far worked. I’ll include a link to a Mint graph of my net worth. Please imagine that the line is smooth. Mint can be weird, for awhile I had my house without the loan, so there was a period in like 2019 where it shows a huge spike in net worth and then it drops when I was able to link my loan. https://imgur.com/a/pEdEX3X

financialindependence

Hmmm. Mixed feeling about your story. Was hoping you’d describe how you lived below your means, had diversified portfolio, etc. IMO the “shortcuts” are a red flag. Yes they worked for you of course. This time. But I’m concerned that you are sending the wrong message. I think you were lucky. For reference, look up the bet Warren Buffet made to see if mutual funds could beat the S&P500. They didn’t. What makes you think you can pick stocks better than the pros? https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp

y733s6

Carl Icahn's Blockbuster Mistake

Anyone notice that Carl Icahn took a large position in Blockbuster back in 2004? And took a huge hit in 2010 when Blockbuster went out of business? ​ From the article in Business Insider: [https://www.businessinsider.com/carl-icahns-blockbuster-mistake-2016-5](https://www.businessinsider.com/carl-icahns-blockbuster-mistake-2016-5) Here's the confirmation bias part of the article: >**Here's a look back at one of Carl Icahn's gigantic mistakes** > >....But Icahn has made mistakes, of course. He’s said that the worst investment he ever made was the US$191 million he invested in Blockbuster beginning in late 2004. > >.....Icahn finally gave up in March 2010. He sold the majority of his Blockbuster shares at an average price of 26 cents per share. He was down around 98 percent. Blockbuster declared bankruptcy later the same year. ​ I imagine that he might be looking for a little payback, eh? Now for the tinfoil hat part of the story. I mean, what if, and stay with me here, what if there were a company that was going to revolutionize online commerce, including video on demand/sales etc. and it was going to bring back the Blockbuster name while crushing the very rival that put it out of business in the first place and the shorts that may have participated in destroying his investment just 12 short years ago. Is Carl Icahn the original diamond handed ape? Truly boggles the mind that this could be a part of reality. What a simulation.

Superstonk

I'm posting this on all of the Icahn posts today because something is up and I want people to see this... We live our tin foil hat theories. We love the subtle and symbolic nature of RC's tweets. We love those who dig the hole deeper and deeper trying to find some glimpse of meaning in his tweets. But this one is just a little too strange to be ignored. Go Google Carl Icahn height. He's 5' 9". Now Ryan Cohen. He's estimated to be 5' 10". Now go look at the tweet. https://twitter.com/ryancohen/status/1582212373985005569?t=U2-wbtT7eFEGi5H8CxMkqQ&s=19 And there's a computer chair behind them. Something about this is way off. He's trying to tell us something. Again.

wr7t8v

Why BBBY Is In The Best Position Yet or: How I Learned To Stop Worrying And Embrace The BEYOND

Salutations my highly regarded brethren. It's me [the guy posting DD about his thick taut nips from yesterday](https://www.reddit.com/r/wallstreetbets/comments/wq7yje/bbby_is_still_undervalued/?utm_source=share&utm_medium=web2x&context=3) back to tell you all that despite the news of Ryan Cohen today and the 18% dip we took in the final 10 minutes of trading – I'm feeling more relaxed than ever. I even increased my position on BBBY today to 20k. And i plan on sleeping like a baby. How can i be so stress free you might ask? Don't I own 14 contracts all expiring Friday from every price between $15 & $25? Aren't I worried at all that i might go broke and have to go back to working the dick sucking station under the bridge for trading money? Not a chance and there are 3 reasons i know why this not only isn't the case, but we will be mooning from today until friday: # Reason #1: Ryan Cohen's News Today Was Actually Good I know if you're reading this, you've already seen the important posts on this subject, but lets summarize it just in case some of you are Helen Keller level deaf, dumb, and regarded: * **Ryan Cohen DID NOT sell his shares**. He filed a 144 form (yes it's verified and real) saying he was allowed to within the next 90 days. You'd have to be an idiot to not make the same move given the squeeze potential that is coming up. * **Ryan Cohen WONT be selling his shares soon**. According to the Short-Swing Profit rule since Ryan bought his shares less than 6 months ago (he bought them 4 months ago), any profit he made off selling them would be given to BBBY and what self respecting billionaire spends 4 months of his life pumping a company to sell it for no gains? (Besides Jim Cramer if he had $999,998,452.10 more dollars after following his own financial advice) So don't worry - the market is not about to be flooded with 10% of the company's stock. I'd like you also to consider the following though - that he would have to be a fucking idiot to sell now: * **Why the fuck would he sell now when he just announced earlier this week that he's long?** The man already swung prices way higher in march when he announced he owned 10% and prices jumped above $30. Selling now when there are a literal army of apes trying to pump his company's stock when it's still lower than his initial pump with the company would be idiotic. * **If Cohen tried to rug-pull the apes over BBBY, what do you think that would do to his other ape centric companies?** The man is Chairman of GME, the original ape stock. I don't pretend he has any love for any of us (he's a billionaire after all - the only thing he gives a fuck about is his net worth) but think about what betraying the apes would do to his bottom line? Who do you think owns GME stock? Do you think they'd keep holding their shares in a company after the Chairman made crystal clear they're trying to rob all apes blind? Possibly, we are pretty fucking stupid after all. BUT the real questions is this: do you think he would risk a significant dent to his $12b GME's market cap just for the sake of netting what CNBC reported would be a $60 million gain (which again HE CANT EVEN TAKE)? So no, he did not sell his shares, wont be selling his shares, and it would be absolutely against his interest to sell his shares anytime soon -again i'm not a Ryan Cohen stan, but **look at these facts about what he's doing and use them as your own personal guide.** # Reason #2: BBBY Said Themselves They Aren't Finished You heard it right folks [Bed Bath and Beyond announced they've been working hand in hand with RC to obtain funding](https://www.webull.com/news/52523835). They've been at it for weeks (i.e. the same time RC announced he still owned his OTM calls) and if they're saying this now it can only mean one thing: **Bed Bath And Beyond are going to announce soon that they've been secured additional funding.** Sure call it speculation but just think about the timing of all this and the comments RC has been making while he's been working to help get them funding. Every nay sayer out there shitting on BBBY over the fact they are majorly in debt will have that excuse taken away. The dramatic stock price increase and retail enthusiasm may be the leading cause for them securing this funding too (so stay fucking hyped). Once the risk of the company going under is removed - what's left to keep the stock from taking off to at least last year's prices? # Reason #3: The Inverse Cramer Principle I'm not going to lie folks, when the dip dapped today down to $18 i was pretty worried. I still thought the Ryan Cohen stuff was real news, and i hadn't heard about BBBY's press release, but then i was visited by the Angel of Good News Future: ​ https://preview.redd.it/ci01xqottdi91.png?width=1188&format=png&auto=webp&s=a14572e1b2f99f1e2fc12cae25e7e5b1e4d4ff01 https://preview.redd.it/guw85xottdi91.png?width=1180&format=png&auto=webp&s=cc2cf76da5adf37a043964bd7830032236f2a335 https://preview.redd.it/zi51nuottdi91.png?width=1188&format=png&auto=webp&s=5402ac0bd83659498df8c8bd45cf979dcb431826 The man has been going off the wall spreading fake news and picking fights with us. US. The fucking apes that took a trash video game company from $2 to $480 all because we hated the hedge funds so much. And he gave us something to focus our hate on, so now it's time we inverse him so hard his dick falls off and he finally turns into his wife (who already kinda looks like him just with a wig on). I honestly thought i was pretty tapped on how much more money i was going to put into this. I wanted to just ride the wave a bit longer, then retire to a bungalow in the Aruba with a jar of lube and a couple of watermelons but no longer. **I'm taking him down.** I'm taking out loans. I'm exercising my call options. I'm putting up signs around town recruiting new apes. I thought this movement needed a Deep Fucking Value to make it go but i realize now i don't care - **All I need is someone I hate enough to keep investing money and I WILL NOT be defeated by this man who has guided a generation of investors into poverty.** # TL;DR BBBY is fine, RC hasn't sold, it seems like BBBY is going to have some extremely big news to come, and Cramer has given us something to rally around. I'm going in harder again first thing in the morning with another 10k. I'm exercising my call options to really start squeezing them. You all should consider the same. I'm lowering my target - **IF IT HITS 50 BY THE END OF THE WEEK I WILL BE PIERCING MY NIPPLES FOR THIS SUBS PLEASURES** Edit - accidentally called RC CEO of GME when he's in fact the chairman \*\* This is not financial advice \*\*

wallstreetbets

You're a god damn genius! This is the most outstanding answer I have ever heard. You must have a goddamn I.Q. of 160. You are goddamn gifted, Private Laugh Riot! I salute you and this answer. Now, I gots to get back to those fries….

dnfvf6

Senator Chuck Schumer proposes 454 billion usd investment in electric cars

[https://www.cnet.com/roadshow/news/senator-schumer-proposes-ev-plan/](https://www.cnet.com/roadshow/news/senator-schumer-proposes-ev-plan/) People holding Tesla puts felt the burn once again: [https://imgur.com/a/u1Gh5M0](https://imgur.com/a/u1Gh5M0)

investing

With China and the EU heavily pushing for the electrification of automobiles it's really a no brainer for us to do the same, especially if we care so much about the American auto industry that we bailed them out a decade ago. The American auto industry has to shift their production to all EV's overtime, otherwise they'll be throwing away a ton of money in those markets in the future. While some may want to stick their head in the sand and insist EV's will never take hold, or that people don't want them (go test drive a Tesla if you think that), the fact is the size of those 2 markets (China is the biggest automobile market, and the EU is #3) guarantees it's going to happen, no matter what the US government does. It simply won't be practical for the auto-makers to make only EV's for some of the biggest markets, and ICE cars for the US. There's a reason why all the automakers are rushing to focus on developing EV's, they know it's the future. Even Toyota, who used to be the biggest denier in the auto industry of the EV trend, has admitted in the last few months that it's the future, and teamed up with Subaru to work on their EV tech.

8hlep6

Daily Altcoin Discussion - May 7, 2018

Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. *** The thread guidelines are as follows: - All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. - This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. *** Resources and other information: * Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). * To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. *** Enjoy!

ethtrader

ELEC update: https://medium.com/@electrify/ecfwork-hard-in-silence-let-your-success-be-your-noise-5f93c18327e1 TLDR; They will start rolling out frequent updates, joined Ethereum Community Fund, met with Singapore Prime Minister to explain concept and vision of Electrify and continued working on Japan to close partnerships and deals to fulfill their vision

8u1n1b

Will the release of dApps that run in ethereum be highly impactful to the price?

Two of my favorite projects, Augur and Funfair should be releasing soon. I’d expect Augur to increase the value as people wanting to participate in the market will need ether to wager. On another note, has there been a meaningful update that would prevent the clogging of the network that happened during cryptokitties? I understand sharding is coming, but not here yet.

ethtrader

I would caution against expecting a price rise owing to 1 or 2 dapps in isolation as I don't think that will be sufficient. But hundreds of dapps launching should do. Hopefully something like Augur can act as a sign that a Dapp can garner and sustain a large user base as so far that's been lacking.

5foa5p

[Daily Discussion] - 30/Nov/2016

Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: *** - Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. - Important content should be posted as a separate thread. - Be excellent to each other. *** Thank you in advance for your participation. Enjoy!

ethtrader

EDIT: Not trying to annoy long timers with this nonsense but just to simply lay out history. History is doomed to repeat itself so eat up buttercup! Relevant Tweet: https://twitter.com/prodjkc/status/804014604611448832 For my friends /u/WooTzZ , /u/Dolphinsplash, /u/SnogTheHog , /u/ItsAConspiracy , /u/terpnation13 and anyone else who needs to know the legend of the donut. Seems like that whole thing happened SOOO long ago...turns out it was only in September. Crypto is a time warp. Enjoy the legend. We shall return once again to that absurd use case for food and pricing. #donutsshallreturn https://www.reddit.com/r/ethtrader/comments/5fqtwd/the_legend_of_the_donut_a_post_bubble_phenomena/?st=iw579vi0&sh=153d8c05

6g7ciu

What do you think the effect of whatever happens to btc on 1 Aug will be?

If there is a lively ethnoobs sub of some sort can someone point me to it, I can't find anything obvious. I've been learning about crypto for the past year and a half starting with btc and moving mostly over to eth at about $50 due to all obvious btc problems and development stalling and eth of course looking strong, well led and versatile. I try and spend an hour a day reading at least and I still don't quite grasp what is likely to happen to btc in August. I see the eth/usd price closely following btc on all the charts and feel like it will continue until crypto is mainstream enough for eth to stand up on its own, if that ever happens. I have to buy btc to buy eth in my country still. This makes me wonder if people who have bought in recently with little knowledge of what is behind the technology (just like I did) will find it off-putting if things get messy? If so will eth be strong enough to rise from the ashes? I still feel confident but only because things have been going swell lately, I would hate for the masses to get scared off just as things are getting rolling. Am I still missing the point completely in hoping eth will act as a currency even though it isn't it's primary goal?

ethtrader

Lots of people won't know what's happening. Some will put their money somewhere "safe", like fiat, or maybe alts or eth until it's all over. This will probably cause some panic selling and create a nice price dip. After a month, things will be back to normal and lots of people who didn't hodl will be poorer.

5foa5p

[Daily Discussion] - 30/Nov/2016

Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: *** - Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. - Important content should be posted as a separate thread. - Be excellent to each other. *** Thank you in advance for your participation. Enjoy!

ethtrader

So sick of loosing ether through picking false bottoms and my own panic selling. I'm just terrible at that.. I am now changing my strategy, and want to be a long term holder as I still believe into the Ethereum tech. But I'm done with day trading for now. To help me do that (coz I dont trust myself) I wrote a small contract which basically locks up my ether until I have saved enough ether. And only releases it once I have reached my preset saving goal.

5clzmt

ELI5: If an ICO is wildly successful, would it cause the Eth price to rise, fall, or not necessarily either?

Just curious as I can't tell based on other posts here. Lets say Golem grows to a $3bn market cap, how would that effect ETH? Would the price almost directly correleate into Golem (Eth is worth $5bn now and Golem $3bn) or would the now depleted source of ETH tokens now be more valuable since they're more scarce? Or am I way off base? Thanks

ethtrader

You are mixing up two different situations: -The ICO -The Market cap post ICO During the ICO: if an ICO is very successful, it will affect ETH's price on various factors: 1- Did it make outside money flow into ETH? 2- How fast will the ICO organizer sell their acquired ETH? If the answers are "yes" and "very slowly", it will cause an upward pressure on the price. After the ICO: The crowdsale organizer does not get any new Ether. Still, their custom tokens can gain value if the project is perceived as quite successful, and if investors see more and more value in the custom token. So investors who own the tokens might be willing to sell them, and their first buyers will be existing Ether holders. If it goes to the point that new money flows into Ether to buy the tokens, there will indeed be an upward price pressure. But then again, the token organizers can decide at any time to sell their ETH for fiat which will cause downward pressure. In the present situation, there doesn't seem to be new money flowing into Ether so what the ICO's organizers do with their Ether is an important factor.

4mrqhz

[Daily Discussion] - 06/Jun/2016

Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: *** - Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. - Important content should be posted as a separate thread. - Be excellent to each other. *** Thank you in advance for your participation. Enjoy!

ethtrader

Hi there Daily! Here's your up-vote. A big Hi-5 from Kansas City. Got a Video of our laundry basket miners...Just sharing for fun. https://www.youtube.com/watch?v=KtVfK7gmD-I&feature=youtu.be r7-370 AMD cards. Ubuntu OS. Don't ask me what all the parts are or configuration. My brother is in charge of that. He's the tech guru. This is a work in progress. We have to build them offsite and transport to this location. Hence the laundry baskets. Eventually we'll get them shelved up with proper fire prevention. They are nearly plug and play and super easy to move around. Free electricity in an air conditioned basement.

84tdci

Daily Altcoin Discussion - March 16, 2018

Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. *** The thread guidelines are as follows: - All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. - This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. *** Resources and other information: * Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). * To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. *** Enjoy!

ethtrader

Its funny I'm trying to buy another 10 ETH worth of CRED, and its actually a difficult thing to do with this limited liquidity.. Are people just hoarding it or are people too scared to use the decentralized exchanges?

5bzbw1

[Daily Discussion] - 09/Nov/2016

Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: *** - Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. - Important content should be posted as a separate thread. - Be excellent to each other. *** Thank you in advance for your participation. Enjoy!

ethtrader

If there is one lesson in all of this election rhetoric is that the majority of the American people are finally distancing themselves from the mass media with conviction. I say good on them. Nearly 100% of all the institutions that have called the elections correctly for the last 50 years got it wrong. Good. Especially Reddit. Better. Wolf Bltzer and the Clinton News Network sweating on live TV. Best. Things are not so clear when the news is becoming more decentralized. So too shall the money. Trump going to be a reality show. Nothing more. Don't fuck it up Trump. (yeah right) Not selling ETH. Just doing my weekly buys. Staying the course mining and buying. Good luck if you can see a path to trading this election. Hugs from KC.

7l7jqk

Ripple hits $1

Not a fan.....at all. However grats to all those who made profits. I never would have thought they would be able to accomplish the dollar mark, let alone in 2017. Where will this lead us coming into the new year? Is Ripple still a trusted structure? The market is a growin! 640 billion and no signs of slowing down.

CryptoCurrency

>is ripple still a trusted structure Wtf you smoking It's xcurrent platform is being adopted and trialed by banks in asia. Some are already saying that they would like to add xrp for additional cost savings...

j6tt1j

My Research on great 401k company matching

Edits: Thanks ill for your responses and sharing your company and its match for those that did. I received too many messages to add to this list, but I can summarize the overall themes. Universities seem to have a very high match, sometimes regardless of employee contribution, around 10 to 15%. A lot of big tech companies offer a 50% match uncapped. Sometimes smaller companies, especially in investing, banking ,etc can have 100% match up to IRS limit. A number of companies shared have pretty unique benefits, including pensions, or stock purchase options that may make up for having an average (4% match) or below average match, so its up for the individual to decide. Having a higher employer match can help expedite reaching your FI number and/or retirement goals. According to Fidelity: [https://www.nerdwallet.com/article/investing/the-average-401k-balance-by-age](https://www.nerdwallet.com/article/investing/the-average-401k-balance-by-age) ### Ages 20-29 **Average 401(k) balance:** $11,800. **Median 401(k) balance:** $4,300 ### Ages 30-39 **Average 401(k) balance:** $42,400. **Median 401(k) balance:** $16,500. ### Ages 40-49 **Average 401(k) balance:** $102,700. **Median 401(k) balance:** $36,000. ### Ages 50-59 **Average 401(k) balance:** $174,100. **Median 401(k) balance:** $60,900 ### Ages 60-69 **Average 401(k) balance:** $195,500. **Median 401(k) balance:** $62,000 ​ A while back I started doing research in finding better companies with good benefits as the one I am at now is pretty abysmal. That got me to wonder what exactly is a bad, good, great benefits package etc. So I began with 401k match because I don't have one and I'm on the fire path so it's a big problem for me. Here's what I found analyzing many companies in the SP500, as well as other companies that I've found from online articles and online forum testimonials. The Standard match appears to be 100% match up to 3%, then 50% match up to 2, so essentially 4%. From [https://20somethingfinance.com/401k-match/](https://20somethingfinance.com/401k-match/) :According to the Bureau of Labor Statistics, the typical or [**average 401K match**](https://www.bls.gov/opub/mlr/2015/article/automatic-enrollment-employer-match-rates-and-employee-compensation-in-401k-plans.htm)nets out to 3.5%. Their [**National Compensation Survey**](https://www.bls.gov/ncs/) found that of the 56% of employers who offer a 401K plan (a sad statistic in itself): * 49% of employers with 401K plans match 0% * 41% match a percentage of employee contributions between 0-6% of salary. * 10% match a percentage of employee contributions at 6% or more of salary. * The median is a 3% match. This is consistent with what I found, a lot of big companies offer 100% up to 6%. **Best 401k companies** A lot of this data came straight from the 2019 or 2020 pdf of company benefits website, I.e. straight from the source, but others I had to look at reviews on Glassdoor, indeed, and other sites which for some reason accounts were varied on some, but I entered the most common answer. I ranked them based on total potential salary contribution, meaning how much they will contribute plus what you have to contribute to to receive max contribution. Some of the top 5 have unique matches, so I ranked them separately. for instance, Conoco only requires a 1% employee contribution to get their 6% contribution, so it's unique and could be better for someone who can't contribute a lot fo their salary but can still get a good match. 1. **Mastercard** \- 125% match up to 10% (you put in 10, they put 12.5, so (22.5%) 2. **ConocoPhillips** \- if you contribute at least 1% of your eligible pay each pay period, you will receive 6% Company match with an additional 0% – 6% Company discretionary contribution. (7% to 13%) 3. **Gilead science** \- 401k/Roth 100% match up to $15,000 (with 100k salary, up to 15%, 66k 22%) 4. **Chevron -** If you make basic contributions of at least 2 percent of regular pay, Chevron adds 8 percent of your regular pay. (10%) 5. Ultimate software - 45% match uncapped ​ 1. **Southwest Airlines -** 100% match up to 9.3%(18.6%) 2. **Farmers** \- 100% match up to 6% plus 4% automatic contribution (16%) 3. **VISA -** Matches 200% for up to 5% ( you contribute 5%, they contribute 10%) (15%) 4. **Delta** \- 100% match up to 6% plus 3% automatic contribution(15%) 5. **Allergan** \- match 100% up to 8%(16%) 6. **Ally Bank**\- 100% match up to 6% plus 2% automatic contribution, plus discretionary 2% (14-16%) 7. **FedEx**\- you put in 6%, they put in 8% (14%) 8. **Fidelity** \- match 100% up to 7%(14%) 9. **Capital one** \- if you contribute 6%, They contribute 7.5%. (13.5%) 10. **3m** \- 100% match up to 5% plus 3% automatic contribution(13%) 11. **Discover** \- 100% match up to 5% plus 3% automatic contribution(13%) 12. **American Express** \- 100% match up to 6%(12%) 13. **Citigroup** \- 100% match up to 6%(12%) 14. **Wells Fargo** \- 100% match up to 6% (12%) 15. **Verizon** \- 100% match up to 6% (12%) **(Suspending Match )Exxon mobile** \- “Currently, the company matches a 6 percent minimum employee contribution with 7 percent of the participant’s pay.” I'm still modifying this list, but thought I'd share it in case any one might it find in interesting, useful or something. Please give feedback and critique this list, and what you think in general! have a good week folks

financialindependence

Delta, American, and United pilots get a 16% contribution (no match required) no vesting. Southwest, Jetblue, Spirit, and Hawaiian contribute 15% to their pilots. The industry used to have generous pensions that were taken away during bankruptcies or other tough negotiations and this was their way of getting it back.

8tu6z9

I screwed everything up in 1 year and don't know how to fix it any advice is welcome (USA, VA)

EDIT: I need to figure out how to get my license back. Girlfriend has insurance in her name on car that is my name, but I'm learning that a.) Probably won't satisfy the DMV as they check stuff electronically. B.) If an accident happens, payment will be delayed or refused so basically a straight up waste of money. Might make a new post tagged auto/insurance. EDIT: Contract to hire, so I have probably a few months grace period to get my stuff straight before a credit check. The team is crazy busy, but of course they want to interview multiple candidates and I'm the first, so I'll know within two weeks. Also have a few other positions in the pipeline but this was definitely the job I'm most excited for! I'm going to respond a lot less often now to the thread but feel free to message me. Will do a few update threads, once I get a job and once things are better managed. Thanks again to everyone, it was a great boost to self esteem (or something) right before my interview which was awesome and something I needed. I lost my job a year ago and burned through my savings trying to maintain my life style while half heartedly looking for a replacement job. Now I have an interview tomorrow, but (not) really considering bankruptcy (not after this thread, thanks guys! could prove to be a useful tool in the future if i fuck up even harder!!). My car got repo'd to the tune of: $12,900 Credit cards maxed and closed at $699 and $5,123: $5822 Evicted, final payment due: $6200 license reinstatement (120 old parking ticket, 500 no insurance, additional fee 30: $650 utilities from the apartment (that i've verified, there may be more, only thing that showed up as under collections from my credit report): $117 I went from couch surfing and hating myself to trying to get a grip and moved back in with my parents. Now I'm trying to get everything back on track, but it's really, really depressing. This probably isn't even the total, I'd love to find out if there are other debts in collections (sure there are, but only thing that showed up on equifax - the only credit report i was able to get). Anywhere else I can do this? I have a car that I'm putting in my girlfriend's name, paid off and reliable (for the last few years anyway). I have training and experience in IT, and several references (not asking for a job, just explaining my situation), and that's where I'm looking to apply, and where I'm interviewing tomorrow ($80k is on the table, but they probably won't hire me if they do a credit check). I've tried getting jobs at gas stations and supermarkets and such but nothing back so far, except for one aborted attempt when I was collecting unemployment but it turned out that my unemployment was worth about double what my wages would have been. I know I screwed things up, this is probably a good cautionary tail of 'don't do what that guy did', but I am having a hard time even finding out everything I owe and how to get it all fixed. Thanks everyone, hopefully you all can work some magic with me as I've seen so many other times! I'll edit in here anything I can that people ask for. Would love to see some (preferably free) place I could aggregate and contact my creditors and collections. Today has been a hard day for staying positive but I've done perhaps too well of a job otherwise. edits: i'm seeing 'don't declare bankruptcy' definitely planning against it <- what if i don't manage to score a decent IT job? also, cost of living up here is insane, and my time at my parents' house is limited, though i'm sure they'll understand housing difficulties. seeing some positive thoughts, thank you all so much for that! feeling a little better now with an update from the vet - cat's now fine, on some great drugs, sleeping over at the vets to be picked up tomorrow, and most importantly we scored a payment plan! ite my friends, i'm signing off to do some more cramming (have all morning tomorrow to do so as well but i'll definitely take a break and reply and upvote more comments!) thanks again, much love for you all!

personalfinance

If you get the job at $80k you’ll be fine. Live at home for a year and you should be able to pay everything off without a problem on that salary. $26k debt on $80k salary is easy with limited expenses.

mciw27

How do people make living wages??

My partner and I together make a little under $3k per month. About $2k of that is for student loans. A studio apartment in the rough parts of the state costs $1.2k per month. We want to move in together so badly! One of us is in a dangerous family situation. Too bad we can’t even afford to rent a dollhouse in this area... How do people earn living wages? Partner is working 35-65hrs every week. I’m working 20-30 and looking for a second job or a full time job with no luck so far. We are both wanting to finish school and to work for ourselves. I currently work 30hrs on my startup per week too. My body is already trying to shut down on me (chronic illness / disability) with how much I’m working. I’m scared. We’re scared. All I want is a slumlord shithole and some cold spam. As long as we’re out and together. And we can’t even afford that. How do people make living wages? Do they exist for normal people? Am I thought spiraling, or is this as rational a fear as it feels?

povertyfinance

> Partner is working 35-65hrs every week. I’m working 20-30 and looking for a second job or a full time job with no luck so far. Working that much and only bringing home ~$3k per month, it's time to stop working minimum wage jobs. Amazon or any retailer that pays more than minimum wage as a starting rate. Or learn a trade.

mpnjzj

What happened today with stocks?

Hello, I've been following for some time the market (tech stocks mostly) and I noticed that often there are days, like today, where most of the sector is down in a heavy measure, however searching on the news and internet I can't seem to find some articles where it is explained or talked about what happened during the day and caused the selloff I was wondering if these selloffs have some real news behind them or if it is mostly up to the sentiment of the market. In case there are some reasons, do you know if there are some sources that posts about this topic? Thank you all 👍

StockMarket

Remember that scene in Stand By Me when Lardass pukes on the other guy in the pie eating contest, then that guy yacks on another guy, then everyone starts horking all over each other in a giant fuckin barf-o-rama? That's what happened, just with money.

7ls33h

RaiExchange launching on January 1st!

More exciting news coming for XRB. This is being targeted towards the current PITA which is, buying RaiBlocks. Really stoked for the progress that we're seeing towards community/developer movement on this project! https://twitter.com/RaiExchange/status/944508539271368704 https://rai.exchange/

CryptoCurrency

Hi there, creator of RaiExchange here. Just noticed this post! Didn't expect to get visibility here so early. Guess we'll do an impromptu AMA. If you've got any questions, reply to this comment and I'll answer every last one of them. I sit in the RaiBlocks discord constantly answering questions too so you can always hit me up in there. edit: it appears I cannot make new replies yet. The mods had to approve this one, and all my new replies are being hidden. I'm putting answers to them, you just can't see it!

rrcd4b

Emergency Fund into Dividends fund

I am looking to move my emergency Fund into high yield dividend fund in vanguard or Schwab. I feel the emergency Fund which is money market is not yeilding anything to me. I feel a small risk associated with this and I may not get my capital when I really need the funds. Pls share your experience and opinions. Also if you agree pls share some good high yield dividend fund suggested.

dividends

So I experimented with this for 2021. I did 33% VCSH (Corporate short bond), 33% VUSB(Ultra short bond), and 33% VTEB (tax exempt muni bonds) Basically you don't make enough in dividends to cover the capital losses of the funds. The only reason that account is green at all is because I added some VTIP (inflation protected bonds) at the right time and also got a $50 bonus for opening the account. On the flip side, I also have a non emergency fund long term savings for my wife and I which is split between Vangaurd's income fund (VASIX) which is like 60% bonds and 40% stocks, and VTIP. THAT account is only barely green. So, what's the moral of my story: The tiny gain (maybe 0.6%) as opposed to letting it sit in a HYSA at 0.4% was not worth the stress of watching the fund price go up and down every day. Don't invest your emergency fund. I'm moving all that cash in bonds into a HYSA on Jan 1 and just dealing with the low rates in exchange for peace of mind. The longer term savings can stay where it's at.

p717qc

Leaning to consider taking out T from my dividend area of my portfolio

I have 100 shares in T (2 buys in the last 12 months) and lately I have seen an uptick in the # of posts here about how T is slashing their dividend which seems to have truth to it based on some quick google searching. I'm just wondering if I should, then what would be a good replacement for them....Waste Mgmt?

dividends

They are in fact gonna be slashing their dividend. However you will be getting based on your 100 shares about 72 shares of discovery after the spinoff. Now the new discovery will have all of the debt of att or at least most of. So T will become vz stable telecom company and discovery will the largest content owner of media. I'm very bullish on both T getting back to basics and after discovery works on debt a huge content growth machine... think netflix.. my two cents

tuq9iq

Is there a need for different accounts?

I see a lot of people using different brokers and accounts for different stocks (growth vs div for example). I am starting a new job soon, and intend to roll my old 401k(s) into this new one, but I don't see the point in having more than my Roth IRA and my TDA account that I have both div and growth stocks in. Am I missing something?

dividends

Some people have a hard time controlling themselves so it’s better for them to keep certain strategies separate from their portfolio. Or perhaps you want to make a safe portfolio as a sudo savings account. At the end of the day they are easy to make and each person has their own needs. If having a single consolidated account works for you, keep at it.

pzxe1i

Making the plunge... Hope I got it more right than wrong!

Finally settled on mix of high/med/low risk positions to invest my $250K in. Will distribute amongst; CHMI, OXLC, TWO, NLY, SUN, EPD, SUNS, GLAD, ABBV & BMY. Mix will hopefully render a monthly yield of about $1700 or roughly a 6.8% return. I am retired and only looking for passive income, but not afraid to dabble in a few "riskier" stocks... This mix gives me exposure to Pharma, REITs, Oil/Gas and some Collectives... 7 are qrtly and 3 are mthly. If anyone has a red flag to throw, please do. I intend to pull the trigger Monday (10/4)... All input appreciated!

dividends

This is some extreme yield chasing there, my friend. That never ends well - either income gets cut/stagnates, or you miss out on large growth. I'd add in some normal dividend payers: PG, JNJ, AEP, SO, VZ, CAT, CMI, JPM, SWK, ORI, ALL, PRU, ETR, FE, EVRG, MMM, BBY, WHR, etc. Yes, a 2.7% yield or whatever seems low but you'll look back in five years and see you got 20-30% growth and the dividend went up so your yield on cost is now 4.5% or something like that.

vcjhtv

QYLD OPEN DEBATE

Looking for a rebuttal! 19 years old, have amassed a good foundation in various holdings.. sbux, schd, voo, etc.. I am looking at the option of DCA into qyld over the next few months due to this bearish market.. Plan is: DCA until roughly 23-2500 is invested into qyld Result: 1% per month of investment = one shared purchased through DRIP (this is a rough guesstimate) and simply ride the snowball with occasional monthly purchases to lower cost average when the opportunity presents itself… Is qyld a trap?! LOOKING FOR OPINIONS AND DEBATES!!!!!!!!!!

dividends

I invest a portion of my portfolio in QYLD but I am 52. There is no right or wrong answer so more a personal preference, BUT for someone who is 19 you can pretty much be assured that your total return from something like SCHD or VOO will be much better. At the same time if you like the idea of income investing and want to build up shares in QYLD go for it. Just understand QYLD is for income and not total return.

hmuvfc

Is it possible to "Day trade" dividend stocks?

I don't mean this in terms of normal day trading, but rather, since you only need to own the stock for two days to be eligible for the dividend and not all companies pay out at the same time, could you buy stock X, get the dividend, sell stock X, buy stock Y to receive its dividend, then sell stock Y to buy stock Z, etc etc. Wash, rinse, repeat. The down fall of this method that I can see would be paying a higher tax on selling assets held under a year and you also can't account for the stocks overall price fluctuation. Ideally, you'd follow these stocks and try to figure out trends so that you're only buying them when they're down or are at least on their way up by the time their dividend is scheduled to pay out, this way you're getting a small amount of gains from appreciation but also the guaranteed dividend cash. I'm not sure if this is at all actually feasible but I'd like to hear other thoughts on this.

dividends

I do this, it's called a "capture dividend strategy". I don't think many people here are into that idea, this sub is a little more focused on passive income and investing. If your doing it for portfolio growth then it's more intra-day trading than investing. If you have a good screener you can get into trades weekly, and if you know anything about options you can hedge your position to sell on the Exdividend date after the price has been bought up. I'm just now trying to get into the options portion, so I'm not super familiar with that process.

vbth0z

Covered Call ETF’s

Wanting to add shares of ETF’s such as RYLD, QYLD, and XYLD. What is the potential pitfall with such securities since they write ATM call options and distribute part of the profits as dividends? QYLD has been around and distributing since 2014 and all three appear to be approaching their all time low or at least 52-week low. Seems too good to be true to add them as additional ways to bring in income, especially to use DRIP and let them accumulate. What’s the piece that I’m missing that should make me skeptical? Edit) Forgot to mention I would be adding these into a ROTH to avoid the dividends being taxed as income

dividends

They produce relatively generous monthly income, 9-14% yield. Buy if that’s your goal and you will not be looking to dip into selling your shares. These ETFs are best for those in retirement or with other fixed income requirements, not for investors who are in the long accumulation phase. The YLDs tend to drop in sync with the indices they follow, and then recover more slowly in comparison when the indices rise again. So again, if you are going to monitor their price like a regular stock, it will be frustrating. Buy to hold and collect yield.

vayhzn

15 year plan ideas

I just started out and currently have SCHD, VTI and several other dividend stocks such as F, Lowes, OUT, GOGL, NEE, MPW, BAC, V and few others with about 10.00 each in them just for fun. I hear a lot about O on here and was think I already have to much going on. What should I focus on…Do I try and get everything to 1 share with weekly contributions to SCHD and VTI My other idea is JEPI but was wondering about cost ratio if I’m only starting out with about 30.00 dollars or half a share Any advice for a newbie would be appreciated.

dividends

If I were you, I would definitely focus on investing in **VTI** (best diversification you can get for low fees) and **SCHD** (good quality filter for dividend-paying stocks, average yield of 2.5+%). To get exposure to real estate, you should add **O** in a **non-taxable account** like a Roth IRA to avoid the non-qualified dividend tax (since O is a REIT). Remember, O (Realty Income Corporation) is a **single company** with a **significant portion of its investments in American real estate**. Therefore, it is not as diversified as VTI (4000+ companies) and SCHD (100+ dividend-paying companies). As such, I recommend that you don't invest more in O than you do in VTI and SCHD so that you can ensure that your portfolio remains diversified.

zdp1er

How to manage a portfolio?

Hey hope all is well with everyone. I was curious to see how people manage their positions. I understand that continuous research and monitoring of individual stocks is necessary, but what are you actually doing? Just read the news pertaining to that company? How often? Do you have a basic protocol you follow every day, week, month? How do you continue to evaluate financials, what are you looking for? Ultimately I am looking for some insight on managing my portfolio from here on out (ideally some protocols to follow). I've included screen shots of what I've got going on in my dividend focused portfolio (critiques welcome). For context I am 25 and started investing December 2021 (Thank you DCA!). I have 19 individual positions (planning on "moving" 2 ReITs to Roth IRA for tax benefits) as well as 2 ETFs.

dividends

I check probably monthly and read up on financials when released. If there is something glaring like a big loss or something I try and understand why. But as buffet says if the fundamentals still are strong I have no reason to pull out.

yar2yu

How do you pronounce your favorite tickers?

When I read these posts, in my head I read the tickers as words or acronyms. Examples : SCHD : Shod, as in "Once a horse is wearing shoes, that horse is *shod*" JEPI : Jeppy, as in "Feeling pretty peppy after buying some Jeppy" (rhymes with peppy) ​ So! For a fun lighthearted Saturday discussion, how do you pronounce your favorite assets?

dividends

Schd has no vowels so I read it as schd Jepi I completly agree with jeppy tho Vig as vig idk how to type it but like it sounds like a word uk? I mainly read them as they look Like Trow is t row Voo is voo Vxus is an outlier: vux-us idk why I add another u Vymi vimi Ko is like co as in like the first half of coke Appl is just apple, same with tsla and tesla and amzn as Amazon Googl is google but goog is just goog The rest are kinda bland but here's some weirder ones Xom turns into zom McD to Mac JepQ is now jeppy q And half the time o is just realty

bsfwa8

If house prices go up forever, how will the next generation afford it?

Many people I notice are quite selfish only wanting to vote for policies that increase house prices because they want to profit, but many of these people have children, so I wonder if they think about the impact of growing house prices on their children. If property keeps going up, how will their children afford property? Do they not care about their children, and if they don't then why do they have children? Having children is not cheap, so if they want to make more money through rising house prices, why do they have children?

AusFinance

Here's my take on it. If housing goes up forever so will wages. They just have to. If wages don't go up but housing does you'll end up with horrible inequality, for a while anyway. If it's not sorted out then, as history shows, I think you'll likely have "a revolution" be it via elections or guillotine. If it gets sorted then the end result will be either housing will drop or wages go up.

56jb4r

What am I missing?

Hey guys and gals, long time lurker first time poster. I know it's a well beaten drum but where does everyone think the money is coming from to sustain house prices in Aus? I've been doing some financial reading this morning and have had to stop and pause and think 'where are people expecting growth from'? My partner and I live in Sydney, have a combined income of low 200k and I'm just about to be promoted increasing our combined income by 18%. I know the people above me in the food chain are making really good money, but there aren't that many of them. This is the Krux of my question really, in the Australian property boom, how and why are there so many people expecting to strike it rich? Ultimately someone has to pay the highest price but it seems every investor and home buyer thinks it will be the next in line...but surely there just aren't that many people in the line. Are we collectively inflating prices with our egos and 'can't lose on property' mentality or is there a major source of income (or saving) that I'm completely overlooking? This isn't another 'Aus property is going to burst' post, rather a genuine question. Where do we all think the money is coming from?

AusFinance

You're living in the most expensive property market in the country. The majority of Australians aren't buying or living in Sydney. so really you need to narrow the focus to "where do we think all the money is coming from **in Sydney**. And that's a fairly straight forward one. * It where the majority of large corporations have their HQ. Meaning there is a disproportionate number of "top end" salaries there. * It is the migration hub for skilled migrants and for wealthy investors. Again this is likely due to it being the main business hub. * Is it a stable, well known city. I'm not saying its on the same level of London or New york ("world cities".. that are also several times larger and much more expensive per sqm than Sydney real estate), but its got international recognition. When you're having broken english conversations with foreigners abroad, odds are they will know Sydney & maybe Melbourne, probably not anywhere else in Australia. So to break down your Q's one by one and provide actual answers: > I know it's a well beaten drum but where does everyone think the money is coming from to sustain house prices in Aus? Disproportionately high sydney wages and wealthy foreigners. You're presumably in your 20's with a $200kpa+ household income, you should be able to quite easily save up a six figure deposit and buy something ridiculously expensive by the standards of non-Sydney dwellers > I've been doing some financial reading this morning and have had to stop and pause and think 'where are people expecting growth from'? "Real growth" according to the RBA housing price papers (can't be fucked finding it, google fox + finlay + housing + rba. if you really get stuck let me know), which is growth beyond inflation has averaged around 2.5% on aus property since the 50's. Which is fairly paltry growth but not bad once leverage is factored in. Ask yourself that same question about ANY market, why do people buy Australian shares and expect them to continue growing in value? If that market can continue to grow, why would it grow in isolation and other markets like property shouldn't be expected to continue to perform? > This is the Krux of my question really, in the Australian property boom, how and why are there so many people expecting to strike it rich? The majority of people aren't expecting to "strike it rich", they are expecting to make okay long term growth on a stable asset that is easy to leverage (go to your bank and ask them to go 80% lvr to take a punt on some shares..) Or they already have money that they are trying to stash into a stable economy with low corruption > Are we collectively inflating prices with our egos and 'can't lose on property' mentality or is there a major source of income (or saving) that I'm completely overlooking? Major source of income + I think you misunderstand the motives of a lot of property investors. They aren't seeking to double their money overnight, they are seeking to get their $$ out of china and or obtain stable long term growth on an asset class that has traditionally delivered okay long term performance. If you're a retiree, imagine the shock to your lifestyle if you were living off dividends or selling down shares through the GFC.... Vs the impact would have been pretty minimal if you were living off rent.

j0ni3k

Anyone still doing the barefoot thing?

I’ve just started listening to the audio book, good to hear an Aussie talking money over the sea of ‘Murcans but just wondering what you lot recon. This bloke still relevant? Obviously some figures are now out of date and the pop culture references dated but the fundamentals still seem pretty solid to my boring self.

AusFinance

Yep yep! Have to say I’ve been really happy and proud that we started the barefoot ideology a couple of years ago and have had the safety net of savings during covid. Not only that, preordering a PS5 the other day for launch day, with my splurge that I’ve saved over the last few months without having to ask my partner was a wonderful feeling :) I really recommend it

t4ppy4

Where would you invest $3000 right now?

I'm relatively new to investing. I already own ~$1500 worth of ASX:NDQ. I am young and plan on holding for a while. I invest via selfwealth so there's a fee of $9.5 per trade. If you were me what would you do with 3k?

AusFinance

VAS, VGS or more NDQ. From experience, I wish I put more when I was younger into broad based low cost index funds that I'll hold forever instead of messing around with individual stocks, the magic of compound interest works wonders.

bxoynq

How to grow 15k long term?

Hoping for a bit of advice or for anyone to maybe point me in the right direction. I'm 23yo with 15k in a savings account that pays out about $30/month interest (non-withdrawal benefit?). I'm about to enter a high paying job where I should be able to recoup this same amount in approx. 5 months (totally new for me! my 15k took me about triple that amount oftime). I'm wondering what my options are to optimise the 15k I have? I'm super lucky right now to be in a position where I can forget this 15k exists and let it sit somewhere long term to accrue interest. I'm completely green and ignorant on investment and Aus finance but would appreciate any advice or suggestions on where to look for further education. Thanks!

AusFinance

As most other people on the sub would suggest, ETFs are a great place to start. Check out the list of Vanguard funds, specifically the diversified ones, since you only have to pick one instead of a basket of different funds: [https://www.vanguardinvestments.com.au/retail/ret/investments/product.html#/productType=etf](https://www.vanguardinvestments.com.au/retail/ret/investments/product.html#/productType=etf) The conservative one, VDCO is around 70% bonds 30% stocks, then it goes 50/50 for VDBA, 30/70 for VDGR, and 80/20 for VDHG. Check out SelfWealth as a broker as well.

9waasc

Australian / Irish Property Bubble

https://en.m.wikipedia.org/wiki/Irish_property_bubble Essential reading. The similarities are seriously scary. Towards the back end of an equity bull market too. Strap in.

AusFinance

Agree this is essential reading. But.... >The similarities are seriously scary. If you focus only on the similarities without also seeking differences, everything looks like a portent. Good analysis can include looking at a wikipedia article on a bad thing that happened once. But it includes a lot more besides.

tbdlen

Buyer and vendor have the same conveyancer - any problems with this?

Question says it all. Is there any conflict of interest, any potential problems? Or is it possibly a good thing? The auction is tomorrow, so not much time to recruit another one.

AusFinance

Let's say the conveyancer does due diligence for the Buyer, and finds some problems which give the Buyer the right to terminate the contract. There's your conflict. They need to notify the Buyer of their rights, but that's against the Seller's interest. Because of this, most reputable conveyancers won't do it. 99% of the time it will be fine though.

mheuy8

Lindsell Train UK Equity - Thoughts / Discussion

Hi, Is anyone here invested in LT UK? How do you feel about it right now? Every time I look something else has gone wrong for the fund. I will be honest, it's one of the first things I invested in when I didn't really know what I was doing. I went in too heavy and it's roughly 20% of the portfolio I run for my kids futures at the moment. I have held it for what must be around 3 years plus. It's around 4% up at the moment. I keep telling myself that their time is coming and it will improve. But it just continues to disappoint. Much like their Japan fund that I also own... I keep wanting to halve the holding, but would kick myself if it did take off later this year. So I'm a bit torn. It's the only time I have been really. Looking for opinions on this one. Are they just too stubborn nowadays? I don't feel good about some of the main holdings like Hargreaves. Thanks for any input. Don't roast me too hard, I was new to investing when I did this!

UKInvesting

They have around 80% of the fund in the top 10 holdings, so you're essentially paying about 0.7% a year in fees for a play on whether the following companies do well or not: * London Stock Exchange Group PLC * Diageo PLC * RELX PLC * Schroders PLC * Burberry Group PLC * Unilever PLC * Mondelez International Inc Class A * Hargreaves Lansdown PLC * Sage Group(The) PLC * Remy Cointreau According to the 5 year annualised performance on Fidelity you would have made 9% a year with LT vs 6.25% with a UK index fund so maybe it's a price worth paying?

lmwae6

Is portfolio volatility an indicator of risk level?

I’m 99% sure the answer is yes, but wanted to confirm and the second question how do I measure it against a benchmark? E.g 5% drop in a week is risk level 4 out of 5. Currently my portfolio investment is £15k cost now £19.6k over the last 8months (gradual investment of £1.8k a month), and it went down £1k over 1.5 weeks (5%) to up £1.2k (6%) in another week. Is this high volatility/ high risk? And in the last three days up £900 and down £300 today. extra note: I’m in 6 funds and 2 stocks.

UKInvesting

No, volatility is one measure of risk that is used widely, but it is not by any means a comprehensive measure of risk. For example, if I own a stock that goes up 10% every week, that is a lot of volatility but only in one direction. Similarly, if a stock goes down 10% then up 11.11%, it is at the same price but is apparently "risky". I would think of risk as: in the worst case, how much do I lose and how long does it take to make that back (if at all). Obviously, if you own a lot of funds it is hard to understand these risks without understanding the individual names/industries in which you are invested. Just rough ballpark: your best worst case in 100% equities is probably 2008, losing 50%+ and making it back in a few years. If you own a lot of individual stocks, you are taking the risk of losing 50%+ permanently (imo, you take that risk with 100% equities too...but whatever). The actual numbers in your post are kind of unclear...are your performance stats including contributions? If you are losing 5% in a week, that is probably on the more volatile side of things but it is not very unusual. You will find it far easier to have this discussion if you just tell people what you own. Just looking at numbers, imo, tells you almost nothing (for example, if you lose 5% in a week where the market went down 10%...that is maybe good).

eos5sg

Is Vanguard causing its own bubble?

Vanguard have so much money now , it seems possible that due to supply and demand it could be raising the DJI with its larger and larger holdings. They say DJI is 30% above what it is actually worth when they look at the fundamentals. My question really is where could this end up? A correction or higher and higher share prices?

UKInvesting

I'm not sure that Vanguard having money affects the demand at all, unless they've managed to attract more money than would have been invested in the market without their existence (which is possible). However as for prices/a bubble, I remember reading something from Warren Buffet once about how investing in the low-millions and the low-billions is a completely different game because you start to affect the price of the very thing you're buying.

ni5g5f

Bed and breakfasting and 30 days rule on a bear market - Is this how it supposed to work?

Is this how it works? I bought 1000 shares at 10 GBP each 3 years ago, for a total of 10000 GBP and now, this year the market is expected to drop, after it had risen to 20 GBP each. However I manage to sell them at full price before the market crashed and got back the 20k this year. As per the rules, that would quality as 10k gains. However, the market the next day drops and the share is now 5 GBP each, so I go in and buy 4000 shares for 20000 total. Have I made the 10k gains for CGT? I think that my section 104 pool should be 4000x5 (20000/4000), so no, if you're fast in a bear market (and believe the share will rise in the future) you can effectively "double up" protecting youself from losses, without being afraid of capital gains. i.e. You have a window of 30 days, to buy back in and get more shares if their price drops, without exposing youself to gains and CGT. Am I right? Can you please confirm? Thank you all for your help!

UKInvesting

Input your trades (or proposed trades) into [http://cgtcalculator.com/](http://cgtcalculator.com/) and let it work it out for you. The rules are complex and the sites shows how it's calculated the figures which'll help explain things a little.

iv2dog

Why are UK Stocks falling

My UK portfolio is pretty red just wondered why the likes of BP/Shell/Legal & General/Bdev/ are cheap at the moment is it to do with negative interest rates or something? Just wondered what are people’s thoughts and feelings?

UKInvesting

People have to get over this notion of "it's cheap"... It's not "cheap" it's falling because of some reason. It's like the supermarket. They reduce food that is about to go off to get it off their hands.

eos5sg

Is Vanguard causing its own bubble?

Vanguard have so much money now , it seems possible that due to supply and demand it could be raising the DJI with its larger and larger holdings. They say DJI is 30% above what it is actually worth when they look at the fundamentals. My question really is where could this end up? A correction or higher and higher share prices?

UKInvesting

Are you referring to [this article](https://www.gwinvestors.com/2020/01/10/the-psychology-of-passive/)? It says: > As many investors have pointed out in recent months, index investment strategies detach investor behavior from the fundamentals of the underlying constituents. All constituents are treated equally, despite the very different fundamental operating differences between the constituents. This is perhaps most dramatized by a stock we are short, Boeing, which is only months away from facing a very precarious balance sheet and liquidity problem given the continued grounding of the 737-Max. Boeing is still 9% of every Dow Jones passive index fund. The investors in these passive strategies are most likely completely unaware that so much of their capital is tied up in the very plane they are reticent to fly on. As my mom said, “this is the big short all over again.” Who tracks the Dow FFS? When I read that article I checked Vanguard's S&P 500 tracker - Boeing is their 30th holding, constituting 0.65% of it. I'm not saying that the article is wrong - I think it raises some very legitimate questions - just that [the Dow Jones is a bad index](https://www.npr.org/player/embed/508261371/508275788) and it makes me suspicious that they've chosen the Dow to emphasise their point.

jg2ou4

Transferring GBP from a UK GBP account to a USD account.

I got badly burnt in a transaction recently. Lost massive amounts on non-sterling transaction fees. How do you quickly load up a brokerage account in USD from a UK GBP account? Or should I have opened a GBP account? Im with trading212. Edit: Thanks all. Transferwise it is then! I used them in the past and they were excellent. Thanks again :)

UKInvesting

TransferWise or Monzo/Starling/Revolut. - Monzo/Starling/Revolut if you're just buying something in USD using GBP. I'll buy things abroad this way - it's at the "Mastercard rate" which is about 2p per £100 more than the Interbank. Edit: seen a few threads that suggest this works. - TransferWise if you need to transfer from USD to GBP. If I need to physically move USD back to the UK - or I need USD in an account, I'll use TransferWise.

fp7moo

Anyone taken any positives out of this crash/crisis?

Thought it might be a good idea to share some positives that they've taken out of this year so far, even if its just important lessons learnt! I'll start: 1. It reaffirmed to me why it was so important to own some bonds, after years of temptation to go full equity but retaining an 80-20 ratio, they retained pretty much full pound value so enabled me to sell, buy a couple of ETF's at a good point, then sell those a week later for a profit and then PCA down all of my equity fund investments (although that of course means I need to build the bond pots back up with new money/earned income!) 2. I'd already identified in December that I had too much exposure to the UK market, unfortunately didn't really act on that but the upside being that proceeds from my bond sales plus a bit of cash did assist with rebalancing a little, as a proportion of my portfolio (ignoring bonds) UK is down from somewhere near 33% to 25%. 3. I'm not exactly in a particularly bad place at this point in time, in a SIPP that I started early last year (and transferred a few pots into) I'm only 9% down over 12 months due to the well timed bond sale and PCA'ing described above. 4. I finally bought Tesco (not in my SIPP), at 215p, been waiting YEARS for Tesco to reach the point that I consider it good value. Do wish I had a bit more cash though, as we all do in a falling market lol, made the difficult decision to use (seperate) savings to pay down a home improvement loan rather than direct to my SIPP or broker account just in case we reach full financial meltdown status and I'm shooting pigeons for food. Lets hear some positives?

UKInvesting

Gave me a chance to catch up with years of not being able to save. this crash has so I'm pretty damn pleased. I'm hoping that the crisis in regards to stocks is not over and I do not think it is over. Although a lot has been recovered it appears to consistently recover towards the end of the week and drop early on in the weeks. So now I'm just monitoring and going to continue to put money in gradually over the next months. Companies I'm watching are: * Games Workshop * BP * Shell * Tesco * Barclays * Lloyds Bank This Sub reddit has some pretty interesting discussions and good chats :)

iag4yb

Thoughts on UK housing developer stocks? (Barratt, Taylor Wimpey, Persimmon etc)

Hi guys. Just wanted some opinions as I am new to investing directly in stocks. I have recently stuck to broad ETF investing and managed to ride the recent increases to good effect, though it feels to me most of the ETFs I use are likely to float around their current levels for a while, having largely recovered to a decent level. This doesn't seem to be the case for a bunch of specific UK stocks. Some that come to mind are the large UK house developers - Taylor Wimpey for instance is down to 120 from 227 at peak in February, with similar falls for the other big boys. I work in a tangentially related field, and I see no reason why these solid companies cannot recover strongly (if perhaps, fairly gradually). We aren't talking about airlines or holiday companies where there seems good reason for the falls to stick for a long time given the Corona situation, and all seem to be back more or less to business as normal. As I say I have never flirted with this kind of investing. Is there something I am missing here or could these stocks be a solid home for a portion of my cash?

UKInvesting

I personally have bought into Taylor Wimpy with the recent dip. I think they have a strong balance sheet to make it through the recession and were showing a number of positives before the covid crash. I think over the next few years these companies will recover and continue to grow. There is a lot of demand in the UK housing market and even though the help to buy scheme is in question, we do still currently have it along with the stamp duty holiday.

fuufi6

Vanguard vs Wealth Managment

What are people’s thoughts on £30k in vanguard or sign it off with a wealth management company? A friend used St James wealth management, I think it was around £40k, couldn’t touch it for 5 years but at its highest I think it reached about £80k. It was medium risk I believe. Thanks

UKInvesting

St James's Place have an abysmal reputation, largely driven by reviews such as this one: "*High charges and poor performance from St. James's Place Wealth Management, the largest restricted advice firm in the UK.* *Only 5% of St. James's Place funds have maintained a top quartile sector performance ranking over the past 1, 3 & 5-years.* *85% of their unit trust funds performed worse than half of their same sector peers during the last 5-years.* *Initial advice costs between 5-6% of your initial investment, compared to the industry standard of 2.06%.* *Concerns that St. James's Place are 'stalling' when clients request to move their assets to other providers.*" [https://www.yodelar.com/insights/st-jamess-place-review](https://www.yodelar.com/insights/st-jamess-place-review) \- almost the first thing which pops up on Google.

kjrmqu

10% dip Jan/Feb 2021

First post on here and appreciate no one can predict the future. Just curious to whether investors are anticipating a dip in the early part of next year? Read the recent Tom Lee note which suggests a 10% correction before the rally continues. Brexit done, US election done, we know there will be a vaccine. There’s no more good news...will the surprise be to the downside?

UKInvesting

February still feels a very, very long way away... we’ve got another lockdown to get through yet! Therefore queue the early new year, Brexit ‘solved’ optimism to be replaced by the startling reality that the close out of winter is going to be a hard grind. But there will always be good news to bolster a market - be it positive looking budgets, newly agreed trade deals (UK - US maybe?) or just simply vaccination numbers, I’d expect the spring and summer to see a strong uptick in sentiment. We’ll also by then have probably been given an indication of what the next major binary political debating point the UK will obsess with for the next 5 years will be.

gg4npw

Paying taxes.

Good day, I just started investing and I’m wondering how do you pay taxes with your gains? I work in the nhs so they automatically deduct the tax in my salary. I’m using trading 212. Do they do it for me or do I need to file it? I don’t have any gains yet atm. I just want to ask so that I will know what to do in the future.

UKInvesting

I have also been wondering this so I am hoping someone can clarify, I read that you get taxed on capital gains above £12.5k (maybe 12.3k can't remember exactly) and what I take from that is, that all share you sell and dividends you earn below this amount are "tax free" and above that you pay tax in them, I hope this is the case but maybe someone with a bit more experience can confirm.

j8546d

Is it easy to transfer property from my name to a limited company or do I need a solicitor for this?

I have a residential property in England that I want to transfer from my name to a limited company. Can this be done as a DIY job or do I need a solicitor? I want to keep costs down as much as possible for this. I'm aware that I'll need to pay some stamp duty for this. Edit additional information: I am currently living in the property and it is mortgage free. I am planning on selling it to the limited company as a directors loan and renting it out and buying a bigger for me to live in.

UKInvesting

So it's not impossible but you're definitely best off getting a solicitor. Reason for this is that there are ways of structuring the transfer that will be chosen on the basis of your specific circumstances and it's a lot of money to risk on "generic" advice, especially with regards to tax. There's also the fact that you have to transfer the title at the land registry, which I don't think you can do with registered land without a licence. My suspicion is that you'll save more money by getting a solicitor to structure this for you than by doing it yourself, even if you achieve it to an 'acceptable' standard. For full disclosure: trainee solicitor. I've spent 5 years getting to this stage and I'd be nervous about doing this unsupervised, even if it was my property and plan.

ydytl3

Investment Trusts - Your picks?

Hello All, Which investment trust/s would you invest in now? I have about £65k sitting in cash in my SIPP and I want to invest it long-term into an investment trust/s. I like (active) investment trusts as they have people staring at Bloomberg every day (so I don’t have to) reacting to the markets - and if the Investment Manager isn’t performing, the Board can move the trust to another Manager. I accept this costs me more than passive ETFs. If I can’t come up with (more?) interesting options, I’ll probably add to my ATST, MRCH or BUT holdings - but as they all invest only(?) in listed equities, I’m not sure they are making the most of ITs’ capability to invest in non-listed equities. (Though I’d like to avoid investing in a ‘Woodford’.) Any dividends will be used to add to the holdings. So what investment trust/s would You invest in now, and why?

UKInvesting

Capital Gearing Trust, CGT, it's a wealth preservation trust in FTSE250. Holds mostly index-linked bonds and a selection of deep value equities. The manager Peter Spiller is a genuinely amazing story, he started the trust early 80's and returned like 10% annually for 40 years! A small UK gem :)

j9s3nh

UK Options trading advice

Hey all, im a beginner getting into investing and want to ensure i have the right info before laying money down on options trading. Are there a platforms available that offer call/put trading not in CFD form? Sites such as ig seem to offer this type of option CFD trading that adds additional complexity to an already intimidating market so i am trying to simplify the learning process for myself. I have struggled to find a straightforward application that allows for the selection of call/put options accessible in the uk without the caveat of it being through CFD purchases. Additionally, is the ability to purchase american style options, allowing for them to be exercised before their expiration date, offered on any platforms or are European style options the only available contracts in the UK? Furthermore, around £100 - £500 is the amount i have to spare for trading each month - is this enough to perform options trading small scale. I understand that individual contracts normally control a large number of shares so would saving up a larger sum be necessary before investing in call/put options? Any help is greatly appreciated cheers.

UKInvesting

If this is your first dabble in the markets, I really don’t think verging down options or CFD’s is a good first step, especially with the £ value you’re talking about. Maybe turn to investing first, and if you want to continue down other tracks, you’ll be more knowledgeable in time.

pmz97u

Where can I invest in Water Intelligence PLC (LON:WATR)

As the title states I'd like to invest in Water Intelligence and hold long term. I would buy shares in my S&S ISA with HL, but I don't fancy paying £11.95 (fee) if i'm only going to buy £500 or so worth of stock. HL is the only place i've found where you can buy WATR, and i'm unwilling to invest a larger sum at the moment a) because I deem it too risky, and b) because I don't have the money right now. Should I just suck up the fee? Is there an argument that says it's not even worth spending so little on individual shares? Any advice is much appreciated.

UKInvesting

Available to buy on iWeb for £5 a trade (last time I checked), but I guess the account opening fees will prevent this from being cost effective for you. Lloyds and Halifax are the same group through, so they will also have it. In my opinion it's not worth worrying about the fees. It's a bit like owning a yacht and complaining about the cost of chandlery - it's just the cost of doing business, so there's no point moaning about it. Generally speaking you should expect your portfolio to earn about the same as the index - a bit more if you're smart and savvy. If I'm buying an individual stock it's because I think the market has seriously mispriced it and there's a big opportunity for me (I don't do this very often), so if I were betting £500 on a stock then I would be expecting to make *at least* £250 profit, and would consider a £12 fee to be negligible. If I don't think the opportunity is outsized then I might as well have my money in my main funds, where I am confident it's going to earn at least as much as the index.

hwemlm

Scottish Mortgage on trading212 app.

Good day friends. I've been looking at the Baillie Gifford SMT fund for a while as a potential fund to put my money in and I just noticed they're on trading 212. It would make life much easier if I was invested in the fund via trading 212 as that's where all my other investments are. My only question is am I investing in the fund itself via trading212 or am I investing the SMT portfolio of equities etc. Does this even make any difference? Probably a stupid question but thought it was worth asking. Thanks for replies in advance.

UKInvesting

You are buying a share in the company Scottish Mortgage Investment Trust Plc which is an investment trust. This company uses its funds to invest and those investments make up its portfolio. You are not adding any money to SMT's funds: it's a closed-end fund. It can only raise more funds to invest through the ways other companies can, like issuing more equity or borrowing (or of course reinvesting any dividends it receives). Each share is a small piece of its current circa. £10bn assets. This is the case no matter which broker you use.

j6f09u

What is the catch in platforms like Freetrade and Trading212?

What is the catch in platforms like Freetrade and Trading212? Compared to more "traditional" ones like Vanguard or even compared Revolut I am 23 and have about 100 pound a month to invest. Already have a solid 3 month emergency fund. Thanks in advance.

UKInvesting

There's no catch. They don't have hidden charges, your money is FSCS protected like any other ISA. Trading 212 makes money from their CFD accounts. Almost 80% of those accounts loose money, and when they loose, Trading 212 wins. That's why it's free to join and trade. And therin lies another tip - don't use the CFD accounts, stick to the ISA.

98at30

UK brokers, few questions

I have a ISA account with vanguard, which I am very happy with. However vanguard doesn’t allow you to invest in specific stocks. Given this I was going to open an account with “degiro”, given its low fees. But I have a few questions: 1. Are “brokers” like degiro safe? I understand that all investment is risky but is the broker it self safe? Would you be okay if using them to invest a a substantial percentage of your net worth with them? (100k plus) or should you use banks (and take the high fees) for this ? 2. Hypothetically, if a broker like degiro fails, what happens do the shares, do you still own them ? 3. I am a EU citizen living in the U.K. , is there any issues with this that I should be aware of when investing from the U.K. ?

UKInvesting

To add to /u/JoeK76's excellent answer: 1. DeGiro operates in the UK under an EU passport as it is an authorised firm of the Netherlands Authority for the Financial Markets (AFM). As they are not an FCA authorised firm this means your investments will not be covered by the [Financial Services Compensation Scheme](https://www.fscs.org.uk/what-we-cover/compensation-limits/), which covers investments up to £50k for UK regulated firms in the event the broker were to go into insolvency. DeGiro is covered by the The Dutch Investor Protection Scheme (Beleggerscompensatiestelsel) which covers only up to €20k. See [here](https://www.degiro.co.uk/about-degiro/safe-and-reliable.html). 1. Brokers hold securities for you as [nominee](https://www.investopedia.com/terms/n/nominee.asp), whereby they are the "Legal" owner and you are the "Beneficial" owner. 1. Not really as all the FCA incorporates all EU finanical directives (MiFID II etc). However, as a general note, a no-deal brexit may have [double taxation](https://europa.eu/youreurope/citizens/work/taxes/double-taxation/index_en.htm) implications for EU citizens remaining in the UK. edit: spelling

jg8vvu

Is T212 safe to put my money in?

Hey all. I just opened my stocks & shares ISA with T212, with the intent of investing 50% into funds and the rest into individual stocks like Tesla, Apple. All with long term intent. So, is it risky? I plan on maxing out my 20k ISA this year, and wouldn't want to get done over by a glitch. I'm seeing threads where folk mention the T212 team fucking up a lot, and losing people money. The only other option is a platform like Vanguard, but then I can't invest in individual stocks. Thoughts?

UKInvesting

T212 has recently just hit 500,000 invest and ISA accounts in summer and climbing by about 100,000 a month, how many of those account holders are complaining about mess ups and losing their money? answer: none. the CFD people are the ones that are all complaining usually doing crazy day trades like on IPO's that just open with wild spreads which is nothing to do with the invest and ISA sides of the business. it's well known that these kinds of CFD platforms (eg: robinhood) make mistakes but the T212 ISA/trading side is solid as a rock. Also probably over half of these complaints are the person not understanding the CFD platform correctly. so in summary, yes your money is safe, just steer clear of CFD side.

isimr3

IAG today is the perfect example to those that think, things can't go lower

having done a rights issue and the price dropping some 30%, shows that however bad things can get with the stockmarket things can get worse. Yes Lloyds, Cineworld, national express look cheap, but you won't be getting a bargain, if they are cheap its because the market knows their worth

UKInvesting

Excellent analysis of the situation! I got out of IAG when they spiked in June and was happy with a small 20-25% profit. I'd be pretty disappointed if I was still holding as of today. I'm still bagholding Lloyd's for, at this point, some unknown reason. What a terrible company to invest in! As you say, some companies can always simply go lower. I'd add Rolls-Royce to the list of examples where 'buy the dip' just sometimes doesn't pay off.

fy2b9z

Created a portfolio - probably recklessly. Rate it?

Over the past two weeks I have bought a few stocks on eToro. I felt optimistic that given enough time the markets will rise and I will see a profit from the current bear market. However, the more I learn about investing, the more I realise how little I knew when recklessly buying stocks this past fortnight. I had planned to hold my stocks for however long it took to see a satisfying profit. However, I am now wondering if it's possible that my process for picking stocks was so clueless that I should take my current modest gains, buy a book, and come back when I know a thing or two. My process for picking stocks has been this: * Multiple recommendations on Motley Fool by different writers (I now realise it's not a reliable website) * Well known brand which I perceive to be robust and well run (I acknowledge that's subjective, not very scientific) * Stable price during 2019 which has fallen from its average price by at least 33%, but usually by 50%+ * Historical dividend yield of 5% or more (lower the fall in price, higher the yield) * P/e ratio of under 20 * A quick check of Google News to ensure there's no recent bad news My portfolio now looks like this: * ETH (cryptocurrency not stock) - 41% * Easyjet - 7.25% * Aviva - 7.25% * BT - 7.25% * Glencore - 7.25% * Legal & General - 7.25% * Lloyds - 7.25% * Rolls Royce - 7.25% * Redrow - 7.25% Overall my stock is up by 18%. As said above, thoughts invited on whether this looks like a sensible portfolio or whether I have just been lucky and should cash out while I'm in the green. Either way I am going to keep learning as quickly as I can to hopefully make better trades in the future.

UKInvesting

I guess I'll be the one with the boring truths: * You are likely to do better buying low-fee widely diversified funds than picking stocks. * With a time horizon of 2-5 years, you have to accept that you are putting your capital at significant risk Of course, crypto is highly speculative and risky, but if you had to choose only one, I like your pick of ETH.

9nbrjs

Vanguard Performance

Hello, I’ve got some vanguard trackers such as the LS80 and FTSE global all cap. Appreciate values go up and down but it seems to be performing poorly at the moment. Performance over a year was at +8% and now seems to be at -8% almost over the course of a week. Has anything happened to cause this or is this just the kind of fluctuations I should expect.

UKInvesting

Dude, look at the stock markets... Edit: Just thought I'd be a bit more helpful and mention that people really should try and risk categorize themselves (honestly) before making investments. Can't stomach a 50% capital loss? Don't go 100% equities.

jcvk5v

Please could I get some advice on investing?

Can I get some opinions on my investments?/ what you would do in my position? Age: 20 years old Income: £1,530 per month or around $1,988 dollars I work a 9-5 in IT with very good progression Income = ~£1250/ $1614 after expenses Objectives: Id like to buy a house in 5 years (apartment style house) and then treat myself to a tesla in the future Current holdings: just invested into TSLA, AMD, AMAZON, AAPL, using trading 212 Any other assets: I have a car - bought outright, so I have yearly costs on that (insurance, tax, unforeseen repairs that may be needed) No big debts - just a £50 month phone contract until march 2021 Any other relevant financial information: I give £200 / $ 250 each month to my parents, around £100/$130 on fuel, and £50/ $64 on my monthly phone bill I also have a company stock plan in which I give a 3% of my monthly salary and they add 25% onto that after each year. I can increase this to 15% of my monthly salary Time horizon: 30-40 years Id like to put this money aside split between a fund and individual stocks/ shares. Maybe treat myself to a tesla in the future https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/b/baillie-gifford-american-class-b-accumulation - ive been looking at this fund as my choice Please could I get some opinions?,

UKInvesting

Your investments seem very underdiversified, 1 sector on 1 county, if there is a second coming of the dotcom bubble you are going to take a massive hit. Try to diversify across countries, sectors and risk factors if you are running a long term investment plan. Bit of a pain for a DIY investor tho.

9zns9p

Weekly Share Your Portfolio Thread

Thanks to /u/DearTereza for their efforts before automoderator got involved. Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else!

UKInvesting

Took advantage of AJ Bell's black friday deal to clean a few things up, and thanks to an unexpected refund decided to top up some other funds ahead of 2019. **Bought:** BVXP - Some people think it's overvalued based on the P/E, but after looking into the company I think it still has room to grow more over the next decade. It's an amazing company, no debt with great ROCE. There are words about short-term niggles but I don't really mind as this is an LTBH for me. I also topped up my Vanguard Global bond fund, emerging markets fund and ishares global property fund this week as I had a small refund that'd otherwise sit in Marcus till April. **Sold:** DC. - Crossed 15% loss this month, so I'm ditching it now rather than after the next dividend as I expect it to drop further. The cash from this went into BVXP. There's a good div and DC. do have some prospects if they can turn things around. I'm just not prepared to lose more than 15% in a few months on a company that I don't really like very much. **Holding:** LLOY, TSCO, SYNC, BGS - TSCO div came in this morning, LLOY is almost back in the black, as are SYNC and BGS. **Crypto** Oh god, the horror. I don't mind as most of my crypto was mined long ago. Just plodding away dropping whisky money into BTC and ETH each month though, waiting for the bottom to come. Hoping to see BTC reach <$3000 by Jan, at which point I might change tack. ETH at $50 is becoming more likely as we crossed below £100 last night. I'm glad I held back on alt positions as I think a lot are going to face death - we'll see if NEO can handle dropping back to the old Antshares price this winter, and I'm tempted to pick up XRP if it drops below $0.30. **Planning** Next year I'm topping up BVXP, buying LGEN and either IGG or PLUS by the looks of it. Mostly just planning on holding more cash in anticipation of Brexit.

jd2f06

Mortgage Advice For A First Time Buyer

Hi everyone, Generally speaking, would it be better to get on the housing ladder ASAP with a smaller deposit but borrow more from the bank. Or, is it better to wait until we have a large deposit to put down on a house and borrow less. Whilst saving up for the deposit we will work remotely abroad where we would pay $400 rent. (My girlfriend and I have done this before and know of the saving potential). My thinking is that option 2 would be better since we would pay less in interest on the mortgage over time, meaning that we would pay less overall. But is it also true that housing in the UK will increase in value and outweigh this? Let me know what option you think is better and why? Thanks

UKInvesting

The question you should probably answer is “will my house value increase above the annual mortgage rate?”. Depending on where you are in the UK the answer is almost certainly yes. COVID might slow down the increase in house value, but only London prime properties are really forecast to drop in 2021. The remainder of the UK will likely see anything up to a 3% increase, and then we’ll be back to 4-5% year-on-year increases thereafter. Just get on the ladder ASAP

g7wask

Growth stock - esports

Hi giys Probably not something I'm looking to invest in as I don't know a huge amount about it but what are your views on esports companies like gfinity? Feels like lock down has brought some of these sports closer to the mainstream with premier league players playing in tournaments and formula 1 creating similar style events. Have read previously that these companies aren't making huge profits but that's obviously linked to viewing numbers. Interested in your views of where esports will go and what share prices associated with it could be?

UKInvesting

Modern Times Group is the biggest afaik - they own ESL and DreamHack. I like them because they spun out of Kinnevik, and management are very able capital allocators. I would be a little cautious of the sector generally. Most of the companies are just going to be opportunistic attempts to fleece investors. I am not particularly convinced by Gfinity...they just don't have any valuable properties (their whole strategy of trying to run lots of events across many different sports seems to misunderstand consumers totally). In terms of where esports is going...I think they are just another part of the media sector. The big issue with esports is that aggregate audiences are huge (very roughly, they are one of the bigger second-tier sports i.e. bigger than rugby, golf, baseball) but the audiences are very diffuse and, so far, have proved pretty hard to monetise. As with all things social, you are going to get Lindy effects and viewers will moved to a power law distribution. One or two events will get huge, everyone else will stay small. But we are still at a very early stage of exponential growth that will sustain many weak operators (i.e. Gfinity). In terms of different sports and viewer experiences: CS:GO is very simple to watch, has a big player base, and gets consistently huge audiences. LOL is more complex but has the biggest player base, and is (obv) very well penetrated in Korea (Dota same but less so). Overwatch is basically impossible to watch but has monetised very very well. Interestingly, Overwatch League is owned by the developer which has been a huge strength in terms of monetisation and getting investment. So I think things are still up in the air. I don't think the big winner has emerged. I don't think there has been buy-in from advertisers without a strong corporate backing (those brands that have noticed this mispricing are printing money from ads). And I don't think it is clear yet how leagues can attract people who haven't played the games (i.e. games like LoL are basically impenetrable...they are great to play but confusing to watch). Definitely an area to watch though, probably the most interesting part of the media sector rn.

921rcx

Can I direct my pension money through work into my Vanguard ISA?

Hello all I am employed. I work Monday to Friday for a company. The company has a pension scheme (minimum the government forces them to go by). Can I direct the money from my monthly pension contribution (the money I pay, plus the contribution paid by my employer) into my Vanguard ISA? Thank you

UKInvesting

No. If this were possible no one would use pensions! It would be completely useless as an incentive to save for retirement (the reason pensions exist) if you were able to direct it to an ISA, untaxed where people could get their silly hands on it straight away... Long story short, no.

kje1ja

Switch from Hargreaves Lansdown to Trading 212

I have recently opened a Hargreaves Lansdown Stocks and shares ISA. I opened my account early November and deposited £150 without actually investing anything. After doing some research iv found Trading 212 would be better for me in the long term for the funds I want to use due to the fees. I emailed HL asking to close my account so I can switch to trading212. They replied saying I can only subscribe to 1 Stocks and shares ISA in the tax year. is this correct? I know you can only have one active 1 in the tax year but as I have not used or invested in any shares I was hoping I would be able to open a trading 212 stocks and shares ISA for this tax year. ​ Any advice would be appreciated. Thanks

UKInvesting

HL offers fee-free fund investing. Invest in the fund and in April open a T212 ISA and do a transfer. That’s the only option available to you now unless you fancy a few hours on the phone to HMRC to try to nullify the HL isa. Alternatively, £150 is not going to appreciate to over the capital gains tax threshold - open a non-ISA with T212 and move in April to an isa. You won’t owe tax or have to submit a self assessment.

gn868e

Investing in precious metals?

I want to put some savings into gold, but I don't really know what my options are. I've found some options on the LSE which allows you to invest in a combination of 4 precious metals (gold, silver, platinum and something else) and the share price moves with the combined value of the metals. Just seeing this second option opened my eyes up to the various ways to invest in metals I was totally unaware of. Can anyone please give me some suggestions and advice on investing in precious metals?

UKInvesting

Do you have an existing product that you are looking to invest in? Worth checking what funds are available there first. Most investment managers have some sort of precious metal fund, be it L&G, Aviva, BlackRock etc. Are you specifically looking for the spot price of Gold? Or do you wish to invest in miners too? Same with Silver, Platinum etc. Is it all precious metals, just gold or gold and silver? Precious metals are priced in dollars so you will have a currency risk if £ appreciates against the dollar, you will need to have a fund with a hedge if you don't want this risk. WisdomTree do a nice range of funds on precious metals but they're not available on all platforms. Hope that helps and gives you something to think about.

m8jiwd

Thoughts about Just Eat - hold or sell?

I bought a lot of Just Eat shares last year expecting the company to do quite well during the covid lockdowns. However when reading the latest annual report (17.03.21). Although the company revenue has increased by 344% from last years, the company is still operating at a loss... To add to that, the share price is steadily falling since Oct 2020. Not sure what I make of this whole situation. Not looking for any definite answers, just want the opinion of my fellow investor colleagues on the matter. 1. Should I hold to the shares? Just Eat merged with [takeaway.com](https://takeaway.com) last year and is also trying to get into US with Grubhub, are the losses just because of the aggressive expansion strategy of the firm or just a bad business model? 2. Should I just sell now and try to cut losses and reinvest in bitcoin/companies/index funds? Already at around -20%.

UKInvesting

My concerns are that takeaway places are trying to move away from them (with limited success) as the pricing is too high. With the gig economy employment law situation, competition and an unhappy service base, I'm not entirely sure what they can do to squeeze more money out of the business model?

o1dyh6

Sometimes, I sit at my computer watching the GME ticker and wonder "when the fuck is this damn squeeze gonna happen?", and then I remember...

Because of this opportunity I am going to get to retire at 20. Some of you apes are much older than me and have been sitting waiting for something like this much longer. ​ You've been fucked by these hedgies in '08 and '01 and '90 and '70 and for some of you Silverbacks even longer, and it is then that I go out back, lit a J, an thank the Ape lords that I was able to not only be born in a time perfect for investing in GME, but also that I was active on WSB before and when it happened and had the golden opportunity to live through this and invest my (short)life savings as much as possible into GME. ​ Be patient fellow apes. I know we all want to be stupid rich now, but we can wait a little longer, we've got time...

Superstonk

I got fucked over in the 30’s. Yes I am a potty ass grandpa. Ken Griffin could be my son. Thank god he isn’t otherwise I would have bitch slapped his face with a ruler because it was acceptable back then.

a65moc

What side-hustles have you tried that turned out NOT to be worth your time?

A lot of people take up a side-hustle on their journey to FI. Some people have a lot of success, and some people even end up turning their previously part-time endeavor into a full-time venture, or a post-retirement career. But I'm curious, is there anyone here who's tried taking up a side-hustle and realized that, for whatever reason, it wasn't worth it to them? Either it was too difficult to make a profit, too stressful, too time consuming, or some other factors? If so, what was it and what made you decide it wasn't worth it? ​ I had a part-time job on top of my full-time job for a couple years, but eventually it became unsustainable as my career developed and I needed flexibility with my schedule. The extra money was nice, but the hourly pay of my part-time job was poor and I felt it would be much smarter to invest my time in my career and seek to boost my salary by a few thousand a year instead. So far that's proven to be the right decision. ​ I've thought of taking up some other kind of side-hustle - I like to peruse thrift stores and I know some people locally who flip items for a profit. But I would be worried about how profitable something like that could be. We live in a world where there is so much "stuff" for sale and most stores have slim margins. Plus, there are so many ways to get scammed when selling something online and from what I understand, you basically have to build that into your cost of doing business. I've thought of getting a multi-unit rental property as a side-business, but I'm a few years away from having the kind of capital where that would be possible. ​ Also, I realize that some side-hustles that are not worth it to one person will completely be worth it to another person...there's a lot of posts on this forum about people who felt free when they could finally turn to working as an independent consultant, and there's a lot of posts about people who try it and realize they hate it. And this will depend on people's careers - it may be easy for someone with a government job with fixed hours to find time for a side-hustle, versus someone who has a career that pays very well but requires them to be on call a lot of the time.

financialindependence

selling crafts - people are used to buying things cheaply, and are pretty unwilling to pay what would be even close to minimum wage + materials for things. plus it can destroy any pleasure you get in making things, when you have to keep cranking them out quickly.

dpdnk6

Frustrating that we can't tell anyone about our FI

Late 50s, LCOL area, and we sold our second home today. Our investments plus cash passed $1.2 million. No debt and home paid for so I guess we're millionaires. But we really can't tell our family or friends. We figure it would open us up to being put upon. How do you all deal with this? Just keep living a frugal life and smile a lot? Honestly, I don't think I know how to **not** be frugal.

financialindependence

First rule of FI-ght club (I am sure this one has been used before). I have one friend that I talk with about my finances. She is about 10 years behind me in her financial journey. We compare notes and are very candid with each other. I joke that when she sees me wearing a Rolex she will know the house is paid for and we are over $1M NW. We hit $1M total NW, but still owe on our house. I just tell people I am interested in personal finance and talk generally about our approach. I do not talk numbers. I talk about it because I hope it will spark some interest in people and maybe make them think they can do it too. Most of my coworkers are younger. Several of them are like minded. I enjoy telling them that I started small and I am doing pretty good because I started young. Other than that, I keep it to myself, keep driving my truck that has 110,000 miles on it and cooking meals at home.

z2iwmh

Elizabeth Holmes Judge Proposes Texas Prison Camp, Family Visits 😤

* ‘This place is heaven’ compared to others, legal expert says * Judge Davila says ‘family visitation enhances rehabilitation’ Theranos Inc. founder Elizabeth Holmes will wake up at 6 am, will have her choice of three subdued colors of clothing, and will be well above the average age of her fellow inmates **if she ends up serving her 11 1/4-year prison sentence at a minimum-security women’s facility outside Houston as recommended by her judge.** US District Judge Edward Davila proposed the federal prison camp in Bryan, Texas, according to a court filing, even though Holmes has been living in northern California, where she ran her blood-testing startup for almost 15 years before it collapsed and she was indicted in 2018. “The Court finds that family visitation enhances rehabilitation,” the judge wrote in the filing, which summarized the terms of the sentence Davila imposed on Holmes last week at a hearing in San Jose, California. The final decision on where Holmes is incarcerated rests with the US Bureau of Prisons. Davila ordered her to surrender herself into custody by April 27. As prisons go, it’s a good draw, said Alan Ellis, a criminal defense lawyer. It’s a standalone facility, he said, while explaining that unlike some other women’s facilities, it doesn’t share any staff or management with a nearby men’s prison. For that reason, staff members don’t suffer from a “prison mentality,” and are more “open-minded,” he said. Ellis said Holmes’s lawyers likely requested the location. Holmes will face “no walls, no bars, no fences,” Ellis said. “No one wants to get gets kicked out because compared to other places in the prison system, this place is heaven. If you have to go it’s a good place to go.” Like other federal prison camps, the facility in Bryan has dormitory housing and a low staff-to-inmate ratio and is “work and program oriented,” according to the Bureau of Prisons. Bryan is about 100 miles northwest of Houston. Legal experts predicted Holmes would likely serve her time at a facility in Dublin, California, about 35 miles east of San Francisco. Court filings indicate that her parents own a condominium in Washington, DC. Holmes is known to have grown up in Houston. She and her partner, Billy Evans, have a 16-month old boy and she was visibly pregnant at her sentencing hearing. According to Pink Lady, a prison consultant company, the Bryan prison camp houses about 900 white-collar, non-violent female inmates, most of them serving time for embezzlement and a variety of frauds. Prison Insight, a website dedicated to exposing what it describes as the “broken” US prison system, says the average age of inmates at Bryan is 32 years. Programs offered at the facility include accounting technology, cosmetology, horticulture, medical transcription and coding, and small business management. Source: [https://www.bloomberg.com/news/articles/2022-11-23/elizabeth-holmes-judge-proposes-texas-prison-camp-family-visits](https://www.bloomberg.com/news/articles/2022-11-23/elizabeth-holmes-judge-proposes-texas-prison-camp-family-visits?fromMostRead=true)

StockMarket

>the Bryan prison camp houses about 900 white-collar, non-violent female inmates, most of them serving time for embezzlement and a variety of frauds >Programs offered at the facility include accounting What?

cec5wf

Stock market trend Analysis Basics

[https://investorchief.com/stock-market-trends-analyze-identify-it-correctly/](https://investorchief.com/stock-market-trends-analyze-identify-it-correctly/)

StockMarket

You should focus on the reason/goal behind the investment. What are you aiming for with your investment? Once you establish that you have a primary, secondary or any other goal, you can then invest with intent and know which trend to focus on and how you would like to be exposed. Gonna invest for 30 years? Gonna retire in 10? Have a wedding in 2? Need the funds at any given moment? Each has a different investment strategy and knowing when/where to jump in is key

kglhgs

NEXE INNOVATIONS information and discussion.

Just did their IPO on Friday. TSX.V: NEXE. Initiation Report -  NEXE Innovations  Big Changes Come in Small Sizes - Compostable Single-Serve Coffee   Company Overview NEXE Innovations is a cutting-edge developer of plant-based materials focused on replacing plastics with entirely compostable components. Initially targeting the single-use coffee market, NEXE has patented and manufactured 100% compostable products as quality alternatives to Keurig brewing systems K-Cups and Nestle’s Nespresso pods.  With an addressable market estimated at US$19 billion in 2020, NEXE is forecasting their single-serve coffee segment will grow from under $500k in 2020 to $20 million in 2021 as they ramp up existing production lanes and take delivery of additional lanes delayed due to COVID-19. As the company grows, NEXE plans to leverage their materials expertise and IP to enter markets beyond of single-serve coffee. The company plans to announce an IPO in Q4 2020. Key Takeaways Growth for single-serve consumables is estimated at 7% CAGR through 2024, with 40 to 50 billion single-serve cups to be sold in 2020.  NEXE will be the sole North American patent holder of 100% compostable K-Cups and Nespresso pods that provide the same look and quality as the original designs, unlike current market compostable cups using “mesh” shell designs that provide less than ideal storage and brewing conditions for the grounds. Less than 25% of all single-serve coffees will be recycled. As investors focus on sustainability and ESG investments grows, tackling recycling and “cradle-to-cradle” product lifecycles will become more important. Keurig and Nespresso already deal with major backlash for both lack of recyclability and the complexity of the recycle process. COVID-19 has hurt smaller independent coffee distributors who typically sell in brick and mortar locations. These smaller distributors consider sustainability a core goal of their operations, and NEXE will provide them with alternative sources of revenue via single-serve consumables that remain in-line with their investment in sustainability.  Leveraging their current knowledge and that of key stakeholders, develop a suite of plant-based materials IP for growth into the broader single-use plastics market, effectively doubling the TAM. Conclusion We think NEXE's timing for entry into the single-serve cup market is perfect. The catalysts via work-from-home and self-isolation is increasing consumption, investors are increasingly ESG focused, and the limited options consumers have for quality compostable cups make NEXE ideally positioned to take advantage of said tailwinds. Deeper Dive – Company and Market Analysis Company Snapshot   Co-founded by Darren Footz (previously President of Granville Island Coffee) and Ash Guglani (Investment Banking) in 2014, NEXE's management team brings deep expertise in coffee roasting, packing, and distribution, forming the backbone needed to support their patented innovative technology. Management retains ownership of about 35% of the company, and the three previous raises from 2016 to 2019 have all been at increasing prices providing further confirmation on the progress the company has made since inception. The company’s balance sheet remains clean of substantial encumberment, as the previous financings and government grants have covered operating expenses to date. The only debt on the books currently is government debt.  To fund the working capital and capex required for expansion in 2021 NEXE is raising $13.6M at $0.80/share, oversubscribed from the original $9M, giving the company a pre-money of $51M prior to IPO.  Valuation Given the inherent risks in a start-up and using a weighted DCF and Multiples method we net an intrinsic value of $0.93 /share on a non-diluted basis post-raise. Due to the nature of the business and segment growth, we feel the aggressive growth being forecast is reasonably attainable and worth the 5x 2022 EBITDA valuation and 10% DCF terminal growth with a high bar ROE of 15%. Valuing early stage companies is highly speculative, and our estimates are not intended to be used as the sole basis for investing. The Market & Its Waste Problem At the beginning of 2019 almost 41% of Americans owned a single-serve coffee brewing machine and sales of single-serve cups had gone from 2.3 billion in 2010 to 10 billion in 2019 for Keurig alone, a 17% compounded annual growth rate.  Considering Keurig has about a 20% market share, we estimate 40 to 50 billion single-serve cups will be sold in 2020 with a total addressable market to manufacturers and distributors of around US$18-20 billion. Additionally, the catalysts for growth in the single-serve cup market have never been stronger as people work more from home and self-isolate, integrating single-serve coffees into their daily routine in lieu of traditional alternatives like coffee shops.  “From a personal standpoint, it saves 20 seconds of your day," he says. "What's that worth?" - John Sylvan, inventor of K-Cups regarding the environmental damage they’ve caused.    In 2018 the world collectively threw away around 56 billion single-serve cups into landfills, an equivalent of 896,000 tonnes or 3% of the total food waste the US generates annually.  Consumers are becoming exceedingly aware of the negative environmental impact their coffee choices have. Interestingly, most understand the negative impacts but don’t change their behaviors; we theorize this is due to lack of quality sustainable alternatives to existing single-serve cups. Those who do attempt to dispose of traditional single-serve cups properly, as they are advertised as recyclable, are faced with challenges making the experience anything but convenient. This issue is made apparent by a recent class-action lawsuit in July 2019 that shows manufacturers definition of “recyclable” can vary from what an individual, or the law, might reasonably assume.  For example, only certain parts of a Keurig cup are recyclable, so you’ll need to separate each part before properly disposing of them. For Nespresso, you need to use their included red disposal bags and drop your pods off at certain Nespresso locations so they can take them to their custom recycling facility to process. These barriers to recycling are delegated to consumers who usually end up throwing the single-serve cups into the garbage.  The waste described above is not unique to the coffee world. The increase in demand for small and convenient packages with quality designs and unique visuals is expected to drive the total addressable market of single-use packages from US$34 billion to US$47 billion by 2025. This is a substantial amount of product that consumers will want to be more sustainable and compostable, and NEXE plans on being part of the solution by growing beyond single-serve coffee. The Solution In an 11,000 sq. ft facility in Surrey, BC, NEXE Innovations can receive, roast, pack and ship up to 20 million units of K-Cups and has ordered an additional five “lanes” from Italy that will increase production capabilities to around 120 million pods in 2021. Generating this amount of sustainable, 100% compostable single-serve cups is no small engineering feat.  Using patented materials and assembly techniques, NEXE creates an outer fibrous shell (made of various sustainable plants that aren’t sources of food) that is bonded via ultrasonic welding to an inner PLA (polylactic acid) shell made from corn husks and leftover sugarcane stalks. On an individual basis each component isn’t overly difficult to produce, but it becomes significantly more so when designing for harsh environments like a brewing machine. Most fibrous biodegradable materials breakdown in 90°C water, so NEXE uses the PLA inner shell to both protect the outer shell from water and lockout air to keep the coffee grounds fresh with a 12-month shelf life. PLA is delicate, so a fibrous external shell provides the structural integrity to withstand both exposure to the elements and the high pressures inside the brewing machine used to move water. NEXE’s patented design avoids the use of glues to bind components and plastics for assembly, helping to distinguish themselves from their competitors as glues are tougher to apply consistently during manufacturing, can contain VOC’s, or otherwise degrade due to high temperatures during brewing.  Pictured: NEXE's manufacturing facilities  NEXE’s patented designs and manufacturing techniques provides an intellectual moat that will keep competitors from developing products of similar quality at scale for a few years. This moat is bolstered by the largest players, Nespresso and Keurig, focusing on recyclability instead of compostability due to the use of aluminum and plastics in their design.  Importantly, NEXE has put its pods through rigorous testing with third parties to confirm the compostability properties of their K-Cups, and indeed determined that while the fibrous exterior composts completely in the span of a few weeks, their PLA inner shell take the better part of 70 days in a composting facility. Note, anything under 84 days is considered compostable under most regulatory body guidelines, European and North American, and the Ontario government has endorsed the compostability of Club Coffee’s pods which also contain PLA.  At the end of the day the consumer wants a quality pour from their machine, and there are three main variables that determine a pours quality aside from the beans.  Firstly, time to extract, which can be controlled by the shape of the K-Cup, the compaction of the grounds, and the grade of the mesh filter. Temperature, which is typically set by the machine and constant. Lastly, pressure, which while also set by the machine can be manipulated based on the compaction of the grounds and fineness of the mesh filter. NEXE can control all of these to fine tune their product to consistently deliver the best pour unlike Club Coffee and Maxwell House, their closest competitors, whom simply cannot due to the nature of their cup design. While the short-term focus is the single-serve coffee market, there is a US$34 billion market for food, beverage, personal care and more that NEXE can pivot their existing materials technology to concentrate on. In collaboration with the University of British Columbia, the Government of Canada and various other research groups, NEXE is planning to grow their existing patent portfolio by 2021 to include the design and manufacturing of compostable products suitable as replacements for various containers, such as replacements for extruded plastics like yogurts, condiments, and other “snackables”.  The Non-Competitive Landscape Kraft Foods (Gevalia, Tassimo), Nestle (Nespresso, McCafe), and Keurig are all major competitors in this highly consolidated market space, with the top 5 brands holding around 50% of the market share. In 2020, Keurig and Nespresso will produce around 20 billion capsules and will classify all of them as recyclable.  Both Keurig and Nespresso aren’t competing with NEXE on compostability, and neither is Rogers Family Coffee or Kraft Foods, so we consider NEXE to have a competitive moat as there are few incumbents and the barriers to entry from knowledge and technical expertise required is substantial.   Other more aligned competition does exist from smaller manufacturers, most notably Halo, Maxwell House, and Club Coffee, but unlike NEXE, these are not materials companies. Club Coffee and Maxwell House produce very similarly designed products; a paper lid, a PLA ring that is used to give shape and bind the lid, and a cornstarch or similar fiber mesh body that doubles as a filter. There are a few issues with this design. Firstly, the mesh body doesn’t provide resistance to water the same way a rigid PLA cup would, which results in water being able to take paths that extract less coffee flavor than a regular pour. Also, the mesh body exposes the coffee grounds to air which oxidizes the grounds and degrades the quality of the grounds. Regardless of potentially lower quality coffee, Club Coffee’s first to market BPI Certified plant-based coffee pod has sold over a billion cups as of April 2020, and has built partnerships with Jumping Bean, Muskoka Roastery, McCafé and Presidents Choice. We think this demonstrates the current lack of options that consumers and companies face regarding compostability and confirms the sizeable addressable market that sustainable single-serve coffee pods are carving out.   Halo, a UK company, provides a 100% compostable Nespresso pod replacement made solely of sugar cane and paper pulp. This company is most similar to NEXE in that they’ve developed an alternative to the original Nespresso pod that’s compostable any retains the same quality form and function. There are drawbacks, as the sugar can and paper pulp is enough to withstand the Nespresso brewing machine but not much more, which is good because the product is biodegradable just about anywhere within a few weeks at regular temperatures, however, the shelf life is limited as the product isn’t capable of being airtight. This is a better engineered product than the Club Coffee and Maxwell House offerings, but like those other products it must be consumed within a shorter timeframe than traditional single-serve cups as exposure to air reduces its shelf life. Halo’s product comes at a premium of £1 per pod, or $1.72CAD, which is over double the price of a normal Nespresso pod at $0.78-0.86CAD.  Final Thoughts People are becoming more knowledgeable about the products they consume and the way in which they are produced. Proof of this increased focus is the flow of capital into Environmental, Social and Governance (ESG) principle investing funds which have attracted $71.1 billion globally in the first half of 2020; that’s up from $20.6 billion in all of 2019, and twelve times the $5.5 billion that was pulled in 2018.  In more obvious day-to-day examples, we see plastic straws being banned in favor of paper, restaurants being forced to use biodegradable packaging for takeout instead of plastics even though it’ll end up increasing costs to the customer and make transportation of certain foods harder. Society is moving towards using sustainable consumables.      Single-serve coffee is estimated to be growing at around a 7% CAGR over the next 4-6 years, and the near-term catalysts of working from home and self-isolation due to COVID disruptions make our $18-$20B addressable market for 2020 appear conservative. Small independent sustainable roasters will be looking to diversify their revenue streams as more consumers shop online and getting access to the single-serve coffee market that NEXE will provide would be an excellent way to achieve that. The lack of meaningful competition and quality products have allowed an arguably inferior engineered product in Club Coffee to grow sales to around 1 billion pods in the span of a few years and now dominates the compostable pod segment.  If NEXE can capture even 2% of the market that Club Coffee sells into (or 0.05% of the overall market), they would generate $10M in revenue. Management is targeting 0.22% overall market penetration by 2022, which brings them closer to $44M in annual sales. NEXE already has approximately 12M of the 20M initial production capacity reserved by an independent roaster should NEXE meet certain design milestones.  The near-term plan going to forward is to establish additional independent roasters as partners across Western Canada, California, and the Pacific Northwest as more lanes and production capability comes online. Lastly, there is the significant value in the technology itself that NEXE has developed. NEXE will not only be able to generate revenues from licensing its technology regarding single-serve coffee but will grow it’s IP regarding assembling various organic materials in innovative ways to address the single-use plastics market as a whole. NEXE plans on being able to target food and beverage products like yogurt, fruit, soup, and more, doubling the total addressable market beyond single-serve coffee.  ----

CanadianInvestor

Added it to my watchlist. I'm curious, do they already have PO's or how do they get their 2021 projections? If they indeed manage to generate the revenue, then there is a tremendous upside in SP, in my opinion.

tewh12

Bonds are getting cheap

I spent some time checking the long term charts of ZLC and ZAG, a couple of the BMO bond etfs, and they are at multi-year (if not multi decade) lows. It appears they have already priced in at least a couple of percentage points of interest rate hikes, which may take the bank of canada a year or two to complete. What’s your opinion? Are these funds buys at this level? And if not, what level are you waiting for?

CanadianInvestor

Depends on what your aims are. If you’re planning to long term hold, wait for higher rates. If you want as a balance to equity exposure, nothing has changed and they still serve that purpose. If you want to trade for capital gains you might be right in the short run and rates end up not rising fast and you see some opportunities to capture cap gains. I am only in short duration fixed income at the moment and will likely never switch to longer duration unless rates go significantly higher. Even intermediate duration bond ETFs will continue to see price drawdowns as rates normalize. I don’t own bonds for return at this point, just for a stabilizing force and because I don’t believe in leaving an asset class entirely.

pcgwid

What is your outlook/strategy when everything is trading at all-time highs?

I’m newer to investing and over the last 4/5 months I have become increasingly more cautious about increasing my current positions or starting new ones since everything is trading at all-time highs. My main strategy is dividend investing. Is this something to only worry about for short-term or growth portfolios? Interested in your thoughts.

CanadianInvestor

The only way to make money is to get on the train and stay for the ride. It will go up, it will go down, it will go sideways. But year-after-year it should be going up and to the right regardless of where you jump on. You'll have good years, you'll have bad years, but if it's not a bad pick, it will increase in value overall. Unless you're boarding a fad, hot stock tip, or speculative gamble.

fobeeu

Whats going on today - everything min 10% Green

I do understand that this is probably a quick bounce related to the stimulus package. And it might last about a week until the next bigger blood bath starts but why even the canadian stocks react so positively? Air Canada is having tons of bad days and the stock is up 20%? Why ? is this just pure FOMO?

CanadianInvestor

Some variables to consider (of many): India lockdown announcement, don’t trust what’s coming out of China, jobs report Thursday, Trump wanting to send everyone back to work despite potential health risks, stimulus likely not working as intended considering all the credit risk (too many outstanding debts, not enough cash flow) and the fact that you can’t just restart a world economy overnight. It likely has quite a bit more down to go. That said, I deployed 20% of my cash yesterday buying VEQT, and after seeing it rally like it did based on hope and FOMO, sold it all today and made about 2K. Will buy in at lower levels (based on my above noted observations/assumptions). Holding my individual company investments though since I feel those were bought at a fair price.

p21jlq

What else should I add to my dividend stocks?

I have invested 1/3 of my rdsp portfolio so far and looking for advice on what do with the rest of it… it’s locked in for 10 years. How much should I keep as cash? Should the rest be ETF’s? I’m mid 40’s low-medium risk. BNS 4% TD 2% CNR 3% SU 6% BB 3% VEQT 4% ENB 7% FTS 5% Thanks in advance!

CanadianInvestor

Definitely, more to the banks you have now. TD and BNS before the regulator OFSI allows them to up their dividend and share buybacks, within the next two quarters estimated. That will be huge div increases, I’m estimating 10%+ or more to bring them back in line to their traditional 4%ish TD and 5.5% for BNS. We’re talking 25%+ in dividend raises either in one shot like some of the US banks or double digit increases over the next few years to realign the div to their historical means. I’d also add CU for utilities play, add more ENB, add in some telecom BCE and T.TO. That’s a good round about high dividend portfolio.

hvyxq8

Drone Delivery Canada moving back up.

Moving back up after the offering that braught the share price down. They needed the offering to help with the expanding into the us. Do some dd. This is going places and they have yet to announce their new us partner(s) People interviewed on bloomberg seem to think once their 2500lbs carrier is up and running theyll be baught out by Fedex or ups.

CanadianInvestor

Certainly does look promising...seems that the March 2020 quarter is the first one with actual revenues?! More clarity around government regulations, local by-laws, and insurance would be helpful, particularly when these things are zooming around residential neighbourhoods...

evpc68

Wealthsimple advice ?

Hey guys recently just started investing as of last week (Glad I took the first step) I’m using wealthsimple. I opened a 2.4% interest rate account with them along with a TFSA account. They seem be really helpful for first time investors . However I’m a skeptic and realize that everything that shines isn’t always gold that being said I am curious to know from the Pros of this reddit, are there any down sides to wealthsimple after you build up a reasonable portfolio. What are the pros and cons of this service Thank you kindly

CanadianInvestor

Pros: reasonable fees, very simple, automatic withdrawals and automatic deposit, set and forget. Cons: you can save *some* more fees doing it yourself. They control the investments. For a beginner, WS invest is dead easy and great for set and forget. Can you DIY with a discount broker? Yes, but there is additional work and risk to doing that. You must login and make the trades, even if you set up auto deposits. There is a risk you will not do this or deviate from your plan. You have to choose investments, not easy for most people. How much can you save? MER of WS invest is around 0.6% to 0.8%, and DIY, depending on choice, 0.25% for VGRO as an example. I put a range on WS Invest because you pay 0.5% to WS (less for WS Invest black or generation), and you pay the MER of the underlying funds, which can change if, they change the underlying ETF choice, or your risk factor. There is more details to this, but this is my main factors in the decisions I made.

8k3oet

Enbridge Announces Simplification of Corporate Structure with Proposals to Acquire All of the Outstanding Sponsored Vehicle Equity Securities

This is huge. * Enbridge to buy-in sponsored vehicles (EEP/EEQ, SEP and ENF) in exchange for Enbridge common shares * Fixed exchange ratios reflect an aggregate value of CAN$11.4 billion, or 272 million Enbridge common shares * Post-closing all sponsored vehicle equity securityholders would hold the same publicly traded equity security in a streamlined corporate vehicle Now wondering if TRP really will consolidate its FERC impacted TCP. https://www.newswire.ca/news-releases/enbridge-announces-simplification-of-corporate-structure-with-proposals-to-acquire-all-of-the-outstanding-sponsored-vehicle-equity-securities-682890831.html

CanadianInvestor

Since most exposure in Canada would most likely be ENF: Benefits and Considerations for ENF Shareholders >Enbridge believes ENF's ability to cost-effectively raise capital has deteriorated and that ENF is no longer a cost-efficient sponsored vehicle. Previously, ENF could acquire assets that generate steady cash flow from Enbridge in a manner that was beneficial to both ENF and Enbridge shareholders. However, that is no longer the case.  After ENF's current slate of organic growth projects are completed in 2020, its uncompetitive cost of capital will jeopardize its ability to benefit from future organic growth opportunities and inhibit future dividend growth. >If the transaction is successful, buying in ENF, along with the other entities in the underlying structure, will advance Enbridge's simplification strategy and allow ENF shareholders to derive the benefits of a more streamlined Enbridge structure, and to participate in Liquids Pipeline growth within a more diversified asset base. Trading liquidity will be meaningfully enhanced, particularly for institutional holders. Importantly, by exchanging ENF shares for Enbridge common shares, Enbridge believes ENF shareholders will be better positioned for dividend sustainability and growth beyond 2020. >Under today's restructuring proposal: >**ENF shareholders will receive 0.7029 common shares of Enbridge per ENF share, representing a value of CAN$29.38 per ENF share**, based on the closing price of Enbridge common shares on the TSX on May 16, 2018, reflecting a 5% premium to the closing price of ENF's common shares on the TSX on May 16, 2018. >Enbridge believes that the proposed exchange ratio for ENF reflects an attractive premium to its stand-alone value. >The proposed plan of arrangement transaction is subject to the approval (i) by holders of 66⅔% of the outstanding ENF shares present in person or by proxy at a meeting of shareholders, and (ii) by holders of a majority of the ENF shares present in person or by proxy at a meeting of shareholders, other than Enbridge, its affiliates and other insiders.

jyxtqy

we NEED verified users on this subreddit

I’ve been trading for 3 months going on 4. I know there are a few guys the subreddit tends to accept as being legit/profitable but there needs to be better ways to decide that. this subreddit should be about becoming a better daytrader and a big reason why so many traders fail i believe is because there are so many different methods and approaches to trading. i don’t know how mods work and i don’t know how we’d go about this but i’ve seen posts like this before and there is rarely any traction. i think having VERIFIED/PROFITABLE traders in different markets who can offer advice can greatly improve the quality of this sub. AGAIN, i don’t have a plan for how everything would work but i would like to think the mods should be successful traders OR a really good subreddit mod. there is a lack of management and i see so many scammy posts that due to the lack of legitimacy in this subreddit i think run rampant. i don’t mean to come off as a cocksucker but there is such potential here and i think a discussion is the least we can do as a community. ​ ​ **edit**: I don't understand the pushback. I'm not saying everyone should want to be verified. I'm saying for the ones who are profitable and want to share info they should be able to without mixing their content with chatroom nonsense or strategies with no understanding of the market. this will ONLY increase the quality of the sub. Imagine if you had 3 identical posts but one of them is from a verified redditor, you would choose the verified post. there will be less engagement in bullshit posts and will instead be funneled into posts with more conviction.

Daytrading

I agree. I think ultimately the only way to truly make that work would be to separate who provides genuine advice and helpful content, compared to BS hypey ‘get rich tomorrow’, ‘I made this much on monday and now I’m coming for your wallet’ - type posts. With ya 🙏🏼

zvu2pl

Prop firms Sucess rates: the truth!

I found these data from MyForexFunds (MFF) and I was really surprised by the low sucess rate. I think the data were so stunning that MFF decided to remove them, for some reason I cannot find the link anymore. However I took some snapshots! Basically the percentage of people withdrawing more than one dollar was the following: October 2021 : 0.22% November 2021: 0.072% (yes there is no extra zero... it was really zero point zero seventy two) I could not find more data, but I think that these ones are stunning enough. ​ https://preview.redd.it/1y7of9icia8a1.png?width=496&format=png&auto=webp&s=37b77376dff134c350c740f1c382febee57dace0

Daytrading

There are no barriers to entry, 90% of the people who try don't have a strategy and live in a shithole country just hoping to get lucky and pass. The other 8% have strategies that aren't actually profitable, but don't know it yet. the last 2% have actual risk management strategies and have profitable strategies. for reference, 286,000 people applied that month, there's no way in hell they all had profitable strategies and actually knew what they were doing other than gambling.

jzoxsv

Why is option trading so profitable?

So i know how options works, kinda, because I don't understand how so of y'all on this sub making lile 3000% on some options if you have to pay for the contract + the inssurance. Isn't it more profitable to directly buy the stock instead?

Daytrading

Here is why you buy options. Ex. This morning I bought CRSR $45 12/18 for $479. Two hours later I sold it for $620. For a profit of $141. For the same amount of capital, at the time I bought the option, CRSR was trading for about $42. So I could buy roughly 12 share. When I sold the option, the stock was slightly over $45 a share. For argument sake, say $45.25 a share. 12 x 3.25 = $39. Hope that helps

dwog4u

Successful traders, where do I start?

Hello, I have always been interested in trading but do not know where to start. My first question is which markets I should start trading on? Crypto? Futures? Forex? Which place is best to start for a beginner that does not have a lot of money saved up? Secondly, which strategies has worked for the successful traders in this community? I have no idea whether I should try to trade based off patterns, use a bot that sends me a notification when a certain criteria is met, etc. I understand how naive or ignorant this post may sound becuase I am a complete noob. Basically, I am hoping someone could point me in the direction of where to start with around $1000. What tips/advice would you give yourself when you just started out and which market is easiest to understand for a beginner? Knowing where to start is very overwhelming to me and any help is greatly appreciated. I am 25 and live in the USA. Lastly, I'm not looking to get rich quick or just throw my money out there expecting to be profitable right away. I know this takes time and needs to be taken very seriously. I'm trying to make a decision on which market to start off in, in terms of which market is easiest for a beginner to understand and which strategies have the most chance for success. I'd be extremely happy to make $50-100 per week after developing a strategy. TIA!

Daytrading

I trade futures as this provides more volatility.  I'm mostly now trading the nasdaq, russell 2000, and dow.  /ym, /nq, /rty are the symbols.  Crude Oil as well sometimes, /cl. I trade using renko charts so check these out.  Rarely  discussed.  Also put pivot points on your charts and read up on these. I also use the CCI indicator and that's it.  Keep your charts as clean as possible.   I've only ever used think or swim from td Ameritrade so I can't speak to other platforms. I only trade from 9:30 -12pm although futures run longer then stocks.  Balance life with trading because it does get lonely and boring at times staring at the screen and when I've forced trades it never works out especially in low volatility times. You'll learn about FOMO (Fear of Missing Out). Trades are there everyday so don't think everyday has to be a home-run. Today I only got 1 trade on the Nasdaq although I would've profited from 3 others that didn't quite meet all my trading criteria. Average for me is only 2 a day from 9:30am - 12pm. Yesterday was 3, today was 1. Since my strategy is as simple as possible I'm cool sharing with you. Adjust it for whatever your trading style will be. If you choose to start researching other indicators so be it, but MACD, RSI, etc, have never worked for my style. (This applies to a setting of 10 on the renko bars for the Nasdaq) I set the other 3 futures to the same 10 brick size. For a buy - Wait for a double top to form, then wait for a pullback and allow the CCI to drop below -100 (Keep the standard CCI settings). Once price starts to move back to the double top and (only after it has pulled back to -100 CCI) place a buy order 1 tick above the double top. I hold for 2 full renko bars, which would be 19 ticks of profit. The stop loss would be 2 bars below the purchase price which is 20 ticks. It's only a 1:1 ratio roughly, but if I'm wrong I'm out and that's ok. Just reverse for a short. I also counter trend trade using trend lines which are easy to draw tops and bottoms from using Renko. I wait for extreme price run ups or downs, then for a double top or bottom to form, then a break of the down or up trend line by 1 renko bar. Look up some trend line videos to learn more. Good luck and hopefully this helps your learning curve.

p16lrf

Be careful with the unfortunate sob stories as to why people are selling

It's inevitable that a few of us here will lose our jobs, family members, need a new car engine to get to work, get a divorce, etc. And as much as it is never good to see an Ape hit rough times, we do need to be careful with these posts. It creates a sense of, well, you know what, I'm going through the same thing as this person, I should sell my shares too and take care of it kind of mindset. Personally, I think we should refrain from sharing posts about why you need to sell at this point. If you sell, it would be better to keep it to yourself. Don't know how to say this without coming off as unremorseful, but I hope you get the idea.

Superstonk

Ha! Right? I just replaced a water pump, then a total pain in the fucking ass thermostat, an idler pulley, then the idler/tensioner assembly... and guess fucking what? The plastic bullshit radiator top section is fucking cracked... Fuck me sideways. I'm doing the work myself and my hands and forearms look like they've battled an army of zombies. But, I am fucking holding. When this is over I will have done my last auto repair ever! Unless you're a good looking damsel in distress, then I might make an exception....

bm605p

Apartment application was for a 12-month lease, they sent back a 11-month lease with incorrect figures, insisting it was correct and "very very standard." Is this sort of thing typical?

I applied for an apartment near my university and filled out everything on the application, except for a grayed out box for *Lease Term* which could not be edited and was set to 12 months. They pre-approved me and sent me a lease to sign within 24 hours to reserve a spot while they finish the approval process. In that lease it states that rent is a, "Base contract of $12360, payable in 12 equal installments of $1030, on or before lease commencement date & on the 1st day of each mth until end of contract. The contract amount is not prorated unless otherwise noted." The problem is that the lease is for 11 months and 11 days, not 12 months. This means the rent is actually between $1087 per month and $1124 per month depending on how it is divided up (dividing by 11.366 vs 11) in addition to the fact that I would not be covered for the full 12 months I applied for. When I called they apartment and brought this up they said it was correct, "if you want to look at it that way." That's not looking at it any specific way, that's how the math works out. The rent is not what they say it is. It also states elsewhere in the lease that, "We may, at our option, require at any time that you pay all rent and other sums in one single payment by any method we specify." It seems that this means that we'll pay $1030 for 10 months, then $2060 our last month. I called the apartment to ask them if this was a mistake and they said it is, "very very standard," for student housing and if I go anywhere else they will have the same system. So, is this sort of thing very very standard? Is it even legal? It seems like bait-and-switch to me. Thank you.

personalfinance

All apartment leases near my university ran from August 18th -ish to August 1st, but you would pay in 12 monthly payments. I read the lease to see why they had you pay for a month that you did not get to live there, and it said it is "$xx,xxx" total for the entire lease length that will be split into 12 monthly payments. So yes if you consider the time you can actually stay there the rent on a monthly basis is higher than what you pay per month. And you aren't technically paying rent for time you are not leasing. I do think it is standard near universities but I'm not sure about the clause about requiring paying all rent at any time.

53cfn9

I created a way to automate much of my job as a project in my personal time, should I ask my boss for a raise in exchange for implementing it?

Hi PF! I recently began a new job managing the operations at a small but highly profitable catering company. When I first started, I came in at a time of transition, where everything seemed to be in disarray and not very efficient. My job responsibilities were not too difficult, essentially ordering, staffing and event planning, but they were time consuming. The owner had a conversation with me in my first week and is a very enthusiastic for finding new ways to do things and developing the business operations, as he just wants to cook and loose the reigns on Ops. After that conversation I began work at home on an app that could be placed on the computers as well as tablets and phones which would essentially centralise and drastically increase efficiency of the operations of the business, essentially automating myself out of a job. When you take all the responsibilities that are covered by the app away, I am essentially just loading vans and managing staff at events. This is not a problem as it is a growing business and I would find new responsibilities to work on growing new sectors of the business. My problem is, I don't want to implement this for what I am currently being paid. I get the award rate for a supervisor (essentially minimum wage in Australia) and feel it is way out of my pay grade to reinvent the operations of the business. I plan to give the owner a demonstration in a couple of weeks time to see what he thinks. I know he will like it because of how the business is run currently, it needs this update. I want to know how I should go about getting the most benefit out of this for myself. Problem is, as well as being new I'm also young for my role and am unsure if he will take my negotiation seriously. My plan at the moment is to request an increase of my hourly rate (I'm paid as a casual) and in exchange I will implement as well as maintain the application and develop it further as the business needs it. This will also be ironed out in a contract for good measure. Or should this be something that I do as part of my job and then request a raise after I have proved my value? What do you think PF?

personalfinance

I have no experience in catering but I do know quite a a lot about coding and making money off of things you create. If there's a need for your app/program in your workplace then it's pretty safe to assume that other catering or similar companies are gonna have a need for it as well. If you can't negotiate the pay raise that you want in your current position, then you could always consider selling the program to others as well as your current employer. Also, if you ever decide to move on and work for a larger catering company with better pay/benefits, your program would vastly set your resume apart from other potentials. If you used it to modernize a string of other catering companies then that would look even better. You would also have the money you made from selling your program and if you were successful, the pay raise at your current job before moving on to the larger company. It's just a thought and I'm sure others will agree/disagree haha. Congratulations on the program! Edit: Licensing. Not selling!

ly71yy

Daily Plays - March 05, 2021

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

pennystocks

Just shut off your phone, your computer, and take a break. If you have a well diversified portfolio and believe in your investments, then there is much more green to come. Hope the best for all of you, do something fun, go outside, connect with some friends, just be happy! :)

tsvmgs

Daily FI discussion thread - Thursday, March 31, 2022

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

financialindependence

Took a new job recently and was having some growing pains with my manager. They are the kind of person who tries to be a jerk with vendors in the name of 'project management' while also creating a lot of the problems that need to be solved. Sort of came to a head during our 1 on 1 where they were laying out "area to focus" and I pushed back. Got kind of uncomfortable and thought maybe I screwed myself at this place cause we are essentially a team of two and my job is nearly entirely in their hands. Then they said they were quitting at the end of the meeting and will be gone in two weeks. Basically the biggest hit of dopamine I ever got in my life.

691so7

Great NPR Piece on FI, This Guy Must Lurk Here Right?!?

http://www.wbur.org/hereandnow/2017/04/25/millennial-money-grant-sabatier Talks about side hustles, compounding interest, paying your self, savings rates, and even drops the FI bomb! Speak up Grant!

financialindependence

If memory serves, this is the guy who started a highly lucrative consulting firm. Obviously, that isn't a replicable path for most people. But wow, the comments in that article are toxic. It's one thing to have (well-founded) skepticism about the ability of the average person to do what this guy did. It's entirely another to express complete disbelief or worse, moral outrage about the story: * "This is a rags to riches story. As such, it is FICTION. It only serves to inflict further hidden injuries of class on those starting lower on the ladder than Mr. Sabatier." * "I feel this was an irresponsible story and I wish NPR, the story's announcer, and the station would be held responsible for this lack of perspective and critical thinking." * "He's a blogger, which means he doesn't have a real job, he creates nothing of value, nothing used in your home, your car, at work; he sells his personal opinions." * "Is this really appropriate for public radio? I thought publicly funded media was meant to ris [sic] above the perverse values of corporate elites." When becoming highly successful is perceived not just as unlikely, but as impossible, immoral, or unethical, we're in trouble.

x0xlf9

Is it ever financially better to NOT buy a house?

I recently broke up from a long-term relationship, we had a shared house and she's buying me out of my half. I moved back to my hometown and my thinking was always that I'd use the money to buy my own property. But now the dust has settled somewhat, I'm not entirely sure I want to root myself here, in my hometown. I'm single, early-30's, no commitments, so maybe a house isn't the smart thing. There isn't a great deal in my hometown other than my Mum if I'm being truthful. Old friends have moved away, or the connections have fizzled out. But I've sort of built an anti-rent mentality over the years, the idea of paying a landlord to pay off their mortgage instead of my own frustrates me. But is renting really that bad? I very quickly did some maths in my head just now, say I borrowed £170k for a new mortgage. If the interest rate was 3-4% I'd be paying £6-7000 a year in Interest (obviously it reduces as I pay more off). But that isn't far off what I'd be paying annually for rent. Not to mention stamp duty, solicitor fee's and house maintenance. And with the money I'd use for the house, I could instead invest it, certainly I'd fill up my S&S ISA at the least. And just continue to rent for the next few years and figure out what I'm doing in life! Maybe it isn't technically the most efficient financial choice, but perhaps the smartest.. what do you guys think?

UKPersonalFinance

I invest for a living (stocks, property and other shorter term trading) so here are a few points that might not have been mentioned. From reading, this sub does seem to have a lot of ‘by the book’ financial advisor types who are good at doing numerical comparisons but don’t necessarily have much practical experience or take into account any qualitative factors. Point 1: it’s easy to get caught up in the whole assets only go up viewpoint, be it stocks or property. Because let’s be honest, that’s what’s been happening for quite a long time now. The consensus on this sub will be ‘you can’t time the market etc’, but that’s mainly because a lot of them will have tried to at some point and got burnt doing so. Anyone who has tried to call a top in stocks or property over the last 13 or so years has generally being caught out. That’s because what most people think drives asset prices (wages, growth, employment, corporate profits, rents etc) isn’t what actually drives asset prices. It’s mainly central bank liquidity that does, at least it is in the post 2008 world. The problem with that is that central bankers can change policy direction on a whim which makes it difficult to project out. However, you have to say over the last decade most gains were liquidity driven. With them now withdrawing liquidity as long as inflation stays high (which seems likely), asset prices are likely to struggle, a mirror image of the way they’ve cruised higher. Would go as far as to say equity markets likely topped for a while in January, and the property market will probably follow that. Point 2: already seen some comments straight up comparing returns on property to returns on equity. It’s not comparable, there are too many other variables. You get physical enjoyment out of property, you save on rent, you have no capital gains tax on your primary residence. These are positives to consider on top. On the downside, you have many more costs - maintenance, stamp duty etc and the big one for me is liquidity. Stocks you can decide one day you want to get out, you call your broker and get a price and within a few days you get your money. Houses are more complicated, you wouldn’t necessarily get the asking price in a falling market and it can take months to realise your money. I understand your point around hating renting, on a long term view, which I’ll call 20+ years it totally makes sense to own rather than rent. But if we’re talking medium term, which I’ll call 2-5 years, it depends on what markets do. If prices rise then it will make sense to buy. If prices stagnate or fall then I’d say not when you include all of the costs and/or lost equity. I’ve never seen a time where it seems like the confluence of factors against the property market were so strong, and I’ve been doing this 25 years. It sounds like you’re very unsure about committing to buying, so in that case I wouldn’t do. You’ll lose very little by waiting 6-12 months and seeing how the land lies, and possibly longer if things unfold in a negative way. You also won’t then be tied to the location. It definitely makes sense to fill up your ISA but would also say you can fill up the cash one and transfer it into S&S at a later date. Some will compare interest rates to inflation and say cash makes no sense but that’s not your long term plan, it’s to buy on discount. Prices generally are still elevated with the S&P above 4000 and FTSE at 7400. I just don’t think there’s any rush or reason to have FOMO in any of these markets. If I were you I’d save money as cash and see how your life/the economy/markets unfold.

22se6g

NASCAR, Dogecoin, Josh Wise, and why you as a Bitcoiner should care.

As many of you probably know, Josh Wise will be racing in Talladega with a Dogecoin livery in early May. This will be excellent publicity for Dogecoin, but also for Bitcoin (I'm sure the origins of Dogecoin will be brought up on several occasions). However, there is an additional opportunity for Josh Wise - the NASCAR 2014 Sprint Cup on May 17th. One driver gets to attend not on racing merit, but on fan votes. Usually, one of the more popular drivers wins the vote (Danica Patrick, for example), but if an unknown driver like Josh Wise wins the vote, it will invariably be talked about. How the vote was won will come up, and Dogecoin/Bitcoin will be brought up once again. So, your chance to help is here: http://www.nascar.com/SprintFanVote You can vote up to 50 times per day. *Disclaimer: Approximately 0.5% of my digital currency portfolio is invested in Dogecoin.*

Bitcoin

Hey Bitcoiners, I'm a Dogecoiner. I know a lot of you think we're ridiculous and our coin is a joke. Well, it was, but Bitcoin started out as a proof of concept and grew well beyond that, so you all know how something can easily grow far beyond its original purpose. Dogecoin has succeeded so well because of its laid-back nature and approachability. Digital currencies are an imposing concept to businesses and consumers alike, and their volatile / speculative nature have slowed widespread adoption as currency. Recent events have damaged the image of digital currency, making it appear to be too risky of an investment. I think we, Bitcoin and altcoins alike, need to fight that image. Over in r/dogecoin, we're doing that by encouraging donations to charity, which shows everyone that our digital coin has value which can make real, positive impacts on the world. We tip each other like crazy to remind ourselves that Dogecoin is a currency to be spent, not just held out of circulation where it contributes little to value. We tip others so that they become curious about the new currency they own and how they might spend it or acquire more. We are sponsoring a NASCAR driver, wrapping his car in our design to bring media attention to what we are. We have anonymous members tipping celebrities huge sums to donate to the poor, for the media attention and subsequent good cause. The value of Dogecoin is tied directly to Bitcoin. When you suffer, we suffer too. We have a common goal, to improve the image and demand for cryptocurrencies so that we gain value, financial stability, and widespread adoption. I realize I'm preaching to the choir here, but I hope it helps show that, as ridiculous as us Dogecoiners are, we're serious about seeing our coin succeed, and we realize it probably won't unless Bitcoin does well too. Our accelerated mining timeline (we'll essentially be mined out except for a trickle by the end of the year) will be a litmus test for what's in store for Bitcoin in years to come. To conclude, we do sincerely appreciate your support. I know many of you think we're a joke coin doomed to failure, and perhaps we are, but my hope is that at least we can show the world that anyone can use digital currency and that its many benefits will make it the financial medium of the future. Disclosure: I hold a small amount of Dogecoin.

xvg227

Could using sovereign wealth funds to fund government spending work?

It may sound stupid but couldn't a nation raise funds through low interest government debt, invest that money into the global stock market meaning it would be a diversified protfolio lowering risk. Then use the returns and dividends to fund government spending, only taking out the growth of the fund but leaving enough so that it grows over time. It could be a way to fund social welfare programs, also could be used to combat poverty, homelessness, a new way of giving the population of a nation a bigger portion of the wealth created by businesses, a new part socialistic, part capitalist system. ( Capitalism part being investing in the stock market, socialist part being the people or worker own parts of business and its used to benefit the people of the nation) Norway has a huge sovereign wealth fund this is what gave me the idea. Any feedback is welcome, also if I'm being unrealistic please tell me why and explain it so I can understand, my post is just a random idea. Thank you.

AskEconomics

This is already being done most notably in Singapore. The vast majority of the Singaporean fiscal budget comes from investment income originating from its sovereign wealth funds. This allows it to keep taxes very low while spending quite a lot. Norges Bank does something similar, funding the government public pension fund and other forms of social infrastructure. It doesn't happen that often because it's actually a pretty inefficient way of managing capital, all things equal. Stock market returns are generally lower than the utility that citizens get from being able to spend the money up front. The major exception and the reason why all these SWFs exist is something called Dutch Disease. An economy which has too much upfront income from a single source often experiences high inflation and a short burst of growth followed by economic collapse - think Venezuela. The solution is to reinvest that excess income and convert it into a very long tail of investment income.

8oj6r4

Should Italy leave the euro? (eurozone)

Populist often say that only Germany benefits from using euro and Italian economy suffering because of using euro. How does leaving from eurozone affects Italian economy and export?

AskEconomics

[Here's a list of resources on the euro-crisis I've been collecting over the years.](https://www.reddit.com/r/europes/comments/3t1j5o/a_crash_course_in_the_eurozonegreek_crisis/) If I had to choose just a small sample of articles for you to read and understand the question of whether a country like Italy should leave the euro, it would be these 4: * [Wynne Godley - **Maastricht and All That** (1992)](https://www.lrb.co.uk/v14/n19/wynne-godley/maastricht-and-all-that) * [Milton Friedman - **The Euro: Monetary Unity To Political Disunity?** (1997)](https://www.project-syndicate.org/commentary/the-euro--monetary-unity-to-political-disunity) * [László Andor - **Social dimension of the Economic and Monetary Union** (2014)](http://europa.eu/rapid/press-release_SPEECH-14-455_en.htm) * [Vítor Constâncio - **Completing the Odyssean journey of the European monetary union** (2018)](https://www.ecb.europa.eu//press/key/date/2018/html/ecb.sp180517.en.html)

avdozx

Economic Rationale for Taxing Capital Gains Differently?

In America at least, capital gains are taxed at a significantly lower rate than income. Speaking as a layman, my understanding is that 'going public' is beneficial to the company as a way of raising new capital at large scale. Speaking more generally though, is there a collective or public good inherent to encouraging investment in publicly held corporations? Said another way, does the tax incentive to hold wealth in stocks vs. other investments/savings vehicles have an economic rationale or is it more political, i.e. driven by influence from investment banks?

AskEconomics

I agree with BainCapitalist. Also, Capital Gains tax applies to all capital gains. Not just publicly held companies. It applies to privately held companies, land, property and nearly anything that can rise in value. In most countries you can even pay capital gains tax on works of art. In most places it doesn't apply to currency.

87jzwi

Have economists written on voting in the U.S. as a market? Have any said it is a market failure?

I re-read an old [article](https://www.washingtonpost.com/opinions/turned-off-from-politics-thats-exactly-what-the-politicians-want/2012/04/20/gIQAffxKWT_story.html) I had bookmarked, which compares political polarization and low voter turnout to a market failure. It seems like an apt comparison, but have economists indeed studied politics in the U.S. in this way? The author concludes: > Arms races, free riding, tragedies of the commons — these failures in economic markets are well understood. The solutions usually involve some form of government action or regulation. But when similar failures occur in political markets, there are no institutions capable of stepping in and forcing the necessary collaboration or collective action. > Government can’t be the solution when it is the problem. Is voting really a failure in the market of ideas? Any insight this sub could bring from the point of view of economics would be welcome.

AskEconomics

The Myth of the Rational Voter https://en.wikipedia.org/wiki/The_Myth_of_the_Rational_Voter by Bryan Caplan talks about this. The low probability of an individual's vote deciding an election leads to poorly informed voters and poor and biased public policies.