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sol5ni

High P/S stocks historically underperform

Following up on [this](https://www.reddit.com/r/investing/comments/sbc2io/number_of_midlarge_caps_with_ps_over_30/) post, here are a list of stocks that had a Price/Sales ratio over 20, with market cap over $10b, along with how they performed over a 1 year, 10 year and 22 year time span. https://docs.google.com/spreadsheets/d/1_ggIhic9vqNwzt8zsGVn0fyfXO8Nrp2ejbVBrdgVaCo/edit?usp=sharing A high PS ratio predicts high revenue growth, but does not predict high price growth. In fact, on average, high PS companies tend to underperform the market over the long term. **After one year:** High PS companies grow revenue 89%, but they don't outperform the general market index. **After ten years:** High PS companies grow revenues 282%, but they underperform the market by -29%. It's a small data set, but if history is any guide, only a couple of [these](https://finviz.com/screener.ashx?v=121&f=cap_largeover,fa_ps_o10&o=-ps) stocks will outperform in the longterm (LCID, RIVN, SNOW, S, BILL, NET, CFLT, DDOG, ZS, MDB, TEAM, CRWD, SHOP, RBLX, PLUG, OKTA, PATH, U etc...) **What is a P/S ratio?** Price / Sales ratio. The higher the number, the more expensive the stock is compared to sales.

investing

So you’re saying massively overvalued growth companies with questionable moat won’t outperform the market over the long term? Colour me surprised (kidding). Great analysis, well done. I think a key aspect to look at is gross margin when dabbling in these high growth / high PS companies. Can they keep their pricing power and sustain margins, like let’s say Adobe (my favourite company) or are they a Fintech company who is easily disrupted.

glgoqn

What is the bullish case for Spotify (SPOT)?

First off, let me say that I love Spotify and have been using it for years. Everything about the platform is great in my opinion and I really want the company to succeed long-term. HOWEVER • Music streaming companies get crushed by royalties, for Spotify it’s roughly 75% of gross revenue. Pandora had the same issue, although ultimately they won in the end and got acquired by Sirius. • How much more market share is there for Spotify? Revenue went from $2bn to roughly $7bn in 5 years and yet they still can’t generate a consistent profit margin. They control about 35-40% of the market already and many say there is still room to grow but it’s going to be challenging with Apple, Google, Amazon also fighting for control. Additionally, music streaming revenue growth across the industry is expected to decline in the 2020’s. • Yes, Spotify was “profitable” for Q1 but that was largely because they have a ton of warrants marked at fair value which led to a $70mm increase in “finance income”. It can have an impact of $50-100mm depending on moves in their share price. Is the focus/optimism for Spotify around podcasts? I just can’t grasp how music streaming companies make money long-term unless they have a larger market share. Appreciate anyone’s input!

investing

Podcasts do play a role. It’s the fastest growing medium for digital advertisement in the US (CAGR of 35%+ per year) with almost $600M spent in 2019. In China podcasting is almost a $7B dollar market, and 95% of that is subscriptions. The market could be pricing in growth expectations and a shift to this model in the US. Spotify’s real moat is its playlists (I.e curation). The massive playlists they have on the platform + the algorithms they’ve built for selecting music for you are unmatched. This is what differentiates them from competitors (Apple, Amazon, etc...) that have bottomless piggy banks. Scott Galloway has predicted that there’s an opportunity for Spotify to increase their hold over distribution by acquiring hardware (I.e, Sonos). That way they could leverage their access to cheap capital to compete more directly in the world of voice, which I believe will be huge over the next 5-10 years.

l597zz

22, BAD CREDIT HISTORY, What are my options for a home loan in a few years/is it even possible..?

Hey! When I was 18 I made some very very very dumb decisions that also had a huge financial impact on me still to this day. Long story short, I moved out of home, got a credit card, maxed it out and took some payday loans out. I had a bunch of little loans which were all paid for but I ended up defaulting my NAB credit card which NAB eventually closed after 6-7 missed monthly repayments (I know... that’s really...BAD..) Anyway, I was young and stupid and honestly didn’t even really think of a consequences. I’ve paid back most loans now and have almost paid back the credit card to the assigned debt collector. Only issue now is my credit report history is atrocious. The credit score is somewhere in the 400’s with just the one default from that NAB credit card with the 6-7 missed monthly repayments attached with it. I also had a lot of unsuccessful payday loan applications on there. There hasn’t been any activity on my credit report since late 2018/early 2019. I am now working a full-time job and am able to save a lot of money. I also study part-time (with one of my majors now being financial planning, how ironic lmao..). I have realised my mistakes and it has been a few years now. I am wanting to purchase my first brand new property in roughly 2 years so will be saving very hard to do this (should be able to achieve 20% deposit by myself by then). I also have my partner who would be applying with me (no credit history, Australian resident). so.. I have a few questions; How long will the NAB credit card default stay on my credit file for? What about the missed repayments and the payday loan credit enquires/applications? and most importantly... will I even have a chance at getting a home loan? How much will lenders care about what I did when I was 18 in regards to this default? What steps should I take now to make me look at good as possible to lenders? Thank you!

AusFinance

You'll be right. I made mistakes at 18, bought a place at 21. Just keep consistent income without gaps. Don't open credit lines like a new credit card, Zip or APT, Don't do ATM withdrawals on Fridays (yes I'm serious).

psy1ru

Good idea to buy in the Blue Mountains next year?

My partner and I are 25, on incomes around $90k, and likely to increase in coming years. We have around $180k saved, with $140k of that available for a housing deposit. For reference, we both currently rent in Chippendale. We're looking at the upper Blue Mountains - small house on a 1/4 block under $650k. I want all the space to set up a permaculture garden. Something like [this](https://www.realestate.com.au/sold/property-house-nsw-katoomba-136641430?fbclid=IwAR2aaTyvXnM4kjXxSwFem3_zWe8vefDm_xDBzFYWmpTT3jpjXHcOiug59kc) would be perfect for us. Big block of land and we can renovate the house later on. Does a $500k(ish) mortgage seem like an overreach for us? And is the market likely to continue racing upwards so aggressively? Because if that $615k house linked above goes to $700k, I don't really want that mortgage. Would also love opinions from people who have done this type of move - what sort of stuff have I probably not thought of? Thanks

AusFinance

I grew up there. It's a beautiful, beautiful area with lovely people and I still miss it sometimes. The only things I think you need to be informed about are: 1. There is a HUGE fire risk that's only going to get worse with climate change. We almost lost our house twice in 5 years and it scared us into moving. Some areas are more dangerous than others, e.g. Yellow Rock which only has one road in and one road out. Make sure you buy somewhere with well-established evacuation routes (big towns are better), have a place to stay if you need to evacuate, and can afford really good insurance that covers fire damage. Also don't be surprised if your insurance gets more expensive as climate change gets worse. 2. If you're planning to have kids, be aware that there aren't many opportunities for them in the mountains. They'll have to travel pretty far for good jobs and universities. There's also not much to do as a teenager so you have to make sure they don't get themselves in trouble out of boredom/ lack of opportunity. You can accomodate for this by making sure they each have a hobby and financially planning so education won't be so hard for them to access. 3. When buying a house, be prepared for the idea that you might not be able to make any major changes to the garden. For example, we had a gumtree we wanted to take down because we were scared that it'd fall on the house and felt like it was putting us at a greater risk of fire damage, but weren't allowed because it'd ruin the town's aesthetic. The council always puts tourism over the people. Buy a house with a garden that has native trees positioned in a way you're already happy with because you won't be able to change things like that easily. Overall, I'd still recommend the Blue Mountains - it's beautiful and more affordable than other parts of Sydney. But make sure you can afford good insurance and accomodate for its limitations

ao49fw

I am 32 and owe more in HECS than I have in Super. How can I fix things because I fear it is too late already.

(Got told I should post this here for better advice). I made the mistake of checking my balances on MyGov and they put me into tears a few weeks ago. I have about $80k left in HECS and only about $19k in superannuation. I got hit pretty hard by the recession, as did a lot of people my age. I spent a lot of my twenties "underemployed" where all I could pick up was crappy casual retail work. My undergraduate degree got hit with all the indexing when I was underemployed during the recession and didn't have the means the pay it back (one year they added 3% onto it which hurt), and then I did a masters degree, and while it did help me a bit in terms of getting a job, I am going to be paying a few thousand dollars a year for at least 10-15 years to pay it back. I made the mistake of not truly understanding that I was basically spending $80k of my future income when I took out my HECS and now I wish I didn't spend it that way, but I can't do much about it. I feel like I have completely fucked my life up and I am only 32 years old. I'm trying not to be mad at myself for ever going to University in the first place. I have finally got a pretty decent job starting in the next few weeks which pays about $63000pa, but I am also living in Melbourne which has high living costs, and after tax/HECS, I take home a bit less than $50k every year, and I'd like to own my own home/apartment one day and not be living in a share house and eating noodles for the rest of my life. I don't ever want to have children, which I fear means I will be on my own forever because I find most men I meet want me to start popping out babies soon, but I do hope that means I will be able to catch up easier since I don't want to take time out of the workforce for childraising and working part time while they are at school. What can I do? Without being blasted a spoiled millennial, is there any way I can get out of this massive mess and still have some enjoyment in my life? That is basically my goal. I un-screw myself with being retirement fucked but still be able to have some enjoyment in my life without living like a complete pauper. I am not saying I expect to live like a Kardashian, but I'd like to be able to maybe take a holiday abroad every second or third year, be able to eat out at a restaurant with friends a couple of times a month, have nice quality clothes instead of nasty crap from H&M or Forever 21 - the things I always looked forward to being able to do and have when "I got a real job one day". I don't want to wake up, go to work, come home, sleep, and do nothing more for the next 35 years. That is no way to live. Is there anyone out there who has been in this situation and seen it all work out OK? (It doesn't help, but I am kicking myself for not being old enough to have gone to University when it was free. I get so bitter when I think about how most politicians got their degrees for free and talk about me like I am a pathetic bludger who contributes nothing to the world).

AusFinance

Honestly, HECS debt is the best debt you can have, as it is indexed with inflation, your payments will increase <=2% every year, which is amazingly low when you think about it. Obviously it is a lot of money, but it’s something you’ll be able to start making a dent in once you start the new job. It’s normal to have anxiety about large debt to savings ratios, but it’s a feeling mutual to most uni graduates. The best thing you can do is use your current pay to calculate the pay off period so you can know what you’re in for. Once you know, start setting small goals to make the journey easier, I.e. reducing debt by 10k, increasing savings by x amount. The good thing is that you’re grounded and know that you’re going to want to be saving as much of your take home pay as possible, because it’s going to set you up for much later in life.

qu4hg8

Elon Musk hates cash. He now has billions of dollars sitting in cash for the first time in his life. What do you suppose he's going to do with it?

Musk is selling 10% of his Tesla stake, valued at roughly $25 billion. A chunk of that will be used to pay off taxes as he executes options from his executive comp package. But that would still leave him with enough to become the world's biggest known hodler of Bitcoin—if he so chooses.

Bitcoin

Pump it into SpaceX. Build a 2nd and 3rd Super Heavy Launch Tower. Push hard into orbital refueling Make more Starships at a faster pace. Develope a mobile methane harvester. Try and send something to mars in the 2022 launch window.

8cyhw7

Is there any reason this market can’t rally for the next 5 to 10 years?

I know that markets are cyclical in nature and many people think we are at the end of the current economic cycle. However, with interest rates still at historic lows, I would say we are somewhere in the middle of the cycle. Currently, there aren’t many good investment vehicles to choose from other than equities. Even rental property investments seem like they are more trouble then they are worth. I’d like to hear some of your opinions as to where you think this market is heading.

investing

I think we have 20 more years of a bull market with some corrections here and there. Why? Savings. Glut. There is no where to put money other than stocks. America has restructured its financial system to funnel retirement savings into the market, more so than the Boomer's ever could have imagined. It is so fucking easy to put money in the market now it boggles my mind. There are even robots doing the investing now. Data analytic tools that can bring price and risk information to the finger tips. Investing is a whole new ball game. Foreign markets are a completely untapped market in this regard. And everyone is going to want a piece of whats hot down the line. As America stands as the current financial power, we stand to benefit from that. The whole fucking world is going to be funneling money into funds. We are talking goat farmers that now make more than a few bucks a day to middle class world incomes in the span of a decade. Invest at the touch of a button on your cell phone. Remember when just America was in a bubble not too long ago? Imagine the world in one. I think real returns are going to drop to where we have a 0% risk premium. Where it won't be worth it to invest in anything other than ones own government's currency. And the whole thing collapses. Don't see that happening until 40 or 50 years down the line. Just my crazy thought.

wg19eg

Korean apes haven’t received their dividend. KSD said that DTCC directed them to do split $gme.

KSD is DTCC of Korea. -> https://m.dcinside.com/mini/gmemeltdown/66367 Korean's gme stocks were spiltting. We cannot find our stock in dividend page. -> https://m.dcinside.com/mini/gmemeltdown/66199 Other stock dividend are visible in the page. -> https://m.dcinside.com/mini/gmemeltdown/66063 Some ape asked their stock broker to check the official dividend plan of GME. But Kiwom, the stockbroker, said that they don't understand why the foreign newspapers said it as a dividend not a stock split. -> https://m.dcinside.com/mini/gmemeltdown/66352 Other Ape who report this situation to FSS(Korea SEC) https://m.dcinside.com/mini/gmemeltdown/66355 Koreans are doing their part. Do you? P.S : Sorry for url name. we had our civil war and overcame.

Superstonk

Comment from u/Few_Television5260 Let me summarize the background and situation in Korea.(Of course it's south.) (1). DRS is illegal in Korea. a. We want to be together, but we can't participate because it's illegal. b. What we can do is have the Korean state agencies protest the DTCC. c. A Korean did DRS? Is your nationality Korean? Korea is an extraterritoriality. Even if you are in another country, you will be punished equally if you commit something illegal in Korea. This is the south. If you have a Korean nationality, please teach us how to do it. I'll spread it. (2). Korea's overseas stocks (from Korea's point of view) are managed by the 'Korea Securities Depository'. a. Receive DTCC's CA from 'Korea Securities Depository' and process the work. b. A Korean broker receives a CA from 'Korea Securities Depository' and processes it. (3). Korea's APE has proven this through numerous complaints. a. As a result of civil complaints to ''Korea Securities Depository', DTCC's CA said that it should be treated as a general division rather than a splividend. b. This shit. not a splividvidend. It's just a normal split!!!! c. It is said that they directly handled the work according to the DTCC's code. d. I'm going to tell you how to deal with this in the near future. (4) Korean shareholders rarely do Reddit. a. The Korean internet is specialized for many gatherings, so I don't use Reddit a lot. b. For example, DC Inside. it's the same site (5) We thought about how to post it on Reddit. And a person with an ID of 'Goranis' informed me through a message like this article. (6) Korea is in the same situation as Germany and Hong Kong. (7) Hope for the destruction of SHF.

oravme

LEAPS - I'm missing something fundamental

I'm new to options, as you'll soon figure out. I've been watching a lot of videos about LEAPS, but I really must be missing something fundamental, and I can't figure out what it is. Everyone says that LEAPS amplify my results.. but my math isn't coming out that way. My math: Buy 100 shares of FEYE @ 20.50 = $2050 Buy 1 Call Contract, $20, Expiry 1/20/23 @ $4.27 = $427 So the stock goes to $25 in a year.... Sell 100 shares of FEYE @ $25 = $2500 - $2050 basis = $450 profit Buy contract shares, 100 @ $20 + $427 cost = $2427, sell $2500 = $73 profit Even if I invested $2050 in LEAP options, I'd be able to buy 5, but I'd still only have a $365 profit vs a $450 profit. What am I missing?

options

You're assuming the leaps will lose all of their extrinsic value - as someone else pointed out, you don't exercise your leaps, you just sell them. They'll still have time value left. If you still have 3 months + left until expiry they'll barely have eroded.

wxc0gi

PSA: Yahoo Finance "Largest 52 Week Losses" a graveyard of past Reddit favorites

Related to the post about the wisdom of taking investing advice from Reddit, here are some of the current largest 52 week losses as listed by the Yahoo Finance app, a rogue's gallery of previous Reddit favorites...and HIGHLY touted on here over the past 1-2 years: Carvana: -90% Peloton: -88%, doesn't include an additional -16% pre-market Upstart: -88% Snap: -85% Novavax: -84% Roku: -81% Twilio: -79% Shopify: -78% Teladoc: -77% Zoom: -75% Lessons: do NOT listen to people who tout stocks on here, most of these will never recover their ATHs, you cannot recover from 80% plus losses by DCA-ing (LOL!), "technology is the future" is NOT a good investment thesis! People who are engineers and computer programmers arrogantly believe they are good investors, too, just like doctors! Valuation always matters, this time is NOT different.

stocks

With a lot of stocks (especially penny stocks), someone would buy a ton of them, and THEN go on reddit to start hyping the hell out of them. They would talk about how the company has a bright future, how it was a solid investment, that the company would be announcing some big thing that was coming up, etc. Many redditors would then buy a bunch of that stock, and the original person that first hyped it would then sell. The original person never actually believed in the company, they just knew there are a buttload of people on reddit looking for the "next big thing". Those redditors were then left holding the bags. When all the GME hype was fresh and new, I saw verbatim copy & paste posts from multiple accounts trying to hype various other stocks as the "next GME." It seemed like active attempts at stock manipulation. I think **most** of my reddit picks were like your list. In the red -70% to -90%. I learned that seeing something hyped on here probably meant to *avoid* it. The only *honest* recommendations I trust on reddit are the *boring* "get it and forget it" **Boglehead**-style ETFs. Everything else is a gamble, *especially* if a stranger on reddit tells you it's about to moon.

6x24ip

In first appearance before Uber employees, new CEO says IPO timeline is 18-36 months.

New CEO is Dara Khosrowshahi, who was CEO of Expedia for 12 years. Story on his hiring: https://www.nytimes.com/2017/08/29/technology/uber-ceo-board.html On his comments to Uber employees: https://www.wsj.com/articles/new-uber-ceo-says-company-could-go-public-in-18-months-1504119090 no paywall: https://archive.is/hOt4v Uber's most recent financials: http://www.businessinsider.com/r-uber-reports-second-quarter-loss-of-645-million-ride-bookings-grow-2017-8 $645 million quarterly loss, down from $708 million QoQ, $991 million YoY. Adjusted net revenue was $1.75 billion, up from $1.5 billion QoQ. $6.6 billion in cash, down from $7.2 billon QoQ. Most recent valuation was $68 billion but some investors have asked the board to allow them to sell their shares at that valuation, which would represent the first ever investment in Uber where the valuation did not rise.

investing

Investors want to exit and Dara's appointment was contingent on an accelerated timeline to IPO. With pending lawsuits, Waymo on their heels, and a mega cash burn, I think it's safe to say we've already hit peak Uber

kggxr1

Can we have a difficult discussion about Tesla?

I’m a fan of the company, the products, and Elon. I think everyone agrees they are the market leader and will continue to lead the way in the EV arena for the foreseeable future. But a stock price of $695 per share (Friday’s close) gives them a PE ratio of 1,328. So my big question is this - are you long on Tesla? Do you think the price will settle back into *some* resemblance of rationale? I’m personally long on Tesla but only a small percent of my portfolio. Would love to hear your thoughts.

investing

Tesla is overvalued, but it won't be in the future. It's a tech company that masquerades as a car company. It has a car financing arm, charge stations, potential autonomous vehicle/taxi fleet arm, potential residential solar panel arm, and potential home electrical battery storage arm. The other USP is the amount of autopilot data they have. Big data is future currency. Tesla is being priced as though it's the next Amazon or Apple, and investors are willing to pay more now so they don't miss out in the future.

2x8u9b

Rumors out of China saying that Apple is Investing in Tesla

http://special.21so.com/index/special/sid/11071 I thought I would post the link here, if you haven't already heard. Tesla popped on the rumor. Apple is obviously a cash rich company, and their new project Titan is getting a lot of press. Tesla has talked about their significant need for capital. Edit: Redundant Sentence Structure Edit 2: To be clear, this was a rumor that was bouncing around the investing world this morning. Tesla was at 202.49ish and jumped quickly to 210.80ish once the rumor surfaced. No major news outlets picked up the story. This post was to report the rumor. I, obviously, cannot speak to the truthfulness of the rumor.

investing

Tesla is valued at 26B. Apple has cash values above 150B While Apple can buy Tesla, it would be above market value, and would not be an easy decision to make. This is not an internet startup that can be bought for 1 or 2Bs Tesla valuation could go to 50B really fast if Apple is really trying to buy them, but Apple has no history of doing buy outs with this kind of size...

jud3vu

Finally paid off my car.

Yup, I finally paid off my car loan which took about 4 years, and last month I paid off a small loan I took out last year for a emergency. I am now debt free and put $120 in my savings, 1st time in years I've had anything in my savings. Paying off these loans and quitting drinking I am finally able to save up some money. Feels good man 🤠

povertyfinance

If you can, try to pay that car payment to yourself, that way you can cover expenses and save towards your next car purchase. Or maybe put half in savings half in a growth stock or maybe something that pays a monthly dividend and reinvest that to the stock. I am betting on EV and hydrogen over the next 5 years, and putting fractional shares each paycheck into them.

m4f87t

For the first time in my life I have savings. $1427 is sitting in my account. I changed my behaviour by opening heaps of named accounts and it worked.

So I opened savings accounts and named them things like 'car', 'dentist', 'gifts'. I have 9 of these accounts. Whereas before when there seemed to be *something* happen every week or two that would take up my discretionary money, now I have those surprises budgeted for. I also tidied up my grocery spend which gave me an extra $400 per month as I had slipped into a bad habit of shopping for that day only, blaming being time poor. The feeling of having money earmarked for trouble is amazing. A weight I didn't know was there has lifted. It already paid off once when my hot water stopped working, and my 'plumbing' fund was enough to pay for the repair. It's taken me a long time, but at 35 I'm finally not paycheck to paycheck.

povertyfinance

Good idea. Do you open accounts with multiple banks, or do you have a bank that lets you open multiple accounts? I know that Sofi Money in the US lets you create separate savings "vaults" for different goals.

m4f87t

For the first time in my life I have savings. $1427 is sitting in my account. I changed my behaviour by opening heaps of named accounts and it worked.

So I opened savings accounts and named them things like 'car', 'dentist', 'gifts'. I have 9 of these accounts. Whereas before when there seemed to be *something* happen every week or two that would take up my discretionary money, now I have those surprises budgeted for. I also tidied up my grocery spend which gave me an extra $400 per month as I had slipped into a bad habit of shopping for that day only, blaming being time poor. The feeling of having money earmarked for trouble is amazing. A weight I didn't know was there has lifted. It already paid off once when my hot water stopped working, and my 'plumbing' fund was enough to pay for the repair. It's taken me a long time, but at 35 I'm finally not paycheck to paycheck.

povertyfinance

well done :) Lines up with my first strategy on keeping "surplus money": whenever I felt confident I could keep up with payments, I opened a $25/month bank savings plan; at the best of times I've been closing in on 20 of them - in rough times I could phase some of them out while keeping up the others; at the end of a plan I'd receive quite a significant bit of interest.

nk9wo6

I thought I knew nothing about crypto, then I glanced at r/dogecoin

I hate to give him attention but it is quite funny this time. Musk tweeted that people should suggest ways, on either github or r/dogecoin, for the devs to improve dogecoin. So far theres been lots of suggestions for: - Tesla to accept doge (nothing to do with the devs) - More online shops to accept doge (nothing to do with the devs) - Charities to accept doge (nothing to do with the devs) - Doge to only be mined with solar (thats miners, not devs guys) In addition to this, a lot of calls for a hard cap, coin burning, x amount of transactions to go towards specific causes, lots of confusion between inflation and deflation and a ton of straight up incorrect economic theory. The only suggestion that actually felt in the spirit of doge was 'it to say wow when a transaction is completed' which I thought was brilliant. I suddenly feel like I know a lot more than I thought I did about this stuff now. Cheers doge for the ego boost. If you need one too, check out their ideas for the devs. (edit, i got into doge at 0.0012, wherever it goes I'm laughing. Like many I love the coin, just hate the new community)

CryptoCurrency

**Dogecoin by design, is positioned as a blockchain version of a fiat currency. What does that mean?** ________________________________________ Fiat currencies typically do not have intrinsic or use value. They have value firstly **through government regulation**. Since this is a decentralized cryptocurrency, we can replace *"the government"* with *"the underlying tech/algorithms, being updated by developers with 'Litecoin' as a starting line, and 'a great fiat cryptocurrency with secure and fast transactions' as a finish line"*. **The only other way that fiat currencies have value, is because parties engaging in exchange agree on its value.** AKA 1 DOGE = 1 DOGE. AKA how your local country's CountryBucks works. Right now the disadvantages to these, the "problems" are: **1) Slow Development** This is currently and ACTIVELY being addressed by the fine folks over at /r/dogecoindev, the Doge development Twitter/Discord, and the Doge GitHub. The devs are working on implimenting new features to catch Doge up with other mainstream crypto, and if you are a talented dev that wants to help, it's an open-source project and they would love you to lend a hand. **2) Reputation as a Joke/Meme.** I'll get to this later, but the TL;DR is that this reputation would be a disadvantage to "investment" type coins like Bitcoin but can actually be an advantage to a fiat currency because it creates demand and adoption. **3) Dogecoin's lack of "usefulness" compared to other crypto.** "Usefulness" is subjective and really depends on the goals of the coin and its dev team. The bottom line is that, **if Doge is succeeding at its own goals, then it's useful**. Don't let people move the goalposts for you, each coin is focused on something different, and very few cryptocoins have 'actually using it as an inflationary fiat currency alternative' as a goal, which puts Doge up in the market leaderboard in this regard. ____________________________________ OK I said a magic word: **Inflationary.** And I kind of misrepresented DOGE. DOGE is inflationary in the short term, and deflationary in the long term. **Inflation is a market force that encourages spending**, rather than 'investing' (AKA hoarding AKA HODL). The goal of Dogecoin isn't to sell it to get back into Local CountryBucks, **the goal is to spend them directly** on goods and services **as a currency** to avoid being locked into your CountryBucks at the whims of your governments. All the people talking about "*Doge can't be $10 because the market cap would be X*" are actually arguing a strawman fallacy: Doge as a CURRENCY shouldn't be compared to "market cap" like a STOCK. **For instance:** What's the "Market cap" of the Canadian Dollar? Is it higher than Tesla? The GDP of Canada? The GDP of France? Apple shares? The answer is "Who cares, that's not how regular people measure the value of the Canadian Dollar." The only thing that matters, just like with CountryBucks, is 'how much does an ape need to pay for a banana?" **At an inflation rate of ~4% and shrinking, the supply matters less and less the farther in the future you look.** There will be Billions and Trillions of Dogecoins out in the world, but that doesn't change the value of DOGE. Just like with CountryBucks, the side-effect of printing a lot of coins is inflation. Inflation is actually good for CountryBucks, because it encourages trade. Money moving around is what gives currency value. Just like with fiat CountryBucks, more can be printed all the time, but unlike with CountryBucks, Doge inflation is predictable and stable. The inflation rate of DOGE is pre-calculated into the algorithm. It will never be higher inflation than it is right now. It will take 25 years for the current amount of coins to double. **People saying Doge has "infinite" supply, must be planning on living forever.** On a realworld practical level, it doesn't make a difference. __________________________________ Doge is given value not from the flashy underlying tech or the scarcity of coins, but by **retailers accepting Doge as currency**. The more doge is adopted, the more stable the price. When some small companies started accepting Doge, the value went up. When Crunchyroll, porn sites, and Newegg started accepting Doge, the value goes up even more. When the biggest retailers (Walmart, Amazon, Netflix, etc) take the leap into accepting it, then suddenly the coin's value will go to the MOON. And then it will stabilize at some value, and hover there "un-Tethered" to any nation's CountryBucks. **You can't "pump and dump" the EURO.** So that's why adoption is the goal, and DOGE isn't an "investment", it's a currency. The goal being - the more adoption, the more stable the value of the coin. **"Investing" in DOGE is as silly as "investing" in EURO or Canadian Dollars.** ^(Unless you know what you are doing -> See: Forex trading) The point is to spend them, not to hold them for X years and then sell them just to get back into CountryBucks. "Easy to spend at a wide variety of retailers" is what will make DOGE useful. Not to support DeFi or smart contracts, not to create NFTs or blockchain videogames, other coins will always be more useful for those things. So yes, Doge isn't "useful" the way something like ETH or BTC is. But those coins aren't as "useful" as an easy, cheap way to spend on goods and services. ______________________________________________ And **yes, Doge is a meme joke coin.** But the more people spread it and talk about it, the more valuable it is. Eventually it becomes Kleenex or Band-Aid but without the IP and copyright problems - **people will be so used to it that the name is synonymous with 'cheap cryptocoin used for online shopping'**. And in that regard, being a meme is a strength rather than a weakness. This is the reason VHS beat Betamax, despite the tech disadvantage. This is the reason Blu-Ray beat HD-DVD. It's the reason the Nintendo DS beat the Sony PSP. Sometimes the marketing, the brand name, a few high-profile supporters, is what it takes to be that household name, even against more powerful or useful tech. In terms of mainstream branding, Dogecoin is probably only second to Bitcoin itself. This is EXTREMELY powerful and useful, from a certain point of view. _________________________________ So this is exactly the argument for Doge. To be used as a fiat currency as an alternative to country-based fiat. Yes it has downsides and the coin isn't perfect, and the devs have a lot of work to do, but **the constant FUD about Doge having "infinite" supply and therefore no value is missing the point**: Doge and crypto like it should be compared to currencies, not stocks in the stock market and "market cap" of Apple or Tesla or the GDP of France. **The success of Doge is measured by adoption**, not Doge's value to sell off for $CountryBucks. I hope this was helpful.

cnbt5h

Buying Property with tenants

I’m buying a multi unit in Albuquerque with two of the most units being occupied. Is there a process to get the leases transferred to my name as the new owner?

realestateinvesting

Leases automatically transfer normally, the lease is for the property and has very little to do with who owns the property. Just have to inform tenants how any payment method may change, etc. Should be able to have them sign new leases if month to month. Or he provided with the old leases on closing. I always got a copy prior to making an offer, to look over the terms.

uc0ju2

Moral dilemma [CT]

Hey all, I have a bit of a moral dilemma and figured I’d reach out here. Most of my friends don’t invest in real estate so I don’t really feel up to asking them but here’s the story: Purchased a multifamily early this year. Place needs some work but I’m doing it all myself and it was a great deal. One of the tenants I inherited is on a month to month verbal lease. I wasn’t given any of the details of the verbal lease other than rent. They are on disability and most of that goes towards rent which is 50% of market value. The current tenant has an in home caretaker and has a conservator taking care of his finances. I go through them for rent and official communications. I’ve reached out to his conservator about a written lease, not changing the rent or anything (as their rent is most of their SSDI) but mostly writing out that any damages caused by the tenant is their responsibility. The conservators have not been great about responding to this and it’s been months since the initial topic of a written lease. I truly don’t want to be on the hook for repairs, as the last time the tenant clogged the toilet, I was called by the caretaking company to fix it and the bill was more than the tenants monthly rent. As of now, it looks like my options are to leave them there with a verbal lease and leave myself open to paying any repair bills, or not renewing their lease and giving them a long (maybe 4 month) period to find suitable housing. Any suggestions? I’m pretty morally stuck since I don’t want to kick anyone out but the current agreement is not feasible and a huge risk to me. TIA

realestateinvesting

Can you reach out to both the conservator and the tenant with a notice that says that a written lease will need to be in place by X date, and a stipulation that “verbal leases” will not be renewed after that time?

chmpdl

Looking at first investment property- help me decide if it’s worth it

So I’m looking at a duplex that’s listed for 160k. It rents for 1350 total. Taxes are about 1500/year. It is currently rented By those numbers it looks like I can buy with 25% down and have a positive cash flow. A nicer duplex with a 3 car garage sold for 250k a couple months ago and it is only about 100 yards away. My holdup is that when I toured it, the place is a shit hole. Ugly linoleum tile on the floor, lowish ceilings in the bottom unit, some sort of cardboard paneling instead of drywall that has been painted over several times, ugly fiberglass tub showers that would need to be replaced. Basically I’m worried that fixing it up would eat any profits and I’d never see a return. Even if it was nice I don’t think I could increase the rent by more than $400 total between the 2 units. Real estate prices in the area have been increasing lately and homes don’t sit long but rent so far has not matched. I do think that there is room for further price appreciation because of some nearby infrastructure that will make the train commute to the nearest major city an hour instead of the current 1.5-1.75 hours. There are also some town homes being built a block away being priced in the low 300s, and a new build sfh at 1500 feet was just sold for 340k but it’s 2 blocks closer to the beach. I’m sure I’ve left some details out but I’d appreciate any advice on how to analyze this.

realestateinvesting

It's easy to overestimate the rent increase for improvements, even with a change of tenants. I've been doing this more than 15 years and I still screw that up sometimes. Assume the repairs will cost more and the rent increase will be less than you think. Offer what you think it's worth and keep looking for opportunities.

c7lp82

Average rental % increase for Chicago

We're in the NW side of Chicago in a really hot neighborhood. We have really great tenants and would love them to stay another year. We lucked out when we bought a building and though it came with tenants already, they have ended up being great. The previous owners seemed to raise rents for just inflation, about 2%, which we plan on doing as well. ​ Just curious as to what the average rental % raises others do out there in Chicago?

realestateinvesting

If you like your tenants it may be easier to keep rents the same. If they move you’ll end up spending lots more than the 2% increase on realtor fees and/or to get the place ready to be rented by new tenants. Just my two cents.

7nnbcq

better to enforce 1st of the month rule or work something out?

So pretty much new property, new tenants on an old lease that expires in August, so i cant change anything. the 30th i get a call saying one tenant needs to go to court get his drivers license back so he can work, say he can do half rent now rest on 15th. he's supposed to pay half today...not answering texts... 2nd needs to fix his car says he will pay in full on the 5th these 2 made contact so i feel safe in getting paid. 3rd tenant no contact left a phone message and e-mail hopefully will pay soon. all 3 are supposed to pay by e-transfer too keep it simple. so now my question is it better to enforce the 1st of the month policy because I have to pay the bank no matter what? or is it better to negotiate and end up getting paid? man im missing just holding funds.... they go up % by % and i made money Edit: for thoes confused this is for 3 diffrent leases, so 3 payments

realestateinvesting

They sound like pains in the ass / that you inherited someone else's problem. Enforce the 1st, maybe give until the 5th at the very latest, then evict and put in higher quality tenants. From experience, every time I've given a tenant an inch, they've taken a mile.

e09438

Do you depreciate your properties or not?

Interested in whether or not people choose to depreciate their properties for tax purposes or not. Please provide your explanation as to why you chose to do or not to do so!

realestateinvesting

A couple of others beat me to it but it bears repeating as you should not be trusted to breathe on your own much less be trusted to competently invest in real estate if you get it wrong. DEPRECIATION IS REQUIRED AND NOT OPTIONAL First: Whether you depreciate or not the IRS is going to depreciate for you. Second: Depreciation more or less is free money in the present and inherently has more value than money in the future. If you don't understand that concept please research Present Value vs Future Value. Essentially if your property nets $300 a month and also depreciates at $300 per month that $300, for all intents in purpose, is free in the present. By not taking depreciation essentially you are saying tax me on this $300 of income with no offset AND recapture that $300 from me in the future when you sell. It takes a special, special person to not claim their depreciation.

8tloja

Looking at Buying a Hoarder House

This will potentially be my first real estate deal if it goes through. I have a family friend who’s great aunt has to go to a nursing home and wants to know if I want to buy the house. He warned me and sent me some photos. It’s your traditional hoarder house, garbage everywhere etc... She lived alone since she bought the house in 2001. I called a couple realtors in the area asking for some comps. They suggested the value if fixed would be around 65K. Five as-is houses have sold in the area between 21-42K. She owes 21K on the property. I am going to look at the property week after next. Question one would be if you have any experience buying a hoarder house what should I look for? Two: what should I consider when making an offer? Just what it would cost to fix damage after taking 30% off the top?

realestateinvesting

[I've bought a hoarder house.](https://imgur.com/a/6LP2O) Friends joked with me about this being the top post in this subreddit for a year or two. Depending on your mental state, it can be a lot of fun. I could not do one right now. I had a blast doing it then. I bought for 40% post rehab value. I had to do roof, AC and literally everything inside. There were dead animals around. It was a mess. It still is. If she owes 21K I would guess you should pay 21K. This is probably not a deal I would do. **Sidenote: I don't think family should deal with hoarder houses. You're going to learn way too much about the person and it will ruin your opinion of them.** I'm talking anal lube, drugs, porn, guns, collection letters, medical stuff, etc.

72kr7s

Buying my house but thinking ahead to real estate investing. What to consider?

Hi all. I am in my mid-20s and soon to purchase my first house (for myself to live in). I am debt free and have a decent chunk of money saved up. I have more than enough for a 20+% down payment. However, I am very set on beginning to acquire real estate for investment purposes following the purchase of my person house. The big question I have been stuck on lately is which of the following options to go with: A. Get FHA loan to put a small down payment on my house and use my cash to buy/rehab my desired rental properties B. Put 20-25% down on my house to get it free and clear as soon as possible. Continue saving money and consider leveraging to purchase an investment property Any sort of thoughts/advice is greatly appreciated. Feel free to point out any parts I have not considered :)

realestateinvesting

Purchase a duplex/triplex/quad with an FHA loan and fix it up, rent it out, then refi to conventional and rinse/repeat. I did this, just flipped my first home for a $160k+ profit, and am submitting an offer on my 3rd that should net over $200k.

rqseu4

The Last Housing boom (and Great Recession) - what was it like?

At that time, I was finishing up high school and more concerned with girls, parties, and what college I was going to get into to worry about the economy. Those a bit older, what was it like going through the housing boom - and then catastrophic bust? My former boss told me some pretty good stories of large scale apartment developments he did - "We would buy the land with cash, secure a loan on it, and then get 100% financing through Wachovia Bank. They wouldn't even step foot on the property - not even during the Draw process. You wonder why they aren't around today." My partner in development today was 26 at the time, owned about $5M in real estate, and scrambled to unwind about $3M in real estate before getting the rest foreclosed on. So I'm hoping to hear about job losses, getting cursed out by your lenders who were once your best friend, and brokers who made $1M the previous year effectively having to buy a property themselves to make a commission the following year.

realestateinvesting

We weathered it just fine. We're buy and hold investors, so even if property values dropped 30%, we just held, anyway. Rent continued to come in. Vacancies actually dropped during the GFC because people were losing their homes/couldn't get credit to buy a home, so demand for long term rentals increased in our area. Slow and steady wins the race, I guess.

bk8ap7

Expirianced investors, do you prefer many properties or a few expensive high cash flow properties?

Pretty much wondering about my plan of saving for years to get enough to buy a big 4 or 6 plex or just buy much smaller duplex whenever I can afford them. A duplex/triplex is 250k to 400k A 4plex or 6 plex is in the 800k to 1m here In both cases, I consider that the properties are cash flow positive and vacancy is low.

realestateinvesting

Not an RE investor, but economies of scale come into play with more doors per building. Example would be only one roof to worry about for every 8 doors. Take this with a grain of salt, like most strangers advice on the internet.

51yi4g

What is good cash flow?

Have not invested yet, but have questions about what you all consider to be solid cash flow? I'm sure it is different depending on the market, but I'll use an example I'm encountering. Mortgage on a 4-plex in Clarksville, TN would be roughly $1800/mo after a 4% FHA loan (allowed on 4-plexes?) with the assumption I live in a unit. These units rent for about $700 conservatively based on similar construction in the neighborhood. So... $700 x 4 = $2800 $1000/mo after mortgage payment of $1800. Cash flow of $250 per unit. Is that too low to be worth it? The price per unit is $300,000/4 = $75,000 so basically it is $250/mo cash flow on a $75,000 home What do you guys average on cash flow per unit? Also if there are any investors in the area, I would love to hear about your experiences and recommendations.

realestateinvesting

I'd offer that good cash flow is a very individual question influenced by several factors. First, I'm assuming "good" cash flow = positive cash flow! You can have negative cash flow! Cash flow can be very influenced by how you buy. Are you buying with a traditional mortgage? Owner financing? I believe it is also important to have a goal for your cash on cash as well. For me, personally, I expect to net a minimum of $300 a month and a 20% cash on cash...and I typically far exceed that cash on cash return. One of my goals when I resurrected the sub was to get enough GOOD investors in here, even if we didn't agree at times, that new investors might be able to gain insight from experienced investors in their area. That seems to be happening in this thread which makes me deliriously happy.

1y97ib

A very thorough reading list for anyone interested in being a successful investor (top picks bolded)

List here: http://www.streetofwalls.com/finance-training-courses/hedge-fund-training/hedge-fund-books/ I came across this while doing some associated googling and figured it might be beneficial to post. Any thoughts? *** EDIT: If you've got any additions that aren't mentioned in the list, go ahead and throw them in the comments. We might throw this on the sidebar next to our other book thread.

investing

I counted 89, call me dumb if you want but that's a bit much. Which of them would be a utilitarian use of time? I would be most interested in a successful trader recounting what they have done and what they were thinking at the time, it would help distinguish between survivor bias and any edge they might have had.

x3b3bp

CCIP-039 reduce the number of external link posts to 1 per day

Problem: Main sub is filled with posts contain external links and many times the same news is reposted over and over. This can be recognized as ‘spam’. The rule states that is allowed to post 3 links per day and this rule is exploited by some users and bots for the sole purpose of moon farming. This spam problem create three main issues: • ⁠there is not enough visibility for user posts, original contents • ⁠lower efforts posts such as repost links get the most of visibility and are ‘easily upvoted’ (who indeed downvote a news??) • Moons are used to reward active users that contribute to the sub, not intended to be farmed. Example: Some news like "vitalik B said bla bla this morning" get thousands of upvotes; gets visibility and get rewarded with high karma. Some original post of "Mr. No one" with the ultimate technical analysys get hidden, put in shadow by the link of news as above. and usually the same news get posted multiple times. The sub indeed became lately a sort of ‘news channel’ Solution: Reduce the number of allowed post links per day from 3 to 1. This modification will clean the sub from excessive spam, will disincentive the easy moon farming, will allow to be more fair in the moon distribution, will give fair visibility to users original posts, will help the job of the mods. Furthermore, is really needed to post 3 external links per day? Indeed I think that a sub free of spam will be a better place for users to interact. [View Poll](https://www.reddit.com/poll/x3b3bp)

CryptoCurrency

>not enough visibility for user posts You mean the brain dead garbage like "not your keys not your wallet", "don't forget to DCA" and "look at this spam message I got" ? 90% of user posts in this sub are trash. How will limiting news help with that problem?

ye09zx

I *really* want a PhD, but it's not the financially responsible decision.

I know this is somewhat on the "life advice" rather than "financial advice" front. I'm posting here because I'd like some advice from people with a more financially literate mindset. I may also post in grad school subs for other advice. I'm currently in my 2nd term of a thesis-based MS degree in a sub-field of biology. My career goal post-graduation is to work for a government agency - US Fish & Wildlife, state fish & wildlife, NOAA, USDA, EPA, etc. - or non-profit. My financial goals are to be able to afford bills at retirement (at 65 or 67 years old) and hopefully travel (budget international travel, or minimal RV camping in the USA). I'm currently 34 coming into this degree after an 8-year career teaching public school, which I ultimately decided was not for me, but I could return to in a pinch. **Finances**: I owe \~45k in student loans from my teaching master's degree. I have 8 years of certified employment toward PSLF and am currently in in-school deferment. Two years of working in government or NGO would clear my loans. I'm not paying for my current degree. I'm a on grant through the Bureau of Reclamation and I receive full tuition remission, health insurance, and a $24k stipend. My lab could fund me, including yearly COLA, through a PhD if I wanted. I have 8 years in the public employee retirement from teaching but have minimal retirement savings otherwise (maybe $20k?). I own my house with my partner and we currently pay $900 each to cover mortgage and utilities. I get a check for $1800 each month and I pretty much spend it all after bills, groceries, textbooks, and occasional activities (scuba diving, skiing, etc.). ​ I'm loving my research and everyone in my lab. My school is welcoming and it's near my hometown. I love the surrounding area and would ideally want to work near here after graduation. Selfishly, I would love to be able to add "Dr." in front on my name. My big concern is that I may be 40 if I stay to get a PhD. While this would likely start me at a higher salary, it would not be higher than the yearly increases I would get entering the field earlier with a MS. I'm also not sure what, if any, age discrimination I might experience (though I do look really young -- except the gray hairs). I would also lose out on \~4 years of retirement accumulation during the PhD. I don't really know how much this will make or break my retirement goals. **Advice?** Any perspectives are helpful.

personalfinance

I have a PhD. In most cases, it doesn't mean much to anyone outside of academia. If you aren't planning on staying in higher ed, then I don't know that the PhD will offer you anything that additional experience of a career would offer. Think about what you want to do, where you want to be. If you want to make more money most of the time you are going to be in some sort of administrative role in those jobs. Look at the qualifications for that and ask if it weights experience over education or if they are break even. If it's break even, I would just start working because even if you have your PhD paid for, you are losing years of earning potential later than ideal in your career. I finished my PhD at 29, and the last year or so I took a full time job that didn't require a PhD but would work around TA requirements (so it was paid for). My quality of life improved drastically when I made actual income. I don't regret my doctorate because I'm in higher ed and the 'three letters' gives you a bit of a leg-up in these types of jobs, but I can honestly say that's the only benefit of it aside from the small pieces of my education that transferred to what I do now.

kwyduo

[DD] 12k on NextEra Energy (NEE) LEAPs as a clean energy play

I wasn't really planning on making a post on this, but I'd like to make the case for investing in a utilities company focused on clean energy as a smart play for the upcoming stimulus/shift towards renewables. So what's NextEra Energy? Summarized from Wikipedia: * It is the largest electric utility in the USA by market capitalization. (At 160B currently) * Revenues of over $19.20 billion in 2019. Operating income of $5.35 billion in 2019. * About 14,000 employees throughout the US and Canada. * The important subsidiaries include * The Utilities; * Florida Power & Light (FPL) - A Florida electric utility. Notable for having wider profit margins than usual. * Gulf Power Company - Electric utility in the Alabama area * NextEra Energy Capital Holdings (NEECH) * NextEra Energy Resources (NEER) - The largest operators of wind and solar projects in the world. Importantly, expansive holdings in the Midwest. Also has numerous energy storage projects under their belt. * They also have a 35% stake in NextEra Energy Partners (NEP) with Jim Robo being the CEO of both companies. [In fact, I'll just direct you to NextEra's IR page, because for some reason they've placed a very solid series of pages outlining their financial health where almost nobody will find them.](http://www.investor.nexteraenergy.com/fixed-income-investors/financial-policy) You can flip through the Policy, Strength, Funding/Capital Structure, Cash Flow/Leverage, and Liquidity pages there at your leisure to understand more about the company. But basically, they're extremely healthy as a company. Notably, they've been [unwinding positions for cash](http://www.investor.nexteraenergy.com/news-and-events/news-releases/2020/11-02-2020-222338600) recently despite their solid balance sheet. Now, I'd like to point out their P/E: 41. Yup, this is a "boring" utility company trading at 41x P/E after running up 200% in 5 years and 80% in 2. For reference, Microsoft is trading at 34.90 P/E. As far as utilities go, I think it's fair to say these guys are as far from boring as it gets. Summary of the fundamentals; 1. Management is extremely reliable 2. They're the market leader in renewables deployment 3. They've proven they know how to compete and edge out profits in cutthroat industries 4. High P/E, but in a stable industry 5. They have plenty of leverage available for massive capital expenditures Now onto why I think they will collect more than their fair share of Biden's upcoming stimulus. Let's start off by looking at what Biden has been pushing in his announcements; 1. Pushing the environmental costs onto polluters 2. Pushing renewables directly 3. Creating long-term middle class union jobs Among utilities, [NextEra stands out as an early and consistent investor in renewables](http://www.investor.nexteraenergy.com/news-and-events/news-releases/2020/12-11-2020-173514490). Straight from the link above: >According to S&P Global Trucost, NextEra Energy ranked ahead of its peers on a number of impressive reported performance metrics, among others, including signed contracts to build approximately 12,000 megawatts of additional wind, solar and battery storage projects as of the close of 2019, and NextEra Energy's announced target of emissions reductions per unit of generation by 67% by 2025 from a 2005 baseline, equivalent, to a 40% reduction in absolute emissions – and this, despite an expected doubling of generation over the period. Already, NextEra Energy reports more than 50% of its generation is from zero- and near-zero-emitting sources. I think it's fair to say that point 1 will hurt them much less than it will their less progressive competition. Additionally, as a result of their investments so far, they're not untested when it comes to deployment: They know what to expect and we know they can execute on larger CapEx programs with less risk than the competition. If Biden is to throw the expected 40 billion a year into the industry, it's quite likely NextEra will be ready to scale up operations sustainably and successfully to capitalize on the opportunity, clearing point two. But point three is the really interesting one. Let me start off with a question; If you were a democratic president that wanted to create middle-class jobs in renewables, how would you go about it? Would you invest in the companies making the end product? Maybe a little for the companies that pull the required resources out of the ground too? [Let's take a look at what the clean energy portion stimulus bill a few weeks ago contained and see how NextEra is positioned for each portion.](https://www.reddit.com/r/investing/comments/khx7eb/stimulus_bill_includes_35_billion_for_clean/) Big thanks to [/u/millerlit](https://www.reddit.com/u/millerlit/) for summarizing. Also, [I'll be referencing the NextEra 2019 annual report from this point on](http://www.investor.nexteraenergy.com/reports-and-filings/annual-reports). Please bring up a copy if you'd like to verify the numbers I claim. * $1.5 Billion for Solar - Will probably go to most industry players pretty equally, NextEra will get a cut as a result of their investing through NEER. 12% of NEER's generation is from solar power according to the 2019 annual report (p.13). * $2.6 Billion for Transport - NextEra probably won't get much of this, but they have [made an acquisition](http://www.investor.nexteraenergy.com/news-and-events/news-releases/2020/12-08-2020-123104618) in the field within the last month. It would be a nice perk if they announced major projects here, but let's just leave this as a hypothetical. * $1.7 billion for a Weatherization Assistance Program - I'm not 100% sure how they'll break this down, but up here in Canada they do these programs as rebates through utility providers. [NextEra is almost definitely going to get a cut of this as far as I can see.](https://www.fpl.com/save/programs.html) * $1.08 billion for short-term, long-term, seasonal and transportation energy storage technologies - NextEra is pretty big in the battery storage field. [I don't think they'll be the ones developing a new battery chemistry, but they're definitely a serious user.](https://www.greentechmedia.com/articles/read/nextera-energy-to-spend-1b-on-energy-storage-projects-in-2021) * $2.36 billion for smart utility and energy distribution technologies. - They're going to get a serious cut of this for obvious reasons. * $625 million for new research, development and commercialization for both onshore and offshore wind technologies - 65% of NEER's renewables generation is wind power according to the 2019 annual report. They're going to get a nice cut here too. * $850 million for geothermal technology development - Nothing here will go to NextEra, as far as I'm aware. * $1093 million for marine energy and hydropower tech - Nothing here will go to NextEra, as far as I'm aware. * $500 million pot for industry and transportation looking to decarbonize - 0 stake in this race * $6.2 billion for carbon capture utilization and storage technologies - FPL is investing quite heavily here, as 74% of their generation back in 2019 was from Natural Gas (p.9). They're going to get a good portion of this. * $6.6 billion in funding for the modernization of existing nuclear power plants and the development of advanced reactors - FPL generated 22% of their power from Nuclear in 2019 (p.9). They're probably going to get a fair slice of this. * $4.7 billion for fusion industry - NextEra isn't spending money on fusion development, as far as I'm aware. * Looser regulations for using government land for renewables - A nice gesture to drop land costs by increasing supply for sustainable uses. [Here's a map of US public land so you can take a look.](https://upload.wikimedia.org/wikipedia/commons/thumb/0/0f/US_federal_land.agencies.svg/1280px-US_federal_land.agencies.svg.png) But you get the point by now - NextEra has a slice in a lot of these pies directly. On top of that, the renewables segment as a whole is going to hugely benefit from the stimulus driving down the capital expenditures required for panels and turbines. Frankly, there are very few people better positioned than a well-run utility company with massive credit available taking on the debt at great rates. When I put it like that, it's no surprise that these folks managed to thrive under Trump's policies - and that they're extremely well positioned to grow aggressively under Biden. But there's even a fun political trap for the republicans here. Do you know where the best place to place on-shore wind turbines is? [The midwest](https://www.nist.gov/sites/default/files/images/itl/sed/gsg/mri50_2mph_inc_gumbel_v2.png) ([Source](https://www.nist.gov/programs-projects/maps-non-hurricane-non-tornadic-extreme-wind-speeds-contiguous-united-states)) - [A notable republican stronghold area](https://www.google.com/search?client=firefox-b-d&q=US+2020+election+results). NEER's own wind turbine deployment map in the annual report (p.13) backs up that their expansion is largely in that area. I wouldn't be surprised at all if the Democrats quietly slated a lot of the renewables spending into the midwest in an attempt to entrench a pro-union and pro-clean energy vote there - forcing the republican platform into a weird spot in future elections. It helps that that's pretty much the economical way to play it too. To sum it up, I think NextEra's going to be a serious beneficiary of the renewables bill however it ends up going down, even if only because of their financial resources, deployment experience, and contracts with suppliers. A big portion of this is that I don't believe the market has priced in the amount they're collecting directly and indirectly because the response so far seems to have been "FAN/TAN/ICLN/QCLN goes brrrrr". Let's talk about the competition; The other US utility companies that were listed as leaders in the clean energy transition by Global Platts are Dominion Energy, Sempra Energy, and Xcel Energy. From one look at them it seems like they're (1) much smaller and (2) at best half off on P/E so I didn't really look at them too hard if I'm being honest. Now for the bigger question; Do I grab NEE or \[clean energy ETF of choice\]? Really, it's up to you. I think that the clean energy ETFs are trading at downright idiotic valuations now. That, and I'd much rather bet on one or two known strong performers that I believe in than I would on a bunch of companies picked by someone else. That being said, those ETFs have much more hype behind them, which is an important consideration in this market. Short-term catalysts are basically the stimulus bill and earnings on the 26th. I expect some big announcements on how they plan to capitalize on the bill during the earnings call, and a huge bump in interest if they announce that they're accelerating their renewables pipeline and focusing on that portion of the company more. Anyways, onto positions and how I'd trade it; * If you just want to buy and hold in an account for the extreme long-term -> buy shares and hold, I think this is going to heavily outperform the S&P 500 into the future. * If you want to get some of the spicy synthetic leverage gains with me -> Jan 20 2023 80c's. They print if the stock goes up \~15% in the next 2 years because IV is super low. I grabbed 10 at 12.10 at the start of the week on the dip, but I think they'll open 13.00+ tomorrow. Keep in mind that you don't need to hold till expiry, I'll probably liquidate these after a year because I want the tax benefits. That's all from me today! This is my first DD post ever, so if you've got any suggestions/questions feel free to fire away.

investing

Everyone hops on NEE like it's the only clean energy play, but they are paying a huge premium. There are plenty of other utilities that have a mix of generation sources migrating over to 100% clean energy that will benefit from legislation financially incentivize them to move away from their dirty generation sources. My favorite of these is VST (with some 20% FCF, repurching $1.5B (15% of the company) over the next 2years, etc.), though there are plenty of other options.

gm9498

IMO we have a problem with a stock-myopia on pennystocks

Just for the record, while we were all so obsessed with KTOV and RTTR on this forum which ultimately produced nothing, a company I've never heard of, CBDMd (NASDAQ: YCBD), went up 70% today, climbing gradually. Not even a gap up, a climb. I became too interested in the stocks being talked about here and forgot to do my daily research today. I think this can happen to all of us and suddenly and entire day's discussion and potential for discovery goes without researching new Moon possibilities. /r/pennystocks becomes an echo chamber of like 3-4 stocks, sometimes for days at a time. Now that I've become totally woke about this happening, I thought I might put my revelation out there. I think **this is why we keep missing great plays.** It's why I did today, anyway.

pennystocks

ONCY and SPOM were my winning horses today. ONCY suppose to swing up and down all week per zack morris and Hugh Henne why the fuck is everyone still riding on stocks that blew up 3 weeks ago, Penny stocks are all shit companies I don't give a fuck what the company does, as long as it is what's everyone is pumping at the moment is all that matters. ​ Hit it and quit it, and tell her it was fun but she cannot stay the night

sqo8rd

Daily FI discussion thread - Saturday, February 12, 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

In the last week, I’ve started a new fully remote job, sold my car, got married, and ate at my first Michelin Star restaurant. It feels like an absolute whirlwind, and it’s funny how things seem to come in waves. I was preparing for these lifestyle changes but didn’t necessarily see them all happening in such a short period of time. Anybody else in the midst of a significant lifestyle change? I imagine a child would be the cherry on top of all of this for me, but thankfully that’s more than likely a couple years out.

pt3i4h

Daily FI discussion thread - Wednesday, September 22, 2021

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

financialindependence

I'm "cheating" on my usual mechanic by having an alternate mechanic do a very overdue regular maintenance item. Both mechanics are great, but a (different) mechanic in the distant past shamed me for neglecting a thing, so I'm embarrassed about it and want the usual mechanic not to know about the thing. So the alternate mechanic did all the intake stuff (took mileage, key, blah blah) and mentioned "we don't have the specialized equipment to finalize this specific thing, so we'll take it to \[usual mechanic\] because they have that equipment." Busted.

njn3it

I love the IRS!

Every time I consider panic selling, I remember I’m gonna have to eventually figure out and pay short term capital gains tax on that sale. The laziness in me says “eh, not worth it” and I toss my phone to the side worry free. It’s a fool proof hodl plan! Subscribe now for long term gains if you too love the IRS! Edit: Wow my first gold! Thank you kind stranger!

CryptoCurrency

There should be a sticky sub for tax and crypto Here is a touch of info that would be better written by an actual cpa rather then me, a dumbass that pays his crypto taxes without fully understanding things circa 2018/2019 Let's say you make some gains and cash out some of you crypto, take some profit For round number let's say you have 200k balance and take 100k cash fiat now and 100k crypto If you had hel for a year or more your tax rate is 15% on long term cap gains, it's your income tax rate if you held for less then a year so let's say you are well of and your rate is 28%. But then you FOMO, market goes higher you buy back in with 50k and the market tanks, you now have 50% less crypto value, 75k. Well, if you HODL your taxes will still be $28,000 because you HODL. However if you sell that 25k that was 50 k and then buy it right back you have created a wash sale and now your basis is lower for that 50k investment. What does that mean? It means you calc taxes on 75 k rather then the 100k you took out, buuut. You still have the same amount of crypto :0... So that sale and repurchase saves you around 6k at tax time (crypto is considered property not currency or a financial instrament by the IRS so wash sale rule do not apply) So lesson on tax, sell and buy back when you are down AFTER you have taken profit (hope you did) in order to harvest a tax loss. HODL for more then a year to get the lower rate long term cap gains, currently between 10% and 20%. I think 40k is 10% between 40k and 400k is 15% and above 400k is 20% , someone who knows more should post if that's wrong. So HODL lowers your taxes Also, every time you make a trade, yep it's a tax event so if you where up 10k, trade all for another coin you have realized gains and owe tax on the fiat amount in that transaction for the amount between what you paid and what it was worth when you sold/exchanged it. But now you are down 60% you say? Yes the tax man wants 💰, unless of course you realize your losses through an exchange /sell ... Keep in mind if you are down and exchange and HODL and have no taxable events and you exchange you are just resting your basis... Wtf is a basis... It's what you paid for it last time you had a taxable event. E.g. when you make the exchange this year because you took some profit and then tax harvest for this year that a new date a new lower basis so when you do taxes the next year and cash out all your gains for a lambo or a space ship or some shit... It's what you sold minus what you paid last (which is now bigger), and tax man gets the same amount of money, unless you HODL for a year... Then, your tax rate is long term cap gains No idea if this helps Or buy monero and hide and hope you get lucky... Any exchange that has you info when you signed up will be sending a letter to the IRS outlining all of your transactions btw. Edit this Isa US centric post, no clue about everywhere else

su5s3w

Speech by Bank of Canada Deputy Governor Tim Lane

Bank of Canada Deputy Governor Tim Lane explains the Bank of Canada's thought process during its response to the pandemic, and thoughts on Canada's economy going forward. He says that he expects Canadian inflation to remain near 5% throughout the first half of 2022. [https://www.youtube.com/watch?v=07ucaiRTL0w](https://www.youtube.com/watch?v=07ucaiRTL0w) He talks about a lot of things, including the supply chain, but unless I missed it, there was no mention of housing or shelter in either the speech or the questions.

CanadianInvestor

Central banks (not just Canada) during the early days of the pandemic basically said when they pump monetary stimulus they will allow inflation to run hot during the pandemic. As for the fiscal stimulus with the government providing things like cerb. What you gonna do when entire industries and economies are completely shut down with people out of work in an effort to stamp out infections during a pandemic? Let them completely starve and booted out of their homes? I don’t think people appreciate how much worse it would have been during those times without the support, but of course there are downstream impacts that we have been seeing. Fraud? Yep, a rushed policy desperate to push money out and keep some level of the economy and markets going. It’s going to happen. It isn’t isolated to Canada. The USA had the same issue. Interesting he referenced the need to use non traditional data such as online bookings and other big data sources. It isn’t just in Canada where people are getting hit by higher prices for fuel, food, housing and such. It’s pretty much occurring globally. Since gfc they’ve all been trying to pump inflation and here we are “finally”. So, now they need to wind down, which they already began oct 2021 with the end of a additional QE. They are just reinvesting holdings and will be moving to reducing holdings. All indications remain multiple rate hikes. We’ll see if they are higher than expectations.

kos4w5

2021 Picks

What stocks or ETFs do you think will be the bright spots of '21? What are you picking up (or adding to) this first week? Would love to hear some picks and reasonings!

CanadianInvestor

Recovery stocks - depressed REITs, personal travel related stocks, maybe oil/gas, restaurant related stocks Health care stocks, vaccine/testing/therapeutics related, shift of hospitals/clinics and elective surgeries to normal, technology with government looking for efficiencies Real estate / home building related stocks due to historically low interest rates Marijuana, gambling and other stocks related to governments desperate for funding sources. 5G Stocks and related electronics/semis Environment / renewable related stocks Infrastructure spending related stocks including natural resources and materials needed to build things to stimulate economy

bnf0u3

Put money towards mortgage or invest?

I have $40,000 in cash, no debts other than a mortgage, which I believe has 8 years left on it. Would I be better off to put this money onto the mortgage or purchase something like an ETF within a TFSA account? If it’s close, I’d prefer to put the money on the mortgage, as there is a huge “psychological component” to paying down and eventually paying off the mortgage. Thank-you.

CanadianInvestor

are you already investing? if so it might be ok to pay down your morgage for the mental aspect. If not id probably invest it. I personally do 15% of my income into investments and the extra I have left goes onto my mortgage.

kh4yca

Nuvei (NVEI), a growth potential stock

Here's a stock that I think has great growth potential for 2021 and beyond. Nuvei, a company that provides payment technology solutions to merchants and partners in North America, Europe, the Asia Pacific, and Latin America. The company went public in Sept 2020.  In Q3 of fiscal 2020, Nuvei reported revenue of $93.6 mil (grew 32% from the previous year). Adjusted net income rose to $16.5 mil compared to $2.5 mil in Q3 of 2019. Moreover... Nov 2, 2020 - Nuvei announced that it had closed a deal to acquire Dutch payment processors Smart2Pay for $82.9 million. According to Yahoo Finance, this acquisition makes for one of the biggest alternative payment method solution providers globally. Its share price has been rising ~2-3% each and every day this past month. Also, none of the youtubers are covering this stock. Also, strong growth is estimated for Nuvei in 2021. According to Stephanie Bedard-Chateaunduf from fool.ca, the revenue of the company is expected to rise by 27% from 2020 to about $445 million. "Earnings per share are estimated to grow by 1,000% to $0.81. This growth is still not reflected in Nuvei stock price, so it’s a good buy now." With its great balance sheet, the rise of social gaming, and an increasing adoption of e-commerce, I think Nuvei has great growth potential for 2021 and beyond. What do you guys think?

CanadianInvestor

I like it. The day the motley fool article came out i got into it. Fintech is the toll road to the economy. Look at square it's been surging as well. Eventually when we can do payment processing without visa, MasterCard or amex we will have a new global shift like that of WeChat and alipay. Otherwise it's a free for all right now. Fintech is already pretty close to doing everything without a traditional dumb bank.

awycgg

Bank of Canada to cut rates before the end of 2019: Capital Economics

[https://ca.finance.yahoo.com/news/bank-canada-cut-rates-end-2019-capital-economics-152607141.html](https://ca.finance.yahoo.com/news/bank-canada-cut-rates-end-2019-capital-economics-152607141.html) ​ We can't even afford a 1.75% rate lol sad

CanadianInvestor

Band-aid on a bullet hole, the Bank of Canada is scared. It's BC's real estate sector that has been leading this charge in GDP decline. In 2017 [real estate, rental, and leasing](https://www.statista.com/statistics/608359/gdp-distribution-of-british-columbia-canada-by-industry/) was 17.96% of BC's GDP, and in 2017 that BC was 13.2% of Canada's GDP. Making real estate, rental, and leasing in BC 2.37% of Canada's total GDP. To put that in perspective, [mining, quarrying, and oil and gas](https://www.statista.com/statistics/608354/gdp-distribution-of-alberta-canada-by-industry/) in Alberta was 20.96%, Alberta being 15.53% of national, makes that 3.26% of Canada's GDP. That is so extremely out of proportion of where it should be. To be fair the same sector in Ontario which had a red hot real estate market as well in Toronto, is 5.03% of Canada's GDP, but they also at that time accounted for 38.5% of the population, whereas BC was just over 1/3 of that at 13.47%. Sales have fallen off a cliff and prices are only starting to react. There are so many factors, and interest rate hikes played a part, but far from the most significant. There's a speculation tax with a higher rate on forgien buyers, additional foreign buyers tax, empty homes tax, anti-short term rental enforcement policies, the province sharing data on speculation tax with CRA, BC casinos under increased scrutiny and public pressure to cease laundering fentanyl money that would otherwise have made it's way into luxury real estate. Could go on and on, but I'll just leave it at a couple of images. [Compare](https://imgur.com/g6wffww) these [two](https://imgur.com/68GhlEQ) and see if you can draw similarities. I think we're nearing the edge of "return to normal".

k6p1t8

Canada’s big banks face their next pandemic challenge: How to grow in 2021

Canada’s big banks have been building defences against the coronvirus pandemic at the expense of profits for much of the past fiscal year. With cases of COVID-19 back on the rise, the challenge they face in 2021 will be finding ways to start growing again amid a recovery that is expected to be slow and uneven. All six of Canada’s major banks reported fiscal fourth-quarter profits this week that were better than analysts expected, but still depressed by the pandemic’s effects on the global economy. Financial results released on Thursday showed earnings edged higher at Toronto-Dominion Bank and fell by 2 per cent at Canadian Imperial Bank of Commerce, after adjusting for special items, returning closer to prepandemic levels. In every case, the main factor driving better financial results was a sharp decline in the amount of money each bank earmarked to cover potential losses from the pandemic. In the quarter, which ended Oct. 31, the Big Six banks added a comparatively modest $3.3-billion to reserves against loan losses. That brought the total sum set aside over the past three quarters to cover future defaults to an unprecedented $21-billion. Banks’ capital levels also continued to rise after regulators paused dividend increases and share buybacks, adding to buffers available to absorb losses. Yet adopting a defensive posture dented the banks’ full-year profits, which fell nearly 21 per cent at Bank of Nova Scotia, 20 per cent at TD and 18.5 per cent at CIBC on an adjusted basis, and 11 per cent at Royal Bank of Canada and Bank of Montreal. Those were the worst year-over-year declines for Canada’s banks since the global financial crisis of 2008-09. Bank chief executive officers told investors this week that they expect the fiscal year that began in November to be better. But they are tempering their hopes for a gradual recovery with warnings that it is not clear how soon vaccines will be widely available, or how much damage renewed lockdowns in some places will cause to economic growth. “The outlook remains uncertain. The pandemic could bring new setbacks. And we expect the recovery in earnings to be uneven,” Bharat Masrani, TD’s chief executive officer, said on a Thursday conference call. “But we emerged from fiscal 2020 with momentum in our businesses. As we move through 2021, we expect to benefit from lower [provisions for credit losses], as well as an ongoing recovery in customer activity.” Banks also expect actual loan defaults to rise over the next few quarters as payment deferral periods on hundreds of thousands of loans run out and government relief measures shift into a new phase. Most deferrals expired in the fourth quarter, with only 1 per cent to 2 per cent of those loans falling into delinquency so far. “Because the deferrals stopped the clock, there is some portion of the population ... that is going to ... as this clock is restarted, become impaired,” Hratch Panossian, CIBC’s chief financial officer, said in an interview. But while most businesses and households have kept up payments on existing loans, or paid down balances, many of them have been wary of taking on new debt. Demand for new loans has been slow to rebound, even with lower interest rates making it cheaper to borrow. The total amount of money loaned out to individuals and small and medium-sized businesses in Canada increased only 3 per cent at TD and BMO, and 2 per cent at CIBC. Low interest rates have also reduced banks’ profit margins banks from lending. Profits from Canadian retail banking rose by 5 per cent at CIBC and 3 per cent at TD in the fourth quarter, but fell anywhere from 7 per cent at RBC to 13 per cent at Scotiabank. Those are the largest sources of revenues for each bank, and will be counted on to fill the void as record and near-record profits from capital markets appear set to tail off. Strong trading results amid volatile markets have churned out profits that helped bolster overall results. Earnings from capital markets rose by 44 per cent at RBC, 40 per cent at BMO and 200 per cent at TD, year over year. But those returns won’t be easy to repeat. Looking ahead, “it’s a question mark around trading, it’s not an exclamation mark,” Louis Vachon, National Bank of Canada’s CEO, said on a conference call with analysts on Wednesday. At TD and CIBC, fourth-quarter earnings were affected by large one-time items. TD booked an anticipated $2.3-billion gain after selling its stake in TD Ameritrade Holding Corp. to Charles Schwab Corp. As a result, TD’s quarterly profit surged to $5.14-billion, or $2.80 per share, from $2.86-billion, or $1.54 per share, a year earlier. Adjusting for the gain and other special items, TD earned $2.97-billion, or $1.60 per share, up from $2.95-billion, or $1.59 per share, in the same quarter last year. Analysts expected adjusted earnings per share of $1.32, according to Refinitiv. Over the same period, CIBC earned $1-billion, or $2.20 per share, down 15 per cent from $1.2-billion, or $2.58 per share, in the same quarter last year. But an accounting change triggered a $220-million goodwill impairment charge related to a pending deal to sell a majority of the bank’s Caribbean business, which has been held up by regulatory delays. On an adjusted basis, CIBC said it earned $2.79 per share, well ahead of the $2.49 per share analysts predicted. “We think ... we’ll see some positive momentum through next year, starting to improve substantially in the back half [of the fiscal year],” Mr. Panossian said. “Altogether, a better year on earnings.” https://www.theglobeandmail.com/business/article-td-profit-tops-forecasts-as-loan-loss-provisions-ease-wholesale-unit/

CanadianInvestor

"Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world." -Tyrell Wellick Like multi billion dollars profit not enough for the banks. Very funny! There must be a time they should give back their robberies!

gjljlu

BTB REIT slashes distribution 29% due to Covid-19

*Due to the economic uncertainties caused by the COVID-19 pandemic and the possible effects on the Trust’s financial position and future cash requirements, on May 12th, 2020, the Board of Trustees approved a resolution to reduce the annual distribution from 42.0¢ to 30.0¢ (or a reduction of 28.6%) as of the May 2020 distribution, which is payable in June 2020. The distribution previously announced and payable on May 15, 2020 is not affected by this decision; Rent collection for April: 79% of contractual rents we received and 5% of the rent payable for the month of April was deferred to be paid on or before December 31, 2020, pursuant to agreements to that effect. Rent collection per asset class is as follows: Office: 92%; Retail: 60%; Industrial: 62%; Mixed use: 84%. As at May 11th, 2020, 56.0% of contractual rents for May 2020 were collected and 4.5 % of rent payable for the month of May were deferred to be paid on or before the December 31st 2020 pursuant to agreements to that effect. https://www.btbreit.com/btb-will-announce-its-2020-first-quarter-financial-results-on-thursday-may-14th-2020-2/

CanadianInvestor

If you're a REIT or Oil & Gas company issuing the same amount of dividends as pre-crisis, I would be concerned as a shareholder unless you're balance sheet is impeccable. It's not a secret that conditions in these sectors are nowhere near the same as before so it makes no sense to continue paying the same amount when you're stock is also down 50%. Yes, dividends should be a sticky mechanism but if there's one environment where this can be an exception, this is it. In fact, cutting dividends may actually be a positive to the market, not negative, as it signals management's interest in preserving cash and spending on company's future growth.

fi6vm9

Prediction: Dead cat bounce or beginning recovery?

Given the rapid stimulus packages and lowering of rates, do you think this is the beginning of recovery or a dead cat bounce? What's your rationale? I genuinely enjoy hearing people's opinions. I'm leaning towards thinking we're still on the way down. I think as cases continue to spread and more things shut down, people will continue to panic.

CanadianInvestor

If we get what they have in Italy, look out below. 30 day quarantines and it is enforced...you need a note to be allowed to go to work of any kind and they are checking. I could easily see drop to 1200 S&P if that happens. If we can contain then I don't see alot of upside in markets here as Q2/3 earnings are going to be crushed as things are now. So tons of downside very limited upside

ufdjno

Fair P/E Multiple for the S&P500 - What am I missing?

So this year (2022), earnings for the S&P are expected to be 240 according to [Yardeni Research](https://www.yardeni.com/pub/yriearningsforecast.pdf). I've seen other estimates saying 215-230 EPS for this year, assuming no recession. Given that interest rates are rising, I would argue that a fair P/E multiple for the S&P would be 15-18x, rather than the 20x+ we've seen the last 2 years. So here's the math using different EPS estimates: **Bull Case -** **S&P Earnings of 240:** 15x = SPY 3600 16x = SPY 3840 17x = SPY 4080 18x = $4320 **Base case - S&P Earnings of 220:** 15x = SPY 3300 16x = SPY 3520 17x = SPY 3740 18x = SPY 3960 **Bear case - S&P Earnings of 200:** 15x = SPY 3000 16x = SPY 3200 17x = SPY 3400 18x = SPY 3600 None of these scenario's look great, and the math tells me we are in for potentially much lower lows. Could someone tell me if any part of this analysis is wrong, and how I should be thinking about this if the above is incorrect?

CanadianInvestor

I read that the average buying point for investors right now sits at 3800. If and when we get close to that, expect more pain. I was due for rebalancing this week so i took my gains and will be re entrying on a timeframe of 6 months. The market has been a beast in the last 5 years but a volatile one. Major players like amazon, tesla, netflix, have huge influence on how toe market swings, and the market is not rational.

ufdjno

Fair P/E Multiple for the S&P500 - What am I missing?

So this year (2022), earnings for the S&P are expected to be 240 according to [Yardeni Research](https://www.yardeni.com/pub/yriearningsforecast.pdf). I've seen other estimates saying 215-230 EPS for this year, assuming no recession. Given that interest rates are rising, I would argue that a fair P/E multiple for the S&P would be 15-18x, rather than the 20x+ we've seen the last 2 years. So here's the math using different EPS estimates: **Bull Case -** **S&P Earnings of 240:** 15x = SPY 3600 16x = SPY 3840 17x = SPY 4080 18x = $4320 **Base case - S&P Earnings of 220:** 15x = SPY 3300 16x = SPY 3520 17x = SPY 3740 18x = SPY 3960 **Bear case - S&P Earnings of 200:** 15x = SPY 3000 16x = SPY 3200 17x = SPY 3400 18x = SPY 3600 None of these scenario's look great, and the math tells me we are in for potentially much lower lows. Could someone tell me if any part of this analysis is wrong, and how I should be thinking about this if the above is incorrect?

CanadianInvestor

This is a good way to look at things, but the main problem is the assumption of a 15-18 PE. It's not unreasonable, but at the same time with bonds still not being favoured despite rising yields it could be that we'll keep having investors accept higher PEs (and likely lower future returns) due to TINA, and so the markets may not actually go down much further.

ifh97i

We made an automatic stock screener and portfolio tracker to help making decisions

Hey everyone, my friend and I are very into stocks. We have created spreadsheets to screen stocks and track our portfolios. We spent weekends working on automating them and making them usable for everyone here (inspired by u/mau2509’s awesome spreadsheet - thanks for sharing here!). Here is the [spreadsheet](https://docs.google.com/spreadsheets/d/1AIC22xJtitg8leYTOsIYUBXgzIBAm6gAi8EccViEGrY/edit#gid=0) You can go to *“File” > “Make a copy”* to save it. *Gray cells are the ones that take user input*, all other ones are automatically filled out. There are 3 tables in the spreadsheet (all in “Main” sheet): 1. **“Purchased”**: enter the stock tickers you own with the number of shares. This helps you look at the total value of your position in a stock, total portfolio value and how much % is in each stock. 2. **“Investment Tracker”**: enter your desired % allocation for each category (US stocks, International Stocks, Bonds) if you don’t like the default values. We find this useful to take into consideration how diversified our portfolio is before making buy/sell decisions, so that our portfolio is more robust to downturns specific to a certain category. 3. **“Decision Making”**: enter any stock ticker you’re screening to buy/sell. It will automatically fill out several metrics: current price; category and sector; total return over 1, 3, 5, 10 years; recommendation; 30-day trend; current, average and maximum P/E ratio (w/ % of how far the current value is from the average and from max); VWAP; RSI; current and forecasted EPS. We added comments to explain most metrics and color-coded based on our subjective opinions on what numbers are good/bad for buying decisions (green for good, red for bad, yellow for neutral). You can also use this sheet for selling decisions with different conditions. The “**Decision Making**” table can be used independently of the other ones for stock screening. We hope this is helpful! ​ EDIT 1: So glad people are finding this helpful. Let us know if you have any questions or feedback! EDIT 2: some people don't see the option "File > Make a copy." On desktop, it might be the case that your URL has a "htmlview" part, then you need to remove this whole part from your URL: "/htmlview?pru=AAABdEXlNIo\*a9I\_UER\_uzpprj34gFQuNw"

stocks

Are you able to turn this into an actual program that people can run on their pc/phone? I can help funding it. We could look into more features aswell, I got some ideas. ...and obviously good job, I love it!

vvxmvw

Most liberating technological innovations in human history

- Printing press (1450) - Internet (1983) - Bitcoin (2009) All of them, at the time, dismissed/underestimated by the majority of the population. * This is from a tweet of Will Clemente on Twitter: https://twitter.com/WClementeIII/status/1546175189079277572 EDIT: In case you disagree, I invite you to comment the reason(s) why so we could have an interesting discussion.

Bitcoin

It’s funny how many people don’t even understand what the point of Will’s tweet is. These 3 innovations provided the general population with greater access and the free flow of information. Before the printing press, the Church was the main distributor of information. if you wanted information or to “hear the words of god” you needed to pay the church for that information. The press allowed information to be printed by individuals, breaking the hold the church has over information. Before the internet you had to trust the government approved, policy aligned, news that was provided to you. The internet allows people from all over the world to talk and distribute any information(mostly) Before bitcoin there were no options other than financial instruments controlled by banks and governments. Bitcoin allows for the free flow of financial information. These are very specific innovations that resulted in better access of information for the entire world.

w6gig3

"79% of U.S. buyers would only buy a car if it supported CarPlay"

If this is true, then Apple is about to make a crap-ton of money. Some points from the [CNBC article](https://www.cnbc.com/2022/07/22/apple-carplay-could-be-a-trojan-horse-into-the-automotive-industry.html) where I found this stat: * Apple engineering manager Emily Schubert said 98% of new cars in the U.S. come with CarPlay installed. She delivered a shocking stat: 79% of U.S. buyers would only buy a car if it supported CarPlay. * The auto industry faces an unappealing choice: Offer CarPlay and give up potential revenue and the chance to ride a major industry shift, or spend heavily to develop their own infotainment software and cater to an potentially shrinking audience of car buyers who will purchase a new vehicle without CarPlay. * GM, which wasn’t listed on Apple’s slide, already gets revenue of $2 billion per year from in-car subscriptions and expects it to grow to **$25 billion per year by 2030**. * Tesla, which doesn’t support CarPlay, recently shifted into selling its “FSD” driver-assistance features, including auto-parking and lane-keeping, as a subscription that costs as much $199 per month. * The next generation of CarPlay will need significant buy-in from automakers to give Apple’s software access to core systems. Apple suggested it secured cooperation from several major carmakers. * In June, Apple revealed that it has explored features that integrate commerce into the car’s cockpit. One new feature announced this summer would allow CarPlay users to navigate to a gas pump and pay for the fuel from the dashboard of the car, according to Reuters. This sounds like an incredible source of revenue. Of course there will be a lot of push back from car manufacturers who obviously want to keep this revenue to themselves. But Apple has the advantage of offering with integrations such as: * iPhone obviously. * Watch, which I believe will be a lot more popular in the future as more advanced healthcare capabilities are added to it. * Apple home IOT networks. * Apple's own entertainment content from Apple TV. I would not be surprised if Apple starts a movie studio 5 years from now or form some exclusive partnerships with maybe Disney. While this is all exciting, that 79% sounds very inflated. For those of you looking to buy new cars, is having CarPlay really that big of a criteria when you consider your next vehicle? *Disclosure I own a lot of Apple.*

stocks

I rent a lot of cars at the airport and it's always disappointing when my rental doesn't have apple or android carplay. Totally would be a factor if I was searching for a car. Really the only thing important with carplay is being able to plug my phone in and have google maps displaying on the screen. Some cars don't have well integrated support for google maps from your phone. I totally believe that 79% of people want to plug their phone into their car and have maps work easily and that it would be a factor- I just don't believe it would be a requirement.

vfkq9b

End of life care without children

My husband and I are mid 30’s without plans to have children. We have no issues with planning for general retirement but are at a loss for what to do about end of life care. Wondering what other child free couples are preparing for and what we’re need to do to make sure we’re not being taking advantage of.

personalfinance

Do NOT buy any form of insurance for long term care, instead use what that would have cost to invest/save for when you need care. My mom, (school teacher) 80 years old now paid 30 years for home care, but with COVID, can’t get anybody to come to her home. If you save money, you can always hire/buy what you need. If you buy insurance you will ALWAYS get a lot less (because those insurance companies will make money off of you). Also, think about ways to get alternative care, life on a cruise ship, living in Canada/Mexico etc.

k8kof5

If you were phished, you gave away your crypto. They werent hacked or stolen.

That might sound like a harsh take but hear me out before you downvote me to oblivion. When new people come into this space and see all the posts about how coins got hacked and stolen. They are immediately going to lose faith in crypto. Crypto is already a foreign concept to most people and getting "hacked" is another scary term that most people dont understand. I have had conversations with multiple real life people regarding crypto currency getting hacked and that they dont trust owning it themselves because they could just lose it all one day. We have all seen the headlines. The average person doesnt know what private keys are, and how crypto is basically unhackable. Your Bitcoin/Ethereum wallet cannot be hacked. I think We should stop using this terminology when people lose access to their coins, because it's counter productive and scares new people away from the space. When we could be educating people on how not to get phished instead.

CryptoCurrency

I mean the coins were still stolen. When people phise for fiat its theft so same applies for crypto. Other than that yeah I totally agree with you. Crypto doesnt get 'hacked' and really people need to he calling out anything that looks dodgy as soon as they see it to better the crypto community and make it an easier space for new people to get into

suvxgc

Hot Potato through the Tunnel Under the Border: A Canadian's guide to “Snow-washing” your short positions

***Intro*** I am not providing financial advice nor am I a financial advisor. I’m a truck driver. If you think this constitutes advice, you may need a helmet and a 5-point harness for this ride…. Literally. This is my first legitimate attempt at DD and even then, I’m only putting it up because I don’t have the wrinkles to continue this research any further. I’ve posted one of these articles in here before to very limited applause, but Canada seemingly pops up numerous times as facilitating the Naked Short thesis. Also keep in mind the ongoing discussions surrounding Cayman Islands corporations, Zombie companies, SSR and how it never has any effect, as well as the fact that shorts never covered. Let me very clear…. My brain is smooth. I don’t have the investigative wherewithal to continue digging into this further the way the Superstonk community can. I’m merely presenting what I have found in the hopes that this ignites the community to continue pushing forward. My personal legal interpretation experience all relates to traffic law so it's quite possible that I don't know shit about fuck. **Please. For the Love of APE I need you to understand that I WANT TO BE WRONG. Fucking debunk me actually though! Constructive Criticism is incredibly welcome!** I know that a lot of people are comfortable or zen with the level of DD that has been completed thus far, especially in the wake of current events and what their implications may mean. I am not one of those apes, and in the sphere of the current situation I think it’s important that the community looks through the Canadian landscape of Legal Naked Short Selling and Banking Secrecy laws that certainly provide some concrete evidence that the manipulation may include Canada “the money laundering capital of the world” Ultimately, I’m more looking for this to be expanded on more than anything else, I want to not be right about the rife abuse where I live, but I can’t find anything related that clarifies that these things have changed here. **1.** **Cellar Boxing DD opens a personal Pandora’s Box** If you're new here and you haven’t read it yet : [https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) 5 Months ago u/thabat wrote one of the communities defining DD's that revolved around the idea of Cellar Boxing stocks. It was fascinating to me, and seemingly explained a whole swath of the idea of Zombie Stocks and exactly what the inevitable game plan was with GME pre-sneeze. It wasn’t so much the incredible quality of the DD or what it was alluding to that caught my eye. I want to point you to one small and minute portion of the original forum post that sparked this DD: ​ [WTF?!](https://preview.redd.it/gsiubj8edfi81.png?width=1560&format=png&auto=webp&s=ff005316b55c9350393a5528cb5f5746e57e3fad) While this wouldn’t mean a lot to most people, I am a Canadian, and I do not want to be unwittingly complicit in any naked shorting scams, nor do I believe any of my fellow Canad-EHps North of the Border. As soon as I saw this, I started looking for more information that would point to the fact that Canada played a much larger role than originally thought. ***2.*** ***Dr. Jim Decosta, The OG Silverback, and the “Tunnel Under the Border”*** The Ape, the myth, the legend. He goes into stunning detail corroborating all of this and lays out the framework to see how this is done. I’m only focusing on the Sedona section (Section 23 if you want to read without my highlights) here as this comment alone had to be trimmed to fit into a singular reddit post. (It's 40k+ words) For posterity I’m posting a screenshot, but you can find a link to the SEC comment here: [https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) This thing is a fucking gold mine as far as I am concerned, there is far more than I can adequately cover in this DD alone. Please pay attention to the fact that searching the article (Ctrl+F = Canad, appears 34 times for Canada/Canadian). These highlights are all my own, but I believe the doctor laid us out the methodology to see how this all functions almost 20 years ago and I want to put it forward to the wrinkle brains in the community to continue the research. ​ https://preview.redd.it/tq0p7utjdfi81.png?width=1200&format=png&auto=webp&s=c79fe51af7b53d96c9989891f871385af3676da9 ​ [I'm a truck driver, butt fuck me if this doesn't look like a map](https://preview.redd.it/8lwubmhldfi81.png?width=1200&format=png&auto=webp&s=924f94a6fd4aac44bbe014081f1b6869a4aa288d) \- As per the SEC’s own admission Canadian Broker Dealers (CBD's) are not required to register with NASD (National Association of Securities Dealers) and therefore are not subject to short selling restrictions. \- There is an “Umbrella of Immunity from the Borrow” (I will cover this later) \- Canadian delivery laws differ from those in the US \- It is absolutely LEGAL to naked short a stock in Canada If you were thinking that would change, the last amendment I can find in Canada related to this is 4/23/2015. It is linked below (again links, if you don't like don't click). Please keep in mind that in every province in Canada there is a different securities association. (I’m focusing on Ontario currently because that is where Canadian Markets are located) Link : [https://www.osc.ca/sites/default/files/pdfs/irps/rule\_20150423\_32-505\_conditional-exemption.pdf](https://www.osc.ca/sites/default/files/pdfs/irps/rule_20150423_32-505_conditional-exemption.pdf) Directly from the link: >This notice gives an overview of the Rule and its Companion Policy (defined below) and contains the following annexes: > >· Annex A – OSC Rule 32-505 Conditional Exemption from Registration for United States Broker-Dealers and Advisers Servicing U.S. Clients from Ontario > >· Annex B – Companion Policy 32-505CP Conditional Exemption from Registration for United States Broker-Dealers and Advisers Servicing U.S. Clients from Ontario (the Companion Policy) Ok, well fuck. So that very well means that this apparent “Tunnel Under the Border” still exists today. If only I could find some other write-up that may support the theory and potentially expand. ***3. Further corroboration of Dr. Jim Decosta by an unknown author on the silicon investor forums (9/27/2006)*** Link : [https://www.siliconinvestor.com/readmsg.aspx?msgid=22856435](https://www.siliconinvestor.com/readmsg.aspx?msgid=22856435) If you’re unaware this is the same forum that provided the OG Cellar Boxing article, long before the Apes hopped into GME and joined the train. The post itself goes on to provide additional insight into how the naked shorting fiasco functions through Canadian Margin accounts. *Since links aren’t ideal at all I’ve taken two screenies for the Apes. If you don't like, don't click above.* ​ [Unsurpised Face](https://preview.redd.it/9to54k62efi81.png?width=2518&format=png&auto=webp&s=13b6531d933bcedda3b09adab581ac690cf57949) ​ [DING DING DING Mother fucker.](https://preview.redd.it/liyx2mm3efi81.png?width=2518&format=png&auto=webp&s=f9dcae79400b8140aca69d150508bc3fe3ec405f) Jackpot! Hot Potato! This is market manipulation at its finest! Hedge Funds are the largest holders of these accounts, who are not required to follow the rules and regulations and can infinitely Fail to Deliver shares by playing hot potato between themselves and other complicit entities. To understand how Failure’s can continue for years you have to know how Fails are dealt with in the Canadian Market. \- If a short sale cannot be settled within two trading days of the order (T+2) then it becomes a failed trade \- However, the short seller has 10 trading days (T+12) to locate and deliver the shares before the failed trade must be reported to the IIROC as an “Extended Failed Trade” \- There are no regulatory consequences for an extended failed trade, although an extended failed trade MAY prevent further short sales (Also notice in the link above that there is absolutely NO Disciplinary History, so that’s a fucking lie) \- Trades settled through CDS Clearing and Depository Services are subject to CDS’ own settlement rules (found here [https://www.cds.ca/participants/settlement-and-clearing](https://www.cds.ca/participants/settlement-and-clearing).) \- CDS imposes a daily fee for a failure to deliver shares to settle an outstanding settlement position in its continuous net settlement system and provides a buy-in process which allows a buyer who has not received the purchased shares to force settlement. \- HOWEVER, these fees and buy-in requirements carry **NO REGULATORY SANCTIONS** ​ GUH, WELL FUCK. So not only does the Canadian Market system allow CB/D’s an exemption from following the rules on short selling… Even if you fucking break the rules, no one North of the Border plans on doing shit to ensure that it never happens again. You can pass your dirty shorts entity to entity on T+11 and you'll never EVER have an Extended Failed Trade. What triggers me is the the fact that if there were 28 institutions margin called during the January sneeze last year, how many of them employ the Hot Potato Technique? How many of them are using obscured Cayman Islands Corporations through Canadian Broker/Dealers? Do Jim Petterfy’s comments regarding the collapse of the economic system due to the sneeze have something to do with the fact that the shorts may very well be hidden via the Canadian Market place? I don’t know about you, but this type of thing gives me a little bit of a chub when I think about its implications. Nonetheless, let’s continue. ***4. One Dr. to rule them all… One study to bind them*** I really didn’t get the traction I was looking for the first time I linked the commentary Dr. Jim Decosta had on the market manipulation that was found in the early 2000’s. I didn't take the time to actually distill the post in smooth-brain but that's on me. This study was done in 2019, and you’d think that 20 years after all of this was discussed that things would have changed but I’m here to show you that the same circus of fuckery continues. Link : [https://mcmillan.ca/insights/publications/short-selling-in-canada-regulations-are-weak-and-a-new-path-forward-is-needed-to-reduce-systemic-risk/](https://mcmillan.ca/insights/publications/short-selling-in-canada-regulations-are-weak-and-a-new-path-forward-is-needed-to-reduce-systemic-risk/) This to me is the most important part of the entire literature provided above: ​ >Based on our research, it is clear that IIROC’s largely non-interventionist approach and its focus on maintaining liquidity have made Canadian companies attractive targets for short campaigns. From 2015 to 2018 there was an increase in the number of short campaigns in Canada, while generally in other jurisdictions there was a decrease. **Additionally, the number of short campaigns in Canada is utterly disproportionate to the size of our capital markets when compared to the United States, the European Union and Australia (as examples)**. The reason for this seems clear: short selling regulations in Canada are out of step with regulations in those other jurisdictions – see Schedule A attached hereto. As a result of inherent weaknesses in the Canadian short sale regulatory regime, short sellers may well be attracted to the Canadian capital markets. You don’t fucking say! I’m a fuckin’ Smooth but isn’t the definition of insanity doing the same thing over and over expecting a different result? How the fuck Canadian regulators continue to take a lax stance on these issues yet somehow expect things to change is literally fucking mental. But I digress. ​ >Every short sale on a Canadian marketplace must be marked “short” unless the sale is from a certain type of account **(generally described as directionally neutral accounts)**, in which case it must be marked “SME” (short-marking exempt). An order marked with the SME designation can be a short or a long sale. **Beyond these requirements, a short seller is generally not restricted from selling shares it does not own**. UMIR does not impose general pre-borrow or locate requirements (although IIROC can impose specific pre-borrow requirements for specific securities). **A short sale can be made by a seller who does not have an existing ability to settle the trade, so long as the seller has a “reasonable expectation” that it will be able to settle the trade.** The “reasonable expectation” requirement in the policies accompanying UMIR 2.2, however, does not require that prior to making the sale the short seller actually locate and arrange to have the shares available for delivery on settlement. Rather, a “reasonable expectation” exists so long as the short seller **does not know that it cannot borrow the shares** and takes reasonable steps to locate them. If I’m reading this correctly, doesn’t this explain why the SSR has never mattered? If you mark your sales as SME, then the SSR don’t mean shit, especially if it’s coming from an entity that is or was never obligated to follow the rules in American markets in the first place. Also, let’s have a fucking talk about how the Canadian Markets allow a short seller to continue to short whether or not they can locate the shares required. A “Reasonable Expectation” exists so long as the short seller **DOES NOT** know that it cannot borrow the shares. Here's your "Umbrella of Immunity of the borrow" So, hmmmm, shares randomly appearing every single day would probably give just about anyone a “Reasonable Expectation” that they can settle the trade. Am I on speed or does this fit far too well together? One thing I'd like to note is that Anson Funds, who is currently being investigated by the DOJ for its involvement in short selling, is exactly the type of directionally neutral Hedge Fund that may be a co-conspirator, in Canada. Excerpt provided (link isn’t because fuck Corporate Media) ​ [May likely explain why they're being investigated given the evidence presented here.](https://preview.redd.it/66cd9hy9efi81.png?width=1560&format=png&auto=webp&s=45d8ee964ba9e6e68265a3645abe4f6530aad2cc) >“If the short sale cannot be settled within two trading days of the order (T+2), it is a failed trade. **However, the short seller has 10 trading days (T+12) to locate and deliver the shares before the failed trade must be reported to IIROC as an extended failed trade.** There are no regulatory consequences for an extended failed trade, although an extended failed trade may prevent further short sales (either by the client or non-client with any ongoing extended failed trade in any security, or by the broker on its own account in the same security). Trades settled through CDS Clearing and Depository Services Inc. (“**CDS**”) are subject to CDS’ own settlement rules for failed trades. CDS imposes a daily fee for a failure to deliver shares to settle an outstanding settlement position in its continuous net settlement system and provides a buy-in process which allows a buyer who has not received the purchased shares to force settlement. **However, these fees and buy-in requirements carry no regulatory sanction.”** I’m going to reiterate what has been said time and time again…. **THE SHORTS NEVER COVERED OR CLOSED** ​ ***5. I’ll leave you with this*** The last thing I’ll point to is how Nostradamus this Anonymous Silverback of the Silicon Investor post was ​ https://preview.redd.it/ztkpmcbiefi81.png?width=2518&format=png&auto=webp&s=a915a7e824d1e8cb3c534a5a922615cf7e235df3 Yeah… we fucking did. ***6. Conclusion and TLDR*** In my humble opinion, there are far too many connections that can be pointed to throughout this DD and the accompanying articles, that I believe give credence to the fact that a vast majority of any Naked Short Sales that have been processed this far on GME, may very well have originated from Canadian Broker Dealers. It is my hope that all apes can better utilize this information to continue their own research into the intricacies of naked shorting. I hope that other DD analysts, particularly those who write about cycles, can look at their own information through a new lens for their own research. I've said before and I will say again: **Constructive criticism is more than welcome and I'd prefer to be debunked because I am a smooth brain. I want to be wrong.** ***TL;DR*** \- The Canadian Marketplace is lacking in rules and enforcement which makes it a breeding ground for Naked Short Sales (Legal in Canada) \- IIROC’s largely non-interventionist approach and its focus on maintaining liquidity make Canada a prime breeding ground for Short Campaigns \- Dr. Jim Decosta alluded to the “Tunnel Under the Border”, a methodology that naked shorting through a convoluted chain of interlinked broker dealers and offshore accounts, allows Canadian Broker Dealers to naked short companies into oblivion on behalf of hedge funds and other entities \- This is further corroborated by a forum post on Silicon Investor forums circa 2006 that points to the “Hot Potato Technique” where shorts are shuffled around entity to entity on T+11 to by-pass the extended failed trade (T+12) requirement before the IIROC is even notified that there may be a problem. \- Even if an Extended Failed Trade had occurred, there are no regulatory sanctions imposed on offending criminals. Also note the fact that there is absolutely no record of Disciplinary History listed on IIROC’s website related to Extended Failed Trades. \- A study from 3 years ago by the Mcmillan gives credence to the evidence of these two methodologies and offers insight into the the laxity of rules and enforcement in Canada. \- The Mcmillan Institute’s study lead to the conclusion that a disproportionate amount of naked short selling campaigns occur in Canada by comparison to other jurisdictions globally. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Edit 1: Snow-Washing Definition: Snow washing refers to hiding illegitimate financial transactions often for the purposes of tax evasion in Canada. The term is an amalgam of the words snow meaning purity as well as the cold Canadian climate and washing referring to money laundering. Edit 2: There is a lot of mention of Direct Registration throughout Dr. Jim Decosta’s post as well as the anonymous author of the Silicon Investor post. For those that are wondering about myself, yes I have DRS’d, more than willing to provide proof to mods if necessary. I’m waiting on my verification letter to activate my account and post.

Superstonk

The situation is indeed dire when it comes to the Canadian markets. There's an organization I follow up here, called Save Canadian Mining https://savecanadianmining.com Its founded by Terry Lynch and Eric Sprott, they are openly trying to reinstate the tick test rule to slow predatory short selling and are calling for the regulators to cease allowing short positions to be closed via private placements. I can only imagine the mine field they must walk when presenting this and talking about it, as I'm sure they are more than aware of how deep the corruption runs. Thank you for this post, it was very well put together 👍

ncw45t

Wall Street Week Ahead for the trading week beginning May 17th, 2021

Good Saturday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. Here is everything you need to know to get you ready for the trading week beginning May 17th, 2021. # **Earnings reports and the Fed will test the market rally in the week ahead - [(Source)](https://www.cnbc.com/2021/05/14/earnings-reports-the-fed-will-test-the-market-rally-in-the-week-ahead.html)** ***** > Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers, including Walmart and Home Depot, report earnings and housing data dominates the calendar. ***** > The Federal Reserve may also play a role. Minutes from its last meeting will be released Wednesday, and after April’s hotter than expected consumer and producer inflation, market pros will watch it closely. ***** > Central bank officials are also scheduled to make comments, including Fed Vice Chairman Richard Clarida who speaks next Monday. ***** > Stocks have been volatile. The rally on Thursday and Friday was unable to reverse the week’s heavy losses. The defensive consumer staples, financials and materials were on track for a positive week among major sectors. The worst performers were consumer discretionary, off about 3.7% for the week, and tech, which was down 2.2%. ***** > Technology shares were among the best performers in Friday’s rally, up about 2.1%. Energy was the best performer, up more than 3%. ***** > “Watch it with a certain amount of trepidation,” said Art Hogan, chief market strategist at National Securities. “It’s not like the things that spooked us this week, like inflation, are going away...I think the fact we bounced at the end of the week is constructive.” He added that he still expects the market to move forward with fits and starts. ***** > But a positive for the market and the economy was the announcement on Thursday from the Center for Disease Control and Prevention that vaccinated people do not need to wear masks. ***** > Fundstrat co-founder Tom Lee said in a report Friday that he now expects small caps and stocks that were hardest hit in the pandemic, like airlines and hotels, are ready to rise off the bottom. ***** > He is still concerned about the tech sector, which big investors are using as a source of funds as they rotate into staples and health care. ***** > # Fed Ahead > The Fed minutes should basically be a replay of the last central bank meeting. But that was held before April’s Consumer Price Index was reported to be up a sizzling 4.2% year over year. ***** > That last meeting also took place prior to the April employment report that showed just 266,000 payrolls, a quarter of what was expected. ***** > “I think the Fed is willing to look through these weird data points. They’re thinking that one data point is not a trend,” said Joseph Song, senior U.S. economist at Bank of America. ***** > But the markets have been focused on whether any data helps clarify how soon the Fed may start to talk about winding down its bond buying. That would be a precursor to slowly ending the $120 billion a month asset purchase program, and also a signal that it is one step closer to raising interest rates. ***** > Hogan said when the weak employment report was released, the market view shifted away from the idea that the Fed could discuss tapering its bond buying when it holds its Jackson Hole Economic Symposium in late summer. ***** > But the market moved back to that view when the hot CPI report was released Wednesday. ***** > “We saw hot CPI, hot PPI,” said Hogan, referring to the producer price index. “That tells us the Fed could be behind the curve.” ***** > The Fed has said it expects a transitory spike inflation, but concerns it may not be a temporary spike rippled through the market. But Hogan said investors took some comfort from declines in iron ore and copper, down nearly 2% for the week. ***** > # Retail earnings and housing > Big retailers report quarterly earnings throughout the week. Walmart and Home Depot will report Tuesday. Target, TJX and Lowe’s release results Wednesday, and B.J.’s Wholesale and Kohl’s on Thursday. ***** > Another disappointing data point was Friday’s April’s retail sales, which came in flat with March. But they are still at a high level. Hogan said based on the sales report, retailers should have done well. ***** > “You’re likely to hear the usual suspects are outperforming. It used to be Walmart, Target, Home Depot, Lowe’s,” said Hogan. He said now others have joined the list, like TJX and Gap, and should do well. ***** > Besides earnings, there is housing data. The National Association of Home Builders sentiment index will be released Monday, and housing starts are published Tuesday. Existing home sales will be issued on Friday. ***** > Hogan said depending on the data, it may help the homebuilders which fell hard in the past week. He noted that D.R. Horton and Hovnanian were both down for the week. ***** > “The home building index is off 5% for the week, even with it being up 1% [Friday]. This is a red-hot sector that has lots of implications,” he said. “What’s good for home sales is good for auto sales. It’s good for Home Depot and Lowe’s.” ***** > Homebuilders were part of a broad swath of the market that was bouncing Friday. ***** > Scott Redler, chief strategist at T3Live.com, said by the end of the week, some of the growth and tech names were trading better, like Facebook and Alphabet. ***** > “The S&P 500 held the 50-day moving average, which is constructive,” he said. ***** > The S&P 500 came within about a dozen points of its 50-day, which is the average price of the last 50 closes. It is often a level that acts as support, but if it is broken, it can signal a negative trend. ***** > The S&P 500 was down about 1.5% for the week at 4,173.85. The Nasdaq ended the week at 13,429.98, down 2.3% on the week. ***** > “The tech sector, which has been under pressure, held its yearly uptrend earlier in the week. Today it felt a little better than the rest of the week,” Redler said Friday. “It doesn’t mean you can go into everything, but you can tell traders are picking away at better acting stocks at these prices.” ***** # **This past week saw the following moves in the S&P:** ###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/5Q8MEvs.png))** # **S&P Sectors for this past week:** ###### **([CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!](https://i.imgur.com/qkRgsms.png))** # **Major Indices for this past week:** ###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/Mb5nyYU.png))** # **Major Futures Markets as of Friday's close:** ###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/DH4pYbz.png))** # **Economic Calendar for the Week Ahead:** ###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/PdAKwNZ.png))** # **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** ###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/Lf91lvg.png))** # **S&P Sectors for the Past Week:** ###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/OtR0qo1.png))** # **Major Indices Pullback/Correction Levels as of Friday's close:** ###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/D3SZORU.png))** # **Major Indices Rally Levels as of Friday's close:** ###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/JVbgQH8.png))** # **Most Anticipated Earnings Releases for this week:** ###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/ePmOTCH.png))** # **Here are the upcoming IPO's for this week:** ###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/YcqRuOc.png))** # **Friday's Stock Analyst Upgrades & Downgrades:** ###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/GCNJ0NQ.png))** ###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/w9UieHX.png))** ###### **([CLICK HERE FOR THE CHART LINK #3!](https://i.imgur.com/hE19Iol.png))** ***** > # 5 Charts We Are Watching > Last week’s monthly nonfarm payroll was disappointing, but it usually takes a long time for jobs to come back after a recession, so maybe we shouldn’t have been so surprised. In fact, looking at the 10 previous recessions, it took 30 months on average to recover all the jobs that were lost. Given we still have 8 million jobs to make up this time, we could still be quite a ways away from getting the labor market back to where we were pre-COVID-19. > ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2021/05/May-14-chart-1.png?ssl=1))** > The current bull market has tracked the start to the 2009 bull market nearly perfectly. “Be aware that right about now is when the 2009 bull finally took a break, falling more than 16% into the summer,” explained LPL Financial Chief Market Strategist Ryan Detrick. “We don’t expect that type of a pullback this time, but after an 89% rally, maybe a pullback or consolidation is in the cards.” > ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2021/05/May-14-chart-2.png?ssl=1))** > Copper is breaking out to new highs after consolidating for 15 years. The last time it did that it eventually gained more than 150%. Every time is different, but with the global economy soaring back and demand for copper not ending anytime soon, we expect this industrial metal to continue to lead. > ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2021/05/may-14-chart-3.png?ssl=1))** > We also keep an eye on the presidential cycle. We are now past President Biden’s first 100 days and choppy action with a new President in Office is perfectly normal right about now. > ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2021/05/may-14-chart-4.png?ssl=1))** > The financial press has discussed the well-known “sell in May and go away” market saying, but did you know it actually starts on May 5th? As the LPL Chart of the Day shows, the middle part of May is historically quite weak for stocks as the broadly weaker period begins. The calendar, you could say, isn’t doing anyone any favors even if the economy still is. > ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2021/05/may-14-chart-5.png?ssl=1))** ***** > # NASDAQ 100 Finds Support > Our go to leading market index indicator of late, the NASDAQ 100 (NDX), which is tracked by the widely held exchange traded fund (ETF) Invesco QQQ Trust (QQQ), may have found some support on Wednesday in the big sell off near 13000. Actually, using our wide chisel-tip Sharpie we would draw this current near term support between the black line support levels in the 13000-13200 range on the accompanying chart. > While we still do not expect any major decline here, we do not foresee any major upside either over the next six months – the Worst Six Month of the year May-October. We zoomed in and updated a few lines and notations on the charts we presented in our May Outlook and in our NDX Uptrend Broken, Support Under Pressure blog post earlier this week. > We are rather comfortable with our timely April 22 Best Six Months Seasonal MACD Sell Signal and with our outlook for a more typical “Reposition in May” period. The Fed can print money faster than the market can decline and more fiscal stimulus is coming down the pike as well as continued fuel from pent-up pandemic demand. > Look for NASDAQ and NDX to rebound and lead the rally into early July through the rest of its Best Eight Months November-June and the historically strong first half of July in keeping with seasonal market patterns. Though, we do see resistance at the recent April highs near NDX 14000. > If we do break below this 13000 support level there is support at the uptrend line since the September/October lows around 12900 and 12750, which would be an 8-9% pullback from the April 16 14041.91 closing Doji candle high. Below that are the March lows 12200-12420 which would be an 11-13% correction. > In our view all the stimulus, pent-up demand and Fed money will prevent any major down draft, while seasonals, valuations, technicals, internals, sector rotation and sentiment will keep a lid on the upside most likely until the fall. Please enjoy a more normal summer. > ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/c4ffe169712380686f4a043d144535fc/397fdf33b9b1b8ad-cc/s500x750/2549c02528c3b9ce57bd8c40d47ea821e87961e7.jpg))** ***** > # Door is Open For Developed International Stocks > We’ve warmed up to developed international stocks recently for several reasons. For one, the U.S. stock market has staged a tremendous rally—this week notwithstanding—since last March which has prompted us and others to start looking for other opportunities that aren’t pricing in so much optimism. Valuations, though not great timing tools, are more attractive in Europe and Japan. And we expect the US dollar to weaken which could boost non-US stock returns. > Another reason to take a closer look at international is the recent resurgence of value stocks. The developed international equity market (mainly Europe and Japan) is much more value-focused than the U.S. market, based on the MSCI EAFE Index and the S&P 500 Index. As shown in the LPL Chart of the Day, the relative performance of value stocks versus their growth counterparts has been well correlated to the relative performance of developed international stocks compared to those in the U.S. In other words, international tends to work when value works. > ###### **([CLICK HERE FOR THE CHART!](https://i1.wp.com/lplresearch.com/wp-content/uploads/2021/05/5.13.21-Blog-Chart-1.png?ssl=1))** > “Should strong performance by value stocks continue—and we suspect it might—international stocks will have their best chance in over a decade to sustain outperformance,“ explained LPL Equity Strategist Jeffrey Buchbinder. “The strength in cyclical value stocks such as financials, industrials and natural resources, coupled with tech sector weakness, gives European and Japanese markets a fighting chance of keeping up with the U.S. as those economies fully reopen.” > We can see how developed international stocks are more value-focused when looking at sector breakdowns for key indexes. As shown in the graphic below, the U.S. equity market (represented by the S&P 500 Index) has a much higher technology sector allocation, making it a more growth-oriented index than the MSCI EAFE Index benchmark for developed international equities. If digital media (think Google and Facebook, which are categorized as communication services) and e-commerce (think Amazon, which is in consumer discretionary) are included in this sector comparison, the technology gap widens even further. In essence, for international to outperform, U.S. technology leadership needs to hand the baton over to cyclical value. That transition has been happening over the last couple months and very well could continue. > ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2021/05/5.13.21-Blog-Chart-2.png?ssl=1))** > At this point the primary factor holding us back from upgrading our view of developed international stocks to neutral from our current negative view is the pandemic. As Europe and Japan fully reopen and see the accelerating economic growth that the U.S. is seeing now, those markets may be in an even better position to outperform. Until then, we maintain our slight preference for U.S. stocks over developed international. ***** > # Bullish Sentiment Down Big > The past week has been one of the worst short term runs for the major indices of the past several months, and sentiment this week is reflecting that negative price action. Bullish sentiment as measured by the AAII weekly sentiment survey took a spill, dropping 7.8 percentage points to 36.5%. Whereas just over a month ago bullish sentiment hit a multi-year high at 56.9%, this week's reading was the lowest since the last week of October. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051321-AAII-Bull.png))** > The over 20 percentage point decline in that time was the biggest drop in a span of five weeks since a 22.73 percentage point decline in the five weeks ending February 8th, 2018. In the table below, we show the past 11 periods in which bullish sentiment fell by at least 20 percentage points in five weeks without another occurrence in at least a year. Overall, they have consistently preceded solid runs for the S&P 500 with frequent moves higher that are on average larger than the norm. One and three months later have both seen the S&P 500 trade higher 81.8% of the time and a half year to a full-year out has seen the index lower only one time (in 2007). Additionally, each of the prior instances since 2009 has been marked by the S&P 500 trading higher across all time frames. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051321-AAII-Bull-Table-b.png))** > With bullish sentiment lower, bearish sentiment gained 3.9 percentage points. At 27%, it is at the highest level since early February though still a few percentage points above the historical average of around 30%. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051321-AAII-Bear.png))** > That has resulted in the bull-bear spread dropping 11.7 points to 9.5. That is the first single-digit reading in the spread since the first week of February, but it still indicates that overall sentiment remains biased towards the bulls. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051321-AAII-BB-Spread.png))** > While bearish sentiment has only risen modestly, neutral sentiment is flying. After gaining another 4 percentage points this week, neutral sentiment hit the highest level since the second week of 2020. Similar to bullish sentiment, the move higher in neutral sentiment over the past few weeks has been one of the largest in roughly three years. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051321-AAII-Neutral.png))** ***** > # "Inflation" Trends > You know it's getting bad when inflation starts to trend on Twitter, but that's where we find ourselves this morning with the terms '#GasShortage2021' and '#inflation' both trending on our Twitter feed. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051221-Inflation-twitter.png))** > On Google, the frequency of searches for the term inflation looks like it's on its own path straight to the moon. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051221-Inflation-trends.png))** > These real-time indicators of concerns over inflation also manifested themselves in the 'official' inflation data this morning as y/y CPI surged to 4.2%, eclipsing the prior post-financial crisis highs. Not only that, but if CPI is unchanged on a m/m basis in May (highly unlikely), the y/y reading will climb to 4.3% given the decline last May. If we assume that May's m/m change is the same as the average so far this year, it would imply a 4.8% y/y change. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051221-CPI-SInce-2010.png))** > Even assuming that inflation only rises at the average m/m rate so far this year may be conservative at this point. That's because the rate of increase on a m/m basis has now accelerated for six straight months. Going all the way back to the 1940s there's never been a streak that long. Just for some perspective, if CPI increases by the same rate in May as it did in April, headline CPI will clock in at 5.1%. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051221-InflationStreaks.png))** > While the current level of CPI looks very high relative to the post-financial crisis period, from a longer-term perspective, it still has yet to show signs of breaking out from its thirty-year range. Based on the pain from prior spikes, let's hope it stays that way. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051221-CPI-SInce-1940.png))** ***** > # Small Businesses Growingly Concerned About Inflation > In today's Morning Lineup, we covered some of the details of this morning's release of the NFIB's monthly survey on small business sentiment. The survey showed rising prices, tight labor market conditions, and overall improving demand. > The NFIB also surveys businesses on what they consider to be their single most important issues. For the majority of businesses, cost or quality of labor and government requirements or taxes are the most prevalent. In total, 64% of businesses reported one of these as the biggest problem. Meanwhile, the percentage of businesses reporting weak sales as the most pressing issue continues to fall which is indicative of a further recovery in demand. One other interesting decline was in the issue of competition from 'big business'. Only 7% of businesses reported this as their biggest problem which is the lowest reading since October 2017. While up 1 percentage point in April, cost or availability of insurance is also still around some of the lowest levels of the past decade. While that mention of costs has ticked only slightly higher similar to the cost of labor which rose 1 percentage point in April, inflation more broadly is increasingly on the minds of small businesses. 6% of businesses reported higher prices as the biggest issue which is triple the reading from February and is the highest level since August 2013.Click here to view Bespoke's premium membership options for our best research available. > ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/05/051121-NFIB.png))** ***** Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- ***** > * **(T.B.A. THIS WEEKEND.)** ***** ###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/ePmOTCH.png))** ###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/WKzaYrw.png))** ###### **([CLICK HERE FOR THE MOST ANTICIPATED EARNINGS RELEASES BEFORE MONDAY'S MARKET OPEN!](https://i.imgur.com/TGasATl.jpg))** ***** Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: ***** > # ***Monday 5.17.21 Before Market Open:*** > ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/kfHiRhB.png)) > # ***Monday 5.17.21 After Market Close:*** > ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/WzIKfgg.png)) ***** > # ***Tuesday 5.18.21 Before Market Open:*** > ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/24ouS9G.png)) > # ***Tuesday 5.18.21 After Market Close:*** > ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/gNfJJS2.png)) ***** > # ***Wednesday 5.19.21 Before Market Open:*** > ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/Atp7yhv.png)) > # ***Wednesday 5.19.21 After Market Close:*** > ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/PrnJ1hL.png)) ***** > # ***Thursday 5.20.21 Before Market Open:*** > ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/S47R7im.png)) > # ***Thursday 5.20.21 After Market Close:*** > ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/NAY2VSq.png)) ***** > # ***Friday 5.21.21 Before Market Open:*** > ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/uB2KeDp.png)) ***** > # ***Friday 5.21.21 After Market Close:*** > ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) (NONE.) ***** > # (T.B.A. THIS WEEKEND.) **(T.B.A. THIS WEEKEND.)** (T.B.A. THIS WEEKEND.). > #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=SPY&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) ***** # DISCUSS! What are you all watching for in this upcoming trading week? ***** I hope you all have a wonderful weekend and a great trading week ahead r/stocks.

stocks

In my market, apartment properties are reaching 95-97% capacity which has pushed rents up. People that relocated here couldn't find a a home to buy so they signed leases... could slow down buying demand for a bit, I'm not sure how beneficial this is because a lot of folks are struggling to find a fair rent for a 1-2 bedroom now

u3iojo

advice on being extra

I keep trying to talk myself out of making extra trades, I profit 300 a day but it could be more, I make 500 to 1k in profit on trades but instead of stopping I feel compulsive to try more. And brings my profit down, I haven't lost money I still gain but I'm always looking to make a trade during my trading hours Suggestions on what to do with my mind to just stop I have adhd and I been hyperfocussed which is good and bad

Daytrading

I have the same problem, I'm usually profitable on the first hour of trading but the longer I trade I give back profits or sometimes lose money. One of the things I do to work around, it distract myself after the first hour. I shut off my computer and go to the gym, eat or do chores. Basically force myself to get off my chair.

zgphcd

Bitcoin Won

It turns out forcing people to participate in Bitcoin through lntipbot is a REALLY powerful way to get people involved in using the network. There are millions in this subreddit, bot or not. I tip. I've been calling it - Operation Forced Hodl (OFH). (In my head, I'm not a psycho) I messaged the mods of the cryptocurrency subreddit and asked them to enable lntipbot. They declined. They said they don't do tipping, well, except for moons, of course. They are afraid. This kind of message spreads like wildfire. It is unstoppable. You think lntipbot is easy? Wait until next year or the year after. Bitcoin has an unstoppable force behind it. Being able to seamlessly send money instantly online to someone is the goal. We are there. Long live the king 👑

Bitcoin

Lntipbot is the shit. I've long thought that once something like this hits all major social media (twitter, youtube, tiktok ...) plus games, it will be over in terms of adoption. Lightning/bitcoin will skyrocket.

ei42b0

Given $6k solely for investing towards my future, is Roth IRA the best/safest route?

Hello all, long time lurker, first time poster to this sub. Some background: 25yo, graduating with a BS Electrical Engineering degree this spring with zero debt to my name including student loans. Have roughly $7k in savings while working a paid part time internship of which I have been able to dedicate about 20% of each paycheck into savings give or take a couple months. This position also has a full time offer ready for me prior to graduating. This position will provide many benefits including 401k matching, however I’m not positive on how much but will definitely max out the matching as soon as the benefits are provided. These finances are unrelated to the lump given to me, just wanted to start by eliminating the option of investing into current debt since there is none and I believe I’m financially stable at the moment. I have incredible parents and family to thank for no student loans in which I will be forever great full for. I believe this has been what has driven me to be successful and continue down the path of ensuring none of my credit cards acquire any outstanding balances after a statement. Okay now to get to it short and sweet. A close relative has passed away and I have been gifted $6k in the form of a check with the sole purpose to invest in my future. I have never dabbled into the thought of investing as I haven’t had the funds available and have just been busy with school and trying to create a small savings. With this check I was also given a book called “Your 20’s” by Peter Dunn since my mom knows I have zero existing knowledge about investing. I have skimmed through this book to gain general terminology since finance is not an engineering course so it is all very new to me; also because it’s actually a very interesting read and written in a way such that i can understand. From what I’ve gained so far, Roth IRA seems like a safe investment in which provides a great return over a longer amount of time. Like I’ve stated, this money is solely for investing in my future so I do not want to risk losing it by dabbling in the stock market personally or really anything that provides similar risk. My only catch is that I’d hope to be able to purchase a home within the near future; say 3-5yrs. Now I don’t think that this $6k can get me a 20% down payment covered in such short time, however I’d like to be able to invest it in a way that can be accessed for contributing to my first home. This is where I’d appreciate some insight. Since I’m not super familiar with all of the processes and terminologies, any responses written in a ELI5 format would be highly appreciated however not mandatory. I will try my best to decipher anything not fully understood. Thank you all if you’ve made it this far. TLDR; Gifted $6k solely for investing in my future. Want to make a safe investment with decent returns while also being able to access the money to help provide a down payment on a home in 3-5yrs.

personalfinance

You can only contribute to an IRA if you have sufficient earned income to cover the contribution. Also, a Roth IRA is merely a "special" account type (special in that it has tax benefits) that holds investments; it isn't an investment on it's own. Considering you seemingly low risk tolerance and the horizon for purchasing a home, I'd use it as the foundation for your "down payment" fund. High-yield savings account is my take. Edit for words.

az428v

Aussie living abroad, what should I keep open in Australia?

I've been abroad for 3 years and am unsure when I might return, I have the following questions: 1. I have a number of accounts open back home, should I close them? IngDirect savings and current account, CBA savings and current account, Citibank debit and credit cards. I plan to keep the CBA one given it has my only cash assets and I've had it since dolomite days. 2. I currently have about 30k of care super funds but the fees are eating away at it since I'm not adding to it. I am considering moving to a self managed super and throw it the money at a diversified ETF. Is that the best way to go? Any suggestions for who to use and any tax implications? Thank you!

AusFinance

I’ve been living overseas for 6 years (though I usually come back to visit Australia at least once a year). My wife and I kept all our accounts open. No real need to close them unless any of them have large unavoidable fees, I would say. Kept my regular super (Unisuper) too - I’m not adding to it but it’s still grown substantially over the last 6 years as the fees are quite a bit less than the returns/growth. However, make sure you cancel any insurance you might have through your super (eg. life insurance), as those policies usually don’t cover you if you’re living overseas anyway. Just make sure you’re doing your tax each yeah on any interest you’re still receiving from Aussie accounts (you’ll pay a flat 10% non-resident withholding tax) and you should be golden. Tax implications of owning shares/ETFs/receiving dividends from Australian sources while overseas depends on the tax laws of the country you’re going to. Some (most) countries will tax residents on their global/foreign income, some don’t. I can help you with specifics for USA-Australia but any other country you’ll have to do your own research.

awfj23

Auction Clearance Rates

Just received my weekly auction clearance rates for the nation from realestate.com.au. It is showing a clearance rate of 62%. NSW had a rate of 69% however only had results for 362 auctions which seems like extremely low numbers. Where can I find how many auctions were actually scheduled? As mentioned in a previous post it was noted that agents are actually withholding results... would be interesting to see the unskewed data

AusFinance

There were 587 Auctions in Sydney this weekend and the median sale price at Auction was calculated on just 170ish Auctions. Huge number of unreported too to get the rate to 65%. This is a dangerous knife to try to catch https://twitter.com/linzcom/status/1101749807062888449?s=19

gx2azl

Why Noobs Lose Money

Seems to be a lot of new people on here. Let me explain why there are people who win big and lose big in penny stocks. Many of the stocks we buy here are not amazing blue chip stocks. They are based around almost solely hype and rumors. In order to make money, you need to be ahead of everyone else. QUIT BUYING STOCKS THAT HAVE RUN UP 100%. Sure it may run up more, but it’s only a matter of time before it gets dumped and you’re left sitting in a dark corner crying. I learned this buying MVIS at almost the exact top. Also, take gains when you see them and risk manage. I bought into XSPA at 1.05, sold AH at 1.43. Many will say “YOU SOLD TO EARLY,” but guess what, I made 40% and walked away. If it dumps, people lose all of their gains. BUY THE RUMOR SELL THE NEWS. QUIT FOMOING. Oh and about risk management, buy in early, take profits, and reinvest profit so if it goes tits up, you still win. I was up 4K on GNUS, but it was only the profits I reinvested from buying in and getting out so early. Even when it tanked, I still walked away with 1.5K profit in 3 days. Best of luck.

pennystocks

Another thing is that a lot of people haven’t even been here long enough to even know that DD stands for Dirk Diggler. I just see “DD” getting thrown around all the time and I don’t think anyone knows what it means

9qgz8n

I’m 35, well paying job... Bored out of my mind. What should I do?

Context: I’m 35 years old with a well paying government career 70k a year, TSP, Fed benefits etc. I keep thinking of switching careers to something more meaningful again. (I served 10 years in the military) In my mind, I want something with a bit more action than just a desktop and writing. Things I like: RN, Firefighter, Federal Investigator, Paramedic, Military reserves, Active Duty (again?) My issues: Salary: 70,000 with a raise next year at 106k, Student loans 100k (BS and MS) @ $377.00 a month, Car loan 383.00 a month, Rent $1600.00 a month, Utilities $75.00 a month, Cell phone $70.00 a month, All the jobs I want would be a considerable decrease in pay. No kids A wife (she’s in medical school) I do outside activities to help: triathlons, I’m a scuba instructor and go fly fishing with my dog. Tell me I’m crazy and to suck it up. I’ve done my fun/meaningful stint in life and now it’s time to be a desk jockey... Edit1: Thank you for all the great advice and replies. I think I was just having a life crisis at my desk today and my normal cruise through reddit wasn’t helping. I’m going to stick with the gig, payoff the debt, and look forward to retirement. Who knows, maybe sail around the world or live in Bali or some shit afterwards. Edit2: I found a volunteer Fire Department and started the application process. I think this is what I needed. Thanks again for all of your comments and advice.

personalfinance

A 50% pay raise? You're crazy, suck it up, pay off the debt, support your wife through med school. When she finishes residency in 5+ years, then think about making a change. Remain stable now and focus on your debt. And go buy a Porsche and do some autocrosses/trackdays.

wpwl2m

🚀🚀🚀 Fidelity is having trouble exercising my bbby calls 🚀🚀🚀

So I'm on hold right now. I had a bunch of bbby calls, sold half and exercised half. The rep has been asking me all kinds of time wasting questions, then tried to get me to accept a talk on "more profitable methods of closing an option". I had to politely interrupt him and say "This will be more profitable". I have been on hold for 10 minutes now, he just got back and said "I am speaking to an associate to hopefully get this resolved today". It's been another 10 minutes, still waiting. Is someone missing shares? Is this the first crack in the basket? I don't know, but LFG 🚀🚀🚀 Edit: I am on hold for a third time. He is saying he isn't seeing the confirmation going through, he is getting on with a help desk of some sort for support. Says it's probably because I exercised on a day other than friday. Call time now at 42 mins. Edit: 53 mins in. Call is done. I recorded from about the 20 min mark. Will have to edit down due to hold music forever and personal info. He said they had to wait for locates and I will be receiving my shares tomorrow. I'm too smooth brained to know if this is normal or not, so I leave that for your own interpretations. Edit 29: $4 was the strike, not the premium

wallstreetbets

So ya op, major respect on the “this is more profitable” lmao. But I don’t think this is fidelity trying to fuck you or anything. It’s almost unheard of for people to excersize early, so I’m sure there’s some hoops that Mr. customer service guy has to jump through to confirm that it’s really what you want to do. Shit there’s a good chance that this is the first time he’s every had to actually do it considering most people never do it.

xtbvuw

Are we finally into the fear stage?

I get that people still have a lot of liquidity and want to buy in. But a few months ago this questions was asked and people commented about how they were waiting on the sidelines to buy in. But with even worse economic new coming from the EU, uncertainty with the war, continued inflation and pressure on the consumer and the idea that the market may stagnate out of this impending crash. Atleast to me it feels like the conversation changed from “ I’m waiting to buy in when it get better” to “ I’m down 30%” “ it’s going to get a lot worse” Just in general less conversation and excitement toward sustained price decreases. Are we finally seeing the general consensus turn towards fear and not greed?

stocks

Umm Hello. The Fed is jacking up interest rates to stop and possibly reverse inflation. What will need to happen for that to happen? Businesses charging LESS. Why would a business charge less? Lower cost of goods/labor/and LACK OF SALES. That means PAIN. Missed earnings. Layoffs. Bankruptcy. Unemployment. **We haven't even STARTED to see any of this.**

lrllwb

$NERD / $NOSUF - MASSIVE NEWS - NERDS ON SITE / STAPLES PARTNERSHIP COMING: Here's Why It's BIGGER Than You Can Imagine.

I recently read a post from another Redditer regarding rumours of an upcoming STAPLES BUSINESS DEPOT and NERDS ON SITE partnership announcement. This prompted me to put my DD cap on because the effects of this partnership both short term and long term could be absolutely massive. I firmly believe the potential news of an upcoming partnership will be within the next week to two tops. There was a recent press release from Nerds On Site that a partnership with a major Canadian technology partner is incoming. This was AFTER a big spike in buying activity and share price. This buying volume was most likely from insiders on either side of this agreement and the news release was necessary to keep things above board. [https://finance.yahoo.com/news/av-comparatives-releases-long-term-090000688.html](https://finance.yahoo.com/news/av-comparatives-releases-long-term-090000688.html) This potential partnership would be extremely strategic for Staples and even more so for Nerds On Site. If we look at the Best Buy and Geek Squad relationship for reference... Although Best Buy doesn't report separate financials, my research indicates that Geek Squad is responsible for 5 to 6% of Best Buy's $40+ Billion a year of revenue. That puts Geek Squad at the $2 to $2.5 Billion a year range in annual revenue with reports of gross margins being in the 40 to 50% range. This makes Geek Squad the single biggest asset Best Buy ever acquired. Circling back to Staples and Nerds On Site... It's hard to pin a number on Staple's annual revenue as they were recently privatized. General research puts the number at $2.5 Billion a year in Canada. If we do the relative math, this puts the partnership potential for Nerd On Site at $125 Million annual revenue in Canada. Here's why I think the revenue potential for Nerds On Site is actually even higher than the direct comparison above. Staples' customer base is unlike Best Buy's. Whereas Best Buy focuses on consumer electronics, Staples' focuses on the SME and Enterprise customers. Staple's customer base is much more likely to convert for managed service offerings than Best Buy's customers would. Given that the customers are SME's and Enterprises, the average order value and life time values of these customers will be much higher than that of retail consumers. Nerds On Site if perfectly positioned to capture this opportunity as the SME and Enterprise segment is what they have been focused on since 1995. Here are a few other items that have me super bullish on this stock... 1. The operators / founders of this company did a pure play IPO to list this company. This wasn't some reverse merger or shell game, print a ton of shares typical exit scam we've come to grow accustomed to in the small cap space. 2. They have been focused on slowly and steadily expanding the business vs pumping the market with press releases to artificially inflate the stock prices. These guys are here to build a business and not pump a stock. This company is fundamentals driven. (This is extremely important and here's why....) 3. The founders and insiders own most of the stock for this company. The majority of the stock is restricted with very little float. The slightest buy volume will send this stock soaring (as seen in the last week), if the market literally sneezes on this stock its going to the moon... and there isn't a bunch of stock jockey insiders foaming at the mouth to cash-out and unload into the buy volume. 4. The company has been around since 1995, has 95% customer satisfaction rating, currently does $10Mil a year in rev and is positioned to scale hard and fast in Canada and the US. 5. Their service offering works perfectly with the economic macros (Covid / Post Covid trend) of leveraging technology for seamless remote work forces, which also alines with Staple's customer base. These are all catalysts for massive moves in the short term... but here's why I'm super bullish on the long term outlook as well. If Nerds On Site sees an initial pop on their stock price (which already seems to be happening), they will have real stock currency to go on an M&A spree acquiring smaller regional players in their space. The way their platform works (how they acquire and train nerds) will lend itself to quickly and seamlessly acquire the smaller players and convert them to the nerd model. This is very important because they can essentially buy revenue. This additional revenue on their books will quickly pave the way to a Nasdaq listing, which is where this company belongs. This is one of the few companies that truly belongs on the Nasdaq. It's a pure play technology company with great fundamentals and just needs the catalyst to scale. (That catalyst seems to be coming in a big way). Here's why I think there's a planned path to the NASDAQ for this company: Doing some additional DD, I pulled up the current board members of this company and did some research on the names. Two in particular were very interesting. 1. Kevin Ernst: spent 8 years serving as Managing Director for the NYSE Euronext/NYSE Amex. Also worked with Merrill Lynch. 2. Nicole Holden: Assistant Chief Auditor at The Public Company Accounting Oversight Board. (This organization does public company audits for SEC). It wouldn't make sense for these two seasoned individuals to sit on the board of this company unless there was a plan to up-list this company. Judging from their experience, they certainly aren't on the board due to their stellar computer repair skills. If the roadmap plays out the way I'm seeing it, this stock has the potential to go well north of $5 in the long term and a few dollars in the very (very) short term. I'm all in, and my plan is to recoup my initial principal quickly in the short term and ride this stock all the way to finish line with minimal exposure. Thats's my two cents.. take it with a grain of salt or act on it... but certainly keep an eye on it. And as always, DO YOUR OWN DUE DILIGENCE. PENNY STOCKS CAN BE VOLATILE. ​ Cheers, Christian

pennystocks

Here are some links to what I was able to find: https://ibb.co/sFJxmyZ https://ibb.co/98XMCY8 https://ibb.co/Jqgdsw4 https://ibb.co/9vz7rMq https://ibb.co/cxMhGwT As you can see they are looking for future techs, the date says Feb 1 2021 but it is still available. Similar work orders are out for printer installations.

3cfafb

Comcast making hard credit checks?

My SO and I have both had Comcast in the past. We're applying for a new place to live and we noticed he has a ridiculously high number of credit checks. There are a handful from Comcast that he didn't authorize, among a few others. They have never, ever, done a hard credit check on me for Comcast, and it seems unnecessary and a bit sketchy. Has anyone had experience with this before? Also, where exactly does he send the letter to have them removed? EDIT: Yes, Comcast is the worst. But where do you send a letter to have unauthorized credit checks removed?

personalfinance

They dinged me for a charge that I "never paid" and was conveniently never told bout. Until last month. From 5 years ago. Apparently their collections department has "only been functional for a year and a half."

nk0dj1

This is how a bull cycle gets strong, by having a huge dip and coming back.

For those who missed the 2017 cycle, there was a similar massive drop in 2016 and people were having major FUD thinking bear season is upon us. But soon after that not only BTC recovered but it reached ATH and then the bull cycle went on for another year. This 40% seems bad but people clearly aren't scared, look at the amount of in-flow money in stable coin in exchanges. This is precisely how a bull cycle gets strong, upon a dip and it doesn't faze the investors. Only makes them that much more greedy after it recovers. For those who experience this for the first, this is a powerful brain connection they will make that dip is a discount season and not bear season.

CryptoCurrency

There is only one example of a bull run extending past a close below the 21-week EMA, and that was in 2013. And it didn't last for longer than one week. So, if we close this week below the 21-week EMA, the bear market is probably here.

cw42zk

With all the banks firing traders and experts: is this the end of the profitable finance career path?

I wonder what you think about the finance profession. Banks and Funds seem to be hiring more and more software developers while laying off finance guys. Also there are a lot of finance people on the market. What do you think, is there a future of finance careers?

investing

I think the finance profession is more at risk for AI and automation then most professions. Finance needs a removal of human emotion and lots of math. Two things that software excels at. 1 mistake or a series of mistakes by a human can be disastrous for an account. Will there still be a need for finance people? Absolutely but the # of them will be less and thus a more competition.

tpdmlf

DID BCG REALLY RUIN THE BUTTERFINGER CANDY BAR???

So, I was thinking about all of the connections that BCG has in ruining so many different companies while I was eating a candy bar earlier today. And I thought back to the recently changed *Butterfinger* recipe. A change that made it absolute garbage that it is now. And sales for it plummeted. I thought surely not, but one quick google search away and:   - Nestle still owned Butterfinger when they changed recipes - They are/were using BCG Matrix for their products. - They changed the Butterfinger recipe in early 2019. (Maybe others too)   This employee thought 2019 was good year to switch jobs to BCG: https://in.linkedin.com/in/dhearora   and this employee: https://in.linkedin.com/in/swasti-nagpal-65637b39?trk=public_profile_browsemap   Nestle sold their confectionary business to Ferrero Rocher (also based Chicago, IL 🤔), who just so happens to now be using the BCG matrix. I suspect there is much more to this story, but I'm still looking.

Superstonk

As much as I love how much everyone is going deep into research, the BCG matrix is very commonly used. It is taught in business classes. Using the BCG matrix is not really a direct link to BCG anymore.

mnle8m

A really weird side effect $GME has had on me...

Student loan drops in 3 days here in the UK, usually by this time I'm absolutely strapped for cash and having to scrape together enough just to eat. This time around though I'm sitting on quite a fair few $GME shares and a comfortable amount of cash to get by. By blindly putting most of my money into $GME I've essentially put away cash I'd have otherwise spent on drugs and alcohol, which has just made me realise... I've completely quit; without even noticing. I've been so invested in this stock I've somehow managed to completely erase quite a few destructive habits of mine and I didn't even notice until just now. With student loan dropping again soon and what looks like a tasty dip on the way, I can't wait to buy more. Even if this shit doesn't MOASS, the stock has had such a positive impact on me I've already won imo. Thanks to all the delicious DD each day I'm now finding myself healthy and with loads more to do and read about instead of sitting around like the crappy student I used to be, looking for an escape. Thank you space rangers, I owe it to you. See you on the moon! Edit: Student loan company gonna be shook af when I pay it all back within minutes of finishing uni. Edit 2: Goddammit guys, everyone in this sub is just so damn nice. Thanks for such lovely and supporting messages. This place has changed me for the better, I love all of you retards!

Superstonk

Check your documents!! The student loans I’ve heard of forbid you from investing with the money they give you. If that’s the case with yours and you give them any reason to believe you bought GME with the loan, they will take ALL of your tendies. Check your documents fellow ape!!!

nygiwr

Electronic Arts (EA) over valued

I have been analyzing EA share price and have come to the conclusion that the stock is over valued. The obvious indicator is as follows: The P/E ratio is >50 this is high especially compared to other video game publishers, most notably Activision, which is the publisher that owns the call of duty franchise with a p/e of <40 My explanation for why the stock is over valued: EA’s value comes from the future growth expected by the company. This future growth is expected from 2 main factors, licensing deals with Pro sports leagues (NFL) and Disney + Star Wars I do not think these factors will greatly contribute to EA into the future. The reason I think this is because EA has been in possession of these exclusive licensing deals for years and even decades. EA has had exclusivity of pro league licensed sports games for as long as most of us have been around, and it’s Star Wars deal has been old news for about half a decade and to make matters worse EA has lost its exclusive deal for Star Wars to Ubisoft (another video game publisher). These deals are not likely to ale EA more valuable and it is much more likely that EA looses these deals then for EA to actually start making sufficient growth in its revenue or any other area of the company for that matter. I’d really appreciate anyone else’s thoughts on my evaluation, it’s my first time making a DD post of this depth Thanks!

investing

It's a good start and a good thinking process, but you need to evaluate way more things for a proper DD -- what are the fundamentals? How do those compare to their competitors?What are the management's projections in terms of their further plans? Are they planning to release any games that will be a long-term recurring revenue opportunity (like Fortnite or CoD Warzone, for example)? They do the sports series (NHL, NBA, Fifa, etc), but extra purchases in those games are probably not as profitable, so basically they have to force gamers to buy new games every year instead. What about other ratios (roe, cr, qr, p/s, peg, p/fcf, etc etc)? How about their debt? Do they have plenty of cash on hand? What are their investment cash flows? What are the margins -- have they been growing? What are the risks they face? Do they have ongoing legal proceedings? Where do you and analysts see them in 5-10-20 years? What are some big institutional holders? I am not invested in EA, nor have I done any research on them, but it would be interesting to read a detailed DD that covers all aspects of this company. Since you're probably still learning, I hope my input helps and you'll share an even more detailed DD in the near future, if EA is really of interest to you. Good luck!

zturtd

Think Bitcoin is inevitable? Think again. Complacency is the enemy of Bitcoin.

The link I have shared as part of this post really made me stop and think today. It's an estimate of listening and non-listening bitcoin node. If you consider yourself a Bitcoiner, this should worry you. What you see is a slow decay of a statistic that should be growing year on year. Especially now, when people are moving to self custody, as the shitcoins die, and when people are seeing the true value of Bitcoin as a tool of freedom. The misconception about running a node is that you are supporting the network. But it's not really about that. Running a node is YOU exerting control. It's YOU saying "these are my rules, THIS is what I want Bitcoin to be". And if many users engage this selfish act, Bitcoin becomes stronger! That's the magic right there. Look at the blocksize wars, at the big blocker corporate interests signalling for segwit2x, look at the RBF nonsense as people who don't understand the risks and function of Bitcoin try to dictate how the network should work. Node runners are the main line of defense against these actors. YOU can be there in the phalanx, in fact you SHOULD be there, with a spear in hand ready to strike at that which you must fight. A shield locked with those you would share concensus with. If you do not run a Bitcoin node you are allowing the essence of bitcoin to rot through inaction. For your sake, for the sake of your bitcoin and, critically, for the sake of Bitcoin's soul. Run a node. You don't need a raspberry pi, you don't need an old computer, you don't need to run Linux or make a sever or any of that shit. What you need is to download bitcoin core from [bitcoincore.org](https://bitcoincore.org/) for your OS, verify it, and install it. Congratulations. You now operate a node. If you can't spare the disk space?Prune it. Can't dedicate the bandwidth? Don't propagate blocks. Don't want people to know you use bitcoin? Enable tor. The possible configurations are huge and there are [tools to help you configure it as well](https://jlopp.github.io/bitcoin-core-config-generator/). Wallets like sparrow will easily connect to your node too, so you can effortlessly have privacy in your transactions too. Aren't sure what you are doing? Don't worry, ask for help here, go to the daily thread, go to the /r/bitcoin discord. Ask. Ask. Ask. People will help you. And then, one day, pay it forward. I have included some helpful links to get you going. But if you are new to this whole thing and have questions then please ask away. [Why you should run a node](https://blog.lopp.net/securing-your-financial-sovereignty/). [How to run a node](https://bitcoin.org/en/full-node#secure-your-wallet) [How to run a pruned node if you cant spare disk space.](https://thebitcoinmanual.com/behind-btc/nodes/pruned-node/) Remember, there may come another blocksize war, it may happen sooner than you think. Be prepared to make yourself self-sovereign or face the consequences of inaction. To quote Sartre "We're 'thrown' into existence, become aware of ourselves, and have to make choices. Even deciding not to choose is a choice."

Bitcoin

This isn't Robux or Ethereum where you just have to connect to a corporations server to check your account balance. You only get to have an opinion on Bitcoin through power projection using your node. Ever had an opinion on a change to Bitcoin? Guess what, your opinion kinda doesn't matter if you don't run a node to project power to say what the rules are. This is how Bitcoin is a social construct. By using someone else's node, you've given up your voice. Bitcoin is a social construct. By giving someone else the power to determine what Bitcoin is, you have given up your own thoughts on what Bitcoin should be to you, and if the server you're trusting becomes a big enough connection point for say a whole city, then my oh my do they become a juicy target for someone with a different idea on what Bitcoin should be. Don't give me the noobie excuse either. You are a sub of people who got to experience first hand that problems with fractional reserves, the problems with getting in over your head during the "good times" aka a bull market and a sub of people who are way too damn far behind the curve if you haven't figured out how to send Bitcoin from one address to the next and download a software wallet by now. Just run a node, when you're done being amazed by it, move on to the next step: [https://www.sparrowwallet.com/docs/connect-node.html](https://www.sparrowwallet.com/docs/connect-node.html)

x095il

Last 6 months have been a financial bloodbath

This is long - mostly venting. TLDR: this year has been a bloodbath for my $$$ - please tell me it gets better. I’ve (38yo) spent the last 5 years working my unholy ass off to turn my financial position and my life around. Built up an emergency fund, paid off all debt but student loans, keeping to a strict budget and saving ~25% of after tax income. Was finally looking ahead to start making “plans.” And then…. In the spring I had to emergency move to a new place. Moving is always expensive, but moving on two weeks notice is… a lot more expensive. There was a shooting in my neighbor’s apartment (not accidental) and I have a small child and the neighbor was not evicted - so it was a safety issue. In May an ER visit left me with a 5k bill (cannot be negotiated because that is after insurance and the hospital can’t negotiate bills where insurance was involved). I still haven’t paid it. Then my father died. Cost of emergency trip, plus paying for his cremation, plus paying probate lawyer (a mess is a generous term to describe his finances), plus cost of another trip to pack his home. And also the general market downturn which has seen my 401k stay essentially flat despite putting in money every single month. In six months, I’ve completely wiped out my emergency fund, and will have to carry a credit card balance for the first time in 2 years. I likely will need to let the medical bill go to collections in the hopes a collector will be willing to negotiate where the hospital wasn’t. I have worked soooooo dang hard to get into a good position and I just feel so defeated. Don’t think I’m really aiming for anything with this post other than I needed to vent and thought this community would understand. Wouldn’t mind someone reminding me it’s all going to be okay.

personalfinance

Congratulations on having sufficient emergency funds to get your child into a safer place. You can pay off credit card debt and rebuild emergency savings. Are you contributing to a 401k or IRA? Have you considered reducing your contributions while paying off debt? Not ideal, but possibly better than letting debt go to collections.

7iewrv

Got a lot of money but on benefits atm

Recently came into a lot of money (£100k+) am only 18, getting a council flat soon, no gcse and no career going for me. (Am defo smart enough gcse/ a level, unfortunate circumstance made me abandon education, one I regret. What’s a smart investment, either small long term returns or high risk high reward a.m. open to everything. Will not be touching this until I have a stable job and my council flat. Plus no debt to pay off. Thanks! EDIT: thanks for all the replies, honestly opened my eyes to so much I didn’t know or had no idea of. This sub honesty blows my mind with the commitment and support every time. Thanks

UKPersonalFinance

Invest in your education. At age 18, this will pay of hundreds of times more than anything else you can invest in. Paid adult GCSE classes are much better than school ones because the class sizes are way smaller and you'll probably find it much more enjoyable when you can get the hang of it properly. Having a maths and english GCSE will open a lot of doors for you if you don't just want to do manual labour forever.

gplvkf

Freelance: I have been unemployed since March 2020. Will employers look un-kindly towards my unemployment?

Hi all, I am a freelance person and have been unemployed since March 2020. Will employers look un-kindly towards my unemployment? Gaps in your CV are never a good thing apparently. I finished my last contract just as IR35 was going to come in and I did not want to go PAYE and risk HMRC action, and then on top coronavirus happened. I am constantly looking but so far have not found work.

UKPersonalFinance

I think if any employer doesn't recognise March 2020 as the month when Coronavirus took down the global economy, making millions unemployed and businesses go bust, then you don't want to work for that employer.

8avgyt

US-China relations not escalating as feared.

https://www.marketwatch.com/story/asian-stocks-gain-as-trade-tensions-ease-2018-04-08 So far tonight, looks like the Asia markets are hitting moderate gains. Nothing inflammatory on the wire. Looks like a return to $7k on the NASDAQ tomorrow. News distracted by Syrian airstrikes so we shouldn't get interrupted by trade war news all day. GLTA!

investing

Well that was fun while it lasted. [China blames US for trade frictions, says negotiations currently impossible](https://www.reddit.com/r/politics/comments/8ax1km/china_blames_us_for_trade_frictions_says/)

s58ptv

Daily FI discussion thread - Sunday, January 16, 2022

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

financialindependence

I just worked over the weekend, I was on call for my hospital’s IT due to some emergencies. Ended up making $125/hr for 30 hours of work. Came in 5am Saturday, worked till around 10pm on and off, and then slept till 5am, and worked till now. Finishing early but will still get paid like $3750 which is not bad for a single weekend. Wish I could do this every month… it was very light work and I got paid to sleep.

aleroa

Reading The 4-Hour Workweek and don't know if I'm wasting my time

So far, the premace seems to be against delay of gratification and targeting a sustainable FI number. I feel like this book is misleading on many fronts. However, I'm only a few chapters in. Can someone vouch for this book or am I wasting my time?

financialindependence

I just had my Virtual Assistant read it and then write up a summary with both of the book's key points: * If you need magical brain vitamins, Tim Ferriss will sell you some * Hiring a Virtual Assistant for $5/hour will save you tons of time

i1aevd

Borrow to invest: dividend > interest = free money?

If I get a HELOC at say 2.5% interest and I invest in banks whose dividend yields are all but guaranteed (IMO) to remain at least higher than my interest rate for the foreseeable future, what is the downside to this plan? I must be missing something! What is it? EDIT: Love this sub. Thanks for all the great insights. Lots for me to think about. Not as clear cut as I thought.

CanadianInvestor

I'm doing this. But not because of the March drop but because of where I'm at in life, tax deductibility in the non reg account. And just part of a long term plan. I was really intrigued when I read the book on the smith maneuver but I'm too chicken to go all in, so am doing my "poor man's version". Ive started out very modestly with only a small amount borrowed compared to what I already have invested. With the idea if things got ugly I'd have a way to pay it back easily. Also i have a fairly recent now large mortgage. Vs my last house where it was quite small. So being conservative. I think it's too personal to say always yes or no. There are a number of factors. If i was in my old house with a smaller mortgage I would've felt I could borrow a fair bit more. But as 8 pay down .one mortgage here over the next years I would like to continue to borrow to invest.

ar8qu7

Choosing long-term ETFs (in TFSA) for semi-retired parents, maximizing yield and potential for growth

Hi all. ​ First time posting here after reading some older threads. ​ I'm trying to create a portfolio with one/a few ETFs for my semi-retired parents in their 60s who would use monthly/quarterly distribution payments as a source of income. Both their TFSAs would be maxed out, and then still some money left over in unregistered accounts. Ideally looking for ETFs/MFs which have high yield and are relatively stable over time or have the potential to grow so that in 20-25+ years down the line, there is still a good amount left for inheritance for the kids. ​ Originally I came across the RBC Managed Payout mutual fund series, which guarantees around either 5%, 6%, or 7% distributions, but because of the large ROC portion of the distributions, it seems like their NAV keeps going down over time, especially after market corrections where it never fully recovers. ​ I then came across some ETFs after reading other posts on here like XTR (yield: \~5.5%), XEI (\~5.1%), CDZ (\~4.4%), FIE (\~6-7%), and ZMI (\~4.6%). Of course, each has their own pros and cons, but really anything with an MER of < 1% I think would be fine. It's more of a fund to buy and hold and use for income, as mentioned previously. FIE is tempting, but is so heavily weighted towards Canadian Financials... ZMI seems more globally diversified compared to XTR which is more Canada-weighted... Also I don't think tax implications would be a big factor considering they're both semi-retired and don't have much income. ​ Would appreciate any input or advice you may have! Cheers. ​ EDIT: also wanted to ask opinions on going "all in" on something like XGRO for example, and then selling off shares every month to equate to around 5% yield, since in the long run XGRO can return 6%+ per year on average? Or perhaps 50% XGRO 50% XTR...

CanadianInvestor

My wife and I went through the same process you're going through for your parents. After becoming utterly confused by all the options and accepting there was no way to actually find the 'best' option. We settled for [VBAL](https://www.vanguardcanada.ca/individual/indv/en/product.html#/fundDetail/etf/portId=9578/assetCode=BALANCED/?overview). Was this the best choice? I'll let you know 15 years from now. But, I can say this. During the recent market decline, we didn't lose any sleep.

k91te0

Score.to upside speculations?

Any ideas what their peaks might look like if the bill gets passed? I know there's a ton of potential and the bill is likely to move but if it doesn't there's real risk of plummeting so I'm curious if anyone has insights

CanadianInvestor

Sorry to ask something not related to bill passing... I'm no expert on sports apps, but I'm quite confused why the #5 ranking app company has a 675M market cap, comparing to say Draftkings which ranks at #13, with way less users, but has a 19B market cap. Does this mean SCR is undervalued or Draftkings is overvalued? Am I comparing apples to oranges?

bq77xm

Advice on "couch potato" portfolios?

20M, I started investing into my TFSA ($22,500) this year w/ WealthSimple to start off easily with a roboadvisor, but am looking to move to a DIY portfolio with Questrade so that I can start having more control over my investments (and lower fees). = I've heard a lot of good things about Model ETF Portfolios from Canadian Portfolio Manager and was thinking I'd start with one of the ETF models then branch out when more comfortable (i.e. take small steps). I'm not sure if this is the appropriate place to ask this (if not I'd appreciate if someone can send me in the right direction), but I can't figure out how to choose between: = >["3 Model" ETF Portfolio](https://cdn.canadianportfoliomanagerblog.com/wp-content/uploads/2019/03/CPM-Model-ETF-Portfolios-2019-03-31.pdf) [**TFSA:** ZAG VCN XUU XEF XEC] >^(Broke up XAW into XUU XEF XEC = Weighted Allocation MER 0.13% vs. 0.08%) >^(**Total Weighted Allocation MER = 0.11%**) >[Vanguard Canada Portfolio](https://cdn.canadianportfoliomanagerblog.com/wp-content/uploads/2019/03/Vanguard-AA-ETFs-2019-03-31.pdf) [VAB VBU VBG VCN VUN VIU VEE] >^(Broke up VGRO/VEQT = Weighted Allocation MER 0.24% vs. 0.16%) >^(**Total Weighted Allocation MER = 0.15%**) = From what I can tell, based on the back-tested numbers the performance is very very similar, but the average weighted MER for the "3 Model" is 0.11% as opposed to 0.15% with the Vanguard portfolio. On top of that, the Vanguard portfolio would require more effort to rebalance etc. **Why would one choose the Vanguard portfolio over the 3 model portfolio? Any suggestions on which I should go with?**

CanadianInvestor

The more control you seek over your investments will come at a cost. That cost is discipline. If you’re not disciplined and don’t stick to your plan, it will end up costing you a lot more than what a robo-advisor like wealthsimple charges. If you want the cheapest alternative of the “set it and forget it” style, look for TD e-series funds. You can setup a plan with TD based on your portfolio desires and they will make the purchases for you periodically. e-series funds are like ETFs but slightly higher fees. You also don’t get charged a fee for purchasing e-series funds with TD.

ei3vk6

Loonie - G10 Winner of 2019

The Canadian Dollar has outperformed every other major currency this year. Capping the year right near the 1.30 mark. Has it had any major effect on your overall returns? It is up almost 5% for the year. And anybody have a clue on where or might be heading...

CanadianInvestor

Not something to be happy about. Expect a poor GDP reading for Q4 - negative 2.1% currency impact for exporters. Also, there is currently a .25% differential between the 10y US government bond and 10y CA government bond. Bank of Canada will have to react quickly.

xkioy1

ETFs holding ETFs, am I over thinking fees/expenses as a downside?

Hi all, Possibly (likely?) a dumb question, but this has been nagging at me today... I hold a mix of ETFs and individual stocks, but do not hold any ETFs that primarily hold other ETFs... By way of example, I am aware of VBAL, VCNS but am put off, maybe unnecessarily, by the fact that these ETFs have expense ratios of .24% but hold other ETFs from the same issuer that have their own (lower) expense ratios ... Does this not seem like a double dip of sorts, a relatively high expense % for a fund that holds but a limited number of ETFs...? Wondering what the justification for this expense ratio is, seems high-ish for a fund that aims to maintain "balance"? Am I missing something? Maybe I'm just clouding my mind here, but some perspective would be helpful as I explore simplification of holdings... Thanks!

CanadianInvestor

Makes a difference for tax. https://canadiancouchpotato.com/2016/07/11/foreign-withholding-taxes-revisited/ "Finally, if you use Canadian-listed ETFs for international equities, look for funds that hold the stocks directly rather than through an underlying US-listed ETF. The “wrap” structure imposes a second level of foreign withholding tax that is not recoverable. To review the example we use in the paper, XEF holds its stocks directly, and Justin estimated its tax drag at 0.26% in an RRSP or TFSA. By comparison, VDU gets its exposure via an underlying US-listed ETF, resulting in foreign withholding taxes of 0.59%. (Note that Vanguard’s newer international equity fund, VIU, holds its stocks directly, so its tax drag should be similar to that of XEF.)"

3kadir

Interesting take on hedonic adaptation

I'm sure most people here are familiar with the concept of hedonic adaptation. I ran across an interesting take on it while reading Dan Ariely’s "The Upside of Irrationality." He describes how some experiments suggest that hedonic adaptation takes longer if it is interrupted, and that this can be a good or bad thing depending on the situation. Here’s an except: “A month before graduation, Ann lands an exciting job in Boston. As she looks forward to moving into her first apartment and being paid her first real salary, she makes a list of all the things she would like to purchase. How can she make her purchase decisions in a way that will maximize her long-term happiness?” “One possibility is for Ann to take her paycheck (after paying her rent and other bills, of course) and go on a spending spree. She can throw away the hand-me-downs and buy a beautiful new couch, an astronaut-foam bed, the biggest plasma television possible, and even those Celtics season tickets she’s always wanted. After putting up with uncomfortable surroundings for so long, she might say to herself, ‘It’s time to indulge!’ Another option is to approach her purchasing very gradually. She might start with a comfortable new bed. Maybe in six months she can spring for a television and next year for a sofa.” “Although most people in Ann’s position would think about how nice it would be to dress up their apartment and so would go on a shopping spree, by now it should be clear that, given the human tendency for adaptation, she would actually be happier with the intermittent scenario. She can get more ‘happiness buying power’ out of her money if she limits her purchases, takes breaks, and slows down the adaptation process.” “The lesson here is to slow down pleasure. A new couch may please you for a couple of months, but don’t buy your new television until after the thrill of the couch has worn off. The opposite holds if you are struggling with economic cutbacks. When reducing consumption, you should move to a smaller apartment, give up cable television, and cut back on expensive coffee all at once – sure, the initial pain will be larger, but the total amount of agony over time will be lower.” Side note: "Predictably Irrational," also by Dan Ariely, is one of my favorite books on behavioral economics. Highly recommended. Obligatory: No, I don’t know him or anything. I just like his books.

financialindependence

Good post. Tangentially related: I think it's helpful to remind ourselves how good we have it and compare ourselves to others in the world and in history, to make it eaier to be happy. Even if I'm already happy, it helps to keep perspective. There are others in history who would have killed to have what I have now. Even without thinking about other people, I can look at a piece of technology or a can of soup and think of all the complexities it took to put it all together for me. If I find myself falling further into hedonic adaptation then I sometimes think of that.

3hc0ju

Why buy rental properties?

A common trope that gets parroted here often is that you should buy rental properties for "income". Why not just invest in ETFs and mutual funds? Seems like less work and less risk.

financialindependence

I think it would have been more precise to say "a strategy that is often discussed here is..." I don't own income properties. If your analysis shows you are not compensated for the added risks and work then don't do it. Some people are skilled at picking good properties to buy and at being a landlord and being able to keep your units occupied. For small time people who can only afford one or two properties, they are leveraged, highly undiversified assets. These qualities together give the potential for huge gains and people are attracted to the success stories. The securitization of REITs cause them to behave more like stocks, diluting their diversification power. However if you have good reason to suspect you can keep the same good income from real income properties then there is real a diversification benefit.

s6s327

looking for advice on a savings account for children

Hi so this is my first post here, I have two children and our oldest (2 years old) has a future savings account with Nationwide (both my partner and myself are with Nationwide). However during the pandemic the interest rate dropped from 3% to 1%, we haven't made any withdrawals from that account and we haven't heard about it going back up. So we're looking at changing his savings account and setting one up for our 6 month old. Im hoping someone can help and give us advice on which is the best savings account for children.

UKPersonalFinance

A lot will depend on your appetite for risk but if the plan is to keep putting money away until they're 18/21, then a stocks and shares product should out-perform any cash-based savings account. Which one you go for will depend on what you want to happen to the money. A Junior ISA means that they get the money on their 18th birthday and there's nothing you can do about it. Holding it in your own ISA gives you more control, but that can have some drawbacks (eg, if you lose your job,.the funds in there could affect your eligibility for some benefits). In terms on what to invest in within an S&S ISA, it comes down to what you're comfortable with, but the prevailing view on here will tend to recommend a global index tracker.

kbgic7

Toyota battery tech could be the key to transitioning to EV's and leave Tesla in the dust

https://electrek.co/2020/12/11/toyota-electric-car-solid-state-battery-10-min-fast-charging/ A new report suggests that Toyota is going to unveil an electric car with a new solid-state battery that enables 10-minute fast-charging capacity next year. Toyota started working on solid-state batteries back in 2017 with plans to commercialize the batteries inside electric vehicles in the early 2020s. Now, Nikkei Asia is out with a new report about Toyota’s plans to unveil a car powered by the next-generation battery as soon as next year: “The technology is a potential cure-all for the drawbacks facing electric vehicles that run on conventional lithium-ion batteries, including the relatively short distance traveled on a single charge as well as charging times. Toyota plans to be the first company to sell an electric vehicle equipped with a solid-state battery in the early 2020s. The world’s largest automaker will unveil a prototype next year.” The report claims that the new battery will enable 500 km (310 miles) of range and charging in just 10 minutes. Edit: the Tesla fanboys are very much in their feelings right now.

investing

Don't be distracted with tesla ridiculous market cap. Toyota is still the big boy of auto industry. Lean and mean machine with unmatched production system. Just because you thought that they are all in on hydrogen means jack shit. They could be doing their RD behind closed doors for years. They are not meme Twitter Musk show.. It's focused business with perfect balance of risk and reward. They let tesla brake through that door and now they'll shot it in the back. Don't get distracted with technicalities about batteries. Their RD team knows what they are doing.. Toyota's reputation is as glorious as Apple logo. They wouldn't play with it.

4bud88

$180k saved at 26. Still cant afford a house. How would I go about finding an investor to manage the money for me make it grow while i sit on it and wait.

Houses in my area go for $1 million for a modest house in a modest neighborhood. While I'd be able to afford the down payment on a place, I cannot afford the monthly.

investing

https://www.bogleheads.org/wiki/Lazy_portfolios I recommend the three or four fund portfolio, however this is for retirement. If you plan on taking the money out in a year or two and don't want to take much risk, a much larger weighting towards bonds would be safer. Bogleheads.org is a great website in general for investing advice.

dmboqx

What’s with old people and Centrelink money?

A lot of old people (I see this a lot in the immigrant population) do this thing where they withdraw their bank accounts practically empty and leave a very very small amount in the bank. Apparently, they are scared that if their bank account balance is high enough this would compromise the amount they receive from Centrelink. Is this real or are they being a bit overkill? Like does Centrelink/the government monitor their accounts that closely?

AusFinance

If you're on unemployment and have more than a certain amount in your bank account they can and will stop payments, happened to my mum. They found out she had $1,000 too much money when she did her tax return, she was saving to repair her car but they wouldn't start the payments again until she spent the money and waited 8 weeks. It's stupid. But real.

rbeldy

IT careers

Hey everyone looking into a career change into IT, wanting to know in your opinion what's the best IT course to study. uni, self study, bootcamps etc Cheers

AusFinance

I have a Computer Science degree and I was a programmer for a year. I quit because I was utterly miserable and would take out my frustrations on my family. I enrolled at TAFE and got a Networking diploma and became a system administrator, which is way more comfortable. I get a similar salary and I do 1/10 of my previous workload. I actually enjoy coming to work. If you have the discipline, self-study can work, a few of my colleagues learned C++ and Java in their spare time. I have never seen somebody with a Bootcamp certificate through. ​ In my experience, the IT industry is generally understaffed so you should have an easier time getting a job, especially if you know more about computers and how they work than 95% of the population. Nepotism is also a huge bonus if you can utilize it.

q0qaka

Line between commute and travel for work

With all the covid changes of working i’m considering (like so many others it seems) to move out of the city to hopefully work on kind of a fifo schedule. It’s an office job but currently wfh works. The idea is to fly in for 2-3 days every other week and wfh the rest. I’ll habe to pay for flights and accommodation and my question is, if that will be considered travel for work and hence be deductible, or if there is a rule when it crosses the line to be commuting? Thanks for any thoughts and experiences!

AusFinance

Most of my career has had a component of travel and fifo, it’s not as fun as it sounds. It’s a significant time and cost impact on your life, especially if you’re paying. A 1 hour flight is min 3 hours of travel time door to door, you’ll be doing this on your own time. Regional areas don’t have frequent flights, so you may be travelling at weird times. You may have to fly down the day before and fly back the day after, so your 3 days in the office is 5 days away. I travel on work time but that often means early starts and late finishes to fit around flight times. Do the sums on costs, flights/transport/accom will add up. Regional areas typically have more expensive fights, you may find its 500-600 return which is all out of pocket. Add on transport and accom and you may be looking at up to $1000 a fortnight, plus 6-8 hours of lost time. Is that worth it? Only you can say. If this is a choice you want to make, spread out the travel is much as you can. Maybe aim for 1 week a month

cas38j

Yearly cost of apartment ownership in Sydney.

Hello all, I am putting out feelers to understand the ongoing costs of 1bdr apartment ownership in Sydney's Innerwest. Articles tend to suggest around 12k per year inc strata/rates/maintenance/ insurance etc. Which seems excessive. To all the people who own apartments what have you found your ongoing yearly cost to be?

AusFinance

Won't get much change from that. Studio I have in Sydney breaks down to about $4000 a year. Old building but well maintained, Sydney City rates. But basic. Add gardens extra lifts pool, possible strata levy and $12k can easily be hit.

k86nl0

Am I a noob for using Commsec to invest? Or should I be useing SelfWealth or something like Superhero for their low brokerage fees?

Basically title, I had trouble opening a self wealth account so I went with commsec. Also what is a HIN and where can i find mine? Thanks in advanced! :)

AusFinance

Why'd you have trouble? Happy to help you out! HIN = an ID that attaches all of your shares to you. You can move this HIN (and have more than one) to other brokers, meaning all your shares go with you. CommSec have a lot of features but charge more brokerage to pay for those. Up to you and depends on how you invest, really.

u0a3dr

24M, no responsibilities, want to make as much money as possible, what should I do?

Okay so title says most of it, I’m from south Melbourne not actually in the city. I have little to no responsibilities at the moment and am willing to move, work hard, uni etc to make as much money as possible for the next 10 years or so. What do you guys recommend, where is a good place to start? TIA Edit: Currently work as a PT but want a career/lifestyle change

AusFinance

Terrible mindset. You should focus on a field that you will be interested in and have a genuine passion for - that will then bring in the money. I work in a Big 4 Bank and I had the opportunity to speak to one of the top execs. He said he got to where he was not by chasing money, but by chasing experiences and doing the jobs no one wanted. Don't chase just money - because you will end up back in square one.

y5c32b

How to know your HECs balance next year around March/April.

So the ATO website doesn't update your balance until your employer makes the contribution (usually around June once a year). Many of us are contemplating paying off our HECs next year before indexation. I've been told by others that you can't ever know what is the balance as at today etc. I've had people call ATO and they also haven't been able to. So when next March/April comes along we wish to pay all of our HECS off, how do we know the balance. One strategy a friend advised was to see the balance on your ATO portal, then calculate how much you've paid according to prior payslips since near financial year. Is this seriously the best way? It sounds so unreliable to me. Does anyone else have any suggestions? Thanks so much in advance.

AusFinance

I can understand what you're saying. But since your HECS won't get paid until you lodge your tax, paying it off in March/April means you will have to pay the whole amount that you had due this July and then you will get what your employee has kept for HECS back in your tax return. For example: >You have $5000 HECS left July 2022. Your employer is keeping $3500 for the FY 2022-2023 for HECS You decide to pay off the excess $1500 HECS in March/April before indexation. Now your HECS value at indexation is going to be $3500 + indexation. Your employer pays the $3500 they would for the year but you would still have the indexation amount left. So if you have $5k HECS and you would pay $3500 this year through your employer. Just tell them to stop witholding for HECS and pay it outright before tax time

yb7z8b

Those of you who work 4 10's or 3 12's a week, what do you do?

Interested in hearing from people who work these types of shifts. We don't really read a lot from people who have this type of work schedule. What roles and industries are you in?, how do you like this setup?, what's the pay like?, recommendations for those chasing the same type of hours? etc.

AusFinance

Boilermaker by trade 7 days on, 7 days off, 7 nights on etc etc 123k base, but we have OT coming out of our ears, I made 200k last year I love the roster, wouldn’t change it for anything If you have a trade behind you, you’ll find work/roster/lifestyle virtually in any state, some states are screaming for workers

7p0ffe

Ark V2 offers up to 14.2k transactions per second

There will be transactions with multiple destinations you can do a lot of payments all at once. (Type 7 Multipayment) This will allow really high throughput (as payments per second) as you can do a lot of payments (2259 payments per tx) with one single transcriptions. With the current block size (50tx per block every 8s) you can do 14'228 payments per second. Block size might also increase. Check AIP 11 for details: https://github.com/ArkEcosystem/AIPs/blob/master/AIPS/aip-11.md Dynamic fees will be also there in V2 together with bigger TX sizes for even more transactions.

CryptoCurrency

Another thing about ARK that I don’t think is publicized enough: you can use your ARK to vote for a delegate and get paid weekly in ARK. It ends up being about 10% of your wallet value per year. I know folks who are making $600/mo just by holding ARK which will compound with any price momentum. Price remains pretty stable since there’s not a whole lot of hype. ARK has taken over as my main store of value in my portfolio growing by 10%. Sure those definitely aren’t parabolic XRP gains but it’s a great savings account!

wn9xum

Daily FI discussion thread - Saturday, August 13, 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

Got a friend who is mad at me since I make 50% more than him in the same field so I offered to get him a job. Handed his resume to my boss and he sent him a short email asking him a few questions. Probably would take about 10 minutes to complete. After which they would schedule an interview. No answer. Now my boss mentioned to me that he'd rather I not give him resumes for unreliable people. Friend claims he hasnt had time, but he's still had time to complain about how annoying his job is and wishes he could do my job. Theres just no helping some people I guess.

ma2l2o

Is AbbVie a yeld trap?

The title says it all. With 5% dividends now which is way more than it's 3.9% 5-year average and 181% payout ratio I'm afraid to buy it. On the other hand, they'll be a dividend king in a year Their debt/equity of 650% is also kind of frightening. I have 14 shares and they were good to me. But, maybe, it's the time to say goodbye?

dividends

I avoid them, there are dividend yielding companies with much stronger fundamentals. I think theyre significanty overvalued and the payout ratio plus the fact that theyre on the brink of being a dividend king leads me to believe that the yield is being purposefully inflated and proceeding at an unsustainable rate

lpe9fj

Should I be worried about $SPHD?

I have around $3,000 in SPHD that I contribute a few hundred dollars to every month and I also have the dividends set to re-invest. I was doing some research on the ETF and I saw that they have decreased the dividend this month slightly. The website also said their dividend policy was “decrease”. I am just curious if this means they are going to continue to decrease the div. and if so what is the reason and if my money should be in a different stock. For some more background I’m 18 and I actually invest slightly more in growth now but also try to maintain this side of my portfolio as well. Any help is appreciated, thanks!

dividends

I'm looking at Invesco's SPHD page, but not sure where it says there's a policy of decrease? Looking at the list of payouts from the last year I see it frequently fluctuating up and down within a fairly small range.

rim1zj

Is AT&T a Bargain at $23.65?

Earlier this year, anticipating inflation and a downturn, I put 20% trailing stop loss orders on most of the stocks I own and those have kicked in for several of the tech stocks I had. So now I’m sitting on a lot of cash - 28% of my portfolio - and I want to put some of it in dividend stocks to generate some passive income. Got any suggestions for me?

dividends

Although AT&T is reeling from losses resulting from the partial sale of DirecTV and the loss it will eventually book when it sells WarnerMedia to Discovery, the industry's headaches are more deeply rooted. What used to be near-monopolies have become commodity businesses. Consumers can purchase wireless service from almost any provider, anywhere. And, worse still, with Pew Research reporting that 97% of Americans now own mobile phones, the nation's wireless industry is nearing the point of complete saturation. That forces service providers -- wireless, landline, and broadband -- to be price-competitive, but that competition exposes cost inefficiencies that have been brewing for years. https://www.fool.com/investing/2021/12/17/should-buy-highest-yielding-dividend-stocks-2021/