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ph4fsw

What was the deal with 30Y Treasury bonds yielding 8+ percent back in the day?

Dang, boomers had it made - just buy 30y treasury bonds and get financial independence from the 8% or more yield they offered up through the early 90s. Why was it so insanely high? I've heard the long term bull run of the market is largely due to the fact that treasury bonds and interest rates are so low - nobody wants sub-2% on a 30 year t-note - that everybody is going stocks? It's wild when I read older finance books who talk about getting "at least 1 to 2% from basic savings account" lol.

dividends

I see better advantages now. I bought my first house In 1990 with a 30 year mortgage at 10% fixed interest rates. It was easy to find quality Certificates of Deposit at about 6%, but they typically expired in 3 to 5 years. So there were always trade offs. It was easy to figure out a future on a napkin based on the savings rates but those opportunities dried up slowly. Today the mortgages are amazingly cheap, but then again savings generate no interest so there is a very similar trade off. The main advantages of today is the available information on various investment opportunities and the low and no cost brokerage fees. I can buy 1 shares of a favorite stock at any time without a thought. These are some truly great opportunities and advantages today, and if the same opportunities were available back in the day the investment climate would be very different.

hl3i8c

Thoughts on FDHY - High Yield Bond ETF

I’ve lurked on this sub for a while and thought I’d finally ask a question. So I am a long term investor in my 401K and IRA I have a couple of brokerage accounts that I trade options and futures in. So I’m not a total noob. I had an idea a while back, since even HY savings accounts are crap and really don’t beat or even get close to inflation that I would move my savings to a long term, low risk brokerage account that focused on stable returns, with good dividends to make up about a 5-7% annual return. The reason for this was two fold, one I would like my emergency funds and long term savings to make a good return and I don’t need the money instantly. I can wait the 3 days if I need to cash it out. So, I set out and did a lot of research and landed on a couple of low fee ETFs. FBND & FDHY - both Fidelity ETFs with a positive NAV over the long term. They both pay monthly dividends. So I started out with FBND and held it for about three months up until the market crash. My thought for going with bond ETF‘s over the actual bond is the liquidity and the ability to exit at any time. My other thought was bonds are much more stable than equities. I found FDHY after the market and crashed and was able to buy and relatively cheap somewhere around $40 per share. It pays about a $.20-$.21 dividend per share per month. And is up already around between 3 and 5% depending on where the market wants to move. My second move was to put it in Coca-Cola, so half the portfolio is in Coca-Cola and the other half is in FDHY. Both roughly stabilize around the $40-$50 mark and pay a solid dividend unchanged since it’s open. My question is what are your thoughts around the strategy and what are your thoughts on these particular ETFs?

dividends

>HY savings accounts are crap and really don’t beat or even get close to inflation A year ago, I had a savings account with a 2.32% APY, so that beat inflation. Now, according to CPI we're at a .1% deflation rate so any savings account beats that.

kbcc21

Does T lose their dividend aristocrat status?

They didn’t raise their dividend this quarter, so I am wondering if they are going to lose the title or not. Someone told me they don’t lose it so now I’m confused

dividends

The monarchy names are a bit silly anyway. It's not really used in professional circles and has no bearing on a company's credit rating (someone else here said this and I echo it, as I've discovered it's true). A couple funds track it but they're in the minority. Nothing to worry about. Right now O increased their dividend by a tiny amount to keep up with the name but it has little material impact for most investors. Still nice and a good signal, but right now Exxon is paying out billions per quarter it likely shouldn't for the same reason.

qugbht

What’s up with O?

O Realty is only up 9.8% in one year and performing weakly the past few months. At under 4% dividend, do you guys see a reason to keep my shares? I have other investments doing wayyyyyy better. Thx.

dividends

I don't see a reason for you to keep the shares, sell them to me. But on a serious note, what is the issue? I bought O shares for the dividend and it going upwards. O isn't a growth play for me but a dividend play. I have other companies for growth plays. O still has growth to do though, I don't really have any reason to listen to the earnings calls but I still do. O is expanding further into the UK, Spain and forgot which other country so it still has a lot of room to grow.

uj6iyj

What does it mean Fed raises interest rates by 50 points?

I am not a financial professional. But I want to know what does this interest rate hike means. Is this means we are going to have a higher APY in our bank account and why my online bank saving APY still at 0.3%?

dividends

The Fed rate is often misunderstood. The Fed rate is a rate that the Fed charges banks for overnight storage of funds or when a major bank has to transfer funds overnight to another facility. But, this in turn means the banks have to pay more to operate, so they end up charging more for services. So by increasing the Fed funds rate, in effect, causes other rates to rise. But why are they still paying me 0.1% interest on my money? They pay you interest based on how much they NEED your money. The Fed printed and dispersed so much money into the financial system, that it is really overflowing right now. Banks don't need your money to make loans. So why should they pay you more when they are flush with cash. Savings rates will only begin to rise when either there is a need for your money or competition forces it. So we were literally at 0% in January. In March, the rate was raised to 25 bps (basis points), or 0.25%. Now, they raised the rate by 50 bps so the Fed funds rate is now 0.75%. A basis point is one hundredth of 1%.

lgesws

QYLD ELI5?

I’ve seen a lot of comments around QYLD lately, and I’m really new to this sub and stocks in general to understand the pros/cons. Can anyone do a brief ELI5 on it to help me better understand? QYLD Top Line Details: - Nasdaq 100 Covered Call ETF - $23.44 Share Price - 11.7% Annual Div Yield Price and yield seem to not move too much. What’s to prevent me from throwing $10k at and enjoying $1k in dividends every year? Or reinvesting those dividends back into it, and growing it over time? Honestly feels too good to be true and want to understand the catch! Thanks in advance.

dividends

I am not a professional I've only been researching online for less than a year. So, more and more people are becoming aware of all these stocks/companies which pay monthly dividends. Many people seeking dividend stocks are older investors who aren't interested in much risk. The risk involved in these stocks is that that 10%+ div yield isn't set in stone. Sometimes they can go up and down over the course of the year. If you websearch any stocks "TICKER + DIVIDEND" you can see their payout history to get an idea. [https://www.nasdaq.com/market-activity/funds-and-etfs/qyld/dividend-history](https://www.nasdaq.com/market-activity/funds-and-etfs/qyld/dividend-history) Another to look at which is RIDICULOUS is SLVO, at times reporting a 30+% yield. I'm currently holding 125 shares of that mostly as an experiment to see how it holds up over time. This is also due consideration for the fact that a "covered call ETF" is like a whole investment strategy on it's own. The price does not go up or down, because they pump the bulk of their profits into paying you that dividend. They are not for the investor looking to make "big gainz. " That said, there are MANY stocks which are currently yielding near 10% with monthly payouts that are not Covered Call ETFs. Some are business development companies, Real Estate Investment Trusts and other types of funds which work like the CCETF, but don't leverage covered calls the same way. The other thing to remember is that because of things like this the actual dividend yield reported by these companies is tied to the current share price. If the board says "we are paying 75 cents per share", but then the stock value plummets, you'll see that DivYield% go through the roof. [https://investinganswers.com/articles/when-high-dividend-yield-just-too- high](https://investinganswers.com/articles/when-high-dividend-yield-just-too-high) That said, this could also indicate bad market timing and thus a good buying opportunity. So buyer beware. I'm currently carrying 10 different companies with an average yield of 11.5% across like 8 sectors, and they're all setup to DRIP.. What I've learned SINCE, is that I should be doing this in a ROTH IRA, so that all my dividends are untaxed. Once my annual dividend payout has breached a certain threshold, I'm just going to set that up to be my automatic roth contribution. TLDR, what you are asking about is a totally valid strategy perfect for younger folks with spare cash and time to risk it on potentially unstable dividends. But instead of 10k into one such company I'd put 1k into 10 such companies in different sectors to make your portfolio more resilient to different market fluctuations. Then put it all on DRIP and walk away from it for a while.

op0dpb

Thoughts about these reported "top" ETF's (April 2021).

The below is from this source (April 2021), see [here](https://www.nerdwallet.com/article/investing/high-dividend-etfs). What are your thoughts about them? Below is a list of 25 high-dividend ETFs, ordered by dividend yield. Symbol / Fund / Dividend Yield / Expense Ratio $SDIV / Global X SuperDividend ETF / 8.56% / 0.59% $DVYE / iShares Emerging Markets Dividend ETF / 8.21% / 0.49% $SDEM / Global X MSCI SuperDividend Emerging Markets ETF / 7.65% / 0.67% $DIV / Global X SuperDividend U.S. ETF / 7.38% / 0.45% $EFAS / Global X MSCI SuperDividend EAFE ETF / 6.25% / 0.56% $DEM / WisdomTree Emerging Markets High Dividend Fund / 5.63% / 0.63% $FGD / First Trust Dow Jones Global Select Dividend Index Fund / 5.60% / 0.59% $IDV / iShares International Select Dividend ETF / 5.58% / 0.49% $WDIV / SPDR S&P Global Dividend ETF / 5.31% / 0.40% $DVYA / iShares Asia/Pacific Dividend ETF / 5.21% / 0.49% $FID / First Trust S&P International Dividend Aristocrats ETF / 5.16% / 0.60% $WBIY / WBI Power Factor High Dividend ETF / 5.07% / 0.70% $VWID / Virtus WMC International Dividend ETF / 5.06% / 0.49% $FDD / First Trust Stoxx European Select Dividend Index Fund / 5.02% / 0.58% $PEY / Invesco High Yield Equity Dividend Achievers ETF / 5.01% / 0.52% $FIDI / Fidelity International High Dividend ETF / 4.98% / 0.39% $DTH / WisdomTree International High Dividend Fund / 4.82% / 0.58% $EDIV / SPDR S&P Emerging Markets Dividend ETF / 4.81% / 0.49% $DEW / WisdomTree Global High Dividend Fund / 4.77% / 0.58% $FDL / First Trust Morningstar Dividend Leaders Index Fund / 4.71% / 0.45% $HDEF / Xtrackers MSCI EAFE High Dividend Yield Equity ETF / 4.66% / 0.20% $DWX / SPDR S&P International Dividend ETF / 4.66% / 0.45% $HDAW / Xtrackers MSCI All World ex U.S. High Dividend Yield Equity ETF / 4.60% / 0.20% $DHS / WisdomTree U.S. High Dividend Fund / 4.54% / 0.38% $RDIV / Invesco S&P Ultra Dividend Revenue ETF / 4.53% / 0.39% Data current as of April 2, 2021.

dividends

I don't own any of these and probably won't research many of them, but in general with emerging market funds (as a lot of these are) i go right to the breakdown by country. over \~10% in china/chinese states is an automatic no from me. SDIV is 28% china/hk, DVYE is 35% china/taiwan, SDEM is 40% china/associated states, etc. just be careful with funds that are giving sweet dividends based heavily on chinese equities, a lot of people overestimate the quality of chinese companies, their rights as shareholders in those companies, and severely underestimate the risks (cough cough evergrande cough).

jlzvvh

Tax season

Hey does anyone have experience with using turbo tax or H&R Block with their Robin-hood taxes? If so, do you suggest I go with doing it online through one of those companies or finding someone in person to sit down with? This will be my first time filing for dividends this upcoming tax season so I’d like some guidance from experienced investors. I’m sure this information has been spoken about before but I just recently joined this thread. Any and all advice welcome. Thanks in advance!

dividends

I have used Turbo Tax for over a decade but I don't have Robinhood. TurboTax allows me to download all of my trading data from my broker so that instead of spending hours inputting trades and dividend payments, it all happens in seconds.

r63byj

The trend is your friend

Since 1996, the Dow Jones Industrial Average has ended with a monthly loss only nine* times. That's a solid 64% over the past 25 years. The majority of losses in December have been under 1%. The only real nightmares have been before Christmas 2002 had a 6.3% drop and the notoriously bad decline of 9.5% in 2018, Overall December averaged 0.95% gain in the past quarter of a century. That puts it in the top end of the historically best-performing months. Ignore the talking heads and follow the trends. As I said the trend is your friend.

dividends

yes. because historic performance is indicative of future performance right? ​ i'm not saying you're wrong. i'm saying that you're probably right for different reasons than arbitrary numbers on a calendar

jn3ly7

QDo you think Ford (F) will restore its dividend?

I bought 100 shares of Ford, I liked the steady dividend it offered and thought $15 bucks a quarter looked alright (with 100). I bought 50 before the crash at ~$10 and the others after to mitigate that loss at ~$5. Im currently positive about $50 and am wondering if I should wait it out for the dividend to come back or pull out. Thoughts? Thanks im pretty new to all this.

dividends

It's going to take a little while longer. Their new CFO made a comment on dividends (a few days ago) and said they are closely monitoring it. They did surprisingly well last quarter - they made 9-10% profit on each vehicle sold, which is a good sign (they usually make 2-4%/vehicle profit before the pandemic). I suspect if Ford does well with the upcoming launches of their new F150, Mach-e and Bronco, they'll probably reinstate their dividend payout to share holders. But it's a big if - personally, I think they will do well from their lessons learned of the botched Explorer launch.

q39hwr

Dividend stock profit

Wanna get into dividend stocks to make passive income, looks incredible and life changing. But I don’t understand when people say the price of the dividend stock goes down when the dividends are paid so you’re not actually making anything? Is there truth to that? Thanks

dividends

Why would you let a single day event rule a long term strategy? In all likelihood, the stock is going to do the same damn thing in three months, forever. Or, monthly, if it pays out dividends that way. What matters is dividends plus gains. That’s what ends up in your pocket. I buy dividend stocks because I believe that regular dividends show a history of competence. You can fake an orgasm but it’s damn difficult to fake the quarterly dividend. If the day to day stuff matters more, just buy lottery tickets and booze. Occasionally you’ll get lucky.

zr6ujb

One Piece of Advice Share

People over 45 or retired! What is one piece of advice you would give to someone either starting out dividend investing OR people early in their journey?

dividends

You are not the smartest guy in the room, so don't try to be. Get out of your own way when it comes to investing. Keep it simple and stick to the plan Second I would say. Make sure you find a partner in life that is on the same page as you when it comes to money. Finance is the number one cause of divorce in America. Have a teammate that works with you towards a common monetary goal. If you are not on the same page, don't marry. Stay out of debt and live below your means.

wp6doq

How many are JUST buying into SCHD?

Like the title says, how many on here are just buying SCHD instead of individual companies? As a 21 YOF who just started their first full time job, I am stuck wondering if I should be individually investing in dividend stocks, or would it just be easier/and quicker(?) to just invest in ETFs? I currently hold positions in MO, F, INTC, SCHD, and SWPPX. I automatically put $100 into SWPPX monthly, and then I automatically deposit $100 weekly into my random dividend account to invest in different stocks. Should I just be sticking that weekly $100 into SCHD instead of buying individual stocks?

dividends

it depends on the person. there is nothing inherently wrong with having a portfolio of 30 companies, but the issues start to pile up. Index investing changed the stock market and investor access forever. I barely look at my accounts on a weekly basis and sleep very well making blind deposits into my index funds

iq2ce8

The beginning of the end for XOM?

I’ve been counseling many dividends investors to exit XOM for some time now (here in the sub and elsewhere), and it looks like institutional investors are finally starting to see the writing on the wall. Exxon Mobile is one of only oil companies that has stubbornly dug in and not started a meaningful transition to renewable energy now that BP finally announced a *massive* shift last quarter. Should you remove XOM from your portfolio? I don’t know. But if *you* think you should, you’d better do it soon. If they slash that dividend, the stock will plummet. My guess is a 60-70% div cut followed by a 30-40% drop in market cap as investors exit. https://www.cnbc.com/amp/2020/09/09/options-market-predicts-exxon-mobils-dividend-could-be-in-danger.html

dividends

You see a price of what 20-25 a share for them then? I own quite a lot of xom and am holding. I bought at near the lowest and will see where it goes. I’m finding it odd. This whole oil is dead thing. Have we seen the highways recently? The boating? All of us working from home in a cold winter plus offices with 2 people use same heat as a full office. Oil not going anywhere and to think Tesla fan boys or something else is taking over now or anytime soon. Is wrong

vq6kdz

Will be just starting with dividends....

I have absolutely no clue when it comes to dividends and unfortunately I’m not starting out at a young age. So asking for a little advice. Within the next 12 months I will have $20k that I would like to put into the market for dividends. Now here’s where it gets a little tricky. I will not need the dividends for 5 years. After 5 years, there is a good chance that I may need to take my dividends in cash to help supplement my income. I have a brokerage account that I have been putting $25/week into for the past two months. I have not bought a single thing. Is there anything I can buy that has weekly dividends? Is that even a thing or am I looking at monthly? Quarterly would be ok too, but I’m thinking in 5 years that it wouldn’t be so helpful to me. Also, any help with where to find listings of companies that have dividends would be appreciated.

dividends

To be honest, picking stocks on dividend payment frequency is really not a good idea. You really want to pick dividend stocks, like any other stock, based on fundamentals. Earnings, payout ratio, cash flows etc. The last thing you want is for a company to cut its dividend or pick a stock that declines to an extent that it wipes out your dividends for years. If you are hell bent on getting stocks that pay more frequently than 4 times a year the there are some REITS like STAG, ADC or O that do pay monthly. There are also ETF's like JEPI that also pay monthly but they use option income and the distribution can fluctuate month to month. Be careful chasing yield and dividend payout frequency. I know it looks good on paper but it can backfire very badly.

85ow78

Three new rule changes on /r/Cryptocurrency

Today we are announcing three major rule changes that will be rolling out here on /r/Cryptocurrency. Over the past few months, as cryptocurrency boomed and attracted new attention, this sub swelled with hundreds of thousands of new users. While this was a rather exciting event, it also came with some challenges, and we realized: 1. This sub is frequently under attack from professional manipulation groups who use FUD, bots, and other manipulation attacks to mislead the market. 2. Our current rules have a number of gaps that lead to clutter, and types of posts that are easily manipulated. After receiving confirmation from the Reddit Admins, of numerous professional and highly-orchestrated manipulation groups being identified, as well as having the Reddit Admins site-ban more than 800+ manipulator accounts in a single day, we set about to make a series of rule changes that we believe will combat these challenges. The following rule changes will be “soft-enforced” starting as of today. The “soft-enforcement” will mean that any post violating these rules will be removed and users will be warned about the infraction, but users will not be banned while we rollout the new rules unless there are intentional repeated infractions. The soft-enforcement will last until April 2nd, at which time these rules will be enforced like any other rule set. **Rule Change #1 – A new sub for Cryptomemes** Media and comedy posts are great, but we repeatedly face two challenges: 1. Users abuse the grey line between what is/what is not a comedy post in order to shill or spread FUD. 2. Comedy posts and memes flood the front page, and prevent valuable news and discussion from thriving in this community. For this reason, we’ll be removing comedy posts and memes from /r/Cryptocurrency and redirecting them to our new sister-sub /r/Cryptocurrencymemes This way users can choose between a more serious sub, or enjoying a crypto-themed memefest. **Rule Change #2 – Refining the Definition of “Low Quality/Off-Topic Posts” to reduce spam and shilling.** /r/Cryptocurrency was designed for important and relevant news about multiple cryptocurrencies, as well as news and detailed discussion about the cryptocurrency community as a whole. While there are often times that posts about a single-coin are merited here, there are a number of types of posts that aren’t value-added enough to the entire community to be posted here instead of on a coins home subreddit. Unfortunately, professional shilling and manipulation groups use a frequent flow of low-quality posts about a coin to try and promote their interests. This action is ultimately misguided, while the goal is to promote their coin to adopt more users, their coin just becomes seen as spammy by the larger crypto community and it ends up hurting everyone involved. In order to reduce spam and shilling attacks, we’re going to be prohibiting a number of types of posts from being standalone posts in /r/Cryptocurrency – these types of posts should now be posted in the “Daily Discussion Thread” or on a cryptocurrencies home subreddit. (Note: These rules are considered non-exhaustive guidelines. There may be times when a post that falls into these categories is in fact relevant enough to the cryptocurrency community as a whole, in which case a moderator **may** choose at the discretion of the moderator team to allow it as a standalone post. This will be a very rare exception.) * Public figures posting about coins on social media. * Anyone’s holdings or portfolios other than your own. * Individuals joining boards, foundations or as advisors. (Exceptions may be granted if prominent mainstream figures were to join a board, such as if Bill Gates changed his mind about cryptocurrencies.) * Pre-announcements or announcement teasers. * Foundations, teams or developers, meeting with companies, governments or agencies. (Exceptions: We will allow it if there is an official statement of a formal partnership from the company or government entity. Not from the foundation or team.) * Foundations, teams or developers, partnering with another company. (Posts will be accepted for mainstream companies, when the partnership is formally acknowledged by the mainstream company.) * Projects being accepted into incubators, accelerators, or startup hubs. * Changes to logos, brand elements, or names that do not include other major newsworthy changes. * Investments in coins, teams, projects or foundations. (Exceptions: We will allow these posts when there is an official statement or press release, from a venture capital firm, private equity firm, or mainstream investment entity (bank), confirming their investment in the project.) * Guides on buying, configuring, mining, or trading specific coins. These are best kept in a coin specific sub-reddit. * Companies accepting a new coin type for a payment. (Exceptions may be made for Fortune 100 companies, and unicorn startups that would signal mainstream adoption) * Coins, tokens or projects being listed on exchanges or having new pairings listed. **Rule Change #3 – Prohibited Posts that harm our community.** Furthermore, while the post types above are ones that can live in the Daily Discussion Thread, there are a few more types of post that we want to clearly highlight at not welcome on /r/Cryptocurrency any more. * Threads that attack or otherwise harass specific people or users. * Links to blogs or crypto "news sites" that are low quality re-posts or aggregators of other people's content. * Threads or posts that are aggressive attacks, or bias statements that do not promote quality discussion (Example: "That coin sucks, it has no future!") * Unfounded rumors without citation. These rules may change and evolve substantially over the coming months in order for us to strike the right balance here within /r/Cryptocurrency – we encourage you to provide your feedback about these rules in /r/Cryptocurrencymeta and help us continue to build a great community. **Final Note:** It’s been a bumpy few months of growing pains here at /r/cryptocurrency and we want to thank the community for their support and patience as we continue to work toward a smoother experience for everyone. The goal of these rules is to ensure that /r/cryptocurrency continues to thrive as a place where people can come, learn about new projects, learn about industry news and get involved in thriving, detailed discussion about cryptocurrency as a community. The attacks of shilling and FUD have harmed the cryptocurrency market as a whole. We’re far too quick to judge, and attack one another based on simply the holdings of our wallets. As a community, we’ve let ourselves be played by manipulators and we’ve allowed ourselves to forget that cryptocurrency is in its infancy still and not projects that can stand alone. In the end, we all win when we stand together as a community, and engage in respectful and impactful discussion. We hope these rules continue to push us towards building this positive community that can be a shining example that encourages people from the mainstream to take another look at the world of cryptocurrencies.

CryptoCurrency

While I applaud such new innovation and visible progress, I would also appeal to the Mods to be considerate of users here. There is a reason the Crypto memes usually hits the Subs Frontpage; and that is because in these scary and saddening times, users utilize them as a good 😊 means of reliving stress. User behavior that is positive should be encouraged not stymied. Also, in the Past few weeks, we have seen lots of tech companies playing God in believing their basic tech savvy audience is stupid and cannot make a wise investment on their own, thus banning Crypto Ads. This is preposterous and highly sad as an average Crypto investor is more tech savvy than a large proportion of the Internet as a whole. So I would like to appeal to our gracious mods, that in carrying out your duty, please do not try to act or play God but allow organic conversations to foster and not loose faith in the power of the powerful upvote / downvote system of our benevolent platform - Reddit.

277mpd

Wanted to share a quick story of my recent trip to Paris...

Just got back from Paris and wanted to share this with everyone as I thought it was pretty cool. While vacationing in Paris, I stumbled upon a bar in the back streets of Paris one night and I saw that they accepted ‪Bitcoin on the window. When I got inside, I ordered a beer and some other drinks and I was messaging my friend on facebook back home in Miami at the same time telling him that I was about to pay in bitcoin for some drinks I just ordered. Shortly thereafter, he responded and told me to send him the public address for the tab and he would pay for it instead. After my friend sent the btc, the bartender held up his iPad and showed everyone else sitting at the bar the confirmation on his ‪#‎blockchain‬ wallet and explained in French what had just happened; everyone freaked out and tried to wrap their heads around it. They were stunned that someone in Miami just paid for my drinks instantly while I was in Paris. The bartender/owner gave me a hug and a free shot and I was smothered in drunken high fives by the others in the bar...all of this because of a paid tab...oh and ‪‎History‬ was just made. ‪ TL;DR: Friend paid for my drinks at a bar from another country. Pic link: http://imgur.com/5yZC4iD Sof's Bar in Paris: https://www.facebook.com/pages/Sofs-Bar/186530834694794

Bitcoin

Actually this is a very nice safety feature for the future! Since you are not carrying any money and not even the option to pay, only thing you can do is take a QR code and ask someone else pay, there is no way to get robbed on-site. Except for getting taken and being asked for ransom that is ;) If you don't want someone else, you can also have your external payment provider have a spending limit which can change anytime easily, but only from certain locations (@home or @work for instance). Or an automatic limit when your not at home. Endless possibilities!

lgac3y

Never heard of WSB, my Reddit Account was rarely used. Why did I buy GME and HOLD? Why am I here now?

**I'm an Old\[ish\] Guy** I don't even know how Reddit works. I've got a friend who tells me I'm crazy for being a part of this. But I've been through a whole host of crazy market events: * *Dotcom crash* * *9/11 crash* * *housing crash* * *COVID crash* * *and now, the meme stock short squeeze* Financially, I've made out well in every scenario for being a contrarian (financially disciplined and often betting on the long term upside during short term catastrophes). Here I am, again taking a positive position with contrarians. This time against the notion that Gamestop as a company is done. Against the notion that it should be shorted into oblivion by the Hedgehogs. Against the notion that "smart money", that those with immense financial resources, always win. Against the notion that the system is rigged against the retail investor, from the days E\*TRADE was airing ads of the retail investor throwing bricks through bulge bracket firms' windows (cannot find a link to this commercial) to the days that RobinHood made a similar marketing promise. **What We're Up Against** It's hard to imagine the scale of the money involved, so I'll give a hypothetical example. For a sense of scale, if I had 10 billion dollars on one side of a stock trade, and the slippery morals, I could put out $1,000,000 contracts to have FIVE THOUSAND GME apes assassinated, and still come out with $5B remaining. If you have doubt about short ladders, media manipulation, character assassination, brokerages restricting trades, or LITERALLY ANYTHING ELSE being possible, I hope my example illustrates what else is possible with that much money. **Wisdom and Typical Behavior** Having been through all of the above, I know that people in power do EVERYTHING they can do to maintain it, legal or no, ethically shady or no. And--to their advantage generally--the mob is like a flock of birds, each following the tail feathers of the one in front of it. Sometimes people in power harness this truth about groups of people, sometimes they attack it. We've seen a little of both in this situation. But what's unique here is that there are many birds in this flock that fly North in the springtime because they have a strong Reason to. **Fundamentals of the Company vs Fundamentals of the Market** I may not understand the intricacies of the market, I may not know all the factors that tie a share of a company to the fundamentals of the company. For the most part, I agree with Mark Cuban that they are these days much divorced. But...I do know how supply and demand works: people who buy GME and hold own the supply, people who shorted the stock are saddled with their chosen demand. That's a fundamental of the market that was exposed by this movement, and its effect is undeniable. **The Trade** When I read about WSB buying GME and others because the meme was funny, the nostalgia was real, and the short squeeze was possible, it appealed to me. I took a < 10% percentage of my portfolio and moved it into GME, AMC, and BB (in that order in percentage, and I've consolidated those positions into GME fully since in order to focus). I categorized the trade mentally as a "do or die", that is it either moons or flatlines (binary trade). Thus, at the onset my goal was set. **This is the Way** I had a gut check when GME went over $400, because like many others, it was a huge return. I also had one last Thursday when the price sunk to $140. But I didn't sell out, because that wasn't my reason for the trade in the first place. As a do or die trade, I will hold it long after the memes stop coming, the nostalgia wanes, and hopes of a short squeeze fade...or until my patience allows me to watch it moon. Why can I hold rather than "cut my losses"? Because it was a binary trade from the get go. There was no loss limit. I'm financially disciplined and that's the decision I made at the onset when I chose to do it the diamond hands way, the autist with retard strength way. **My Reason** And while it's funny AF to be a part of this history (I bought shirts for my fiancee and her boyfriend, and I contributed to the commercial GoFundMe, and now I've even dusted off my Reddit account to attempt a post), there's a deep source of my retard strength: Reason. No, not reason as in it is reasonable. Quite the opposite. I'm stubbornly unreasonable. My Reason is that I bought in because I've also seen a lot of vampirism of the ultra wealthy on those who get by. I witness the parasites of Wallstreet hoover trillions during the aforementioned market events while the rest of us paid for it. I've seen student debt requirements and interest rates rise drastically all the while. I've seen the media bought and paid for and weaponized against us a hundred times over. I've seen money change hands for a pandemic relief that didn't relieve those truly in need of it. I've seen countless efforts by regular people to take away the controlling levers the ultra powerful use to prey on them squashed. Over and over and over again. I've said, "It's not right, but it's the way of the world" and, "If you cannot beat them, join them" tens of times if not hundreds. Be the world as it may, when something isn't right, you call it out for what it is. And sometimes, when you can, you devote a bit of your own small share of power to it. That's my Reason. **I Hold.** Don't waste your "concern for me", don't try to tell me about the "next Reddit trade", or try to tell me about any of the other misinformation campaigns out there. Ultimately since the strength of the GME short squeeze relies on people holding, efforts by bots or shills--it makes no difference--to get those holding to sell are in essence advocating for the other side of the trade. Moon or die, I won't be on that side of this trade. **"I HOLD." -- me, every damn day since this started.** In fact, I bought more today. ***TL;DR: I went into the trade with eyes wide open as a high risk, high reward trade. I usually don't take on these "bets", but this one resonated with me because of the vast amount of class injustice I've witnessed in my life. Doesn't sit right with me to either sit on the opposite side of this trade or on the sidelines. So I hold moon or die. Naysayers can GTFO of here.*** *Obligatory: I'm not a Financial advisor. I just an autist holding with retard strength despite all the reasons since I have my Reason. I hold enough GME to buy a decent used car (not a used Lambo though), and a smidgen of AMC as of yesterday.*

Wallstreetbetsnew

And you, good Sir, are a big part of the reason why _I_ am here. And I believe I am not alone. For me, this bet was not on the short squeeze (that has not yet happened) or on its numbers alone, but on the educated gut sense that there would be many an ape out here with similar if not identical reasons - and that these motives would be lost on the short sellers entirely. When your opponent understands only greed and greed alone... _your_ values only need to run one step deeper to beat them. United we stand - retarded we HOLD! ...and may there be tendies for all.

fj9a9e

r/WallStreetBets will be going private at 1 million subscribers (~3.7k away)

First and foremost, I would like to take this opportunity to personally thank every single person on WallStreetBets for their undying support over the years. Whether you post here everyday, only lurk, or visit occasionally, your loyalty has helped this community grow to on the brink of a million subscribers. It seems like only yesterday that the subreddit's banner was [celebrating 300k subscribers](https://i.imgur.com/3aXPJ2f.png), and here we are nearing an historic milestone. Similar to our adolescence passing in the blink of an eye, I'm still shocked by how quickly this moment has come. None of this would have been possible without all of you guys and gals. The recent surge in growth has sparked many complaints from the regular members. Many of which have chosen not to post or comment as often due to the decline in quality of both comments and posts made by new members. Change was demanded, and many users have even called for drastic actions to help keep the spirit of the subreddit alive. As such, I regret to announce that WallStreetBets will be going private at 1 million subscribers. This decision was not an easy one. Founder of WSB u/jartek and the rest of the moderator team have discussed this at length since December of last year, with not much progress being made until recent events. We may or may not open to the public again, but you do have a chance to still view the sub once we go private by following the instructions below: ___ #If you would like to continue viewing r/WallStreetBets once it is private, you must be an approved user/submitter. #We are limiting the number of approved users to 50k, or until we reach a million subscribers, whichever comes first. #Comment below to be added to the list. Do not message the moderators, whether individually or by modmail, to be added after we go private. Your request will be ignored. Thank you again for everyone's support.

wallstreetbets

Gay but understandable, please add me and if this is a trick to purge then hmmm suck my balls Edit - Something about capping it at 50k makes me very suspicious of this post, going from almost a million to 50k is one hell of a drop. Purge is likely haha unfortunate I commented ah well fuck it

wjid5s

Yolo'd almost 10k into BBBY 10 minutes ago. This is my first serious trade

I feel like I belong here. ​ I should also mention that I am from a ((poorer)) slav country, 10k is all, essentially. ​ I am not completely rarted and put in a stop order too. I believe this makes me a professional trader ​ ​ https://preview.redd.it/nk5u9vuqnjg91.png?width=913&format=png&auto=webp&s=b4d41ba229318e3d2b928919d0f8073c59c5fce1

wallstreetbets

Nobody tell him. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*

x85qh3

If I've committed to wheeling a stock, any reason not to run straddles on it?

T for example I want to accumulate shares already have 200 so sell 2 cc plus a csp (both 30 delta positions) Seems straight forward for extra premium other than locking up the cash from the CSP. I "win" either way by being assigned, shares called, or both sides hitting profit target and closing near expiry. What am I not thinking about

options

You’re confusing a straddle and a strangle. Straddle is selling a call and put with the same strike. Strangle is selling a put at one strike and a call at any strike higher than that. You want to sell strangles. Other than the terminology, nothing wrong with the play if you’re happy to accumulate more at the put strike and happy to sell everything at the call strike.

otwilu

Nearing fatfire - two offers - which one to take ?

50M. \~6m net worth excluding primary residence. I have two job offers a) startup offer - good group of guys and work is interesting. Pay is decent and equity that may or may not become something. Risk is startup may go bankrupt. b) faang offer - Pay is 2x of startup. Interesting field AI/ML. From outside it is hard to gauge how much I will enjoy the work. FAANG offer lets me get to Fatfire sooner. Any insights from someone who wrestled with something like this and now has hindsight ?

fatFIRE

I have been in your shoes and done both. With what you are describing, I would take the startup offer any day of the week. Difference in culture and the ability to contribute to more meaningful work is alone worth it. You are not 30 anymore with the patience to grind it out with big company politics. You only live once, do something fun since you are already set for the most part unless you have crazy expenses not revealed here. Startup years will always be orders of magnitude more enjoyable than FAANG. In the end our startup got acquired but didn’t end up as well we had thought and those 5 years at a FAANG would have netted me an additional 1-2M. I would still do the startup in hindsight. You will have stories and relationships and most importantly, have fun working. You are 50, you deserve to have fun with your work. It will be work but if you are working might as well do something meaningful than coast through your job at a big company for the paycheck. You don’t need the FAANG job.

98wngl

Net worth Allocation

Hey all, I have a general question that I would really like to get this communities perspective on. My profile: 32 years old, married w/ kids I make about 350-500k/year as an commissioned employee (Canadian). I also build houses on the side to sell and to keep as rentals. In recent years it probably averages to income or NW increase from activity of building of approximately 200k/year. This income is either corp (taxed much lower) or is kept as a revenue property so not taxed at all (for now) I have about 200k invested in the stock market. 50% equities via direct investment and 50% in ETFs which are essentially equities as well. The other 2M over my 2.2M net worth is essentially in real estate. Houses I own are worth about 5M and I owe about 3M. My rental income covers ALL of my mortgage payments and property costs. My question is, what sort of allocation would you suggest to keep in real estate and what portion of my net worth should be in stocks. Any other deeper insights or thoughts are welcome as well! up until now I have basically been all about real estate and it has gotten me to where I am. While I want to get my NW to 5M by 35 and 15M by 40, it may be time to start playing a little bit of defense instead of ALL offense? RE market is getting a bit iffy as well with interest rates climbing.

fatFIRE

You aren’t going to double your net worth in three years by playing defense. Also to get to 15M five years later you will need to keep your foot on the gas. Unless you are buying companies with rapid growth and great picks you aren’t going to increase your net worth faster than you already are in real estate. That said In my mid thirties I backed off real estate and put money in the market to grow. My thought was I wanted to live off of market income and rental income. So far the plan is working just fine as both assets are growing. I didn’t want to keep building more and more rentals because I wanted to keep my life simple enough and spend time with the family. More money is just more money if you don’t need it, whereas time is a dwindling asset. I’m off to go tuck my little girls into bed.

v4i9lr

Pre-children fat travel

We are planning on having children in the next year or so. We’re trying to think of trips we can take that would be difficult or less fun with kids. What fat trips do you wish you took before kids?

fatFIRE

Look at it from two points of view. Travel is different at different ages. What I did from 18 to 24 was very different from 25 to 29 and again different when I traveled in my 30s and then 40s. If you're in your 20s now would be the time to go hit up the world's greatest music festivals for example. I hitchhiked across huge swaths of Africa when I was younger. I had money at the time but there's not a chance I'd do that in my 40s. Maybe you want to ride your bikes across the Eurasian Steppe or trek in the Himalayas. I saw no old people doing that except locals. Some of this is due to age and some money but kids will stop you dead in your tracks for a number of years from doing any significant travel without them. Do things young when you have the knees, back, patience, fortitude, and health to enjoy it and quickly recover. Then there's being a parent. It changed me. Things that can kill me are off the table. Better said, as a parent you worry instinctively about your kids every second of every day for the rest of your life, and part of that is not putting yourself at risk of not coming home. If you want to scuba dive the sardine run, sky dive from one NZ island to the other, hike in remote regions of the world, see exotic animals in the wild like tigers in the jungle, or otherwise get off the grid where your body would never be found, do that before having kids. You can do safaris and see Antarctica in luxury as a geriatric. If you want to go camping in the middle of Africa with lions surrounding your tent? Do that before kids.

btrnb6

When to hang out your own shingle?

For those who started their career in a corporate setting but went on to go into business for themselves (for my purposes, in the same field), how did you know you’re ready? I’m in a niche consulting industry and want to do the same work but reap the full benefits (and assume the risk). Since this’ll probably come up: I do not have a non-compete. If it makes a difference, I’m not FI yet, but I have enough assets to float myself a few years.

fatFIRE

Try to land a client or two before you leave. The more you can glide from one into the other, the better. Also don't shit where you eat. This means: find your own clients outside of the ones you're already talking to at work. Customer acquisition will be something you have to figure out anyways, better to start while you still get a paycheck.

mccbck

How and when to use cash fund when FatFired during market downturns?

Using a 3% SWR (or 2.5% might suffice), I’m planning to have around three years‘ worth in cash to use during market downturns. My question is, how and when does one go about using this? Say I sell from my VTSAX quarterly for the income I need, when do I use cash instead? When the market hasn’t gone up sufficiently since the last quarter? When it has gone down x amount since the last quarter or the beginning of the year? When VTSAX’s price is lower than some previous benchmark I set? Some other metric? Given the projected anemic growth of the stock market over the next decade, does this change anything in regard to my question...as in, with much lower growth in many years, will that change when I access the cash? Also, if I go through a period of using the cash, how best to replenish it? Once there’s another bull market, take out x amount more than my income withdrawal each quarter to put into the cash fund until it’s topped up? Some other method? This would obviously require increasing the percentage of my withdrawal rate for a while. Appreciate any thoughts.

fatFIRE

That’s a lot of cash so you have a big safety buffer anyway. But the most difficult retirement cohorts were 1929, 1968, and 2000. So look at what happened to the market over the following time periods from those dates. The huge Great Depression collapse (including the double dip), the awful early 1970’s, and then the tech bubble and subsequent lost decade for US stocks. Periods such as those are the threats to your retirement, but all of them would have survived with a 3% SWR. But yeah if stocks plummet 25% or something over a quarter then you need to switch to cash. A temporary ten percent correction isn’t a threat. I’m not sure if this question is directly addressed, but Google ERN’s Safe Withdrawal Rate series for more info.

95z400

Hawaii or stay in the Midwest?

I am 46 and my wife is 36.  We are planning a move from Indianapolis to the Big Island.  We absolutely love the state of Hawaii and it is where we want to be. The question is "how much home to buy?" especially if I am shedding the corporate grind (i.e. the bulk of our w2 income).  I will very likely trip into a way to make money over there ... but not on purpose.  My wife is aiming for part time work in a bank to get the Medicare/Social Sec credits she still needs. We now have a net worth of $2.8MM, $2.75MM is invested in (mostly) index funds. We love the outdoor adventure possibilities of the BI and see it as a shrewd investment now that Maui, Kauai and Oahu are sold out (lava notwithstanding!). Living in Hawaii now makes sense because I am not sure I will have the physical zeal at age 60+ to do the hiking I want to do. Given that we are frugal by nature, biting off the $990K home we want (50% down, finance rest) is tough to do, from a mental gymnastics standpoint.  In Indiana I would never dream of this size of purchase.  Hawaii is a different animal and serious (or market level) appreciation is a definite possibility.  A rental unit on the grounds of this home would soften the purchase too - it will likely bring $1400/mo.  Air BnB would be our first choice but we will aim for a long term renter in case Air BnB is banished ... I predict it will be as the islands are saturated and locals can find few housing options. How much home would you smart people purchase in this hypothetical? Or, would you simply stay planted in Indiana and plan to travel the planet four to five times per year? We do not hate it here. We do hate the bitter cold and icy winters. A 900-1MM purchase with half down would leave after tax funds at $1MM.  Tax advantaged vehicles will stand at $1.25 or so.  We will aim for an 85k/year spend or less, given the ohana/rental income. Thanks for your input.

fatFIRE

85k/year spending with 1m left over after home purchase. In the most expensive state in the US? That sounds like a bad idea man. Even at 8% that is only 80k in interest/year. That won't beat the inflation.

oy3vu8

Don't be confused, When Gary Gensler the chair of the SEC says bitcoin needs more regulation to protect national security, he isn't talking about our safety.

Gensler unfortunately understands bitcoin better than most people in his position of power and when he's referring to regulating bitcoin for matters of national security, he means that he knows bitcoin will undermine the scam that is the U.S. dollar and he'll do everything in his power to prolong the inevitable from happening. I'm seeing some people cheering on his statement as bullish for bitcoin, I would be very wary of that Golem looking mofo and his ulterior motives. Regardless of what he tries, Bitcoin will prevail 😎

Bitcoin

Ya he is. You know how many hedge funds and financial whales pump and dump crypto? It's because they didn't have to disclose thir positions. Just cuz you hear about some companies buying crypto in the news doesn't mean they're not all doing it behind closed doors. Some regulation isn't a bad thing

owu80n

Using delta to calculate an option's leverage | tutorial + example

Maybe a lot of people use strategies where they don't really care about how leveraged their options are, but I personally always like to know. When you walk through them and see that one is x6 leverage and one is x35 it opens your eyes and makes you think a bit more carefully about what you're doing. I like to follow the philosophy that if you can't teach something you don't understand it well enough so I made this into a video which is linked at the bottom. I'm going to explain everything here though. When I did this math Visa was trading at $243.17 per share. You can buy a call with a strike price of 240 that expires September 17th for $853. This call has a delta of about 0.59. I'm assuming the people here at least know that delta exists and where to find it. This means that this option currently moves up and down with the “power” of 59 shares. If this option moves deeper in the money this number will increase. If this option moves out of the money this number will decrease. Knowing that this option moves as if it were 59 shares is the key to finding its leverage. 59 shares at Visa’s current price would cost $14,347 but you only need to pay $853 for this contract which has the same ability to make or lose money. So with $14,347 you could buy 16 of these contracts which means this contract has about 16 times leverage. You can calculate this exactly by dividing $14,347 by 853 to get the amount of leverage at that moment, which is 16.82. So, every dollar you put into these Visa calls is going to gain or lose almost 17 times more than if you just bought shares. This leverage value is one of the minor greeks and is called lambda. Lambda is a derivative of delta and some places might show it directly, though it seems to be uncommon in my experience. A 2 year call on AAPL could be as conservative as 2x leverage and your 0 DTE SPY calls could have 100x. Know what you're getting yourself into before you throw your money into something. TLDR: Option Leverage = (Delta * Share Price) / Option Price Example: Visa 240c 9/17 = (59 * 243.17) / 853 = 16.82 Video version: https://www.youtube.com/watch?v=4W7PTtljLtE

options

Nicely done. Didn't see the video, but liked the explanation. The minor Greek you came up with is Lambda. The dude below, having trouble with the volatility question, is doing what a lot of people at first mistakenly do. Mistake Lambda for Vega. (A far dte has high vega and high lambda which get lower as expiry arrives, but if the price of an option increases due to higher volatility, lambda goes down). Omega, btw, is the % change in option price vis a vis, % change in underlying price.

ng7frw

The Market Hasn't Crashed: DOGE Is Still at $.33... way too high!

If you believe the market has crashed, you're delusional. DOGE, which belongs at well under a penny based on history and utility, is still at $.33. When DOGE crashes, that's when to worry... because the speculators will be truly out. :)

CryptoCurrency

Its funny to see how much Doge is a topic on this sub, First they ignore you, ✓ then they laugh at you, ✓ then they fight you, <--- we're here right now. and then you win. Im a proud Doge hodler and I couldnt care less about you and your coins. Why don't you try it for once? It might help you have a better life 😂

lpyukn

Has the Tesla bubble popped?

So last week it floundered a but but was able to maintain at ~780. Today it crashes down and hits a low of 725 (so far). IBD says today's crash may have been caused by the halt on model Y. Others say tesla is over valued and now corse correcting. Or is it just part of the whole market crash happening across the board? Still though every article I read is literally "tesla could go down, it also could go up." Most are from Jan or earlier as well and I'm having trouble finding reputable sources that are telling me anything significant. So thoughts? What do you see for Tesla's future?

stocks

It’s probably more due to the fact that bond yields are increasing, so there is a transition out of speculative stocks and into bonds. This is why you’d see the whole EV sector down, because most of these companies do not have the revenue/profit to justify their valuation currently. I’d pay very close attention to the yield curve within the next few months.

bttghc

How did you learn/start investing in commercial real estate?

For those this applies to, would love to hear how you got into it. I own a couple four-plexs currently, but have been reading up on commercial lately - residential, but also retail, offices, etc. ​ I learned about residential REI through biggerpockets, various meet up groups, and building a small network of friends who do it as well. But I'm at a loss when it comes to commercial (especially non-residential), outside of reading books on the basics. For those investing in commercial, how did you learn the ins and outs? I've been thinking of networking with some brokers and look at different properties while having them 'mentor' me, but this feels like a tall order to request. Thanks!

fatFIRE

You should start off with what type of commercial you would most be inclined to buy? Commercial brokers tend to specialize. Eg: when I started I was looking for Class C vacant industrial buildings and subdivided them to multi-tenant industrial buildings. My requirements where specific: 10,000-30,000 SF, priced well under replacement cost, a layout that could accommodate multiple tenants. There was a trend of brokers that had many of these listings so I got to know them. If you don't know what type you want to buy I would network with some principal investors and get to know what they buy, what returns they are after and what metrics they calculate. There are many good operators who I would consider investing with versus trying to do it yourself. Good luck.

nvghg7

Preparing for future dependent

Early 30s, HCOL city. Line of sight to $5-10M NW mostly contingent on company IPO. Married and planning on having kids in a couple years. Excited about life, not sure if I’ll keep working in current job or swing for the fences in a new dream career. I also have a sibling with special needs. Doesn’t require an active caretaker, but can’t hold down a job, and currently lives with parents. I have a pretty good sense of their NW, and unless they hit the lottery, there’s no way they can leave enough behind to sustain sibling through old age. I don’t want to see sibling on the streets, so care probably falls to me. Anyone in a similar situation? Any recommendations on how to prepare financially?

fatFIRE

I’m in this exact situation, but my brother is multiply handicapped and already in a Grouphome. It’s important that your parents get their shit together before they pass, or it’s going to fall to you and be more difficult without all the details on your sibling’s health records, vital data, etc, and you don’t want to deal with it when also dealing with a death. Here’s a few thoughts: 1. Get your sibling qualified as disabled in whatever state/jurisdiction you are in, and get them set up for benefits 2. If possible/amenable have a conversation with your family about getting your sibling with whatever care and support they are going to need after your parents pass away NOW. This will not only give your parents the ability to rest easier in their golden years but avoid a headache for you down the line AND a more difficult transition for your sibling. If they are living at home and used to it, it’s going to be a big transition for them when your parents pass. Dealing with both the grief and a change in living circumstances at the same time will be a challenge for them. 3. Make sure your parents know that your sibling cannot directly inherit and WILL if they pass without a will. You need to set up a trust on their behalf. If they have their own assets it will make it harder for them the get benefits later, as the government looks to those. 4. Have as many conversations as you can with your siblings and your parents while they are alive about what kind of care is needed, medical history, doctor contacts etc.

f36rnf

Daily FI discussion thread - February 13, 2020

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

financialindependence

Talked to my older brother yesterday. He has been a powerful example for me, and is one of the reasons I have pursued FI. He got a Master's degree in music on loans years ago, never paid them back. Changed his name to avoid the debt. He lived an alternative lifestyle as a musician, playing gigs in bars and restaurants. He didn't want to get a job because work would stiffen up his hands, making it harder for him to play. He worked under the table most of his life, always sure he was "smarter than the man" for not paying taxes and living off the grid. He turned 62 last year and filed for social security. Since he paid almost nothing in, his early monthly benefit is like 375 bucks. He has nothing saved at all and was saying he will have to work until he dies. I learned a lot from his example.

twh4ap

Hertz to buy up to 65,000 electric vehicles from Tesla rival Polestar

>Hertz (HTZ) is turning up the wattage on its push to have a mostly electric rental car fleet. >The company said Monday it will purchase 65,000 electric vehicles from upstart Tesla rival Polestar. Mostly consisting of the sporty Polestar 2 sedan, the purchases will occur over five years. Availability is slated to begin in the spring in Europe and later this year in North America and Australia. >“Today’s partnership with Polestar further builds on our ambition to become a leading participant in the modern mobility ecosystem and doing so as an environmentally-forward company. By working with EV industry leaders like Polestar, we can help accelerate the adoption of electrification while providing renters, corporate customers and rideshare partners a premium EV product, exceptional experience and lower carbon footprint," Hertz CEO Stephen Scherr said. >The Polestar deal comes hot on the heels of one inked late last year with Tesla; where it had ordered 100,000 Tesla Model 3s. [Source](https://finance.yahoo.com/news/hertz-is-buying-65000-electric-vehicles-from-tesla-rival-polestar-113013540.html) Hertz is up +10% on this news today.

stocks

Dude I don’t know how Tesla can keep pumping so much..I know I know it’s not “just a car company” but their valuation can’t be so high when the competition is rising and growing. Let’s see what happens tomorrow… Update: Hmm looks like people deleted their comments lol…anywho 223 PE ratio. No way in hell the Tesla’s margins are anywhere close to validating a 223 PE ratio. Good god I still think it’s 80% overpriced. Anywho we have Thursday and Friday to see.

v7acpd

World Bank warns global economy may suffer 1970s-style stagflation, Risks of further deterioration are mounting

BY DAVID J. LYNCH The global economy may be headed for years of weak growth and rising prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the World Bank warned Tuesday. Not since the 1970s — when twin oil shocks sapped growth and lifted prices, giving rise to the malady known as “stagflation” — has the global economy faced such a challenge. The bank slashed its annual global growth forecast to 2.9 percent from January’s 4.1 percent and said that “subdued growth will likely persist throughout the decade because of weak investment in most of the world.” Fallout from Russia’s invasion of Ukraine has aggravated the global slowdown by driving up prices for a range of commodities, fueling inflation. Global growth this year will be roughly half of last year’s annualized rate and is expected to show little improvement in 2023 and 2024. This will be the sharpest slump after an initial post-recession rebound that the global economy has suffered in more than 80 years, the bank said. And the situation could get even worse if the Ukraine war fractures global trade and financial networks or soaring food prices spark social unrest in importing countries. “The risk from stagflation is considerable with potentially destabilizing consequences for low- and middle-income economies,” said David Malpass, president of the multilateral development institution in Washington. “ … There’s a severe risk of malnutrition and of deepening hunger and even of famine in some areas.” If the worst outcomes materialize, global growth over the next two years could fall “close to zero,” he added. With few exceptions, the economic outlook is troubled. In the third year of pandemic, the global economy this year has been hit by what the World Bank labels “overlapping crises” — fallout from the war in Ukraine, recurring coronavirus lockdowns affecting Chinese factories and the highest inflation rates in decades. For now, the greatest areas of concern lie beyond U.S. borders. A recession in Europe is a real possibility, as the continent struggles to accommodate nearly 7 million Ukrainian refugees and deal with upheavals in energy markets. Elsewhere, the interruption of grain exports via the Black Sea is hurting countries such as Lebanon, Egypt and Somalia. China is suffering from its rigid zero-covid policies and battling costly property market weakness. Though the U.S. economy shrank in the first three months of the year during the omicron variant surge, growth is expected to rebound in the current quarter, according to economists’ estimates. Financial market gauges of future inflation rates have declined since late April, easing — though not eliminating — fears of a prolonged price spiral. Nathan Sheets, global chief economist for Citigroup, called the chance of a significant stagflation outbreak in the U.S. “remote,” in a recent client note. Policymakers must act quickly to mitigate the Ukraine war’s consequences, help countries pay for food and fuel, and accelerate promised debt relief, while avoiding “distortionary policies” such as price controls and export bans, the bank said. The World Bank’s Malpass said the global economy is being hampered by inadequate production capacity for key goods. “It’s very important to increase supply massively to really try to get at inflation directly by more production. Unfortunately, there aren’t signs of that very much yet,” he said. Russia’s invasion of Ukraine has disrupted global energy markets, threatening Europe with recession and straining the budgets of countries that import large quantities of oil, natural gas, coal and fertilizer, the bank said. As Europe weans itself from Russian energy products, its purchases from alternative suppliers competes with orders from existing customers, limiting available supplies. Investors also could take a beating from a repeat of ‘70s-style stagflation. The S&P 500 stock index, already down more than 13 percent this year, could lose an additional 20 percent or more, according to a recent client note from Bank of America. Led by the United States, the world roared out of the pandemic downturn with its fastest growth since 1973, a 5.7 percent gain. The global economy was expected to struggle this year as it adjusted to the loss of pandemic-era government spending and ultralow interest rates. But Russia’s invasion of Ukraine — and continued coronavirus flare-ups — have made the situation tougher. The price of a barrel of Brent crude oil has jumped to nearly $120, up almost 50 percent this year. And wheat has staged a similar rally, leading the bank to call for urgent action to ease “worldwide food shortages.” The World Bank’s downbeat forecast adds to concerns about global weakness. Most major stock markets, including those in the United States, are in the red so far this year. And the bank’s sister institution, the International Monetary Fund, lowered its global forecast in April. With the U.S., and most other major economies suffering the highest inflation in 40 years, many economists in recent months have cited the danger of a 1970s rerun.

stocks

Gotcha, commodities are about to hit their super cycle as supply in nearly every single facet of goods gets all the investment dollars in the next few years. With how much commodities have been globalize and offshores though due to restrictions on development in Western countries. Definitely going to be difficult this time around and things like North Sea development won’t be as easily available.

b4d1in

What to do next with finances? Working FT and live alone

I just started a government job in IT a couple months ago. I'm 22, It is my first FT job as I just finished uni last year. I get close to $2000 net per fortnight. Currently these are my main expenses: ​ ​ |Expense|Amount| |:-|:-| |Rent|$250 p/w| |Groceries|Varies, I could spend anywhere from $20 to $50 in a week, depending on what I need to purchase| |Internet|$60 per month. I want to change this because I am on a 500gb plan but I hardly use 100gb per month. But there is no NBN in my area yet, so there are very limited plans for ADSL2. I feel like I'm spending too much for what I use, but I'm not sure that there are many other options?| |Electricity|I haven't gotten my first bill yet. But it's just me living here and I try to limit usage where I can.| |Petrol|Also varies a lot. But let's say $40 a week for 1 tank of petrol (sometimes less if I don't need to refill).| ​ When I get paid $2,000 each fortnight I put away at least $1,000 into my HISA (ING). The other $1,000: $500 goes to rent, and the rest is for other expenses like groceries, petrol etc. Mind you, I don't spend it if there is no expense. Any excess also goes to my savings. So right now I've got saved around $22,000 but most of that was from my part-time job during uni. Here and there I do buy things for entertainment/personal but nothing extravagant. e.g. recently bought a set of ear phones for $15. I'm living alone, no boyfriend/family/etc. I'm quite comfortable, in that I can afford rent and bills and spend a little extra on going out to eat or whatever without it hurting my situation. I've looked into investing into things like bonds etc. but honestly I don't trust myself lol, it's one of those things which I can read and research about all day but still cannot grasp well enough to actually start doing something. I don't have anyone to ask about as my family knows nothing about it, and I come from a low SES/income background/family. They have no savings or investments and don't know how to handle money. Growing up we struggled a lot financially and I don't want to be in that situation again. I have looked at other ways to generate a passive income. I prefer this over investing because there are areas here which I am confident in. I rather not delve into something that I have difficulty with, but instead use my strengths. I do have skills in other areas which I think I could utilise. I've always been skilled at writing, and I am confident that I could be at least a somewhat successful writer, i.e. make a profit (and that's saying something, because generally I have no confidence in any of my skills). I have many writing projects that I am working on right now in my spare time so I'm hoping I can make something out of it eventually. Besides that and a few other small ideas I have, I don't really know what to do next in regards to finances. I'm not confident about investing as mentioned previously. I would like to eventually buy a house as either a PPOR or investment (depends on my circumstances by that time). I am saving for a deposit, aiming for around 100k, but I'm still researching and considering where to buy, whether to live in or invest, and so on. I'm quite comfortable where I am living now. It's close to work and just a nice place for a good price, so I don't see myself moving out anytime soon. I never intended to rent, I wanted to stay with my parents for a few years to save a deposit then move out and buy a place, but my family is all separated and basically dysfunctional so that option doesn't exist for me. So I am looking for basically any opinions. Anything in my current situation I should change? Anything I should start doing? Right now I am happy to continue saving the way I am, and in my spare time work on my writing and other ideas which I believe with enough effort I can generate a nice passive income in due time. I rather not go into investing in shares etc. as again I am not comfortable with it and it's not my strength.

AusFinance

I wish I’d researched this like you are when I started working. The simplest thing to do in order to make an average of 7.5% a year is to open a Vanguard high-growth account and set up a bpay into it of $1000 every month. Never ever stop putting the money in. After 10 years you will have deposited $120k, and you will have made $60k in interest for a total of $180k. After 20 years you will have deposited $240k, but earned $317k in interest, for a total of $557k. After you have $75k saved up, call up and demand that they switch you to a wholesale account - they’ll do it. Just let the maths do its job and never read about the economy in the news - it’ll freak you out unnecessarily.

a7831w

How much do you spend on Xmas presents.

Unsure if this is relevant for r/finance but here we go. How much do y'all spend on Xmas presents? Who do you have to buy for and is there pressure in your family/friends to pay a certain amount. I end up spending around $800 this year for 8 reletives and this is the expectation I get from a few family members who control the situation. I can afford this however I don't like the deadweight loss of gift giving. I'm careful with money throughout the year, going for a decent phone instead on the best, not buying that gtx 1080ti (graphics card) etc. But I feel at Xmas the silly season takes over.

AusFinance

We do secret Santa with my partner's and my family. Each only $50 max that we agreed on before. At work it was only a $10 gift. So on gifts I've spent $110 total. We've just decided that Christmas should be more about enjoying the day together and having fun. We're gonna spend more on food with each family but again, we all pitch in. I think this is a great way to do it. Everyone still gets a fun gift but the day doesn't end up being about gift giving (and it doesn't destroy your bottom line). The day ends up being about having fun together with family.

vsiqjn

Jobs with minimal client/customer interaction

I'm seeking some ideas for jobs that have very limited interactions with the public. I have a background in Secondary Education and have recently completed a Finance Grad Dip. I currently work in a finance role that requires a lot of contact with clients, but am quickly realising I'd love a job that doesn't involve this. I'm very comfortable working with numbers, and am task oriented. I'd love to work in a room/office all day, get my tasks done, not have to make lots of phone calls, and not have to be concerned with the regular issues that arise when working with clients. I'm not looking to pursue any further studies, but I'm sure there are a number of jobs that would suit my skill set and experience. Any ideas would be appreciated, thanks

AusFinance

If you don't mind contact with your colleagues, ops/back office work within finance might suit you. Largely process driven with defined tasks that you can just plug away at with little to no client interaction.

hfyt3s

Top End of Sydney, Melbourne Markets Lead Property Declines

The high end of the Sydney and Melbourne housing markets are leading the coronavirus-induced property downturn in Australia, according to CoreLogic Inc. “The stringent government response to Covid-19 has undoubtedly placed the property market at the cusp of another downswing,” Eliza Owen, head of Australia research at CoreLogic, said in a report released Friday. Nationally, home prices fell 0.4% in May, and preliminary indicators for June show the rate of decline has “gathered some momentum,” Owen said. “The most expensive part of Sydney and Melbourne seem to be leading the current downswing,” she said. Read more: Australia Housing Not the One-Way Road to Riches It Once Was In Melbourne, the top quartile of houses -- those worth A$959,500 ($661,000) or more -- declined 1.3% in May, compared with a 0.6% drop across the middle of the market, and a 0.3% decline in the lowest quartile, the report showed. In Sydney, the most expensive houses (worth more than A$1.35 million) fell 0.6% last month, compared with a 0.4% decline in the middle of the market, and a 0.1% increase across the lowest end, CoreLogic said. While central bank research has found more expensive property can be most reactive to changes in interest rates, “the performance of property markets amid Covid-19 suggest the high-end of the market may also be more responsive to negative economic shocks,” Owen said. https://www.bloomberg.com/news/articles/2020-06-26/top-end-of-sydney-melbourne-markets-lead-property-declines?sref=s0L1qQ1H

AusFinance

This is purely ancedotal, but many of the properties in my shortlist have had their asking price drop by 5 - 8 % or so over the past month or two. Looking at more mid range (8-900k) 3 beds in Vic. The next few months will be very interesting.

8e7802

A case for LIC/VGS as opposed to VAS/VGS

So, I've been thinking a lot lately. I'm concerned that myself and others are not making the best financial decisions when it comes to Aussie shares. Not only do we allocate a significant portion of our portfolios to the ASX when the ASX only accounts for [1.7%](https://www.moneysmart.gov.au/investing/shares/international-shares#comparing) of the world's total share market value, but the ASX 200 is heavily concentrated with [Financial and Mining](https://au.spindices.com/indices/equity/all-ordinaries) companies, meaning more volatile returns. In comparison, the S&P 500 is far more diversified with more IT, Health Care etc. making that a more attractive passive option for index funds. Now the last thing I want to do here is turn the comments section into an Active v Passive investing debate, but rather want to present to you the results I've been compiling this morning. What if there was a way that we could: * Get access to the other 200 companies that VAS doesn't track * Invest in a fund with the ability to short sell when opportunities arise * Receive fully franked dividends to help your tax burden * Pay astronomical fees for outstanding performance Does the thought of paying 7.5, 5.4, 5.3% in annual fees appeal to you? Fees? Yuck! Why would I pay fees, and astronomical fees at that? [WAM Capital](http://wilsonassetmanagement.com.au/lic/wam-capital/) has actually charged these fees in the past. 2001, 1999 and 2000, in case you were wondering. Where am I going with this? Hear me out. The years that WAM charged 7.5% fees, VAS returned 10.4%, the ASX500 was down -4.5%, yet WAM returned a whopping 32.7%. If you take out the fees you're left with a 25.2% gain, or 14.8% improvement over VAS. So what is WAM? WAM is a Listed Investment Company (LIC), which function slightly differently to a hedge fund (google it). It's actively managed and has a mean track record, it pays fully franked dividends consistently each year and has the ability to short sell if necessary. They charge a 1% management fee and 0.20% performance fee of out performance over the index. WAM Capital aims to "provides investors with exposure to an actively managed diversified portfolio of undervalued growth companies listed on the Australian Securities Exchange. WAM Capital also provides exposure to relative value arbitrage and market mispricing opportunities. WAM Capital’s investment objectives are to deliver investors a stream of fully franked dividends, provide capital growth and preserve capital." It's actively managed meaning if the fund manager knows what he's doing you'll probably outperform the index, but if he gets it wrong you'll most likely under perform. It carries more risk and past performance is no indicator of how the fund might perform in the future. By now you're probably all after the juicy data that I've been talking about, which can be found [here](https://docs.google.com/spreadsheets/d/1EtFS8ewqPaJ0O33uMnjh0-khMTtobgBUWIQu3qgkeU8/edit?usp=sharing). *I use the wholesale 0.18% fee, instead of the VAS ETF 0.14%, because the wholesale fund has historical data back to '97 which makes the comparison much better. The key findings (all after fees): * Over 18 years, the Index has returned 160.3%, VAS 174.3% and WAM 281.4% * In 18 years, WAM has returned more than VAS 14 times * The average fee over 18 years for WAM was 3.1% compared to the 0.14% of the VAS ETF * WAM returns on average 5.9% more each year Could paying astronomical fees for significant out performance be worth it? And **can WAM keep this up over the long term?** Well, I guess that's open for interpretation ;) It's probably worth noting that WAM is most probably the benchmark LIC for out performance across Aussie stocks, some like AFIC and Argo track indexes or under perform it. There's a reason WAM can afford to charge such high fees and that's because they have a track record of outperforming the index. If you are planning to switch VAS for an LIC, make sure it's one like WAM that makes it worth your while.

AusFinance

Of course you can look at historical performance and pick winners that out performed an index fund. That’s hardly surprising and no advocate of index funds would disagree. The difficulty is choosing the high performers in advance. What is it about WAM that made it stand out 18 years ago? If you can’t figure that out then your observation is meaningless. You may as well be telling us that investing in struggling book-sellers is a much better investment than ETFs because look, Amazon outperformed VAS by 2500% over the last 18 years.

65nere

Best bank for everyday use and savings?

Large list of banks within Australia but which is the best for use for everyday use? Additionally which one has the best savings accounts? Might be a silly question :|

AusFinance

I use ING's everyday account because no fees, plus free withdrawals from any ATM across Australia provided you deposit $1000 or more per month. If you meet the $1000/month deposit, you also get a 3% interest rate on your savings account with them. (there's currently a $100 promo if you join through a referee. PM me if youre interested). An alternative would be ME Bank, which offers the exact same thing, plus a slightly higher interest rate on savings accounts at 3.05% but you have to use their card once a week. I use a rewards point credit card so i rarely use my debit account so I decided this isnt for me. I'd also give ~~honourable~~ mentions to: Macquarie which have no ATM fees, no account fees, no international transaction fees, plus 50c reward when you get $100 cashout. Downside is their savings account isn't as good as ING or ME Bank. Citibank also has an everyday account which has no international transaction fees and no international atm fees if youre interesting in using it for international travel. Saving account interest rates for comparison: ME Bank 3.05%, ING 3.0%, RAMS 3.0%, Macquarie 2.3%, Commbank 2.55% for first 3 months, Westpac 2.51% for first 5 months

ytvb1j

$GME Daily Directory | New? Start Here! | Discussion, DRS & NFT Megathreads, DD Library, and User Flairs | I CAN'T HEAR YOU!

[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) GameStop [Investor Relations](https://news.gamestop.com/) # 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) # 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) >A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you # 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) *gobble gobble'n up those shares* 🎃🦃 >Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! # 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) >Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! > >We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. > >We had a huge positive impact! And we’re doing it again. 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) >Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! **Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/)

Superstonk

So.... FTX tokenized gme shares were literally backed by nothing. Allowed to be used as collateral and potentially even as "shares to borrow"? And they appeared right before January 28th 2021? This shit is wild. I don't know for sure, but I strongly suspect that this is a skeleton key to this whole ordeal. And how the can has been able to be kicked for so long (a near infinite supply of cheap to borrow "shares"), a bunch of worthless tokens that are being used as collateral to maintain margin. I wonder if some people at our favorite market maker had some interesting conversations about tokenizing gme to create a huge dark pool of liquidity for shorting GME, while also dumping a bunch of toxic gme positions on FTX via exotic swaps. If even half of this is true we are in the end games now. Buckle up

d4fw29

Why is it that the market can stay irrational for so long?

I’m not necessarily suggesting that this market is irrational. I understand that is only knowable in hindsight. But why is the market ever irrational for a long period of time? It seems sometimes the whole world knows that the market is generally overpriced, and yet prices can keep rising for many month or years before finally crashing. Why the long delay?

investing

I suggest the pamphlet, Popular Delusions and the madness of Crowds. It is a brief history of a few historic bubbles. Human nature, greed, fear, are some main causes of the boom bust cycle. In some artificial market studies, humans seem to gravitate towards forming a bubble. So much so that even repeat participants will again drive the price bubble. Bubbles occur naturally. One that comes to mind is artic foxes and hares. Without interference, the natural ebb and flow will have each population boom then bust. Briefly, Foxes hunt hares. If hares are plentiful, fox litters are large. With so many foxes, hares become scarce. When hares are scarce, the foxes starve. With few foxes, the rabbit population booms. Simple boom bust cycle.

fx7zgz

Evidence Mounts That The Global Recession is Already Here

WTO, IMF, and World Bank all pointing to early indicators of sharp economic decline. It is only matter of time until the stock market catches up to reality. https://www.bloomberg.com/news/articles/2020-04-08/a-brutal-march-for-trade-portends-depth-of-economic-pain-ahead

investing

We already knew the recession was here some weeks ago. Because there's no possibility of GDP growth being positive for the next 2 quarters. That's what a recession is. But, yes, the market still reflects a V shaped recovery, which is far less likely than most people presume, I think.

vz2wi6

YES, YOU CAN BUY SHARES NEXT WEEK, AFTER THE RECORD DATE, AND STILL BE ELIGIBLE TO RECEIVE THE SPLIVY

We have to dispel all this **FUD** about people not getting their splivy if they don't purchase their shares by today (T-2 of the record date), or Monday (record date), or whenever. I swear, this is **bullshit FUD** designed to **PREVENT/DISCOURAGE APES FROM PURCHASING ADDITIONAL SHARES** next week. Imagine what will happen to the stock price if there is little to no organic buy pressure for the entirety of next week. Yes, the record date is Monday. And yes, the stock will start trading at the post-split price on Friday. But **EVEN IF** you purchase more shares in between those dates, **YOU'LL STILL GET YOUR SPLIVY** because **THE SHARES TRADED DURING THAT TIME WILL TRADE \*\*\*WITH THE SPLIVY.\*\*\*** Otherwise, it'd make no fucking sense. Think my apes, think. With that said, I invite wrinkled apes to verify because I'm admittedly extremely smooth. ​ Edit: check out this ape's comment, he's standing upright on his hind legs: [https://www.reddit.com/r/Superstonk/comments/vypjz0/comment/ig5tzog/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vypjz0/comment/ig5tzog/?utm_source=share&utm_medium=web2x&context=3)

Superstonk

short version - If you buy before the split, you get the extra shares EDIT - for anyone who doubts this, think about what would be possible if this weren't true. You'd be able to sell your entire position on the 20th, pocket the cash and then receive 75% of your position back on the 22nd for free. sound too good to be true? It's because it is

3syhz2

I have never dreaded Christmas so much in my life. What do you guys do for presents?

It's not that I don't have the money, but rather that I don't want to spend any of it. This makes me feel really... Icky... On the inside. Does anyone else experience this contradiction? If so, what do you do? Christmas always makes me feel like I'm in a lose-lose situation (trapped between spending a bunch of money or coming off as a dick) and then I get sad at a time when everyone else seems to be happy and really loving the season. I don't want to be a grinch. I don't want to dread Christmas. Is this just something that I have to suck up and accept feeling terrible about myself no matter what? Really, how do you guys work towards FI and deal with the holidays? EDIT: Thanks for the ideas and input y'all. Just to clarify, my intention is NOT to give no presents, I just don't want to throw money away unnecessarily, which is what this usually feels like to me. My grandfather was very very tight with money and never bought me any presents (birthday or Christmas) and it made me feel terrible. There is a zero percent chance I want to make my siblings feel like that. I am already flying out to see everyone, and I'm pretty sure my parents will be happy with just seeing me (like the plane ticket is their present) and a bunch of hugs and help cooking. I already have plans to spend time with each kid alone doing something they like that I normally don't have the time/interest/knowledge for, but I can't wrap up special time and put that under the tree, so I really appreciate everyone suggestions. Thank you all!

financialindependence

Make something homemade. Last year I made all the people in my family cutting boards. This year I'm doing coasters and a jar of homemade salsa for everyone. I find it to be a way to save some money in the holidays, and the extra time/effort to me is more satisfying than just buying them something random.

39ln0q

My employer paying me 50K is offering health insurance at $1250/month, are there any alternatives for me (USA-Maryland)

Details: I have a wife and child, and will be moving in 3 weeks to start a medical fellowship in Maryland. I will be getting paid ~50K, and most fellows have gone without insurance for the two years because of this obscene amount. My wife does not work. Also- would love to go for the ObamaCare, but we plan to go to doctors in different states for our medical issues, so this isn't an option. Health Insurance details: Deductible (500 individual, 1500 family), employer covers 250/month (in addition to my 1250/month) Edit: I don't know or care why I am being downvoted everywhere. Thank you to all those defending me below, but the truth is, I don't care much about it at all. A sincere and heartfelt thanks for all your help guys, will have to do some thinking and calculating. We may just do a combination of employer and affordable health care insurance for the family. Gotta crunch the numbers.

personalfinance

I work with Obamacare and all that Marketplace stuff for a living, so let me try to lay out options in that direction for you. However, I work in Wisconsin, so Maryland may do some things differently. First off, as has been mentioned, you probably won't qualify for a tax credit. Basically, with the income you stated, the cheapest plan available from your employer THAT ONLY COVERS YOU would have to be more than about $400. This is a very screwy part of the law and causes lots of issues. As others have mentioned, Obamacare plans do not lock you out of going out of state. However, in my experience, it can be hard to find a national provider plan. POS Plans (Point of Service) are typically the most flexible, but you need to confirm that they will cover out of state. I wouldn't put much faith in what the call center told you. The Maryland call center may be better, but the national one is often a train wreck if you ask anything beyond what's on the script. I highly recommend using the Navigators and Certified Application Counselors(CAC) in your area. I work as a CAC myself, and these are often dedicated, knowledgeable people. Also, it's legally required to be a free service. I don't know where in Maryland you will be moving, but I'm going to drop a link to their "Find Local Help" page. Give them a call, they might be able to do a phone consultation, even if you can't visit in person. Let me know if you have any more questions. https://secure.marylandhealthconnection.gov/AHCT/DisplayAssistanceSearch.action PS: You have a Special Enrollment Period for 60 days before and after you move, so there is a bit of a ticking clock if you go the Obamacare route. Otherwise, you're locked out until Nov. 1.

lkeb6p

If you panicked during last night drop this is not your market and shouldn't be investing in it

It is okay, if you panicked during last night drop you shouldn't be investing in crypto. That was nothing compared to what we have ahead and you will probably end up losing money. Advice, leave with whatever gains you have, it will be better for your health and your pocket. If you decide to stay, relax and keep holding.

CryptoCurrency

I’ve read like 12 of these threads this morning and I finally have to say. Shut up man. Hold your bags or sell your bags, but coming on here to tell people what they should or shouldn’t do... like what’s the point of these posts? It’s like YOU lost money so you came on here to hit the virtual punching bag but you need to direct the anger toward the ones who “panicked”? “What we have ahead”... what exactly do we have ahead of us Satoshi? Tell me more.

iwrq2x

Airlines are Gaining Momentum - DD & Options Flow from Last Week

I was looking at some options flow from airlines mid last week and realized that it was quite an imbalance between the CALL premiums and PUT premiums. The chart setups were all looking great so I thought about giving them a few more days before taking a look again. I analyzed the flow today and it looks like airlines are gaining some momentum by options traders. Let's do some DD, shall we? For the analysis, we only consider five airline symbols and option contract trades with premiums above $25k. In order to start our analysis, let us first take a look at the aggregated options flow from the week of **September 8th to September 11th**. Below are the aggregated stats: [Aggregated Options Flow for the week of September 8th](https://preview.redd.it/9xvwck9rveo51.png?width=739&format=png&auto=webp&s=ae633d70d4423e68e634509dcedcfcc325ff530c) A couple of observations from here. Most airlines had a pretty even flow **except $DAL** which moved quite a bit this week because of the large flow in the September 8th week. But the other airlines had a fairly low options flow. Now, let, us take a look at this week's option flow which is significantly different. [Aggregated Options Flow for the week of September 14th](https://preview.redd.it/80wpc80vveo51.png?width=736&format=png&auto=webp&s=9c0889e28d059c19b6a290f213191bdcb390daee) Pretty clear differences here. Although we had one more trading day last week, the premiums and volume is way higher than the week prior to that. There are some stark differences in the call and put flow. * **$AAL** had some differences in volume but almost the same premiums for both CALLs and PUTs. That has been a consistent pattern. If I want to go long on airlines, I'll stay away from AAL just based on the flow. * **$DAL** as usual had a difference of 13 million between CALL and PUT premiums. That is massive. The volume was also 3x. * **$JETS** had a way higher volume for CALLs than PUTs. The premiums are also like 4x for CALLs vs PUTs. This is excellent for someone who wants to go long on airlines and JETS right now. * Both **$UAL** and **$LUV** were also massive on the CALL volume and markedly low on PUT volume. The same goes for premiums. Things are heating up! If you look at the price action of some of the airlines, you can also see bulls taking over for the last few days. Let's do that as well. I will draw a few loose trend lines to show that the airlines have been on a slow bullish run for the past few days and based on the flow, that is expected to continue. [DAL. Need this to come down a bit more.](https://preview.redd.it/2exr4y3yveo51.png?width=1559&format=png&auto=webp&s=fb4ec13e8f9293624f9fb5d1599487fabb6f1343) [JETS](https://preview.redd.it/mnbeh2qyveo51.png?width=1564&format=png&auto=webp&s=cf0ad0d9a7a705f25ebbb92b333a2ea84b305de9) [UAL](https://preview.redd.it/sg2sugezveo51.png?width=1570&format=png&auto=webp&s=a0b9a94938339c0cfa67e525ea505adaf3fcd520) That's it from me folks. Hope you like the analysis and will keep an eye on the airlines. Would love to hear everyone's thoughts and hope you folks have a fantastic week ahead. Cheers

Daytrading

The guys who were just at the White House pleading for money are on the up and up? Remember a second wave is starting to show itself, the airlines financials will fall off another cliff the moment countries put travel restrictions back in place

y0mpk8

Columbus Day Profits -- $9.1K+ -- with October being over $66K+

So I made a post for October (last week) profits to show the breakdown for each day : [October post - $58K profits](https://www.reddit.com/r/Daytrading/comments/xywj12/my_october_performance_so_far_58k/?utm_source=share&utm_medium=web2x&context=3) Most of people were cool, asking proper questions and some were just beetle headed. Either way, I am not here to change anyone thinking. I am only here to show a different way, if you would have read the [Trade Plan 10/10](https://haustrades.substack.com/p/trade-plan-1010) I wrote, you would have seen the below writing which was sent out last night. ***"Bear Plan:*** *Offers below 12B with the Dynamic momentum from the 30/13 will give us cleaner moves towards the 12B target below 3613-3606 — if that is extended, it will enter the 5D target zones."* [Balance Table ](https://preview.redd.it/hrve2e39s0t91.png?width=1015&format=png&auto=webp&s=244510ea3169ddec04b6cc82329c28a5aed2aa14) I always write the **bull** and **bear** play with a very clear **decision level: Balance** Before you ask me what I am using, I am using my own Balance Levels that gives me structure (see bottom pic). I use time and I modeled it after this paper: [Overnight Drift](https://www.newyorkfed.org/research/staff_reports/sr917) **What is is NOT**: No Volume is considered in this, that means VAL, VAH, POC or anything with TPO's...it has nothing to do with how I come up with balance My Journal entry that I use is because it automates it for me: [Journal Entry Software](https://tradesviz.com/referrals/fkD3CSxUWvS4COLTELkInOkw9eKRZt27eeOmMJNq) My Trade Plans are here: [Trade Plans](https://haustrades.substack.com/?utm_source=substack&utm_medium=web&utm_campaign=substack_profile&utm_source=%2Fprofile%2F7992967-haus-hedge&utm_medium=reader2) which I also have been posting here on Reddit Well here is my Sunday/Columbus Day so far + the October MDT PnL below- I welcome all questions and comments! Hope everyone is doing awesome today. [Dashboard: 10\/09 to 10\/10](https://preview.redd.it/tieouz6tx0t91.png?width=875&format=png&auto=webp&s=084d0b16359f10bacf15e9396bce527a77ffe1b9) [Trades for 10\/09](https://preview.redd.it/ovhsiav5t0t91.png?width=989&format=png&auto=webp&s=22088bba3a8ce9adde1059e653ffb917a92cce19) [Trades for 10\/10](https://preview.redd.it/z4arnizyx0t91.png?width=988&format=png&auto=webp&s=7dcf382c2418d9c1768950da49a63ab0c807015e) [October MDT - PnL](https://preview.redd.it/6mjd1895y0t91.png?width=880&format=png&auto=webp&s=2e2262b88041e3decf1b661537597859d22aaeea) [Intraday Balances](https://preview.redd.it/h27ptfrev0t91.png?width=790&format=png&auto=webp&s=aed0d6d6bd32dcb55cdbc5d8972524f4ab4bdfcc)

Daytrading

So is the idea to try to find an imbalance in buy/sell orders (mainly towards US market close given volume spike) to try and estimate order/inventory imbalances on the MM's end, expecting them to offload those imbalances onto traders in the asian and (mainly) european markets? And to, essentially, try to take advantage and ride/scalp that?

wg4w8w

Why do I know what to do but can’t do it?

I’ve been trading for a few months after studying it for awhile. I know what to do and I make some really great trades. My losses are usually poorly executed and just a momentary lapse in judgement. I usually start off really well, and then I lose focus and make some dumb trades and usually lose my gains. Does anyone have any tips to overcome this? It’s like I’m self sabotaging myself because I don’t believe in myself. Edit: Thank you for all the responses. It’s nice we have such a supportive community. Edit: I have come to the realization that I just need to stick to what I’m good at. I try to trade everything I see, BS, SS, BO patterns, Parabolic movements and should just stick to what I’m good at, find my edge, and perfect it as much as possible. Thanks everyone for your help!

Daytrading

Keep a journal of what you are doing and analyse your losses to work out specifically what you are doing wrong At the same time, assess whether your strategy is genuinely profitable. It is possible you're blaming yourself for losses when in reality it's just variance. Edit: also, scale back your position size to a point where it just doesn't matter what the result is to help ease the emotions. Can always scale back up later

mru1gk

There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market

Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. The Paulsboro, New Jersey-based Your Hometown Deli is the sole location for Hometown International, which has an eye-popping market value despite totaling $35,748 in sales in the last two years combined, according to securities filings. “Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey ... HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing,” Einhorn said in a letter to clients published Thursday. Hometown, which appears to have begun trading in 2019, according to FactSet, has shares that trade over the counter and rarely has more than a few hundred shares change hands per day. Often, there are no trades logged in an entire trading day. Still, the company’s market cap is just over $100 million, according to FactSet. Hometown did not immediately return a request seeking comment made to the phone number listed in the company’s securities filings. A manager was not available to comment at the deli’s phone number. According to the company’s latest 10-K filing, the company’s single location was closed from March 23 to September 8 of last year because of the coronavirus pandemic. During that time, the company’s stock price rose to $9.25 per share from $3.25 per share. It last traded at just under $14 per share. The company sold 2.5 million shares last year and has about 60 total shareholders, according a filing. Hometown reported more than $600,000 in expenses last year, up from about $154,000 in 2019. The company also reported a net cash gain of $2.2 million from financing activities, such as selling stock, in 2020. Einhorn’s highlighting of Hometown comes as politicians, regulators and high-profile investors have publicly fretted about the boom in certain types of stocks over the past year. As a new wave of retail investors joined the market in recent months, special purpose acquisition companies have launched at a record pace and some stocks, like Game Stop and Discovery, have seen wild swings after being bid up by traders on Reddit or hedge funds. The over-the-counter stock market, often referred to as pink sheets and penny stocks, have historically been a risky place for investors. Shares of penny stocks have also soared in recent months. https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html

investing

So this company has "60 total shareholders"? what's it got to do with retail investors then?? CNBC looked at a story of how a small group of people seemingly pumped a single deli to $100m valuation and thought "how can we spin this into a gamestop story?" what fucking morons.

tkpqa8

Daily FI discussion thread - Wednesday, March 23, 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

When I first met my boyrfriend he wasnt contributing to his 401K at all (we have a match) and said "why would I want to save money I cant touch until Im 65". Had never even heard of an IRA. 3 years later: we both max IRA and 401K and he just looks over and goes "lets update our FIRE spreadsheet and do the compound calculator" Happy to have him on board haha!

fiik08

Current S&P 500 sell-off versus previous bear markets

Graph of this issue: https://i.postimg.cc/cCfLTQys/image.png Another graph: https://i.postimg.cc/zBbCzPW0/image.png This time is different. The velocity of the market decline in unlike anything before. The Institute for Supply Management released a survey March 10 on the impacts of COVID-19 on business and supply chains. Almost 75% of companies surveyed reported supply disruption, and 16% of those companies have adjusted their revenue targets downward. In countries other than China, 57% reported longer lead times for tier-1 components sourced from China. On average, lead times more than doubled from December. About 62% of respondents are experiencing delays in receiving orders from China, and 53% report having trouble even communicating on supply chains with China. Do you think this sell off will continue? I think we have yet to see the bottom Source for the ISM info: https://www.industryweek.com/supply-chain/article/21125977/75-of-companies-in-ism-virus-survey-report-supply-chain-disruptions

StockMarket

The market has not yet fully priced in a scenario where the US & Europe are in full lockdown like Italy. I think we’ll reach that point in a month, maybe 2 depending on the incompetence of our government & the CDC.

big26a

Ticker symbol TSLA

Tesla is now at a year low by 15%. Investors are disappointed by earnings and losing faith in elon musk's ability to keep his promises. I see this as a great buying opportunity, as demand for tesla cars appear higher than ever. Monthly visits on tesla's website are going up from 11 million from Jan 19-feb 19 to 21.7 million from February to march. (Vstat chrome extension) Tesla is still the leading electric car maker and is expanding the software of the cars rapidly. The robotaxi program looks like it could make tesla a lot of money. People will use the robotaxi system as an excuse to buy a tesla when it rolls out. (People buy because of emotion and justify with logic) So I see the robotaxi leading to more tesla sales and cash flow generation from commissions to tesla. This being said, I do agree with most people who say the robotaxi program will likely be delayed and it'll be hard to get the government to allow this. What do you guys think of tesla's current position?

StockMarket

I would be long on Tesla, the only thing I can see killing Tesla would be an economic downturn They are way ahead of everyone else in the electric car infrastructure but have massive amounts of debt due investment in boosting production

kx8vnc

I bought $URG before open (I will never buy before open again) and ended up buying at peak value - it's dropped significantly since then - what's the likelihood it will go back up to $1.3 again?

Should I just sell and reinvest somewhere where I can make back the loss or do you think URG will get back up (and maybe exceed) $1.3 again? But seriously - lesson learned: I'll never ever buy before open again on a stock that's hot. EDIT 3: I'm starting to get some truly dumbass replies to this post so I'm going to stop replying but THANK YOU for all the valuable input thus far. EDIT 1: I bought 500 shares. The loss would be around $100 so it's not horrible for me. EDIT 2: All the lessons learned: Lesson #1: Don't invest before open on a hot stock. Let's hear it again: DON'T INVEST BEFORE OPEN ON A HOT STOCK unless you're using a limit order. This what limit orders are for. Lesson #2: If you're going to invest in a new stock, invest a small portion of what you're thinking of investing first to gauge performance. Lesson #3: If you're going to invest, invest in the company long-term and be ready to hold through the volatility. This seems obvious but for some reason I thought this wasn't going to get as volatile as it turned out. Lesson #4: Know that penny stocks (which I didn't realize that this is what it was because it was worth a dollar lol) are used to pump and dump - this one probably going to be less of a priority to internalize since I'm probably not a penny stocks investor and I doubt I'll be doing this again. ​

StockMarket

It's not that you bought before the open that's the problem. It's that you bought your whole position in one trade. Your first buy should only be about 25% of what you want you position to be. If it goes down, you can add to that position or get out with a minor loss.

ku3yqx

Bought 2 TSLA $880 Calls 1/8 and Robinhood automatically exercised EOD

So I’m now an owner of 200 $TSLA shares. Not angry or upset. Just surprised and wanted to share. More than likely TSLA is going up at least another 20% next week as we run up to Biden’s inauguration. Like Elon said the most entertaining outcome is usually the most likely [Elon Musk himself ](https://imgur.com/gallery/zOgfrrb)

options

This post and the subsequent replies is a sure fire sign we are nearing a top. How can you be happy to be assigned 200 shares on Tesla with 70% on margin?! The amount of people playing games with options and margin accounts is baffling and it may take a while, but it will end badly. My advice, sell the position, close your margin account and if you like Tesla then buy back the shares you can afford because I’m assuming you don’t know how margin works if you don’t know how options work. Need to understand the risks of the tools you are using before just diving in.

l9enxj

QLC Chain - The most undervalued project in crypto right now (easy 100x this year)

TLDR: QLC chain has built a platform (DEX) which is onboarding 10+ global mobile operators this quarter (including China Telecom and AT&T). 5m marketcap. Close to ATL in terms of satoshi value. Listed on Binance and Bittrex. Ready to explode when mobile operators come onboard and start buying up QLC. Title says it all really! Go do your own research on QLC Chain. It's the most undervalued crypto project I've ever come across and it all comes down to marketing. There is none.......when everything goes public this coin is going to absolutely explode. The project develops solutions for the telecommunications industry. They're one of the leading members of MEF and have developed a DLT-based commercial and operational data-on-demand platform. They are a sleeping giant........they've 10+ global mobile operators coming on board and yet no one has a clue...... The team has been building non-stop for the last 3 years and have done close to zero marketing. They're launching a DEX in a few weeks time and these operators will be onboarding here and buying QLC. We don't even know the names of a lot of these operators as they're under NDAs........what we do know is that China Telecom and AT&T are amongst them..... When this all goes public this is easily a 100x....... Currently QLC is listed on both Binance and Bittrex and it's at an all time low in terms of satoshi value..... Just read this article. It's written by Andreas Freund who works for QLC chain.......he only mentions QLC chain a few times in here but basically the whole article is regarding what the project has built.......mind boggling that this isn't a top 50 coin right now [https://www.mef.net/billing-at-warpspeed-using-dlt-based-smart-bilaterals/](https://www.mef.net/billing-at-warpspeed-using-dlt-based-smart-bilaterals/) If you've any questions just join their telegram group! They just moved across to a new telegram group a few days ago so the numbers are low. The handle is @[OfficialQLCChain](https://t.me/OfficialQLCChain)

CryptoMoonShots

Maybe im not understanding, but why the incorporation of this new people would pump up the crypto price? Aren’t they already a solid company for over a year? Why would the incorporation of mayor telephone companies increase a crypto price?

m5yp8u

SEC Sues California trader for alleged social media fraud scheme

From Reuters: ' The U.S. Securities and Exchange Commission said on Monday it has charged a California-based trader for an alleged fraud scheme in which he spread false information about a defunct company on Twitter. ' If misinformation can be spread on Twitter, I am sure it can be spread here. Do you own research. [https://www.reuters.com/article/us-usa-sec-california-trader/us-sec-sues-california-trader-for-social-media-fraud-scheme-idUSKBN2B72QO](https://www.reuters.com/article/us-usa-sec-california-trader/us-sec-sues-california-trader-for-social-media-fraud-scheme-idUSKBN2B72QO)

stocks

So this guy scammed retail investors out of 1 mil by posting false info (stocktwits?) about a defunct company... and the SEC are the bad guys. Honestly imo it's a good thing the SEC is doing something about obvious scams, hopefully it will help them grow a pair.

mfjkf8

Bill Hwang, Biggest 15B lost porn from a single investor + Billions from MM

Bill Hwang the ultimate degen, retard who was guilty of insider trading more than 10 years ago blow up 15 Billion of his own money (some friends too) and 2 Billion dollars at Japanese broker Nomura (stock down 16 percent), unknown for Goldman and MS (they sold more than 10 billion in block trade last week in BIDU, TME, DISC etc) and many other MM because he was leveraged to the tits (3-4 times) and it went tits up. Archegos (one of bill's fund) blow up first (Nomura was the broker for this fund) when 1. ViacomSBS announcing share dilution 2. China limiting tutoring classes and vape both of which our boi bill was big on. 3. Chinese companies delisting news RLX (vape) down more than 70 percent GSX (tutoring) down from 150 to 30 at the lowest on Friday. BIDU, TME, DISC etc all down around 50 percent in 3 days ​ Bill was also rumored to use an SEC loophole with equity swap to get around disclosing owning more than 5 percent of companies and he basically took loans from MM in NA, EU and japan. He first started working for Julien Robertson who give him 25 million to start his own fund back in 2001, he averaged 40 percent return until 2008 and was charged with insider trading later. He then started he's own fund with his own money and quickly grow it to 15 billions and then --> GUH

wallstreetbets

the Far East traders really are the gambling degenerate GOATs - if you ever played poker in Macau you know what I mean - have we already forgotten gigaretardchad Masayoshi Son who day traded a couple billies in loss porn last year?

ne1klt

Daily Discussion - May 17, 2021 (GMT+0)

**Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.** *** - ###Disclaimer: Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. **Please be careful about what information you share and the actions you take.** Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. *** - ###Rules: - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. The prior exemption for karma and age requirements is no longer in effect. - Discussion topics must be related to cryptocurrency. - Behave with civility and politeness. Do not use offensive, racist or homophobic language. - Comments will be sorted by newest first. *** - ###Useful Links: - [**Beginner Resources**](https://www.reddit.com/r/CryptoCurrency/wiki/beginner_resources) - [**Intro to r/Cryptocurrency MOONs 🌔**](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) - [**MOONs Wiki Page**](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki/) - [**rCryptoCurrency Discord**](https://old.reddit.com/r/CryptoCurrency/comments/kth255/join_the_crypto_currency_discord/) - [**r/CryptoCurrencyMemes**](https://www.reddit.com/r/cryptocurrencymemes) - [**Prior Daily Discussions**](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A"Daily+Discussion+-+"+&restrict_sr=on&sort=new&t=all) - [**Monthly Skeptics Discussion thread**](https://www.reddit.com/r/CryptoCurrency/comments/n26p85/monthly_skeptics_discussion_may_2021/)

CryptoCurrency

In a weeks time Elon went from endearing billionaire hosting SNL to narcissistic conman who is trying to screw over the regular Joe’s. Wow someone really fucked over his Public image and I hope it bites him in the ass

2hpfim

Let's face it: There's currently no demand for all those bitcoins. And we fail to understand why.

During the recent years, people have built fantastic infrastructure around bitcoin. The number of people who could use Bitcoin through bitpay, coinbase, kraken, bitpesa, ... has exploded, but the number of actual Bitcoin user has not. China has "banned" Bitcoin several times. Bank of England has "endorsed" Bitcoin. We help Sean's outpost and NASCAR became DOGECAR for a weekend. That's a success, but no moon-level-success. We keep saying to ourselves that the price does not matter, but it does. It tells us how much demand their is for cryptocurrencies, and, through speculation, how much demand there will be in the future. Current market cap is USD 5,159,026,368 and falling. Not enough to go to the moon. Can we stop the circle-jerk and think about why greedy Wall Streeters and hard-working Phillipinos don't go crazy about Bitcoin, yet. If we fail to understand this, we all are going to make bad decisions.

Bitcoin

I think part of the reason we haven't seen a new bubble and a new ATH yet, is that something has changed, probably permanently. I think that since the ASIC revolution miners have stopped hoarding their bitcoins. This puts continuous downward pressure on the markets, but I don't think there is any need to worry about it. At some price level, probably above $100, maybe even as high as $200, existing holders of BTC will buy up all of the bitcoins that miners release onto the market. At the next halving, this would immediately create new upward pressure. In addition, it's possible that new fundamental news pushes the price up before it ever reaches its deepest support level.

nj4sg0

After this MOASS hits, do NOT reinvest immediately in stocks - especially crypto.

Some friends and Redditors have mentioned where they're going to dump their profits back into the market immediately after making a profit. For the love of fuck don't do it. We've all come to completely see just how much of a casino this whole market is, and you better believe banks and funds will have already cooked up a scheme to get that money back asap. As far as crypto, if you haven't figured out what kind of a ponzie scheme it is and how much money banks and hedgies have been taking from retail investors, you're due to just write a check directly to your favourite bank. If you're already rich, getting greedy won't make anything any better.

Superstonk

After moass I will buy land and seeds and start agro business. Here in Europe, the fraudelent rules of Monsanto does not apply AFAIK. Monsanto is the Citadel of agriculture and their patents for their GMO seeds are like PFOF (payment for order flow) in stock markets. [https://www.youtube.com/watch?v=KAZmHIiN8VI](https://www.youtube.com/watch?v=KAZmHIiN8VI) Everything is rigged and corrupt in this fucking world. Everything. UPDATE: also Du Pont with their teflon shittery. You can watch the great movie Dark Waters: [https://www.youtube.com/watch?v=RvAOuhyunhY](https://www.youtube.com/watch?v=RvAOuhyunhY) **FUCK THIS WORLD. I AM NOT SELLING UNTIL I SEE PEOPLE IN JAIL AND FOR LONG.**

ttm944

Daily FI discussion thread - Friday, April 01, 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

My company just capped my bonus with no notice. I used to, in theory, be able to earn unlimited bonus because it was partially a percent of your profits over target. Now there's a cap, so there's no reason to go over your profit target beyond a certain point. Last year my bonus was $39k vs my target of $12k. Under the new scheme I would have been capped at $26k. It seems like a negative change targeted at high performers, that was rolled out buried in a policy document. This shit is why people leave.

zot1jn

why are we having housing shortage?

please help me understand, why are we having a housing shortage post covid? did the population exploded or housing supply collapsed? I understand there are delays with new housing coming online, is this the cause?

AusFinance

So far, neither of the explanations provided in these comments has corrected the question: it isn't just 'us' that are having a housing crisis. It is the whole OECD. All at once, although different countries 'started' at different times, and there are local variations between the relative severities of rental and price crises. In each of these countries -- whether you are in /r/germany, /r/ireland, /r/canada, or wherever -- those discussing it put forth local explanations for the effect. But whatever the primary root cause, it is likely shared between essentially every wealthy nation, simultaneously and to a similar degree. It's possible some of the local variations in effect size are local, but Occam's Razor says that a single common grouping of causes across countries should be the driver of the main effect. So, if we were honest about looking for a root cause, we should look for a common pattern across every country experiencing house and rental price spikes.

uufcuw

Renting out a house when moving overseas

Hey all, I’m due to move to England in September for about 3 years and want to put my house up for rent whilst I am away as I believe I am extremely lucky to have property given how difficult it is to get into the housing market. I am chasing advice and ‘things I wish I knew’ from people who have rented out their house and moved overseas in the past to best prepare myself for smooth sailing with it all. Cheers

AusFinance

Have done this. Would suggest getting any maintenance issues sorted now, so you don’t trace to do it remotely. Also, interview at least 3 letting agents and don’t choose the cheapest, you want them to be responsive and capable of sorting stuff for you without your involvement. We had some pretty major stuff go wrong whilst we were overseas, ie stove needing complete replacement, serious plumbing issues. Our agents are complete legends and sorted everything out. All we had to do was send a single email okaying their suggestions and they took care of everything. It’s totally feasible to be a remote landlord and doesn’t need to be stressful if you get the right people. Good luck!

qnjdgu

The buy button was never turned back on – fluctuating DCA numbers

After I transferred my shares to Computershare, I noticed that my cost basis was about $20 higher per share than I recalled. I left about 20% of my holdings in Fidelity, so I went back to confirm if the cost basis had changed. Incredibly, it was even more drastic there. The shares in my Fidelity account showed a cost basis of over *$100 more per share* than I recall. Even though I am up overall, if you were to trust these numbers, it appears I lost thousands overall on GME. Strange, but will be good for my tax bill. I double checked all the transfers of cash I made from my bank account into my brokerage account, and it's significantly less than the total cost my shares based on the listed cost basis. And by quite a lot, especially in the context of my account. I was thinking about how that could have happened. There's really only one explanation that makes sense. **Brokers never bought the shares. The buy button has been off since January. It was never turned back on.** They *had to* have bought them at the time I requested the DRS transfer. Lo and behold, when I checked the date I requested the transfer, the cost basis I see in my Fidelity account lines up pretty well with what the price was around that time (August run up). That means that it was my DRS request that forced the broker to actually buy the shares. It's their accounting and book cooking that's lowering my tax bill. You want to take on that liability on my behalf Fidelity...by all means. They're happy to take your money and change the number on the screen to keep you satisfied. Give you the illusion you own shares. That's why they are able to manipulate price activity so much. It's not just the supply side (i.e., shorting) but demand as well. They just....don't buy them. No need to suppress demand if there's no demand to begin with. If that's true, I suspect we never voted in the proxy election. If we did, it was for one share, because **we did not own any**. They just created the illusion that we did, not unlike the illusion they create in our brokerage accounts that makes it seem we actually own shares that our broker bought on our behalf. A while ago, I asked Fidelity why I never received confirmation that that I had voted in the proxy vote. They told me they had **no record of me voting in the election.** Apes, I'm as balls deep in this as you. there isn't a snowball's chance in hell I failed to vote in this election. I am 100% sure of it. Get this: I had a couple other holdings in other companies that had proxy votes as well. When I searched my email and documents, I noticed I had received proxy voting materials for those elections in advance of the meeting. I have no such materials from the GME meeting. So even if I somehow fucked up and didn't vote, **I should have still received the materials in advance**. I never did though, out of step with other holdings' proxy voting process. Why? Because I didn't actually own any shares. **The broker never bought them.** The biggest risk for brokers right now is being forced to buy shares on the open market. It's why so many of them are dragging ass, making excuses, creating obstacles. By making the request, you are forcing the broker to go into the market and buy the shares. They thought they could pull a fast one on you and just change the number on our screen while pocketing your money. It seems to me that brokers are in a bad position here and probably have limited agency in what they can do. no one wants that amount of risk on their books for no reason, especially when a record number of DRS requests are coming in forcing them to go to market. They are probably only doing it because of operational dependencies. Speculation of course, but how scummy and shady they are being is likely a reflection of how dependent they are on citadel/virtu executing their orders. If the dependency was heavy, they presumably have to assume risk more now while the MM's try to come up with an exit strategy. TL;DR: the buy button was never turned back on. DRS'in doesn't only prevent lending and shorting. It's the only way our demand is actually reflected in the price. The good news is....a large portion of the buy pressure has probably never hit the tape. DRS'ing our pretend shares into real ones will create the demand we thought was already factored in all this time.

Superstonk

I was a bit confused at first, but I think you’re mixing up your Cost basis with dollar cost averaging. One is a strategy, DCA, where you repeatedly buy increments in dollar amounts of a stock/fund to improve your cost basis. This can mean you buy less shares or more, depending on the price of the stock at any given time. Your cost basis, is the average price of your total shares of a particular stock. Your DCA can change when you choose to buy $1k of a stock one month, versus your usual $500 in months or weeks past.

qtqq08

My own mother decided to screw me over. I'm just so tired of it all.

Hi everyone. I posted on this sub last month about how my life just imploded when my husband cheated on me and pretty much abandoned me and our two girls. I'm also a full time student/stay at home parent, who only gets a small monthly stipend due to my husband being a disabled combat war veteran. Things have just been...tough. I was able to get myself and my girls on Medicaid and WIC. However I wasn't approved for SNAP because my case worker said my stipend is considered income and she would have to look into it. Haven't heard from her since my interview on October 28th despite calling her and leaving voice-mails and even trying to reach her supervisor. I also got an email from my school that I was eligible for a CARES Act grant because my EFC is 0 and i was a full time student taking 18 credits this semester. I filled out the form my school sent to my email.... and my school applied that $700 grant to my fucking *spring* semester charges. Which they shouldn't have because I receive a tuition waiver and I have eRefund/direct deposit set up. I spent over an hour on Friday calling the financial aid department and arguing with their representatives because they kept telling me there was nothing they could do, they couldn't reverse the process. I was told to wait until Monday or Tuesday to call again so it could be escalated to an account specialist. So infuriating and stressful. And onto my situation now, I have to cut my mother out of my life. She came to visit last weekend. The whole time she was here, she kept complaining and belly-aching about how hard life has been for her. How she hasn't worked in weeks, can't afford this, can't afford that, etc. She knows how precarious my financial situation is right now but god damn does she know how to lay the sob story on thick. Against my better judgment, when she left last Monday morning, I made sure she had a full gas tank (over $100) and gave her some cash to help pay her bills/get her wome groceries, etc. It wasn't much but it was literally my last few bucks. Something in my gut kept telling me not to give her money but its also my mom so she knew exactly how to make it sound like she was in dire need and *needed* my help with promises to pay me back which now I know she was just lying through her teeth to me. So, to make a long story short, my uncle, her brother, gave her some money to give me. Basically paying off a debt that he owes me from a few months before my life imploded. He doesn't "trust banks" and gave her cash for her to deposit in her bank and send over to me. It wasn't much but damn if it wouldn't help right now. According to my uncle, he gave my mother that money at 9 am yesterday. My mother is now ignoring my calls and texts. My uncle said he went to her apartment and she isn't there. She isn't answering her phone for anyone. So that leaves me to believe she just took this money and fucked me over, again. Here I am, having panic attacks and fucking vomiting from the stress because it will be another 17 days until I get any type of funds and my own fucking mother does this to me, after knowing the situation I am in. This is low, even for my mom. So I just have to cut her out. Cannot believe she's willing to lose her relationship with her own child and grandchildren over a few hundred bucks. After all I did to help her out, she fucks me over like this. So let this be a lesson learned to anyone - don't loan money you can't afford to lose. I am so stressed my stomach hurts. I'm just in disbelief that my own mother did this. I knew she was bad off but I didn't think she would screw me over this badly. I'm tired of being her fall back plan when she messes up her own life so I hope it was worth it this time. It's time to cut her out completely.

povertyfinance

Wow. I am so sorry all this is happening to you right now. I remember the stress of having no money as a single mom and a student and yeah--its never a great feeling. And you're strong; I can hear it in your words. But it sucks to have to be strong all the time when even family is trying to screw you over. Family is supposed to be about supporting each other. Once you're able to concentrate a bit I know you'll be doing everything you can to get through this. For your kids. If in the US, calling 211 may help get you in touch with emergency assistance to get you through this. Many county websites also have resources listed you can contact for help. Hoping things get better for you very soon.

fybikv

Weekly FI Frugal Friday thread - April 10, 2020

Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! 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

Always, always YouTube how to fix something before replacing it or paying someone else to fix it. My garbage disposal was leaking all over the inside of my sink and it cost me about $2.00 (the price of plumbers putty) to make it good as new. The very next day my dryer started squeaking so loud it was driving our whole house insane. I bought some parts online and fixed it for about $30 bucks. DIY FTW!

y1ab46

Ken the Liquidity Fairy outperforms everyone this year. They all act surprised… “We don’t know how he does it” *wink wink

Citadel’s four hedge funds all generated double-digit returns this year, according to people familiar with the matter, outshining peers in turbulent markets. The company’s flagship Wellington multi-strategy fund returned 2.5% in September, bringing year-to-date performance to about 29%, the people said, asking not to be named because the information is private. Ken Griffin’s firm saw its Global Fixed Income fund climb 1.3% last month, bringing this year’s return to about 24%, the people said. Its Tactical Trading fund climbed 2.4% in September, driven by fundamental long-short and quantitative equity strategies, taking this year’s gain to 21%, they added. Citadel Equities rose 2.5% in September, with year-to-date performance reaching about 17%, they added. ByLulu Yilun Chen+Follow October 5, 2022 at 2:18 AM EDT

Superstonk

He’s back in the Chinese market this year… he’s taking the financial world to the cleaners. Ken continues to seem unscathed. Apes continue to buy, DRS and HODL! We know the truth! The truth will set us free!

28msfs

Extremely poor judgment by Coinbase to approve a 3rd party to release an app under their name

to quote /u/Logicwax, "Extremely bad move on Coinbase's part. Letting developers build apps on your API is one thing.....letting developers use your BRANDING, LOGOS, ICON, and NAME is a whole other can of worms. to quote /u/Ojisan1, "Even if the coinbase blog announced it, it's not their app. They can say they verified the code but this dev could change it any time he wants. If coinbase wants people to use their service with a potentially-risky 3rd party app, well, that's their reputation on the line." to quote /u/OptimistLib, "You guys are nuts, If the developer ran away with your user's money, people will blame coinbase and not the app developer. How on earth can you let somebody else use your branding? This is lame. Shame on you coinbase." COME ON COINBASE! This is huge that Apple is now allowing bitcoin wallets in the app store. We've been waiting months for this and the time is now. Release your official app or at least don't let other apps use your branding to make it seem like this is official. If something goes wrong with the current 3rd party app, it's the Coinbase reputation at stake. Coinbase is a very important on ramp for new users and a blow to that reputation is bad for the whole community. EDIT: For those of you who don't know what's going on: Here is the a link to the app - https://itunes.apple.com/us/app/coinbase-bitcoin-wallet/id886427730?mt=8 Here is a link to the some of developer's sites: http://vilcsak.com/ https://twitter.com/vilcsak https://angel.co/vilcsak Here is are a few of Coinbase's responses: https://twitter.com/coinbase/status/479799235122954240 http://www.reddit.com/r/Bitcoin/comments/28ldls/coinbase_ios_app_back_in_apples_app_store_on_61914/cic2826 http://www.reddit.com/r/Bitcoin/comments/28ldls/coinbase_ios_app_back_in_apples_app_store_on_61914/cic213b EDIT #2: For all you saying this is no big deal and I'm being too paranoid; It would be so simple for Coinbase to squash this argument and just release an official inhouse app EDIT #3: Very relevant post from twobitidiot: http://two-bit-idiot.tumblr.com/post/89367921989/a-plausible-explanation-for-the-non-coinbase-coinbase

Bitcoin

Very poor judgement indeed. A smart hacker would create the app that's complete legit, wait for the user base to grow, then 1 day with "minor bug fixes update", BAM! Everyone's funds GONE!! Coinbase can either hire that guy and make the app their own, or strongly discourage any downloads for the app. Any other response would be extremely short-sighted and irresponsible of them.

i9cr9c

How do you make sure you're doing parameter optimization and NOT overfitting?

Just because the parameters you backtested returned the highest P/L today, this does NOT guarantee the highest P/L in the future. How should one go about determining what parameters works best for their algorithm? I have read about other various methods such as: * Monte Carlo simulations * Deflated Sharpe Ratio * Backtesting your parameters on different assets * Backtesting your algorithm on training data, then backtesting it on your test data Are there any other approaches? At what point do you know you are overfitting instead of doing parameter optimization?

algotrading

Yeah so this is where standard statistical approaches come in, first starting with just setting a range of values for each parameter and testing each combination. This I assume you've done. Things you want to look out for are parameter convergence. Like you said you could have a set of params (e.g. bollinger bands and RSI windows) that do really well, but you also want to check how the nearby params around these values perform. E.g. if 21 and 14 have good results, but using 21 and 13 and 21 and 15 have very bad results, it's likely overfit. You also want to split into training and test sets, and the most robust way is one a rolling basis. E.g. you optimise the params on 1 year of training data (starting 1st Jan 2018,l and check performance across the next 3 months (test data). You then roll forward to 1st Feb 2018 and keep repeating this process, and if you see consistently strong performance with a set of parameters then you have a much better idea of their performance. The rolling method can be time and computationally expensive, but it really weeds out big overfits that could really fuck you over if you start your algo before a big drawdown occurs

gen1qe

Career change

I’ve a background in finance and computer science, working as data scientist for a tech company. I’m looking for new challenges and I’m thinking about going full time time as quant trading. I’m looking for the intellectual challenge to apply advanced algorithms and AI and leverage my domain expertise in a given industry. I’ve been trading stocks for over 10 yers, but never built models or applied anything more than basic diversification strategy and mostly my understanding of a given industry. However, I do feel this is a filed I could leverage both of my passions (cs and finance/economics) Do you think I’d learn more if I get a full time job in the field or if I do research and operate as independent trader?

algotrading

Not an expert here, but I share your passion. I personally think having your current job and doing research on your own time would be the best approach. I made myself a ML model and I'm testing it now (10% in the first 2 weeks and backtest looks phenomenal) without having any education in finance. I'm an electronics engineer and Working in embedded systems, but finance is just something that I think I can make some money out of. Why I think its better to keep your job? It's all about the comfort of diving in something different and experimenting things. Having your current job you can fail at finance and still have your life unimpacted too much, but if you go full finance and you don't like it you might regret the move and it would hinder your ability to learn and embrace all the new stuff. Just my opinion, take it with a grain of salt.

gzjzio

Key parameters for profitable systems - Forex

I've been building and testing systems in MQL5 in MT5 for over a year now and have had little success with my builds and backtesting. Feeling quite discouraged :( Are there any of you guys that have been successfull with FX systems? If so, what do you find are the key parameters to your system (trade time, TP/SL etc)?

algotrading

I’ve found most success on 1D and 4H timeframes. Too much noise on anything lower. Base your stop loss on the ATR. i.e how much is the price been fluctuating over the last 10-14 period and place your SL outside this range to allow your trades to breathe a little. When building all of my systems, it was quite easy to pick entry points on the big moves, but any gains would be eroded away by choppy and ranging markets. The most important thing is to work out how to determine when you should be out of the market. It’s much better to take less trades , if the trades you do take are big ones. I use a combination of Bollinger Bands and Keltner channels to work out when the markets are choppy and ranging, or when price is trending strongly. The best advice I could give is to really understand what the indicators are trying to tell you mathematically. And then find one indicator which will give you entries, one indicator which will give you trend strength and direction, one indicator that which will give you the long term trend, and another which will keep you out of choppy markets. Many people use a combination of indicators which tell them the same thing, you need to isolate indicators which are each telling you different aspects of the current market. Concentrate on eliminating the bad trades. What does your current win rate, profit factor, drawdown and sharpe ratio look like ?? Good luck.

z8cnb7

Sharpe vs. Sortino vs. Net gains vs. Max drawdown

I am a newer algo trader working on optimizing an algo I created for Ninja Trader that is throwing a huge range of results. I have also run these a few weeks on live sim to confirm live resembles back tests. The live tests are showing similar results to the backtests. Overall I was wondering if anyone has some advice on a good mix of the 4 items listed. Should I focus more on the sharpe & Sortino to prevent over fitting? The lower end of the sharpe is around .91 the upper end is over 2.0 but some of the higher sharpe results have a smaller net gain and larger drawdown. My thinking is focus heavily on max drawdown, net gain & sharpe. But would love to hear from some more experienced algo traders/developers.

algotrading

In my opinion trying to optimize any kind of performance metric in backtesting usually leads to overfitting. Instead, I would suggest using a set of parameters that look sensible and just use backtesting to verify whether the strategy's performance is similar to performance of well known trading strategies. Based on my experience, a successful trading system's annual Sharpe Ratio is between 1.5-2.0 in backtesting. You can expect the half of that in real trading (so 0.75-1.0). If your backtest show similar results I would give that strategy a go with a small account. If you end up getting better numbers (for instance above 2.0) in backtesting, that usually means you overfitted and you should either do less optimization and/or use more data.

hdrzo1

Black box strategies.

I'm sure many people have tried this. I would love to hear stories of those who have tried black box strategies such as reinforcement learning methods. Evolutionary mutation, Q learning, Deep nets etc. What aspects worked? What didn't? Do you have any book or resource recommendations for these type of strategies?

algotrading

I’ve spent some time training some deep nets for price prediction. One was a regressor, which attempted to predict the price percentage change of a security in one hour given the last 3 hours of price movement. The other was a Mixture Density Network, which created a multimodal probability distribution for each prediction. The latter was not very successful as it tended to revert to a standard normal distribution. The former was more successful and reached ~56% accuracy (In predicting price movement direction). I am still trying to improve the accuracy of the network. I became a believer in using deep networks for algorithmic trading, specifically RNNs, after reading Rama Cont and Justin Sirignanos paper on their ‘Universal Price Formation Mechanism’, in which they using LSTMs to predict whether the price of a share will increase or decrease. They made many notable discoveries which helped me start along this path, one being the problem of universality. One of the most challenging parts of using deep nets is the amount of training data required and the organisation of such data. In order to train a network well, millions of data samples are needed, and they must be presented to the network in a way such that there is limited bias. I will continue to work with many forms of deep learning to predict price movement and would recommend it. If anyone wants to discuss it, message me and we can talk on discord.

ytq7ew

Does anyone use TD Ameritrade's API? Having trouble finding information on it.

I am finding it difficult to find documentation for the API as a product. I have found the API documentation but only via a Google search. I can't find any mention of the API through their website. Are they planning on getting rid of it? What are the requirements and costs to use it? Thanks for any information.

algotrading

https://www.reddit.com/r/algotrading/comments/c81vzq/td_ameritrade_api_access_2019_guide/ https://www.reddit.com/r/algotrading/comments/guneln/i_wrote_a_python_wrapper_around_td_ameritrades/ i used the first guide a few years ago. PITA but it worked.

wk4qcc

Evaluating and optimizing performance of a strategy?

I know this is a bit of a beginner's question, but I'm actually a bit stuck on it: what criteria should be used to evaluate the performance of an algo strategy and determine whether or not it's "successful"? I have an algo trading strategy that I've been working on and repeatedly backtesting and tweaking over the last few months. But I'm having difficulty determining if it's working well enough (/ correctly enough) to actually start trading it. The algo in question is an equities position trading algo (i.e., positions can be held for months). I've been testing it out on various timeframes, but the performance varies greatly. On some timeframes it absolutely crushes; on some, it earns a small profit; and on others it can experience a small-to-medium sized loss. (Basically, when it hits the type of scenario I'm targeting - i.e., a strong trending market - it does well.) If I tweak certain parameters of the algo, I can definitely minimize the losses it experiences - but at the cost of also minimizing some of the gains during the time periods when it wins big. I'm getting a bit stuck in this tweaking-and-testing cycle and trying to figure out how to break out of it and move forward. Given the type of strategy I'm using (and the long time-frame) I think it's inevitable that it will have losses at certain times, and I need to accept and account for that. But I can't quite figure out exactly where the "sweet spot" is that I should be aiming for. Should capital preservation be the priority and so I should minimize losses as much as possible? Or is that just "playing to not lose", and I really should be looking to maximize gains as much as possible? (With the idea being that the big wins will overcome the smaller losses.) Any advice and/or pointers to some good readings on this topic that anyone might have would be a huge help to me in clarifying my direction from here.

algotrading

First you have to split your data into test data and validation data. Preferably, the validation data would be the most recent. Otherwise, future knowledge leaking to the past is a possibility - which renders the model useless. Secondly, you shouldn't be optimising on the entire data set. You can do all your tweaks and optimisations in the test data. But validation data is just used to run the finalised model and see whether the optimised model actually provides the expected performance in the validation data's time period. Third, there's no sweet spot. Fourth, use parameters such as Sharpe ratio, Maximum Drawdown, Average yearly PNL, Return distribution, Win Rate, Risk Reward, etc., to evaluate your strategy. The higher the number of trades, the better off you're concluding anything from backtest. For a positional strategy, test for at least 300+ trades. As many years of backtest as possible is preferable. The more the better. I usually go for 10+ years of backtest, keeping last 2-3 years for validation. And, I don't stop with validation alone. I also run a forward test for 25-50 trades and see if the performance is decently matching given the market phase and conditions. The evaluation also highly depends on the kind of strategy you're backtesting.

stozx9

Thinking about starting with algorithmic crypto trading.

Hello, I'm just thinking about starting with algorithmic crypto trading, I just search on GitHub, and found a list of open-source trading bots. I just wanna ask which trading bot helps you in getting more profit. I'm thinking to start it on Binance with [Automated cryptocurrency trading bot](https://github.com/edeng23/binance-trade-bot) .

algotrading

If anyone has a profitable system, there is zero incentive to share it publicly, so anything you find on github does not work. You can’t just “start it” by running some code you find online, you need to try and formulate novel hypotheses about the market and put them to the test. [This](https://www.reddit.com/r/algotrading/comments/so6wkw/im_likely_the_10000th_person_to_enquire_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) was a thread recently where someone was asking about a similar strategy.

peb2p3

A couple of days ago, Bitcoin dropped $3100 in mere hours. Last year, BTC was ONLY worth $3700.

If Bitcoin had lost this much in March 2020, that would have been an epic crash of 84% in just a few hours. Bitcoin is unbelievably massive. I know all the "grandpa" jokes/memes are flying around, especially in the daily but consider this scenario: "Bitcoin can't get me 100x, so that's why I'm buying [insert moonshot coin name]" Ok, I get it. You want to be in the game. The lure of hitting a 100x or 1000x on a coin is sweetly intoxicating because school/work/life sucks. So you pick your fledgling coin, you've studied the tokenomics and you decide it's got as good a chance as any to rise up to the top 10. Risky? Yes. To that, I say: Well, if you're going to be risky, why not put that risk in Bitcoin? If Bitcoin going to $5 million (100x) is a moonshot and coin x doing 100x is a moonshot, ask yourself: If you're wrong, what's the worst that could happen? **Choose Bitcoin:** It doesn't 100x. But it's almost certain to hold its value in 5 years time as anyone whose ever hodled BTC for more than 4 years is in profit. **Choose Coin x:** It doesn't 100x. But in 5 years time, it could be a ghost chain, discarded and forgotten, down 90% or more from ATH. That's the true beauty of Bitcoin: Buy buying it, you have a chance to witness a 100x, and you most definitely won't lose money if you hodl 5 years. Smart money is in Bitcoin. I hope your long shot moons for you, but I'm betting on Bitcoin blowing past 100x or a 1000x after the 2032 halving. Full disclosure: My crypto portfolio is nearly 80% Bitcoin.

CryptoCurrency

I feel the same but about Ethereum rather than Bitcoin. I think at this point Ethereum is actually a safer bet than Bitcoin long term, because ultimately bitcoin only acts as an investment hedge, like gold. There is not much propping it up in terms of fundamentals in case everyone wants to withdraw during a future crisis. But Ethereum is actually supporting a billion dollar industry that has kind of become "too big to fail" as far as crypto goes. It's hard to see how there could ever not be demand for ETH.

lpobfy

Do not panic. This is OK

Hello Everyone, I have been hodling since early 2017 and been through the ups and downs. Since a lot of people are asking if they should sell in the daily discussion I thought it's best to adress the elephant in the room These swings are normal and necessary. Just expand your graph to 7, 14 days or a month. It dipped from 40 to 30 and went back up to 58. Lots of people said this is the dump and it's going back to 20. Paypal is in BTC, Tesla and Mastercard started. More and more players will adopt bitcoin. Just imagine if Amazon is gonna dip their feet in there. However, if you have money in there you can't lose its up to you. But there is no need to panic. Breath, expand the graph, your up. So chill and hodl

CryptoCurrency

If you're going to make it in this market you have got to get it through your head that BTC and crypto will NEVER only go straight UP - EVEN DURING A BULLMARKET It has to cool off and refuel for the next leg up.

627qio

Many BU supporters seem completely unaware that BU requires eventually removing the 21 million supply cap.

Peter Rizun (head BU dev): "To have a fee market with no block size limit you need Bitcoin's inflation rate to be nonzero" http://np.reddit.com/r/btc/comments/61a4uk/to_have_a_fee_market_with_no_block_size_limite/ "I don't believe a fixed supply is a central property of Bitcoin." https://i.supload.com/r1pdI_mDg.jpg Roger Ver has also said that he is okay with the risk of bitcoin becoming paypal 2.0 I think if this was more widely known there would be much less support.

Bitcoin

Some people here say miners want BU so they have gouge people on fees. Now we have this poster suggesting miners want BU so they can charge *no* fees. So which is it? Either way, BU doesn't give an unlimited blocksize. If say at some point in the future the blocksize is too big, and block reward is almost 0, then miners make no money from transaction. So they can reduce the blocksize to start a fee market that would be appropriate. Raising 21M limit seems to be a deal breaker.

vyfr90

Are rewards credit cards even worth the hassle?

My credit is in a good place that I'm able to get a decent rewards credit card, but it seems the rewards are almost non existant? Tesco bank offer club card points, 1 point for every £4 spent in Tesco, and 1 point for every £8 spent elsewhere. If I spend £200 on groceries and £800 on other debit card payments, that equates to 150 points per month. 1 point = 1p, so in effect I get £1.50 per month? Amex are offering 1 point for every £1 spent, 1 point being roughly worth 0.45p so £1,000 in a month =£4.50. Am I wrong here, but it seems that the return on these cards is just minimal and not worth the impact on your credit file applying?

UKPersonalFinance

What’s the “hassle”? An imaginary number going down for a month or two? Come on, you may as well worry about it impacting your Reddit karma score for all that it matters Setup DD to pay in full monthly and there’s precisely zero hassle. And free money, even if it’s small.

bkcsfz

Just bought a house - Closing Scam.

Closed on a house this past Tuesday. The previous Thursday we get an email from someone pretending to be the closing lawyer asking us to wire them the closing money - which obviously is a pretty significant chunk of change. The email was super legit looking. Had my name, wife's name, the address, had a fake version of our realtor's email in the CC, had the lawyer's letterhead, and the name of the employee at the lawyer we've been dealing with. They knew close to the actual amount, and the bank they wanted the money wired to was in the city of the lawyer's office. I can totally understand how someone could fall for it. My wife even responded to the first email with something like "Ok, give us the a bank info and final amount.". I caught it there and nothing was wired. They ended up trying again this Monday with the same series of e-mails. Stay safe out there everyone. Edit: The red flag for me was the faked realtor email address in the CC of the scam email. Instead of "johndoe@yournewhouse.com" it was "johndoe_yournewhouse@fake.com". It came up as just JOHN in the email header, and I actually would not have seen it if I hadn't clicked on and expanded the addresses in the email.

personalfinance

This is exactly why we did a cashier's check for ours. I work in IT and we've had clients compromised by similar scams. I was really glad when our lender urged us to do a cashier's check instead of a wire amount.

yjdjls

Any tips on surviving the lull period between now and when your debt management plan starts?

I have £0 in my bank account with more pending bills coming out that are going to bounce. I don’t get paid until the 27th November. I submitted an application for a debt management plan to pay off my debts at £428 a month for the next 5 years. I have yet to hear back from Step Change. If they accept my application then next month and December should be fine. However, I’m at a loss of what I’m supposed to do to get me through now and the 27th November. I’ve sold my TV, laptop, mobile phone, all pairs of shoes except my boots and my bed frame. And the money I earned selling those items isn’t enough to even pay off the pending bills I have coming out of my bank across the next few weeks. I have nothing left to sell. I work full time and can walk to work so I don’t need to worry about that. Fruit, bread, tea and coffee is free at my work so at the moment I’m surviving on that. I just wondered if anyone else had been in this position before where the tank is well and truly empty and there’s a big chunk of time between now and when your debt plan starts.

UKPersonalFinance

I haven't been in this position before but just wanted to wish you good luck with the application, hope it's accepted and that you hear back soon. With regards to food, could you get a referral to a food bank? I understand Citizen's advice bureau do referrals, they just require an initial appointment with you to discuss the circumstances. That would cover you for food at least until the end of the month. Are there any relatives/friends that you could borrow money from that you would pay back on the next payday? That'd be easier to repay and way better for your credit than a payday loan.

u2q3c8

Final year Uni student, earned about £50k whilst at Uni and still living with parents… do I pay off my loan?

Seen all the posts today about the absolutely ridiculous interest rates coming to student loans… I’ll graduate in summer with a student loan balance of around £42-43k, for context, I saved a lot of money throughout Uni, I decided to stay with my parents and commute which actually worked out well given how the last 3 years have gone… During my time at Uni I started a side hustle, and have profited around £50k (pre-tax) in the last 16 months. It feels great, and my plan was to save and use this money for future stuff e.g. house deposit (I have a LISA), maybe even a new car… However, it’s come to my attention that the situation with interest and student loans is obviously getting worse and worse and worrying people: I currently have around £60k in savings, as an accumulation of earnings from the past year and previous savings, I owe around £5-6k in tax, so let’s say I currently have £55k hypothetically… **Do I just take a £42-£43k hit and fully pay off my student loans? Or would this be a completely idiotic thing to do at my age?**

UKPersonalFinance

At your age I'd probably keep that money in your pocket for a house deposit or something boring like whack it in a pension. Do you know roughly what you'll be earning in your field once you've graduated? And this will be of use to you: https://www.moneysavingexpert.com/students/student-loans-tuition-fees-changes/ updated only last week.

y2izem

Notary lost my mortgage docs and closing costs

I recently got divorced and am refinancing the house under my name with the same bank. I signed paperwork and sent my cashier's check off at the end of last month with the bank's mobile notary and he dropped it at the wrong carrier. They lost everything and the bank didn't notice for weeks. I "missed" a mortgage payment because they had instructed me at closing to skip this month's payment due to my new mortgage payment starting in November. I have to do another closing and the costs are almost double due to interest on the days the mortgage wasn't paid off. Luckily my local bank agreed to waive fees to stop and reissue the cashier's check, but I am livid that I'm out basically a mortgage payment in interest fees for something not my fault. Any hope in getting credited or reimbursed the interest fees? I have banked with them for over 20 years and feel like they should try to fix it.

personalfinance

You should definitely bring this up with the closing company and your bank. Whoever picked the notary should be responsible.. I work in escrow and usually we watch the docs that have gone out like hawks and track them until they come back into the office because timing for interest rate locks are very important. If you’re being charged extra to extend your interest rate lock, they need to reimburse you for the amount you’re being charged. If they don’t, you should escalate it to who they have their license registered with and submit a claim there

ngv55x

Daily FI discussion thread - Thursday, May 20, 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

A few days ago a realtor called me to tell me my offer was accepted on a house, and then called back a few hours later and was like "Lol jk called the wrong person, your offer wasn't accepted." Last night my offer was accepted on a different, better home! It seems to be real this time, even though I am hesitant to celebrate too much.

yzmwa2

Down the Rabbit Hole of the History Behind RC's New Venture: Children's Books and Teddy.com

So I was doing some browsing on Reddit and came across someone linking to a trademark filing related to "Teddy," presumably linked to RC. So I went on a little journey and what I found is quite interesting. **December 13, 2019**: Ted Cohen, RC's father, passes away unexpectedly. The obituary was published on December 16, 2019 in the Montreal Gazette ([link](https://montrealgazette.remembering.ca/obituary/ted-cohen-1078009694)): [Ted Cohen obituary from Montreal Gazette](https://preview.redd.it/e1geletk1z0a1.png?width=841&format=png&auto=webp&s=181b2a5fcec71fa8a296476c225c59d8dc84cd11) In RC's new book series, he actually uses the real names of Ted's grandchildren (presumably RC's kids), Kingston and Princeton. **August 13, 2021**: First trademark application submitted for "Teddy" by Teddy Holdings LLC ([link](https://uspto.report/TM/90881318)). The description reads: "TEDDY® trademark registration is intended to cover the category of provision of an online marketplace for buyers and sellers of goods and services." This is fairly generic and right up RC's alley, but it lacks any specifics. The attorney of record is Mary L. Grieco and the registered address for Teddy Holdings LLC is 251 Little Falls Drive Wilmington, Delaware. There is an image submitted in the application: [Image included with first trademark application for \\"Teddy\\" by Teddy Holdings LLC](https://preview.redd.it/evlhvpw42z0a1.png?width=1440&format=png&auto=webp&s=ccbb2c0fbda204a5fd3d57eed3af0a3df5b8cacf) This is probably an early conceptual image of what RC was designing and dreaming up. Notice that the URL is [teddy.com](https://teddy.com) — the same URL used for the current book website. **December 22, 2021:** 2 trademark applications are submitted with the following descriptions: 1. "Mark For: TEDDY™ trademark registration is intended to cover the categories of crayons; Markers; Pencils; Pens; Stationery; Stickers; Blank writing journals; Paper notebooks; Printed greeting cards; Printed posters; Series of printed children's books." ([link](https://uspto.report/TM/97185368)). 2. "Mark For: TEDDY™ trademark registration is intended to cover the categories of dolls; Balls for sports; Board games; Card games; Children's multiple activity toys; Infant toys; Party games; Pet toys; Plastic character toys; Playground balls; Playing cards; Plush toys." ([link](https://uspto.report/TM/97185420)) Here we can see the concept being more fleshed out, but it seems as though the e-commerce idea has been scrapped and the children's books idea has become integral, among other things listed. **August 12, 2022**: There are 6 trademark applications submitted. It is also worth noting that this is roughly 4 days before RC dumped his entire BBBY position. 1. "Mark For: TEDDY® trademark registration is intended to cover the categories of sunglasses; Audio books in the field of children's fiction and non-fiction; Audio books in the nature of novels; Cases for eyeglasses and sunglasses; Cases for mobile phones; Computer cases; Downloadable computer programs for video and computer games; Downloadable multimedia file containing artwork, text, audio, and video relating to children's entertainment authenticated by non-fungible tokens (NFTs); Non-fiction audio books on a variety of topics." ([link](https://uspto.report/TM/97546123)) 2. "Mark For: TEDDY™ trademark registration is intended to cover the categories of furniture; Pillows; Figurines of plaster, plastic, wax, wood; Mirrors; Picture frames." ([link](https://uspto.report/TM/97546136)) 3. "Mark For: TEDDY™ trademark registration is intended to cover the categories of cups; Dinnerware; Mugs; Vases; Beverage glassware; Figurines of china, crystal, earthenware, glass, porcelain, terra cotta; Travel mugs; Serving platters." ([link](https://uspto.report/TM/97546165)) 4. "Mark For: TEDDY™ trademark registration is intended to cover the categories of comforters; Throws; Towels; Bed blankets; Bed sheets; Duvet covers; Shower curtains; Textile tablecloths; Table napkins of textile." ([link](https://uspto.report/TM/97546181)) 5. "Mark For: TEDDY™ trademark registration is intended to cover the categories of bandanas; Coats; Dresses; Footwear; Hats; Headbands; Leggings; Loungewear; Pants; Shirts; Shorts; Skirts; Sleepwear; Socks; Sweaters; Sweatshirts; Swimwear; T-shirts; Underwear; Caps being headwear; Wrist bands as clothing; Clothing jackets." ([link](https://uspto.report/TM/97546219)) 6. "Mark For: TEDDY™ trademark registration is intended to cover the categories of puzzles; Children's educational toys for developing fine motor, cognitive, counting, coordination spelling, and math skills skills; Home video game machines." ([link](https://uspto.report/TM/97546248)) Now, looking at the stuff listed, it seems rather eclectic. We do see a focus still on children's related stuff, but it seems like so many other categories are being included as well. Either RC is simply covering his bases in terms of securing a trademark in all of these categories, or he's setting up for a move that will embrace all or most of these categories. One speculation I've seen going around is that he might be taking a shot at Bezos by calling himself "the Book King" ([link](https://twitter.com/ryancohen/status/1593989511171784705?s=20&t=SQxZi1J1ltk1Z07_Or8UAA)), in which case, is he really making a move to build an Amazon competitor? I don't know, but it's interesting nonetheless. Going back to the image included with the first trademark application, and then looking at all the other applications submitted after it, I have to wonder at what sort of products RC has in mind here. In the image, they are clearly geared towards children, though one could argue that the Yoda Lego set might be venturing slightly away from the strictly kid focus and into an older audience category. Either way, it is interesting to see where RC's mind was back then and it might also explain his looking into Gamestop and making the move he did. However, taking that in tandem with the items listed in the other patents, which come mostly in 2022, we see items that are not only potentially appropriate for Gamestop, but especially BBBY, and with the focus on children, their BuyBuyBABY brand. I won't speculate into whether he's still interested in BBBY/BuyBuyBABY (there's lots of speculation elsewhere about it), but either way, it looks like he's taken a different focus with the [teddy.com](https://teddy.com) concept as it currently exists (though I admit it could just be temporary). Is RC going to attempt to build an empire? Is GME and even BBBY part of it? At this point, who knows. We're all just along for the ride. But I thought it'd be interesting to present this nonetheless.

Superstonk

Hate to tell you, but that picture was submitted in September 2020 by the original trademark owner of teddy.com. Teddy Holdings bought it in August 21 like you say. Source: https://tsdr.uspto.gov/documentviewer?caseId=sn90189726&docId=SPE20200921132550#docIndex=7&page=1

vzoti3

BofA has mortgages available for lower incomes

Just got off the phone with the most helpful realtor ever who pointed me at Bank of America for getting pre-qualified for a mortgage. They are temporarily offering different assistance programs like a mortgage for people with an income under like $64k yearly which is a lot of us! It only has a downpayment of 3% which is incredible for a mortgage. You can also combine this with their downpayment assistance which varies depending on your area (for example locally for me it's up to $7500 they'll put towards either your downpayment or your closing costs). Some of the programs require an online homebuyers education course but that's absolutely worth it. Their website shows what programs they have by area so if you'd rather be paying a mortgage than rent and get lucky enough to find a reasonable property, this might be the help you need to make that jump. I have my own appointment set up next week! You don't have to bank with BofA to qualify either. If this can help even one person make the jump to homeowner I will be thrilled. EDIT: had my appointment and here's what I can share! - it is a fixed rate. I know a lot of the comments raised concerns about that and they are totally valid. - most of the information is very specific to you as an applicant so I unfortunately don't have much that can help. You will need a credit score of 640 or higher and make less than approx. $65k annually to qualify. - the rate of interest is a little higher than the national average (think 6.3% instead of 5.3%) but there are opportunities to pay more of the appraisal/closing to get a lower rate - the mortgage does not cover homeowners insurance and property taxes, which I didn't expect it would - if you do call to get pre-qualified and have them run your credit, you have 90 days until they have to check it again so plan your timing strategically. Additionally, you have two weeks to check with other lenders without negatively affecting your credit score further. There were many fantastic suggestions in the comments so I definitely recommend giving those a read. Good luck out there y'all!

povertyfinance

Sounds like first-time homebuyer FHA program. If so, plenty of info online (fha.gov). Structured very similarly to a VA loan (government backed), but VA loans are $0 down … another benefit of military service. Many lenders to FHA loans so shop around.

pam30m

The Melvin Capital Misdirection

TLDR: As you’re all familiar in late January 2021 the game was stopped and the message that a short seller by the name of Gabriel Plotkin made a “bad bet” on GameStop was [broadcast](https://www.wsj.com/articles/melvin-capital-lost-53-in-january-hurt-by-gamestop-and-other-bets-11612103117) far and wide - as if it were a one-off fluke. Recent disclosures have me thinking otherwise. Background: Here is a quote by Gabe at the February hearing stating Retail Investors exploited an opportunity prior to the buy button being turned off: >“The financial markers are changing. There’s a lot of new players. Um I uh think they saw an opportunity to you know, drive the price of the stock higher uh and you know today with social media and other means there’s the ability to you know kinda collectively do so. Uh that was a risk factor that up until recently we had never seen before. And I think, with Retail Investors you think about, and they’ve become really adept at this, investing in the internet or software stocks, electric vehicles, You know, y’know ideas with big opportunities and and they chase them because they believe in the fundamentals - **I think this was very different in that a lot of the “Meme Stocks,” *you know these were businesses with real challenges***, um but **they exploited an opportunity, y’know, uh around short interest and and the way that was approached** and I think, you know, us and Melvin will adapt and I think the whole industry will have to adapt.” - [Gabriel Plotkin min. 1:18-2:12 - Feb. 18th, 2021](https://youtu.be/orMxmQyy_tA) Kind of weird, right? Why did Gabe feel the need to point out the fact “Meme Stocks” were, you know, businesses with real challenges? One clue might be a [Credit Event](https://www.cdsdeterminationscommittees.org/cds/europcar-mobility-group-s-a/) that occurred on January 13th, 2021. Why? Because the settlement auction for this credit event was held on January 19th, 2021 - six days prior to the Citadel and Point72 “[investment](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340)” in Melvin Capital - for which I see no other explanation for beyond [Securities Lending](https://www.investopedia.com/terms/s/securitieslending.asp). This is not only evidenced by what I believe was the posting of collateral by Citadel and Point72 on [January 25th, 2021](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) but also the recent “redemption” by Citadel on [August 21, 2021](https://www.wsj.com/articles/citadel-to-redeem-about-500-million-from-melvin-capital-11629550410), one day after the T+35 date associated with July 16th, 2021. It might also be worth noting that both Point72 and Melvin appear to deal in Securities Lending, as indicated by the social media profiles of their in-house counsels whose CVs mention MSLA, which stands for “Master Securities Loan Agreement.” You can even apply to be a Securities Lending Trader at Point72 [here](https://careers.point72.com/CSJobDetail?jobName=securities-lending-trader&jobCode=IVS-0008260&retURL=/CSCareerSearch?filters=_area=treasury). Context: So there was a credit event, some assets were auctioned off and then maybe lent to another financial institution to assume their risk. So what? If the credit event from January ties the recent collapse of a supply chain finance company and family office together the way in the which I believe it does, then the assets on loan could’ve been extremely risky given they: >”(ii) generated among the largest scenario exposures of all global hedge fund portfolios (with the largest limit breaches); and (iii) had a portfolio that was among the most concentrated, leveraged, and volatile of all CS hedge fund clients.” - [Credit Suisse, Pg. 27 - July 19th, 2021](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf) And also: >“This margin erosion was exacerbated by the specific form of swaps that Archegos favored, so-called “bullet” swaps, which did not periodically reset to the current market value (with a corresponding increase in margin) and had an average tenor of 24 months.” [Credit Suisse, Pg. 7 - July 19th, 2021](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf) Hypothesis: Interestingly enough, while re-researching Melvin and Securities Lending, I came across a post on another GME forum talking about an email they received from Apex Clearing on March 27, 2021 (one day after the liquidation of a family office took place) talking about updates to their Securities Lending program and a link to their [new MSLA](https://www.apexclearing.com/wp-content/uploads/2021/03/Apex-FPSL-MSLA-2021.pdf). These agreements appear to specify all the rules associated with a securities lending agreement and in the Apex document there is a clause that specifies something neat called a “Cutoff Time”: >”if either party (a) shall fail to perform any material obligation under this Agreement not specifically set forth in clauses 12.1 through 12.7, above, including but not limited to the payment of fees as required by Section 5, **and the payment of transfer taxes as required by Section 13, (b) shall have been notified of such failure by the other party prior to the Close of Business on any day, and (c) shall not have cured such failure by the Cutoff Time on the next day after such Close of Business on which a transfer of cash may be effected**” **This struck me as particularly fascinating given the timing of the recent $500mil redemption by Citadel on August 21st, 2021 - one business day after the close of business on August 20th, 2021 - the T+35 for July 16th, 2021.** 💩 Conclusion: If Retail Investors were truly the culprit for the exploitation of an, uh, opportunity around short interest then why did Ryan Cohen begin investing in GameStop in [2019](https://www.wsj.com/articles/gamestop-ryan-cohen-chewy-meme-stock-11628776861) and why did Gabe desire to withhold disclosures of other companies that were facing some “[real challenges](https://www.wsj.com/articles/goldman-feasts-at-expense-of-food-company-client-suit-claims-11548884825)”: >“Plotkin obtained permission from the U.S. Securities and Exchange Commission to delay required disclosures starting in February, after Reddit traders used the fund’s earlier filings to target stocks he had likely sold short. Yet by then, the damage was already done: The group banded together in January to trade in the opposite direction, an unprecedented move by retail investors that saddled one of Wall Street’s most successful traders with a stunning monthly loss of 55%.” [Bloomberg - August 20th, 2021](https://www.bloomberg.com/news/articles/2021-08-20/melvin-ramped-up-new-bets-against-stocks-before-55-january-rout) Maybe Gabe and Point72 have been intentionally using Reddit as a scapegoat to skirt disclosure rules that would otherwise apply to virtually anyone else in attempt to rein in volatile exposure related to illiquid, future-dated, unexercised bullet swaps tied to companies that Institutional Investors were expecting to be bankrupted by way of Manufactured Default. If the $500mil “redemption” were related to a breach in MSLA contract the Reddit/Retail misdirection could have potentially been in vain and indicative of an inability to rein in exposure. 💀 — Just a Retail Investor who reads the news, not a financial advisor.

Superstonk

Commenting for visibility and for the fact that I absolutely agree with your summation. It will be beyond interesting to read about this 10 years from now and see the inevitable movies/documentaries to come from this. No doubt the sheer criminality of it will be the highlight.

28n709

Renting permanently instead of buying

I never see any posts talk about renting forever instead of buying. I'm just wondering what you guys think about it. I know some people just can't afford to buy a house so they have no choice, but what about people who could choose to buy a house but don't? Is it ever the right choice? Is it a bad idea to not own a home when you retire?

personalfinance

For a great article on the subject, check out [Roots v. Wings](http://jlcollinsnh.com/2013/03/20/roots-v-wings-considering-home-ownership/) by Jim Collins. There are two trade-offs to keep in mind. You can figure out whether renting or buying is a better financial choice for you. But they're also very different lifestyle choices. Are you the kind of person who wants roots: a home that you modify, neighbors you can know for 20 years, a place you can always rely on? Or are you the kind of person who wants wings: freedom from having to worry about maintenance and repairs, the ability to move somewhere new on a moment's notice? If you want wings more than you want roots, then renting may be the right idea, even if it's more expensive than owning. Honestly, the biggest cost difference isn't between renting and owning; it's between different qualities of housing. In most places, it just so happens that the quality of housing available for rent is lower than the quality of housing available to buy. So even if renting is theoretically more expensive, you can often save money if you're just as happy in a shabbier place. If you do decide to rent, then you can still build up equity. Instead of putting it into a home, you just need to make sure that your retirement nest egg is big enough to pay for your rent in perpetuity. Many people plan for retirement with the assumption that they will not have a mortgage to pay; you don't get to make that assumption. But that's fine, since your rent is also smaller in the first place. You just save more in your 401(k)/IRA instead.

yhfnbb

How can I stop pointless spending?

I’ve always struggled a lot with my finances, I never seem to think before I spend and it always ends up leaving me in a whole one way or another. It’s nothing but pathetic that I don’t learn after many finance related consequences but I always end up spending and by the time it adds up I’ll be scraping pennies until the next pay day. How can I start being more sensible with my money? When I see a number in my bank account it just means nothing until it’s gone, I’m aware it’s just one of my toxic traits but I really need to shake it. Does anyone have any tips for me to be more careful with my money? I’m 26 and I have nothing in my savings I just live from pay day to pay day and I’m scared I’ll never achieve anything if I’m in a constant money stress. Thanks in advance

UKPersonalFinance

I struggle with this too. I recently started following a girl on Instagram who posts a lot about emotional spending and tips on how to reduce it, might be worth having a look and see if any of it helps you. Hoping this link works but if not she's @the.brokegeneration https://instagram.com/the.brokegeneration?igshid=YmMyMTA2M2Y=

83ed27

If you were 22 again, what would you do differently?

As a 22 year old working full time and saving/investing as much as I can, I'm curious to know what those a few years older would do given the opportunity to start again?

UKPersonalFinance

Contribute continuously to your pension and to a stocks and shares ISA, even if it's not that much yet, and increase those contributions proportionally as your pay increases. Slow and steady wins the race. At your age, I was very focused on building up a cash pot because I wanted to buy a property with minimal mortgage (neurotic aversion to debt), but when I eventually bought one I was left thinking "huh, well, that was kind of unnecessary". It would have avoided a lot of stress if I'd taken a more balanced approach, splitting my income between investments, pension and mortgage. Now I'm retro-actively making up for lost time with my investments, and it's exposing me to much more volatility than if I had contributed a little bit over a long time.

unx7f7

Friend is £7000 in overdraft. Options?

It started at -£11,000 and we've slowly managed to get her up to only -£7000 but it's stalled there. All of her income is from benefits and everything she gets is immediately lost to the interest payments on the overdraft, which is now at about £250 a month. I've called CAB and debt charities on her behalf but they've not been able to offer any real advice. Would a debt consolidation loan be suitable? Edit: Thanks for all the advice guys! I'll check back in the morning and reply if needed.

UKPersonalFinance

She needs to change bank account then default on the overdraft claiming financial hardship. They will not freeze the interest until you default. once you default on the loan/overdraft the interest is frozen. Then she can come to an arrangement with them on paying back over a period of time based on income & fair expenditure. Even Iver 20 years. Even an offer of a pound a month is taken on that basis. It will hurt her credit report but to be honest the damage is already done with overdraft like that.

a0xdix

Breaking: Starbucks May Accept Bitcoin, Claims Bakkt CEO

"Today, Bakkt’s CEO, Kelly Loeffler, while attending Consensus Invest, said that Bakkt is working with Starbucks to give their customers more options in their ability to pay, specifically with bitcoins." [**Source**](https://beincrypto.com/starbucks-may-accept-bitcoin-claims-bakkt-ceo/?utm_source=reddit&utm_medium=social&utm_campaign=starbucks-breaking)

Bitcoin

I only go to Starbucks when I go with someone else who gets their fix there. Usually that's about once every two months. If Starbucks starts taking BTC I will increase my coffee budget, I will start buying my coffee beans from Starbucks, and I will start going there regularly.

aptxvv

Nano added to Wirex Visa platform

Nano can now be seamlessly spent at over 40 million outlets around the world using the Wirex Visa card, creating a fast decentralized bridge between cryptocurrency and real-world spending. Also acting as a fiat on/off ramp for EUR, GBP and USD. [https://wirexapp.com/small-perfectly-formed/](https://wirexapp.com/small-perfectly-formed/)

CryptoCurrency

On their website: “Exchange your funds for Bitcoin, Litecoin, XRP, Etherium, WAVES or EUR, USD and GBP with a couple of clicks in the Wirex app or on desktop.” Pretty ridiculous they can’t spell the second biggest crypto.

8bz2zq

Guess I've set my finances up - and now what? I just wait?

So I've been going through a rather long period of overdraw debts. 4k and a bit by now. While figuring out our family budget, I found out, that in the coming months we'll actually be making an okay amount of money. So I have a daily budget app, excel sheets for fixed costs and a savings plan. On top of that I've set up the percentage of savings from the available money we have. Now that that's done I basically just have to stick to the plan and wait for the debts to shrink. This is good, but while setting up all this I really got motivated to "optimize finances" and now I'm all excited because I also like numbers but there's nothing more I can do. So yeah - maybe if you struggle with numbers - maybe even fear them - maybe it's good for you to know, that once you have a plan, that works for itself you just have to stick to it without putting any more work in it...

povertyfinance

I agree. Once things were set up, it was very freeing stress-wise to have a plan. Yeah, it can be a bummer to see that you'll be paying off that debt for 5 years or 10 years or whatever, but you see how it's possible if you just stick to the plan.

j4d2gd

Is becoming a Dominos delivery driver worth it?

Hi all, I get paid £26,800 per annum however I work in travel so currently on furlough. Last Sunday I started a job as a Dominos delivery driver and have worked many hours since last Sunday doing this. However I've been trying to weigh up the pros and cons of whether it's worth it which I've detailed below. I hope someone could help me in making an informed decision whether I should carry this on: ​ **Cons** * The pay is honestly shocking. It is minimum wage (£8.72) but I only get £1 on top of this for fuel for each delivery. I'd say the average delivery is about 3 miles away (so 6 miles as I have to drive back to the store). I estimate my car does 13p per mile when everything is factored in (petrol, wear and tear, depreciation etc etc i.e not just fuel costs). There's also a lot of traffic problems where I deliver at the moment as they've blocked off the high street to allow the road to become pedestrianised (meant to help with Covid if people can space out when walking) and lots of roadworks happening too also resulting in increased traffic congestion. * I drive a fairly new car so I'm adding to its depreciation. It's a 67 plate Seat Ibiza (probably worth about £7.5k I'm guessing). It has done about 15,000 miles. I'd say over a 6 hour shift I do about 65 miles which is making the car lose value. Having said that, it's pretty fuel efficient at about 55mpg doing Dominos deliveries. * My insurance excess is £1k. I chose this option because there was lower annual upfront costs and since I've never had an accident I felt I'd take the risk with the £1k excess (insurance taken out before I got this delivery job). However I feel there's an increased chance of having an accident doing delivery driving since the Dominos car park is tiny yet there's so many cars racing in and out (including Just Eat drivers from other restaurants too). I'm being really careful and vigilant but I can't control what others do. I've also found when delivering pizza I'm often having to park in a super cluttered housing estate where I'm often trying to do an 8 point manoeuvre in the road to swivel out of small nail-biting spaces. If ever I did have an accident, all the money I've made will go towards the car repair plus more money on top so I would have actually made a loss! * Correct me if I'm wrong but I don't think I'll make much when tax is factored in since I'll be getting taxed on this Dominos job plus my 80% furlough salary job. * If I wasn't working for Dominos, I'd find ways to make pocket money online (surveys etc). I'd probably make £10-£15 a day doing this. * Non financial but my work-life balance. Won't go into detail here as it's not r/ukpersonalfinance related. **Pros** * It might not be much money I'm earning but it is still regular consistent, guarenteed money. This is obviously the big main pro. * I go to the gym before or after my Dominos shift as the gym is in the same town the Dominos store is in. So if I didn't work for Dominos I'd have a 5 mile drive each way to the gym but now my drive to the gym is combined with my work shift so a small money saver. * I do very occasionally make tips but this is very rare. I've been given two tips so far... a £5 tip and a £4 tip. This is after doing about 60 deliveries in total in my time working for Dominos so bit of a stretch putting it as a pro! Do you think what I'm doing is worth it? I'm not sure if the cons outweigh the pros but at the end of the day I'm sort of thinking doing this work is better than not doing it! I think they told me I get paid weekly so I believe I'll be getting my first paycheck any minute now so once that arrives it'll be easier to gauge whether it's worth staying on.

UKPersonalFinance

Am I missing something with your calculations or have you gotten them wrong? You’re paid £1 per delivery for an average journey of 6 miles. It costs you 13p per mile for fuel, wear and tear etc. 13*6 is 78p, not £1.80 so you’re positive, it’s not costing you anything. Anyway, I done the same thing for a few weeks and I think doing it in the daytime would be worthwhile but I had evening shifts (on weekends to) which to me wasn’t worth it. The pay is abysmal but that’s to be expected. You could look for another minimum wage job, but the benefit is you’re at a lesser risk of the virus by being in your own car most of the time versus being in a shop or a restaurant. Could also spend the time learning something instead, but to be honest I wasted a lot of time when furloughed so can understand if you don’t have the motivation.