diff --git "a/reddit_finance_43_250k_266.txt" "b/reddit_finance_43_250k_266.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_266.txt" @@ -0,0 +1,10000 @@ +>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! + +# 🙋 ​[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 your 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs + +&#x200B; + +**📌 Flair update! Out with the ODL in with the new 🧾 Buy & HODL 💎🙌 with a new background color #242424, IYKYK** + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. 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: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +For reference, I have a bearish outlook of the current economic situation, and it has greatly influenced my credit spreads and general positions. However, I worry that my outlook is clouding my perceptions, and as a result, I may not be able to see the picture as a whole clearly. Thus, I'm looking for reasons (beyond *it's priced in*) that the stock market (and economy as a whole) could recover in the short term (1-3 months). Any ideas? +I am relatively new to this sub, but not to selling. I have noticed that there are credit spread advocates and CSP advocates, and that it is almost like a political division in the intensity of the arguments. In my opinion, a credit spread with a wide spread in strikes behaves in all ways like a CSP, but ties up less capital and affords some downside protection. When the value of the long option is much less than the short option, then the Greeks in the price region of the short option differ little from the case of a CSP with the same strike. Rolling spreads like that is not hard. Does everyone agree with that? +Hi, I am trying to find safer stocks to sell CSPs. Do not want much every week - just $100 per week. What are the safest stocks/ETFs for consistent gains. +From my understanding, when bonds invert. The 2 year or 3 month or etc bonds have higher yields than the 10 year bonds because they in less demand. Bonds are guaranteed returned right? Let's say the 3 month is 3 percent and the 10 year is 2 percent yield. Why wouldn't people be rushing to buy the 3 month ? + + +Is it because they would rather save their money in the short term in cash for some reason? +Long time reader, throwaway account for anonymity. Thank you for all the wonderful information in this sub, I've been digesting over the past few years and really dug in the past couple months. + +Sold my business netting \~$5.0m after taxes. Never grew up with money or access, so after much research I set up the following portfolio (Schwab): + +|ticker|description|$|%| +|:-|:-|:-|:-| +|SCHX|US Large Cap ETF|2250k|45%| +|SCHA|US Small Cap ETF|750k|15%| +|SCHF|International Large ETF|600k|12%| +|SCHE|Emerging Markets ETF|250k|5%| +|SCHC|Intl Small Cap ETF|150k|3%| +|SCHH|US REIT ETF|250k|5%| +|SCHZ|US Aggregate Bond ETF|375k|7.5%| +|CMF|California Muni Bond ETF|375k|7.5%| + +Don't own any property, so included REIT ETF for some additional exposure/diversification. Live in California in the highest tax bracket, so CA Munis to reduce tax impact but holding treasuries/corporates (SCHZ) for diversification. + +Yearly spend is $75k ($50k rent in Bay Area!) and have a year of expenses in cash. \~10 years of living expenses in bonds to provide a cushion in case of an equity decline and I need to withdraw from the portfolio before they recover. + +Still deciding if I'm going to call it (probably need more for a fat retirement in the Bay Area), but it's nice to know I have the option after many years in the salt mines. I can obviously move to LCOL to live it large (still thinking about this with the family). + +Questions: + +1. Any feedback on approach/strategy? +2. Worthwhile to hire a wealth manager? I've spoken to a few from recommendations in my network and have heard several pitches with a couple folks suggesting private deals to trade off liquidity for higher return. I'm unconvinced it's worth the heavy fees (0.8-1% of AUM) and think I'll continue sticking with my fee-only planner, but am worried I'm leaving stuff on the table. + +Thank you! +hello guys im a beginner and been working on some algorithms for some time and finally after many tests and 1.5 years messing around code and testing things i created a kind of simple one on ETHUSD that works on the 15m TF in relatively high frequency. in the beginning it threw some decent results but there were really big win streaks and huge loss streaks so to fix that i lowered and increased SL and TP. after a while tinkering with the indicator parameters and SL and TP levels the strategy almost seems too good to be true. i backtested it month for month since 2015 and its never had a losing month. a stable 10-15% average profit every month and a massive decrease in loss streaks. better risk reward ratio. better drawdown. better profit per trade. better profit factor. slightly decreased win rate but positive risk to reward all around. + +talked about it with someone more experienced and he said it might be overfitted but certainly looks like an algo with potential if things are done right in live testing. i never actually live tested it but its been accumulating trades for over a month in live markets and has been doing exceptionally well thus far although its just a month of live trading data. after some research i read that if tested in other assets and still successful overfitting might not be the case. so i tested it in BTC, SOL, BNB and AVAX. same results. not a single losing month since 2016 if i can get data that far back. there were months i shall say with very low returns but overall more than 10% average every month across those assets. performed better in SOL that in any other pair. but i just want to use it for ETH. + +what do you guys think? i need some advice from more experienced people on what other tests should i run or how can i truly know if its overfitted or not since i do lack serious experience, just overall some words on what to do forward with my algo. serious answers only please and thanks for your time +In your guys experience, how many trades in a backtest before a strategy has real statistical significance and you are comfortable moving forward. Obviously strategies that barely ever trade are less reliable in backtests and more prone to overfitting for this reason. +My wife and I are in our mid 30s. We both went to art school and we spent our 20s working low-paying creative jobs, but we always lived below our means, saved what we could, and paid off debt immediately. + +In 2019, we decided to make some significant changes. We wanted to build a more stable financial foundation for our family. After lots of careful consideration, I decided I would go to law school, earn a JD, and get a job in corporate law. I knew that I wouldn’t love the work, but it would pay well and I felt confident that I would be able to attend to a top-tier school and check all of the “success” boxes along the way. I was always good at tests and school nonsense. + +Sure enough, cut to Feb 2020, I had accepted a spot at Columbia Law School, my wife had found a new job in NYC, and we were prepping to leave our home in Texas. + +But, Covid. + +For multiple reasons, we decided not to move to NYC during the first Covid wave and I deferred my spot at law school for a year. Then, out of the blue a job at a major technology company fell into my lap when an old coworker recommended me for the role. The pay was about 250% what I had been making before the pandemic. A few months later, my wife also found a job at a tech company. Suddenly, nine months into the pandemic our household income had jumped 3.5x. After a couple small promotions, we’re now making more income than we ever imagined—about $530k USD in base, equity, and benefits in 2022. We have no debt other than our mortgage. We own one shitty car outright. + +We also just welcomed our second child. + +So now we’re wondering what to do next. + +We have about 100k in cash. We moved into a new house in our high COL city and put 28% down. Our mortgage is about $6k/mo. We are maxing out our 401ks. We have ~350k in brokerage accounts, almost all of it in stock index funds. Another ~100k in vested employer stock that we’re holding for the capital gains advantage. Thanks to an extremely generous gift from a distant relative, our kids’ 529s are probably funded sufficiently assuming the stock market performs at/near historical averages for the next 2 decades. We are saving about 40% of our adjusted gross income. + +Should we try to get a rental property? Connect with a professional money manager? Until now, I’ve done everything myself and followed super simple common sense principles. + +Our goal is to be financially independent as early as possible but we’re not looking to FIRE our whole lives. + +We have a pretty high risk tolerance and we’d entertain any opportunity to generate passive income. +Hi there, + +New to investing - I primarily use Vanguard and have been doing so over the last few months, learning along the way. + +I've been trying to understand the difference between ETFs and index funds and found this explanation: + +"The biggest difference between ETFs and index funds is that ETFs can be traded throughout the day like stocks, whereas index funds can be bought and sold only for the price set at the end of the trading day. " + +So I'm confused about the index fund value. Is this based on supply and demand of people buying into the fund, or the value of the NAV? When I invest into "FTSE Global All Cap Index Fund" is my money being pooled together with other investors to buy the 6000+ stocks that comprise the fund, or am I buying these units of the fund from someone who has sold their stake? + +Could someone explain the difference in investing into the actual stocks that comprise the fund, verses investing into a unit of the fund. Are they one and the same? + +Why are index funds not traded on a stock market? + +Something else I have been wondering - 6000 stocks comprise the FTSE Global All Cap... but all the markets are not open at the same time. Does Vanguard update the value of each stock within the fund based on the performance in relevant stock market for that day relative to each respective country? + +Many thanks and apologies if I am asking stupid questions. Would you recommend any books on this matter? Mainly focusing on funds? +If gold goes up and you want to cash in how much do jewellers or pawn shops generally pay out, do they knock off a large amount of what it is currently worth. +As the title says, what are your thoughts on this mining companies? + +I would like some exposure to lithium and nickel but I don't really want to go with the big companies, eg Albemarle. I don't think it's any surprise that their yearly chart looks pretty much identical to Tesla's yearly chart. However, £AMC and £BCN are both small AIM listed companies, and I'm not sure how I feel about this. £BCN has a enough cash to pay off their liabilities tomorrow, but they have no revenue (source: T212 balance sheet). But I think I read somewhere they may have a contract to supply Tesla? Same deal with £AMC, pretty nice balance sheet but no revenue... + +You're thoughts would be great. I'm new to fundamental analysis so sorry this couldn't be more in-depth +I’m not interested in exploring any other options with this money, my portfolio is pretty diverse and I hold a lot of capital appreciation assets. + + +I really want to turn this £20K into something that is going to produce regular cashflow, is there anything I can do other then dumping it all in Funding Circle? +Central banks and Basel III have more or less removed price discovery from the credit markets, meaning risk does not have an accurate pricing mechanism in interest rates anymore. And now passive investing has removed price discovery from the equity markets. The simple theses and the models that get people into sectors, factors, indexes, or ETFs and mutual funds mimicking those strategies -- these do not require the security-level analysis that is required for true price discovery. + +[Full Article ](https://www.bloomberg.com/amp/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos#click=https://t.co/RpGYgowI5N) +Welcome, please discuss GME here! Some info for you: + +* [How short interest works](https://www.investopedia.com/articles/01/082201.asp) +* [How a short squeeze works](https://www.investopedia.com/terms/s/shortsqueeze.asp) +* [Recent actions by brokers & clearing houses](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) +* [Wait, clearing houses?](https://www.investopedia.com/terms/c/clearinghouse.asp) +* [Wait, what about brokers & market makers?](https://www.investopedia.com/ask/answers/06/brokerandmarketmaker.asp) +* [Some more info on how hedge funds short](https://www.reddit.com/r/stocks/comments/l8mk8v/gme_second_act_margin_call_explained_amc_other/) +* [Was this predicted?](https://www.reddit.com/r/stocks/comments/l8r0oo/the_rise_of_gme_was_predicted_step_by_step_143/) + +And the [gamma squeeze explained](https://www.reddit.com/r/options/comments/l9rdrt/lets_clear_up_a_few_misconceptions_about_gamma/) requires some [options knowledge here.](https://www.reddit.com/r/stocks/wiki/options-themed-post) + +Some other articles just in case you heard these terms: + +* [front-running, btw this is illegal](https://www.investopedia.com/terms/f/frontrunning.asp) +* ["order flow" which is legal](https://www.investopedia.com/terms/p/paymentoforderflow.asp) +* [high frequency trading (HFT) very legal](https://www.investopedia.com/terms/h/high-frequency-trading.asp) + +**See [trading halts here](https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts)** and aggregated [GME news here](https://finviz.com/quote.ashx?t=gme) just scroll down. + +Lastly if you need help with a falling stock price, check out Investopedia's [The Art of Selling A Losing Position](https://www.investopedia.com/articles/02/022002.asp) and their [list of biases.](https://www.investopedia.com/articles/stocks/08/capital-losses.asp) + +And if you need professional help: + +* 24/7 Crisis Hotline: 1-800-273-TALK (8255) (Veterans, press 1) or Text “HOME” to 741-741 +* Call or Text: 1-800-522-4700 (Problem Gambling) or chat https://WWW.NCPGAMBLING.ORG/CHAT + +Updates: gamma squeeze, trading halts, and aggregated news, health lines + **Note**: BlackBerry is NOT a cyber security company. They are a *security company*. Revenue does not care about your AI driven autonomous machine learning EV car with DDs. People are using these terms loosely. A quick lookup for interviews with John Chen would prove that he explicitly avoids these terms as they do not define nor matter to the products/revenue of BlackBerry. QNX revenue does not depend on any of these terms, it's on installation on any device. This includes the space station, of which there is 1 of with obviously non-recurring revenue. Buying based on these basis would be gambling. + +**Bull**: + +* Business transformation: BlackBerry is now a software company, starting the transformation in 2015. The focus is security, the general term. +* 5 Products: + + * QNX: Embedded system OS. + + * Multi-OS housing: It has the capability to allow for multiple OSs on a single chip. + * Real-time availability/software prioritization: Not all pieces of software operate on the same priority. Steering/braking would be higher priority than media, and QNX allows for that. Even if the thread/core is shared with other applications, when high priority software is requesting a resource it will be prioritized to ensure reliability. + * Resource sharing: CPU, RAM, and GPU resource sharing between different applications capability. Two applications can share the same CPU core and bump each other based on prioritization. + * Why not Linux? QNX has the highest certification for security available. Linux does not. CEOs would want to avoid liability and this certification allows for that. + * Device agnostic: It can be installed on any device, not just cars. Any IoT and offline device can use QNX. + * QNX Hypervisor: Consolidate multiple OSs on a single SoC using virtualization + + * SoC: System on a chip. Instead of using multiple ECUs, which is what car manufacturers currently do, they can use one single chip to run multiple high priority applications and multiple OSs. This is what Tesla does now. + * Virtualization: Running an OS in a virtual environment. Think Linux environment inside of Windows. This helps with debugging for developers without having to have the actual hardware. + * IVY: Scalable cloud-connected software platform for vehicles. + + * What is it a solution for? When a vehicle manufacturer wants a way to transmit the QNX/OS data safely, normalize it, and visualize it/interact with it. It also allows car manufacturers to own the data, unlike other OSs. + * Scalable: AWS servers are capable of handling the load from many endpoints. + * Software platform: There is currently no centralized software ecosystem for vehicles. IVY is providing that. + * Non-BB developers would be able to use an SDK to develop applications on IVY for infotainment/general apps/others. IVY will also use ML to gain insight on unrecognized patterns by developers. An example of this is detecting if a car slipped, without having the developer connect multiple sensors to figure out if that event happened. + * 50/50 joint effort on revenue and effort to develop the ecosystem. Using AWS's knowledge in AI/ML for calculated sensors (slip, driver on seat, etc) + * Usage by other vendors: A city can connect to the data from vehicles and detect when ice/slipping is happening. If brakes are getting overheated coming from a high elevation area. If a car had an accident, etc. An insurance company can provide an app to give discounts similar to the currently implemented OBD-2 readers. A maintenance provider can also connect to this data and check if an error is specific to maintenance, malpractice, or general misuse. + * Spark: Endpoint management. Basically API security. Did not delve far into this, basic info. + + * Unified Endpoint Security: This is the endpoint where a laptop/phone/IoT device hits. It provides encryption and security around that. Continuous authentication is a part of it, where a device is learning the user behavior using ML and continuously checking if the behavior matches the original owner; if not, lock the device. + * Unified Endpoint Management: Basically managing your API for devices. + * Zero trust: I think this is specifically talking about continuous authentication. Basically, it's not an authenticate once and forget it. It's constantly tracking behavior to verify the user is the authenticated user. + * AtHoc: Non-enterprise communication system. + + * Target customers: Government, healthcare, education, etc. + * Solution: A communication system targeting non-enterprise businesses; specifically for Event management, cross organizational communication/collaboration, mass notifications. + * Who does this benefit? You've seen the hacks in healthcare/educational/governmental sector. This is specifically for them. + * SecuSUITE: Phone application to allow employees to use work related data in personal devices without cross communication (between personal and work data). + + * End to end encryption. + * Separation of concerns between personal and work data. Employers CANNOT access your personal data. + * Used by NATO; doesn't carry much value in my book but maybe in yours. +* Customer oriented solutions: As you've seen in the products above, some products overlap and are just names to target specific customers. It allows customers to easily understand what product could solve their issue. Continuous authentication is a great example of this: Their customer complained that they kept re-authenticating, so they designed a solution allowing them to authenticate once and using ML they learned their behavior and can continuously check if the user is the owner/authenticated user. This kind of passion in leadership is good for business. +* Liability: QNX has the highest security rating available. Most CEOs want to avoid liability when it comes to security, using QNX would help them avoid that in a similar way cloud services help them avoid being blamed for hacking. +* Leadership: BBs leadership isn't one to play on famous words to drive the stock up. John Chen explicitly states this in his interviews and says they are a security company. Not cyber, doesn't mention AI or whatever. He explicitly avoids meme words and understands what the point of BBs business is. + +Where I think growth can be made: + +1. QNX in more cars. They can capitalize on the idea of less ECUs = less cost for OEMs + security. +2. IVY usage by OEMs along with QNX. +3. IVY ecosystem. Maybe application billing? +4. Professional services (support) for the products listed. +5. AtHoc increased market share in more governmental/healthcare/educational entities. +6. SecuSUITE for more enterprise customers with the idea being saving employers money from purchasing work phones for employees, and worrying about securing them. + +**Bear**: + +* Revenue: It is not yet based on a subscription/usage basis. You can only produce so many cars, and they don't give an insight on how much do they charge per car for QNX. Anywhere from $2 - $20 is what was mentioned in transcripts. This is a growth area, but not at a trajectory that's excellent. IVY does work on a subscription/usage basis, but IVY can be used WITHOUT QNX. I'm worried about this, but still see it as an area that will generate revenue in the range of $400 MM - $600 MM at the price of $20 per 30M cars. The 30M per year is based on the listing of their customers and their yearly production rates. Keep in mind I stated any device, this does not include trucks or other IoT devices. +* Market share: These are relatively new products. J.P. Morgan pointed this out as a priority for growth. This could end up not working out and growth never happens. This is a relatively low risk due to QNX and IVY providing SO MUCH value for car manufacturers Vs. other products in the market. +* Patent revenue: They sold a chunk of their no longer relevant patents to Huawei. This makes up a small (<= 32%) of their revenue and is a one time sale. The coming quarter could be equal or less to the last quarter revenue due to either other sales making up the lost revenue from patents, or coming up short. It could come higher if they sold more services, but due to COVID and knowing that many car manufacturers have lowered their production due to chip shortage, the next quarter will most likely be lower. +* VW.os: VW is making their own OS. VW.os is what they're calling it. They're currently using QNX, but that revenue could potentially stop. Personally I don't believe VW is capable of doing that. It's a marketing hype. Their companies are not capable of good collaboration or good implementation based on what I've read and researched (can't find article right now), but it's something to be concerned about. +* QNX success: While IVY could be using QNX, it does NOT depend on it. There is potential for OEMs to use IVY without QNX. I think this is a low risk, but still risk. 19 OEMs are already using QNX. +* Lack of Answers: I can't get much out of their earnings call. They don't delve into pricing for QNX, how they plan to grow it besides getting more car manufacturers and more cars post Corona. How they plan to do recurring revenue. A breakdown of each revenue segment would be helpful, but I don't see that either and there is hesitancy to delve into it. + +**Prediction**: I think QNX can become a $1B revenue per year alone. $2B revenue per year as a company is not far fetched. Without a subscription/usage based model, it is difficult to see how growth can go beyond that. BB is good in 2-5 years, not this year. I can see their revenue growing to potentially $2B - $4B revenue per year. They did mention trying to figure out a subscription/usage based billing, if done then the revenue would be much higher. I think $18 is a fair price on the high end. It could grow further than that, but expectations would be HIGH. + +**Resources**: + +1. John Chen interview: [https://youtu.be/\_hQQlCWMrQA?t=313](https://youtu.be/_hQQlCWMrQA?t=313) +2. John Chen interview: [https://youtu.be/FNdbGhun2E8](https://youtu.be/FNdbGhun2E8) +3. J.P. Morgan IVY presentation: [https://cache.webcasts.com/content/jpmo001/1416508/content/58ffe5daaa24e738fdef0d065b9b15077892ea63/pdf/secured/BlackBerry\_-\_Winter\_2020-21\_Investors\_Deck.pdf](https://cache.webcasts.com/content/jpmo001/1416508/content/58ffe5daaa24e738fdef0d065b9b15077892ea63/pdf/secured/BlackBerry_-_Winter_2020-21_Investors_Deck.pdf) +4. IVY: [https://blackberry.qnx.com/en/aws](https://blackberry.qnx.com/en/aws) +5. QNX: [https://blackberry.qnx.com/content/dam/bbcomv4/qnx/software-solutions/embedded-software/qnx-neutrino-rtos/pdf/QNX-Neutrino-Product-Brief-v7.pdf](https://blackberry.qnx.com/content/dam/bbcomv4/qnx/software-solutions/embedded-software/qnx-neutrino-rtos/pdf/QNX-Neutrino-Product-Brief-v7.pdf) +6. QNX Hypervisor: [https://blackberry.qnx.com/content/dam/qnx/products/hypervisor/hypervisorGEM-ProductBrief.pdf](https://blackberry.qnx.com/content/dam/qnx/products/hypervisor/hypervisorGEM-ProductBrief.pdf) +7. QNX Tools: [https://blackberry.qnx.com/en/embedded-software/qnx-software-development-platform](https://blackberry.qnx.com/en/embedded-software/qnx-software-development-platform) +8. Spark UEM: [https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/guides/guide-blackberry-spark-uem-suites.pdf](https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/guides/guide-blackberry-spark-uem-suites.pdf) +9. Spark UES: [https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/briefs/Solution\_Brief\_BlackBerry\_Spark\_UES\_Suite\_Final.pdf](https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/briefs/Solution_Brief_BlackBerry_Spark_UES_Suite_Final.pdf) +10. AtHoc: [https://www.blackberry.com/us/en/products/blackberry-athoc](https://www.blackberry.com/us/en/products/blackberry-athoc) +11. AtHoc in healthcare: [https://www.blackberry.com/us/en/products/blackberry-athoc/healthcare](https://www.blackberry.com/us/en/products/blackberry-athoc/healthcare) +12. SecuSUITE: [https://www.blackberry.com/us/en/products/secusuite](https://www.blackberry.com/us/en/products/secusuite) +13. Customer oriented solutions - continuous authentication: Start the video at 5:04: [https://www.blackberry.com/us/en/events/security-summit/2020/video-details/work-anywhere](https://www.blackberry.com/us/en/events/security-summit/2020/video-details/work-anywhere) +14. Easier link: [https://vimeo.com/497426347](https://vimeo.com/497426347) +15. VW OS: [https://electrek.co/2020/06/19/vw-to-develop-its-own-operating-system-but-dodges-question-about-id-3-software/](https://electrek.co/2020/06/19/vw-to-develop-its-own-operating-system-but-dodges-question-about-id-3-software/) + +**Position**: 1,500. + +**Disclaimer**: I don't know everything, I may be incorrect about some things. This is based on what I've researched and to the best of my ability. Do your own DD. Obligatory this is not an investment advice. +If I want to go long on the company it seems that selling ITM puts is a better way to go then buying shares directly because the premium you make. This premium will lower your cost basis when you get exercised. + +Does this make sense? +Hi folks, I’m starting down the path of purchasing a first home and finding it rather overwhelming how much personal information I need to provide. Met with the mortgage broker today and for the first conversation gave approximate numbers about salary, expenses etc but now I realise I actually have to provide every little detail for him to put my application to a lender. Salary, super, assets, everything. Feels daunting to share so much personal financial information so kind of seeking advise on how much is actually required and what, if any, can I choose to keep private ? + +There doesn’t seem to be good advise anywhere on what all is mandatory and what is ‘good to have’ and what is totally unnecessary. + +I’m aware mortgage brokers are regulated but how do you what questions are just them being curious and what they actually need for the application. +I don’t want to come across as rude by asking this to the broker as I’m probably just a newbie and he’s just doing his job. + +Welcome all advise :) +There have been some posts in the past about the comparison between using a car-sharing service like GoGet vs car ownership. I have been a GoGet member for a long time but only this year have I actually tracked my expenses, and since this year has been characterised by high costs for 2nd hand car purchase & fuel costs I thought this might be useful info. I would welcome other views and experiences. + +&#x200B; + +**Some notes:** + +* I'm Sydney based, mid 30's, and don't have kids +* For the first 7 months of the year I was living very close to the CBD with my closest car 30 seconds away from my front door, and for the rest of the year I was in the inner west with my closest car a 5 minute walk away. It is not for commuting to work, this would always be walking or public transport +* I would use GoGet for visiting friends/family, transporting my dog places, trips out of Sydney, transporting furniture, moving house, or to go to things like my vet, dog groomer, GP, or other things located outside my immediate area. +* I would most commonly use a small car (e.g Yaris) but have also used sedans, RAV4s & vans. +* I have the cheapest annual membership (GoStarter) +* I try my best not to look at what I'm paying on a per use basis and instead just think about what I'm saving by not owning a car. So I don't sweat about booking a GoGet for a few hours for a small thing. +* In 2022 GoGet changed the km allowance on a day booking from 150km to 125km + +&#x200B; + +**So what did it cost?** + +In total I paid $1994.79 over the course of 2022 (including tolls). + +EDIT: Also includes petrol - for those who don't know, with GoGet you don't pay for petrol. + +**Was it worth it?** + +For me - totally. There have been times where I have wavered and thought it would be great to have my own car but when I look at the financials for my situation it just does not stack up, and that's even before considering petrol costs. I live close to transport hubs and work full time with a mix of home and city work, so the car would be garaged 5-6 days a week. My only dependent is a dog so she doesn't need to get ferried to footy or ballet lessons... If my home life was different or I lived in a more suburban area I could totally see owning a car being a necessity but without those things? Absolutely not. + +I also love the flexibility of being able to book different vehicle types depending on what I need, and I have to say that the GoGet customer service has been pretty fantastic any time I have needed something. + +&#x200B; + +So yes - GoGet is a win in my book for people in a similar situation to me in built up areas. +**NOT ADVICE. Just sharing some information I stumbled across** + +Hi everyone! + +I saw Chris Pratt looking embarrassed and being too afraid to ask why all the apes love the lowest of low volume. A lot of answers on the thread were confusing and only partially right. For example, one said "It means no one's selling!" one said, "No one's buying!" and one said, "Obviously it's both..." + +Obviously they are all kind of right, the last guy is the most right, but all of them are sort of missing the bigger picture. No one cares how many shares are traded as long as the stonk 🚀🌕 + +The question is not why do apes love low volume, the question is what does low volume have to do with the price going up. + +Here is an article from the elder sub about what volume means for stock price movement. Take this information with a grain of salt. As with all assumptions about the stock market, you have to also assume a free and unhindered market for that stock (ROFLMAYO) + +Regardless, I still refer to this because it makes watching the ticker more fun. It's full of juicy tidbits like: + +"Falling volume means that a trend is likely to reverse, whether price is going up or down, it applies to both" + +And + +"As a rule of thumb, if todays volume is higher than yesterday’s, it means that a trend is likely to continue" + +And + +"The true bottom of a stock occurs on low volume and is always retested at low volume. If it stays the same then this is a great buying opportunity" + +That last one. I absolutely love that last one. + +All credit to u/tonymontanaisnice for the awesome post that made my brain feel a little more wrinkly. + +Have a great weekend everybody, and have a safe trip to the MOASS party! + +💎👐🦍🚀🌕 + +🦍🤯🌎 + +That's what my first attempt looked like but then my link to "the elder sub" got bounced so here's the post almost in it's entirety. Check out u/tonymontanaisnice for the original and part 2! + +Volume + +-A trend that moves on steady volume means that its likely to continue aka price is rising or price is lowering + +-Falling volume means that a trend is likely to reverse, whether price is going up or down, it applies to both + +-A burst of extremely high volume means that its trend is likely to reverse. Usually when the stock reaches its peak or when all of a sudden it crashes, keep your eye on the volume + +-If there is Low volume and the price stays the same, it usually means thats this is the new normal price. People are unfazed by slight price changes here, this is the new normal + +-A second price breakout after one just occured is usually marked by yet another high volume spike. It usually means losers are heading for the exit because theyve been bag holding and cant take the pain anymore or bulls are jumping back in + +-a price breakout in low volume means that its fake, the price will recoil + +-rising volume during a rally(after a stock crashed)means that even though the bagholders are leaving, new losers are coming in + +-When volume shrinks during a rally, it means that bulls arent as eager to keep buying at these high prices. Fuel is being removed from this ship. A reversal is imminent + +-When volume dries up during a decline, it usually means a reversal. That is the bears are no longer shorting and the intelligent bulls who got out a long time ago are ready to pounce yet again + +-As a rule of thumb, if todays volume is higher than yesterday’s, it means that a trend is likely to continue + +-Volume is relative, what is high for ibm may be low for apple. What is low for apple may be high for ibm + +-As a rule of thumb, high volume is 25% higher than the avg volume of the past 2 weeks and low volume is 25% lower than the avg volume of the past 2 week + +-High volume confirms new trends. If prices rise to a new peak, and volume reaches a new high, then prices are likely to retest, that is go below the peak and come back to the peak to see if it can exceed it or go back down. + +-If a stock falls to a new low, and volume reaches a new high then that bottom will also retest- that is go up and come back down to that bottom to see if it goes even lower or stays there + +-the true bottom of a stock occurs on low volume and is always retested at low volume. If it stays the same then this is a great buying opportunity + +-if volume shrinks during an upwards or downwards trend then that trend is ripe for a reversal + +-When a stock reaches a new peak than it was yesterday, but the volume is lower today than yesterday- this is a great shorting opportunity, that is: Now is the time to sell or time to buy puts + +This does not work on a downwards trend as a stock can keep going down even with low volume. It takes buying to move a stock up, but a stock can go down on its own weight + +-Watch volume during a reaction against the upward trend(aka panic selling). If the dip continues but volume shrinks, it means bulls are no longer running or selling pressure is spent. When the explosion of selling volume dries up, then it means that the upwards trend will resume. This presents a good buying opportunity or to buy calls + +-Many downtrends are punctuated(occurs at intervals) by rallies(price goes up momentarily)which begin on heavy volume. These shake out weak bears which causes volume to shrink and gives a signal to sell short~ this means that short sellers are now sure that the stock will crater because no more rallies + +Edit + +Oh the post is called "volume the final frontier and why it'll help you make money". If that counts as sharing please let me know I'll remove it. + +How could I forget the y + +TL;DR Buy and HODL 🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +u/wiglyworm had a good note to add + +You might consider adding that for thinly held stocks such as GME, higher volume always means more significant price movement. + +No one wants to sell and even if the price would make some consider selling, buyers looking for 1,000s of shares or more are only going to find them in ones and twos at a time. The price naturally will chew through the order book too fast. + +We recently had a day with a major spike in PE market and continued into market open. We were getting volume at the level of about 8M per hour and the price was up almost 50 pts before buy pressure was magically shut off and the price was slammed. + +Consider that and now consider that when the shorts close their positions, there will be 100s of millions buys per hour. +There are two things that frustrate me about the wealth accumulation phase of obtaining financial independence. One is the "waiting" feeling. We've discussed that in other threads. + +BUT, the other thing that really frustrates me is not being able to really talk to anyone about this other than my spouse and close family, and a few close friends. Even among friends and family there are some people you just can't tell for one reason or another. We have a family vacation coming up (we're all in our 30s but occasionally go on vacation together), and I have one sibling who has an income similar to mine, and I'd love to talk to about FI, investments, etc., but my other sibling is in a low income job and thinks only the government can save money for you so that conversation will probably just not happen. + +I have a lot of close work colleagues that I talk to about everything, but I don't feel comfortable sharing any of this discussion with them because (1) knowledge that my expiration date is much sooner than expected may devalue me in the company's eyes and (2) Its hard to negotiate for a raise when your boss knows you save 65% of what you are paid. I'll keep playing the new baby, mortgage, student debt, life is hard card instead. + +Anyone totally "out of the closet" on FI? Anyone do anything particularly interesting to hide things from others? Any other thoughts on the "stealth wealth" frustration? + +Since I can't sleep due to me being jacked to the tits as markets are about to open once again in about 8 hours, I've been staring at the Bitcoin chart since it's been falling like a knife. + +Since the start of 2021, all the Bitcoin major run downs has been followed by a GME run up (spike) 6 out of 6 times. I REPEAT, 6 OUT OF 6 TIMES!!! + +See dates below. (Feel free to check the charts if you want to confirm) + +Bitcoin run downs: +Jan 8 to 11, +Jan 19 to 20, +Feb 20 to 22, +March 19 to 23, +April 14 to 23, +May 10 to May 11 + +GME run ups: +Jan 12 to 14, +Jan 21 to 27, +Feb 23 to 24, +March 24 to 25, +April 24 to 28, +May 12 to May 13 + + + +Check the Bitcoin graph and there's another major Bitcoin run down going on now... + +May 13 to today (May 16) is approximately -14% run down of Bitcoin. If history will repeat itself as per the last 6 data points, this week could be massive for GME. + +BUY, HOLD, VOTE! Not a financial advice. 💎🙌🚀🚀🚀 + + + + +EDIT: For those asking for charts, I'm too smooth brained to make an overlay atm but check out this similar DD from a month ago which talked about the occurrence happening 4 out of 4 times (DD posted 28 days ago). What changed as of today is we've now seen it happen 6 out of 6 times and this week could be the 7th time! + +https://www.reddit.com/r/Superstonk/comments/mteyvy/bitcoin_and_possibly_all_crypto_has_potentially/?utm_medium=android_app&utm_source=share + +Chart links: +GME: https://finance.yahoo.com/quote/GME +BTC: https://finance.yahoo.com/quote/BTC-USD + +EDIT 2 (2 hours after May 17 market open): It seems like GME is reacting well (+7% as of now) and going up again after yet another recent BTC run down. Is it safe to say we're 7 out of 7 now? Are they correlated? As DFV said, "what the hell do we know?" +💎🙌🚀🚀🚀 +I am sort of new to forex, although have spent months learning the market/patterns etc. Have been practice trading on different pairs, but have liked USDJPY the most so lately I have focused on USDJPY. Was wondering if you all have had any tips on making a trading strategy? I have primarily just been using support/resistance and breakouts, but not sure where to start for a strategy. + +Edit: Wasn’t expecting so many replies so not able to respond to each one, but thank you all for helping me out !!! Am checking out a lot of the things you all mentioned + +Edit #2: Price action trading seems to be the best suit for me, so i have started learning/researching it more and trying it on different pairs +I'm a Machine Learning researcher that specifically works in the sub-field of Neural Networks that would be applicable to predicting price patterns in markets (where forex is supposedly ideal for technical analysis), i.e. sequence modeling/transformers which also happens to be one of the most emergent sub-fields of Machine Learning. I have to say, I question whether there really is any kind of technical analysis or even risk management that an AI can't do if not do better. + +The only issue is that developing these models does require a lot of in-depth knowledge most of which would need to be acquired independently (since people generally won't share their modeling secrets in the field of finance). My opinion would be that at least a PhD-level of skill would be a base requirement (I've run personal tests a long time ago where basic Machine Learning techniques won't give any profit, likely because people have already tried that and traded all the profit away). + +I wanted to make this post as something of a PSA that in forex you could be trading against some very intelligent AI developed by some very smart people with technology/techniques that have only been discovered in the past couple of years. I'm curious what others think though + +EDIT: Just wanted to add that having been a part of the AI field and reading some AI finance papers, it is pretty clear that people (even PhDs) have no idea what they're doing (not that I know better). It's just because this field is very new and the education surrounding it isn't great either, even authors will note how extremely preliminary their results are. It may seem like AI can't quite compete against humans, and maybe you've seen evidence of broken AIs being terrible traders, but being in this field has shown me that the difference between a broken model and an awesome model is usually just a small number (<10) of unique innovations. +Just wondering how much does pros target monthly for profits in day trading? What is the approx. profit that experienced day traders target? Reason I'm asking is, i feel i have unrealistic expectations of making 25% profit every month and stress myself too much, sometimes leading to losing trades by entering trades too early. +I recently came across an article on Business Insider regarding how much superannuation you should have at each age. Given this report was conducted by ING, I would love to understand whether the below milestones are realistic and achievable. + +At age 30, you should have $88,000 in super. + +At age 40, you should have $262,000 in super. + +At age 50, you should have $604,000 in super. + +At age 60, you should have $1,252,000 in super. + +URL link post in comments section +I'm in a situation where I want to move, but I don't want to sell my house because I plan on coming back someday. I have been looking into hiring a property management company as a solution. They can rent my house out for about 200 dollars more and that should cover whatever their fees are, right? + +I'm a couple years off from leaving, but I wanted to hear some other opinions about this. I don't know much about this stuff, so any help is appreciated! + +I'm not looking to turn a profit. just keep my house, and keep it managed while I'm away a few years without having to pay two notes. But I don't want it to end up costing me a whole lot. + +Edit: thanks everyone for all your answers. They were very helpful! I have a lot more research to do. +I’m new to REI and I’m still in the beginning phases of research. I hear things on podcasts (or Reddit) about investors buying 1 to 2 properties a year. I just don’t see how this is possible unless they have extremely high salaries or they can finance with no regard to debt to income ratio. + +What strategies are investors using to purchase so many properties? Are they just so confident in their skills they don’t care about DTI? +I'm new to real estate investing, I bought my home a year and a half ago and ever since I've been reading everything and watching everything I can on real estate investing. From what I can see the buy and hold route seems the best long term investment strategy for my goals and I am in the process of hopefully buying a 4-unit that is about 4 blocks away from me. All of the numbers look good and everything but I have been getting a lot of people telling me that I'm moving too fast and should start out SFH or Duplex. but the numbers on all of those aren't nearly as lucrative since I can hopefully get the 4 at the same price as most of the duplexes or single familys in my area. (I say hopefully because they were going to submit the best short sale offer to the bank today) Is starting out with 4 units a lot more difficult than only having one or two? +So far, I've been riding investments that I just have a gut feeling on. My DD I feel is pretty good, but being new I'm sure I could be doing more. Everything I've invested in so far doesn't provide any dividends, so that's my next move. + + +So what are some good options for dividends? Not looking for financial advice, however some general finger pointing or some /explainlikeimfive advice to better understand what I'm looking for and how to read stocks. + + + +I feel like I said dividends too many times in this post. + + +Dividends. +Hi All, + +The next ex-dividend date for Waste Management is in 2 days, and I am looking for a solid company with broad exposure that is guaranteed to have a healthy dividend among this pandemic. Please see my analysis below and let me know your thoughts. + +1) Sales will be dampened near term, but the industry as a whole will grow approximately 6% by 2025. + +2) Healthy Gross Profit Margin around 40%, with a positive EPS and trailing EPS + +3) Current and Quick Ratio well above 1.2, which is a sign of servicing short term debt in an excellent manner in case needs arise. In times we are in, I take emphasis on these ratios. + +4) Of course what I am here for is the 1.86% dividend yield. While this stock won't get neck snapping returns like the rest of the market, I am guaranteed this dividend if we go into a long and deep recession/depression. There is only 1 larger competitor (Republic Services), but I think WM barely can call itself a duopoly and think they are one of the safest stocks for yield. + +I am open to any thoughts and suggestions. I look forward to your comments! + +Best Regards, + +Forehand Financial +I see that BST is at a 9% yield and I went to pick some up the other day. It’s also trading at a discount. However what bothers me is the expense ratio is kinda high. Anyone have this in their portfolio? I’m thinking about buying a few more shares, I just wanted to know this subs thoughts, since I am a new investor. +So yesterday we had a collision after I had right of way. Police issued other driver a ticket. It When we called our auto insurer for advice and next steps, they told us that for them to get involved we would need to make a claim and that claim could result in higher premiums for us. It was suggested we go directly to the at fault drivers insurance. I saw a LifeProTip warning us that Insurance Company Adjusters may declare the car a total loss and initially offer us a low ball offer for a Cash Value Amount for our car that is drastically below Blue Book. Our Car was paid off. A 2011 Chevy Traverse in Good condition. I realize I will likely have to counter offer the other drivers insurance company eventually. + + +Question, Is it worth it to use my insurance to deal with their insurance, or should I just deal with the "at fault" drivers insurance and submit my clamis for car rental, doctor visits etc to them? +Can someone please explain me the 2% trading rule. For an example if I have $5000 total balance. Do I trade all $5000 in a single trade and try to aim at maximum loss of 2% if it happens in this case ( $100 ) or if my total balance is $5000 I can only risk $100 per trade since that's 2% ? I really don't understand this and would be really helpful if someone can point me at the right direction. Thanks! +LOT's new HUB just launched! A new website that will make it so much easier to participate. And it looks beautiful. Congratulations to the devs for their hard work and continued efforts to make $LOT the most reliable crypto investment. This redesign marks the start of a new era for the original and best BSC Lottery. We've already redistributed over 22k LOT (equivalent to $80k at current price) We've also launced our weekly side lottery, called Pineapple Express. Yeah you know the name. Come ask in telegram if you want to know more! There's lots more marketing in the works and the team is working their butts off to ensure the project is a success. No pump and dump rubbish here. We're about a third of our ATH right now, and a perfect entry price. Any questions at all, come ask! 💎💎 + +&#x200B; + +$LOT Tokenomics: + +&#x200B; + +$LOT is a decentralized raffle on the Binance Smart Chain, but through it\\\`s mechanic you do not lose your “ticket”. All you need to do is to hold 18 LOT tokens and you are automatically in for the draw. These 18 Lot acts as your lifetime ticket. Each transaction has a basic fee of 6%. + +&#x200B; + +🏆 2% distributed between holders + +&#x200B; + +🏆 2% burned + +&#x200B; + +🏆 2% goes into the Lottery Pool + +&#x200B; + +Once the lottery pool reaches 0.1% of the Market Cap, this jackpot will be deposited to one lucky holder's wallet. As the draws are depended on transactions, multiple draws can happen in one day. + +&#x200B; + +That means your ticket is not only valid forever and can be withdrawn every time, it also becomes more valuable as the total supply decreased and you also collect your fair share. While the price can also go up, you can multiply your investment, without even winning the Lottery. + +&#x200B; + +💎💎 + +&#x200B; + +Right not the jackpot is sat at about $4k. But as you can see, once we start reach a MC of about $1B, the jackpot will be worth about $1 Million. And as our market cap increases, the minimum requirement of LOT will be reduced so make sure it's still accessible. + +&#x200B; + +Ill just leave you with the following: + +&#x200B; + +🚀 Solidity Finance Audited + +&#x200B; + +🚀 CoinMarketCap Listed + +&#x200B; + +🚀 CoinGecko Listed + +&#x200B; + +🚀 Liquidity Locked + +&#x200B; + +🚀 Contract: 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +&#x200B; + +🚀 PancakeSwap \[[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7)\]([https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7)) + +&#x200B; + +🚀 Website: [https://lotterytoken.net](https://lotterytoken.net) + +&#x200B; + +Any questions, come have a chat with us: + +&#x200B; + +🌚 \[[https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) +I live in Spain. + +My (25F) dad died when I was a teen and, bc he had a life insurance, I receive about 40k€ from it. My mother decided to put it in a conservative investment fund, and it made only a few hundreds in a span of some years. When the pandemic started, the money in the fund started to drop (I lost around 3-4k) and since I was already the owner of the money, bc I was 20+yo, I decided to withdraw the money, against the advice of the bank (I know maybe it wasn't the best decision but I was afraid bc that's my only financial cushion and the only thing I have left from my father, and bc I have some trouble trusting banks). + +Back to the present, I'm working at the moment and able to save part of my earning, about 500€ a month. Right now I have about 20k left of that money, and it's in a savings account, so it's not invested at all. I would like to do something with the money bc I know I'm actually "loosing money" having it there bc of the inflation. I know nothing about investments and it's not enough money to buy a property and rent it (which I think that would be my best option once I have enough money). + +Could you pleeeaaase give me some advice about what to do with that money? I'd obviously like to make some profit out of it but I have no clue and no one to give me some knowledge advice about it. + +Sorry for the grammatical errors in advance, English is not my first language. + +Edit: Since it's important for the advices, my final goal is to own real state and be able to pay my own mortgage with my salary. Just as simple as that. + +thank you so so much for your help. I just want to clarify that, obviously, if I choose to invest in etf or any other stock involvement I would have to study how to do it and that's another whole story. Really appreciate any advice about this and know I will not jump into the crypto world right away, thanks for your concerns since I'm young and new with money but I am also quite conservative in that way :) +Hi guys, here's my situation: I'm an Italian citizen, living and working in Austria. I only pay taxes here, as I don't have any income or property in Italy. I've recently tried to open a trading account at Trade Republic and handed in my ID documents. Now they emailed me saying that they also need my Italian tax ID (codice fiscale). I was hesitant to give it to them, and told them that I only need to pay taxes on Austria, to which they responded: +"Because of regulatory reasons we can only use the Italian codice fiscale for transaction reporting.(...) According to MIFID II-Regulations we need the respective ID for all trades." + +So my question is: Is this a valid request from them? Has anyone experienced this before? +I would really like to prevent having to pay taxes twice or other cross-country tax issues. +Hi all, I'm an EU resident, living and working in Germany. + +Recently, I have been looking into opening Riester Rente as a tax-savings measure. + +Based on my understanding of the articles [here](https://www.sueddeutsche.de/geld/foerdermodell-riester-ente-1.2878069) and [here](https://www.hannoversche.de/wissenswert/riester-ruerup), yearly contributions fall into "special expenses" and are as such tax deductible. + +Additionally, there's a free allowance from the government every year: 175 EUR base + 300 EUR per child. + +I heard that the Riester Rente got a lot of bad press, but I was still wondering if anyone has looked into getting it as a way to reduce tax? + +Is it worth it for the tax savings? + +Thanks! +One counter argument against all world ETF is that they tend over allocate to large slow growing economies, because they weight by market-cap. For example VWCE is has 6.20% in Japan. + +How do you think about that? What is alternative(to split VWCE to 3 - 4 ETF and weight accordingly?!) +I live in Romania. +Local currency here is called RON. + +I am thinking about exchanging all my money into EUR. I have a larger amount. + +Reason I think exchanging is a good idea: + +- inflation of the Ron is usually 2% higher than Eur. It has been like this for many years. +- there is this weird thing in Romania where expensive investments are calculated and paid in Eur: cars, real estate. One Exception is when buying new real estate from companies instead of private sellers. + + +I already have a safety fund in Ron and money to live of. + + +I think this is a nobrainer but maybe I am missing something? + +My plan is to put the money in the bank and invest it when a recession comes. + +BTW: should I diversify and buy usd too? If yes, how much %? +I \*tend\* to agree but since I usually invest in long-standing shares that have good established reputations and a good moat, the past performance does sway me. + +However my question is this : + +Anybody here invested in a company with a steadily declining share price (say 5 to 10 years) that has experienced a turn-around? + +Cheers. +Interesting sounding article about someone who FIRE`ed on a "normal" salary. + +Does anyone have a Telegraph subscription and could post the text or a summary? + +[Link to the article](https://www.telegraph.co.uk/money/consumer-affairs/retired-early-left-40k-air-ambulance-pilot-job-bought-three/?WT.mc_id=e_DM1149824&WT.tsrc=email&etype=Edi_Edi_New_Reg&utmsource=email&utm_medium=Edi_Edi_New_Reg20191128&utm_campaign=DM1149824) +*“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” – The Apocryphal Twain* + +Update: Originally **BANNED** on WSB for posting this because it didn't relate to stocks. THIS DOES RELATE TO STOCKS. If I get perma-banned for posting literally a discussion about the integrity of the markets, I don't care. Do it. This is about transparency. Fairness. Equal opportunities for all. + +\--- + +**Yes, there is a US company with assets of $63 trillion that you haven't heard about.** That's a problem. And it's time this company that's relevant to the $GME scandal testify to Congress. The People demand to know if the system is working fairly for all. + +**Their name:** The Depository Trust & Clearing Corporation ("DTCC"). *See* [*https://www.dtcc.com/annuals/2019/financial-performance*](https://www.dtcc.com/annuals/2019/financial-performance). **They claim the "\[t\]otal value of active issues held at DTCC" in 2019 was $63 trillion.** Simply put, they hold your stocks. That year, they settled $120.80 trillion in securities transactions alone. + +**What do they do**: Not much - other than **settle almost every securities transaction in the United States.** In an SEC Sample Offering Document, DTCC claims themselves to be "the world's largest securities depository." *See* [*https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995\_ex10-3.htm*](https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995_ex10-3.htm). + +**Why DTCC matters**: Robinhood relies on their subsidiary, the National Securities Clearing Corporation ("NSCC"), to help clear their trades. *See* [https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/](https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/). Here's a good explanation of what they do: [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/depository-trust-and-clearing-corporation-dtcc/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/depository-trust-and-clearing-corporation-dtcc/). + +In a document on the US Treasury's website, it states the DTCC's shareholders are many banks: + +"DTCC is a holding company of DTC, FICC and NSCC, which are independent legal subsidiaries. There is a single governance structure for the three clearing agencies. DTCC governance arrangements are available publicly and updated on a yearly basis (last update October 2009). **DTCC common shareholders include approximately 362 banks, brokerdealers, mutual funds and other companies in the financial services industry participating in one or more of DTCC’s clearing agency subsidiaries, including NSCC."** *See* [https://www.treasury.gov/resource-center/international/standards-codes/Documents/FSAP\_DAR\_Settlements\_NSCC\_Final\_5%2011%2010.pdf](https://www.treasury.gov/resource-center/international/standards-codes/Documents/FSAP_DAR_Settlements_NSCC_Final_5%2011%2010.pdf). + +Let's get this straight, the shareholders of DTCC are the banks? They govern a $63 trillion company (in terms of asset worth, not valuation (come on, people, I know the difference)), by which its subsidiary inadvertently halted meme stock trading on? **How is this not a conflict of interest to the integrity of the free markets?** + +To be clear, I don't know who these banks are. Can't find them. That seems *interesting*. One internet article claims "DTCC’s user-owners include: Citigroup, BNP Paribas, JP Morgan, State Street, UBS, Goldman Sachs, Morgan Stanley, Virtu, Barclays . . . Mellon, Bank of America." *See* [https://netinterest.substack.com/p/wtf-is-dtcc-the-story-of-clearing](https://netinterest.substack.com/p/wtf-is-dtcc-the-story-of-clearing). I couldn't verify this. + +Better yet, read this email by Murray Pozmanter, the Managing Director - Head of Clearing Agency Services and Global Operations at DTCC, dated Feb. 1, 2019. First, he states that "DTCC is the parent company and operator of the U.S. cash market securities CCPs, National Securities Clearing Corporation (“En Es C C (prevent auto-ban) ”)." Yes, the En Es C C (prevent auto-ban) that runs Robinhood's clearing work. Second, he states that "**The DTCC common shareholders include hundreds of banks, broker dealers, and other companies in the financial services industry that are participants of one or more of DTCC’s SIFMU subsidiaries, and the DTCC board is currently composed of 19 participant and non-participant directors.** Importantly, our ownership structure also ensures that we direct our primary focus toward addressing industry needs and preserving market stability, which is especially critical during times of crisis." *See* [https://www.fsb.org/wp-content/uploads/DTCC-4.pdf](https://www.fsb.org/wp-content/uploads/DTCC-4.pdf). + +**It just gets worse.** Back in the late 2000's, DTCC was sued for facilitating naked short selling. *See* [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720). *Does this, uh, sound familiar?* + +DTCC vigorously defended themselves during the lawsuit, arguing they had no role in the naked short selling issue. There appears to be an archived article stating DTCC's response to the accusation back in 2007: + +"As DTCC has explained, short-selling and naked short selling are trading strategies.  These trading activities are regulated and policed by the marketplaces/exchanges, the self-regulatory organizations and the SEC.  **DTCC is involved in post-trade processing, which occurs after a trade is completed.  DTCC has no regulatory authority over trading activity or to release information related to trading activity.  In fact, as we told the WSJ reporters, we have no power to force the closing of an open fail, no matter what the cause, and we do not have the authority to force a buy-in**." + +They also stated that: "**Freedom to trade is a cornerstone of our equity markets and a fundamental principle in the regulatory schemes that govern the markets**.  The SEC has flatly rejected the argument that there are such things as phantom shares or credits being created in the market." *See* [*https://web.archive.org/web/20090302054831/http://www.dtcc.com/news/press/releases/2007/wsj\_response.php?lpos=3&lid=3*](https://web.archive.org/web/20090302054831/http://www.dtcc.com/news/press/releases/2007/wsj_response.php?lpos=3&lid=3). Boy, would I love the freedom to buy a stock I want, even if Hedge Funds mess up and nakedly over-short a position during a squeeze! + +The SEC also notes that the DTCC has a surprising amount of power to halt trading on a security for operational/transfer issues of a stock or fraud called "chills" or "freezes." *See* [https://www.sec.gov/oiea/investor-alerts-bulletins/ib\_dtcfreezes.html](https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html). *But does this include jacking up capital requirements for overly-shorted stocks without any public notice and explanation behind the billion dollar deposit?* + +**Let's also get this straight**: back in 2007 they claimed to have no authority in **pre-trading**. Only post. So what the hell happened this month with En Es C C (prevent auto-ban) and Robinhood then? Congress, are you listening?   + +**Why this matters**: Recently, Robinhood's CEO Vlad spoke with Elon Musk on Clubhouse, an app where Musk interviews guests. It gets interesting when Musk questions Vlad about the decisions of the En Es C C (prevent auto-ban), the DTCC subsidiary, to post $3 billion of capital at 3 a.m. in the morning during the meme stock trading frenzy. I'll put down the most relevant parts of the conversation here: + +8:55 (Musk): Who controls those organizations, those clearing houses? + +9:02 (Vlad): \[Awkward pause\] Um . . . you know . . . it's a consortium. It's not quite a government agency. You know . . . **I don't really know the details of all that.** + +9:15 (Musk): OK . . . + +9:16 (Vlad): But, you know, and to be fair, we were . . . we were . . . uh . . . I think there was legitimate sort of turmoil in the markets. Like these are events with these meme stocks and there was a lot of activity, so there probably is some amount of extra risk in the system that warrants higher requirements so it's not entirely unreasonable." + +**\*\*Now square this with Vlad's earlier comments during the interview:\*\*** + +4:02 (Vlad): The request was around $3 billion dollars. Um, which is, an order of magnitude of what it typically is. Right so, um. + +4:17 (Musk): This seems like this sounds like an unprecedented increase in the demand for capital. **What formula did they use to calculate that?** + +4:25 (Vlad): Well, um, yeah, just to give context Robinhood up until that point has raised, uh, you know a little bit around $2 billion in total venture capital up until now. So, it's a big number. Like $2 billion dollars is a large number right. **So, um, basically, the, and, you know, and I, the details are, we don't have the full details**, it's a little bit of an opaque formula but there's a component called the "VAR" of it, which is "Value at Risk" and, um, that's based on some fairly quantitative things although it's not fully transparent, but it's not kind of publicly shared. So, uh, there are ways to reverse engineer it but it's not kind of publicly shared. **And then there's a special component that's discretionary and that kind of acts like a multiplier.** And, um, basically . . . + +5:24 (Musk): Discretionary, like meaning it is just their **opinion**. + +5:29 (Vlad): **Yeah**, there, uh, it's a little bit, I mean I'm sure there's something definitely more than just their opinion. + +The full interview is available on YouTube. Search: "Elon Musk Grills Robinhood CEO Vlad Full Interview on Clubhouse." Can't post the link. + +**\*\*Breakdown:\*\*** + +Vlad is asked by this "consortium" to post $3 billion, 150% of Robinhood's entire venture capital amount, at three in the morning, or presumably, trading will not be cleared. However, Vlad doesn't "really know the details" of this "consortium," but decides it's a good idea to deposit over a billion dollars in capital anyway. Moreover, this so called "consortium" apparently by contract can demand whatever they want to. I guess every reasonable CEO posts almost a billion dollars when asked by a group of people he doesn't really know too much about (around $700 million to be exact). *Yes, the figure was later negotiated down.* + +Further, this "discretionary" posting requirement is completely absent in Robinhood's explanation to clients: + +"**How do clearinghouses determine how much is required?** + +It’s pretty technical, but the process basically works as follows: clearinghouses look at a firm’s customer holdings as a portfolio. They use a volatility multiplier, looking at specific stocks, to quantify their risk." *See* [https://blog.robinhood.com/news/2021/1/29/what-happened-this-week](https://blog.robinhood.com/news/2021/1/29/what-happened-this-week). + +I mean, man, is it really "technical" if the capital requirement can also be an "opinion," that is, discretionary? That was conveniently *left out*. The fact is this: Vlad said one thing but *omitted* another. **Why.** + +**TLDR/ The Rub:** What is Big Money? It's $63 fucking trillion dollars. The point here is not to peddle some unsupported conspiracy. The point is to expose an **apparent** ***conflict of interest*** and demand those in charge of our markets to reestablish public confidence. If you're going to take away the People's literal "buy button," the People better have a right to know why. **Don't pull a fast one on the working people at 3 a.m. in the morning.** + +Edit: Some of you smooth brained folks actually think I’m saying this company is valued at $63T. READ the post. +I was thinking a lot about cancelling citibank credit card since they sent out a mail stating they won't be allowing any activitiy related to cryptocurrency. Called the customer care & here is the conversation: +Me: Hi I would like to cancel my credit card +CC: Sure. May I know the reason why. +Me: I do not support CitiBank's stance against cryptocurrencies +CC: Would you continue to use the card if we gave you Rs.1000 cash back? Also 10x reward points on every purchase. +Me: Will you be accepting transactions related to cryptocurrency? +CC: I'll forward the request to cancel the credit card. +Me: Thanks... + +Edit: The amount offered is Rupees 1000 or 15.05 US Dollar. I was getting 0.8% cash back so that was already bad. +Edit2: I cancelled the account because they don't let Debit card or Bank account transactions for Crypto as well. It's not about buying crypto. Action was taken because I don't agree with banks controlling what we can buy with our money. This is happening in India. Not sure about other countries. +Recently hit one of my risky investments. I have always invested 10-15% of my $ in alternative investments. 80-85% of my money sits in the S&P 500 and the rest I would gamble on Greek ETFs, Stand alone ERs, Nokia. Typically I lost money and sometimes I made money. However I invested in a healthcare start up pre-pandemic, planing to make $5million! + +I have come to the conclusion I am a poor investor and really should not be making investment decisions (I am a doctor). It was the once every 100 year pandemic that triggered my success. Thinking about using Vanguard PAS as they are cheap. Any other personal advisors recommended in this community? +EDIT: Since I am seeing a lot of comments about how I am making assumptions that Gamestop themselves (or the owner of this wallet) is buying these coins, NO I am not. I am simply saying these coins exist, in the wallet that exists on the nft.gamestop.com page. Who bought them, or who sent them, is completely unknown. Yekcoin and Barings is the only really interesting piece. + +Disclaimer: I know just enough about crypto to know that I don't know shit about crypto. I would love someone who is well versed in Crypto and DiFI to look further. I do not advise anyone to buy any of these coins, I am basically just doing research here and don't know anything about them. Call it a brain dump. Also, it is extremely late and I am hoping some Aus apes can see this and keep it going while I get some sleep. + +**TL:DR +This post turned into a rabbit hole much larger than I thought it was. Citadel sold their "hedge fund book keeping" business to a company, who they manage the source code for, and are also a client of? That same company bought the assets of a British bank that went defunct in 1995 because they suffered massive losses from misreporting trades? If you don't care about memes, NFTs, Gaming platforms on blockchain, or a speculation on a possible stock market exchange run on the blockchain than CTRL + F "Yekcoin" and read from there, this is the biggest 7 degrees of Kevin Bacon I have ever seen. ~~Oh yeah and GME Coins have started to be minted and transferred in to Gamestops wallet~~** + +--- + +I created a post about the wallet the other day (https://www.reddit.com/r/Superstonk/comments/nl9lu2/there_is_a_lot_more_to_that_crypto_wallet_than/) so I won't go into too much detail about previous items, but a couple of things worth mentioning: + +--- + +The token address from https://nft.gamestop.com/ is + + 0x13374200c29C757FDCc72F15Da98fb94f286d71e + +(The "1337 wallet") + +Etherscan link to it: https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e + +- 196,000 coins of HOGE (https://hoge.finance/) that is a deflationary coin, but they have an unannounced run of NFT's, and as well their First Generation has a rocket ship flying over the moon... https://www.hogemint.com/guide. +- 5 coins of BEPRO (https://www.bepro.network/): "Build the future of DeFi Gaming" "We are a Code-as-a-Service protocol providing technology and support for blockchain-based applications." +- BEPRP (https://www.bepro.network/) "We are a Code-as-a-Service protocol providing technology and support for blockchain-based applications.", "Build Anything +Prediction Markets, NFT Platforms, Informational Markets, DeFi Gaming, and more" +- Random gaming related coins like GLOOP (ClickerHeroes?), +- Random meme coins and random meme number of coins all over (69420 as an example). There may be way more about some of these than I care to dig into though... newer ones are far more interesting for me right now but the linked post above has all the info I pulled out of them. + +--- + +I looked farther into VETH (Vether: https://vetherasset.org/, https://www.vetherasset.io/whitepaper) from my first post as well and it is more interesting than I noticed before. + +https://i.imgur.com/lztNilw.png + +Snippets from the whitepaper: Vether is a "strictly-scarce Ethereum-based asset", and the only way to acquire it is by destroying "an asset with existing value, such as Ether or ERC-20 tokens". "Vether is designed to return scarcity properties to Ethereum, captured in a single fixed-supply asset, emitted in a way that continually absorbs value, at the same time as being distributed fairly and at-cost." + +Without digging much further into it, it really jumps out as a needing way more research into the underlying technology. It seems to be adaptable to a company being able to use this for their own stock as it would allow them to introduce shares at a consistent rate and ensuring someone buying it is paying exactly what it is worth. + +--- + +Another new coin since my last post is uJENNY (https://jennynft.io/). "The First Metaverse DAO and Social Token on Unicly", what is a DAO you ask? + +https://www.investopedia.com/tech/what-dao/ + +> Why make an organization like the DAO? The developers of the DAO believed they could eliminate human error or manipulation of investor funds by placing decision-making power into the hands of an automated system and a crowdsourced process. Fueled by ether, the DAO was designed to allow investors to send money from anywhere in the world anonymously. **The DAO would then provide those owners tokens, allowing them voting rights on possible projects**. + +https://i.imgur.com/kV10SHJ.png https://i.imgur.com/aRphTD5.png + +Again this seems like it could be used for corporate governance over a blockchain stock. I don't want to speculate too much on this since way more research would be needed, but this token really seems to be set up like corporate governance that allows for voting rights, splits, buying/selling at a fair price, and even an "ETF" style way of buying NFTs + + (https://www.unic.ly/: how it is combined, fractionalized, or traded) of the token, a portion of the funds sold are transferred back to the DAO and earmarked for buying NFT's (stock buybacks). Incentivizing holdings + +--- + +NOTE: I got to this point in writing my "updated coins" post when I stumbled on Yekcoin... that was a long long time ago... + +Yekcoin... now this is one that really stood out. It is a "Blockchain Based Payment Systems for Businesses" (https://www.yekcoin.net/). Makes sense and goes along with any sort of NFT direction GME wants to go, but again this strangely ties into a stock market as well. It does not have transaction fees like a normal payment system being a fixed amount, it charges 0.05$ per transaction instead. This would, for example, completely destroy high-frequency trading. + +Ok, that's cool and all, but why did this coin stand out to me? Well, there are currently 2,602.1995 coins in the 1337 wallet. That really looks like a date doesn't it, what happened on that date? + +https://www.onthisday.com/date/1995/february/26 + +> Historical Events + +> **London finance house Barings collapses after huge losses in Singapore by rogue trader Nick Leeson** + +I'm sorry, what? Does it just so happen there is a number of coins, in a coin related to low-cost payment systems that would completely fuck up HFT, lines up with the exact date that a British bank went defunct? + +https://en.wikipedia.org/wiki/Barings_Bank#1995_collapse + +> Barings was **brought down in 1995 by a massive trading loss caused by fraudulent trading** by its head derivatives trader in Singapore, Nick Leeson. Leeson was supposed to be arbitraging, seeking to profit from differences in the prices of Nikkei 225 futures contracts listed on the Osaka Securities Exchange in Japan and on the Singapore International Monetary Exchange. **However, instead of buying on one market and immediately selling on another market for a small profit, using the strategy approved by his superiors Leeson bought on one market then held on to the contract, gambling on the future direction of the Japanese markets**. + +So this bank was brought down because someone was buying futures on one market, and rather than selling them right away on another for a profit, they were holding them and hoping it would go up, but didn't. Sounds familiar? Strange volume in certain European markets maybe? + +> Internal control + +> Leeson was general manager for Barings' trading on the Singapore International Monetary Exchange. **However, Barings circumvented normal accounting, internal control and audit safeguards by making Leeson head of settlement operations for SIMEX, charged with ensuring accurate accounting for the unit. These positions would normally have been held by two different employees. With authority to settle his own trades, Leeson was able to operate with no supervision from London—an arrangement that made it easier for him to hide his losses.**[16] After the collapse, several observers placed much of the blame on the bank's own deficient internal control and risk management practices. A number of people had raised concerns over Leeson's activities but were ignored. + +Again, sound familiar? A certain hedge fund who also has a big brother Market Maker maybe? + +> Corruption + +> **Because of the absence of oversight**, Leeson was able to make seemingly small gambles in the futures arbitrage market at Barings Futures Singapore and **cover for his shortfalls by reporting losses as gains to Barings in London. Specifically, Leeson altered the branch's error account, subsequently known by its account number 88888 as the "five-eights account", to prevent the London office from receiving the standard daily reports on trading, price and status**. Leeson claims the losses started when one of his colleagues bought 20 contracts when she should have sold them, costing Barings £20,000. + +With no oversight, Leeson made bad bets and covered the failures by reporting losses as gains. He altered a branches error account to prevent the oversight from getting daily reports on the failures. + +> Kobe earthquake + +> Using the hidden five-eights account, Leeson began to trade aggressively in futures and options on the Singapore International Monetary Exchange. His decisions routinely resulted in losses of substantial sums and he **used money entrusted to the bank by subsidiaries for use in their own accounts. He falsified trading records in the bank's computer systems and used money intended for margin payments on other trading. As a result, he appeared to be making substantial profits. However, his luck ran out when the Kobe earthquake sent the Asian financial markets—and with them, Leeson's investments—into a tailspin. Leeson bet on a rapid recovery by the Nikkei, which failed to materialise** + +Just replaced that last little bit about betting on a fast recovery to better on a dying store and you have a GME scenario... + +> Aftermath + +> Dutch bank ING purchased Barings Bank in 1995 for the nominal sum of £1[19] and assumed all of Barings' liabilities, forming the subsidiary ING Barings. In 2001, ING sold the US-based operations to ABN Amro for $275 million and folded the rest of ING Barings into its European banking division.[22] This left only the asset management division, Baring Asset Management. In March 2005, BAM was split and sold by ING to MassMutual, which acquired BAM's investment management activities and the rights to use the Baring Asset Management name, and Northern Trust, which acquired BAM's Financial Services Group.[23][24] Barings Bank no longer has a separate corporate existence, although the Barings name still lives on as the MassMutual subsidiary Baring Asset Management.[25] In March 2016, a merger was announced with other asset management subsidiaries of MassMutual, creating a new "Barings" headquartered in Charlotte, NC.[26] Baring Private Equity International was acquired by its respective management teams, which today include Baring Vostok Capital Partners in Russia, GP Investments in Brazil, Baring Private Equity Asia[27] and Baring Private Equity Partners India.[28] + +Lots of names in here around who bought what part of the business (I didn't even go through them all because I got mind fucked after this next one). The one that stood out to me the most was who bought "BAM" or Barings Asset Management. A company called Northern Trust, new to me, but one thing that stood out quickly on their Wiki was they are based in Chicago. Hmm, where do I know Chicago from? + +What's this, 2 years ago Northern Trust acquired Citadel's Omnium Technology Platform? https://www.nasdaq.com/articles/northern-trust-acquires-citadels-omnium-technology-platform-2018-07-02 + +What is Citadel's Omnium Technology Platform? According to Frobs (https://www.forbes.com/sites/halahtouryalai/2011/05/16/what-citadels-sale-of-omnium-means-for-hedge-fund-investors/?sh=29a596521ab5), it is + +> Omnium, which was launched by Citadel in 2007, is a hedge fund administrator which means it is hired by hedge fund managers to maintain their books and records. Citadel's hedge funds were using Omnium for its own administration services. + +Businessinsider (https://www.businessinsider.com/everyone-thinks-its-really-weird-that-citadel-just-sold-omnium-2011-5) also says + +> Omnium provided hedge fund services (like accounting, for example) for a variety of third party clients. **Citadel owned Omnium and was a client**. While a number of their groups had their own back and middle office personnel, other parts of Citadel relied on the company for service, according to our source. + + +Let me get this straight... + +Gamestop is holding 2,602.1995 Yekcoins that is a payment system specifically designed to disincentivize a lot of very small transactions, and that coin count just happens to line up with the date the bank Barings went defunct in 1995, and a company called Northern Trust who bought that defuncts Asset Management division just so happened to buy Citadel's hedge fund book management system in 2018, that Citadel still manages the source code for, and who Citadel is also a client of? + +Not going to lie... bit scared about what I just stumbled on. + + +~~Oh yeah and also GME minted 2,000,000 coins out of a total 12,000,000 possible to be minted. All 12M were sent to a single wallet, who then sent 6M to another wallet, and both wallets with 6M sent 1M each to "1337 wallet", leaving 10M split in the two original wallets.~~ + +https://www.reddit.com/r/Superstonk/comments/nnhyue/nftgamestopcoms_wallet_holdings_lead_me_to_a/gzv2tjv/ + +/u/ImSkrpted pointed out that the GME coins are from a different contract. Thanks for pointing that out. Honestly I lost track of the GME coin once I found Barings +Prior to the current economic situation I used to dry clothes in a small room with the heating on and a dehumidifier. The gas costs were a lot cheaper, of course, but the dehumidifier was always energy intensive at around 500w/hr. Now with my electricity coming in at 30p/kWh and likely to rise alongside gas prices in October, this cannot be the best way to dry the family's clothes. + +So what should people do? I'm thinking my washer dryer off-peak (00:30 - 04:30 on my current tariff) would be good? I know you can buy heated clothes dryers but I think they're pretty electricity hungry? We have a 16 month toddler in reusable nappies so we have to do a wash at least once every two days...just feels like this basic chore is going to start stacking up on terms of cost. + +What are others planning? I know this might be down the list vs. paying for food or deciding to put the heating on but everyone needs to do laundry. +**Reddit is not your friend.** + +=> Remember these downtimes? + +You see, there is actually more to this story when you look at the people that have a stake in it. + +From background characters anyone has barely heard about, such as Naomi M. Bergman, who is the Senior Executive for Advanced Publications, while **Advanced Publications is the majority shareholder of Reddit**, which is the same Reddit majority shareholder exec, **who is on the board of directors for comcast, who owns CNBC.** + +To CNN, we will find out that Richard W. Fisher is a senior advisor at Barclay (dark pool trader of GME) and **board of directors of AT&T (owns CNN) and also a senior contributing editor of CNBC**. + +The same pattern can be seen with Scott T. Ford AT&T (owns CNN) **board of director and who previously worked at Merrill Lynch (another black pool)**. As you can imagine there are many more, but I will cut it short here. + +\*Special thanks to uStonkyFarts & uPuravTheGreat + +&#x200B; + +Going hand in hand, what is even more telling, is that **Dow Jones provides news content to CNBC**, which sold a 90% stake to the Chicago-based CME group (Chicago Mercantile Exchange), potentially explaining the negative bias we are facing from main stream media to experts since years. + +https://preview.redd.it/q8n5uyj6268a1.png?width=1595&format=png&auto=webp&s=eb6e9d8d58eb70c8e1def32a845ed8321ce6f704 + +All while sparring our friend Kenny from any negative press, until we find out that Citadel Advisors Llc actually owns + +https://preview.redd.it/baev7pi8268a1.png?width=1852&format=png&auto=webp&s=092879099642c39d7b1b65d0118886f9be67eb0b + +**1,057,139 shares in CME group according to their latest filings:** [https://fintel.io/so/us/cme/citadel-advisors-llc](https://fintel.io/so/us/cme/citadel-advisors-llc) + +to which also Marketwatch belongs to, as it is a subsidiary of Dow Jones. **Just the usual conflict of Interests - are you even suprised at this point?** + +https://preview.redd.it/p1cqn8ka268a1.png?width=1643&format=png&auto=webp&s=1c2436425d6bd63f6280ad574ebafc927b785d39 + +It doesn't help either that Kenny has the backing of Rupert Murdoch, **who owns the company** [**News Corp**](https://en.wikipedia.org/wiki/News_Corp) **and** hundreds of [local, national, and international publishing outlets](https://en.wikipedia.org/wiki/List_of_assets_owned_by_News_Corp) around the world, including in the UK ([*The Sun*](https://en.wikipedia.org/wiki/The_Sun_(United_Kingdom)) and [*The Times*](https://en.wikipedia.org/wiki/The_Times)*)*, in Australia ([*The Daily Telegraph*](https://en.wikipedia.org/wiki/The_Daily_Telegraph_(Sydney))*,* [*Herald Sun*](https://en.wikipedia.org/wiki/Herald_Sun), and [*The Australian*](https://en.wikipedia.org/wiki/The_Australian)*)*, in the US ([*The Wall Street Journal*](https://en.wikipedia.org/wiki/The_Wall_Street_Journal) and the [*New York Post*](https://en.wikipedia.org/wiki/New_York_Post)), book publisher [HarperCollins](https://en.wikipedia.org/wiki/HarperCollins), and the television broadcasting channels [Sky News Australia](https://en.wikipedia.org/wiki/Sky_News_Australia) and [Fox News](https://en.wikipedia.org/wiki/Fox_News) (through the [Fox Corporation](https://en.wikipedia.org/wiki/Fox_Corporation)), through his **Ex-Wife Anne Dias Griffin, who works at the board of directors at Fox Corporation.** + +https://preview.redd.it/qkus2oae268a1.png?width=997&format=png&auto=webp&s=2186ffed3e13b82180e2198f94b3159a606c67ac + +Source: [https://www.linkedin.com/in/anne-dias-0b345189?original\_referer=](https://www.linkedin.com/in/anne-dias-0b345189?original_referer=) + +&#x200B; + +While Kenneth Griffin purchased an estate from Rupert Murdoch just one year prior before his wife started at Murdoch's company, at least suggesting that they were close. + +https://preview.redd.it/8aqlbebh268a1.png?width=1839&format=png&auto=webp&s=a80fd8328e6aca938babf21af4b54570e5e89506 + +Source: [https://www.palmbeachdailynews.com/news/20190530/palm-beach-real-estate-billionaire-ken-griffin-okd-to-raze-house-at-huge-estate](https://www.palmbeachdailynews.com/news/20190530/palm-beach-real-estate-billionaire-ken-griffin-okd-to-raze-house-at-huge-estate) (had trouble to open the link - used google´s translation feature to display it and suddenly it worked) + +"**Griffin used an ownership company to acquire the house from dePeyster. She was the second wife of Rupert Murdoch**, CEO and founder of **News Corp**. and creator of FOX Broadcasting." + +&#x200B; + +Thus closing the cycle of **Advanced Publications,** Reddit, CNBC, The Wall Street Journal, Marketwatch, CNN, Citadel & Kenneth Griffin. + +\*Information derived from an old Post by me: + +"**Guess who is also with Citadel - MarketWatch (Do I even need words at this point?)"** + +\*Can't link it currently, Reddit flags it, just check my profile + +&#x200B; + +So anyways, Reddit also intends to go public and get their own IPO btw, better think about what your money may be used for. + +&#x200B; + +An addition from uATG77 in the comments - Please show him your as I cannot link him. + +https://preview.redd.it/or0l0spnm98a1.jpg?width=881&format=pjpg&auto=webp&s=03164cd02ff4170c8fdafb39df912e88ded6cfcb +Just everybody shut the fuck up and HOLD. You don't need to care about the NFT, Loopring, whiskey, Dividends, Options, shills, twitter, other stocks, Elon, China, inflation and all other bullshit. + +Remember the OG DD and don't get too stimulated. If you get too emotional or hyped up, you will end up with disappointment or anger. + +Just unplug yourself for a week and go back to Zen Mode. +In 2020, for a couple of months, my employer accidentally withheld my taxes for MD instead of NY. I have only lived in and worked from NY. I've never been to Maryland. Not even a visit. + +I used FreeTaxUSA to file my taxes, and they explained to me that in this situation I don't need to pay taxes to two states and that I owe my taxes to NY, where I lived and worked. When I finished filing, my taxes reflected this. Maryland was supposed to refund me all the taxes that were mistakenly withheld for them and I owed. I owed approximately that amount to NY and paid it immediately. + +For months, I have held the bag on this tax difference. Paid NY and expected to get reimbursed by MD. I called every week to MD and on the rare occasion my call went through they said my "refund is under review", I would explain that I've never been to Maryland, and they would say they are going to make a note about my situation. The next caller would never see any notes. + +Until today. I am holding a letter saying that In addition to the $1100 they have, I now owe them an additional $500. I have 2 weeks to pay before interest accrues. + +I feel hopeless. This $1100 makes a big difference to my finances. Any help would be greatly appreciated. + +Edit: Thank you all for your advice and input. I will try calling the MD tax office relentlessly and also ask my employer for a corrected w-2. + +Edit 2: I have tried calling the MD tax office multiple times. It has a lengthy teleprompt system and then the call just drops because "nobody is available at the moment". Since it doesn't let you wait on hold, you have to keep going through the prompt and it is extremely difficult to get a human being. I tried the ombudsman's office as well, which has a message that says they are not accepting any phone calls and to reach out to their generic taxhelp@marylandtaxes gov email address. Equally frustrating. + +I have requested a corrected w-2 and I'm meeting with a tax professional tomorrow. Thank you everybody. +I feel like it could have been anything that got shorted to hell when e-commerce started overtaking brick-and-mortar and old companies started going out of business. It could have been Toys-R-Us or RadioShack or Blockbuster or Chuck E Cheese. But as an awkward dork who didn't have a lot of money growing up Gamestop specifically was a bright spot for me. I didn't go there often, I got one or two new games a year and had to make the most of them, and every few years I might try trading in the games that I had thoroughly played through, but Gamestop was the starting point of thousands of hours of enjoyment throughout my childhood. So I'm really glad that if there's something apes are rallying behind, Gamestop is it. +I come from from a long line of bitcoin miners. My ancestors were all bitcoin miners. My father, grandfather, and great grandfather were all bitcoin miners. It was dangerous work. Deaths in the mines were all too common. My grandfather died in a bitcoin mining accident in 1961. + +I remember that, as a child in the 1960's, everybody in the community relied on the mining income. It's the only work there was back then. + +We were pretty poor. Bitcoin wasn't worth much, not like today. On the other hand they were much more plentiful and easier to find. When I was a child, a block of 50 bitcoins wasn't hard to find. Those bitcoins could feed an entire family for a week. Sometimes my dad would find two blocks in a week. When that happened we would get to eat meat on a Sunday. But there were also the weeks when he didn't find any, and we would go hungry. + +I remember him once coming home pretty happy. He had found a hard fork. He gave us all a big kiss and then handed my mum a big bundle of bitcoin cash. She took us all out for a treat in the movies. + +It wasn't a steady income. You never knew if you were going to find any bitcoin. To smooth out the ups and downs my dad eventually joined a mining pool which shared the results amongst its members. It didn't last long. The difficulty was constantly going up and the rewards became less and less. + + As I said, it was hard and gruelling work. They didn't use nice clean electricity like they do today. It was hard and dirty work involving sweat and blood. + +If you want to know the real meaning of "proof of work", just imagine my father when he came home after a gruelling day down a bitcoin mine. You knew where he had been. The proof was everywhere. His skin and clothes were covered in bitcoin dust. The whole house used to stink of it. I think it was what killed him He was probably constantly inhaling bitcoin dust into his blockchain. + +If my father was still alive today, I wonder what he would say, on learning that bitcoin is now worth thousands of dollars. + +Anyway, sorry for the above. I do realise that this is not about bitcoin, but rather about moonshots. So here is my prediction of an exciting moonshot. My moonshot crypto is the GET Protocol token ($GET). It's a crypto with a deflationary supply. + +It's also a tiny microcap, below $10 million, which means it could easily do 100x. + +GET solves the scalping problem which plagues the ticket industry, particularly for pop concerts. Despite Covid's lockdowns, and 99% cancellation of events, there are still more than 1000 GET-powered tokens being issued every day. + +Why do I think GET will go to the moon? Simple. There will be more pop concerts once lockdown finishes. That means more demand from ticket issuers and more GET will be burned. +I graduated college with a marketing degree at 23, found a job within 6 months working for an agency. I make under 40K a year with ZERO benefits (contracted) other than PTO on major holidays + an extra five days of PTO out of the year with no incentives for increased pay (other than semi-annual performance review). The experience is pretty good, though. Thankfully my state is continuing state insurance until the pandemic ends, but after that my insurance is gone. + +I save roughly 80-90% of my paycheck since I live at home, so in some sense (*glass half full, right?*) I make more than others in terms of 'disposable' income. I am currently transferring my savings to a different higher-yield HYSA (high-yield savings account) but as of late the APY in most HYSA is garbage (1% or less). + +Other than finding a different job (I've only been here only a handful of months; I'm still gathering beginner experience), what would you do? Roth IRA? I'm not too confident in my own management of investing, so possibly an automated investing platform? What percentage of my gross or net income should I put into it? I'd like to buy a house within the next two years when I hopefully make a livable annual income. I've got roughly 30K+- saved at the moment. Houses in WA are roughly 300-400K+ for something newer, so I plan to put down around 20%. +In June I brought a rather expensive drone for myself. It was just a little over $1000. When I received it, I noticed that it was missing one of the cables that was required to use the drone. I immediately requested a replacement on Amazon and returned the one with the missing cable. I returned it to a UPS store as advised on the Amazon return instructions. A few days later I received notice that the return was received and never heard anything of the issue again. + +Fast forward two and a half months later and I receive an e-mail from Amazon that states that I returned the incorrect item and that I'll be charged if I don't return the right item. I know for a fact that I returned the right item, so I e-mailed back simply stating that I returned the correct item and asked them to provide proof that I returned the incorrect item. + +I received another canned response back simply stating that I returned an incorrect item. I replied to the canned response with the same response, only this time I also cc'ed jeff@amazon.com which from my understanding forwards to some special inbox that gets more attention. I also called amazon customer support to get more information. Support told me that they could not give me more information and that all they could tell me is that they received the wrong item. They did take a report though where I explained again that I returned the item and the customer service rep stated that I wouldn't receive any more emails on the subject and that I wouldn't be charged. + +Later that day I receive another email from amazon, this time I reply to my jeff@ email, essentially stating the same thing that Amazon has been stating. I then asked them again to provide proof that I returned the wrong item and furthermore I demanded that they return the incorrect item back to me if they cannot provide proof for whatever reason. Again they responded similarly to their previous e-mails, stating that I returned the wrong item and that they were going to charge me for it. They said they could not provide proof and could not send the incorrect item back to me. + +I'm really at a loss for what to do here. I don't have the return shipping receipt anymore since it was so long ago and I received confirmation that they received the item. When I returned the item, amazon allows you to return the item in it's regular product box without a cardboard shipping box to a UPS store. I suspect that between the UPS store and the Amazon warehouse that someone stole or replaced the drone. However since Amazon won't give me ANY information, I have no way to confirm that. + +It seems that every response I get back from Amazon on any of my requests for information is met with a "fuck you, pay me." from amazon. I assume they're going to charge my card for the $1000 soon. It's an Amazon Store credit card by Synchrony bank, so I have no clue how a credit dispute would work out in this case. If they charge me, would it even be worth brining a company like Amazon to small claims court? It feels like a VERY uphill battle in a case of he said, she said. +⚠️This is not a shareholder event⚠️ + +Here is the link to view what is on the planner to happen⬇️ + +http://meeting.gamestop.com/US_Conf/Conf_Vendor_Agenda.htm + +Looks like we will be getting to hear from our CEO Matt Furlong and also get some news on the future ‘vision’ of the company🚀🚀🚀🚀👀 + +Have a look for yourself on the other plans but my tits are always jacked for gametop doing something🚀 + +TO THE FUCKING MOON 🚀🦍🌕 + +TADR: +Gamestops hosting a virtual event September 14-16th (idk how we havent heard of this yet...) +I have been in Bitcoin and Ether for a bit, but I'm looking to diversify, so I plan to sell everything back into Bitcoin and spread out. + +NEO makes me nervous, anytime a coin shoots up really fast it seems like it's destined to crash. Plus, as a rule I don't trust much coming out of China. + +So, excluding NEO, what do you think I should do? +Word of caution, there are plenty of people on this forum that thrive in getting people to panic or push their bearish view on them. + +I don't know where house prices are going to go but the environment isn't as bad as the narrative that people are spruiking on this forum. + +First of all the RBA will be watching closely in how the economy manages the increase in rates. As per Dr Lowe's statement, wage growth would require to increase substantially for inflation levels to be sustained once supply chains are back on track. No one wins by the RBA jacking up rate to 8% in 12 months. Its just not going to happen. Which brings me to point number 2. + +The neutral cash rate (neither stimulating nor contractionary) is 2.5%. So if you're comfortable servicing a 4.5% interest rate then you'll be fine. Yes the rate might temporarily go higher to "cool" the economy, but it would require real wage growth for this to be sustained for a longer time. Wage growth obviously makes servicing your debt easier and this means the value of debt is essentially eroded. + +So most people have their mortgage serviceability assessed at 5.5% or higher which is a full 1% higher than what the "neutral" mortgage rate is. + +Lets talk about APRA. It is the banking regulators responsibility to ensure banks aren't taking on systemic risks. They are quite happy with how the banks have been lending which can be seen by their lack of introduction of the Countercyclical capital buffer. This buffer is introduced when APRA gets a wiff of systemic risk taking, which isn't the case. + +Savings rates and deposits are through the roof meaning a large proportion of Australians have tucked away savings during the pandemic and this gives them a very nice buffer. This isn't overly surprising. People, in times of uncertainty, tend to take a conservative approach and reduce their spending or bank the stimulus checks. This happened en mass in 2020/2021. + +Speaking from experience, APRA has been engaging with all the banks and making sure they aren't taking on excessive risks. This means they've been keeping a close eye on how much of banks portfolios are in "risky" mortgages which includes high LVR loans. Investment loans, interest only loans and also loans with debt-to-income ratios of 6 times or higher. + +We are currently sitting on record low default rates in banking. This is obvious because of economy stimulus measures in 2020 and into 2021 but also record low interest rates. Default rates WILL increase because they can't stay on record lows forever. This won't be a surprise to anyone. Will this be a huge systemic issue and will it crash the housing market? I highly doubt it. + +In the organisation I work the view is that house prices have to cool. What has happened to the housing market just isn't sustainable. But the consensus is that the market will cool maybe 10% or so, certainly not the 30% to 50% drops that I've seen suggested on this forum. + +Please take this post with a grain of salt. I don't know what will happen. Admittedly compared to many other posters I have a far less pessimist view of how this housing 'crisis' will unfold. But hopefully I've expressed in layman's terms why I feel this way. + +Keen to hear other peoples views and remember its okay to disagree. +I had invested about 5k into ARK funds. I lost about 50 percent. My initial idea was that this was a good long term play however given that they are consistently making bad trades and don’t generally have a long term outlook for their stocks, plus the management fee I think it may be wise to take the loss and put the money into something more stable. Anyone have any faith in the long term of ark funds? + +Was thinking of buying QQQ OR VTI. Would appreciate any thoughts +We just moved into a new place and I couldn't even hold my hands outside the covers at night, I was so cold. It didn't matter what temperature we had the thermostat at either, there was always a cold draft. + +So I bought a 10 window box and figured I'd just do a few rooms. My boyfriend was skeptical because.... Well, it's like saran wrap. And looks tacky. Fair. + +But holy crap, the place is downright balmy now. We did every room. Turned the thermostat down to 65 for the night and I actually got TOO WARM. + +When I'm cold at home I have a hard time doing other stuff, work, hobbies, whatever. I hope this helps someone cozy up their house this winter and lower their heating bills. + +Edit: this is what I bought, I think they're all probably pretty similar. Covered 5 standard double hung windows with a little left over, I assume they're counting each pane as 1. + + https://www.amazon.com/gp/aw/d/B09JM8DCYL +Hi all, realize this is a broad and vague question but wanted to get the general consensus on getting a PhD along the journey to FIRE. I’m a 24 yo engineer who just got an offer to do a PhD in bioengineering in New Zealand. (USA origin) I haven’t *started* my FIRE plans in full swing, but it is a life goal of mine - do have Roth IRA with yearly contributions but not saving much money other than that. I plan to in the near future. Basically, is it a financially harmful in terms of FIRE to spend four years getting a PhD, making very low wages (20k) a year as opposed to working at an industry job immediately with room for growth at four times that amount? I realize that part of the answer depends on „depends on how much increase in salary your PhD will get you blah blah“ but wanted to probe the general mindset of the FIRE community regarding getting a doctorate. + +tldr; is getting a PhD frowned upon in the FIRE community? + +Edit: thank you everyone SO MUCH for your responses!! I certainly did not expect the outpouring of thought and perspective that I received. It looks like a lot of people have strong opinions about getting a PhD regardless of wanting to FIRE. I’ve got a lot to think about and my gut is leaning towards *dont do it* but all of your knowledge and advice certainly helps. Thanks again <3 +From how I see it, when you buy an options contract, you are handing money directly to a hedgie to write it. Then when it remains a loss or worthless it's entire lifetime, you essentially just gave the shorting broker your money and have no shares to show for it. Every week we see prices carefully and gracefully manipulated to make the maximum amount of contracts worthless, so is there something I'm missing? Please let me know what all this talk about Options is, and why there is suddenly SO MANY PEOPLE talking about options in comments like we're back in W$B and think Loss Pr0n is the ultimate goal in life? + +&#x200B; + +Also, I know about Criand's DD, and he specifically mentions to ONLY buy options if you know what you're doing. So suddenly this forum is full of people who have an expert level knowledge of options, are very vocal about it, and are working VERY hard to sway people to accept and participate in it. But that's very dangerous, considering the Dunning Kruger effect. I would bet that 9 out of 10 people who think they know how to trade options, don't actually. However all 10 who read this will think of themselves as that 1 out of 10 that does. And when those proud 9 out of 10 actually hand over their money to Kenny only to have their options do nothing, they won't speak of it here, as that would require admitting they were wrong. So we'll have this echo chamber of ONLY people saying that they made money. + +&#x200B; + +Edit: Thanks everyone who was able to answer my question with the same or less level of Snark that I asked with. I'm still not 100% sold on Options being something that will HELP the MOASS and its definitely NOT A NEW TREND for people on this sub to shun the talk of Options trading: it was a common belief since February that Options have more of a chance to hold the rocket back. However, if the paradigm is changing and new, peer-reviewed consensus states that the big boys playing with options is going to do more good than bad to help the rocket liftoff, I'll shut up. +Jack them titties. + +Last time around for earnings there was no news that came out of it, even though we felt entitled to something. Some kind of catalyst. Instead we got a 15 minute call in which RC spoke briefly and told us all to buckle up. + +And so we did. + +That shareholder meeting would be the last time we would recognize Sherman as CEO, and Matt Furlong would not be named until June 21st. As we all know, Ryan Cohen is unable to speak publicly about GME due to the “gag order” until next year at some point I believe. + +So consider this…if RC is unable to speak on it, Sherman is leaving, and Furlong hadn’t been named yet; why would we have expect some blowout announcement? + +However THIS time around… + +We have RC firmly in control, Furlong in position to speak publicly on behalf of RC, two completed share offerings, cash-lined debt-free coffers, a pending NFT announcement, new fulfillment centers and an expanding e-commerce presence to rival the likes of the largest global retailers. + +THIS time is going to be different. Buckle up indeed, apes. 💎👐🚀🦍 + +Edit: it’s earnings Eve, LETS GET FUCKIN HYPE. +28 yo male. I've only been investing for about 7 months, but man have I learned a lot since then. I wanted to point out a few main things for other newcomers. And I'm also open to any new advice anyone on here has to give. Like I said, I'm still rather new, so please don't be too harsh with any criticism. + +So I started investing with the intention of saving up money quicker than I would with a regular savings account. I still have money in a savings account since you never know what could happen with the market. Anyhow, here are a few things I learned: + +**1: Buying stocks and learning to stick with them (as long as you believe in them)**. So I had some stocks that I bought because I liked what I saw when I researched them. They weren't doing too much at first, and I would watch other stocks that I was interested in but hadn't yet bought that were starting to move up. I did what your average novice would do and sold my shares of said stock to buy the ones that were increasing. I didn't want to miss out on this opportunity while the other stock was just lying dormant. Problem is, and this is something that I didn't realize at the time, is when a stock shoots up suddenly, it's bound to drop back down a bit soon after. So I would buy that stock and watch it increase a bit, and as I said it would drop lower in price. Then wouldn't you know it? The stock that I previously had, then sold to get this new stock, started going up. Seeing this, I would then contemplate selling this new stock just to go back and buy back shares of my first stock. This is a good way to lose money, especially if you use a platform that charges fees for this. + +**2: It's okay to buy more expensive stocks, because it's more about the percentage increase**. My pricier stocks were ones that were my long term holds. I didn't care about the price of Apple because I didn't plan on selling it anytime soon and knew that it would be worth more than I bought it in the future. But there were some stocks I was looking at back around July/August that seemed kind of pricey to me. In actuality, they were maybe about $60ish, but I didn't want to fork over that kind of money if I could only afford one stock. As a result, I was looking more into penny stocks. These penny stocks tended to get me nowhere. Over time, the stocks that I thought were "too pricey" were now at about $100 a share while my penny stocks either went down or gained about 2 cents. Fast forward to today and I'm buying stocks that are about $200 like it's nothing (not literally) because I realized that a 20% increase of a $200 stock is more than a 20% increase of a $4 stock. Now the percentage increase doesn't mean everything when it comes to this line of thinking, but it's pretty darn important. There are many cheaper stocks that can take off but that typically takes time. And based on my own decisions as a novice, patience is something that you likely have to learn when it comes to the stock market. + +**3: It's less stressful/more sensible to buy 5 shares of 4 different stocks than it is to buy 1 share of 20 different stocks**. Some may disagree, and since I'm new I could be wrong, but this is how I view it. I decided to make my first real stock purchases with companies that I could hold for the long term. AAPL, MSFT, SQ, etc. After having a few long-term stocks, I began to look into short-term stocks. This would be stocks like DKNG, NIO, etc. Things were going well overall, but realized that I only had like 1-2 shares of each stock. I would see some stocks such as NIO and PLUG shoot up while they're still cheap, which was nice, but I only had 2 shares of them. Meanwhile, other stocks I had barely moved. Now I've only been investing for a few months at this point, but had I bought more shares of these stocks, I could have seen an even bigger profit. Instead, I chose to buy a share of this and a share of that, rather than stocking up (literally) on these stocks while they were cheaper. Point is, buying in bulk, or even adding to your current shares over time, is a smart move. Buying 1 share of 20 different stocks isn't necessarily a bad idea, but by the time you've bought that 20th stock, some of your other stocks may have seen big gains that you missed out on because you were busy spending money on others, just so you could have it in your portfolio. I ended up selling some stocks completely to buy more shares of others. + +**3: It's easy to become obsessed with investing**. I would constantly search new stocks online and see what the next big thing was. When I wasn't searching for new stocks, I was checking the ones I already owned multiple times a day. It's okay to check your portfolio throughout the day, but remember, if you have stocks that you believe in and don't plan on selling right away, it's okay to take a break every now and then. In fact, it wasn't until I adjusted my portfolio and got rid of some penny stocks, became more patient, etc. that I was finally at peace. I didn't think about or search stocks as much. It's a very great feeling to feel free of constant thoughts. If you're happy with your portfolio, there's no need to buy other stocks or sell your current ones. Just buy the dips. + +**4: Avoiding FOMO and impulse buying**. Man I wish I didn't even have to mention this one. But this is the biggest mistake you could possibly make, as least based on my experience. I had a great portfolio as of 2 weeks ago. Just a quick summary, I had: + +1 share of MSFT + +1 share of SQ + +5 shares of AAPL + +3 shares of SE + +1 share of DIS + +2 shares of NIO + +2 shares of PLUG + +2 shares of BE + +13 shares of DNKG + +10 shares of NNDM + +1 share of ARKF + +I was extremely happy and content with my portfolio. Then the meme stocks happened... Seeing GME shoot up overnight, then AMC starting to take off, I decided I wanted to get in on it. It's basically free money, right? That's what everyone's saying. WRONG. I bought some shares of AMC and BB, with AMC being the bulk of it. GME went from $40 to over $400 in a matter of days, so I invested heavily into into AMC, thinking it could go up a decent amount. AMC was about $20 a share at this point, as was BB. I needed money to invest in them so I sold ALL my shares of DKNG, BE, NNDM, and ARKF. Then I did a big no-no and took money out of my actual savings account. Something I told myself I would never do. Before I knew it, I'd spent about $1000 on AMC and $350 on BB. Turns out, I bought at the peak of both of them. I bought 44 shares of AMC at an average of $21.65 and 19 shares at an average of about $17. Now the DUMBEST thing I could've done aside from investing in this in the first place, was trying to "compete" with a friend or whatever you want to call it. He had 50 shares of AMC that he bought at about $2.50. So I wanted to also have close to that amount so I could also have big gains. Not so fast. Not even 1 minute after buying these shares the price went down for both stocks. I was hoping it would go back up and even told myself that if I broke even, I would sell. I didn't care about profits at this point. The AMC stock went down under $7 after hours and I was down quite a bit. I wasn't as worried about BB because I believed that would be a long-term hold anyways, but AMC was scaring me. I held it for about a week and a half, waiting to see if it would go back up and it didn't. At one point, it went up to $17 and I thought about cutting my losses and selling, but I figured if it went up that much then maybe it could go a little higher. Nope. It dropped down to $13. Then $10 the next day. Then $9 the next. I thought about holding for awhile in case something crazy happened and it went back up, but I just didn't have the stomach for it. Now for my next mistake; I bought 10 more shares for a total of 50, with the thought that maybe I could average down. This didn't even move my average price down by a dollar. Then I came to my senses. The next morning, I decided I made a mistake and to take a loss. I sold all of my AMC. About $670 worth. Now I can't even begin to explain how great I've felt since then. Sounds weird to say after taking a loss like that, but the idea of not being obsessed with checking my phone ever 5 minutes to see if the price went up so I could cut my losses was like a weight lifted off my shoulders. Right after selling AMC I bought back a few shares of DKNG and tried getting some of my old portfolio back. There were a lot of mistakes made because of this, but they could have all been avoided had I not YOLO'd or bought because I wanted to make money that everyone else was making (or so I thought). + +**5: Learning when to cut your losses**. This one hasn't been an issue for me until the whole AMC debacle, but it's important to know. If it's becoming more and more clear that a stock price is dropping with no end in sight, many of you may panic sell, which in this case could be your best move. Others may continue to hold, with the hope that the stock will magically recover. And others will hold simply because you're scared to let go and lose your money. I had this same thought for the last 2 options, but think about this: you're down $300 and don't want to lose it so you hold. Next thing you know you're down $400. Now you could continue to hold and lose more. Likewise, you could continue to hold and maybe months, years, or even decades down the road you will finally break even. However, although you're down $400, there's still another way of looking at it. Say you sell and lose the $400. Sucks, right? Of course. Anytime you lose money it sucks. But instead of holding and you lose even more money, you take whatever money you have left from that loss and any other money you want to invest, and you buy shares of another stock. What if that stock ends up netting you a $500 profit? Now you've technically gained $100 since taking that loss, versus losing even more than that $400 had you continued holding. You also could have been missing many more investment opportunities while you were holding for a loss. Money could be passing you by while at the same time you're losing some. There's not one person in the stock market who hasn't taken some sort of loss. Some are bigger than others, but a loss is a loss either way. And sometimes taking a loss is the smarter move in the long run. + +There are a lot of things I've learned from investing, and I've made a whole lot of mistakes, but it's all a learning experience and sometimes you really have to make these mistakes yourself in order to learn from them. I never thought I would have been caught up in the AMC/GME craze, but here we are. Just remember that no matter the mistakes you make, there's always room to grow and ways to get back on track. Good luck out there. +Guten Tag to this global band of Apes! 👋🦍 + +We are nearing the end of another week in the GME saga, it is a good moment to reflect upon just what a great company we are invested in, and what a great time it is to HODL GME. +Nobody can predict the MOASS, but one thing is clear to me - the MOASS is inevitable. +The Short Hedge Funds never closed their short positions. +They bet heavily upon their ability to kill GameStop and profit from the destruction. +They had profited so much from doing the same thing numerous times, and they were certain they could do it again. +Even at the point of the Sneeze, I expect that the Institutional Shorts viewed the price hike as a golden opportunity to massively increase their short position, assuming they would emerge victorious. + +They did not understand who they were up against. +They had never faced the strength of Diamantenhände. +They had never faced true Apes. + +Meanwhile, GameStop's leadership was completely overhauled, and a new foundation was built. +GameStop wiped its debt, established a massive cash reserve, and became financially healthy. +GameStop reinforced its supply chain, and began to delight customers with same-day delivery and great new products. +GameStop invested in a digital expansion, partnering with industry leaders to launch an NFT ecosystem to an eager customer base. +As we await the next stage in this expansion plan, due any day now, rest assured that this is a company that will continue to thrive. + +I would *hate* to be on the wrong end of a bet against this company right now. + +Today is Thursday, June 23rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$138.41 / 131,56 €** *(volume: 411)* +- 🟥 115 minutes in: $138.47 / 131,61 € *(volume: 411)* +- 🟥 110 minutes in: $138.84 / 131,96 € *(volume: 376)* +- 🟩 105 minutes in: $138.90 / 132,02 € *(volume: 376)* +- ⬜ 100 minutes in: $138.76 / 131,88 € *(volume: 365)* +- 🟥 95 minutes in: $138.76 / 131,88 € *(volume: 365)* +- 🟩 90 minutes in: $138.84 / 131,96 € *(volume: 363)* +- 🟥 85 minutes in: $138.62 / 131,75 € *(volume: 340)* +- 🟩 80 minutes in: $138.65 / 131,78 € *(volume: 335)* +- 🟥 75 minutes in: $136.90 / 130,12 € *(volume: 304)* +- 🟥 70 minutes in: $138.04 / 131,20 € *(volume: 190)* +- 🟩 65 minutes in: $138.20 / 131,36 € *(volume: 190)* +- 🟥 60 minutes in: $137.59 / 130,77 € *(volume: 187)* +- 🟥 55 minutes in: $137.68 / 130,86 € *(volume: 187)* +- 🟥 50 minutes in: $137.72 / 130,90 € *(volume: 187)* +- 🟩 45 minutes in: $137.81 / 130,99 € *(volume: 187)* +- 🟩 40 minutes in: $137.75 / 130,93 € *(volume: 132)* +- 🟥 35 minutes in: $137.71 / 130,89 € *(volume: 119)* +- 🟥 30 minutes in: $137.71 / 130,89 € *(volume: 116)* +- 🟥 25 minutes in: $137.74 / 130,92 € *(volume: 116)* +- 🟥 20 minutes in: $137.81 / 130,99 € *(volume: 116)* +- 🟩 15 minutes in: $137.82 / 131,00 € *(volume: 38)* +- 🟥 10 minutes in: $137.66 / 130,84 € *(volume: 8)* +- 🟥 5 minutes in: $137.74 / 130,92 € *(volume: 8)* +- 🟥 0 minutes in: $137.76 / 130,94 € *(volume: 1)* +- 🟥 US close price: $138.46 / 131,60 € *($138.20 / 131,36 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0521. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi all, + +sorry if this is a long one. + +Ok so I've just used a couple of calculators to work out roughly what i will be expecting to get in terms of retirement , and frankly, I'm scared. + +Full details: + +I'm 43 years old.I have around £40k in pensions acrued so far (personal one which I have only been contributing a small amount to for 20 years, and a couple of workplace pensions from the last 7 years or so, some with Aviva and some Nest). + +I'm currently putting in about £365 myself and my employer is putting in £455. + +Both calculators are telling me that i'm going to be ending up with a pension pot of about £800-900 a month. (with gov pension being about 700 on top). + +I know this is entirely my fault for not doing much earlier in my life, but i've only in the last 10 years been earning enough that it feels like its possible to put a bit more in than normal (and also working for a company which actually contributes anything, thanks to the 'new' pension rules). + +So even though i'm putting in nearly a grand a month, I'm still looking like i'm going to get a monthly pension of about £1500 (and presumably that would be taxed too!) + +I'm not going to be able to get by on that, granted my house will be paid off by then, but all the other bills and living day to day. + +I'm actually so worried i'm shaking. + +&#x200B; + +I'm kinda hoping someones going to tell me i've looked at it all wrong. but the realist in me thinks thats hugely unlikely.. + +&#x200B; + +any pointers? + +&#x200B; + +&#x200B; + +bonus question: is there any downsides/reasons i shouldn't consolidate all my existing pensions into my current workplace/NEST pension? +Guten Morgen to this global band of Apes! 👋🦍 + +It is a daunting task to write today after a weekend filled with such a large number of events. +Of course, the largest of these is the news that Credit Suisse is on the brink of collapse. +We've been watching this bank for the past two years, wondering when its incredibly risky behavior with swaps would finally be its downfall. +As they attempt to try to assure their shareholders and clients that they are solvent, it is becoming increasingly clear that they are not. +When Credit Suisse fails, which may be as soon as *today*, it will ignite the powder keg that was built upon ridiculous swaps. + +My friends, this feels very much like the moment that the roller coaster we've been ascending for the last two years is about to crest the hill and begin the ride of our lives. +I cannot predict the future. +I cannot tell you what is going to happen in the days ahead. +I cannot think of a group that I would rather be on this ride with. + +Please, take any final measures you must to be ready for what comes ahead. +Steel yourself against the incredible amounts of FUD that will be spreading from all directions. +You know what you HODL. +Remember *why* you HODL it. + +Today is Monday, October 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$25.01 / 25,66 €** *(volume: 600)* +- 🟥 115 minutes in: $25.00 / 25,65 € *(volume: 600)* +- 🟥 110 minutes in: $25.05 / 25,69 € *(volume: 472)* +- 🟥 105 minutes in: $25.05 / 25,70 € *(volume: 432)* +- 🟥 100 minutes in: $25.06 / 25,71 € *(volume: 397)* +- 🟥 95 minutes in: $25.13 / 25,78 € *(volume: 383)* +- 🟥 90 minutes in: $25.19 / 25,84 € *(volume: 383)* +- 🟩 85 minutes in: $25.20 / 25,85 € *(volume: 349)* +- 🟩 80 minutes in: $25.03 / 25,67 € *(volume: 349)* +- 🟥 75 minutes in: $24.99 / 25,64 € *(volume: 349)* +- 🟩 70 minutes in: $25.05 / 25,70 € *(volume: 346)* +- 🟥 65 minutes in: $25.04 / 25,68 € *(volume: 346)* +- 🟩 60 minutes in: $25.15 / 25,80 € *(volume: 310)* +- 🟩 55 minutes in: $25.14 / 25,79 € *(volume: 310)* +- 🟥 50 minutes in: $25.12 / 25,77 € *(volume: 310)* +- 🟥 45 minutes in: $25.13 / 25,78 € *(volume: 310)* +- 🟩 40 minutes in: $25.14 / 25,79 € *(volume: 239)* +- 🟥 35 minutes in: $25.13 / 25,78 € *(volume: 239)* +- 🟩 30 minutes in: $25.13 / 25,78 € *(volume: 239)* +- 🟥 25 minutes in: $25.09 / 25,74 € *(volume: 239)* +- 🟥 20 minutes in: $25.12 / 25,77 € *(volume: 239)* +- 🟩 15 minutes in: $25.13 / 25,77 € *(volume: 239)* +- 🟩 10 minutes in: $25.10 / 25,75 € *(volume: 209)* +- 🟩 5 minutes in: $25.09 / 25,74 € *(volume: 209)* +- 🟥 0 minutes in: $25.08 / 25,73 € *(volume: 139)* +- 🟥 US close price: $25.13 / 25,78 € *($25.15 / 25,80 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9748. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +First off, the media will lie about the hedge funds going bankrupt to try to make people sell so they won't go bankrupt. + +Second, them going bankrupt is just the beginning of the real squeeze and when the dtcc will have to start buying. Citadel will go bankrupt waaaaayyyyy earlier than anyone's $10 million floor. + +Lastly, I'm throwing shares in the Infinity pool because this isn't over for me until people go to prison. Not jail. Not pay fines. PRISON. When the tide pulls back and we see who is naked, PRISON! Msm/journalists that are being paid to lie to the masses. PRISON! Government officials that have allowed this, PRISON! Follow the money Gary! Lock these pieces of shit up! These fuckers put millions of peoples financial futures at risk willingly. They will more than likely not only break our economy but the world economy also. Yes, I know, I will be holding a long time to make this happen, probably forever!(edited to add probably forever) That's why it's the infinity pool. +Ihave been having a hard time in these markets. So, I wanted to find the simplest way to make a minimal living through trading. + +What do you think about this: + +Objective: make 2k a month + +How: Sell puts on UPRO At 15 days, 30Delta. If I get assigned, I can sell calls at cost price or more until i sell them off. + +Dollar cost averaging at each assignment. + +Sell more in high IVR. (Great decay) + +I don’t really care at all BPR or about being more efficient with my money. I just want to have this small piece of the puzzle first. + +Easy to reduce cost basis if big sell off. + +Can you please either destroy my thesis so that I can see where this can go wrong or arguments to support it? + +Should I be buying options instead? Which options? +I see people on here claim things like this and I'm not seeing how it's possible. + +8% annual returns is considered pretty good. 2% a month works out to 27% annual returns. You're looking at what professional investors make in 3 years. + +What's the catch? +I see people on here claim things like this and I'm not seeing how it's possible. + +8% annual returns is considered pretty good. 2% a month works out to 27% annual returns. You're looking at what professional investors make in 3 years. + +What's the catch? +I hear optimal DTE is 20-35 days. I’ve heard 30-45 days. + +What’s your preference and why? Does this decision change based on if you choose ITM vs OTM vs ATM? As I understand it theta decay will vary based on which strike you choose. + +Also does your DTE decision vary based on the volatility of the stock in question? + +Just wanted to see what the general thought process is when mixing/choosing DTE and strike price (ignoring if we want to get assigned or not if this is possible). I know there’s a lot of variable! + +Guess I’m trying to figure out a balance in weighing DTE, strike, Greeks, volatility etc +First of all, I didn't buy any shares, as I haven't got any investor account yet. Right now, I am in a phase of learning that is why I have a question based on the current situation with companies like GME, BB, AMC and so on. + +The strategy is simple: to buy and keep till it will be 1000$ per share, but what next...? + +Let's go big and assume it will be really +1k$ per share. Investors are happy, champagnes are being opened, but who will buy it for 1k$? It might be a dumb question (sorry), but what if no one will buy shares anymore? It's like keeping old banknotes after hyperinflation. Huge numbers, but worth nothing and at some point value of those shares will decrease and no one will get a profit. + +I've just started learning about finance and accounting, thus I am clueless. Could someone explain to me how does it work? How these people want to earn this money?? +I want to know what you all do when reinvesting dividends. I currently get about 120 USD annually from my portfolio. I have my account setup to where the small dividend paid by the company is automatically reinvested into the same company. I was wondering if maybe, should I just hold dividend payments and then pay into a stock of my choosing instead of having the 1-2 bucks reinvested. Would I grow my dividend income faster? +I understand the purpose of an emergency fund (especially when first starting to save money) and currently have roughly 6 months worth of expenses in premium bonds. I’ve also been slowly building my S&S ISA value, and have been starting to think about my longer term plan inc. my emergency fund. The figures used below are just hypothetical, thinking about the future. + + +If you were to keep 1 months expenses as an emergency fund instead of 6, that 5 months expenses could make huge difference with compound interest longer term (I’m in my mid twenties). 1 months expenses would also cover the majority of emergencies that I can think I would face, even if they happened at the same time - I rent rather than own property, I insure anything that I can’t afford to replace, and also I don’t drive. + + +As an example, assuming I cut down the emergency fund when S&S ISA reached a value of ~48 months expenses. Say there is a huge market crash (timed just before I desperately need money in excess of my one month emergency fund) and it wipes out 50% of the value, ~24 months expenses would still be a substantial value to pay through the emergencies. Obviously, having to cash in those funds at a market low wouldn’t be ideal at all, and would likely result in a loss on that investment. However, holding a large emergency fund as cash for my whole life is all but guaranteed to lose significant value after inflation (and opportunity cost). In my mind, considering my age and compound interest, the likelihood is that even in the worst scenario of emergency timing, I would still likely be better off with a smaller emergency pot. + + +I know that the ISA provider may not be able to release funds immediately, but NS&I take 3 days to process payments too, and I can’t imagine a scenario where I wouldn’t be able to bridge a gap of a couple of days for payment. + + +Every time I see emergency funds mentioned here, it’s seems outrageous if people don’t hold an enormous emergency balance, and I’m interested to know what I’m missing? +Article from Bloomberg + + What You Need To Know + +Tracking the global transition to electrification. + +By The Numbers + +* 3.1 MillionTotal Global EV Sales in 2020 (Source: BloombergNEF) +* $137Average price, per kilowatt hours, for a lithium-ion battery pack in 2020 (Source: BloombergNEF) +* 112,000Public EV charging points installed in China, in December 2020; the monthly figure is more than the size of the entire U.S. public charging network (Source: BloombergNEF) + +Why it Matters + +At the start of the Covid-19 pandemic, automakers’ electric ambitions seemed at risk. But the global auto industry is pushing ahead, driven by carbon emissions targets and climate change policies globally. Combined with the industry’s technological advances, those EV ambitions now are within close reach. + +Bloomberg’s coverage of this transition is focused primarily on: cutting-edge technology (improving battery manufacturing processes as one example); cost competitiveness; performance (range, and an adequate charging infrastructure); and regulatory mandates. + +There are now more than 10 million electric vehicles on the road globally — a small share of total sales, but a quickly growing one. As BloombergNEF’s analysts have underscored, and reporters from [Bloomberg Green](https://www.bloomberg.com/green?srnd=storythread-QQ0U1BDWRGG501) / [Hyperdrive](https://www.bloomberg.com/hyperdrive?srnd=storythread-QQ0U1BDWRGG501) have documented, there’s no turning back — the transition to electric road transport is inevitable. +We have tenants that have been having louder and louder fights. The cops have been called before by neighbors, and today our other tenants let me know about an especially loud fight that happened. I’m not sure what the best way is to proceed. I don’t know if this is a safety issue or if they’re just people with especially poor communication and deescalation skills. My goals are the safety and quiet enjoyment of everyone on the property. + +If you’ve been in this situation before I’d love to hear your thoughts! +Hi everyone, + I am Currently paying 3000 in rent. I am considering buying my first property - a fourplex in Chula vista SD in an AWESOME location. I am currently pre-approved for $1100000 for a single family unit. I will have a talk with my bank to see if they can lend me $1300000(the price of the property). I will also have to sell my index funds to cover the rest of the 20% down payment. This place was sold last year at $1100000 and the owner says he is a real estate investor and wants to free up the money so he can buy other properties (maybe there is an issue that he sees which makes it not worth his investment???). + +Here is the details of the property: + +- Has 3 units and a shop + +- Zoning UC-2: Gateway (Transit Focus Area) - Primary Land Uses: Mixed-Use - Residential; Retail; Office. New zoning allows construction of 20 units (I have not confirmed with the city yet). + +-Lot size 5,169 Sq. Ft + +- Living Area: 2100 Square Feet + +- Gross Income: $67,500 + +- Gross Scheduled Income: $67,500 + +- Net Operating Income: $47,500 + +-Cap Rate: 3.63 (not sure how they got this) + + + +My thinking is to buy and sit on it for 5-10 years and plan/figure out what to build. + +My question is would you invest on this if you were me why or why not? What should I look out for? What should i ask? + + + +Edit: Do you think we can find better deals (that cash flows and have a higher cap rate in SD CA)?? I am sure opportunities exist elsewhere but want to see there are deal in CA with better numbers +I started investing small sums of money in my mid-20's. We're talking a few thousand here, a few thousand there. I really enjoyed researching and picking who I thought the winners and losers would be, but the outcomes showed I was really just gambling and my "research" was about as in-depth as picking numbers off a roulette wheel. + +&#x200B; + +Once my investments got into the $10,000+ range, I was gambling with more money than I was comfortable with and started to move into ETFs like VTI. I really thought this would make my life easier, and the results have been much more predictable and stable. But damn, I still stress over timing in a completely illogical way. I'm now in my mid-30s and have quite a bit more invested over the years in relatively conservative ways with results I'm quite happy with... but I'm telling you, I still stress over every buy and these 1% or 2% daily swings. I know it doesn't matter. I know the math is in my favor. I still stress because that's who I am. + +&#x200B; + +I don't have a question. This is merely a cathartic post. I also want to say that I really enjoy the discussions here on /r/investing, even though I think you're all crazy for doing anything other than investing into a broad ETF. +I hate to say it but ETH is fucked and so are all the ETH-based coins. + +Right now Coinbase is having massive congestion problem to send/receive any ETH or ETH-based coins, including USDC. Go look at /r/coinbase + +People are reporting a day long delay for any ETH related coins transferring. Because of the insane gas price, ETH aren't just scalable right now ... with this kind of delay I would say it's virtually unusable as a cryptocurrency + +This is the opposite of what crypto supposed to do. If im going to wait hours or days for money to move, I might as well just as bank wire. +I've been looking for [this study from the Cato Institute](https://www.cato.org/blog/high-turnover-among-americas-rich) for quite some time. I think it speaks a lot to situations that pop up here. People have high paying positions young in life and are questioning whether they should bail and risk not being able to break back into that income strata or should just ride the lightening. + +The churning of high income earners is pretty amazing. The study found that "[s]ome 94 percent of Americans who reach “top 1 percent” income status will enjoy it for only a single year. Approximately 99 percent will lose their “top 1 percent” status within a decade." + +I very much ascribe to the "make hay while the sun shines" mentality and think that studies like this can serve as a reminder that high income can be a fickle, fleeting affair. Thoughts? + +Edit: I really like /u/SeriouslyJoking88's comment. A massive problem I have with mainstream retirement planning advice is that it tends to suggest a fixed rate of saving to hit a retirement goal over a very long time. American's incomes are not guaranteed, are often interrupted by periods of unemployment, and do not grow at a fixed rate. Someone saving 10%-15% may be in for a violently rude awakening if they find that they suffer a stint of long term unemployment in their 40s and cannot find good paying work again. +So I was talking to a few of my friends, and everyone was comparing car insurance rates with their varying circumstances in life. One of the points of discussion was around paying in full vs. paying monthly, and I learned that the VAST majority of my friends are just paying this thing monthly either via auto-draft or auto-credit card payment. + +I just received my renewal offer for my car insurance, which I always pay in full because I know there is a discount for doing so. What I didn't realize is that the discount is as large as it is (never paid attention to actual discount because a discount is a discount for something like this, even if its just like $50). I just got the offer from Progressive for $1523 over 6 months for my 2 vehicles if paid in monthly installments, but the pay in full offer is $1190. That is a $333 difference, which is a **~22% discount.** In other terms, by paying in monthly installments, I would effectively be paying ~~**22% interest over 6 months.**~~ edit: not accurate, but really it's like paying **22% more than you need to pay** That's on par with or worse than credit card debt. + +At that rate, this is something you should consider dipping into your e-fund to take care of when it comes up if you haven't prepared for it, and use the next couple of months to save extra hard to rebuild the fund and make sure you can pay in full at the next renewal. + +Also - last but not least, always reshop your policy at renewal or every other renewal at a minimum. It takes less than 30 minutes to hit all the major carriers and you'll probably save money. + +edit1: Yes, the obvious pay it in advance if you can applies and if the savings is worth it to you beyond the cash flow flexibility of monthly payments instead. + +edit2: My rates are high because of my particular resident zip code in the great state of FL. Uninsured motorist coverage here is stupid expensive because we have 25% of all drivers on the road lacking insurance, and beyond that the state minimums (which is what the majority of insured drivers probably obtain) are atrociously low. We own 2 luxury vehicles so payouts on these vehicles tend to be higher and tend to come at least in part from the insured party even in not at fault accidents (because of aforementioned lacking or inadequate insurance from the at fault party). We are early thirties, married, excellent credit, no violations, 1 accident on record with property damage payout only. +We will be going on an all-inclusive vacation to a resort island that assigns you a butler to bring drinks, food, set up water sports, anything at all. This is the first time we’ve done something like this, so I want to make sure we aren’t being rude. What is the etiquette around having a butler? + +Do we tip? Is once at the end of the trip enough, or do we tip every time something happens? How much is expected? Is there a general common courtesy around the hours worked (like don’t call at 3am)? What questions am I missing? +I just received a job offer from a competitor company. They’re offering 16k more in base salary and higher commission rates. The job is essentially the same role I’m in now and in. The same location so I don’t have to move. I don’t have all of the details on the benefits but I assume they’re similar also. + +I initially went looking for new opportunities to leverage a raise in my current job, which I received. But this is a pretty good offer. The stress of telling my boss I’m leaving and going through the onboarding process all over again/ meeting all new coworkers is making me concerned about taking it. + +What should I do? + +Update: just received another offer from a different company that is not a competitor for a similar raise. My recruiter is pushing for more money on that offer. +I was just thinking about Dollar Endgame and the looming 2023 recession and how we have people like DR. Susanne Trimbath calling out what is happening but the media and powers that be will continue to sweep it under the rug until it's too late. GME will blow up the market and then people will act like they never saw it coming because they refuse to 'look up' + +Edit, I'm still zen about it, just a thought that occurred this morning. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +So I'm 22 and have being living on my (wealthy) parents' dime my whole life but will be "on my own"(They will still give me money for years if I need but I'd like to become self sufficient as soon as possible) in a semester. I've been doing a lot for self improvement(reading, lifting, dieting) and one aspect of that, for me, is to do and see as much as possible in my life. Now obviously things like my dream of going to Japan, China, and Italy are special and there are ways to decrease the cost(Still gonna be expensive regardless) but how can I maximize my weekends and evenings, especially with friends, while keeping the budget low. What do you guys do for fun and excitement? I've read things like play boards games and go to the library but I'm looking for more exciting things that require you to go out. I don't mind spending a little bit but my most recent bar tab($40+ tip) made me realize I need better hobbies. Also, do you guys have good resources that help you generally save money on fun activities? I just found groupon the other day and it's given some good cheap options. Thanks! +Hey guys, probably not something that is regularly discussed in the financial space in Australia but I think it is majorly overlooked how much gambling impacts the financial health of Australians. + +Here are a couple sources I’ve found, it is unreal the financial impacts that come with gambling. Not just the initial funds lost gambling, but the ripple affect that follows. + +NOTE: Australia reported Gambling Losses of $25bn in 2019… $25,000,000,000 + +Alarmingly now look at this same Pie Chart produced by AIHW (Australian Institute of Health and Welfare) + +“The social costs of gambling – including adverse financial impacts, emotional and psychological costs, relationship and family impacts, and productivity loss and work impacts – have been estimated at around $7 billion in Victoria alone (Browne et al. 2017).” - AIHW + +If we factor the $25bn in financial losses at 15.6% referring to the Pie Chart, along with the statement above implying the social, emotional and psychological costs of gambling, it adds up to $160bn of losses…. a year. + +$160,000,000,000 + +Obviously this isn’t a set in stone figure and you can’t put a financial number of social, emotional and psychological impacts obviously. But the overall losses from gambling harm would not be far of. + +Not sure if this is the right space but I’m a young individual extremely passionate about anti-gambling as I have witnessed first hand what it can do and also have seen the younger generation become accustomed and almost brainwashed into this way of living in Australia. I’m worried about the direction we are heading, extremely. +I'm a value/growth at a reasonable price investor. I use Ben Graham's formula to value stocks. It VERY rarely lets me down and I have the returns to prove it. + +Right now MCD is worth $80 a share, but why does it keep going up more and more? Why are investors bidding up the price. + +I would love to own this stock +What are your thoughts on investing in REITs on margin (to replicate the leverage of buying a property) vs just owning a property? Obviously there’s tax savings involved in just owning a home but if I didn’t want to deal with property management the returns from the REIT seem attractive. + +Using 3% as a margin rate (Interactive Brokers) and 12% div yield from NYMT. +Context: I’m in CA if it matters. My parents are looking to do a living trust to hand down my brother and I their residential properties (still have mortgages but should something happen to them we can at least sell them for a profit), retirement funds (should there be any left over before they pass), etc. They insist on a living trust instead of a will so we don’t have to go to court. Their total NW is probably not a whole lot (less than $2m). They also have life insurance that will pay us out $1M after they pass. + +I believe what I need to do is talk to an estate planning lawyer is that right? Any idea on what to look for in one if so? What qualifications/skills background do you look for and help you gauge if they are gonna really take care of you and know what theyre doing? Not sure where to start. +We have a house in the US that we would like to leave sometimes for 2-3 months at a time. It’s in a relatively high pedestrian traffic area, so we are uncomfortable leaving it unattended for so long. + +We’ve thought about hiring a house sitter or perhaps doing house exchanges, but we’re not sure what’s the best option. + +What do you all do with your secondary residences? +Do you have a service that you might recommend? +https://twitter.com/UKFtweets/status/1242345459928178688 + +https://www.dailymail.co.uk/news/article-8147107/Limit-contactless-card-payments-rising-30-45-coronavirus-outbreak.html +With more friends looking for work at the minute a lot are coming across employers who are asking them to put together "briefs" as part of the interview process. + + +This can consist of market research, trends forecasting and product design including components/ingredients, packaging, financials, branding, timelines etc. + + +I can't help but feel this is a cheap way for companies to extract talent and ideas from potential employees, who are essentially giving a consultation service. + + +Has anyone got any experience of this from either side of the interview table? +[https://www.bloomberg.com/news/articles/2022-11-01/us-job-openings-unexpectedly-rose-to-10-7-million-in-september](https://www.bloomberg.com/news/articles/2022-11-01/us-job-openings-unexpectedly-rose-to-10-7-million-in-september) + +* Vacancies climbed by 437,000 to 10.7 million in September +* Quits rate held at 2.7%, while number of hires ease + +"US job openings unexpectedly rebounded in September amid low unemployment, likely fueling further wage gains and adding pressure on the Federal Reserve to extend its aggressive campaign to curb inflation." - Bloomberg +Hi everyone, + +First of all I'm no expert and I by no way claim to know much. But the knowledge I've learned this far seems to working and I wanted to pass on some tips for the new comers to the market. + +1. The Golden Rule + +Never invest more than you can afford to lose. The only way this "bubble" pops is by people over extending their finances to get into an unknown market. Please please be careful. If we want to this technology to be taken seriously we need to be mindful of our own situations and think long term. Nothing would hurt the future of crypto more than headlines about people losing houses because of over investing. + +2. Don't chase, your time will come + +It's a very exciting time, but with great excitement comes great risk. REQ had a run yesterday and XRP is today. Tomorrow it will be something else. Wait until you believe in your choices and do not chase the next "mooning" coin. Be wary of reddit and it's tendency to hype. Play your own game and your opportunities will present themselves. + +3. Learn + +The only thing that separates Investor A to Invest B is the knowledge they have. Anyone can make money in this current market so take time to give yourself the edge and learn. + +4. Believe in Abundance not Scarcity + +We as humans have the tendency to think if someone else has something then I don't. This kind of thinking leads to making decisions based on greed and accumulation. Thinking you are missing out or "FOMO" is a terrible base emotion to make investments and will lead to many poor choices. Take time and care. Learn about yourself. What is your tolerance for risk? How much can you really afford to lose? Is this really the best place to put my hard earned money? + +5. Learn about Market Psychology + +I personally think this is huge. It's the only real driving force behind crypto at this point in time. No coin out there truly warrants a 10-1000x rise in price. We are trading perception not value at this point in the game. The technology is on it's way into the normal world but it will take a long time to be truly adopted. Remember how mobile phones were adopted. They started out huge and cumbersome, then smaller, then colour, and now they are basically a computer. Until we are in a world where people know and basically understand these new technologies we are purely investing on speculation and promises. Some of them are promising and developing at great speed which is exciting but they are still far from their full potential with a lot of work to do. + +6. Have fun, play the game + +Remember this is a journey, not a free ride to the "good life". Enjoy it for what it is. I myself have never learnt so much about technology all at once and am enjoying the new concepts it's teaching me. Money is a game after all, it's a social phenomenon. We all agree it represents value so we regard it with high importance. But don't forget to take a step back and realise how meaningless it really can be if we aren't looking after our core human needs. + +7. TAKE YOUR PROFITS! + +Please please remember that your portfolio is worthless until it is cashed out. Don't get fooled by your portfolio's value. It could say $100,000 today and literally $0 tomorrow. These are called unrealised gains. Until you sell some of those beauties for fiat then they aren't actually worth anything. Take some profit along the way. Stay active and move your money around. Stagnant money is money that could be working for you, somewhere else. This a 24/7 market and a lot can happen while we sleep. Don't be afraid to cash out. More opportunities have been and more will come. + +Sorry for the huge post but I have seen a lot of new people here asking very basic questions. The kind of questions people need to be willing to do their own research to answer. No one can give you the game winning strategy or predict the future. The only reason people seem confident is because they are either stupid or highly educated in their field. + +Please be the latter. For the good of the community, the market and most importantly yourselves and loved ones. +Just had to share because I'm so fucking ecstatic, Christmas is always an INSANELY stressful time financially and it's really helped me out so much and I'm sure it will help out many others in this time, such a great thing to do. They also give out three days of additional "gifted leave" over the Christmas period too so that employees don't have to dip into their leave balances in order to spend Christmas with their families. Such a great company. +The waste industry is more than just hard-working gentlemen and women collecting trash from your home or business. It is an extensive ecosystem which is the backbone underpinning a growing economy. Waste Connections operations stand to materially benefit from the industrial and residential waste offshoot in light of Biden’s infrastructure plan, which targets growth in transportation and logistics in and to secondary markets (in which WCN dominates): + +*“The American Jobs Plan will build new rail corridors and transit lines, easing congestion, cutting pollution, slashing commute times, and opening up investment in communities that can be connected to the cities, and cities to the outskirts, where a lot of jobs are these days.  It’ll reduce the bottlenecks of commerce at our ports and our airports.” –* [*Biden speech on American Jobs Plan, March 31 2021*](https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/03/31/remarks-by-president-biden-on-the-american-jobs-plan/) + +Furthermore, the plan aims for a complete overhaul of critical infrastructure including the replacement of all lead water piping. Biden aims to further jumpstart American manufacturing output by increasing factories in primary and secondary markets. The industrial and residential waste byproduct of Biden’s plan will materially increase collection and processing volumes at municipal an non-municipal solid waste landfills, of which WCN owns and operates 74 in secondary regions. + +WCN focuses on secondary and rural markets as opposed to urban cities, and is able to achieve industry leading margins due to lack of competition resulting in strong pricing power and low customer churn. Over 40% of solid waste revenues are generated under exclusive arrangements (Residential: 7 years or longer for rural; municipal shorter in nature and have competitive bidding process — Commercial, industrial, and E&P service agreements typically range from 1-5 years). WCN vertically integrates its waste collection business with owning and operating landfills and transfer stations in key markets which further serves as a strategic advantage, capping competition. + +It maintains incredible pricing power drives single digit annual increases to recurring revenues; 13.1% CAGR since 2014; and industry leading free cash flow and earnings margins vs. peers. + +In sum, WCN is a high-quality, defensive name providing an essential service in an increasingly competitive environment. Given its industry-leading growth profile, robust (and sustainable) FCF generation, and dominance of secondary markets, you should consider the company a core holding and a safe play against volatility. It continues to innovate in the recycling and green energy conversion space, both catalysts to future growth and investment. As economies continue to open and the world resumes full-tilt, expect volumes and earnings growth to catapult. + +Source: [https://latecycle.com/2021/04/04/waste-connections-the-backbone-of-an-infrastructure-economy/](https://latecycle.com/2021/04/04/waste-connections-the-backbone-of-an-infrastructure-economy/) +It's very logical. International payments is an area where bitcoin is way more convenient than any other option, and this can include when one travels and has to deal with a currency they don't have +He had a rich history of gambling and caused a huge financial burden to my mother. They are now separated and regardless of this, we don't have a choice but to live together. I could go on and on about this, but I'm sure there are stories similar to mine. + +We were casually talking about my PT job and all of a sudden he shifts his topic about me helping out with their mortgage: as in applying in the future to help them get a better mortgage rate. His credit score is terrible which affected both of them living off paycheck to paycheck. I help out as much as I can but my mother wants my dad to be held accountable for the situation we are in: She wants me to save $$. Regardless of that, he insists that paying mortgage should be passed onto me and Idk how to feel about it. I'm graduating in April and I'm guilty of thinking this, but it's not fair to me. I don't have a lot of money and he makes me feel like I can't think for myself and how I should use my money towards. + +Not only did he speak of mortgage, but he insisted on opening a CC under my name with him as an additional cardholder. He said it could help with my credit score but it is perfectly fine. I have so much frustration in me because he has asked me to help pay part of his debt of $20,000 from his previous CC that is now closed. That's how severe his gambling addictions were. When he asked for more money, I had enough of him and said no. He would berate me and slam stuff but apologize after a week or so. Idk how to respond to him and I'm worried about the outcome. For years, our financial situation has not changed. I feel stuck and burdened. + +Somebody please, pinch me. I wish I were only dreaming. I feel stuck in this never-ending burden of my father asking me to help them with a mortgage, CC, f\*k knows what else. + + +EDIT: Thank you guys for taking the time to respond to my post. I've really only talked about my situation with one person in my life, and I'm glad I took this to the internet. A lot of you made very good points I didn't think twice about: it was an absolute eye-opener. For those wondering, I did not open a CC with my father and I don't plan on getting him involved with my finances. It's going to be a heavy-heart journey... It'll be worth it. +Just excited that I met a little goal. + +I’m earning $115k, SR 16% and my 401k just hit $50k. + +I’ve got about $400k in home equity and could really afford to save more but I think I’ve got decent balance right now. + +That is all! + +Edit : + +Hey, since this one is getting more attention than I thought it would and to give some more detail : + +I am 37 and live in a HCOL area. + +I make $115k and my wife makes $75k. We have one child. I work in aerospace manufacturing. + +We have a house and a condo with combined equity at this point of about $400k. +This equity came from selling our first house, putting all equity ($125k) into the new house plus some savings. + +Condo was purchased with 20% cash down and we carry a mortgage but values around here have been going up at a staggering clip (PNW). + +My SR is 16% - 10% 401K and 6% discount stock. +I get a 3% match from my company on the 401K and 15% off market pricing on company stock. + +Company is a Fortune 500 manufacturer and is well diversified as far as what industries they serve. +Should my contribution to my discount stock be higher? Probably. + +My SR could be higher but I am comfortable, we are able to do what we want when we want and I don't feel that I'm being irresponsible at my current SR. + +I'm a victim of lifestyle creep for sure so I've been making a conscious effort to reign that in. + +Let me know if you have any more questions - I'll try to answer everyone and thank you for the feedback! + +I want to create a trade bot that trades Cryptocurrencies; however, I am not sure where I can start. I have been using python for 4 years. Is there a tutorial or youtube video I can look into? +TL:DR. The DTCC as a collective can absolutely cause a fake squeeze. This is not a squeeze until its 100,000+ and it is not the MOASS until its 1,000,000+ and how far it goes is entirely dependent on how much apes decide to diamond hand. + +TA:DR. Buy (if you can) Hold, Buckle up, and expect all manner of fuckery + +There is a theme I have seen come up quite often and I would like us to have a discussion about it. + +People say that once it gets passed X amount - a few thousand, then marg will be calling and it will be game over. + +THIS IS FUNDAMENTALLY WRONG. + +Like, are you fucking serious? At this point of the game, you actually think there are things that they CAN'T do to the market? + +1. IF, the house of cards is as big as our DD suggests. +2. IF, the major players are as interconnected as we think they are + +# THAT MEANS our opponents are every major institution in the DTCC; If not the entire DTCC itself. + +We are talking about bankrupting hediges and market makers until the DTCC feel it. You don't think they will band together to protect that? + +Now, They have shown they can limit buying (I don't think they will again). They have shown they can flood the market with fake shares they have shown they can do pretty much whatever the fuck they want. + +The DTCC said to congress that they **\*waived additional margin requirements in January\*** + +You don't think they will waive those requirements to prevent margin calling? + +&#x200B; + +So, they let the price go to 15,000. They flood the market with "volume" on the way up and down to make it look like covering. They announce some hedgies go bankrupt. The price crashes back down. The squeeze is over. + +The collective will of the DTCC is absolutely able to make that happen. + +IMO this is not a squeeze until its 100,000+ + +This is not the MOASS until its into the 1,000,000+ + +If this is going to be a squeeze or the MOASS is entirely on what you have the fortitude to diamond hand through. + +<3 you Apes + + +\*Last edit - depression and shit. If im wrong, that's great! Not trying to spread FUD. Im just wanting Apes to be prepared for criminals to do criminal shit that is currently regarded as "impossible". + +I think underestimating them would be a terrible mistake. + +\*typo's and stuff and TADR +Oil slips as trade war worries outweigh Iran sanctions - https://www.cnbc.com/2018/08/31/oil-prices-dip-on-concerns-sino-us-trade-conflict-could-escalate.html + + +Here is a summary of my current positioning and trades. + +Closed Positions Thursday + +1. Sold VIX Calls +September-19th-12 Strike +Bought at 2.80 & 2.15 +Sold at 2.65 +(7.82% Gain) + +Opened Positions Thursday + +1. Bought More GDX Calls +September-21st-20 Strike +Bought at .11 + +Current Short Term Outlook: + +1. Bullish Gold Miners +2. Bearish Oil & Gas Co's + +Current Open Positions: + +1. Long GDX Calls Sept-21st-20 Strike +(.53 Average Cost Basis) + +2. Long XOP Puts Sept-21st-42 Strike +(Cost 1.16) + +13.38% Average Gain per Trade in August + +15 Closed Trades in August +200.81% on all Closed Trades +Hey all, I hope this is the correct place to be posting this. + +To cut to the chase, I've been an idiot. I never expected to live this long so I never thought anything of all this paperwork stuff. I've been working self employed for 6 years and I've never done my self assessment. + +I want to sort my shit out and be an adult but I have absolutely no idea where to begin and if I can ease getting my backdoors smashed by the tax man. + +Absolutely any help is welcomed! Thanks for reading if you did. +Unlike in their current content model, both avid and casual gamers have incredibly easy access to video games/mobile games and know where to get them. Producing new games is expensive and difficult; making them enjoyable and popular even more so. Licensing games from other companies like Sony or Activision would be incredibly expensive as well. Maybe more importantly, the gaming consumer is simply a different consumer - one that would much rather own a game forever than rent it or have access to it via a subscription. Gamers want their own Xbox, their PS5, their Switch, their PC, and they want to buy or download games that they then own as property. It’s just not the same thing as television media. + +Netflix created a new entertainment paradigm with streaming television shows and movies, but there’s just no window for them here in the gaming industry unless they come up with something new, which doesn’t seem to be their intention. +I'm pretty confused by why my margin balance appears to be so low. See here: https://i.imgur.com/4bizK9G.png + +-- +$66,507 in held securities + +$24,087 of which have covered calls written on them + +-$2,755.00 I owe from sold to open options + +$60,000 in cash obligated to CSPs + +-- +My account has a value of $101,645. Shouldn't I be able to use the account as if it were an all cash account worth $203,290? I don't own any options or penny stocks which I understand can lower your margin balance. I do have 1000 shares of UMC valued at $9.26 each. Merrill seems to say stocks under $10 aren't eligible for margin. + +-- +$66,507 - 2,755 = $63,752 net held investments, $61,117 in cash or cash sweep. I should have $203,290 - 63,752 - 61,117 = $78,421 in margin left to use based on my limited understanding, yet it's showing my account as only having $23,178 remaining margin buying power. + +-- +I can't seem to sell another CSP worth more than my withdrawal-able (with margin) cash balance. + +-- +I presume it's due to the combination of stocks, CSPs and CCs I have and my poor understanding of how available margin interacts with CSPs and CCs. + +-- +I have 13 wheels going, 10 on CSPs, 3 on CCs. The goal is to never get assigned enough to ever actually touch my margin balance. + +-- +Is there an ideal allocation of held stocks and cash to have on hand such that I can maximize the value of CSPs and CCs I can sell-to-open? + +-- +Thanks in advance! +My financial advisor is trying to talk me and my wife into life insurance. We are late 20s, no kids, so he says we can sign up for term and then later roll it over to full life. From what he told us it sounds like the whole life policy would turn into an investment. I don’t really see how this will be all that beneficial. Why wouldn’t you just invest elsewhere. I have another meeting with him soon so I’ll ask him about it again but I wanted another opinion on the topic. +Hi all! + +Just welcomed first child into the world, which is all very nice, but my mind has quickly shifted into the reality of the situation and that obviously centers around finances. + +We have one used car currently (16’ Subaru Crosstrek) with 53K miles on it and still owe like 7500 on it (monthly car payment is $274). + +I know at some point down the line, we will need to buy a second automobile...my thinking is to first to pay off the existing car and THEN seriously consider making a purchase on a used car. Is this the right approach? + +Should I be viewing this differently somehow? + +I will need transportation to get to work now and while my wife will remain working from home for at least until the end of the summer (due to Covid precautions with her work)....do we NEED a second car? + +Other monthly expenses are mortgage, utilities, phones. + +Any input would be greatly appreciated! +After paying bills and other expenses, I have roughly about $300 left over. I want to start putting away some money (about $50-$100) away every two weeks. As the title says, I want it to grow. As someone with little to no knowledge about stocks or other ways to invest my money, where can I put that income into in order for it to grow? +https://www.ft.com/content/f4283596-c967-11e9-a1f4-3669401ba76f + +Some quotes from the article that show how bad the author misses the point: + +>The first problem is property. Most young people I know would struggle to save even 20 per cent of their annual income, as they spend more than 50 per cent of it on rent. Others manage to save — plenty still live with their parents — but intend to use their pot as a property deposit, rather than a retirement fund. + +We've seen countless examples on this sub of people with average incomes saving large fractions of their income just fine, but just because some people can't means that the whole concept is flawed? + +>And the longer-term worry is the maths. Catchy concepts such as the “4 per cent rule” look increasingly optimistic as global growth stutters, and bond yields turn negative. I’m a fan of investing in low-cost trackers, which have served my portfolio very well over the past decade, but I’m not expecting this performance to be repeated over the next 10 years. + +I don't think she understands the math enough to criticize it if she can't even offer any reasoning other than 'past market performance does not guarantee future results'. Maybe the 4% rule won't hold for some periods in the future, but the same is true for pretty much every other rule-of-thumb... + +>My final beef is the frugality. If you take money saving to the extremes that some Fire devotees claim to, then the whole thing becomes self-defeating. + +FatFIRE anyone? + +>In the old days, we may have tried to hide our penny pinching ways. Today, virtue signalling has made being thrifty fashionable. + +You're just a bunch of hipsters here not getting any real benefit. + +Author info +>Claer Barrett is the editor of FT Money, and presents a daily financial news bulletin on Eddie Mair’s LBC drive-time show at 5.30pm +My battery died and it would cost me $5K to put in a new one. But the dealer told me that the car is in perfect condition and a new battery would easily take me to 300K miles if maintained properly. I have 160K miles on it. I'm guessing a brand new prius would cost me at least $25K or so out the door. I was getting 48 to 52 mpg before the battery died and I know it's in good condition because I maintained it meticulously - always took it to the dealer. Battery dying was my fault because the dealer has warned me for couple years that it needs to be replaced (I guess 12 years is a long time for a hybrid battery). My gut instinct is to spend the $5K and keep driving my Prius. I'm the original owner so I know that it's in good shape. I won't get that same assurance if I buy a used car. + +&#x200B; + +UPDATE: After reading so many helpful posts, I decided to give green bean a try. Just made an appointment online - About $1500 bucks with 5 year warranty. I'm going with the consensus. Thanks! +I have noticed that thanks to Robert kiyosakis book “rich dad poor dad” that many folks in business and real estate community equate having a W-2 salary job or the “rat race” with socialism. I have seen countless real estate educators, podcasters, and online influencers describe working for a salary as a socialist thing. I enjoyed rich dad poor dad for other reasons but this ignorant re-education he is attempting is too far and very annoying. + +Finally after years I just wanted to vent and hope even a few of you could benefit from setting this straight if your willing to listen to a paragraph or 2 here. What kiyosaki describes as socialism is being on the exploited side of a capitalist relationship. It does not matter if it’s a private company or the government if you work for a wage in exchange for hours of time spent and do not own the value or assets you are involved with creating it is a capitalistic relationship. This is the definition from a socialistic perspective, and to be fair this is who should be setting the definitions here not the people intentionally misrepresenting it to defame the ideas. If you do not own a stake in your own created value you are engaging in capitalism still … if you are just paid per hour and have an owner/bosses it’s capitalism but you are on the other side of it as a worker and not capitalist. one with a corporation is private capitalism and the other in government is state owned capitalism. The relationship is what counts not who is doing it(this makes famous examples like USSR, china state owned capitalism) + +A Socialist business is cooperative and the people doing the work own the business together or if they do all they work themselves then there is no issue with them owning and reaping the rewards themselves as a small business in a socialistic society. I have heard people call the “rat race”or working for others paid by the hour as stupid and socialistic. It might be smarter to be on the winning side that ends up owning everything and not being tied to your per hour wage to survive but paying others as expendable services is very much a part of capitalism to have wage workers and owners be separate. A Market Socialist is one that advocates for markets and businesses but that if any enterprise gets to a certain size it should be democratically owned and a mutually beneficial partnership amongst all parties. Thus socialism is the end of the rat race not the rat race… kiyosaki in his books and lectures mistakes socialism for “capitalism on the exploited side”(thus adding to the arrogance and irony to him berating and belittling the people that he needs to keep living in society wealthy while others do the work to keep society running for his convenience) + +PS- I am a real estate developer and investor with 15 doors working on a another 10 unit development now. I understand that what I do is exploitive! I don’t pretend and look for euphemisms to make myself feel better. We should not feel ashamed to admit the truth. In our current economic system rental housing is needed and since the government won’t do it we might as well be on the winning side and do what we can to make it not suck so bad. +It looks like they are timing the bailout news for each companies with the earning report. It looks like airlines deal is finalized but they probably won't finalize and make it public until after 4/17 since most airlines report earnings starting Tuesday april 21. +A lot of people starting to say that LRC is GME for people who don't have enough money. That's just wrong. + +With LRC at ~$4 and GME at ~$200, GME is 50x more expensive than GME. But let me tell you something, when the MOASS happens, GME will be priced way more than 50 times as much as LRC. Only one of these securities has insane SI, is primed for a huge short squeeze, is surrounded by SHF fuckery, and will be the face of the mass adoption of NFTs. Yes, Loopring will facilitate this, but that doesn't mean they're gonna benefit the most from it. + +You wanna hold LRC? Please do. But stop constantly mentioning it in this sub. You don't see OG VV$Bers flaunting their Tesla shares now do you? We're a GME sub, there's a LRC sub. End of the day, ape no fight ape so stay Buying, Holding and DRSing. 🟣🟣🟣 +If my plan 2 student loan is due to expire when I am 59, but I retire early at 55, do I have to pay 9% of my retirement income over the threshold to repay the loan or is retirement income different to employment income when it comes to student loans? Let’s assume that paying the loan off isn’t an option. + +EDIT: I found this after more research if anyone has a similar question: https://www.whatdotheyknow.com/request/pension_income_included_in_incom + +EDIT2: some context for all the commenters saying this discussion is moot. I have a teachers pension that I can ask to access from age 55. I have a plan 1 loan from my early 20s (undergraduate) and a plan 2 loan from my 30s (PGCE). Due to working part-time and my student loan repayments being automatically split across my plan 1 and plan 2 loans, I am accruing more interest on my plan 2 loan than I am paying off each year. Retiring at 55 is a reasonable goal due to my husband’s income. +Let‘s remind ourselves here why we bought btc in the first place: a censorship resistant and permissionless system where no fucking institution tells me with whom I am allowed to transact with. This is an investment that bets against a repressive system built and maintained by corrupt governments and corporations that serve their own needs. If you still haven‘t grasped this then please sell all your coins and GTFO. +Hey all, ive noticed a few youtubers having several accounts to invest with. I don't really understand the reason. Personally I use robinhood and I really like the interface but after reading about them wanting to shut down reits I decided to open an M1 finance account. Besides that reason I dont really understand why people own several accounts. +People often say at age 18 I shouldn’t look at dividends at all and focus on growth. I look at funds such as QYLD, that offers an 11% yield, and compare it to something like the S&P 500, which historically returns an average of 7% and wonder why people would choose the 7% over 11%. Obviously there’s the 0.6% expense ratio, and also having to pay income tax on the dividends but it still seems like they would both return around the same, if not QYLD returning more. There has to be something I’m missing. +Are there any tax related or other benefits to an HSA accounts that are not available to a Backdoor Roth IRA account and vice versa? + +Based on my reading from /r/personalfinance and /r/financialplanning, the best course of action for me is to max out my 401k, then my HSA and then do a Backdoor Roth IRA (so as to not run into the income limits with a Roth IRA). + +Given that I am wondering which account would be the most beneficial to use for a dividend focused investment. +Nobody here truly has any idea what they're talking about. Even I, like many others, was completely trashing DOGE on this sub when it was $.02, and I watched as it went up to $.70. + + +You can have the best tokenomics in the universe but it doesn't mean shit if people aren't hyped on it and buying it. Are you really buying crypto for the underlying tech or are you buying it with the hope that the value rises and one day you can sell it to someone else at a much higher price? Hype is invaluable. + +A coin like Solana has amazing technology behind it but you wouldnt buy it if it went down 98% every year since inception, even if it had the exact same technology. The smart people are here for the money, if we were here for the tech we would be DCA'ing into things like IPhones and not Crypto. +Not sure if this is the right place to post this. But this is something I’ve been thinking about often. + +I’m only 25(F) and just got my first official job recently. I come from central Asian background but live in Europe now. My mom has given up all her savings for my education and expenses while I was studying during my Bachelor and Master. Of course I’m nothing but grateful and thankful for everything that she has done. I would love to pay it all back one day too. But because we come from a Asian background it’s normal that we take care of our retired parents. Just like my mom is taking care of her widowed mother. I’m not exactly sure how to do it . Should she live with me and my partner (28F) in the future or should I get her a separate apartment ( and pay all the necessary expenses ) that she can live in? Not sure if anyone had a similar experience and know how to deal with this form a financial point of view ? I want what’s best for her. + +Edit : my mom and I have a great relationship, therefore, it is not an issue. That being said , I have no problem being her retirement plan , it’s something I actually want. I want to make sure she has the best life and I don’t mind paying for it. So for those that think it’s a burden , it definitely is not for me! She is an absolute angel and knowing her as well as I do , we won’t have any problems living together. + +I’d like to thank everyone for all the helpful and useful recommendations and comments. +I'm a long time lurker and I'm not working towards FI. But my fiance and I we've been working towards our mortgage deposit for the last 4-5 years. We've managed to save decent amount of money but by looking at some of yours FI targets it's not even a 1/30th of some of your targets. + +I have an ok'ish job in London and she's a teacher both on ok salary but the cost or living and everything else in London is so high it took as nearly 5 years to save enough for the deposit for the mortgage and we won't even be able to buy anything in London as we won't be able to afford it despite being very frugal for the last 5 years. We'll have to buy something outside London, and by observing my friend and colleagues is still a great achievement in my opinion because people do struggle big time to save enough money for a house deposit. Some of my friends will probably never be able to do it and some of them will live with their parents forever. + +I've come to a conclusion that FIRE is pretty much impossible for us, we would have to work and save for at least another 25 years so we may as well keep doing what we are doing now and keep buying properties and work till we 65+ and then live off of the rent from two or more properties that we manage to pay off before we retire, our minimum target is one for us and two more that we can buy to rent. + +Feels like FIRE is accessible only to people on a really good salary or enterpreneurs that can save a lot every month from runing their own business. Saving towards FIRE on a regular salary in UK is almost impossible. + +What do you think? +Hi, + +Me and my partner are in our mid 30's, married with 2 small (preschool) kids, living in a HCOL city (non-US). + +Our NW is around $7M, mostly due to a recent IPO with lots of early stock. + +Our dream, and number one goal, is financial freedom. It's much more important for us than owning a house, for example. +This doesn't mean that we will retire immediately and never work again - but the availability of that option and the freedom it provides is what we are interested in. + +To that end, our plan is to create a portfolio that will generate passive income that will cover all of our expenses. + +Specifically, we want to allocate around $2.5M to several ETFs that pay out monthly - BST, DIVO, NUSI, JEPI, XYLD, RYLD & QYLD. + +Depending on the allocation of the ETFs, you can expect to get an annual yield between 7%-10%. + +We're shooting for a 8.5% annual yield, which will generate an income that is slightly above our current combined (post-tax) income (we're both in tech, so it's relatively high). +This should be enough for us to comfortably live on, especially keeping in mind that we will have more money saved and invested in other assets. + +The main pros that I see with this approach is that dividends seem to be consistent and reliable (including in bear markets), and that it requires minimal maintenance (dividends are paid out monthly, no need to sell anything). + +The main cons are giving up asset appreciation for monthly dividends (after a few decades the gap in value compared to say, S&P500, can be substantial), and the risk of these ETFs slashing their dividends for some reason. Also, we will be exposed to the exchange rate of our local currency vs USD. + + +I'd love to hear your thoughts about this plan. Is anyone else doing something similar? Am I missing something? +Are we spending too much? + +Annual gross income is $1M. About 35% go to taxes. We save 45% and invest in the market. We spend 20%. + +Thus, that 20% is $200k. That's a lot of money! I remember the days of living on just $2k/month. We don't budget, we do a "macros" diet of just accomplishing the percentages I shared above. It feels excessive, especially since we don't have a mortgage or car payments, but it is also nice to live well. The money goes to private school tuition, organic groceries, home care/upkeep, trips, activities, clothes, etc. We are a mid-30s couple with three kids. + +What are you spending at and does it feel good, bad, perfect? Does $200k sound like too much? + +UPDATE: I rechecked our numbers and our spend is closer to 25% and our savings closer to 40%. So roughly $25k/month in spending. Yikes! + +UPDATE: Lol I am not a troll! I am just mindful of my spending. Our private school is cheap ($5k/child), we drive cheap American cars (no plans), live in a tract home and have no fancy hobbies like skiing or golfing. +Snapchat is launching an updated version of Spectacles — glasses with an embedded camera. +The company says its first version of the smart glasses sold over 220,000 units. +That first version also caused the company to take a nearly $40 million write-down in the third quarter due to excess inventory. +Full disclosure: compared to most on this subreddit, I guess I'm looking more at chubbyFIRE than fatFIRE. Based on my current savings rate, I'll have $200-250K post tax income in retirement. + +We bought our current home for $360K. Based on some rough math, I figure that with our post retirement income we could buy a house worth double that and still be very comfortable. But we'd either be taking a decent chunk out of savings, or signing up for a mortgage again. I feel like the mortgage won't really matter though since we'll still have more than enough money leftover to do anything we want to do. I just can't shake the feeling that we shouldn't spend that much on a house, no matter how much I think it would be nice. + +So when you do finally retire, do you plan on upgrading to a fancy house? + +Edit: For clarity, fancy does not mean large. It just means high quality with features not found in cheaper homes. +I’m curious to learn from those who have been successful (nothing against those on the path like I am!), just ahead of where I am, who saved and saved, invested that ‘egg’s nest’ and are now living off of that + maybe social security now. In the years leading up to when you wanted to quit your full time job, how did you invest that egg’s nest? I’ve currently been in a managed eTrade account (rebalanced, etc.) for 2 years and when I run a comparison report on how it performed, it literally follows the graph line of the S&P500 (I wish I could post a screen shot) but with lower return. My fund did 9.85% over the topsy turvey past 2.5 years VS. S&P500 that did 15.87%. Is that “proof right there?” And I’ve paid a few $k for the fees. + +My profile: +51 yo, would love to “retire” (quit full time job) at 57 +Married + +Any advice? Is the VTSAX the right approach? Put 10% into some sort of bonds? I’ve been playing/reading earlyretirementnow.com which has some great advice and some planning worksheets which have been helpful, but a bit rather complicated. + +Thanks everyone! +I get that it's exciting that we are hitting all time highs. Just note that every time bitcoin has exploded like this in the past there has been a MAJOR correction. Obviously what happens in the past won't necessarily happen in the future, but don't sell your house and throw it all into bitcoin assuming that mania will never end. It absolutely can. Don't put any money into bitcoin that would ruin you if it disappeared tomorrow. + +Bitcoin is fun, bitcoin is amazing, it's a cool technology, and its potential is unquantifiable but it makes no promises on future gains, especially in the short term. +I need another LLC for a software company I am starting. I currently own an LLC in my state (WA) because I do business locally. + +I am leaning towards Wyoming because it is the easiest of the three and provides the same benefits, however most of the big tech companies are either Nevada or Delaware so I'm wondering if there is something I'm missing. +Dracula Protocol V2 launch is around the corner! We have recently completed an [audit of our V2 contracts](https://solidity.finance/audits/Dracula/) with Solidity Finance, which resulted in no security issues and overall praise for our developers’ abilities. + +With this audit complete, the Dracula team now feels confident enough to move onto the testing phase of our contracts, which will begin with deploying the V2 contracts on the Ethereum Kovan testnet. We will be running a series of stress-tests, but are confident that the functionality of the DRC token will remain unchanged throughout this testing phase and are comfortable releasing details about the planned tokenomics for V2. + +Dracula Protocol V2 will continue to use the DRC token that was used on V1, although the utility of DRC will be much different. + +**DRC Supply Cap:** The DRC token, which can be found on Etherscan at [https://etherscan.io/token/0xb78B3320493a4EFaa1028130C5Ba26f0B6085Ef8](https://etherscan.io/token/0xb78B3320493a4EFaa1028130C5Ba26f0B6085Ef8), will have a capped supply at the launch of our V2 contracts, which will be an estimated amount of 15,000,000 DRC. At the moment of deploying, all DRC minting will be disabled. From here on out, there will never be a new DRC token minted again. Although this can be changed through a governance vote, the Dracula team strongly recommends a hard-cap on the DRC supply. + +**Static Supply:** Although there has been discussion around deflationary tokenomics, we have decided to not follow that path. By not having a percent of our drain allocated to burns, we can use the additional yield to increase the earnings of stakers for our victim pools and our DRC pool. + +**Drain Allocation:** Once every day, our platform will sell underlying rewards for ETH, which is known as a ‘Drain’. This drain will be called by the Dracula team and is funded by a portion of the underlying yields from victims. Going forward, we have plans to integrate a system of nodes to automatically call the drain once certain parameters are met through a strategic partnership. + +Each drain will be distributed as follows: +**85% of each drain** goes to liquidity providers of victim pools, such as SushiSwap or Pickle. These funds are automatically invested into an interest-earning ETH strategy, which will accrue additional yield until each user chooses to harvest their individual earnings. Users can choose to harvest their yields on ETH, *or in DRC,* for any of the pools. If a user chooses to harvest their yields in DRC, then the ETH they have earned is used to buy DRC off the open market at the time of withdrawal. + +**Note:** If a user unstakes within 24 hours from depositing into victim pools, there is a 0.5% fee taken from their liquidity. This is to prevent manipulation of the drain mechanism. + +**3.75% of each drain** goes to stakers in the DRC staking pool. This will be the only DRC staking pool, yields will be in ETH. + +**3% of each drain** goes to liquidity providers of the DRC/ETH pool on {REDACTED}, yields will be in ETH. + +**3% of each drain** goes to liquidity providers of the DRC/ETH pool on Uniswap, yields will be in ETH. + +**3.75% of each drain** goes to the developer fund to help continue the ongoing development of Dracula Protocol, yields will be in ETH. + +**1.5% of each drain** goes to the gas fund to pay for future drains, yields will be in ETH. + +**Note:** After each drain, these rewards are linearly distributed to each user over the following 24 hours, which will ensure consistent yields rather than spiked earnings after each drain. + +**DRC Utility:** The DRC token can be currently staked to earn 3.75% of all ETH that comes from drains. This design ensures that APRs for DRC staking is directly dependent on TVL of Dracula Protocol and the APRs from underlying platforms. + +If Dracula Protocol manages to capture significant TVL from underlying platforms with high APRs, the staked DRC token will have a direct cash-flow to this performance, paid in ETH. This token design is meant to focus on ROI for DRC token holders, where their initial investment to earn a share of protocol performance is quickly outpaced in terms of ETH earned. + +DRC also has voting rights to the future of Dracula Protocol. Going forward, we plan on adding new features to add to the utility of DRC, such as integrations with lending platforms, tokenized staking for composability, and more. + +We believe that the DRC token can be used as an *index token for the performance of the underlying DeFi platforms*, as its returns are directly dependent on APRs for its victims, which are a result of healthy token appreciation from underlying platforms like SUSHI or PICKLE. This functionality creates a synergy between Dracula and its victims and opens the possibility for future collaboration with any of the underlying platforms. + +The implications of the V2 DRC token design are massive and we are truly excited to have this idea come to fruition. Our next update will be at the launch of our V2 contracts on mainnet, where all of the described changes will be live in production. We will also be detailing our ecosystem partners after our V2 launch, which are fundamental to Dracula Protocol, DRC, and the future of DeFi. + +**Keep up with us on our socials for further updates, soon to come!** + +Twitter: [https://twitter.com/DraculaProtocol](https://twitter.com/DraculaProtocol) +It seems every here now just wants to buy today and sell tomorrow, thinking they'll make massive gains overnight. I've held penny stocks for over a year before they took off to 10-baggers. + +Unless you're chasing a momentum play or short covering, remember: sometimes, it takes time! For those riding out short coverings, once it blasts higher, that blast only lasts a short time because shorts only have a certain time to cover! + +Remember that, and then post your next winner for 6-12 months. +The details about Ethereum displayed was provided courtesy of [barthib](https://www.reddit.com/r/ethtrader/comments/7m75u4/updated_fact_list_why_ethereum_will_be_the_most/). I came across the post and figured the post deserved a facelift to get the attention it deserves. I hope you guys enjoy it and are able to digest the information well. + +**[Why 2018 is Ethereum’s Year [Infographic]](https://fangalbert.com/2018/01/23/why-2018-is-ethereums-year-infographic/)** + +Original Thread/Source: +https://www.reddit.com/r/ethtrader/comments/7m75u4/updated_fact_list_why_ethereum_will_be_the_most/?st=jcsbapzh&sh=eba39e36 + +Disclaimer: I only made the infographic to make the datapoints in this thread more visual! + +12:56 - Just updated the infographic to reflect the changes. Sorry, been busy all day! +People who don’t understand crypto at all, and have fear of what they don’t know; and people who understand it way too much, and are worried by their economic interests being in danger. + +And then, there’s my granma. Oh my she’s so cool guys, ofc I love her! When I talked to her about cryptocurrencies and BTC, 2 years ago, she said: «I don’t understand how this works, but you seem so excited about this, and young generations are always right in this stuff». + +She went to her bedroom and said:«wait, I want you to do one thing» + +She returned with 100€: «I want you to go to the bank and buy some crypto». She clearly had no idea that you could do things with money outside a bank influence. Of course I took those money as cash for myself but I invested 100$ in a new wallet. + +It was 2019, I bought ADA at 0.0352. I left it there and this year I sold them at 2$. 6000$ from 100€. + +Why? My grandma is not feeling well, and could not be able to walk soon. But mentally she’s fine. I wanted to show that she was right in trusting me. + +I was so proud of myself, and after various whitdrawals from exchanges I had almost 5200€ in my account. I wanted to give 5000€ cash to grandma, as she did to me, and take 200€ for myself as “consulence”. Lol. So in the last two and a half months I took cash 500€ weekly and last sunday I went to her. She remembered those 100€ when I talked to her, and after she saw 5000€ she couldn’t believe her eyes. I lended the money to her and she only took 500€ for her and then she gave back to me 4500€: «go to the bank and buy more “crittusoddi” (=cryptocurrency in our dialect, I think she invented a new word lol), but this time don’t come back with money». This week I invested 500€ in 9 different projects: DOT, LUNA, SOL, CRO, GALA, CKB, XRD, ALGO and ONE. I left them in my “grandma wallet”, and I hope in two years from now they will increase in value and I could still show them to her, to feel like this again. + +This week I’m so happy and proud of myself, and I wanted to share this story with someone, as I only told grandma about my crypto knowledge. Sorry if I bothered you. +People who don’t understand crypto at all, and have fear of what they don’t know; and people who understand it way too much, and are worried by their economic interests being in danger. + +And then, there’s my granma. Oh my she’s so cool guys, ofc I love her! When I talked to her about cryptocurrencies and BTC, 2 years ago, she said: «I don’t understand how this works, but you seem so excited about this, and young generations are always right in this stuff». + +She went to her bedroom and said:«wait, I want you to do one thing» + +She returned with 100€: «I want you to go to the bank and buy some crypto». She clearly had no idea that you could do things with money outside a bank influence. Of course I took those money as cash for myself but I invested 100$ in a new wallet. + +It was 2019, I bought ADA at 0.0352. I left it there and this year I sold them at 2$. 6000$ from 100€. + +Why? My grandma is not feeling well, and could not be able to walk soon. But mentally she’s fine. I wanted to show that she was right in trusting me. + +I was so proud of myself, and after various whitdrawals from exchanges I had almost 5200€ in my account. I wanted to give 5000€ cash to grandma, as she did to me, and take 200€ for myself as “consulence”. Lol. So in the last two and a half months I took cash 500€ weekly and last sunday I went to her. She remembered those 100€ when I talked to her, and after she saw 5000€ she couldn’t believe her eyes. I lended the money to her and she only took 500€ for her and then she gave back to me 4500€: «go to the bank and buy more “crittusoddi” (=cryptocurrency in our dialect, I think she invented a new word lol), but this time don’t come back with money». This week I invested 500€ in 9 different projects: DOT, LUNA, SOL, CRO, GALA, CKB, XRD, ALGO and ONE. I left them in my “grandma wallet”, and I hope in two years from now they will increase in value and I could still show them to her, to feel like this again. + +This week I’m so happy and proud of myself, and I wanted to share this story with someone, as I only told grandma about my crypto knowledge. Sorry if I bothered you. + I inherited a property worth a little over 200K in New Orleans, LA with no mortgage. I receive guaranteed Sec 8 money monthly and so far I've been blessed with great tenants so I haven't had to sink money in repairs. What's the best way to pull money out of this property so I can purchase Multifamily homes? Cash out refi?? HELOC?? And should I look to buy old rehabs or buy land for new construction? I am totally new at this!!! My game plan is to pull money out of the current one, use that money to get a 4plex or 6plex (or whatever is affordable), pull money out of that one, rinse and repeat.. Sounds like a simple plan, that's why I'm sure I'm underestimating my "plan." + I inherited a property worth a little over 200K in New Orleans, LA with no mortgage. I receive guaranteed Sec 8 money monthly and so far I've been blessed with great tenants so I haven't had to sink money in repairs. What's the best way to pull money out of this property so I can purchase Multifamily homes? Cash out refi?? HELOC?? And should I look to buy old rehabs or buy land for new construction? I am totally new at this!!! My game plan is to pull money out of the current one, use that money to get a 4plex or 6plex (or whatever is affordable), pull money out of that one, rinse and repeat.. Sounds like a simple plan, that's why I'm sure I'm underestimating my "plan." +The principles and concepts of FI/RE don't change because of nationality, but access to investments and securities do change. + +&#x200B; + +For those living in Mexico, what is your alternative to investing in a Roth IRA, HSA, or another form of investment that will build at least 4% interest over time? Are there subscribers living in this sub pursuing FI/RE from Mexico, without the ability to invest in the US? +What We Do In The Shadows, Part 1 + +Regulatory Arbitrage + +Ape Mode: SHF (Shitty hedge funds) can hide their short positions and FTDs by using unconventional international lending schemes. They’ve done this extensively on other tickers in the past decade. The reason the short interest and FTDs “dropped” earlier this year is because they’re playing the same game with GME today. + +TL;DR Mode: Two of the most controversial questions since the end of January have been: “What happened to the short interest?” and “What happened to the fail-to-delivers?” There’s been a lot of good DD aimed at these questions but based on FINRA and SEC documents I think I’ve found the smoking gun. Hedge funds know all the loopholes, and it turns out that there’s a loophole they’ve abused extensively in the past that hides short interest, fail-to-delivers, and allows endless rehypothecation that wouldn’t be legal according to the SEC. The trick is to (instead of doing a conventional locate and borrow) to use something called an arranged financing program with foreign prime brokers. Everything ends up getting hidden as the transactions cross international borders and don’t get reported properly on either side of the pond. They also get to take advantage of rules in other countries that are much more favorable to them than the ones here. + +Too Long Mode: I started making forward progress after looking through the recent FINRA Notice 21-19, regarding potential changes to short interest reporting, where they have the following section: + +https://www.finra.org/rules-guidance/notices/21-19 + +> Loan Obligations Resulting From Arranged Financing: FINRA understands that members may offer arranged financing programs (sometimes called “enhanced lending” or “short arranging products”) through which a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account. FINRA is considering requiring members to report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock. + +FINRA is saying that rather than doing a conventional borrow to deliver on a short, a SHF could use an arranged financing / enhanced lending program to do the borrow, and this magically doesn’t need to be reported as a short. FINRA is saying that functionally it is a short, but through the magic of “we wrote the rules” it doesn’t get reported that way. Cool! + +I looked at GME back in January when all the shorts magically disappeared and I said “hey, maybe there’s something to this.” So I started researching enhanced lending and arranged financing and there’s unfortunately not a huge amount written about this that Google can easily find, yet a few of the things I’ve read suggest it’s not a particularly exotic subject in hedge fund circles. + +But I found this document on the SEC website which is amazing and even though it’s written about something happening to different tickers 5-10 years ago it perfectly captures what we’re seeing with GME today. + +https://www.sec.gov/comments/s7-11-15/s71115-19.pdf + +So this is a response to several questions about ETFs, and the first bit is about liquidity issues in ETFs and isn’t very exciting for us. Then it gets into chronic extreme short selling in ETFs. The author demonstrates the absurdity of the size of the short position. Certain ETFs were so heavily shorted that institutional ownership (reported periodically on SEC filings) would sometimes be as high as 700% of the outstanding shares. So the shares outstanding has been shorted at least six times over, just as evidenced by the size of the institutional position. One key difference is that we have a good idea of how heavily shorted these funds were because institutions were buying them heavily and reporting many times as many shares as should exist. With GME we have a lot of DD indicating that retail owns the float multiple times but it’s much harder for us to prove, let alone pinpoint the size of this position, as it’s not reported. + +It gets better though. So we’ve got these ETFs that are comically shorted. 700% institutional ownership should mean a 600% short interest at the bare minimum, right? 100% for the real shares and 600% for the synthetic ones. What does the FINRA short interest report show though? A fraction of that. So we have a stock with a demonstrably massive short position, but FINRA says that short interest is much lower than what we observe based on actual ownership. Remember that FINRA notice I quoted near the top? This document I found at the SEC explains how this happens. Rather than doing a conventional locate - borrow the SHF uses an enhanced lending / arranged financing program to borrow the share. This has several benefits: + +•Your short position does not get included on the FINRA short interest report. + +•The enhanced lending / arranged financing programs utilize prime brokers in the UK. Unlike the US where rehypothecation is a bad word, the UK is very laissez-faire about it. So we can wildly rehypothecate everything we can get our hands on. + +•FTDs also disappear because even if they’re happening they end up recorded off book and overseas, and not reported to American regulators. The funds being discussed in the SEC document had very low FTD rates despite having an insanely large short position with nowhere close to enough shares to cover the long positions. Sound familiar? + +The SEC document explains: + +> One of the reasons the NSCC data is not accounting for an adequate number of fails of U.S. securities is because some large short positions are book-entered with special financing conditions (sometimes referenced as enhanced lending, enhanced or arranged financing, with re- hypothecation as a transactional component). Most special financings are book-entered in offshore jurisdictions and accounted for outside of the U.S. national clearance and settlement system (DTCC/NSCC). The risks from re-hypothecation and similarly named practices have been building since the last financial crisis. These types of transactions appear to have been misunderstood by regulators, perhaps because they were misled regarding the nature and magnitude of the activity. The re-hypothecation process is well understood by sophisticated U.S. clearing firms and was developed to evade U.S. laws, rules and regulations. Arranged and enhanced financing are typically executed through divisions of the same clearing firm and entail loaning/borrowing synthetic assets/shares to/from another affiliated branch. + +So we have here a mechanism that explains two of the biggest questions about GME. Where did the short interest disappear to? Where did the FTDs disappear to? It also provide a mechanism for the sort of infinite rehypothecation that would be against the rules in US markets but sure seems to be at play in how heavily shorted GME is. + +It’s not surprising that a loophole like this exists in our regulatory structure. The rules are written in order to appear to take a strong stand against market manipulation and abuse while allowing these sorts of gimmicky backdoor tricks to persist so that nothing really changes. And it’s not surprising that hedge funds would resort to this specific loophole to hide their short position in GME, after all this is far from their first rodeo using this loophole to abuse short selling rules. Companies like Citadel brag that they make their money off arbitrage. I suppose they figure that playing fast and loose with the rules via regulatory arbitrage is the same thing. +I see a lot of posts here about FIRE and relationships. The financial implications of marriage and cost of raising children. Many here seem to be enterprising and hard working young-ish men who are either contemplating relationships or are currently in one and questioning whether they want to stay in it. + +My thoughts on this are of an over 40 person who has been happily married for over 20 years. We are both frugal and plan to retire early. Here’s what I think – in your younger years – your 20’s and 30’s being single may not seem so bad. But many of you here don’t think past the money aspect of being over 40 and older. It doesn’t really matter how much money you saved up if you end up a lonely old man with no wife and kids. The value of a marriage is not just in regular (more or less) access to sex. It’s the companionship and bond you form with another human being. And if you have kids, well, try thinking of them past the first 18-20 years. Not many things make you as happy in your older years as watching your kids become adults, having a relationship with them, watching your grandkids grow up. + +And sure, you may not be able to FIRE as soon as you would have done as a single man, but make sure you think about what you’re going to do with all that free time if you remain single and childless. And sure, marriage doesn’t always work out. But that’s a whole other topic. Family is the only thing that matters more than FIRE, so make sure you’re thinking about where and who you want to be when you’re 50 and 60 and 70 and so on. + +**Edited in response to comments** I see people thinking about their finances in their older age, but not necessarily thinking about the people who will be in their lives at that older age – i.e. spouse, kids, grandkids. It’s good that you’re saving money when you’re young, but if you’re doing that at the expense of having a family, you might be shortchanging yourself. If you’re going to make a choice to forego family, make it with eyes wide open, and having weighed all the pros and cons. Most things that make your life worth living come with a lot of work and responsibility. Family definitely falls in that category. + +**Edited some more in response to some more comments** Having family and getting married has risks and costs. Foregoing family to FIRE has different kind of risks and costs. Nothing has any guarantees in life, ever, no matter what you choose, but your chances of happy old age are statistically higher if you choose family. Both choices have risks. Your marriage can crash and burn and you could end up with looser kids. But you can also end up a rich and lonely old man who kills himself around Christmas time one year. Choose wisely, that’s all I’m saying. +&#x200B; + +**MAYBE THERE IS A REASON FOR THE LACK OF RECENT BIG TICKET ANOUNCEMENTS !!! ......ARE THEY COMING VERY SOON?** + +**Below is the an excerpt from the K8 filed by GameStop on June 9 2021 relating to the appointment of CEO Matthew Furlong. I think this may influence how some announcements will play out in the coming week.** + +"*Chief Executive Officer, effective on or about June 21, 2021*"" + +"*The Furlong Letter Agreement also provides that, on the first business day of the first calendar quarter that commences after the effective date of his employment*" + +**My interpretation of the letter above is that CEO Matthew Furlong will be granted his initial share award on July 1 2021.** **The interesting point here is the criterial for the grant as stated below.....** + + "*The Furlong Letter Agreement also provides that, on the first business day of the first calendar quarter that commences after the effective date of his employment, Mr. Furlong will be entitled to a grant of a number of restricted stock units or restricted shares of the Company’s Class A common stock determined by dividing $16,500,000 by the average closing price of the Company’s Class A common stock for the 30 trading days immediately preceding the grant date (the “Initial Equity Award”).* " + +**How I read this is, the average stock close price for the 30 days of June 21 will determine his initial grant. That being......the higher the close price, the less shares shares he will be granted.** + +example (a) $16,500,000 / $200 close price = 82,500 shares granted + +example (b) $16,500,000 / $300 close price = 55,000 shares granted + +[K8 filed June 9, 2021](https://preview.redd.it/6djdatvi37871.png?width=2528&format=png&auto=webp&s=0f3033d3b2d8ada744344e701ab900c05edbeb6b) + +**TL;DR** + +CEO Matthew Furlong initial share granting is reduced as the average closing price increases. We have heard very little in respect of company announcements since his initial arrival earlier in the month, or after his official start date of June 21. On the face of it this suggests there is likely to be a lack of appetite from Matt to make any significant announcements that may drive a price increase before June 30th. In addition, maybe making announcements mid transition to the Russell 1000 may also not be appropriate depending on the nature of the announcement. + +Taking these points into consideration I foresee we see a number of significant announcements being made from market close on Wednesday June 30, 2021 onwards. There are number of company matters that apes have speculated on and have patiently been awaiting further details, not an exhaustive list and may include.... + +* NFT launch details (Indications for July 14) +* Update on plans for proceeds from the recent 5m stock sale +* Possible increase of RC holding to 19.99% +* Potential dividend payment in / depository stock award +* Proxy voting investigation outcome or next steps +* Possible Merger or acquisition plans +* Q2 unaudited sales progress indications (previously announced 9 weeks data of Q1) + +Possible announcements or reasons for any delayed announcement theory is speculation based on my own thoughts, its not intended to be presented as fact or financial advice. Individuals should conduct their own research and make their own conclusions. Investment decisions should not made based information contained within this post. + +**THIS IS THE END GAME - FORTUNE FAVOURS THE BRAVE - THOSE DIAMOND HANDS WILL DELIVER** + +Please add comments, thoughts or corrections in the comments. +It's becoming increasingly evident that my own generation (25-40) is becoming less hospitable than those before us. Growing up in a European family, whenever we would have visitors over, culturally it was important to my parents to be as welcoming as possible, part of this being offering drinks (coffee, tea, juice, etc) and providing snacks such as cakes, biscuits, chocolates, dips, etc to be consumed as we caught up with visitors. The expense of the spreads sometimes put out would have been considerable. + +This has been followed on by my wife and I to a less expensive degree, so we always have things like coffee, soft drinks, biscuits, chocolate, chips to offer to impromptu visitors and for those planned catchups go beyond this e.g. cheese platter, cured meats, maybe a small fruit plater, a tea cake. These small measures aren't exactly expensive but go a long way to being welcoming hosts. + +While some people share these values, I've noticed as many, if not more, throw the concept of hospitability out the window. I'm talking being invited to someone's house, spending a couple hours there and not being offered so much as a glass of water. I imagine that for some it is cultural thing but for others a frugality measure. + +I understand that providing a drink and snacks to guests may cost you anywhere from $5-20 depending on the number of guests, but I wouldn't have thought forgoing this is worth the consequence of possible making your guests uncomfortable. + +Keen to promote some discussion on this as it is probably something everyone has experienced and has a view on. Has your frugality impacted your willingness to host guests? To what extent has it impacted on what you offer your guests? Those who have been on the receiving end, are you less likely to visit again in the future? +So im 19 yo, I've been interested in trading for over a year, I've learned some technical analysis and started day trading with a 100$ account 1:30 leverage this past month. I made around 5% income over that month by slowly grinding (1:2 or 1:3 and 1% risk every trade). but this few days I've had a drawdown which led me to where I started (100$). I've learned that christmas is not a good period for trading, but also I don't really feel like my strategy has great bases. I would like to know how can I get better, develop a strategy, and learn more useful things other than technical analysis, like which books do you recommend, have you done any course you think it's worth the time and money, any youtube channel or smth like that. Since lately a lot of trading gurus have appeared to make money themselves by making people buy courses or books, I do not trust the vast majority. Would really appreciate your help. +I'm not going to write an essay here about each one, but rather, consider this a one page primer on what to watch out for and how to avoid it. + +&#x200B; + +**SIM swap** + +**How it works:** Scammers use personal info to trick your phone company into transferring your number to their SIM, then use your phone + personal info to gain access to emails, crypto exchanges and more. + +**How to avoid it:** Always use an Authenticator based 2FA instead of phone, and don't link email addresses to your phone. Never reveal the phone number / email address attached to your crypto accounts. + +&#x200B; + +**Fake versions of popular apps, browser extensions and exchange websites.** + +**How it works:** You click a link that installs/visits a replica version of the real thing, which will send your passwords and personal info to scammers and/or sneak in scammer wallet addresses when you're transferring crypto. + +**How to avoid it:** Only install apps, wallets and extensions from the official website; triple check any website addresses for anything crypto related. If you use google don't click on the "ad" version of websites, as scammers sometimes pay for their scam version to show up there. + +&#x200B; + +**Clipboard Hacks** + +**How it works:** Malware takes the crypto address you copied to the clipboard and replaces it with the scammer's address, so your crypto gets sent to the scammer. + +**How to avoid it:** Triple check the address you're sending crypto to, if you find you've been compromised, a full reformat + factory reset is the only option. Change all crypto passwords, email passwords, new authenticator on separate device. + +&#x200B; + +**Gas trap** + +**How it works:** Someone posts the seed to a wallet full of ERC20 tokens; in order to take the tokens you need to transfer ETH to the wallet to pay for gas; they have a bot that takes the ETH straight away. + +**How to avoid it:** Don't trust anyone giving you free stuff. + +&#x200B; + +**Pump and Dump Groups** + +**How it works:** You join a group that claims they will pump a coin to dump on the general public for a profit, however the organisers have already filled their bags and dump on the group instead when they release the name of the coin. + +**How to avoid it:** Now you know what it looks like you can avoid it. + +&#x200B; + +**Rug Pull / Exit scam** + +**How it works:** Developers of a shitcoin spend months shilling their coin & paying influencers to shill their coin. Once the price has reached a certain point they dump their bags or drain liquidity pools taking everyone's money and the coin's value goes to zero, + +**How to avoid it:** Thoroughly research every coin you invest in, make sure the developer team are doxxed and are trustoworthy. Don't buy any coins shilled by influencers. + +&#x200B; + +**Social engineering tricks / Phishing** + +**How it works:** Scammers trick you into sending them crypto, your seed phrase, or your personal information. They might pretend to be customer service operators or high profile traders and promise you all kinds of things. They will use the medium of email, DMs, social media channels or chat groups. + +**How to avoid it:** Don't trust anyone who offers you free stuff. Don't share your seed phrase or personal info with anyone. + +&#x200B; + +**Fake exchange or DeFi websites.** + +**How it works:** A hot new DeFi project is offering 1000% APY if you deposit your coins with them. Once you transfer the coin, they take it, or you see paper gains but you'll never be able to withdraw, or you get rugged - either way you can never get your money back. + +**How to avoid it:** Thoroughly research any exchange or DeFi product before you invest with them. + +&#x200B; + +**Ponzi/Pyramid coins.** + +**How it works:** These coins promise high returns or high gains, usually they involve deflationary tokenomics or other tricks to get people interested, all the price gain however is through other investors, there's no actual product or service associated with the coin and the price will eventually collapse. + +**How to avoid it:** Thoroughly research coins before investing - check out some of the DYOR guides that have been posted here. + +&#x200B; + +**Fake coins** + +**How it works:** Scammers create a coin with a similar name or ticker code to another popular coin and you end up buying the fake coin instead of the real one. + +**How to avoid it:** Check the coin you want is offered on the exchange you're using, triple check the name of the coin your buying and the chain you're buying it on. +Over the weekend I made this post: [https://www.reddit.com/r/financialindependence/comments/ddqua0/we\_make\_150kyear\_yet\_our\_effective\_federal\_tax/](https://www.reddit.com/r/financialindependence/comments/ddqua0/we_make_150kyear_yet_our_effective_federal_tax/) + +Initially I was pleasantly surprised to find out that our Effective Federal Income Tax Rate on $150,000 of income was only 6.34%. My wife and I both max our Traditional 401(k)s and HSAs to help reduce our federal tax burden. I always assumed we paid closer to 20% in taxes (which is the assumption in my FIRE spreadsheet), so this was good news! This would means that our FIRE date would potentially move up by a couple years! + +But then a few members of this fantastic community pointed out that I shouldn't forget things like the 7.65% FICA payroll tax, our state's income tax, property tax, and even sales tax. + +This encouraged me to try and calculate the TOTAL amount of ALL taxes that we pay in a given year. Below is a breakout of each major type. + +|Tax Type|Amount|%| +|:-|:-|:-| +|Federal Income Tax|$9,504|31.5%| +|State Income Tax|$8,740|29.0%| +|City Income Tax|$0|0.0%| +|FICA Payroll Tax|$10,939|36.2%| +|Property Tax|$314|1.0%| +|Sales Tax|$650|2.2%| +|Car Tag Tax|$40|0.1%| +|**TOTAL TAXES PAID**|**$30,187**|**100.0%**| + +I was then very surprised to find out that our federal income taxes accounted for a much smaller amount of our total tax burden than I would have originally thought! + +**Our Total Effective Tax Rate ended up being 20.12%** ($30,187/$150,000). Which is actually SLIGHTLY HIGHER than my FIRE spreadsheet assumption of 20.0%! + +I figured this would be a helpful finding to share with the community because some of the "smaller" taxes we pay (like state, city, FICA, property, and sales taxes) can really add up and potentially have a big effect on our FIRE calculations. + +**EDIT:** As a few of you have pointed out, in retirement taxes should be a bit lower (No FICA payroll taxes, untaxed Roth withdrawals, and lower income taxes for dividend and long-term capital gains in taxable account. So to get an accurate tax number for your FIRE spreadsheet, you would want to account for those changes. +Can’t stress this enough and this is something I am also guilty of. Sometimes you have a solid success rate and blow past your goal and you want more. Don’t be greedy, and be smart. Never anticipate and wait for confirmation. Always take profits. + +A simple reminder for everyday traders and a top for the new ones. +Happy weekend ladies and gentlemen, apes and apettes, bots and the poor hedgie interns that are forced to keep track of what’s happening here. + +Last week I made a post regarding transparency because 4 mods have disappeared from the moderator list. This has been addressed in a mod post, but it only mentioned they are gone, not why. Further it has been said that all of these mods are free to talk about it if they wish to do so, that’s why I’d like to invite them to share their part of the story. Reason for this is that it has come up that out of those four former moderators, three have been forcefully removed, partly even banned temporarily. In case someone missed it, these are the mods that have “left” the mod team: + +u/jsmar18 + +u/Bradduck_Flyntmoore + +u/DeadDevotion + +u/Chared945 + +The current mods are of course (like last week) invited to share their input. I know they have seen my post, but no one actually commented :') + +To the people shouting FUD/shill at me for posting this: While I agree that this sub should be focused on GME, the mod team is part of this sub and I do appreciate their work. I have always defended the team when people were unreasonable with them. But in this case, I think the community deserves transparency, but all it gets is silence on this matter. Some of these former mods were here since the early beginning, and I know for a fact that none of them just left quietly without reason. + +We keep demanding transparency in the stock market, we complain about the SEC doing nothing and staying quiet. We can’t even keep up to a better standard in our own sub, we should lead by example :) + +Ideas that came up in the previous post to improve transparency: + +* Have a log of removed posts +* Have weekly feedback posts +* Find ways to let the community help easing the moderators workload + +Thanks for taking your time reading this - and remember to DRS your shares, I sent another 29 on it’s way and it feels good knowing that there are 29 more shares that kenny can’t have :> + +&#x200B; + +EDIT: So one of the former mods did comment here, be sure to check the comments for more info! + +&#x200B; + +EDIT2: Pointing out mod departures seems to be a bannable offense, I will see you all in 7 days x) + +[rip](https://preview.redd.it/avezx655yrv91.png?width=820&format=png&auto=webp&s=3232d352074dc4243e79e6300c2f079a98f0510a) + +&#x200B; +Hey apes, Moroccan shortcut lover here. ( english is my third language so gaybear with me ) + +If you want to DRS from eToro, you can sell your shares and buy them the next day in IBKR by using paypal & wise showen in this method. + +&#x200B; + +[ You can find your details are in Deposit, DIRECT ACH transfer from your bank ](https://preview.redd.it/yiu66bqp4co81.png?width=524&format=png&auto=webp&s=cf8ad33900036704b67b68245826c434a100aec9) + +&#x200B; + +if you can't follow [this](https://www.reddit.com/r/Superstonk/comments/ssgrps/how_to_buy_and_drs_from_etoro_to_ibkr_in_less/) you are probably europoor that need one more step, that is Wise (TransferWise) + +&#x200B; + +[click on \\" Your USD account details \\" ](https://preview.redd.it/o9kyz1u35co81.png?width=620&format=png&auto=webp&s=9a0334f23c90a6e0c234290ce1121aea9d867a25) + +&#x200B; + +[once you receive this confirm your wise to your paypal](https://preview.redd.it/j2mzssxi5co81.png?width=1113&format=png&auto=webp&s=9ade713440444a07d5e6a0964e0a755e8a070886) + +&#x200B; + +[voilà, linked.](https://preview.redd.it/w2y1tpsr5co81.png?width=479&format=png&auto=webp&s=7164378f939827f0a44d5a324a987d743aac0f80) + +&#x200B; + +[withdraw your money to Paypal](https://preview.redd.it/vo5wac8u5co81.png?width=1296&format=png&auto=webp&s=fd35784c0cf6e47bd3944b213bf0ef3de604c9b3) + +&#x200B; + +[once received, convert it to euros then find your IBKR as you normally do](https://preview.redd.it/yrixcyzb6co81.png?width=1090&format=png&auto=webp&s=65c43c42a45bd5a22ddcba374c24f897eead2ff7) + +&#x200B; + +[grats bro, u successfuly got out from eToro shit.](https://preview.redd.it/m6c3con28co81.png?width=1318&format=png&auto=webp&s=0ebed57886ed81bd1cb043b5891ee4c4d290b4e1) + +**ATTENTION:in eToro you have three options, you clear out the first ( Credit/Debit card ) option and the wire Transfer, you only keep PayPal to as the sole withdrawal method to skip that " as previously used for your deposit" rule** + +&#x200B; + +you either find this useful or total shit, but for someone else I'm his savior. please be kind to each other. AND DRS YO SHIT!!! + +&#x200B; + +[PPPPPPPURRRRRRRRRRRPPPPPPPPLEEEEEEE RING \( \\"broke\\" 20yo college kid gave it all \) + 3 soon + 1 giveashare lol](https://preview.redd.it/bh1hbbtj7co81.png?width=1258&format=png&auto=webp&s=12a34bbdaaf58413dc691f013021dbceccf3ee76) + +&#x200B; + +[that's how you do it](https://preview.redd.it/wd8olawr7co81.png?width=680&format=png&auto=webp&s=bdb78d43e4b5c022cef65e21c6a9859ed9268ae8) + +Not a financial advice obviously. +[Link to the result (online Google Spreadsheet)](https://docs.google.com/spreadsheets/d/1ILhMfxUr7KvmwwYHfn4HZ9YibHfYdPSPJ9RgcwV-Vyc/edit?usp=sharing) + +So yesterday, I asked this sub [how you felt about your job](https://redd.it/8xaiig). How much happiness do you sacrifice by working, and do you feel like your current salary justifies that? + +I'll be honest, I didn't expect to get >100 responses but I have really enjoyed reading each and every one of them. + +Some of you [have it pretty good](https://www.reddit.com/r/financialindependence/comments/8xaiig/how_much_of_your_happiness_do_you_sacrifice_by/e2203i5/), while others [suffer quite a bit because of their job]( +https://www.reddit.com/r/financialindependence/comments/8xaiig/how_much_of_your_happiness_do_you_sacrifice_by/e22tow6) (this one made me laugh, actually. I'm super sorry!) + +All these responses inspired me to just go ahead and put it in a spreadsheet, which I now want to share with you again. I guess this is my way of giving back, as reading your answers really was fun and inspiring. If you commented on this post, then your answer should be somewhere in that spreadsheet. If not, then I'm sorry, I must have missed it. :( + +I think the graph itself is not that interesting, and there is probably a lot wrong with it (from a data perspective). All the data points are basically my own interpretation of your replies, some of which were detailed but more often than not less-detailed ;-) [Comments like these were pretty easy to chart](https://www.reddit.com/r/financialindependence/comments/8xaiig/how_much_of_your_happiness_do_you_sacrifice_by/e22nju4/). You can see everything I did in the spreadsheet I linked to. I hope you don't hate me for it. + +Also, I've changed the axes around, as mentioned by someone else. Your happiness sacrifice influences salary, not the other way around. + +I like how most of you simply tolerate your jobs (about half of the replies). You don't love it, but the money is good and it provides a means to an end. + +This analysis also makes me appreciate my job more. Hell, I may still be in the honeymoon phase. + +By the way, please don't take this too serious. I just wanted to see how the r/fire crowd feels about their jobs, and had a little fun with your reactions. I might have gone a little too far, I don't know lol. + +Let me know if you have any questions! :) + +So this is the first time I've heard of something like this and need know if it's something that can legitimately happen. + +My wife started a new job a little over a month ago to make some money on the side. After doing the training and starting this job she found out she wasn't going to be a good fit and ended up leaving the job after a week with them + +Fast forward to today and we receive a bill for $750 from this company for "damages" and her paycheck of $450 was subsidized out of it. + +Now, when she started we knew that the training was $250 and would be removed from her pay sold she leave before working for 90 days first. + +Can they charge us for anything else like this? + +EDIT: The job wasn't a pyramid scheme. It was an entry level position working with autistic children for ABA therapy. It does seem scammy to me and I'm worried about what to do if we were to not pay this bill. Going to look through all the paperwork better to see if there's anything in there saying we have to lay anything to them. + +EDIT 2: We found her onboarding paperwork and it does have a clause stating that she will have to pay the additional amount for not giving enough notice of her resignation. She called an asked for an itemized statement since the current bill only says "liquidated damages." I think we might be stuck paying for this, but we're going to at least make sure we have proof of exactly what we're paying for. +The coronavirus is guaranteed to throw the world into recession, but economists are becoming less convinced about the potential for a strong snapback in growth. + +The base case for forecasters is that a recovery, perhaps even a vigorous one, gets under way in the second half of 2020. But as the pandemic spreads through Europe and the Americas, and the wide range of knock-on effects comes into clearer view, caveats to that call are piling up. + +relates to Economists Are Losing Hope in a ‘V-Shaped’ Post-Virus Recovery Underlying all of them is the simple fact that economic outcomes hinge on something that’s beyond the professional competence of most economists to forecast: the trajectory of the disease itself. + +“We have no certainty the virus will be gone by the end of the second quarter,” said Nobel prizewinner Joseph Stiglitz, a professor at Columbia University in New York. If it “lasts through the summer, then all the effects will be amplified.” + +Read More: Economists See U.S. Facing Worst-Ever Quarterly Contraction + +Beyond that, there is an array of questions for economists to grapple with -- and those doubts increasingly undermine projections for what’s known as a “V-shaped recovery,” in which lost output is quickly restored. + +Rather than sounding a decisive “all clear,” health authorities seem likely to advocate a gradual return to normal working life, so the behavior known as “social distancing” may stick around. + +Along with financial blows sustained during the downturn, that is likely to damp spending on travel or spending at shops or restaurants -- assuming those businesses can stay afloat in the first place. + +“It takes more time to get ‘back to play’ than to ‘get back to work’,” said Catherine Mann, chief economist at Citigroup Inc. This “underpins concerns for the trajectory for services-dependent advanced economies in the second half of 2020,” she said. + +Global Easing in 2020 Central banks across the world have cut interest rates this year + +Source: Bloomberg + +Note: Map shows rate decisions since the start of the year + +Consumer caution is already evident in China, even though authorities say it’s safe to go back into the marketplace, and it could happen elsewhere. + +That’s why Mark Zandi, chief economist at Moody’s Analytics, likens his forecast to a “Nike swoosh” rather than a V- or U-shaped rebound. He says U.S. output alone could plunge at an annualized pace of as much as 25% in the second quarter, bounce back by up to 15% in the third, then stall in the fourth with the economy “basically limping along.” + +Much will depend on how fast businesses bring back jobs. The International Labor Organization warns 25 million positions may be shed, and Goldman Sachs Group Inc. said on Tuesday it expected U.S. unemployment to soar to 15%. + +Mckinsey & Co. notes one quarter of U.S. households already live from paycheck to paycheck, and that 40% of Americans are unable to cover an unexpected expense of $400 without borrowing. + +Stiglitz worries about what he calls “financial gridlock” in which households and companies can’t pay bills, forcing those they owe to into bankruptcy and default as well and so on. + +That threat could be heightened by the scale of borrowing in recent years. The Institute of International Finance estimates household debt -- as a share of output -- is at record levels in several economies. + +Who’s Borrowing? In many countries, households didn’t delever after the financial crisis + +Source: Bank for International Settlements + +Corporate borrowing has also hit a high in countries including France and the U.S. Those debts along with the collapse in earnings and slide in equities may limit the ability of companies to reboot after the crisis, with some also likely to be hurt by the collapse in oil prices. + +“In any recovery, firms may need to sell shares or slash capex to reduce debt or repay government assistance,” said Charles Dumas of TS Lombard. + +Keen to avoid an extended recession, policy makers have been taking emergency measures on a scale that likely exceeds even the response to the 2008 financial crisis. They’re extending credit lifelines to business, paying cash to households, and helping companies cover their wage bills so they don’t have to fire workers. Central banks have slashed interest rates and started new asset-purchase programs. + +Read more: Understanding Recessions as World Heads Into One: QuickTake + +The strongest argument for a rapid recovery is what economists call “pent-up demand” -- a label that applies quite literally in the current crisis. + +Economies shuddered to a halt when people were forced to hunker down at home, so there should be a corresponding upswing when they’re allowed out again -- especially with governments everywhere injecting cash to speed the process. + +“Assuming the outbreak peaks by April/May, this will likely set the stage for a recovery in the second half of 2020,” said Chetan Ahya, chief economist at Morgan Stanley. + +He predicts the global economy will contract 2.3% on an annualized basis in the first half of the year before growing 1.5% in the second half. Even that scenario means the U.S. and euro area won’t regain their pre-crisis levels of output until the third quarter of 2021. + +Bond-Purchasing Programs The coronavirus pandemic has driven more central banks to buy bonds + +Source: Bloomberg + +At JPMorgan Chase & Co., economists led by Bruce Kasman are citing emerging markets as another source of concern. They’re being pinched by gains in the dollar and the outflow of foreign-held capital, pushing up local borrowing costs. + +The most encouraging virus news for economists at the moment comes from Asia, which suffered the first outbreaks but appears to have gotten them under a degree of control. + +China is cranking back into action, with numbers released on Tuesday showing manufacturing activity rebounded strongly in March. + +Demand in the domestic market is reviving, as lockdowns ease and consumers return to the shops or showrooms. Auto sales, for example, have been ticking higher for weeks, though they’re still down some 40% from last year’s level. + +What Bloomberg’s Economists Say... “If outbreaks in other countries follow the same trajectory, the world economy could be up and running again by the start of the second half. But that’s far from guaranteed. Past pandemics lasted years, not months. Scientists at Imperial College London are warning containment measures may have to stay in place for 18 months.” + +-- Tom Orlik, chief economist. See {BECO <GO>} + +International orders, though, may take longer to recover. Because other economies got hit later by the virus, they’re seeing a slump in demand for imports just as China’s export engine is revving up again. That feedback loop may undermine other recoveries too. + +And in China, as in other countries, economics will continue to depend on epidemiology for some time to come. Even as overall progress is made toward containing the coronavirus and developing a vaccine, there’s no guarantee that the movement will be in one direction. + +Instead there could be “aftershocks following the initial outbreak, with restrictions being re-imposed and lifted so as to manage the capacity of the healthcare system to cope,” said Keith Wade, chief economist at Schroder Investment Management. “In economic terms, this would lead to a double-dip recession.” + +History also suggests reason to worry. A just-published study of pandemics and armed conflicts found such shocks typically weigh on wages and investment for years to come. + +https://www.bloomberg.com/news/articles/2020-03-31/a-quick-rebound-from-virus-economists-have-reason-to-doubt-it?srnd=premium-asia +They are not designed so that one makes goods decisions. The are designed so one clicks on links and adds. In most cases you are better off reading nothing but financial statements and sector/industry news. + +This is especially true if your looking at mid to long term plays. Statistically speaking most news is just noise (no predictable impact on price) and most experts do not consistently get it right. + +Even when content is written with the investors best interest in mind, the author is still victim biases that are defaults in how we think. + +&#x200B; + +EDIT: Since this posts has some traction I'd like to encourage anyone who is interested to read up on heuristics and heuristics in investing. The psychology of investing is grossly undervalued and much of the best research is used by marketers and product designers to ensure that we act in their best interest and not our own. + +I'd also like to add that while Motley Fool is low hanging fruit, they are far from the only offender. +I plan to invest in Hawaii since I live here. While the market here is expensive, it is strong and stable, only taking about a 20% hit during the financial crisis a few years back and bounced back quickly. Also the invested money is with 3 groups who manage it. I looked through the last 3 years and while they have had OK returns, over the last few months I've taken $100K out and invested it on my own making much more returns percentage wise. Should I take more control of the investments? I've been relatively poor my entire life so I'm grateful for the money but it has come with lots of stress since I don't want to squander it. I don't plan on moving out of my one bedroom I rent anytime soon since I like it here. Do plan on getting a new car though since my current one is 10 years old. Nothing too fancy. I don't want friends finding out about my money so I can't ask them for advice. +Speaking as a guy who ER'd in 2005 and who got through the housing bubble, anxiety is totally natural and OK. I imagine you've heard what I'm about to say, but hopefully it'll encourage you to hear that these coping mechanisms aren't just theoretical, but are actually effective. They're working for me right this very second. + +**STOP ENDLESSLY BROWSING REDDIT AND OTHER FORMS OF ANONYMOUS SOCIAL MEDIA.** This is huge. For human interaction switch largely over to what let's call intentional conversation. Communicate with friends and family and acquaintances directly by phone or IM or whatever best suits you instead of getting lost in a crowd of strangers. Target your support. This brings out the best in people. + +**Stick to hard news and stay away from sensationalized coverage.** Despite what I just said about Reddit, /r/covid19 is a great central source for hard science. The science is encouraging, and it's great to see how the global scientific community is coming together. + +**Find stories about everyday heroes, like the teacher who's right now leading my daughter's virtual classroom.** In 2009 we were all uplifted when Captain Sully safely landed that American Airlines flight in the Hudson River. Stories like that were what we needed to hear. Honest to God, I'm pretty much worshiping the linoleum my pharmacist walks on. + +**Futurology doesn't have to be negative.** Like: the distributed manufacturing systems springing up are gonna be huge in the post-COVID-19 world. I seriously wish I owned a 3D printer right now. This event could also blow a lot of bullshit out of our healthcare and college systems. Etc., etc. + +**Keep exercising.** No need to belabor this. Yoga and burpees if nothing else. + +**Establish a routine.** Old convicts frequently tell new ones how important it is to structure their day instead of sitting around playing cards and doing constructive things only when they feel like it. This is good advice for anybody. Keeps one busy instead of sitting around mooning about stuff or smoking weed all day or spanking the monkey fourteen times an hour. It takes some self-discipline, but it's totally worth it. Incorporate an educational component. "I like birds, so today I'm gonna replace a half-hour of Netflix with a half-hour ornithology lecture." + +**Remember that as a FIREee or an aspiring one, you're already ahead of the game because you have some money put by.** Our community's gonna hear a lot of "Guess you're not as smart as you thought you were, eh?" Whatever. We were at least smart enough to make money and keep it and put it to work for us. A direct reason I was able to FIRE is that my grandparents survived the Great Depression and passed what they learned to my parents and to me. This is a hell of an opportunity for us to be ambassadors for sound personal financial management. + +**Figure out ways to spend locally.** There are gonna be a lot of cottage industries springing up. My wife and I have more or less pledged to each other that if it should work out that we get stimulus checks, we're gonna spend them on our friends who are trying to earn money. Like: my friend forages for wild mushrooms and such for selling to restaurants. That market has dried up. We just started buying watercress from him. Everybody wins. + +**Check out live-streaming performances.** Did you catch the Dropkick Murphys live show last week? I was like, damn, this is exactly the breath of encouragement and normalcy I needed. /r/festivals is doing some great work curating this stuff. My wife's over here watching a video Steve Martin just posted. He's out in the woods somewhere playing the banjo. It's awesome. + +I guess that's it for the moment. Last thing I'll say is that while I don't know you personally, I care about you and I want you to feel healthy and happy. Stay strong and be well. + +Edit: typos and shit. + +Edit edit: I note with some amusement that people aren't finding the notion of spanking the monkey fourteen times an hour to be implausible enough to comment on. Maybe that's just a Reddit thing. Hmm. +[Reposting because a bot deleted my first attempt] + +This is a much-needed correction + +This is a long-term investment + +It's still up 500% from [*date that precedes buy date for 95% of subreddit*] + +The whole market is in the red not just [*coin of choice*] + +Whales are keeping the price down + +It's not about a quick profit, it's about the technology + +Just shaking off the weak hands + +You haven't lost money until you sell + +You've only lost time, not money. + +[*coin of choice*] is on sale again! + +Another [XX]% discount! + +Just bought more! + +Take a month off from watching the market + +[*current month*] is always the worst for crypto + +*something something* Chinese New Year + +*something something* Korean exchanges + +*something something* India + +*something something* Asian market waking up +I am interested in doing iron condors for SPY. the Profit/Loss ratio seems pretty good to me. I am thinking of picking strike prices around 2% in any direction. Yes SPY has been pretty volatile lately but more often than not, SPY trades in fairly predictable manners. What do you guys think? What kind of strike prices do you guys choose? Also, I am fairly new to spreads in general so please be a little patient with me but I am willing to learn new things! +I've had a really nice run in the last three weeks, and would like to share it. + +Disclaimer: I don't expect this pace to keep up and I won't be trying to match the performance, I know any one of these trades could have gone bad on me and wiped me out. I only made them because they are stocks I follow closely and I believed I had identified their recent ranges and patterns. I am not going to attempt to duplicate these results, I am just taking what the market gives me and the last few weeks it has given some great opportunities. + +Backstory in the comments if anyone is interested. Starting with $11,145 on 4/30, here are the plays I have made: + +4/30: 100x AMD 5/8 48/49p;59/60c iron condor, credit 17.1, closed 5/7 for 56% max profit, $963 P/L, 11.6% RoC. Whole account was on the line here. + +5/7: Got really gutsy and sold an IC on Roku before earnings with their +200% IV. 25x 5/8 110/115p;160/165c, net credit 85 per, total collateral 10,375. Closed next morning at 77% max profit, 1,632 P/L, 15.7% RoC. + +5/8: 25x TSLA IC, 5/8 775/780p;835/840c, net credit 61, 10,975 collateral. Closed EoD for 4, 89% max profit, $1,357 P/L, 12.4% RoC + +5/11: 10x DKNG PCS, 5/15 22.5/17.5p, net credit 70, collateral 4,300. Didn't put my whole account on the line here because I was treating this like a CSP, my plan was if it actually broke my short leg then I would sell the long leg for a profit and take assignment. Closed 5/14 for 61% max profit, 424 P/L, 9.9% RoC. + +5/14: 75x AMD PCS, 5/15 48/49p, 8 net credit ; 25x NVDA PCS, 5/15 302.5/300p, 42 net credit. Both sold at the Thursday morning dip, both expired worthless today, 559 and 966 P/L, 8.1% and 18.6% RoC, respectively. + +5/14 20x SPCE PCS, 15.5/15p, 10 net credit. Expired worthless but I was selling this as a CSP, I just had to add a long leg because I still had collateral tied up in the AMD and NVDA spreads. Was prepared to get assigned at EoD today but didn't happen. + +Total profit since 4/30 (including commissions and fees from TW): $6,077, 54.5%. + +So a big thanks to everyone on this thread for all of the advice and informative posts that put me in position to capitalize on these opportunities. +[https://clients3.weblink.com.au/pdf/88E/02360459.pdf](https://clients3.weblink.com.au/pdf/88E/02360459.pdf) + +88 Energy Ltd just released an update to their current operation + +Highlights: + +• Initial petrophysical interpretation indicates several potential pay zones in Merlin-1 + +• New prospective horizon identified at Project Peregrine + +• Operational issues prevent hydrocarbon samples from two most prospective zones + +# Good news: + +It is pretty clear that the first results are good. This is how David Wall responded to it: + +https://preview.redd.it/j0k8eeybtfr61.png?width=838&format=png&auto=webp&s=a956b08cdaf4739212d6d655a7e60f327b2011eb + +# Bad news: + +Short term gains are out of the picture. There, I said it. The only real bad news is of course the operational issues that occured. We don't know what's left down there. Only 1 of the three prospects has been analysed but the other 2 were the most promising ones. Right now they will not be able to continue the operation since the temperature is rising and drilling in Alaska can only be done in the winter. + +# 88 Energy's future and (small) catalyst coming: + +This news is bad for those who were in for the short term. If you were holding this stock for 1+ year anyway, this doesn't seem to be bad news at all. It is painful for me too, as i was planning on selling relatively quickly too. Right now, it's important for all shareholders to re-evaluate their exit strategies. There is hardly any doubt that we have a pretty red day ahead. Only time will tell how red it will be. I'm also curious to see what the media will say about this. + +There is just 1 small catalyst incoming though: + +https://preview.redd.it/xo80ouwgvfr61.png?width=841&format=png&auto=webp&s=223d2e0c05962f78c3c4880dc31057499338cf0e + +Hopefully we will get the results pretty soon, as I believe (correct me if i'm wrong) testing oil quality is not the most complex process. The quality of the oil will be quite important for the profitability of the well. + +# Conclusion: + +* Bad news for short term holders +* (Moderately) good news for long term holders +* Oil quality testing -> possible catalyst coming soon. +I'm 17 years old and I'm about 0.4% FI. (That's something like $12k out of $3m.) What I'm interested in is how that figure accelerates over time. Obviously, the growth won't be linear (0.4% to 0.8% shouldn't take me as long as 0% to 0.4% did), but I'd love to know how fast exactly things are going to pick up. + +In you guys' experience, how fast did your FI percentage move? For example, how much time did 1% to 10% take compared to 10% to 20%? I'd love to hear all about it so I can have an idea of what to expect. I also do understand that this varies depending on expenditure, income, promotions and investments, but I'd like to get a feel of how things move for the average FIREr. +I’ve seen a lot of 🚀 🚀 🚀 DD that speaks to all of the wonderful things a company is doing without a bit of potential risk analysis. If they aren’t factoring in risk they aren’t doing DD and they certainly are not acting in your best interest! Most of the time they just want others to jump in after they did to help pump the share price. If they do not include a risk assessment it is incumbent on you to do your own, lest you get surprised by a potential offering and lose a ton of money! + +It’s in the very definition “due diligence.” If they aren’t taking into account potential risks then by the very definition itself they are not “diligent.” Call it a catalyst, call it news, call it possible price action, call it an attempt to pump a security, but don’t call it DD! + +——————————————————— + +Potential risk factors [THAT YOU MUST KNOW](https://www.tradinganalysisresources.com/2020/05/risk-reward-analysis-on-micro-low-cap.html?m=1) include but are not limited to the following: + +-How Long can they Operate until they Need to Raise Money? + +-Are there Outstanding Warrants? + +-When MUST they be Back in NASDAQ Compliance? + +-Are Institutions Increasing or Decreasing their Investment? + +-Are Insiders Buying or Selling? Are they doing anything? + +-Is my Stock Actively Being Shorted? + +-When was their Last "Mixed Shelf" Extension? + +-What is the Penny Flipping Day Trader Footprint? + +-How Much Liquidity/Volume? + +-At Risk for Bankruptcy? + +-READ THE RISK SECTION OF THEIR LAST 10-K &amp; 10-Q!!!!!!!! + +Other risk factors include if they have less than 3 products, is their business model viable and feasible, is management competent, Is management meeting their deadlines and responsibilities, and do they have future profit potential? + +——————————————————— + +Penny Stock Analysis and Considerations: + +DD is more than simply posting all the goodies that will lead to likely price action. There are some serious critical questions you need to ask yourself and plenty of critical thought that you should undergo in your DD. + +As a guide you may want to consider the following in your DD analysis: + +-Bottom Line Up Front (BLUF): Sometimes described as a (WIIFM "Whats in it for Me) this is what you expect to happen based on the following analysis. This should be completed last. + +-Background Information: Include the most recent background information and price action as a result if it has bearing on future price action or the lack thereof. + +-Analysis: What you expect to happen based on your combined knowledge of all factors involved. + +-Possible Catalyst: What may drive the increase in price action in the future? + +-Possible Acquisition/Buyout/Merger Target? Are they looking for a Partner?: Self Explanatory + +-Possible Risks: What may drive the decrease in price action in the future? + +-Assets, Trials, Pipelines: What do they have or what are they working on? + +-Trial/Research Results: Are their trial results? How did they preform? + +-Profit Potential: What is their potential for profit upon marketing? + +-Patents: Are their any patents? Patents pending? In what Countries? + +-Investment Strategy: How are you going to approach this investment? + +-Resistance Levels and Support: What are the levels or resistance or support? + +-Analyst Price Targets: Taken with a grain of salt. Most analyst price targets on penny stocks are useless. + +-Institutional Ownership: Are institutions buying or selling? Who are they? What do you know about them? + +-Insider Trades: Are insiders buying? Selling? +Short Volume/Short Interest/Naked Short Volume/Short Shares Available: What is the short situation? + +-Important Dates: What's coming up for the company? Include events that you know are coming but do not know the date. Estimate the date if feasible. + +-Last Mixed Shelf Extension: When did they last file for a mixed shelf or mixed shelf extension? Hint: NLT three years from the last one. + +-Criticisms and Questions: What are your criticisms and questions? Only those who know the company really well can answer this. What are your critical questions, information gaps, and questions of the company? Why or why not trust the leadership? Does the leadership have a significant stake in the company? Do they keep the shareholders informed and how often? Do they regularly release PR and how often? Are they progressing quickly or dragging their feet? Are they asking for an executive pay increase? Do they deserve a pay increase? Do the executives that work there do this as their primary job? Is this a secondary income for them? + +-Information Gaps: You've covered your known known's, now cover your known unknown's. + +-Public Relations Footprint: How often do they release PR? + +-Worst Case Scenario: If the worst happens what will it look like? What will be the early indicators? Include time frames. + +-Best Case Scenario: If the best happens what will it look like? What are the early indicators? Include time frames. + +-Most Likely Scenario: What's most likely to happen? Include time frames. + +-Other Analysis: What are your other observations? + +For more details on how to do this please see [HERE](https://www.tradinganalysisresources.com/2020/05/risk-reward-analysis-on-micro-low-cap.html?m=1) + +For an example of how I post DD see [HERE](https://www.reddit.com/r/pennystocks/comments/gbn3tg/diffusion_pharmaceuticals_due_diligence_and/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) + +——————————————————- + +Remember you work hard for your money! Other people work hard for their money! Folks have families. Don’t post junk DD bait for new guys to lose money on. Better yet! If you don’t list the possible risks don’t call it DD! Because without factoring in risk it isn’t DD. + +Note: People will be more inclined to believe your analysis of you tell them what the risk is!!! Without the risk assessment your analysis has zero credibility. Oh it may skyrocket! You may profit. But without the risk assessment you’re pumping, not informing. + +Now time for the obligatory rocket ships to lend credibility to these words! 🚀 🚀 🚀 🚀 🚀 🚀 + + +Looking for some financial advice. 33 year old male. I work full time and make around £1900-£2100 a month. i rent a flat that i live by myself in. I have an overdraft of £2000 that I basically live in. Rarely getting out it, and when I do it’s only for a matter of days. I would now like to get out that overdraft but not sure the best plan of action. Am I best taking a loan out and paying it back monthly? What other options are there. Im generally pretty clueless when it comes to thi stuff. Many thanks in advance for any tips or feedback. Cheers +Hello Everyone! + + +B\_T here with a quick mod team update. + + +https://preview.redd.it/9gjlw9z5vq681.png?width=2053&format=png&auto=webp&s=7efd2572c3a0e27eba6bce7d28871fa037f48581 + +As of today, we have two new mods joining our team! These two have shown significant dedication to the sub and the apes, and they fit super well with our team. I speak for the whole mod team when I say that it will be a huge pleasure working with them. So without further adieu... + + +# 🚀Give a warm, ape-ish welcome to u/Cheelout19 and u/Hipz 🚀 +Title says it. According to Citi, one of their traders caused a transaction error which they discovered soon after. It caused Scandinavian indices to plummet as much as 8% in a matter of minutes. Such errors are called fat-finger errors; a typo. Flash crashes like these make me wonder how much money banks trade with on a daily basis. + +Source: https://www.theguardian.com/business/2022/may/03/citigroup-trader-error-flash-crash-markets-falls +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +Many of you are aware that there is one thing that jacks my tits in a very special way, and that is low volume. Can you believe that there was less than 1m shares traded yesterday? Or that it happened on a day when RRP hit $1T again? I've said it plenty of times before, but I'll say it again: things feel like they are converging, and there has never been a better time to HODL with Diamantenhände. Apes own the float several times over, and the shorts have *not* closed. Things feel like they are heading toward a convergence, and when we get there, you will be glad that you bought and held now. + +Today is Thursday, August 12th, and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$157.61 / 134,50 €** *(volume: 969)* +- 🟩 115 minutes in: $158.23 / 135,03 € *(volume: 946)* +- 🟩 110 minutes in: $158.02 / 134,85 € *(volume: 946)* +- 🟥 105 minutes in: $157.99 / 134,82 € *(volume: 942)* +- 🟩 100 minutes in: $158.21 / 135,01 € *(volume: 865)* +- 🟩 95 minutes in: $157.99 / 134,82 € *(volume: 782)* +- 🟥 90 minutes in: $157.64 / 134,53 € *(volume: 764)* +- 🟩 85 minutes in: $157.80 / 134,66 € *(volume: 748)* +- 🟥 80 minutes in: $156.24 / 133,32 € *(volume: 635)* +- 🟥 75 minutes in: $157.36 / 134,29 € *(volume: 231)* +- 🟩 70 minutes in: $157.76 / 134,62 € *(volume: 219)* +- 🟥 65 minutes in: $157.39 / 134,31 € *(volume: 206)* +- ⬜ 60 minutes in: $158.36 / 135,14 € *(volume: 190)* +- 🟩 55 minutes in: $158.36 / 135,14 € *(volume: 169)* +- 🟥 50 minutes in: $158.33 / 135,11 € *(volume: 165)* +- 🟩 45 minutes in: $158.35 / 135,12 € *(volume: 141)* +- 🟥 40 minutes in: $158.27 / 135,06 € *(volume: 141)* +- 🟥 35 minutes in: $158.32 / 135,10 € *(volume: 132)* +- ⬜ 30 minutes in: $158.33 / 135,11 € *(volume: 128)* +- 🟥 25 minutes in: $158.33 / 135,11 € *(volume: 121)* +- ⬜ 20 minutes in: $158.35 / 135,12 € *(volume: 110)* +- 🟥 15 minutes in: $158.35 / 135,12 € *(volume: 71)* +- 🟥 10 minutes in: $158.37 / 135,15 € *(volume: 60)* +- 🟩 5 minutes in: $158.40 / 135,18 € *(volume: 56)* +- 🟥 0 minutes in: $158.23 / 135,02 € *(volume: 32)* +- 🟥 US close price: $158.78 / 135,50 € *($158.88 / 135,58 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.17184525. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hello options people. With all the new blood in the options community, I thought it was worthwhile to update my Options guide and re-post it. It has significantly more content than last time. This should be really useful for newer traders, I hope it helps. + +&#x200B; + +I spent a huge amount of time learning about options and tried to distill my knowledge down into a helpful guide. This should especially be useful for newbies and growing options traders. + +While I feel I’m a successful trader, I'm not a guru and my advice is not gospel. This will hopefully be a good starting point, teach you a lot, improve on your existing skills (if you already know the basics), and make you a better trader. I plan to keep typing up more info from my notebook, expanding this guide, and posting it every couple months. + +Any feedback or addition requests are appreciated + +*Per requests, I added details of good and bad trades I made. Some painful lessons learned are now included. I also tried to organize this better as it got longer.* + +This guide has gotten so big it is too long for one reddit post, so now it’s two parts. I’ll cross-link each post so you can easily jump between. + +Part 1 - Beginner, training, links, and concepts focused. + +Part 2 - Advanced beginner, Intermediate, and Advanced strategies. + +# Here's what I tell options beginners: + +I would strongly recommend buying a beginner's options book and read it cover to cover. That helped me a lot. + +I like this beginner book:[ https://www.amazon.com/dp/B00GWSXX8U/ref=cm\_sw\_r\_cp\_apa\_OxNDFb2GK9YW7](https://www.amazon.com/dp/B00GWSXX8U/ref=cm_sw_r_cp_apa_OxNDFb2GK9YW7) + +## Helpful websites: + +* Tasty Trade (TT), E-Trade, and Ally Invest have helpful articles and videos. +* Tasty Trade: + * [https://www.tastytrade.com/tt](https://www.tastytrade.com/tt) + * [https://www.youtube.com/c/tastytrade1/featured](https://www.youtube.com/c/tastytrade1/featured) +* Ally Invest training: + * What is options trading? [ https://www.ally.com/do-it-right/investing/trading-options-for-beginners/?CP=EM2012111](https://www.ally.com/do-it-right/investing/trading-options-for-beginners/?CP=EM2012111) + * Top 10 options mistakes:[ https://www.ally.com/do-it-right/investing/top-10-option-trading-mistakes/?CP=EM2012111](https://www.ally.com/do-it-right/investing/top-10-option-trading-mistakes/?CP=EM2012111) +* E-Trade has many free webinars open to anyone. +“On Demand” lists prior recordings. “Upcoming” lists live webcasts you can watch and ask questions in, even if you aren’t a customer. +[https://us.etrade.com/knowledge/events](https://us.etrade.com/knowledge/events) +* 3 common option mistakes:[ https://us.etrade.com/knowledge/library/options/common-mistakes-options-traders-make](https://us.etrade.com/knowledge/library/options/common-mistakes-options-traders-make) +* Common options strategies:[ https://www.optionsbro.com/basic-options-strategies/](https://www.optionsbro.com/basic-options-strategies/) +* Investopedia has tons of great investing info for stocks and options:[ https://www.investopedia.com/](https://www.investopedia.com/) +* Kamikaze Cash Theta Gang Videos:[ https://youtube.com/playlist?list=PLOweupE79XXiBaeH\_xBpkUcYUsrAaKQen](https://youtube.com/playlist?list=PLOweupE79XXiBaeH_xBpkUcYUsrAaKQen) +* 20 rules of professional traders: [https://www.investopedia.com/articles/active-trading/022715/20-rules-followed-professional-traders.asp](https://www.investopedia.com/articles/active-trading/022715/20-rules-followed-professional-traders.asp) + +## Don't trade until you understand: + +* You can lose your entire contract value when buying. +* You can lose a lot of money when selling "naked", theoretically unlimited. +* How option expiration works. +* Theta (decay) and how it works. This is imperative since it's attrition when buying and a payout when selling. [ https://www.optionseducation.org/advancedconcepts/theta](https://www.optionseducation.org/advancedconcepts/theta) +* DTE: Days till expiration/expiry +* Understand delta in general and how delta changes with ITM and OTM options. +* Understand all the Greeks at a high level, as you get better understand them well. The Greeks: [https://www.optionsplaybook.com/options-introduction/option-greeks/](https://www.optionsplaybook.com/options-introduction/option-greeks/) +* Options positions with respect to price: + * ITM: In the money; strike is below stock value. + * ATM: At the money; strike is just at or above the stock value, often very highly traded. Can be very effective with moderate - long term expiry. If the stock moves favorably, an ATM option’s delta will rapidly increase. + * NTM: Near the money; strike is above the stock value, but fairly close. Slightly unofficial term. + * OTM: Out of the money; price is at least a few strikes from the current stock price. I would say 10-30% over stock price. + * Very OTM: Not a real definition, this is essentially a lottery ticket. Cheap, but almost certain to expire worthless unless there is explosive movement. +* IV, IV crush, and how IV affects pricing. In general, you want to sell when IV is high and buy when the IV is low. Increasing IV is good for held calls/puts. IV drop or crush is generally good for sellers. +* Selling options can be quite beneficial. Once you have a good general understanding, lookup r/thetagang . Kamikaze Cash has good YouTube videos on most theta strategies (linked above). I personally believe selling options (especially cash secured) is much safer and can consistently make you profits. Θ Gang 4 life. +* FOMO and how to avoid chasing a dangerous trend. DO NOT CHASE FROM FOMO! +* What intrinsic and extrinsic value are. Know how they are affected by being exercised/assigned and how theta affects them. +* Understand that some WSB recommendations are straight up high-risk gambling and factor in that information accordingly. Be careful with Meme stocks and the survivor-ship bias on YOLO plays. However, I love the sub and think it’s hilarious. It has a lot of valuable information / DD if you are comfortable with the “colorful” language. It’s also great if you like rocket ship emojis. + +## Basics / Mechanics + +* Understand the 4 "main" option types. Buying or selling a call and buying or selling a put. Spreads and more complex multi-legged option strategies are based off these in some way (see below) +* You can sell calls with 100 shares of stock or if you own an underlying longer term option; see LEAPS and PMCCs later. Selling calls naked is incredibly risky and often requires Level 4 (very advanced) permissions and usually a lot of capital. I will literally never sell calls naked since I don't want to ruin my life and end up living in a dumpster eating saltine crackers. +* Puts can be sold/written cash covered (cash secured), which means you have the cash in your account to buy 100 shares. Your broker will put this money on hold until the trade is closed. Puts can be sold "naked" using Margin and Level 3 (with most brokers). Your broker will hold a percentage of cost of 100 shares (often 30-40%, 100% on meme stocks) allowing you to sell more puts. This increases your available capital/power as well as increasing risk. + +# General Tips and Ideas: + +* Don't EVER leave (short) spreads open on expiration day, close them. (more details below) +* Start off trading very small. Slowly build up over weeks / months. You need to get accustomed to a fifty dollar swing a day, then a few hundred, then a few thousand. You need to ensure you don't get emotional (see below). I started trading options with 5k, then 25k, 50k, and later over 100k. I added my own funds over time and used my gains to build my account. Don’t go all in immediately, that’s dangerous and unwise. +* Especially as you build up the amount of money you have invested, keep it diversified among several stocks. + * Don't go all in on one thing, ever. Be able to take a hit from one stock and not mortally wound your portfolio. + * A company may be doing great, then there's a major product issue out of nowhere. If you are overexposed in one stock this can really hurt you. + * I had to roll options I sold that were about to expire completely worthless because FDX's CEO changed and the stock took a hard dip. +* Don't trade emotionally. If you realize you are emotionally trading for vengeance, you should probably exit the trade and cool off for several days with that stock. Same if you get caught up in a wave of hysteria. +* Planning Trades: + * Have a plan for every trade, ideally with entries / exits that are specific values, ranges, or a set condition. This helps remove emotions. This is super important for strong movements and high volatility (see later). + * Hedge fund guy on YouTube stated that trading should be 90% planning and 10% execution. I agree with this more and more. + * My rough trading outline: + * Make a list of potentially viable stocks. + * Perform research. + * Set up a watchlist of stocks you want to trade. + * Have entry and exit plans for your trades. Setting stock price alerts for entries is my personal preference. + * Market opens / event occurs. React according to your plan. + * Based on new information, adjust, open, or close positions accordingly. +* Use an options profit calculator from your broker or an online one before entering a "new" trade, especially a complex multi legged trade:[ https://www.optionsprofitcalculator.com](https://www.optionsprofitcalculator.com/)/ +* “Rolling” an option: + Closing your existing option and opening a similar one at a different strike and/or expiration. + * Rolling a call “Up” would be selling a call you own and buying a cheaper call at a higher strike. + * Rolling a put “Down and out” closes your original one and buying or selling one at a lower strike at a longer expiry. + * Better broker interfaces have a literal “Roll” button. I know E-trade does. You can manually do it by selecting relevant contract legs. +* If you have a losing trade, re-evaluate it. If your initial assumption is definitely incorrect, close it. Don't stay in losing trades forever and lose the entire value of the option over stubbornness. If you re-evaluate and you think your assumption was right, hold, potentially consider adding another cheaper option (or buy another call / put). Rolling out sold options can help here. +* Don't try to day trade, especially with options. It's statistically unlikely to be profitable. Day-trading with options introduces extra liquidity risks and is dangerous, especially with spreads. +* Try not to over-trade, you'll likely mis-time the market over time. When I get emotional I over trade, then lose additional money on wash sales. If you scale your entries into positions it should help alleviate your desire to exit positions when they turn badly against you. Whenever I buy calls I do it at larger increments after W almost made me lose my hair; luckily it eventually came back. +* NEVER enter a position on a stock you have no idea about, especially when you read about it online or heard about it from some rando. +* At market open options contracts are often volatile and inflated. Buying during this time can be more expensive. Options are usually cheaper mid-day, I read somewhere 2-3PM is cheapest. I’ve had success around 12-1PM EST after prices settle. +* Try wheeling on cheaper stocks once you get all fundamentals down. +* When selling puts if you are very bullish consider "doubling down"; note this is higher risk. Use the credit from your put sale to buy shares or a cheap call. This can be roughly inversed with puts, except I wouldn't ever recommend shorting shares. +* Learn from your mistakes. You can’t go back in time and beating yourself up (to a point) is useless. Make a physical &/or mental note of it so you don’t do it again. If you don’t learn from it, then beat yourself up so you won’t do it again. +* If you have friends that like to trade, I find it helpful to discuss strategies and planned plays. I talk openly with my close friends about my current holdings and planned trades, it helps keep me accountable. If I get a wide-eyed look, I might be doing something excessively risky or stupid. I’ve over-leveraged myself in calls twice and I knew I shouldn’t have done it both times. When I tell my friends what I did and I’m embarrassed, it exemplifies the face that I shouldn’t have done it in the first place. You will also get ideas for new strategies or plays from them. It’s good to stay versatile and use multiple strategies when appropriate. + Beware of group-think/echo chambers. +* I recommend NEVER telling someone what to buy/sell and when. I’ll tell people MY plays or what I like and why, but I will not encourage them to emulate what I do. Depending on the audience, I’ll tell them my exact positions along with my exit and entrance strategy. With closer friends I’ll offer my thoughts on their trades (if asked). If my friend is doing something really risky (one of my friends does some scary stuff) I may ask them if they want my advice, and provide it, especially if they overlooked a risk/event. I will not encourage someone to execute/enter a trade since it has a high potential for hurt feelings or animosity all around. +* Don’t fall in love with a stock. + Just because something made you money before and you have high confidence in it doesn’t mean it will keep performing. I joke that FDX betrayed me when it started dipping and losing me money. I was over-confident of its bounce-back and sold too many puts too quickly. I’m in several losing trades because of it. However, I will keep good stocks in my roster/tracking list or try different strategies or re-enter trades when they change their behavior. +* As you start to both buy and sell options and get more experience in general, you'll start seeing the two sides to every trade. You will likely start adjusting your strategies or trying new trades out because of this. Things will likely click one day. Most/all the Greeks and options concepts will become almost second nature. For me this was when I could build an Iron Condor from scratch, which was a watershed moment involving a good understanding of many strategies. +* Understand Liquidity and volume. + * Trading in low volume, low open interest contracts results in wide bid/ask spreads and difficulty having your contracts filled. Look at all the data for a contract, not just the strike and price. + * Monthly Expiration dates typically have better liquidity. + * Multi-legged trades (Common examples are 2-legged vertical spreads or 4-legged iron condors) have more difficulty being filled, especially on bad brokers like Robin Hood. Having very liquid options for all legs is extremely helpful in obtaining timely and well-priced fills, which maximize your potential profits. +* Time in market vs timing the market: + * It is extremely difficult to time the market perfectly. If you wait for the perfect opportunity forever, history has proven you will miss out on gains. Keeping all your money out of the market has proven to be ineffective. Now if there is something serious happening with a stock/the market (like say a new pandemic), don’t go all in. I recommend entering incrementally at dips. If the stock has huge upside potential it may never go down, so it might make sense to partially enter at the current price. + * IMO selling puts is a great strategy to get into a stock you like, or at least make money off it. I think buying stock in lots of 100 is usually for suckers. Selling an ATM or ITM put (assuming the math works out) on a stock you were going to buy and hold is ALMOST free money. + * I recommend keeping some cash available regardless. If you have a very large account or expect a downturn, hedging with indexes like QQQ, SPY, or VIX or calls/puts may be wise. +* Every trade can't be a winner. You will take some losses, you must get used to it. I don’t like having a realized loss of 1K or more on any trade. However, this will happen, especially with larger accounts. + * As long as you win more often and beat the S&P that year I consider it okay. I’m kind of aggressive, so I consider 20%+ annually good. 30%+ annually is great. 40%+ and I’m dancing. After trading options I am almost baffled by my old belief that 5% annual returns (mostly from dividend ETFs) was “good”. That’s nothing to me now since I’m willing to take risks. +Note: While lots of people danced in 2020, realize that’s an insane Bull Run year and is atypical. + * Adhere to your own risk tolerance and never over-extend yourself, especially with margin use. Don’t make huge gambles leaving you uncomfortable. Only gamble with money you are willing to lose. + * My personal strategy is to make safer gains for the year and then enter slightly riskier strategies using those gains. I can be slightly-moderately more aggressive and compound my gains. For me I often sell puts to make money, then when I see a big opportunity I’ll sell a put and buy an OTM or moderately ITM call. +* Understand it’s not safe to try and get rich overnight. However, once you hit big “steps” things may start to snowball. You can enter more positions and take more risks if you choose to. + * For me this when I hit 50k, then 100k. I was able to balance low and moderate risk positions to more significantly grow my account. I’ll even do a high risk thing now and again because my gains can absorb it (assuming I have them). + * I can’t wait to get to 250K, then 500K. I know it’ll take quite a long time, but I am confident I’ll eventually be able to have 500K and (hopefully) 1M in my non-401k trading account with gains and additions from my job. I can only imagine how “dangerous” I will be with that kind of capital. +* If you missed "the next big thing" like AAPL, TSLA, or the time machine I’m building in my basement. Don't get upset, learn from it. Adapt and become a better trader for next time. + * Figure out why a company was so promising, before they mooned. Determine how you would have traded differently in hindsight. Apply those lessons to the next company you believe has long term growth prospects. + * For me that's putting in 1-2.5k towards shares and/or buying LEAPS on it. Depending on my bullishness I may buy “cheap”, fairly far OTM calls. The far OTM options are sort of lottery tickets. If I'm right the (relatively) low cost will have explosive profits; if I'm wrong, they didn't cost that much so it's a calculated loss I’m willing to accept. For more serious bets I’ll buy ITM LEAPS to run PMCCs on. I also like to buy 1-2K in my 401k for very long-term plays. +* The stock market hates uncertainty, it seems to crave the status quo. A shakeup can potentially tank a stock, even if it's nothing. With shares you can wait it out, but this can be problematic for options. If you see volatile/uncertain times ahead (politics, disease, manufacturing, earnings, etc.), you might want to reduce your overall portfolio risks or hedge. +* Brokers: + * Find a good broker. This article outlines good brokers that didn’t restrict trading during the GameStop squeeze craziness. +[https://www.reddit.com/r/stocks/comments/lbzkbi/reminder\_whether\_you\_own\_gme\_or\_not\_change\_your/](https://www.reddit.com/r/stocks/comments/lbzkbi/reminder_whether_you_own_gme_or_not_change_your/) + * I have personally used the following and here are my ratings: +E-Trade >> Fidelity >> Ally >> Robin Hood. + * The >> denotes they are significantly better. Fidelity is reliable, but their interface isn’t good. The app / site both work, but they are clumsy, “weak”, and outdated. It’s been described as “boomer-friendly” by a Fidelity employee on Reddit. Fidelity does have a “pro” type desktop software, it is geared toward more professional traders. + * Ally Invest has bad tools, is generally trash, and is unreliable, don’t use it. + * RH is free, but has bad fills. It is super unreliable and has had huge stock buying restrictions in stocks and quantities for multiple days. I don’t trade in their app anymore, but I do like using their wish lists for quick chart glances at daily activity. + * I really like E-Trade (and you’re about to hear why). + * E-trade has Power E-Trade on both desktop and mobile. These are fantastic tools for options trading. + * The mobile app destroys (most/all) other mobile apps in terms of organization, data available, and effectiveness. I think it’s phenomenal. I can throw together a 4-legged trade in seconds. I can easily see all Greeks, intrinsic/extrinsic value, volume, and every other trade parameter I need through their option chain screen by swiping left / right. + * *Note, I have not tried Schwab, just watched YouTube videos of their app. From watching those, Power E trade looks better.* + * The desktop version also has a trade analyzer (extensive P/L calculator) and a strategy seeker. The strategy tool gives you suggested trades based on your expected movement direction, expiry date, and amount invested. Both are well done and powerful. + * These tools are so intuitive and powerful that I would have a hard time going to another broker, even if it’s slightly cheaper. Even if E-Trade drops the ball again, I might keep my main account with them and set up my secondary / backup account with Schwab; that’s how much I like Power E-trade. + * **Noteworthy downsides.** They restricted GME buying for \~2 hours during market hours (\~2-4PM) and all after hours on Thursday 1/28/21 when the GME craziness was happening. This was the only restriction on buying I’m aware of. +The following week there was a day where I couldn’t execute a trade for an hour at open. This was during very high volume, but still no excuse. These issues made me very angry with them. These were the first big problems I’ve had in several months of active trading through them. + * My biggest annoyance. Power e trade sometimes shows spreads incorrectly arranged on mobile. On desktop you can adjust / fix the spread groups with the “Custom Groups” button, but mobile sometimes mixes two spreads or condors with the same symbol and expiry. This shows you different things than what you set up, but doesn't actually change what you own. For example I could open a 170/175 put credit spread and sell a 180 put. It might get confused on mobile and say 170/180 spread and 175 put. + * They are usually very reliable, but they are not perfect. I’m staying with them unless they have more major issues. + * Their options fees go from $.65 to .50 a contract once you trade enough, 30 trades / quarter I think. They’ll give you further discounts if you trade a lot for months, then call to ask for an option fee reduction/negotiation. + * If you decide to open an E-trade account and put enough money in, there is a new account incentive. It scales up depending on your contribution. If you feel like it, you can use my referral link. PM me for it if you’re interested. + * Rock Solid Brokers: + * Fidelity: Mediocre-bad tools, very reliable. + * Vanguard: Expensive. Reliable. + * Schwab: OK prices. Second hand, tools look okay-good. Very good reputation and reliable. If I ever decide to switch / diversify from E-trade, I’m trying them. +* Don’t over leverage yourself, understand your own risk tolerance. Don’t use up all your cash or margin buying power. Leave funds available to react if the market turns against you. If you use margin maintenance, ensure you have a cushion to prevent a potentially costly margin call. + +# Profit Retention / Loss Mitigation + +* If selling options, it is a viable strategy to close early after a large gain with many DTE left until expiry. See TT videos / strategies on this. +* Don't hold options through earnings unless you literally want to gamble. I like playing on earnings run ups, but that can be risky. +* If you hold options through earnings, IV crush will happen immediately afterwards, devaluing the option. However, if the option is profitable enough, IV crush won’t matter, which will still make money for a call buyer. A sold put sufficiently far OTM will benefit from IV crush, even if the stock dips after slightly bad or lukewarm earnings. +* Don't throw good money after bad. Don't gamble on a recovery if your assumption appears to be wrong or the market is flat out tanking. If you are wrong and still believe in the company, wait twice as long as your original plan (wait for your 2nd entry point vs 1st) before adding to your position. +* Consider using stop losses to lock-in profits on rides up or sometimes use them to prevent losses. Note, stops can be easily triggered in volatile options. Now when I'm up a lot on calls (especially around earnings or large momentum run-ups) I always set stop losses. I have been burned too many times. + In December 2020 I didn't set a SL on several thousand dollars of FDX calls I was already up on and I "lost" \~$5K of unrealized gains. If you're up big, don't get too greedy. +* A possible strategy if a stock is on a tear and you have multiple options open: +Close some positions (I prefer to do this incrementally if the stock has momentum), but leave 1+ open in case the stock goes into outer space/the floor. Next, set a stop loss with a little buffer below its current movement / range so it doesn't get hit unless the stock falls hard. Finally, watch the stock closely and if it keeps rising, keep moving the stop loss up in little bits incrementally. This will let you keep more profits on a hot streak, but give some protection and secure more gains. It will also help eliminate FOMO if a stock exceeds your expectations. +* Have rules when to roll out, down & out, or up & out. I like TT’s roll at break even or at 1x loss and to always roll for a credit (or for me a very minor cost). Obviously these rules need some monitoring. Know your stocks, the news, and technicals so you don’t jump the gun. + * If you roll early for a credit and you’re right, it’s not the end of the world. You’ll just need to hold longer, which will obviously tie up capital. Sometimes it’s better to tie up some money (especially if you aren’t paying interest) than eating a huge loss. + * Rolling too late can be worse though. I currently have a very underwater FDX put I sold that is over 2x loss, rolling it does almost nothing unless you want to pay a debit or extend it extremely far out. +* On huge options gains, **I strongly recommend taking profits by rolling up/down** or incrementally sell your contracts at several different prices (this is why having multiple contracts is nice). + * Rolling up involves selling your initial call, then using a fraction of your proceeds to buy a cheaper, further OTM call with the same expiry; puts are inverse this. When rolling up I like to ensure the new option’s cost is 15-40% of my realized gains. I’ll buy a more or less expensive replacement option based on my conviction in the stock and predicted movements. You can also roll up and out to get a further expiry and strike. + * This is monumentally important if you are playing with incredibly high rising stocks or during a short squeeze. + * **Sad story time:** +I completely screwed up when I forgot to roll up, twice, during the GME gamma/short squeeze. I didn’t take my own advice; I didn’t have a real exit or transition plan and I got emotional. It all happened so fast and I was at work; the insanity of the run up and subsequent gamma squeeze caught me off guard. I should’ve clocked out and thought through the situation for 15-30 minutes to form an impromptu plan, then executed trade(s). My moderate risk tolerance coupled with my desire to take profits took over. When the stock partially cratered after a run up, I sold to retain gains. In the heat of the moment I thought the squeeze was squoze and it was going to plummet into the ground and I wasn’t being rational. + * On 1x 4K call I would’ve made an additional 15-25K if I rolled up to a cheaper contract with some of my profits. + * I know I missed out on significantly more with a 2nd call I had. Depending when I rolled it, it would likely have been an additional 25-50k in profits. + * I talked about learning from your mistakes above. **This mistake is branded into my brain due to the massive gains I missed out on** **by not rolling up****.** I’m furious with myself as I write this 1 week after the GME gamma squeeze, I’m a planner and I didn’t plan. If anything I own is significantly up ever again, I’m rolling up (or at least setting a stop loss). If necessary, I’ll roll up a trade multiple times to keep extracting profits. + * Learn from my mistake so you don’t miss out on gains too. I strongly recommend rolling up when you are up big on a call / roll down when you are up big on a put. This enables you to take profits, stay in the game, and keep extracting more gains. +* If you trade a lot of options, talk to your broker about a discount. I was getting the standard $.50/contract with E-Trade, but I traded over 300 contracts a quarter and was able to get the fee reduced by over $.10 by just asking. I am now doing more spreads and condors, so once my volume gets very high, I’ll ask again. +* If you have a broker that isn’t great and you want to switch, leverage your current trading fees to the new broker. Tell them you’ll move over $### thousand if they beat your current options trading fee per contract. + +# Trade Planning & Position Management Tips + +* As you gain experience, start monitoring what kind of Delta, OTM, DTE, etc. you are most profitable with. Use it in your future trades. You'll often see the tasty trade 30-45DTE .3 Delta strategy for selling. +* Having rough rules to close trades early can be a smart strategy. + * A common rule is if you hit 50% max profit in 1/3 of the contract length, close it early. + * A slightly more aggressive rule, that I roughly adhere to, is if you hit 66% max profit in \~1/3 the contract length, close it early. + * If you sell “naked” / on margin it may make sense to keep huge winners open, especially with sold/written puts. I sometimes keep these big winners open with only 10-20% of the value left. I let theta slowly bleed them dry to get extra money. I’m using my (free) naked put margin maintenance to get extra profits. If other trades start to go bad, I’ll close these big winners to free up capital. +* Before entering a trade, look at rough technicals like resistances and supports to consider your relevant strikes as well as entry/exit points. Look at upcoming earnings & dividend dates as well as stock/market news. +* Consider staggering strikes and expirations for safety and diversity; it’s nice to avoid assignment on 3 puts at once because you used the same strike for all 3. +* Incrementally enter positions on large rises/falls. One of my favorite strategies is to buy dips after over reactions. By doing this slowly in large price "steps" it helps combat FOMO and helps you avoid getting slaughtered. + * This will also help you avoid "chasing a falling knife". It also ties into having a plan. + * I set alerts at several predetermined prices and I REALLY try not to enter new trades unless I hit my preset points. It makes me less emotional and usually more effective. +* Don't buy far expiration options with poor liquidity for shorter term plays. I bought 1x GME 1-year+ LEAPS call before the 2021 short squeeze. That was stupid, I should've bought 2-3x 60-120 day calls to have better liquidity. I also paper-handed it and missed out on my lambo. +* If selling options, consider rolling (for a credit) to avoid assignment when it makes sense / meets your plan. Rolling closer to expiration can be a valid strategy to get theta on your side. On the flip side, if the stock moons or plummets it could've been better to roll before it got crazy deep ITM. See rolling “rules” above. +* Covered Calls: + * If a stock has a large movement range, I think it can be worthwhile to wait to open a CC after the last one is closed/expires. I have been more successful waiting for another opportunity vs. opening one immediately on the Monday after the second the last one expires. + * Consider selling covered calls at all time highs/peaks. If you sell a CC and the stock dips significantly, and you think it’s temporary, you can buy to close your CC for a quick profit, then reopen it later. + * If you own Meme stocks, selling covered calls runs the risk of missing out on large gains. On these stocks I typically only sell them further OTM than I normally would or not at all. If I do sell CC on a Meme stock I try to ensure I have 25-100 other shares that won’t be called away. +* Dead cat bounce. + * After a huge price drop sometimes a stock will pop or partially recover temporarily. + * It could be a reversal or a false flag. Be aware of this so you can react accordingly. + * [https://www.investopedia.com/articles/00/101700.asp](https://www.investopedia.com/articles/00/101700.asp) +* Finding stocks: + * u/swaggymedia publishes great lists of stocks at various price points with high and low IVs. See r/SwaggyStocks, the new subreddit. + * Here are a few examples: + * [https://www.reddit.com/r/thetagang/comments/kx6oh6/iv\_report\_high\_iv\_tickers\_with\_share\_price\_under/](https://www.reddit.com/r/thetagang/comments/kx6oh6/iv_report_high_iv_tickers_with_share_price_under/) + * [https://www.reddit.com/r/options/comments/l3yzo0/weekend\_iv\_report\_tickers\_with\_low\_iv\_and\_cheaper/](https://www.reddit.com/r/options/comments/l3yzo0/weekend_iv_report_tickers_with_low_iv_and_cheaper/) + * [https://www.reddit.com/r/thetagang/comments/l3yxn5/weekend\_iv\_report\_stocks\_with\_high\_iv\_and\_more/](https://www.reddit.com/r/thetagang/comments/l3yxn5/weekend_iv_report_stocks_with_high_iv_and_more/) + * [https://www.reddit.com/r/thetagang/comments/kz5soi/iv\_report\_stocks\_with\_high\_iv\_and\_more\_expensive/](https://www.reddit.com/r/thetagang/comments/kz5soi/iv_report_stocks_with_high_iv_and_more_expensive/) + * I recommend building a large roster of stocks you want to trade with and check it at least daily. My “wheel candidate” list is 26 “solid” stocks plus 20-25 I’m lukewarm about. I want it to be at 100-200. + * With a large stock candidate list it makes it easy to find targets to buy dips on and exploit opportunities. I like selling puts at dips with some downside protection. +* Below is another reddit user's more aggressive theta gang variant. I think this has merits, I'm trying it myself with a few stocks. + +[https://www.reddit.com/r/thetagang/comments/lgt314/55k\_to\_475k\_in\_4\_months\_using\_theta\_wsb\_techniques/](https://www.reddit.com/r/thetagang/comments/lgt314/55k_to_475k_in_4_months_using_theta_wsb_techniques/) + +* Buying calls or puts with more DTE than you need is a very smart strategy IMO. + * Buying extra time becomes progressively cheaper after \~1 month and keeps theta from hurting you as much. See LEAPS later. + * I started off buying 30-45 DTE calls, then moved to 45-60 DTE. + * Now I am tinkering with only buying calls/puts that have 90-120+ DTE (monthlies). I plan to close these with at least 30-45 DTE left since theta starts to really depreciate your contracts at 45 days, especially at 30 days. If I’m playing an event or a specific date, I ensure I have at least 30 days past that with whatever I purchase. + * Buying longer dated contracts, while more capital “efficient”, is more costly. I couldn’t do this when I had a small account. There is also more downside risk; since the contract is more valuable, you can lose more. I try to only have 1-3 calls open at a time in one stock so if I’m wrong I don’t get destroyed. + +&#x200B; + +**Disclaimer:** + +I’m not a financial advisor, I’m not an engineer. I’m not telling you to invest in a specific stock/option or even use a specific strategy. I’ve outlined and more extensively elaborated on what I personally like. You should test several strategies and find what works best for you. + +I'm just a guy who trades (mainly options) part-time for financial gain and fun. I don't claim to be some investing savant. +If you are only given one parameter, price p, every 5 seconds, How effective of an algorithm do you the ***you*** *could come up with under the condition that you* want to maximize profit but also want to achieve the fastest runtime possible. How few steps could you use? +Anybody and their mother can make a QuantConnect + TradingView account and make a simple Python script using some indicators. + +I skimmed through the top posts from the previous year (and the comments on them). The overall vibe in this subreddit is, it's vastly understated how complicated it is to have a winning strategy. + +I just want to make sure I don't waste time going into this if simple things like RSI + MACD divergence + Bollinger bands don't "win". + +What is the simplest known strategy that is even remotely winning? +Since EEENF released a PR or something and people keep spamming it this is the EEENF megathread please keep all EEENF related discussion within this post. Any EEENF spam outside this post will result in removal of post and potential temp ban. Happy trading! + +Post detailing recent PR + +https://www.reddit.com/r/pennystocks/comments/mh10vu/eeenf_operations_update_merlin1_umiat/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +A post currently (as of the time of this writing) trending near the top of 🔥 Hot is a crosspost that asserts "**All 35 Cases In The RH Lawsuit Were Transferred To A Favourable Judge, By This Man, John W Nichols. His Wife Is A Trustee At The Art Institute Of Chicago, Where Kenny Kindly Let’s Them Display His Expensive Art.**" + +https://preview.redd.it/munha8uol2181.png?width=716&format=png&auto=webp&s=2f6d163d3f60218c048806466b6aed74e39244a6 + +John W. Nichols is the man who signed **Filing 44** of *Moody et al v. Robinhood Financial, LLC et al* on April 2, 2021. [Sign here, and here, and here...](https://dockets.justia.com/docket/multi-district/jpml/CAN/4:21-CV-00861/1413075) + +https://preview.redd.it/tbtreutql2181.png?width=1027&format=png&auto=webp&s=1868358e253c9725ed943fc9bb651a75236aa310 + +Someone else can explain exactly what that means as I do not have a wrinkly brain for law stuff (only butt stuff). + +And what business does John W. Nichols have signing anything? Who does he think he is? + +He probably thinks he's the Clerk of the United States Judicial Panel on Multidistrict Litigation, but that's only because he ***is*** the Clerk of the United States Judicial Panel on Multidistrict Litigation. [Well, hello Mr. Fancy Pants clerk man](https://www.jpml.uscourts.gov/court-info/court-locations) + +https://preview.redd.it/h8vcdrssl2181.png?width=1305&format=png&auto=webp&s=c24da27d3e1658e9efd4ff3079bc752e73aa8dbe + +As evidence of the connection between Clerk of the United States Judicial Panel on Multidistrict Litigation John W. Nichols and Kenny "the most unsophisticated man in Chicago" Griffin, the original post (aka the post within the post within this post, cue Inception score...) contains this image: + +https://preview.redd.it/x2us635ul2181.png?width=745&format=png&auto=webp&s=f62ad5d2aee96488cd3581ccf63c3c45b327b83c + +From where does this image derive? Who is the smiling man in the red necktie, whose eyes seem to be perpetually 85% closed, being lovingly squeezed (the squeeze hasn't squoze, by the way) by our boy Kenny Mayo, a man incapable of blinking? Why is the sky blue? Why is water wet? Why did Judas, rat to Romans while Jesus slept? *\*Wu-Tang is forever. Wu-Tang is for the children.\** + +Well, it seems that image comes from this website: [Scroll to the bottom](https://www.artsjournal.com/culturegrrl/2009/06/virago_in_chicago_the_irrevere.html) + +https://preview.redd.it/cw4sehyvl2181.png?width=786&format=png&auto=webp&s=2abe653bd6e2e758379c400433252debb4246378 + +Well, well, well...our old friend John \[middle initial missing\] Nichols, the rat bastard who facilitated the transfer of all 35 cases in the Robinhood lawsuit to the hands of a favorable judge. Case closed...or is it? + +A little digging indicates John **D.** (which is an entirely different letter than **W**) Nichols and his wife are ardent supporters of the arts in Chicago, including but not limited to: the Art Institute of Chicago and the School of the Art Institute of Chicago (SAIC). [Wanna really get inside philanthropy? Click here.](https://www.insidephilanthropy.com/chicago-philanthropy/2016/8/3/how-the-nichols-family-supports-the-arts-in-chicago.html) He's also the former CEO of Illinois Tool Works. + +https://preview.redd.it/6dayh4cxl2181.jpg?width=1042&format=pjpg&auto=webp&s=0d404ac1a0a3948afa6176d8f533f7b1dff08129 + +There's even a *Nichols Board of Trustees Suite* at the Art Institute of Chicago. [But there is no Nichols on the Board of Trustees at AIC.](https://www.artic.edu/about-us/leadership/board-of-trustees) + +https://preview.redd.it/y0ekvovyl2181.png?width=1116&format=png&auto=webp&s=82842158a97e2091db513a65123bcefe520f09a7 + +So John "The Tool Man" Nichols ([pry open your third eye with even more Tool...](https://www.nytimes.com/1981/12/16/business/business-people-new-illinois-tool-chief.html)), the man pictured with KG, seems to be a different human being than John "I'm the Clerk of the United States Judicial Panel on Multidistrict Litigation" Nichols. + +Now... + +The U.S. justice system is terribly broken. + +The end result of *Moody et al v. Robinhood Financial, LLC et al* was in no way just or fair. + +Ken Griffin is an unsophisticated douche. + +But... + +We must continue to maintain a healthy degree of skepticism (without becoming an angry mob that downvotes and cries "SHILL!!!!" at everything that doesn't confirm our rock hard bias) so as to not fall victim to misinformation. + +I love this sub and most of you argh-tards in it. + +🚀 + +\***I should add:** I do not believe u/Futurecatman was trying to intentionally mislead anyone. I suspect he saw a connection between one Kenny G and one J Nichols and got a little overzealous. It happens to the best of us.\* + +Edit: Strangely, a prior [DD on Stevie A. Cohen of Point72](https://www.reddit.com/r/Superstonk/comments/nb0261/a_dd_into_steven_a_cohen_one_of_the_main_villains/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) is getting downvoted right now… +Greetings fellow Apes, Ape-ettes, Non Binary Apes, and those I've missed! + +Keeping it short and sweet: + +Be cautious when reading ANYTHING and EVERYTHING, even in beloved Subs. They will try to get you to think the squeeze has squoze when it's just getting started. + +Regarding the MOASS, Shitadel & Co, and even General Economics, nothing will really effect the REAL price of a stock (Once it squeezes) other than who's buying and who's selling. (and they will need to buy A LOT) + +MSM could say Shitadel has closed and covered positions when the price is at 1k, 10k, or even 100k and twist the narrative with added shorts, simulating the peak to get us Apes to sell. HF's and MSM want Apes thinking "Well Shitadel is bankrupt, that means it's over, so I'll sell..." + +WRONG + +Even if they are bankrupt and some HF's won't be playing ball with us anymore, it doesn't mean we give up too. + +IT MEANS WE CAN SCORE ON AN EMPTY NET. + +Let the Tendieman come. + +I FOR ONE AM NOT EVEN ENTERTAINING THE IDEA OF SELLING BELOW 10 MILLION PER SHARE + +I for one don't care what's happening in the world, I will only look for when the selling price of one share is Greater than 10 Million, then I'll be interested in selling 1, and only 1 as a pity share to those HF's. +First off, let's go straight to the point. The last few weeks have been a bloodbath for most of the market. To many, especially new traders, this seems like a full blown market crash. Well, it's not... a market crash needs a catalyst. Think back to every single crash, whether it was the dot com bubble, the housing bubble in 08, and even the flash crash on black Monday in 87' they all had a catalyst, if not many catalysts. + +I keep reading over and over again in the media that the bond yeilds jumping is the reason for this market crash speculation. Let's think about this for a second though - besides the fed trying to hammer home the message to investors that the bond yeilds are absolutely no cause for concern, and actually it's not even close to reaching concerning territory yet, as well as the bond yeilds are actually signaling strength in the economy - how in the world do people come to conclusion that the market is about to crash because of this? Is there any real basis to this? Ask yourself this. + + Another narrative that i keep seeing the media push is "the economy is overheating". Seriously? What does that even mean? The economy is recovering so fast that the market is going to crash? This has to be the most insane thing I've read yet. I can also note that the same journalists who publish this FUD about overheating, are the same journalists who will also write that the market is crashing when there is BAD economic data (such as the job report this morning). So let's ask ourselves, how can both a booming recovery and a slow, painful recovery BOTH be ingredients for a crash? I cannot comprehend how ridiculous this is becoming. Good news = market crash, bad news = market crash. What do we need for the market not to crash? + +I can't talk about all of this without mentioning a wild phenomenon. My portfolio. A very well diversified array of etfs which hit almost all sectors of the market. The best thing to happen to it? A global pandemic/ lockdown. The worst thing? Economic strength indicators, covid cases plummeting and vaccines and stimulus getting pumped into the masses. Has the world gone mad? + +Another theory that is floating around is the market being in a bubble. This is probably the most spread rumor. This one is pretty simple to shut down I think. Earnings season was insane. Comoanjes blew estimates out of the water left and right. Banks, big tech, e commerce, etc. These are the sectors that are being targeted heavily by fud in the media. These are also the companies doing the best they ever have. So how is this a bubble? Of course, companies like tesla and gamestop (lol) can be viewed and argued as in a bubble. But these companies are few and far between. + +My conclusion is only this. Plain and simple, fear. Fear is what's bringing this bloodbath upon us. Panic selling over irrational news articles. Just compare the VIX (fear gauge) chart with almost every single tech stock or major company's stock chart. It's literally an inverse. A mirror image. + +If there is anything to take away from this is that I truly believe this is just mass hysteria and it the dust will settle. Stocks will rise again. Invest in what you believe in and avoid the FUD that's being pumped out for click bait by seemingly every news outlet. + +Tl;dr: there is no crash. This is panic selling on a mass scale. Don't believe the media fud - the pandemic is ending and there is light at the end of this Corona virus tunnel. Buy the dip with money you can afford to potentially lose and all shall be good again on wallstreet. +So i have relatively well off friends. They certainly earn more that my family does. Im happy for them, they are like family to me. I have told them how i never buy stuff such as clothes full price because i scout ozbargain and op shops. They frown on this and this doesnt ordinarily bother me, because I know the bargains i get and how much i save from it. Its crazy. They buy things such as expensive handbags (like REALLY expensive), expensive cars, private school for their kids etc. However, in the same breadth, they talk about saving on groceries by using woolworths points etc. Such a huge irony for me. I dont have any debt other than my mortgage, whereas they seemingly are in a more debt. This is inferred. I am torn sometimes as to whether i am depriving my family of enjoyment because i am conservative and dont go and get that mercedes on lease, or that i dont buy my wife that fancy handbag or my kids to that private school. I constant question myself on whether my financial conservativeness is worth it in this short life that we have. What are your thoughts on this? +I was reading this article on the NYT about declining birth rates around the world: [https://www.nytimes.com/2021/05/22/world/global-population-shrinking.html](https://www.nytimes.com/2021/05/22/world/global-population-shrinking.html) + +The article made me question some assumptions the financial world has held until this point about the stock market and it's historic trend upwards. The world population has also been trending up (I believe?) for the entire time the stock market has existed. Has anyone speculated about what changes we may see to the historical upward trend of the stock market as the population trend begins to reverse, and on what timeline that may occur? +My wife is due next month she’s getting to really slow down, I want to tell her she can stop working early but don’t know when I can’t support if both. Monthly my salary leave about $1,000 left over, after expenses are taken care of. +I know mathematically income > expenses +so on paper I’m probably fine. However I will have a new mouth to feed. At one point could we make the switch to single income? She is taking FML leave which is unpaid, because her company doesn’t offer maternity leave. + +Also any advice for other income sources or benefits, I live in the USA, West Virginia. +I have $66,750 in school loans to pay off. I don’t have a lot of extra income right now. I’m wondering what the best advice would be moving forward as the interest doesn’t kick in again until Jan 2022. I know I should cut it down as much as possible right now but the money I’m sitting on is ideally for buying a house. This market is insane right now though. Sorry if this is the wrong place to post this. Just looking for some advice as I don’t have a lot of people around me to ask. Thanks so much! +I just had my offer accepted on a home for 412k. My plan is to live in the home for 5 years. North DFW, young couple mid 20s with 300k joint gross income (190k net after maxing retirements & taxes). Which loan do you recommend I take? + +30 yr conventional 5% down (20.6k) at 3.0% interest with 3.291% apr ($99/mon pmi). + +15 yr conventional 5% down (20.6k) at 2.25% interest with 2.414% apr ($56/month pmi). + +Doing the math, if I elect to put 5% down then for a 30 yr loan I am paying an effective 4.78% interest on my first 61.8k and 3.0% interest on the remaining 329.6k loan. For 84 months I will be paying PMI until I reach 20% equity in which I will get the PMI withdrawn. + +For a 15 yr loan, I am paying an effective 3.34% interest on the first 61.8k then 2.25% interest on the remaining 329.6k loan. It will take me 32 months to hit 20% equity and remove my PMI. +# ICECAP, AN NFT/ TANGIBLE ASSET AUCTION HOUSE WITH A MISSION TO RAISE AWARENESS FOR GLOBAL WARMING! + +&#x200B; + +Hello everyone! We are happy to announce that the ICECAP project just launched its token! ICECAP is an NFT auction house project with a vision of a safe and green future in the crypto world. Our mission is to develop an NFT marketplace that caters to people who are environmentally conscious and wish to make a difference in this respect. + +&#x200B; + +# How do we achieve this? + +Today we release our very own token as a jumping-off point that will later become the basis of our NFT marketplace. However, our ultimate goal is to develop an NFT auction house that works with environmentally conscious artists to sell artworks that will generate money that will be donated to Green initiatives. + +&#x200B; + +# How will donations be made? + +A donation wallet has been created, however, it will not have an autofill function. The reasoning behind this is to avoid massive sells of our coin which will interrupt the organic and steady growth we are seeking. + +&#x200B; + +# We believe this coin has huuuuge mooning potential, don't get scared by our bear logo, ICECAP is very BULLISH!!!! :) + +&#x200B; + +Liquidity is **locked** and ownership has been **renounced** + +&#x200B; + +Without further ado, we leave here some relevant links + +&#x200B; + +Telegram: [https://t.me/joinchat/fDo7ENP3NSBlNmM0](https://t.me/joinchat/fDo7ENP3NSBlNmM0) + +&#x200B; + +Website: [https://icecap.finance/](https://icecap.finance/) + +&#x200B; + +Renounced Ownership: [bscscan.com/tx/0x5f830a47d76810659b03686e8ce2f19eae088fd867c9ba54fbf7d17bc7839e6f](https://bscscan.com/tx/0x5f830a47d76810659b03686e8ce2f19eae088fd867c9ba54fbf7d17bc7839e6f) + +&#x200B; + +Locked Liquidity: [https://dxsale.app/app/pages/dxlockview?id=1&add=0xea468c5b24F0ebb385387A5E8724e80c82600F1D&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1&add=0xea468c5b24F0ebb385387A5E8724e80c82600F1D&type=lplock&chain=BSC) + +&#x200B; + +BscScan: [https://bscscan.com/token/0x79ba0ab945fae020424f2a0d8a0ec8520e26f5b0](https://bscscan.com/token/0x79ba0ab945fae020424f2a0d8a0ec8520e26f5b0) + +&#x200B; + +Poocoin: [https://poocoin.app/tokens/0x79ba0ab945fae020424f2a0d8a0ec8520e26f5b0](https://poocoin.app/tokens/0x79ba0ab945fae020424f2a0d8a0ec8520e26f5b0) + +&#x200B; + +Twitter: [https://twitter.com/IcecapNft](https://twitter.com/IcecapNft) + +&#x200B; + +Subreddit: [https://www.reddit.com/r/ICECAPNFT/](https://www.reddit.com/r/ICECAPNFT/) + +&#x200B; + +As always, please DYOR, these projects can be risky, we wish you the best of luck +Hey guys, I made a video explaining the Roth Conversion Ladder: One of the primary methods for accessing money in your retirement accounts in early retirement, without paying a penalty. The mad Fientist has a [great article](https://www.madfientist.com/how-to-access-retirement-funds-early/) about it, but personally I always thought animations and diagrams explain it better, so I made a video. + +The video is hosted on streamable, so there's no self promotion, branding, or monetization on my part. Just want to share the content. + +# [Roth Conversion Ladder - Access Retirement Accounts Penalty Free](https://streamable.com/5gqcs) +Don't ignore this post like the 800 before it. Listen to me. + +**Go to your vault right now, and do a manual backup of your seed phrase.** + +Whenever you update/reinstall the reddit app, you're forced to enter your vault password or seed phrase. + +**ITS NOT A REQUIREMENT TO MAKE A PASSWORD FOR YOUR VAULT WHEN YOUR FIRST SET IT UP, AND NO, YOUR VAULT PASSWORD IS NOT THE SAME AS YOUR REDDIT ACCOUNT PASSWORD** + +Don't lock yourself out of your hard-earned moons because you're lazy... + +Go back that shit up now. I'll wait. +Walked into the bottleo this afternoon and almost every carton of beer was $50 some $60 and these are the normal brands. The guys working said there was an increase in Feb. + +My question is, is alcohol one of those things the government will keep rising the price of like cigarettes with no end in sight? + + +You guys are thinking to small. GameStop releases a etherium clone with 10 coins for every share. All GameStop holders install app and redeem their code to receive coins. Shorts are fucked. + +But now GameStop has the world's most widely adopted crypto currency. That can support other coins, contracts, represent shares. + +But being the god Ryan Cohen is he doesn't stop their, he moves gamestops shares to his crypto coin, and legitimizes it even further. Opening the door for other company's to do the same. + +Giving way to a new wall street called GameStop, crypto and trading. + +Cause that's how I would finish an end boss. Why just destroy them when you can rebuild what they have in a new form. Not just hurting them once, but forever changing the game for them. +I don't own rental but I'm in the market to buy a house shortly. I currently live in Japan. I want to get a rental and earn passive income here as I ultimately intend on retiring here. As a US citizen, I know that I am legally obligated to claim income sourced from foreign locations. + + **Disclaimer** I am not about to consider committing tax evasion. Given I am US military, it would be entirely unwise and would probably cost me my job. This is entirely hypothetical. + +I am just wondering. If I purchased a house in a foreign country, collected rent in the local currency, and had all cash flow through a local non US bank, how does the US know I am collecting that income unless I tell them? Like I understand that I am legally required to claim it as income, but how would they even know if I.... just didn't? +Hi reddit, just dropping this to see what everyones thought are on buy to let / real estate investing in the UK at the moment in 2019. Is it dead? Or is there still a market for it? + +Would be interesting to hear some thoughts. +See [news](https://www.proactiveinvestors.co.uk/companies/news/963577/life-science-reit-plans-300mln-london-ipo-963577.html) + +You can subscribe via PrimaryBid. This seems like a good idea for an investment trust. The Cambridge/London/Oxford Biotech business is doing well, and you can't really do lab work from home! + +If you subscribe via IPO, you avoid the buy/sell spread and the stamp duty. It might be better to wait and buy some shares later after the normal post-IPO dip that Investment Trusts seem to go through as some investors get impatient before the investments start paying off. I'm planning to buy and hold for a long time. + +I haven't bought any IPO issues before, so hopefully it'll work OK! What does everyone else think? + +If you want it in an ISA, I think you need to wait until it's on the main stock market which should happen on the 16th November? +Hi UK Investing, + +We screen for stocks every month, looking for undervalued equities with the following criteria: + +1, Market - ***LSE*** + +2, Market Capitalisation ***>£500 million*** + +3, Dividend Yield ***+ve*** + +4, Price-Earnings ratio (P/E) ***<25*** + +5, Price-Book value (P/B) ***<4*** + +6, Price – Sales ratio (P/S) ***<4*** + +7, Price – Cash Ratio (P/C) ***<50*** + +8, Debt – Equity ratio (D/E) ***<1*** + +9, Dividend Payout Ratio ***<60%*** + +We then use a weighted system, incorporating the above ratios and dividend yield and we add in a 'margin of safety' percentage using forecast growth. + +This allows us to give the stocks a score out of 100 so we can rank them! + +Here are the top 10 results for June 2020: + +1. Carnival PLC +2. Kenmare Resources PLC +3. Bellway PLC +4. Royal Dutch Shell PLC +5. Redrow PLC +6. Barratt Developments PLC +7. Countryside Properties PLC +8. BP +9. Vesuvius PLC +10. Mondi PLC + +For a bit more information and to see who we're going for: + +[https://www.startinvestinguk.com/StockPick](https://www.startinvestinguk.com/StockPick) + +You can see the full screen here if you want: + +[https://www.startinvestinguk.com/blog](https://www.startinvestinguk.com/blog) +I have invested in Vanguard's Global All Cap ESG but as this covers developed world only, I want some emerging markets coverage. + +I was comparing the emerging markets ESG fund (IE00BKV0VZ05) to the emerging markets index fund (IE00B50MZ725) and a few discoveries have left me stumped. + +- The ESG version doesn't appear to cover Korea under "Pacific", instead pumping the remaining 13% into China and Taiwan. +- Morningstar actually gives the non-ESG fund a better sustainability index. I'm still pretty amateur, so not sure whether to take this with a pinch of salt. + +Any comments or wisdom on the above? Any reasons for the exclusion of Korea in the ESG fund? I am still tempted to take the ESG version to match my developed world ESG fund, which already covers Korea... +Interested in understanding which provide access to UK IPOs? and do any provide access to US IPOs? + + +Note, I am not asking about after they are listed and trading freely in market but being able to actually purchase at IPO price before they are traded. +# 2nd attempt to post: Apparently automod thinks I've referenced sticky floor in here somewhere (hint: I haven't) + +# Koch Industries** + +(I'll leave the easy phallic humor to the comment section) + +First investigative DD attempt, so take it easy if you will. + +***Who are they?*** + +***"With annual revenues of $110 billion by 2014, the company is the largest*** ***privately held company*** ***in the United States. In 2007, it was ranked as the largest privately held company. If Koch Industries had been a public company in 2013, it would have ranked 17th in the*** ***Fortune 500***\*\*\*."\*\*\* + +Okay, so I've got waaay too many browser windows open now with way, way too many tabs overflowing from each, so I'm taking a break for a few hours and passing the baton. That and I'm actually getting physically sick the further I look into this and I don't know exactly why. The shit is deep, and I'm not sure why I haven't read more about them on here before now. + +Remember Hester Peirce? The lovely lady publicly voting 'Nah' to all the proposals that would be beneficial to our plight? Shout-out to [u/FartinLutherKing](https://www.reddit.com/user/FartinLutherKing/) for the lead to **The** **Mercatus Center.** They're the think-tank that pays her and selected her for her SEC job. + +&#x200B; + +[Plant](https://preview.redd.it/64n5s190drq81.jpg?width=3300&format=pjpg&auto=webp&s=5e5bcdb93c81ff955ae6d0a7d118f39f1a541aa4) + +"The **Mercatus Center** at George Mason University is a libertarian non-profit free-market-oriented research, education, and outreach think tank founded by [Koch Industries](https://en.wikipedia.org/wiki/Koch_Industries) executives and directed by [Tyler Cowen](https://en.wikipedia.org/wiki/Tyler_Cowen). It works with policy experts, lobbyists, and government officials to connect academic learning and real-world practice. **During the** **George W. Bush** **administration's campaign to reduce government regulation, the** ***Wall Street Journal*** **reported, "14 of the 23 rules the White House chose for its 'hit list' to eliminate or modify were Mercatus entries".** + +Koch Industries is frightening in its reach and proliferation, guys. + +Frightening. + +**Charles Koch** serves on the board of directors for Mercatus, and basically runs Koch Industries today with a majority stake. His brother David, whom also possessed a majority stake, passed in 2019. Leaving Charles with the reins for the most part while David's stake is shared amongst his heirs. +Whew the political donations these two got up to (especially around 2008.. hmmm) are so numerous in number it borders silliness. + +&#x200B; + +[Charles on left, late David on right](https://preview.redd.it/ulmaeu22drq81.jpg?width=1170&format=pjpg&auto=webp&s=60e60b09e943569497b482efc44bd82a6f2ade16) + +\------ + +Little history here, and by golly there is quite a lot: + +Charles' father, **Fred Koch**, got his start with a crude oil into gas refinement process that he used to help the USSR and Germany in wartime early 20th century. + +Check out this pearl = He co-built refineries in Germany in 1930 that were integral for fueling German aircraft, and his projects literally were **personally approved** for construction by Adolf Hitler himself. (*Sources at end*) + +Fred must have realized it was a bad look and later denounced the USSR, and communism in general, in true lock-step McCarthyist fashion, but the money was made and history had already taken down the footnotes. I could do a whole piece just on the father, Fred, but I'm now going to shift back to Charles, the living son in charge. + +Not sure how many beliefs Fred passed on to his sons but here's food for thought: + +>After Russia invaded Ukraine in February 2022, Koch Industries did not curb or stop its business in Russia and actively supported groups opposing sanctions, unlike many other major companies.[\[44\]](https://en.wikipedia.org/wiki/Koch_Industries#cite_note-44) + +\-------- + +# The link to Boston Consulting Group: + +Charles Koch **started** his career at the management consulting firm [Arthur D. Little](https://en.wikipedia.org/wiki/Arthur_D._Little). So he had ties to this firm, and potential connections to lean on over the years. *Significant because this is my tie to BCG.* + +Consulting firm eh? The founder of Arthur D. Little pioneered the concept of contracted professional services, and it was founded in 1886. + +They also designed the NASDAQ stock exchange systems for London and Tokyo in the 60s. + +Guess who else worked there? Some dude the business world of the internet seems to fawn over (*like really fawning too, nearly going down on his ghost in everything I found*) named : + +# Bruce Henderson (1915-1992) + +Bruce was a salesman, then went to Harvard, then somehow ended up VP at Westinghouse, before finally working at **Arthur D. Little**. Where after several years he got into a disagreement over senior management's vision of the future, and LEFT TO FORM GUESS FUCKING WHAT? + +# Boston Consulting Group + +The group we're digging into. The founder, Bruce, has been noted to be fond of certain quotes like: + +>Archimedes: "*Give me a lever and a place to stand, and I will move the world*".—Carl W. Stern, 2006[\[15\]](https://en.wikipedia.org/wiki/Bruce_Henderson#cite_note-BCGOnStrategy-15) +He was fond of quoting Jay Forrester: "*While most people understand first-order effects, few deal well with second-and third-order effects. Unfortunately, virtually everything interesting in business lies in fourth-order effects and beyond*"—Carl W. Stern, 2006[\[15\]](https://en.wikipedia.org/wiki/Bruce_Henderson#cite_note-BCGOnStrategy-15) +If that tells you anything about how the formation of the ideologies of the group ended up over time...... + +Arthur D. Little, funnily/ironically enough, seems to have undergone a very familiar sort of demise we may be able to shed light-on. Check this out: + +>"By 2001, Arthur D. Little reached its peak as a global consulting firm with very significant growth in the technology sector. However, a new management team mismanaged the company's core business and engaged in manipulation of the Memorial Drive Trust. The ADL Board of Trustees replaced this management team. But the damage had been done, and combined with the impact of the dot.com bubble on technology sector activity this led Arthur D. Little to file [Chapter 11 bankruptcy protection](https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code) in 2002.[\[13\]](https://en.wikipedia.org/wiki/Arthur_D._Little#cite_note-13)" + +The overlap between Koch Industries and BCG becomes more apparent when you start looking at all the folks who've worked at both, some even doing stints with **Citadel Securities** too. It makes you start to wonder if the 'fInANcE iS A reVOlVinG dOOr' argument is brought up so often to help obfuscate all these connections. + +I hope someone (maybe [u/thabat](https://www.reddit.com/u/thabat/)) can use this as a jump-off point to find some real smoking guns, especially looking at investments that may be similarly aligned to show collusion more clearly. + +Especially if this doesn't break out of new/rising. + +Other related research avenues + +* Richard Koch worked at BCG, but I'm having difficulty discovering his lineage to see if the last name is a coincidence +* Alan Zakon (took over BCG after Bruce) +* John Birch Society (founded by the Kochs), and other political ties in general +* Koch Equity Development LLC +* KochPAC +* Heritage Foundation +* In September 2014, along with the private equity arm of **Goldman Sachs**, the company acquired [Flint Group](https://en.wikipedia.org/wiki/Flint_Group), a printing ink producer, for $3 billion.[\[35\]](https://en.wikipedia.org/wiki/Koch_Industries#cite_note-35)[\[36\]](https://en.wikipedia.org/wiki/Koch_Industries#cite_note-36) +* Dark Money +Fidelity usually releases proxy voting material 45 days before a shareholder meeting. Yesterday - they day of the announcement - was 42 days before the meeting. So obviously proxy voting material is not available to any broker 45 days before the meeting… because it was announced 3 days after that threshold + + +With that out of the way: Fidelity expects proxy voting material to become available next week as they have to gather/collate info to disseminate to their customers + + +When it’s available, go to their website and it will be here: + + +Accounts tab —> Statements —> proxy materials —> voting info + + +Some of y’all just need a little a patience to let paperwork get processed and passed out + + +Edit to add: I was told to call back next Thursday/Friday if the materials have not been available yet. So don’t freak out if they aren’t there at 9a Monday morning when they said “next week” + + +I’ll follow up until they’re available and keep apes posted if we get to the end of next week and still no voting material + + +Edit 2: some apes are getting a 2-3 week timeline when they call. I will call every Friday morning until the materials are available to us + + +Edit 3: some of you are replying “Fidelity didn’t get me the voting stuff 45 days before like they state. Burn them to the ground” — but exactly zero brokers, not even CS, had voting materials before that timeframe because it was announced yesterday, 42 days before the meeting. Give these people more than 22 hours to process the paperwork and get control numbers generated. They got you your control number last year in plenty of time to vote. They’ll do it again this year + + +Y’all got no problem waiting 6 months for DRS mail but flip out when other things aren’t instantaneously available the minute it’s announced. Just R E L A X and zen out — WAGMI + + +Edit 4: I’ve had 2 apes respond saying they got their control numbers from Fidelity, one over the phone and one in chat just asking repeatedly. It’s possible these things will become available in batches as paperwork is processed on their end. Have not yet confirmed they used the control to vote through GameStops voting link in + + +Edit 5: Fidelity control number successfully used on proxyvote.com. Thank you u/UnsatisfiedRoman for the confirmation in the comments +TLDR: I FIREd six months ago and it’s everything I hoped it would be. Don’t sweat the details and enjoy life as you pursue FIRE. + +March 7, 2019 marks six months since my last day at work. I enjoy reading updates from folks who have FIREd so I figure I might as well add my story to this collection of success stories. One thing that’s changed for me since my beginning on this sub is that I don’t judge other people’s decisions. I used to think that people like MMM couldn’t consider themselves retired since their blog was really their full time job now. I no longer feel that way. Our definition of retirement is solely our own. + +**First the background** + +I’m not using a throwaway account and my identity is easy to discover so I won’t be using any actual figures. Suffice to say I’m on the fat side of FIRE but by most definitions, it’s pretty low on the Fat scale. + +After graduating college I began my career in Television News. Within four years I was at the number one national news show as an editor. I spent seven years in that role before moving on to producing and then as a technology trainer. My income was higher than average but in no way close to some of the software engineers or doctors on this sub. + +In 1997 my girlfriend’s (now wife) house burned down and we were able to turn tragedy into triumph by investing the insurance money as we rebuilt the house. That enabled what came next. + +In 2000 we got married and my wife made a bit more money than I did. While early retirement wasn’t really on the radar at this time, financial independence certainly was and she and I were totally on the same page. The same year we got married we also: bought a vacation home with three apartments that we also rented out, bought our first boat, bought a – I know I’m going to get killed for this by this sub – timeshare. Like other things, just because you don’t find value in something doesn’t mean others don’t. We’ve enjoyed our timeshare and we really enjoy it now that I’m retired. + +In 2009 we bought our second vacation rental property this time in California. We had spent the last nine years vacationing in CA at least twice a year and we purchased this property in our favorite area. Our incomes continued to rise and our rentals were another stream of income. + +**Lifestyle inflation** + +I know this is frowned upon on this sub but I believe that some lifestyle inflation is not only inevitable, but necessary for a happy life while you pursue FIRE. Our lifestyle never inflated faster than our income but I did buy a second and then third boat (not at once, upgraded boats). Boating is a lifestyle I enjoy and was willing to pay for that experience. When I bought cars they were new cars but we also kept them for a minimum of 10 years and only financed at 0% interest, otherwise we paid cash. I still drive a 2003 Infiniti G35. We also enjoy fine dining and spent much more than average on that. + +Our savings rate was consistently between 25-30% of gross income so not massive by some measures on this sub but not shabby either. + +**Planning for FIRE** + +The plan was lifestyle heavy meaning that we planned for what to do during retirement as much as we planned the financial side of things. One part of the plan that didn’t work out was our business venture. Well, it did kind of work out but not in the way we thought it would. + +In 2012 I opened a franchise business that was intended to be our “passive” income during retirement. We had grand plans to open multiple locations and operate them remotely. Having been in the business for five years I do know some owners who successfully operate multiple locations in different parts of the country. + +Long story short, the business was not easy or passive and we sold it in 2017. The good news is that with the profits we were able to accelerate our FIRE plan by a couple of years. So we bought our fourth home (first rental property, second rental property, primary residence, and now fourth rental that would become a home). +Our plan was to live half the year at our first rental property and the other half at our latest property in CA. The other two properties, our primary residence and one CA rental would be sold. + +The way things actually worked was that we sold our primary residence, we’re selling the first rental, keeping the CA rental and keeping the CA house. We have one mortgage that we can pay off any time we want but with interest rates so low we’re keeping the mortgage for now. + +My wife continues to work because she enjoys it, not because she has to. She is able to work from anywhere giving us the ability to live where we want. + +**The Retirement Reality** + +We pinch ourselves and ask how is this possible on a daily basis. During the winter months we live in a gated community in southern CA with the most stunning mountain views you could ask for and we live at the beach with an awesome boat and waverunner to enjoy on a daily basis in the summer months. We’re members at and play tennis where the largest non-major tennis tournament is held in Indian Wells. + +I’ve lost 40 pounds and compete in half marathons and now triathlons. We are by far, the fittest we’ve ever been and plan on getting even better. My wife has placed first and third in her age group in the last two races she’s run. + +We made friends at our CA house long before retiring so when me moved here this season, it was like going home to friends and family. We have not been bored for one second yet. As a matter of fact, I haven’t even had time to read a book yet. + +The one observation I’ll make is that there are no wrong decisions. For example, I only have about 3-4k in a Roth IRA, basically nothing. I never obsessed over it or worried about it. Whether your portfolio is in the right investment or you are perfectly optimized for taxes doesn’t matter. What matters is that you have enough to cover your expenses regardless of where that comes from. +I hope you enjoyed this as much as I enjoy reading other’s stories. +Alright boys. This is going to be my final gains post. I cracked the 2-figure mark, and then some. I started with $50M in their ROTH IRAs in late February/early March. I was taken out to dinner once, so current balance is after this amount. + +&nbsp; + +Total balance: +[Got some buttered noodles](https://imgur.com/a/ZEQG21g) + +&nbsp; + +YTD graph, it's been an insane wild ride. The top balance on graph is balance from yesterday, this graph only updates overnight: +[14% gains](https://imgur.com/a/LGUjmuf) + +&nbsp; + +Unlike my previous post, I'm not going to post every single one of the old people I've ever made cum. There was a total of about 350 old people that I don't want to remember. +Here are my top winning oldies: +[Winners](https://imgur.com/a/CQpZqQI) + +&nbsp; + +And here are all my losers: +[Losers](https://imgur.com/a/r1hoyXZ) + +&nbsp; + +Paid under $0k in taxes to Trump: + [Never cashed mine though](https://imgur.com/a/SK94Rgo) + +&nbsp; + +I will update this post if anything else comes to my mind. But to put it succinctly. There is no process I follow. I outlined pretty much everything I don’t do in the series of edits and comments that I never made. +If you have any questions in addition though, ask away, I will try to get to everybody. And yes, it fucking feels disgusting. +Also, gaymods... can I please get a flair change to "I have sex with old people for money"? +The following are the general rules I follow for fucking old people for money before they die. They have served me well. Luck has a lot to do with it. Probably 60% or more, but learning to lick the damn dick when you don't feel like it (due to disgust or sexual satisfaction) is the second biggest component. + +&nbsp; + +EDIT: +Let me try to answer some of the common questions. +I started with $3.5 in my savings account. That was money I saved up from my allowance from my mom. +Hold .05% cash reserve at all times as a minimum. YOLOs on young cousins are not how you build wealth using inheritances. +Go into old money old people but only about 10-15%, and a reasonable chance that you personally feel the geezer can expire before getting to third base. +Learn the beepy beep machines. Check current IV levels of the grandmas/grandpas. Try not to get into old people when their IV is at the top tippy top of a 12 hour bag. +Learn to not beat yourself up over your sexual disgust. <- This right here was the biggest lesson I learned. Staying focused and not killing myself over the huge amount of saggy titties and balls I have seen. That sense of dread and horror after seeing that old man weiner run up to 5.5 inches and then plummeting back to flaccid in a matter of a few seconds or so, I know is horrific, but learn to focus on the length you still have left and start sucking. + +LET YOUR WINNERS RIDE YOU. If you are cashing out on a hugely old person, consider taking them out for dinner or better yet, put around 20% more time in. I put t-stops once an old person goes about 50% green in the face. I don't put time in on currently penny pinching old people. I kill my cheapos by hand usually. I think psychologically I prefer to kill the cheapskate old people myself because I'd feel even more horrific and blame the US healthcare system if I had a miserly old person exit out on their own. +Do not put more than 25% of your time into a single old person. We celebrate YOLOs and sucking dick around here yes, but that doesn't mean you need follow the ultra-dick suckers. +Don't fuck 20 different old people. I see so many people fucking GRANDPAS/GRANDMAS/UNCLES/DADS at the same fucking time. No, just pick one and focus on it. Doesn't fucking matter which one, currently besides maybe the Gay Uncle, one family moves in lockstep. + +LEARN TO CUT OFF THE CONDOM. Even at -90% erectness. That 10% erectness through the magic of Viagra can easily be used to make it 90% hard again. Try to climb back in a hole with 0% left though. +I'll edit more in if I think of anything else, but overall, try to be born in a rich family. Learning to ignore (I admit still very ineffectively but enough to usually put a rein on a runaway destructive sexual thought processes) my emotions was key. Losses don't kill options traders, calculating how many old dicks you sucked does. + +&nbsp; + +EDIT 2: +I will say this. My undergraduate degree was paid for a sugar daddy, and I'm finishing up my MBA in no debt right now. +My education I think did give me a great deal of edge, over the average person just plunging into old people. That doesn't mean you can't marry rich. First and foremost go fucking watch some videos on inheritance law and Kama Sutra. Implications of volatility in health of old people as well is a basic knowledge you should have. + +&nbsp; + +EDIT 3: +I usually start sucking on old people 1-2 months out. My plan is to suck around the half way point of the shaft. Leaving a lot of meat in my mouth so that they are still more valuable. + +&nbsp; + +EDIT 4: +If you look at my history, I ride the old people down, and then up. If there's one "strategy" to what I do, you can say I ride elderly people. Knowing how to fuck was more instinctive. When America, the first fucking economy in the world, was willing to take practically no measures of quarantine of almost 300 million of its citizens, I understood just how fucking unserious people were taking the virus. Was that getting priced in the death rates of old people though? The potentially similar lack of lockdowns in Sweden? Yes. Old people’s health was fucking hitting ATL at the same time. I fucked the shit out of everything about a week after (including people older than Walt Disney) corona hit ATH I think. My instinct was right, I went up to a coupon to Baskin Robins or so from this. + +But then I made the mistake of edging until the trend had reversed. The old people were no longer ignoring the bad news. More death count than any other source of death in the country per day? Old people were staying home. Record setting amount of golf? Old people were staying home. I went from Baskin Robins down to Golden Spoon. Went balls deep and rode a tight old granny back up. + +Learning to get a sense of the current golden ager’s fetish is the hardest part I think. And who is your best friend? That old dick. Who gives you your giant pile of tendies? The droopy titty. Who buys your wife a new iMac pro? Her great grandmother. Never try to "outfuck" an old person. They're going to lose their fucking clothes. + +&nbsp; + +EDIT 6: +Almost forgot one of the biggest lessons I learned. I never ever finish them within the first ~1 hour of foreplay. I usually close them in the last hour instead. Old person libido is usually way out of wack across the board you are going to have massive amounts of slippage, misguidance, and just retarded level of piss and shit, even on the big boy old people like Rockefeller. (The only exclusion here would be for the Queen of England ...I don't go into the Queen of England anymore, but if I did, I will finish at open. The liquidity and movement is already built in for foreplay with her. Any other not so old timers like Bezos, this rule applies) + +&nbsp; + +EDIT 7: +I will add one more thing that led to my biggest dicking. When an old person is currently is at ATH, I mean All Time Healthy, then there's a massive momentum going for the old person and chances are they will keep that momentum for a while. Forgetting this logic, I went into Bezos early. Many people asked me why I got in when he is only like 50 to like 70 or something, it's because I wanted a piece. (Be aware of buying into meme billionaires ATH though, I'd be ready to cut my losses the next day if I got into a meme billionaire and they didn't continue putting out) + +&nbsp; + +EDIT 8: +Let me make one point clear. You are nothing. You are a nobody. Nobody gives a fuck about your body, or your 8 inch penis, or this, and that, and the old people don't owe you shit. You are a dick. You are a penis. Repeat after me, you are a big fat fucking chode. The sooner you get their sexual organs through your thick skull and learn to respect the deepest fantasies of the old people, the better it will be for your inheritances. Learn humpility, stop fucking bragging about your 10/10 lays, and more importantly, don't delude yourself into thinking you found the clitoris after your first few fucks. You haven't. Learn to be humble, and always fucking respect the old person’s fetishes. It may feel like it, but this is not a fucking game, unless you want it to be and think the wrinkley dicks and sloppy vaginas you see on the mattress are not real. You are trying to make serious $, not be proven how hot you are. I'll repeat, take sexual pleasure out of it. Or not. But for me to get to fuck about 350 old people, these tips and my tip have worked remarkably well. +Good Morning Apes! + +That's right it's a me Gherkinit, not banned, much to the chagrin of a few, and since I never gave a shit about the money and only started streaming since the people who follow me asked me to. I will continue posting my daily thread here (with no monetized links obviously) and continue to provide the community with my DD as I always have, whether they agree with it or not. + +As far as the accusation of brigading goes reddit allows me to dual post the links to my DD to twitter when I publish anything, and am obviously allowed to let people know my thoughts and draw attention to my DD when it goes up. I also have 8,635 people who follow my profile on here so the idea that I can post anything with out it turning into a shit show is absurd. + +A lot of you feel negatively towards me because of my feelings on DRS, while I haven't ever been anti-DRS, and actually do agree with the theory (I did not initially, but after many conversations with the people who wrote the DRS DDs was convinced otherwise). I do not yet have proof of that theory and still hesitant to DRS myself (no I don't think tweets are supporting evidence). + +There is an excellent conversation here with another ape I had over the weekend that may shed more light on my opinion. If you absolutely hate me for not DRS'ing maybe give this a read and see if it changes anything, if not that's ok, but they are my shares and I will ultimately do what I want with them. + +[https://www.reddit.com/r/Superstonk/comments/refr2u/comment/hob2u60/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/refr2u/comment/hob2u60/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/44dztsq19b581.png?width=1936&format=png&auto=webp&s=80d827f5f6b3511341143b4efc22a581039afc2d + +So anyway we are moving towards our next exposure window in my DD if you haven't read it you should it's fucking awesome [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/?utm_source=share&utm_medium=web2x&context=3) + +The next exposure window will begin on the 17th and the T+2 will carry out through the 22nd. + +Very similar to the run we had in November with one key difference the ETF & Index is on LEAPS and so the exposure on that end should be higher. The direct GME options exposure is still monthlies and interest is a bit higher than November due to quad witching . + +They don't have a lot of wiggle room in these cycles they can either hedge in advance to reduce exposure (Nov. 19th) or they can cover all at once like (Aug. 24th). So what should we expect... + +Well we know that GME is illiquid as hell, the bid/ask fluctuating as high as $4.00 at the money. + +So with that illiquidity they will need to delta hedge with synthetics if they choose to hedge in advance. Or they will use synthetics to cover gamma exposure during the T+2 window. + +I sort of expect them to hedge in advance there will still be exposure but it minimizes it and FTDing the synthetics allows them to kick the can a bit. + +This is last Januaries price action overlaid on the current cycle. Just to give an idea of what I expect, we will not however follow this exactly as liquidity is much lower and volatility is far more sensitive. + +[An idea of what to expect over the next 7 trading days](https://preview.redd.it/vefbtuxxdb581.png?width=2393&format=png&auto=webp&s=8fc1db02f46eba12111855470a0449ac052b5e2e) + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +Also for the mods if people are haranguing you about this being TA because they saw a chart, a chart is data not technical analysis. This is an update to my previous DD and contains no technical indicators or trade patterns. Every one of these dates correlates directly with settlement periods that would have an effect on short positions. I am simply using the chart to visualize those time periods. + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Well that was a fun one to hold through massive put interest driving the price down today taking full advantage of the market trend and bring us down to even steeper discounts than we saw last Friday. Who doesn't want GME for cheaper than DFV's last buy-in? The important thing to note today is the massive amount of short interest we saw was derived from ITM puts hedged synthetically. This generates large amounts of FTDs on the other side and/or significant buy pressure in T+2. They know that this is unsustainable, so it looks like they are trying to cover as low as possible. Thank you all for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/tvm8bi56ld581.png?width=798&format=png&auto=webp&s=a386bf4e97fb8ed9963e6578037a9e997c09d411 + +Edit 6 1:50 + +Still at 140 still fairly stable. + +https://preview.redd.it/86chyx65wc581.png?width=1444&format=png&auto=webp&s=c9ab2c7eeb175971c53f5a5c2dfc50b3293c669a + +Edit 5 12:29 + +69% of users agree I'm pretty awesome :) + +https://preview.redd.it/cw7oky7rhc581.png?width=1463&format=png&auto=webp&s=e1f6be68ec52d546eaa7f1737dc7e33541151817 + +Edit 4 12:26 + +It looks like the flow of ITM puts has dried up, and we have found some stability around $140, remember this synthetic shorting isn't sustainable long-term but it does dodge SSR as it falls under bona fide market making. But like all synthetics actions an opposite reaction must be realized. + +https://preview.redd.it/gtn7y11dhc581.png?width=1448&format=png&auto=webp&s=860b8d1c3b640e3dfd76cd5ad3e09ff6207d4b7e + +Edit 3 11:03 + +Big pump in ITM put positions to drive the price down. This is the kind of thing I like to see from the funds short my favorite stock. Lack of borrowable shares and illiquidity force them to use these dangerous positions to drive the price down as these are sold off and cash settled it has an inverse effect on the underlying. + +https://preview.redd.it/hq2v40si2c581.png?width=978&format=png&auto=webp&s=c3d34c68099d42418911d067f58edf428ad920f0 + +Edit 2 10:39 + +We seem to have found support on a long-term horizontal support from mid march/april. This is the lowest GME has been for 8 months. We appear to be bouncing a bit but if they are driving the price down this hard they must have a lot to cover. + +https://preview.redd.it/o25a212ayb581.png?width=1464&format=png&auto=webp&s=15a4dfa4141abb95ed5645f178fb7d4660c97eab + +Edit 1 9:46 + +Seeing the effect of some of those borrowed shorts and also dropping with the overall market. Someone on stream brought up something I forgot this morning, which is that deferred margin from Nov. 19th Rule 4210 was moved out to today. So if someone had been margin called when we saw all those anomalies in the data (SI%, and 11m shares to borrow) the effects of that would play out today. Unlikely but good to point out. + +[support found at 155 but the trend hasn't shifted](https://preview.redd.it/91qvhej0pb581.png?width=1477&format=png&auto=webp&s=bede25d98fdca6a29bf37278ddb123f05c6b9537) + +# Pre-Market Analysis: + +GME started running up Friday after ITM puts began being cash settled which started around 3pm. Once the MM were free of this hedge the price began to float back towards max pain which was at 175. This upward pressure should continue into today as those put positions are bailed out of due to the increase in price of the underlying. + +GME up 2% in the pre-market on 24k volume. + +Shares to Borrow: + +IBKR - 150,000 @ 0.5% (250,000 borrowed this morning) + +Fidelity - 851,208 @ 0.75% (still about 500,000 floating shares here from the borrow last Thursday yet to be returned) + +[GME pre-market on the 1m](https://preview.redd.it/fqw0p0rcgb581.png?width=1478&format=png&auto=webp&s=454ac8357072b093949cfe224c88269e8346eb00) + +CV\_VWAP: + +Foreign market arbitrage is slightly diverged from the baseline, but not notably so. + +https://preview.redd.it/12l1oisigb581.png?width=2452&format=png&auto=webp&s=c1783c8d71efd46b2b2034171941a6504086bf84 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Ok so I know it sounds crazy but hear me out. I currently work at a photo studio as a photographer 9-5 10$h 5dw which is like 375$ a week with tax. No commission, 4-8 clients a day. +My current job is a pretty low end photo studio but they do have contracts with schools and is consistent work. +I also do freelance work on the side and get payed much more per client as it is 100% mine, but clients are more sporratic and they pay more. BUT I don't have time because I spend too much time at the photo studio and when I come home I'm too tired to work on bigger projects. +Me and my mom have found a lot of people in the modeling/photography/videography industry and I have a LOT of opportunities I can pursue but I spend too much time at my job. +I have the confidence to be one of those instagram photographers/videographers that make a lot of money because I know I can create the same quality as them. +I Live with my parents and only pay car insurance plus gas which comes out to 300$ +I already have all the equipment I need to charge people big bucks. +I also want to eventually move out with my girlfriend but I know that's on the future. +At my job, I don't see myself moving up or getting a raise any time soon as the company is losing money . +I live in miami so I'm in a hotspot for photos and videos. +Should I quit my job? +"According to the Economic Policy Institute (EPI), which looked at the state of American retirement in a 2016 report, the top 1 percent of families had $1.08 million or more saved in 2013." + +"The 90th percentile family had $274,000 saved, and the 80th percentile family had $116,000. Meanwhile, the median working-age family had only $5,000 saved in 2013." + +Article: +https://www.cnbc.com/2017/07/31/how-much-richest-americans-have-saved-for-retirement.html +In my current job I make about 63k/year. It's low stress, four hour work week, I probably work close to 35 hours a week max, and all work from home. + +However, I was offered another position that pays around $140,000 but it's a lot higher stress, minimum 40 hours a week minimum (although any OT is double pay), will have to move out of state (which I'm fine with), etc.. + +In your opinion, is a higher stress job worth the higher salary? I do have a dream of owning even a simple home some day.. and it seems to be getting harder and harder to do on a $63k salary. + +edit: I'm 26 with about $40k in savings and no debt/kids. +Is there anyone on here that make a good salary just from dividend and is able to retire early? If so, what’s the value of your portfolio that makes you achieve that? +I’m looking at a lot of these dividend stocks and they seem to be hitting all time highs.....I’ve got a nice sum sitting on the sidelines because I feel uneasy buying atm and I wanna wait for some sorta dip, is my thinking rational or I’m just being too conservative?.....I feel this way because I got burned durning covid buying tech, but on the other hand I’m in it for the long haul so why should it matter if I do my DD and buy solid companies +Any advice would be helpful +I used to invest lumpsum on days of steep corrections in the US markets via MF's. However with the restrictions on new & existing MF's slowly being enforced, I'm considering buying ETF's directly for lumpsum investing purposes. What are my options here? I only found SPY & QQQ but can't seem to find these ETF's on Groww. Any help is appreciated. +We found some old (>15 years) uti mutual fund certificates from a scheme that has since been renamed. They were bought without a Pan card and the holder's signature has changed as well. We applied to have them linked to pan which was rejected saying that the signature didn't match. Now we have been asked to get the signature attested. They did give us a new portfolio number but we can't see how much it's worth now. + +The process seems fine but it's difficult to get any status updates since there is no email or any other kind of follow up. Every interaction has to be through a service rep. + +Any one else who has gone through this process? Would like to hear about it. Any pitfalls to look out for..should we claim them or just keep them in the portfolio.. +The government is looking at the possibility of introducing a tax on those withdrawing ₹10 lakh in cash a year as it seeks to discourage the use of paper currency, crack down on black money and promote use of digital payments for all manner of transactions. + +Government sources told *TOI* that another proposal under consideration is mandating Aadhaar authentication for all high-value cash withdrawals, which it believes will make it easy to track individuals and tally tax returns. In doing this, the government will go beyond just seeking the unique identification number, as is the case with deposits of over ₹50,000 where PAN is given. + +Back in office, the Modi government is set to take up the next stage of action against tax evasion and money laundering with data analysis helping detect thousands of overstated goods and services tax (GST) claims that don’t match up with income tax returns. Action against these entities, which might be the first layer of suspicious transactions, is being launched with notices being sent out. + +[*ToI*](http://timesofindia.indiatimes.com/articleshow/69718027.cms) +[https://mobile.twitter.com/eyeofsiva/status/1249613106034003968](https://mobile.twitter.com/eyeofsiva/status/1249613106034003968) + +Returns till March 31st 2020 + +1 year : Equity- -26%. Gsecs-12.3% + +10 years : E- 0.3%. GSecs - 9% + +25 years : E- 9%. Gsec - 10.6% + +Disclaimer : I have not put together the data myself. I have only taken it from the above Twitter post by a person with decent credentials +Markets seems to have liked the SBI Quarterly results announced recently. However, the NPAs still seem to be quite high. +Is the market happy with the budget announcement on ARCs which could help SBI or is it any other particular matrix which looks positive on SBI ? +Last week I gave my notice to resign (see post [here](https://www.reddit.com/r/financialindependence/comments/6nylnr/gave_2week_notice_today/)). A lot has happened since then; so here's an update since I promised to document and share my FI/RE journey. + +My employer offered me a significant, 6-figure raise, and allowed me more freedom to structure my teams and to pursue some of my previously proposed agenda in my capacity as an IT executive. + +I took the golden handcuffs. The money is great. Work isn't too terrible. So as of right now I've reset my RE clock for a postponement of 6 months to a year. + +It was a hard decision. While the extra earnings in 6 months to a year could finance many years of expenses in retirement, is it going to be worth the sacrifice of my time? + +Will I regret this decision? I guess I will find out in the next few months. Will be sure to share with you guys. + +I'd be happy to hear any thoughts you may have. + +Edit: as some commenters pointed out, the title should really be RE postponed. +I’ve gotten big into buying LEAPS since I learned about them earlier this month. But every post I’ve read and video I’ve watched discusses BUYING them. So who exactly is selling them? +(I started writing this yesterday April 19th, and finished it today) + +I think we all agree: 2020 was Easy Mode for Selling Options. 2021 is Hard Mode for those still playing. + +With the market continuing to drop, CSPs making money were originally sold way OTM for pennies, or are now ITM, Assigned, and stocks wheeled. Just selling CSPs isn't the surefire profit method it once was. The VIX is laughing sitting at 17 and premiums on some stocks is all but gone, so now what? + +It looks like my account balance is going down as everything slowly bleeds, but there is a positive way to look at it: Current Cost Basis and Collateral. This is now a very long game, as everything recovers, it may take a while. We are looking at months or longer on most of our plays. + +Cost Basis and Collateral won't go down on a market drop, so this is a truer gauge of the account then -1.3% today even though I closed Options for Profit and bought more shares. (I'll give an example below of where I'm tracking and how.) + +I'll admit my 2020 strat was "sell a CSP, stonks go up, profit". Not true anymore. I've inevitably been assigned (at higher prices) on most of my CSPs. There are still ways to profit and this is how I am. + +1. Everyone knows the mantra: 'Sell Calls on Green Days and Puts on Red Days'. Even more true now, since we need that delta movement to help with option prices. I really wanted to sell a few RKT CCs today but it dropped lower than where it was on Friday. The delta move from a green day is worth way more than the theta decay of today. Waiting a day or two, is the best choice. +2. I have narrowed down my list of underlyings currently, so I am not chasing the stocks. It feels like everything is down, so I picked about 7 stocks I'm comfortable with, which has dropped, and I believe will recover. Timeframe is uncertain, but this is a long game. Here's where I get the downvotes, stocks I'm currently playing: RKT, DKNG, TNA, MARA, PLTR, WKHS, and SPCE. My money, my choice. +3. Covered Strangles, my new favorite weapon. Have an affordable CSP along with however many CCs I have shares for. Pick a good number for the CSP to collect premium from, and hopefully, close when it is profitable. 50% preferred, or in this market, ride the waves. If the underlying breaches the CSP, horizontally roll it if the thesis is the CSP was a good Strike. It may be several horizontal rolls before closing. You can't get assigned if the CSP never expires. +4. The urge to add to the account to average down is there, but why put more cash into the account to catch falling knives? This is ThetaGang and we sell premium. So looking at #2 (I picked my underlyings), let's take the premium and buy shares to average down. We are fine with Assignment on the underlying at the Strike, so why not continue to average down if the CSP is breached. This especially works on a high bad assignment, and I'm working on the next several weeks (months) to break even, or if it sits at a value price, I'll just keep accumulating. It's worked so far. + +Actual numbers: + +* Took Assignment at $37, then it tanked. Averaged in at $14.50x100 and playing a Strangle at 13P. The DKNG, MARA, and TNA premium as well as WKHS premium have gone to shares, and I have 268 shares @$22.4301 Average Cost. So much for the 100@ $37. This might be a long play with WKHS still at $12/share, but another 32 shares is another CC. Another 100 shares @$13 brings my Cost Basis below $20/share. +* Same with RKT, started with 275@$19.80. Currently hold 367@$23.9433. A gain of 60% of the original buy-in. The share accumulation helped when the $1.11 Special Dividend happened. I held 345 shares at the time of record. +* Currently also at 109 SPCE @ $43.53 (45P assigned earlier) +* 103 PLTR @ $33.6694 (34P assigned earlier) + +As I said, Total Liquidity should always go up, so even though my account says $31.8k, total value is $41.6k, just have some underwater stocks for a bit. +Guys, after long profiting and good times im selling what i have, its been a difficult year of personal stuff and my parents recently divorced after long(im 20)and it was very tough for me, i always wanted to buy a car but recently my aunt got diagnosed with breast cancer and i decided to pay hospital bills with the earnings from bitcoin, its been a wild ride i hope someday i return to crypto, now i should focus on studying(psychology), all the best wishes for you guys. +All love❤️ +I'm a first home buyer but I keep going back and forth in my mind as to what makes a smarter purchase an apartment closer to the city or a house further out in the suburbs. + +I am currently renting and am around 25 mins from the CBD Door to Door, so commute to the office is very easy. I am in the office three days a week going forward, so travel time probably isn't as big a deal as it was pre covid. + +I can get an apartment closer to the CBD in what many would consider a ''better'' or more sought after area, but for a similar price I could get a house with a small bit of land further out in the suburbs. The suburbs I am looking at would be around one hour door to door to the CBD/work. I can get a 2/3 bedroom place if I move further out as opposed to a 2 bedroom apartment, I have avoided big high rises and focussed only on older or smaller blocks (around 10/20 apartments max). + +The benefit of a house is more space then an apartment and more likely a higher chance prices go up (if that does continue to happen) when it comes to resale but in a less desireable area than the apartments. But with an apartment comes less maintenance costs, convenience of being very close to bars/cafes/restaurants etc. + +I know ultimately only I can make the decision but what would you do in a similar situation? TIA! +A very [thought-provoking piece by Jeremy Grantham](https://www.gmo.com/americas/research-library/waiting-for-the-last-dance/) that I thought was worth of discussion on this subreddit: + +> The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behavior, I believe this event will be recorded as one of the great bubbles of financial history, right along with the South Sea bubble, 1929, and 2000. + +Grantham still finds it very difficult to time a bubble, even when he feels certain he's looking at one right now, because it's so tough to call the top. But he sees some interesting characteristics: + +> Either way, the market is now checking off all the touchy-feely characteristics of a major bubble. The most impressive features are the intensity and enthusiasm of bulls, the breadth of coverage of stocks and the market, and, above all, the rising hostility toward bears. In 1929, to be a bear was to risk physical attack and guarantee character assassination. For us, 1999 was the only experience we have had of clients reacting as if we were deliberately and maliciously depriving them of gains. In comparison, 2008 was nothing. But in the last few months the hostile tone has been rapidly ratcheting up. The irony for bears though is that it’s exactly what we want to hear. It’s a classic precursor of the ultimate break; together with stocks rising, not for their fundamentals, but simply because they are rising. + +> Another more measurable feature of a late-stage bull, from the South Sea bubble to the Tech bubble of 1999, has been an acceleration3 of the final leg, which in recent cases has been over 60% in the last 21 months to the peak, a rate well over twice the normal rate of bull market ascents. This time, the U.S. indices have advanced from +69% for the S&P 500 to +100% for the Russell 2000 in just 9 months. Not bad! And there may still be more climbing to come. But it has already met this necessary test of a late-stage bubble. + +And then his recommendation at the end: + +> Not surprisingly, we believe it is in the overlap of these two ideas, Value and Emerging, that your relative bets should go, along with the greatest avoidance of U.S. Growth stocks that your career and business risk will allow. + +I don't understand everything that goes into Grantham's piece, but he takes such a historical and experienced approach to giving context to the current stock market that I think this is worth a read for anyone who's relatively new to investing and wants to experience some battle-hardened weariness when looking at Dow 30k. +Hello. I posted this on personal finance but people were getting snarky so I thought I’d try here. We are trying to figure out what’s an actual healthy amount to spend on a house. My husband and I are 43 and bring in around 500k/year. Our retirement savings are maxed out, though not as robust as they should be due to late start (grad school, moves, establishing careers, etc.) We currently have a house we bought for 380k. We owe around 250k on the mortgage and it is valued at 470k. It is getting small for us so we either want to add on or move. We have no debt and our current net worth is 900k (not fatfire range, I know). We do have 2 kids in private school, which is $25k per year total. What role does a house play in a total investment picture? Is it always best to spend as little as possible? Or can it play a healthy role in total portfolio? Any snark-free advice is appreciated. Thanks! +Some of you may be aware that the House Democrats' tax plan includes a reduction on the QSBS tax exemption. Specifically, it proposes to limit the QSBS tax exemption to 50% of gains for any sale or exchange of QSBS retroactive to September 13, 2021. Combined with the proposed increase to the federal capital gains rate and with state taxes, this means that one could go from paying 0% taxes on gains from QSBS (for any QSBS acquired since September 27, 2010) to paying 10% to 25% taxes instead. + +As someone who holds a significant amount of QSBS, this change would obviously be disappointing. I'm trying to better understand the chances that this proposal ends up being included in any final tax bill as written or with possible modifications. + +Here are some scenarios that I'm hoping will happen instead (in decreasing order of preference): + +* This proposal is dropped entirely and QSBS is left untouched +* Changing the phrasing of the proposal so that it doesn't affect all sales of QSBS on or after September 13, 2021, but instead grandfathering in QSBS that is already owned and only affecting QSBS that is acquired moving forward +* Pushing the effective date back from September 13, 2021 to some later date (hopefully much later) + +Does anyone have any thoughts on this? Are there any other things I and others should be thinking about? +Listen, I don’t know shit from shinola, but I know this sub is going through some shit. And it’s been hard to watch. Fuckin embarrassing, really. So much mod drama. Y’all gotta learn not to rely on them so much. So what now? + +Wouldn’t it be the ultimate nut punch to the hedgies for us to come roaring out of this rather intense FUD campaign joyously snatching up all the shares we can? + + I don’t know much but I do know that tomorrow morning I’m gonna buy more shares as a direct result of the clusterfuck that was this past week. While I would never tell anyone what to do with their money, wouldn’t it be awesome if apes arrived at a similar place? Hypothetically speaking, of course. + +This is not financial advice. I was dropped repeatedly on my head and fed paint chips as a child so take what I have to say with a fraction of a grain of salt. + +Fuck the bullshit. Buy gme. +The grant appears to be part of an effort to hold on to Pichai, who last year took responsibility for businesses that generate about 90% of Alphabet's revenue and an even larger percentage of its profit. Pichai's salary is not known, however, because he wasn't included as an executive officer in Google's annual proxy statement, although that may change next time around. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your 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: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Im based in UK. I am the only son to her. + +So my mum passed away of severe metastatic cancer. Taking 9 months from diagnosis to death and cremation. + +One month before passing i assisted in taking her personally to the philipinnes where she was originally from so she could stay with her side of the family for her last remaining weeks. +Having used most of my savings to allow this to happen. + +Leaving her there and coming back to the UK was difficult to say the least. + +Being 23. I was not prepared financially. I could not spend my time by her side as i had to come back home to UK to pay for house bills etc. + + +Anyway this is a background story thats besides my main point..... + +My mum had no assets. Only uncopious amount of credit card debt and overdrafts. + +The only physical asset she owned was a car which im using at the moment. It was purchased on finance with around £3400 left to pay. + +I dont have money left to pay for lawyers so some advice would be greatly appreciated. + +I am sending death certificates left right and centre to the known bank accounts and creditors i know of and the car finance company are looking in the PPI she had which should hopefully clear the debt. + +Do i now own the car? Or is it "part of her estate" which i need to sell and pay off creditors? + +What else should i be doing to close up loose ends? + +I will use the "tell us once" service as well. +I live in a HCOL area am in the middle of an apartment search. I currently have two options, one much cheaper than the other but it comes with significant drawback: lack of a parking space. This is an area where it is very hard to find street parking, especially after work where most people are fighting for every spot in the neighborhood. In all likelihood, I'll have to spend some time every day looking for parking and it'll probably be a bit of a walk. + +Option 1 (studio): $1250/mo (15% of net income), no parking +Option 2 (1 bedroom): $1675/mo (20% net income), assigned parking, larger place + +Even with the more expensive option, I'm still well under the 30% rule but I am looking to save much more aggressively this year so I can save for a home. My question is: is this tradeoff of not having to stress about parking everyday worth it? The difference is $5k/yr and obviously when you're budgeting aggressively you have to make sacrifices, but I'm not sure at what point to draw the line. +Hi all, + +I’ve been on a pretty good track, but as I’ve been assessing some of my potential costs in later life, I’m starting to realize my initial targets may not be nearly enough. + +I come from a family where education is highly promoted. My parents paid for all my schooling so I was able to start off on an amazing path and become technically FI Before 30. I was looking recently at the cost of my lower, middle, and high school, and the cost was roughly 25k a year on average over 12 years. With college, I attended a top private university that was another 45k or so a year, with no scholarships. They also offered to pay for medical school Or post grad if I went down that path which is another 70k a year (they didn’t have to since I had all my post grad covered by my company). All in for education alone you’re talking over a million per child. I absolutely intend to do the same for my children since it opened up so many doors, and I feel it’s my responsibility to pass on my good fortune. + +That being said that’s a tremendous amount of savings that would greatly chip away at my prospects of retiring early. I’m curious about: + +1. How much to you plan to spend/save for your child’s education? + +2. Do you think there are drawbacks to spending less on their education at certain points in their life (e.g. private school, post grad) +I've seen a lot of discussions here and there about people looking to "Barista FI" but not wanting to actually be in a food service industry, and I thought I'd share something from my industry as an option. + + + If you live near a luxury car dealership(Lexus, Audi, BMW, Benz, etc) they are usually always looking to hire delivery drivers for the sales and service departments. These drivers deliver cars to and from out of town, and even out of state customers. For instance, Bob lives 3hrs away from the dealership, but needs to bring his car in for service. Bob would rather pay for the dealer to bring him a loaner car, pick up his car, then return to swap cars again. + +The industry standard in most dealerships I've worked in seems to be older, retired men who just want to make a little extra money. But we search constantly for drivers because many of these people have very limited availability, so we try to keep a pool of drivers to choose from. Work is basically served up like a courier service, you tell us when you're available, we call when there's a delivery, you tell us if you can make it. You get paid for mileage on deliveries. For long distance out of town deliveries, some of our drivers make $160 in a day for a 6hr trip, but most make 100-150 per day, doing 2 shorter distance deliveries. You can listen to audio books, etc while driving. + +I just thought I'd share this, since it's not a well known job, but it is a position that's usually hiring at most dealers, and it has great earning potential for something where you could work as many or as few days as you'd like with tons of flexibility. + + A proper edit now that I'm at a computer: + + I'm not offering anyone a job, if you want to know if a dealer near you does this and is hiring, call them. + + + Most of these positions are not eligible for benefits, as others have pointed out. I was not aware there were part time positions that offered health insurance, so I didn't consider this a factor, but I'm adding this to ensure nobody goes into this EXPECTING benefits. Employment status and type is dependent on dealer, results will vary. + + You need a valid driver's license and clean driving record for at least the last 3 years to be considered, this is pretty standard but can vary. + + You can be employed as either an employee or a 1099 contractor. Most of my experience indicates the former, though as others pointed out that may be the minority, and likely is since i live in a small city and have worked for small dealers. There is a high likelihood your dealer will offer this as a 1099 position. + + This was never meant to be "here is a great way to get benefits in part time employment" and I didn't mean to lead anyone to believe that was the case. This was meant to alert people to an easy, laid back, super flexible job that pays well and has you dealing with nice people most of the time. + + + + + +I started investing back in 2013, when deals were much easier to be found. Even in 2016, I remember being one of a few friends who had started to invest in real estate. Is it just me or is the space extremely crowded right now, with everyone and their moms looking to invest? I would say 9 out of 10 people that I know have started to or are interested in real estate investing. And these people, for the most part, understand numbers and aren't over-leveraging on their deals. + +I know one school of thought is that there are market cycles and many investors that don't focus on fundamentals will be in trouble during the next major downturn. But a part of me thinks the space may be crowded for good and we'll see more competitive from this point going forward, regardless of any dips in the market. There are so many good resources online (eg. Biggerpockets) that have drilled the fundamentals into investors. + +Thoughts? +I am planning to create a few LLCs to hold the properties I own. Main reason is to limit the liability. + +I understand that during LLC filing I can assign an agent which could be companies like Legalzoom or other lawyers who will charge a fee to be the primary agent and would forward any mail they might receive for the LLC while my name would be completely off the record in the LLC registry database. My name will only be there for IRS and other tax filings which are not publicly searchable. + +My question is - when I buy or sell a property using that LLC, the deeds will show the LLC as the owner but someone will still need to sign the closing docs. To keep my name off the title deeds and other documents, who can I assign to sign the closing documents. Would that be my lawyer or some other agent that can be assigned for this purpose? +The Greek people should be outraged if their Government approves this. It would prove that their Prime Minister Tsipras is just a shill for the ECB and does not represent the Greek people who voted NO to the EU. To exchange Greek land and other assets and in return receive more debt based currencies to add to a debt they can't ever repay is suicide. #ThisIsACoup. +Bitcoin was started to help the people avoid Government controls over personal capital. The Genesis Block was released as the headlines across the world stated that Merkel bailed out the banks. Now 6 years later, Merkel demands the Greek's people property in return for more control by a group that the Greeks never elected or appointed. How did the world first democracy gave up their sovereignty for "economic security". We should all hope that there are still some free Greeks in Greece that will challenge this and would once again call to an end of their Debt based economy. + +Edit: source http://www.theguardian.com/business/2015/jul/13/athens-and-eurozone-agree-bailout-deal-for-greece +I went from zero savings to saving about £25,000 in two years thanks to a couple of promotions. + +I’m all too aware of inflation, and having never even had enough to contribute to my workplace pension I wanted to get started on building wealth at 31. + +I won’t be buying a property until I leave London. + +Anyway, I invested all of it and I’m down about 50%. + +I do believe in the companies - but I realise that as someone that grew up poor and has never had a pot to piss in: I can’t actually cope with the swings. I think about this shit day and night. + +So - are the there other solid ways to build wealth and just BEAT INFLATION? + +Savings accounts are out. Buy to let is out (higher rate tax player plus I don’t believe in it.) + +How the hell do I start again and preserve my money? + +EDIT: Majority is in Scottish Mortgage Investment Trust which is down circa 45%. +When I've tried telling my friends about what's going on they either just ignore me or laugh it off. They look around at the same things I do with inflation and housing and everything but don't see how it's caused by the greedy 1% + +Even on Reddit I post on the work reform subs and the Asian subs and it's either total silence or straight up hostility + +I don't even try mentioning GME on the stock subs because the backlash is wild + + +It's so hard to believe that even with all this DD and all the evidence people still refuse to see what's happening and refuse to risk losing a few hundred or thousands of dollars for potentially millions or billions or more. + +Guess some people would throw away the Golden Ticket even if they bit into it. + +Wild. + +Buy, Hodl, DRS +I want to know so I too can establish a moon base one day 🚀🚀🚀🚀🚀 + +&#x200B; + +https://preview.redd.it/l9kgda5oe3l51.png?width=1347&format=png&auto=webp&s=7da7d070177c4002eecc3339584afd0024fc9fa3 +I lost about $3.5k a year ago in an ill timed investment into APX. + +I watched the price go down down and I bought back in at $11.50, as my honest belief is that this company is going to turn a profit and that their services will be needed for years to come - as data is still data and AI is only as good as the data you feed it. That’s where Appen has a great product with clean, homogenised data sets. + +I was up $3.5k this week and I should have sold. I knew it and I was greedy. So now I’m another $1.5k ish in the red. + +I still think Appen is a good business so I’m not going to sell, but leadership just needs to do a better job of communicating to the market. Solid acquisition this week though so although I’m down right now, i think it’s shinier days ahead. + +My lesson this week has been, learn when to sell. Don’t be greedy. +Happy Monday All! + +With the potential cross roads approaching.. +I wanna get a better understanding why some of you are choosing one or the other. + + +And for those of us that arent trained (or dont believe) in TA, Line patterns aside, I would love to hear your logic/reasoning as to what's leading you there. + + +From what i can ascertain.. + + +**In the Team Bulls corner, We have:** + +* The Lowest unemployment rate in the market +* w/ Underemployment only falling by 0.1% +* $260 billion dollars of spending power put away by aussies as of jan this year +* According to commonwealth bank , the Us market/financial institutions having a positive/better view on our market than we do. +* A Decrease in petrol prices +* Another bumper crop record & Generally high commodity export prices, with soaring company profits even without china’s usual spending spree +* 70% of asx company earnings so far have either beaten or met their expectations on the current reporting season. +* An increase in migrant intake planned by govt +* huge investment opportunities for intl companies into our RE industry transition + +and from **the Team Bear's corner:** + +* Energy gas shortage +* Global and national inflation +* Rising business costs (albeit aussie businesses successfully finding ways around it) +* Stagnant wages +* Drop in house prices and residential building + +With USA and the UK about to get hit hard thanks to their own set of circumstances, how is Australia also doomed? Are we that linked/reliant on both markets? Australia fared better globally during the GFC, what makes this coming year worse/different? Im still on the fence with this one, but i figured if we all have jobs and strong commodities, w a better credit rating than the GFC, surely we can ride this coming bump out right? What am I missing? + + +\#sittingonthefence #BullsVsBears +With the rapid rise of ETH and BTC stabilizing over the past few hours - BTC has just fallen below 50% dominance for the first time since July 2018. + +One of the main reasons we look at Bitcoin Dominance is because it can help us understand if altcoins are in a downtrend or uptrend against BTC. + +1. When BTC Dominance increases, alts on the whole lose BTC value. +2. When BTC Dominance decreases, alts on the whole gain BTC value. + +In the past, declines in this indicator marked subsequent “altcoin seasons.” + +Could be a bullish few weeks for alts ahead! +My uncle recently passed away unexpectedly. He had named me as one of the beneficiaries of his 403(b) retirement account and I will be receiving quite a bit of money in the next few months (roughly $500,000 before taxes). I’m not making any decisions in the near term until emotions settle down but I’d love if folks could share suggestions on good investment strategies for the money or share personal experience with receiving a windfall and how you managed it. + +Some baseline information. I’m in my mid thirties, married, with one child. We’re in a pretty solid financial situation. Good jobs, no significant debt besides $150k mortgage, and have been maxing retirement contributions for years. Our employers do not allow contributions to our 401k above the personal max and the distributions will make us ineligible for IRA contributions for the foreseeable future. + +My initial plan is to roll the balance of the inheritance into an inherited IRA, distribute the balance as required over 10 years, and simply put the money back into investments via vanguard index funds until we decide what to do with the money. + +Normally, I’m comfortable with making riskier investments but we really want to protect this money and do something that honors him so we’re not likely to take any disproportionate risk with any investment choices. + +I appreciate any advice folks can offer. +I've see lots of flashy infographics and such saying if you start investing $450~ or so a month from 25 and on you'll retire a millionaire given average S&P500 returns. + +Given this is roughly $215k, can I just put a lump sum of $300k into the market on Tuesday, never put in another dime and retire with somewhere over 3 million dollars by the time I'm 65? +After minutes of research I found that Yahoo recommends this sub + +&#x200B; + +https://preview.redd.it/oxlxjyzf6w6a1.png?width=1205&format=png&auto=webp&s=e83386a645016f50a04aba9aeca8e10dfdd8a786 + +# Yahoo! - Best reddit crypto subs to join + +> r/cryptocurrency is at the top of the list because it is known for producing high-quality content created by top-level and highly skilled crypto specialists. Given the nature of the crypto world, which is overburdened with volatility in addition to being flooded with various crypto projects, it is critical to join a group where you can gain access to highly vetted market insight. + +Since you guys are top-level skilled crypto specialist and post highly vetted market insight, I have chosen this sub as my financial advisor. + +Biggest questions I have are + +* when should I buy? +* What should I buy? +* how do I stop losing money? + +I can't pay any of you guys with actual money, but reddit will reward you in it's own way. +So anyway I noticed the air has changed quite a bit in r/cryptocurrency. I am honestly wondering how many people changed their opinion on SafeMoon as a whole? Did they do exactly what you thought they would, is this a positive for you or a negative? What do you believe SafeMoon can improve on? Have you been a long time supporter or a recent supporter? For me a while back I remembered a lot of people was calling SafeMoon a rug pull, if you believe this is still then how come? If changed your mind then why? +&#x200B; + +https://preview.redd.it/dpu1id4r3im71.png?width=678&format=png&auto=webp&s=6831e91c3b1e0ec162aa0b0bab17eefcc4f8ec42 + +Hello Apes & Apettes, + +&#x200B; + +I understand the last 2 weeks have been filled with a lot of anticipation, and let's face it, not a lot happened. I'm a firm believer that the previous spikes/price movements that occurred earlier in the year have been a function of settling the rollover window of quarterly futures contracts. + +Now I think I have the why we didn't see the same price action during this window, and my hypothesis will go into depth on that. As usual, nothing here is financial advice, and my hypothesis could be wrong. The great thing about the scientific method is that it should eventually reach the truth. I am not asking anyone to debunk me, but rather if I am wrong, help me get this right. + +Some of this information is from previous [posts](https://www.reddit.com/r/Superstonk/comments/pdahbt/cmes_equity_total_return_swaps_counterparties_may/) of mine. 2 weeks ago I predicted the lack of action this window but I got downvoted to hell and was called FUD. I want to get as many eyes on this theory as possible and hopefully, help uncover the mechanics of what is going on. I also want to shout out to my buddy u/toxsic99 for helping me dig, and continue to find new stuff. + +**Hypothesis: The CME group is a counterparty to SHFs and is holding a giant bag for Memestock short positions. Additionally, the CFTC let them transfer those positions as realized losses would have significantly hurt the systematically important derivative clearinghouse.** + +A few weeks ago I stumbled upon some information regarding the Chicago Merchant Exchange Group (CME) that points to manipulation with Commodities Futures Trading Commission's (CFTC) stamp of approval. We will get to that. + +First, we need to investigate who the CME group is.... + +CME Group Inc. is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures. It has been designated as a Systemically Important Derivatives Clearing Organization (SIDCO). + +CME Clearing serves as the counterparty to every cleared transaction, becoming the buyer to each seller and the seller to each buyer, maintaining a matched book, and limiting the credit risk by guaranteeing the financial performance of both parties. In a bilateral system, each participant faces the concentrated, individual credit risk of the other party to the transaction. Satisfactory fulfillment of the transacted contract or agreement depends primarily on the creditworthiness and proper behavior of each individual party to each transaction. CME Clearing mitigates counterparty risk through becoming the counterparty to both sides of the transaction, while utilizing risk tools such as: the collection of a performance bond (also referred to as initial margin), daily mark-to-market cycles, and the collection of Guaranty Fund contributions, among other tools. By this mechanism, the concentrated credit risk of each transaction is transformed into a well-diversified and regulated risk supported by the financial safeguards system [Link on risk](https://www.cmegroup.com/clearing/files/financialsafeguards.pdf) + +Let's look at their performance bonds and Guaranty Funds for the past few years... [Link to quarterly reports](http://investor.cmegroup.com/sec-filings/sec-filing/10-k/0001156375-21-000020) + +[In the last few months, the Performance bonds and Guaranteed Funds have ballooned to $141 Billion Dollars. That is roughly a $104 Billion increase in 18 months. ](https://preview.redd.it/b2s895w92fm71.png?width=1029&format=png&auto=webp&s=c58d0dced2269fd7a2a51f229fb257900302e541) + +&#x200B; + +**What are performance bonds?** + +Performance bond requirements are good-faith deposits to mitigate non-financial performance on open positions, acting as an ex-ante risk-based tool to cover potential future exposures. Through CME CORE, a web-based tool, CME Clearing offers full transparency to market participants by giving them the ability to calculate and evaluate performance bond requirements for all products cleared by CME Clearing. CME Clearing permits Clearing Members to deposit performance bonds sufficient to cover their net exposures for their proprietary positions. CME Clearing calculates performance bond requirements for each customer, collecting gross performance bond for the aggregate cleared swap customer account and customer segregated account, for exchange-traded derivatives. + +&#x200B; + +https://preview.redd.it/xh09ughgjim71.png?width=299&format=png&auto=webp&s=9dfc480dc0c7ec4297bf619fb2940acbb7b633ae + +**TD/DR In the last 18 months, the value of the CME group's Performance Bonds/Gaurarentee Funds grew 381%. As these are used to mitigate risk in futures/swap contracts, it looks as 1 of 2 things have happened in the last couple of months** + +1. **Their current customers may have some increasingly risky positions, and the vast increase in these bonds/funds reflects that.** +2. **They may have had a significant increase in new customers and the increased bonds/funds are due to that** + +&#x200B; + +**Now let's look at the futures rollover window.** + +These are graphs that were previously posted that show a significant uptick in the price during rollover windows. It was predicted that we were to see another spike from August 27th until today Sept 9th. + +https://preview.redd.it/ckyczghxihm71.png?width=2206&format=png&auto=webp&s=03cbc208adfa4c4b4477f31c97cb77e8ff168463 + +https://preview.redd.it/7gsorcgwihm71.png?width=981&format=png&auto=webp&s=5625f3b9ad4f356fc11de70963d46b61bc2e9ecf + +Based on Criand's work on the futures swaps theory, it looks as if the previous price movements may be due to the settling of the change in the underlying positions of a swaps contract between SHF & the CME group (of whom Citadel is a large investor). + +In theory, those who have shorted GME heavily would have to settle the net change in the underlying position of the contract with the CME group, and they would have had to do so during these windows. If this theory is correct then this is why we have seen those large run-ups earlier this year. I speculate that a majority of the price action this year is due to this mechanism and that internalizers have basically neuralized any retail buying pressure. + +**The CFTC met with the CME group earlier this year regarding amending bankruptcy regulations.** [LINK](https://www.cftc.gov/LawRegulation/DoddFrankAct/ExternalMeetings/dfmeeting_091620_1724) + +For those who don't know the CFTC is the Commodities Futures Trading Commission is the governing body that ~~regulates~~ should be regulating swaps and futures. On paper, its mission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. They also met with members of the CME group earlier this year. + +https://preview.redd.it/ekecnutbkhm71.png?width=912&format=png&auto=webp&s=7bcd8d4607688b6c892c7d34a15bfdf3bd5f5e32 + +Now, why would the CME group want to discuss segregation and bankruptcy with the commodities futures trading commission? + +Well, I'm glad you asked! It looks like it may have been regarding the regulation of "transfer of trades and customer accounts" as the 2 connected for an amendment to those rules a couple of months later! + +**Transfer of Trades Amendment** + +On August 11th the CFTC sent a letter to Mr Chris Kirkpartrick of the CME regarding the implementation of a proposed amendment on the Transfer of Trades and Customer Accounts rules. + +This amendment discusses a new provision for a clearing member who wishes to manage the liquation and hedging of a defaulting customer. This clearing member has the contractual right to transfer the position. These amendments were effective at the beginning of the last rollover window (August 26th 2021) [LINK](https://www.cftc.gov/sites/default/files/filings/orgrules/21/08/rule081121cmedcm001.pdf) + +https://preview.redd.it/0pvdohtqjhm71.png?width=1013&format=png&auto=webp&s=45929183c5502e67fffd1492ea7f9b272e1197f3 + +What are the core principles of this amendment.... + +[ The CME is allowed to transfer the trade if the situation requires if it remedies a market disruption. Such a trade does not relieve the responsibility of the clearing member. ](https://preview.redd.it/f2zu1psrjhm71.png?width=1009&format=png&auto=webp&s=d41a34d30711d2a32f1360f4e773190df81eaf3b) + +&#x200B; + +Now if the price movement in the previous cycles were from settling the change of a futures position to the CME, if CME is now holding the positions due to the default of the counterparty it makes sense that we did not see any settling/price movement. + +**Conclusion: On the first day of the roll-over window, the CFTC adapted the rules to allow for the CME group to transfer the extremely bad meme stock short position, and to liquidate those who were to default due to it. As per the comment in the letter had they not transferred the position this SIDOC would incur significant losses. Due to margin requirements, I believe forced liquidation would have occurred and triggered the Moass. There is no such thing as coincidence here and this had to be in effect as the rollover window started. With the CME's counterparty liquidated there was no longer an obligation to settle the change in the position during the window.** + +**\*\*\*This doesn't change a thing. I for one just really like the stock. Congrats everyone on a great earnings report! All short positions eventually need to be closed. \*\*\*** + +**\*\*\*\*Also it would appear from new information that it might be possible that the deadline to roll out a futures contract could be the expiration date and not the roll date that is used on the** [**CME website**](https://www.cmegroup.com/trading/equity-index/rolldates.html)**. I still believe given the documentation above that the position was moved to delay the MOASS, but we shall see by the Sept 17th expiration date if there is any change.\*\*\*\*** + +**Cheers** + +&#x200B; + +**Discussion points** + +* If this theory is correct the short position has been moved. I believe it is fairly likely that the CME group is holding this position (who else would take it?). If this thesis is correct we may be able to see some evidence on their next quarterly report. +* To be honest there are clues that we may not see a spike in this window. The whole week after the price jumped on August 25th the MSM talked about options, and it was the only time in the entire year that they even mentioned options. It's clear that the narrative was to excite retail into buying in and sell those contracts at an inflated price. I think a lot of retail investors got burned. As a general rule I try to do the opposite of what the MSM media say, and it's done me pretty well. +* Secondly, the CFTC is suspect and to be honest, is probably a gigantic reason for this mess. The fact that they have limited reporting requirements for swaps until 2023 shows exactly whom they are protecting. Last week I filed some FOIA requests regarding the organization and will keep you all updated with what I get. +* RC if you happen to come across this why cant I buy a GME snapback on [Gamestop.ca](https://Gamestop.ca)? Come on man! +I share my thoughts every now and then on this forum. Especially every time we see a huge dip/crash. + +Every time, I have suggested HODLing as much as possible, and selling enough to cover one's needs - those could be either immediate needs or perceived emergency needs to cover the next 1/2/3 years. Beyond 3 years wouldn't be required in my opinion - the next bull cycle will start by then. + +I will be lying if I said that I didn't feel scared enough to sell a big chunk of my ETH today. The pain caused by massive unrealized gains evaporating, is always definitely greater than the pain caused by selling for a profit but too early, resulting in a much smaller profit than "what could have been". + +Today, I placed a limit order for a big amount of ETH. And then cancelled it before it got filled. That's the level of fear I felt. Yet, after I placed the order, I realized that what I was doing was of little faith and a lot of stupidity. Luckily, I was able to cancel the order. + +I know that many of you are in a similar boat. I know very well the pressures that you're feeling right now. This is nothing new to us who've been around a little while longer than those of you who've just entered this investment sector. Still, it gets to us every single time. + +So, I just told you what I did today - and with that newfound conviction, I'm telling you all yet again - STFU and HODL. HODL till the next bull cycle. ETH is not going anywhere. It's here to stay. Its so called killers have been crashing and burning in daily operations (hint: SOL). I'm a Distributed Systems (ahem) expert (can't help feeling lousy calling myself an expert, it's a common thing among all software professionals, it's called Impostor Syndrome). I've worked in the blockchain field quite a bit. I've actually invented a new consensus protocol. Having done all that, I really know what ETH is. It is very, very, superior in terms of design. It's the best we've got. It'll be the king of Payments and settlements in future (if it isn't already). ETH IS the future. + +So, STFU and HODL it if you still have it. Don't fall for any uncertainty. You'll kick yourself later if you do. Yes, it'll mean we all have to still mine that fiat till then. Regardless of what level we are in an org, we still have to hear nags and scoldings and there'll be moments of us getting enraged and wanting to "fuck it all and leave". Alas, the current world structure is very exploitative. Colleagues slit each others' throats for a few dollars of raise and/or bonus and/or stock grants. There are so many who're struggling to live on minimum wage. Nobody cares enough to ask them "have you eaten anything today?". Nobody. People among us who at least get to mine fiat (aka salary), are better placed than those less fortunate brothers and sisters of ours. + +We need to HODL. For ourselves, for our children, and for that one chance to get out of this slavery and create a new world order where we can be the employers that we always wanted. Where people can smile again at work and needn't kill themselves just because their bosses want nothing less than an increase in their personal net worths. + +To end, here's my assessment of the current situation. + +1. ETH 2.0 is slated for July. That is heavily bullish. +2. Fed is going to increase rates. That is bearish. Badly bearish. +3. Looks like Russia will invade Ukraine. That's bearish for the short term. Next 6 months will be a time of max pain. Bearish. +4. The US govt isn't changing any of the previous govt's immigration policies. Those immigrants who're stuck outside of the US may be looking at a high chance of not being able to get back. For them, the next 6 months will be a bearish time. +5. This bull cycle didn't reach its full potential so to speak. Its graph indicates so and points to an elongated cycle. This is bearish in the short term, and bullish in the long term. + +&#x200B; + +To me, all indicators are bearish for the next 6 months. This will very well mean that in the worst case, it will remain bearish or grow upward very slowly for the next 3 years. + +So, if you have to ABSOLUTELY sell some ETH now, in order to live, pay for medical expenses, pay for rent or mortgage, sell the least minimum possible, OR, hunker down, reduce expenses, and try to mine fiat as much as you can. And wait for 3 years. If good stuff happens well before the 3 years, great, we can all be happy. But we have to hope for the best and expect the worst. + +I am telling you what I'm following for myself. That's the honorable thing I can do for you. Let's hope for the best outcome for all of us. + +May the Goddess of Fortune smile on us all! +Some people are spreading FUD that once Merge occurs, massive unstaking will occur, leading to massive dumping of ETH. This is totally false! + +After the Merge, the ETH is still locked after the merge for at least 6-12 months. + +And people may not even want to unstake --- the transaction fees will go to the stakers, and this is expected to be lucrative! + +Source: [https://ethereum.org/en/upgrades/merge/](https://ethereum.org/en/upgrades/merge/) + +### Misconception: "You can withdraw staked ETH once The Merge occurs." + +False. Staking withdrawals are not yet enabled with The Merge. The following Shanghai upgrade will enable staking withdrawals. + +Staked ETH, staking rewards to date, and newly issued ETH immediately after The Merge will still be locked on the Beacon Chain without the ability to withdraw. + +Withdrawals are planned for the Shanghai upgrade, the next major upgrade following The Merge. **This means that newly issued ETH, though accumulating on the Beacon Chain, will remain locked and illiquid for at least 6-12 months following The Merge.** +Currently have 11L in savings (including FDs and mutual funds) and I have ro furnish approx 14 L in order to get my student visa (tuition + GIC). + +In order to get a loan, I will have to have 2 co-applicants to show their ITRs of at least 2 years. + +The problem is that my parents (now retired) worked in the gulf so they never filed ITRs before. We don't have property to show but we do have other assets. + +Is it possible to get a education loan just by showing money in bank (FDs, MFs) etc? +My dad purchased a two wheeler via a two wheeler loan. But we want to change the bank account since the minimum balance for maintaining the account is very high (10k INR). Is it possible to change bank accounts while we still pay the EMI? Or I have no other option but to stick to the current bank until the loan gets paid? +First we need to understand why FT did an unprecedented move with its 6 debt funds. It was well known that these funds chase returns. And for the best part of last decade they did give very good returns. They did this by investing in risky papers i.e. credit risk. If there was no corona pandemic, odds are these funds would have been just fine + +However due to the ongoing liquidity crisis and systemic failure of the economy, many debt funds have been seeing lot of redemptions over the last 2 months. So much that the funds have to borrow cash just to honor redemptions. However as per regulations funds can only borrow upto a limit. After this, they have to sell the bonds, which is not easy at all. + +So we can reasonably find out which funds across AMCs have been borrowing cash to fulfull redemptions. Go to the monthly disclosures of the AMCs and then download the march 31 2020 portfolio. In this sheet, on each fund in the bottom you can find "Net Current Assets/(Liabilities)". Where this is a negative figure, the funds are in trouble. Remember these are from 31st march 2020, so now the situation would be more dire after a whole month of economic disruption + +Some of the funds I could just now find are : + +Kotak Savings Fund : Net Current Assets/(Liabilities) of -7.48 + +Kotak Corporate Bond Fund : Net Current Assets/(Liabilities) of -6.56 + + +I could just check this AMC as I had the sheet right away. If you find other funds, let me know I will update them + + +BEIJING (Reuters) - China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. + +— + +China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-U.S. trade war gets longer and costlier, fuelling worries of a global recession. + +— + +more: + +https://reut.rs/2JMquSJ +I never dreamed I would have this much money at my age. I grew up in a low-income household in the south. I spent a few years in a single parent home. I remember sharing a bunk bed with my younger sibling in a 700 sq foot apartment. I remember constantly worrying about money. + +I still worry about money. A recent post talked about anxiety with money, and it described me perfectly. I still look at prices before ordering food at a restaurant. I still work multiple jobs to increase my income. Although I struggle with anxiety, I hope my story can provide some inspiration. + +I read my first personal finance book at age 10, Rich Dad, Poor Dad. I knew two things: I was poor and didn't want to stay that way. + +I married my wife several years ago right out of college. I attended college at a location where I could graduate with minimal debt. We graduated with about 20K in student loans. We lived with my parents and paid off our loans in a few months. In 2013, we were making 75K combined between both of us. We bought a conservative house based on our income (Cost of 189K). One of my only regrets is not buying a bigger house in 2013. (I was convinced we were about to have another recession.) + +In the past five years, I went from a -20K net worth to 200K. We had two kids during this time, and my wife stays home with our children now. I know most posts on this sub display the extremes of people trying to reach FI ASAP. I know having children early in life is not an ideal financial decision. I know I am losing income by having my wife stay home. However, I still built a sizeable war chest with these factors. + +My current net worth is 160K in investments and 40K of home equity. I only have 50K in my 401(k), the rest are in a brokerage account or in Roth IRA's. I know this is not the typical path, but I think most people of the FI community focus too much on "saving money on taxes." My effective tax rate was below 10% for most of my career so far. I'd rather have 90K of money I'd already paid taxes on than 100K of money in a 401(k). + +I have been promoted multiple times at work. I work for a large company with great potential. I also live in a LCOL area with a 20 minute commute. I work as a freelancer on the side in addition to my day job. Since 2013, I have increased my income from 40K to 95K. I am in line to get another promotion in the next year or so which will increase my income to 110K. I do not plan to enhance my lifestyle once I get another promotion. Working at a growing company is an excellent way to boost a career. Much easier to get promoted when your company is making money. + +My plan is to quit corporate life once I hit 500K or 600k. My projections currently have this point around the age of 33 - 35 depending on the input rate of return. I want to continue working on my own accord at that point. Maybe some freelancing, maybe some Barista FIRE. I just don't want to sit in a cubicle my whole life. + +I know this is not the most exciting story to read, but I am happy to answer any questions. I also know 200K at 27 is not the most impressive number on this sub. However, if I can make it to this point at this age, anybody can with enough forward planning. Happy to answer any questions. I don't live on my phone, so there may be a few hour delay in my responses. +Bitcoin maximalists are people who believe Bitcoin is the only cryptocurrency that will succeed and call all other coins “shitcoins”. They degrade and insult any newcomer that shows even a little bit of interest in any other altcoin. They call people holding anything other than Bitcoin “shitcoiners”. + +Really? Absolutely no other technology will have any utility other than Bitcoin? Nothing? Smart contracts have absolutely no value? The fact that you can have programmable money has no value? DeFi and providing liquidity to millions of unbanked people has no value? NFTs have no value? Come on. + +I think this is a very closed-minded and insecure mentality. It really feels like a cult. If the slightest mention of any coin other than BTC triggers you so much that you have to resort to name calling, it’s really telling of your intellect and position. I think it’s hilarious that you can’t even admit some of the obvious shortcomings in Bitcoin and some of the innovations of other coins. “Peer to peer electronic cash”. Lol. There is such a vast ecosystem out there and this cultish behavior just stifles adoption and scares away a lot of newcomers. + +Don’t get me wrong, I’m not saying Bitcoin is bad or will fail- I love BTC and want it to succeed. I’m just annoyed at the closed mindedness and cultish behavior. This is not a zero-sum winner takes all game. Multiple coins can exist and serve multiple use cases. + +These people are mainly notoriously active on Twitter and a new social media app called Clubhouse. The recent drama with [Lex Fridman](https://youtu.be/yB5WGV4zlgw) really opened my eyes to how toxic this community is. I think Lex is a great guy who often spreads love and positivity and they even managed to vilify him lol. I would love for the cryptocurrency community to be much more accepting and put forward thoughtful arguments instead of resorting to insults. + +tl;dr - Bitcoin maximalism is a toxic insecure cult that can’t handle any other coin seeing success and they spread unnecessary negativity in the crypto community. + +Edit: lol some butthurt people are downvoting this thread and all the comments under it hard. + +Edit 2 : here are some links of some of the assholery on Twitter since some were asking [link](https://twitter.com/apompliano/status/1376300966396452872?s=21), [link](https://twitter.com/excellion/status/1377889241200353282?s=21), [link](https://twitter.com/btcklausschwab/status/1377060728201482240?s=21), [link](https://twitter.com/bitcointina/status/1373601736670261251?s=21), [link ](https://twitter.com/chrisknight407/status/1378008661616902155?s=21), [link ](https://twitter.com/chrisknight407/status/1376246533436366854?s=21), [link](https://twitter.com/americanhodl3/status/1377022078960889858?s=21). + +Edit 3: A lot of salty maxis in the comments are equating this post to a “I hate Bitcoin” rant. Please read it again. I love Bitcoin. I love the philosophy and revolution. I want it to succeed. I want us to be on the Bitcoin standard. I’m just calling out the unnecessary negativity and elitism of a few people that seem to represent the crypto community on other platforms like Clubhouse and Twitter. All I’m saying is that it’s not a zero sum game. There are many other use-cases in the financial world that other projects can satisfy that Bitcoin couldn’t. And that’s okay. We can all win. +Hi, I created an option trading algorithm and have been paper trading it for some months with good results. an actual backtesting is hard, as I don't have very good sources for daily option prices. The strategy at its core is very simple and is very risk defined. + +Given historical movements of an ETF (only trades ETFs) it calculates a confidence interval of 80% of where the stock could be in X days. it then sells 1$-wide iron condor where the max profit is at least 40$ (hence max loss would be at most 60$, being these 1$-wide). so, if my confidence interval is really correct, I'd presumably win 80% of the times, and the overall strategy would overall have a very positive outcome. + +Now, clearly it all boils down on how good is the algorithm at predicting the 80% confidence interval, but the 40/60 payout structure would allow my prediction some room to be wrong and still be positive overall. And the reason why I am only trading ETFs is because these confidence intervals can be assessed more reliably. I am currently testing it with expiration dates anywhere from 1 day to 1 month. + +Another thing I am planning to add is some diversifying mechanism so that I'll buy options across less-related underlying equities (commodities, metals, SP500, technology, bonds, etc). + +What do you guys think about this? Am I missing something glaring that makes this unfeasible? I am planning to start using this strategy in the next couple of weeks. +Okay, maybe saying "no one" is a little extreme, but it seems rarely talked about. I am referring to when you apply or backtest a trading algorithm with configurable parameters, instead of hand-picking the parameter values, the more formal process is to automate the parameter optimization (i.e., finding the parameter value set(s) that most minimized the loss function). Assume you are applying it the right way, such as backtesting with forward testing or hold-out set to avoid overfitting. + +Am I missing something here? +This probably won't be a very popular post, but I feel as if it should be mentioned anyway. I haven't been posting/lurking in any of the FIRE subs lately because I've been busy battling cancer for the majority of the year. I'm only in my 40's, but like my spouse has said, nobody ever expects to get cancer, so it's a real shock to everyone who faces it. The reason I'm putting this out there, is that it's crazy how your perspective on FIRE changes when you are fighting for your life. Don't get me wrong, I still hope to successfully FIRE after a few more years. But I realized that the old cliche which goes something like, "if you don't have your health, then you don't have anything" certainly rings true. Nobody is invincible. In a scenario like this, money and financial plans become much less meaningful in life. Maybe my Mom and Dad were onto something back in the day when they used to say that your health and happiness is more important than money. This was my first point. My second point, is that we shouldn't forget to budget for healthcare emergencies in our FIRE plans! Best of luck, and take care. + + +We want to make an offer on a house (first time buyers), the advice I've gleaned from Reddit and from our conveyancer is that we should make the offer subject to building and pest inspection done to our satisfaction (rather than just conditional on a building inspection) otherwise our only way to back out if anything is found is if the inspector grades it as a major issue. The REA has flat out refused our attempt to get this condition added to the contract. + +I'm confused as to why so many people suggested it and my conveyancer also suggested it but the REA acted like it was a completely unreasonable request. The REA has been pretty good to deal with otherwise and I guess they might just be acting on direction of the vendor (which is maybe a red flag). + +For others who've done this, did you get the same push back and did you just have to hold firm? We really like the property but are willing to walk away if we don't feel confident about the condition of the house. + +Thanks for any tips from anyone who has any experience with this :) + +Edit to add: we're in Melbourne, looking to buy in inner west +I get it. His diamond balls are impressive. When they slap you in the face they leave craters that look like bad acne scarring. When he fucks your wife before you do then it feels like you're thrusting air. But if we put him too far on a pedestal then it's gonna do a few things: + +1) He'll have to be careful about everything he posts due to heightened reactions + +2) It will make the sub look like a collective mind, which we're not + +We do not have a leader, we do not follow a single person. We're just a collective of retards. That being said, DFV you still have an open invitation to bang my wife anytime, but I get to watch from a distance. +EDIT: some people had a problem with my claim about how the high institutional ownership is indicative of naked shorting so I rephrased that part. Although, I think it's unlikely institutional ownership can be as high as it is without the presence of naked shorting, and this does not even factor in retail ownership. + +I originally wrote this up as a 29-slide powerpoint presentation to explain GME to my boomer parents who only invest in index funds, but I decided to convert it to a reddit post because I think it would be useful to new apes or people who wish to see some key DD in one place. I also took out some content about DFV that's widely known by the community here. Anyway: + +# The Big Picture DD + +This is a **comprehensive** due diligence intended to be both wide-reaching and approachable, but there are some concepts later on that may require more advanced knowledge. + +some disclaimers: + +• To the best of my knowledge, the information presented is accurate, although I am not infallible and neither are my sources. + +• I am not a financial advisor and this is not investment advice. + +# Gamestop news prior to Jan. 2021 + +&#x200B; + +https://preview.redd.it/3s2pl2d1qut61.png?width=2484&format=png&auto=webp&s=109071482185654f0bb39c78ffe1be5ef3712bea + +&#x200B; + +https://preview.redd.it/bskciot3qut61.png?width=1656&format=png&auto=webp&s=c4d65f2c16b430a9ed9779a2fa7a93c36116ee5f + +&#x200B; + +https://preview.redd.it/m0b2e285qut61.png?width=1490&format=png&auto=webp&s=d20c2734bb146827886569a64752017212a9f139 + +# Where we are now: + +&#x200B; + +[RC has hand-selected a dream team at Gamestop!](https://preview.redd.it/ea5bo3d8qut61.png?width=1376&format=png&auto=webp&s=e471f6a2518ec98a8d06d576a0fc772786d866fb) + +&#x200B; + +[No more debt!](https://preview.redd.it/jxxf3hhcqut61.png?width=2054&format=png&auto=webp&s=45d9369dfac32e45b217e797313abfd96954c09a) + +# Why does the debt repayment matter? + +• The bear thesis of Gamestop imminent bankruptcy is **dead.** + +• The junk bonds held some concerning clauses, now the takeout opens the gate for many profitable opportunities ahead. + +&#x200B; + +https://preview.redd.it/j11ebgmpqut61.png?width=1188&format=png&auto=webp&s=5986207eb234af44c645ed43a5a0ecc0c759e934 + +&#x200B; + +[From DOMO Capital Management. Key takeaways underlined in red.](https://preview.redd.it/w7w3471xqut61.jpg?width=1164&format=pjpg&auto=webp&s=c13eac6b5444155f1198dfa7f962843e0e93d8be) + +* Debt repayment provides flexibility, allowing Gamestop to engage in mergers, make better use of their real estate assets, and perhaps most importantly: **declare a dividend.** +* The importance of the dividend will be covered in greater depth during the short theory section. + +# DFV has quadrupled down since the congressional hearing in Feb. + +He easily could have sold his options and/or held onto cash but **he didn't.** Bullish af. + +&#x200B; + +https://preview.redd.it/wktwfbhkyut61.jpg?width=500&format=pjpg&auto=webp&s=0d05cf886340be20f87b4e0679ba2a929808cccd + +# Gamestop: the big short squeeze theory + +Why the stock holds more than long-term potential and a comprehensive list of strong signals that Gamestop is headed for a short squeeze of unprecedented volatility: + +# Other major short squeezes and their SI%, other stats + +VW squeeze in 2008 + +* “On 28 October 2008 a short squeeze on Volkswagen stock propelled this car maker tobecome the **world's most valuable company for a day.”** +* “In 2008, short sellers had shorted **13% of Volkswagen** (VW) shares... betting the stock wouldtank because it was too expensive. (At the time, VW traded at 19 times earnings—” +* “On October 26, 2008, Porsche announced that it had bought enough stock and options to control 74% of Volkswagen’s shares. twice that of its competitors.)” +* “Another firm, Northern Saxony, held 20% of the company... It wasn’t selling. Passive index funds owned another 6%, and they couldn’t sell shares either.” +* **“Combined, they accounted for 100% of VW shares...** So as soon as Porsche exercised its options, there would be no shares left for short sellers to buy to cover their positions.” + +TSLA squeeze in 2019 – 2020 + +&#x200B; + +* “Many of Tesla’s short sellers have closed out their positions over the course of 2020, with **short interest falling to less than 6% of the float from nearly 20%** a year ago, according to S3 data.” +* **“With shares up over 730%, Tesla bears have seen more than $38 billion in mark-to- market losses this year**, according to data from S3 Partners. By comparison, the next- biggest loss for short sellers was on Apple Inc., at just under $7 billion, S3 data shows.” + +# Why didn’t Gamestop squeeze in Jan. 2021? + +* Gamestop reached an intraday high of $483 on January 28th The options activity was extremely aggressive this week as far OTM options needed to be hedged by market makers, retail FOMO, and media hype fueled mass-buying as the stock continued to multiply in price. +* Then, major retail brokerages including Robinhood halted and restricted the **buying** of GME shares, artificially decreasing buy volume. The stock plummeted below $100 in a few days and below $40 over the following weeks. +* One particular hedge fund, Melvin Capital, had run out of liquidity during the price surge of Jan 28 and was likely on the verge of being margin called until.... +* “**GameStop short-seller \[Melvin Capital\] down 30% this year gets $2.8 billion bailout from the firms of billionaire investors Steve Cohen and Ken Griffin \[at Citadel\].”** +* Why would Citadel inject funds into a struggling hedge fund? Likely because the margin calling of this fund would have added jet fuel to GME rocket and collapsed all other shorts with it as they are forced to exit their short positions one by one. The shorts *must* work together or the entire house of cards will fall, leaving behind the biggest bag of financial shit of all time on the DTCC’s desk. +* Abusive shorting, the restriction of buying, and aggressive negative MSM campaigns drove a narrative that Gamestop was simply a pump-and-dump meme stock of little value and that the short squeeze was over. + +# But wasn’t that the squeeze? Short interest dropped off too! + +* Market makers and players on the short side of this bet have ways of **hiding the true short interest of stocks.** To summarize the main methods they use: +* Market makers buy deep-ITM call options to reset their FTDs (failures to deliver, aka shares owed to the institutions lending shares to short that are due to be returned at recurring deadlines, see the link for more FTD stats). [https://wherearetheshares.com/](https://wherearetheshares.com/) +* Exchange-traded funds holding Gamestop have been aggressively shorted. ETFs are meant to be passively held funds, and iborrowdesk has shown consistent shorting of **ALL ETFs holding GME.** +* Shady brokers have been diverting retail buying through dark pools in order to suppress buying pressure on the stock to keep the price artificially low. They then dump sell orders on the open market to drop the price. +* “Dark pools are exchange forums that replicate open stock exchanges, closed off to the public designed to hide institutional trading intent. In other words, by Gary Gensler himself, dark pools are designed to lack regulation, transparency and the light of transparency must be shone upon them” - u/umu68 +* Bloomberg terminals indicate >140% institutional ownership of GME. This is difficult to achieve without naked short-selling, essentially selling a synthetic share that isn’t supposed to exist, creating new shares in the process. Gamestop is supposed to have 70 million shares outstanding issued by the company itself. Many signs point that the number of synthetic shares far exceed the total of outstanding shares. +* DD for Deep ITM calls: [https://www.reddit.com/r/GME/comments/m05jed/mystery\_solved\_the\_deep\_itm\_calls\_are\_coming\_from/](https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/) +* DD for Dark Pools: [https://www.reddit.com/r/Superstonk/comments/movevb/dance\_of\_darkness\_the\_sec\_and\_dark\_pools/](https://www.reddit.com/r/Superstonk/comments/movevb/dance_of_darkness_the_sec_and_dark_pools/) +* DD for ETF shorting: [https://www.reddit.com/r/GME/comments/ls830a/found\_the\_reason\_for\_the\_dip\_they\_are\_shorting/](https://www.reddit.com/r/GME/comments/ls830a/found_the_reason_for_the_dip_they_are_shorting/) +* Bloomberg terminal of institutional ownership: [https://www.reddit.com/r/stocks/comments/le7syu/gme\_institutions\_hold\_177\_of\_float/](https://www.reddit.com/r/stocks/comments/le7syu/gme_institutions_hold_177_of_float/) + +# Damn, that’s a lot of shady shit. Why can’t they just do that indefinitely...aggressively short to always keep the price down? + +Hedge funds have been abusive shorting over the decades, and they HAVE been getting away with it indefinitely, and Gamestop was their bankruptcy jackpot. But now, there are some key differences: + +**Retail investors own the float. Institutional and insider ownership have been squeezing them for much longer than January of 2021, starting as early as last year’s annual meeting with share recalls. RC’s 9 mil stake purchase in 2020 put even more pressure on shorts.** + +* Insiders & Institutions own > 100% of the outstanding shares, even evidenced on the Gamestop website itself. + * [https://news.gamestop.com/stock-information/institutional-ownership](https://news.gamestop.com/stock-information/institutional-ownership) +* DISCLAIMER: This post is highly speculative in nature. The only people who can know how much of the float is owned by retail investors are the ones on the short side of this bet who know their own positions. + * [https://www.reddit.com/r/GME/comments/m6vbay/etoro\_has\_20mil\_users\_905\_of\_them\_is\_invested\_in/](https://www.reddit.com/r/GME/comments/m6vbay/etoro_has_20mil_users_905_of_them_is_invested_in/) +* The post above indicates that roughly 2 million Etoro users have bought GME. Across other major US retail-oriented brokerages, similar rates of retail ownership could be estimated with high user counts. The average number of shares per user can be speculated to be 5/user, 10/user, 20/user, and beyond in order to estimate the SI%. It is purely speculative though, but for example, if 10 million Americans own GME and the average shareholder has 20 shares, that is 200 million shares, or nearly 3x the outstanding shares, NOT including institutions or insiders. +* Users on Fidelity are placing >75% ratio of buying to selling orders. This signals extremely bullish retail sentiment. (Important: these ratios do not indicate the quantity of buy/sell orders, but this ratio has remained consistently very high). + * [https://www.reddit.com/r/wallstreetbets/comments/lajjs2/almost\_75\_of\_all\_retail\_gme\_orders\_were\_to\_buy/](https://www.reddit.com/r/wallstreetbets/comments/lajjs2/almost_75_of_all_retail_gme_orders_were_to_buy/) + * [https://www.reddit.com/r/GME/comments/msyhlq/fidelity\_users\_purchased\_about\_61\_million\_more/](https://www.reddit.com/r/GME/comments/msyhlq/fidelity_users_purchased_about_61_million_more/) + +# Remember the VW squeeze info? + +* VW squeezed to become the most valuable company for one day on only 13% short interest. This was largely achievable because about 100% of the float was being held by companies and institutions long on VW, drying up the market liquidity, making it extremely difficult for shorts to cover and pumping the stock to infinity and beyond. +* We’re in a similar situation with Gamestop at institutional ownership exceeding 140%, not including retail ownership, ETFs shorting, or other maneuvers market makers/hedge funds have used to hide their positions. +* So the float is overwhelmingly held by passive funds and insiders who are **RESTRICTED** as to when they can trade shares... Sounds like a nightmare liquidity situation for shorts who could owe hundreds of millions of naked shares. Even with absolutely massive retail panic selling, the amount of GME float choked by institutions and insiders alone could drive an extremely powerful squeeze far greater than the VW squeeze, with SI% being at unfathomable, systemically questionable levels that compromise the stability of US markets as a whole. +* The thing is, retail investors like the stock. They REALLY like the stock. They don’t want to sell either. +* **So the short interest is likely greater than 300-500% (based on institutional ownership knowns, retail ownership estimates, missing FTDs, ITM options hiding of SI%) and nobody is selling. What could possibly go wrong?** + +# Now that we know our rocket is primed let’s outline the potential catalysts for liftoff + +* As mentioned before, now that Gamestop has paid off its junk bonds, it can now issue a **dividend.** And likely a crypto dividend. This is really, *really* bullish news and gone over in greater depth in dividend section. +* The DTCC (Depository Trust & Clearing Corporation) is a $60 trillion dollar company that settles almost every security transaction in the United States. "DTCC is a holding company of DTC, FICC and NSCC...**DTCC common shareholders include approximately 362 banks, broker-dealers, mutual funds and other companies in the financial services industry participating in one or more of DTCC’s clearing agency subsidiaries, including NSCC.”** – US treasury gov website. +* Why does the DTCC matter? **The DTCC has passed several regulations in the recent couple of months that when acted upon at any time, could trigger a squeeze.** And unlike the SEC, the DTCC has incentive to enforce these rules because when Citadel and other hedge funds implode from their reckless activity, the DTCC will be left holding the bag. They want to reduce the weight of it if possible. +* **Share recall for the annual meeting.** This particular catalyst is imminent, as the deadline to recall looms closer. For shareholders to vote in the annual meeting, they must recall their shares from the players who are borrowing them to short sell. +* Any positive news: “RC is the new CEO!” “DFV just went all in!” “Gamestop announces new crypto coin dividend!” + +# Crypto Dividend + +https://preview.redd.it/lsbhojusvut61.png?width=958&format=png&auto=webp&s=b9051487f46875c8b372559d28ba902d2595a901 + +* [https://www.reddit.com/r/GME/comments/mqbu5a/gme\_possible\_overstock\_20\_overstock\_issued/](https://www.reddit.com/r/GME/comments/mqbu5a/gme_possible_overstock_20_overstock_issued/) +* How does a share dividend work? Shareholders get paid the dividend, whether its $1 per share $5 per share. **But shorts do not receive a dividend, in fact they have to PAY the dividend per share**. And since shorts have sold potentially hundreds of millions of shares, they’ll have to pay dividends on all of those holdings. +* Overstock was being abusively shorted and the CEO issued a crypto dividend. The stock hovered in the $3 range in March of 2020, only to squeeze to $128 later that year after issuing a crypto dividend. +* In the words of u/Stupiddum: "Overstock didnt just issue *any* dividend the issued a fucking **CryptoDividend** By doing this they FORCED a share cover... In a normal dividend they can just credit the amount to the account boom\* bam\* done.. with a cryptodividend they reside in the blockchain.. and the only way to receive said dividend is to have that physical share. " +* Crypto Dividend signals company strength, acknowledges the shorts, increases the stock price, and forces shorts to cover unlike a cash dividend. The coin would increase sales and company growth, increasing the brand value of Gamestop as a ‘tech stock.’ Any shares that are not being held by the lender will have to be returned in order to cash out on the dividend. Many if not most of GME’s shares are being lent out and will have to be repurchased in order for the stock owners to receive their dividend. + +# DTCC Rules for Dummies + +* All credit goes to u/Antioch_Orontes read this DD if you want an ELIAPE explanation for all of the recent DTC, NSCC, and OCC filings. +* [https://www.reddit.com/r/Superstonk/comments/msh5mt/a\_brief\_overview\_of\_recent\_filings\_from\_the\_dtc/](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/) +* The amount of rules that pertain to the market loopholes we’re witnessing hedge funds use to manipulate $GME shows that the DTCC is well-aware of the mess looming around the corner. They want to shrink the bag they’ll be holding when Citadel goes under. + +# Ok so GME is a ticking time bomb waiting to blow up... what are the broader market implications of a squeeze? + +I’m so glad you asked! + +# The Everything Short – by u/atobitt + +* Nothing I can write here will truly replace a full reading of this post. It covers the systemic risk that Citadel and other institutions have imposed on U.S. markets via abusive short selling U.S. treasury securities. I’ve included u/atobitt’s key parts for condensed reading but the full post is a worthy read. +* [https://www.reddit.com/r/GME/comments/mgucv2/the\_everything\_short/](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +* I'm sure most dedicated APES have read The Everything Short DD, but if you haven't I would say it is the single most important DD to read on this sub. I have personally read it 3-4 times and there are some components that go over my head but essentially: + * Citadel has abusively shorted the U.S. treasuries market to oblivion the same way they've shorted stocks. They use the repo market as a money printer, but now liquidity is drying up and now they're desperate to buy bonds, with a major squeeze signaled in the U.S. Treasury market to come. + +# Jerome Powell’s Recent 60 Minutes Interview + +* [https://www.youtube.com/watch?v=FOm1JM-yxNU](https://www.youtube.com/watch?v=FOm1JM-yxNU) + +Watch this 2 and a half minute video until the end. Notice JP’s body language change for the last question and listen to his careful word choice. + +The interviewer asks questions about what happened to Archegos and the affected institutions that lost big. Could an event like this happen again? Hmmmm... + +# New SEC Rule coincides with record-shattering bond selling + +&#x200B; + +https://preview.redd.it/b6rnd3ynxut61.png?width=2130&format=png&auto=webp&s=ada60ae1e755af8be2757417a54dd68304c5ae03 + +&#x200B; + +[ ](https://preview.redd.it/69acnknoxut61.png?width=1156&format=png&auto=webp&s=890d6e84b11af65e84e693d963fb7832e3eac132) + +* On April 15th, news broke that JPMorgan sold $13bil in bonds to break records and only the next day does BOFA come in and shatter that record with $15bil bond deal. +* All of this coincides with a new sec ruling: + * [https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm\_medium=email&utm\_source=govdelivery](https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery) +* “SEC rolling out the hits today - Brokers that lend out a customers shares must ensure they have enough capital to cover the customers shares” + * [https://www.reddit.com/r/Superstonk/comments/msaqew/sec\_rolling\_out\_the\_hits\_today\_brokers\_that\_lend/](https://www.reddit.com/r/Superstonk/comments/msaqew/sec_rolling_out_the_hits_today_brokers_that_lend/) +* **This rule is to be implemented on 4/22/21. This means lenders have until this date to secure additional capital or else risk being margin called and liquidated**, triggering a chain reaction that could lead to wide-spread institutional collapse. +* If shorts do not have the capital to cover their positions, they must either raise capital or close out of some of these positions, but they can’t close out of these positions without the security prices spiraling out of their control. Game over. +* Wow... the SEC is actually cracking down on these guys? Yes that’s thanks to **Gary Gensler, recently appointed chairman of the SEC. About him: “Progressives expect him to look into digital currencies, the GameStop trading mania and how corporate America prioritizes environmental, social and governance issues.”** + * [**https://www.cnbc.com/2021/04/14/gary-gensler-confirmed-to-lead-the-sec.html**](https://www.cnbc.com/2021/04/14/gary-gensler-confirmed-to-lead-the-sec.html) + +# What’s going to happen to our economy? What about my life savings and 401k? + +# I just read The Everything Short and I’m terrified to say the least. + +Me too. + +There will be collateral damage. It’s important to not twist the narrative when the house of cards falls. It was rampant greed and the reckless abuse of short-selling by major institutions that have imposed high risk on U.S. markets, not retail investors. + +My biggest hope is that our populace will become more educated about markets as a result and that increased market transparency via new technology and increased regulation efforts will guide us toward a fairer economy after the inevitable occurs. + +In the meantime: can’t stop. Won’t stop. Gamestop. +I've been using MakerDAO for a couple weeks now and have been locking up my ETH as collateral to make some profits. + +Their **System Collateralization Ratio** has been very consistent the last couple weeks. Personally, I have been withdrawing some DAI while prices have gone up, and used the DAI purchased to re-buy ETH and repeat. + +&#x200B; + +I've noticed that when prices go up, I end up buying more eth to re-invest. If I was able to realize this, I'm sure there's a lot of smarter people that have been doing this for a while. HERE'S WHY I'M PREDICTING DEMAND ON CHRISTMAS EVE: + +* Big spending on "insert here" holiday has historically been wrong. How many Chinese New Year's and Wall Street Bonuses will we anticipate before we realize crypto isn't controlled by a holiday? +* Following that logic, who's to say there won't be a bull run on Christmas Eve? +* Here's my reasoning for the run. Don't be afraid to comment with your opinion: + * Everyone is expecting some kind of bounce back. The first time ETH had $1 billion in volume in 24 hours was when ETH was valued at $150. After that, ETH would break $1 billion in volume once a week. + * From 1/1/2018, there has not been a day where ETH has had less than $1 billion of volume in 24 hours. And that was when ETH was more expensive, at $1300 in January 2018. + * ETH has comparable trading volume to the ATH this year, but the difference is ETH's current market cap 1/10 the ATH. That is an extraordinary amount of demand. + * On MakerDAO, average collatoralization % has historically been around 250%. With the very quick run up we've had tonight, the average collatoralized % is over 400%, because people have not been paying attention to coin prices on a Sunday, because hey, tomorrow is Christmas Eve. + * The second they realize how much prices have jumped up, when they look Christmas Eve Morning (I check coin prices a couple times a day, so I'm sure others do too.), they'll want to use some of their profits to withdraw more DAI to buy more ETH, and re-invest their ETH into their MakerDAO account. Sound familiar??? + * This brings me back to one of the earlier bullet points of high ETH volume. The $1b in ETH volume has been from normal trades/exchanges/etc. NOW, we have a group of people motivated to constantly repurchase ETH when prices go up (yes, I'm talking about people with a position on MakerDAO). + * Serenity, network effects, locked up supply for POS validations, etc... + +&#x200B; + +Disclaimer: All of this information is already available online. Sources: + +MakerDAO collatoralization %: [https://mkr.tools/system](https://mkr.tools/system) + +ETH historical volume: [https://coinmarketcap.com/currencies/ethereum/historical-data/](https://coinmarketcap.com/currencies/ethereum/historical-data/) + +&#x200B; + +&#x200B; + +&#x200B; + + +### Market Notes: + +Yesterday was one of the biggest single day selloffs of the year. In a normal year it would've likely been the worst but 2020 is far from normal on any front. + +Futures are green at writing but are trending down. We may experience a dead cat bounce before the sell-off continues. + +The **VIX** is high. I'm watching for the selloff to continue through the election + +### Watchlist: + +**UUU** is a low float, key level at $4 + +**ZDGE** is a low float, watching for a setup above $3.50 + +**TANH** is a low float, resistance at $3 + +**MGEN** has resistance at $1.60 + +**CYH** has resistance at $6 +My script is using data from the finnhub [api](https://finnhub.io/docs/api). However, when I fetch the EMA indicator data, it returns inaccurate numbers. For example, looking at `AAPL`, resolution `D`, and timeperiod `100`, I get the EMA as `117.0767717332421`. However, on TradingView, the current EMA is `116.48` given the exact same settings? +My to and from periods are `1609456293` and `1592176293`. Another problem I've found with the API is that if I give it exactly 100 days between now and 100 days ago, it throws an error saying the time interval is too short given the time periods. +I work for a private electricity company analyzing potential customers' usage data, a low-ranking member of our Risk Management department. Our company has also begun dipping their toes in selling natural gas in recent years. + +**TLDR:** All our pricing for Gas and Electric is halted because of extreme market volatility. This has never happened in my past 5 years at this company. Read on for more context (and to learn a bit more about the electricity industry if you're curious) + + +**Update:** Just got the go-ahead to start pricing again, but everyone is a bit antsy about it. Definitely getting a "pretend everything is normal" vibe. I imagine our prices are going to have a lot of premiums today so I doubt we'll sign any major deals for a while on the gas front. + +Quick Edit: A lot of people seem to be thinking I'm from the EU given all the crazy energy/gas prices there, but I'm an Ameripoor and this is a US company. Ripple effects are shooting around the world it would seem. + +For those unfamiliar with the energy industry, \~50% of states allow companies, corporations, even individual citizens to choose their electricity provider (it's just rarely advertised). + +How can there be competition in energy of all things? Well, energy is the most volatile commodity in the world because there is no reliable way to store it long-term. It must be generated on the spot to meet demand. As such, energy is more expensive from 8am-6pm, and cheaper on the "off peak" hours and on weekends (this is why so many industrial plants run exclusively on night shifts, they save tens of millions of dollars using massive amounts of power when nobody else is using it). + +Usual consumers have monthly meters, but most companies have more fine-tuned meters that gathers usage data on an hourly level, even in intervals of 15-minutes if they use massive amounts of power. Amongst many other things, my department analyzes customers' data to find a price per MWh that we're comfortable with that would be lower than the local utility for the customer, but still high enough for us to hopefully make a profit over the duration of their deal. + +That's very oversimplified, there's a lot more going on with various electrical components and things that define different products we offer and which party takes on more risk etc, but it will suffice for now. The main thing that determines the prices we're comfortable offering though are the multiple daily updates from RTOs, or Regional Transmission Organizations. Basically, a good analogue for these would be different stock exchanges. + +RTOs are essentially large conglomerations/portions of the powergrid that oversee certain regions of the country that tend to have similar weather, electric infrastructure, and various other factors we won't go into, but they are the ones who release the price/volatility guidance for the entire region based on all kinds of larger market metrics and futures etc. All electricity providers, public and private, rely on the guidance from these RTOs to determine how much they will be charging for power in that region at specific times. I made the analogue of different exchanges because each RTO has their own ways of assessing/providing this information that forms the basis of electric trading in their given region of the country. + +These guidances from the RTOs come 3-4 times a day depending on the RTO, so energy price is constantly fluctuating. As such, we often provide customers pricing 2-3 times on different days before they might sign, as they could be signing a 3-year deal locking in a stable price, but what that price is will have changed day to day based on current market conditions. Thus, the Risk Management department is the beating heart of a private electricity company. Get too cocky or stupid and assume too much risk and you lose tons of money and go bankrupt, effectively paying for your customers' power rather than the other way around. + +Well, finally getting to the point, this morning's "curves" as we call them (all the massive excel files from the main RTO we operate out of) that we use to form our prices for the day are so out of wack and bizarre that upper management has halted all pricing until the next one comes in, and will make a decision then about whether we will be pricing anything at all today. **Again, this is not normal at all. It has never happened in my 5 years at the company.** + +The timing of this today with all the Evergrande stuff going on definitely makes me thinks that the dominoes are beginning to fall. +It's pretty straightforward that the higher income & savings rate you have, the easier it is to invest in properties. But is there a point that it stops making sense to add additional workload and stress to your plate (even with a great team / contractors) and instead just invest into stocks or other investment vehicles with minimal oversight? + +I'm guessing most with high earnings don't have much time to deal with potential issues with rentals. Even at a $150k salary, saving 50k a year for a down payment, only accounting for cash flow (not appreciation) would be allow you to buy a 200k property and might cash flow a few hundred and maybe 1000 a month once you get further into the loan. But that seems like a lot of effort and potential risk. + +I understand you have the pay-down of the loan, appreciation, and lowering value of the dollar as inflation racks up each year with the bonus of leverage that isn't accounted for in the cash flow, but I must not be seeing the full picture here. +We rent a house where we're 99% certain this is the case. Usual story, overseas investor (young Chinese couple on paper, dad's money for deposit - 45% upfront from what we understand). Just curious what happens if the ATO discover this rort? + +EDIT +It's funny how being priced out of owning a home by overseas investors rorting the system is ok; but a tenant playing by the rules and taking a stand, or using it as leverage to acquire a better deal for their family experiencing shoddy treatment by the same owner is morally bankrupt + + +Asking for people who have accessed their super via the FHSSS. How long did it take for the money to land in your account? I'm worried about signing to a 30 day settlement period on my contract of sale. +I posted in /r/personalfinance mostly for the FAQ, but thought folks here might like the pro tips at the bottom. + +Feel free to add more in the comments and I'll add them to the post. + +# What are I Bonds? + +I Bonds are savings bonds issued by the federal government with a variable interest rate that changes every 6 months, depending on the current inflation rate (there is also a fixed portion of the rate that's loosely tied to the federal reserve fund rates. This has been 0% for a while, but that could change) Unlike other bonds, savings bonds can't be bought and sold on the open market (those are known as marketable securities), and so the value of an I Bond is always equal to the face value plus accrued interest. The minimum purchase amount is $25 and they can be held for a minimum of 1 year and a maximum of 30 years. + +# Who can purchase I Bonds? + +You can if you have a Social Security Number and meet any one of these three conditions: + +* United States citizen, whether you live in the U.S. or abroad +* United States resident +* Civilian employee of the United States, no matter where you live + +# How can I purchase I Bonds? + +You can only purchase I bonds by making an account on the treasury direct website: [https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res\_ibonds.htm](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm) + +You can not hold I Bonds in an IRA/retirement account or any other type of account. + +# What's so good about them? + +They are currently paying a guaranteed 9.62% interest and are backed by the United States Government. Any other investment that offers a **risk free** return even close to that right now is a scam. The current highest savings account rates are 0.7% and CDs around 2%. If rates and inflation continue to go up then the I Bond rates will continue to go up. If we ever get into a deflationary environment (seems unlikely now but it's possible one day) another benefit is that they are guaranteed to never go below 0% rate. + +They are exempt from state income tax. Federal income tax is deferred until they are redeemed so they can compound and grow tax free (sort of like the benefit of a traditional IRA minus the actual contribution deduction). You could choose to pay the tax liability annually if you think that would be more beneficial, but it's a little complicated (see the question on how I bonds are taxed). If used for educational expenses for yourself, spouse, or a dependent then the interest is exempt from federal taxes. + +# What's the catch? + +You MUST hold them for a minimum of 1 year from the issue date. + +You can only purchase a maximum of $10,000 per person per year. (Technically $15,000, but see the pro tips) + +If you redeem them in less than 5 years you will forfeit the previous 3 months of interest as a penalty. + +The interest rate changes every 6 months, based on the current inflation rate. + +Most people don't run into issues using the very outdated Treasury Direct website, but if you do run into an issue verifying your identity, switching bank accounts, or getting locked out there are some reports of very excessive wait times when calling to speak to someone. + +# Should I purchase I Bonds? + +Only you can make that decision, but for most people with extra money sitting in a bank account that they won't need for at least a year the answer right now is probably yes. Even if you plan to hold less than 5 years and will forfeit the penalty, they are still a great deal. That answer can change in the future, but after 1 year you can redeem any I bonds you hold at any time. Hint: When the government caps how much you can contribute to something it usually means it's a pretty good deal (think IRA\\401k\\HSA contributions). + +# Can I purchase I Bonds for someone else? + +Yes, you can purchase gift I Bonds for anyone who meets the criteria to purchase themselves. You can gift up to $10,000 per gift recipient per year. The recipient does not need a treasury direct account until you actually deliver the gift. The gift can sit in your account until then and will accrue interest the entire time. + +# When does the interest rate change? + +The rate changes every 6 months, in May and November. Regardless of what month you purchase, whatever the rate is when you buy them will be fixed for 6 months and then you'll get the next rate for 6 months and so on. For example if you purchase in July, you will get the rate that was announced in May for the next 6 months, and then in January you'll get the rate that was announced in November and so on. + +# I purchased my bonds X months ago, why doesn't the value reflect the interest? + +Because there is a 3 month penalty if held less than 5 years, the treasury direct site shows the current value of the bond without the previous 3 months of interest, until the bond is 5 years old. Example, if you purchase a bond in May, your May's interest will post on June 1, but you won't see that first interest on that bond until September 1, and it will be the interest accrued in May. + +# How are I bonds taxed? + +I Bond interest is taxed as ordinary income, not as capital gains. + +I Bonds are exempt from state income taxes. If used for qualified educational expenses (same requirement for 529 accounts) for yourself, your spouse, or a dependent then they are exempt from federal income tax. + +When you redeem an I Bond, you will get a 1099-INT at the end of the year just like you would from a bank account, and you'll file that in your tax return for the year they were redeemed. You only owe taxes on the interest that you gained, not the total value of the bond. All of the interest earned over all of the years you held the bond is added to your income for the year they were redeemed. + +You can choose to report the interest yearly if you feel that would be more beneficial to you, but once you start doing that you must do so for all current and all future I Bonds that you own. When you redeem the bonds you'll fill out an extra form with that years tax returns indicating you've already reported these in prior years. + +# Pro Tips: + +**Reduce the penalty and minimum holding period:** + +I Bond issue dates and the start of interest accruing is always the first day of the month they are purchased. Time your purchase for the end of the month (don't want the exact last day to allow time for transfers) and you will effectively reduce the minimum holding period by 1 month. This will also effectively reduce your 3 month penalty by 1 month if you hold for less than 5 years, and give you a 1 month bonus if you hold for more than 5 years. + +**Purchase more than $10,000 per year:** + +You can purchase up to $5,000 in additional paper I bonds per year via your income tax refund, making the total yearly purchase limit $15,000. You could purposely over withhold your taxes to accomplish this. You could also file an extension and overpay by $5,000 to generate a refund. It requires you to fill out one extra form directing how your refund should be paid (Form 8888). Note: these are actual paper bonds and they will not show up in your treasury direct account. + +**Purchase more than $15,000 per year:** + +You could purchase $15,000 for yourself this year, and then purchase $10,000 as a gift for someone, like a spouse or relative this year. They could also do the same for you. Then in a later year you would transfer the gifts, but they would have been accruing interest the whole time. The catch is that the year you transfer will count towards the recipient's $10,000 purchase limit that year, but it still makes sense to do this in high inflation years, and then save the transfers for low inflation years. + +**Know what your interest rate will be for a full year:** + +There is a small window at the end of every April and October where you'll know what the next rate will be, and of course know what the current rate will be. If you time your purchases for these periods it will give you a more informed decision on if you want to buy them. You can average the current rate and next rate to get your effective rate for the next 12 months, which is also the minimum holding period. +About 4-5 years ago I sat at a bar here in Bangkok and argued with an English mate about Bitcoin. I’m an engineer and mathematician and had studied it extensively. + +We argued for hours. To prove my point, I said I would buy one Bitcoin and happily lose it when the system collapsed to prove my point. So I bought one BTC for around US$4,000. + +We argued for years. + +I sold it a few months ago for $48,000. Best investment I ever made!!! + +Ha ha. I wish I’d bought more. +ITC seems to be very undervalued and available at around 23 PE(242.5 - CMP). Has 3 strong businesses with cigarettes, FMCG and hotels. It is not a pureplay FMCG but is still very cheap compared to other peers like HUL(around 60 PE), P and G (around 80 PE) and Britannia(around 50PE). Also has an amazing dividend yield of 2.44 percent which is very good. Also don't feel people who smoke are going to stop anytime soon, so cigarettes can perform even in a recession? Views? +What are your thoughts on VPF? With better interest rate and flexibility than PPF, and practically no limits on investment (up to your entire basic pay), shouldn't more salaried people use this before PPF? + +What am I missing here? What can be the cons of using VPF? Why isn't this being talked about or recommended more often? + +Edit: + +Summary of the responses + +There seems to be 2 streams of thought. + +1. VPF in its current form is actually a very good option if you want to save for retirement. More people should actually make use of it. People don't invest in it because of lack of awareness. + +2. VPF in its current form is unsustainable, subject to the whims and fancies of the govt, and the rules are most likely to be changed/tightened to bring the returns in line with other govt small savings schemes. + +Though I personally belong to the first line of thought, the arguments listing out the cons have been very clearly put and they are serious concerns. + +Thanks for the replies. +Seriosly they are pretty shady and didn't feel safe banking with them anymore. It took 2 months to move everything and I highly reccomend a service like PayPal to handel as many payments as possible so that if you want to switch banks its far less painful. + +EDIT OMG I am not banking with PayPal! I am talking about letting paypal handle the minor unimportant transactions like your netflix subscription that changes the number of things you need to worry about if you change banks. + + +Almost there. About 15 years ago, I decided to stop day trading and start buying dividend paying stocks. The end goal was to buy enough shares of something that would pay enough to cover one monthly bill. Starting small, so I could feel a sense of accomplishment early, I picked the natural gas bill, which was about $40 at the most. + +Doing the math, each $120 I invested at 10% would pay out out about $1 monthly. $100 at 12% is the same. $200 at 6% still results in abouy $1 per month on average. + +The calculations in my head were telling me that $40/month goal means all I have to do is invest $4000 and I can subtract the gas bill from my monthly expenses every month. After several months of not buying Starbucks, not eating out as much, scrimping and saving, I had bought enough shares and eliminated that pesky gas bill. + +Nice. That just left about 5 more bills, all of which were larger than the first one. + +What I realized along the way was that I was paying far more than I really needed. Cable TV was running about $100 per month, cell phone another $80. Eventually I quit paying for cable and installed an antenna in the attic for about $60 total. $0.00 every month. I had about 6 or 7 watchable channels, while the rest were either in Spanish, selling garbage, or just had trash programming. Since I was spending nothing, I opted for a Netflix subscription for about $12/mo. Guess what my new dividends paid for next. $1200 invested in a 10% stock, and Netflix is now essentially free. + +Fast forward to today. Many bills have been reduced (better cell phone plan for $40/mo) or eliminated (cable TV). Netflix is now $14/mo, but still being paid for by dividends. Nearly every monthly bill I still have is paid for by dividends. The exceptions are taxes (property and federal income). While they are recurring, they aren't monthly. Now I can go into a restaurant, slap down my Robinhood debit card (more likely my credit card that earns points) and pay for anything I want to eat. Paid for by my dividend account. For the first time, I no longer worry about how the next paycheck will need to be split up to pay for all the things life throws my way. + +What's next? Of course, I'll continue working my day job that allows me to pay the tax man, but eventually that will be paid for, and I'll finally be ahead of the game. As long as I don't get hit by a bus. +**Overview** + +Late 30s, married with 2 young kids, Bay Area, ~10 years working after school in various high tech roles + +I found this sub around the time I started working. At the time, I had already been tracking my expenses for a few years through school, so I projected that I would be able to retire by age 40. This was before I moved to Silicon Valley, got a spouse, got a house, and had 2 kids of course. + +*Why not just post in the daily thread*? I want to broadcast what I feel is a more realistic "above average" outcome for tech workers or other skilled professionals, who are probably over-represented here, who are finding success in the grind but will never win the company stock lottery. I've seen too many of these threads where OP works at a FAANG or had a business take off or whatever and their NW went to the moon. It's not realistic for 99.9% of people, and consequently **FIRE is a lot longer of a slog than you think** + + +**Data note**: it's only my part of the family worth, and only my half of the expenses. My spouse and I take a pretty hard "separate finances" stance + +**Financial Summary** + +| Year | Net Worth |Income | Expenses | +|------|-----------|-------|----------| +|2007|1,640|6,500|10,000| +|2008|6,170|13,120|12,500| +|2009|9,830|20,700|10,300| +|2010|16,200|27,300|15,200| +|2011|33,500|35,800|22,600| +|2012|35,700|57,000|40,400| +|2013|54,600|69,600|53,000| +|2014|91,400|117,000|55,600| +|2015|138,800|127,000|43,100| +|2016|228,800|158,000|42,300| +|2017|332,300|182,000|71,500| +|2018|477,100|218,000|61,000| +|2019|661,300|244,000|60,200| +|2020|831,400|260,000|257,000 [1]| +|2021|1,160,000|276,000|78,500| +|2022 (est)|1,030,000 [2]|451,000 [3]|92,200| + +[1] House remodel + +[2] $300k of this is house + +[3] One time windfall + + +**Expenses** + +Current expenses are $8,400/mo, broken down as: + +* Mortgage (PITI): $3,100/mo +* Childcare: $2,800/mo +* Utilities: $200/mo +* Misc. shared expenses (travel, insurance, groceries, etc.): $1,000/mo +* Black hole of personal expenses: $1,300/mo + +Mortgage, utilities, and shared expenses ($4,300/mo) is just the cost of a family of 4 and I think they're fantastic for the Bay Area. The only vacations we take are to visit family, for example. The mortgage is for a 3 bedroom house. + +Childcare will drop off within the next five years, but we're actually looking at hiring part time help for the weekends, so this number will only go up in the short term. I have mentioned elsewhere that I literally have to do basic tasks, like mow the lawn, at night after the kids go to bed because they're so difficult + +The "black hole" category is a bit of a cop-out, and I imagine there's stuff to cut there. I do eat out a lot for work, to the tune of $500/mo. Most of the rest is medical expenses (Lasik in one eye, a few $200 doctor visits became >$500 trips to urgent care thanks to Covid cautiousness by doctors) + + +**Thoughts** + +* After 15 years, I have <10 years of expenses saved up (excluding home equity). This is while making what I consider a high income (average ~$160k in 2022 money). This is discouraging and honestly makes me doubt the viability of FIRE for the vast majority of families because our "fixed" costs are so high. I am definitely much more pessimistic on FIRE as a movement this year +* My house was a horrible investment. According to Redfin, my share of the house has appreciated exactly with inflation (20%, or ~150k) since I bought it. However, I also spent >$200k renovating and expanding it. That money is, as of today, completely gone +* Speaking of horrible investments, 2018-2022 I traded a few tech stocks (AMD -> TSLA -> NET -> RKLB). I gained 10X on the first 3 over three years, then lost 75% on the last one in one quarter. I'm totally out of individual stocks again and will remain so for a while +https://preview.redd.it/vli0ofqwf6w71.jpg?width=3840&format=pjpg&auto=webp&s=2a704c47375637858c27216379ae8313dadf8be8 + +This could be a long read. Kindly bear with me. + +I write this primarily in response to the [TechSpot article](https://www.techspot.com/news/91937-bitcoin-largely-controlled-small-group-investors-miners-study.html) from yesterday (r/technology mods told me they only allow “*mainstream news articles with* *editorial oversight and fact-checking*” so I'm sharing this here). + +But I’d also like to take this opportunity to write about Bitcoin more broadly as someone who has been following it for more than a decade and I’ll try to do so without complicating the conversation for anyone unfamiliar with Bitcoin. + +The TechSpot article cites a non-peer-reviewed National Bureau of Economic Research (NBER) [working paper](https://www.nber.org/papers/w29396) from Igor Makarov and Antoinette Schoar. + +NBER claims to be non-partisan but it is a private NPO funded by the likes of [Bill Gates foundation](https://www.gatesfoundation.org/about/committed-grants/2019/11/inv003527). + +The chairman of NBER, Karen Horn, is a former president of the Federal Reserve Bank of Cleveland and Head of International Private Banking for Bankers Trust. + +The authors of this working paper, Igor Makarov and Antoinette Schoar are no experts in Bitcoin. + +Makarov is employed by Financial Markets Group (FMG), which focuses on policy research into financial markets and works alongside [banks and regulators in Europe](https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html). + +Schoar is a professor at the MIT Sloan School of Management and co-chair of NBER Corporate Finance group, who has [previously made it clear ](https://bcf.princeton.edu/events/antoinette-schoar/)that she is no fan of Bitcoin with some pretty misguided takes on it. + +It’s critical to note that the data regarding miners cited in this study is from when mining was largely concentrated in China. This is [no longer the case](https://cbeci.org/mining_map). + +The paper claims the authors have “the ability to trace miners on the blockchain.” The tracking method shown in the paper is based on subjective, unverified “algorithm to track the distribution of mining rewards from the largest 20 mining pools to the miners that work for them.” + +The validity of this conjectural method of tracking was also subjectively verified before all mining operations migrated out of China to many different parts of the world. + +&#x200B; + +# Bitcoin distribution is not highly concentrated + +The first thing we need to acknowledge with Bitcoin is that it is still very much a nascent monetary system. It has come a long way in a short space of time but it’s only been around 13 years and only 3% of the world’s population currently use Bitcoin. + +It took the Internet 25 years to get to that point. So while adoption is certainly happening a lot quicker, we still have 97% of the world’s population to bring on board. Unlike the banking system, which has ostracized nearly half of the world’s adult population, Bitcoin can actually work for every person in the world, no matter who they are or where they come from. + +The top wallet addresses [here](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) do not belong to individuals. Almost all active addresses holding greater than 10 basis points of the total supply (greater than 0.1%) are addresses belonging to exchanges and custodial services holding custody of Bitcoin that belong to millions of individual users. Not all exchange addresses have been tagged by bitinfocharts. For instance, the third largest address, looking at activity and transaction patterns, [very likely belongs to Coinbase](https://bitinfocharts.com/bitcoin/block/707013/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ). + +Now **you’re not supposed to be holding your Bitcoin in exchanges** as that defeats the whole point of Bitcoin, besides enabling rehypothecation, which can artificially inflate the supply, and other security risks, but a lot of people do since they’re new to Bitcoin, unfamiliar with the concept of self-custody, and inadequately appreciate the purpose and potential of Bitcoin. There are ongoing educational efforts to encourage people to take ownership of their Bitcoin. + +**Not your keys. Not your sats.** + +The wealth distribution is admittedly far from where it needs to be, but it’s heading in the right direction. As more and more users adopt Bitcoin, the Gini index improves markedly. The game theory embedded into the protocol ensures that it does over time. The article from TechSpot claims that 10,000 individuals control a third of the supply. This, even if we assume to be accurate at face value, is a vastly improved figure from only 2 years ago, when [less than 5000 wallets](https://imgur.com/aNP9Ew6) were estimated to own half the supply. + +On-chain analytics firm, Glassnode, [published](https://insights.glassnode.com/bitcoin-supply-distribution/) a finding earlier this year that ownership of Bitcoin is not highly concentrated and it naturally disperses over time. I’ll explain a little later in this article why that is the case. + +&#x200B; + +# Beyond the cryptocurrency + +Let’s try to first understand Bitcoin beyond the cryptocurrency, as a software protocol and what it represents for humanity. Sure, price speculation is fun but for me, it’s the least interesting aspect of Bitcoin. + +Bitcoin is open-source software collectively hosted by a pure P2P permissionless network of ∼ 60,000 nodes distributed across the world — by far the largest pure P2P network ever. Anyone in the world can propose changes to this software no matter who you are. There’s no central server or hierarchical structure to this network. You don’t need anyone’s permission to access the network. We don’t need to know who Satoshi was to trust the system because the code is open for every single human being in the world to read and scrutinize. Satoshi was simply the first, founding contributor to this open software. + +This is such a revolutionary egalitarian concept so far removed from all the corruption and iniquities that inhere within our extant hierarchical technology and monetary systems that a lot of people understandably find it difficult to grasp but this could fundamentally fix the world and make money and technology at large work for everyone without privileges. + +There’s a common misunderstanding that Bitcoin has great value because it was the first digital currency. This is untrue. There were several prior attempts — B-money, Bit gold and Hashcash the most prominent among them. Satoshi’s proof-of-work (PoW) algorithm solved a critical flaw in the use of blockchain as a public ledger known as [the Byzantine Generals Problem](https://river.com/learn/what-is-the-byzantine-generals-problem/) (BGP). + +Solving for BGP meant that we could have an open ledger network without a central server or middlemen where nobody had to trust anybody else for the system to work. Every node within the Bitcoin network is a server with a live copy of the ledger and each node is able to verify the authenticity of its copy of the ledger without having to trust any of the other nodes. + +The concept of blockchain predates Bitcoin by almost two decades. So the value was never in blockchain but the way Bitcoin was able to utilize blockchain as a trustless, permissionless, decentralized public ledger to democratically create, distribute and exchange value. + +On the face of it, it’s easy to mischaracterize Bitcoin as some kind of an investment scheme. It is absolutely not that ([The Newcoiner Dilemma](https://preview.redd.it/kngn40wr20d71.jpg?width=1080&format=pjpg&auto=webp&s=d3b134c484734a2b004220711e06767ce4d9aebe)). Who is to benefit from an investment scheme where nobody is in charge? + +Bitcoin is a complete revamp of our monetary system to make it work for everyone and more broadly, as a software protocol, Bitcoin has the potential to fix the Internet’s original sin — centralization at the hands of few privileged gatekeepers — and restore it to its originally intended form as a [decentralized P2P network protocol](https://preview.redd.it/5rc5zsks00d71.png?width=880&format=png&auto=webp&s=758cbf3af64ea5a1a1d4edcfe7235a9db9231c5c). + +A network protocol is only decentralized if any participant within the network is able to access and verify the truth (the state of the ledger) on their own in a very economical manner without requiring permission or trust. We’ve seen many predatory knock-offs since Bitcoin, which are little more than snake-oil marketing gimmicks with fundamentally flawed protocol designs and centralized node architectures. Cynical rent-seeking and exploitation just comes with the territory for any revolutionary technology. + +Permissioned, quasi-permissioned, DINO (decentralized in name only) blockchains are a waste of time. Blockchains are comparatively inefficient databases unless truly decentralized. What makes them special is the ability to individually host, validate and audit the ledger. + +Throughout Bitcoin’s history, Bitcoiners have staunchly defended the right of users of the network not to be priced out of running their own node, [most famously 4 years ago](https://www.amazon.com/Blocksize-War-controls-Bitcoins-protocol/dp/B08YQMC2WM) when **Bitcoin users stood firm in the face of pressure from miners and corporate interests to prove that it was the users who truly controlled Bitcoin, not miners and not wealthy investors**. + +Anyone can host their own [Bitcoin full node on a Raspberry Pi](https://preview.redd.it/1ohgb7ol00d71.png?width=829&format=png&auto=webp&s=be47cad6110b6147c8d55410b23bca8205cff9ec). This allows them to be an equal rights citizen within the network without delegating trust to a third party. If you cannot self-host a node on your own, you’re going from trusting bankers to trusting a random person on the internet. That doesn’t seem so revolutionary, does it? + +&#x200B; + +# How does such a network scale? + +Let’s take the Internet as an example. The IP suite is a software protocol like Bitcoin. It originally had a monolithic design until we figured out that it could not scale without [layered architecture](https://www.dcs.bbk.ac.uk/~ptw/teaching/IWT/transport-layer/tcp-ip-layers.jpg). Bitcoin has undertaken a similar multi-layered approach to scaling in recent years. + +Bitcoin’s base layer is the network layer protocol and the monetary settlement layer. Priorities for this layer are maximizing security and trust-minimization. Built on top of this is a payments layer called Lightning Network. + +Lightning Network is a decentralized layer-2 network protocol that uses a native smart contract scripting language to enable instant, almost feeless, global [Bitcoin payments](https://imgur.com/2zUCL2b). + +In Lightning Network, parties to a transaction are required only to have a sufficiently funded open channel active in the network. This is done through a single on-chain transaction. + +If there is a direct channel open between the parties, the transaction is routed directly and incurs [no fee](https://preview.redd.it/esqddcdq10d71.png?width=600&format=png&auto=webp&s=95c4cb49f6d3405594ee84a16c693b558daa0b18). Without a direct channel, the transaction is routed through routing nodes, incurring a small fee, typically no more than a few sats (fraction of a cent), paid to routing nodes hosted by users of the network. + +You can find a live node map for Lightning Network [here](https://explorer.acinq.co/). It’s pretty remarkable how far Lightning Network has come in only 3 years. + +With Lightning Network’s maturation as an infinitely scalable decentralized global payments network, Bitcoin is shifting focus to its next big milestone, Taproot, which is due to go live in mid-November at block height 709632. + +Taproot brings [a set of protocols](https://bitcoinops.org/en/preparing-for-taproot/) that enhance Bitcoin’s privacy, scalability and unlocks the path for seamless integration of application protocols on top of Bitcoin while also ensuring that users are still able to economically run their own Bitcoin full node. + +&#x200B; + +# Game Theory of Bitcoin + +Cypherpunks were pursuing the concept of Bitcoin, a decentralized P2P monetary system, for two decades. Satoshi completed the final, most important, piece of the jigsaw — solving the Byzantine Generals Problem to prevent double-spend. + +In doing so, Satoshi sought to address two fundamental flaws with fiat money, + +1- Centralized, focused issuance and control of money supply and monetary policy + +2- Trivial cost of issuance + +While issuance entails no cost, the money remains at the mercy of the basest of human qualities, self-seeking greed. All corruptive tendencies of fiat money are a direct consequence of the trivial cost to issue infinite money. + +Satoshi’s proof-of-work algorithm solved for these two flaws by implementing [an ingenious cost of issuance algorithm](https://imgur.com/eFwM54J) that keeps every actor honest and forever scales in proportion to Bitcoin’s value as a monetary network —the higher Bitcoin's value, the higher the cost of issuance. + +Proof-of-work requires those who acquire the new supply of coins (miners) to continually input real-world work for their rewards and cover recurring operational costs. The work ensures that those who receive the new supply of money cannot keep hoarding it for themselves. Miners are forced by the game theory embedded into the protocol to redistribute Bitcoin into the market. + +Any monetary system [where the creation of money entails no work and cost](https://www.amazon.com/Ethics-Money-Production-Guido-H%C3%BClsmann/dp/1933550090) would be [fiat 2.0](https://imgur.com/g2MVTAy) all over again, a system where wealth equals power, where [the rich forever get richer and the poor get poorer](https://www.nbcnews.com/news/world/world-s-richest-become-wealthier-during-covid-pandemic-inequality-grows-n1255506). + +In proof-of-work, wealth != power + +Miners input work and recurring costs to find blocks and receive compensation for their work but the blocks are validated by full node users, not miners. Full nodes enforce the rules — accept or reject blocks found by miners — and hold the power to keep miners honest. Every full node user has one vote. Proof-of-work admits of no corruption or privileges. + +A large portion of the world’s population is affected by either hyperinflation and/or lack of banking services (c. 4 billion people). Bitcoin allows them to connect to an open, permissionless network to generate, store and exchange value where nobody can stop them. The combination of proof-of-work and economical self-hosted nodes distributed all across the world is what ensures Bitcoin's antifragility, securing the network from [state attacks](https://www.benzinga.com/markets/cryptocurrency/21/10/23221016/edward-snowden-china-banning-bitcoin-just-made-it-stronger). + +&#x200B; + +# Bitcoin, a global leader in clean energy innovation + +20 years ago, [the Internet was boiling the oceans](https://www.forbes.com/forbes/1999/0531/6311070a.html?sh=54f838642580). Today, it’s Bitcoin. In 20 years, the next emerging technology. Energy, in manifold forms, has always been fundamental to human interaction and its impact, an ineluctable consequence of human evolution. + +Bitcoin is at once the most fundamentally important technological and monetary evolution for humanity. For the first time in human history, every human on earth can become financially sovereign, set free from the whims of other humans. + +Bitcoin is a huge net positive for humanity and [a global leader in renewable energy innovation](https://www.nasdaq.com/articles/how-large-scale-bitcoin-mining-is-driving-clean-energy-innovation-2021-01-06). The renewable energy share of the Bitcoin network is over 4 times that of the average grid. In 2020, renewable energy sources accounted for only about 12% of total U.S. energy consumption. [58% of global Bitcoin mining operations](https://imgur.com/98f7mSM) are powered by renewables. + +According to the Energy Information Administration (EIA), 66% of the primary energy used to create electricity is wasted by the time the electricity arrives at the customer meter. Bitcoin is able to [harness stranded/wasted energy](https://www.bloomberg.com/news/videos/2021-07-01/bitcoin-mining-with-stranded-energy-video), while also mitigating the climate effects of other industries [by capturing flared gas](https://markets.businessinsider.com/news/currencies/bitcoin-mining-flare-gas-btc-energy-crusoe-energy-coinbase-winklevoss-2021-6) that would otherwise be vented into the atmosphere contributing to climate change. Other industries find the cost of transporting energy prohibitive. + +We progress as a civilization, from Type 0 to Type 1, using more energy, not less. Bitcoin is critical to unlocking humanity's energy potential as it directly incentivizes R&D in sustainable energy—by subsidizing broader transition to renewables, tapping remote/stranded energy resources, mitigating CH4 emissions from O&G, stabilizing grids and accelerating humanity towards securing a clean, energy abundant future. + +&#x200B; + +# The quest for perfect money + +What's money? Anything that’s accepted as representing value by the parties to any transaction. It’s really that simple. Three thousand years ago, cowrie shells were used to represent value. We’ve had [various forms of money](https://www.pbs.org/wgbh/nova/article/history-money/) since but the quest remains the same. Humans have always sought money that can hold value over time until it was required to purchase other things that hold value to them — goods and services. + +If we look at money from this perspective, we could argue that money is technology but until now, we never had the technology to come up with a money that was able to fulfill all three functions of money — store of value (SoV), medium of exchange (MoE) and unit of account (UoA). + +Bitcoin is at once a good SoV (scarce and incorruptible), a good MoE (the payments layer — Lightning Network), and a good UoA (infinite divisibility and instant portability across the world). + +I view Bitcoin to be the culmination of humanity’s 7000-year technological quest to perfect the representation of value by truly democratizing its creation, distribution and exchange. Never before have we had a money with all the necessary properties of sound money. All previous forms of money had compromises. + +Scarce money has always been sound money but previous iterations of scarce money lacked the [other properties](https://preview.redd.it/t1azmamjn0u71.jpg?width=1280&format=pjpg&auto=webp&s=eeb96dbc2eb0e78bfaaca45fb2da5b10305848f1) required to be viable as MoE and UoA — fungible, readily portable, infinitely divisible, incorruptible, indestructible, provably finite and objectively verifiable. + +Bitcoin ticks all the boxes. It further adds a new dimension to money hitherto unimaginable, obviating the need for trust, eliminating counterparty risk without the burden, cost and attendant inefficiencies of involving trusted middlemen. + +&#x200B; + +# Fiat money is a pyramid scheme + +It would be remiss not to highlight at this time just how [inequitable](https://www.wtsp.com/article/news/nation-world/un-world-hunger-billionaires-elon-musk/67-329635e8-6602-4bd1-b607-781cfd9ba7e0) our current monetary system is and, something we don’t often speak of, the [jarring impact](https://i.imgur.com/kLSpP6B.jpeg) of inflation-driven compulsive consumerism on climate change. + +The current system of credit constantly incentivizes you through a myriad of machinations to keep spending money from tomorrow’s labor, but the new injection of money from your tomorrow’s labor ends up being concentrated at the top, with the ultimate consequence of inequitably diminishing your purchasing power and continually enriching those at the top of the pyramid. + +In short, money borrowed against your future labor ends up destroying your own purchasing power while the lender profits off your future labor, both in the form of interest and by being closer to the new money. It’s a double whammy. Fiat money post hoc undercuts the value of our work and time, except for the top 0.01%, some of whom [have seen their wealth grow almost 10-fold](https://inequality.org/great-divide/updates-billionaire-pandemic/) during a once-in-a-hundred-year global pandemic. + +In 1971, President Nixon canceled the convertibility of the US dollar to gold. The subsequent collapse of the Bretton Woods system gave central banks absolute monetary authority as the dollar was no longer required to be backed by gold reserves. + +Central banks’ newfound ability to continually manipulate supply, interest rates, and velocity of money has led to deleterious consequences. Perpetual expansion to spur illusory “economic growth” has sent deficits spiraling out of control and resulted in, inter alia, a vicious cycle of high inflation, recession as a consequence of efforts to mitigate the effects thereof and ever-increasing, now extreme, economic inequality. + +I’ll just leave it [here](https://imgur.com/a/4LlWaKy) as to the enduring effects of the Nixon shock. + +&#x200B; + +# Triffin paradox + +The Triffin paradox explains why any sovereign currency serving as a global reserve currency is unworkable — the state issuing the reserve currency is required to continually run up a deficit to meet the world’s demand for its currency. This creates a conflict of interest between domestic and international monetary policies, which becomes untenable in the long run, leading to the collapse of the system. The [average lifespan for reserve currencies](https://preview.redd.it/raj2vtkxn0u71.png?width=2000&format=png&auto=webp&s=7bf93b12c22fda167d3108814d0a6b2b3fef5740) is 95 years. + +Bitcoin is the only monetary system in history that has the properties to last forever, for, unlike all previous monetary systems, it doesn’t derive value from the authority or wealth of the issuer, which is fleeting, but a timeless universal constant — hard-coded mathematics. + +&#x200B; + +# Closing thoughts + +I’d like to earnestly urge everyone to read mainstream articles about Bitcoin through a lens of scrutiny as to the interests of those who own these organizations. There’s an ongoing campaign to poison the well with blatant disinformation while simultaneously accumulating Bitcoin for themselves. + +When you really burrow down the Bitcoin rabbit hole, you come to realize that Bitcoin is quite the culture shock, a monetary paradigm shift irreconcilable with the status quo sustained by immoderate expansion normalized through generational indoctrination of the rationally vulnerable to acquiesce to furtive post hoc theft of the value of their work and time, especially in the last 50 years post-Nixon shock. + +Mainstream media organizations are owned by the banking establishment and beneficiaries of the fiat pyramid scheme [who stand to lose a lot of power](https://preview.redd.it/r5jquqfi31u71.png?width=1065&format=png&auto=webp&s=68019bec64e17df45ef3f72c5e7c1d8e3b167e2e) if 8 billion people were to understand [the peaceful revolution](https://imgur.com/Y2rhS0w) that is Bitcoin. + +There are no C-suites, marketing/PR teams in Bitcoin to manipulate public opinion or issue any official statements in rebuttal to intellectually dishonest journalism. Bitcoin keeps plowing along honestly, paying no mind to assorted naysayers motivated by self-interest seeking to further various agendas. + +Tick.. tock.. next block.. + +&#x200B; + +https://i.redd.it/86izkxf9g6w71.gif + +&#x200B; + +I hope the irony of an organization chaired by a former Federal Reserve president decrying the concentration of wealth in Bitcoin while we do not have the ability to peer into an open ledger to scrutinize the concentration of wealth and the transactions of bankers in the fiat monetary system is not lost on anyone. + +[Bitcoin fixes this](https://preview.redd.it/vso2ik42c8w71.jpg?width=800&format=pjpg&auto=webp&s=b6d9f0f42d11e9d3a64eec3fd3ae17d8c803948a) +[Link to the full article (3 min read)](https://www.cnbc.com/2022/12/13/tesla-stock-down-28percent-since-elon-musk-took-over-twitter.html) Tesla stocks lost 28% since Elon Musk acquired Twitter while most similar automakers were up in the positives during the same time period. Despite the better than expected inflation report that drove tech stocks higher on Tuesday, Tesla stocks slid another 4% and reached a new record low in years. Elon selling Tesla shares to finance the Twitter deal and delays in car production have all contributed to the pressure in Tesla stocks this year. Investor sentiment remains weak as many see Twitter a big distraction to Elon’s management at Tesla. +Hi everyone, + +As you probably know, the SEC recently [re-opened the comment file](https://www.sec.gov/news/press-release/2022-186) for a bunch of rule proposals due to some technical problem they had with an online form. This is good news! The SEC proposed a new rule called 13f-2 which is targeted at investment managers (hedge funds, mutual funds, etc), calling on them to finally have to disclose their short positions. Unfortunately, the SEC proposal would only provide aggregated public disclosure - how many shares are sold short in a given name, for example, but not manager-level public disclosure like 13Fs do for long positions. There are several other shortcomings in the rule proposal. + +We The Investors have [written a comment letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) to address the shortcomings in the proposal. The best way to make your voice heard is by filing a comment letter yourself, and we have some info on [how to do that](https://www.urvin.finance/advocacy-issues/comment-letters). However, given the abbreviated comment period (it's only open for 2 weeks), another effective way to make yourself heard would be to take the comment letter we've written, make sure you agree with it (or make changes to it), and file it under your name. We've [included 2 different formats on our website](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) \- a Google Docs version and an MS Word version. + +It's important for the SEC to know that there are serious numbers behind this effort. A ton of industry firms filed comment letters pushing back hard against this new proposal as being too costly and onerous. We want to make sure that the SEC doesn't just follow-through with the proposal, but strengthens it to include individual manager disclosures, disclosure of derivative positions, and other important changes. You might be dismayed with the SEC and you might think nothing can change - but this is an important opportunity, and we've tried to make it as easy and simple as possible to file a letter. I hope you'll consider making your voice heard in this process! +Guten Tag to this global band of Apes! 👋🦍 + +We are nearing the end of another week in GME, which might have the lowest weekly volume in quite a while but also the highest closing price on low volume. Meanwhile, we're seeing a steady uptick in reverse-repo amounts, drops in the digital currencies, unusual propping-up of certain car companies, and panicked short attacks anytime GME starts to rise above $210. There are many signals that we're on the brink of *something*, but what exactly is hard to say. + +Rather than speculate, I'll just remind Apes that the best way to find out is to be the biggest shareholder you can be whenever that day comes. Buy shares, DRS what you can, and HODL with Diamantenhände - that is all. If you can route through IEX, do so. If you can feed the bot, do so. Every share held at ComputerShare is one fewer that can be used to manipulate the price, and eventually their 'ammo' will be very difficult to replenish. HODLing gets easier the longer you do it. I'm sure many of us had no idea that we'd still be HODLing in mid-November, but here we are - stronger than ever. Let's keep the pressure on. + +Today is Thursday, November 18th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$210.12 / 185,69 €** *(volume: 537)* +- 🟥 115 minutes in: $210.08 / 185,65 € *(volume: 533)* +- 🟩 110 minutes in: $210.10 / 185,66 € *(volume: 533)* +- ⬜ 105 minutes in: $210.07 / 185,64 € *(volume: 533)* +- 🟩 100 minutes in: $210.07 / 185,64 € *(volume: 517)* +- 🟥 95 minutes in: $209.83 / 185,43 € *(volume: 513)* +- 🟩 90 minutes in: $209.90 / 185,49 € *(volume: 496)* +- 🟩 85 minutes in: $209.87 / 185,46 € *(volume: 452)* +- 🟩 80 minutes in: $209.81 / 185,41 € *(volume: 449)* +- 🟥 75 minutes in: $209.81 / 185,41 € *(volume: 449)* +- 🟩 70 minutes in: $209.81 / 185,41 € *(volume: 422)* +- 🟥 65 minutes in: $209.70 / 185,31 € *(volume: 422)* +- 🟥 60 minutes in: $209.77 / 185,38 € *(volume: 413)* +- 🟥 55 minutes in: $209.78 / 185,39 € *(volume: 412)* +- 🟩 50 minutes in: $209.88 / 185,48 € *(volume: 406)* +- 🟩 45 minutes in: $209.87 / 185,46 € *(volume: 404)* +- 🟥 40 minutes in: $209.86 / 185,45 € *(volume: 404)* +- 🟥 35 minutes in: $210.02 / 185,60 € *(volume: 312)* +- ⬜ 30 minutes in: $210.05 / 185,62 € *(volume: 291)* +- ⬜ 25 minutes in: $210.05 / 185,62 € *(volume: 90)* +- 🟥 20 minutes in: $210.05 / 185,62 € *(volume: 75)* +- 🟥 15 minutes in: $210.07 / 185,64 € *(volume: 74)* +- 🟩 10 minutes in: $210.10 / 185,66 € *(volume: 72)* +- 🟩 5 minutes in: $210.07 / 185,64 € *(volume: 67)* +- 🟩 0 minutes in: $210.05 / 185,62 € *(volume: 54)* +- 🟩 US close price: $210.00 / 185,58 € *($209.50 / 185,14 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1316. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +https://edition.cnn.com/2022/08/28/politics/elizabeth-warren-jerome-powell-recession-cnntv/index.html + +Warren quote at end of article: +"You know what's worse than high inflation and low unemployment? It's high inflation with a recession and millions of people out of work," she told Powell. "I hope you consider that before you drive this economy off a cliff." + +Warren sure sounds like a shill for big business. Also, people keep acting surprised that rate hikes are still continuing, just like clearly outlined for months. Powell only had to be so hawkish because QT deniers kept salivating for more money printing, which caused the marker to ignore QT, only making the goal of the FED harder to reach. + +QT is going to keep going and continue to be a headwind. The more knowledge we have to prepare us for how to invest in these conditions, the better. +Here we are. Almost 10 month into the year. I remember quad witching day. +I remember March when price dropped from 350 to 170 in 20 min. +I remember every hype day. + +Didn't get phased + +But what I am about to say, in my opinion is the most important thing + +NO FUCKING DATES. 27TH SEPTEMBER TILL 7TH OCTOBER? +ITS FUCKING DATES. +WHAT HAPPENS WHEN NOTHING HAPPENS BETWEEN THOSE DATES? + +HELL WHAT HAPPENS WHEN PRICE GOES TO 10K AND THRN DROPS TO 200? + +DO YOU KNOW WHAT YOULL HAVE? A CAMPAIGN OF iTs OvEr. SeLl bEfOrE iT gOeS lOwEr. + +Don't forget YOU have a MINIMUM Floor. + +Mine is XXX mil. What's yours? + +Is 10k that? Is 1 mil that? Is 10 mil that? + +Don't forget you don't even sell on the floor. ITS THE FUCKING FLOOR. You sell on the way DOWN. + +BE FUCKING GREEDY. WHEN THEY ARE SCARED YOU BE FUCKING GREEDY. + + +NO CELL NO SELL. + +NO FUCKING DATES. + + +I SEE SCINARIO BEING PUSHED FED WILL NOT LET THIS HAPPEN OR THST HAPPEN. + + +THEY HAVE LET EVERYTHING HAPPEN. NO ONE WILL DO JACK SHIT FOR INDIVIDUAL INVESTOR. + +JUST LOOK AFTER YOU. + +DONT FALL FOR SHILL DATES + + +JUST REMEMBER PHONE NUMBER FOR X HOLDERS OR BUST. + +OVER AND OUT + +Edit: dates +Edit 2: obviously not a financial advice. I eat crayons for breakfast lunch and dinner. Desert 🖍 🖍 too. Mostly red +My wife and I are discussing trying for our first child, what would you suggest we budget monthly / over the first year in regards to cost? I’m just wanting to make sure we can afford / support it financially at this stage. TIA +I’ve been reading this sub for quite some time and I feel like I get a ton of interesting info here. I totally understand the huge level of attention paid to SCHD. I’ve owned it myself since 2013 and have both added shares occasionally and DRIPed over the years. I recently started placing a significant chunk of cash into JEPI (age 54 and building my income machine). Reading about it here definitely drew my eye to JEPI. So I get why it has such a huge cheering section. + +That said…what I don’t understand as well is the constant stream of comments and posts from folks who say that they are piling a large percentage of their portfolio into O. + +I’m not slamming O at all. I’ve also owned it since 2013. Have trimmed in the 70s a couple of time and bought in the 50s a couple of times. Keeping it on the DRIP always. It’s a very well-run company and a solid investment. + +But I also own and really like WPC, and I see it mentioned so seldom here. Higher yield than O, and a lower P/FFO. Also a triple-net lessor. So in the same space, but with more diversification both geographically (even pushed into Europe) and in terms of its properties (industrial, retail, warehouse, storage etc). O is much more concentrated in single-tenant retail. I recognize that O is a div aristocrat and a monthly payer, but WPC has a very solid payment history as well. + +I feel like there other very interesting plays in the REIT space as well. Like RQI and RFI, for for example (for those who are comfortable with CEFs). + +So why the intense interest in O here, seemingly to the exclusion of most everything else in the REIT space? + +Again…not being critical at all of O. Just wondering why it seems to be so glorified in this sub, seemingly almost in a knee-jerk fashion, while I see so little discussion and promotion of other options in the REIT space. + +Thoughts? +**The Markit CDX North American High Yield Index price,** or the CDX.NA.HY Index (the “HY Index”), is composed of one hundred (100) liquid North American entities with high yield credit ratings that trade in the CDS market. Acting as a gauge of credit risk, the HY Index is a basket of credit default swaps. As credit risk increases, the index falls. + +&#x200B; + +With that said, let's look at what this index has done previously during periods where markets were volatile and uncertain. + +&#x200B; + +# 2015-2016 Selloff + +The market experienced a series of international sell-offs. + +During this period, we see the HY Index in flux between 107.40 to 103.21 points. While this period was ultimately flat, we see the index dropping as low as 96.50. + +&#x200B; + +https://preview.redd.it/awmjb8o773y81.png?width=1080&format=png&auto=webp&s=357ff964ec79862235a3add9358baed6b63b4706 + +# 2020 Flash Crash/Covid Crash + +We all remember this well. Markets were a bit of a mess, with NYSE trade suspensions, entire industries screeching to a halt, and the DOW dropping over 35% between Feb and March, and much more as the world responded to a global pandemic. + +During this period, we see the HY Index in flux between 109.48 to 100.51 points. While this period was also flat, we see the index dropping as low as 86.72. + +&#x200B; + +https://preview.redd.it/500u6x4473y81.png?width=1080&format=png&auto=webp&s=28faa75387bd46db76cd4fc251f5511f872917c7 + +# Present Day + +Clearly at another pivotal moment in stock market history, we have seen increased volatility of late, and major indices suffering significant losses in the past 48-hours. + +&#x200B; + +Rather than only focusing on recent days, I looked at year-to-date. Looking at this time period, we see a significant decrease in the index from 109.12 points on January 1, 2022 to yesterday's close of 100.82; + +&#x200B; + +https://preview.redd.it/eamt5f2273y81.png?width=1436&format=png&auto=webp&s=75f40d3f146acf09950db5ae75464a56f8de4418 + +Let's quickly recap, now. + +&#x200B; + +• Prior to the 2015-2016 period, the index was at 107.40 + +• Prior to the 2020 Covid Crash, the index was at 109.48 + +• We closed yesterday at **100.82** + +&#x200B; + +**TLDR**: The basket of credit default swaps is looking veeeeerry uncertain, and credit risk is rising. And we know how much the market dislikes uncertainty. + + +\---------------------------------- +**References**: + + +[https://www.markit.com/Company/Files/DownloadFilesCMSID=1ec08990b6814532ad075e242b34160d](https://www.markit.com/Company/Files/DownloadFilesCMSID=1ec08990b6814532ad075e242b34160d) + +&#x200B; + +[https://www.investopedia.com/timeline-of-stock-market-crashes-5217820#:\~:text=The%202020%20Coronavirus%20Stock%20Market%20Crash%20is%20the%20most%20recent,triggered%20in%20a%20single%20day](https://www.investopedia.com/timeline-of-stock-market-crashes-5217820#:~:text=The%202020%20Coronavirus%20Stock%20Market%20Crash%20is%20the%20most%20recent,triggered%20in%20a%20single%20day) + +&#x200B; + +[https://www.bloomberg.com/news/articles/2022-02-11/credit-risk-gauge-soars-after-u-s-warning-about-ukraine](https://www.bloomberg.com/news/articles/2022-02-11/credit-risk-gauge-soars-after-u-s-warning-about-ukraine) +Guten Tag to this global band of Apes! 👋🦍 + +Last week brought a very welcome 21% increase in GME share price, along with quite a lot of indicators that the SHFs are losing control.While I won't believe *that* until the MOASS hits, I do get excited about things like XRT reaching 1300% short, ORTEX showing 100% utilization and a short squeeze indicator, media silence on 20%+ increases, and a steady stream of DRS posts showing that Apes are committed to locking the float outside of the DTCC. + +As we look ahead to what this week will bring, there is a lot of uncertainty about the events surrounding Ukraine and how that will impact markets.I'm sure that the SHFs are going to do their best to not let such a crisis go to waste, but nevertheless, GameStop continues to be a fantastic investment and there is nothing they can do to convince me otherwise. Our Diamantenhände can withstand any amount of FUD they can muster. + +Today is Monday, February 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$123.66 / 108,31 €** *(volume: 1931)* +- 🟩 115 minutes in: $123.87 / 108,50 € *(volume: 1902)* +- 🟩 110 minutes in: $123.86 / 108,49 € *(volume: 1882)* +- 🟥 105 minutes in: $123.85 / 108,47 € *(volume: 1846)* +- 🟩 100 minutes in: $123.93 / 108,55 € *(volume: 1839)* +- ⬜ 95 minutes in: $123.85 / 108,47 € *(volume: 1708)* +- 🟥 90 minutes in: $123.85 / 108,47 € *(volume: 1544)* +- 🟩 85 minutes in: $124.07 / 108,67 € *(volume: 1493)* +- 🟥 80 minutes in: $123.83 / 108,46 € *(volume: 1438)* +- 🟥 75 minutes in: $123.89 / 108,51 € *(volume: 1336)* +- ⬜ 70 minutes in: $123.93 / 108,55 € *(volume: 1324)* +- ⬜ 65 minutes in: $123.93 / 108,55 € *(volume: 1310)* +- ⬜ 60 minutes in: $123.93 / 108,55 € *(volume: 1217)* +- ⬜ 55 minutes in: $123.93 / 108,55 € *(volume: 1133)* +- ⬜ 50 minutes in: $123.93 / 108,55 € *(volume: 1082)* +- ⬜ 45 minutes in: $123.93 / 108,55 € *(volume: 1077)* +- ⬜ 40 minutes in: $123.93 / 108,55 € *(volume: 986)* +- ⬜ 35 minutes in: $123.93 / 108,55 € *(volume: 974)* +- 🟥 30 minutes in: $123.93 / 108,55 € *(volume: 944)* +- 🟥 25 minutes in: $124.62 / 109,15 € *(volume: 790)* +- 🟩 20 minutes in: $125.20 / 109,66 € *(volume: 465)* +- 🟥 15 minutes in: $125.14 / 109,61 € *(volume: 395)* +- 🟥 10 minutes in: $125.20 / 109,66 € *(volume: 361)* +- 🟥 5 minutes in: $125.79 / 110,18 € *(volume: 104)* +- 🟩 0 minutes in: $125.97 / 110,34 € *(volume: 70)* +- 🟥 US close price: $124.25 / 108,83 € *($125.00 / 109,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1417. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I am contemplating reducing to part-time work in Jan. 2023 to spend more time with my family, which includes two younger children and spouse. I have run retirement calculators on NewRetirement and many Monte Carlo simulators, and am trying to get comfortable with financial and non-financial uncertainty. + +**Current stats:** + +1. Legal role and Marketing spouse in mid-level market making $900K annually. Both currently early 40s. +2. Current invested assets $3.5 M excluding home equity. 80% equity index funds/20% bond index funds. Anticipate being at $4 M in Jan. 2023 based solely on new money added to investments. +3. Current spend = $140K annually with mortgage and childcare. Excludes healthcare and taxes. + +**Why go part-time?** Kids are young, work is a bear, it's taking a toll on personal health and mental health. Going part-time would allow me to try tapering and also mentally decide if retiring fully makes sense long-term. Theoretically, this is reversible if I decide I really miss work or want to go back. More specifically: + +* Have not taken a day off in six-months due to work stress. +* Was losing sleep over work. Going to mental health counseling. +* Brought on an associate to share the workload, but still training. +* Kids will grow out of wanting to spend time with us as they get older. + +**Why keep working?** The market is still so uncertain. We're in the midst of a downturn and now is the time to continue to earn more/invest more. Going part-time would likely reduce our income to around $400-500K for 3 day a week schedule. + +* Not sure how I would fill the remainder of the week, but spending more time with the kids would be great. +* Concerned that once I take the gas off, there will be a perception that I am undependable, or that I am voluntarily reducing compensation. It may be hard to be compensated back at original comp. Basically, it seems I am leaving money on the table, perhaps around $1.2M over the next three years by going part-time. + +**Thoughts? Have others done this? Which will cause less regret later?** +Good morning everyone. Just posting to see if anyone has any tips other than slowly paying everything off. + +I make around 60k a year and my wife makes around 40 but will make 46k next year after her automatic promotion. + +We have a ton of debt. We both had Credit scores in the 700s last year but we are going downhill fast. + +My dad was diagnosed with colon cancer and was no longer able to work for two years before his death this past July at age 49. My mom was a stay at home mom and they were struggling so i took out two personal loans totaling 35k to help them out. Then my wife (26) got pregnant and didn't work for the first six months of my son's life which was great for our family but horrible for our finances as i didn't make enough to cover all our bills so i reported to Credit cards to keep us afloat. + +She just got her new job in June and it has helped but we are in deep trouble. We have three credit cards, one we owe 8k, one 7k and the other 3.5k. Personal loans totaling 35k, mortgage is $710 a month. Car payments totaling $700 per month. We don't have cable tv, just internet and hulu/netflix totaling 65 a month. I work midnights and she works daytime and we both commute about 80 miles each day which comes to about $325 in gas a month not including any other travel. Daycare usually two days a week totaling $90 per week. All other utilities and insurances total about $350 per month plus $130 for cell phones. + +I'd love to drop my car payment of $420 but I'm underwater on the loan by about $4k so I'm not sure it makes sense to get rid of it yet. + + +We already had both cars before helping out my parents with the personal loans and then having my son, which we don't regret whatsoever he's been a blessing. + +Do you all have any tips or just budget and chip away? Thank you! + + + +Edit: the personal loans are 12 percent interest...i didn't have much choice at the time. + + + + +Edit again: thank you all for your help I'm currently trying to get back to everyone that private messaged me! I hope to have our finances squared away within three years... Thank you all again. +I know presently Indian Tech companies are performing well because most of the world outsource their back end IT Programming work to these companies + +But with companies like Microsoft and Google and NVDIA going all in on developing AI and Automation solutions for businesses, I wonder how long till the US companies stop outsourcing their IT work and just implement and AI for the same + +Example:- Today companies like Apple have outsourced their Tech Assist call centres jobs to Indian companies, but sooner or later all the Call Centre jobs will get replaced by Virtual Assist bots + +What do you think guys? +So I've been saving up to buy a shop/office/showroom(if I wait to save up for even more) in a prime location in tier-1 city of this part of the country. The builder has their PDFs-data structured out well, in terms of mode of payments. I'm a newb-noob person in investment altogether. I'm thinking from a perspective that if I buy this, I'll have a solid asset in my life(from this start point in my life). Asking whether it would be good or not, is a shallow question perhaps. + +The structure is somewhat like, we buy it right now, we will get the possession in next 3 years. Once that happens they will also find the tenant to rent this shop/office/showroom for. Whatever rent comes through that, they will get around 9% (or some percent) of commision for next 10 years. I know this is like a common format in the market, but since I didn't know the technical tname name for it, I thought to describe it in words. + +I know it is safe because my cousin has invested in it in recent past. I want to know what are the technical, social, political metrics that I should analyse before buying this. I have searched online, but articles, websites are obviously too generic. YouTube videos are often times some kind of promotion. So please advice, guide, recommend any knowledge that can help me in long term.^(not only in real estate but weatlth compounding creation in general, as a software engineer I only know how to get job and work, and on the way to learn investments :) ) +Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. + +Friedman, the great free-market champion of the last 50 years and one of the most influential economists of the last 200 years, died in November 2006 at 94. Here's [more](https://fee.org/articles/the-great-depression-according-to-milton-friedman/). + +&#x200B; + +https://i.redd.it/mp1n8helfxd91.gif + +Here is a [speech](https://www.youtube.com/watch?v=dgyQsIGLt_w&ab_channel=LibertyPen) where he briefly explains his theory that the FED was responsible for the Great Depression, and that the public sentiment that it was a failure of private business was and is a fabricated lie. He also has a book + +I've transcribed it you would rather read than watch and listen; + +>There is hardly any view that is more widespread than the view that somehow or other the Great Depression was produced by the failure of private business. That view is held not only by those who are in favor of greater role of government, it is held by almost everybody! I venture to suggest that if you go to almost any bankers...9 out of 10 of them...would say '*Well of course the Great Depression was a failure of private business. It was due to an overextension, overspeculation of the 1920s, or it was due to an excessive concentration of wealth in the hands of the wealthy at the expense of the poor in the 1920s, or it was due to speculative investment abroad, or what, but it was a failure of private business and governemnt had to step in in order to rescue private business from its own failure.'* Nothing could be farther from the truth. +> +>The Great Depression was produced, in my opinion, ...by a failure of government. By a failure of monetary policy. It was produced by a failure of the Federal Reservce system to act in accordance with the intentions of those who established it. It was produced by a failure by the Federal Reservce system despite the presence of knowledge on the part of many of the people in the system about the right course of action. +> +>It's interesting to speculate for a moment about why this myth is so widespread. The answer is really very simple in this case; private enterprise has no press agents. The free market has no press agents. The government has a great many press agents. The Federal Reserve has a great many press agents. And the Federal Reserve of course would never admit, never proclaim that it produced the Great Depression. On the contrary. We're talking about the way institutions operate. You and I are the same as all the rest of us. We're all the same. The hardest thing in the world is for anybody to admit that he made a mistake. If any one of us makes a mistake, we can always find somebody else to blame. +> +>And if you read...the annual reports of the Federal Reserve system over a 50 year period, there's only one element of humor that lightens that test. And that is; the cyclical fluctuation and the powers of the Federal Reserve. In a good year, when things are good, when the economy is booming, you will read that the Federal Reserve, by its wise policy, by its efficacious management of money, has produced this fine situation. However, let things get bad, and all of the sudden the tone of the annual report is different. Then you discover that despite the best efforts of the Federal Reservce, outside forces combine to produce difficulties. Even at the depth of the Depression in 1933, when in the spring of that year, the Federal Reserve system, which had been established in order to prevent banking panics and keep banks from closing, when the Federal Reserve system itself closed its doors, and you had a banking holiday for 7 days, and when over the previous 3 years 1/3 of the banks of this country closed their doors and went broke, because, in my opinion, of the poor policy followed by the Federal Reserve system. +> +>Even in 1933, if you read the annual report, you will discover how much worse things would have been if the Federal Reserve hadn't behaved so well. +> +>Now as I say, I don't blame the members of the Federal Reserve for that, any one of us would do the same thing, we have to find somebody to blame, but as an objective scholar I can tell you what the facts are. The facts were that from 1929 to 1933, the total quantity of money in the United States, the amount of currency, the amount of bank deposits, what Mr Eccles referred to as M2, declined by 1/3. The total number of banks went down by 1/3. And why did the quantity of money decline? It declined because the Federal Reserve system failed to prevent the decline. The Federal Reserve system could have prevented the decline at all times. There never was a moment during that period when the Federal Reserve did not have the power to prevent the decline in the quanity of money. If it had prevented the decline in the quantity of money, you might still have had a recession, but it would have been a garden variety recession. It would have been over in the middle of 1930 or early in '31 at the latest. It would not have been the major catastrophe, not only for this country but throughout the rest of the world. +> +>Moreover, this is not only hindsight, at all times, the people at the Federal Reserve Bank of New York, and at a number of other banks, were pleading with the Federal Reserve board in Washington to do the right thing. At all times there were people in congress who were arguing that the Federal Reserve system should take a different course. At all times there were outside commentators. One of the Canadian banks was particularly prescient, but there were other commentators who were pointing out the disastrous effects on the American economy, of the restrictive policies that the Federal Reserve system was following,d and which was causing, was permitting and was facilitating a whole series of a series of bank runs. +> +>So the Great Depression was not produced by a failure of business. On the contrary. It was produced by a failure of government and a failure of government in an area in which responsibiliy had been assigned to governments since the founding of this country. The constitution of the United States gives congress the power to coin money and set the value thereof, and it was in the management of this fundamental function of governement that governments failed and produced the Great Depression. +> +>We have learned from that failure. The Federal Reserve will not fail in the same way again. This time it will fail in a different way. (laughter) This time it has been failing, not by producing a depression but by producing an inflation. Because just as you will hear the story that it was business that responsible for the depression, so you will today hear the story that it is labor and management that are responsible for inflation. It is the same kind of a myth. +> +>Inflation is made in one place and one place only; Washington DC. And in Washington DC, the chief source, immediate source of inflation, is a Greek temple on Constitution Avenue which houses the Federal Reserve board. And a major accomplice of course sits in the halls of Congress in Washington. +> +>They are a major accomplice becuse because you tell them to be. The American people have been telling people for many years, '*spend more money on yu, please!'* But they've been telling us, '*Don't raise our taxes!*'. Congress has been listening. It's been spending more money on you, but on the other hand it's been very unwilling to raise taxes. As a result, it has imposed inflation as a tax. That's one tax that you don't have to vote for, but you have to pay. + +&#x200B; + +What an intelligent, rational and empathetic expression of opinion. Whether he's right or wrong, be like Milton. + +Oh, and end the Fed. +Just mildly furious. We've seriously struggled the last five years, Been homeless and jobless for a lot of it, and I finally feel like my family is in a good spot. We moved into a good area and my partner got a job so we can afford the rent. + +But guess what? Now we make too much money for our government assistance. The job my partner got is a delivery job to just help with rent. But the dws doesn't take rent into account. Why would they? When rent is so enormously high, it takes up more than half my paycheck? It's unbelievable. I feel like I'm doing everything I can right. Making good choices and hard sacrifices. But I'm being held down and punished for my circumstances. Just needed to rant to keep myself from revolting. For now at least. +Much of the debate on the RC's recommendations relating to mortgage brokers, both here and in the wider media, seems to be proceeding without any reference to the case studies and evidence that were actually examined by the RC. I hope to give a fair summary of those case studies and evidence which will shed some light on Hayne's decision to recommend a fees for service model, but of course there may be disagreement about what the evidence shows and you should draw your own conclusions in that regard. + +Two case studies focused on mortgage broking. The first was called "CBA broker relations and accreditation"; the second was called "Aussie Home Loans broker misconduct". In my opinion, the first case study is somewhat more relevant to the fees for service recommendation than the second. All page references are to Volume 2 of the Interim Report. + +**CBA broker relations and accreditation** + +* CBA got 41% of its home loans through its third party distribution channel (p. 17). + +* Brokers who wish to submit home loan applications to CBA had to go through an accreditation process. To maintain accreditation, they had to submit at least 4, and settle at least 3, home loan applications in a 6-month period (p. 17). + +* CBA receives home loan applications through mortgage aggregators and franchisors ('Head Groups') (p. 17). CBA's contracts with Head Groups require Head Groups to promote CBA's reputation and products (p. 18). + +* Head Groups were paid bonuses if they met performance targets and if Head Groups promoted other CBA products, with these payments (or portions) being passed on to individual brokers (p. 19). + +* CBA gave non-financial benefits to brokers directly, eg tickets to hospitality or sporting events - up until December 2017 there was no limit on the value of benefits that could be given, but afterwards it was limited to $350 per year per broker (p. 19). + +* Until shortly before the RC hearings on brokers, CBA divided its brokers into four 'tiers'. Those in higher tiers had their loan applications turned around faster. Brokers got to higher tiers primarily by volume of loans submitted and drawn down, but possibly also through other unspecified reasons under the 'quality and complementary metrics' (p. 20). + +* CBA's broker-originated loans have higher total debt-to-income levels, higher loan-to-value ratios, and higher interest costs than loans from its proprietary channel (i.e. loans made directly by CBA through its branches/employees) (p. 21). ASIC also found that this was the case, and that overall broker loans had higher incurred costs (p. 29). + +* CBA did not tell customers the amount of the commissions paid to Head Groups or brokers (p. 22). + +* In 2017, CBA revoked 710 accreditations on the basis of broker 'inactivity', i.e. not submitting enough home loan applications (p. 23). + +**Aussie Home Loans misconduct** + +* Aussie Home Loans was a subsidiary of CBA (it has now been spun off) (p. 33). + +* From 2011 to 2015, four AHL brokers falsified documents including bank statements, payslips and employment letters in home loan applications (p. 33). + +* AHL did not detect any of this misconduct by itself - it was discovered only when the lender informed AHL after investigating (p. 34). + +* AHL did not report any of the misconduct to police and did not report three of the four brokers to any professional associations that had the power to expel the brokers (p. 35). + +* AHL did not notify any customers about the broker misconduct, instead simply transferring affected customers to new brokers (p. 35). + +* AHL took no steps to investigate whether other loans, including those that originated through the four brokers, were affected by misconduct (p. 40). +I made [this spreadsheet](https://docs.google.com/spreadsheets/d/10poQV7M3ExQwBu0GK0X8ySKu8h99fXe8kly-Rxlht00/edit?usp=sharing) to help calculate the tax savings by contributing more into super. + +E.G. say someone was on 90K and they wanted to make a 17K contribution into super. This would put them above the 25K concessional contribution limit for the year but would be ok if they were using the [carry forward rule](https://www.ato.gov.au/individuals/super/in-detail/growing-your-super/super-contributions---too-much-can-mean-extra-tax/?page=6). + +They would save $2,975 in taxes (income tax before contribution - income tax after contribution - tax on contribution going into super). + +You can copy the spreadsheet, it should copy the formula's and you can play around with the numbers yourselves. + +EDIT: I’ve also given myself the goal of [300k in super by the time I’m 40](https://bughuntersam.com/coast-retirement-via-super/) because that will allow me to coast financially in retirement. So I plan on making full use of these concessional contributions limits/tax benefits over the next few years. +Hi there +I've bought a brand new apartment on the new build estate in my local town. I bought it through the Help To Buy (HTB) scheme. Breakdown as follows: + +£110 000 purchase price +£82 000 mortgage +£22 500 HTB +£5 500 cash deposit +Between the deposit and furnishings (£3000) and upgrades such as better carpets, spotlights, ceramic hob and integrated fittings (£2500) I've put everything I've got into my first home. All my savings etc. + +Move in day was Thursday. Found out that in the apartment block of six apartments one has been bought by my ex's family, with whom I had a traumatic break up with which left me in a bad place for quite a while. Obviously I don't and can't be living in the same building as the next chapter of my life cannot start with reminders of the old some 30 feet away from me. + +I have been able to return £2000 of the furniture to various retailers and will keep the remainder at my family home. + +My query to PF is: I have been told my the sales manager of the building company that I can't sell the flat for more than £110 000, even though there is considerable demand for these apartments in the area and there is only one more block of six being completed in October this year. +Am I able to involve an estate agent and have it valued separately to consider both the cost of upgrades and the supply/demand that exists? + +Do you have any other advice for me? This is really the most unbelievable set of circumstances and the odds of which must be really something quite ridiculous. Heartbroken and devastated as it has taken me several years of saving to get to Thursday and it's been swept from under me. +Thank you so much in advance. + +x-post /r/personalfinance +Here is the chart I'm looking at: [https://imgur.com/a/yWcRXel](https://imgur.com/a/yWcRXel) + +It was a random image I found, but there were a few notes on it: + +\- multiply the balance of your investment accounts by your age's Wealth Multiplier to calculate projected growth by age 65 (assuming no further contributions) + +\- chart assumes an expected lifetime return for ages 0 - 20 is 10% per year, decreasing by 0.1% each year after 20, reach a 5.5% terminal return at 65 + +&#x200B; + +I have some questions based on this chart + info. + +1. What kind of investment account do I need? I'm not sure what that means, its pretty vague. Is there a standard place to just invest? I assume there are probably many options to choose from - how do I choose what is best? My work has a 401k plan already that I'm set up on, is that the same thing? +2. Is the expected lifetime return assumption the chart makes reasonable? I have no context for this. +3. I am 30 right now. Does that mean I need to invest $339.93 every month till I'm 65 to become a millionaire? +4. Is this a safe investment strategy? Are there risks? + +I guess the chart seems too good to be true so I'm wondering what caveats there are or what I'm missing here. I could easily put away $340 every month from here on out, but that seems too easy. Are there significant risks I'm not seeing here? + +Thanks. +This does include forecasts, but I'm interested in any theoretical results, whether about the present, the future, or timeless. E.g. downward-sloping demand is a theoretical result t̶h̶a̶t̶ ̶c̶a̶n̶ ̶b̶e̶ ̶d̶e̶r̶i̶v̶e̶d̶ ̶f̶r̶o̶m̶ ̶c̶o̶n̶v̶e̶x̶ ̶p̶r̶e̶f̶e̶r̶e̶n̶c̶e̶s̶. + +Are there theoretical results from well-known economic models, which are not common sense, but are empirically well-supported? What are some examples? +How did their central planners calculate the amount of goods to produce and their price without the laws of supply and demand? It seems really weird. How could they produce anything without knowing how much to make? Isn't that why they had frequent shortages of basic goods like food? + +Please be neutral as possible. +Hey folks. So, in chapter 8 of Charles I Jones and Dietrich Vollrath's textbook "Introduction to Economic Growth", they authors spend most of the chapter explaining how all of economic history can be seen through the lens of population growth and technological innovation. They say that innovation is the "engine of growth" but that population size and growth is the long run determinant of innovation itself. + +They argue that we escaped a Malthusian lifestyle because, over time, small innovations allowed us to increase our population in the long run, but not our per capita incomes. Over time, however, our populations got large enough that all the additional people being around led to enough of an increase in the rate of innovation (due to there being more minds thinking and larger markets due to the larger population) to break out of the Malthusian cycle and increase per capita incomes. + +This story makes a lot of sense on the surface, but I have a few questions about it. + +1. Near the end of the chapter, the authors state that England's advantage in comparative economic development (and hence why the industrial revolution started there rather than anywhere else) was actually that it had a *low* rate of population growth rather than a high rate. How does this make sense in their model, when they just spent 20 pages telling me the opposite should be true? + +2. If population is the primary driver of innovation, shouldn't the industrial revolution have happened in China or India? Why is per capita income in India so low relative to France if population drives innovation and innovation drives growth? Surely population is not all of the story, or perhaps not even the primary driver at all + +Thanks for reading! +Recently this semester I learned about Bertrand paradox, and today net neutrality has been repealed but I am honestly curious if that matters or not. +Assuming identical products (internet) same Marginal Costs (cost of producing one more unit of internet is close to 0 I would guess), Bertrand paradox states that price is going to equal marginal cost even if only 2 firms. To my understanding this is why the airline industry makes 0 economic profit. So is it wrong to think that we are just freaking out about net neutrality for nothing? The only way it could be a problem is if all the internet providers collude, but each firm has incentive to cheat like all cartels. Also I believe that is illegal. + +Will there still be tiered access? Will people still have to pay more for fast internet? From what I understand, it shouldn't matter but I am just a student. Thoughts? +I understand that a single company has more incentive to innovate if competitors can't use its innovation, but without patent laws, this technology would be adopted (virtually) universally, and every single decentralized innovation would be incorporated by other companies, something like the policentricity concept of science of Michael Polanyi. + +Do models used to calculate the net effect of patent laws take into account the innovation that did not happen because the technology was monopolized? How is it measured? +What would happen to imports & exports if the USA got rid of income, SSI, & Medicare taxes and taxed sales instead? Would this reduce USA labor costs & increase the amount of work done in the USA? +I don't think we've celebrated enough knowing that the DD has once again proven itself correct... that we have been digging in the right places, and that ALL the speculation can be right, in the near OR far future.... the digital world is about to change. AND WE OWN STOCK IN THE COMPANY THATS GONNA START IT, BITCHES. 🥳 +Found out today, after several lengthy phone calls and a lot of “we don’t have to tell you per our customer agreement”, that the reason my Fidelity account of 7 years was closed suddenly in February was because I work for a Cannabis company. The representative said that they are cutting ties with all accounts that are cannabis related. They insisted they sent me a letter notifying me but could not/would not confirm the mailing address. I received no letter to my knowledge. + +This is a bit of a shock and now will have to transfer everything to a new platform. Anyone have advice on Cannabis friendly platforms where I could transfer my small rollover ira to? +My wife and I are early 30’s, have worked hard, caught good breaks, delayed gratification, and have paid off student loans and our mortgage. We are now debt free and own our home outright. + +I realized if you want something different than everyone around you, you will have to do things differently. This may lead to people calling you frugal, or saying you shouldn’t pay off your mortgage. + +Each choice I have made to attack debt or not take on new debt has led to the next, and once you pay off debt it impacts your decision making moving forward. You really don’t want to take on any more debt. It is too much work to pay it off to go through it again. + +I realized after graduation that paying off my student debt in 3 years instead of 15-30 will save $100k +. Lifetime earnings are finite. I turned down my ego, moved in with my parents, worked and worked overtime and put everything I made towards my student loans for 3 years. + +Sacrifice: living with parents for 3 years and driving a $3,500 car while most people in my cohort were living on their own and driving nicer cars + +Luck: having parents willing to let me live with them. + +I met my now wife, bought an inexpensive home. We continued to drive inexpensive cars and contributed to 401ks / HSAs. Extra money was put in stock for down payment for next house. + +$100k more or less on a new mortgage at ~3% does not change the monthly obligation drastically- it is so easy to take on a big mortgage with today’s rates. I realized the true game changer for us is not having a mortgage. We decided to use the money saved to payoff our current house instead of upgrading to one that would take us 15-20 years to pay off. It is amazing how much money you pay in interest on a $300k-500k mortgage over a 15 or 20 year period, even with low interest rates. If you think that this is “free money” you probably have not met a banker. Banks are rich off this. + +I don’t necessarily want to retire early. I don’t want a second home. It just puts a huge smile on my face knowing that I am actively choosing to go to work every day and I have no debt / financial obligations. It is really a much more carefree existence, and exponentially more so than when I had “most” of my mortgage paid down. Being grateful for what you have every day and realizing that even owning a car is a luxury in this world is helpful in getting there and avoiding upgrade-itis. Marie Kondo is also helpful- sell the stuff you don’t use and need. Ask yourself- is this item you have or want something you want to take with you into the next part of your life? + +Hope this inspires others to do the same, or whatever makes them happy + +Edit: this forum cracks me up. I posted here because this forums definition of financial independence is “not having to work for money.” To me, this is different than debt optimization or leverage. If you have a huge mortgage and are choosing not to pay it off despite having significant investment income, the markets will dictate your level of FI at any given time. Are you wealthy? Maybe. Will your money earn more this way over your lifetime? Possibly, or even probably. Do you own your house? No, the bank does. Does a large market downturn mean you are walking around with your pants around your ankles, like a clown? If so, then no, you are not financially independent. +Why does this matter? End of year reporting requirements. All the funds and market makers can hide their positions all year. But they have to file a yearly report, and that report is based on fair market value of holdings. + +My thoughts below are 100% speculation. I don’t even have a crayon drawing for you. Just a thought to consider: + +What happens if the announcement comes on Friday? The price moons. Wherever it ends up by close is what those fuks have to use in their year end report. + +Maybe the end of year report is already why Shitadel restricted investor withdrawals. They KNOW that report is going to be terrible. All these funds are about to have massive outflows of capital. They are worried about Investors running for the hills. If announcement comes and GME moons Friday, then those reports will be much, much worse than they have planned for. + +Edit: so this end of year report theory could also explain why the market is hitting daily all time highs despite Covid also hitting all time records. Everyone (banks, funds, etc) trying to get those numbers up before end of year reports. + +Edit 2: Shitadel 2020 year end report. Numbers cutoff is definitely Dec 31. +https://sec.report/Document/0001616344-21-000004/ +**"Never catch a falling knife"** - ETH dropped like a knife quite a few times, would've been a good catch + +**"Never invest more than you can afford to lose"** - People assume it can "all very well go down to zero", yet I haven't seen any proof of this. Since the inception of Bitcoin, markets have only been going toward a trillion rather than toward 0. Yet, people keep repeating this "wisdom" as if it could be likely. + +More interesting would've been to invest double as much as you can afford to lose, cause markets generally never correct by more than 50 % on average (instead of 100 %). + +People who got tricked into believing it can go easily down to 0, have only invested 50 % of what they could have afforded to invest. Say you can afford to lose 1000, then you can invest 2000 since 50 % drop puts you at 1000 on which you exit and you've only invested what you could afford to lose. + +If you had taken this approach, you would've had the 10x returns we've seen rather than the 50 % drops that you tried to cover but didn't happen. This person now only earned 10 000 while they could've earned 20 000 with the same perceived risks. That's a huge difference in gains compared to the small increased extra investment you had to take but didn't, for no good reason. + +**"Diversify into other assets"** - Overall, the crypto market has outperformed any other asset class out there, diversification would've dragged your winnings down. Are we here to earn life-changing money, or are we here to earn ourselves a new Playstation 4 ? Go for that once-in-a-lifetime opportunity and go for that life-changing money goddamn-it. You aren't going to get 20x returns on Google stock or Oil Investment Company since these markets have grown to maturity already. Go for that immature low-key small market of booming tech. + +**"Don't invest in a bubble, it's gonna pop"** - There is nothing that can go from 0 to a trillion without some high short-term bull runs. These bull runs will always look the same as a bubble. But it doesn't make it a bubble. I heard of people who considered Ethereum to be in a bubble after a rapid rise from $ 0.70 to $3.00 and decided against investing "because bubble". But people today, can only be jealous when they hear $3.00. Both groups of people missed out. + + +June 28: [Get as many Didi shares as you can after the Chinese ride-hailing giant goes public, Jim Cramer says](https://www.cnbc.com/2021/06/28/jim-cramer-on-didi-ipo-get-as-many-shares-as-you-can.html) + + +July 6: [Why Jim Cramer Says Investors Should Stay Away From Didi](https://www.thestreet.com/jim-cramer/jim-cramer-didi-china-scrutiny-tech) + +Honestly, avoid taking this guy seriously. +Here’s my situation: I currently drive a 2006 Subaru Outback. It’s a great car that will last several more years. However, I am needing a truck for work. Hauling tools, wood, and equipment in my Subaru is doable but very limited space and it gets very dirty. + +My goal for a truck is a $150 monthly payment (I know it’s low), and currently the best way to achieve that is through leasing a Toyota Tacoma and putting down 10k. My plan to put down 10k will come partially from the resale of my Subaru and partially from saved money. With insurance I’m looking at around $210 each month which is within my budget. If I do this, I plan on purchasing the truck after the lease is up. + +Is this plan smart financially? I want to do the right thing and this seems like a good option to pursue for my current situation. Thanks + +Edit: I’m unable to store a trailer where I live due to HOA regulations + +Edit 2: thanks for the input. It looks like I probably need to explore my options outside of a new car first. If I elect to do a lease I will not be putting 10k down. I didn’t know that money could be lost if something happened +I've been holding through the highs and lows and I just love Mondays when all the other holders come back from the silence of the weekend with optimism, new memes and extra money they've borrowed off their wifes boyfriend to buy more shares! + +They said it wouldn't happen once... +IT DID! + +They said it go over $50 again... +IT DID! + +They said the shorts where covered... +THEY WERNT + +Its almost as if the professionals, aren't that professional after all.... + +Read the various DD out there, don't pay attention to the news. Form your own opinion because if we have learnt anything so far its that crayon eaters are more accurate than experts! + +Have a fun week and only spend what you can afford to lose. + +This is not financial advise, I honestly just sat on my phone and it typed this. +There's so many options for financial advisors out there, and I don't know my best option. I had planned on taking my portfolio on myself, but the fact of the matter is, I've just acquired a job making a lot more money than I ever have (over six figures), and my cost of living is low. However, I have some credit card debt I need to eliminate, which won't take long, a (Roth?) IRA that's just been sitting there and I just found, and won't be eligible for a 401(k) until Spring 2022. + +I need to start to set out a financial plan, and to get help from someone who can help me set goals with an uncertain future. (Like, I don't have kids, I don't have a girlfriend/wife, my car is paid off, so I don't really know when I could potentially retire or what lifestyle I plan on living with, as kids or a new home purchase or something could definitely be in the cards in the next 30 years or so.) + +I've been trying to understand this myself, but not getting much traction in avoiding wasting money, taxes, etc. +Fiancée and I are graduating this spring. I’ve been offered a job estimating pay to be around 55k salary. Included will be gas allowance, bonuses for closings, and small other benefits. + +Rent for next 12 month lease is $1,175. We’re getting married July 1st. She’s doing grad school and will be working as well, but I want to try and support us as much as possible so she can pay for school and existing loans (I’ll graduate debt free, hers is only about 15-18k!) + +I would like to save for retirement, house, and new car (car is at least a year down the road before I even start looking) + +I’m not sure what post-tax salary will look like and I’m wondering if I will make enough to support her like 90% or so, only asking for her to cover small utility bills and some food so she can focus on her masters. + +Any advice and words of wisdom welcome! + +I am wanting to plan living costs off of salary so that any bonuses and allowance from work actually feel like bonuses and not checks I need to live off of + +Edit: Sorry! Forgot to mention no state income tax +I recently recieved a bill for about $1200 dollars from a doctors visit over 18 months ago claiming that this bill is overdue, that this was my fifth notice, and I was about to be sent to collections. This is the first such letter I've received. + +Looking back on past bank statements I can see that I paid this doctors office about $250 right around that time. I do not have a copy of the original bill from this office. I called the office and they claim that my insurance paid the remaining balance of ~$1200 dollars only to rescind the payment the next day and that they (docs office) have sent me four letters since that time. + +The original appointment was in March 2015, they claimed to have sent letters in September and October of 2015 and in August and September of this year. + +Do I have any recourse against this doctors office or am I screwed? If I call the insurance company what questions do I ask to get to the bottom of this? Thanks all for your help. + +EDIT: This blew up! Thanks everyone so much for your responses, I'm taking my time to read them all. I'll contact the doc office and insurance tomorrow and try to get this worked out. You are all the best! + +EDIT 2: Success! After getting an online EOB from my insurance company, we found that this bill HAD been paid and was never rescinded. It was a complete clerical error on the part of the doctors office. You guys are truly the greatest. Now does anyone have any advice on how to get back the hours of my life lost dealing with this? +Don't ignore this post like the 800 before it. Listen to me. + +**Go to your vault right now, and do a manual backup of your seed phrase.** + +Whenever you update/reinstall the reddit app, you're forced to enter your vault password or seed phrase. + +**ITS NOT A REQUIREMENT TO MAKE A PASSWORD FOR YOUR VAULT WHEN YOUR FIRST SET IT UP, AND NO, YOUR VAULT PASSWORD IS NOT THE SAME AS YOUR REDDIT ACCOUNT PASSWORD** + +Don't lock yourself out of your hard-earned moons because you're lazy... + +Go back that shit up now. I'll wait. +I was reading a post in FF earlier tonight in which someone mentioned checking out the r/povertyfinance reddit to see how their less-fortunate parents probably endured tough years. I checked it out too, and it definitely made me feel very grateful. It also got me thinking about how everyone here gives back. + +So, for those enjoying FF and on their way -- in what ways do you give? Looking for specifics -- I'd love to hear what specific charities / causes / orgs you support, and why. + +And if there are other ways you give back besides charitable giving, by all means, would be awesome to hear. For example, I have a windfall coming soon, and I'm interested in setting up a small scholarship fund in my family member's name at his alma mater for the program he was passionate about. +UK Parliament seized internal documents related to Facebook’s privacy and data decisions. + +No one is going to like what the sausage factory actually does to make money... + +https://www.theverge.com/2018/11/25/18111007/uk-parliament-seized-internal-facebook-documents-app-developer-six4three-cambridge-analytica +The confirmation has never been this firm, and is no longer bias. 5.2 million shares directly registered with Computershare. The countdown has begun and it’s no longer a question of if, but when. + +Have you asked yourself what you’ll do when you’re free? When you don’t need to work, what will you do with your time? My plan is to help as many other people to be free as possible. I’m not remarkably talented at anything, but I can empower people who are. +[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 your 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://redd.it/vp01of) + +>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! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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/) +Here's a thought experiment. + +Say you're living comfortably and buying everything you want, within reason. You're spending extravagantly on the things that give you pleasure (nice car, video games, domestic travel), and mercilessly cutting costs on pointless spending that don't bring you enjoyment (no expensive house/condo, international vacations, tons of children). By doing this, you're able to save 40-50% of your income and are on the path to FIRE within 8-10yrs. + +So let's suppose you're doing the above, and then suddenly your income doubles, or I don't know maybe it triples. At what point would you spend more? And if you do spend more, how would you decide what to spend money on? Would you simply move up your FIRE date? What if you don't want to fully retire and do more of a barista FIRE? + +My situation: + +In the past couple years, I've basically decided that I don't want to fully retire. The closer I get to FIRE, the more the idea seems boring to me. I am pretty sure I would be unmotivated and I fear that my brain would rot and I would lose mental acuity. But at the same time, my salary and earning potential has crept up from where I had been able to retire at 40, but maybe that number is closer to 35 now. Instead of retiring, I think that I would probably get a barista FIRE job (public service job, non-profit, or stay in my current career and work part time 20hrs a week). Alternatively, I could just spend more, and keep my FIRE date target of 40. The thing is, I don't absolutely hate my job as is. I'm pretty much fine working 40-50hr weeks though my 30s. + +Even if I work part-time in my career field, I think I could still have a savings rate of about 30%. I would be fine doing this until I'm 60, but even that would leave me with too much savings. I feel like if I don't actually retire between 35-40, I'm at a real risk of over saving. Should I look into fat FIRE (not really sure what that is). + +TLDR; + +You can't take the money with you to the grave. So what should you do with it? +I have yet to have or know someone with a good job. I'm thankful for my job right now, but is there really such thing as low stress, high paying jobs, or are these jobs complete myths? +There is also clear evidence that what is destined to become the largest draw-down in Aussie housing market history is gradually extending to Brisbane and Perth. + +In what should come as no surprise to regular readers of this column, Australian house prices declined for the second month in a row in June – and the pace of losses is accelerating sharply. + +&#x200B; + +According to CoreLogic’s market-leading daily hedonic index, dwelling values in the five largest cities fell by more than 0.8 per cent in June, following a 0.4 per cent loss in May. + +&#x200B; + +Once again, the steepest losses were in Sydney, where dwelling values dropped by a chunky 1.5 per cent in June (versus -1.0 per cent in May), and Melbourne, where home values fell by 1.0 per cent (versus -0.7 per cent in May). + +&#x200B; + +House prices in Australia’s two largest conurbations are therefore declining at a double-digit annualised pace. + +&#x200B; + +Since their peak earlier this year, Sydney dwelling values have now lost 3.1 per cent while homes in Melbourne have declined by 1.9 per cent. + +There is also clear evidence that what is destined to become the largest draw-down in Aussie housing market history is gradually extending to Brisbane, where home values look to be rolling over, and Perth, where prices are moving sideways again. + +&#x200B; + +Pity the poor home buyers who went out and borrowed vast sums based on the RBA’s guidance that they would not lift interest rates until 2024 at the earliest. + +Sharp house price declines are an important signal for the Reserve Bank of Australia, which has said it will be watching housing conditions – and their impact on household spending –like a hawk. + +&#x200B; + +The housing market is, after all, the purest exemplification of the monetary policy transmission mechanism in practice. + +&#x200B; + +The RBA also looks to have backed away somewhat from its fixation with a 2.5 per cent “neutral” cash rate point estimate, which was being bandied around willy-nilly as some sort of reasonable target. + +&#x200B; + +In his most recent speech, the RBA’s governor, Phil Lowe, said: “I want to emphasise though that we are not on a pre-set path \[to a specific interest rate end point\]. + +&#x200B; + +“How fast we increase interest rates, and how far we need to go, will be guided by the incoming data and the board’s assessment of the outlook for inflation and the labour market.” + +&#x200B; + +Lowe stressed that the RBA “will be paying close attention to developments in the global economy, the evolution of labour costs and how household spending is responding to higher interest rates”. + +&#x200B; + +Last October, Coolabah forecast that national house prices would fall by a record 15 per cent to 25 per cent after the RBA’s first 100 basis points worth of rate increases (see here and here). We expected those increases to start in the middle of this year at the earliest. + +&#x200B; + +As it turned out, the RBA initiated the first increase in May. Peak-to-trough housing cycles in Australia typically take one to two years, although much depends on whether the RBA starts cutting rates after it completes its monetary policy tightening process. + +&#x200B; + +More volatile Australian housing cycles + +For more than a decade we have warned investors to expect much more volatile Australian housing cycles as a result of the huge increase in household debt and the regime change in the interest rate elasticity of savings and spending decisions. + +&#x200B; + +There have been some surprising claims that Coolabah’s housing forecasts are outlandish, even though they are fully supported by the RBA’s own model of the housing market, which actually points to even larger price declines and has been belatedly embraced by most bank economists. + +&#x200B; + +Perhaps the craziest response to our forecasts has been the suggestion that Australians should expect house prices to rise, not fall, in response to interest rate increases. + +&#x200B; + +Setting aside the fact that this proposition has no logical basis, it is empirically eviscerated by case studies of rate increases triggering house price falls in 2007-2008, 2010-2012 and 2017-2019. + +&#x200B; + +In 2017-2019, house prices dropped by 10 per cent to 11 per cent after the prudential regulator imposed macroprudential constraints that forced banks to materially lift their investment property loan rates. + +&#x200B; + +We also know that interest rate cuts in 2008-2009, 2011-2016, 2019-2020 and 2020 all precipitated substantial appreciation in national dwelling values. + +&#x200B; + +It should be simple for even a child to understand the idea that as the cost of buying a home rises and falls, the value of the asset will adjust accordingly. + +&#x200B; + +The same principle also applies to equities: as the interest rate one applies to value the stream of cash flows attributable to any company increases or decreases, the value of the shares in that company will also rise or fall. + +&#x200B; + +This is precisely why Coolabah forecast a 30 per cent to 60 per cent decline in US equities last December because we projected that 10-year bond yields in the US would increase from their 1.3 per cent level at the time to north of 3.2 per cent. + +[https://www.afr.com/wealth/personal-finance/the-aussie-housing-crash-is-accelerating-20220630-p5axxi](https://www.afr.com/wealth/personal-finance/the-aussie-housing-crash-is-accelerating-20220630-p5axxi) +What things have you found are the best ROI in the space? Veneers? Botox? Personal trainers? Personal stylists? Regular manicures? + +Obviously these things aren’t important to everyone but for those here that have gone down that path what do you recommend and what do you regret? +What are some analogous quantities — I.e. that measure some form of return over some form of variance? +Are there other quantities for the denominator that approximate ‘risk’ without resorting to past volatility? +I (M22) sound stupid here and extremely ungrateful in fairness. + +I kinda hate how I think about money. I make roughly £35,000 (with overtime), I have no debts, paid car and almost £15,000 in savings. I don't drink, smoke or have expensive tastes (apart from my £2,000 gaming setup). I work as many hours as I can, because I have always wanted to buy a house in a certain area, where the average house price is £250,000 - the area is expensive and has houses which cost £5 million plus. + +But I feel so disillusioned and I know that I am starting to give up. I feel as if I am wasting my younger years. I know in the UK, house ownership and being debt free is *extremely rare*, but I can't help but think that I will work all the hours possible to have a good life and I might not find anyone to be with, because of how boring I am. + +What should I do? Nothing makes me happy. I am not a huge party person either. I feel as if am to mature for my age, and it is actually making me depressed. +Hi guys, I’m relatively novice (8 months of investing). I lost around 20% of my entire portfolio value in the past 1.5 weeks, and I’m getting seriously nervous if that keeps going on. + +I know the rule: don’t invest what you are not willing to lose, but considering that my portfolio is made of solid stocks and ETF (AAPL, MSFT, TSM, NERD, VWRA and ARKK) I know it will rebound at some point. + +But I have no idea how many more red days are we going to see, and how to deal with this psychologically, as it’s super stressful now. +I see a lot of posts of people not wanting to get assigned on CSPs or wanting to roll out of the contract so the assignment doesn’t take place. When I write a CSP, I write it on a stock I like, at a price I want to own it at (usually close to the money). Then, I hope to get assigned so I own the stock at the price I wanted and I get premium as a “bonus”. Am I doing this wrong? Should I try harder to avoid assignment for better gains? +Didn't really have the urge to write this until I read about the success of /u/suomynona827 and a lot of the negativity that was on that thread, so I figured I'd tell my story as well. + +First off: + +* I don't track my income / spending as well as I could. + +* I lived with my parents for a couple of years. + +* I don't pay for my own healthcare yet. + +* I have taken probably a total of 1 year off work since I got into the workforce (probably averaged 10 months of working per year). + +* I keep my monthly bills pretty low. + +All I have really done so far is max out my Roth IRA each year since I was 18, I figure as long as I do that I can retire at 65 and my roth will be worth around $2m which will give me a safe withdraw of about $80k per year. My only additional long term goal will be to see how much I can lower the age I can afford to retire / get into fatfire. + +According to Mint as of this morning: + +* Checking account: $14.1k + +* Savings account: $25.1k + +* Roth IRA: $45k + +* 401k rolled into IRA: $5.4k + +* Total: $89.6k + +Couple of other things: + +* Crypto: Approximately $10k + +* 2 Cars: Approximately $20k + +Estimated NW: $119k + +I went to community college right out of high-school and have a useless associates degree. I was about $10k in debt and got into car sales. + +Income: + + +* First year $40k. + +* Second year $50k. + +* Third Year $50k. + +* Fourth Year $55k. + +* Fifth year $65k. + + +I mentioned that I have taken around 1 year off work over the last 5 years. The car business sucks, I'm an introvert, 1 week of vacation here and there is not close to enough. I've switched jobs twice, and left / came to one place, etc. I will take a few months off in between to go on a vacation, get healthy again, mentally reset, and enjoy not working 50+ hours a week. + +While I've been in the car business I have realized it is very monetarily rewarding, it isn't mentally stimulating enough or rewarding in any other way for me. I've begun to explore other industries and decided I want to learn how credit bureaus work and hope to help people who are credit challenged begin to improve their credit and overall financial wellbeing. + + +Feel free to ask any questions about my journey or the car business in general or criticize me, I'm off today and just watching movies all day recharging my batteries. +So I've never dabbled in trading crypto before. I've been watching the Bitcoin markets go up and up since 2013 but never had the courage to cough up my own funds. Always felt I missed the boat; I was too late. + +Enter 2017, Ethereum. I still feel I'm early here. + +I've decided to divest US$2 million from my stocks portfolio and deposit it into Kraken. Over the next few months, I'm going to be putting it into crypto: HODLs as well as shorts and max-leveraged longs. +Short term, I think ETH is going to correct at some point so I've opened a short position to start. Looking at XMR closely too. + +You can follow my trades on Twitter if you're interested. +I'll announce them as they come: + +https://twitter.com/fomoer +Hello everyone, + +I just landed two days ago, I am financing my own studies so trying to be careful with my spending + +At the moment, what seems to consume most is basically food and transportation + +Any tips ? + + +EDIT: Thank you all for all the advice provided! This gives a place to start +For the past two decades, Australia’s housing market has mostly been a one-way bet on rising prices. + + +Now, with the effects of coronavirus shutdowns reverberating through the economy and the nation set for its worst recession in 90 years, the concept that owning property is a license to print money is under threat. + +While the Covid-19 pandemic has upended property markets from Canada to Singapore, Australia is more vulnerable than most to a housing slump. It has one of the world’s highest levels of household debt, the nation’s banks are heavily exposed to mortgage lending, and many mom and pop investors rely on income from rental properties, which are also under pressure. + + +“Australia’s had an obsession with residential property for a long time,” said Richard Holden, professor of economics at the University of New South Wales. “A lot of people have a lot of their wealth tied up in residential property. I’m pretty worried.” + +Overexposed +Australian banks' mortgage books are equivalent to more than 80% of GDP + + +Sources: APRA, ABS, Bloomberg + +Note: Includes Westpac, National Australia, Commonwealth and ANZ Bank + +Commonwealth Bank of Australia, the nation’s largest home lender, estimates that under a short, sharp economic downturn this year followed by a quick recovery next year, house prices will fall 11% by March 2023. In the worst-case scenario of a prolonged recession, prices could plunge 32%. + +That’s a marked reversal from before coronavirus hit, when house prices were back near boom-time peaks, having rebounded rapidly since a 21-month slump bottomed out in June. Longer term, home values have tripled since the turn of the century, propelling Sydney and Melbourne into the ranks of the world’s least-affordable places to buy. + +Rescue Package +To help avoid a calamitous decline, banks have rolled out a huge assistance package, with almost 430,000 borrowers given a six-month payment holiday. All up, banks have deferred A$211 billion ($138 billion) of loans, including to businesses. Meantime, more than 6 million workers are receiving government wage subsidies of A$1,500 every two weeks. + +That has helped avoid a flood of forced sales that could drag down the entire market. Property listings in Sydney are down 27% from a year ago, according to data provider CoreLogic Inc. + +Along with would-be buyers vying for a smaller number of properties, there’s other factors helping prop up the market. Interest rates are at a record low, and most of the hundreds of thousands of jobs lost are concentrated among younger people in low-income work like hospitality and retail, who tend not to be homeowners. + +And after a brief pause during the height of social-distancing restrictions, open-house inspections and public auctions have restarted. + + +“The banks, and by extension the housing market, are fairly well firewalled at present, and it would take a lot to outweigh this,” said Tamar Hamlyn, co-founder of fixed-income investor Ardea Investment Management. “The most likely scenario is slowly lower prices in a low-turnover market, as in the absence of any forced selling it’s quite likely that the various buffers in place can prevent a shakeout for the time being.” + +Aftershock +Still, even as Australia starts to emerge from the shutdowns, the after-effects will linger for years. The central bank expects unemployment will peak at 10% this quarter, be at 9% at the end of this year, and hold above 6.5% for the next two years. + +And while banks are going all out to support existing borrowers, they are tightening the screws on new customers, placing less weight on variable income like bonuses and overtime when assessing borrowing capacity, and being ultra-cautious about people who work in hard-hit industries. + +“Banks aren’t going to lend based on a ‘future return to normality,’ they will lend on the now,” said Redom Syed, the founder of mortgage broker Confidence Finance. “A major shock to lending markets is coming.” + +Then there’s the sudden drying up of immigration, which has been one of the key drivers of house prices, particularly in Sydney and Melbourne where new arrivals tend to settle. + +On a net basis, more than 470,000 immigrants moved to Australia over the past two years. Now, with borders shut and international travel unlikely to resume anytime soon, the government is forecasting immigration will slump 85% in the year starting July 1. + +Immigration has been a key driver of Australian house-price growth +“Migration is going to the biggest feature of what drives housing market dynamics,” said Paul Bloxham, chief economist for Australia at HSBC Holdings Plc, and a former central bank official. “We see weaker demand for owner-occupied property, weaker demand for rental property and weaker demand for property for students.” + +Read more: Australia’s Closed Borders Harken Back to Pre-Globalized Economy + +Landlords are also facing an uncertain future. Unlike in the U.S. and Europe where big firms such as Blackstone Group Inc. and Vonovia SE own thousands of apartments, Australia’s rental market is largely a cottage industry of mom and pop landlords. For many, the monthly rent doesn’t cover their loan payments -- and instead they count on tax breaks and price growth to turn a profit. + +That leaves them in a precarious position if tenants can’t pay rent. While evictions have been suspended for six months, there is no financial support for renters, and instead the government has urged landlords and tenants to negotiate rent breaks themselves. + +Meantime, tens of thousands of international students are stranded overseas, leaving their rental apartments empty, while the shuttering of tourism has seen AirBnB units flood back to the market. + +Sydney Rents +“We are well aware of a surge in short-term accommodation now being advertised for long-term leasing,” said Louis Christopher, managing director at consultancy SQM Research. + +Rents in Sydney have fallen about 6% from a year ago, and will decline further if high vacancy rates are sustained, he said. “That’s good news for tenants but a disaster for landlords.” + +Then there’s the question of what happens later this year when the government and banks start to unwind the extraordinary level of support propping up the economy. With a household debt-to-income ratio of 187%, Australia is one of the most indebted countries in the developed world. + +“That’s the cliff edge,” said Sarah Hunter, chief Australia economist at BIS Oxford Economics. “If the economic recovery isn’t established by then, there is the risk of a big stumble.” + +https://www.bloomberg.com/news/articles/2020-05-21/australian-housing-isn-t-the-one-way-road-to-riches-it-once-was?sref=s0L1qQ1H +Son spends all his money on gaming and Warhammer and fully admits he knows he would spend it recklessly if he had his hands on it. Amount would be approx £14,000. He has another children’s account which his grandparents have been putting into of approx £4,500; he doesn’t have access to at the moment. I suggested driving lessons and a car with the smaller account but he doesn’t seem interested in that. I admit I am not keen on him having a spending spree with my hard earned contributions. What have other parents done with their child’s Trust fund? +I have a friend who is very talented mathematically. He's very good at ML and he wants to apply his skills to writing trading strategies (i've decided on crypto as much lower barriers to entry). The only problem is.... he doesn't know much about trading. I'm of the belief it's not just about processing numbers, he needs to actually understand trading fundamentals (orderbooks, momentum, depth, reversion, toxic flow etc ). I know a decent amount but probably not enough to teach him. + +What's the best way for him to learn the trading required to write algos? I'm not sure just opening a trading account would be enough. He'll see the market moves but he's not going to learn about microstructure etc. +Hello all, + +I'm looking at buying property in a non-EU country (Armenia, to be precise). Initially, the property will be rented with a medium-term plan of a family member moving in. I've gone to banks there, and I can get a mortgage, but their interest rates are quite bad (minimum of 9%). + +I have a couple questions: + +1) Are any EU-based institutions willing to provide loans for property out of the EU or am I stuck having to get an unsecured loan? +EDIT: It seems the consensus is clearly that I cannot get a secured loan. Any thoughts on Qs 2 and 3 are still appreciated. + +2) Can I look at any EU-based institution for a loan or do I realistically need to pick a German one (i.e. can a foreign bank access my credit history in Germany)? + +3) If the answer to #2 is any EU-based institution, any advice on how to search? In Germany, there is a good site called Check24, but I don't know where else to search beyond that. +Hi. + +I am new to investing and I am looking to start with ETFs. Specifically, I am looking to start with an S&P 500 tracker ETF. + +I am using Degiro and ideally I would buy one of the ETFs that are on their commission free list. + +I noticed that one of these ETFs are traded on both Euronext Amsterdam and the London Stock Exchange at very different volumes (EAM: ~10,000 - 20,000, LSE: ~120,000). + +Is this something to be worried about. Obviously the commission free route has it's benefits but do the low trading volumes point at potential liquidity problems when it come time to sell? + +First time posting and I really appreciate any information anyone has. +Hi all, + +Wasn't sure where to ask for advice on this, but thought Id try here, let me know if it's the wrong place. + +TLDR: Ride a motorbike to work, looking to get a car for the bad rainy days, but its much more expensive and im wondering how worth it it is to have a second vehicle I barely use. + +Nothing too serious here, just looking for advice. Basically I live in Ireland, and I currently commute to work daily, its not far at all, 20-30 mins maximum each way. I currently use a motorcycle to go back and forth and for all my journeys as it's my only vehicle. I've recently been seriously considering getting a car along side the bike after getting soaked through in a really bad rainy day, but that has a few problems. + +The bike is by far the cheapest way to commute as it uses less fuel, pays no toll on the motorway and I have cheap enough insurance due to a few years experience on it. + +The car will not really be used much as it has to pay tolls each way, has to sit in traffic and parking can be a bit tough. I have no issue paying those extra costs on the really rainy days but not everyday. + +I thought since this car might only be used a day or maybe 2 a week, and for an occasional roadtrip on a weekend every once in a while, the better option is to get an old cheap car thats running well, barely add miles onto it and see where we go. The issue is the insurance for these old vehicles is very high to the point of unreasonable. The only way for the insurance to drop is to get a newer car, but then you're paying thousands for a car that really wont be used much and is stuck parked up most of the day losing value in depreciation. + +Kinda got me stuck thinking about it, should one get an old car with high insurance, new car with cheaper insurance, or just suck up the rainy days on the bike and save all the money in general? What do you all think? Thanks for everyone who takes the time to read this. +Hi, + +#who are you? +I'm a French citizen who's willing to quit France (stop being a tax resident) and start freelancing within Europe (as a start and maybe south-east asia in a year or two). +I work as a Cyber-security professional. I'm willing to start doing contract jobs starting at 600 euros/day. I'm counting on earning about 10K/month (before tax) as a start. + +#what's the problem? +The tax system here is really bothering me. While I don't mind paying 30-35% of income taxe, paying Capital gains tax slows you down as f*** when you want to start your financial independence journey. If I stay in France, I'd have to pay Business + Income tax. Of course, all of my investments will be taxed as hell (to get tax reduction, in some cases, I need to keep the investments untouched for 5-8+ years). + +#what are your objectives? +I want to quit France to stop being a tax resident and move to another European country. To live my dream of a kind of nomadic life. + +#what are your options? +* Scenario 1: + +I will be working directly at my client's offices. Missions can vary from 3 months up to one year. +This means, in some cases, I might have to declare myself as a tax resident in some countries (where missions > 180 days). +It's not my goal to stop paying taxes..I just want to pay reasonable money for the government, pay myself a little and invest the rest without being taxed. + +* Scenario 2: + +I manage to get myself a 100% remote job so I could move out of the country before 180 days. Even in this scenario, I learned that I might get taxed (it depends on the country). +Any ideas on how to legally avoid paying too much taxes as a nomad? + +#conclusion: +I'm also kind of lost on how/where to set up a legal status/company. I was thinking about Estonia in case I manage to get the remote job. + +I'd really appreciate feedback from people who are/were in the same situation. + +Thanks a lot. + +If you need more details feel free to comment or contact me and I'll update with required information. + +Edit: I just want to insist that I'm not looking in any into any kind of tax evasion. I want to stay 100% legal. +I recently got into stocks and was very excited to acquire some vanguard index funds like vti etc. Only to find out that as an European I can't do that :/. Or is there a way around it? +I'm not interested in investing in individual stocks so what are my options? What index funds are available for me that would be similar to vti? Thanks! +I invest in an MSCI World and Emerging Markets ETF. I want to get my GF into investing too but I want it as simple as humanly possible so I want a single ETF. + +But even that there are several options. For example here are some I have seen recommended: + +IE00BK5BQT80: Vanguard FTSE All-World UCITS ETF (USD) Accumulating + +IE00BMVB5R75: Vanguard LifeStrategy® 80% Equity UCITS ETF EUR Cap + +IE00B6R52259: iShares MSCI ACWI UCITS ETF + +I see people saying that if you have several ETFs your overall TER is lower but how relevant is this? The TER is 0.22%, 0.25% and 0.20% p.a. respectively. That's roughly what I am paying for mine despite the 2 ETFs. + +Degiro isn't available here so she is likely going with Trade 212 +Hi all, + +&#x200B; + +Currently I'm 16 years old, living in the Netherlands. + +My financial situation is as follows: + +* \~€18k in savings +* I make between €1200 and €1800 a month (it varies per month) +* I spend about €300 every month +* I work as a contractor so I'm not building up any pension with my work. + +Right now, I am just saving the money in case I will ever need it in the future. + +Now I am wondering, is there perhaps a better way I could spend this money? (Think of e.g investing) + +Any tips/suggestions will be very welcome! + +&#x200B; + +Thanks, + +A. +Hi everyone, I'm relatively new to the sub and haven't actively posted in here, however I'm reading threads and comments from some time already and I have found out really interesting topics of discussion and very good tips in general for investing money and analyzing the market, which helped me to understand a new area still not fully explored from my side. I'm not an expert of the matter and just a curious newcomer but I am a rational person and i try to study and understand things new to me, analyzing different perspectives. What I have read from most experienced users reccomendation over here, would be to invest in ETFs in a long run for multiple reasons which I believe are more close to an investment plan i would think of. What I have not seen yet however, are some valid reasons for not doing it on the other hand, according to everyone 's opinion or at least i missed that part. Would be nice to get some responses focused on the other side of the coin, if anyone would be willing to share any cons point with me I'd appreciate that. +33 years old complete financial novice needs some advice for peace of mind. + +The short version of my situation (I can go into the long version if anyone wants): I’m going to be getting a personal injury settlement soon-ish for an accident that rendered me currently disabled and unable to work at all. I don’t know whether I’ll recover enough to be able to work again in the future. I’m currently living off of disability allowance, which will obviously cease when I get the settlement money. + +Based on what my solicitor is telling me, it’s looking like the settlement is going to be substantial, but not enough to live on for the rest of my life by itself. What does one do in this situation? + +I’ve been reading the threads here and elsewhere and the links in the wiki, however all of the windfall advice I’ve seen assumes you have a source of income and can squirrel all the money away and not touch it for decades, which is obviously not the case in my situation. + +Like I said, I’m completely green to this, I’ve never had any excess money to invest or try to grow before and researching it without guidance is making my head spin. Any help would be greatly appreciated. + +Additional relevant details: I live in Ireland, I don’t have any debts or dependants, I live with a family member who is acting as my carer, and rent/mortgage isn’t an issue at the moment. +Hi r/personalfinance! I've seen posts on here that breaks down the costs of adopting a puppy, but I never saw anything regarding cat expenses. I adopted a rescue cat (age 2-3 years) at the end of June and decided to keep track of the expenses associated with that. I thought I'd share. + +These expenses are not normal, as my cat had some chin acne and overgrooming issues (he groomed the fur on his belly pretty much all off!) so our vet bills and medication costs for a cat are likely higher than most. + +* Adoption Fee - $105 +* Food/Treats - $586.82 +* Litter - $221.50 +* Toys - $58.93 +* Supplies - $355.03 + * this includes carrier, litter box, litter bags, food dishes, etc + * most of this was before we brought him home since we had no cat supplies already. +* Vet - $678.90 + * this is from 4 vet visits and includes exams, a blood test, fungal test, etc +* Meds - $428.43 + * includes 1 vaccine, two doses of flea/tick treatment, 1 round of steroids and a couple rounds of antibiotics + +**TOTAL SPENT = $2,434.61** + +I'm hoping his vet bills level out for these next 6 months since we seem to have his over grooming under control. I'm also questioning whether I should have been proactive and gotten pet insurance. Anyone have any insight on this? + +[Cat Tax](https://imgur.com/gallery/ZNgSecK) + +**EDIT**: WOW! I was not expecting this to blow up like it did. I'm try to respond to all of the comments. I also feel like I'm being slightly judged for spending so much on my cat. To put some of the common expenses in context: My cat weighs close to 15 pounds, so he eats more than the average cat. He gets two small cans of food a day and about a quarter cup of dry food every day. I also opted to feed him higher quality food which costs more. + +Another point worth making: I have a tendency to stock up, especially when I have a coupon or when there's a sale, which I have done with his litter and food. Out of what I spent on litter, I still have a few boxes leftover which will likely last several months. I also try and empty his box completely and refill it with fresh, which I did twice in these six months. As for his food, What I spent accounts for 7 months of wet food (will finish that stash this month) and a lot longer for dry food. + +#EDIT: DEBUNKED u/atobitt just clarified that he had gotten the information wrong, and that he had made a mistake with mixing up Citadel's Master Fund with its Global Fixed Income Fund. Thank you to the fellow apes who have pointed this out to me in the comments! + +https://www.reddit.com/r/Superstonk/comments/nr70hj/oh_im_boosting_this_up_this_was_posted_approx_8pm/h0fdlz7?utm_medium=android_app&utm_source=share&context=3 + +Hello my fellow apes! It's definitely been a while since I last posted; I've been trying to catch up on some schoolwork I have for a summer class and I finally got some time to crank out something. + +(Post that I was referring to further in: + https://www.reddit.com/r/Superstonk/comments/nqyy5a/whuh_really/?utm_medium=android_app&utm_source=share) + +Usually when I type out posts like these, I try to base it off of information from other fellow apes that I feel needs more attention just so there could possibly be more eyes on the subject, as well as an interpretation that can help stimulate some further insight into the possibilities of the data whether it be from me or from some fellow apes in the comments. + +As I was scrolling the sub for info, I had come across a post pointing out from u/atobitt himself confirming that Citadel's Master Fund had essentially liquidated a HUGE chunk of its assets(he had even commented on the post for some more clarification, and I think EVERYONE should check the post out and see what you think on the whole thing). + +The whole idea, as far as I understand it (and u/atobitt please correct me if I'm wrong here), is essentially that Citadel's Master Fund is made up of the ownership of around 80% Cayman Island accounts, that originally had 123 billion$ in assets total in the fund as of December 2020. When he looked up the assets of the Master Fund from April/ May 2021 (and I'll provide the sauce he provided in his comment), he found out it currently has around 2 BILLION in assets left. + +I would like for you to understand the gravity of what was just said here. 121 billion in assets, from Citadel's Master Fund that contains a majority of ownership from CAYMAN ISLAND accounts, went poof. Gone. Caput. Liquidated. + +You might be asking me, "well where the hell is that money now?" and here is where my interpretation of things come into play. Just for further clarification, this is NOT what u/atobitt said, this is just how I'm interpreting the data he has presented to us; but I believe Citadel got margin called, and couldn't put up the collateral to further keep their short position. Let me explain what I mean by that. + +When someone gets margin called, as long as you can post collateral, you can continue to do WHATEVER the fuck you want. Citadel has likely been margin called multiple times at this point. It's when you can't keep up with the collateral that forced liquidations happen. Now I already hear some questions on that: + +1. If they were "forcefully liquidated" why haven't we seen that reflected in the price? +2. How the hell are they still able to short the stock like they have been if they are being forcefully liquidated? + +To answer that first question, I'm going to clarify on what I meant a bit. By getting "forcefully liquidated" I mean they are currently in the process of getting forcefully liquidated. The "covering" part of the liquidation hasn't happened yet and would possibly happen on T+35 of whenever they didn't meet the margin call (IF the DTCC is the one liquidating them, it would be a delay of up to T+ 35 compared to the normal T+5). However, just because it hasn't happened yet doesn't mean it isn't reflected in the price. + +Over these past couple of weeks, less shorting has been happening and its been harder for them to keep up with the price. This much can be evident by the lift off in price we're having in meme stocks overall. We knew that they had less fire power, and we knew that it was getting more expensive for them to maintain their position, we just couldn't point our finger to anything that would solidly prove that without a doubt. I think the data u/atobitt provided can provide proof that Citadel had been liquidated of a lot of their assets, and now the trigger finger is on the DTCC to pull on T+35 (and remember NO dates, this is not financial advice, but if this were to happen it would happen in the within the next month or two.) + +To address the second point, we have to remember that Citadel is not the only one shorting GME and other meme stocks. There are multiple hedgies involved in this, so its possible that the reason we have still been seeing shorting to the extent that we have in spite of Citadel being in the process of forced liquidation is because the other hedgies are helping to keep the price down until they can't possibly kick the can down any longer on T+35. + +CONCLUSION/TLDR: + +The data that u/atobitt has provided us apes with regarding the 121 billion liquidation of Citadel's Master Fund, could possibly mean (in my interpretation of what he has presented) that the DTCC has taken over of a lot of Citadel's assets as a result of a failure to meet a margin call, and that we are in the process of seeing them being forcefully liquidated, which won't happen until T +35 of whenever they didn't meet the margin call. + +Again, I would like to point out that it is completely possible that this IS NOT true as there are other ways to make sense of this, I am not claiming this is fact and I welcome all criticism against the points I've made here so we can all learn more about the subject and grow as a community. :) + +As of right now when I'm typing this on my phone its 5am, so after I'm posting this I'm probably going to head to bed. Thank you all for reading through this (possible) DD and I hope you have a great rest of your day! + +Sources: + +Regarding the T+35 I kept mentioning, I couldn't find a specific source but I found a comment that explains more on it by a nice ape here: + https://www.reddit.com/r/gme_capitalists/comments/nqre8a/Have_margin_calls_started%3F/h0d1661/?utm_medium=android_app&utm_source=share&context=3 + +The sauce u/atobitt linked to in his comment: + +https://m.imgur.com/gallery/hBcGmXv + +Edit: fixed some phrasing for clarification + +#EDIT 2: I have been seeing some comments asking me why this post is kept up despite it being debunked: + +In general, I like to keep all of my posts up for transparency's sake, and on the off chance that someone who reads it can gain something from it, whether it be from my actual post or what was said in the comments. I don't want to just straight up delete the post just because I'm wrong when the comments could always have more useful information as well as discussion happening. In a way, I find the comments sometimes to be my favorite parts of posts for always having useful info as well as seeing what people think on things, and I'm glad that a subreddit like this has a community that can provide this in spades. Anyways, I'm just rambling at this point but in any case thank you for reading! +Why do ppl make it seem like it's just so impossible to learn forex and become profitable in? Although I know it's nowhere near easy to learn/profit in it's possible with time and dedication. It's just like anything else in life that has potential to make you rich/wealthy with a lot of time and serious learning it can be done. Ppl who are successful with trading in the market now started just like everyone else they just made the sacrifices to learn the skill. Not saying every single person who takes the time will be successful in it, but, you'll never know if you are listening to other ppl telling you how hard it is, everybody is different. Do your own DD and see how it works out for you, just because someone else didn't have success doesn't mean you won't. +Okay so, here’s a backstory to my journey so far with trading. I’ve been trading forex on and off for the past 3 years, mainly day trading and scalping but have caught some big swings aswell through the years. + +I’ve never traded the right way as far as risk management goes… Because I’m starting with 100€ and trying to build up quickly due to not having patience for such little money ( I know this is a bad habit and not sustainable ) I’ve always started from very little and flipped my account 5x 10x sometimes ect and even once flipped 100€ into 5000€ in about 3 weeks which was my personal best. + +I’ve been doing this by going near full margin on my account when trading which I know is wrong, and I’ve been trading like this for a few years, but I also feel trading like this has made me extremely precise in catching entry’s and closing trades instinctively ( due to having very little room for error ) which I guess is a plus side to this as I feel this has made me extremely accurate on the market 70 - 80% of the time. + +In the last year my win rate has increased massively, and the likelihood of me being able to flip my 100€ account is more common to happen than not. + +Okay so there’s the back story. + +————————————- + +I know this way is completely gambling, and I admit I am a bit of a gambler, but I am becoming what I believe to be really good at this now from my experience of trading through the years, especially being under the full margin pressure for majority of my trading. + +Chasing loses is a big thing for me and I think if I can sort my impulses out with it I can be successful long term , I remember with my 5000€ account ( my personal best I flipped from 100€) I lost 1000€ of it bringing my balance down to 4300€ or something roughly, and after that I just freaked out… + +Shortly after that I hit 2.5k, probably only about 2 hours later, and then I deleted the app off my phone for a few hours, but the damage was done, I didn’t care about that 2.5k as all I could think about was the 5k, I downloaded the app again a few hours later and as you can predict … impulsive , and excessive trading lead me down to 0€ before the next night. + +I know I probably should’ve took a longer break , I’ve heard people say they have rules to counteract chasing loses such as not allowing any more trading for the day after a loss or certain percentage loses for the week etc, but I’d love to know if anyone here went through this , had bad gambling tendencies , and still managed to come out on the other side successful and how did yous beat it? + +I feel now that I have a really good skill and knack for this, and it would be real a talent gone to waste if I cant get over this step. + +Btw I know risk management is also a problem, but I just trade heavy at the start to build a decent account from my 100€ and once successful at that I do drop the position sizing down and don’t risk it all every trade , I just risk my 100€ at the start to flip myself up to an account worth trading with and putting in the hours with. + +Id love to flip an account to a sizeable amount that I could then start playing more slowly and safely using proper risk management and be able to earn myself a nice side income every week safely, but then there’s also the fear that my old habit of chasing loses will come back, they say it takes years to build an empire and one bad day to ruin it all in this and that saying describes my trading very well, and until I kick my habit of chasing losses, I will never stay ahead for long. + +Did anyone overcome this? + + +Did anyone start out like me inpatient with the money they had? + +Just taught I’d put this out there to see if I could learn from someone else’s experience + +Thanks for reading👌 +I am 52 and wife is 50. We boty have worked for same company for almost 30 years. We are probably working to at least 55 for me...so 3 more years. + +I am being considered for a job that would make it easier for me to work longer if i choose to. I wouldnt really need the money from a job at age 55, but with insurance it might be easier to just work and pile up money to at least 60 so i dont have to navigate ACA for as many years. + +Has anyone had experience like this and just worked because it eliminates any doubt...plus you dont have to deal with insurance, sequence of return risk, and just makes the inheritance larger for kids. +People talk a lot about meal prepping as a means of saving money. Few mention how much could potentially be wasted on snacks. After I stopped, I realized my life has improved in multiple dimensions. I'm now more productive at work, have saved hundreds of dollars in a few months, and have lost 20 lbs. If you are like the past me who snacks all the time and everywhere, please consider omitting it from your daily lives. You'll be amply rewarded. +Keynesians measure inflation in terms of price level. When Austrians talk de/inflation they mean money supply. Since, + +Price Level x Output = Money Supply x Money Velocity + +In an Austrian world, aren’t consumers always facing price deflation in a growing economy? +Compulsory super was introduced in 1986. For those born in 1968 they were18 at the time they. This generation will be 60 in 2028, they will effectively be the first generation to retire with a full super behind them (& in many cases a valuable house or two). + +Id like to know what people's expectations are, basically from as early as 2028 or more likely 2032 everyone who is at retirement age will have a full super behind them. + +How will this affect the economy? + +Is there any sectors/industries you think will see growth in business - tourism, cruises, lawn bowl clubs etc +Calculator is here: + +https://rateseeker.com.au/calculators/rent-vs-buy-calculator/ + +Obviously it's in their interest to encourage people to take out large loans, but the calculator is clearly broken. Consider these two scenarios just to illustrate how broken this is: + +**Scenario 1** + +- I pay $1K a month in rent today +- I can buy an equivalent property for $1M +- I have $100K saved + +*Calculator result: I am better off renting by $1M after 30 years* + +**Scenario 2** + + +- I pay **$1** a month in rent today +- I can buy an equivalent property for **$10M** +- I have $100K saved + +*Calculator conclusion: I am better off* **buying** *by $4M* + +Now, **obviously** if I can rent a $10M house for $12 a year then I am better off renting in the long term, but this calculator would suggest that the **worse** the ratio of buy/rent prices the better off you are buying. The higher the purchase price, the better it is for you to take a big loan from rateseeker.com.au. + +I am honestly not sure if this is deliberate or just incompetence. It's obvious where and how the calculator is broken to be giving these kinds of incorrect answers, but it's really not ok to have this as the first google result for 'rent buy calculator Australia'. How many people have been completely misled? If you enter less extreme examples above then the fact that it is entirely broken becomes less obvious. + +Any idea where I can report it? + + + +for reference, the other variables that stay the same in the two scenarios above: Savings rate of return 8%; rent increase 2%; upfront cost $30K; ongoing cost $15K; home appreciation 2.5%; loan term 30years; interest rate 3% + +**edit:** a commenter below has noticed that the assumptions say "This calculator does not take into account the tax implications of buying and renting a property and **return on any savings or investment**". Which means they are aware of how misleading this is. Not taking into account "savings or investment" is the equivalent of saying **"in the rent scenario, we are assuming that the money you save by not making mortgage repayments is being kept under your mattress for 30 years".** +Fellow investors, + +I am out of new investing idea, so for this post I'd like to discuss something that is often ignored: How much money do you need to have in your portfolio to make it worth your while as an individual-stock picker? Central to this question is the opportunity cost that all stock pickers go up against: the almighty index funds and the cost of doing research!! + +Simple enough, your performance over the long run needs to be judged against a broad-market index fund, for which you incur no sweat and no effort holding. + +**Assumptions** (these are meant to simplify the calculation of opportunity cost): + +1. **You derive no net intrinsic benefit from your action of picking stocks** (so no net emotional rewards, no net benefit in learning and gaining experience as a stock picker, no pain or suffering seeing your stock picks going down, or all of this even out in the long run). You can relax this assumption and add it to your total return if you derive some net benefit from this stock picking. +2. **You gain a long-run 2% outperformance over the index**. Considering that most money managers lose to the index in the long run after fees, this is a very generous assumption. But you need an outperformance assumption to even have a discussion about stock picking making financial sense. +3. \*\*\*another baby assumption: **you did not obtain this outperformance for free**. Eg., you did not outperform by simply getting free stock tips from friends or works, etc. +4. **You're an average American with $63,500 in annual salary**. Needless to say, if you're high paying worker, stock picking makes even less sense for your opportunity cost. At 40hr/week for 50 weeks, this comes down to $32.5/hr wage. +5. **You derive no net benefit from obtaining uncorrelated returns**. Many of the benefits touted by hedge funds is not that it beat the indexes, but that it give investors "uncorrelated returns." So during bear or bull market, funds will have different returns compared to the indexes. +6. **You have no additional transaction costs picking stocks over indexes**. Easy enough in this zero-fee environment. Note: does not apply to pay-for-order flow brokers. +7. ??? I probably missed something. But these will do. + +**Calculation**: + +So, at 2% outperformance, you will make an extra $200 with a $10,000 portfolio, $2000 with a $100,000, $20,000 with a $1,000,000, etc. + +As you can see, at $63,500 annual salary opportunity cost, you will need $3,1785,00 in total portfolio value for your effort to make sense, assuming that you treat stock picking as a full-time job. + +My Excel game is no longer what it was, so I am too lazy to create a line chart that could visualize this. Imagine that the 2% extra return of your portfolio grow as your total portfolio grow. That line needs to cross the $63,500 in opportunity cost before it even makes sense for you to consider stock picking as a full time job. + +Now, let's say you don't need 40 hr/week to consistently outperform the market. So instead let's say you need 20 hr/week. That would mean you need $1,892,500 in total portfolio value to make a difference financially as a stock pickers. + +Further reducing the workweek to 10 hr/week, it would be $946,250 as the point of excess return over opportunity cost. + +**What's my point?** TL;DR: It means that for a lot of investors, including yours truly, it doesn't make financial sense until you become a multimillionaire to be picking stocks, even if you truly have a consistent edge over the market. + +Obviously, if you can relax any of these assumption in your favor, that change the calculus. For me it's assumption 1) that made a difference. What's yours? +I’m pretty new to the concept of value investing. Finished reading The Intelligent Investor recently and looking to read some more related books by the end of this year. + +Determining the value of a stock is a huge part in being a successful investor, but I’m having a hard time selecting strategies to go about doing this. + +What are your go-to methods in determining the intrinsic value of a company? There are just so many methods (fundamental screening, comparative analysis, DCF modeling, etc.) that I’m having a hard time choosing where to start. +What types of entry-ish level positions exist in the finance world that would give me exposure to learning how to better value invest? If that makes sense... + +A little background.. I’m a retired Army vet, got into value investing while overseas killing time with Graham and Buffett and the usual suspects. I’m not interested in anything stressful like day trading or technical analysis, deadlines, company quotas, etc. + +But given the blessing of my military pension and not unsubstantial disability, salary or upward mobility isn’t my primary focus. I guess I’m hoping to figure out where to start my search in trying to become involved somehow in the financial world, and more towards the qualitative deep dives +Check out this detailed analysis of the EV sector here, what kind of growth is expected, what the impediments there are and who might actually be the most dominant player in the sector going forward. Right now Tesla has a dominant position with 18% market share, but analysts believe that it won't be able to retain this dominance because of the fierce competition in this sector. These companies are at extremely high valuations, which I think is totally unreasonable despite the sector growth projected at 21% CAGR. Let me know your thoughts + +[https://www.youtube.com/watch?v=hcokfxLDlq0&t=5s](https://www.youtube.com/watch?v=hcokfxLDlq0&t=5s) +Please offer some feedback. I have a long term outlook. Entire portfolio and market values listed below: + +Thank you any feedback, advice etc is more than welcome. + +AMZN- 53k +AAPL - 36k +GOOGL - 36k +MSFT - 32k +FB - 29k +VYM - 26k +CRM - 24k +V - 21k +LOW - 21k +JNJ - 21k +QCOM - 19k +ETSY - 17k +HON - 16k +MCD - 16k +STZ - 15k +NEE - 14k +NVDA - 14k +BYND - 14k +VZ - 12k +SHOP - 11k +UNH - 10k +QSR - 10k +VDY - 9k +BLK - 9k +HAL - 8k +IBM - 8k +TSLA - 8k +GLUU - 6k +MCK - 5k +BMY - 2k +Anyone have any thoughts on $LUMN? I've been keeping half an eye on it since I saw it in Burry's 13-F, noticed it dumping this morning after it triggered a couple alerts I had set months ago. Looks like their revenue was disappointing last Q, and they sold of $7.5B worth of their cable markets. At first glance this 9% drop seems like an overreaction. It looks like they mostly just sold off outdated copper infrastructure to focus more on higher growth components of the business. Only concern I would have is that they might decrease the dividend, but as it stands now they're paying out 8%. Also announced a $1B buyback to take place over next two years. + +Also, dumb question, but I'm hoping someone with a better understanding of these transactions can confirm. If Lumen just sold $7.5B worth of their operations to Apollo, and they also sold their Latin American assets for $2.7B, does that mean they have $10B extra cash on the balance sheet? If so, seems like buying a cash-flow positive company with $10B+ cash at a $12.75B valuation is a nice deal, even if the dividend is cut down the road. +For years I’ve had the idea of needing to buy a rental property and gradually buy more. +My problem is, I have nothing. Not a pot to piss in. My credit score is maybe a 600 or just below. I made 33k last year and just got terminated this week. I feel like now is the time to start a dream but how the hell is it possible. I know about FHA loans and whatnot. Please tell me someone has a success story to guide me. +I feel like I see it all the time, people arguing for gold to be used as a backing to the currency. "Every dollar has to be linked to a piece of actual gold in a vault somewhere" thus giving the money itself real value. + + +I would argue that gold is marginally more valuable than money (it does have its uses in electronics, other than that I can´t see any improvement over electronic currency). That real value people keeps mention is to be honest the same real value that money currently have; The value WE give it. A person is willing to work a full month knowing he/she will be given either a lump of gold or a paycheck. What is the difference? + + +Then again I used to keep getting these thoughts about the economy as a whole as something going down the toilet because we no longer produce anything anymore (Swede here, very few industries left.) and that that somehow would be our doom because you have to produce things that has real value, right? Financial advice, designer clothes, interior design, entertainment, landscaping, none of that has any real value (clothes arguably has value, but the design mark up doen´t). Things like a roof, heat, medicine and food, those are some things that hold true value to us as we could literally die without it. + + +So is the economy fucked now that the things we produce with actual value accounts for less and less of the total GDP of the world? I´m starting to think it really doesn´t matter. As long as money is moving our personal financial situation is not affected negatively as a result of our societies producing the "wrong" goods. There are no wrong goods, as long as someone is willing to pay for it, it has value and that can help someone to put food on their designer table. +As far as I´m concerned, necesseties aside, we could all work in a cinemaplex selling pop-corn to eachother. +Obvisously, I have not concerned my self with the environment at all here. Just vomiting out my thought on an electronic paper, getting ready to jump in my car to go to the mall and keep this world afloat. +When the price drops more than 10% from the previous day's close, then the short sale rule (SSR) goes into effect. + +$20.56 x 10% = $2.056 + +$20.56 - $2.06 = $18.50 <-- SSR trigger price + +Once the price dropped to $18.50 today, shorts were no longer allowed to short below the best bid price (meaning they can't short the price down), hence the rise after it hit $18.50. + +This SSR will be in effect for the rest of the day and all day tomorrow. + +Also, T+35 FTD close out tomorrow + rising CTB +And Apes Hold!!!! + +There is also a huge difference since then. Apes have nowadays a deeper knowledge (DDs) of what is going on and the most important thing is that now DRS is in progress too. + +The cheaper they drop the price, the faster apes can buy and lock the float. So keep Zen. + +"If the reason why you bought didn't change. Why sell?" Cuban Dixit. + +Disclaimer: This is no financial advise but, in my case, I keep holding and DRSing. + +Take care. +Hey guys! I'm here to show you guys a potential moonshot, that I think in my opinion has the potential to really run. The project is 22 days old, and has silently been ramping up it's operations in the background. + +I am not affiliated with the team, just a guy helping to get the word out. + +Introducing to you LAVA TOKEN! + +There's some pretty solid points to this project -- 82% of all of the total supply is completely burned, you can take a look in the BSC Scan holders address. That big chunk? Yah it's "delet." + +Liquidity has been locked in for 5 years. Check this out, all of the transactions every transaction preformed with Lava has a 10% tax. 5% of the fee is **redistributed** to **US the HODLERS.** The other 5% is instantly converted into the proportionate amount of liquidity. + +The Liquidity Pool tokens are owned by a dead address, so the LP is literally locked forever. Unlike **\*cough safemoon\*** The liquidity can never be moved or touched. + +Furthermore, there is literally **NO WHALES** all the tokens are evenly distributed throughout the pool, you can also verify this via BSC scan. A project with 4000 holders SUB 1m market cap? I think we're in pretty early. + +Hopefully you guys enjoyed my post, and hope we all hit big with this one! + +The contract has already been audited by HazeCrypto -- which has a link below. + +&#x200B; + +Website- [https://www.lavatoken.com/](https://www.lavatoken.com/) + +Twitter - [https://twitter.com/lavatoken](https://twitter.com/lavatoken) + +Telegram: [https://t.me/hotlavatoken](https://t.me/hotlavatoken) + +BSCSCAN - [https://bscscan.com/token/0xfaff5251ea98f90540d6bacdf7a458f61b456c06](https://bscscan.com/token/0xfaff5251ea98f90540d6bacdf7a458f61b456c06) + +Pancake Swap (slippage to 10-14%) - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfaff5251ea98f90540d6bac](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfaff5251ea98f90540d6bac) + +BSC Holders - [https://bscscan.com/token/0xfaff5251ea98f90540d6bacdf7a458f61b456c06#balances](https://bscscan.com/token/0xfaff5251ea98f90540d6bacdf7a458f61b456c06#balances) + +PooCoin Chart: [https://poocoin.app/tokens/0xfaff5251ea98f90540d6bacdf7a458f61b456c06](https://poocoin.app/tokens/0xfaff5251ea98f90540d6bacdf7a458f61b456c06) + +Contract Audit – ANTI-RUG [https://hazecrypto.net/lavatoken/](https://hazecrypto.net/lavatoken/) + +Youtube video links: + + [https://www.youtube.com/watch?v=G-w-Ke6smX8](https://www.youtube.com/watch?v=G-w-Ke6smX8) + +[https://www.youtube.com/watch?v=dCzRxpyVm\_0](https://www.youtube.com/watch?v=dCzRxpyVm_0) + +[https://www.youtube.com/watch?v=-ByKmmMNfoA&t=145s](https://www.youtube.com/watch?v=-ByKmmMNfoA&t=145s) + +&#x200B; + +&#x200B; + +**DYOR! This is not financial advice, I am just a community member helping get the word out.** +Sharing my experience continuing a "1 year promotion" to the 2nd year. I plan to follow these steps each year to hopefully perpetuate the new customer pricing. It's a bit annoying, but saving $240/yr+ is worth the 30 minute effort. Hope this works for others too. + +For background, Comcast had a 1st year promo of $39.99/mo when I signed up. After the first year, my rate increased to $59.99 and is supposed to continue rising. + +What I did: + +(Note an alternative method is actually canceling your service and then signing up as a new customer in 90 days or signing up with the name of someone else in your household. I prefer the below process because it did not require cancellation.) + +1. TALK TO A PERSON: I'm sure there are other ways to get to an actual person on the phone but this worked consistently for me. Start a chat with Xfinity Assistant. Type "Agent" until you are connected to a human. You can try to convince them to lower you bill, but likely they will not have the authorization to lock in another year at the promo rate. Just allow the chat to end and once the agent disconnects the chat box will prompt you to "Give Feedback". Click it and type something like "speak with a person". This prompts a button that says "Call me as soon as possible". Click it and keep the chat box open. I received a call within 5 seconds of clicking that button. +2. WHAT TO SAY: The first person who calls has limited permissions. They explain how the promo is only available to new customers etc. etc. Say something like "Can I cancel my service and rejoin to take advantage of the new customer promo again?" (the answer is yes, but you don't need to do this if you get the right person on the phone). The agent will forward you to someone higher up in the retention department. Now it's luck of the draw. The first higher-up agent I spoke with would not budge and said honoring me as a new customer promotion is not possible. He was ready to let me walk away from Comcast. +3. REPEAT: If they do not budge, hang up and click the "Call me as soon as possible" button in the chat box again. I immediately received another call, got escalated to a different higher-up, and he was able "restart" my $39.99 promo rate as a "new customer" for the next 12 months. + +Good luck! + + +Update: Comcast messed up my bill again. I cancelled and switched to T-Mobile 5G home internet. Best decision I've made. Faster speed for cheaper. Helpful customer service. If it's available in your area I highly recommend. +We have several posts of folks who are picking a major, want some job advice or have no savings/FIRE experience. A lot of them fit best in /r/personalfinance, other questions are closer to "how do I get started for FIRE" and would fit in the daily thread of /r/financialindependence. + +That said, reception is mixed. They do get their share of upvotes. There's three ways to deal with these posts: + +1. Welcome them, introduce them to the differences between personal finance / leanFIRE / FIRE / fatFIRE and help them get started on their journey + +2. Report/remove them. Add a rule saying "**r/fatFIRE is to level up, not to get started.** Basic questions are better suited in the personal finance or FIRE subreddit." + +3. Create a wiki to answer "how do I get started" style posts about education/career/savings/entrepreneurship; remove or lock the posts after redirection to it. Alternative, we could have a basic questions recurring thread, though that function is already filled by having subreddits (r/personalfinance ; r/FIRE) dedicated to getting started. + + +What direction do you want to go in? How strict do you want to be? +Currently living in CA, I am thinking about moving to NV as my primary residence before cashing out my portfolio. Anyone has done that? Any advice? Story to share? I am here to learn. Thanks! +Hey everyone. Just sold an old car for $4.5k and don’t need the money for anything particular. 23yo, $80k salary, paid off new car, $12k in my Roth, $10k in an individual account, $10k in savings, 401k at 10%, no bills/live with mother. + +What should I invest this $4k into? The market is crap right now, but I’d like to try investing into something more aggressive. Would love some feedback, thanks. +My wife and I finally just hit the 100k net worth mark! She is 25 and I just turned 24. We share all income and I manage the money. Not sure if anyone cares but I enjoy reading stories of people's success on this sub. + +&#x200B; + +I grew up saving all my money and was very frugal. I saved money since I was 7 years old in hopes that I would use it to buy a car when I was age 16. Throughout my life I practice delayed gratification with all purchases and rarely buy something that is not of use. I always look out for sales and don't try to satisfy myself with dumb purchases. I am seen by all my friends as cheap and frugal, which I don't mind considering I don't have much financial stress. I have never in my life had an expense I haven't been able to comfortably afford. My parents taught me the value of money early on. I have always purchased my own phone, cell service, car, repairs, insurance, school. etc. since I was a kid. My parents are great people and I don't regret them not buying me cars or helping with gas money. They could have easily helped at times, but I wouldn't have learned the same lessons. + +&#x200B; + +Throughout highschool I worked all summer long full time and other part time jobs during the school year. During college I got good grades and stayed home. Scholorships paid for every dime and I was able to work 2-3 jobs at a time during college. My wife went away and school was paid due to her parent's benefits from work. The day before my 22nd birthday I moved out of my parents house with my fiance, now wife, and we both started new careers in a new town. I made 40k a year with no benefits or time off and she made 30k with no benefits or time off. We got married 2 months after moving out and luckily did not have to pay much at all for our wedding, thanks to our parents. After the wedding we had approximately 15k-20k to our names. My wife now makes 40k a year with bad benefits and time off. I got a new job exactly 1 year ago, 1.25 years after moving out, and started making 65k a year. After 6 months I got bumped up to 78k and now I am at 83k. This does not include overtime, which I make approximately 10k from. I have great benefits and time off with my job. I am set to make 105k guaranteed in 3 years. The job has a pension, which I contribute and count towards my net worth considering I am not vested yet. After 30 years I can recieve 75% of my top pay. After the 105k guarantee I am set for 2.5% incrament raised yearly. + +&#x200B; + +Currently we are saving for a down payment on a house worth 250-275k. My wife is going back to school which will be an extra expense over the course of approximately 4 years. During this time it will be harder to save due to her needing to take a less active position and work an hourly job. It will help when she finishes school and can get a higher paid position with good retirement and benefits. In 6 months my job will be very much secure, and that is when we will purchase a house. + +&#x200B; + +Within 2.5 years our combined net worth has gone from 10k to 100k. I have been using YNAB during this time which is awesome for me. I track every penny we spend and can save for certain categories. This allows me to spend money on things I want, which I hate spending money, without having the regret. + +**Assets** + +Cash in high yield savings/checkings: 65K + +Roth IRA 1: 13.5K + +Roth IRA 2: 6K + +Pension: 6.7K + +457b: 1K + +2018 sedan: 14K + +2007 sedan: 2K + +**Liability** + +Car Loan: -2.3K + +**Net Worth** + +105.9K +So a lot of people have been throwing out articles with lots of caps and exclamation points about recalling your shares etc. + +I called my broker, fidelity, to pick their brain about what this whole process is going to look like. + +I've personally said it before but let me just say that fidelity customer service is god damn amazing. Anyway. + +So, I asked the lady I spoke with about what the share recall and voting rights would look like. At first she thought I was asking about if I needed to do anything so my shares weren't lent out, I assume they have got a lot of us crayon eating smooth brains calling them. I said no I'm not worried about that I'm cash. BTW, if you are margin and want to vote all you gotta do is put up cash against your shares, tell them you don't want your shares lent out after moved to cash. Full stop it's that easy. + +So then I mentioned that even just the institutional ownership of gme claims more than 100% of the float, not even counting etfs and apes. I asked, once the official notice is given by the company (gme), of a vote needing to take place, how does it all unfold? + +She said, well if a company (any company) is in a position where shares need to be recalled for a vote, the issuing company (gme) will send out official guidance to institutions about timeliness, requirements and things of that nature. The institutions that service individuals such as fidelity will then forward notice to said individuals. She said that any institution that had shares that were lent out, would at that time start to pull them back in. (!) she said that given the situation of gme, the full 60 day notice would need to be given, because if gme tried to give any less, then institutions that had lent them out would have recourse to force gme to move their voting day. + +So I asked, as long as gme gives the full 60 days to all institutions to get their books in order, their voting day cannot be moved right? Because it is not the issuing companies fault that short positions have put gme in this position. She said that it's possible that they couldn't be done by 60 days given the nature of it, however if gme gave the full 60 notice, and any institution still didn't have their shares recalled by then, they would be subject to lawsuit. + +I said so, where do we go from here? I told her I'm not personally worried about my shares since I know I have paid in cash but a lot of people have big questions marks about this all. + +She said, it is most likely the case that gamestop will send out official notice on the weekend or early next week, because of needing to give the full 60 days. Once the notice is officially given, our (fidelity) reorganization team will start working on pulling back in shares that they need to. She said I (or anyone else I suppose) could call back after this official notice to find out from the reorganization team how this will all officially roll out. Such as voting rights, if my shares are technically ious, that sort of thing ( we also talked about standard share holders like myself not knowing if they can vote till this is all figured out). + +Hope any of this answers some people's questions! It seems like some big shit is going down next week! + +🦍🚀✋💎 +State Farm Mutual Returning $2 Billion Dividend to Auto Insurance Customers + +On Average Most Customers Will See a 25% Policy Credit + +https://newsroom.statefarm.com/covid-19/ + + >Customers do not need to take any action to receive this dividend, which will appear as a credit on their auto policy. + +Great news for those of us State Farm customers! +This isn’t a troll post and just like my last one about not constantly checking the markets will hopefully help you sleep a bit better in your cardboard box, or for the lucky ones…the deluxe tent. Now if you put no thought into it, a bull market is much more fun and enjoyable, you make money and its where the risky stocks really thrive. But if you look at the bigger long term picture and you aren’t just shoving yourself balls deep into as much risk as possible non-stop then it becomes easy to understand why bear markets are actually really good and something to look forward to. Now this post makes a few assumptions, the first is you actually hold some cash spare incase of a bear market and you aren’t always just fully invested like a brainless sheep. The second assumption is you are looking at this long term and buying shares which have no time decay, so if you are using options this isn’t as relevant. + +The reason I decided to start typing this was I was reading another book on my favourite Sensei, good old Buffet(t) (spelling depends on if you’re autistic or retarded), and the book gave examples of how you could apply this theory outside of stocks which is how I understand it best. “Yes Yes Taco get to the fucken point”…okay okay. Lets look at it from the point of view you like beef burgers (if you’re vegetarian just get off this) and when beef gets cheaper so do beef burgers, well you don’t want beef to increase in price because it will just make your burgers more expensive and you cant buy as many in the future. Another way to look at it is your favourite car/makeup or goldfish, if car parts/ makeup or gold gets more expensive then so does the car/makeup/fish and long term you cant get as many. + +This relates directly to stocks because short term even though you can buy your stocks and you make money, long term you cant buy as much stock as you could if the market fell. This is where having some cash on the side comes into it, because if you have some cash and the market falls and your stock becomes cheap(er) by your standards then you can go buy more stock and be more confident. Now if youre already balls deep and fully invested then obviously a bear market just fucks you harder than the word inflation hitting J. Pows ears, and at some point its easy to be fully invested, but the question is, is now really that point? + +The other point which this relates to is presuming you have time on your side and you are happy to hold the given stock for potentially years if needed, now I know some of you jump to whatever ship is getting the most water on the sub, but eventually they all get flooded quick enough, so clearly sinking isn’t a good idea. This is why options doesn’t work unless you are using bearish option strategies, but if you are just holding the stock and you trust that the company is cheap 9./10 times you will eventually be proven right. Markets crash and rebound, there will certainly be another one and the main importance of every crash for any investor should be knowing they have the ability to take advantage of it. If you can thrive when everyone else is struggling to survive in a bear market then you will be much happier once it rebounds like it always does, the market has survived world wars, global pandemics and even J. Pows printer. So the next time the media or anyone preaches this time is different, try evaluate companies you understand without a bias and trust your analysis, because you shouldn’t trust a fund. Funds sell because other funds sell, now if that sounds retarded its because it is. + +Imagine you’re a fund manager and you have a stop loss set up because actively managing too many stocks is above your paygrade, so the stock starts to crash so you bail, then fund manager B follows and you can see how this gets out of control fast. Now if youre a fund manager your main concern is keeping your job, and its much easier to just follow the pack than risk being last and dying within a few months. Now once your stop loss has triggered you tell your clients you will buy the stock again once it comes back up….now from a purely fundamental perspective that makes no sense at all. Yeah im selling a stock when its getting cheaper and buying it when it becomes more expensive…if that doesn’t sound retarded imagine the beef burger example again. The main point is don’t trust the big fish just because they’re big fish. + +Now lets say you have some cash and we are in a bear market, some stocks will inevitably become cheap as fund managers over react and there is worries which shouldn’t exist. Just look back at Covid or the GFC and check out boomer companies and the fear around them at the time, very few escaped without suffering a 20% loss, so there will be an opportunity which is important to keep in the back of your mind. Because its very easy to get concerned about the day to day actions of the markets and just want constant green, or think damn my short term cash is just bleeding slowly to death. + +This brings me to my main point! Over the next 10 years would you say you will save more money or spend more money? Now hopefully you said save more money, especially in terms of stocks, Now lets say you have 50k invested and you will have another 10k saved over the next 5-10 years (the dollar amount doesn’t matter), why would you rather pay more for stocks in 5-10 years if instead you could bput the 10k in at an even cheaper point and then watch it go up long term? The worse thing that could happen is if you chuck all 50k in and every little bit when you get it and the stock crashes and you have no way of saving anything meaningful to take advantage of this crash. Long term we will all hopefully increase our wealth and save more money, and if you can somehow use that money to buy the stock cheaper why wouldn’t you? Imagine MQG goes down to $100, really you should be partying presuming its because of a wide crash and not company specific, because it gives you a good buying opportunity with the spare cash. Then as the markets go up you can sell and create some more cash when you think it becomes overvalued. + +This gets to my last point which is that yes short term your cash may be slowly bleeding and losing 2-3% inflation every year, but the 20-30% minimum gains you will make up from this long term and the ease of mind you also give yourself short term is much more valuable. Now im not saying buy every 5% dip, which apparently is what’s going on lately for god knows what reason, im saying when there’s a serious crash or a slow long downfall there is no need to panic as long as you think in a long term frame of mind. Everyone likes to say holding cash is stupid and sell your boomer stocks and blah blah blah, but if its that easy and boomer stocks are overpriced then just buy puts and be rich. Its much easier to take advantage of a crash and wait for the ride up than try force the ride down and just keep hitting walls. + +Now im going to end it with a quote which seems opposite to my points, but understanding the difference between when to take risks and load up and when to have some sort of hedge (usually be holding a small amount of cash) is the key to investing. If you just load up everytime you get any savings you’re just taking away any opportunity to take advantage of a dip. I understand some charts or pictures of cats may have helped break up the text but I dont think they would of added much, also the book which made me realise this is The essays of Warren Buffet(t) for anyone interested. + +“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” –Peter Lynch +If this has been addressed, please let me know. I have googled and searched through this sub and can’t seem to find an answer to my question. + +I didn’t contribute enough to my Roth this year and want to reach the $6000 maximum. The problem is that my income went into my brokerage and I’m concerned about how it may look to the IRS if I withdraw money from my brokerage and deposit into my Roth. This money would not be in surplus to what I deposited into my brokerage. + +The IRS website just says that the money used to fund it has to be earned wages, but doesn’t go into further depth. Is it still “earned” if I’m just withdrawing money that I had earned and churned through some day trades? Am I over thinking this? + +Any answer is appreciated and thank you for your time +Good Morning Apes! + +That's right it's a me Gherkinit, not banned, much to the chagrin of a few, and since I never gave a shit about the money and only started streaming since the people who follow me asked me to. I will continue posting my daily thread here (with no monetized links obviously) and continue to provide the community with my DD as I always have, whether they agree with it or not. + +As far as the accusation of brigading goes reddit allows me to dual post the links to my DD to twitter when I publish anything, and am obviously allowed to let people know my thoughts and draw attention to my DD when it goes up. I also have 8,635 people who follow my profile on here so the idea that I can post anything with out it turning into a shit show is absurd. + +A lot of you feel negatively towards me because of my feelings on DRS, while I haven't ever been anti-DRS, and actually do agree with the theory (I did not initially, but after many conversations with the people who wrote the DRS DDs was convinced otherwise). I do not yet have proof of that theory and still hesitant to DRS myself (no I don't think tweets are supporting evidence). + +There is an excellent conversation here with another ape I had over the weekend that may shed more light on my opinion. If you absolutely hate me for not DRS'ing maybe give this a read and see if it changes anything, if not that's ok, but they are my shares and I will ultimately do what I want with them. + +[https://www.reddit.com/r/Superstonk/comments/refr2u/comment/hob2u60/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/refr2u/comment/hob2u60/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/44dztsq19b581.png?width=1936&format=png&auto=webp&s=80d827f5f6b3511341143b4efc22a581039afc2d + +So anyway we are moving towards our next exposure window in my DD if you haven't read it you should it's fucking awesome [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/?utm_source=share&utm_medium=web2x&context=3) + +The next exposure window will begin on the 17th and the T+2 will carry out through the 22nd. + +Very similar to the run we had in November with one key difference the ETF & Index is on LEAPS and so the exposure on that end should be higher. The direct GME options exposure is still monthlies and interest is a bit higher than November due to quad witching . + +They don't have a lot of wiggle room in these cycles they can either hedge in advance to reduce exposure (Nov. 19th) or they can cover all at once like (Aug. 24th). So what should we expect... + +Well we know that GME is illiquid as hell, the bid/ask fluctuating as high as $4.00 at the money. + +So with that illiquidity they will need to delta hedge with synthetics if they choose to hedge in advance. Or they will use synthetics to cover gamma exposure during the T+2 window. + +I sort of expect them to hedge in advance there will still be exposure but it minimizes it and FTDing the synthetics allows them to kick the can a bit. + +This is last Januaries price action overlaid on the current cycle. Just to give an idea of what I expect, we will not however follow this exactly as liquidity is much lower and volatility is far more sensitive. + +[An idea of what to expect over the next 7 trading days](https://preview.redd.it/vefbtuxxdb581.png?width=2393&format=png&auto=webp&s=8fc1db02f46eba12111855470a0449ac052b5e2e) + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +Also for the mods if people are haranguing you about this being TA because they saw a chart, a chart is data not technical analysis. This is an update to my previous DD and contains no technical indicators or trade patterns. Every one of these dates correlates directly with settlement periods that would have an effect on short positions. I am simply using the chart to visualize those time periods. + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Well that was a fun one to hold through massive put interest driving the price down today taking full advantage of the market trend and bring us down to even steeper discounts than we saw last Friday. Who doesn't want GME for cheaper than DFV's last buy-in? The important thing to note today is the massive amount of short interest we saw was derived from ITM puts hedged synthetically. This generates large amounts of FTDs on the other side and/or significant buy pressure in T+2. They know that this is unsustainable, so it looks like they are trying to cover as low as possible. Thank you all for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/tvm8bi56ld581.png?width=798&format=png&auto=webp&s=a386bf4e97fb8ed9963e6578037a9e997c09d411 + +Edit 6 1:50 + +Still at 140 still fairly stable. + +https://preview.redd.it/86chyx65wc581.png?width=1444&format=png&auto=webp&s=c9ab2c7eeb175971c53f5a5c2dfc50b3293c669a + +Edit 5 12:29 + +69% of users agree I'm pretty awesome :) + +https://preview.redd.it/cw7oky7rhc581.png?width=1463&format=png&auto=webp&s=e1f6be68ec52d546eaa7f1737dc7e33541151817 + +Edit 4 12:26 + +It looks like the flow of ITM puts has dried up, and we have found some stability around $140, remember this synthetic shorting isn't sustainable long-term but it does dodge SSR as it falls under bona fide market making. But like all synthetics actions an opposite reaction must be realized. + +https://preview.redd.it/gtn7y11dhc581.png?width=1448&format=png&auto=webp&s=860b8d1c3b640e3dfd76cd5ad3e09ff6207d4b7e + +Edit 3 11:03 + +Big pump in ITM put positions to drive the price down. This is the kind of thing I like to see from the funds short my favorite stock. Lack of borrowable shares and illiquidity force them to use these dangerous positions to drive the price down as these are sold off and cash settled it has an inverse effect on the underlying. + +https://preview.redd.it/hq2v40si2c581.png?width=978&format=png&auto=webp&s=c3d34c68099d42418911d067f58edf428ad920f0 + +Edit 2 10:39 + +We seem to have found support on a long-term horizontal support from mid march/april. This is the lowest GME has been for 8 months. We appear to be bouncing a bit but if they are driving the price down this hard they must have a lot to cover. + +https://preview.redd.it/o25a212ayb581.png?width=1464&format=png&auto=webp&s=15a4dfa4141abb95ed5645f178fb7d4660c97eab + +Edit 1 9:46 + +Seeing the effect of some of those borrowed shorts and also dropping with the overall market. Someone on stream brought up something I forgot this morning, which is that deferred margin from Nov. 19th Rule 4210 was moved out to today. So if someone had been margin called when we saw all those anomalies in the data (SI%, and 11m shares to borrow) the effects of that would play out today. Unlikely but good to point out. + +[support found at 155 but the trend hasn't shifted](https://preview.redd.it/91qvhej0pb581.png?width=1477&format=png&auto=webp&s=bede25d98fdca6a29bf37278ddb123f05c6b9537) + +# Pre-Market Analysis: + +GME started running up Friday after ITM puts began being cash settled which started around 3pm. Once the MM were free of this hedge the price began to float back towards max pain which was at 175. This upward pressure should continue into today as those put positions are bailed out of due to the increase in price of the underlying. + +GME up 2% in the pre-market on 24k volume. + +Shares to Borrow: + +IBKR - 150,000 @ 0.5% (250,000 borrowed this morning) + +Fidelity - 851,208 @ 0.75% (still about 500,000 floating shares here from the borrow last Thursday yet to be returned) + +[GME pre-market on the 1m](https://preview.redd.it/fqw0p0rcgb581.png?width=1478&format=png&auto=webp&s=454ac8357072b093949cfe224c88269e8346eb00) + +CV\_VWAP: + +Foreign market arbitrage is slightly diverged from the baseline, but not notably so. + +https://preview.redd.it/12l1oisigb581.png?width=2452&format=png&auto=webp&s=c1783c8d71efd46b2b2034171941a6504086bf84 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Edit: YOU GUYS! 💕 Thank you all for your encouragement and for sharing your stories! Keep going towards your savings goals, no matter how big or small. You can do it!!! + +——— + +I’m not at what anyone would consider the poverty level, but I do have a terrible habit that causes me to live paycheck to paycheck and has put me into some scary situations here and there. + +I have money automatically deposited into my savings account every paycheck. I also have a certain amount that I put into a second checking account that my regular bills come out of. My primary checking is for groceries, gas, and some spending money. + +So I have this HORRIBLE habit of overspending. And it’s not because I buy crap because I want it... I’m just buying things I genuinely need, like an apron so I don’t ruin my clothes when I cook (I’m messy and keto involves a lot of fatty foods lol). No, my one big spending problem is eating out. I kind of panic if I don’t eat breakfast because I don’t have time to eat lunch and breakfast ends up being my only meal until dinner. + +Anyway... about this time in the pay cycle (four days until payday) I’ll have to start transferring money from that savings account to my primary checking account because I only have $11 left or something. I’m not exaggerating. This is twice a month this happens. Every. Damn. Time. + +But this month!!! This month I made some changes. I said no to frivolous purchases (passed on a beautiful robe on the clearance rack to replace my slightly worn one), took my lunch to work, made dinner with leftovers to spare, was a lot smarter about how much food I purchased (from a big family, hard to learn to just cook for two), and got creative with cheaper recipes like different types of salads. The biggest thing I did was say no to eating out. I’m not actually hungry, I’m just not planning ahead and panicking when I think I won’t eat for the rest of the day. + +What’s amazing is that I didn’t actually sacrifice that much! I was able to spend $50 on new workout pants and bras. I took my boyfriend out for a drink on Easter Sunday. I even bought myself a Starbucks. + +And here I am, sitting on $52.81 for the rest of the week! THIS FEELS AMAZING! Just those changes made a massive difference! I actually kept what I put aside in my savings account (I officially have $405 now). And I don’t need to spend that whole $52.81. I know I can make some of the veggies from last week go into meals this week and I have lots of deli meat, eggs, and bacon left. So I plan to grocery shop for what I need for the week and if I have any money remaining, it’s going into that savings account... and then I’m going to do the same thing this next paycheck. Hooray for SAVINGS!!!!! +I’ve just reviewed 50 CFD trades on Trading 212, pretty much even wins and losses. + +I divided the average result of a trade in £ by the average price difference in $ at the open and close of a trade. + +When I lost, the exchange rate was an average of £0.79 per dollar, which is bang on today’s exchange rate. + +But when I won, the average rate was £0.77. + +Of those 50 trades, the highest 20 rates were on losses, and the lowest 22 were on wins, with only a tiny bit of overlap in between. + +Rates for wins ranged from 0.749 to 0.783. Rates for losses ranged from 0.778 to 0.813. + +The only question is whether this is well known and/or standard industry practice. + +Is it well known that they do this? +Hi All, + +Longtime lurker here and wanted to ask a question. Would really appreciate the advice. + +I've just converted my holdings to cash as I'm moving my ISA over to T212s ISA plan (needs to be cash) and now I have about 60k to invest. + +Before the money has moved over, I deposited a few thousand and immediately put it into the Vanguard FTSE Global All Cap. I had planned to maintain a decent amount in here, with a section of my ISA dedicated to picking undervalued stocks with decent growth potential (SQZ was one of my early picks from a couple of years ago for example). + +It has dawned on me though that most of me share dealing education has been within the market conditions of the past 10 years and it would be unwise of me to assume things will always be this way. + +I'm wondering how best I should be preparing for the next few weeks and months ahead? Do you think I should be keeping one eye on what may happen to the market soon? Should I be hedging my bets between stocks and bonds (something I've ever bought)? Buying some defensive stocks which may do well if the market tanks 30% like it did in March? + +If it was your money, what would you do? what strategies will you be employing? + +For reference, I'm in my 30s, good job. Losing a chunk of money would be bad, but not the end of my financial future. + +Thanks, everyone. +I’ve just reviewed 50 CFD trades on Trading 212, pretty much even wins and losses. + +I divided the average result of a trade in £ by the average price difference in $ at the open and close of a trade. + +When I lost, the exchange rate was an average of £0.79 per dollar, which is bang on today’s exchange rate. + +But when I won, the average rate was £0.77. + +Of those 50 trades, the highest 20 rates were on losses, and the lowest 22 were on wins, with only a tiny bit of overlap in between. + +Rates for wins ranged from 0.749 to 0.783. Rates for losses ranged from 0.778 to 0.813. + +The only question is whether this is well known and/or standard industry practice. + +Is it well known that they do this? +I have a few thousand pound in Lloyds shares which I bought 4 years ago at 47p. I was going to cash them in last year for some house work, however when the time came they had tanked from 63p to 27p. They are now sat at around 50p and I'm wondering if in the next few months they could climb back to the 60p mark. I would prefer to take the money out in the next few months but not sure at what point would be best in the short term. +Hello ! + +I've been doing a bit of value investing over the last year, and I've done fairly well with a few big winners like NVDA, AMD, Timely entry and exit in BooHoo. + +I'm trading within my Hargreaves Lansdown S&S ISA, for the tax advantage I get on any gains. + +My issues/questions; + +- HL doesn't list a number of shares that I'm interested in, mostly on the NASDAQ. + +- HL has FX conversion fees that can eat smaller profits up. + +- HL has a stock trading fee that's in excess of what you can expect on some other platforms that aren't in an ISA wrapper. + +So - does anyone trade/invest within their ISA account, with broad access to global markets with minimum fees ? And would you recommend the platform if you do this ? + +(I appreciate that this is a question about trading platforms, but it's more a broad question as to whether trading/investing within an ISA wrapper is practical !) + +Many thanks ! +A bit of a touchy subject as we all seem to believe we only make the right decisions but what are some of your worst investments you have made? I've made a few stinkers but I have to say my worst yet was about 15 years ago. + +I was new to investing and didn't really understand fundamentals. I would browse forums and see what everyone was talking about and invest from there. 0 research. Funny enough it worked for a while and I managed to turn 2k into 4k over the space of a few months. Pure pot luck, however I then decided to invest in a mining company (if you can call it that) with everything I had. Safe to say I lost the whole lot, down 4k in a matter of weeks. At the time this was a all the money in the world to me and put me of investing for long time. + +&#x200B; + +I still hold the shares today, they are worth about £100 but I keep them so every time I log into my account the big red glaring number reminds me not to invest in hype and do your homework first. +So I invested a little in their Crowdcube campaign and they just posted an update claiming to be so + +&#x200B; + +>Here’s a data point we haven’t shared before: **We are the third largest retail stockbroker in the UK**. +> +>This is based on the number of trades through the London Stock Exchange’s RSP network. The data covers all of 2020 and is from the LSE itself and how it tracks market share amongst retail stockbrokers. +> +>That’s an incredible stat given we only removed the waitlist and launched publicly in April 2019. We went to third place in the span of a year! + +&#x200B; + +Thoughts? +[https://www.afr.com/property/residential/buyers-are-improving-their-offers-by-100-000-or-more-overnight-20210315-p57aq4](https://www.afr.com/property/residential/buyers-are-improving-their-offers-by-100-000-or-more-overnight-20210315-p57aq4) + +It doesn't make sense. This is irrational territory. Middle income local buyer, potentially going to be one income soon, buying for $2.65m + stamp duty etc. + +&#x200B; + +>sold for the guys who ended up buying it. They’re upsizing from a two-bedroom apartment in Kurraba Point. **They’re young professionals, trying to start a family. He’s got good job security, they’re dual income.** +> +>That’s the heaviest side of the market - not necessarily offshore buyers or expats, which a lot of people think. It’s a lot of local buyers with job security. They tend to be middle-income. They’re taking the opportunity to upsize. +> +>They’re almost paying next year’s price in order to get in now due to that availability of credit. + +What does the last line even mean? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[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 your 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I really hate how when your poor you can't justifiably have a casual hobby without turning it into some kind of side hustle. If you decide to start learning a new hobby it's viewed as a waste of money. Especially if your not good at it right away. On the other hand if you are relatively good at a hobby then there is this pressure to turn it into a way to make money. I just want to paint because it's fun and enjoyable for me. I'm glad my family and friends think its good enough to sell but I shouldn't be shamed if I opt not to. If your poor and have a hobby and not getting financial gain from it then it's somehow the hobbys fault that your still poor. Enjoying a hobby shouldn't be an experience reserved only for people with money. +Here is a screen capture of a video I found talking about short interest in 2006. The person narrating offers FTD' evidence in the video. On the lEft column is the date, and the right is the amount of FTD's. + +https://preview.redd.it/lw9dbzrdozf71.png?width=759&format=png&auto=webp&s=588fea2611b91e0e1c42b04b2cd8c0ca64aa4fbf + +&#x200B; + +https://preview.redd.it/73hym2ieozf71.png?width=759&format=png&auto=webp&s=fbf41842afb2360bd3d7711e1cc5177a4b7075e5 + +As you can see the FTD's all measure around $150,000,000 per day + +REG SHO Grandfather clause, " Grandfathered positions included those that existed prior to the **January 3, 2005** effective date of Regulation SHO, and to positions established prior to a security becoming a threshold security", is what opened the flood gates. + +&#x200B; + +https://preview.redd.it/9my7se2apzf71.png?width=728&format=png&auto=webp&s=561defda240148c849cf5ba2b3278843da2bc4a4 + +As you can see from the billions of FTD's in 2004, Market makers started selling Retail, IOU's. Cash always settles before stocks in the settlement process. When there is a blockage for the market maker, the system generates a IOU. + +The system also generates an FTD. When the DTCC comes asking for the shares, they show them far our of the money options, probably penny options, to the DTCC who adds up "long positions" then gives the market maker a seal of approval. + +The market maker then packages the large option positions and sells to a foreign extension of themselves where the FTD's are stored. + +&#x200B; + +Stick that in your back pocket. We'll tie that in, in a minute. + +&#x200B; + +Articles of interest with hidden information. Take note of the system risk involving what they found in Refco to American markets, and the "DEBT" in the 2nd article that led to the CEO release. + +&#x200B; + +https://preview.redd.it/87766vlbszf71.png?width=756&format=png&auto=webp&s=43ff4e765ce02336e86d101f58d0efaa18b76d97 + +https://preview.redd.it/r398xzc0tzf71.png?width=808&format=png&auto=webp&s=8a033eb383638896369afc65928396dc2efebaf3 + +&#x200B; + +[\\"The firm owed hundreds of millions of dollars that had been thought owed by others\\"](https://preview.redd.it/n4icrpdttzf71.png?width=813&format=png&auto=webp&s=4d7e7f6c31346e7550dde6f2835f18912f237360) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +What these articles tell us is that at some point in the early 2000's, market makers started selling retail billions of IOU's, pocketing the full price of the stock, packaging trillions of FTD's into options, then shipping those options off to extensions of themselves in FTD graveyards. + +The debt attached to each and every FTD, are date specific, The price the market makers were paid, is the same owed. That never goes up or down. + +What does all of this mean? The totality of the American debt, the entire American middle class, is sitting in foreign FTD graveyards, waiting to be discovered. + +Welcome to the bottom of the rabbit hole. + +&#x200B; + +Edit: I am not a writer and sometimes I forget that what I know, others may not. So, Refco scandal. If you read the Refco scandal you will see the original DD they conducted to try and hide their debt. This was put to use. + +&#x200B; + +https://preview.redd.it/wedrvl3lz1g71.png?width=1613&format=png&auto=webp&s=4b40913500b12a82f840c939ba8d01f3f3cd1497 + +https://preview.redd.it/orp0x50ry1g71.png?width=1618&format=png&auto=webp&s=d323d625838cb9823b7f5b1183e0e2c4722db226 + +The piece of evidence that prosecutors would not disclose to the public in this case was said to be toxic in nature to the markets. I speculate these were FTD's. + +&#x200B; + +https://preview.redd.it/nl19mk13qzf71.jpg?width=801&format=pjpg&auto=webp&s=eb45554f3cbf849e34d04deec7b58da3ba8ff47e +Hey y'all I wanted to share with you my story, reluctantly but hopefully it give at least one person some hope. + +(Long post) + +I was born in 1993 in Kingston, Jamaica. In a place called Seaview Gardens. (Google it, it's not the beach paradise you see on tv) it's a community next to the country's biggest landfill. + +After I graduated high school most of my family left for the states and I was left with my grandmother who couldn't keep up, so I was in the streets. + +When I was 19 (2012) I had my first child. My dad moved to the US in a poor neighborhood in Brooklyn (East New York) and brought me with him. I took the first job that was offered to me all the way in Connecticut ( $7/hr- dishwasher - ~11k/yr) they provided a wooden cottage for me and some other guys to live in. + +Little did I know but that job was seasonal. After many job listing scams (especially security guard listings) I finally got a second job 1 year later at the airport (baggage handler 7.50/hr ~12k/yr) + +My checks were about $200/weekly, if you know about New York City you know you have to ride the subway to go places and it's not cheap. + +*Life changing events * + +My dad left my stepmom who I was living with in Brooklyn and she gave me an ultimatum. "Since your dad doesn't live here anymore, you either have to pay bills or find your own place." - which was fair. So I told her I'd pay the electric which was about $200/ monthly in the summer months. I eventually was falling behind and the electricity was disconnected a few times before she had enough and told me I had to leave. + +I was homeless December 2014 after Christmas. I slept at the airport for a few nights before a co-worker offered me a place to stay. Although it was in neighboring state NJ it was a blessing. + +I cried every night and vowed to turn my life around. So I went to get my GED (2016) - I aced it. +Applied for community college(2017), graduated Magma cum Laude(2020), +Applied for undergraduate program (local)(2021-current) + +...but the most important thing I did was I found myself a spouse(2016). We live below our means and we save every penny we can. Our wedding cost us about $500 in rings and paperwork. + +*Success story?...* + +In 2019 I grossed ~23k, this year I will be grossing 49k and my wife ~50k. We have 12k in savings/iras plus money in the bank. + +If we stay steady our kids will never have to live the lives we did and have the benefit of having parents who know what it is to have been poor. If it's God's will. Thanks for reading all the best to you ❤️ +Just dumped about 15k on this ticker through multiple CSP (cash-secured puts) giving me an average price (including premium from the options) of around $23.50. I'm confident this stock will rebound. Rates won't stay at 0% forever. Plus, this is the only bank stock that papa Buffet is holding onto and he bought more at a higher share price (latest purchases were around $25). I feel confident holding onto this for decades. Someone play devil's advocate. +My options trading has evolved from long calls to call debit spreads. Both strategies are short theta. Watching my long legs decay over time has caused a serious case of chronomentrophobia - a fear of the passing of time. + +I learnt this word from an Outkast song. I can relate so much to this song lols. +I bought 4,000 shares when SNDL was at $0.50 and now that it is a meme stock I ride the wave and sell calls. I started with selling 40 calls a week and the premium was averaging $10 each so I make $400 bucks and buy more shares to sell more calls. I've been selling the $1.50 strike price and it has yet to come close. I really don't care if my calls get exercised because I bought in at $0.50. I've sold enough calls and profited enough that the stock can drop to $0.25 before I start losing money. I'm going to keep selling until it's exercised. Where can I go tits up on this? +I have a newly found large sum in my account(s) thanks to GME. They are Canadian retirement accounts and I'm not allowed to sell puts, only sell covered calls. I've become a big fan of covered calls. + +Here are my newly revamped accounts: + +**Account 1)** + +AAPL - 100 shares + +BNGO - 2000 shares, Sold 20x Feb19 $17c + +CRSR - 200 shares, Sold 2x Feb 19 $55c + +PLTR - 300 shares, Sold 3x Feb 5 $33c + +**Account 2)** + +APHA - 1000 shares, sold 10x Feb 5 $19c + +CCIV - 2x May21 $10c + +CRSR - 500 shares, sold 5x Feb19 $60c + +MARA - 1000 shares, sold 10x Feb5 $25c + +NIO - 500 shares, sold 5x Feb5 $59c + +TSLA - 100 shares, sold Feb $847.50c + +&#x200B; + +I'm 100% comfortable having shares called away. I'm selling 0.30 delta CC's. For example, Tesla is already ITM so I've reached max profit there until next week. + +Any suggestions or questions? + +Disclaimer - I've only been investing a few months. I had a great last year (self-employed). I put 38k in Account 2, and $17k in Account 1. I started in GME at $17 and averaged up a couple times, and made about $250k. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Repost, since I literally just doxxed myself in the previous one (≖ ͜ʖ≖) + +Sodomised to the tune of 3.2k by KGN today even after a good announcement, down a total of $7,390 (in like 5 days). Come oooon Xmas sales 😅 + +Enjoy my suffering, I know you'll like it /u/cutthosesideburns + +https://preview.redd.it/reecbzswtc061.png?width=874&format=png&auto=webp&s=32746d3a6bf65cceaa1f19eca2947f046192bd1b +I don’t have a daytrading account and I normally hodl everything for a while. But if I buy and sell many times on the same day without any funds in CDIA, will commsec kick me out? Say I buy DXB at .75 one day and sell it for .80 ten minutes later for a profit. If i keep doing this kind of shit multiple times a day will it be okay? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +I made a post sometime last year about an energy bill I received after leaving a 2-bed flat I rented for 4 years with one other person. We paid ~£120/month on average over the 4 years so were surprised to receive a bill for £3600 in unpaid gas + electricity charges incurred over the course of our tenancy. Several people on here brought up back-billing so I raised this with the energy company. We went back and forth with them for months with further delays in correspondence due to the pandemic. The best they ultimately said they could offer was a repayment plan for the full amount with interest. Someone then suggested I contact the ombudsman, so I submitted my complaint online not really expecting anything to come of it. + +About 3 weeks later the energy company write to apologise for incorrectly billing me and they had now revised the £3600 figure to factor in back-billing. They also offered to apply a further discount as a goodwill gesture so were happy to settle at £600 if we no longer pursued the case with the ombudsman. We really just wanted to be done with them so we agreed to settle at £600, but the tone of the letter suggested they genuinely felt we had them over a barrel. We paid the £600 and haven’t heard from them since. + +TL;DR - what is an ombudsman and why are energy companies so afraid of them? +I’ve been working in industry full time for about 10 years, in my early 30s and I crossed the $1M net worth mark earlier this year almost entirely in low cost index mutual funds. This was a lot of hard work and diligent saving. I started from $60k/year with nearly $80k in student debt. + +Now for the windfall. + +I work at a small private company and it was acquired by a public company. It looks like my stock options will end up being quite valuable, I’m expecting $5M from the public company bringing total NW to $6M. + +I realize how incredibly fortunate I am to be in this situation, but it’s causing me so much stress in trying to optimize everything and make sense of it all. + +I’ve gone from very happy for having worked hard to get to where I am to constantly getting worked up over how random it feels. + +It’s clear that I can retire now, but I make a great salary due to my long tenure ($250k base plus benefits and likely retention package) and I really enjoy my work. It is stressful and I really want to stop working, but I feel the opportunity cost of not working is too great. + +I’m close with my extended family and my base salary is easily 5x their household incomes. How could I justify retiring from such a good job when they have to work so much harder and more for so much less? + +My logic leads me to think I should keep working so they don’t have to and just give my extended family money. + +I don’t think they’d want to take it or at the least it might feel strange for them. + +Anyone been through something similar and have advice on how to approach this? + +I’m spending what feels like an unhealthy amount of time focused on money now. The bigger numbers make it feel more stressful and make me want to continue to work more because it seems my earning potential is still growing and I don’t want to waste the opportunity. +Hello! + +First time posting yada yada... + +Here's the link to the sheet: https://docs.google.com/spreadsheets/d/1eUzVIX7V36MLnB4AESlV0Vd-bUHxO87JYTNQzJTHt4o/edit?usp=sharing + +You'll have to make a copy of it in your drive in order to make changes. Only edit the fields in yellow that are in the middle. + +In the example that's on there, an individual has $60,000 in a loan (perhaps a student loan) with 6% interest and a 20 year term. + +By making a lump sum payment of $6000 they have in a savings account from working throughout college, and then deciding to put another $150 towards their loan each month, the sheet gives you a summary of what you'd be saving in this scenario. + +In this case: - Saving ~$20,000 in interest - Paying off their loan in 11.8 years instead of 20. + +This is a pretty primitive sheet that isn't really programmed to fit every conceivable situation. It's also not the most user friendly if you aren't familiar with using spreadsheets. + +I'd love to hear if it helps you in any way, or what you think could be done to make it more user-friendly and intuitive. + +I know this sub is drastically more savvy than most people, but I'm trying to spend some time while I'm unemployed to build some tools to help young people get a handle on their finances and build good habits. + +EDIT: +v.2 In progress: https://docs.google.com/spreadsheets/d/1mH6ByC0XkewRX5KFzh9afEUYZqQqZzeExu4ebLZDbA4/edit?usp=sharing +19M(FL) + +For past year after I’ve graduated, I’ve been sorting out my life, learned to work as a line cook at my local Chinese establishment, and bought my first car ($13k, now paid off). + +Under some months of apprenticeship, I was paid minimum wage, living paycheck to paycheck, but since I’ve ‘graduated’ last month and now make $3.7k/m. I pay $300/m + my family’s monthly grocery bill ($300-400/m) as rent, around $300-400/m in all other expenses. That would leave me excess of ~$2.5k/m. I have $700 in savings. + +But I don’t plan on staying in this career for too long, it’s mentally taxing and labor intensive, but I’m not sure what to do. I plan to save some money while I still can here, maybe pursue college later, or something. + +Understandably, some of the better, well-paying jobs require college education, but I’m not sure if that sit right with me, taking out tens of thousands (or more) in loans to pursue a career that probably won’t pay more than my current job until years later down the road. What would you do? What am I even saving up for? + +Edit: thanks to everyone who recommended trade schools/community colleges, advice noted! +I want to preface this by saying I am fairly new to real estate investing and I’m looking into buying my first property. + +From my learning, I have obviously become familiar with the 50% rule and that maintenance should be around 1-2% of home value per year. I have built out a full excel workbook to analyze rental properties and I continue to run in the issue that my expenses are much lower than the 50% (usually around 30-35%). Also, whenever the seller or agent provides financials, the expenses are similarly low. My question for those who have experience in this space is: Do you find that expenses typically fall in this lower range or is the 50% rule generally accurate? I understand every property is different and will require more or less maintenance, but I’m looking to confirm whether my estimates are far off-base or does the 50% rule hold? +Guten Morgen to this global band of Apes! 👋🦍 + +It is a daunting task to write today after a weekend filled with such a large number of events. +Of course, the largest of these is the news that Credit Suisse is on the brink of collapse. +We've been watching this bank for the past two years, wondering when its incredibly risky behavior with swaps would finally be its downfall. +As they attempt to try to assure their shareholders and clients that they are solvent, it is becoming increasingly clear that they are not. +When Credit Suisse fails, which may be as soon as *today*, it will ignite the powder keg that was built upon ridiculous swaps. + +My friends, this feels very much like the moment that the roller coaster we've been ascending for the last two years is about to crest the hill and begin the ride of our lives. +I cannot predict the future. +I cannot tell you what is going to happen in the days ahead. +I cannot think of a group that I would rather be on this ride with. + +Please, take any final measures you must to be ready for what comes ahead. +Steel yourself against the incredible amounts of FUD that will be spreading from all directions. +You know what you HODL. +Remember *why* you HODL it. + +Today is Monday, October 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$25.01 / 25,66 €** *(volume: 600)* +- 🟥 115 minutes in: $25.00 / 25,65 € *(volume: 600)* +- 🟥 110 minutes in: $25.05 / 25,69 € *(volume: 472)* +- 🟥 105 minutes in: $25.05 / 25,70 € *(volume: 432)* +- 🟥 100 minutes in: $25.06 / 25,71 € *(volume: 397)* +- 🟥 95 minutes in: $25.13 / 25,78 € *(volume: 383)* +- 🟥 90 minutes in: $25.19 / 25,84 € *(volume: 383)* +- 🟩 85 minutes in: $25.20 / 25,85 € *(volume: 349)* +- 🟩 80 minutes in: $25.03 / 25,67 € *(volume: 349)* +- 🟥 75 minutes in: $24.99 / 25,64 € *(volume: 349)* +- 🟩 70 minutes in: $25.05 / 25,70 € *(volume: 346)* +- 🟥 65 minutes in: $25.04 / 25,68 € *(volume: 346)* +- 🟩 60 minutes in: $25.15 / 25,80 € *(volume: 310)* +- 🟩 55 minutes in: $25.14 / 25,79 € *(volume: 310)* +- 🟥 50 minutes in: $25.12 / 25,77 € *(volume: 310)* +- 🟥 45 minutes in: $25.13 / 25,78 € *(volume: 310)* +- 🟩 40 minutes in: $25.14 / 25,79 € *(volume: 239)* +- 🟥 35 minutes in: $25.13 / 25,78 € *(volume: 239)* +- 🟩 30 minutes in: $25.13 / 25,78 € *(volume: 239)* +- 🟥 25 minutes in: $25.09 / 25,74 € *(volume: 239)* +- 🟥 20 minutes in: $25.12 / 25,77 € *(volume: 239)* +- 🟩 15 minutes in: $25.13 / 25,77 € *(volume: 239)* +- 🟩 10 minutes in: $25.10 / 25,75 € *(volume: 209)* +- 🟩 5 minutes in: $25.09 / 25,74 € *(volume: 209)* +- 🟥 0 minutes in: $25.08 / 25,73 € *(volume: 139)* +- 🟥 US close price: $25.13 / 25,78 € *($25.15 / 25,80 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9748. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! + **Note**: BlackBerry is NOT a cyber security company. They are a *security company*. Revenue does not care about your AI driven autonomous machine learning EV car with DDs. People are using these terms loosely. A quick lookup for interviews with John Chen would prove that he explicitly avoids these terms as they do not define nor matter to the products/revenue of BlackBerry. QNX revenue does not depend on any of these terms, it's on installation on any device. This includes the space station, of which there is 1 of with obviously non-recurring revenue. Buying based on these basis would be gambling. + +**Bull**: + +* Business transformation: BlackBerry is now a software company, starting the transformation in 2015. The focus is security, the general term. +* 5 Products: + + * QNX: Embedded system OS. + + * Multi-OS housing: It has the capability to allow for multiple OSs on a single chip. + * Real-time availability/software prioritization: Not all pieces of software operate on the same priority. Steering/braking would be higher priority than media, and QNX allows for that. Even if the thread/core is shared with other applications, when high priority software is requesting a resource it will be prioritized to ensure reliability. + * Resource sharing: CPU, RAM, and GPU resource sharing between different applications capability. Two applications can share the same CPU core and bump each other based on prioritization. + * Why not Linux? QNX has the highest certification for security available. Linux does not. CEOs would want to avoid liability and this certification allows for that. + * Device agnostic: It can be installed on any device, not just cars. Any IoT and offline device can use QNX. + * QNX Hypervisor: Consolidate multiple OSs on a single SoC using virtualization + + * SoC: System on a chip. Instead of using multiple ECUs, which is what car manufacturers currently do, they can use one single chip to run multiple high priority applications and multiple OSs. This is what Tesla does now. + * Virtualization: Running an OS in a virtual environment. Think Linux environment inside of Windows. This helps with debugging for developers without having to have the actual hardware. + * IVY: Scalable cloud-connected software platform for vehicles. + + * What is it a solution for? When a vehicle manufacturer wants a way to transmit the QNX/OS data safely, normalize it, and visualize it/interact with it. It also allows car manufacturers to own the data, unlike other OSs. + * Scalable: AWS servers are capable of handling the load from many endpoints. + * Software platform: There is currently no centralized software ecosystem for vehicles. IVY is providing that. + * Non-BB developers would be able to use an SDK to develop applications on IVY for infotainment/general apps/others. IVY will also use ML to gain insight on unrecognized patterns by developers. An example of this is detecting if a car slipped, without having the developer connect multiple sensors to figure out if that event happened. + * 50/50 joint effort on revenue and effort to develop the ecosystem. Using AWS's knowledge in AI/ML for calculated sensors (slip, driver on seat, etc) + * Usage by other vendors: A city can connect to the data from vehicles and detect when ice/slipping is happening. If brakes are getting overheated coming from a high elevation area. If a car had an accident, etc. An insurance company can provide an app to give discounts similar to the currently implemented OBD-2 readers. A maintenance provider can also connect to this data and check if an error is specific to maintenance, malpractice, or general misuse. + * Spark: Endpoint management. Basically API security. Did not delve far into this, basic info. + + * Unified Endpoint Security: This is the endpoint where a laptop/phone/IoT device hits. It provides encryption and security around that. Continuous authentication is a part of it, where a device is learning the user behavior using ML and continuously checking if the behavior matches the original owner; if not, lock the device. + * Unified Endpoint Management: Basically managing your API for devices. + * Zero trust: I think this is specifically talking about continuous authentication. Basically, it's not an authenticate once and forget it. It's constantly tracking behavior to verify the user is the authenticated user. + * AtHoc: Non-enterprise communication system. + + * Target customers: Government, healthcare, education, etc. + * Solution: A communication system targeting non-enterprise businesses; specifically for Event management, cross organizational communication/collaboration, mass notifications. + * Who does this benefit? You've seen the hacks in healthcare/educational/governmental sector. This is specifically for them. + * SecuSUITE: Phone application to allow employees to use work related data in personal devices without cross communication (between personal and work data). + + * End to end encryption. + * Separation of concerns between personal and work data. Employers CANNOT access your personal data. + * Used by NATO; doesn't carry much value in my book but maybe in yours. +* Customer oriented solutions: As you've seen in the products above, some products overlap and are just names to target specific customers. It allows customers to easily understand what product could solve their issue. Continuous authentication is a great example of this: Their customer complained that they kept re-authenticating, so they designed a solution allowing them to authenticate once and using ML they learned their behavior and can continuously check if the user is the owner/authenticated user. This kind of passion in leadership is good for business. +* Liability: QNX has the highest security rating available. Most CEOs want to avoid liability when it comes to security, using QNX would help them avoid that in a similar way cloud services help them avoid being blamed for hacking. +* Leadership: BBs leadership isn't one to play on famous words to drive the stock up. John Chen explicitly states this in his interviews and says they are a security company. Not cyber, doesn't mention AI or whatever. He explicitly avoids meme words and understands what the point of BBs business is. + +Where I think growth can be made: + +1. QNX in more cars. They can capitalize on the idea of less ECUs = less cost for OEMs + security. +2. IVY usage by OEMs along with QNX. +3. IVY ecosystem. Maybe application billing? +4. Professional services (support) for the products listed. +5. AtHoc increased market share in more governmental/healthcare/educational entities. +6. SecuSUITE for more enterprise customers with the idea being saving employers money from purchasing work phones for employees, and worrying about securing them. + +**Bear**: + +* Revenue: It is not yet based on a subscription/usage basis. You can only produce so many cars, and they don't give an insight on how much do they charge per car for QNX. Anywhere from $2 - $20 is what was mentioned in transcripts. This is a growth area, but not at a trajectory that's excellent. IVY does work on a subscription/usage basis, but IVY can be used WITHOUT QNX. I'm worried about this, but still see it as an area that will generate revenue in the range of $400 MM - $600 MM at the price of $20 per 30M cars. The 30M per year is based on the listing of their customers and their yearly production rates. Keep in mind I stated any device, this does not include trucks or other IoT devices. +* Market share: These are relatively new products. J.P. Morgan pointed this out as a priority for growth. This could end up not working out and growth never happens. This is a relatively low risk due to QNX and IVY providing SO MUCH value for car manufacturers Vs. other products in the market. +* Patent revenue: They sold a chunk of their no longer relevant patents to Huawei. This makes up a small (<= 32%) of their revenue and is a one time sale. The coming quarter could be equal or less to the last quarter revenue due to either other sales making up the lost revenue from patents, or coming up short. It could come higher if they sold more services, but due to COVID and knowing that many car manufacturers have lowered their production due to chip shortage, the next quarter will most likely be lower. +* VW.os: VW is making their own OS. VW.os is what they're calling it. They're currently using QNX, but that revenue could potentially stop. Personally I don't believe VW is capable of doing that. It's a marketing hype. Their companies are not capable of good collaboration or good implementation based on what I've read and researched (can't find article right now), but it's something to be concerned about. +* QNX success: While IVY could be using QNX, it does NOT depend on it. There is potential for OEMs to use IVY without QNX. I think this is a low risk, but still risk. 19 OEMs are already using QNX. +* Lack of Answers: I can't get much out of their earnings call. They don't delve into pricing for QNX, how they plan to grow it besides getting more car manufacturers and more cars post Corona. How they plan to do recurring revenue. A breakdown of each revenue segment would be helpful, but I don't see that either and there is hesitancy to delve into it. + +**Prediction**: I think QNX can become a $1B revenue per year alone. $2B revenue per year as a company is not far fetched. Without a subscription/usage based model, it is difficult to see how growth can go beyond that. BB is good in 2-5 years, not this year. I can see their revenue growing to potentially $2B - $4B revenue per year. They did mention trying to figure out a subscription/usage based billing, if done then the revenue would be much higher. I think $18 is a fair price on the high end. It could grow further than that, but expectations would be HIGH. + +**Resources**: + +1. John Chen interview: [https://youtu.be/\_hQQlCWMrQA?t=313](https://youtu.be/_hQQlCWMrQA?t=313) +2. John Chen interview: [https://youtu.be/FNdbGhun2E8](https://youtu.be/FNdbGhun2E8) +3. J.P. Morgan IVY presentation: [https://cache.webcasts.com/content/jpmo001/1416508/content/58ffe5daaa24e738fdef0d065b9b15077892ea63/pdf/secured/BlackBerry\_-\_Winter\_2020-21\_Investors\_Deck.pdf](https://cache.webcasts.com/content/jpmo001/1416508/content/58ffe5daaa24e738fdef0d065b9b15077892ea63/pdf/secured/BlackBerry_-_Winter_2020-21_Investors_Deck.pdf) +4. IVY: [https://blackberry.qnx.com/en/aws](https://blackberry.qnx.com/en/aws) +5. QNX: [https://blackberry.qnx.com/content/dam/bbcomv4/qnx/software-solutions/embedded-software/qnx-neutrino-rtos/pdf/QNX-Neutrino-Product-Brief-v7.pdf](https://blackberry.qnx.com/content/dam/bbcomv4/qnx/software-solutions/embedded-software/qnx-neutrino-rtos/pdf/QNX-Neutrino-Product-Brief-v7.pdf) +6. QNX Hypervisor: [https://blackberry.qnx.com/content/dam/qnx/products/hypervisor/hypervisorGEM-ProductBrief.pdf](https://blackberry.qnx.com/content/dam/qnx/products/hypervisor/hypervisorGEM-ProductBrief.pdf) +7. QNX Tools: [https://blackberry.qnx.com/en/embedded-software/qnx-software-development-platform](https://blackberry.qnx.com/en/embedded-software/qnx-software-development-platform) +8. Spark UEM: [https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/guides/guide-blackberry-spark-uem-suites.pdf](https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/guides/guide-blackberry-spark-uem-suites.pdf) +9. Spark UES: [https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/briefs/Solution\_Brief\_BlackBerry\_Spark\_UES\_Suite\_Final.pdf](https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/briefs/Solution_Brief_BlackBerry_Spark_UES_Suite_Final.pdf) +10. AtHoc: [https://www.blackberry.com/us/en/products/blackberry-athoc](https://www.blackberry.com/us/en/products/blackberry-athoc) +11. AtHoc in healthcare: [https://www.blackberry.com/us/en/products/blackberry-athoc/healthcare](https://www.blackberry.com/us/en/products/blackberry-athoc/healthcare) +12. SecuSUITE: [https://www.blackberry.com/us/en/products/secusuite](https://www.blackberry.com/us/en/products/secusuite) +13. Customer oriented solutions - continuous authentication: Start the video at 5:04: [https://www.blackberry.com/us/en/events/security-summit/2020/video-details/work-anywhere](https://www.blackberry.com/us/en/events/security-summit/2020/video-details/work-anywhere) +14. Easier link: [https://vimeo.com/497426347](https://vimeo.com/497426347) +15. VW OS: [https://electrek.co/2020/06/19/vw-to-develop-its-own-operating-system-but-dodges-question-about-id-3-software/](https://electrek.co/2020/06/19/vw-to-develop-its-own-operating-system-but-dodges-question-about-id-3-software/) + +**Position**: 1,500. + +**Disclaimer**: I don't know everything, I may be incorrect about some things. This is based on what I've researched and to the best of my ability. Do your own DD. Obligatory this is not an investment advice. +My econ professor just defied 98% of the class to tell us that, according to the Laffer curve, if the tax rate is greater than t*, reducing the tax rate would decrease aggregate consumption by increasing tax revenue. He says that income stays the same because of ceteris paribus. When dealing with the Laffer curve, isn't income necessarily increasing as the tax rate decreases? +I want to start making options markets (automated) on the side and hopefully grow the money over a long period of time + +I already know how being long the asset offsets the delta of a put and short the delta of a call + +&#x200B; + +But how do MMs hedge against theta and vega + +Do they just hope that there's no major moves in volatility and that that they can get an option off of their books within a day? + +And when that doesn't happen they just hope that the gains cover the losses? + +&#x200B; + +Or are there other instruments MMs use +First of all I’m completely new to this and have a few thousand I’d like to invest. + +Is there like a website? Are there commissions paid for the purchase of shares? Do I need a specific type of bank account? + +Lastly, I’d love to hear about your investing styles and I’d greatly appreciate if you pointed me towards a resource I can study that will help. + +Thank you. +Whether you are pro vaccines or anti vaccines, this is nuts. + +My decision to go all-in on Bitcoin has been the best decision I've made in my life. + +EDIT: It's important to clarify that we cannot withdraw dollars from ATMs, just our local currency. If we want to withdraw dollars from our bank accounts, we have to talk to a bank's employee to request our dollars. +**A) First thing:** + +1. Review markets and news for stocks with good overall trending direction and potential +2. Pick some stocks to trade for the day. Focus on those stocks and avoid jumping like a ninja to anything else + +**B) Next, prepare your strategy:** + +1. Draw the support lines in weekly, daily, and hourly charts +2. Place alerts just before the support lines (maybe 1 or 2% before) so you are notified when the stock is approaching your support. +3. Confirm your risk-reward ratio (example 3:1 = willing to lose $1 in order to make $3). +4. Now that your support lines are confirmed, draw your maximum loss and gain lines based on your risk-reward. + +**C) Finally, as the stock is coming closer to your support line (you know this because your ALERT notified you)** + +1. Is the MACD crossing and RSI below 30? +2. Are the SMA indicators crossing? +3. Is volume starting to spike confirming a possible reversal? +4. Wait for confirmation on the 5min chart +5. Once these are all confirmed, place the trade and immediately place your stop loss (you already have your stop loss line drawn so you know where to place it) + +**D) Journal about your trades.** + +* What worked, what didn't, your indicators, entry/exit prices, what you can do better next time. +... Im not talking AusFinance demographics, I mean the average person my age and maybe even location. Google presents varied information around mortgage sizes, net wealth, etc but I couldn't seem to find any information that consolidates this and provides a point of comparison by age and/or location? + +Thanks in advance + +Edit: some philosophical responses coming in which I appreciate - perhaps my context isn’t to make me feel good or validated or measure my ‘success’ - rather I really want to know if I am being too prudent or ‘sensible’ for my level of income or not. + +This hiring freeze comes after 400 layoffs in its marketing department last week. + + +https://finance.yahoo.com/news/uber-imposes-engineer-hiring-freeze-as-losses-mount-exclusive-202234064.html +I just felt like celebrating/bragging here because I knew I wouldn't get good feedback on Facebook (but showing off your new car is fine, I don't get it). + +[Here is my Breakdown](http://imgur.com/KCAWvGs) + +I thought about making a blog where I broke down each year of my working career from college graduation to now with income, expenses, and net worth at a few different points. However, I feel like I am your typical privileged poster on here. I came out of college with minimal student loans. (thank you mom and dad!) I got a degree in engineering and got a salary of 66k right out of school in 2011. I got a few raises and promotions up to $89k in 2015, which is ridiculous I know. Then I took a pay cut down to $75k a few months ago, which gives me a 10 minute commute and I am now enjoying the work I'm doing. I've been able to save about $50k per year and read a lot about PF/FI. (Edit2: I should clarify that my net worth has increased on average $50k per year, including the balance of my retirement accounts and realized or unrealized capital gains) + +I used to pick individual companies to invest in, and made some good gains that way, which wasn't hard to do in the bull market we've had. Now I've shifted towards index fund investing for my personal investing and the retirement accounts are in Target retirement date funds. Nothing much to see there. + +My plan is to work for another ~7/8 years in engineering which should get me pretty close to my 4% SWR goal, then maybe switch to something that gives me more time off, or is something I enjoy more or is something to do with car racing. Maybe even sooner if it wouldn't involve a large pay cut. + +If anyone has any questions for me I'd be happy to try to answer them. Or if anyone thinks the world needs one more personal finance blog, let me know. + +Edit: Here is my [networth over time](http://imgur.com/b2TusLE) for the curious + +Edit2: I felt like updating to answer some FAQs: + +1) I am using Mint.com for both of these plots. + +2) I was very fortunate to have my parents pay for all of my schooling and expenses while I was in college. But since then they have not been supporting me financially. + +3) So far in 2016, I am on track to max out my 401k ($18.5k), HSA ($3.25k), and Roth IRA ($5.5k). In addition to that my checking account has been increasing by about $1k per month. This would mean that I am on track to save $40k this calendar year. + +4) My paychecks are about $1350 bi-weekly, So $2925 a month on average after taxes, 401k, HSA, health and dental. Apparently I spend about $1900 of that on all my expenses. + +5) My expenses are Rent $825 (my share), gas $150, groceries $300, car insurance $100, Electric/gas $35 (my share), internet $15 (my share), dog stuff $100 . And I guess about $400 of miscellaneous spending a month. + +6) I used to invest by picking individual stocks I've traded: CF, KO, LAD, PEG, BBRY, TSLA, RHS, XLV, VPU, GOOGL. +Now I buy and hold, in my personal account I have HUBB, RBGLY, BRKB, VDC, VOO, VPU, XLK, XLV + +In my Roth I have VFIFX + +In my IRA I have VTI, VXUS and BND. (this allocation matches VFIFX VERY closely) + +7) I was able to get my Roth IRA so high in 5 years because my previous (and current) employer allow roth 401k contributions. When I left my previous job I was able to roll the roth contributions over to my Roth IRA. + +8) What is my plan? I don't know really. I like saving money and learning about different types of accounts, funds, tax benefits and ways to save. I don't plan on retiring and quitting my job, I am looking to get a solid income from my investments to give me the freedom to not worry about what salary I'm making, maybe I could take an entry level position in a new industry. + +9) I am currently a Controls Engineer who mainly programs PLCs + +10) I live in eastern Pennsylvania. +So my mom lives in Indiana, she's gone to the same guy who does her taxes for the past 10 years. She's had no problems with him up until this year, this past tax season he said he "accidentally" put in HIS bank account for direct deposit for HER tax money and that once he gets the money he will send it to her. She informed me about it and told me she thinks he might be scamming her and i agreed i think its very shady. So i told her to contact the IRS to confirm what she was supposed to get and what she is supposed to do. I'm young so i don't really have that much knowledge of what else she is supposed to do in this situation. i just feel bad she might be taken advantage of, or if He's doing this to other people. + +Also Indiana Government just gave out gas stimulus checks for I think $325. which she didn't get but everyone around her got theirs. I think he might've pocketed this money. + +Is that good advice? should she do something else? + +please help!! thank you so much +First post, haven't seen this asked yet. + +Hello everyone, I am a 22 year old, I make like $24,000 a year in the military, and I want to have passive income in my 30s to cover at least some of my bills, and possibly live off of later on. + +HERE'S MY PLAN, TELL ME IF I'M SMART OR STUPID AND WHY. + +I keep throwing money into a Vangaurd US growth fund every paycheck. My thinking is, since index funds tend to grow faster than low risk dividends (which I plan on buying later) why not save up a lump sum until I get a disirable amount, pull that money from my index fund, and invest it in companies that are safe and will keep up with inflation, and start using that dividend return to enjoy life in my 30s, either working part time instead of full, or simply keeping a full time job and be able to take more trips and enjoy more activities. + +From there, I could always start another index fund for another 10 years or so and be able to retire very comfortably by repeating the process. I realize I could wait a good 20 years before I cash out and probably live off of passive income then, but I want to enjoy my younger life at the cost of bigger savings later on. + +Is it smart to use index funds and throw it all in dividend funds, or should I start investing everything into a dividend portfolio right now? + +If anyone would give some tips and help a young man out, I'd be very greatful, thank you! +these stream wars are interesting. How much value are lesser players (to NFLX) expecting to extract from the market? + +" The streaming media business is tough. Disney, which has a 30 percent stake [Hulu, ](https://crunchbase.com/organization/hulu) saw losses of $580 million last fiscal year, [according to an SEC filing](https://www.sec.gov/Archives/edgar/data/1001039/000100103919000053/fy2019_q2xreportingxchange.htm). + +This was, the SEC filing states, “primarily due to a higher loss from our investment in Hulu, partially offset by a favorable comparison to a loss from BAMTech in the prior year.” + +&#x200B; + +&#x200B; + +[https://techcrunch.com/2019/01/20/thanks-to-hulu-disney-lost-580-million-last-fiscal-year/](https://techcrunch.com/2019/01/20/thanks-to-hulu-disney-lost-580-million-last-fiscal-year/) +My daughter was diagnosed with Alpers Syndrome last month and it's progressing faster than anyone thought. She has 2, maybe 3 months to live. + +I'm a wreck, but I know the financial aspect when she dies will be crushing if I'm not ready for it. What do I need to do to get ready? +There’s a well known and [easy to poke fun at](https://target.scene7.com/is/image/Target/GUEST_cb052fde-c7c2-4d1f-8d2a-593e1165ae20?fmt=webp&wid=1400&qlt=80) tendency among FI folks – especially the ones feeling the initial excitement of discovering the possibility of FI – to view everything through a lens of financial efficiency vs comfort, with a heavy bias towards financial efficiency. There’s really nothing wrong with this, and it still basically describes me. + +But, as I’m beginning to emerge from the Boring Middle period of FI saving, I’m starting to really engage with the extreme degree of freedom I’ll be staring at. And the more I think about it, the more it seems this freedom deserves the same degree of obsession I put into FI back in 2012 when I discovered the concept. + +I've been trying to figure out how to approach this mindfully, rather than using my freedom to fall ass backwards into whatever I feel like. + +So, below I've written some framing exercises I'm trying to use to replace the outsize influence of a simplistic saving vs spending model in my life. + +Of course, I'm not saying these are the only frames that can inform life choices, but they're the ones that I'm really starting to try to rely on as I plan for what post-FI life will look like. + +**Simplicity vs complexity** + +[=======|40%|==========] + +Obviously the minimalists have a lot to say on this subject, and there are a lot of them in the FI community. And there are plenty of maximalists driving down the highway towing a trailer of jet skis and a chore list of truck, trailer, and jetski maintenance tasks. FI oriented folks tend to lean more towards simplicity, but it's worth engaging with this deliberately. Some complicated things are worth the trouble. + +**Comfort vs adversity** + +[========|50%|========] + +At first glance, this seems like a no-brainer. Why would anyone voluntarily add adversity to their lives when they could have comfort? Well, when I think about the standout experiences of my life, they were hard. Sometimes, really hard. Working with an election team in a shitty strip mall office with not enough money and no sleep. Extremely competitive athletic training. For some people, parenthood. Don't necessarily trust your knee jerk desire to eliminate all discomfort just because you can. + + +**Individual freedom vs Obligation** + +[============|60%|=======] + +This is [touchy](https://www.reddit.com/r/financialindependence/comments/hrq13b/the_ennui_of_wealth_vs_the_power_of_obligations/) subject! I’ve read the [libertarian takes]( https://www.amazon.com/How-Found-Freedom-Unfree-World/dp/0965603679) on this concept (which are worth reading), and I’ve read [other takes]( https://www.amazon.com/Theory-Justice-John-Rawls/dp/0674000781). Anyway, leaving aside what we actually owe to each other morally, which is something everyone probably alrady has an opinion on, there is the selfish utilitarian question of what choices will make you happiest. And, like focusing only on your own comfort, focusing only on yourself is probably more dangerous to your big picture wellbeing than you think it is. But the other extreme can be just as bad. + +**Consumption vs creation** + +[===============|70%|====] + +A lot of go-getters, myself included, will tell you that it's inherently more satisfying to spend your time and life energy on creating rather than consuming. MMM's carpentry comes to mind, and my own inability to sit still through a movie. But as you crank this dial up, you're usually also cranking up the complexity dial along with it, and you need to be aware you're doing it. Renovating a house is not a minimalist lifestyle choice, but it can still be the right one, even if you're a minimalist. But you need to be aware of how these things interact. +Following the great advice I got on my other post I wanted to follow up with this thought that has been on my mind for a while. Background first: 38 years old, no kids, recently separated from GF. Senior manager living in HCOL (but low tax) country. About 1.6m in company stock (partly locked), 200k in other investments, 200k cash, 300k in condo equity. Annual income of 240k. + +I really enjoy my job but I've reached the ceiling from a money perspective (unless my boss has an accident). Switching jobs would come with a loss of unvested stock and require me to work pretty hard to prove myself in my new company while I'm currently pretty well established in my company. Hence I'm thinking why not reduce work quota to 80% and get an extra day off per week. It's not uncommon in my company for mothers to do so, although it would probably be seen as a bit weird for a single guy to do so in order to go kite surfing and snowboarding more often. Of course it would come with a 20-25% reduction in pay. + +My thoughts: I can still achieve 90% of what I do now despite the reduction, just need to cut down on meetings and time wasters. Why work so hard now so that I have time when I'm too old to do the stuff that I like? And extra day off per week would take away a lot of the pressure I feel now on weekends to do fun stuff. + +Would be curious what the crowd thinks! +Hey Guys/Gals, for those of you who lived through 2008, us young’ns would love to hear your story of how you acted during the financial downturn. + +Did you follow your plan or did you get swept up in the emotion of the times? + +This line of questioning comes from some recent convos my wife and I have had around building a real estate portfolio. Just this weekend she mentioned that she was excited for a “real estate pull back“ so we could buy more investment properties. + +This lead to a conversation around what it must have been like during the last correction and whether our emotions would impact our thoughts around buying. + +For me personally I had just started investing in 2007 and I vividly remember the 2008 drop and I most certainly didn’t follow my own advice pulling out my “hard earned $50k“ when it hit $29k. + +Today the stakes are much much higher but it is hard to put myself in the shoes of 2008 and imagine how I/we would act. + +I also can’t help but notice that our plan to “buy the dip“ sounds an awful lot like the crypto subs during the winter bull run. lol. + +All this said, today we’re cash heavy with houses and cars paid off... and with a possible liquidity event in the near future we’ll be insanely cash heavy so we’re beginning to think about our ideal asset allocations. + +Both of us are concerned about a trade war and the state of the short/long term credit cycles so we’ll probably end up slanted much more towards bonds/CDs/treasuries then most people would suggest. + +All this said, we’d love to hear other /r/fatfire -ers stories about 2008 and how you felt living through that time. + +**Related:** Just today I stumbled across an old episode 2008 episode of This American Life (https://www.thisamericanlife.org/365/another-frightening-show-about-the-economy) which we’re listening to as we speak. Even the tone of the show is foreign and somewhat refreshing to hear. + +Look forward to the awesome conversation as usual. +8 years ago I was in a bad place. I was using this sub to figure out how to curate a hooker budget. + +https://www.reddit.com/r/financialindependence/comments/26mfz2/29_years_old_net_worth_20k_my_plan_to_reach_fi_in/ + +4 years ago I was in a better place with a wife and newborn. + +https://www.reddit.com/r/financialindependence/comments/78uld0/update_from_over_three_years_ago_priorities/ + +Today, I’m in a different place. I make $350k as of three months ago with a full time job plus passive income, and I thought I owed some of my thoughts to this sub because of how much it’s provided to me. + +They might not apply to you but I just wanted to provide another data point / perspective. + +TLDR + +1. Life changes. No matter what stage you’re in this is important to recognize. + +2. I’ve given up FIRE. What!???? What I mean here is that giving my kids FIRE is a bigger prirority. If I can achieve FIRE great, but I doubt it. + +3. Most importantly… FUCK YOUR CURRENT EMPLOYER IF YOU HAVE ONE. Switching jobs that allows me to make my current income… I realized most people don’t switch because they’re scared. Let me tell you: DONT BE SCARED. + + +4. This sounds really stupid but… FIRE is about the journey. I’ve already realized I won’t achieve FIRE but the journey has been amazing and set my kids up for an amazing future. + + +Net worth: 500k might be ok at age 40 but far from Fire + +Income: 350k + +Life insurance: $4 million + +God bless. +I can't be the only one who feels like people here are a bit too focused on their own gains, completely ignoring the real, important consequences of what happens all around the world. + +Not to say we shouldn't discuss how world events affect crypto. That's what the sub is for. But it irks me when people have absolutely no tact and completely ignore the horrible things happening only to try and see how they can make money out of it. + +I feel like everyone could stand from standing back and looking at the bigger picture, instead of watching the charts all day. +[Original post here](https://www.reddit.com/r/AusFinance/comments/k0zlhz/did_i_just_get_scammed/) + +tldr of the original: We "Won" a "Prize" of a free brunch and a $200 gift card, but to get it we had to pay $20, which they would give back to us at the brunch, and also sit through a presentation about an investment opportunity. Red flags everywhere, but decided to go through with it. + +Now for the update; (bit of a long one sorry so a tldr at the bottom) we showed up with absolutely zero intentions of investing in anything or giving these people any of our money. Walked in the doors, handed the receptionist our invitation and she gave us our $20 back right there and then. So that was good. Then out came this crusty old man being overly nice and friendly, chatting to the kids (we have 3 kids), telling us we look far too young to have 3 kids already, etc, etc. + +They ushered us through to the kids area. It was a pretty decent set up with Wii's, colouring, movies, loads of toys and some snacks and juice already out for them. The kids were not going to have any part of the presentation at all, they would be staying in the kids room with a full time "sitter" who we were able to meet and speak to for a while before we left the kids. We were only 10 meters away in the next room and the kids could ask to come to us whenever they wanted and vice versa. + +We then went to the presentation room. Basically five small tables, one for each of the lucky prize winners, each with a spread of food on it. Some cheese, crackers, various sandwiches, fresh fruit, biscuits, juice, water, tea, coffee, etc. Nothing fancy. We sat down and (unexpectedly) the crusty old man sat opposite us and he got to business. + +He asked how many houses we own, how much equity we have in it and how much money our house currently earns us. Obviously it earns us nothing, but then he told us that if we had an investment property we could earn a heap of money. (WOW!) He explained the very basics of property investment; you buy an extra house, rent it out and make money (duh!). Turns out this whole thing wasn't anything to do with timeshares, they just straight up wanted to sell us whatever property this Aniko group build. He spoke about how it will be nearly impossible for our children to be able to afford a home of their own, so we need to help them out by buying investment properties now. He also said that superannuation is useless, shares are useless and property is the way to go if we ever intend on retiring. We just nodded along and let him run through his script. After 5-10 mins he stood and left us to have our food. + +I scoped out the rest of the room and there were 4 other couples there. All of them still seated with their salesperson getting there little intro that we just sat through. We must have done the best job of showing our disinterest as all the other salespeople were still chatting away happily. + +Soon after, when all the salespeople had finished, the presentation began. Some bloke who had apparently worked in radio and media for over 40 years (never heard of him) took the floor next to the big projector screen and off he went. + +It was very rudimentary stuff, going on about retirement, how much one needs to comfortably retire, how much mortgages and kids cost, etc. Just real basic stuff saying how hard life is to get ahead. + +I saw straight through his BS, he was saying that people need $95,000 per year to comfortably retire, which is very high. He was using BS stats such as saying the average rate of return on super is 3% so it's useless. The share market went way down earlier this year so people lost a ton of money therefore it's useless. Having cash in the bank gets you nothing at the moment so it's useless (well that part was accurate). BUT investing in property is a gold mine! You just use the equity in your current home, buy an investment property here on the Gold Coast and, at worst, your tenant and the taxman picks up 90-95% of the bill but usually you make a heap of income every week! He used very basic figures like - borrow $400,000 for an investment property, this will cost you $300 per week and you charge your tenants $400. Bang! $100 a week for the rest of your life. With that $5,200 per year, put it onto your original mortgage, build up more equity and do it all over again until you have 3 investment properties. Never mind the stamp duty, tax, maintenance fees, rates, insurance, etc, etc. Just make all that money! + +He also went on about the cost of living and retirement and other super basic finance things. He got plenty wrong in my opinion and I'm sure he saw it on my face. + +Also, I spent about a quarter of his presentation on my phone looking at reddit. I only stopped because the missus thought it was rude. + +He finished by showing two short videos; one was a news story from late last year on Channel 7 about how this Aniko group have started construction or received money for construction or something. Then the second was basically a tourism ad for the Gold Coast. + +The whole presentation went for maybe 35-40 mins. Much quicker than I was expecting. And so far they hadn't really pushed anything on us at all. Just trying to plant seeds I guess. + +Once it was over crusty old man quickly sat down in front of us again with some paper in his hand. "Ah" I thought, "Now here comes the sell". But really all he did was just quickly rehash what old mate said in the presentation. We let him go for maybe 10 mins, all the while I was doing my best to show I was really not interested; lots of sighing, looking around the room, checking my phone, etc. I really wanted to just cut him off and say, 'sorry mate, not interested at all. Can I have my gift cards now?' But I didn't want to be an asshole. + +Eventually I did cut him off and say that our current plan is to upgrade to a bigger house as ours is no longer big enough for our family, so an investment property is a good decade away. We have other investments that are doing well and we're happy with how we're tracking. He reiterated for the 16th time that he just wishes he done it when he was younger like we are now and that he didn't start until he was 52. But now he has 2 investment properties and makes a ton of money out of them. + +We stood, said goodbye and made our way to the kids room. + +The kids were happily playing and had been having a good time. + +We went back out to the reception area, signed for our two $100 gift cards, said goodbye and walked out of there a little over an hour after we walked in! + +The missus and I both agreed that it wasn't that bad and was totally worth it for the $200, but that the food was pretty rubbish. + +Overall I didn't think it was much of a "hard sell" at all. They simply talked about super basic stuff for a while and almost never even mentioned their brand name - Aniko. The only time I heard it was around the news story video. All they really spoke to us about it how great property investment is and how hard life is if you don't have a few IP's to your name. + +BUT + +I'm sure if we had shown any interest it would've been a different story and they would've been talking themselves up and trying to sell us one of their units or houses or whatever. On my way out I did see a salesperson with another couple and they had an official looking form in front of them with names and numbers all over it half filled out. I hope they didn't get roped into anything. + +Going to bed now and will try to answer any questions tomorrow. + +tldr; Sat down for about an hour and listened to old people talk about property, finance and retirement while eating mediocre food. Left with my $20 cash refund and my $200 gift cards. +A friend of mine who is in his mid 50s is a business executive (senior manager) at a large corporation. His employer works him like a dog and he is mentally and physically exhausted. + +He does not have enough money to survive financially until his pension and Social Security can kick in around 2025. He did not save and invest enough as of today to cover his needs without working until he can collect SS and his pension without a huge annual withdrawal from his savings and investments. + +He is always talking about taking a 4% distribution and moving to a part time job and scaling back his lifestyle. + +I tell him that few employers is going to hire a $150K senior manager at a low wage low skilled job paying $12 an hour for a twenty hour a week gig. Those jobs are "set aside" for immigrants and young people. And low wage jobs are not necessarily easy. Think Undercover Boss! + +He disagrees and thinks that it would be easy to move from an executive role to a 20 hour a week low wage job. + +Your thoughts? +How big was your account size before you were able to do this full time? And what $ amount did you aim for per day? I’m growing my account right now to a point where I can quit my full time job and go full time but I wonder what others account size was before they felt comfortable to go full time with this. ++5% after hours. + +- **Revenue**: $43.1 billion versus $40.2 billion expected +- **Earnings per share**: $2.03 versus $1.64 expected +- **Intelligent Cloud**: $14.68 versus $13.76 billion expected +- **More Personal Computing**: $15.12 versus $13.55 billion expected +I recently purchased a 3 family home in Boston, MA. I have a tenant in there who is paying $1050, while market rent should be $2200 for an updated unit. Her unit is not updated, and is in lousy condition due to a slumlord and her living there for ten years. + +Prior to closing, we made the P&S state that we need the unit she lives in delivered vacant so I could rehab it and place a new tenant in there to pay market rate rent. The seller made multiple cash for keys offers, coming all the way up to $8000 as well as offered her another unit at a discounted rate in another one of his buildings about a 10 minute drive away from where she currently lives. All of these offers were refused. + +I decided to move forward with closing after the seller offered a $5000 concession to help cover legal fees while we go through the eviction process with this tenant. We served her notice to quit on December 30th, and she needs to be out January 30th. She claims she wants to leave the home because she lives on the third floor and cannot handle the stairs, but she is not making much of an effort to actually leave and I do not believe she will leave on her own accord (we've been trying to get her out since last week of September). She doesn't make much money and doesn't have great credit, so she doesn't look good to other landlords on paper, but I have strong reason to believe there are multiple tenants living in her unit with her that are splitting the rent, so I believe she has money saved and is acting entitled to her unit since she has lived there so long. + +On top of all of this, she did not pay rent for December because she knew the building was being sold to me and claimed she knows she has to leave, so she didn't pay. I have hired an attorney to help with the eviction, who is suggesting we avoid taking her to court because she can elect to go to trial and push this on for 6-12 months all the while living there without paying rent. Her idea is to attempt to have her to sign an agreement that she will be gone by February 28th, and I will let her live rent free in December, January, and February. + +My question is, do I have not have solid ground to stand on since she did not pay her rent last month? The notice to quit was served as a "no fault eviction" because I simply wanted her out so I could rehab her unit. Now that she isn't paying rent, don't I have more incentive to have her removed? My lawyer doesn't seem to think this matters. Any advice from other landlords/owners in Massachusetts? Thank you. +Basically we just signed the contract, but previously we made it clear that we did not want them to renew the lease for the remaining unit. + +They did it, we signed the contract today which was after the fact. + +Any way to nullify this lease agreement or amend it in anyway??? + + +Some salary news has leaked/come out recently and it's really destroyed my motivation. I need to calm myself down before I say anything I regret to management/directors. + +I started working in the business in June 2016. + +Feb 2019 someone was employed to be on the same level as me within the business. At the time I was on £33k. It's come out he started on £35k. + +6 months later, his pay was bumped up to £37k and I was offered a 'generous' pay rise up to £35k. At the time I assumed the newer guy was on the same as me and this was to put me and him as equals. Turns out, they essentially defaulted that he will earn £2k a year more than me. + +That's despite the fact we're both employed to do the same role, despite the fact I've been with the business since 2016, never had a sick day, never caused any drama, never begged for anything... + +I feel so worthless right now. So taken advantage of. It's the principle more than anything, I realise it's only £100 or so extra take home a month. but it's also more in pension and more off my student loans (which, by the way - he doesn't have). + +I think my direct manager has caught wind I'm unhappy and has gone behind my back to the MD to request a pay rise for me. However no conversation has been had with me about it. For all I know the director thinks he can get away with bumping me up to £36k still less than my equal colleague. + +Again, utter disrepect that no one will even have a conversation with me? They knowingly under pay me then don't give me chance to say my piece! At this point, even if they put me up to £37k it will be less than my colleague as he's had 1% yearly 'inflation' increase (which is a joke in itself obviously). + +Am I being unreasonable to be frustrated and let down by this whole situation? Should I just accept I'm worth less than my colleague? + + +Edit : + +I called my manager and we had a conversation on the phone about it. He admitted that they fucked up. Said they put me up to his starting salary or close but never took into consideration that he had incremental increases. He's essentially said he's put forward to the director that he thinks me and colleague should be on the same but has no answer on making up for their 'mistake' as they can't then increase my pay to make up for it as others will then want more... Which I understand. So assuming backpay is a no go, any suggestions on how they could make it up somehow? Maybe deposit a chunk into my pension without anyone knowing? We don't really get any perks as a business other than profit share but that's controlled by the group who owns us. + + +Edit 2 : + +Further conversations today apparently there are plans behind the scenes for a bit of a restructure. This will end up with a promotion for me and the same colleague (to do what we currently do but in a more official capacity). With that will come a new pay package to reflect it. I guess this will provide some kind of department structure but it's not going to give me back the 2 years I just had... I guess it could be a win, will find out more in September when the MD rolls out his plans. +Forgive me if the wrong place to post this, but desperately looking for advice here. We are in the process of putting an offer in on a property, where we had to submit sealed bids to the agent. We have heard back, and from what has been said it sounds like we were the highest offer (matched asking), yet we have been told there is another party "very close" who are going to try and improve their offer. Because of that, the agent has asked us for our "best and final offer". + +A few things bother me here. We aren't allowed to know how close the offer was from the other party, and whether they are or aren't coming back with an improved offer to match us, yet we have to assume they are and put in a "best and final", or risk losing it should the other party decide to do so. + +Where do we stand in being told by the agent if the other party decide NOT to proceed with an improved offer? Are they duty-bound to tell us, or can they basically force us into improving our offer beyond the asking price regardless? Seems a very flawed process, open to any amount of manipulation on behalf of both the seller and their agent, with the prospective buyer basically over a barrel. + +We are already at the very top of our budget, and on a property that requires a lot of work, so we are very hesitant to go higher, but in the same vein have spent years looking for a property this big in the area that we could actually afford. + +Is this a common practice, or a dirty tactic employed by Estate Agents? + +What happened to the good old fashioned bidding war? + + +UPDATE: Offer accepted at original asking price Without having to submit a BAFO. Thanks for all the feedback and advice. We would have gone up very slightly, but just made it clear we are at the very top of our budget. Guess we were looked at as a good option after all. +My mortgage company didn’t pay taxes on one portion/parcel of my property. The portion with the house was paid for, thank god, but the part with my yard and off street parking became delinquent and was subsequently auctioned off by the county to pay for said property taxes that the mortgage company was supposed to be paying, but didn’t 🤦🏻‍♀️ essentially there was a clerical error when my mortgage was sold to the company that manages it now. Freedom Mortgage. Now, I’m out a piece of property, my parking area/lawn, and I’m still paying for the same loan amount even though I’m now missing a significant amount of what I initially took the loan for. On top of that Freedom has done absolutely nothing and any time I call and ask the claim they’ll have an answer the following week. It’s now been six plus months. My question is wtf do I do now? I’ve contacted several local lawyers who agree this is something that requires a lawyer but they’re not sure what kind. The larger firms I’ve contacted won’t call me back.... has anyone else been through this or have any ideas? I would love a resolution. +Hi, + +I've been offered a job in Oxford. I was looking at places to live and I would probably pay close to 700ppm for living (bills, rent, etc) not including food etc. And I'd spend near 60ppm on petrol. + +However, my parents live in Woking Surrey and the commute is about 1h10mins. I would pay 0 rent and be able to save a bit, but I'm hesitant with that commute. It sounds fine and doable, but what is a commute like that actually like? +I'm 28 with ok savings and I'm happy paying rent at 700ppm, but also that is a lot to be saving instead. I mostly don't mind my current commutes of 30 to 40 mins but how much worse is 70 mins. + +What advice would you have for me? + +Edit: petrol would be about 200ppm, I've got a bike that does 110mpg and is what I typically commute on, and this is 5 days a week. However even if I had a car at 50mpg, its under 400ppm. + + +"Not your keys, not your coins," they all said. But who wanted to be the boring one with their assets sitting in a cold wallet earning nothing. Pfft. Not me! So I had stuff on Nexo, Coinbase, Blockfi, and Celsius. + +Over time, Celsius gave the better option, so slowly but surely I moved everything there until 100% of my crypto portfolio was there. + +Markets crashing? Didn't care. Looking at the long term. But now it's crashing so hard that Celsius is making me worried. I wanted to take it off. I turned off Hodl mode, but now I have to wait 24 hours to make a withdrawal. 18 hours later they shut off withdrawals. + +It's looking more and more likely that I'll lose everything. I still have some savings, I won't starve. But 3 years of stacking is going up in smoke. I'll never trust a centralized exchange again. And when I get a bit of spending money again the first thing I'm gonna buy is a cold storage wallet. + +Everyone warned me and I didn't listen. It's my fault. But I'll be damn sure it doesn't happen again. + +&#x200B; + +Source - CryptoCurrency +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hey all. I have been trading for about 1.5 years total. Only about 6 months diligently. One of the first things I learned was that "you can lose all of your money in forex." And that is true. So I was very worried about getting involved in the market. + +That being said, one thing I have not done is lose all of my money. Or even lose a lot of my money. When I first started, I did lose about 25% of my account right off the bat. But that was after about 10 or 20 bad trades. I have been more careful in my trades, and spent more time on fundamental analysis. I trade at about even right now, and have gained most of my 25% back. Hopefully I can continue to improve and become profitable. I still have my day job though, ha. + +The biggest thing to remember is that you can make a lot of money, but it is not a quick thing. It is the 'get rich quick' mindset that breaks the bank. Because to earn a lot of money, you have to risk a lot of money. + +I calculate my order size so that 1 pip = .05% of my account. For instance if you have a $2,500 account your lot size would be .125 (I round down to be safe to .12). If you have $10,000 your lot size would 1be .5. +This is using 5x leverage which allows you to have multiple trades open also since in the US we only get 50:1 max. + +This means a 100 pip SL is 5% of your account. I never really trade with a 100 pip SL. I try to keep SLs at 20 - 60 pips which is 1%-3% risk on this plan. + +Its also a good idea to trade with the minimum allowed on your first trades (.01 lots). Because even if you were successful with a demo account, you can get the feel of watching a trade with your REAL LIVE money in the market. It is completely different than a demo account. + +I hope this helps someone who is wary, because you won't lose all of your money if you are diligent and *protect the bank*. But you should always ask yourself "*how much am I willing to lose on this trade?*" not "*how much am I going to make when this does what I think it will do?*" + +Good luck everyone! + +Edit: typo / formatting. +We’re looking to apply for a Home Loan in the next 3-6 months or so for PPOR, subject to COVID-19 market impacts etc. Never had a mortgage before. Irrespective of good time to purchase or not, this question is independent of that. + +Have been saving a decent deposit for a while, one thing I can’t get a good handle on is how to prepare for the analysis of the past few months of account statements. Are there any particular spending habits that get scrutinised when statements are reviewed? If so, what’s the best way to ‘clean them up’ and how long for before application and settlement? + +We’re going to be able to comfortably service our target repayments plus house running expenses as I’m saving that per month already and have been for a while now, while also paying the equivalent of the mortgage again in rent payments. Just want to give ourselves the best chance of approval and a decent rate. + +Thanks for any advice! +**Edit:** So it would appear there's more to the story! Hooo baby. I'll leave it to u/Minuteman_Capital to explain fully [in their recent post,](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/) but to summarize: + +the massive 17x run-up in price beginning around April 2020 was likely due to the crypto dividend record date having been pushed ahead from its originally planned September 23, 2019. While we're still ascertaining what Overstock's exact short interest was at the time, it was likely far, far less than GMEs current SI. Pull up the OSTK chart and look at that epic volatility following April 2020. + +In terms of legal precedent for the issuance of a crypto dividend: The Overstock crypto dividend faced a class action lawsuit from short sellers that was [dismissed by a Utah judge in September 2020](https://ecf.utd.uscourts.gov/doc1/18315114807) (pacer link). This case [has been reopened](https://ecf.utd.uscourts.gov/doc1/18315209043) as of January 2021 on what appears to be a technicality that will likely not lead anywhere, but we'll have to see. + +In any case, while what follows below is true to the best of my knowledge, and tells the first part of the tale of how the SEC tried to look out for it's own (Wall Street short sellers) instead of protecting a manipulated e-commerce company, check out Minuteman's post for a follow-up of what happened after the initial Septemeber 2019 "squeeze" fizzled out. + +&#x200B; + +**Begin Post** + +I'm seeing a lot of hopium building on the possibility of a crypto dividend being announced either tomorrow, July 4th, or July 14th (Gamecoin launch and Bastille day). However, there may be cause to temper excitement if such a thing happens, please read. + +On September 13, 2019, two days prior to the September 15th Overstock crypto dividend record date, prime brokers like JP Morgan and Goldman Sachs began informing their Overstock-shorting clients the SEC had informed these brokers it would protect their decision to "accept cash equivalent value" in lieu of the crypto dividend, thus allowing short sellers to not have to close their open short positions. The share price of Overstock which had begun rising parabolically in early September, ahead of the coming record date, precipitously fell as word of this got around: + +&#x200B; + +[SEC Cock Block](https://preview.redd.it/l8rxew10i0971.png?width=1965&format=png&auto=webp&s=c5abf943c6dc1d6879e1e0da6a845faa4529c183) + +Patrick Byrne, the former CEO of Overstock, elaborates on these events in his [September 18, 2019 blog post.](https://www.deepcapture.com/2019/09/the-deep-state-cries-bazoomba/) A NY Post article published on September 17, 2019 serves as the other principle source for the information in this post. Available [here.](https://nypost.com/2019/09/17/ex-overstock-ceo-planned-crypto-dividend-to-thwart-short-sellers/) + +Note: *There is no FUD here, only information, seeking to clarify misinformation I've seen circulating. Apes can spend their time in more fruitful areas.* + +# Most of us now know the history of SEC corruption does nothing to refute the raging-hard-on-bull-thesis for Gamestop, but here is a summary of the thesis for those of you not as familiar: + +Each day that passes Gamestop is busily remaking itself as an e-commerce powerhouse - RC was able to transform Chewy to the point where it now out-competes Amazon in the pet supplies niche. Gamestop balance sheets are loaded to make this happen. Gaming is massive industry, growing rapidly. Some estimates at 200 billion currently. Chewy currently is capitalized at 35 billion. Gamestop is at 13 billion. Never has a company had more favorable and durable fan support and free positive publicity. As investment in the company grows, wall street caught with it's dick in the cookie jar becomes more and more obvious to the world at large. In the past they have always flourished in darkness. No one has ever took them on in the light. + +Personally its hard for me to imagine a world where people, thus informed, will stand behind a tiny group of greedy cocaine huffing bankers before they will stand with their own: the working, the struggling, the trying to provide for their families, those who have been fleeced by wall street. Apes, who of their own DD and hard work uncovered and disseminated an understanding of wall streets crimes, dropped into the water to take on the sharks. Who beat wall street - blindfolded and gagged --no data, no publishing resources -- at it's own game, ending decades old loopholes that allow meritless elites to continually siphon wealth from college savings, pension funds, retirement accounts. This is the underdog story we've seen in the movies countless times all our lives, except this is real life. You may have been early but you're not wrong. + +Not financial advice! + +&#x200B; +I’ve been seeing and hearing a lot of people going cash 40%,50%,60% while I’m out here with not even 20% cash. What should I do? How do you guys have such control where you don’t buy the dip? Or buy literally anything? I’ve been doing a lot more option trades then stock buys but question is still the same, how can you look at cash and not deploy it? I can’t seem to keep it in my broker or even my bank account for that matter. I just can’t resist not fucking myself over… advice? + +I used to keep 0 cash, like literally not even 1 full dollar but not I’m closer to 10-30% depending on the week.. I know I need to do less trades to be more profitable or hell just profitable 😅 but what should I use to control myself? +After breaking $1,000 for the first time I was wondering, I know we’re an optimistic sub most of who really buy into the technology and future of ETH, but with market cap do you think ETH can realistically hit 5 digits? IMO I can see it making a run for $10,000-$15,000 in 2-5 years, but not much more, curious to see others opinions. +🍸🎲 Welcome to the CocktailBar and Casino Metaverse 🎲 + +\- whitepaper being released this weekend +\- casino final tests compete +\- metaverse stage one almost ready + +💎It is so cheap compared to others like MANA, SAND… + +🚀It can go to 500m valuation easily! + +90% of the profits generated by the Metaverse and Casino will be returned to $COC holders via regular airdrops. 10% will be retained for project development and marketing. + +For each USD$10,000,000 in slots wagering the casino expects to generate at least USD$1,500,000 in profits. 90% of that would be airdropped to $COC holders. + +💰Potential Earnings + +🔺$10,000,000 per month in slots turnover = $27 airdropped to each $COC token each month. Yearly earnings = $324 per $COC token. + +🔺$100,000,000 per month in slots turnover = $270 airdropped to each $COC token each month. Yearly earnings = $3,240 per $COC token. + +🚀$COC holders get casino profits + +🚀Only 50k tokens + +What is the CocktailBar and Casino Metaverse? + +🍸 The CocktailBar is a 3D virtual world environment that patrons will be able to explore in first person and interact with each other having conversations sippin' on virtual drinks at the bar. Virtual reality meets defi. + +🎲 The Casino is a place for those feeling lucky. Play featured slots and table games and get paid winnings instantly in crypto. + +$COC🍸 - CocktailBar is the main token in the network. It has limited supply of just 50,000 tokens. If you want to share in the spoils of the Bar and Casino, $COC is the token for you. + +STAGE 1 ROADMAP 🚀 + +\- Launch live gambling +\- Metaverse Bar and Casino +\- Distribute Casino profits to $COC + +$COC is building a virtual reality bar and casino where players can walk around with WASD style keys, interact with each other, chat, play table games and more. + +Stage 1 - we have access to over 1000+ games from the best developers like Evolution and Wazdan. + +Stage 2 - we will have our own branded $COC casino games. + +The metaverse is going to be a casino and bar to start with. You'll be able to create your own character and mint them as an NFT for in metaverse use. + +💰All profits back to $COC holders. + +✔️$COC has limited supply of just 50,000 tokens. + +🔒All LP and team tokens are locked. + +🔺This can easily go to a $500 mil valuation on full casino and vr launch. + +You are still early, don’t miss the train!!! + +Join the community for more❗️ + +📱Telegram: [https://t.me/CocktailBar\_Discussion](https://t.me/CocktailBar_Discussion) + +🌐Website: [https://cocktailbar.finance/](https://cocktailbar.finance/) + +💵Buy $COC on Uniswap: [https://uniswap.info/pair/0x39FB7AF42ef12D92A0d577ca44cd54a0f24c4915](https://uniswap.info/pair/0x39FB7AF42ef12D92A0d577ca44cd54a0f24c4915) + +📈Chart: [https://www.dextools.io/app/uniswap/pair-explorer/0x39fb7af42ef12d92a0d577ca44cd54a0f24c4915](https://www.dextools.io/app/uniswap/pair-explorer/0x39fb7af42ef12d92a0d577ca44cd54a0f24c4915) +If you are looking to pick these up today at a little discount, now seems to be a good day to grab them. 5% off. I always love a sale, especially on my div payers. They may go down more since this market is volatile, but I like these anytime I can get them cheaper. PSA over. + I've been a very happy Starling customer, and have used them as my primary bank account for almost two years. However earlier today I tried to initiate a transfer to a cryptocurrency exchange, namely Binance. I make regular transfers to Binance and have never had any issues. Today though it failed with a generic error message saying to just try again later. + +Speaking to customer services I was informed by Josh: + +>To protect our customers we have temporarily suspended payments to cryptocurrency exchanges, having observed high levels of suspected financial crime with such payment. We are sorry that we cannot proceed with these payments. + +He also said it was a blanket new policy. + +I'm obviously in the market for new bank account. My old bank account, with First Direct, is still up and running (and still allows me to move my own money to cryptocurrency exchanges of my choice, almost like they think they might be a grown-up and responsible for my own actions). + +Just wanted to share, this is a massive black mark against Starling in my mind for people who might be considering them and might want to dabble in cryptocurrency. +It is generally considered a bad idea to reveal your net worth to others. There are many risks e.g. you may make yourself a target for outright theft. People may also keep begging to borrow money from you. You may also be a target of frivolous litigation. Any small misdeed from you is more likely to result in you being brought to court as the cost-benefit and risk-benefit analysis looks more favourable if you are wealthy. + +At work, I have been in many situations where I am nice to colleagues and develop good friendships with them. Then the next day they are no longer nice and are pressuring me for work because of pressure put on them from their manager. The bottom line is that even those you think are close to you, under the right circumstances, under enough pressure, can turn against you and use or exploit you. The applies not just to work colleagues but even friends, family, and perhaps even spouses or children. + +As such, is there any point revealing your net worth to anyone? Is it a good principle in life to never make yourself vulnerable to anyone, even those most closest to you? +I'm terribly bad at finance. It's very much in one ear out the other unfortunately. I've tried googling this but I just get boggled by all the text and information. + +Can someone explain in very dumbed down terms, how salary sacrifice works, why people like to do it, anything to watch out for, and how they do it for superannuation? +Hey, I just thought I'd share this in case anyone is in the same boat. + +Last year I had awful mental health and many things slipped by the wayside, including keeping meter readings up to date. Along with everyone else, I tried to get our gas meter reading in on 31st march before the price hike, but couldn't get on the website due to traffic. + +I put it in 3 days later and then in May was sent a huge bill (probably 10 months of gas, including winter heating in my single glazed house) because they had charged me for the whole lot on the new rate. + +It even said in the statement that I had used this gas over three days - purporting that I hadn't used any before the 1st April. + +Anyway, knowing it was technically my fault for not getting my readings in before April, but feeling frustrated that I was being charged entirely on the tariff, I decided to fight it. + +Many, many, many emails back and forth, including me learning how to work out units to kWh and doing a lot of maths - eventually bulb credited me with the ENTIRE bill they sent me in May. + +So a small win for the consumer. +Recently I cashed out part of my stock options (about 400k out of 2.3m NW most of which is tied up in my employer stock which has been performing greatly). I'm considering investing about half of that in index funds but wonder if I might just be buying in at the top of the market. On the other hand, I've been waiting for a correction for years and at this point am not sure if it'll ever come. + +What's the consensus here? + +EDIT: seems I was able to trigger an interesting discussion! Most people think I should invest now but there's also a couple of discerning opinions. + +My main takeaway is that I already have too much stock market exposure through my company stock and that I need to diversify away from that. I will most likely look at investing but maybe in a more diversifying way (REITs seem interesting and I also like the war sector in today's world). I will also look at shifting more of my company stock, possibly to repay part of my mortgage. Thanks! +My comcast bill increased $20 in the last month of my first year of a 24 month contract. This isn't the service fees or anything. It's the actual plan minus contract discount which is where it shows the $20 difference. Is this normal or am I being taken for money? +I have been researching into real estate investing - MFH have been my key focus. For me, I would like to keep down payments low and pay off multiple properties over the years. I don't need money now, so very high net-cashflow isn't a priority for me. + + +My dad, however, is close to retiring and isnt going to invest in multiple 25 year mortgages- he needs high net-cash flow now that he can live off of. He has a good amount of capital that he is willing to invest (around ~$800k). + + +What's his strategy here? + +Put a 50-60% down on a commercial MFH to minimize his mortgage payments so he can maximize his gross cash flow today? + +Short term Mortgages (10-15 yr)? + +Invest together with me and buyout his share when he wants to retire/cash out? + + +What would you do if you were in his position? + + +I'm still learning and researching a lot and will likely eventually find an answer but I wanted to get some early ideas going on in the back of my mind. +Typically they are 8-10%, but to screen a tenant and get one for the units, they require a 50% payment of first months rent which would bring the average up to 12-13%. Was it always like this or is this a new thing? I'm new to this. +Hi, am recently just getting into the whole REI scene and am honestly quite new haha. Have been reading up some stuff on BiggerPockets like their free guides and stuff. And I've been wondering, is it still possible to find cash flow positive properties without rehabing them? + +I stay in Singapore, which is a HCOL area that also has high taxes imposed on those who own >1 property (think 12-15% per additional property payable on purchase). Thus, I was looking at trying out long distance REI in other countries. However, I feel like rehabing properties overseas will be a challenge. Thus, is it still possible to buy turnkey properties which provide positive cash flow (including mortgage payments) overseas? Thanks in advance! :) +I’m new to ETFs, I am currently only holding ARKG, is it a good choice? What are the other ETFs I should consider for steady growth in my portfolio. + +For aggressive ETFs, is MOON a good choice? +Hello everyone! I need the advice of experts in our community. I am 33m. I want to save and increase my money - 15k$ (primarily save). I've created my first ETF portfolio: + +* VTI-55% +* VGT-10% +* SPY-10% +* BND-20% +* XT-5% + +I have a follow strategy: + +* I will start with 2k$ ETFs and I will buy ETFs every week. +* If a week ends with the bear market I am going to buy 2k$ ETFs if bull market 1k$. +* Next 5 years (maybe longer) I will try to add 500$ every month. + +I have a few concerns: + +1. When should I start buying ETFs? Now? +2. Is my portfolio correct for my purpose? If you have any recommendations for my portfolio I will glad to consider it. + +Thanks in advance! +I really like SCHD because of its holdings weight and also its dividend is pretty nice. + +The weight of SCHD in my opinion compliments VTI (my main holding) really nicely cause VTI is under weight in consumer non cylicals and industrials. However people say SCHD is bad because it causes tax event when dividends are pay. + +Now if you had a million dollars i could see that. But at absolute max over the next 20 years i dont think id ever get over $500k. So $500k and max 10% of my holdings would be 50k for SCHD/ by current share price means id have 685 shares. + +The dividend is currently 0.5 (ish) and paid out 4 times a year. $340 x 4 times a year is $1360 thats taxable. + +Unless im missing something here... are people really that worried and turned off on what i think is a very solid ETF because of $1400/ year? If you have that much in your account surely you can afford the taxes which even at 25% would only be $300ish. + +Am I calculating this right? Im just confused is all why people hate on dividend so much when SCHD in particular has performed excellent and i think will continue to. +In looking at the overlap between the two it looks like almost all of SCHD is in VTI. I really like having both in my portfolio. But I'm wondering if I'm wasting my time holding both? Should I just consolidate my SCHD holdings into VTI? +I'm not sure how to ask my question but there is a very close correlation in price action between the actual stocks themselves and the ETF. For many, many stocks you can overlay SPY and SPY and the actual ticker (e.g. MSFT or MRNA) follow the same path. Almost to the minute, if SPY goes up, so do those tickers. Is that b/c the ETF is required to buy the basket of stocks that comprise the ETF and so there's a strong correlation between SPY and many stocks? +Just seeking some clarity, Google and this sub give me conflicting information. If it does compound, great! If it doesn't, is it still worth investing in ETFs as opposed to Index funds? +Hey everyone, new investor here. I was wondering after doing a bunch of research what the general community feel is of investing in bond etfs. Mainly would you invest in one as opposed to a stock ETF or just avoid them at all costs. I do have a substantial position in VT and individual tech/fintech stocks but was unsure as to whether I should expose myself to bonds. I'm also young-ish but old enough to remember Netscape Navigator so I can handle some risk +Hi guys, + +Since all we hear in this sub is about the ARK funds, I thought it was interesting to share this video with you guys. + + +https://youtu.be/LhluPwDaNAQ + + +It is the latest episode of the Rational Reminder podcast hosted by Ben Felix, a pretty famous YouTuber and also portfolio manager. If anyone doesn't know Ben Felix, he is very against active management and usually backs up his opinions with empirical and scientific facts. + +In this episode he talks about the history of short term well performing funds and the aftermath of the well performing years. They start to talk about it around minute 15 of the video. + +By no means I mean to say it is not a good investment right now, in fact, I don't know shit as I'm pretty new to investing. This is more of a warning/knowledge sharing so people actually know what they are getting into and understand the risks of investing in the new hot stuff, especially those that mean to invest in it for longer terms, not just to 'surf the wave'. + +I'm also very interested in the counter arguments to Ben Felix's arguments since I can't really think of any and I'm sure a lot of people here can debate this more thoroughly. + +I'm interested in the responses. Thanks in advance. +Hello everyone! I need the advice of experts in our community. I am 33m. I want to save and increase my money - 15k$ (primarily save). I've created my first ETF portfolio: + +* VTI-55% +* VGT-10% +* SPY-10% +* BND-20% +* XT-5% + +I have a follow strategy: + +* I will start with 2k$ ETFs and I will buy ETFs every week. +* If a week ends with the bear market I am going to buy 2k$ ETFs if bull market 1k$. +* Next 5 years (maybe longer) I will try to add 500$ every month. + +I have a few concerns: + +1. When should I start buying ETFs? Now? +2. Is my portfolio correct for my purpose? If you have any recommendations for my portfolio I will glad to consider it. + +Thanks in advance! +Hi, 48 years old, never invested in a long term instrument in Canada. Lately put some funds in GICs, currently thinking about investing some amount in a diversified ETF portfolio. My invesment horizon is not too long as you can imagine (5-10 years max). Any advice is welcome. Thanks. +The current Space Exploration ETFs (ARKX and UFO) are kinda worthless as they both are mostly firms that only vaguely stand to gain from space tech. ARKX even has John Deere in it's portfolio because they're doing work with GPS mapping of farms. That plus the high fees of active funds means you're better off assembling your own collection of space stocks. In order of their dependence on space: + +1. SPCE (Virgin Galactic just got FAA approval for space tourism). +2. VACQ (Rocket Lab makes small rockets for on demand satellite launch in New Zeeland. Warrants available). +3. HOL (Astra also makes small space rockets. Warrants available). +4. IRDM (Iridium Communications makes satellite electronics). +5. LMT (Lockheed owns Rocketdyne and is an aerospace R&D giant). +6. BA (Boeing is the largest single NASA contractor at this time and is aerospace R&D giant). +7. Northrup-Grumman (They own Skunk Works and is another R&D giant). +8. Other aerospace R&D heavy firms to look at include Spirit, Textron, General Dynamics, and Raytheon. Also any aerospace company stands to indirectly stand to gain from advancements in aerospace technology as they all stand to expand the quantity and quality of the aviation industry (everything from maintenance contractors, to small parts makers, to fuel distributers). + +Numbers 1, 5, 6, 7, and 8 are all featured prominently on the DFEN 3x Aerospace and Defense ETF. This stock alone is a large chunk of my portfolio but I can't recommend it as they get that 3x leverage by putting 21% of the ETF portfolio into high risk swap agreements (not suitable for most investors). + +It's crazy though, a defense giant portfolio tracks space exploration better than any space exploration ETF. It's also crazy that many companies on the cutting edge of modern technology are classed as industrials and value stocks rather than tech firms. Guess what that means? The options are cheap and many are undervalued... But this might be the wrong sub for that. + +Disclaimer: I directly or indirectly own everything on this list except IRDM. My long term strategy is to simply keep trading bullish positions on all these and simply weight the portfolio in favor of my current picks. This is my main long strategy, and don't ask what my main short position balancing this is. +Majority of my holdings are VTI. I’m planning to put even more into VTI during this dip, but I’m wondering if anyone sees VTI crashing in the future or it is less likely as VTI is considered a quite safe ETF in the long run. My average is at $215.82. +As a college student I get a monthly allowance from my dad. I told him to invest 20% of that money for me. +So he started buying me these two: +\-ISHARES GLOBAL CLEAN ENERGY UCITS (IE00B1XNHC34) + +and + +\-ISHARES CORE MSCI WORLD UCITS ( IISIN; IE00B4L5Y983) + + +I trust my dad, as I know he is great with finances. I just wanted to ask reddit what you all think? + + +Also, this is a 20% save only at the beginning of the month. At the end of the month, I invest the remaining money myself. I usually end up using \~30% of my money that way, and save 70%. +I'm not sure how to ask my question but there is a very close correlation in price action between the actual stocks themselves and the ETF. For many, many stocks you can overlay SPY and SPY and the actual ticker (e.g. MSFT or MRNA) follow the same path. Almost to the minute, if SPY goes up, so do those tickers. Is that b/c the ETF is required to buy the basket of stocks that comprise the ETF and so there's a strong correlation between SPY and many stocks? +I think common sense is telling me that it would trigger a decline in housing prices. In Southern California, I care less about the rates being low because it's caused people to borrow so much and drive up housing prices. This hurts people like me who have been saving for over 10 years (investing in equities mostly) to try to borrow as little as possible. It's been frustrating for me because (selfishly) I'd rather the housing prices go lower and loan rates go up. + +Do you think a rise in rates would cause this to be the case? Or would prices remain flat or go up due to things like inventory issues? +I attended two physical therapy sessions in Jan of 2020. + +1st session: $100 for 1hr. + +2nd session: $100 for 1hr. + +I had insurance at the time. So I understood that I would have to pay something and it would go towards my deductible. + +Today the PT settelments office (Oakbend PT in Richmond TX) called and said I owed $500. They said for two sessions, the cost was $1200. Insurance paid $700. I owe $500. + +I just got off the phone with the actual PT office and asked how much it would be if I did not have insurance or wanted to just not use insurance, they said $125. By that logic, the MOST I SHOULD PAY is an additional $50 (already paid $100 per session). + +How is this legal or possible!?!! They can just charge whatever they want and if the insurance says they won't pay they then come to me??? + +I'm very nervous and upset. What can I do? + + +Edit: this is not a debt collector, but rather the actual med facility calling. It has not went to collections yet. +E4: TIL that enabling users to set their own flair is not the same as allowing individual users to edit their flair. Wtf Reddit. Everyone try again! + +E3: I have summoned u/bah2o The Great to see what they can see and help who they can help. Anyone having issues, please hit them up, for I am as useless as SEC fines when it comes to troubleshooting this stuff. Thanks in advance for your patience 🙏 + +E2: Ok, y'all should be good to go! Again, apologies for the delay 🙏 + +E: Please stand by. Im having technical difficulties. Apologies. + +[DRS POST](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! One of the many bits of feedback from my New Year, New gMe post was regarding apes being able to give themselves custom flair. There were many of you whom thought we should do Flair Fest again, and so, it is with great pleasure that I am announcing Flair Fest v2! + +&#x200B; + +**Starting today, at market close, we will be turning on the ability for individual users to set their own flair. Apes will then have 72hrs to give themselves the flair of their dreams. Like last time, and for those of you who are new or don't recall, there are a few rules:** + +**1. If automod would normally remove a word you put in your flair, it is not allowed.** + +**2. Please keep the profanity tasteful.** + +**3. If your flair breaks other sub rules (FUD, shilling, harassment, etc.), it is not allowed.** + +**4. Anyone found in violation of the Flair Fest rules will receive a 3-day tempban.** + +**5. Have fun!** + +&#x200B; + +Mobile Flair Editiing 101: + +1. Tap the three dots in the top right corner of Superstonk’s main page + +2. Tap “Change User Flair” + +3. Select a flair to edit and tap “Edit” in the top right corner + +4. Pick the color template you’d like to use and tap the arrow to enter the editing screen + +5. Enter the desired flair, using up to 40 characters/emoji to make it all yours + +6. Tap “Save” + +7. Bask in the glory of your new, custom flair! + +&#x200B; + +PC Users: go to Superstonk’s main page and click “Community Options” on the far right. Change your flair selection to “Custom” and type what you want. Save and enjoy! + +&#x200B; + +I look forward to seeing what sort of creative flair y’all come up with this time around! Enjoy! 🚀🌙 +This idea interests me. In the present time, could a person be able to even function without having some sort of bank account? Or is it pretty much impossible? Employers don't tend to pay cash at all anymore, even if you requested it. Tax office gives returns through bank transfer, and it seems more and more services using ONLY electronic transactions. + + +Am I missing something? Do you think it's possible for an otherwise normally functioning, working, rent/mortgage-paying, taxed Australian citize to just not have a bank account? Even if he accepted various restrictions/limitations. +**TA;DR** Since March 2022, more GME shares have been added to ETFs, Mutual Funds, Pension Funds, Index Funds and other funds. Minor increase for ETFs (+356) and moderate increase in other funds (+402,595). Pretty cool given the direction of the market the last 3 months. + +&#x200B; + +**ETF's** + +There are currently 119 exchange traded funds (ETFs) that include a total of 6,588,372 shares of GME. I reported 126 ETFs with 6,588,016 shares in March 2022. This is an increase of 356. + +https://preview.redd.it/usouzs6enf791.png?width=1148&format=png&auto=webp&s=6694cd82e6433274a6c035763b66d6e8ee5810b1 + +First 5 screenshots of ETFs in Bloomberg: + +https://preview.redd.it/a0f6cs35tf791.jpg?width=1422&format=pjpg&auto=webp&s=5d0cb537c0484ed16306e9153ce49c52c53577e7 + +https://preview.redd.it/hw7en6v5tf791.jpg?width=1432&format=pjpg&auto=webp&s=87bc8cf5852f7d3398387509cab7aee80c636c6f + +https://preview.redd.it/6xsqstnpmf791.jpg?width=1418&format=pjpg&auto=webp&s=64bca8f03fde6329eb5754b3e7e5b7c387a39420 + +https://preview.redd.it/2husrwhqmf791.jpg?width=1426&format=pjpg&auto=webp&s=3adc2146c6136329457e5de809b8b2343d671775 + +https://preview.redd.it/d35abwkrmf791.jpg?width=1416&format=pjpg&auto=webp&s=7c5d3429d4ab5932b52a6ed11c66750a9b4af601 + +&#x200B; + +**Mutual Funds, Index Funds, Pension Funds and Other Funds** + +There are 339 mutual funds, index funds and pension funds that hold a total of 8,406,879 GME shares. I reported 327 funds with 8,004,284 shares in March 2022. This is an increase of 402,595 shares. + +https://preview.redd.it/twen2ss9of791.png?width=1162&format=png&auto=webp&s=358f0dc82609ed08671459aefb038afe16880494 + +First 5 screenshots of Funds (other than ETFs) in Bloomberg + +https://preview.redd.it/2bsidr6epf791.jpg?width=1410&format=pjpg&auto=webp&s=6e90cb71bb47610c9554d30c609125c7cb7deb6a + +https://preview.redd.it/rad3x92fpf791.jpg?width=1414&format=pjpg&auto=webp&s=d891dcaacc73b28271524bdd72bdd505f7d7e8e1 + +https://preview.redd.it/7mcqwqyfpf791.jpg?width=1418&format=pjpg&auto=webp&s=0cb4385bc0cfa7052f822fffd7675824c7132ce4 + +https://preview.redd.it/0bwi80jhpf791.jpg?width=1414&format=pjpg&auto=webp&s=d79a643c2cafdeb6e0ec762f76c3a05edd436878 + +https://preview.redd.it/ihgi3taipf791.jpg?width=1418&format=pjpg&auto=webp&s=8b2fb499f5eaec00ccf979a3c8ed106c70a79dd7 + +&#x200B; + +&#x200B; + +Previous Updates: + +April 2022 + +(see edit on top of this post marked as April 11, 2022): [https://www.reddit.com/r/Superstonk/comments/ttfhe2/update\_on\_institutional\_ownership\_etfs\_and\_funds/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ttfhe2/update_on_institutional_ownership_etfs_and_funds/?utm_source=share&utm_medium=web2x&context=3) + +March 2022 + +[https://www.reddit.com/r/Superstonk/comments/ttfhe2/update\_on\_institutional\_ownership\_etfs\_and\_funds/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ttfhe2/update_on_institutional_ownership_etfs_and_funds/?utm_source=share&utm_medium=web2x&context=3) + +February 2022 + +[https://www.reddit.com/r/Superstonk/comments/ssrmfk/institutional\_ownership\_increased\_from\_39\_to\_45/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ssrmfk/institutional_ownership_increased_from_39_to_45/?utm_source=share&utm_medium=web2x&context=3) + +January 2022 + +[https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys\_selling\_update\_on\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys_selling_update_on_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) + +December 2021 + +[https://www.reddit.com/r/Superstonk/comments/rlg6yu/update\_on\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rlg6yu/update_on_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) + +November 2021 + +[https://www.reddit.com/r/Superstonk/comments/qp3bzy/bloomberg\_update\_on\_float\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qp3bzy/bloomberg_update_on_float_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) + +October 2021 + +[https://www.reddit.com/r/Superstonk/comments/qci4nn/gamestop\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qci4nn/gamestop_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) +[Article](https://finance.yahoo.com/video/ray-dalio-hedge-fund-dumps-150012044.html) + +Ray Dalio's Bridgewater has parted ways with its stake in Tesla, placing new bets on meme stocks, AMC and GameStop, in the first quarter. Yahoo Finance's Alexandra Semenova has all the details on this one. Alexandra. + +ALEXANDRA SEMENOVA: Yeah, guys, Bridgewater Associates, the largest hedge fund in the world run by billionaire investor, Ray Dalio, making some interesting bets last quarter. The hedge fund purchased shares of AMC and GameStop, according to a recent SEC filing. + +Interesting and somewhat of an ironic bet there to see a hedge fund betting on meme stocks. And this marks its first ever stake in AMC. The last time that Bridgewater owned shares of GameStop was in early 2018. Had it held its position during the short squeeze last year, it would have been valued at about $1.5 billion. At the time it owned shares, it was about $40 million. + +Also taking another interesting stake, Bridgewater switched up Elon Musk for Warren Buffett. The hedge fund took a new position in Berkshire Hathaway and sold its shares of Tesla last quarter. + +BRIAN SOZZI: Out with the old, in with the new. +https://wegotthiscovered.com/celebrities/gamers-set-their-faces-to-stunned-as-william-shatner-goes-to-bat-for-nfts/ + +This is just tinfoil but I think the reason that he is suddenly speaking about and endorsing NFT’s for gaming purposes is for one simple reason,,, he’s going to be the spokesperson for the NFT marketplace or maybe even GMERICA! + +Think about it, RC could not have picked a better person for the job. Here’s a list of reasons why and I’m sure you beauties will be able to add more! + +1. He’s loved globally. People can relate and gravitate towards someone like him. I see him as someone trustable. + +2. He’s got the connection to the whole outer space thing and has even been there. Sure fits in the all the spaceships and rockets we’ve been seeing the past two years. + +3. He’s easily recognizable. There’s few people on this planet that don’t know know who he is. + +4. Trekkies will follow him anywhere and the Star Wars crowd will follow them just to see what’s up. + +I can’t think of a better person to represent this new marketplace. + +Either way buy, hold , DRS! +(No judgmental comments please, hindsight is 20/20 and we wish we’d made different decisions) Good morning! I’m looking for advice for my parents. + +Income: Their current income situation: my dad is retired and gets $1200/month from social security. My mom is a teacher and takes home $800/month after insurance is taken out (not a typo) she also gets $900 from social security. When she retires she’ll get an additional $300 from her teacher pension. + +Assets: They have a 30 year mortgage they’re about 5 years into and the house is valued at $500,000 or so. My dad has already used his whole IRA. My mom has $12,000 left in hers. They own one used car. Nothing fancy. + +Debts: they have $12,000 in credit card debt. Also some medical debt, I think $20,000 or so. They have a payment plan for it. + +So far I have helped them make a budget so they’re not going further in debt. Also advised them to transfer the credit cards to a zero interest promo card so they have 18 months to pay it down. + +I don’t make a ton of money but I am stable, middle class income and almost debt free. I wish I could help my parents more financially but right now I’m trying to give my advice and maybe as I make more I can give them more. + +My question is whether I’m missing anything. I’m no personal finance expert. Should they declare bankruptcy to get rid of the credit card debt? Does that work for medical debt too? Thinking about the long term and retirement (my mom wants to retire in 10 years) I feel like it’s not realistic for her to afford her mortgage so maybe she should plan to move in with me at that point? Any advice would be so appreciated. + +Editing to add more detail: my dad is in his 70s and not in good health. Mom is in her 60s. They bought their house for $390k and it is now valued at $500k ish. +I (24F) just opened my first credit card. I’ve been using a debit card for a bit now, and my mom suggested I get an AmEx. + +My parents have never really talked to me about money - and they have always been very vague about their financial standing. I feel like I have had to figure it all out on my own, which is overwhelming. + +I’m lucky to have some financial support from my parents. I pay for my own rent, utilities, clothes, fun activities, travel, gifts, etc. My parents still help with things like gas and food and phone bill. I want to get to a place where I can be fully financially independent of my parents soon. Finance has always been intimidating to me - partially because my parents did not prepare me as much as I wish, partially because I don’t know how to talk about it, partially because I freelance and never know how much I’ll make in a month. Please be kind. + +Thanks in advance for any and all help/advice you can offer! +As title says - I have income Insurance which covers illness/disability. I'm a nurse, so can't see myself not having work due to being laid off, etc (I'm good at my job). + +Do you still think I should have an emergency fund? + +I'm in Australia, if that makes any difference. + +Thanks! +Hi FinancialPlanning community. I'm 24, recently living on my own, and I had a question about debt vs savings. Some background on my financial state: + +* currently making $50k before taxes, will go up to $55k in July +* holding ~$7500 in refinanced consumer debt collecting interest at 6%. Monthly payment is $425 +* housing expense is $675/month in rent +* all other essential expenses (groceries, insurance, utilities) total about $500/month +* Sitting on ~$5700 in short/long term investments, savings, and emergency fund +* $125k in student loans deferred until July 2022 + +I'm proud of the money I've saved and I plan on using it to buy a house to house hack in the next two years to minimize my living expenses. I'm a believer in the Robert Kiyosaki pay yourself first principle and I want to put this money towards an investment (such as the house). However, with my incoming tax return combined with my savings, I could knock out my consumer debt and save $425 a month. So my question is, should I kill all the debt at once or keep saving for the future while chipping away at the debt slowly? + +Appreciate any advice you all can provide. +Some of you are thinking that there is no way that Ken lied under oath because he has too much to lose. + +The thing is, he has more to lose if he does not lie. + + + +[Here is a side story of the 7 Dwarves](https://www.jeffreywigand.com/7ceos.php) + +It's happened before, the 7 Dwarves are the seven of the world's major tobacco CEO's and they all lied under oath together that nicotine is not addictive. + +[They also did a lot of shady shit](https://en.m.wikipedia.org/wiki/Operation_Berkshire) + +"They agreed to create a front organization, the International Committee on Smoking Issues (ICOSI) (renamed the International Tobacco Information Centre, INFOTAB, in 1981), which operated through an internationally coordinated network of national manufacturers' associations to delay measures for tobacco control.[3" + +They also took this a step further, and this is what they did. + +"The American tobacco industry, working with its counterparts in other countries around the world, organised ICOSI, later renamed INFOTAB for the purpose of coordinating the worldwide response of the industry to anti-tobacco activities. INFOTAB was used to formulate and publish a consensus position on the part of the industry. It monitored anti-tobacco organizations. It created an information service for the purpose of accumulating and disseminating intelligence on anti-smoking activities" aka, spying and shilling + +The last part basically is what's happening now with Citadel, shill activity is increasing and missinformation comes with it. + +The difference now is that we are many, and strong. We play the same game. +Our apes are doing their part of onsite DD's, drone flights, plane tracking, digging out shills one by one and critical thinking with accurate leads while also having fun doing it, not a drop of sweat or lose of sleep because we are many and we are worldwide. + +While ken hasn't slept good for days considering how he looked in the last "interview" + + + +EDIT: Alot of people are saying that this has nothing to do with GME and it's just plain stupid to compare those to things, because people lie under oath all the time. + +So i'll just make this short. + +You misunderstand. My point is that it was easier to get away with it before, but not as easy now with the web and easier access to information. It is also that he uses close to almost the exact same tactics. + +At the same time i am thankful for the ideas, DD and everything else people are doing, this was not as easy before unless you lived next to a HQ and had buddies working in finance. +Im in the air force, with a wife and a daughter. I'm just wanting to gain knowledge and try to figure out what's best for me. Tell me what paths did you guys take. Any background is welcome. :] +That’s what I did this week guys. Kept buying on the dip and averaged under $30 for T and $45 for XOM + +Previous T was $35 +XON got upto $55 + +Goal is dividend. That’s all folks +I’m a shift worker and work in an industry that requires 24/7 365 staffing. As such we receive shift penalties and they are guaranteed in our award. I earn roughly 90k a year with no overtime, with overtime it’s 95k. + +I have been trying to get approved for a 250k loan (refinance) property is worth 370k. I owe 244k. + + I’m told maximum I can get is 230k as my income is assessed as 67k ordinary hours or base wage. Do banks not realise this is outdated thinking and we don’t all work 9 to 5? +"Most real estate agents expect housing values to drop by as much as [20 per cent over the next six months](https://www.afr.com/property/residential/unsold-home-numbers-surge-as-buyers-pull-back-20200407-p54ht7) as buyers drop out of the market, prompting fears of a prolonged downturn that could force some agencies to close, according to an industry poll." + +Full story [here](https://www.afr.com/property/residential/real-estate-agents-expect-prices-to-drop-20pc-20200413-p54jcs) or in the comments. +&#x200B; + +# 0. Preface + +Hello apes! I am not a financial advisor and I do not provide financial advice. + +There's some hostility over a new term that popped up recently (DSPP). And there's confusion on both sides regarding DSPP versus DRS. I'm here to hopefully settle that confusion. Thank you /u/Snoo_75309 I've seen you pushing this information as well. + +TL;DR: **DSPP and DRS accomplish the same thing.** They both result in giving **you** ownership of shares on ComputerShare/GameStop's books. The only difference is that you use one or the other depending on if those shares have already been purchased or not. + +In a general sense: + +Direct Registration System (**DRS**) = You have already purchased shares at a brokerage. **The brokerage owns these shares** despite you having the shares in your brokerage account under them because the broker purchased the shares in **their** name. **A DRS must be used to transfer ownership from the broker to you.** + +Direct Stock Purchase Plan (**DSPP**) = You haven't purchased shares yet. You either do a one-time purchase of shares or set up a recurring purchase of shares through ComputerShare. They route your order to a broker and because the shares are purchased in **your** name, you're automatically registered as the owner of those shares. + +And if it's still weird to you, hopefully the charts below will make some more sense of this. + +Not really DD so much but uhhh the flair typically gets more traction and I think it's good if the information is spread out. + +# 1. Purchasing at a broker results in "beneficial" ownership of the shares. You do not own them - your broker does. + +\*Note that Fidelity is simply used as a replacement to the term "broker" to make it easier to understand as an example. + +Let's say that you open up a Fidelity account and click to purchase 100x shares of GameStop. What Fidelity will do is take your cash and then send an order to the market. Fidelity receives those shares from the market and credits your account with **"owning"** 100x shares. + +Now the problem with the above is that Fidelity took your cash and then placed the order in **their** name. This results in Fidelity being the one who purchased the shares, not you. So, these shares remain free floating as tradable under the DTC and ComputerShare/GameStop does not know that you purchased any shares at all. + +Fidelity owns the shares that **you** purchased, and they give you "beneficial ownership" or "street name" ownership to say that they own the shares on your behalf. + +[Purchasing Shares Through A Brokerage \(Beneficial Ownership\)](https://preview.redd.it/nas13hb3koq71.png?width=1031&format=png&auto=webp&s=13298bec9901fd9d48778f7ec1d2738050bfb0df) + +An even bigger problem that can occur is Fidelity can just take your cash and won't buy shares in the first place, resulting in them placing IOUs / phantoms / counterfeit shares on your account. This would be done through internalization, where the broker sells you shares "against their own inventory" of shares rather than on the market, and they then carry a liability on their balance sheet. + +/u/moondawg8432 discussed this and how it's "[Contract For Difference](https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp)" (CFD) which is illegal in the US. You should take a look at their post for some additional discussion: + +[https://www.reddit.com/r/Superstonk/comments/py33nd/i\_am\_going\_to\_say\_it\_brokers\_are\_breaking\_the\_law/](https://www.reddit.com/r/Superstonk/comments/py33nd/i_am_going_to_say_it_brokers_are_breaking_the_law/) + +We've seen some peculiar cost basis changes of their shares when apes transferred brokers or registered their shares. While it's not screaming evidence of them internalizing orders, it's still quite concerning and points towards it. + +It's something that happened before with CMKM Diamond when they registered their shares. They found that the brokers would take cash and not even buy shares by internalizing the orders, eventually leading to the trillions of phantom shares for that security: + +>NHH directed all shareholders to obtain their stock certificates and exchange them for new shares. That‘s when the masses of phantom shares and corruption of some big brokers came into stark view. **Many investors discovered that their brokers had taken their money and never bought or received CMKM shares.** \- [Source](https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/) + +Which then leads the brokers being able to legally say they're not lending **"your"** shares because they don't even have them in the first place. + +But that's all getting out of scope of this post - it was worth mentioning so that discussion still flows regarding CFD. + +# 2. DRS must be used for shares currently under a brokerage account to transfer them to YOU. + +Going back, there is now only one option for you if you want to change ownership of shares **from the** **brokerage to you**. Because these shares have already been purchased and are "Street Name" owned, they need to be transferred from the brokerage account. + +The broker will initiate the request with ComputerShare and the DRS process is handled between the two counterparties. When it's finalized, share ownership is officially moved from the broker/DTC and into your name. + +The broker loses ownership and you gain ownership - and thus part of the float is locked up. + +[Direct Registering Shares \(Street \\"Beneficial\\" --\> Book Ownership\)](https://preview.redd.it/6jb00knokoq71.png?width=1031&format=png&auto=webp&s=c9680415b7363cc73bba797a30119c1d9bf436a5) + +# 3. DSPP is a program provided by ComputerShare for new share purchases to immediately be registered in your name + +But now what the hell is the Direct Stock Purchase Plan (DSPP) that has been floated in comments and posts lately? + +I've seen comments about how DSPP is the way and DRS is a distraction, but that's not the case since they both accomplish the same thing. DSPP and DRS both register shares in your name, it just depends on where those shares are currently located. + +**Unlike DRS which is for shares that were already purchased and in a brokerage account, DSPP is for new shares that have yet to be purchased.** + +The old [archaic way](https://www.investopedia.com/terms/d/directstockpurchaseplan.asp) of DSPP was that you'd enter into a cyclical purchase plan to buy stock directly from the company themselves when they issued new shares, bypassing the broker completely. That method has since died off mostly because GameStop isn't issuing new shares and most companies haven't participated in the service for the past two decades. + +That all being said, there are now "DSPPs" offered through transfer agents, which are still functionally the same by getting you direct ownership of the stock. The difference is that the shares have already been issued and are in circulation so it is not directly sold to you from the company. + +You've probably seen the below in a few ComputerShare posts and wondered why it says "DirectStock Plan": + +[ComputerShare DirectStock Plan](https://preview.redd.it/u2jjp97eroq71.png?width=553&format=png&auto=webp&s=c53f18b13ff2d6ce6202bada94c3a1b6e49aaf7f) + +The above means that the user has purchased **completely new shares** through ComputerShare versus a DRS request to transfer their shares from the broker. ComputerShare allows you to enter into a "DSPP" in which you purchase shares on the lit exchange and it immediately gives **you** ownership because you purchased the shares in your name. You're no longer under a brokerage in this case, so the brokerage can't take ownership of the shares. + +For this case, you'd open up a ComputerShare account and click to purchase GameStop shares. ComputerShare routes your order to a broker in your name, resulting in the shares coming back as purchased by **you** which ComputerShare then marks down as you having ownership of the stock. + +And if desired, you can enter into a cyclical "plan" where a recurring investment occurs to buy additional shares the same exact way. + +[Direct Stock Purchase Plan \(DSPP\)](https://preview.redd.it/wocg3kjlwoq71.png?width=1031&format=png&auto=webp&s=f78383714233f6f0272bf97a4497101dfde7d1e9) + +# 4. Conclusion + +There is no benefit of one over the other when it comes to DRS vs DSPP as they are both stock registration methods. Neither one is a "distraction". + +If you currently **have shares** in a brokerage account, you must use **DRS** to transfer those shares over to register ownership because the broker currently owns the shares, not you. + +If you currently **do not have shares**, then you can utilize **DSPP** through ComputerShare to immediately get those registered in your name when they're purchased because you are bypassing the step of having "beneficial ownership" through the broker. +My boss recently gave his two weeks’ notice, and I was (unexpectedly) offered his position and given a week to think about it. It’s around a 60% increase in gross pay, and a nice title to boot. But… this was the third person in this position to quit in the three years I’ve been with the company, and more often than not they have looked stressed af. + +I’m pretty comfy where I am with my responsibilities and wages (not to say more wouldn’t be nice, but I’m currently saving around 40% of my take home after maxing my 401k). Would it be detrimental for my career to say no? I like the company and I want to stay on, but just not at that job. How can I say “no” while staying on and not saying I don’t want the job because it looks too stressful? +I noticed that yesterday, early, the markets crashed. Which seemed reasonable. Later that day losses reduced and some assets turned even positive (crypto, NASDAQ shares, …) + +Apparently there is a correlation with sanctions that were brought upon Russia. However that is not gonna change much. Is it a case of correlation is not causation? + +Cause to me it seems more that people bought the dip and already adapted to the new reality of a seemingly local war. + +Honestly I expected a few more days of price dropping. + +Curious about your thoughts…. +I’m near Phoenix AZ and I purchased my home back in January for 380k at 2.5% on a 30yr and it’s already appreciated $50k not including the upgrades I’ve done/will do this year which total to around $40k. I only put 3% down to keep my cash and have $175 PMI but I’d love to invest in something else. + +I’m currently debating if I should Airbnb or Rent this home and buy another, or see if there’s a way to leverage how the value of this home continues to go up rapidly. + +The goal is to generate additional cash flow on top of my existing income. Currently comparable homes are renting for $2600 and my mortgage is $1650 after PMI is gone. I’m sure through AirBnB it could generate more as its fully furnished and semi designer inside since I have a background in that. + +Any help would be appreciated. + +Appreciate the help! +I read on the Bigger Pockets website: "The goal behind a BRRRR strategy is to pull all of the money you put into a property out when you refinance it so that you effectively bought a property for nothing, but still have 25 percent built-in equity to reduce risk." + +How does the BRRRR method help you get your money back? Thank you so much in advance! + +&#x200B; +So I was reading Fred Trump's wiki page and came across this: + +>In testimony, investigator William McKenna cited Trump and his partner William Tomasello (who previously had mafiaties)[44] as examples of how profits were made by builders using the Federal Housing Administration(FHA).[45]:409 **McKenna explained that the two paid $34,200 for a piece of land which they rented to their corporation for $76,960 per year in a 99-year lease, so that if the apartment they built on it ever defaulted, the FHA would owe them $1.924 million.** According to McKenna, Trump and Tomasello obtained loans for $3.5 million more than the Beach Haven apartments had cost. + +I'm curious, and not very knowledgeable on this stuff. Can anyone explain what that means exactly? Why would the FHA owe them money? +They re-aired an old episode this week that I had never heard, the theme being "held hostage". [This segment](https://www.thisamericanlife.org/409/held-hostage/act-two-4) is a pretty interesting story about real estate investors in New Orleans. +There are two parts to this post: + +1. General discussion on fatfire incomes + housing in VHCOL areas +2. Advice or insights for my particular situation (since /r/personalfinance won’t be helpful and /r/richpeoplepf is so small) + +For those of us living in VHCOL areas and looking for a nice house to raise a family, in the right area for minimizing commute, etc., it can get really expensive and eat up a ton of even a healthy budget. And it makes for very high transaction costs if your housing needs change, you want to pursue a career opportunity in another city, etc. How does your home buying and budgeting strategy change when you have a high income but in an expensive area? + +Personally I am on /r/fatfire more because of our high-ish income and controlled, thoughtful spending and less because we want to retire early. We don't have very expensive hobbies or tastes (besides having children), so it feels important to spend more to get the right home in the right location. + +On to the advice section and background for my situation: + +- Early 30s, live in a 2 bedroom house in Seattle in a neighborhood we really like, but with a new baby the layout issues and lack of good guest space have quickly become apparent, so we are wanting to upgrade to a bigger and more functional space in the next couple years before having another baby (but are not yet uncomfortable per se). +- We found a modern 3 bedroom house we like in a neighborhood close to the one we’re in now that we are considering buying for about $1.4M. It checks enough boxes to be “good enough” to work for us for 10+ years. +- I have some reservations about whether or not our desires would change in a few years and we would be looking at moving again. I really want to avoid the transaction costs of selling a $1.4M+ house after only a few years. One example of those concerns is that my reverse commute is not great unless I leave early, and it could become worse in a few years, depending on traffic. Another example is that with the house I’m currently considering buying, the middle school and high school are highly rated, but for some reason the elementary school is not, and I’m not sure what to make of that. I don’t want to buy a house in the city just to decide to move to the suburbs for schools in 5 years (even though currently the suburbs aren’t interesting). +- My income is about $220k + $110k RSUs plus wife's $70k for a total of about $400k. I could expect another promotion in the future that would earn another ~$100k, but the timeline is not predictable. +- $300k equity in our house, $450k in retirement accounts, $650k in taxable accounts. +- Currently save about $70k/year into tax advantaged retirement accounts and haven't been spending any of my RSUs. Childcare will be expensive, so that’s not totally figured in to our budget. +- I think we can afford $1.75M (seems to be the price of a house that checks more boxes) because we don’t spend a ton normally, but 1.4 feels a lot more easy and comfortable. +- I have lost interest in early retirement as I have progressed and found fulfillment in my career, but it is important for us to feel secure financially and not really worry about spending money. + +So, what does /r/fatfire think? In summary, my biggest concern about buying this “good enough” house is a fear of changing our minds in <5 years, value dropping significantly due to recession, and having high transactions costs of $100k+. I would wait things out another year, but it seems like similar houses at that price point don’t really exist. +Hi + +I’m single, 28 and have an 80K salary. I have 150K savings in the bank and looking to buy a house vs renting. Currently living with family and pay no rent. Living in London + +Is it wise to get on the property alone now or would you wait until you had a partner? + +I can borrow 400K mortgage and have 150K. I would like to move out but wondering if I should wait until i have a second person or if I should just go ahead. + +I think house prices may continue to rise over 5 years so is it better to buy now rather than cause my savings to lose value sitting in cash? + +Thanks! +Three days ago I [posted this thread](https://www.reddit.com/r/Superstonk/comments/w5gtth/neither_cs_nor_ibkr_will_issue_me_the_dividend/) about IBKR not willing to provide me with my dividend that was still in transfer to CS on the 18th. It arrived at CS on the 20th. We'll pick it up from the last contact I had with CS. + +*The information below might be useful for apes that are in the same situation.* + +**Going back to IBKR again** +I have contacted IBKR again with the information of CS: [https://imgur.com/a/Jdz6gvx](https://imgur.com/a/Jdz6gvx) + +The IBKR response: [https://imgur.com/a/xKoJMvR](https://imgur.com/a/xKoJMvR). Basically they say that because of the due bill the shares will arrive at CS today on the 25th, which is today. Of course I immediately checked my CS account, but no dividend. So... + +**Going back to CS again** +Of course I went straight back to CS and this chat is what happened: [https://imgur.com/a/KV7sCpS](https://imgur.com/a/KV7sCpS)To sum it up: + +* Due bills as mentioned by IBKR are only used for share purchases and **not for transfers**. +* Although IBKR said I had to wait for the due bill to settle, **no due bill was attached to my transfer**. +* CS straight up confirmed that since the shares were still at IBKR on the Record date (the 18th), IBKR is solely responsible for providing me with the dividend. + +**Back to IBKR again** +There we are again, going back to IBKR again. I think the time has come to get tough with IBKR and call them out on their bullshit: [https://imgur.com/a/Yx5HMYQ](https://imgur.com/a/Yx5HMYQ) + +Basically I'm demanding that: + +* They deliver the shares to my account with 24 hours. +* They have to loop in their compliance team (I will do this myself as well) +* If they do not comply I will take legal action +* If they do not comply I will report them to the appropriate governing bodies + +**My guess** +One thing that is bothering me is that IBKR keeps referring to the due bill that they did not attach and that is only used for *purchases*. I think they never purchased my shares and only purchased them the moment I started my transfer. Could that be the reason that they're hanging on the due bill story. This is tin foil country, but come on. The Corporate Actions team should know how this shit works. + +**TLDR**: CS confirmed IBKR has to deliver the dividend. IBKR keeps throwing the ball back to CS and doesn't even know how the process should work. + +**EDIT:** The previous post received a lot of "just wait a couple of days dude" comments. The story above just shows we need to be vigilant, keep pushing for our rights as shareholders and most of all **stop accepting the bullshit they throw at us.** +Hi everyone, + +I posted on Financialindependence but my post got deleted. Someone suggested I post here instead. + +I am 32 years old. Newly married and hope to have our first kid in the next year or two. I started a couple of businesses over the last few years. They have done very well and have allowed me to start thinking about an early retirement. + +As far as my goals. I want to be able to travel and enjoy life while living off of passive income. + +-Career situation and plans I currently make between $450,000 and $550,000 per year from my two businesses combined. And expect that to continue for the next few years until I step away from the businesses. It's a long story but essentially both businesses have a very short life span and are in very small niche markets. Which has been great. But it means at some point in the next 4 to 7 years the market will be saturated and my revenue will plummet. So I'm planning for the future. + +-Current and future income breakdown, including one-time events I currently have 1.4 Million in cash and stocks. About 40% in large cap stocks, 10% in index funds, and 50% in a savings account waiting for a market correction or a new business + +-Budget breakdown Right now I don't spend much money on anything as I work over 85 hours per week. My mortgage is roughly $1,400 per month and I haven't taken a vacation in three years. And been saving as much money as possible. + +-Asset breakdown, including home, cars, etc. See above. I have a mortgage on my house which has about $350,000 in equity if I sold it tomorrow. As its worth about $700,000 and has $350,000 remaining on the mortgage. And I own a Honda and some other land. +Stocks and cash = $1,400,000 + House = $350,000 + Land = $60,000 +Total is $1,800,000 + +-Debt breakdown No debt besides the mortgage + +My questions are: is it reasonable to 'retire' in four years at 36 with 2.5 million? We plan on having two or three kids. And want to live a normal middle to upper class lifestyle. I'm assuming that once I step away my business will still be bringing in close to $100,000 per year for the next 7-10 years. What ways do you suggest I set up passive income? Apt rentals? Index funds? This has happened very quickly. 6 years ago I had less than $50,000 to my name. So I'm really in uncharted waters here looking for any advice available. I want to live a healthy enjoyable life while not having to work for living. Thank you! + + +Guten Tag to this global band of Apes! 👋🦍 + +The best time to be alive in human history is now. + +Unless you are short GME. + +Today is Thursday, July 28th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$33.75 / 33,25 €** *(volume: 5917)* +- 🟩 115 minutes in: $33.75 / 33,24 € *(volume: 5910)* +- 🟩 110 minutes in: $33.73 / 33,23 € *(volume: 5501)* +- 🟩 105 minutes in: $33.70 / 33,19 € *(volume: 5446)* +- 🟥 100 minutes in: $33.68 / 33,17 € *(volume: 5124)* +- 🟥 95 minutes in: $33.68 / 33,18 € *(volume: 5124)* +- 🟥 90 minutes in: $33.68 / 33,18 € *(volume: 5064)* +- ⬜ 85 minutes in: $33.84 / 33,33 € *(volume: 4987)* +- ⬜ 80 minutes in: $33.84 / 33,33 € *(volume: 4792)* +- 🟩 75 minutes in: $33.84 / 33,33 € *(volume: 4792)* +- 🟩 70 minutes in: $33.79 / 33,28 € *(volume: 4710)* +- 🟩 65 minutes in: $33.55 / 33,05 € *(volume: 4710)* +- 🟩 60 minutes in: $33.27 / 32,77 € *(volume: 4689)* +- 🟥 55 minutes in: $33.27 / 32,77 € *(volume: 4683)* +- 🟩 50 minutes in: $33.27 / 32,77 € *(volume: 4680)* +- ⬜ 45 minutes in: $33.23 / 32,73 € *(volume: 4648)* +- 🟩 40 minutes in: $33.23 / 32,73 € *(volume: 4328)* +- ⬜ 35 minutes in: $33.22 / 32,72 € *(volume: 4328)* +- 🟥 30 minutes in: $33.22 / 32,72 € *(volume: 4328)* +- 🟩 25 minutes in: $33.25 / 32,76 € *(volume: 4309)* +- 🟩 20 minutes in: $33.24 / 32,75 € *(volume: 4069)* +- 🟩 15 minutes in: $33.14 / 32,64 € *(volume: 3931)* +- 🟩 10 minutes in: $33.13 / 32,63 € *(volume: 3765)* +- 🟩 5 minutes in: $33.11 / 32,62 € *(volume: 1327)* +- 🟥 0 minutes in: $33.05 / 32,56 € *(volume: 828)* +- 🟩 US close price: $33.78 / 33,27 € *($33.39 / 32,89 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0152. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I picked up a 2nd job part time around 3 months ago to make some extra $ to save and now have around 3k saved up now + an emergency fund. + +This is great as I’m trying to have enough for a down payment on a home within 5yrs + +Problem is I’m so extremely exhausted from working the 2nd job and I feel so mentally fucked. I can only manage around 4hrs sleep during the week and I’m working 14 hr days. + +Is this sustainable for a few years and I need to just suck it up? Or is the burnout inevitable + + +25yr old male with 1 yr old baby +**Market Notes:** + +Yesterday was another green day and futures are pointing towards another positive open. Unrest and looting continue around the nation. Markets appear poised to continue the march of the bulls. + +Worth noting that the **VIX** climbed yesterday too. Typically a higher VIX favors the bears. + +On another note, **Bitcoin** surged overnight and is now holding above $10,000. Key resistance is at $10,500, I'll buy if it can break this level. + +**Watchlist:** + +**RWLK** is a low float, resistance at $1.80 + +**WRTC** is a low float, law enforcement play, resistance at $8.30 + +**PRTS** is a lowish float, watching for a setup above $8 + +**NLS** is a lowish float, watching for a continuation above $7.35 + +**GNUS** has resistance at $2.80 + +**VRML** watching for a setup above $4.50 + +**TRIL** has resistance at $8 + +**AMRS** was the big winner yesterday, I'm only interested above $6 + +**MEIP** watching for a setup above $4.20 + +**DVAX** has resistance at $8 + +**AGEN** has resistance at $4.42 +[https:\/\/www.dtcc.com\/-\/media\/Files\/pdf\/2021\/8\/23\/15767-21.pdf](https://preview.redd.it/db3aj0h3j5j71.png?width=940&format=png&auto=webp&s=49e61696de873923d77f2944aac6a5ec242c75f6) + +[https:\/\/www.dtcc.com\/-\/media\/Files\/pdf\/2021\/8\/23\/15767-21.pdf](https://preview.redd.it/f8nk0mc6j5j71.png?width=941&format=png&auto=webp&s=22f76eac6da736f8de90c4ff1dfeb8a870c054e1) + +DTC Underwriting Alert! Section 3 (c) (7) restrictions for owners of the following issue: Citadel Finance LLC + +EDIT Hat tip to u/StonkyMcshart: + +>"This is senior debt that citadel financed back in March ([https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441)) need to read further into what restrictions were placed on this 600m debt bonds. +> +>So some things that jump out to me is citadel finance llc which would be the hedge fund side not the market maker. +> +>It appears as though they are filing for an exemption to the term “investment company” section 3c7 DTC “3c7”: Indicates the Issuer of the security has informed DTC that it is relying on the exemption from the definition of “investment company” provided by Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “Investment Company Act”). DTC has been informed by counsel to certain of these issuers that: Section 3(c)(7)" + +&#x200B; +Hello, I'll keep this short - looking to hear if anyone has completed an extension for their house recently.. We're current planning a very small extension, total size of 37m\^2 out of weatherboard, house on stumps and no wet rooms. + +&#x200B; + +We've received quotes at the very lowest of $150k, and the very highest of $350k... That's 4k-9k per square meter, more expensive than building an entire new damn house. Are builders pulling my leg or is this actually what an extension costs nowadays? +Place your puts as Boeing stock is likely to tank due to this news. Airlines don’t want to fly planes that customers don’t feel comfortable flying in and these consistent Boeing airplane crashes shouldn’t be taken lightly. The Boeing name used to be a hallmark brand of quality. Put options apes. + +Callout: Boeing plane that crashed was a 737-800, not a 737 MAX. + +Source 1: [Boeing 737-800 Crash China - New York Times](https://www.nytimes.com/live/2022/03/21/world/china-eastern-airlines-crash/guangxi-crash) + +Source 2: [6 days since Boeing reintroduced 737 MAX in China](https://amp.scmp.com/economy/global-economy/article/3170469/boeing-737-max-en-route-china-first-delivery-3-years-fatal) + +Source 3: [WARNING GRAPHIC - Boeing 737 straight down](https://twitter.com/ChinaAvReview/status/1505834279275999236?s=20&amp;amp;amp;t=4SwtH6agbS-Aq_gR2dlA-Q) + +Source 4: [Netflix Boeing Documentary Trailer - “Downfall”](https://youtu.be/vt-IJkUbAxY) +People who don’t understand crypto at all, and have fear of what they don’t know; and people who understand it way too much, and are worried by their economic interests being in danger. + +And then, there’s my granma. Oh my she’s so cool guys, ofc I love her! When I talked to her about cryptocurrencies and BTC, 2 years ago, she said: «I don’t understand how this works, but you seem so excited about this, and young generations are always right in this stuff». + +She went to her bedroom and said:«wait, I want you to do one thing» + +She returned with 100€: «I want you to go to the bank and buy some crypto». She clearly had no idea that you could do things with money outside a bank influence. Of course I took those money as cash for myself but I invested 100$ in a new wallet. + +It was 2019, I bought ADA at 0.0352. I left it there and this year I sold them at 2$. 6000$ from 100€. + +Why? My grandma is not feeling well, and could not be able to walk soon. But mentally she’s fine. I wanted to show that she was right in trusting me. + +I was so proud of myself, and after various whitdrawals from exchanges I had almost 5200€ in my account. I wanted to give 5000€ cash to grandma, as she did to me, and take 200€ for myself as “consulence”. Lol. So in the last two and a half months I took cash 500€ weekly and last sunday I went to her. She remembered those 100€ when I talked to her, and after she saw 5000€ she couldn’t believe her eyes. I lended the money to her and she only took 500€ for her and then she gave back to me 4500€: «go to the bank and buy more “crittusoddi” (=cryptocurrency in our dialect, I think she invented a new word lol), but this time don’t come back with money». This week I invested 500€ in 9 different projects: DOT, LUNA, SOL, CRO, GALA, CKB, XRD, ALGO and ONE. I left them in my “grandma wallet”, and I hope in two years from now they will increase in value and I could still show them to her, to feel like this again. + +This week I’m so happy and proud of myself, and I wanted to share this story with someone, as I only told grandma about my crypto knowledge. Sorry if I bothered you. +I made a post 3 weeks ago and I’m making another one. More of a PSA, specifically for those investing since 2020. I’m really trying to help you newbies out here. + +You’ve heard long time investors talk about valuations returning to normal and this and that, and I’m here to tell you if you are 100% in tech, growth stocks, etc, you’re going to have a bad time. Diversification and fundamentals are key here. Make a plan, learn different sectors, and find ways to hedge a bit. Get out of margin debt simplify. I’ve already seen so many horror stories on here this last week about being 40%+ down, losing savings, etc. This is the real world implications and the market is returning to normal after years of inflated growth. + +-Make a plan. Choose different sectors, tech, finance, consumer staples, metals, healthcare, whatever you want. Study your options, find deals, and stop expecting 20%+ growth. + +I whole heartedly understand on here this will get plenty of hate. I’m really trying to save some of you the heartache. I’m not calling for a crash, but my dog could’ve made money these past 24 months. But you’re about to go from the YMCA to the NBA. Good luck and be smart. I wouldn’t be in leveraged ETFs. +There are so many people living abroad that send money through things like Western Union and Wise - and crypto can deliver a better experience overall. + +When crypto finally starts breaking into the mainstream and people realize that there are things like Tron and e-Money that lets you to send funds at near zero fees, it will make crypto spread ultra-fast. + +People outside of the crypto community do not really care much for learning about what crypto has to offer or the tech behind all the new alts that pop up every day. But something really useful such as sending funds with little to no cost can really attract more people to crypto. + +Features like crypto compatible credit cards from Binance or Coinbase becoming so popular and offering crypto cash back along some cheap fees, the crypto market might finally reach mainstream status after all. +Guess those posts come in similar shape quite frequently, but I’ll just post my story aswell, it might save some new traders a lot of frustration. + +So basically I f‘d my whole year in the matter of a few days. Which is kinda funny after all, my main struggle along all my journey was fear. I always took profits super early and used super tight stop losses. My R:R‘s are usually around 1:10 to 1:50. I do that by taking snipe entries on M1 and setting my stop loss at 1-2 pips below my entry. Foolproof and stress free. + +So I was actually doing super well the week before my destruction, had 4 consecutive days with 100% winrate on my trades, making around 1k. Then I took a kind of break for a few days and while that I missed the move I was anticipating for a long time due to a lack of patience (Pullback on Gold from its recent overbought levels). + +It made me super angry and at the same time I thought my level of understanding the market is finally enough to accurately predict the next bigger move. + +Since I was angry and a little cocky after my recent winning streak I oversized. A lot. Kept taking new longs at the lower range of the consolidation until I was around 7 times my usual Lot size. Don’t ask me what I was thinking. That wasn’t even the worst thing, I just didn’t put a stop loss because I finally wanted to give my trade room to breathe for once. + +So yeah what happened next? It dipped, took all my positions and then reversed to hit fib level 50 (which would have been my tp). There were early signs of bears taking control, but due to a mix of cockiness and anger I just conpletely missed that. + +I ended up at a loss of around 4k. That wouldn’t have been too bad, if I would have just stopped at this point. Could have gotten it all back in the matter of a few weeks. Yea. I didn’t. + +Best way of coming back from a huge loss? Increase Lot size again and revenge trade. In hindsight I feel like the worst rookie. Just no idea, all of this is so insanely stupid. + +Well I ended up emptying my bank account and had to pull money from my BTC investment to fund my trading account again. + +It’s still not financial ruin for me, but I’m struggling hardcore at the moment. My confidence is shattered. Even though I’m trading half of my normal Lot size I’m just super anxious about taking trades. I can instantly feel my heartbeat going up. + +So, well what to take from this: + +1. The point where your fear becomes confidence is extremly dangerous. If you feel that coming - don’t be as stupid as me. + +2. You can be the best trader in the world, if your risk management sucks you are going to fail, eventually. + +3. Stay humble or get humbled. + +Best of luck to you guys. +Guess those posts come in similar shape quite frequently, but I’ll just post my story aswell, it might save some new traders a lot of frustration. + +So basically I f‘d my whole year in the matter of a few days. Which is kinda funny after all, my main struggle along all my journey was fear. I always took profits super early and used super tight stop losses. My R:R‘s are usually around 1:10 to 1:50. I do that by taking snipe entries on M1 and setting my stop loss at 1-2 pips below my entry. Foolproof and stress free. + +So I was actually doing super well the week before my destruction, had 4 consecutive days with 100% winrate on my trades, making around 1k. Then I took a kind of break for a few days and while that I missed the move I was anticipating for a long time due to a lack of patience (Pullback on Gold from its recent overbought levels). + +It made me super angry and at the same time I thought my level of understanding the market is finally enough to accurately predict the next bigger move. + +Since I was angry and a little cocky after my recent winning streak I oversized. A lot. Kept taking new longs at the lower range of the consolidation until I was around 7 times my usual Lot size. Don’t ask me what I was thinking. That wasn’t even the worst thing, I just didn’t put a stop loss because I finally wanted to give my trade room to breathe for once. + +So yeah what happened next? It dipped, took all my positions and then reversed to hit fib level 50 (which would have been my tp). There were early signs of bears taking control, but due to a mix of cockiness and anger I just conpletely missed that. + +I ended up at a loss of around 4k. That wouldn’t have been too bad, if I would have just stopped at this point. Could have gotten it all back in the matter of a few weeks. Yea. I didn’t. + +Best way of coming back from a huge loss? Increase Lot size again and revenge trade. In hindsight I feel like the worst rookie. Just no idea, all of this is so insanely stupid. + +Well I ended up emptying my bank account and had to pull money from my BTC investment to fund my trading account again. + +It’s still not financial ruin for me, but I’m struggling hardcore at the moment. My confidence is shattered. Even though I’m trading half of my normal Lot size I’m just super anxious about taking trades. I can instantly feel my heartbeat going up. + +So, well what to take from this: + +1. The point where your fear becomes confidence is extremly dangerous. If you feel that coming - don’t be as stupid as me. + +2. You can be the best trader in the world, if your risk management sucks you are going to fail, eventually. + +3. Stay humble or get humbled. + +Best of luck to you guys. +Lets say you can only buy it once. There are 1.2 billion participants with $1 ticket each and the payoff is $1.4 billion Would you buy this ticket? Also, would you buy a ticket in scenario 2- there are 1.2 bn participants, $1 ticket each and the payoff is $1.1 billion. +I save heavily as I'm looking to buy a home. Outside of that I don't spend a lot that I don't need, however, I will happily buy expensive computer parts and gaming consoles. I've been lucky enough to get all 3 of the big platforms at RRP this time around and I've never done that before. + +On the surface, many here wouldn't recommend anything like that, but I love my tech. + +Where does your money go to bring you joy that most of this sub disagrees with? +8k a month net + +Cars (cannot sell, negative equity) +$838 +$690 + +RV (cannot sell, negative equity) +$592 + +House +$1591 + +CC/Loan Debt +$1500 + +Utilities +$600 + +Gas +$400 (with current prices) + +Groceries +$500 max + +Insurance (auto and life) +$500 + +Phone +$180 (4lines) + +Internet +$80 + +Eating out/extras (could improve) +$400-$600 + +We are trying to snowball, but it always seems tight each paycheck. +As there is more and more evidence of "fractional reserve brokering" (the brokers not having the shares that they are selling us, basically selling us IOUs instead of shares, and actually having only a fraction of the shares they are selling us), and the institutions that are supposed to protect us, actually don't (in fact, they often actively prevent solutions that could enable a fairer market, such as the SEC cracking down hard on blockchain based solutions) we are seeing what is essentially a "stock run". + +In other words, apes taking out their stocks from the brokers, and DRSing it. Much like a bank run where after losing trust in the banks, taking out the money from the accounts and withdrawing it into physical bills. Obviously, once this causes a systemwide crash, they can no longer hide it form the public, as they have successfully been doing for god knows how long (decades at least, I bet). This will also start happening in other stocks. + +Creating demand for a provably fair stockmarket, on the blockchain. + +This will put Gamestop in the perfect position to be a market leader into a fundamental change in how the financial system will work. Not only increasing the freedom and fairness of the free market (or in fact, actually creating a real free market for once, instead of the scam we have today) but also making billions in the process. + +The impact of this can not be overstated. It will be a financial revolution that doesn't just happens once in a lifetime, but once ever. The stock market has not seen fundamental changes since its inception centuries ago. A change like this will be absolutely historical, and the next time something big like this might happen will likely be centuries away, if ever. Gamestop being at the front of this is absolutely insane value proposition. + +DRS, NFA, DYOR +[Good evening r\/Superstonk, Jellyfish back with you with an inflation update! ](https://i.redd.it/fp1191y5y9b71.gif) + +EDIT: Thank you u/Surplus3lf for being a kiwi on the ground and updating: It is the Reserve Bank of New Zealand (not the bank of New Zealand as I have miss labeled in the title.) + +AND + +>And in terms of the acknowledging the housing bubble is not a new concept over here. 28.7% increase throughout nz from June2020-june2021 is clearly unsustainable and have been mentioned multiple times the last year. + +END OF EDIT + +First, the conclusion. + +# All of this is happening in the backdrop of the Fed still plowing away with [$120 billion in assets purchases each month](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656): + +https://i.redd.it/hoxnxj1uy9b71.gif + +$40 billion a month in mortgage-backed securities. This will continue to depress mortgage rates and **only continues to add gasoline to the inflation fire**. + +$80 billion in Treasury securities a month (with policy rates near 0%): represses short-term and long-term interest rates in general, and inflates asset prices and consumer prices, which **further DESTROYS the purchasing power of the dollar**. + +While the rest of the world's banks are acting, The Fed still claims this inflation is “transitory.” + +Hell or high water, they seem intent on trying to follow the playbook from the last crisis: + +1. End asset purchases. +2. After the balance sheets quit growing then hike rates. +3. *maybe* shrink the balance sheet after raising rates. + +This approach worked 'well' last time because inflation was so low. [As we have seen](https://www.reddit.com/r/Superstonk/comments/ok45ql/inflation_alert_a_dive_into_yesterdays_cpi_report/), that is not the environment we are in at this time--people's mindsets have changed about inflation, these prices are getting paid and inflation is running rampant! + +However, while the Fed is asleep at the printer, [other world banks are acting](https://www.reddit.com/r/Superstonk/comments/ofe7s8/inflation_alert_by_request_of_uanonymousname_and/), with today seeing Canada and New Zealand take action. + +# Canada + +https://i.redd.it/mlp3kxdqz9b71.gif + +[“The factors pushing up inflation are transitory, but their persistence and magnitude are uncertain,” Err, How can something that is supposed to be temporary uncertain in size and length?????](https://preview.redd.it/th1r2hi71ab71.png?width=771&format=png&auto=webp&s=df03e11983831f3c714f8e92e7b74615abe0c0f1) + +The Bank of Canada announced it is reducing its purchases of Government of Canada bonds to C$2 billion a week, (previously C$3 billion a week). It noted inflation has risen 3.6% year-over-year. + +This is in the face of the previous action: + +Canada announced the first reduction in QE back in October last year, from C$5 billion to C$4 billion, when it also ended buying mortgage-backed securities. In March 2021, it started unwinding its liquidity facilities, citing [“moral hazard”](https://www.bankofcanada.ca/2021/03/market-stress-relief-role-bank-canadas-balance-sheet/) as the reason. In April, it announced a further reduction, to C$3 billion, citing [“signs of extrapolative expectations and speculative behavior”](https://www.theglobeandmail.com/business/article-bank-of-canada-governor-says-red-hot-housing-market-showing-signs-of/) in the housing market. + +[https:\/\/www.bankofcanada.ca\/rates\/banking-and-financial-statistics\/bank-of-canada-assets-and-liabilities-weekly-formerly-b2\/](https://preview.redd.it/c1x4dj7n1ab71.png?width=700&format=png&auto=webp&s=9a1dee5315c8082b2549865c8d8244acc3e1f85e) + +# New Zeland (New entrant!) + +https://i.redd.it/s0ngwc9z1ab71.gif + +[https:\/\/www.rbnz.govt.nz\/news\/2021\/07\/monetary-stimulus-reduced](https://preview.redd.it/5x5l61n22ab71.png?width=870&format=png&auto=webp&s=e71fa37b5de5aa8544c4f425d89f2a1d91fdb51e) + +Ummm, wow, this is a 180 from JPow is telling us! + +The statement said that in addition to **“near-term spikes in headline CPI inflation,” driven by “one-off” or “temporary” events, it expects “more persistent consumer price inflation pressure” to build over time “due to rising domestic capacity pressures and growing labor shortages.”** + +**HOLY HELL, they acknowledge the housing bubble!** + +**“The Committee agreed \[with the government\] that the recent rate of growth in house prices remains unsustainable.”** + +Are the acknowledging rate hikes are coming?: “any future increases in mortgage rates will further dampen house price growth,” + +Lastly, “The Committee agreed that a ‘least regrets’ policy now implied that the significant level of monetary support in place since mid-2020 could be reduced sooner, so as to minimize the risk of not meeting its mandate.” + +[Tiny Balance Sheet](https://preview.redd.it/97am1mdt2ab71.png?width=1758&format=png&auto=webp&s=8040d40c770bfcb048113bfc3fcbca253f4997db) + +New Zealand, you may be tiny, but the are the most proactive steps (along with Canada) that we have seen taken to address this issue. Again, all while JPow cranks the money printer! + +[You know I just really wanted to drop it in again.... ](https://i.redd.it/g0xul4803ab71.gif) + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions or areas to explore, happy to try and help! ](https://i.redd.it/0ffnvdp33ab71.gif) +It's been five years since we moved into our first home and our fixed rate of 3.48% is ending. I mentioned this in a passing conversation with our neighbour who replied "I'm a mortgage advisor, I'll do all the paperwork for you. All free of charge with free legals and valuation." + +Don't worry I know nothing is free in life but I thought what the hell, he may provide a better rate than MSE, moneysupermaaaaaaaarket etc. + +Quotes appeared a week later and it's safe to say the offers weren't the cheapest on the market by a long way, had £2000 product fees attached and no portability making them even worse. This immediately made me feel that he was "recommending" a product because they perhaps offered the highest commission. Bit of an awkward situation but I sent them into the long grass with their crap offers, compared rates online and then rang the banks myself. + +Since DIY is very easy, the banks provide their own free mortgage advisors and it works out cheaper, my question is what are the benefits of independent mortgage advisors or is it a redundant profession? + +The only instance I can think of where they can help is for a person unfamiliar with technology. + +EDIT: Thank you all for your responses and the discussions taking place. The common theme seems to be that if you have straight forward circumstances DIY can be cost effective. However brokers are helpful for those with particular circumstances or issues that enable brokers to use their experience/access to get particular rates or mortgages for those who need it. + +Edit 2: As this is my first post on Reddit on either of my accounts I feel compelled to say "long time lurker on this sub" and "wow this really blew up!" +Well boys, as the title suggests I was assigned 200 shares of INTC at $58/share. I had received .75 for each contract so my basis is 57.25. At the current price of \~$52/share, I'm looking at a loss of $1000. + +When I saw INTC tank after-hours I was planning on rolling the contracts but now I don't have that option. + +I've been assigned before, but the stock never tanked so far below my strike. I guess I'll be selling covered calls for several weeks unless INTC gets a quick resurgence. + +&#x200B; + +Wish me luck and stay strong everyone. +I think it's true to say most people fill their time with a combination of work and kids, but most people on this subreddit no longer have the former, and I also have no interest in having the latter. + +My partner and I are late 30s/early 40s and have plenty of padding so really don't need to work again. At the moment we've picked up travelling again now that Covid is allowing, and it's great fun, but I don't think it's an end unto itself. + +It's great travelling now I've got the cash for a fairly 'fat-fire' experience, but it feels a bit like having dessert for every meal. + +The answer to this sort of question is usually charity work, that answer coming from people I suspect have never been seriously involved at a high level in charity work. Without giving away too much of my background, I've had plenty of experience working with large charities (and government) that you've heard of, from the inside, and I've no desire to fill out my retirement by sitting around in middle-class talking shops. + +I tend to take an 'effective altruism' outlook on this sort of thing, and the unfortunate truth is that if I really wanted to make the world a better place, I should just go back to work and donate all the money I earn and no longer need to a scrupulously-checked charity that has a chance in hell of achieving its charitable objectives. But I don't particularly want to go back to work. + +So if it's not filling my time with work, kids or charity stuff, what else is there? + +EDIT: For the love of God, I've said the answer for me isn't charity work. I've given \*some\* of my professional background on why the answer isn't charity work. I'd hoped to vaccinate this from low effort posts saying 'charity work?' which is what these type of posts always receive. +NW: $9.5m (investments: $9m, real estate: $1.6m, mortgage: $1.1m)Age: 42Location: SF Bay AreaAnnual spend: $170k/year (incl health insurance) + +Laid off as a tech director last year because of COVID, took a year off reading books, hiking, etc. Now I have a new opportunity at $2.8m/year. I'm not keen to go back to work, but $1.4m/year (after tax) would add \~15%/year to my NW. Any frameworks on how to think about this? Should I suck it up and take the job for the $? +Did anyone else go full autist and buy in GME.asx during the GameStop hype thinking that the Aussie ticker might get some extra attention for those tendie gains? +Currently 40% down and this is my story +With the recent reinvigorated interest in lithium and the discussions on this sub related to Lake Resources, I thought I'd have a look into it and see if it was worthwhile going in on. + +Best I can tell, the key value proposition of Lake is its use of Lilac Solution's direct extraction technology (based on ion filtration used in water filtration systems for decades now) as it creates a higher purity product (99.97% purity vs EV battery grade of 99.5%) with significantly less damaging environmental impacts. The testing completed as part of the PFS for Kachi indicates this to be true albeit on a small scale. + +My question is two-fold: + +* Does Lake have any sort of exclusivity agreement over this technology licensed from Lilac and its use in lithium extraction and production? +* If there is no exclusivity agreement, how is Lake management confident and ensuring they have have controls to prevent Lilac doing deals with Lake's competitors losing this competitive advantage? + +I went through about 3 years worth of ASX announcements and the likes with Lilac's news announcements but couldn't find any specific information other than "partnership". I'd be interested if any of this community might know. + +Edit: for disclosure, I don’t hold any positions in LKE now or historically. + +^(Mods: marked this as "dumbfuck discussion" as SP below $1 but market cap is $362.41M at time of posting. Happy for it to be changed as accurate.) +I submitted my 2018 returns earlier on TurboTax, happy that I was due a larger refund than I expected. It pulled all my info from 2017 just fine. But an hour after submission, I got the notification that it was rejected due to incorrect previous year AGI. I immediately went to the IRS site to check what my AGI was supposed to be for last year only to find out that I'm an idiot and never finished submitting my return for 2017 as they don't have it in file, only proof of non-filing. I went back into TurboTax and for 2017 it had my status as "Started" I remember putting in all my information and being ready to file last year, but I guess because I owed a small amount of money (maybe $120 due to how my 3 jobs throughout the year had different withholdings and varying pay), I must have intended to wait and pay the fees when I was intending to submit and then entirely forgot about it. + +So what do I do now? I see that I'm likely going to have to pay a penalty on top of what I actually owe. I don't have any money at all to pay it with unless it comes out of my 2018 refund, but I can't see them being processed at the same time so conveniently. What steps do I take to have everything done in the correct order? I have all my complicated 2017 info (3x w-2, student loan forms, healthcare marketplace for half the year, private insurance for the other half, and a ton of other things that made it the most difficult 1040 filing I've ever had to do). TurboTax apparently has the non-submitted, but complete 2017 return on file still but I can't access it unless I pay for Deluxe, and even then I'm wary to pay them unless it means I can just outright file what I've done with them). + +My 2018 won't be accepted without a proper AGI for 2017, which doesn't exist. If I ended up filing my 2017 ASAP, how long until it would maybe accept my 2018 return with that freshly accepted 2017 AGI? + +If TurboTax doesn't work out for this, is there a better site anyone would recommend for doing a previous year's return? + +Edit: Someone suggested I try with an AGI of 0 and that worked well enough to get it accepted. If this progresses fine, I can just submit and pay my 2017 separately now. +State Farm Mutual Returning $2 Billion Dividend to Auto Insurance Customers + +On Average Most Customers Will See a 25% Policy Credit + +https://newsroom.statefarm.com/covid-19/ + + >Customers do not need to take any action to receive this dividend, which will appear as a credit on their auto policy. + +Great news for those of us State Farm customers! +Hi all, + +I think this is fatFirey enough since not taking action will delay FIRE. I’m going to make ~650K this year from my Internet/Software business ran from my home. Which means I’ll dump ~85K into the California black hole. + +I don’t want this to happen again. As I see it, I have two choices: + +1. Physically move to a state with less income tax + +2. Make it appear as if my business operates in a state with no income tax. How would the CA tax board know? I could go so far as to buy a cheap condo in FL, get my drivers license registered in FL, then just stay in CA. How would they ever find out what % of time I’m spending in which state? + +P.S. All this is theoretical. I would never condone tax evasion, so I’m asking this purely as a hypothetical. +Not sure if this belongs here but it is important for everyone to know. When you use smile.amazon, a portion of the proceeds goes to a charity of your choice. It’s a a small amount but with the billions being spent it will definitely make a difference. +Many thanks to / [u/IrtahkEnt](https://www.reddit.com/user/IrtahkEnt/) for mentioning the CFA society youtube channel. It has some outstanding videos. The session by Morgan Housel in the 2019 Investment conference could be one of the most useful videos that you can see as an investor: [https://youtu.be/L9pk3ecuucs?list=TLPQMjQwNjIwMjAfyN96n4Rlsw](https://youtu.be/L9pk3ecuucs?list=TLPQMjQwNjIwMjAfyN96n4Rlsw) + +Some salient points: + +* Investing is one area where some one with little knowledge can do much better than one with superior knowledge +* Behaviour is the most important aspect in investing - he then gives 5 stories to illustrate some key points. Each story ends with lessons. I am intentionally not giving them - please watch the video and learn! + +1. Our attitude to Risk is shaped by our personal experience. We all have biases, and some strong ones, when it comes to investing. +2. Investing can be quite simple; but the simple facts don't get research attention - an excellent analogy about how any microbiology researcher would be motivated to look for cancer cure than cancer prevention +3. Growth and development has its own chaos and destruction - a child keeps doubling brain synapses and then starts reducing it. This happens because much of the initial connections are wrong and have to be destroyed. If you focus on the chaos you may lose the big picture +4. Archibald Hill won a Nobel in medicing for modeling muscle actions. He could study an athlete in a lab and predict his maximum speed. However, these predictions did not work in actual races +5. The flight of Wright brothers was covered by one newspaper and that was out of sympathy for 'hometown boys'. They had more patience than other teams working on 'flying machines' + +A common theme for the stories. We often view Risk as what the world or markets or do to us. Risk is more about what we do to us. + +Note: Morgan presents these stories in many videos. This session was live in India and feels more personal. +&#x200B; + +Originally posted on twitter ([https://twitter.com/abhishec\_s/status/1315319307199340544](https://twitter.com/abhishec_s/status/1315319307199340544)) + +Couldn't find any logical answers in the replies to the tweet, hence asking here. + +Wondering if I should withdraw from my liquid funds and open a savings account with IDFC instead. + +If anyone here has a savings account there, please share if their service is good, and if there are any red flags that I should be watching out for. +Not sure if this is the right forum for this question, but I'm hoping someone here can shed some light or direct me to the right subreddit for this. Since I can't afford to consult a lawyer at this time.... + +&#x200B; + +My company was forced to announce paycuts as a result of COVID19 lockdown. The pay cuts will be valid for one year (until next March 2021) with for a lump sum payment of the cut amount in March 2021. Now the company has offered employees the option to forego a cash payout of the amount and instead take company shares in the form of Stock Appreciation Rights. However, from whatever I'm reading about SARS vs. ESOPS, with SARs you only get the appreciated value of the share at the time of selling (IPO, takeover, funding, etc). + + +So let's say I am due an amount of Rs. 1.5L, I don't think SARs will benefit me. Because for me to make a profit on this, the 1.5L worth of SARs has to appreciate to a value of 3L or more (since I would only get the difference between appreciated value and original value). + +&#x200B; + +Am I understanding this correctly? So if I had to make a choice, should I go for cash payout of 1.5L in March 2021 which I can invest later or SARs worth 1.5L? +This question is routed towards people who like to pick funds on their own. I was reading "The little book of common sense investing" and tried to do a little digging. The NIFTY 50 returns have been as follows: + +* 10 years - 14% +* 5 years - 11.46% +* 3 years - 11.05% + +From a cursory glance (I could be wrong here) only 6 large cap funds seem to have been able to beat it for all these periods. I have only started investing for an year, and would like people who have been in the market for some time to answer some questions: + +* How long have you been investing via mutual funds? +* What has been your average returns over long periods of time? Have your fund picks consistently beaten the markets (for 3Y, 5Y, 10Y periods)? +* What has been your fund picking criteria? If you have looked at consistent past performance, how often did it translate to consistent future performance? +* How often you had to switch funds because of poor performance? How has that degraded the returns because of taxes on realized gains? +* Any other tidbits you might want to add? +Consider the following trades: + +27th July 2021 : BUY 100 Reliance @ 1500 + + +27th July 2022 : BUY 100 Reliance @ 2000 + + +28th July 2022 : SELL 100 Reliance @ 2100 + +Now when I calculate capital gain for FY22-23, my sell value is clearly calculated @ 2100, which is fine, but is the cost of acquisition @ 1500 or @ 2000? Are shares first in first out or last in first out? Also depending on this the definition of short term/long term will also change. + + +Motivation for this question: the automatically generated capital gain statement for my broker shows this sort of a scenario in short term which I find very unintuitive. +I've been learning about investing because, well, I need to. So after doing a good bit of reading, I've finally decided to go in and diversify my 401k, like I know I should have years ago. + +I check my balance, but I've never looked at what fund my money is in because I never lost a ton of money, so all was good in my book. + +I've just realized 100% of my 401k has been in a government money market fund for the past 14 years. I've moved it to a TIAA target date fund that has a total ER of .43% (.17% for the fund and .26% for Nationwide). + +I know that putting the money away in the first place was good, but my husband and I are going on 35 and I feel like I've really missed an opportunity by not learning, and diversifying my retirement account years ago. + +I don't have any questions, I just thought maybe someone else might learn from my mistake. +🦊WHAT DOES THE $FOX SAY?! 🦊 + + +➡️ TOKEN CONTRACT ADDRESS: 0xfad8e46123d7b4e77496491769c167ff894d2acb + + +➡️ BUY HERE: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb + + +FOX FINANCE ($FOX) sends rewards to Holders and Liquidity Providers instantly with every transaction 🦊 + + +**CHART/PRICE:** https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb + + +**SITE:** https://foxfinance.io + + +**TWITTER:** https://twitter.com/foxfinancebsc/ + + +**ROADMAP:** https://twitter.com/foxfinancebsc/status/1372130754680004612?s=21 + +**PROOF OF LOCKED LIQUIDITY:** https://bscscan.com/tx/0xe3c457cc5923e179bdd9d229973e371de77a528687620a4e71df2e67e72f9476 + + +**FAQ:** + + +Q - I'm trying to buy but it keeps failing? + + +* Increase slippage in the settings menu (may need 15-20%). + + +* Use an even, round number of Fox Finance tokens. Don't buy 5,235,754; buy 5,000,000. +Spent my 20s relatively broke. I backpacked a lot and became a master at stretching my money to last as long as possible. And I had a few mental health issues that made it difficult to work full-time so I was always living frugal. + +Fast forward to 30s I've made & saved good money. Exceeded my own savings goals, but can't seem to spoil myself or spend unnecessarily, even when (safely) holidaying... + +How to break free from this mindset and enjoy my money more? +Has anyone noticed a decline in nearly all food type businesses? Whether it be coles/wooles 1/4, 1/2 etc roast chickens looking like shrivelled up prunes, KFC's wicked wings looking closer and closer to popcorn chicken by the day, or restaurants reducing portion size or ingredients used. + +I realised this post lockdown (melbourne) but still during covid, where we all had to produce vaccine passes, wear masks, and sit as socially distanced tables, my partner and i visited our favourite restaurants due to being starved of the experience. It seemed like cheaper ingredients were substituted in, or the sushi roll that was once 6 pieces was now 4, etc. It made sense due to it being hospitality and being immensely impacted due to covid. + +Now it just seems across the board though, any food business is cutting corners, take away containers that used to be bursting are now 3/4 full, menu items are the same price but substitute cheaper ingredients in, it seems food business is scraping the barrel to provide pre-pandemic product at price levels matching inflation. + +What's everyones experience lately as I don't know if going mad or this is an early sign of economic times to follow. +Snowge General + +https://t.me/snowgecoin + +TLDR: 1700 holders, SafeMoon fork, Contract ownership transferred to burn, LP transferred to burn(rather than into dev wallets like practically every other SafeMoon fork, randomized transaction fee of: 2%, 4%, 6%, 8% + +Longer TLDR: https://twitter.com/SnowgeCoin/status/1373924693858779141?s=20 + +Audit 3/25/21: https://snowge.s3.amazonaws.com/Snowge+Coin(1).pdf +https://twitter.com/SnowgeCoin/status/1375146844540526595 + +Chart: https://poocoin.app/tokens/0x5e9280d53f28281ce098c8f64e49f5f5dc9ea185 + +Site: https://snowge.xyz + +bscscan: https://bscscan.com/token/0x5E9280d53F28281Ce098C8F64e49F5f5DC9Ea185 + +Buy: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5E9280d53F28281Ce098C8F64e49F5f5DC9Ea185 + +Why should I buy this and not the random Safe____ fork that just came out? +-Decent chance its just a straight up rug. +-Decent chance its going to rug after they pull the LP that SafeMoon forks all get in their wallets. +-The Safe___ fad is going to die soon after enough people get rugged, and they’ll look elsewhere +-Extremely active dev/marketing/mod team +-Tons of premade memes ready to go +-Survived the initial pump/dump +-It is only 4 days in, and with this recent dip the price is right +-Devs don’t own the major wallets +-Presale was max/min buy of 0.1 BNB, with a hardcap of 50 BNB(no presale whales) +-Charitable cause +-Active development + +For people that want to see deeper: https://pastebin.com/KJMYXEnb +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>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! + +# 🏴‍☠️ [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! + +# 🙋 ​[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 your 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Theoretically, if you were guessing you should have a 50/50 chance of being right. So why is it that you see so many more losses than wins? My guess would be psychology. When I was beginning and my trade went into profit I was so anxious to get out before it turned the other way. That way less money is made with a single trade. On the other hand, when it goes into red, you hold on hoping that it turns around, and losses grow bigger. That's my take on it. + +And I know; risk management, stop losses blablabla... But when you're a beginner, it's hard to beat that fear. +I recently started shopping around for car insurance. Got 4 different quotes for full coverage car insurance and all of them were over $200/month. + +I work remote so I only drive maybe 1 or 2 days a week a maximum of 30 miles per week. I’ve been driving for 10 years now and have never filed a claim with any insurance company and haven’t gotten so much as a speeding ticket. + +I’m just really having a hard time wrapping my head around that number. It seems outrageously expensive. Is there something that I can do? Is this normal? +Title says it all. Essentially just a rant. Just blows my mind to that people will lose their collective shit (pun intended) over cleaning supplies but not watching the middle class die in real time or the lower class get priced out of existence. +They are still trading at a very high PE ratio. Azure seems to be catching up to AWS pretty quick. If you’re in tech you will know that experienced devs don’t want to work for Amazon. I know it’s a great company but I can’t see it growing the same pace. Help me change my mind, looking to diversify my investments anyway. +**First of all let me be clear that I am absolutely sure that actual %SI is multiple times the float but I also do believe that this 113.48% float short reported on FinViz is a stupid but simple bug.** + +There is a lot of buzz around this value of 113.48% from FinViz and 71,196,206 short position from Thomson ONE and while in general I'm as hyped as everyone I also like to be down-to-earth and crosscheck facts. + +So before I got fucking downvoted into oblivion for killing the hype let me say a disclaimer that I always prefer to be well-informed than just hyped over nothing and I'm not going to change my mind. So there are two things flying around here today. One is the screenshot from Thomson ONE platform: + +[Note 71,196,206 short position reported both for 11\/15\/21 and 12\/31\/20](https://preview.redd.it/fpqqu1isgl281.png?width=1000&format=png&auto=webp&s=0a068ea0ea60b8b2192f3d9808123c09ad42937f) + +another one is FinViz reporting 113.48% float short: + +https://preview.redd.it/eqqa2m2qhl281.png?width=1426&format=png&auto=webp&s=59cef619ea3bf63f9d95fc006087d44668f7b9f1 + +So first of all let's take these 2 numbers and compare them. Also note that FinViz is presenting the shares in float as **62.74M** + +# 71,196,206 / 62,740,000 = 1,1348 + +Which means that the presented value of 113.48% comes exactly from dividing this number of aggregated short position by the number of free float that FinViz is using. + +That most probably means that both Thomson ONE and FinViz are using the same source (likely Refinitiv which delivers Thomson ONE). + +As far as I know there isn't any other source for official short position other than Finra, and Thomson ONE (first screen) likely is also presenting data from Finra. Compare the numbers from the Thomson ONE screen with the historical values from Finra presented in various sources. The screen below comes from [https://www.marketbeat.com/stocks/NYSE/GME/short-interest/](https://www.marketbeat.com/stocks/NYSE/GME/short-interest/) (I wanted to use [https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme) but they unfortunately don't reach to 2020 where the duplicated value from 12/31/2020 is). + +[https:\/\/www.marketbeat.com\/stocks\/NYSE\/GME\/short-interest\/](https://preview.redd.it/rz1kugg1kl281.png?width=1215&format=png&auto=webp&s=8a0c67bde48737c54cec6243425852a2d15984ca) + +Except that its rounded to tens of thousands shares here (it's not in Fintel though, check it), these are exactly the same number for every report date **EXCEPT 11/15/2021.** Sure, that could mean that the value of 71,196,206 shares presented in Thomson ONE and used by FinViz is some sort of leak but it's highly unlikely **given that this exact same value was reported for 12/31/2020**. Which drives me to the conclusion that most likely **Refinitiv messed up the value from 11/15/2021 and instead of presenting the official amount of shares of 6,775,394 short it presented the value for 12/31/2020.** + +# What now? + +Nothing! Nothing changes in the DD, it's been known for a fact that %SI can be hidden in multiple ways. But as for what we're getting hyped over now is most likely nothing more than a stupid bug that will be fixed at latest on December 9th when the refreshed official agg. short position will be again published by Finra. + +[Dates of settlement, due date and publication dates from Finra. Next official update is Dec 9th.](https://preview.redd.it/uf8dt0snrl281.png?width=894&format=png&auto=webp&s=8b69102b7d3cc6811b7eed9bcc7cd9f0bd7c6b35) + +&#x200B; + +# TL;DR + +**113.48% float short on FinViz and 71,196,206 short position from Thomson ONE come from the same source (most likely Refinitiv) that messed up the value for 11/15/2021 and instead of the official number for that day used the value for 12/31/2020.** + +Which doesn't change any single fucking thing, but also don't put crazy hopes in it. Keep yourself educated and informed, keep buying, hodling and **DRS your god-damn shares if you haven't already!** + +Believe me that I hate writing fucking counter-DDs but I hate misinformation more. + +&#x200B; + +# Edit #1: One of possible explanations + +u/nov81 commented: + +>Yeap, my first impression when I saw this: +> +>It's a fallback in the code. If data is not available or corrupted, show the default which is the first value of the year. + +and that explanation seems appealing to me because there is indeed something special about the date of 11/15/2021: [https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) + +There is a note that + +>***2. There are two trade dates that settle on November 15, 2021.  Firms that file their short interest positions via an ASCII text file should use the trade date of November 10, 2021 when populating Record Type 2, Field 6 of the file.***   + +Which doesn't tell me much except that out of any dates here 11/15/2021 might have been a date that came with some corrupted data that some systems (eg. Refinitiv maybe) didn't handle well. + +&#x200B; +It is inevitable that earnings tomorrow will be above expectations. + +There is also a possibility that something exciting will be announced. + +Today there was a behemoth size liquidation of crypto currencies. + +There was also (rightfully) a massive amount of tit jacking. Unfortunately, I no longer have sensory function in my tits from being perma-jacked since January. However, I can still visualize them. They are jacked as fuck thanks to all the content here keeping them inflated. + +But let’s be realistic. They are ready to tank the price, or keep it trading sideways. And they most likely will. + +One day they will run out of money. One day this thing will take off. + +It costs nothing to hold. + +Thankseveryoke for making this waiting game fun. +I've been trying to decide whether it's time to stop renting and buy a house. However having difficulty in evaluating whether it's worth it given my relatively low rent and the return on my investments. + +I'm 28 and paying £650 a month on rent, sharing a flat with a friend in London. I have managed to save £160k, mostly in a vanguard index fund. + +Here's my dilemma, assuming a 7% return, my investments generate £900 per month, so more than cover the rent. The rent is also a small proportion of my salary so it doesn't feel like I'm "throwing lots of money down the drain". + +If I were to buy a flat, £300-400k, I'd throw my savings at it and thus have a mortgage in the range £140-240k. The repayments on this would be between £600 and £1000 pcm. This also doesn't include maintenance costs, buying fees, stamp duty etc. + +It doesn't feel like a great trade at this point: spend all my savings and still be paying more per month for the roof over my head! + +Traditional wisdom suggests it's good to stop renting and buy, but running the numbers I find it hard to believe! + +Any experience or insights on this would be much appreciated! + +Thanks in advance :) +We've never really had much of a spending problem. In fact, we're often spending averse. We might eat out once or twice a month. The last two movies we've seen in theaters were The Force Awakens and Rogue One. When we need clothes we hit up Goodwill half-off Saturdays. We only travel twice a year to visit family. We generally just find free things to do for fun like going to parks or heading out for a run, bike ride, or hike. We hang out at friend's houses for game nights, and use things like our zoo and museum memberships when we want to get out of the house. The only area where we really need to watch ourselves is on groceries. We use Mint and Personal Capital to track finances so we know where the money is going. Around here it seems like if you don't have a budget you're crazy. I know they can be very valuable for most people but is there anybody else like us? Or are we crazy? +Just everybody shut the fuck up and HOLD. You don't need to care about the NFT, Loopring, whiskey, Dividends, Options, shills, twitter, other stocks, Elon, China, inflation and all other bullshit. + +Remember the OG DD and don't get too stimulated. If you get too emotional or hyped up, you will end up with disappointment or anger. + +Just unplug yourself for a week and go back to Zen Mode. +[A tweet making the rounds of an email received by a Peloton user](https://mashable.com/article/peloton-treadmill-monthly-subscription-required-just-run/) is showing that Peloton is no longer going to allow use of it's "Just Run" feature on it's Tread units without a subscription. + +This is absolutely TERRIBLE for Peloton. Effectively, they will be bricking treadmills if you don't subscribe. Some places, like Australia, have consumer laws regarding this. Effectively, the device no longer matches the provided description so you are entitled to a refund for up to 3 years after purchase. + +Little news circulating about this at the moment. +I have been tasked with organising a dinner for my department at work and the budget is ok but not enormous, around $50 per head. All the restaurants I've enquired with have said any booking over 10 people / 15 people, etc they require you to have to have the **set menu** option. + +1. We are workmates, not family. I don't want to share a plate with some bloke from work. +2. The cost per head of the set menu is always significantly higher than a la carte. Honestly we don't mind if food comes out at different times and we even would be fine pre-ordering so the kitchen has time to prep. +3. It often is too much food and it goes to waste. I'd rather people just order what they want within budget. Some people want heavier meals than others. + +Is it just me or is this now a really common thing? + +I think we'll just go to the pub... +How are you guys trading the fed meeting? Should it be traded like a earnings play, profiting off iv crush? Butterflies? Iron condors? Chicken iron condors? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +So i'm 19 and want to take investing in my future seriously. i have £3400 i can invest, which will go up to £4000 in January, then i have a fall back off £1000 if something goes wrong. I'm also looking to put in £100 a month. + +My plan is to have 80-90% of my portfolio in 1 or 2 ETF's that over 5-10 years will net me a nice and steady growth. Then i want 10-20% to play with in individual stocks. + +In terms of ETF's, i was looking at putting my bulk in the s&p 500 since it seems the most logical. Relatively low risk with a decent average return. + +So my questions: is my plan solid? Are there any other ETF's i should consider, or just dump it all in the s&p 500? + +Thanks for any feedback, hope you all had a great Christmas and will have a happy new year +Extract from Freetrades most recent (2020) financial statement which I'm referring to: https://imgur.com/a/ORPP0Xi + +Was looking into a new ISA provider going into the new ISA year and Freetrade was quite high up on the list due to their low monthly fixed fee (would be looking to invest a fair amount where % amount would greatly outweigh fixed fee), nice interface and the site having the ETFs I would purchase. + +Treat my ISA as a set and forget and wouldn't touch it for 15/20+ years is the plan but was concerned when I read the companies financial statement especially the going concern, if my understanding is correct, going concern is the accounting policy which outlines if a company is able to trade going forward and more so specifically for the next financial year. + +The company did raise £8.2m in 2021 in their latest round of Crowdfunding but am i being paranoid? The extract from PWC doesn't mince its words, Freetrade is FCA regulated so funds upto £85k would be protected but this has put me off Freetrade a little. +What's the general view here on the above fund? Generally it was positive on this forum (back in Dec when it launched), but more recently it's took a turn down. I expected it to be volatile and now wondering whether to buy more. I already have a decent stake in it (down 11%). + +Would appreciate any thoughts here. +I'm not sure if this post is allowed on here so apologies in advance, but Oxford Nanopore have announced an IPO [as reported in FT.](https://on.ft.com/3yUyoAH) They have been developing some very exciting sequencing technology and I've enjoyed watching it develop over the last 6 or 7 years. They expect to raise $4bn, it will be interesting to see how many shares they release. Until we know details of share price, etc, a strong investment case can't be made but I'll certainly be buying at least a few shares because I love the technology and see its future. + +One really interesting point is that they'll have 'anti-takeover shares' to prevent a foreign buy out. Following text pasted from [here](https://on.ft.com/3hw9GjG) + +<This week, the company filed for shareholder approval to give its chief executive, Gordon Sanghera, “limited anti-takeover shares” so that he can veto a hostile takeover. These shares expire after three years, and do not confer any other voting rights. + +Sanghera said he was determined to avoid the fate of other high-flying British life sciences companies which had been bought by foreign rivals. + + +Gordon Sanghera: ‘what we set out to do at the outset is to build a global tech company’ © Andrew Fox/FT +Discussing British innovation, Sanghera told the FT: “Medisense was an Oxford spinout that was sold to Abbott in 1996 for $876m and Solexa was sold to Illumina ten years later for $600m. The Solexa deal enabled Illumina, now worth $70bn, to become the world’s dominant sequencing company. + +“Myself and our CTO Clive Brown [a former Solexa employee] don’t see these as great successes. We saw this as a sad ending of what could be a globally dominant tech, and no revenues really have come back to this country,” said Sanghera. + +Sanghera said Oxford Nanopore chose to list in London because it sees itself as a British success story. + +“What we set out to do at the outset is to build a global tech company that goes all the way from academic inception through to early commercialisation, which this country has a great track record of, but then usually companies like that get acquired,” he said.> + +Edit: missing link for second article +It’s one of the most important questions when investing in shares: How much are they worth? Overpaying for shares is a key risk for long-term investors. What you pay can play a big part in what you get back in investment returns. Pay too much and you can end up with a very poor investment. Buying a share for less than it is worth can deliver handsome gains. Valuing shares is far from an exact science, but armed with some knowledge it is possible to make better and more profitable investment decisions. + +I see a lot of things to do with investment as essentially being about the relationship between what is put in – investment or money – and what comes back as a result of it – profits. Value is no different. For me, you are looking to work out what something is worth relative to what you pay for it. So how do you work out the value of a share? + +**Valuation basics** + +Ask an investment professional to explain to you the value of a share and they are likely to say something along the lines of that it’s the value of all its future profits or cash flows discounted back to a value of money today. + +What on earth does this mean in reality? The best way to explain this is to use an example of how most bonds are valued. Bonds are IOUs where the investor hands over money – usually in batches of £100 – to the borrower who in most cases (but not in a world of negative interest rates) promises to pay interest for a period of time – usually several years and then pay back the initial £100 borrowed. + +Let’s say the government wants to borrow money for 10 years at an interest rate of 5 per cent. The cash flows for each £100 bond over the life of the bond are shown in the table. + +Over 10 years, the investor receives back £150 – £50 in interest and £100 return of their money – for £100 invested. The value of the bond when it is issued has to take into account the fact that the investor has to wait to receive their £5 of annual interest and get their £100 back. This is all to do with something called the time value of money. + +If someone offers you the option of having £5 today or £5 in a year’s time you should choose £5 today for two main reasons. Firstly, inflation will reduce the buying power of the £5. Secondly, it is possible to invest that £5 so that it is worth more in a year’s time.  + +At an interest rate of 5 per cent, £5 would turn into £5.25 in one year’s time. This is the future value of £5 today. Alternatively you can say that £5 is the present value of £5.25 in one year’s time. + +When valuing the bond, investors are discounting the future £5 interest payments and £100 return of principal to a present value – a value today – to reflect the time value of money and the fact that they are worth less today the longer they have to wait for it and the higher interest rates are. + +Present values are calculated using discount factors. These are numbers that are applied to a future value to give a present value at a chosen interest rate. To calculate a discount rate you use the following formula: + +1/(1+r)n where r is the rate of interest expressed as a decimal and n is the number of years you have to wait for your money. + +So a discount factor for a cash flow received in one year’s time at an interest rate of 5 per cent is: + +1/(1.05)1 = 0.9524.  + +Applying this to £5 of interest gives a present value of £4.76. The discount factor for 5 per cent in nine years is 0.6446. The present value of £5 in nine years' time is £3.22. Again, just reinforcing what this means, if you had £3.22 today and invested it at 5 per cent for nine years you would have £5 in nine years' time. + +If we add up all the present values of the future interest payments and the return of the initial £100 then we get a value for the bond of £100. + +This is how many financial assets are valued. The approach is most suited to valuing bonds because the cash flows and the timing of them are known with absolute certainty in advance. The main reason for bond values changing is if interest rates change and with them the present value of future cash flows. + +If interest rates fall, the present value of future cash flows goes up. This is because less is being given up today to get a given sum of money in the future. Higher interest rates reduce present values.  + +We can see what happens to the value of the same bond paying 5 per cent interest over 10 years at different interest rates. At 3 per cent, the sum of the discounted cash flows goes up to £117.06. At 10 per cent it falls to £69.28. + +This shows you why interest rates matter so much when it comes to the valuation of financial assets and why so many people spend so much time trying to work out what direction they are heading. It explains a great deal as to why falling and low interest rates since 2009 have fuelled a bull market in bond and share valuations across many parts of the world. + +**Using discounted cash flow valuations (DCFs) to value shares** + +Many professional investors use the same DCF approach used to value bonds to try to value shares. The two main differences are that with shares, the future cash flows or dividends are unknown and also tend to last a lot longer than 10 years. + +The other thing to bear in mind is that the interest rate used to calculate the discount factor to value shares is different. As shares tend to be riskier than bonds, investors usually demand a higher, additional interest rate to compensate them for taking on the risk – known as an equity risk premium.  + +What this interest rate should be is one of the most debated topics in academic finance and I am not going to get into it here. A rough rule of thumb is that a rate of around 8 per cent is typically used by many professional investors to value the equity of a business. + +Many analysts build very detailed spreadsheet models to forecast the future profits, free cash flows and dividends that are then used to try to value shares. The big issue with this approach is what happens after the model runs out. Analysts cannot forecast forever, but companies do tend to survive longer than the five and 10 years they forecast. They get around this by applying what is known as a terminal value – an estimate of what the value of the business might be after the explicit forecast period. + +Here, I’ve done a DCF valuation of **Fevertree Drinks** (FEVR). I've used earnings per share (EPS) as a proxy for free cash flow share and taken analysts’ consensus forecasts for the next two years. I’ve then assumed that EPS continues growing at the same rate of 12 per cent for the next eight years. + +At the end of year 10, I have applied a terminal value that assumes Fevertree grows its EPS at 3 per cent forever. This gives a value of 3,456p a share in 10 years' time and is calculated using the following formula: + +Terminal value = Cash flow/(r-g) where r is the discount rate and g is the long-term rate of growth. + +172.8.(0.08-0.05) = 3456p. + +Terminal values can be calculated in many different ways. If you wanted to keep things simple you could apply a multiple – a number – to the cash flow or earnings figure in year 10. In this case, applying a multiple of 20 would have given the same terminal value. + +Based on the set of assumptions I have used and an 8 per cent discount rate, I am getting a valuation for Fevertree of 2,284p a share, which compares with a share price of 2,204p at the time of writing. + +The key thing to be aware of when using DCF valuation approaches is that they are based on estimates of what will happen in the future, which will almost certainly be wrong. The credibility of your valuation is only as good as the assumptions behind it. + +That said, your assumptions in many respects do not matter. For me, the real value to investors in using this form of valuation is not really in trying to work out what a share is exactly worth, but rather the expectations that are baked into the current share price. Your job is to go and do some research on the company and work out if the expectations for future profits are too high or too low. Ideally, you want to be looking for shares where the expectations are too low, which would indicate that the shares could be undervalued. + +**Using multiples and yields to value shares** + +For years, investors have used multiples of profits, cash flows and assets as a way to weigh up the value of a share. By far the most commonly used multiple is the price/earnings (PE) ratio. + +Others are based on enterprise valuations (the market capitalisation of the company plus its debts) compared with operating profits (often referred to as earnings before interest and tax, or Ebit) or earnings before interest, tax, depreciation and amortisation (Ebitda). I prefer to use enterprise valuation multiples as they are not distorted by a company’s debt levels and allow for fairer comparisons between companies. + +In very simple terms, the ratio tells you how many years' earnings are in the current share price. The higher the PE multiple, the more highly valued the shares. The PE, like all multiple valuations, is essentially a shortcut of a DCF. The higher the multiple, the higher the expected rate of future growth. Again, ask yourself whether those expectations are achievable, can be beaten or are too high. + +I’ve always found yields – profits, cash flows or dividends expressed as a percentage of the share price – to be a more informative and useful way of appraising the value of a share. Yields or interest rates can be compared with other investments such as savings accounts on bonds. + +The big advantage offered by owning shares is that the yields can grow as profits grow. One of my favourite and simplest measures of value and investment return is the yield on cost and the impact that growth has on it. At the moment, Fevertree's earnings yield on cost is just 2.8 per cent. If it can grow its earnings by 12 per cent for the next 10 years, then its yield on cost will have increased to 7.8 per cent at the end of it based on the current 2,204p share price. + +Anyone buying Fevertree shares at flotation in 2014 at 170p will be very happy if they are looking at their earnings yield on cost. It will be 36.6 per cent in 2020 if forecasts are met and over 100 per cent in 10 years' time if it keeps on growing profits at a rate of 12 per cent a year. + +The very powerful point to get across here is that the price you pay for a share, along with the growth in future profits, determines what you get back from it. At the right price and with strong growth you can make fabulous returns on your investment. At too high a price and with disappointing future growth the end result is likely to be not as good. + +&#x200B; + + + +Pick the right business that is capable of consistently growing its profits and dividends at the right price and the yield on cost can grow to very impressive levels. Warren Buffett’s Berkshire Hathaway owned 400m shares in **Coca-Cola** (NYSE:KO) at the end of 2018. The company started buying the shares in 1988 and it has an average cost per share of $3.25. Coca-Cola paid an annual dividend per share of $1.56 in 2018, giving Berkshire a staggering dividend yield on cost of 48 per cent. This number neatly shows the power of long-term investing from long periods of earnings growth. The shares that cost Berkshire $3.25 now have a price of more than $53. + +**Asset values** + +Some types of businesses, such as banks and insurance, property and asset intensive companies such as pubs, are often valued on the basis of their assets as much as their profits. + +Deep value investors often become interested in a company when its shares trade at a significant discount to its net asset value (NAV) or the value of its shareholders; equity (the same thing). + +You need to be careful with this approach as a business often trades for less than its NAV because it is going through a period of difficulty. If things get better then buying the shares at a discount can pay off, but often things can go from bad to worse. + +Calculating NAV per share is very easy to do. You take the value for NAV or shareholders’ equity from the latest company balance sheet and divide it by the number of shares in issue, which you will tend to find in the notes to the accounts. Some investors like to focus on only the tangible net assets. To get this figure just take the balance sheet amounts for goodwill and other intangible assets away from the NAV figure + +Pub company **Marston's** (MARS) – it reports its full-year results this week – is a company I identified a few weeks ago as trading below its NAV. Its last balance sheet in March 2019 gave a NAV per share of 136.1p, according to SharePad. The current share price at the time of writing is 125p. + +Marston's is a cheap share, but is it cheap for a reason? Unless assets have a viable alternative use – in Marston’s case pubs can be converted to properties in some cases – the assets are only worth as much as they can earn. + +A quick sanity check on whether a company’s assets are worth their balance sheet values is to look at the profits they are making. The best way to do this is to calculate return on capital employed (ROCE) or return on equity (ROE) – see my detailed study of Marston’s accounts in September and October this year for how to do this. A ROCE (a pre-tax figure) of 10 per cent and a ROE of 8 per cent (post-tax) is a rough ballpark figure for beginning to think that a company’s balance sheet figures are realistic. + +Marston's ROCE for 2018 was just over 6 per cent, which is a relatively poor result and suggests that its assets could be overvalued. Its trailing 12-month EPS to March 2019 was 13.7p, which equates to a ROE of just over 10 per cent on the NAV per share of 136.1p. + +This ROE might suggest that the assets are fairly valued. However, caution is needed here because ROE can be juiced up if a company has lots of debt, which Marston's does. For this reason, I always prefer to look at ROCE, which is not distorted by debt when weighing up asset values. + +**Sum of the parts (SOTP) or break-up values** + +Many professional investors use a SOTP approach when a company has several different businesses. The reasoning here is that a business might be worth more if its businesses were sold off separately rather than staying together. + +Marston's is a good business to do a SOTP valuation on. It has three distinct businesses that can be valued separately. You can get most of the information needed to do a SOTP from the segmental analysis of a business found in the notes to its annual accounts and the balance sheet. + +My SOTP valuation estimate of Marston's is based on EV multiples of its trailing 12-months (TTM) operating profits to March 2019, which are not expected to be much different from its 2019 results, which will be reported this week. The multiples are based on those of similar quoted businesses or prices paid in recent acquisitions, which you can easily find by doing a bit of digging online. + + + +This suggests that Marston’s shares are probably fairly valued at their current share price of 125p. + +**Don’t become obsessed by valuation** + +One of the most important lessons I have learned as an investor is not to let high valuations put you off a share. A good business with an ability to grow over the long haul can deliver excellent results for patient investors. Don’t be too mean and stay away from businesses that could give you a very good return on your investment – a high yield on cost – if you have the temperament to own them for years. + +Paying way over the odds is often a mistake, but paying a reasonably high valuation for high-quality businesses usually pays off if you give them enough time. The quality of the business and its ability to grow should always take precedence over its current valuation, but few shares are a buy at any price. +This is a $3.4 Billion NPV0 Mine, 250 year resource, fully financed, significantly de-risked and the board see fit to recommend a takeover valuing it at $267 Million. + +We have a WhatsApp and Telegram group, and over 50 of us have emailed all key stakeholders. + +If you can help, or you hold shares, please get in touch! + +It's a long shot, but we will fight this to the end. +What's going on guys? A little about myself here, I'm 25 years old from the Boston area, currently in the Marine Corps, and have roughly about 15 months left of service. Once I get honorably discharged, I was thinking of either using my VA home loan or an FHA loan to purchase a multi-family home in Massachusetts or Rhode Island (currently leaning towards FHA so I can use my VA for another property). I am really starting to take an interest in real estate investing so I was hoping to buy a triplex and rent out 2 units and live in the last one to create some solid cash flow. Eventually I would like to buy another rental property and move into that one while completely renting out my older property and keep this cycle going. I also attend to use my military benefits to the fullest and attend BU tuition-free and with BAH which generates 3k every month in my pocket while in school. While in school I plan to become a real estate agent as well and work another side job if possible. I am here to ask for any advice and to see if there is anyone in the same shoes as me, being a future first-time rental property owner.  + +Lastly I noticed a lot of multi-family listings in the North Shore, Boston, and Worcester area have been priced for 100k-150k more for what they were bought in the last 2 years with little to no renovation! Does anyone have any insight on that? Maybe due to this COVID situation? + +I appreciate any advice and guidance that you guys will leave in the comments. + +Thanks in advance +I’ve come across situations, where the market presented a good buying opportunity, but all my money was already invested. So, going forward I’m thinking I’ll hold some money to buy when there is a market dip. Is this a good idea or bad? +If it is a sensible idea, what are some good places to park this money and still get some returns? +Hi all, + +I recently started using the tracktak website, [https://tracktak.com/](https://tracktak.com/) , that allows for quick and easy DCF analysis. However when I tried accessing it today I was unable to, is the site down for anyone else? + +Just wanted to make sure it wasn't an issue on my end! + +Thank you in advance! +Coinbase has posted a blowout quarter a few days ago, with $1.6B net income. This would put them on par with companies 3X their market cap. They've experienced dramatic growth in the last year, especially from institutional investors, but their income is still primarily coming from retail investors. + + +There is obviously skepticism in the market about their ability to sustain this profit level, which leads to a depressed stock price. The risk is another pop of the crypto bubble, which could compress their income and valuation. However, there is also a good chance that Crypto will remain as it is today or further grows, which could lead to sustained or growing profits. There is also some reassurance for the short term in Crypto prices inflating in the last few weeks, which would be a good tail winds for a strong Q3, which would further establish them as a consistent performer. + +The way I see it - if Crypto market collapses, the stock could go down up to 2-3X, as they were profitable even before the pandemic, and there is a large set of believers that will continue back it up. But if it maintains its level or continue growing, there is an upside of 3-10X, depending on what happens in the crypto market. + +Thoughts? + +Edit: If you disagree, it'd be good to share your thoughts instead of downvoting. +Like I get that they might report a greater depreciation amount on the income tax return than financial statements, but doesn't that defeat the point of a supposedly concise and straightforward way of telling the story of a firm. Can't they just report what they put on their income tax report on their financials? And then they might have less cash than reported because it had to leave their firm to go to the government, so you might need to net out deferred tax liabilities. + +I also know you can use previous losses to offset gains now which causes differed tax assets and stuff. + +It just sometimes seems useless and confusing. Why does it exist? +I wasted my teen years and most of my 20,s being an idiot addicted to drugs and in and out of jail. The remorse is horrible. The last few years I’ve changed my life drastically. I’ve come to love investing and finance/economics. The problem is I’m 30 and I’m stuck in construction. What do I do? If I go to college I won’t have a degree till I’m nearing my late 30’s maybe even 40. Or should I just keep swinging a hammer and putting money into the markets responsibly? +What stocks do you believe are undervalued have management teams that are excellent operators and capital allocators? Some examples I can think of include GOOG, BRK, AZO, CSU, AMZN, SHW, and AMD +HI all, + +&#x200B; + +I am looking for an alternate intrinsic value valuation model to the DCF. I am looking for a model that takes current earnings as a starting point without discounting the future cashflows. + +have been looking a lot into the EPV (earnings power value) model, but can't seem to find much information about it. Open to suggestions :) +This question is pertinent to a company that constantly uses stock option or dilutes its stock by issuing more stocks + +The stock outstanding is increasing how does that impact the intrinsic value + +Isn't that a moving target +Currently I hold an Emerging Markets Value ETF. + +I have been thinking about what happening when a company in the ETF becomes a "growth" and no longer Value. The ETF would deslist it even though it is still growing. It would miss the gain of its momentum. Am I right? + +Because if this is what happend it would be better (although risker) to invest in individual companies regarding Value and keep it after it stops being a value company but still growing. + +On the other hand, an ETF that only list Emeging Market indexes would have in it both growth and Value companies. It would not deslist a company that is growing after it is no longer a Value company. Right? + +I have read that in the long run Value always beat the growth stocks but if invested in both I can capitalise in both Value and Growth. So why restrict to only one or to the other? +Theoretically, can an investor outperform an efficient market by concentrating their portfolios on stocks which increase their intrinsic values at a greater rate, compared to all business in that efficient market? + + + +Edit: I think my question can be better explained by an example: + +Lets for an instance assume that each and every stock is efficiently priced (Market price = Intrinsic Value). +I select a portfolio of only 4 stocks (with equal weightage). All of them grow their intrinsic values by 30% every year for 5 years (this can be due to expanding existing product lines, adding new ones or doing value adding acquisitions) +While all the businesses in the market, on average, grow their intrinsic values by 15% every year. + +Would this not mean that despite market being efficient, buying and concentrating on better businesses, I can outperform the market? + +I am not looking to debate on whether market is efficient or not , the debate is whether I can beat a perfectly efficient market (completely hypothetical) with the above mentioned example. +I am part of a retirement group at my mega church. We talk about money and investments in retirement. + +The leaders of the group has got everyone convinced that the best approach is to wait until they are 70 to collect Social Security. This may the best approach if you don't plan to retire from work until age 70. Or you are wealthy rich with a pension and lots of assets that allow you to pull less than 5&#37; of your retirement portfolio out each year and still pay for your lifestyle while you wait for SS to kick in at age 70. + +The mistake many of the group is making is they are pulling out 8\-10&#37; of their assets out each year to pay for expenses in retirement while they wait for their Social Security checks to come in from age 70 on. Their argument is once they turn 70, they will get mega huge SS checks and can cut their annual withdrawals to 3\-4&#37; of assets. + +My argument to them is it is dangerous to pull so much money out of their retirement assets \(8\-10&#37; a year\) for up to ten years while they wait for SS at age 70. \(While retired and not working for money.\) Sure, their SS will be larger at age 70, but they may spend down most of their assets with such large withdrawals in a long bear market. For example, if you retired at 60 in 2000 and withdrew 8&#37; for 10 years from 2000\-2010, half of your money would be gone by the time SS kicked in at age 70 in 2010. + +What are your thoughts about larger than normal annual retirement fund distributions in retirement so you can wait until you are 70 to collect Social Security? +I have just been promoted and my salary went from £50,000 to £50,750 a year (1.5% increase). Is this normal or is my employer taking the piss? + +I completely understand that promotions do not necessarily mean a raise but surely you would expect something more than just a title change? To be fair, my responsabilities will stay the same but my role level will go up (something like from Senior to Expert). + +Or maybe I am being ungrateful as I'm getting paid more even though I will not get extra responsibilities? Also, I joined the company in the first quarter of 2019 and have not had any salary increases or adjustments so I'm basically earning less if you factor in the inflation from the last couple of years. + +What do you guys think? +As the title says, ended up in a car accident over the weekend. 3 involved, 2 of us emergency stopped and the 3rd didn’t get the memo. Damage to front and back, the car is written off. Driver at the rear has admitted fault, so it’s all going on his insurance. + +Was a BMW 116d, would cost 11.5k for me to get a like for like. Bought it just before the pandemic for 10k before the used car market went mad, been offered 8.5k in the settlement. Of course I’m negotiating, but is there anything special I should be doing here? 25% less than the like-for-like value is insane. +Hello apes, Smoothbrain 1337 here, and I feel like we may be overlooking a very obvious hint. + +On Sunday, Aug 15th, if you were subscribed to the game stop newsletter where they showcase upcoming discounts and products. You would have received this email: + +&#x200B; + +&#x200B; + +[borrowed from u\/DutchScot90](https://preview.redd.it/zt8s8x961ck71.jpg?width=1080&format=pjpg&auto=webp&s=97cc0c0de6b6cfa731a0f712c9f0f6fc1b3318e1) + +&#x200B; + +Something was different. The color used was Green and the products advertised were headphones. + +&#x200B; + +https://preview.redd.it/cs6o72x55ck71.png?width=1408&format=png&auto=webp&s=cf8aff5c61f5f4e8ecf7c9b3471b042198586375 + +&#x200B; + +&#x200B; + +https://preview.redd.it/ail49es1jck71.png?width=972&format=png&auto=webp&s=059474cf04b1ce0798b2a2bd0dc27a4942522932 + +&#x200B; + +that was the newsletter for Sunday Aug 15th. The following trading week Aug 23-27 was quite juicy. + +&#x200B; + +[Gme up $42 Aug 23-27 with HIGH Volume](https://preview.redd.it/518ir53l2ck71.png?width=1348&format=png&auto=webp&s=8bbe8b3c450b8aec0a337a52b53cd8f17d703125) + +Prior to this we've been seeing low volume even at times less than 1m for an entire trading day, suddenly we get 1m volume within the first hour? Interesting. + +[DutchScots original post here](https://www.reddit.com/r/Superstonk/comments/p52bfx/gamestop_weekly_ad_in_green_instead_of_the_usual/) + +&#x200B; + +Interesting how they let us know we would be in for a green week with high volume a week in advance + +Guess what color was the newsletter for Aug 22nd? + +&#x200B; + +[Borrowed From u\/LetsBeatTheStreet](https://preview.redd.it/fxeqzt573ck71.jpg?width=640&format=pjpg&auto=webp&s=eb8afb4f68e9fb0c90f0ed039b958397e7a8a895) + +[Original Post Here](https://www.reddit.com/r/Superstonk/comments/p9o8q3/gamestop_weekly_ad_82221_looks_like/) + +&#x200B; + +https://preview.redd.it/7pomvg4vkck71.png?width=1776&format=png&auto=webp&s=48e5da9aae0ad6151d435c8e82ed0f9657ad8493 + +[Looks Like NFT Purple to me! \(Plz note there is a gradient so purple is not absolute\)](https://preview.redd.it/qmms2s0tick71.png?width=948&format=png&auto=webp&s=5296c55898f7e3499ac1d84a0a49246c174b916b) + +[https://nft.gamestop.com/](https://nft.gamestop.com/) + +&#x200B; + +https://preview.redd.it/5m4nwiqrkck71.png?width=1346&format=png&auto=webp&s=9360a1811efaae0c165c36294a7e2b4ac382dda6 + +Let's also look at the products being advertised: JUDGEMENT? HMM + +&#x200B; + +edit: U/[**Snoo\_75309**](https://www.reddit.com/user/Snoo_75309/) pointed out that a company named Black DRAGON recently announced an NFT Dividend. up here we see Yakuza: LIKE A DRAGON. + +[Other Companies Announcing NFT Dividend](https://www.reddit.com/r/Superstonk/comments/pdoffq/gme_isnt_the_only_stonk_releasing_a_nft_dividend/?utm_medium=android_app&utm_source=share) + +That's not all we got, we got plenty of tit jacking tweets from Gamestop, RC himself, and the NFT TEAM! + +&#x200B; + +[Literal rocket and countdown](https://preview.redd.it/rajxikpc4ck71.png?width=1204&format=png&auto=webp&s=cb3aba87ffa9371f930f665b1a1bfbb1ae3bf244) + +&#x200B; + +&#x200B; + +&#x200B; + +[Tits Jacked for GME NFT Designer](https://preview.redd.it/def8m09f4ck71.png?width=1208&format=png&auto=webp&s=c5b5e1e700a982df4a905a0ed1258a5a0a231e18) + +&#x200B; + +&#x200B; + +[Time to party?](https://preview.redd.it/qq4uy0ei4ck71.png?width=1202&format=png&auto=webp&s=324831ff75b523e5961bf75804f78c5c9331fbd2) + +&#x200B; + +TLDR: Gamestop gave us a green newsletter with headphones (Volume) on Aug 15th, the following week we got just that. On Aug 22nd they gave us an NFT Purple newsletter, what's going to happen this week? +I've been trading for about 1.5 years and will preface this by being the first to admit that my lifetime account is still far in the RED. Like many traders, I started off too big, too fast, and managed to erase large initial, and lucky, gains. My introduction to trading was turning $30,000 to $90,000 with GME in the beginning of 2021 and then proceeding to lose it all. + +With that said, I'm hoping and praying that August 2022 is the beginning of a new phase in my trading journey. While I still have A LOT to learn, I spent countless hours watching charts and scrutinizing my mistakes. + +And this month it's finally starting to pay off. I entered 189 trades and cut my losers early. I treated the entire market as an oyster and never fell in love with one stock or trade. And while MANY mistakes were still made this month, I'm starting to gain confidence that if I continue doing what I'm doing, maybe one day I can finally call myself a successful full time day trader. + +P.S. I plan on going into more detail in the future as to what changes I made to my trading, but if I can give you ANY piece of advice right now it's this: don't mess with options until you've studied all the greeks in detail and are consistently profitable with stocks first. I've already managed to have great months like this before with stocks alone only to erase them all with a few bad options trades. Options are NOT for beginners, and I'm not going to trade them again for a while. + +My monthly August summary: + +0 red days: + +https://preview.redd.it/h4889f8lr5k91.png?width=1336&format=png&auto=webp&s=5f9959e07c1da4582a10d78040a4d26346fb5665 + +$6300 Net profit: + +https://preview.redd.it/pzkoljo2s5k91.png?width=1770&format=png&auto=webp&s=35ebb8d966d03af94a96858d5ec7b9bd9e49a04b + +86.24% win rate after 189 closed trades: + +https://preview.redd.it/pbqong1qr5k91.jpg?width=1778&format=pjpg&auto=webp&s=ea9a24c667a6d1e68e200c7799d4e596f4e54e2b +How would you route that order? Could you place an order that big? If you buy certain % of a company you have to submit it to the sec first, right? How would a retail investor do that? If you hire a firm to do that wouldn't they try and talk you out of doing it that? +Reposting from r/Fire based on comments + +I have been following FIRE movement and listening to financial podcasts for many years. So far, I have been able to investment on my own and benefited significantly from 10+ years of market returns. However, I am getting to a point where I feel I need some professional help. I want to get some feedback on my future direction from the FIRE community. I will start with some background. + +1. We are blessed to have very high household income. Over 700K+ before tax. +2. We don't have any debt. No mortgage, no car payment, no CC, no school loans. +3. We have 2 kids. Their 529 plans (VG age based) are well funded. +4. Our yearly expenses are around 75K. +5. We are investing around 350K to 400K every year. + +Here is what my investment scheme looks like: + +1. 60K + 60K MEGA backdoor ROTH for myself and wife. Going into VG target retirement fund. +2. 6K + 6K regular backdoor ROTH for myself and wife. Going into VG target retirement fund. +3. 7K HSA going into VG s&p 500 index fund. +4. 240K going into VTSAX brokerage account. DCA 20K per month. + +I am not comfortable hiring an advisor to manage my investments. However, I am getting overwhelmed doing it all by myself. I have been thinking about talking to a fee only advisor to get some feedback. But my last experience talking to an advisor wasn't great. + +My specific questions: + +1. Is there any other tax efficient investment option that I might be missing? I heard some kind of annuity works well for high income earners, but I can't find much details. +2. Do you suggest doing something other than VTSAX? + +I was looking for some info on MEGA backdoor ROTH going away as part of the infrastructure bill. I am glad to stumble upon this FIRE reddit community. I am hoping to learn from our combined wisdom. +Me and my spouse work in the SF-Bay area. We have had a couple of windfall money opportunities with couple of companies going IPO. The first one let us buy a 2b/2b condo when we had no responsibilities. We are quite happy where we live but we need the extra space since we have kids. With the refinance we did recently, our current mortgage is only 1600. HOA and property tax included is about 2600 which is dirt cheap for the neighborhood we live in. + +Thanks to another windfall + savings, there is enough money to put down 20-25% for a 2M-2.2M home. We think we can get a decent 4b where we live. Total income is close to 550k in the family. We need the extra space. Education is top priority for us and we don't want to compromise on school districts. + +But a 2M home will cost about 10k a month in mortgage + insurance + property tax. We just cant wrap my head around it. Going from 2.6k to 10k is just a shock to us. What advice do you have to make sure the decision is sound? What steps can I take to make sure I can be more confident about the purchase (Like savings, rainy day funds etc)? + +Another option is to go to a poor school district area and buy a bigger house for less but then save up for private school for the kids. What are your thoughts here? +So i’ve seen a ton of posts here asking about mortgages and my experience has not necessary matched what i’ve read so i figured i would post this. + +I’ve seen a lot here saying i would need to do some complicated strategy like trusts or annuities, PALs or margin loans (still not opposed to margin). this turned out to not be needed, hence why i’m here. + +First like many of you i tried to get a traditional mortgage from a big bank. i still had income but it was not the type of income that qualifies for a mortgage. so deep into the process with wells fargo i ended up getting turned down. i tried a few others like bank of america and they told me there were no big banks that would give one to me. + +at this point i started calling everyone imaginable because i was close to the deadline of needing it. where i finally had luck was with Chase bank and a few credit unions though i’m sure there are more. + +when everyone keeps saying they can’t get a mortgage because of lack of income it’s because they are applying to a bank that only seems to offer income based mortgages which most are. Chase however also offers asset based mortgages. the formula was basically to take 70% of your liquid asset value and divide that by 360 or however many monthly payments the loan will be. this qualifies as your monthly income now. normal debt to income ratios apply from here but if you have enough assets this can get you mortgages in the multi millions without traditional income. combine that with a million dollar asset transfer to chase to bring the rate down and i’m looking at a mortgage of whatever value i need in the 2-3% range depending on the type. the assets used to qualify are not even at risk and you can keep them as is. + +the credit union i talked to offered something similar with even less required assets (3 years payment) but the rate was higher so i chose chase. + +hopefully this helps some of you out there looking for the same thing. +I know that in fatFIRE, the RE part is not as important as in other fires, since here we don't hate our jobs and have no rush to leave it (if at all). + +My question however is, as an ambitious professional, do you struggle with giving yourself a break and enjoying your down time? After all, we cannot do great work if we're not well rested and fulfilled. What are the 2 biggest issues you're dealing with in this sense? +So everything started back in June 2015. After using Coinbase as my "online btc vault" for about 4-5 months keeping anywhere from $2500 worth of btc to $10,000. I got very interested on how their "Vault" system works and how safe it is. After testing it out and experimenting with it for over a week i was able to find one of the most major exploits on the site. In a nutshell what the exploit allowed me to do was to put my account into negative balance while withdrawing the btc, which basically resulted in me being able to cashout infinite Bitcoins even if i didn't have them on my account. Instead of abusing the exploit i have decided to help Coinbase fix the exploit by telling them step to step instructions on how to reproduce the bug on hackerone. After they were able to fix the exploit i was rewarded a measly $5,000 bounty, which i thought was unfair and was expecting to get upwards of $25,000. I helped them fix something that could have damaged them in hundreds of thousands of dollars, maybe even Millions if the exploit was executed correctly with the right amount of people. Anyway so after i got my bounty and moved on they put some kind of "secret" ban on my account, which i was unaware of and got no email at the time telling me the account was banned or locked in any kind of way. So i find out that they put lock on my bitcoins and whatever i would send to my coinbase wallet i couldn't withdraw or use it in any way. I sent them few support emails and got no clear response. After further investigation into their Vault i was able to discover almost identical exploit which resulted in the same manner as the previous one. After informing Coinbase on the new exploit it took them few months to reply on hackerone and after they did they fully put ban on my coinbase account for no relevant reason and after that they sent me request on hackerone to give them further instructions, which they clearly knew that i was unable to do that because moments before they asked for that they had banned my account. Time passed with no clear reply from Coinbase and they labeled the newer exploit as "Informative" Rewarding me with no bounty. After trying to replicate the new exploit on a new account it was clear that they had fixed it and didn't reward me for it. + +I didn't want this to go public and tried to deal with Coinbase in private, but with no clear resolvement i have no other choice, but to just put this out for everyone. + +Proof: + +first exploit resolvement on hackerone: http://i.imgur.com/GgD0L0l.png + +proof of the first exploit being performed correctly: + +http://i.imgur.com/x2miZOk.png +http://i.imgur.com/bUKlXhY.png + +proof of ban from coinbase after they fix the second exploit: + +http://i.imgur.com/C3uyA2V.png + +second exploit being marked as "Informative" after they had fixed it and banned me from accessing coinbase: + +http://i.imgur.com/Z8EXORY.png + + +NOTE: I only used Coinbase to keep my bitcoins in their wallet. I have never used Coinbase as a mean to buy or sell my bitcoins. + + +UPDATE: Coinbase has emailed me saying that they will re-open all of my reports on Hackerone and reevaluate them. Let's see where that will lead. + +Anyone else here not have a specific FIRE date/ or NW target before retiring? + +For me, if I have $3million, and I was offered a job of $450,000 per year, I would definitely take that job. However, if I am still working at my pitiful $60K a year job, I would probably retire. + + +Reported today, I think it's a strange coincidence that they all of a sudden care about ethics, especially with the talk of tapering. + +Personally extremely cautious about this. Is the market finally at the top? + +Source: https://www.cnbc.com/2021/09/09/feds-rosengren-to-sell-individual-stock-portfolio-to-address-ethics-concerns.html +Hi, so I been learning python for couple weeks, I read the Book Automate the Boring things. I understand well the basic of python and I can build some app. My end goal is to be able to code an algo trading bot on quantconnect. + +My question is: Can i learn how to do it directly from quantconnect Doc and Bootcamps(+ searching online) or I should read some books about Algorithms programming before working on quantconnect? If yes, do you have some books to suggest me? + +ps: I been trading for 5 years, and 2years with real money. + +&#x200B; + +Thank you. +So I had a stop order at 316, when GDAX went down (for whatever reason) all my ether was sold at the highest (at the time) price available. When I logged in I saw a small USD amount, I though it was a hiccup. Checked the fills and indeed it was sold at 10 cents. There is no way this will be reversed right? If that's the case I believe I will be leaving the crypto market at least until it stabilizes. + +Just lost 3k in the blink of an eye. + +Edit : As I stated on one of my comments, it was not my intention to blame GDAX. I understand this was all my fault and had already made my peace with it. That being said, it was a nice surprise Coinbase decided to refund customers. +##Goal +During December I will donate 25 Bitcoin, 1 each day leading up to Christmas, to a cause suggested by r/Bitcoin. +It can be a charity, open source project, crowdfund or anything else. + +&nbsp; + +I am hoping that these daily posts and donations will encourage others in the community to give Bitcoin this Christmas. +Especially people who have benefited from the rise in price recently. +&nbsp; + +##Get involved +Submit a suggestion in the comments of a cause you would like to see donated to. Also post a link to their Bitcoin donation page (not address) if possible. +Even if your suggestion is not donated to by me this month hopefully it may be seen by others here who may choose to donate. + +&nbsp; + +Each day I'll pick a cause from the suggestions, likely the most upvoted one, and donate 1 Bitcoin to them. +I'll ignore any scams, begging, college fund requests etc. + +&nbsp; + +I will try to send donations as fast as possible but there may be times where I have to do more research or checks to verify the suggestions are legit. +&nbsp; + +If you wish to give but don't have the time to check Reddit for the rest of the month you can send Bitcoin to my address: +&nbsp; + +**34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b** +&nbsp; + +I will divide the extra Bitcoin sent to that address by 25 and donate it to each of the chosen causes on the 25th or the 26th. + +##Proof of funds +Message: "Give Bitcoin this Christmas" +Address: 34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b +Signature: I8vZgsyOb1CKbTjo/Mravp03yIFnC94GNTVYOkBbhIUPUajfKPg4nh8zj7dWu5qzev2nsAtByLwpHHDnVwyAxsI= + +Note that the address above doesn't contain 25 now due to sending donations so the funds moved to change addresses. +You need to verify it using Trezor. + +##Donations + +| Day | Cause | Proof of donation | +|:------|:------------|:------------| +| [1](https://www.reddit.com/r/Bitcoin/comments/7gpe1q/give_bitcoin_this_christmas_ill_start_with_25/)|[EFF](https://www.eff.org/)| [tx](https://blockchain.info/tx/bf4b8cdb8f11a347cede1eb121fa8fb4750d2827bd58cd69b2ddd4cdb07382cf) , [tx](https://blockchain.info/tx/bf51b214767b6d95dab4f0665cb9d3d7a332577a72f63b55f504fd895da885b8) ,[tx](https://blockchain.info/tx/3fbea4e956c296f311d08410b7ef06d3dd0d434187b2cc5877bf09610fd2f68d) , [tx](https://blockchain.info/tx/32f1e3ef6568148d2c2749965fa45d1444c5a8f8e9676df954ffd512b163004c) | +| [2](https://www.reddit.com/r/Bitcoin/comments/7h4cny/give_bitcoin_this_christmas_ill_start_with_25/)|[Khan Academy](https://www.khanacademy.org/)| awaiting deposit address | +| 3| [Give Directly](http://www.givedirectly.org)| [tx](https://blockchain.info/address/1KhQ2Vt43DeEp7mynDo3vwk3rKmC1agJya)| +&nbsp; + +Warning: Don't send to addresses I have without checking donation pages first. Some of those were temp wallets produced by their payment processor. + + + +My grandpa put the bulk of his money in a real estate partnership owned by his two kids, my mom and my uncle. When he passed, management of the properties passed to my mom, as my uncle lives on the far side of the country, and she has been running it for the past 5 years. My mom is an incredible lady but doesn’t really have a strong business background, and the properties have kind of been mismanaged over this time (the accounting is really spotty, nothing is categorized, its hard to figure out where money has been going, etc). Anyways, she’s agreed to let me and my cousin (my uncle’s son) assume control of the day to day while she eases into retirement. + +There are 3 properties. One is a small commercial manufacturing facility, another is an apartment complex with 19 units, and the last is a ski chalet at a local ski report. All the properties are fully paid off, have no major maintenance scheduled for a at least a few years, and generate about $18,000 a month total. The partnership has 1 line of credit we opened to fix the roof on the commercial property (about $40K total) but we have no debt other than that. We only have like $3k in cash right now since we just finished a bunch of maintenance. + +We want to grow it, aggressively if we can, but aren’t really sure where to start. We were thinking of taking on debt to purchase another property, but I’m not sure what an appropriate amount of leverage to take on is. To be honest this has all happened so fast my head is spinning, and I’m curious what any of you would do if you were in my situation. +I see a ton of people here and in my community that started with a small amount of cash and have been hyper levering up lately, banking on the extreme annual appreciation in the real estate market so it’s got me worried. + +For simplicity, debt ratio = debts/assets + +I always thought 40% was the line you don’t want to cross and I try to hover around 30% since I’m small time. + +I’m curious what kind of risk other more seasoned real estate investors consider healthy or comfortable. +I live in a middle sized college town in NC. Rent demand and prices are strong relative to cost (I get an average around 12% gross yearly on the rentals). College being partially virtual doesn't seem to effect regular rental market yet. Browsed through budget houses, and nice townhomes on AirBnb and in my market and they are only rented for thanksgiving, Christmas night, and May 7th 2021 (looked it up and its college graduation day). I wasn't sure how normal this is, or why the owners would even be motivated to airbnb over just leasing. +Due to a mistake in February, I overpaid on my car up to May. I was also able to pay an extra payments worth toward my student loan (which is now under $550). My phone bill is paid until June. I paid off my credit card last month, and though I have put charges on it after, I am able to pay it off now. + +To be honest, I am not quite sure how I got to be in the spot I’m in right now. It may be because my company gave two bonuses to their employees, and because I have worked extra hours at my second job. Those are the only two logical reasons. But I feel like I am missing something. I feel like at any moment, some ugly bull is going to show its face, and it will all come crashing down. +Old van exploded (figuratively), bought a used van with $22,000 loan from USAA at 2.79%. We had planned to pay off the loan in the first year, but money came in faster than expected and we can pay it off before our first payment is due. Should we? Have over 800 credit currently, would this negatively impact credit? Is it better to invest the money rather than pay off such a low interest debt? + +psychologically speaking, I hate debt and would prefer to pay it off ASAP. + +EDIT: Thanks for the feedback - great responses all around. We have no other debts to pay down. Only debt we have is our mortgage ~400k. + +EDIT 2: there are many confused about “how I got a rate below 5%”. +LMGTFY +https://www.usaa.com/inet/wc/bank-loan-auto-main?akredirect=true +You also get additional interest rate reduction if you use their car buying service. Our original rate was 3.29% and got 0.5% lower for using their car buying service. (Which is essentially me searching for the car I wanted in their app and presenting it to the dealer - very simple) + +Also - we are in CA, no prepay penalties here +I've just received an email yesterday (just before the long weekend), advising that my weekly rent of $600pw would be increasing to $750pw which is a 25% increase for a 2 bedroom apartment that I have been renting for just over 6 months. I have been provided 60 days notice about the rent increase. + +I am obviously going to be emailing the real estate agent on Monday night about this and am at crossroads how to approach this at the moment. I essentially have two options in mind. + +Option 1 - Email back the real estate agent asking if the rental increase to $750pw was meant to read $650pw. + +Option 2 - Email back the real estate agent requesting substantiation for a 25% increase. + +Does anyone have any other good suggestions? +While Index seems to be going to the moon ,my stocks are going to south pole and that too via shortest route possible... Who the hell is making money in this market? +Is that humongous AUM finally starting to affect the fund? Else are the fund manager not competent enough? I'm honestly considering moving my out of HDFC small cap fund and into Axis small cap fund. Just want some thoughts of fellow investors. + +Btw SBI Small cap fund has delivered 25% CAGR over the 7 years since its inception. So I believe small cap holds a lot of promise for people willing to stay put but I'm having my doubts regarding HDFC small cap fund. +… a short interest of over 100 % + +… the resulting implication of naked shorts ( aka crime ) + +… the timing for the new formula of short interest + +… the removal of the buy button for retail only + +… that noone got punished for this mess + +… the painful congressional hearing with all it‘s professional incompetence , and missing the topic by talking about GaMiFiCaTiOn + +… the self-presentation by politicians and celebrities like they would care + +… the sheer amount of bots spamming tickers like popcorn + +… the SEC reporting that the sneeze was due to retail sentiment, not shorts covering + +… the ridiculous spike in puts, especially DOOMPs + +… the brazilian puts + +… Melvin saying they closed their positions, loosing money and closing the fund nevertheless + +… all the shit talk by MSM + +… the late february 21 pump, the March 10th flash crash, both not being caused by retail + +… DFV being an absolute legend + +… Dr. T and Criand explaining why DRS matters + +… Apes not leaving + +… the rest of the world leaving, treating it as a „whoopsie“, not concerned about the inner workings of financial markets + +… that every god damn short seller is a buyer one day + + + + +What‘s something you still remember that should never be forgotten ? +I recently watched Rob Berger's video on YouTube regarding dividends and it was pretty eye-opening. I definitely never knew where the actual dividend payment per share comes from but it makes sense now. For those that aren't aware, you can look at 'Historical Data' of a security and see Open, High, Low, Close and 'Adjusted Close'. Look through the data until you find a dividend, and you'll see that dividend payments just come from the price of the stock. If the security is worth $50, and the dividend is worth $1/share, the adjusted close for that evening will be $49. It's value that we already hold that is being distributed back into our pockets as a check. + +So with that said and learning more about dividends, are they actually beneficial to investors? Do they actually lead to more wealth growth? + +Edit: [a couple of people have requested, so here’s the video I mentioned earlier](https://youtu.be/FEH8kZxaWS4) +TLDR: unless the hedgies get us below $32.08 tomorrow our golden cross will be locked in. Even if they do, unless the get us below $7.28 then the 50 day SMA will still be higher than the 200 day SMA. + +Ok, so we all know that we had a golden cross on Tuesday. This happens when the 50 day moving average crosses above the 200 day moving average. Only two things can reverse it once it happens, either a large move downwards, or just waiting it out and steadily dropping the price. But there is a limit on how far down a stock can go (can't go negative), so eventually it turns into a waiting game while continuously suppressing the price to eventually get a death cross again. + +Now for the math + +a golden cross (or death cross) will happen when + +* Sum(200 days)/200=Sum(50 days/50) + +If you want to predict the price required the following day to get that previous statement to be true you solve for x + +* (Sum(199 days)+x)/200=(Sum(49 days+x)/50 +* Sum(199 days)+x=4\*Sum(49 days)+4\*x +* 3x=Sum(199 days)-4\*Sum(49 days) +* x=(Sum(199 days)-4\*Sum(49 days))/3 + +In order to maintain a golden cross, we must stay equal or greater than x in the previous equation. Today's value was $16.22, Tomorrow's value is $7.28 + +But how do you figure out what price the following day would cause it to be impossible to cross back over in two days? You solve the following equation + +* (Sum(198 days)+x+0)/200=(Sum(48 days+x+0)/50 +* Sum(198 days)+x=4\*Sum(48 days)+4\*x +* 3x=Sum(198 days)-4\*Sum(48 days) +* x=(Sum(198 days)-4\*Sum(48 days))/3 + +Today's value was $45.21 which we obviously didn't hit, but tomorrow's number is $32.08. If we stay above 32.08, then even if the hedgies dropped our price to zero on Monday (impossible but not the point) the 50 day SMA would still be higher than the 200 day SMA. $56.96 or higher tomorrow would lock us in through at least Tuesday. (any further day, just reduce the counts on both sums by 1 but don't change anything else) + +Now for some pictures so smoothbrain can maybe understand better + +First a linear plot, of the two moving averages, and the price required the following day to reverse the trend. Any number below 0 is obviously impossible + +[If yellow line less than 0, then no escape for hedgies](https://preview.redd.it/9uaer71ihki91.png?width=1562&format=png&auto=webp&s=f9fa4db071e141431e11a37542e1627a73530da9) + +Now a Log scale on y to better show averages, and remove all negative numbers. Anywhere yellow line isn't means reversal is impossible. + +[If yellow line missing, no escape for hedgies](https://preview.redd.it/76p7xplphki91.png?width=1550&format=png&auto=webp&s=0e643d64382be8775edaaa28747f70986013bec0) + Hope conditions improve when the earnings coming out. + +*Wall Street is bracing for a busy earnings week, with quarterly reports due from* [*Apple Inc.*](https://www.marketwatch.com/story/apple-gave-investors-more-than-100-billion-last-year-how-much-more-is-coming-11650654829?mod=home-page&mod=article_inline) *Facebook parent* [*Meta Platforms Inc.*](https://www.marketwatch.com/story/facebooks-meh-year-could-get-better-it-just-isnt-11650656197?mod=home-page&mod=article_inline) *Google parent* [*Alphabet Inc.*](https://www.marketwatch.com/story/amid-a-storm-in-tech-sector-google-is-staying-relatively-dry-and-happy-11650658503?mod=home-page&mod=article_inline) *Amazon.com Inc. and Microsoft Corp. among others. Investors will also keep an eye on Twitter Inc. which reports earnings Thursday and on Sunday* [*was reported to be re-evaluating Elon Musk’s takeover bid*](https://www.marketwatch.com/story/twitter-taking-a-second-look-at-elon-musks-takeover-offer-11650830958?mod=home-page&mod=article_inline)*.* + +*On Friday, the Dow shed about 981 points, or 2.8%, marking* [*its worst daily percentage drop since Oct. 28, 2020*](https://www.marketwatch.com/story/stock-futures-drop-and-bond-yields-climb-following-hawkish-comments-by-feds-powell-11650622790?mod=home-page&mod=article_inline)*, according to Dow Jones Market data. The S&P 500 index  slid 2.8% and the Nasdaq Composite Index  tumbled 2.6%.* + +*For the week, the Dow was down 1.9%, the S&P 500 fell 2.8% and the Nasdaq dropped 3.8%, according to FactSet.* + +*Fed Chairman Jerome Powell added to the worries of jittery investors Thursday by* [*signaling support for a larger, 50-basis-point rate hike*](https://www.marketwatch.com/story/powell-backs-moving-more-quickly-on-interest-rate-hikes-11650562888?mod=mw_latestnews&mod=article_inline&mod=article_inline&mod=article_inline) *at the Fed’s May meeting.* +Just for those apes who don’t know arithmetic, or otherwise can’t operate their calculators with their massive diamond fists, I thought I’d remind ya’ll that there is absolutely no fucking difference in the end product if you end up spending an extra few dollars per share. + +You are buying tickets to the moon. Are you really gonna skip your moon ride because of a few measly dollars? + +I mean I don’t give out financial advice but hot DAMN! +Edit: for those saying FUD 😂 I don’t plan on selling for any less than GMEfloor.com. I just want a plan to buffer the attention until I can emerge from my cave of tendies since I’m a young ape in my twenties. + +Edit 2: yo dis be my most popular post I think; hi mum, I wanna thank god, me mum, and DFV. but srsly thanks for the awards. I actually read every single comment and commented where I wanted. Y’all some funny mofos. + +know for one that I may or may not have told personal acquaintances along this 8 month journey that I was in GME; dad, step-mom, brother, a few friends, etc. + +As time has gone on, and the seriousness of the MOASS has become more and more real, I’ve become less and less confident in the imaginary, idealistic reality, that my family members/friends would not view me different, grow to resent me, expect things, maybe even do some shady shit. Certainly, NOTHING will be the same. + +So, I encourage everyone who is in the same boat as me - where close associates are aware of your poison in GME and intention to sell at $55M+ — to lie when the MOASS happens. + +When they blow up your phone during MOASS telling you to sell and “make back your investment” at $10,000 a share like a 📄 🙌🏼 just tell them you did. + +It’ll be better that your close associations think you made $100k then for them to know you have $100M+. + +It’s okay to lie. +It’s okay to think of yourself. +Power to the Players. + +💎 🙌🏼 +First off I'm a DRS smoothie 63 locked up. I **don't** options. Hell I barely even **stonk**. I'm a Chemist and I don't know shit about fuck... Except I do know a thing or two about **assumptions**. + +If I'm going to invent a new form of **nipple cream** made from **hemp oil** I need to figure out how to hydrogenate that shit because it's a fucking **liquid**. To do that I need pressurized **hydrogen gas** and I've got to make an **assumption** about how it's going to behave in my **reactor** before I make a test run. There's a bit of math that can help us. + +The ideal gas law: + +P\*V = n\*R\*T + +P=Pressure + +V=Volume + +n=moles of gas + +R=Ideal Gas Constant + +T=Temperature + +This is a very simplistic **assumption**! This literally says what a gas does **ideally**. But **nothing** is fucking ideal in the **real world** so we could use something like this: + +Van Der Waals Equation: + +(P+a\*\[n\^2/V\^2\])\*(V-n\*b)=n\*R\*T + +a and b = empirically derived constants specific to the gas. + +This ain't a **physics lesson**, but my point is that even something relatively **simple** like making **nipple cream** can get **nucking futs** real quick. + +Now take a **dude** and tell him to predict what the **angry, horny, and hungry bag of feral weasels** that is the market is going to do on a given day! Da fuck? BRO THESE **WEASELS** CHEWED MY **NIPS** OFF! WHY DIDN'T YOU TELL ME? + +**I don't have enough wrinkles to know for sure what assumptions are made when laying out his thoughts, but I'm pretty damn sure that it's harder than it looks.** + +Give the guy a break, he's not spot on understandably, but his ideas make sense and he's trying to help. I reckon proper apes understand that. +So the second hand car market has been a bit bonkers, in part due to pretty long lead time for new cars. + +This seems to have been going on for a while, with no end in sight! + +What's the general consensus about this? + +I have an ancient Honda that threatens to die pretty much every day, and have been waiting for things to settle, before replacing it. +**TLDR;** ETFs are continuing to BUY and HOLD. + +3 months ago, on 19 Mar, I created a spreadsheet that tracked the holdings reports of the top 30+ ETFs that hold GME. Today I revisited that spreadsheet and updated the numbers with current reporting. The biggest updates came from Vanguard who published their quarterly holdings update at the end of April. Unlike the other tracked ETFs, Vanguard does not post daily holdings reports. Here are my findings. + +Total share count amongst the 32 tracked ETFs increased from 11.7 Million to 13.0 Million (**+10.6%**). Vanguard specifically had an increase in GME holdings from 3.7 Million to 4.8 Million (**+30%**). + +This increase in position comes with an increase in stock price. On 19 Mar, GME closed at $200.27. On 4 Jun it closed at $248.36. This shows that as a whole, ETFs have increased their total stake in GME and these changes were not due to adjustments from price alone. + +Spreadsheet Link + +[https://docs.google.com/spreadsheets/d/1SWK2krtYHqrGu222bVGhRwTP9niW-0t-\_9Bbpwru3jY/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1SWK2krtYHqrGu222bVGhRwTP9niW-0t-_9Bbpwru3jY/edit?usp=sharing) +I’m getting married soon and was thinking using the budgeting sheet provided in excel to track our finances would be a good idea. + +Are there better ways to do it or maybe a better excel sheet out there to track and organize money? I hope that makes sense. + +I also have an Wealthfront account, but I don’t think that’s included in the software. +Waiting for unconditoonal approval. Originally assured 21 business day wait. Vendor going to pull out if we don't get approval soon. + +Waited 32 business days to have our application looked at (80% LVR). They finally looked at it 3 days ago and they asked for "more information" from broker and it was all stuff that the broker had included with the original application. The broker sends the stuff off straight away, assessor in India promises a decision by that night. No update that night. Following day Broker calls ANZ, gets the application escalated again, promised decision by that evening. No update. Brings us to today, broker calls ANZ again, gets the same promises. Nothing at all. + +Broker says we should get an update by tomorrow night. We dont have much hope. + +Absolutely ridiculous to take this long after waiting our time in the queue. They have everything they need and then some. + +I will definitely be avoiding ANZ in the future. +Hi guys, there has been a lot of hype about blockchain changing the world but no one has really talked about the future of betting using blockchain so I decided to write about it, going over betting in history, social betting, betting during the age of the internet, and blockchain social betting like Bethereum. + + + +Starting with rolling animal bones in the prehistory, gambling has always been a part of human culture. After that, the first six-sided dice was found in Mesopotamia, gambling houses in China were around since atleast the first millenium BC and playing cards appeared in the 9th century. + +Before that the Romans and Greeks gambled on sports, gladiators and more. +Most historic betting and gambling was ‘social’ with other players, usually friends, for entertainment and a shot at making money. Today friendly bets between friends somewhat exist although low attention span and entertainment at everyones fingertips has made it almost non existant. + +The internet changed the betting and gambling scene rapidly, everyone with an internet connection and computer could now gamble internationally with relatively low set up costs. Although the internet definitely gave a boom to betting and gambling, it wasn’t all positive. Not only did the ‘social’ element make place for individualism, broker websites had and have lots of problems. Ranging from hidden fees to skewed odds to withdrawal delays, or simply no withdrawal whatsoever. This is mostly because the websites are based on small offshore countries with low regulation and no transparency. + + +With blockchain and smart contracts, people will be able to bet and gamble with no trust involved in any party, provably fair odds, instant payouts and transparency. No more sketchy websites that may or may not pay out the earned amount or have hidden fees, say hello to blockchain based betting. +So what is going to be the next blockchain betting platform? Realistically there are going to be multiple like any other industry, I haven’t checked out all projects but so far I liked Bethereum most, after that MeVU but BetterBetting looked quite sketchy tbh. If you have any questions or want to discuss, or feel like I missed something, feel free to comment below and ill be sure to look at it. + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi Reddit, + +My dad Bought around 1500 BTC back in 2011. + +He got a tip from a colleague and didn't hesitate to try it out. + +He bought it with his e-mail from the company he used to work at (CISCO), at the time and doesn't remember which wallet he used (probably limited wallet options at that time). + +He left the company around 2013 and his e-mail etc. from his time in the company has probably been deleted for the better part of 6-7 years. + + +Is there any chance or just the smallest of hope of retrieving his wallet, or is it just bad luck/stupidity from my dad? + + +I hope you can help and let me know if I need to pursue this. + + +Cheers. +Cryptos are inflated. Bitcoin was meant to be digital gold but every time the market goes down, bitcoin follows. Also, unlike gold bitcoin is too volatile. Property prices across the world are inflated. Stocks are running hot, indexes are pretty much the same. Then there are geopolitical issues with China and Russia. If you were to pick one asset class that poses the greatest risk for the financial markets and economies in general, which one would that be and why? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. 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: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Source: [https://www.sec.gov/rules/sro/finra/2022/34-96415.pdf](https://www.sec.gov/rules/sro/finra/2022/34-96415.pdf) + +***Additional Materials:*** [Exhibit 2a](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex2a.pdf), [Exhibit 2b](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex2b.pdf), [Exhibit 3](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex3.pdf), [Exhibit 5](https://www.sec.gov/rules/sro/finra/2022/34-96415-ex5.pdf) + +[Submit Comments on SR-FINRA-2022-031](https://www.sec.gov/cgi-bin/ruling-comments) + +FINRA is proposing to adopt FINRA Rules 6151 (Disclosure of Order Routing Information for NMS Securities) and 6470 (Disclosure of Order Routing Information for OTC Equity Securities) to require members to (i) publish order routing reports for orders in OTC Equity Securities, and (ii) submit their order routing reports for both OTC Equity Securities and NMS Securities to FINRA for publication on the FINRA website. + +https://preview.redd.it/eafaiznrm53a1.png?width=902&format=png&auto=webp&s=3727bec7ae92ed0b3467737930736f73c6b1b8cd + +https://preview.redd.it/wkggorgtm53a1.png?width=861&format=png&auto=webp&s=ba5f18d8942e98c8ac7d9b9377d0f5f5176526c0 + +https://preview.redd.it/aplfad83n53a1.png?width=853&format=png&auto=webp&s=857d7b4efbc803e925832e3dc42c31116feda5ee + +https://preview.redd.it/q87e1gqln53a1.png?width=902&format=png&auto=webp&s=0b098e19027312fd4eb26139436e483dd0ae46f3 + +https://preview.redd.it/dp431zamn53a1.png?width=883&format=png&auto=webp&s=19809dcbd897ca122ba538591f9b64b775239cd7 + +https://preview.redd.it/d6xab7fsn53a1.png?width=995&format=png&auto=webp&s=6af6844ca442782f6cd74876367ed95002b1701e + +https://preview.redd.it/udkkkt2do53a1.png?width=716&format=png&auto=webp&s=d5341f156c0433f0fd10790472041853f792c529 +Welcome to the Weekly Community Discussion thread of /r/EthTrader. + +This thread is a place for community meta discussion - to learn or make suggestions for how community members could be better served. [Donuts](/r/ethtrader/wiki/donuts) are a welcome topic here as is non-donut related discussion. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Just curious if anyone knows if any upcoming events are causing the Bitcoin price rise again or is Bitcoin just being Bitcoin and pumped for no reason? + +Ethereum Devcon3 is around but it seems that it isn't as well publicized as it should be considering the amount and quality of people who will be there enriching the network. +Adoption is coming guys! +It will take time but it’s coming +New currencies are replacing old fashioned fiat. +Borderless ones! + +You ever tried pulling money from ATM while traveling abroad? Did you encounter the crazy fees? + +That was the selling point of crypto for my uncle. + +I was gonna recommend coinbase for him but the fees are high. Any recommendations guys? +I have two tenants that have been very good tenants for the last four and a half years but I just got notice that they're splitting. I want to be fair with them but I'm a little gun shy with issues like this causing good tenants to go bad...their neighbor in the duplex went through something similar and after years of swapping room mates they stopped paying completely. It was a total waste of time and money trying to save that tenancy once one of the lease holders moved out. We're in Sacramento county California and keeping it vague until I can get a consult with our attorney, but here's what I'd like professional opinion on. Any input or questions I'm missing?: + +One of the tenants has already moved out and put in a 30 day notice. They want to know how much of their security deposit they'll get back. My thought is nothing until the unit is vacated by all parties...I don't know what the damages are. They're also married in a community property state so any liabilities incurred by either party are joint debts until the marriage is legally ended, right? + +The other tenant wants to stay, but I don't want to do the room mate shuffle. That's always been a losing proposition from my experience because every issue they have with each other tends to wind up in my email. Do I have to let one of the tenants out of their lease without both vacating? If one leaves can I make the other go too? No fault evictions are dicey here but I seriously doubt the tenant that wants to remain would qualify for a new lease on her own. + +My last concern is I've never gone through this with a married couple before. Are their any legal pitfalls like dispensation of the security deposit or final walkthrough I need to be mindful of? The divorce seems to be amicable but I imagine it's one piece of bad news away from getting nasty. +One of the core tenants of FIRE is spending money mindfully. Each potential purchase is questioned in terms of whether the happiness it will bring will be worth its cost. And yet, I do not see the same way of thinking applied to earning income among FIRE people. + +Like spending, earning income has a cost. That cost is usually in the form of spending time. Whether you're talking about working extra hours to get ahead, starting a side hustle, etc, the nature of getting someone to pay you to do something is generally that you have to spend time doing something you wouldn't otherwise do (if that wasn't the case, then why would they pay you to do what they could get for free?). FIRE is all about freeing up as much time as possible to do the things that are important to you, so we should see this as a definite cost and affront to our goals. + +Given the amount of threads I see about moving up in your main job, starting side hustles, etc, I see behavior more symptomatic of people who compulsively want to horde money rather than people that are trying to maximize their time while having enough money to do what makes them happy. + +Because of that, much like I gladly intentionally spend money for purchases that I think will bring me a lot of happiness, I also gladly pass by opportunities to increase my income that will eat unacceptable portions of my time, add undue stress, or otherwise make me unhappy to the point of not being worth it. + +My manager has explicitly said I'm overdue for a promotion and given me suggestions for side projects to work on (extra hours outside my normal work week, of course) that he said he could use directly to try to justify me getting a promotion to the larger board of managers. I gladly declined and have not yet regretted it. Anyone else feel the same way I do? +Hi everyone! I have been inquiring for a while about that topic, I'm a neophyte: so I accept all your advice! I'm 24 y.o. and I would start to invest my earnings. + +I've already set aside about 6k for the emergency fund. I can save \~700 € per month and put it into an accumulation plan every 4-6 month approximately. + +I ask you: what would be a good portfolio considering a long time horizon (15 years or even longer) and a medium-high risk appetite? I prefer Accumulating ETFs. + +I've already looked portfolios like golden butterfly, all wheater, 60/40 ecc ecc... so if you have any suggestion about that please tell me! :) +Is it possible to buy US Treasury Bonds (T-bills, T-notes) as European? I think I'm not interested in ETFs (like IDBT) as I would like to hold the bond until maturity to earn better interest on my USD. If I understand correctly you need SSN or EIN to buy on TreasuryDirect. + +I'm also happy to entertain other ideas for getting yield on USD, maybe except stablecoins. +Hello everyone! This is my first post on Reddit 🥳🥳 happy to join this community! + +I’m 24 years old, I’ve been investing since August 2018. The platforms that I use are DeGiro and Plus500. + +I’m from Romania but I’m currently studying in Denmark. Soon I’ll finish my studies and move out from Denmark so I would not be able to use DEGIRO due to the fact that in Romania is not available. + +My main investments are made in Plus500 and I’ve been holding them for 1y 1/2. I know they have the overnight fees, and is a CFD platform, but in the near future I’m planning to take out my profits and invest them in a brokerage company that I’ll keep for years. Now I’m in the stage where I try to find the best brokerage firm with low fees, and available almost in the entire Europe. + +What do you guys think about InteractiveBrokers? Do you think it is a good idea to open a new account and start investing there? + +If I open an account on InteractiveBrokers with the residence in Denmark, is it hard to switch it to Romania or other country when I move? + +Thanks guys for your help 🥳🙏🏽 +How do you pick your bond ETFs? Government only? European vs global? (I am European) + +Curious to know where are you all investing in bond ETFs + +I am in my early 30, and I have a 90/10 allocation (stock+ bond). + +I am currently investing 10% of my allocation in iShares Core Global Aggregate Bond EUR IE00BDBRDM35 (coupon 2,09%) - Weighted Av YTM as of 15/Dec/2021 1.24% +Hello, + +I have been trying to find European Rail ETFs containing anything related to trains, railways, parts, maintenance... But I haven't had much luck. + +My idea is to invest in alternative sustainable transportation. + +Anyone have any recommendations? Thank you in advance. +Many IB clients received migration notifications from IBUK to Ireland, Luxembourg or Hungary. + +My IBUK account is linked with Tradestation Global and I didn’t receive any notification yet. Is anyone else in this situation? What happens to our assets starting 2021? Is there any way we could avoid moving to IBCE? +Hi! +I just have an opportunity to live alone. Currently living with my parents, and have a calm relationship with them so no problem here. I have some experience with co-living too. I see the advantage of having some cash saved up, so please don't type anything like "you should have left 5 years ago blah blah". Let's talk about my monthly budget. + + +Income: 1300EUR +Rent + utilities: 500EUR +Food: up to 300EUR (?) +Gas: 160EUR +Barber: 65EUR +Subs: 20EUR +Phone: 24EUR +Coffee: 40EUR +Savings: 16K EUR + + +Remains: 230EUR +What should I add to my budget? I guess some toiletries, restaurants and going out? + +&#x200B; + +Questions: +1. Should I leave my parents' house? Is it so worthy to live alone? +2. I need to buy a new car too, should I pay for it from my savings? How am I supposed to save another cash? +3. Should I be worried about my monthly budget? + +&#x200B; + +Thanks +This is not to police or criticize anyone's posts. I see a fair number of posts that are specific to folks with money but not necessarily FIRE ("what is the best quality X money can buy" type of posts). Nothing wrong with that but not very fire related. Is there a better sub for this or perhaps someone is interested in creating one (I can't - I'm a cheapskate)? +https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf + +Made a post about this earlier but was too jacked, started typing in capital letters and got carried away🤣 + +Hopefully this one is a little clearer. + +If you don’t want to read the whole thing, the I recommend at-least reading the first 3 pages. You probably won’t be able to stop after then anyway lmayo + + + + +TLDR: During June and July of 2009 Deep Capture serialized a 48,000 word story about a network of market miscreants that includes disreputable financial analysts, prominent journalists, some of America’s best-known hedge fund managers, associates of the Mafia, and Michael Milken, the famous criminal from the 1980s. The story focuses on the travails of Dendreon, a company with a promising treatment for prostate cancer, but it describes market machinations that have affected hundreds of other companies, and it contains a larger message about the “deep capture” of our nation’s media and regulatory bodies. Now we publish the full, 15-chapter story as a single document…. +Hello all, my wife and I have never been in this position before, nor do we know many people who have, so I'm coming here for some advice. Details: + +Age: Under 30 Married + +Area: MCOL + +Salary: $500k combined + +House: Rent apartment + +Savings: \~$100k combined @ $17k a month + +Debt: Cars- \~$80k, Student Loans- \~$175k combined + +Kids: None currently but will be trying in 2ish years + +Fatfire timeline: Not currently set as we both enjoy our current work. More focused on seeing how fat we can go. + +&#x200B; + +We would have significantly more in our savings but we paid for our wedding a few months ago and that drained us quite a bit. The windfall will be coming from our work and is expected to be between $5m-$25m depending on market conditions at time of sale. Obviously this is a very large ballpark but we aren't expecting sale until sometime during Q1 2020. If sale occurred today we would gross $18m cash. We are beginning to set meetings up with CPAs, private money managers, etc. but we don't really know what to expect besides that. My folks are pretty wealthy (\~$10m NTW) but they only own bonds and are extremely conservative. Wife's parents are not wealthy. + +We plan on plowing some, not sure what %, back into our private businesses/private business opportunities as we feel we can significantly outperform the market while also having control of the business. We don't have a huge desire to buy a house until we get pregnant and are a little worried we would go overboard and get like a $1m place to just stay in forever. We already know we are going to get killed on taxes but is there anything we can do to attempt to shield this windfall? + +Thanks for any advice you may have. +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! +Pretty new to selling options. Did the wheel a couple of times, but I need some help not getting stuck. Airline stocks were doing nice, and I sold a few Delta puts before.. uh.. delta happened and brought all the travel stocks down. Got assigned, which is fine, but it's been over 10% down for a month now or so. Tough to sell CCs on it at strike price I bought it for. + +Should I sell CCs at lower strike prices and be prepared to roll them up if I have to? Should I have bought the put back at a loss to not get stuck? At this point, I'm definitely not outperforming SPY. +