diff --git "a/reddit_finance_43_250k_339.txt" "b/reddit_finance_43_250k_339.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_339.txt" @@ -0,0 +1,10000 @@ +\- NW, after closing on the house, was about -12k + +So, the chunk of time I am dubbing my first year towards FIRE is the year of 2020. I've tracked my finances incessantly in both Mint and Personal Capital (both have their pros/cons), and most of the graphs and snapshots I'll provide will be from either of those sites. Here is a graph of NW over the course of the year: [https://i.imgur.com/yd1DDMc.png](https://i.imgur.com/yd1DDMc.png). I ended 2020 at 10.5k, a 22k climb and the first time I have had a positive NW since before I was 18 (bad habits ran deep). + +Mint gives me the way to view changes in spending over time, so I've compared 2019 to 2020 for a couple of different categories. My biggest habit change was a massive reduction in the amount of random purchases I made. I like electronics, a lot, and while I might not not spend a lot of money on clothing or furniture, I definitely wouldn't think twice about a TV, speakers, or computer parts: [https://i.imgur.com/hl2tzjV.png](https://i.imgur.com/hl2tzjV.png). The purchases I made in 2020 were things I considered essential and nothing else. Next, I ate out a less (around 1.7k less for the year): [https://i.imgur.com/I0YJ0Ct.png](https://i.imgur.com/I0YJ0Ct.png). Of course the category with the largest change was housing, which dropped from 17k in 2019 to 6k in 2020. Interestingly enough, transportation stayed about the same transitioning from public transpo and Uber to driving a truck. Insurance, gas, and even used vehicles themselves are drastically cheaper here. This can all be summed up in a graph comparing monthly net income for both years. The numbers here are a little weird (income has been difficult for me to track cleanly in mint) but the take away is many more months saving money and not spending more than I made: [https://i.imgur.com/JiUozIK.png](https://i.imgur.com/JiUozIK.png). Some other things that made a difference: + +\- Utilities are now much cheaper. Water/sewer went from 60/month to 20/month for example + +\- Taxes, in general, are much lower (sales, state income, local income) + +\- Other lifestyle changes, like how my free time is spent, alcohol consumption, and less travel + +\- Addition of appreciating assets, such as the house, investments, and believe it or not my truck (weird world right now) + +Lastly, I figured I could highlight what exactly I was doing with the additional income each month. First and foremost, I paid off credit cards. I also had a personal loan that I paid down very quickly. Otherwise, I just stuck some money in savings and the rest is going towards investments: + +\- Following this Financial Panther guide, I've opened 2x of these 'high interest on the first 1k' accounts, and these (along with some other cash) comprise my emergency fund: [https://financialpanther.com/netspend-account/](https://financialpanther.com/netspend-account/) + +\- Opened a brokerage account, and have only been purchasing VEA, VOO, and VYM (Developed markets etf, S&P500 etf, and high dividend yield etf) + +\- Increasingly contributing to employer 401k + +\- Increasingly contributing to a Wealthfront Roth IRA + +\- Light individual stock investing + +\- Home improvements that raised the value of the house + +For this year, I am focusing on reducing my taxable income and trying to stick to the healthier financial habits I've been forming. Maxing out my 401k should drop my MAGI below 66k, making me eligible for the full Traditional IRA deduction come tax time (will switch to traditional from roth this year for this reason). Between the 401k max, IRA deduction, and the standard deduction my total taxable income will be entirely in the 12% bracket and all that should save me around 5.7k on federal taxes (and more at the state/local levels). The percentage of my salary I save, on paper, is 67%, and I would like to get that above 70% by reducing the cost of food and utilities if possible. + +So yeah, if you made it this far, hopefully there was something helpful or interesting in there. I would love any suggestions, feedback or constructive criticism and, while not an expert by any means, if I can help or answer any questions feel free to ask! + +TL;DR - relocated and changed some spending habits to climb out of debt and into the FIRE. +**TL;DR** - do we need to be more honest as a community that many of the goals and “how do I get to x” ideas on this and FIREUK are probably only achievable by a tiny minority, and the rest of us may as well get ready for life style adjustment to state pension with minimal top up? + +———— + +I follow this sub and r/FIREUK a fair bit, and I’m starting to wonder whether almost all questions about progress and ‘what should I do’ could potentially be answered with either: + +* forget it you’re too poor, buy lottery tickets; or +* make sure you’re on £xK a year with average y% annual increases from age Z or you’ll be too poor and may as well buy lottery tickets; or +* well of course you’re basically there already just focus on your SWR. + +I want to try and prove this with some kind of visual, unless someone has already done it. + +Basically, if we strip out things like: + +* inheritance +* significant gifts + +And just focus on the example of: *person just out of school in late teens / early 20s* then surely it’s simpler to extrapolate? + +Example: + +* the pension has a maximum size, so surely we can work backwards with minimal buffer and say if you want a meaningful income from that source, you’ll need to be earning at least X by Y. Unless your income wildly fluctuates over time, which it could, but at least those *who need it to wildly fluctuate upwards before Y* will know this, and faffing about for low interest on low balances can be seen as practice more than anything useful for the big goal. +* retiring early should be even easier. You want to retire by 50/40/35/27? It’s going to have to be ISAs, max it every year and the maths is simple. How are you going to max it every year? You need to be earning a fair amount to do that whilst also paying for life, even if you are frugal. +^(--edit: excellent thorough compilations of FUD, thanks to) u/An-Onymous-Name ^(for the links:) + +* [^(https://reddit.com/r/Superstonk/comments/mnjqpw/dont\_forget\_what\_they\_did\_a\_running\_list\_of\_fud/)](https://reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) +* [^(https://reddit.com/r/Superstonk/comments/n8mizw/here\_is\_a\_complete\_compilation\_documenting\_the/)](https://reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) + +# January/February: + +* RobinHood drama preventing GME/AMC/BB, etc. purchases. +* WSB's Discord server banned for "hate speech." +* Reddit going down during the January run up. +* Shill's hostile takeover of WSB after the price tanked to $40/share, and honestly, I think this one was the most effective and had the potential to ruin everything since a lot of us had no idea wtf was going on. But we all held during the confusion and thankfully had DFV to guide us when he doubled down (if only I could go back in time and do the same at the $40 dip, and now the word is that the dip machine is broken lol). +* Citron Research pumping news about GME going back to $20 fast and that retail doesn't know what the hell they're doing. + +# February: + +* Anyone remember those corny ass posts shills made of some lowly employee "overhearing the top execs of a "large" hedgefund, blah blah blah?" Talk about cringe. +* SLVR pump and dump. + * Then our endless $ASS and $CUM mentions made the bots start promoting those tickers, which proved there were shill bots actively trying to manipulate apes, some even had broken codes of, "Hi, I'm <*insert\_name*\>". +* Weed stock pump and dumps. +* $RKT pump and dump. +* All the gain porn intended to make it look like the squeeze was squoze. +* CNBC paid advertisements promoting fake stories about Melvin closing out of their short positions. +* Random "concerned" citizens reaching out to apes to try and make them sell. +* CRYMER crying about apes (this happened in the background 24/7 into the present, he's just switched his angle now). +* **Suicide profiling of high profile ape accounts providing excellent DD and other contributions to the community.** + +# March/April: + +* "You guys will be **crushed** by the taxes." Lmao ok. +* GME mass exodus to r/superstonk happened around this time I believe, late March, possibly early April due to moderator drama in r/GME. +* BS "Feel good" sob stories with an extremely low floor. +* Pitting apes against each other and trying to cause distrust between X, XX, XXX, XXXX, etc. holders lol. +* Q-Anon accusations and calling apes a cult. +* Endless news articles titled, "Forget GameStop..." +* Attempts to get apes to submit endless comments on the new regulations in order to get it held up in confirmation, as each comment must be reviewed before approval of the regulations. +* MarketWatch reporting the March price drop 10 minutes before it happened to cause a mass selloff. +* "#IamGME" posts trying to get people to reveal their identities. + +# April/May: + +* Voting drama +* Online users count +* Moderator drama +* General price anchoring +* Cryptocurrency markets down trillions +* AMC's price manipulation to make GME holders FOMO into AMC and trying to create animosity between the 2 groups in general. +* A bunch of people suddenly running into old "investment managers/advisors" trick. +* CRYMER suddenly trying to be pro-retail after months of ridiculing retail investors and decades as a career fraud trader, his ultimate goal is to paint retail investors as a collective unit that manipulates markets to have the SEC fuck us over--fuck you Cramer. +* SLGG merger +* Glacier Capital bankruptcy +* Shills impersonating apes in other subs to make us look bad + +# June: + +* **Mod bashing and general FUD attacks due to misunderstandings and drama during the SuperStonk YouTube channel's livestream coverage of the GME shareholder's meeting on 6/9/21** +* **Wendys and CLOV pump and dumps** +* **Vote count FUD** + +# hold, buy the dip, nothing else matters, ignore the FUD + +^(--edit: adding to the list, if I've left some out, please comment below and I'll add it to the list above--edit: added weed stocks + RKT pump and dumps, fake gain porn to make it look like squeeze was squoze in February, SLGG merger, Glacier Capital bankruptcy.--edit: added some more user-suggested ones for March, April/May--edit: added suicide profiling FUD, thanks to) u/Jinglefruit ^(for this one) + +\--edit: updated June +These proposals are most important for fair regulated markets in the future! + +It only takes 5 mins to submit a comment! + +Dr. Susanne Trimbath, Dave Lauer and Gary Gensler want us to submit a comment on upcoming sec rules! This is how we can win this game! + +[https://www.sec.gov/rules/proposed.shtml](https://www.sec.gov/rules/proposed.shtml) + +We wont have this chance for ever!ACT NOW! + +Also BUY - HODL - DRS - SHOP and fuk Hedgies! + +We wont back down! No matter what! + +edit: also visite \~We the Investors\~ and show them our love! +[https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2](https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2) +YES! you read that right, ever imagined why when you wanted to buy something or something you have talked about comes as an ad in future times? + +Suppose you wanted a TV and you were talking about this to your family or friend or maybe you had searched about TV in your browser, you would have definitely come across An ad relating to it. + +I bet you have faced at least one, either it comes as an add in YouTube/google search or it will come as an ad in Facebook as post. + +^(Might go little deep so could be lengthy) + +**This is because Facebook and Google actually collects all your data** + +This is called Data Mining + +Data mining is the massive collection of users’ data, which is analyzed to find patterns. Corporations like Amazon, Google, and Facebook use the analyses to make more sales by selling this data to companies, who then throw ads in your direction in hopes of you clicking on it and buying their products. + +**How much money do corporations make from your data?** + +Depending on your search results on Google, what you like and share on Facebook, you could be worth as l**ittle as $2**. If we took global earnings from Facebook and compared it to the number of users, on average, each user is worth **around $30****.** + +&#x200B; + +**So the real question how would it make you rich in crypto?** + +now we come to that part were we look at the statistics + +A stat say that in every hour Approximately 5 MB of information*(taken from google)* about us are being collected by The mentioned companies if they have been installed on your phone or anything which supports them. ^(Mainly android because apple is very strict regarding tracking.) + +so going into the math behind it + +1 hour = 60 minutes + +1 MB = 1024 KB + +5 MB = 5000 KB + +So in a day they collect around 5000 \* 24 = 120000 KB of data are being collected + +so if they had to pay us 0.00001$ each KB, in a day you could have got - + +* **1.2$** a day that's equalent to **0.000031 Bitcoin** +* **36$** a month that's equalent **0.00094 Bitcoin** +* **436$** a year that's equalent **0.011 Bitcoin** + +You see the....... you aint poor, you just rich intangibly + +you have the purchasing power to buy a Bitcoin but unfortunately you cant , + +if you had DCA'd these money with proper management you might be worth at least 1000$ by now + +BUT THINGS DID CHANGE AROUND- + +For example Brave browser , that thing is Google Chrome on Steroids, It shows ads but also rewards us with BAT , eventho its nothing much as a reward but hey we are getting something in return. But i love how it works + +Then after all the fuzz about facebook, facebook launched Facebook Study to pay us huge for our data + +i had it for a month, installed the app and got 5$ literally for nothing via paypal + +now google has its own rewarding system but it is reserved to just its recommended members. + +so yeah thats it. + +Edit : THE WORD 'COULD' IN THE TITLE IS THERE FOR A REASON. +https://www.citizensadvice.org.uk/debt-and-money/help-with-debt/dealing-with-your-debts/work-out-which-debts-to-deal-with-first/ + +>This is a priority debt because you could be fined by the magistrate’s court if you watch TV without a licence. + +But from my understanding, although you can be fined by a court for watching TV without a licence, they can't really prove that you have done it. The TV licence collectors would have to enter your house to gather evidence, but they can't get into your house unless you let them in. Technically they can obtain a court warrant to enter your house but they need to convince the court that they have reasonable suspicion, and trying to obtain a warrant is way too much effort for them anyway. Overall no one should be worried about being fined for not paying TV licence. + +If my understanding is correct, then the information from Citizens Advice is quite misleading and can create more troubles for those in debt since they should've used the money to deal other more important debt first, rather than some stupid TV licence +Hi all, I have an almost 5 year old with an intellectual disability and I want to get her started with basic money concepts. I bought her a “spend, save, share” bank for Easter and would like a book to go with it. I have searched the wiki and did a search of the archives and haven’t found much that’s relevant. I mention the part about the ID because she’s probably more like a 3 year old in terms of concepts but she’s very interested in money so I figured we would start now. Any books you can recommend? Other ideas about how to talk to a very young child about money would be helpful! I think doing this early and often will be our best bet in helping her to manage her finances independently one day, which can be a challenge for people with her particular disability. + +Bonus question: I saw info about the 30 day challenges in the wiki. Are we still doing that? +### TLDR: + +Simplex Trading LLC is the last remaining financial entity listed in the Bloomberg Terminal’s [list](https://www.reddit.com/r/Superstonk/comments/psrrg2/21092021_gme_bloomberg_terminal_information) of PUTs for GME maintaining a file date for their positions of **3/31/2021**. They also hold the largest number of PUTs (80,702 contracts), twice as many as second in line Susquehanna, and are the highest percentage out (10.550%) among those listed. All other PUTs have since been re-filed on **6/30/2021**. + +I believe these dates indicate historical Collateralized Loan Obligation (CLO) activity associated with GameStop and provide an indication of what to expect as we move towards **9/30/2021** and onward. + +### Background + +In January, February 2021 $126.6 billion of loans were said to have been repriced ([S+P Global - March 12th, 2021](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/quick-take-us-clo-refinancing-and-reset-activity-surges-63108875)). + +Archegos was liquidated between March 12th and March 26th, 2021 ([Credit Suisse - July 29th, 2021](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf)). It’s been said that the firm turned **$10 billion into an estimated $100 billion** worth of assets ([Bloomberg - April 3rd, 2021](https://www.bloomberg.com/opinion/articles/2021-04-03/the-number-of-the-week-is-100-billion)). + +> “Typically, for new-issue transactions, the CLO debt tranches are collectively 10 times the size of the notional amount of the equity interest.” - https://www.stout.com/en/insights/article/primer-valuation-clo-equity-financial-reporting + +On March 26th, 2021 the Fed reported a daily Reverse Repurchase amount of $11.4 billion. By March 31st, the daily Reverse Repurchase amount skyrocketed up to $134 billion. An increase of $124.297 billion. ([St. Louis Federal Reserve - RRP Chart](https://fred.stlouisfed.org/series/)). This was notable because the Fed’s RRP activity had been effectively dormant until this uptick. + +### Hypothesis + +As evidenced by the volume of CLO repricing in Jan/Feb, the end date of the Archegos liquidation, proportion of equity compared to total Archegos assets and uptick in RRPs on March 31st, 2021 my reading leads me to believe that Archegos was more of a CLO Manager than Family Office and that some of their positions (illiquid investments in junk-grade CLOs) were auctioned off and then repriced to SOFR at the end of March 2021. + +Historically CLOs were priced off 3-month LIBOR but, out of concern the benchmark was being manipulated by financial institutions, the Federal Reserve is in the process of transitioning CLOs to their own rate called SOFR that is based on the daily RRP amounts ([Bloomberg - July 8th, 2021](https://www.bloomberg.com/news/articles/2021-07-08/growing-clo-market-has-a-libor-transition-problem-on-horizon)). + +9/30/2021 is 3 days away and represents the 2nd-ever quarterly refinancing of CLOs after the formal recommendation of SOFR was made by the Alternative Reference Rates Committee ([AARC](https://www.newyorkfed.org/arrc)) on July 29th, 2021. + +There is a process called “Warehousing” in the CLO world where “CLO Managers purchase initial collateral before the closing date” which typically lasts 3-6 months ([Pinebridge - September 19th, 2019](https://www.pinebridge.com/en/insights/clo-beyond-the-complexity)). + +**9/30/2021 represents the 6-month mark since Simplex filed their 80,702 PUT contracts**. + +GME close on 3/31/2021: $189.82 + +GME close on 6/30/2021: $214.14 + +GME close on 9/30/2021: ??? + +### Conclusion + +While many of my posts have historically shied away from dates I believe the evidence here is too clear and strong to avoid mention. Worth noting 9/30/2021 is just *a* date and, given the fact the average tenor of Archegos’ contracts was 24 months, there could be many other interesting ones as well. + +Just a Retail Investor, not a financial advisor. +# + +https://preview.redd.it/l43ds8jiabg71.png?width=1600&format=png&auto=webp&s=1922a5795f8a72b7e8d4757eba6c3878055069e7 + +# [Gooooooood Moooooorning Superstonk!](https://www.youtube.com/watch?v=AwSra5p8MDw) + +&#x200B; + +It is a wonderful day to be up and in the jungle! + +&#x200B; + +Get up off your butt, do 3 sets of 5 pull ups, flex into the mirror and say "GAWDDAMN I'M a sexy BEAST!" + +&#x200B; + +# [Reverse Repo is just chilling there under $1T](https://www.reddit.com/r/Superstonk/comments/ozb3u3/daily_reverse_repo_update_0806_952134b/?utm_medium=android_app&utm_source=share) + +In the event my goldfish brain forget here is [Reverse Repo explained](https://www.reddit.com/r/Superstonk/comments/owwk1p/the_rrp_number_is_incredible_but_what_does_it/h7iv86i/?context=3) in a way even I can understand. If it keeps doing this I may have to grow a wrinkle and write something new here.... + +&#x200B; + +# [Treasury is at $466B](https://www.reddit.com/r/Superstonk/comments/ozecaq/daily_treasury_balance_update_for_0805_466b_39b/) + +Looks like a drop of $39B. I wonder where it will be after the weekend! + +&#x200B; + +# [Last night Gold and Silver both took a nosedive](https://www.reddit.com/r/Superstonk/comments/p0oyp6/gold_with_a_fast_drop/) + +Usually these are indicators of someone liquidating assets. I wonder if Marge dropped a friendly text prior to calling someone. The crypto market also tanked. I wonder if there will be news today of some bank dropping/closing/restructuring. + +# [Watch this video and grow some wrinkles](https://www.reddit.com/r/Superstonk/comments/p0le8y/posting_this_everyday_until_moass_because_hedgies/) + +Through the dark side of the looking glass. I made it part way through before pizza got here last night and I got distracted. I will do my best to finish it today. Y'all should do the same. It is a lot like a college lecture except you can rewind and aren't reliant on notes from that one kid who will tell you wayyyyyyyyyy too much personal information. + +# [A GME in hand is worth two to Citadel](https://www.reddit.com/r/Superstonk/comments/p0lmzw/how_to_direct_register_shares_for_infinite/) + +That is that classic saying right? A time tested strategy against speculation. Count what you have on hand and let that be your true worth. If you want a cool piece of paper for the infinity pool here are some instructions for different brokers. + +# [SEC is dropping Millys](https://www.sec.gov/news/press-release/2021-146) + +Dolla dolla bills to some more whistleblowers. Does anyone have a total yet? I wonder if they will buy GME come market open? I wonder how much information GG is getting from the people who were ~~paid off~~ rewarded back in January. + +# [Let's Tie Together a Year of Economics and Pandemics!](https://www.reddit.com/r/Superstonk/comments/p0n06y/covid19_the_cares_act_and_undeniable_greed_the/) + +PPP money was used to pay off companies that were short GME and not actually for the people. (surprised Pikachu) Great charts and tables u/Freadom6 In summary: "31 companies invested in GME received **$24.37 MILLION**. At that time, with share prices under $5..." Tick Tock there Kenny and the Shorties. + +&#x200B; + +# Now for the memes and y'all were on FIRE this weekend: + +[https://www.reddit.com/r/Superstonk/comments/p0n52b/cant\_stop\_wont\_stop/](https://www.reddit.com/r/Superstonk/comments/p0n52b/cant_stop_wont_stop/) + +[https://www.reddit.com/r/Superstonk/comments/p0b5u4/the\_narrative\_to\_get\_boomers\_against\_us/](https://www.reddit.com/r/Superstonk/comments/p0b5u4/the_narrative_to_get_boomers_against_us/) + +[https://www.reddit.com/r/Superstonk/comments/p0ipbp/cant\_wait\_to\_rub\_it\_in\_their\_faces\_just\_how\_wrong/](https://www.reddit.com/r/Superstonk/comments/p0ipbp/cant_wait_to_rub_it_in_their_faces_just_how_wrong/) + +[https://www.reddit.com/r/Superstonk/comments/ozaszy/no\_dates/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/ozaszy/no_dates/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oz48dp/are\_you\_sure\_about\_that/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oz48dp/are_you_sure_about_that/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oz87bs/too\_smooth\_for\_charts\_on\_fidelity\_too\_averse\_to/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oz87bs/too_smooth_for_charts_on_fidelity_too_averse_to/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oz3y2u/how\_we\_got\_to\_own\_5x\_the\_float\_next\_step\_is\_10x/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oz3y2u/how_we_got_to_own_5x_the_float_next_step_is_10x/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oza37w/cant\_we\_all\_just\_get\_along/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oza37w/cant_we_all_just_get_along/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oz2lg0/gmes\_entire\_float\_is\_70\_million\_40\_million\_a/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oz2lg0/gmes_entire_float_is_70_million_40_million_a/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oz58vb/the\_billy\_knows\_the\_way/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oz58vb/the_billy_knows_the_way/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oz3hg7/a\_lot\_of\_reasons\_to\_get\_jacked\_jacked\_to\_the\_tits/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oz3hg7/a_lot_of_reasons_to_get_jacked_jacked_to_the_tits/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oz5k5a/do\_you\_know\_who\_owns\_the\_float\_diamantenh%C3%A4nde/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oz5k5a/do_you_know_who_owns_the_float_diamantenh%C3%A4nde/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oza5bz/its\_gotta\_be\_such\_a\_shit\_show\_over\_there\_right\_now/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oza5bz/its_gotta_be_such_a_shit_show_over_there_right_now/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/oz4rjf/somebody\_get\_gg\_an\_abacus\_well\_figure\_this\_out/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/oz4rjf/somebody_get_gg_an_abacus_well_figure_this_out/?utm_medium=android_app&utm_source=share) + +# Annnnd mine and RC's favorite: + +[https://www.reddit.com/r/Superstonk/comments/ozgnr4/schoolgirl\_moment\_rc\_shared\_my\_victoria\_secrets/](https://www.reddit.com/r/Superstonk/comments/ozgnr4/schoolgirl_moment_rc_shared_my_victoria_secrets/) + +&#x200B; + +I apologize for no pictures and being brief. It was a long weekend... Keep in mind I am the furthest thing from a financial advisor. All this is just some silly school boy writing on a desk. + +# [EXCELLENT!](https://giphy.com/gifs/ifc-80s-bill-and-ted-excellet-l46CDHTqbmnGZyxKo) + +&#x200B; + +We don't care, just be nice and let's make this community as Excellent as we can! + +&#x200B; + +A few wrinkled-brained apes for quick post history access: + +u/DeepFuckingValue (dont need to explain) + +u/atobitt (DD) + +u/Criand (DD) + +u/peruvian_bull (DD addict) + +u/Parsnip (German Market Guy | Diamantenhände) + +u/DR7KE (scales Treasury Balance Guy scales) + +u/pctracer (Reverse Repo Market Updater) + +u/JTH1 (Floor Guy Stonkdate) + +u/mr_boost (Ape News Network | Sign Guy) + +u/gherkinit (Daily Technical Analysis)users worth noting: + +&#x200B; + +Thank you to the mod team!! Thank you to YOU ALL BEAUTIFUL APES! + +&#x200B; + +Remember not to to give your password or log in information to anyone. If it seems suspicious don't do it! Phishing attacks have become more common across all platforms. + +&#x200B; + +As always we are here from all different walks of life and all different countries. This doesn't matter as we are all apes in here, and apes are friends. We help each other, we care for each other. Ape don't fight ape, apes help other apes! + +&#x200B; + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. BUY and HODL. + +&#x200B; + +Please let us know what you think of the format! There are some great people working behind the scenes to make this happen! + +&#x200B; + +Okay that is all for now smell ya later! +Sometimes it feels like you just aren't doing enough and can't see the light at the end of the tunnel, so I thought it might be fun to share some stories of people you've met in your life who make terrible financial decisions. +Perhaps it's something large, or maybe lots of small things that add up. You know things like the girl you used to work with who thought a credit card was literally free money and didn't realise her parents paid it off every month. Or your old school friend who bought a new BMW because he could technically afford the payments on that apprentice salary. + +Note: I don't want this to get mean, just a way to share some stories and remind us all that we're doing a lot better than some others out there. +Yahoo Finance on Aug. 3, 2022: + +https://ca.finance.yahoo.com/news/7-million-retail-investors-left-091835872.html + +Well done, autists. + +You make me proud. + +Now let's get that number up to 10 million. + +Calls on Wendy's chicken burger sandwiches. +I keep coming back and commenting this over and over, hoping more people take heed. Decided to finally make a post in hopes a few people will read it. + +This dip is NOT about the FOMC meetings or heightening tensions with Russia. Those are short term catalysts. + +The real problem is inflation. + +# 7% CPI and 10% PPI is a financial crisis. + +Everyone with a formal education in economics and finance knows it, but they are not going to say it because panic from the top won't help anyone. AND RIGHTLY SO. + +I swear to God 90% of the investors and traders on reddit don't understand the basics of monetary policy and the risks associated with compounding inflation. + +You have to understand that our entire central banking system, and government financial structure is all based on controlling price levels with interest rates. + +If inflation runs away, interest rate hikes are the ONLY proven tool to get it under control. + +We have not seen this shit in 40 years, and last time we did interest rates had to go to 20% in a "shock and awe" style monetary tightening. + +Everyone who knows anything about public finances knows that we will all be cavemen if interest rates go to 20%. That means we cannot do that again this time. And THAT means we have no idea how to stop this inflation if it doesn't stop itself. + +*EDIT: Added some comments to prove the above point. Here is a source for the reality of the US debt situation, and what will happen if interest rates return to their historical mean of 5%. This is from a report written by the non-partisan US congressional budget office. and it was written BEFORE the stimulus packages were passed and accounted for. These are projections for the relationship between debt and GDP. This is NOT a graph of absolute deficit levels. This is a graph of the US government going bankrupt if interest rates go too high.* + +[Full report here: https:\/\/www.cbo.gov\/publication\/56977](https://preview.redd.it/dnibpudq2qd81.png?width=1428&format=png&auto=webp&s=58e84f52c1e56d9b4b6fd50005c73fcbcc80e451) + +The above graph explains to you in one image why the US government cannot and will not raise interest rates meaningfully. *(But there's even more reasons than that. A lot more.)* + +THIS IS A MONETARY PICKLE OF DILDO PROPORTIONS. + +Until inflation comes down materially, do not expect the markets to be anything but bloody. + +**Inflation started taking off in March and April of last year. Watch for the month to month changes to start flattening then, because we will be comparing to an already increased month in 2021.** + +&#x200B; + +https://preview.redd.it/z67utvy9eod81.png?width=1920&format=png&auto=webp&s=bcaaf59b5ef8dbbc2e36699829aaca1493c9d6fa + +**Conversely, if we are still getting increasing monthly YOY reads (7%+) on the March and April numbers (which are reported in April and May respectively), that is when all hell will break loose, because it will be an indication that the fed is genuinely losing control.** + +PAY ATTENTION TO INFLATION, AND LISTEN TO HOW MANY PEOPLE ARE TALKING ABOUT IT IN THE REAL WORLD. + +My biggest fear is that posts and memes about inflation are going to take over social media, and when the whole world is talking about inflation, its going to cause even more inflation by driving up people's inflationary expectations. + +Hyper inflation is caused by inflationary expectations leading to more inflation, which raises inflationary expectations... which guess what? Causes more inflation and increases inflationary expectations further. + +At some theoretical point people are going to lose their shit when they feel this in the real world - maybe its gas at $10 a gallon? Maybe it's $15 bread? I don't know the threshold for real world panic, but can you see the risk here when you dump this gasoline on facebook, twitter and tiktok? + +\-- + +*Positions since Dec 2021: Physical Gold. Physical Silver. PHYS gold ETF. Enough cash to pay my bills.* +Nothing huge here, but I just wanted to share a thought that the recent market behavior feels eerily reminiscent of the recent market in January 2018, with the exception that we are not coming out of a low volatility environment like we were back then. We get a lot of discussion of comparisons to 2000, but I wanted to bring up a more recent time that feels quite similar. + +**Just Some Anecdotes & Similarities** + +* We are seeing some very notable divergences in the market, where the leaders are making up all the attribution of gains, and the laggards are falling further and further behind. This frequently precedes significant drawdowns. +* We are coming off a period where the dollar going into a notable downtrend in relatively quick fashion, and then started to either form a bottom or consolidation. This too happened in 2018 - dollar strength tends to be risk off, and dollar weakness tends to be great for risk assets. +* Treasury bonds and other bonds starting to under-perform significantly after a strong upward run where they were previously strongly correlated with risk assets. +* Volatility starting to grind higher ***despite*** the fact that markets are similarly moving higher. +* Put to call ratio hitting extremely low levels at a time when stocks are strongly overbought. +* Record lows in short interest in major market indexes + +Thing is, just like 2018, I can easily see markets continuing to grind higher for at least a little while, and we're clearly not going to see a blowout in a VIX ETN like we did back then. But to say that things feel really stretched right now is a massive understatement. + +There are a few other items I've been picking up on, but they probably aren't really worth discussing here. +I am interested in learning Python to code to automatically execute my trades using Interactive Broker. Can someone point me to a good direction for a beginner. Let me know. Cheers! + +&#x200B; + +Additional questions as of September 5, 2018: Does someone have experience trading manually vs. algo? I feel that the the strategy implemented for algotrading has a smaller margin than say swing trading. What are your thoughts? +I've been programming in python for 4 years and have been looking at algotrading for some time now but haven't read any books on the subject to get myself started. What are some good books that teach strategies, books that teach how to algotrade \(what apis to use, how to set up my trading environment, etc.\) etc + +Thanks in advance +Alright you fellow rehtards, I just want everyone to know that this is just day 1. + +We aren’t middle aged dads that are going to get pushed out of our positions to fund some child’s education. No- we are going hold until we can send those children to wherever the fuck they want to go in a new lambo. Or yolo into GME if kids are too expensive in November when the BBBY squeeze is done. + +A quick look at the option chain tells a quick story that everyone is expecting more, much more, $80 more. [Cohen’s Option chain abuse](https://www.reddit.com/r/wallstreetbets/comments/wjdpgh/bbby_look_at_this_jacked_option_chain/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[GME squeeze day 1](https://imgur.com/a/H1vZAjL) +Here is an image back in January 2021 day 1 of the GME golden age. Same price action as BBBY today. (Look at Jan 25 before your blind ass comments) + +My positions: +650 shares at 7.66, +45 $80c Jan 2023 + +Don’t listen to the fake media and fake posts getting 30 awards in the first 5 minutes. We don’t loosen our grip on their nuts while they squak and scramble funds before being margin called. Today was just the first taste while they determine to close their shorts or wait out the storm. Tomorrow we go higher. + + + +I just hope this sees enough so we don’t start fuckin panic selling. But not enough so some other reitard positions and bans me forcing me to do more fucking work on this subreddit. +For a few years now I've gotten a check from IRS for a miniscule amount after my taxes are handled and my returns already come. I believe the very first check was for $1, and today's was $2.51. I never cash it because I think it's funny and cool and obviously I can live with out the money, but does anyone have a clue what these checks are for? Why not just wrap that amount into my return? +Paying around £600 in debt per month while earning £1500 + +49 very +69 aqua +50 118 +30 gym +50 phone +150 Loan +32 insurance + +I’m currently living at home, it feels like moving out is almost an impossibility for me and I feel so far behind everyone else I want to cry. + +Any advice guys? +The cool kid that bags my groceries is doing 300% a month in penny stocks. He thinks this is "normal." + +I guess we'll ride it out. But this can't go on forever can it? Guess with Spacelink, million of more users online. :-) +I have received my letter from Craig Wright's legal team, you can see all four pages here: + +[https://twitter.com/PeterMcCormack/status/1116733748794540033](https://twitter.com/PeterMcCormack/status/1116733748794540033) + +It is pretty much the same as the other letters they have issued. I think it is important and within the public interest to see how they are bullying people for challenging Craig Wright's claims to be Satoshi Nakamoto. + +By claiming to be Satoshi and pushing a fake version of Bitcoin, I believe this is a fraud and people will be led into investing into the shittest of shitcoins. + +Fuck Craig Wright, long live Bitcoin! + + +EDIT: I take the letter very seriously and have issued my formal response: [https://twitter.com/PeterMcCormack/status/1117448742892986368](https://twitter.com/PeterMcCormack/status/1117448742892986368). +**Pennystock Companies with crypto exposure that I'm very bullish on:** + +**Cypherpunk Holdings Inc. (CSE:HODL OTC: KHRIF)** + +* Cypherpunk Holdings, Inc. engages in the investment in technologies and crypto currencies with strong privacy. It currently hold investments in the following companies: Samourai Wallet, Hydro66 Holdings Corp., and Chia Network. **Currently a Top-10 largest public holder of Bitcoin**. + +**Ault Global Holdings (NYSE: DPW)** + +* Diversified holding company acquiring undervalued assets and disruptive technologies with a global impact. Currently has exposure to Bitcoin mining assets and will provide business loans collateralized by Bitcoin and Ethereum. + +**BIGG Digital Assets (CSE: BIGG OTC:BBKCF)** + +* BIGG Digital Assets Inc. owns, operates and invests in crypto businesses that support and enhance a compliant and regulated ecosystem + + +&#x200B; + +Any Insights or Recommendations? Please comment below +Good Morning Superstonk! + +Happy Friday! + +I'm feeling pretty excited about today yesterday we closed up 13.96% as I told my wife's boyfriend that's almost 14%. I know, maths. I think everyone can breath a little easier today as of now GME is down only $318.5 from it's all time high! :)\^\^<! + +On a more serious note, it appears they are now targeting retail with margin calls. This is pretty serious as another [redditor](https://www.reddit.com/r/thetagang/comments/nblsvz/why_am_i_getting_margin_called_for_250k/?utm_medium=android_app&utm_source=share) showed they are not being very careful with these margin calls. It seems they are trying to throw retail under the bus, first, as they scramble to improve their own positions. These mistaken margin calls remind me of the events that occurred With Alex Kearns last year. 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. [Learn more](https://suicidepreventionlifeline.org/) + +Lastly as price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below. + +If you want to find out where your wife's boyfriend's VWAP is check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial) + +For our live audio feed the [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# Weekend Wrap-up + +Thank you all so much for hanging out in here this week. Here are are closing stats for the day + +https://preview.redd.it/j8lanwkw65z61.png?width=726&format=png&auto=webp&s=91390728e9b01d65795f646ff00501bc35e200cc + +This is the first time in awhile that we have closed a week above max pain so that was pretty exciting. I kind of thought we would fight for 162.5 all day while we consolidated after yesterdays upwards action. But we broke through the end of that wedge we are now currently forming a nice bull flag on the 4hr and I will have more information on why I'm bullish in my forward looking DD coming out this weekend on reddit and later on my YouTube (in video format). Thank you all again so much for the support and love. You guys have made these last 3 weeks so awesome. + +\- Gherkinit + +Edit 8 2:57 + +Neither side winning going into power hour. 3.62 million Volume. Hopefully we'll see some action as the fight for max pain continues. + +https://preview.redd.it/x0c3nv04v4z61.png?width=910&format=png&auto=webp&s=de028b75dd1497747a9de09889a722620a38340b + +Edit 7 1:56 + +Finally something this weakness could pick up some steam as they attempt to drag us to max pain + +https://preview.redd.it/2jlmj0mgk4z61.png?width=1327&format=png&auto=webp&s=e054d347c1b6030495b4aacd91a28e31e9b3c9f0 + +Edit 6 12:48 + +Bounce at 160 probably retest 162.5 the volume is so dry + +https://preview.redd.it/hgve5ax384z61.png?width=1018&format=png&auto=webp&s=a444989bea0dc5f84811500366d1262121d61bb9 + +Edit 5 12:19 + +Failed to sustain support at 162.5 we could drop back to 157 although lack of volume indicates more chop + +https://preview.redd.it/j0npe7cy24z61.png?width=803&format=png&auto=webp&s=7b9fb7cf2cfb44f9821e64d14db87a1ac7995b91 + +Edit 3 11:54 + +The battle continues... + +https://preview.redd.it/da19ih8by3z61.png?width=985&format=png&auto=webp&s=1068ae4d87678dd94fa9d3a7725a5a53d806d39a + +Edit 2 10:18 + +Failed the test of 162.5 probably expect some short pressure to attempt to drive us below VWAP + +https://preview.redd.it/c9em7ncgh3z61.png?width=1184&format=png&auto=webp&s=ca668aaea6bc4a86bd49ff42431bfc27a378e50d + +Edit 1 9:45 + +Small dip at open it looks like today could be a battle of max pain and resistance at 162.5 a breakout to the upside above 162.5 would be good for us 700k. 160k shares borrowed to short. + +https://preview.redd.it/r3vkrp8xb3z61.png?width=858&format=png&auto=webp&s=5be39390b8bf53d18e15c724a16173d39810232f + +# Pre-market Analysis + +Not a lot of price action in the after market we hit a high of 167 and now trading just below 162.5. I suspect shorts will attempt to push us below that towards max pain @ 155 + +[After hours 5\/13-14](https://preview.redd.it/te4x74f1y2z61.png?width=1122&format=png&auto=webp&s=e5bfb0bd5feffd9dc6017c484af8dae9c258a5c7) + +We broke to the upside of the wedge yesterday in the exact time window I predicted on Wednesday :) + +[Big ol' Pennant](https://preview.redd.it/5l0wl4dpy2z61.png?width=1093&format=png&auto=webp&s=cc4bab40e11825df952ad28e56d5b49764b00457) + +Let hope that volume and volatility continue to work in our favor today as bottom and top Bollinger bands are now in the Keltner Channels and TTM is ready to go boom! + +[TTM Squeeze and BB\/KC Squeeze 1D Timescale](https://preview.redd.it/18p69qr5z2z61.png?width=1336&format=png&auto=webp&s=c778bfd7342a071880bb62c6b1745aaab6e8e1b1) + +Lastly MACD looks like it's about to have a nice crossover to the upside today as long as trends continue upward + +[MACD 1D Timescale](https://preview.redd.it/u8j7w8ycz2z61.png?width=1418&format=png&auto=webp&s=0b8312e9a53f03ae05da082a7c1445a1d944fd57) + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +I'm at a point now where I need to turn my money over to someone else to manage. I have reached a point where it's too much for me to deal with. I have several friends that use wealth managers, but I haven't liked the ones I've spoken too yet and don't like the fact I'll have to pay 1-1.5% of my money to an advisor. However, I do see where Personal Capital has their wealth management services and the fees are lower at .79% to .49% depending on the amount of money they manage. + +Has anyone here dealt with their advisors? Are they worth talking to? I don't want to pay anymore than I have to, but I also don't want a cut-rate service. Thought I'd check here for recommendations before I set up a call with them. +We must be over the target because shit is flying! First they gave us a discount on buying new shares, next they tried to hurt morale manipulating the DRS numbers, and now they are attacking the Sub. + +Why are there so many rules now!!!! What made the community effective was that it monitored itself. Perhaps it’s just me, but I’m seeing a huge increase in unnecessary MOD involvement guiding us on what can be discussed in to a decreasingly smaller box. Perhaps some former employees from the Bird Co got new jobs and hit the ground running 🇨🇳 + + “WE SHOULD BE ABLE TO POST WHATER WE WANT IN THIS SUB AS IT RELATES TO GME”, and as we sift through this tangled web to share information WE WILL find overlapping information. I love the purple rings…keep them coming, tinfoil hat shit…love that too…but don’t shut us down when we have information that has teeth because another sub happened to mention it lost in a comment of some post with 741 karma. +This is gonna be a long story about all the unfairness I observed and endured from the 1% both in corporate and the market. I'm sorry if it bores you, I saw that story from that dude that posted how his dad lost almost everything during 2008 and I wanted to share my own. + + +Sorry for my bad English. + + +Hello WSB, I last post around half a year ago on how the US Stock Market helped me get closer to my dream of being able to support my family with an average country wage of 150USD a month. + +I got a ton of encouragement and advices from everyone back then which I immensely appreciated. Now that the GME phenomenon has spreaded over the globe, even here (although we actually cannot help you guys without a lot of trouble like I went through, more below) + + +So to recap, I saved up 2000 USD ever since I was young uptil now (I'm 21 now), working ever since I was in elementary school, money was all I had in mind ever since our country got hit with the 2008 depression and my family was struggling. + + +Backstory: + + +I've always loved PC and paid close attention to it so when their new Ryzen series leaks start getting out in 2016 and I got to test them out while working part time, I took a look at their stock. It was trading at around 2 I think. + + +So with my excitement I was eager to join the market, I asked my uncle who was a stock investor and his reply was "The market is rigged, don't join it". I was stumbed. He lost a lot in 2008, maybe that was why. + + +So after a month of research, it appears there is no legit way for me to invest in the US market, or actually to any market aside our own. Our banks wouldn't even let us wire money overseas without a reason they deem acceptable. But here's the thing, the hedge funds here can. That was the first unfair thing I witness about limiting the little guy ability to get somewhere in life. + + +In the end, I couldn't find a way to get in and watched as AMD make it meteoric rise over the past few years. It was really depressing thinking back on how the profit could've helped my family. + + +Fast forward to 2020, I finally found a way to make a foreign account with TD and have a friend overseas that can help me fund the account, I just need to send him money through epayment. The fees was high, not to mention since we can't use ACH because we're transferring to TD from his account, it cost me somewhere a total of around 50 USD for the money to land in my account. + + +But after all that I managed to get into the market, I grinded through all the courses on TD and read all the posts from various subs. But life is never that smooth. + + +Around that time, I saw a post of a member on here using his profit to pay for another fellow member tuition. That inspired me, I wanted to do that so badly, first for my brother. + + + +The Beer Virus Crash: + + +I joined the market at Feb 28th 2020. Yes, right at the top before we drill straight through earth core because of the beer viruses. I almost lost it all, I switched between puts and calls as I see fit but in the end, I came out with 200USD left. I thought I was the unluckiest guy on earth. It was tiring, since we're on opposite end of the timezone, I usually finish school or work then trare until around 2 or 4am. All that and ending up with huge loss was devastating. Thinking back, I should've pulled out when I was seeing my money losing everyday. + + +The corona started affecting our country, we did a great job at handling it but I can tell my parents were fearing for their jobs. I put myself back together and get back in with my 200, slowly grinding up back to 2000. It was arduous but when I finally got back to breakeven, it felt amazing. Because I'm not starting again, I'm starting again with experience. + + +Sadly, by this time, my father lost his job due to corporate politics/dirty-play. I won't get into details but basically there was some bad people doing bad things to try to frame others, it's been going on for years. In the end, he was proven innocent but the corporate still let him go to "keep the image of the company". And guess what, he never get a job anymore no matter how many times he gets to those final interviews. We both know that it was because they made him as scapegoat and whenever a new company contact his old one, they would he put off. To them, it's much better to scapegoat one person than to say "We let a guy sabotaging our employees and company for years without being able to do anything". + + +After all the failed job opportunity he decided to give the stock market a try. It was going well. We don't have advance options and we also don't allow "legal" shorting here. But as we'll soon find out, it's only a rule for us commoners.. + + +Basically, shorting is not a thing here but hedgefunds or sharks can always call each other and borrow shares to short. I've witness quite a few short ladder attack. + + +And since we don't have options, we don't have the ability to buy puts to hedge our account but I am sure the big guy has their ways of getting them + + +You can tell by this point I have a lot of bottled up contempt for suits. + + +GME and the global movement: + + +And that brings us to this unprecedented time. I didn't get into GME soon enough (4 GME shares at 150 cost basis) my money was tired up in Spreade for BB and Nok expiring last Friday which was rather deep ITM (I had BB 21/22C and BB hit a peak of 28 last week). And as we all know, by abusing their power yet again, they tanked the price and those trades are now worthless. But I held GME, I held through their attacks when it tankee to 100 because you guys were holding with me. + + +So now all I have is 4 GME shares that I will hold until we can get back at them and WHEN, not if, we win, hopefully it will help me somewhat in investing in this market - that hopefully will be a lot more fair after all of this. + + +A lot of people I know are asking to join and I've been helping them setting up accounts on TDA or eToro. Etoro is faster to get started but they kinda suck. Since there are no way for us to get Fractional Shares (eToro been wonky), some of my friends are putting money together to hold one shares of GME on Monday. + + +I look forward to the day we win this, so many things are on the line, not just for our generation, but our previous and future generations, not just for the US stock market but for all market as well as everything unfairness in the world. In the end, we might win the battle of GME but still not win much from this war of unfairness but that's a start. + + +So to conclude this stupid long TEDtalk. You have reinforcement from everywhere WSB. Even from places that cost 2 months wages for a share. + + +Let's make them pay for what they took from us and my brother tuition also! 10k per share is not a meme!!! + + +TLDR: Poor kid from 3rd world country holding GME because suits treated his family badly. + +Position: Every penny in my name - 4 shares of GME + +BUY AND HOLD GME!!! - This is not financial advices. + +Edit: Oh wow this blew up much more than I expected. I've also received donation from many beautiful redditors on here. Thank you so much everyone, from the bottom of my heart! + +Let's get them on Monday! +edit: I’m getting so many notifications, i hate that I can’t get to you all! Thank you guys so much for taking the time to give me your advice and encouragement! I felt motivated already to do this, but you guys burned another fire in me to get this done. Thank you guys again! + +I currently have a car loan,5 year 11 percent interest rate with about 12,000 left on it that I signed off on in April. I also am about 6K in the debt from student loans. + +I currently live with my mom and one of my next goals was getting my first place. + +But then I saw a video about 401ks… I saw how much I needed to save and then I realized… I can’t possibly save for my future if I’m in so much debt. + +My currently salary is about 39K, and my new job I’m starting puts me at 50, with an increase to 70 in my 6th year and unlimited overtime for the most part. + +So while I’m still with my mom, I figured I’d go insane with OT to clear my debt instead of saving 15K for my first apartment my first year at my new job. + +Any advice? am I doing things wrong? do I have the right mindset but wrong execution? Let me know! +Of course crypto is in the shit right now. Probably fairly predictable given the world's issues and whether it's a bunch of macro factors or the whales manipulating markets I do see there's major problems. + +But... + +Why isn't the stock market receiving the same attacks and criticism? There's literal proof of manipulation, the SEC putting propaganda hit pieces out, 'blue chip' companies down more than 50% yet the media and most users on here think that's all fine? + + Maybe I should have posted in 'no stupid questions'...? +I'm finding it incredible just how many people in crypto are confusing the triple halvening/cliffening which comes with the merge and EIP-1559. I have seen multiple YouTubers (and not the shitty bybit link shilling, shitcoin pumping kind) and many people on Reddit thinking that the cliffening is happening in the next month with EIP-1559. The amount of misinformation is frustrating. People are going to look at EIP-1559's respectable change to ETH supply (but not dramatic like the merge) and claim "oOh, LoOk, EIP-1559 diDn'T MaKe eThEReuM DefLaTioNaRy!" When in reality, EIP-1559 was never going to make ETH deflationary except for when gas fees were well into the hundreds of Gwei, something which is unlikely to last now that layer twos are taking off. + +Anyway, let me clarify for anyone who is still unsure: + +- **EIP-1559** will reduce the ETH going to miners by an estimated 30% and burn most of the transaction fees going forwards (it will also make gas fees *a lot* more stable. No more guessing what to pay to get into the next block!). This means ~30% less constant selling pressure from miners and anywhere between 0.5 and 5% of the ETH supply being burned each year. Most likely about 1-2% of supply per year based on gas fees over the last year. This would still leave ETH with a net inflation rate of about 1.5-3%. + +- **The Merge/The triple halvening/the cliffening** or whatever you want to call it is the move from Proof of Work to Proof of Stake. To do this, we will be merging the ETH 1 PoW blockchain with the ETH 2.0 PoS blockchain (which currently is running in parallel and has no transactional functionality, just staking, so if you stake your ETH, you're moving it to ETH 2 and waiting for a future update to allow for full transactional functionality on ETH 2.0). This upgrade will result in a reduction of annual ETH issuance from 4.5%pa to 0.5%pa since miners no longer need to be paid for all of the electricity they waste when securing the network It is also worth noting that after the merge, Ethereum will be the most secure and most decentralised blockchain with its over 150,000 validators and greater security guarantees from Proof of Stake due to the ability to slash (punish) bad actors. When combined with EIP-1559, this will result in ETH becoming deflationary or "ultra sound money" since the fees burned through EIP-1559 will be greater in value than new ETH given to validators/stakers. This upgrade is currently looking like it will go live in Q1 2022. + +Finally, I would like to give my own 2 wei on the effects of these upgrades. For over a decade now the crypto market cycles have revolved around the Bitcoin halvings when the supply of new coins going to miners halves. This is important because miners are majority sellers. They have electricity bills to pay and so the inflation from new coins is almost always being dumped on the market. If halving this amount can consistently create a parabolic run, then what do you think will happen when Ethereum gets rid of it entirely? There will be no automatic sellers and what little ETH is given to validators will be less likely to be sold as stakers by nature are ETH holders and don't have electricity costs to offset. Meanwhile, ETH is still sitting at a middle ground ETH/BTC ratio compared to the low and its 2017 highs set in a time when ETH had no apps, no DeFi, barely any NFTs except crypto punks, ETH 2.0 and PoS were still a pipe dream and there were no layer 2 scaling solutions. At some point the market will realise the significance of this supply shock and the price will adjust accordingly. Until then, I will keep on stacking ETH. +Reading another thread and it got me thinking. + +I don’t really budget, per se. But, I guess I do have a natural understanding of my spending and I don’t have ridiculous tastes like a shopping addiction or getting table service at the club that would blow my income out the window. + +I used to track monthly spending for a bit, and I think it was more fun rather than necessity. But a lot of these budgeting apps are very finicky and assume everything happens on a monthly basis, so they end up in some ways just scolding for stuff you aren’t doing wrong. + +So, right now, I barely pay any attention at all to a budget and everything is hunky dory. Isn’t that supposed to be one of the benefits of being fatFIRE or on the path in the first place? I’d find it pretty annoying to be supposedly fatFIRE’d and yet sit there worrying about every bill that comes in. + +Wondering what you guys do. +I've been using Personal Capital for years to get a consolidated view of my holdings and net worth. However, it seems like it's starting to degrade a little so I'm looking for alternatives. For instance, I was getting stale and/or incorrect positions flowing into PC from my brokerage accounts. Also, I needed to reauthenticate the link for my bank account every time I wanted a refresh. + +Mint.com seems to be working fine now. It let me set up links to all my accounts. However, it's definitely targeted to the down market and I get annoying popups all the time for high-interest credit cards. Ugh. + +Is there a good tool anyone on this site can recommend for account aggregation? Something that is appropriate for HNW? I don't need a lot of advice - just a good tool that tracks my current net worth without throwing a lot of spam in my face. I'm willing to subscribe to something if it will offer an improved user experience over the free-tier tools. Thanks. +I have read a lot of the previous posts here about healthcare, but I'm not sure they exactly fit my situation. Throwaway account because I need to give some identifying details. + +* I'm in Chicago. + +* I have no friends, family, or coworkers connected to the medical industry at all. + +* 8 years ago I developed a painful condition that almost caused me to leave my career. I tried lots of doctors, but I think I may have been hampered by not having any idea what I was doing. I eventually gave up and figured out workarounds to live with my condition and work despite it. I could never get a doctor to actually give me a diagnosis, I kept having clean tests, which made me a difficult case and my doctors always seemed rushed. + +* Despite the pain I knocked my career out of the park and I'll hit my number easily in the next year, unless I get too sick/injured. + +* In the last few weeks I have developed a new, probably but not necessarily unrelated pain problem in a different area of my body. I have again gone for a few tests, all of which were clean. I'm getting flashbacks to my last experience, and I can't live with two problems like this. A lot of my life is already oriented around workarounds to my first problem. + +I'm wondering if I should try concierge medicine, especially since I felt like no one really had time to actually focus on my case. Spending the money is no problem. But concierge or not, in the other threads here the advice everyone keeps giving is to already have a doctor you trust to give you a recommendation in confidence, but I don't have one. + +Well, there must be at least one FatFIRE physician in Chicago in here right? That can refer me to a GP or concierge practice that is the real deal? Or at least tell me who to avoid? Maybe specific tips for when your problem is that you can't get a diagnosis? +&#x200B; + +https://preview.redd.it/4ru49fyral181.jpg?width=3267&format=pjpg&auto=webp&s=21a4e8495202f14760140dfbf1089fa2ed3e43e8 + +Institution % change in holdings rise but institutional ownership stays constant. For them to bring it from 140% ownership of float to 40% would be 63 million shares removed from institutions books. So they removed 63 million shares but % change in holdings only -20%. In order for for that math to work their position would have to have been at least 315 million shares. + +Obviously those aren't all reported or % of float would have been 500% instead of 180%. + + u/KenGriffinsBedpost +Hey guys, keeping it simple, but how do you guys find strategies to use when algo trading? If using an indicator how do we know which pair we use is best? I hate going on YouTube and finding these guys that promote the "secret" indicator strategies because I know they don't work. So in short I'm wondering where you guys learn which indicators work best? +For those who have tried algo trading, how much better or worse is your performance compared to the S&P 500? How does the time and effort invested in algo trading compare to simply putting money into an index fund? +More than just a beep when it fires a trade. I mean like if it needs 5 conditions to be true, it will let you know when it's got 4 and getting close on the last one. Or if it's price action, it might start flashing as current quote approaches the target. +A lot is said in this group about backtests succeeding yet being unreliable for predicting profitable live trading results. What about the opposite? Is it possible for a set of trading rules to lose money in backtests but be profitable while live trading? + +I work with a lot of traders who swear by their strategy but when developed algorithmically and backtested, the results are far worse than they claim. Of course I erroneously get blamed for not developing the strategy correctly but wonder if how possible it would be for a backtest to perform worse than live trading? +Been considering selling puts monthly instead of weekly, lowering stress level, etc… Want to continue to sell puts on Ford, even with the lower IV it appeals to me since I feel like it has a good upside over the next 2 years and happy to own the shares. + +But! Running the numbers, it seems like you leave a lot of money on the table selling once a month. Looking for what the reason is behind this. Here’s my example: + +(F) 7 Jan 2022 21 P - $0.57 +Selling this 4 times would result in a monthly total of $2.28, compared to: +(F) 3 Feb 2022 21 P - $1.33 + +In fact, to sell a single (F) put for ~$2.20, you have to go all the way out to the (F) 14 April 2022 21 P, or an additional 97 (!) days past the current 5 DTE cycle, or nearly 20x the number of days on the contract. + +Now for the obvious stuff. I know prices move and there’s no sure thing to sell for the same premium 4 weeks in a row, but that’s one of the reasons I’ve chosen a low IV boomery underlying. It also occurred to me that the low IV of (F) might actually be the explanation but I quickly compared it to a couple meme stocks (take AMC for example at about 121% IV) and the same holds true: weeklies have much higher per-day premiums. So why is this? +I know the strike gets adjusted, but does the number of contracts change as well? For example, a contract for a $400 stock is much more expensive than a $100 stock, all else being equal. If I wrote a 400c for $4.00 premium for example and it splits 4-1, the new strike will be 100c, but would the premium still be $4.00? If it drops, will the number of contracts increase as well? If not, what happens to the difference in premium, does it just disappear? Seems like this would benefit the writer much more than the buyer. +One outcome I haven’t seen discussed is that of a capital raise by GameStop. + +How would this affect the longs and the shorts? +I guess the shorts get an out of GME that cost less than the squeeze, and GameStop gets to shore up its balance sheet. What happens to those holding GME calls? GME CSPs? +I am considering doing this (selling puts and come CCs) full time for a living. So far it has been working out well and i feel i know the ins and out well enough to keep doing this. + +Just curious if anyone else does this and if anyone has any thoughts/comments/ advice. +I love strolling through reddit and reading all the crazy shit people make up about crypto as a whole they have zero clue on, all the same bullshit FUD you hear day in day out, we're so far from main stream it's crazy. + +If you ever think you're late, you really aren't, it's amazing how many people actually despise just us as people who enjoy or understand a bit about crypto. + +I don't give a shit what crypto you're into, Blockchains are going to change the world. +Dips like today are a natural, healthy part of the stock market. The market never goes up in a straight line. It zigzags, selling off when stocks climb too high too fast — and when the market contains too much froth and speculation — which creates buying opportunities as prices fall. + +I know: Looking at your portfolio on red days is difficult. So don’t! Do not look at how much you’re down in one day, or in individual positions. That data will only deject you. Rather, scroll down to the stocks you want to buy. Skip the painful part and go directly to the deals. + +And remember: all signs point to this market recovering from here, and then reaching over 4000SPX in the relatively near future. Most end-of-year projections from Wall Street have the S&P finishing 2021 around 4300-4500. That’s quite the yearly gain! We want to be in this market long-term, as vaccines roll out and the economy recovers and booms. + +So how to buy the dip? + +You should have a list of stocks you’re watching. Either these are stocks you want to own, or current positions you want to increase. Determine what entry point you want to buy. And keep an eye on our market support levels, which are 3850SPX-3775. Purchase a little bit at your price — or at support — to make sure you at least start a position, in case this dip is on the shorter side. From there, buy in tranches on the way down. Never buy all at once. Buy a little bit during the morning, afternoon and before the closing bell, to make sure you get a range of prices, including whatever turns out to be the best. + +And always assume the dip might last another day or so. Save some money for future, deeper selloffs in the days ahead, as the market goes through the volatile motions of a healthy selloff. Just as the market never goes straight up, it also zigzags on the way down. Give yourself the opportunity to buy over the course of several days. + +Buy the dip, and then thank yourself in the weeks and months ahead as these positions push into the green. That’s what’s worked for me. Do the bulk of your buying when other people are selling. + +**Obviously: I am not a professional financial advisor and this is not professional financial advice.** +You know that moment when you look back and wonder: what the f\*\*\* I was doing, spending too much time in front of the screen? That’s me right now! + +I’ve been interested in several investment topics since I can remember and only now I can finally realize I didn’t need that overwhelming amount of information. + +If you value your precious time, stop right now and pay attention to a piece of honest advice: several **proven** cases show that you just need a tiny fraction of financial data to build a conservative strategy, reducing your risks on stocks for the long run. + +I know some of you truly enjoy deep analysis of companies, however, I’ve got some suggestions for your time: go to the gym, update your Netflix series, drink some beer with your friends, spend more time with your family and, please, do not forget to feed your cat (they would never forgive you for that!!). + +The bottom line is: you just need to avoid terrible choices. Don’t trust me? OK. Just look at the numbers. + +**Proof #1: in the end, profits are the one thing that matters the most.** + +Among all those data from financial reports, there’s one that summarizes the economic situation of the company: profit (aka net income, as they like to call it). Look at these simple comparisons between good net income and stock prices: + +Apple (until Nov, 15th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2008|1,072|12.19| +|2009|8,235|30.10| +|2010|14,013|46.08| +|2011|25,922|57.85| +|2012|41,733|76.02| +|2013|37,037|80.14| +|2014|39,510|110.38| +|2015|53,394|105.26| +|2016|45,687|115.82| +|2017|48,351|169.23| +|2018|59,531|157.74| +|2019|55,256|265.76| + +Walt Disney (until Nov, 18th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2009|3,609|32.25| +|2010|4,313|37.51| +|2011|5,258|37.50| +|2012|6,173|49.79| +|2013|6,636|76.40| +|2014|8,004|94.19| +|2015|8,852|105.08| +|2016|9,790|104.22| +|2017|9,366|107.51| +|2018|13,066|109.65| +|2019|12,798|144.67| + +&#x200B; + +Home Depot (until Nov 19th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2008|1,958|23.02| +|2009|2,661|28.93| +|2010|3,338|35.06| +|2011|3,883|42.04| +|2012|4,535|61.85| +|2013|5,385|82.34| +|2014|6,345|104.97| +|2015|7,009|132.25| +|2016|7,957|134.08| +|2017|8,630|189.53| +|2018|11,121|171.82| +|2019|11,203|238.85| + +&#x200B; + +MasterCard (until Nov 19th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2008|\-939|14.29| +|2009|1,463|25.59| +|2010|1,847|22.41| +|2011|1,906|37.28| +|2012|2,759|49.12| +|2013|3,116|83.54| +|2014|3,617|86.16| +|2015|3,808|97.36| +|2016|4,059|103.25| +|2017|3,915|151.36| +|2018|5,859|188.65| + +&#x200B; + +Monster Beverage Corp (until Nov, 2019): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2009|113|6.40| +|2010|210|8.71| +|2011|285|15.35| +|2012|338|17.61| +|2013|337|22.59| +|2014|482|36.11| +|2015|545|49.65| +|2016|710|44.34| +|2017|818|63.29| +|2018|992|49.22| +|2019|1,090|59.03| + +&#x200B; + +On the other hand, let’s take a look at some poor net income: + +Newmont Mining Corp (untill Nov, 19th): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2008|561|40.70| +|2009|2,093|47.31| +|2010|2,302|61.43| +|2011|302|60.01| +|2012|2,111|46.44| +|2013|\-2,795|23.03| +|2014|329|18.90| +|2015|304|17.99| +|2016|\-943|34.07| +|2017|\-109|37.52| +|2018|380|34.65| +|2019|2,338|38.35| + +&#x200B; + +Milestone Scientific Inc + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2010|0|1.02| +|2011|\-4|0.36| +|2012|\-2|1.45| +|2013|4|1.70| +|2014|0|2.30| +|2015|\-6|2.35| +|2016|\-6|1.40| +|2017|\-4|1.18| +|2018|\-5|0.33| +|2019|\-3|1.12| + + + +M - Macys Inc (untill Nov 21st): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2009| 329|16.76| +|2010| 847| 25.30| +|2011| 1,256| 32.18| +|2012| 1,335| 39.02| +|2013|1,486|53.40| +|2014| 1,526| 65.75| +|2015| 1,070| 34.98| +|2016| 611| 35.81| +|2017| 1,536| 25.19| +|2018| 1,098| 29.78| +|2019| 1,025| 14.67| + +&#x200B; + +Tripadvisor (until nov, 21st): + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2011|177|25.21| +|2012|194|41.92| +|2013|205|82.83| +|2014|226|74.66| +|2015|198|85.25| +|2016|120|46.37| +|2017|\-19|34.46| +|2018|113|53.94| +|2019|117|28.06| + + + +GAP: + +||net income (US$ millions)|year closing price| +|:-|:-|:-| +|2009|1,102|20.95| +|2010|1,204|22.14| +|2011|833|18.55| +|2012|1,135|31.04| +|2013| 1,280| 39.08| +|2014| 1,262| 42.11| +|2015| 920| 24.70| +|2016| 676| 22.44| +|2017| 848| 34.06| +|2018| 1,003| 25.76| +|2019| 937| 16.22| + + + +By the way. I love searching for vacation tips and hotels on TripAdvisor. But, would I buy their stocks? Not for a while... + +**And you know the most exciting?** + +**It doesn’t matter the country you live in! If you pay attention to stocks in your home, you’re gonna find the same pattern!** + + + +**Proof #2: diversification is your best friend.** + +Now you might wonder: what if a company fails? Well, in this case, diversification is your best friend. + +Let me ask you another question: if you had $100 on your wallet right now, would it hurt too much if you suddenly lost **$2**? + +Pay attention: It’s not a math question! Of course, you’re gonna have less money in this case. What I’m really asking is much simpler: would you really care if, someday, walking on the street, you lost $2? + +The answer is more revealing than you think: + +If you said “yes, I do care”, listen to a piece of honest advice: stocks are not for you. But don’t worry! There’s absolutely nothing wrong about that. You just gotta find what suits you best. No investment should keep you awake at night! + +On the other hand, if you said “no, I don’t really care…”, I have some great numbers to show you. + +When your portfolio is properly diversified, the risk of bankrupt of one specific company will represent only about **2%** of your portfolio. + +Just follow this practical step-by-step system: + +First of all: you don’t wanna go all in! Keep Vegas mood out of this! Instead, let’s take smooth steps so that we can keep our process less risky. + +Each month, you will take that part of your savings you wanted to put on stocks and buy shares of only one company. Let’s say $300 per month (you decide how much, but take it easy). + +And each month, you’ll buy shares of a new company, gradually diversifying your portfolio. In the beginning, you will see just a few companies in your portfolio (and it should begin like this), but over time, you will notice a constant increase in the numbers of shares. + +It goes like this: + +1st month: $300 on company 1 = 100% per company + +2nd month: $300 on company 2 = 50% per company + +3rd month: $300 on company 3 = 33% per company + +(…) + +10th month: $300 on company 10 = 10% per company + +(…) + +50th month: $300 on company 50 = 2% per company + +As you can see, in the first month, 100% of your portfolio is concentrated in one single company, however, it’s only $300 at that moment (that’s why it’s so important to keep it slow). + +After a while, even though your portfolio has increased, your risk has been gradually reduced, thanks to diversification. + +And there’s more: even if one specific company fails or faces a hard time in its financial situation, remember that you already chose other high-quality stocks, based on consistent profits. In this case, statistics are on your side and the companies are very likely to be gradually growing. + + + +**Proof #3: During a crisis, good companies are like professional fighters under pressure.** + +Have you ever seen a professional fighter under pressure on the ring? He may get several punches on the face and even be pushed to the corner, but due to his consistent training, proper nutrition and all the professional team on his side, he is able to stay tight, defend himself and overcome the pressure. + +The same logic applies to stocks. Companies with a long history of consistent profits are more likely to survive when crisis punches them on the face. They may see their profits reduce or even experience some losses (like Mastercard in 2008, as shown above), but their overall positive financial situation enables them to overcome the situation in the long run. + +One last warning: in most cases, prices will drop severely during a crisis, regardless of the financial situation of the company, but, just like a professional fighter, you need to stay tight for the long run. + +I can’t stress this enough: you gotta be tough! + +My honest advice for you to keep cool is this: practice any sport, stay with your family, do the things you enjoy the most. You don’t need hours in front of the screen, worrying about the stocks. Just like I said before, no investment should keep you awake at night or steal your precious time during the day. Go out and live your life. + +Look at these numbers of 2008-2009 crisis period, compared with the current situation: + +BlackRock: + +|year|net income (US$ millions)|year closing price| +|:-|:-|:-| +|2006|323|151.90| +|2007|993|216.80| +|**2008**|**784**|**134.15**| +|2009|875|232.20| +|(...)|(...)|(...)| +|**2018**|**4,305**|**392.82**| + + + +LRCX - Lam Research Corp + +|year|net income (US$ millions)|year closing price| +|:-|:-|:-| +|2007|686|43.23| +|**2008**|**439**|**21.28**| +|**2009**|**-302**|**39.21**| +|2010|347|51.78| +|(...)|(...)|(...)| +|**2019**|**2,191**|**292.40**| + + + +UnitedHealth Group + +|year|net income (US$ millions)|year closing price| +|:-|:-|:-| +|2007|4,654|58.20| +|**2008**|**2,977**|**26.60**| +|**2009**|**3,822**|**30.48**| +|2010|4,634|36.11| +|(...)|(...)|(...)| +|**2018**|**11,986**|**249.12**| + + + +As you can see, companies with consistent profits are more likely to handle the punches during crisis periods. + +&#x200B; + +**Summing up a smooth, stress-free stocks investment strategy****:** + +**1) focus on net income;** + +**2) diversification;** + +**3) keep cool on crisis.** +Alright, so I recognize this is a massive first world problem question and its a problem many would love to have. I get how humble braggy this looks, but that's not my intention. + +I come from a blue collar family and was lucky enough to go to college (first in my family). I've been working for FI since I left college and managed to put together 150k in invested assets mostly through frugality and moving into management at my job. I married my college sweetheart who I have been with for 6 years. I knew that she was significantly wealthier than me, she comes from an upperclass family and personally had about 1 million in invested assets directly under her control or in a trust; but I didn't really mind one way or another. What was important is that we had the same values and were both simple, frugal people and I love her dearly. + +However, when we joined our accounts, seeing the net worth on personal capital be higher than my FI target made me feel really unhappy which is weird. I remember feeling so excited when I hit six figures in invested assets the first time. I feel frustrated because I "hit" my goal through complete luck and no effort on my own and that's its unearned. I feel like if I were to retire using what is essentially her families money I'd be a contemptible moocher. It's also weird because I come from a blue collar family and they are upper class and I feel like I've got something to prove. + +So anyway I'm not going to "FI" until I've earned it and am going to keep working until I've contributed my half of the FI number to the family. What's frustrating is that's it's hard for me to 100% know what I've "contributed"; i.e we share costs and have joint accounts. My other fear is that even if I contribute my "half" and retire early her family will see me as a gold-digging loser (even though they have been very kind to me) or that I'll never feel like I've truly earned/achieved FI. I plan to go into real estate investing (unrelated, something I've always wanted to do) to make more money and to ease into FI or never fully retire. I also think I should probably see a shrink at some point; because maybe I'm just nuts. So what do you think, if you were in my shoes what would you do? What is your take? + +**Edit**: So I realized I left out some critical information, thank you for the honest and insightful comments. My wife knows about my FIRE ambition and has supported it for a long time. She also knows the contents of this post and my hangups. She has a job but her passion is family and once we have kids in a few years she wants to be a stay at home mom. Spending time with my kids was a big motivator in FIRE for me as well. + +**Edit2**: Woah didn't expect to get this much attention. My wife woke up, read reddit in bed and asked my half-joking if this was my post and I admitted it. Thanks for all the good advice! + +**TLDR: People who have married into wealth or received a large inheritance that made you hit your FI number how did you deal with feelings of unworthiness from technically being FI from something you did nothing to earn?** +Hi folks, + +After recently hitting the six figure milestone, I’ve been doing a fair bit of reflecting on the journey to date. I thought I’d share some of the things I learned here, because I don’t really know anyone in real life who can relate! + + +**Background** + + +I’m 25, and lived in New Zealand up until a few months ago. It took me three-and-a-half years to get from a big fat nothing to $100,000. (In US dollar terms, it would have taken me another six to 12 months.) + + +I was working as a business journalist; naturally frugal-minded but still very much plugged into the consumer dumbass matrix. By chance I stumbled across Mr Money Mustache and Jacob Fisker, and even did an interview with MMM. My eyes started to open, and I read everything I could find about FIRE. + + +Around the same time I was starting to get bored at work. I made a promise to myself that if I could save $100k, I would quit my job and take a mini-retirement. I really wanted to travel, plan business opportunities, help out friends, and pursue other interests I hadn’t time for. + + +Now I’m doing exactly that, and I’ve got to say it’s even sweeter than I anticipated. + + +Here are some of the things I’ve learned: + + +* Mainstream money advice blows. I should know, because I wrote a lot of it myself. It’s all sensible stuff, but I can’t help thinking it’s fiddling while Rome burns. I still write an advice column, so the challenge I’ve set myself is to become an evangelist for simple living and frugality. + + +* The number itself is meaningless. I was momentarily stoked when my spreadsheet ticked over to six figures, but went right back to enjoying life. I was already travelling and working on the things I’d been dreaming of for ages, which was by far the biggest buzz. + + +* I’m pretty sure that without having those intrinsic goals firmly in mind, it would have been way harder to stay motivated hit the external goal, which was just an arbitrary round number. + + +* Once I had the right mindset and vision (spew!), the actual spending behaviours weren’t that hard to change. I grew up poor and was frugal by necessity, so maybe it’s a tougher transition for someone starting from the opposite direction. + + +* I found other people’s attitudes and expectations to be more of a challenge. It’s tough to explain to your mates that you don’t want to do Expensive Thing X – not because you’re a fun-hating miser, but because you have different goals and priorities to them. My strategy was just to bite my lip and take the teasing, but maybe I should have tried harder to communicate. I recently published a blog post where I “came out” to my friends, and got a really good response. Once they could see what I was doing, they were actually pretty excited about it. + + +* I used to fantasise about early retirement all the time. God knows how many office hours I spent daydreaming and running the numbers over and over. I was sure that I was going to do a MMM and put my feet up in my early 30s. At some point along the way, my feelings changed. + + +I realise now I’m happy to amble towards financial independence slowly - even if it means two steps forward, one step back - because there are certain things I want to do while I'm young. + + +The 'classic' FIRE path for me would involve sticking it out in a corporate job for another 10 to 15 years. The whole time, I'd be cursing myself for being too gutless to try the things I'm really excited about, like writing a blog, starting my own business, or travelling extensively. It'd be a safe but unfulfilling pathway. + + +Even if I start a business and it fails (which statistically speaking is the probable outcome!) I know I have the skills to rebuild my net worth and FIRE by returning to conventional work. At the same time, nothing will take away the satisfaction from the experiences and personal projects I’ve enjoyed along the way. + + +**THE END** + + +Sorry for the long post! Sure does feel good to unload though. If anyone has any thoughts, criticisms, or questions, I’d love to hear them. +Futures are already down 3% as we kick off Q2. + +Consumer confidence came our yesterday and was down to 120, unemployment report is coming out tomorrow and expected to be egregious. + +White house held a conference last night and finally admitted to how bad this virus is. Dr. Deborah Birx presented the new goalposts in a graph that shows a "no intervention" case (with more than 1.5M American deaths) and a better-case "flattened" curve by following government guidelines, that accounts for 100,000-240,000 American deaths. Trump also said "We're going to go through a very tough two weeks" + +I suspect we will continue to drop this week. I know a lot of this news was expected, but does anyone have other ideas about how the market will react to this? Dow 31k? (That last bit was sarcasm) +I'm struggling to find an answer on BiggerPockets and r/RE forums on how to evaluate my current properties. There are lots of information regarding property analysis on evaluating a property to purchase, but how do those numbers change once real life begins to affect my operating costs? + + +I guess my questions are: +1. How do CapEx affect my CoC metric? Do I add CapEx to my total cash invested? + + +2. After bookkeeping, real cash flow figures and net operating income should be used to recalculate CoC and CAP right? Will these updated figures be used to see if our current investment is doing well? + + +3. Say the investment does poorly cash flow wise the first year (high CapEx) but then stabilizes over time. How do we accommodate to see if the property was overall a good investment over the years? CoC and CAP seem to be point in time metrics - do we average these over time? + + +4. I understand that IRR is based on net present value and can be used to compare current earnings to my initial earnings, dollar wise. Is IRR the better metric to use here? + + +Any insight is much appreciated!! +The title pretty much says it all, I’ve been reading and some sources give me the feeling that doing rental property purchases aren’t the norm on places like zillow, etc, and most are purchases and find success when doing things like driving for dollars or cold calling distressed property owners. Just looking for input! Thanks :) +My roommates and I have been doing research pretty heavily into an area that is being invested into heavily by the city. I have watched every city council meeting, I have watched the department of plannings meetings on zoom there is a desire for high density residences and people just want to feel safe walking the streets. I have looked on every possible website ex: (Zillow, realtor.com, Loopnet) and have seen extensive vacant pieces of land up. Rough estimate is a block will cost around $1M, (with a state beach a block away) my plan would be to develop apartment complexes. I have access to a family construction company that has built a 20+ story residence and multiple luxurious homes and lawyers. My thesis for why I think it’s a great investment is because the city has just approved a number of projects costing upwards of 60M towards making the area a cultural hub. My roommates and I are in the process of writing a pretty extensive proposal but just wanted to see if there were any experienced people just willing to give advice or help. + +Edit: I am also graduating with a degree in accounting and planning on getting my cpa. If this was actually invested in I would just completely change my focus to real estate tax. +I’m just trying to figure out what are my options I bought what was supposed to be a 3 bed, I finally got the squatters out and it turns out it’s a 2 bed, do I have any recourse? +I just setup my first 401k. 4% dollar for dollar match. I’m contributing 9% and may bump it up if I can afford to because I want to minimize taxable income. I’m curious to hear from those of you who have “tapped” your 401k to work a deal. I have the option to take out a loan of up to 50k against my 401 (given it has that amount or more) “at a reasonable interest rate”. But I also have the option to use an undefined portion of it toward the purchase of my primary residence (hello triplex or quad). It is my understanding that this amount does not incur the penalty. So, when you refer to “tapping”, are you referring to a loan against your 401 (which maintains the account balance), or are you referring to a withdrawn amount applied toward the purchase of your primary residence (which obviously decreases the balance)? Or perhaps both? + +Lastly, tell me about some deals you’ve done taking advantage of your 401k! Thank you! +I live in a HCOL area & have invested out of state for a while. I’m at a point where I’d like to start scaling our portfolio and would prefer somewhere closer than a 5 hour flight. + +After looking into some of the college towns near by, the financials make sense. + +My question: how do you handle per room leases? Are these individual students who don’t know each other... or are they typically groups of friends who just agree to sign on a per room basis? Anything else unique in the contracts? +Hi all, + +I'm not sure if this is the right place to post this, so if anyone has any better suggestions, please let me know. + +My partner and I have both gone to university, and both graduated around 5 years ago. Since then, we've moved in together, and now have a mortgage. We are living fairly comfortably, but this is because we bring home around £63k a year between us. + +My partner wishes to go back to uni (he would be a post graduate, so wouldn't as far as we know, be eligible for funding support). + +If my partner was to work part time, it'll take our yearly income to slightly under 50k. I know we are in a better position than a lot of people, but I'm not sure how we would be able to make ends meet. Moving out of our house would not be an option. We could maybe rent our second room out, but our house isn't that big, and I think we would struggle having someone else living with us. (This would be a last case scenario). + +We both have some debt still, however are working hard to pay this off. I should have paid it off by October 23, and him Feb 24. + +Does anyone have any suggestions as to how we may be able to cut back, any ways we might be able to get extra support whilst at uni, or anything else I might have missed please? + +Thanks + +Edit: thanks for all the feedback all! It's been a busy day, I've not had a chance to read through the comments, but I'll get round to replying as soon as possible! Thank you x +And the thought of selling hasn't crossed my mind once. In fact, I'm gonna DRS one hundred shares just for shits and giggles. + +This is a perfect reminder of why I hold. In today's economy we are disposable, and even doing the work of 2-3 workers myself (I kept the receipts) wasn't enough for this company. I'm tired of it. But I'm not tired of HODLing. I'll never be tired of that. + +Kenny, you and your kind can burn this economy to the ground and we'll still be here planting seeds in the ashes. We're not going anywhere. + +Edit: To clarify, I'm an early January Ape with xxx shares. Voted for the board in the summer, and am in the process of DRSing now. Can't stop won't stop. Phone numbers per share or gtfo. + +Edit 2: Thank you everyone for the support, upvotes, and awards. This is the best community on Reddit. +Hey everyone @ AusFinance, can you guide me where to start investing? I have been lurking here for a while and I am really motivated to start. I made an account with CommSec. Can you guys link me to some resources and literature? +Thanks in advance +I've managed to keep up my regular monthly investment strategy. But it's a bit tough buying Vanguard funds only to see the value go down the next day. Over a few months the value of the portfolio goes down significantly. + +So in a sense I've made a big loss on paper over the last year. In addition to the money I've added. + +Of course all this relies on the fact that the market is down at the moment and will lift in the future. + +These are the times most people will pull out of the market or will not invest additional funds. Some people will do it directly, or others will just redirect their funds elsewhere. + +Of course this is the time you are buying units at lower prices. + +Has anyone withdrawn from the market during this time? + +EDIT: a lot of people seem to have misunderstood. I am still adding funds to the market and will continue to do so. + +I simply want to know who isn't. + +Although I don't think this echo chamber is the best place. Because the people who aren't investing are probably not on this subreddit and are concentrating on other things +This was not found by me, rather [@741trey](https://twitter.com/741trey/status/1504523411443249179?s=21) on twatter. He just threw a #BananaFlashBang out there on this. Sounds like would include blockchain trading. I’m literally blown away. And it’s scheduled for tomorrow of all dates.!!??? When did I literally fall into a metaverse simulation. +🍁🦍 + +EDIT: Must read [amazing find ](https://www.reddit.com/r/Superstonk/comments/tghufa/alternative_trading_system_scheduled_for_federal/i129u93/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) comments from u/freecorndog. This read will require Proof Of Observance Protocol, or POOP for short. (Thanks ape that sent that acronym to me a few weeks ago!) +Since people say they find it useful, I thought I might try post form and see if it gets enough interest to continue doing semi-regularly, round 2. Made a lot of shifts this week to lock in gains during this toxic week, more shifts than usual below. + + +My list of pennies holdings (most anyways) with quick notes: + +$ALKM - $2m annual sales in CBD water, expanding with partnership into a CBD infused liquid sugar, a CBD infused pet food supplement and a CBD sexual wellness flavored lubricant. Also hand sanitizers that is now selling in Canada. + +$ALYI - EV ecosystem to help EV tech, and then EV vehicles exist globally. Starting with the Retro ReVolt made by MODUS and supporting tech by $ALYI and $IQST. Also announced $20 million of EV motorcycles (2000) to be shipped to Kenya by July. + +$ASRT - assertio has all the hype, let's see what they tell us at their quarterly. + +$BETR/BETRF - psychedelics + +$COOL/CLABF - Nasdaq bound, psychedelics + +$DRWN - generally wouldn't mention this one, but there was a volume of 10% of float on this dormant one today. One worth keeping an eye on for news. + +$EVIO - THC/CBD testing, had problems but is recovering and just graduated to .01 again. + +$EXROF - more pricey but high power EV solutions, think construction, garbage trucks, things that need lots of direct power. + +$GABLF - Gaby Inc, THC/CBD CPG company, just bought a dispensary (I posted a DD this morning, it's currently halted due to the merger) + +$GBHPF - hemp play, growing + +$HPQFF - Nano silicon breakthroughs, very promising + +$IQST - partnered with $ALYI to make hemp batteries and hemp body frames for upcoming ecosystem. Owns IoT tech and is making a lab for physical screen devices for the ecosystem too. + +$MSRT - MassRoots, buying Herbfluence (tech to connect THC/CBD products to influencers for marketing campaigns) + +$OZSC - yep I'm back in it, locked in gains and I came back. Missed you buddy. + +$PAOG - where KALY extract tech ended up(RespRx for COPD), moved to Texas to partner with PURA for their 70 acre farm and new projects. + +$PURA - relocating to Texas, new 70 acre grow property breaks ground later this year. Partners with ALKM for CBD infused liquid sugar, a CBD infused pet food supplement and a CBD sexual wellness flavored lubricant. + +$RVVTF - psychedelics, THC/CBD medicine and much more. A good DD was just posted about it, check it out. + +$SGSI - owns AW solutions/ADEX Corp, is merging with High Wire Solutions + +$STHC - AMECA mining merger (Gold, Paladium and high grade graphite miner) + +$TBPMF - targeting first THC prescription approved by FDA, trails were approved. + +$TGIFF - Vegas cannabis play, $2m quarterlys cheap but catching on. + +$USMJ - ecommerce and distribution logistics partnered with PURA/POAG/ALKM + +$WSGF - Vaycaychella app, Airbnb competitor launching this year, will accept crypto for rental payments. +To make a long story short. I took a full time position in January at a company where I had been working PRN. The change came with a decrease in pay, but full time hours and benefits. + +I looked at my first pay stub after starting full time and noticed the change in pay rate, and haven't really looked at my pay stubs since then. + +However, today I decided to take a look and noticed that starting with my second paycheck, my pay rate has been significantly higher than it is supposed to be. Like, higher than it was when I was a PRN employee. + +I think it's likely that someone in payroll has made a mistake and either entered a wrong value, or mixed me up with someone else. + +So the question is. What should I do? Should I bring it to payroll's attention? Or should I just wait for it to come out in the wash, and let this free extra money ride for as long as it can? +You can make plenty of arguments why US markets have bounced back yesterday and today. + +Why the hell did Russian markets bounce back? Does everyone think once Russia has taken over Ukraine all the sanctions will just be lifted? If that happens, what does that say about the viability of any nation's sovereignty that doesn't have nukes? This whole situation sounds like a lose lose to me, but the markets seem to be eating it up. + [https://www.reuters.com/article/us-boeing-jobs/boeing-cutting-more-than-12000-u-s-jobs-thousands-more-planned-idUSKBN2332EP](https://www.reuters.com/article/us-boeing-jobs/boeing-cutting-more-than-12000-u-s-jobs-thousands-more-planned-idUSKBN2332EP) +I have a $75 bill that went to collections, and not sure how to proceed. I’ve read everything online from, just ‘pay it off right away’, to ‘don’t ever pay a collection agency’. My concern is not the amount, but what I’ve heard about collections possibly racking on late fees, and the possibility of it being fraudulent. How do I ensure that I’ll only be paying the $75, and that it is a legit agency/debt? +Hello Personal Financiers! This is my story, and personally not a fun one. This last Presidents’ Day I decided to take the big once (hopefully) in a lifetime step and purchase an engagement ring for the one love of my life! How exciting! I went to the store, placed the down deposit and the friendly charismatic sales person was more than eager to ring it up as it was not cheap! The sales lady advised me that they would reach out in 4-8 weeks to let me know when my ring is ready. I was also told I would receive my billing in the mail! Shortly after this order the Covid-19 lockdown went into place in my area. The jewelry store was now effectively closed until further notice... and still is. So I sat tight and waited for a billing statement or account information to begin my payments on a ring. The statements never came and the jeweler never reached out. I figured it was a product of store shutdown and wasn’t too worried. Fast forward to today, This morning I received a notification that my credit dropped 70 points! I damn near had a heart attack! Low and behold it’s the jeweler claiming I have a delinquent account by 30-90 days. I’m aghast by this. How was I supposed to pay on an account when I don’t know the account information? I never received a bill in the mail either? To top it off the store is closed and I can’t get in contact with the jeweler! This is where I come to all you more experienced people of the Internet. What am I to do? I’m young and have never missed a payment on my debts ever! I have never really dealt with something like this and need help! +...and it feels so underwhelming! 😂 + +I first found this sub around 6 years ago. I had a loan, financed car, was living in my overdraft and had a credit card. + +Today I made the balloon payment on our car and can now say I have 0 debts besides a mortgage. I have a fully funded EF and can start putting all my savings into my investments which I'm excited about, but besides that it doesn't feel as good as I imagined! Is this how it feels to achieve FIRE? + +EDIT + +Just want to clarify that when I say it's underwhelming I'm not saying I'm unhappy, (completely the opposite I'm incredibly happy), I just meant that I really thought I'd feel like a huge weight had been lifted but I really don't, maybe it's because the additionally money will now just be used elsewhere 🤷 +I am relatively new to investing and while I was doing research I found this token! R0ok token! I love how it supports a fantastic cause! + +After 6 weeks of fighting, Coingecko finally listed r0ok Token! The massive potential I see behind this project is insane. Let me explain. + +As a new investor, I have no idea about legitimacy. However I threw $80 AUD into r0ok's presale because of the donations already made and the doxxed founder, and his awesome transparency. + +Not only that the token itself is actually backed by an international clothing brand! Something I hadnt seen before which I thought was quite unique and made it stand out from the crowd. + +Upon buying this coin I was a little bit sceptical after being rugged over and over.. as I am new to all of this. + +So far I can tell you my worries of this coin being a rug or scam are 110% completely washed away. Not only have the Devs delivered on their word time and time again and been more than transparent the whole way. +The community around this coin I cant even find the words to describe. The way everyone comes together to help each other is an amazing wonderful sight to see... Something you dont see often enough these days. + +For me r0ok ticks all the boxes! + +1. Backed by a global mental health brand +2. Partnering with major mental health organizations +3. Making major monthly donations to cause +4. Founder is fully doxx'd and active in community +5. r0ok community is salubrious +6. NFT marketplace & mobile apps coming + +AND SO MUCH MORE...! + +Also by holding $R0OK tokens, you are being apart of a bigger cause, bringing awareness to a worldwide epidemic, while also directly supporting the mental health community. Two things that no cryptocurrency has done to date! fire + +Heavy marketing incoming now that Coingecko has officially listed $R0OK! This is so early!! DYOR and climb aboard! If you have any questions, feel free to join the r0ok community on any platform and ask away! R0ok warriors are always happy to help and answer any questions! + +Coingecko: coingecko.com/en/coins/rook-token + +Discord server: discord.gg/r0okToken + +Token website: r0oktoken.com + +Linktree link: linktr.ee/r0okcrypto + +Main brand website: r0ok.com + +Twitter: twitter.com/r0okClothing + +Medium: r0oktoken.medium.com/ + +THE $R0OK COMMUNITIES VOICE WILL BE HEARD! +MARK MY WORDS! WE WILL MAKE A DIFFERENCE! +I am relatively new to investing and while I was doing research I found this token! R0ok token! I love how it supports a fantastic cause! + +After 6 weeks of fighting, Coingecko finally listed r0ok Token! The massive potential I see behind this project is insane. Let me explain. + +As a new investor, I have no idea about legitimacy. However I threw $80 AUD into r0ok's presale because of the donations already made and the doxxed founder, and his awesome transparency. + +Not only that the token itself is actually backed by an international clothing brand! Something I hadnt seen before which I thought was quite unique and made it stand out from the crowd. + +Upon buying this coin I was a little bit sceptical after being rugged over and over.. as I am new to all of this. + +So far I can tell you my worries of this coin being a rug or scam are 110% completely washed away. Not only have the Devs delivered on their word time and time again and been more than transparent the whole way. +The community around this coin I cant even find the words to describe. The way everyone comes together to help each other is an amazing wonderful sight to see... Something you dont see often enough these days. + +For me r0ok ticks all the boxes! + +1. Backed by a global mental health brand +2. Partnering with major mental health organizations +3. Making major monthly donations to cause +4. Founder is fully doxx'd and active in community +5. r0ok community is salubrious +6. NFT marketplace & mobile apps coming + +AND SO MUCH MORE...! + +Also by holding $R0OK tokens, you are being apart of a bigger cause, bringing awareness to a worldwide epidemic, while also directly supporting the mental health community. Two things that no cryptocurrency has done to date! fire + +Heavy marketing incoming now that Coingecko has officially listed $R0OK! This is so early!! DYOR and climb aboard! If you have any questions, feel free to join the r0ok community on any platform and ask away! R0ok warriors are always happy to help and answer any questions! + +Coingecko: coingecko.com/en/coins/rook-token + +Discord server: discord.gg/r0okToken + +Token website: r0oktoken.com + +Linktree link: linktr.ee/r0okcrypto + +Main brand website: r0ok.com + +Twitter: twitter.com/r0okClothing + +Medium: r0oktoken.medium.com/ + +THE $R0OK COMMUNITIES VOICE WILL BE HEARD! +MARK MY WORDS! WE WILL MAKE A DIFFERENCE! +I have not very much in super as I’m 22 and about to graduate uni. Maybe under 5k I think. + +Aside from contributing the compulsory amount to super, is there anything else you MUST do? Obviously most will want to buy property one day, but I am thinking about other investments such as the various ways to buy stocks, contributing extra to your super, or just straight up saving more and locking it away in a separate account. + +How much does pension play into things? Does pension come form then government, your super, or a mix of the two? + +I would like to retire when I’m around 65 and have a nice standard of living so I understand I’ll need about 1 mil. What’s the best way to achieve this? +Have you all seen this yet? + +[https://www.dailymail.co.uk/news/article-11225861/Explosive-1-2billion-lawsuit-Bed-Bath-Beyonds-CFO-facing-suicide-runs-trouble.html](https://www.dailymail.co.uk/news/article-11225861/Explosive-1-2billion-lawsuit-Bed-Bath-Beyonds-CFO-facing-suicide-runs-trouble.html) +Currently own and operated 5 assisted living facilities in Michigan. Been pretty frugal all my life but would like to 'flex' a little bit and spend some of that delayed gratification I have been saving. + +I would like to buy a Tesla but how will that sit with my employees while the medium wage is about $14/hour. I have about 60 on staff and would they look at my and our company different if I'm trading in my 2012 Prius for a 2020 Tesla? + +How do other business owners deal with this dilemma of lifestyle expansion in front of staff? +Looking at the Shiller P/E, we see that it is around 36, which pretty much denotes a massive bubble in equities and signals doomsday. Or does it? + +Maybe others can offer some insight on this, but I think we need to look at a couple other things in addition to earnings. Let's look at the all-time high for the Shiller, which was 44 right before the dot com bust in Feb/March 2000. + +In early 2000 we had: + +1. Average corporate AAA bond yield at 7.6% with inflation running at around 3.2% +2. Unemployment rate at 4.0% + +In early 2022 we have + +1. Average corporate AAA bond yield at around 3% with inflation running at 7.5% +2. Unemployment rate at 3.9% + +So we can easily see that if one were to pull his money out of equities, there simply isn't anywhere else to put the money. Corporate bonds look terrible because of awful yields and inflation, and are vulnerable to rate hikes. This was not the case in 2000, where one could dump his money into PIMCO funds and ride out the crash in equities. + +Now some will say "put money into real estate"! --well that sector is in an even worse bubble than stocks, and there is a building shortage, rising property taxes etc. Going from one overheated sector on the verge of a crash or correction and into another ins't a solution. + +At the end of the day, it needs to be a massive crisis in the financial markets and doomsday before I sell all my stocks and hold cash or bonds, which will guarantee I lose (lots) of money. Municipals are better, but yields are still below inflation + +so is this one reason the market is holding at these levels? +I have been wanting to post this here but been afraid to because of how entitled and out of touch i might sound with the realities of most people from my own home country. + +This is why i am posting from a newly established account because i am afraid of being identified, especially as some of my colleagues are on reddit as well. + +I earn 104k annually, which might sound like a lot, but this is in Malaysian Ringgit (MYR), not USD. Chiefly disgruntled because when you compare salaries dollar by dollar, this equates to just under usd 25k. + +Now, in Malaysia this is a comfortable salary compared to the minimum wage which is the equivalent of usd 3,167 (myr 13,200) annually, or the average fresh graduate salary of usd 7,198 (myr 30k) annually. What makes things worse is that the cost of living here is much higher than that in the states or canada, at least 4 times more due to the weak currency exchange where it comes to food, cars and housing. + +To put the circumstances into perspective, i am in my early 30s, a phd holder and am a fully tenured academic in a top public university with a pension. I am happy in my career, as it is deeply satisfying working with students and patients. I love research which is a huge part of the job, and the full job autonomy typical of academic positions. I really enjoy doing pro bono clinic work and volunteering, which unfortunately is not financially lucrative. No other side or rental income. Goal here is financial independence, but i don’t plan to retire until 60, the maximum age of employment in this country barring any serious health issues, or longer if possible. + +I can’t leave for a better paying job abroad because of my spouse and family members. And frankly, i probably do not want to because it took me years to establish myself to this point, my level of comfort and perhaps sheer laziness here. + +No debts, car paid off, paying off a myr800k home jointly owned with my spouse and trying to save as much as i can. Generally my savings average 40-45% of my take home most months, and i truly admire and am envious of those who manage to hit 70%. Also insanely jealous and frustrated thinking of how academics abroad (even in neighbouring Singapore) have that much greater purchasing power due to the strength of their currency alone. And no disrespect to clerks or plumbers, but with the kind of salary i am paid i might as well have decided to become a clerk or plumber in the states or canada and made better money. + +I guess the upsetting thing here is imagining it would be so much easier to save a higher percentage if only the cost of living was not as high, or that salaries were more commensurate. + +My apologies if i come across as a disgustingly ungrateful individual here. Outside perspective needed to remind myself not to let that discontent get the better of me and to stop the pity party which has been going on for the past couple of years now. + +Many thanks in advance for all feedback offered. +# Rocket Surgery + +It does not demand the expertise of a proven 'rocket surgeon' to explain what is happening here, but I am here. Let me save you from this macro market confusion. Some of this may seem tin-foily at first, but that is understandable. The contribution is nevertheless provided on the merits. + +&#x200B; + +[Every $GME investor who holds Directly Registered \(DRS\) shares with ComputerShare.com already plays an important part in this historic saga. For everyone else who wants more evidence on why to take ownership of your shares by DRS'ing them, let's dive in:](https://i.redd.it/wb6e7yhoc0z91.gif) + +&#x200B; + +# Bitcoin is quickly now down to $15,682, from $21,500, on U.S. election day. Ask yourself why. + +&#x200B; + +[Why does this date matter? A crash just after voting ended is not by mistake: it happened by contrived design. Markets had been falsely propped up for weeks prior to this point \(the working group \/ plunge protection team, but that is a separate dynamic from what we will discuss herein\). Performing such an attack comes with risks of a financial shock across global markets, and since SHF are also political donors, they did not want to do this major attack prior to it mattering towards the outcome of the election. What attack am I talking about?](https://preview.redd.it/ckdu0ch5vzy91.png?width=847&format=png&auto=webp&s=acb36293ef9652269d14ffef567e0e4cc20177e4) + +&#x200B; + +[Bitcoin, today, is evaporating. Yet, this is only a symptom of a financial shock \(liquidity retraction\) caused by an attack today that occurred when FTT tokens were strategically sold \(and almost all of them\) in a major short-and-distort campaign against FTX. Ask yourself why FTX was targeted, and by whom. Then ask yourself why it was actually attacked today, why FTX is in duress, why Sam Bankman-Fried is being instantly slandered by the connected mass-media distortion, why bitcoin is then plummeting, and why GameStop is connected.](https://i.redd.it/o5u5tkp7c0z91.gif) + +&#x200B; + +Although [this article](https://finance.yahoo.com/news/hell-just-happened-crypto-q-005458676.html) (albeit somewhat of a smokescreen with lies, since it is coming from Yahoo Finance) will give you some insight as to what is happening from the propaganda end, we have to dig deeper to know the truth. + +&#x200B; + +# Insert Sequoia Capital and Binance (and Citadel) + +&#x200B; + +Everyone knows that Binance is backed by [Sequoia Capital who bailed out Citadel Capital](https://www.citadelsecurities.com/news/citadel-securities-announces-1-15-billion-investment-from-sequoia-and-paradigm/). Recently Sequoia, who funds Binance, were [both part of the twitter deal two weeks ago](https://www.theinformation.com/articles/sequoia-capital-binance-stand-by-equity-funding-for-musks-twitter-takeover), so their collaboration is very fresh and very active. Investors should know that [Citadel joined in with Sequoia and Binance in this deal](https://observer.com/2022/10/ken-griffin-citadel-join-elon-musk-twitter-acquisition/). + +In the past, [Binance and Sequoia](https://bitcoinist.com/binances-founder-squares-off-sequoia-capital-legal-dispute/) has had their own disputes about their internal funding when the crypto pump did occur. They were working together since 2017-2018, which is the same timeframe that short-interest in GameStop became a thing. + +Binance's founder is Chinese and has [a reputation with Business in China](https://www.protocol.com/fintech/binance-ceo-cz-interview). Binance has tried to play defense regarding their [history with China](https://www.binance.com/en/blog/from-cz/who-is-guangying-chen-and-is-binance-a-chinese-company-2386330931319516973). + +&#x200B; + +https://i.redd.it/8er5slq0e0z91.gif + +&#x200B; + +# 1. Crypto was an easy choice for an illicit pump for short-sellers to obtain more collateral for their GME liabilities (margin requirements) + +&#x200B; + +[This chart shows a direct collateral hedge, by correlation and timing, from Bitcoin's rise and meme stock's 2021 summer squeeze](https://preview.redd.it/crmbvby3wzy91.png?width=502&format=png&auto=webp&s=9bd93de25909f5de14627fda3d24ccd636ac6e37) + +This chart suggests that bitcoin was not pumped until u/DeepFuckingValue's GameStop play was already 5 months in. The combination of crypto at the peak was above $2 T, Fed Overnight RRP also above $2 T. This would be in line with the 10x outstanding shares borrowed and naked sold in GameStop, et al. + +And, ask yourself why Bitcoin arbitrarily went from 10k to 60k, only during GameStop's rising Fails-to-Deliver from Oct-2020 to Feb-2021? + +GameStop and popcorn stock's price began rising in August 2020. That began to apply uncomforting pressure on short-sellers, who did go all-in on shorting these companies. Then, in September 2020, Bitcoin arbitrarily began a meteoric rise, while then you see GameStop and popcorn then faced considerable and increased short-selling price pressure, as short-sellers recommitted to their move. Yet, in January 2021, as Fails-to-Deliver (FTDs) snowballed, GameStop and popcorn skyrocketed. This then caused a major dent in the crypto market cap - immediately. This inverse correlation remained, and was visible yet again throughout 2021... + +&#x200B; + +# 2. GME Short sellers turned to scam Chinese IPO tickers [pump and dumps] when Towel Stock became yet another thorn to the side of short-seller margins + +In a similar 'pump for collateral' fashion \[and when the crypto pump began to fall apart\] when GameStop and popcorn were undergoing their dividend processes, and further when Ryan Cohen's towel stock began to face increased investor demand, chinese scam tickers (hkd, amtd, megl, atxg, stbx) were then arbitrarily flash-IPO'd and pumped to half-a-trillion in market cap (quite literally overnight) to serve as continued collateral. + +&#x200B; + +&#x200B; + +[When the crypto collateral measure fizzled, Chinese scam tickers \(as underwritten by GME short seller's such as Loop Capital\) were then used for emergency collateral](https://preview.redd.it/8hiizwocp0z91.png?width=924&format=png&auto=webp&s=3fc32d3b560729d09ed32c82a1f80df87d75db9e) + +&#x200B; + +&#x200B; + +1. Loop Capital has broken the law repeatedly: [Loop Capital is fined for deleting records](https://financefeeds.com/sec-imposes-monetary-penalty-loop-capital-markets-failure-preserve-emails/) +2. Loop Capital (a stone's throw away from Citadel in Chicago): [Shorts $GME](https://www.cnbc.com/2021/09/09/sell-the-stock-first-ask-questions-later-loop-capitals-chukumba-on-gamestop.html). [Shorts Towel Stock](https://markets.businessinsider.com/news/stocks/it-s-game-over-loop-capital-analyst-warns-that-bed-bath-beyond-s-days-are-limited-1031558871). +3. Within days of GameStop's dividend/split: [$GME Short Seller Loop Capital Underwrites Chinese IPO Scam: HKD](https://clickipo.com/offerings/ipo/amtd-digital-inc/). Even though Loop Capital has a history of fraudulent business practices, [The SEC quickly signs and approves it](https://www.sec.gov/Archives/edgar/data/1809691/000119312521167630/d943653df1.htm). The SEC then rapidly approves more of the scam tickers that end up decimating retail investors: [AMTD](https://www.sec.gov/Archives/edgar/data/1769731/000104746919004384/a2239109zf-1a.htm), [MEGL](https://www.sec.gov/Archives/edgar/data/1881472/000121390022045048/f424b40822_magic.htm), etc +4. [$GME Short Seller Loop Capital Grabs $6B from 'Green Shoe' Share Dump](https://markets.businessinsider.com/news/stocks/amtd-digital-hkd-stock-price-ipo-chinese-tech-retail-traders-2022-8?amp&utm_source=reddit.com). +5. [HKD, and Chinese Ticker Scams, becomes highest dollar amount on-paper stock market crime in human history](https://www.reddit.com/r/Superstonk/comments/wkecks/chinese_tickers_scam_for_collateral_already_down/). +6. [Hong Kong regulators decide to probe the fraud](https://www.bloomberg.com/news/articles/2022-08-18/investment-bank-behind-32-000-ipo-probed-by-hong-kong-regulator#xj4y7vzkg), but the SEC chooses not to. +7. A month later, and for unrelated "registration violations", the SEC ["fines" Loop Capital](https://www.complianceweek.com/regulatory-enforcement/loop-capital-fined-100k-over-municipal-adviser-registration-violations/32104.article) again, taking in a small fraction of the gains: $105,500. +8. [NASDAQ suspends further such scam tickers](https://www.reuters.com/article/nasdaq-listings-china-idTRNIKBN2RH0BU) until more informationis obtained. + +The SEC signed off on these Chinese ticker scams and specifically chose to allow them even though they had knowledge of fraudulent activity. Also, as verified by the NASDAQ probe, the SEC did not comment regarding why they approved and sanctioned the pump and dumps, did not halt the pump and dumps, and why they chose not to investigate the matter. + +&#x200B; + +&#x200B; + +[RC knew that SHF was using Sequoia, Binance and crypto, and Scam IPO tickers to generate fraudulent collateral pumps to maintain margins on GME short liabilities](https://preview.redd.it/l0np9v1zvzy91.png?width=646&format=png&auto=webp&s=5a5e81e5ca3866f1558cdddc937f8cdbad387d6d) + +&#x200B; + +&#x200B; + +&#x200B; + +[All of this is happening exactly as it was supposed to, but we are clearly in the endgame now.](https://i.redd.it/uhdu9q2me0z91.gif) + +&#x200B; + +# 3. After Sam Bankman-Fried partnered with GameStop, FTX became the immediate target of a "zeroth-order red flag" takedown attempt (by Sequoia and Binance) and as possibly recommended by Citadel who began the processes to make their own exchange + +&#x200B; + +Kudos to [this dd](https://www.reddit.com/r/Superstonk/comments/yqsrbs/crypto_consolidation_is_a_power_move_and/?utm_medium=android_app&utm_source=share) from user edwinbarnesc, the crypto space has been a target. But the [recent FTX partnership with GameStop](https://www.prnewswire.com/news-releases/ftx-us-highlights-strategic-partnership-with-gamestop-301629634.html) became an emergency for SHF. They needed to make a last-ditch effort - a nuclear bomb -, and today and yesterday, they are clearly trying everything. + +Even the Russian citizen known as Edward Snowden [is chiming in](https://twitter.com/Snowden/status/1590319361863995394?s=20&t=QcfSZQyNi5o1z_H7ZQ2fpg). Ask yourself why. + +&#x200B; + +[Why would the Russian citizen known as Edward Snowden, of all people, care about the FTX\/GameStop saga? Ask yourself why. What other kinds of foreign capital for illicit collateral generation could be involved?](https://preview.redd.it/1gz33sy930z91.png?width=580&format=png&auto=webp&s=12042d8d1c571752ef9d599823b34b35f4f38073) + +&#x200B; + +[Binance strategically sold most of its FTT holdings at once, specifically to harm FTX](https://preview.redd.it/44r39ieq30z91.png?width=547&format=png&auto=webp&s=86cf06be82dd57f77092c9d6285f9b2baaeeffa1) + +Binance (Sequoia) then tried to make [ftx.us part of the package](https://blockworks.co/1-binance-ftx-deal-is-off-unless-ftx-us-is-part-of-the-package-source/), which reveals their real intent. + +Binance then [walked away from the deal](https://finance.yahoo.com/video/binance-walks-away-acquisition-deal-211011458.html) when [U.S. regulators](https://www.reuters.com/technology/us-probes-ftx-over-handling-client-funds-bloomberg-news-2022-11-09/) showed that they were getting involved. This, to me, shows me that Binance was in the wrong, and did not want to get caught with their illicit motive. + +# Now the secret Tin Foil Section + +This is not a political post, in any capacity. Independently, the GameStop matter does involve the U.S. Government at the highest levels. + +On the government side (it's crazy that this is even true) as soon as 5:00pm EST, (the timezones of the pivotal east-coast Senate elections yesterday), there was no further use to prop up U.S. markets. The plunge protection team (The Working Group has both Fed and Treasury trading desks) now lacks incentive to jawbone markets to stabilize the market for garnering votes. On the SHF side, as soon as 5:00pm on election day, Sequoia/Citadel/Binance made their move. + +Unfortunately on the government side (again, it's crazy that this is even true) and the SHF side are connected by: the Federal Reserve (Citadel is a customer through ONRRP), the SEC (Gensler worked at Goldman and was born from the hedge fund crowd), the CFTC (who blocked swaps), the Treasury (treasurer received tens of millions from Citadel), Citadel Market Maker (manipulating $GME order flow), and Citadel-connected Hedge Funds (shorting $GME). And absolutely the U.S. President as well, since Citadel has made very clear that he wants the Florida governor to be president, rather than the previous president #45. That makes the Plunge Protection Team (The Working Group, which has unlimited macro market powers) *directly aligned in motive to Ken Griffin*. And further, it's important to note the timing: Delaware U.S. Attorney David Weiss, has reached a "critical stage," and that federal investigators are weighing charges against the current U.S. president's son for his dealings with similar foreign capital that we are talking about herein. According to the DOJ, the current U.S. president's son is being investigated for foreign transactions due to suspicious activity reports (SARs) regarding funds from "China and other foreign nations." **This reveals that the Department of Justice is going to act under the law, independently from politics -because the DOJ will not discriminate on who it is investigating - it will simply follow the law. This is all very bullish for GameStop.** + +If Ken Griffin succeeds in his attempt to align his Bernie-Madoff-self with the U.S. Government, then it will be the U.S. Government against GameStop. *This is why we will be seeing the Department of Justice prosecute the bad actors aligned with Ken Griffin, and hopefully prosecute Ken Griffin himself \[who lied to Congress\], under RICO (and Sequoia and Binance) sooner rather than later, because the government does not want this type of problem on the inside, especially because the "problem" is not going away: global retail shareholders and American shareholders alike are DRS'ing their GameStop shares - and they will never sell.* + +Macro markets will now continue to feel the continued bear pressure that should have been there prior to this jawboning. Yet, as the GameStop shares get fully DRS'd, the locked float will cause the naked short-sellers to scramble for real shares (this also explains their desperate need of a low-volume-short-ladder-attack today on GME: they are running out of time. Why do I say this? Because they literally attacked FTX on the first available opportunity - the absolute minute after voting came to a close on the east coast - and then induced a massive short-ladder-attack on $GME the following day). + +&#x200B; + +# Conclusively + +By SHF's own mistakes, the chinese-scam-tickers collateral balloon, and now the crypto balloon, have both deflated. FTX became a target because of their GameStop partnership. So, by Citadel/Sequoia's/Binance's own attack on FTX - by selling FTT but then failing to take control of FTX.us today - they inadvertently caused a crypto liquidity crisis that they will also feel. They basically dropped a bomb on FTX, trying to hurt GameStop, but in doing that, dropped on a bomb on their own forces as well. + +**Just look around: A Quarter of a Trillion Dollars was just wiped from the global crypto market IN ONE DAY because of** **Citadel/Sequoia/Binance's collaborative effort to attack FTX.** + +Crypto was something that was used to prop up not just Alameda's balance sheet, but also *their* collateral balance sheets: of firms who short-sold GameStop and needed a collateral pump for margin, precisely beginning in September 2020, while u/DeepFuckingValue's reddit/youtube investment into GameStop started wreaking havoc on short-seller margins. + +**This also implies that short-sellers are now close to running out of this remaining substantially-leveraged collateral for short-sale liability margins: all fascinatingly-just-prior to the prosecution phase of the Department of Justice's investigation into short-sellers under the Racketeer Influenced and Corrupt Organizations Act Statute.** + +&#x200B; + +[There are now less than 8&#37; of $GME shares \(among total free float or lent out\) that are unaccounted for by ownership. Out of 14,000,605 simulations, we only win 1, and we only win by DRS.](https://i.redd.it/stvu1lkdc0z91.gif) + +&#x200B; + +# TLDR + +Bitcoin has fallen into the 15,000 range. Grin to yourself, and ask yourself why. Why did it begin just after voting on election day? **Why the Citadel/Sequoia/Binance short-and-distort attack on GameStop's friend in FTX**? Why did the macro market feel pressure today, dropping over 2%, when markets would normally respond favorably to gridlock in government? Why did GameStop get short-ladder-attacked further today? Why the 'endgame conditions' right now? And why so close to the criminal prosecution phase of the Department of Justice's racketeering investigation into short-selling firms? + +Well, it is because *we are in the endgame now:* GameStop's float is getting closer and closer to being locked. Elections are done. So, it has clearly, *overnight*, become the time for the final rounds of the 'infinity price war' between legal-GameStop-investors and illegal-naked-short-sellers to play out. **Please read the content above to learn the answers to some of these fundamental questions.** + +*Do you enjoy investing in a free and fair market? Then invest into $GME stock by buying shares through ComputerShare.com. If you already own $GME through a broker, but don't want your broker to fraudulently 'delete' or 'lose' your $GME shares, then tell your broker to Directly Register (DRS) your shares*. Then hold your smart investment confidently: for the long term. +Hey everyone, thank you so much for the advice here: [Should I fire my financial advisor?](https://www.reddit.com/r/fatFIRE/comments/l35s52/should_i_fire_my_financial_advisor/) + +I'm taking your advice. This is my first time breaking a long term professional relationship that isn't my workplace. I wanted to reach out to the fatfire hivemind and get some tips on how to go about this gracefully and respectfully. + +Should I be transparent with my disappointments to give them some constructive feedback? I strongly believe in this in the workplace, but perhaps this type of relationship is different. + +Should I be worried about anything with regards to the funds they have access to, or documents/PII they have on me? + [https://themargins.substack.com/p/doordash-and-pizza-arbitrage](https://themargins.substack.com/p/doordash-and-pizza-arbitrage) + +TL;DR - The economics behind the meal delivery platforms like DoorDash and Uber Eats don't work (they're funded by VC money), the platforms end up costing consumers and small businesses more money, and they have shady practices. +Prefaced from Bloomberg Opinion: + +Flooding in the coal hub of Shanxi province have driven prices up to $234 a metric ton as the government tries to kickstart extra production, further measures are needed to prevent more generators cutting off their turbines and causing blackouts through northern China’s winter. That means a crackdown on the factories that still consume the majority of electricity. Industry makes up 25% of grid demand in the U.S., in China it’s 59% — more than all the country’s homes, offices and retail stores put together. Cheap power has been essential for development in China. The problem now is that coal is very expensive. The world relies on cheap Chinese power for making its goods. About half of all metal is produced in China and, a fifth of all oil is refined there. Energy-hungry products from aluminum to solar panels depend on the country's low industrial power tariffs to keep their prices down. With electricity costs for dual-high industries set to rise, we may not have seen the end of the inflationary pressures flowing through the global economy. That’s where renewables come in. At the same time that price curbs are being removed from industries, capacity curbs are being lifted from zero-carbon power generation. With zero-carbon electricity already cheaper than most existing operating coal power plants, those changes may be just the spur to wean China from solid fuels. + +For those with Bloomberg: + +[https://www.bloomberg.com/opinion/articles/2021-10-13/china-s-energy-crisis-will-go-global-if-renewables-don-t-replace-coal](https://www.bloomberg.com/opinion/articles/2021-10-13/china-s-energy-crisis-will-go-global-if-renewables-don-t-replace-coal) + +So how can Western Investors safely get in on the transition? +Key notes: + +\- Trailed the Market by 5.5% + +\- When adjusted for the risk they trailed the benchmark by 10.3% + +\- **0.1%** of day traders earn large alphas of about 38 basis points. + +\- 50% of day traders stopped within 2 - 50 days (ROFL) + +\- Traders that traded more often were less likely to be profitable. + +\- For those that traded for at least 300 days, 97% lost money. 1.1% earned more than minimum wage. 0.5% earned more than a bank teller's salary. And the *single* best one only made $310 per day or $113k annually. + +You -->> "But..but...but what if I will be one of the .1% + +This is gambling. Don't get scammed on your YouTube ads for day trading. + +Souce: Ben Felix - The Truth About Day Trading (Youtube Video) +In all seriousness, it was his first Bitcoin and I gave him the option of $100 cash or $100 in bitcoin. He was very happy to take the bitcoin! 👍🏼 I explained his paper wallet and delivered it in a zip lock bag. Told him to put in his safe and if he has a firesafe pouch in his safe (he said he does), to put it in there and forget it. I even printed off a spare QR deposit code for him to put more on if he ever chooses! Today was a win for everyone! +I’ve finally decided to commit to a full 3 year degree again, but my concern is balancing social, work and study life. + +I’ve studied a total of three years in various degrees (and nothing that could give merit to some courses in my new degree), and was on Centrelink as a Student. I wouldn’t be getting any financial support from them if I did study (or so I believe). This makes me feel like Uni is out of my reach. I would struggle with full time commitment to uni, work and having a somewhat social life. + +Is there any advice for me? Someone in a similar position? + +I’m 23, have 1.25k invested in an etf, $2k emergency funds, $1300 savings for a house deposit and currently working for $45k a year full time. I’m hoping to study in 6 months if I can, or a year if I can’t. Let me know what I should try and do. +The basics. + +200,000 jobs in January. + +24,000 net reduction in December and November reports. + +2.9% wage growth YoY. + +4.1% unemployment, unchanged. + +62.7% participation rate, unchanged. + +[Link to BLS](https://www.bls.gov/news.release/empsit.nr0.htm) + +Overall its a pretty solid report in my opinion. The bond market certainly seems to think this is signally higher inflation. +Perhaps 15 years ago, MF promoted an investing scheme called "Ready-Made Millionaire" what they made sound like an investment opportunity of a lifetime. + +Now in 2022, I can't find a mention of it anywhere on the internet. + +Does anyone else remember this, and if so what happened to it? + +EDIT: This person found mention of it! +https://www.reddit.com/r/investing/comments/uazg01/does_anyone_else_remember_motley_fools_readymade/i61mzo6?utm_medium=android_app&utm_source=share&context=3 +Bitcoin Does not need the approval of billionaires to be relevant. +If you are here only for this kind of news and articles. So that you can day trade your 1k dollars. +you should not be here. + +Please stop posting Jack Dorsey did this, or an elongated muskrat did that. These men are scammers and do not care a bout you at all. + +Billionaires on the internet will not help you stack sats or take custody of your private keys. +Billionaires on the internet will not give you correct or timely information that will help you. +Billionaires on the internet are not your friends and do not care a bout you at all. + +Jack Dorsey actively bans bans people for mean words. +You want this guy as the voice of bitcoin? Then it is a matter of time be for your transactions are banned as well. or the majority of users are convinced being censored is for there own good. + +[**Elon Musk**@elonmusk](https://twitter.com/elonmusk)·[Apr 19, 2019](https://twitter.com/elonmusk/status/1119093220544147457) My Twitter is pretty much complete nonsense at this point. +Well he was right a bout one thing. +a man whos soul profitable business model is selling California carbon credits and duping business investors. + +for the old BTC hands you need to condemn these men and there disreputable actions they are bad actors. +for the new BTC hands you need to learn how the system works and stop chasing headlines because some one name dropped your for favorite day time reality internet billionaire. + +Stack sats, HODL on, and use the laser eyes to kill every thing in the room that does not conform to the principals of bitcoin. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +# Principles of Bitcoin + +All changes and upgrades to the protocol should strive to maintain and reinforce these **Principles of Bitcoin** + +* **21 million coins.** +* **No censorship:** Nobody should be able to prevent valid txs from being confirmed. +* **Open-Source:** Bitcoin source code should always be open for anyone to read, modify, copy, share. +* **Permissionless:** No arbitrary gatekeepers should ever prevent anybody from being part of the network (user, node, miner, etc). +* **Pseudonymous:** No ID should be required to own, use Bitcoin. +* **Fungible:** All coins are equal and should be equally spendable. +* **Irreversible Transactions:** Confirmed blocks should be set in stone. Blockchain History should be immutable. +I am someone who is very interested in getting involved in real estate and I have been now for a couple of years. I’m currently 24 years old and been reading and researching on a bunch of different avenues to get into real estate. Right now, with a very steady and good paying job, my main focus is being able to save enough money for a down payment on my first rental property. + +My biggest struggle over the last few years has been trying to decide what particular real estate strategy I want get started in. I’ve read books on wholesaling, fixing and flipping, and the various forms of long term renting. After about 2 years of really thinking about what I would like to pursue, I’ve decided that long term rental seems the safest, as well as the least time consuming on a daily basis, which for me, is exactly what I’m looking for. + +I’ve got a lot of researching to still do before I even start looking for a property to actually purchase. However, I’ve already been scoping out my local market and just want to be sure of all the expenses I should be expecting to pay on a monthly basis on a multi family property. + +For beginners, since I have 0 real estate investing experience, my goal is to acquire 2-4 units on my first purchase. I’ve already determined monthly expenses I should expect are: + +-mortgage +-property taxes +-insurances +-HOA fees if applicable + +Besides some kind of an “emergency fund” for any surprise costs that may pop up throughout a lease, is there anything I need to be budgeting into my monthly expenses? + +Any advice is greatly appreciated! +I'm in the current situation: + +- Put offer down at asking on 4-plex selling at $230k +- Had my contractor take a look and he said repairs clock in at $12k. I got a $10k credit for that. (So price is now $220k.) +- Appraisal came back today. It's appraised at $200k. + + +I'm going to ask for an additional $20k price reduction. I know the seller is going to say: "I already gave you a $10k credit." But my response is: + +- That's related to the *condition* of the home. Which is a totally separate from the home's *value*. +- It's not market for me to pay 220 for a home that's worth 200. + +The danger is, of course, that he backs out of the deal. I lose about a grand if he backs out. But it's certainly better than overpaying $20k. Are there any other negotiation points that might help in this situation? + +THANKS! +Hi guys, so me and my fiancé are eager to start our lives together, so we decided to marry civil and postpone our wedding til the end of 2022. We want to get our first property and are looking into a multi family house. Our original Plan was to use my VA loan to acquire my first property and then use her FHA loan to acquire our second property. I am currently in the loan rehabilitation program my student loans and should be back in good standing by June 2021. It seems to be the only thing that is inhibiting my credit score. With everything going on she feels why wait for my credit to improve if hers is excellent. She has a +700 credit score and her income is 80000. My credit score is currently 590s and my income is 75000. Because of my credit score, we are considering having her name only on the mortgage application. Our income together would likely give us a larger loan but unfortunately my credit score could inhibit a decent loan or a loan at all until it’s repaired. My question is It possible for her to be approved for enough of a loan to even buy a multi family? Keep in mind we live in North Jersey which is it pretty expensive place to live. So far, any calculator we have use doesn’t even come close to even buying any type of property with just her information.I can’t seem to find a solid answer on mine so that’s why I’m here. Any information could help thanks guys in advance. +I found a great house in my area, 3 bed 2 bath (1,552sqft) going for about $325,000. I am totally debt free in 4 months and have been living in a basement room for the last 2 years with another roommate. + +Numbers: +$325,000 @ 3.89% (30yr fixed) w/ 5% down for FTHB: + +- Mortgage: $1,455 +- Taxes: $260 +- HOI: $84 +- Mortgage Insur: $193 + +**$1,991 /mo** + + +It's a good renters area and I don't mind roommates and could rent the whole home in the future, whether to a family or 3 tenants. + +Anyone have a similar experience? Is it a good way to start with these investments? + +Thanks +As a household we bring in around £4000 after tax. +Monthly expenses: +- Mortgage £600 +- Utilities and tax £250 +- Internet £25 +- Car and home insurance £150 +- Netflix and Prime £20 +- Car payment £150 +- Home improvement loan £150 +- Dog walker £150 +- Mobile plans £100 + +£1550 in fixed month expenses + +Food is roughly £300 per month for the two of us. +We eat out or get takeaways maximum 3 times a month, £150. +Going out about one day a week, £150. +Wife's expenses £300. +General shopping £300 (clothes, gifts, etc) +Petrol £250 + +£1450 for monthly expense, adding up to £3000. However, we are helping out family and have had some unexpected expenses as well, which meant we struggle to get through the month! With £4000 I feel we are screwing up somewhere - we should be able to put £500 away each month but struggling. Any suggestions where we can cut back?? +Currently, we have two kids in college and, this year, will be able to pay for their tuition out of our regular bank savings. We have two more children to put through college and have $100,000 in a 529 plan. Right now, we put $200 a month into the college savings plan and $200 a month towards our retirement. I would like to put more into our retirement- a lot more. The account the $200 is going to is a Roth IRA and I know that has a really low yearly max. I have a financial advisor and will meet with him but I like to be prepared and I'm not having a lot of luck understanding things that are popping up on google. +Guten Morgen to this global band of Apes! 👋🦍 + +Once again, we have witnessed record low volume for GME, continuing a trend that has my tits jacked. +The Sneeze had over 300x the daily volume that we are seeing in recent days, and the Institutional Shorts haven't closed their positions. +These days may be quiet, but that doesn't mean that we've lost even the slightest bit of interest. +We know what we HODL, and that is why we DRS and HODL it in our own names. + +As we close out this week, I want to thank you all for coming each day and sharing your excitement to be part of this worldwide movement. +When I began to take an interest in investing in this company, I never expected it to lead where it has. +The support that this community delivers to each other is a large part of what makes Diamantenhände endure. +Thank you. + +Today is Friday, October 7th, 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: **$26.20 / 26,57 €** *(volume: 1730)* +- 🟩 115 minutes in: $26.20 / 26,57 € *(volume: 1730)* +- 🟥 110 minutes in: $26.19 / 26,57 € *(volume: 1726)* +- 🟩 105 minutes in: $26.28 / 26,65 € *(volume: 1686)* +- 🟩 100 minutes in: $26.27 / 26,65 € *(volume: 1685)* +- 🟥 95 minutes in: $26.13 / 26,50 € *(volume: 1444)* +- 🟥 90 minutes in: $26.36 / 26,73 € *(volume: 1444)* +- 🟥 85 minutes in: $26.38 / 26,75 € *(volume: 1363)* +- 🟩 80 minutes in: $26.45 / 26,83 € *(volume: 1363)* +- 🟩 75 minutes in: $26.45 / 26,82 € *(volume: 1340)* +- 🟩 70 minutes in: $26.26 / 26,64 € *(volume: 1320)* +- 🟥 65 minutes in: $26.13 / 26,50 € *(volume: 1320)* +- 🟥 60 minutes in: $26.16 / 26,53 € *(volume: 1290)* +- 🟩 55 minutes in: $26.19 / 26,56 € *(volume: 1288)* +- 🟩 50 minutes in: $26.18 / 26,55 € *(volume: 1288)* +- 🟩 45 minutes in: $26.18 / 26,55 € *(volume: 1284)* +- 🟥 40 minutes in: $26.17 / 26,54 € *(volume: 1284)* +- 🟩 35 minutes in: $26.18 / 26,55 € *(volume: 1248)* +- 🟥 30 minutes in: $26.16 / 26,53 € *(volume: 1199)* +- 🟥 25 minutes in: $26.17 / 26,54 € *(volume: 1138)* +- 🟩 20 minutes in: $26.22 / 26,59 € *(volume: 1138)* +- 🟩 15 minutes in: $26.20 / 26,57 € *(volume: 1132)* +- 🟩 10 minutes in: $26.19 / 26,56 € *(volume: 632)* +- 🟥 5 minutes in: $26.17 / 26,54 € *(volume: 630)* +- 🟩 0 minutes in: $26.19 / 26,56 € *(volume: 630)* +- 🟥 US close price: $25.99 / 26,36 € *($26.10 / 26,47 € 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 0.986. 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 bought my first option, NIO 57c with exp 22 january. I’m all new to trading options and i kinda bought this option to learn from it, so far i’m up quite alot i would say. Would you sell it now, or wait for some days? Does the value increase or decrease the closer i am to exp date? + +Thanks! + +EDIT: + +I sold it earlier today for ~50% profit, i then used these profits to buy a new option with a later expireation date, since i still believe NIO Can grow the next couple of months. Also did a lot of research, especially about the greeks and how the Price is determined. Thanks alot for all the tips, much appreciated! +Basically 2020 fucked his credit into the low 400s whereas he was once sitting at high 600s. Now he’s asking me to put him on as an authorized user, but to keep or destroy the card they issue. Will this hurt me in any way. I’m always willing to help a friend, but not if it will affect my finances. +[https://imgur.com/a/GYNHSuv](https://imgur.com/a/GYNHSuv) + +Extra data points that weren't included to make the graph a suitable size: 19 year old with £0, 62 year old with £300k. + +I took every reply at face value (so they could be lying or heavily rounding) and added together all pension pots, I used a 20x multiplier to work out Defined Benefit pensions. I excluded any ISA contributions and savings outside a pension pot. + +&#x200B; + +85 Data points total. Remember this sub selects for richer brits and someones pension pot doesn't represent their entire retirement savings (often replies mentioned sizable ISAs, savings or paid off houses). + +Edit1: Zoomed in for ages 20-35 [https://imgur.com/a/5W64JQ8](https://imgur.com/a/5W64JQ8) (68 data points) + +Edit2: 56/85 (65%) have a pension value of below £100k + +Edit3: Since this has become fairly popular, I will make an updated graph with around double the data points from both this post and the other one tomorrow, I'll do some more analysis and add some better graphs. I might do this for other questions posted on this sub similar to this if I have the time. +First of all, I hope this content warrants having its own post. If not, I apologize. + +I graduated in 2017 with $74k in debt with no money to my name. When I started working, I started aggressively paying off my debt while living with my parents. I was able to put the majority of my paycheck towards my loans and fund my 401K to get the full match as well as throw some money into my Roth IRA and save a few hundred bucks per month. I was very fortunate to have my parents not only cover my living expenses but they even paid about a third of my debt off. I was in a great position to have that support from my family. I'd like to add that I was making a modest salary of about $58k plus a 10% bonus. I started tracking my net worth and became addicted to paying off my debt and slowly building my nest egg. + +May 2017: -$74k NW + +Somewhere around the end of 2018, my net worth hit zero. It was a bittersweet feeling because I was glad to be making progress but frustrated that I was just starting from the bottom. + +May 2017: -$74k NW + +December 2018: $0 NW + +Around March of 2019, my debt was completely paid off. This feeling was more exciting than hitting 0 net worth, because I then knew that interest would be totally working in my favor. I also felt like I received a big raise because I didn't have to pay $2.5k per month on my loans. I immediately increased my retirement contributions to pick up the slack in my disposable income. Since then I have been contributing $500 per month to my IRA and $1000 per month to my 401K. + +I moved in with my (now) fiance about 3 months ago and have been having conversations with her about FIRE and delayed gratification. She isn't interested in how investments work but she realizes she needs to set money aside for the future. She is still working on her PhD so she has time before she will make money and be able to invest. + +Today I just surpassed $30k in my retirement accounts. I finally feel like I have a decent little pile developing. It's not much, but it's a start. I could cover about a year and a half's worth of expenses with those savings. I know that early contributions are what make a big difference down the road. The FIRE journey is a grind but it's rewarding to watch your wealth grow and make progress. + +May 2017: -$74k NW + +December 2018: $0 NW + +Today: $35k NW + +Basic chart because I know you mangs like charts: [https://imgur.com/a/JclE6Ry](https://imgur.com/a/JclE6Ry) + +You can see the growth levels off a bit halfway through the year when my parents stopped making payments on my loans and I moved out. Compound interest hasn't made a noticeable impact yet on my worth since I have not had so much time in the market. I am guessing around the $100k mark I might see the magic start happening. + +Anyway, yesterday I received the news that I am being promoted. My raise will be about 23% and will put me above the $80k mark including my bonuses. I am still in the process of negotiating it higher (I think I will be able to, given my performance reviews). I am ecstatic. My hard work is paying off. I am really looking forward to greater responsibilities and the growth that will come as a result. My plan is to try to fully fund my IRA and 401K while continuing to save for a house. Hopefully within a year or 2 I'll be able to purchase my first property. + +I hope this post shows some people that not everyone here is making 6 figures, worth half a million in their 20s. I am still privileged to have had the luxury of living at home with my parents while paying off my debt, but this perspective may be easier to relate to as a mid level earner. Happy Friday everyone! +I never finished my course. I dropped out in second year due to health issues. This was in 2019. I was overpaid £4,000, which I have now paid off. Father is now claiming that student loans company has been taking money from him. I don’t believe this is true because I was under the impression student loans company only takes money from the student they lent the money to. I don’t believe they even have his bank account. He claims HM Revenue and Customs are taking money from him for Student Loans Company, is this even possible? We don’t have a relationship right now so I’m just trying to find out if he’s telling the truth and if this is somehow possible or if he’s lying. Is it possible HM Revenue and customs could be taking money from him? Or is SLC making him give them money for the amount they overpaid me even though I’ve already paid them? I checked my account on the student finance website to check but it gave no indication that any money was being taken from him or me since I’m making less that £14,000 a year right now. I’m very confused right now. +[**RegSHO** was implemented in 2004 by the SEC to address abusive short selling](https://www.sec.gov/investor/pubs/regsho.htm) + +It has been updated over the years to address various 'loop-holes' and other exploitative practices. These amendments have been largely ineffectual as naked short selling is still a systemic problem. + +## Regulation SHO + +[Source](https://www.sec.gov/investor/pubs/regsho.htm) + +"Compliance with Regulation SHO began on January 3, 2005. **Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938 and to address concerns regarding persistent failures to deliver and potentially abusive “naked” short selling.** + +Due to continued concerns about failures to deliver, and to promote market stability and preserve investor confidence, the Commission has amended Regulation SHO several times since 2005 to eliminate certain exceptions, strengthen certain requirements and reintroduce the price test restriction.[\[5\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn5) + +As initially adopted, Regulation SHO included two major exceptions to the close-out requirement: **the “grandfather” provision and the “options market maker**” exception. Due to continued concerns about failures to deliver, and the fact that the Commission continued to observe certain securities with failure to deliver positions that were not being closed out under then existing requirements, in 2007 the Commission eliminated the “grandfather” provision and in 2008 the Commission eliminated the “options market maker” exception. + +In addition, the Commission adopted temporary Rule 204T in 2008 and final Rule 204 in 2009, which strengthened further the close-out requirements of Regulation SHO by applying close-out requirements to failures to deliver resulting from sales of all equity securities and reducing the time-frame within which failures to deliver must be closed out. + +In 2010, the Commission adopted Rule 201 of Regulation SHO. Rule 201 restricts the price at which short sales may be effected when a stock has experienced significant downward price pressure. Rule 201 is designed to prevent short selling, including potentially manipulative or abusive short selling, from driving down further the price of a security that has already experienced a significant intra-day price decline, and to facilitate the ability of long sellers to sell first upon such a decline. + +Regulation SHO’s four general requirements are summarized below: + +* *Rule 200 – Marking Requirements.* Rule 200 requires that orders you place with your broker-dealer must be marked “long,” “short,” or “short exempt.”[\[6\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn6) +* *Rule 201 – Short Sale Price Test Circuit Breaker*. Rule 201 generally requires trading centers to establish, maintain, and enforce written policies and procedures that are reasonably designed to prevent the execution or display of a short sale at an impermissible price when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. Once the circuit breaker in Rule 201 has been triggered, the price test restriction will apply to short sale orders in that security for the remainder of the day and the following day, unless an exception applies. +* *Rule 203(b)(1) and (2) –* *Locate Requirement*. **Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security**.[\[7\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn7) This “locate” must be made and documented prior to effecting the short sale. +* *Rule 204 – Close-out Requirement*. Rule 204 requires brokers and dealers that are participants of a registered clearing agency[\[8\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn8) to take action to close out failure to deliver positions. Closing out requires the broker or dealer to purchase or borrow securities of like kind and quantity. The participant must close out a failure to deliver for a short sale transaction by no later than the beginning of regular trading hours on the settlement day following the settlement date, referred to as T+4. If a participant has a failure to deliver that the participant can demonstrate on its books and records resulted from a long sale, or that is attributable to bona fide market making activities, the participant must close out the failure to deliver by no later than the beginning of regular trading hours on the third consecutive settlement day following the settlement date, referred to as T+6. If the position is not closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)[\[9\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn9) may not effect further short sales in that security without borrowing or entering into a bona fide agreement to borrow the security (known as the “pre-borrowing” requirement) until the broker or dealer purchases shares to close out the position and the purchase clears and settles. In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as “threshold securities,” if the failures to deliver persist for 13 consecutive settlement days.[\[10\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn10) Threshold securities are equity securities[\[11\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn11) that have an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC)); totaling 10,000 shares or more; and equal to at least 0.5% of the issuer's total shares outstanding. As provided in Rule 203 of Regulation SHO, threshold securities are included on a list disseminated by a self-regulatory organization (“SRO”). Although as a result of compliance with Rule 204, generally a participant’s fail to deliver positions will not remain for 13 consecutive settlement days, if, for whatever reason, a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for 13 consecutive settlement days, the requirement to close-out such position under Rule 203(b)(3) remains in effect." + +**TLDR on RegSho:** +RegSho had the right idea to make naked shorting much more difficult but it stopped short on a few key areas of actually having teeth:**1, Marking Requirements:** Trades must be marked Long, Short or Short Exempt: We know this is abused and the penalties/fines are meaningless to enforce the purpose of this marking rule. Strategically mis-marking a short as a long is a an effective naked shorting technique. + +**2, Locate Requirement:** +"broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security". This legal-speak is pretty much meaningless in enforcing that short sales that should not occur do not. Broker-dealers can almost always have confidence they can locate a borrow *somewhere/somehow* and at worst case through married put strategy. + +**3, Close Out Requirement:** +FTDs must be closed out on settlement date, these dates vary depending on the circumstance. This is perhaps the most important concept of the RegSho rule and it is completely ineffectual because 'close out' does not mean 'purchase security'. They can satisfy a 'close out' by just borrowing again aka 'kick the can down the road'. + +# NSCC’s Stock Borrow Program + +[Source](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + +"When a broker is net short a stock, it has two days to locate and deliver a borrowed share to the purchaser and the purchaser has two days to deliver the money. However, there could be a situation as in the above case in which a broker is net short of XYZ on settlement day and does not have enough shares of XYZ in inventory at the DTC to cover the net short position. In this case, the broker has sold more shares that it has available as in the previous example in which Broker A is net short 1000 shares at settlement. Prior to the advent of the electronic transfer, if the buyer did not receive his shares by settlement day, they kept their money and undid the transaction. This is not the case under CNS because the NSCC guarantees the trade so that even if the seller of the stock fails to deliver, the transaction goes through. I will explain later how this can be used to create counterfeit shares. + +Each member’s position at settlement (T+2), whether it is net short or net long, is known to the DTC. Let’s think of this in terms of stock XYZ. If the member is net short, the DTC compares the number of net short positions to shares of XYZ in the member’s DTC account to determine if the account at the DTC holds enough shares in it to settle the position. If there are enough XYZ shares in tis DTC account to offset the net short, these shares of XYZ are then sent to the DTC account of members who loaned the shares. + +If the member does not have enough shares in its DTC account to cover its obligation, the NSCC will borrow shares through the Stock Borrow Program. This program allows members with net long positions to lend out shares to members who are net short. A Prime Broker who has a net long position in XYZ can put them into the Stock Borrow program. This surplus can then be loaned to another Prime Broker who has a net short position to cover its deficit. Each day, members inform the NSCC as to how many shares they are willing to lend. The NSCC then determines how many shares it needs to borrow from members who are net long XYZ to cover the outstanding shares of members who are net short. Once the DTC establishes the number of shares it needs to borrow to cure the net shorts (failures to deliver) at settlement, it uses a formula to determine how the necessary shares will be borrowed from members who are net long. + +When the NSCC borrows shares from a lending member, it credits that member’s account with cash equivalent to the full market value of the securities borrowed.  The lending member earns interest on that amount while the stock loan remains outstanding. + +**Creating Counterfeit Shares through the Stock Borrow Program** + +There is a loophole in the stock borrowing program that allows for the creation of counterfeit shares. For the sake of example, let’s assume that the parties in a hypothetical example are Hedge Fund A, Broker A, Investor B, Broker B, a market maker and the DTC and NSCC. Let’s look at a highly simplified example in which Hedge Fund A asks broker A to short 2,000 shares of XYZ at $10.00 per share. + +1. Broker A transmits Hedge Fund A’s short sell order to a Market Maker in XYZ stock (this could be either the broker itself or another market maker.) +2. The Market Maker confirms immediately to Broker A that the trade is complete without first locating the shares; he is naked short the stock. Under Regulation SHO this is legal. +3. Investor B through Broker B buys the 2,000 shares offered by the Market Maker at $10.00 even though the market maker has not located 2,000 shares to borrow. +4. If at T+2, the Market Maker still hasn’t found a locate, he is in a fail to deliver situation. In the system of the 1960s, the trade would have been broken and $20,000 would be returned to Investor B’s account, but because the NSCC guarantees all transactions, the stock borrowing program comes into play and the settlement proceeds with the NSCC borrowing stock from other member firms. +5. The DTC identifies Broker C having a net long position of 2,000 shares which it is willing to lend to NSCC. +6. At settlement (T+2), Hedge Fund A’s account at the DTC is credited with cash of $20,000 (2,000 shares at $10.00). Investor B’s account at the DTC is now credited with owning 2,000 shares of XYZ at $10.00 even though the market maker failed to borrow the shares. Broker C is credited to receive interest on $20,000, the value of the stock it has loaned. +7. Broker C loaned 2,000 shares of XYZ, which it took from its customer accounts, to the NSCC. However, the NSCC accounting credits customers of Broker C with still owning 2,000 shares of XYZ. +8. This is the critical point at which counterfeit shares have been created. The NSCC shows customers of Broker C as still owning the 2,000 shares of XYZ. However, Investor B is credited as owning the same 2,000 shares. Presto, there are 2,000 new counterfeit shares outstanding that were never issued by the Company. +9. Under Reg SHO, the Market maker has until T+6 to locate stock and close out the 2,000 shares of XYZ it has borrowed through the stock borrow program from Broker C. Under Regulation SHO, if a locate has still not been found at T+6, the Market Maker must purchase 2,000 shares in the open market and return them to Broker C. However, Wall Street has a bag of tricks to get around this requirement. One of which is simply to ignore it. Another is to roll the position to another broker-dealer. Oftentimes, fails to deliver can last for months or years. The SEC seems strangely unwilling or unable to enforce this provision of Regulation SHO. + +If the Fail to Deliver is not corrected, there is another perplexing rub to this situation. Going forward, the NSCC system does not differentiate between counterfeit shares and real shares. Both the 2,000 legitimate shares that were originally in the customer accounts at Broker C and the 2,000 new unauthorized (counterfeit) shares given to Investor B can both be loaned to cover other net short, fail to deliver positions. This process can be repeated ad infinitum to flood the market with counterfeit shares. Also, the counterfeit shares can be voted in proxy issues pertaining to Company XYZ. I will explain how in a later blog." + +**TLDR on NSCC:** +OK so broker-dealers have FTDs at the DTCC and they need to 'fix' them. Different cases mean they have different time lines to resolve. The glaring problem is that RegSho just requires these FTD's are 'closed out' and does not specify what that means. + +The NSCC has decided that 'closing out' is really just a way of meeting that FTD with a borrow. The NSCC can go to the DTC and 'borrow' pretty much as many shares as they want and re-use them multiple times to satisfy multiple borrows. While they do this they generate very nice borrow fees! + +So, it is in the interest of the NSCC to keep the party going! They don't really want to 'force-buy-in' their members... They want to enable continuous FTDs and borrowing fees. The long holders of shares are also making money by having their shares lent out. So you basically have all the participants that are benefiting from this shady system. + +**CONCLUSION**: +As it stands the RegSho regulations are riddled with loop-holes that are exploited to no end. + +The DTCC, NSCC and DTC are all benefactors of resolving FTDs by using the SBP (Stock Borrowing Program) to generate fees and satisfy member FTDs. Long holders and shorts benefit in this system. Even though the DTCC, NSCC, may be enacting new rules in regards to FTDs, security collateral, margin requirements and such, they are not compelled to cause any stress on their participants from FTDs. If a short is margin called they can just post more collateral (like Treasuries), but their FTDs can basically remain endlessly can-kicked and infinitely reset. + +**IMO:** A MOASS will not be triggered by any regulatory change, rule change OR accumulated FTD or T+magic number settlement (they can can-kick this forever). + +The only possible mechanism of a MOASS is a **forced-buy-in.** The only time the NSCC would opt for this mechanism is if a Short failed a margin call (more collateral required). The only way a Short fails a margin call is if the price of their Short position tips them over. This is the only instance where the NSCC, DTCC and other participants will want to shield themselves from a certain Short Participants infinite risk. + +So, how can this happen? Simple! GME price goes UP! Ryan Cohen and team are transforming GME and you bet this is the greatest investment of the decade. These shorts are basically frogs in water and the heat is turning up. No specific time line - Just up! + + +# EDIT 9:30 PM 6/28/2021:Strap in for some wrinkles! + +I LOVE this community and the crowd sourcing of brain power. I don't think anything can stop this. + + +An ape, credit to [whiskerswhirled](https://www.reddit.com/user/whiskerswhirled), sent me a PM that SBP was discontinued in 2014: +[https://www.dtcc.com/\~/media/Files/pdf/2014/2/7/a7676.ashx](https://www.dtcc.com/~/media/Files/pdf/2014/2/7/a7676.ashx) + + +However, this program was replaced with the [**Collateral Loan System.**](https://dtcclearning.com/products-and-services/settlement/settlement-services/collateral-loans.html) + + +" **The Collateral Loan Program allows you to pledge securities** from your general free account **as collateral for a loan or for other purpose**s (such as Letters of Credit) **to a pledgee participating in the program**. You can also request the pledgee to release pledge securities back to your general free account. These pledges and releases can be free (when money proceeds are handled outside DTC) or valued (when money proceeds are applied as debits and credits to the pledgee's and pledgor's money settlement accounts). A Pledgee may, but need not be, a Participant. Only a Pledgee which is a Participant may receive valued pledges. " + + +"The guidelines for using the Collateral Loan Program are as follows: + +1. You can use the Collateral Loan Service function, the Computer-to-Computer Facility (CCF), or Message Queuing (MQ) to submit collateral loan pledges and release requests to DTC. Release returns are also available through CCF and MQ. However, release approval is available only through the Settlement User Interface. +2. You must ensure that the securities you are pledging are available in your general free account. +3. When a stock distribution requiring due bills is declared on securities pledged as collateral, the distribution automatically becomes additional collateral. +4. In the instance of a substantial cash distribution, for which an exchange or similar securities organization would require due bills to accompany stock certificates, for the amount of cash accruing on pledged shares, the Pledgee may direct DTC to pay such funds directly to it as partial repayment of the loan. Otherwise, such funds will be paid by DTC to the Participant. +5. At any time, the pledgee can direct DTC to deliver pledged securities (demand of collateral). +6. Voting rights are assigned to you for pledged securities." + +**TLDR:** The Stock Borrow Program just changed to the Collateral Loan System and members are all part of one big club borrowing eachothers stock. Notice how they talk above about what happens in the event of a 'cash distribution' (those are dividends) and it also talks about how record holders still maintain their voting rights even on lent out securities. + + +So the Collateral Loan Program is where we are now... But what's next? + + +# Enter: Security Financing Transaction (SFT) Clearing + +[SFT](https://www.dtcc.com/clearing-services/equities-clearing-services/sft) is just a NEW version of the Stock Borrow Program! +" The Depository Trust & Clearing Corporation (DTCC), through its equities clearing subsidiary, National Securities Clearing Corporation (NSCC)**, is constructing a new model for central clearing of equities lending and borrowing transactions**, leveraging its clearing capabilities, risk management and efficient infrastructure to provide the market with a bilaterally cleared **stock loan service**. The new Securities Financing Transaction (SFT) Clearing service is expected to launch in 2021, pending regulatory approval. " + +[Here's the fact sheet.](https://www.dtcc.com/-/media/Files/Downloads/Clearing-Services/SFT-Clearing-Service-Fact-Sheet.pdf) + + +**TLDR:** +The Stock Borrowing Program was discontinued in 2014 and changed into the Collateral Loan System, which sounds SO much more serious. This is where we are today. + + +But the DTCC does not sleep while the rest of the world begins to figure out their huge fraud... They're unveiling a new system, SFT, which is basically all the same things as before but dressed up with a new name. +Dear Redditors, I've decided to let you in on my crypto moonshot. I've accumulated enough of it myself ofcourse, not going to lie. Let's face it, we are all in this to make money. + +Now let's get to the point. + +Insights network was one of the most hyped ico's during the month january and february. +It was on rated on every ico spreadsheet as a top ico with ratings hanging around 80-95% because of the all star team and concept. Yes ofcourse Ian balina also rated this ico 84%. His opinion doesn't really matter to me but it sure helped build up the hype back then. The ico ended on february 9 (yes this is right when the bears decided to ravage the market) the token launched later at one of the lowest points in the market. This ofcourse kept the price from moving up at all. It managed to even crash as low as 50% below ico. Right now it is hanging at 42% below ico price with a market cap of about 9 mil. + +What does Insights network do? +Insights network (hereafter named as "Instar") provides a decentralised data exchange. What is this exactly? Well let me give you some examples. Instar allows you to securely store their data on their network. If an outside company wants to have any of that data they have to specifically buy it from you. How do they do this? This all works through the instar wallet app (available now on android and coming to ios may 30) + +You as an individual will have your account in the app and will get to see adds of companies that offer you Instar tokens in return for the specific data you choose to give them. This can also include polls. For example say coca cola wants to find out which flavour people like the most. They can run a poll on the instar app and for every answer you give you will get instar in return. The companies who want to run adds or polls have to buy instar tokens first in order to be able to do this. This is what creates demand for the token. Many more applications can be done, it's impossible for me to sum them all up here right now but you get the idea. + +Here's why I think it is the next moonshot. The concept is great, data privacy is becoming the new hype. The GDPR compliance law is coming may 25th which makes instar arrive perfect on time. The project is going along extremely well. The team is far ahead on the roadmap with a bunch of releases coming up before the end of this month. The team has also applied to the top tier exchanges and are awaiting their review. It's currently trading on idex. Instar is one of the first DApps to be built on EOS. With the EOS mainnet launching in little over a month this is a great time to still get in. The coin has crashed hard due to the bear market and has not had it's recovery yet. 9 mil market cap is extremely low for a project of this magnitude and with a working product out already they are bound to get listed on more exchanges soon. + +Feel free to join the telegram if you want to find out more, the admins are very active there and the ceo gives regular updates on the developments. + +Regards, + +A fellow gemhunter + + + +[Investing in Happiness video](https://www.youtube.com/watch?v=iNZk-N6uDcg) is a very accurate take on how individuals in FI/RE need to understand what they want in life and create their ideal life prior to pursuing FI/RE. I watched the entire video and it really dove into a lot of the topics many people post in this subreddit: happiness, purpose, passions, post-achievement depression, and much more. How are you guys investing in your happiness? Recently i invested in a $100 per month gym membership so that I can workout. In the long run it will pay off, but I remember I was reluctant to spend that much at first. +About a week ago I went to my local ER because I woke up with a swollen uvula. I was unable to speak, breathe through my mouth, and it constantly initiated a gag reflex. At first, they thought it was anaphylaxis but then realized it was probably an infection. After pushing all different types of meds in me, the ER doctor thought it was best to admit me to a med surg unit and get an ENT consult. + +During the evening, the ENT evaluated my throat and said that everything was clear. He said that he would say I am good to be discharged. I agreed with him on this notion and asked if I could. He called the resident and attending and they said that I should stay overnight just for observation. I personally disagreed with an overnight stay because I felt completely fine afterward. I was able to talk, swallow, and breathe again. Lab studies and physical assessment showed evidence of uvulitis. I just needed some antibiotics and rest at that point. However, I was not going to leave against medical advice if the physicians felt that I needed to stay. + +Well, today I received a letter from my insurance company saying that they are denying my request for full hospital stay services because they felt that it was not medically necessary. I thought it would be covered because the physician deemed it was medically necessary to keep me overnight + +I am not really sure what to do at this point. I am a poor nursing student that cannot afford to pay this hospital bill. +I even made a website for it: [removed] + +It is surprisingly easy to deploy a token and add it to an exchange. People and bots were even FOMOing in before I renounced ownership of the contract and locked the LP tokens and could have lost all their investment. It went from a $5k cap to $150k in about an hour before dumping. I didn't sell because this shitcoin is dear to my heart now, but could have made a decent profit. + + We are truly in a bubble. +My wife and I just moved from coast to coast. My wife had a complete transfer lined up with relocation assistance (reimbursement of certified vendors and expenses). We used all the appropriate vendors to complete the move. Now on what was supposed to be her first day she finds out that her transfer has not and will not be completed due to a clearance issue. So here we are on the second coast without that income, and potentially unable to get the reimbursement as well? + +What recourse do we have in this situation? +YOU ARE SPREADING FUD JUST BY GIVING THIS EXPOSURE. + +You think it’s a coincidence that Bloomberg and other news organizations decided to drop this news today of all days, even though this was proposed weeks ago? + +I have already seen so many comments saying how much this sucks or how the government is trying to profit off of apes. People saying that they would sell on the way up to avoid capital gains tax...wow wouldn’t that BE CONVENIENT FOR HEDGE FUNDS. + +This is long term capital gains. This will not affect you. What will affect you is if you fall for this obvious bait. You will fuck this whole thing up by bringing politics and taxes and all that other bullshit into this. THIS IS SO MUCH BIGGER. + +Stop talking about this. Stop arguing over politics. You will literally divide apes, the most powerful movement you will ever be a part of in your whole life, you stupid fuck. + +Nothing has changed. Shut the fuck up. Take a break from the noise if you have to. Nothing more is required than to hold. +Guten Morgen to this global band of Apes! 👋🦍 + +The FTX contagion continues to spread, with no signs of ending anytime soon. +The extent of this scheme keeps expanding. +This event demonstrates the extraordinary risks of lax regulatory enforcement combined with inadequate disclosure requirements. +Like many ponzi schemes, it only works until it doesn't. + +Fortunately, GameStop's digital revolution wasn't built on FTX. +The partnerships that form the backbone of this future continue to remain strong, and I am incredibly bullish on the future. +There is certainly risk that this whole debacle taints people's impression of blockchain technology, but ultimately the tech that makes it possible is separate from the experiences that it enables. +As GameStop continues to roll out new features and expanding the possibilities, we'll see even more of the true potential. + +Today is Wednesday, November 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 55 minutes in: **$27.74 / 26,67 €** *(volume: 5893)* +- 🟥 50 minutes in: $27.74 / 26,66 € *(volume: 5883)* +- 🟩 45 minutes in: $27.77 / 26,69 € *(volume: 5883)* +- 🟥 40 minutes in: $27.76 / 26,69 € *(volume: 5879)* +- 🟩 35 minutes in: $27.77 / 26,70 € *(volume: 5879)* +- 🟩 30 minutes in: $27.76 / 26,68 € *(volume: 5869)* +- 🟩 25 minutes in: $27.67 / 26,59 € *(volume: 5865)* +- ⬜ 20 minutes in: $27.31 / 26,25 € *(volume: 3088)* +- 🟩 15 minutes in: $27.31 / 26,25 € *(volume: 2984)* +- ⬜ 10 minutes in: $27.26 / 26,20 € *(volume: 2670)* +- 🟩 5 minutes in: $27.26 / 26,20 € *(volume: 2670)* +- 🟥 0 minutes in: $27.23 / 26,17 € *(volume: 964)* +- 🟩 US close price: $27.59 / 26,52 € *($27.37 / 26,31 € 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 1.0404. 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! +* Bitcoin Cash (BCH) totally fixes the quadratic scaling of sighash operations bug, by using the new transaction digest algorithm for signature verification in BIP143 (part of the SegWit upgrade). In my view, Bitcoin Cash therefore has most of the benefits of SegWit and has superior scalability properties to SegWit2x (B2X) + +* Bitcoin Cash has 8MB blocks, allowing for a significant increase in transaction capacity, while mitigating the negative impact of higher block verification times. SegWit2x (B2X) has lower effective capacity at only around 4MB, yet doesn’t mitigate the impact of the quadratic hashing bug as well as Bitcoin Cash. SegWit2x has a 2MB limit for buggy quadratic hashing transactions (while Bitcoin Cash totally bans these buggy transactions) + +* Bitcoin Cash includes strong 2 way protection, such that users and exchanges are protected, because Bitcoin Cash transactions are invalid on Bitcoin and Bitcoin transactions are invalid on Bitcoin Cash. In contrast, SegWit2x (B2X), does not include such protection, this is likely to cause mass loss of funds for users and exchanges. + +* Bitcoin Cash had a new downward difficulty adjustment, this made the Bitcoin Cash block header invalid according to Bitcoin’s rules. Mobile wallets therefore need to upgrade to follow the Bitcoin Cash chain. In contrast, the SegWit2x block header will be considered valid by existing mobile wallets, this could cause chaos, with wallets switching from chain to chain or following a different chain to the one their transactions occurred on. + +* Since SegWit2x doesn’t have safety features, that ensure both coins can seamlessly exists side by side, it is considered by many as a hostile attack on Bitcoin, without respecting user rights to use and trade in the coin of their choice. In contrast Bitcoin Cash does respect user rights and is therefore respected by almost all sections of the Bitcoin community and not regarded as hostile. + +In my view, the Segwit2x (B2X) project should now be considered totally unnecessary, as the Bitcoin Cash coin has done something similar to what was planned, but in a much better and safer way. SegWit2x (B2X) should be abandoned. + +The majority of you must be aware that the big buzz in cryptospace right now is the ETH merge. From the sources I read, the Merge will see the Ethereum mainnet merge with the Ethereum 2.0 Beacon Chain, which will complete the transition from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. This PoS is then expected to make Ethereum more secure, energy efficient, and environmentally friendly - which is great news. + +This has caused me to reconsider my investment strategy, especially since we have just emerged from a bear market. With the current trend, ETH reaching 10-20k is very likely. HODLing + DCAing + Staking has always been my strategy. I'm not sure how everyone's strategy has changed as a result of this news. I've been considering upping my game by staking my ETH on more platforms such as Binance, Nexo, and Haru Invest. + +Going back to my original query, how does this merge affect your strategy? +How long would you say on average is a good amount of time to be consistently profitable paper trading before going live? And did you yourself paper trade this long or are you speaking from the experience of looking back at mistakes? +I got a phone call today from a spoofed number (real police department number) pretending to be from the police department. He said some irs is checking my older tax return and found some improper tax reporting of my scholarship. They were gonna put out a warrant to arrest me and he was going to help me by putting me through some process. Halfway through the call I got suspicious and mentioned I should probably get a lawyer, and he hanged up. +I called the number back, and it was indeed the police department. He immediately said it’s a scam and it’s been happening a lot. He ensures I will get something in the mail if I actually have problems with the irs and calmed me down. So it turned out ok. + +My concern was that the scammer was actually able to gave the name of my university and the exact scholarship amount(they were from 6-7 years ago). And he somehow also had the idea that I might have reported it incorrect?(I don’t think so but I wasn’t sure) how did he get that information and how should I protect myself in the future preventing situations like this? +Alternate title - "why I hate corn futures". What's up theta-fam! I wanted to just break down a recent series of unfortunate events involved in trading options on corn futures (/ZC), the lessons learned from what happened, and some words of caution for proceeding. + +Summary: Sold naked strangle on corn futures 4/15. Between 4/15 and now, corn futures went from $573.25 to a high of $684, bounced off to a low of $629 the next day, and are currently climbing into the stratosphere at $673.25. Rolled untested sides and managed as best I could, eventually closed with a loss *BUT could have been much worse without sticking to the mechanics.* + +**What's the deal with corn futures?** + +First some real quick info to understand the rest of this post. Corn futures trade under the ticker /ZC, and each contract represents 5,000 bushels of corn. Corn futures are physically settled, and like other futures, the options settle into the futures contract. Put another way: hold short put to expiration > get assigned one /ZC contract > hold to expiration > get delivered 5,000 bushels of corn (if you let this happen, at something like 50 pounds a bushel, you're getting 125 TONS of corn to the face). When you read the futures price as, for instance "$600.25" - each $1 move in that product is $50 of value change to you if you have a position. Options on /ZC can be exercised early. + +**The Trade** + +The day was April 15th. I was happily making my way through Thursday and thoughts of a cold pint at the end of the day danced in my head. I saw a glorious opportunity in the making with corn sitting around $580 having already made what I considered a huge runup (LOL) and IVR sitting plenty high. So I limbered up my clicking finger and sold the /ZC 5/21 naked strangle - the 540 put and the 670 call. For my trouble I collected $350 credit on $790 BPR. I marveled at my genius in spotting such a lucrative opportunity. + +For a few days, all was well. In fact, corn dropped a little and traded sideways until about 4/20. During this time I rolled my call down to 650 (another $50 credit). Then corn did this: + +&#x200B; + +[F to pay respects](https://preview.redd.it/xxwh3p9qkdw61.png?width=944&format=png&auto=webp&s=865858b9407acaa935a4246e69b098fa132d0513) + +Corn went limit up multiple days, and just absolutely ripped upwards - 4/21 hit a high of 617 and I defended by rolling my put side up from 540 to 560 (another $156.25 in credit). 4/22 was the same thing but with feeling and we ripped to a high of $635 before slowing just a little bit. I rolled the put up again from 560 to 585 (another $287.50 in credit) and began to think this 650 call was toast. Visions of someone calling and asking me for 5,000 bushels of corn danced in my head. A few days passed and on 4/25 (Sunday) corn lifted off and hit a high of $648.50. I bailed out of May and rolled myself to the June expiration, 590 put and 690 call. All was good, I was handling this fine, I was staying mechanical, and I collected another $587.50 in credit for my trouble. No problem. Enter: Monday. + +On Monday 4/26 corn went limit up again because of course it did, and hit a high of $666.25. I threw in the towel on the call side, reasoning that ok fine if corn only goes up, so be it. I'll just ride this put into Valhalla. I closed the call for $1393.75. What do you suppose Corn did after that? + +&#x200B; + +[It's not fun anymore, visualized](https://preview.redd.it/9pr43ftgmdw61.png?width=258&format=png&auto=webp&s=7fbe451271b6c9012ea644cb94d5ae5f867bd825) + +The giant red dong hit me in the face and I closed my put for a loss, $918.75 debit. All said and done, this thing cost me $881.25, plus fees. + +Lessons learned: + +1. If I had not been rolling the untested sides appropriately, and rolled out in time when I did, I would have been obliterated. Stick to the mechanics. +2. Corn can MOVE. You think Tesla is volatile, you have no idea. Try trading corn. Or soybeans (RIP soygang). Commodities are volatile as all hell and the up-moves can be violent. +3. Stay small, this got a little hot and heavy for me near the end and influenced my decision to bail out. + +&#x200B; + +Any other surviving members of grains gang want to chime in? Anyone got a soybeans story from this same timeframe?? Anyway, futures are fun. Trade responsibly. +Like many other theta gang bangers, I mainly sell short puts or covered calls (30-45 DTE) for high IV stocks, but now I'm trying to develop a process for my weekly semi-YOLO plays. During this particular trade, I was highly nervous and baby sitting my trade because if you notice, on the 29th, I was pretty sure it was about go ITM and I was preparing to close my position when it neared my max stop loss (My premium collected \*2). Do you think I just got lucky this time, or it was a reasonable bet? Feedback regarding my process is highly appreciated! + +My planning: + +* I started scanning the price movements of tech/consumer stocks that I watch with decent IV. +* I noticed that on the 28th, AMZN had a 3% jump. +* Using my really basic understanding of support/resistance levels, I placed a bet with a 77% probability of profit that AMZN will stay below $3350. + +**12/31 AMZN $3,350 / $3,360 Call credit spread** + +https://preview.redd.it/yrf9ct9rqf861.png?width=2200&format=png&auto=webp&s=319f701111890ed09f2834116fc748ab60b170aa + +* Sold Spread price: $2.23 +* Premium collected: $223.00 +* Open date: 12/27/2020 +* Expiration: 12/30/2020 +* Quantity: 1 +* IV: \~25% +* DTE: 3 +* POP: 77.70% +* Max loss: $777 +* Stop loss: premium collected x2 +* Closed date: 12/30/2020 +* Exit cost: $45 +* P\\L: $ 178.00 +Alternate title - "why I hate corn futures". What's up theta-fam! I wanted to just break down a recent series of unfortunate events involved in trading options on corn futures (/ZC), the lessons learned from what happened, and some words of caution for proceeding. + +Summary: Sold naked strangle on corn futures 4/15. Between 4/15 and now, corn futures went from $573.25 to a high of $684, bounced off to a low of $629 the next day, and are currently climbing into the stratosphere at $673.25. Rolled untested sides and managed as best I could, eventually closed with a loss *BUT could have been much worse without sticking to the mechanics.* + +**What's the deal with corn futures?** + +First some real quick info to understand the rest of this post. Corn futures trade under the ticker /ZC, and each contract represents 5,000 bushels of corn. Corn futures are physically settled, and like other futures, the options settle into the futures contract. Put another way: hold short put to expiration > get assigned one /ZC contract > hold to expiration > get delivered 5,000 bushels of corn (if you let this happen, at something like 50 pounds a bushel, you're getting 125 TONS of corn to the face). When you read the futures price as, for instance "$600.25" - each $1 move in that product is $50 of value change to you if you have a position. Options on /ZC can be exercised early. + +**The Trade** + +The day was April 15th. I was happily making my way through Thursday and thoughts of a cold pint at the end of the day danced in my head. I saw a glorious opportunity in the making with corn sitting around $580 having already made what I considered a huge runup (LOL) and IVR sitting plenty high. So I limbered up my clicking finger and sold the /ZC 5/21 naked strangle - the 540 put and the 670 call. For my trouble I collected $350 credit on $790 BPR. I marveled at my genius in spotting such a lucrative opportunity. + +For a few days, all was well. In fact, corn dropped a little and traded sideways until about 4/20. During this time I rolled my call down to 650 (another $50 credit). Then corn did this: + +&#x200B; + +[F to pay respects](https://preview.redd.it/xxwh3p9qkdw61.png?width=944&format=png&auto=webp&s=865858b9407acaa935a4246e69b098fa132d0513) + +Corn went limit up multiple days, and just absolutely ripped upwards - 4/21 hit a high of 617 and I defended by rolling my put side up from 540 to 560 (another $156.25 in credit). 4/22 was the same thing but with feeling and we ripped to a high of $635 before slowing just a little bit. I rolled the put up again from 560 to 585 (another $287.50 in credit) and began to think this 650 call was toast. Visions of someone calling and asking me for 5,000 bushels of corn danced in my head. A few days passed and on 4/25 (Sunday) corn lifted off and hit a high of $648.50. I bailed out of May and rolled myself to the June expiration, 590 put and 690 call. All was good, I was handling this fine, I was staying mechanical, and I collected another $587.50 in credit for my trouble. No problem. Enter: Monday. + +On Monday 4/26 corn went limit up again because of course it did, and hit a high of $666.25. I threw in the towel on the call side, reasoning that ok fine if corn only goes up, so be it. I'll just ride this put into Valhalla. I closed the call for $1393.75. What do you suppose Corn did after that? + +&#x200B; + +[It's not fun anymore, visualized](https://preview.redd.it/9pr43ftgmdw61.png?width=258&format=png&auto=webp&s=7fbe451271b6c9012ea644cb94d5ae5f867bd825) + +The giant red dong hit me in the face and I closed my put for a loss, $918.75 debit. All said and done, this thing cost me $881.25, plus fees. + +Lessons learned: + +1. If I had not been rolling the untested sides appropriately, and rolled out in time when I did, I would have been obliterated. Stick to the mechanics. +2. Corn can MOVE. You think Tesla is volatile, you have no idea. Try trading corn. Or soybeans (RIP soygang). Commodities are volatile as all hell and the up-moves can be violent. +3. Stay small, this got a little hot and heavy for me near the end and influenced my decision to bail out. + +&#x200B; + +Any other surviving members of grains gang want to chime in? Anyone got a soybeans story from this same timeframe?? Anyway, futures are fun. Trade responsibly. +Option Expiration Month #1 Update + +Bottom line: on an absolute basis, it is a big fat non-event, even though the individual trades were going crazy. Crappy diversification is diversification nonetheless. + +The total P/L from all these trades in the past month or so is a whopping.....drum roll....$5. I did not pay any commissions on Webull, but if I did, it would be around $10 at 65c per contract, so I would be at -$5 net net. + +So, is this a profitable strategy? Maybe, if you think that breaking even by dealing with delisted stocks and biotech shitty small caps cratering 80% in a single day is an OK alternative to losing 7-8% in SPY over the same period of time. Is it sustainable with a larger account? Probably not, but that is what the experiment is all about. Onward and upward we go. + +A few notes: + +ENDP got delisted. The options market dried up as only closing trades were allowed. Someone panicked and bought back the put at $1.4, a cost much higher than theoretical value, for an instant loss. I bought back mine at an instant gain of 10 cents, an instant equivalent loss to the seller. Yes, the markets can be irrational at times, and I fully believe that this is due to the sheer ignorance and hubris in the new wave of option market "traders". + +PYPD shared poor study results and the stock cratered 80% in a day. If I were heavy into this stock, my account would blow up. If I were short unsecured puts, not only would I blow up, but I would end up owing more than expected. Things were going well overall until that point, and it looked like I would collect 10% total monthly premium, but this single loss wiped out all those other smaller premiums from other trades. It was not even that much in premium, as I collected $25 on the option sale. So this would be a situation of a steamroller running over me while I was picking up $5 bills on Wall Street. I will end up being a bagholder on this one, because I see that there is some explosiveness in the stock. I am not sure if selling the Oct $2.5 call is with as it pays $10 per contract, which would make my cost basis $2.15. We shall see how I manage this one. + +CLNN is an open trade, and I am still unable to find a catalyst for this one by October expiration. Last month, the premiums were juicy for no apparent reason. Sooner or later they will share some news, but I am honestly not sure when. My cost basis on that one is going to be $1.1 if I get assigned, since I collected 50 cents on the Sep options, and another 90 on Oct options. + +The rest of the stocks are non-events, or bags that I will stop holding next week when I find new/better opportunities, if their calls are not offering good premium to complete the wheel. + +That is all for now, hope you guys enjoy reading the updates, good luck to all, and cautious trading! + +Name | Avg Price | Side | P/L | Note + +AVYA 09/16/2022 00:00:00 EDT Put $0.50 | 0.06 | Sell | 12 | Worthless + +AVYA 09/16/2022 00:00:00 EDT Put $1.00 | 0.25 | Sell | 25 | Worthless + +BBBY 09/16/2022 00:00:00 EDT Put $3.00 | 0.03 | Buy | | BTC (bought to close) + +BBBY 09/16/2022 00:00:00 EDT Put $3.00 | 0.17 | Sell | 14 | + +CLNN 09/16/2022 00:00:00 EDT Put $2.50 | 0.15 | Buy | | BTC (bought to close) + +CLNN 09/16/2022 00:00:00 EDT Put $2.50 | 0.65 | Sell | 50 | + +CLNN 10/21/2022 00:00:00 EDT Put $2.50 | 0.9 | Sell | 10 | Open + +ENDP 09/16/2022 00:00:00 EDT Put $0.50 | 0.2 | Sell | | + +ENDPQ 09/16/2022 00:00:00 EDT Put $0.50 | 0.3 | Buy | -10 | Delisted + +IMPP 09/16/2022 00:00:00 EDT Put $0.50 | 0.16 | Sell | -1 | Baghold + +MNMD 09/16/2022 00:00:00 EDT Put $1.00 | 0.3 | Sell | -20 | Baghold + +PRTY 09/16/2022 00:00:00 EDT Put $1.50 | 0.15 | Sell | 15 | Worthless + +PYPD 09/16/2022 00:00:00 EDT Put $2.50 | 0.25 | Sell | -100 | Baghold + +VRM 09/16/2022 00:00:00 EDT Put $1.50 | 0.1 | Sell | 10 | Worthless + +&#x200B; +Wanted to share my results since I started running the wheel, specifically the hyperwheel, on the SP500 in March of 2022. I couldn't have picked a worse time to start this journey as my entry spot price was 4465 and we proceeded to drill for seven straight weeks afterwards which means I was assigned early and often. + +That said, as you can see from my spreadsheet, I am handily beating the negative returns yielded from a buy and hold strategy. + +**Spreesheet Screenshot:** [https://imgur.com/cSZghsb](https://imgur.com/cSZghsb) + +**The details:** + +Underlying: /ES futures + +**Leverage ratio:** + +2:1, so roughly $1M notional value on $500k net liquid. + +**Strategy:** + +Sell next expiry (1dte) ATM CSP's. When assigned, sell ATM CC, next expiry. Rinse and repeat. + +**The criticism:** + +Selling ATM short expirys makes one susceptible to gamma thus taking frequent assignment as the position ends ITM. + +**The response:** + +While true, assignment is often avoided in the wheel because people either don't have the cash or dont love the underlying enough to commit to it long term. With the SP500 there should be no concern about its eventual recovery, and yes this strategy does require a healthy amount of capital to back the positions so it's not for those with sub $100k portfolios. + +**The results:** + +As mentioned, the hyperwheel has been destroying buy and hold. My return since onset is -10%. Standard buy and hold has returned -17%. So when you account for the fact that I am using 2x leverage a more fair comparison would be -34% buy and hold to my -10%. + +My cost basis on /ES at onset was 4465 (the strike I sold my first CSPs at). Through constant premium collection, my blended cost basis is now 3968 (two different accounts). Said another way, when we eventually return to 4465 spot price, I will have realized roughly $125k in profit when buy and hold is just getting back to net zero. Note: The $125k is a forecast because if we keep drilling my basis will be even lower and therefore I'll profit even more. If we straight V recovery back to 4465 starting Monday I will not gain as fast and would probably be looking more at $90k of profit. + +**Lessons learned:** + +As mentioned, I started this journey just a week or two before the massive seven week dump of the SP500. Instead of staying true to the mechanics of the wheel, I thought I "knew better" and didn't sell CC on my assigned futures for about 4 weeks. I expected a big dead cat bounce and wanted to participate in the intrinsic gains of the underlying. What's more, I also added about $30k worth of long calls due to my sentiment being a bounce surely had to comes. Obviously that didn't play out (closed the calls out for 50% loss) as we just kept drilling and did not have any meaningful bounce until July. This violation of the mechanics cost me roughly $50k. This is why my taxable accounts return is -14%, but my roth's performance is only -3%. I didn't speculate in my Roth account as additional contributions aren't allowed, meaning I've always stuck to mechanics in that account. So now, I stay strict and play by the rules, always bringing in premium since it's the only thing I can control. If you are going to wheel, make sure you believe in the underlying and stick to the pure mechanics. There is no room for speculation or sentiment with this strategy. + +**The hyperwheels kryptonite:** + +There are two situations in which the hyperwheel will absolutely suck balls... + +1. A raging bull market. Selling CSPs is great on a slow and steady climb, but in a 2021 type year the extrinsic premium collected likely will not keep up with the underlying's intrinsic gains. There are ways to mitigate this by rolling your CSPs more aggressively at 15%-50% profit, but in this market that's not really necessary. Arguably, this is the "perfect" time to be running the wheel on an underlying you love as the general consensus is that a raging, long lasting, bull market is likely years away. +2. Massive whipsaw. This was a bigger problem early on. When I first started /ES had 3x week expirys. Now they offer daily expiry. This means I am no longer stuck in a position for two days. I can stay tighter to spot price now that everyday I am realigned to the markets direction. Daily expiries has been an absolute blessing for the hyperwheel. Sequence of returns risk could also be a thing, but statistically this is not likely as the market would literally every day have to trend hard opposite of the previous days move. This does happen sometimes (looking at your CPI and FOMC days), but it is not often enough to suffocate the gains made on the chop and consolidation days we have seen much of. + +**The requirements:** + +The underlying has to be something you fully trust. I know this is repeated often and in my opinion this strategy should ONLY be played on the SP500. Its not as volatile as QQQ and does not have firm risk like any one individual company would be subject to. It's the easiest bet for me to go "all in" on with the large majority of my accessible liquidity. Sure one could wheel $20k on a meme stock for fat premiums, but when you want to play with $1M of notional value you need to have rock solid faith in the ticker. What's more, with the daily expiries being so beneficial to this strategy, one should really only consider this for /ES. /MES only offers weekly expiries. SPY is 3x per week and does not have as favorable tax treatment. + +**Conclusion:** + +The hyperwheel works, but is not for everyone. If your requirement before entering a trade is to not be assigned or incur a loss, this isn't for you (I'm looking at you 30 delta 45 DTE wheelers). Its also not for those in theta gang that want to day trade their positions because they have a particular thesis about a company. I don't pretend to know how the SP500 will perform over the next six months. I have no sentiment on direction in the short or mid term. My intentions is to mirror the underlying I would want to buy and hold, but beat the performance via maximum premium intake as most days are chop or modest gains/drops. + +I will gladly take a loss on a /ES CSP as it just means my cost basis is being lowered on the best underlying in the world. I may be down -10% on the year, but when the SP500 returns back to being down -10% for the year at 4465, I will have six figures more in my account than I would have had I just continued along buy and holding. If SP500 goes to 4000 on a bear rally, my account turns green for the year. If we keep drilling I keep lowering my cost basis significantly. + +&#x200B; + +Questions, concerns, criticisms? + +&#x200B; + +EDIT: Update. Just wanted to clarify my only metric for this delta positive strategy has been tracking its performance relative to the SP500. Some seem to be judging this based on a negative YTD performance, which I guess I can understand, but was never the intent or objective upon entry. If you have no interest in owning the SP500 or "buying the dip" because you'd rather speculate on growth stocks, day trade, etc this is definitely not for you. +Like many other theta gang bangers, I mainly sell short puts or covered calls (30-45 DTE) for high IV stocks, but now I'm trying to develop a process for my weekly semi-YOLO plays. During this particular trade, I was highly nervous and baby sitting my trade because if you notice, on the 29th, I was pretty sure it was about go ITM and I was preparing to close my position when it neared my max stop loss (My premium collected \*2). Do you think I just got lucky this time, or it was a reasonable bet? Feedback regarding my process is highly appreciated! + +My planning: + +* I started scanning the price movements of tech/consumer stocks that I watch with decent IV. +* I noticed that on the 28th, AMZN had a 3% jump. +* Using my really basic understanding of support/resistance levels, I placed a bet with a 77% probability of profit that AMZN will stay below $3350. + +**12/31 AMZN $3,350 / $3,360 Call credit spread** + +https://preview.redd.it/yrf9ct9rqf861.png?width=2200&format=png&auto=webp&s=319f701111890ed09f2834116fc748ab60b170aa + +* Sold Spread price: $2.23 +* Premium collected: $223.00 +* Open date: 12/27/2020 +* Expiration: 12/30/2020 +* Quantity: 1 +* IV: \~25% +* DTE: 3 +* POP: 77.70% +* Max loss: $777 +* Stop loss: premium collected x2 +* Closed date: 12/30/2020 +* Exit cost: $45 +* P\\L: $ 178.00 +I'm a little disappointed about all these downgrades of Tesla ( [https://www.cnbc.com/2019/03/12/calls-of-the-day-tesla-boeing-coca-cola-monster-beverage-eli-lilly.html](https://www.cnbc.com/2019/03/12/calls-of-the-day-tesla-boeing-coca-cola-monster-beverage-eli-lilly.html)). In my mind, stocks controlled by visionary leaders hold premium. Yet, many people are selling the stock now. + +What are your thoughts? Is it a good time to jump and buy Tesla? +https://www.wsj.com/articles/sweden-has-avoided-a-coronavirus-lockdown-its-economy-is-hurting-anyway-11588870062 + +So Sweden, the country everyone uses as the 'open' comparison in the Western World, is only fairing slightly better that the rest of the European economy. +Tesla plunged 10% in extended trading after posting a larger-than-expected loss on Wednesday in a second quarter earnings update. + +Here’s what Tesla reported, versus what analysts expected based on average estimates compiled by Refinitiv: + +Loss per share on an adjusted basis: $1.12 vs. 40 cents expected + +Revenue: $6.35 billion versus $6.41 billion expected + +That compares with an adjusted loss of $3.06 per share on $4 billion in revenue during the same period last year. + +Although the electric car company fell short of analysts’ expectations, it reaffirmed full-year delivery guidance, saying it still expects to sell 360,000 to 400,000 vehicles this year, mostly Model 3s. + +Tesla delivered around 158,200 of its cars to customers in the first six months of 2019. It has to deliver more than 200,000 in the back half of the year to hit the low-end of its guidance. The company says it has a weekly run-rate of 7,000 Model 3 vehicles, and aims to be able to produce 10,000 Model 3s weekly by the end of 2019. + +To make high-volume sales of the Model 3 possible, Tesla said in its second-quarter letter, it plans to improve production at its existing factories including its battery plant outside of Reno, Nevada and a car assembly in Fremont, California. + +Tesla is aiming for a start of production of the Model 3 in China by the end of the year, which will allow it to benefit from lower costs to deliver to customers there, while reaping the rewards of local regulatory credits. + +The company recently achieved a record in terms of vehicle production and deliveries, selling 95,200 vehicles during the second quarter and producing 87,048 cars during that period, it said earlier this month. + +&#x200B; + +Elon musk tried to explain why the reason behind the 408 million dollar loss in the earnings call. + +Full earning call here: [https://youtu.be/9v5TNJ4qDQg](https://youtu.be/9v5TNJ4qDQg) +No emotions, minimum speculations, just raw impartial numbers. We will answer once and for all what is the fair value of TSLA. + +&#x200B; + +**Chapter 1. Bull thesis (and other lies I tell myself?)** + +&#x200B; + +Let's start with the typical bull thesis. The one you have probably encountered many times in the wilderness of reddit or twitter. It goes like this: + +&#x200B; + +* Tesla's car sales will grow 50% annually for foreseeable future. Eventually reaching annual production rate of 20M by 2030. Source: [Technoking himself](https://twitter.com/elonmusk/status/1310486616075579393) + +&#x200B; + +* Net margins will stay as high or even grow further from the latest 13.1% (Q4 2021). Commonly cited reasons are 4680, Gigacasting... maybe even Alien Dreadnought? + +&#x200B; + +* Tesla is a tech company. They will generate tons of revenue by selling software such as ~~Fraud~~ Full-Self-Driving, and might eventually launch their own marketplace (see AppStore). + +&#x200B; + +* Tesla is... *ETF**?* (cannot add a link to youtube video, but it is from solving the money problem) + +&#x200B; + +* Tesla ~~sex~~bot. Enough said. + +&#x200B; + +Let's start with an automotive sales part: + +&#x200B; + +* Say Tesla is such Gigachad^(TM) that it reaches 20M sales without reducing the prices or introducing the cheaper model(s). According to Q4 2021 Financial Report, current **ASP is $50.7K**, derived as auto revenue excl. regulatory credits divided by the number of delivered cars. Assuming 3% average inflation for the next 9 years (incl. current spike) the ASP in 2030 would be **$66.2K** (50.7 x 1.03\^9) + +&#x200B; + +* With **net margins of 13%** that would result in **66.2K x 20M x 0.13 = $172B net income**. + +&#x200B; + +* Eventually growth by 2030 will taper and converge to automotive industry average. As of writing, PEs of auto peers: Toyota - 9.64, Volkswagen - 6.88, Ford - 10.10, GM - 7.10, BMW - 4.75. But Tesla being Tesla, so we award an automotive **Tesla PE of 15**. + +&#x200B; + +* Tesla market cap by end 2030 is (drum roll...) **172B x 15 = 2.58T**. An absolute automotive leader with 20M sales at an average price of 66.2K USD, with outstanding operating margins (\~twice the industry average), with PE 15 (approximately twice the industry average) will triple from the current valuation (or double from January 3's)? + +&#x200B; + +* Taking an average of 7% market growth leads to Net Present Value (NPV) of 2.58T / 1.07\^9 = **1.4T\*,** so *...* Tesla on January 3rd was pretty fairly valued? Although why would anyone invest in a single stock for a 7% growth versus investing into SPY? + +&#x200B; + +* From the other angle, if you invest in TSLA now (market cap of 890B as of writing) it will return you (2.58 / 0.89)\^(1/9) = 1.125 or **12.5% annually**. Not too shabby, but also anything but impressive in contrast to its growth in the last two years. + +&#x200B; + +But careful observer would remind me that we are talking about *Tech* company and not an *Auto* company. But before we go there... let's discuss what is wrong with the bull thesis above. + +&#x200B; + +**Chapter 2. Automotive market.** + +&#x200B; + +Many analyses that I have read address future volumes only from the perspective of the supply. Analyses argue that the ramp up of the existing factories plus the introduction of new ones can support 50% growth, eventually reaching 20M car sales by 2030. What they often fail to address is the total addressable market (TAM), which is in our case the EV market in 2030. To be clear, below we will include both plug-in hybrids (PHEV) and battery electric vehicles (BEV) as parts of the EV market. The main reasoning is that for a wide target audience PHEV covers 95% of all use-cases (daily trips within a city) with electric power, therefore creates a real alternative to buying BEV (what happened to me and my wife personally). + +&#x200B; + +No doubt the EV market will be enormous by 2030. In particular: + +&#x200B; + +* EU proposes to ban new ICE cars by 2035 ([source](https://www.reuters.com/business/retail-consumer/eu-proposes-effective-ban-new-fossil-fuel-car-sales-2035-2021-07-14/)). Citation: "... if the EU raised its CO2 emission reduction targets to 50% by 2030, it would bring new fossil-fuel car sales across the bloc down to virtually zero by then... Brussels also proposed allowing plug-in hybrids to count as low-emission vehicles up to 2030 ...". From this we can assume **EV penetration rate of a 100% in EU by 2030.** + +&#x200B; + +* China plans to transition 40% vehicles sales to so-called "New Energy vehicles" (that include plug-in hybrids, fuel cells, and battery electric vehicles) by 2030 ([source](https://www.autonews.com/china/china-explores-ambitious-goal-ev-sales-2035)). So **EV penetration rate in China of 40% by 2030.** + +&#x200B; + +* and USA target half of all vehicles sold in 2030 in US to be electric (also includes plug-in hybrids, [source](https://www.nytimes.com/2021/08/05/climate/biden-tailpipe-emissions-electric-vehicles.html)), i.e. **50% EV penetration rate for the US by end 2030** + +&#x200B; + +* The rest of the World mostly do not have any plans for phasing-out Internal Combustion Engine (ICE) cars ([source](https://en.wikipedia.org/wiki/Phase-out_of_fossil_fuel_vehicles)). Anecdotally, when I visited my hometown of 300K population (in former USSR country) last winter I couldn't locate a single EV, whereas they are common in European city where I live now. We will make an assumption of **20% EV penetration rate for the rest of the world.** + +&#x200B; + +2019 automotive sales by region as a percentage of the global are as follows ([source](https://www.iea.org/data-and-statistics/charts/passenger-car-sales-by-key-region-2010-2020e)): China - 26.5%, EU - 25.3%, US - 18.0%, Rest of the World - 30.2%. By taking into account assumptions on regional EV penetrations rate, we obtain: 0.265 x 0.4 + 0.253 x 1.0 + 0.180 x 0.5 + 0.302 x 0.2 = **0.509 or 50.9% global EV penetration rate.** + +&#x200B; + +The next step is to evaluate total car sales in 2030. There are various forecasts, however most of them are in the same ballpark. According to ResearchAndMarkets ([source](https://www.businesswire.com/news/home/20211014005505/en/Global-Automotive-Market-COVID-19-Growth-Forecast-2020-2030---ResearchAndMarkets.com)) global automotive sales should reach **122.8M units by 2030.** Worth noting that global automotive sales did not practically rise since 2016. Yet most of the research firms keep 2030 target by adjusting CAGR, which I personally find as an unlikely scenario. Especially with the recent inflation, chip shortage, supply chain and other issues. + +&#x200B; + +Nevertheless, by multiplying forecasted global automotive sales to global EV penetration rate we obtain **62.5M EV cars (PHEV + BEV) to be sold in 2030.** It is important to understand that this is a **bullish estimate rather than the base.** First of all, we applied a very rude global level calculation. To be more accurate we need to apply analysis on the regional levels. In particular, auto sales for the rest of the World and China are expected to grow much faster than in the EU region. Therefore, lower EV penetration rate of the former (20% and 40%) relative to the latter (100%) would result in the lower global EV sales by 2030 than we estimated. Second, it is clear by commentary of the experts and the press that the aforementioned phase-out plans are ambitious and can be taken as a stretch targets. Elon in 2020 himself believed that the global BEV market would only be 30M by 2030 ([source](https://twitter.com/elonmusk/status/1310486616075579393)). + +&#x200B; + +**Chapter 3. Tesla's market share.** + +&#x200B; + +From [EV-Volumes.com](https://EV-Volumes.com), we can take the annual global EV sales for the past years. It's easy to estimate Tesla's market share from this graph: + +* 2018: 245K / 2082K = **11.8%** +* 2019: 367K / 2276K = **16.2%** +* 2020: 500K / 3240K = **15.4%** +* 2021: 936K / 6750K = **13.9%** + +&#x200B; + +Not to raise an alarm, but it looks like Tesla's market share peaked at 16.2% and already started to decay. Two years is a bit short of a timeframe to make conclusions on the trend. But it is difficult to restrain yourself from making a connection between the loss of Tesla's market share and ramp up of Chinese OEMs, VW (id family), and wide range of PHEV from legacy. + +&#x200B; + +For 2030, in my most bullish view Tesla can at most maintain its 13.9% market share. Take into account the combination of increasing aforementioned competition and almost nonexistent roadmap of Tesla. To elaborate, Tesla has in production four models (two original designs from aesthetics perspective - head and tail lamps, bumpers, interior, etc.) - Model S/X and Model 3/Y. Cybertruck is expected to launch soon, however according to Elon himself, the target for CT is a mere 250K annual production. + +&#x200B; + +Model S/X is already a 10-years old design (except for the front facelift and an interior update). Model 3/Y's original design is 5-years old with no major updates yet. Given the 4-5 year median time between announcements and production of Tesla, we should not expect any new mass production model(s) before 2026. Especially given an already long pipeline of unfinished projects (Cybertruck, Roadster - niche product, Semi, etc.). By that time Model 3/Y would be 9 year old design (comparable to the current state of Model S/X). + +&#x200B; + +We have observed firsthand what such aging without any major updates might mean for the sales. Since 2018 combined sales of Model S/X dropped from 101.5K to 24.4K in 2021 (it was going down consistently for all the previous years as well, so do not attribute overall drop just to a model refresh). It is not difficult to understand why. When someone buys a new car for $100K, that person wants to make sure that people around recognize it as a new car for $100K and not say 10-year old used one for the price of $30K. + +&#x200B; + +So in order for Tesla to keep up the market share it needs to step up its game in introducing new models and doing major updates for existing ones. If people will start considering Model 3/Y to be rather outdated, the demand will fall off the cliff as we have seen with Model S/X. The fall of Model S/X can be attributed to the release of Model 3/Y. But unlike in 2017, there are far more alternatives now to the aging Model 3/Y as well. + +&#x200B; + +Despite all that, let's consider Tesla will sustain its 13.9% market share through 2030. Recall our estimates on EV global sales of 62.5M in 2030 and we obtain **8.7M Tesla cars to be sold in 2030.** This is whopping **56.5% lower** than in the original bull thesis, and will respectively lead to a **TSLA valuation of 1.12T USD in 2030.** An **annual return of 2.5% (below inflation)** if you invest at current prices. + +&#x200B; + +**Chapter 4. ASP** + +&#x200B; + +Perhaps for Teslanaires throwing $50K at a car is no big deal, but for most people said $50K is actually big money. If Tesla wants to sell 8.7M cars it needs to either (or preferably both) reduce the ASP of existing model lines or introduce cheaper ones. Especially given the aforementioned points on increasing competition, poor roadmap and aging line-up. + +&#x200B; + +8.7M correspond to 7.1% of the total projected car sales in 2030. Only two brands (note, not manufacturers) had comparable market shares in 2020, namely Toyota with 8.5% and Volkswagen with 7.8% respectively ([source](https://www.statista.com/statistics/316786/global-market-share-of-the-leading-automakers/)). It is only logical to assume that the price distribution of Tesla cars should follow that of a Toyota or Volkswagen rather than, for example, Mercedez-Benz (3.1%) or BMW (2.7%). Neither Toyota Motor Corporation nor Volkswagen Group do not break down the sales and revenues by brands. We will take Toyota as an example as it only contains 2 major brands (Toyota and Lexus) in contrast to 5 major brands of Volkswagen (Volkswagen, Audi, Skoda, Seat and Porsche). + +&#x200B; + +According to the latest [Toyota Financial report](https://global.toyota/pages/global_toyota/ir/financial-results/2022_3q_presentation_en.pdf) (Q1-Q3 combined) **ASP of Toyota car is 3.8M yen or 33K USD**, estimated by dividing automotive revenue of 23.3T yen by car deliveries of 6.1M. In reality these 23.3T yen also included financial services, and 6.1M deliveries also include Lexus, but it's a good enough approximation. Under the assumption that Tesla can dictate $5K premium for the same market share, **Tesla's 2030 ASP is $49.5K** (38K x 1.03\^9) or **25% lower** than the original bull thesis assumption of $66K. + +&#x200B; + +Deducting these extra 25% results in **TSLA valuation by end 2030 of $840B**, or **-0.7%** **annual return if you invest today**. See the discrepancy between these numbers and 3-10T valuations TSLAnalysts target for as soon as 2025? And they often claim that nothing other than auto sales are included in their models. + +&#x200B; + +**Margins.** + +&#x200B; + +One topic I will not touch in this post is net margins, as it deserves its own DD. For now we assumed the same margins in all of the cases. In fact, lower ASP (e.g. cheaper models), increasing number of service centers (to keep up with production), etc. would definitely put a pressure on margins. On the other hand Tesla investments in Gigacasting and structural batteries might (or might not) help to increase margins. Drawbacks of the latter two is lower (to none) repairability that would lead to higher warranties costs. As I said, the topic deserves its own DD. + +&#x200B; + +**Chapter 5. Share dilution or Twitter polls** + +&#x200B; + +When we discuss the share price we should also touch such concept as *share dilution.* Even if Elon personally says enough and stops diluting shareholders via his out-of-this-universe bonus plans. Note that for the last 5 years alone number of outstanding shares increased from 0.8B to 1.12B ([source](https://www.macrotrends.net/stocks/charts/TSLA/tesla/shares-outstanding)), and to my understanding that might not yet include non-executed options of Elon (experts please weigh in). + +&#x200B; + +Due to the expected high-growth, i.e. ramp ups of existing ~~factories~~ Gigafactories and introduction of new models, Tesla is unlikely to offer stock buybacks until 2030. And even if we assume that Tesla will not raise any more funds either, share dilution will still take place via employee stock compensations alone. + +&#x200B; + +A good comparison would be Amazon, unlike Microsoft or Apple who offer a lot of buybacks. For the last 7 years Amazon experienced an average share dilution of 1.1% ([source](https://www.macrotrends.net/stocks/charts/AMZN/amazon/shares-outstanding)). Needless to say this is a bullish target for a company in a more infancy stage such as Tesla. Applying average of 1.1% over the course of 9 years (end of 2030) brings **total share dilution to 10.3%** (1.011\^9). + +&#x200B; + +On top of that, Elon demonstrated that not only he loves to bonus compensations, he is open to sell them, i.e. increase the *float.* Which is in short to mid term is even more important for a stock price than outstanding shares as it increases the supply on the open market. But in shouldn't play a role in theory for the long term (again, in theory). + +&#x200B; + +**The results:** + +&#x200B; + +If I would want to invest in Tesla now, such that it returns me in average annually 10% (vs 7% average of SPY) and we apply: + +* our estimated target for market cap of **840B USD**, +* and take into account bullish 10.3% share dilution, + +Tesla should not be valued more than: 840 / 1.1\^9 / (1.103) **= 323B USD today** + +&#x200B; + +Or with the current number of outstanding shares: 323B / 1.123B = **287 USD per share today** + +&#x200B; + +For Tesla bulls: before you say it's outrageous, note how this model still results in $TSLA current market cap equivalent of Toyota and way bigger than VW group. And all that due to the high expectations of growth alone. However, **expectations of high growth over the long timeframe involves a lot of risks, that we didn't even account for.** + +&#x200B; + +**Chapter other product lines of Tesla:** + +&#x200B; + +As for the other product lines, it's difficult to judge them now as they are in their infancy. Solar installation seems to be dropping since the days of SolarCity ([source](https://pv-magazine-usa.com/2018/05/03/tesla-energy-storage-deployments-way-up-solar-slows-further/)). Since 2018 solar installations seems to be recovering and the energy storage seems to be increasing (source: latest quarterly report). However, it is clear from the financial statements that both of these businesses lose money already on the gross margin level. In particular, Tesla reported Automotive Gross margins of 29.3% and *Total* Gross margins of 25.3%. + +&#x200B; + +How a company exactly calculates gross expenses might differ, but losing money on the gross margin is rarely a good sign. It often means that the costs of goods sold already exceeds the selling price. Think of it as Tesla spending $100 to buy solar tiles, another $50 for shipping, and $200 for labor to install it, whereas only sells it for $250 to a customer. On top of that there are operational expenses that include general management and accounting, engineers, marketing, their bonuses, office expenses, etc. that affect Operating margins. + +&#x200B; + +The TAM of storage and solar by 2030 is debatable. It is clear however, that the biggest solar companies in the world ([source](https://www.investopedia.com/10-biggest-solar-companies-5077655)) have valuations of just few billions. So adding 100s of billions to Tesla's valuation based on Solar business is unreasonable. I bet the same holds for energy installation business. + +&#x200B; + +**Chapter Hype: Fraud Self Driving** + +&#x200B; + +This one is the closest to my heart. Disclaimer, I work for the top automotive semiconductor company and contribute to automotive sensors for high-level autonomy. And by proxy, I also have some understanding of the post-processing side of things, what Silicon Valley folks refer to as Machine Learning, Sensor Fusion, Behavioral Planning, etc. So I could probably write the whole DD just related to this topic, but instead I will try to keep this chapter simple. No discussions on the strategy, sensor suits, architectures. We will only talk about simple concept - *disengagements.* + +&#x200B; + +Since Tesla doesn't share any statistics on disengagements of FSD, we can only rely on the videos coming from the OG Tesla ~~shills~~ beta-testers. If you explore the prairies of Youtube you will encounter hundreds, if not thousands, of FSD videos. At first, you would be even impressed. But we fellow investors should not mix emotions with raw numbers. + +&#x200B; + +After your careful research you would realize that (anecdotally) average disengagement rate is about 1 disengagement per 1-5 miles. Elon's statements on Tesla being on the path of marching nines is heavily misleading. If you think emotionally, a car driving all by itself for 1 to 5 mile is an impressive feat. And maybe it is, which is not an achievement of Tesla per se, but the whole industry since the days of Darpa's challenges and even before. + +&#x200B; + +But if we think practically, we realize that 1-5 miles is too short of a distance. In average US driver drove 14000miles in 2019 ([source](https://www.kbb.com/car-advice/average-miles-driven-per-year/)). For the sake of the argument, let's say that not all FSD disengagements would have led to lethal accidents if not taken. Be it 10%... f\*\*k it, say 1%. That is still 1 lethal accident per 100-500 miles. Or 28 - 140 lethal accidents per year. Would you trust a system to drive you or your loved one home, if you know that the system will try to (or successfully) kill you every second week or even day. + +&#x200B; + +If Tesla reduces disengagement rate from there by 100, You still end up with 0.28 - 1.4 dangerous disengagement per year. That's where the big problem starts to appear. Since a car is NOT trying to kill you for 364 days in a year, you start to become complacent and that's where the first accidents will happen. After few lethal accidents people perhaps will become very cautious again. + +&#x200B; + +Fast forward, Tesla reduces disengagement rate by another factor of 100. Now it's one lethal accident in 100-300 years! Tesla so far produced 2.5M cars with FSD take rate of 10%, i.e. 250K wild FSDs out there. And that results *still* in 830 to 2500 lethal accidents per year due to FSD. + +&#x200B; + +And that is how marching nines looks like. When Tesla will fight against statistics as people will get more and more complacent. But we are long way from this. + +&#x200B; + +**Chapter Hype: To be continued...** + +&#x200B; + +I could also rant about 4680, Gigacasting, vertical integration. Especially on the last topic I have something to say from semiconductor perspectives (given Tesla's ambitions with FSD chip and DoJo). But all of these topics I might include in some other DD later on. + +&#x200B; + +**Chapter History.** + +&#x200B; + +A bit of a detour into a history of stock market. I like to compare Tesla to C*isco*. Just like Tesla, Cisco was **the** ***stonk*** **in 2000**. Cisco actually was the **World's biggest** company by market cap with a valuation of 500B, adjusted to inflation - 800B. But that number makes no justice to what Cisco was. In 2000 the World GDP was about 34B vs 84B now (source: [statista](https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/)), SPY was around 150 vs 470 now. So, Cisco price was equivalent to 1.25 to 1.5T of today's dollars. + +&#x200B; + +And yet, market analysts did claim that Cisco still had a lot of room to grow. For instance, [this bloomberg article](https://www.bloomberg.com/news/articles/1999-09-13/cisco-could-be-the-safest-net-play-around) claims Cisco was the safest Net play back then. And another [nice fella from Credit Suisse believed](https://www.bizjournals.com/sanjose/stories/2000/03/20/story2.html) Cisco will be valued at 1T in just a few years! 1T of 2000 dollars no less. Does such claims sound familiar? At the time of the article, 37 investment banks rated it buy or strong buy, and NONE sell or even hold! By the way, article was released on 19 March 2000. See how they almost perfectly timed the top? + +&#x200B; + +By looking at CSCO all-time chart you can see how the story ended. In 20 years the price haven't recovered to it's ATH. Add to that how much market has grown, inflation, and you will realize that the real returns are much worse than -28%. Nowadays Cisco is the real solid company with a current valuation of 230B and PE ratio of 20. The problem is it was just too overvalued and too overhyped around 2000. Was Cisco a part of the future back in 2000? Absolutely. But sometimes you need to ask yourself how much that future is worth. + +&#x200B; + +It doesn't really matter whether Tesla is 1-5-10 years ahead of competition. What matters is how much that lead actually worth? + +&#x200B; + +**Conclusion** + +&#x200B; + +My conclusion results that the bullish target for TSLA is 287USD. I am not a financial advisor so only you yourself are responsible for you financial decisions. + +&#x200B; + +P.S. Fun fact, $TSLA is valued at approx. $890B / 2.5M = $356K per every car Tesla ever sold (it was $480K per car as late as January 3). When Hertz "announced" 100K order from Tesla, $TSLA jumped around $400K per every car. This creates an interesting philosophical question: didn't we just discover perpetuum mobile? You can buy a Tesla car from a wealth generated by $TSLA which in fact would increase the value of former even more. Could it be that all Tesla buyers are former or current $TSLA holders? khm.... + +Edit: since many people are so kind to ask me to short Tesla, I just wanted to make clear I already shorted: [positions](https://imgur.com/a/EOz1rlC). Main position is 25x 250p Jan'23. +$240k existing mortgage balance. 10 years left on a 15 year note @ 3%. Great rate, but my goal is to cut expenses so I can go part time now and coastfire while the rest of my investments grow. 50M. Live in New England. + +I read about the ability to 'recast' a mortgage which includes making a large principal payment (I'm saving for/targeting $120k) and keeping the term/rate/note all the same - the bank recalculates and the payment is lower. I called my bank and they said they would allow this one time, for a fee of $300. + +Because our mortgage is by far our largest expense, this seems like a great way to lower our overhead. + +Does anyone have any experience doing this? + +Seems like a good option. Yes, I realize the money invested might bring more than 3% but then I have to feed the monster and make the full payments for 10 years. I'm ready to go part time now, and want the comfort of lower cash flow requirements. + +Any feedback appreciated! +Hi All, + +I wanted to share my strategy with you all this weekend and as a byproduct stroke my own ego. Here is the screen shot of performance: + +&#x200B; + +https://preview.redd.it/wgnrk9h6awf61.png?width=960&format=png&auto=webp&s=187c7a10ddc23ef25f15996884ce240348246dec + +I benefited from one key point. When March dip happened my analysis pointed to a V-shape bounce back which I think will continue for the foreseeable future. + +What I did was use 80% common shares and 20% options strategy. When things got interesting I would even use synthetic shares (long calls/short puts). I do NOT use leverage which helps me sleep better at night. Do not do what I do but just read it as entertainment. + +I do almost 100% of my DD on options strategy and anything interesting that I cannot be bothered with I buy common. When I buy calls I go heavy. For example look at my calls for my latest DD: + +&#x200B; + +https://preview.redd.it/vd78alz7awf61.png?width=693&format=png&auto=webp&s=5d5dbf063960d701662924fd3f64d06c17e4ae80 + +In this current environment with stimulus pending it pays to be aggressive. Dance till music stops. + +I like to publish my DDs because people can have a constructive discussion about it. For those of you who want to see the type of DD I do here is what I did for my current bet: + +========================= + +Funko is a deep value company left for the dead, but analysts are slowly waking up to the idea. It’s a reopening play. It is the most similar stock/company to GameSt0p. It is very cheap. It’s new expansion in Europe is not priced in. Collectors are going nuts over Funko Pops due to stay at home. Prices for Pops are increasing. It is becoming the new beanie baby fad. Downside is limited but the upside is massive. + +&#x200B; + +https://preview.redd.it/o2qraze9awf61.png?width=1030&format=png&auto=webp&s=9d3deb449d993dfe22620668f9509b18294ec8e6 + +&#x200B; + +https://preview.redd.it/hjgyt6jaawf61.png?width=911&format=png&auto=webp&s=ae5bf00080178193db7af3dc25c673c58f609235 + +**Sales trends have reversed and going up:** Funko saw a sharp drop in demand about a year ago. Hence the price dropped in anticipation of low demand. But that trend was temporary as you can see in google trends graph demand is back. So now it’s a cheap deep value stock that is poised to make a comeback. It’s cheap with lots of upside potential. At all time high it was $29.08. When it was selling less pops it was more expensive. Analysts haven’t realized that Funko sale trends have reversed. The price is suppressed due to being lumped into mall/retail business but Funko pivoted hard to ecommerce. + +**Collectibles are back:** We saw the price of Pokemon cards, Silver, used games, and collectible stamps go up during pandemic. The stock price for GameSt0p, Collectors Universe, et st has gone up. Funko has all the same characteristics but because it’s a smaller company no one really woke up to its potential. + +**Ecommerce expansion in Europe:** European payment processors are reporting high transaction volume in regards to Funko. This made me clue in to the increased demand driven by e-commerce. Most analysts are using USA data but the is missing a major part of the expansion plans that Funko set in motion in 2019 and became fruitful in the second half of 2020. + +**Reopening stocks are poised to outperform**: If you are not interested in any other thesis about the company a simple sector rotation is the only reason many need to buy this retailer. Will the malls open in 3-4 month? Yes. So this will jump back up to its previous levels just by the virtue of that fact. + +**Great collaborations:** Need I say more? Disney has been killing it and their pops are produced by Funko. The following is from their website: + +&#x200B; + +https://preview.redd.it/vdu9zgrbawf61.png?width=1478&format=png&auto=webp&s=faee254977e31aa89ef9958f180f6d61f9d43846 + +**New Fad of collecting Pops: (This is the new Beanie Babies)** A world record was set just recently for collecting Pops. You just have to do a simple YouuTube search. It's nuts. The most impressive is that 1.7 million people viewed the video. This brings attention to the hobby of collecting pops and people who were buying little have started buying more. Prices for out of production lots have started going up. + +**Clear uptick in demand.** These are trends for Funko on google shops: + +&#x200B; + +https://preview.redd.it/wfyma7tcawf61.png?width=1027&format=png&auto=webp&s=fa81cacb00fd2355dd0a834ff51fde522bd50a2f + +**Analysts are waking up to the trend:** Funko had a sell/hold rating just last month. Look what’s happening. Now it has a Strong buy/Buy rating. The price is going to reflect this soon. + +&#x200B; + +https://preview.redd.it/euppe6pdawf61.png?width=344&format=png&auto=webp&s=19276a5b966aef8ab49411809e1923f452738260 + +**GameSt0p Similarities:** GameSt0p sells Funko Pops and have full shelves dedicated to this. People are going to go to GameSt0p more and Funko will benefit from increased foot traffic. Buying Funko now is like buying GameSt0p when it was below $5. Profits are made before the run up starts. The run up on Funko is starting now. It has taken the first step of it’s spirit to new all time highs. Funko is the most similar company and stock to GameSt0p. +If you buy into META at $97, what will you do if the stock goes to $50 based on worsening continuations of current trends? If ad demand dampens, if ad rates decline, if metaverse spending continues to ramp up, how will you feel? If you will love the stock at $50 and buy even more, and the thought of seeing your initial investment cut in half doesn't make you want to throw up and cut your losses, you have your answer. + +I bought into META at just over $200 per share. Although I assumed a 50% decline was hypothetically "possible," I didn't believe I would have to confront this question. +# Introduction + +It's obviously not an ideal situation to be approaching retirement age without enough money to retire comfortably, but if you find yourself or a loved one in this situation, it's important to approach it pragmatically, gather information, and put together a plan sooner rather than later. + +This guide is aimed at two groups: + +1. People who are 50+ years old with insufficient or borderline retirement savings. +2. Concerned relatives of an older person or couple that *may* have insufficient retirement savings. + +A lot of this information is US-specific, but the general principles will apply well to most developed countries. I've included some resources for other countries and if you have more information for your country, please leave a comment below. + +# Gather information and assess the situation + +It's important to avoid making assumptions. Some people forget about an old 401(k), IRA, or pension from years ago. It's unlikely that any "found money" will be significant, but every bit helps. + +- Assess projected social security benefits on https://ssa.gov/ for each person including any [ex-spouse](https://www.ssa.gov/planners/retire/divspouse.html) or deceased spouse that may qualify the person for benefits (i.e., [survivors benefits](https://www.ssa.gov/benefits/survivors/)). Also apply for Medicare, Medicaid, and any other assistance programs if applicable and eligible. + +- Gather information on *all* savings, investments, pensions, annuities, home equity, and any other assets. Make sure savings and investments are appropriately allocated between savings and conservative investments (covered in the [PF investing wiki](https://www.reddit.com/r/personalfinance/wiki/investing) and ["How to handle $"](https://www.reddit.com/r/personalfinance/wiki/commontopics)). + - [How to find an old 401(k)](http://www.401khelpcenter.com/faq/faq_39.html) + - [How to find an old pension plan](https://money.usnews.com/money/blogs/planning-to-retire/2015/09/25/how-to-find-a-lost-pension-plan) + - [What should you do with your home equity in retirement?](https://www.morningstar.com/articles/875445/what-should-you-do-with-your-home-equity-in-retire.html) + + Check and verify everything. Make sure that you check each and every job held in the past to see if there is a retirement account that wasn't tracked. While it might not be enough for everything, even a small increase can improve the overall situation. + +- Gather information on current spending level and debts. It is never too late to [start a budget](https://www.reddit.com/r/personalfinance/wiki/budgeting) and see whether spending aligns appropriately to the financial situation. Also compare current spending to expected retirement income and spending levels. + +- For most people, retirement income comes one or more of the following sources: + - Social Security income + - Pensions (defined benefit plans) + - Withdrawals from retirement accounts (defined contribution plans), investments, and other savings + - A working spouse or partner + - A part-time job + - Real estate, business, or other income + - Financial help from other family members + + In particular for withdrawals, it's important to understand and apply the [4% safe withdrawal rule](https://www.thebalance.com/what-is-the-4percent-rule-in-retirement-2388273). If most income will be coming from withdrawals and Social Security, assess savings and investments using the [age-based benchmark recommended in this article](https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire). Progressively more and stronger corrective steps need to be taken the further below those benchmark numbers an older person is. + +# Corrective steps + +- Continue working as long as possible or find ways to increase income. Make catch-up contributions to IRA(s) and workplace retirement plans, HSA if applicable, etc. as per "How to handle $" which applies as long as someone is working. + +- Aggressively reduce costs and/or sell assets if necessary: Downsizing a home, moving to a more affordable area, living with relatives, renting out rooms, you name it. Don't ignore the little things like subscriptions and make sure every dollar in the budget is going to a good purpose. Everything will help reduce the total needed on a monthly basis which adds up quickly over the years. Any small change now can reap huge benefits when looking at the years ahead. + +- Generally speaking, if projected retirement income is insufficient compared to projected retirement spending, it becomes necessary to continue working for more years, reduce spending, increase income, receive financial assistance from relatives, or some combination of those measures. + + In particular, working longer provides a quadruple benefit: + - While average incomes drop slightly after the peak earning years of 45-55, earnings remain high for most people, especially compared to the early career years of one's 20s and early 30s, maximizing the ability to save more money for retirement. + - Any existing retirement investments have more time to grow. + - It shortens retirement length. + - And it increases the social security benefit. + +- If it seems like it will be necessary for family members to render monetary assistance, plan for it now. Children or other relatives who know they may need to help support an older relative can start saving earlier. Planning for this in conjunction with other changes to the lifestyle of the key person or couple can dramatically improve on the worst-case scenario. Look at options such as living with a child or relative (and ensure there will be adequate living space for that in the near future). Ensure that everyone involved is included in any plans will help reduce the odds of awkward conversations and disappointment. Having conversations when it is too late to change course is not a good idea. + +- If it's not possible to continue working, more drastic steps may be necessary. Some examples: + - Selling an expensive financed car and buying an older used car. + - Selling a home that is years away from being paid off and beyond what an unexpectedly retired person can afford to keep. + +- Consider getting [professional help](https://www.reddit.com/r/personalfinance/wiki/financialadvisors) for complex situations. + +# Resources for other countries + +Country | Resource +-|- +Australia | [Age Pension and planning your retirement - Australian Government Department of Human Services](https://www.humanservices.gov.au/individuals/subjects/age-pension-and-planning-your-retirement) +Canada | [Retirement planning - Canada.ca](https://www.canada.ca/en/financial-consumer-agency/services/retirement-planning.html) +UK | [Checklist – preparing for retirement - Money Advice Service](https://www.moneyadviceservice.org.uk/en/articles/checklist-things-to-do-as-retirement-approaches) + +# Other resources + +- [How to Provide Financial Help to Aging Parents](https://www.kiplinger.com/article/retirement/T013-C000-S002-how-to-provide-financial-help-to-aging-parents.html) +- [National Council on Aging: Resources to help seniors stay independent](https://www.ncoa.org/older-adults-caregivers/) +- [The Fidelity Retirement Score](https://communications.fidelity.com/pi/2015/retirement/) +- [PF Wiki: Estate planning topics](https://www.reddit.com/r/personalfinance/wiki/index#wiki_end-of-life_and_estate_planning.2C_death_of_a_loved_one) + +--- + +Thank you /u/amessofstress for originally suggesting this topic and thanks /u/CripzyChiken, /u/lawdogwm, /u/minorcommentmaker, /u/ElementPlanet, /u/Mrme487, /u/ejly/, and /u/yes_its_him for all of your feedback and suggestions. +Need some help regarding best way to proceed in this situation. + +In January 2022, I opened up a Roth IRA w/ Sofi robo investing. I contributed $6k to 2021 account and then contributed $1k to 2022. I made around 115k in 2021 so thankfully did not overcontribute. + +This year, I suspect I will make over the contribution limit for single filers under 50. My gross income will likely be around 160-165k thanks to a PRN gig I picked up. I also will max out my 401k contributions this year. + +If I am calculating this all correctly, I believe my income will be too high this year to contribute any money to my roth IRA. + +My initial investment of $7000 in January (split between 6k for 2021 and 1k for 2022) is now sitting at around $6500. + +Not sure how to proceed from here. Have read multiple posts/articles on this but seem to have confused myself even more. +A few people have been talking about investing in gold, and I just want to make a PSA about PMGOLD. The "0.15%" fee on this product is extremely deceptive for young investors, who will get hit the worst by it. If you are planning on investing less than $10k, that fee can be more like 1-2% because of the way it is structured. Every year, 0.15% of your holdings, *rounded up to a whole unit*, are garnished in lieu of that fee. So at the current rate of about $27, that's a $27 fee for whatever investment you hold up to $18,000, or a $54 fee for $18-36k etc. (See edit) + +If you're young and scared and want to put $2k in gold for safekeeping, this is probably not the instrument for you. The annual fee will be around 1.35%, and that gets worse the smaller your investment gets. + +Edit: I misread/misremembered this w.r.t. the 18-36k bracket, but the advice for young/small investors remains unchanged. Read the PDS on any product before investing, and don't just take the advice of internet posts!!! +Ive been watching the crypto markets for years but only recently have I really dedicated time to staying disciplined and finding a strategy that is effective. I am now doing some research into algo trading and have come to a standstill. If the crypto market is saturated with bots why are we still seeing so much volatility on bitcoins daily closes. It would seem I could make a bot that places a buy and sell order at 7:55 and close both in profit before 8:10. After 8:10 I close both long and short legs. It would be a high percentage winning strategy but the losses would be larger. However I think the consistency of this daily close pattern is often enough that the high percentage winning trades would offset the larger losing trades. I am a complete noob with algo trading, however I do understand how to trade and navigate price action in markets fairly well. +So, first this isn't a "my algo loses money, so I'll just have it short and make millions" post. I've just been working with an idea and the downward signals are promising )while the upwards are garbage). Promising enough that I'm considering moving it into the small-scale testing bucket. But all my experience lies in long stock, and options. + +Average time in a trade for this is in the 5 to 15 minute range. It will check the broker's easy-to-borrow list for the algo's candidate list and only trades those stocks. And of course will consider the extra margin requirements in trade sizing. + +Other than obviously starting small, is there anything special I should watch out for? + +So far the biggest PITA is my platform is all custom built and a lot of changes and testing will be involved in introducing it to the concept of "down is good". :) +Seriously though, are these fucking idiots thinking anyone is gonna panic sell at this point? At least let the price rise back up to ATH before dropping it back down. Personally, watching the price drop gives a half chub. Honestly hoping for the price to drop under $100 one last time, so that I can buy 100 more moon tickets to DRS. Tick tock you hedgefucks, we ain’t leaving! +Hi everyone, + +This is the first post of a series on Greeks. My goal is not only to go through basic concepts but also to go deeper into some ideas. I want to show you how greeks change with each parameter and add a layer of complexity to what most of you certainly already know. + +Most importantly, I want to give you tools and not tell you how greeks vary, but why they vary, so you can hopefully build your framework and improve your reasoning about options. Let's dive into it! + +&#x200B; + +**What is Vega?** + +Vega is simply the sensitivity of an option's price to a 1% change in implied volatility. For example, a 5.00$ option with a 0.25 Vega should be worth around 5.25$, if IV increased by 1%. (I will do a separate series on IV, there's a lot to be said). + +&#x200B; + +https://preview.redd.it/vdf5xf0eg0i71.png?width=603&format=png&auto=webp&s=d742ebbe4ff2b7e47e11fee20ca414c8b77cbd09 + +&#x200B; + +Options you buy always have a positive vega. This means that you would profit from a rise in IV, why is this the case? + +As IV rises, the probability of an option ending ITM increases, but so does the probability of ending OTM. This is because as IV rises, the probability of very positive and very negative returns increases. As the holder of the option, you can only lose your premium in one direction, but have unlimited gains on the other. It is this asymmetric return profile that makes vega positive for options buyers. + +Thus, vega is simply a measure of how the price of your option would change when IV varies. + +&#x200B; + +&#x200B; + +**Vega and DTE** + +Vega is greater for longer-dated options. This means that options far away in time are more sensitive to changes in IV. + +Indeed, imagine two call options, option A expiring tomorrow and option B expiring in two months. Both of the options are very OTM and have the same strike price. + +Due to some event the IV of the stock spikes. Let's assume stock price stays the same. Do the chances of option A expiring in the money change much? No, there is not enough time for the volatility to be realized. In other words, there isn't enough time left for the option to be ITM. However, option B is now more valuable as there are "realistic" chances that it will expire in the money. + +You can also think of it this way. The less time to expiration the more reasonably accurate “the market” can be in assessing where the underlying will land at expiry. Similarly, more time to expiration equals less precision – more unknowns – on where the underlying will land. Thus, the more time to an option’s expiration – the more vega an option will have. This makes sense as time value makes up a larger percentage of the premium for longer-term options and it is the time value that is sensitive to changes in volatility. This results in a higher vega for options with longer time to expiration in order to compensate for the additional risk assumed by the seller. + +https://preview.redd.it/ukp5z5ulf0i71.jpg?width=655&format=pjpg&auto=webp&s=687822881fa986b3c5762cde908fbc03b51c32b6 + +&#x200B; + +**Vega and Moneyness** + +As you can see on the graph, vega is at its greatest point with an at-the-money option. An option’s vega becomes less and less the further your option is from the at the money strike. What that means is a 1.00 delta call will have almost no vega. Indeed, it is so deep ITM that changes in IV won't impact the probability of it ending ITM. A .70 delta call will have more vega compared to a 1.00 delta call and less than a .50 delta call. Similar would hold true for puts. ATM options have the most extrinsic value, this is because they have the most uncertainty whether they'll expire in or out of the money. The deeper ITM the money, the more likely it will expire ITM, therefore less uncertainty. OTM options have less uncertainty further from the money too. + +&#x200B; + +**Vega Risk** + +Thus, Vega risk is the risk due to changes in volatility. Understanding Vega risk is important in any options strategy or position, as it can generate unforeseen risk, even if all the other greeks are hedged perfectly. Option vega can be hedged with another option only. The best vega hedge is a nearby strike of the same expiration month. This relationship is reduced the further the hedged long month is from the hedged short month. + +Traders using strategies that are short options, thus short vega (meaning that a rise in volatility would cause losses) should carefully review their risk when entering positions + +**Conclusion** + +I hope you liked this first post on a series on the greeks, when we'll start talking about IV and the myths around it, we might get into some more complex topics. Let me know what you thought! + +Good luck trading and enjoy your week! +Hello all, long time lurker, first time poster to this sub. + +Some background: 25yo, graduating with a BS Electrical Engineering degree this spring with zero debt to my name including student loans. Have roughly $7k in savings while working a paid part time internship of which I have been able to dedicate about 20% of each paycheck into savings give or take a couple months. This position also has a full time offer ready for me prior to graduating. This position will provide many benefits including 401k matching, however I’m not positive on how much but will definitely max out the matching as soon as the benefits are provided. These finances are unrelated to the lump given to me, just wanted to start by eliminating the option of investing into current debt since there is none and I believe I’m financially stable at the moment. I have incredible parents and family to thank for no student loans in which I will be forever great full for. I believe this has been what has driven me to be successful and continue down the path of ensuring none of my credit cards acquire any outstanding balances after a statement. + +Okay now to get to it short and sweet. + +A close relative has passed away and I have been gifted $6k in the form of a check with the sole purpose to invest in my future. I have never dabbled into the thought of investing as I haven’t had the funds available and have just been busy with school and trying to create a small savings. With this check I was also given a book called “Your 20’s” by Peter Dunn since my mom knows I have zero existing knowledge about investing. I have skimmed through this book to gain general terminology since finance is not an engineering course so it is all very new to me; also because it’s actually a very interesting read and written in a way such that i can understand. + +From what I’ve gained so far, Roth IRA seems like a safe investment in which provides a great return over a longer amount of time. Like I’ve stated, this money is solely for investing in my future so I do not want to risk losing it by dabbling in the stock market personally or really anything that provides similar risk. My only catch is that I’d hope to be able to purchase a home within the near future; say 3-5yrs. Now I don’t think that this $6k can get me a 20% down payment covered in such short time, however I’d like to be able to invest it in a way that can be accessed for contributing to my first home. This is where I’d appreciate some insight. Since I’m not super familiar with all of the processes and terminologies, any responses written in a ELI5 format would be highly appreciated however not mandatory. I will try my best to decipher anything not fully understood. Thank you all if you’ve made it this far. + + +TLDR; Gifted $6k solely for investing in my future. Want to make a safe investment with decent returns while also being able to access the money to help provide a down payment on a home in 3-5yrs. +Taking the plunge, I have a personal assistant starting in January. She's going to help run the house and help out with my commercial real estate business (weekly/monthly bookkeeping, tenant emergencies, etc). 30 hrs/wk. I've been struggling to manage both the business and home life as a single dad, so it was either get someone to help or step back from the real estate and accept being RE stay-at-home dad, which I'm not quite ready to do. + +Posting to see if anyone has tips/suggestions on how they operate their house with a PA, what works what doesn't? Do you give them a separate credit card, or segregate a household operations checking account? I was thinking to manage everything through google sheets - to do lists, any type of list, house "operations manual", etc. + +We don't have a big house, so they'll be a staff of one, with the idea being that they outsource more of the "hands on" work to become more of a true household manager as the role (and finances) grow. + +I need to get payroll set up and talk with insurance about "all the things" (including harrassment rider etc just to be safe), I'm familiar with that from the business side, I'm more wondering what did and didn't work in your house? TIA +*Introduction* + +Hope everyone had a good Memorial Day! Not sure what everyone else did, but I took some time to do some finance stuff. I don't know that I came to any earth shattering conclusions, but I appreciate seeing these kind of posts from others so I figured it was my turn to participate. + +*About Us* + +Me (33M) + Wife (31F) + 2 Kids (3 and 1). I work in public education (college prof) in MCOL college town, wife is SAHM. We both are invested in finances, but I am more strategic/long term planning and she is more tactical/in the weeds. Don't kick me out - I don't really have a Fat FIRE number (although part of why I did this was to make one), more just a goal of being able to normal FIRE if something catastrophic happened and being able to FAT FIRE by 45 or so if I want to. + +This post reflects our real situation (well, I rounded the numbers off to help with anonymity). One of the big themes of this post is that you can tell different stories depending on what you decide to focus on. If you want to argue that we've had life handed to us on a silver spoon, it is an easy argument to make (both parents paid for undergrad, great job, large gifts from family, etc...). Likewise, if you want to argue that we've worked really hard to grind every ounce out of those opportunities, that is also an easy argument to make (we both earned full rides with scholarships/stipends always in excess of tuition costs [i.e. we made money while getting all the way to a Ph.D. for me and a B.S. for her], we lived frugally early on and only slowly inflated lifestyle, we both work hard). + +Ultimately, it is clearly a combination of both. And now, enough talk - time for numbers. + +*TopLine - 2018 Income and Expenses* + +As promised, a pretty graph of all income/expenses/savings in 2018 - https://imgur.com/gu8rw2H. Key things that jumped out at me (and let me know your thoughts too): + +* I always knew I had a good salary/bonus, but wow total comp is higher than I realized. Employer health insurance + retirement matching is incredible (about $40,000 - basically a second "bonus" right there). + +* After looking at the graph, I can't decide if we live really cheaply or really extravagantly. Argument for extravagance - holy guacamole, did we really spend 180k last year? I feel a little sick looking at that number. Argument for cheaply - let's think about this in a recurring retirement context with a paid off house, cheaper healthcare plan (employers is way more than what we need), and scaling charity down according to new income/spending (since we target 10%). That puts recurring expenses at 50-60k without really trying to squeeze the budget. + +* Yes, we give a bunch of money away ($40,000 last year, $30,000 recurring). It is our single largest expense (certainly discretionary expense). We're a family of faith, and while I don't preach "prosperity gospel" I do believe that tithing is pretty clear and God means it when he says "From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked." Anyway, this sub will probably give me more leeway here than some. Credit also goes to my wife here for managing all the different requests, checks, schedule, etc... + +* The 401(k) is really a combo 403(b), 401(a), and 457. Thank you IRS for giving us more tax advantaged space! Roth is obviously the backdoor kind. + +* Nice to have basically $0 for childcare apart from pre-school tuition (which, granted, is a luxury since it is more to give our older son a head start in life versus childcare). Also nice to help keep groceries and housekeeping pretty low - again, wife adding value here even though it doesn't show in the income side. + +* We basically do Dave Ramsey light by avoiding most debt (nothing other than the house on 15 year note). We still use credit cards for rewards and don't listen to his investment side at all. That explains the one-time hit for a new car (2018 Honda HRV) but the lack of ongoing car payments. Wife drives a 2016 Honda Odyssey Minivan, so hopefully we will be set on cars for another 7-10 years/until true driver-less tech comes out. + +* Top Expenses by Category - https://imgur.com/xzXekCk. Note I grouped expenses differently here than above. This is more of a "cash" focus while above I tried to be more holistic. + +*Investments and Projections for the Future* + +* Sorry, this section is a little more boring. Nothing particularly exotic here, except perhaps in response to all of the "can I FAT FIRE on VTSAX only?" questions. + +* Total networth is about 1.5M (including home equity) or 1.25M (investable assets). + +* Asset allocation is ~70% VTSAX, ~20% VTIAX, ~10% VBTLX (or equivalents at other brokers). Question - should I hold VBTLX in a taxable or tax advantaged (traditional or Roth) space? I have it in taxable right now since I'd rather let the equity growth ride in tax advantaged space, but Bogleheads seems to disagree with me. My thinking is I'll do a bond tent in the style of the ERN's and draw down from bonds first in retirement. What do you all do? Assume a 25% all in marginal rate and equity returns at 10% nominal/8% real. + +* Assuming current investable assets are 1.25M, we add 125k/year, and the market grows at an 8% real rate we will have about $6,500,000 in today's dollars at 45. At a 3% withdrawal rate, this would yield just under $200,000 - wahoo, this is greater than total current spending! +So my dad paid $800 for a real estate workshop over the weekend and he's asking me if he should give them the $50,000 they're asking for in exchange for information on how to make money off of tax liens and deeds as well as how to "flip homes", etc... + +It seems too good to be true to me but he seems convinced. Does anyone have any experience with "REW advanced training" ? They have different packages ranging from $35,000-$50,000 offering real estate search software and services like that. + +Anything would help. The last workshop is tomorrow and I don't want him making a poor decision. He's been unemployed for a while so he's desperate. + +Edit: Thank you to the fellow Redditor who sent me that scam review link. My 50 y/o old man is utterly grateful considering he was going to actually do it. + +Edit #2: I appreciate the responses, thank you. However does anyone know what my dad can do for work? He doesn't have a college degree but has 20+ years experience in healthcare management. He's way overqualified for everything he applies to... +**EDIT: Added some based on comments from others** + +Ask the following questions: + +1. Do they have a prototype and/or code? +2. Do they have more social media posts about their crowdsale than their idea/technical progress? +3. Where do the funds collected in the crowdsale go? An individual, a multi-sig, or a contract? +4. Is there a breakdown of what the funds will go towards and how they are budgeted? +5. Who are the people involved? Are they well known in the community or otherwise have a reputation? (IMPORTANT: Advisors usually don't count. Look at the founders.) +6. Are they building a community around their idea? +7. Is their idea worth investing in? +8. Are you able to contact the project team through Gitter, Slack, email, or other channels? ([/u/PurpleHamster](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwfpoe/)) +9. Is there a visible public positive relationship between team members? You can usually look to public Gitter or Slack channels for indications of this. ([/u/PurpleHamster](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwfpoe/)) +10. Are they using a lot of buzzwords? ([/u/PurpleHamster](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwfpoe/)) +11. How well can the developers and co-founders explain their project in plain English? ([/u/PurpleHamster](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwfpoe/)) +12. Do searches on their personal and professional background show any red flags? Do they show any information at all or does it seem hidden? ([/u/TXTCLA55](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwmn9l/)) +13. Is the use case they are presenting generic or vague? ([/u/cryptopascal](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwg0ll/)) +14. Do they have a user base or a plan to attract a user base beyond claiming that it will work because of "network effects" or the "obvious enhancements it provides the users"? ([/u/cryptopascal](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwg0ll/)) +15. Can you understand at a conceptual level, not necessarily a technical level, what they are trying to accomplish? ([/u/cryptopascal](https://www.reddit.com/r/ethtrader/comments/63raxd/before_investing_in_an_ico/dfwg0ll/)) + +Disclaimer: I am writing this on behalf of myself and not on behalf of any of my employers. +Maybe not 100% irrefutable proof, but here's what I found. + +First, there's this PDF hosted on what looks like the official Venezuelan government page. + +http://minci.gob.ve/wp-content/uploads/2018/01/EL-PETRO-ES-INDEPENDENCIA.pdf + +Here's the link to the main site: http://minci.gob.ve/ + +Now if you know Spanish, you'll notice there's no mention of "Ethereum" or "ERC-20" in there anywhere, BUT I ended up going to the directory that the PDF is hosted in, and voila: + +http://minci.gob.ve/wp-content/uploads/2018/01/ + +It's open, and there's a ton of files in there, but if you CTRL-F the word "petro", you'll notice in your scroll bar that there are 3 sections of files that match. The first section is the PDF I linked to above and some images of the cover, the second section is a set of images called "Petroleo", and they're just mining rigs, and then the 3rd section of images are these: + +http://minci.gob.ve/wp-content/uploads/2018/01/petro.png +http://minci.gob.ve/wp-content/uploads/2018/01/petro-980x556.png +http://minci.gob.ve/wp-content/uploads/2018/01/petro-1.png + +and a bunch of other ones of different sizes. + +You tell me if this is proof. Not sure how long that directory will remain open like that, but hopefully enough people catch it so they know I'm not making this up. +Coinbase is the gateway into crypto for nearly everyone in the US. With that comes certain responsibilities and so far they seem to have been making efforts to keep their standards of professionalism high and maintain transparency. + +Last nights' announcement by Coinbase to list ETC shocked nearly everyone. Obviously Coinbase has the right to list whatever they want, but the reason everyone was so surprised was that it doesn't seem to fit with anything they have said in the past. + +Binance lists shitcoins every other day and no one bats an eye because Binance hasn't released a stringent framework for listing digital assets, while Coinbase has. And since they have, they need to be held to the standards that they put forth. ETC may very well meet those standards, but with every new asset that Coinbase lists, they should release a report that details **how** the asset is in line with their own framework. + +Please do not construe this as an ETH maximalist who is hurt that ETC exists. I believe it has every right to exist and flourish, but over the past couple years there has not been any significant development or adoption (that I am aware of) to warrant a Coinbase listing. + +The BCH listing was very controversial because of the manner in which is was listed. However, the actual listing wasn't as controversial. A few weeks before the listing BCH was actually taking hashpower from BTC and there was an active community and development. Also the fork was very recent and most people were expecting Coinbase to at least give access to the BCH that was on still being held. The circumstances are very different here, ETC wasn't even in the top 20 until this recent pump. + +We need to hold our community and the exchanges accountable to promote transparency and quality. Please reach out to Coinbase however you can, tweet, email support, etc, and **ask for transparency by releasing a report that details how they see ETC fitting into their Framework for Adding Digital Assets.** + +https://www.gdax.com/static/digital-asset-framework-2017-11.pdf + + + +Last week i signed up for a trading account and the "free" advisor i was allocated was aggressively persuading me to invest heavily. He asked lots of questions of what saving i had etc, but i now think it was to build a plan around what to get me to buy to make me to reinvest further. +I invested £25k :( + +I know i've messed up and was all my fault, but i gave too much trust to the person i was speaking to....anyway i'm now at this situation where i have several open trades, at different volumes all running at a loss: + +Tesla - BUY - 0.5 = -£3516 (daily swap fees of £200 a day) + +nasdaq\_M21 - BUY - 0.25 = -£9500 (daily swap fees of £150 a day) +nasdaq\_M21 - BUY - 0.25 = -£6000 (daily swap fees of £150 a day) (hedge position) + +nasdaq\_M21 - SELL - 0.25 = +£6000 (daily swap fees of £150 a day) (hedge position) + +nasdaq\_M21 - BUY - 0.10 = -£700 (daily swap fees of £35 a day) + +Basically because the first nasdaq trade started to lose money (cos he told me to buy 0.25 volume - because he said its quicker wins) he told me to open this hedge position thing, by opening and buy and sell trades...but this left me with no money ...so he said i had to add funds before my margin % hit 50% else it would auto sell...so i added all of my remaining money ...another £10k - but i dont know what to do.. + +Any advice welcome as i just dont know what to do to try and get out :( +I was hoping to receive some advice. + +***Current situation:*** + +* approaching 40 years of age +* stable job that can be done from anywhere +* £33K salary +* currently saving £1K a month +* renting cheaply in West England +* £65K in savings +* no pension pot (just opened one with NEST) +* no dependants/expensive habits +* no family support/future inheritance +* maxed-out Help to Buy ISA (+£3K if I buy a property) + +***Concerns:*** It feels silly to let my savings continue to lose value due to inflation. I've considered buying a property but my budget (£200K) doesn't seem to get anything decent in the urban areas that interest me. + +***Questions:*** + +* I appreciate it can be down to personal priorities/inclinations but, given my situation, what would you do to safeguard your future/invest in your present? +* I feel a lot of pressure to do something with my savings, mostly due to how I feel I haven't acted on it for so many years. Is this pressure justified, or is there a scenario where not acting and keep saving cash makes any sense? + +Thank you very much for any advice. + +–––––––––– + +**EDIT**: I didn’t expect such exceptionally helpful response, thanks everyone. I hesitated for such a long time to seek advice, and now I wish I had done it a long time ago. + +My main takeaways/learning points from the comments so far are: + +– Above all: **getting on the property ladder is the best investment available to me right now**. + +– After that: look at pension options other than the meagre NEST I’ve just enrolled in. + +– Premium bonds can help avoid inflation, but won’t build wealth. + +– Contrary to my belief, a LiSA can be opened concurrently to my existing Help to Buy ISA. If I save for 10 years, and I am happy not to touch £40K between 50 and 60 years old, I will get £10K for free. It sounds sub-optimal but still good enough to pull the trigger while I can. + +– There were several suggestions on other types of investments, which honestly went a bit over my head. +Two of my fave indicators are the SMA100 and the RSI Relative Strength Index + +SMA100 : gives me the general Trend of the market + +RSI Relative Strength Index : allows me to know if the market overbought or oversold + + +What do you use for your trading strategy ? +So... My dad told me the other day that he has 5k in cash that he's saved up over years. He wants to deposit the money ss it's mostly old £20 notes which are going out of circulation. He is scared he'll be taxed on it as earnings for that single tax year as he's self employed and has to declare everything. + +So he's asked me to deposit the cash for him into my bank account and then transfer it to him. + +I won't lie this feels pretty questionable but am I doing anything illegal? + +It feels like it could easily be seen as money laundering or such. +I am new to the crypto world and did not realize that FreeWallet is a known scam that steals money. I had 200-250$ worth of NXT and BTC on my account. + +They wont even let me access my account from my browser, I managed to log into the app with my email but all I have left is 20$ worth of bitcoin. My transaction history of even purchasing NTX isnt even there. + +They took everything. Is there anything I can do? Their customer service message channels are also not loading, conveniently for them. + +Absolute scam, please stay away!! + +UPDATE: It was a success reddit! After how popular this post got my NXT was returned. Because of ridiculous minimum transfer costs i couldn’t get all of my crypto off their website but i got most of it so that’s good. I see they are trying to play victim in the comments so LET ME BE VERY CLEAR: the iOS thing is a lie, i was able to look at the NXT in my balance multiple times on my phone browser throughout the morning and day (i had been traveling so i was constantly checking my accounts because I’m ocd like that). Then come night, my accounts were extremely difficult to access and upon logging in did not show the NXT and the overall account BYC balance was 200$ low, just like i said. Do not let them play victim. A quick google search can show how people have lost money from them and even places like r/monero have them listed as a scam. They resolved my issue because of the bad publicity. A couple resistors kindly donated to me before all of this was solved, i will be messaging them about returns. I hope everyone had a merry Christmas! + + +I just read an article in a local danish investment magazine that predicted Panasonic to grow massively the next 5 years. Reason is: + +1. Panasonic is massively undervalued as is. While most other tech stocks are growing Panasonic has been forgotten and hasn't really grown at all. This is despite them being one of the biggest EV battery manufactures. They make the batteries for Tesla. This is largely due to them being seen as another Japanese tech company that operates in a ton of boring markets and make largely unexciting products. While this has been true in the past it might not be the case in the future: + +2. The company has just started a full restructuring. Instead of being in around 50 different markets (try going to their website), they plan to reduce to being in 15-20 markets that have growth potential (such as EV batteries). They also have new senior management and are planning to restructure the company into a "western" style holding company with different sub-companies (such as Google and Facebook has done with their Alphabet and Meta restructuring and rebranding). This gives them more options for starting new ventures and selling/spinning off other branches that do not benefit the group. This also allows them to separate their consumer and industry products more. They make everything from electric razors, to batteries, and to industrial automation under the same brand currently. With the restructuring these different products will be more clearly managed under different companies and brands. + +What do you think? Is Panasonic a good value stock? +I recently signed an offer for a contract position as a Quantitative Trading Intern at this company. Originally, I was confused by this wording in the offer letter and paid no mind to the "contract position" part. However, the original position I applied for was not even a Quant Trading position it was a Technology Intern position. So, I was excited to sign it as I've been looking for Quant roles. Another weird additional detail was that I am only going to be getting paid $20/hour for the position. This seems like a very low wage for this position and also for an independent contractor. + +As I have recently received my "Contractor Agreement" from them I have started to rethink this role. I was wondering if any of the community here recognizes some fishy business practices with this. I certainly do. +I’ve read several people here emphasize the importance of position sizing... + +Can you please give some insight into how you think about position sizing or point me in the direction of some further reading. + +Thank you! +AlphaZero, Google AI based on Reinforcement Learning, has learnt to play chess in less than five hours without any other suppervision or previous strategy knowledge other than chess rules. It defeated wold champions and the advanced software known as Stockfish. + +During some games AlphaZero made strange moves, even ridiculous ones, for humans where it lost some important pieces. Nevertheless, it was the clear winner. AlphaZero proved it was able to learn not only to win but also to fool humans and even more, other software. + +What about the financial markets? Nowadays, they are showing high volatility and very unexpected moves not easy for experts to explain. In the era of complex AI & Machine Learning Quant Strategies and Algo Trading, could it be possible that one or more algorithms based on Reinforcement Learning had learnt to fool other algorithms performing unexpected trades, even losing money, but preparing the environment for the "master trade"? +I'm somewhat of a beginner in algotrading and technical analysis etc. But I've been looking at bitcoin charts and long / short term exponential moving averages. + +I've found that for any period in bitcoin pricing history I would make a profit by buying when the short term EMA passes the long term EMA, and selling when the short term EMA passes below the long term EMA. (yes, I've taken into account the cost of buying and selling bitcoin) + +An example is this: if I were to have bought / sold bitcoin using this strategy on the kraken EURO market since the 8th of July. I would have made a 42 euro profit if I bought 1 bitcoin. That is a 7.35% ROI for a month. Here's the code: http://pastebin.com/2wuMPGRd + +and the code produces the following result: +84.40999999999985 +41.764942000000005 +42.64505799999985 + +where 42.64 is the profit I would have made with this strategy. I've tested it for different periods of time and it seems to hold. There must obviously be some problem with my strategy since people are not doing it, so what am I doing wrong? What am I not accounting for? Were I simply just lucky? + +Recently I’ve been creating a program that (hopefully) be able to pull stock data from polygon and backtest strategies on it. + +One thing about polygon is that the data they provide has no filling done for candles with no volume, and because of this there are a lot of missing minutes in premarket, and some during the day for low volume stocks. + +Does anyone have a good solution so this issue? Or even another api that leaves the zero volume candles inside there data comparable to polygon (I just wanna make sure I can get up to two years of minute candle data.) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Wtf? I googled 'gamestop earnings' to see when the date was going to be and I see that not only has GME missed earnings for Q4 2021 but they will massively beat it at the end of Q1 2022 and then apparently we all give up and the hedgies win after a massive miss in Q3 2022. + + +&#x200B; + +[Google results for 'gamestop earnings'](https://preview.redd.it/y85pmrachgc81.png?width=1975&format=png&auto=webp&s=14f4008c0fd1ced25233c5c3314744e2fbd7de73) + +&#x200B; + +Just to see if it's not just a glitch for gamestop, I googled 'aapl earnings'. Funny how it's correct for AAPL... + +&#x200B; + +[Google results for 'aapl earnings'](https://preview.redd.it/x19vf0uhhgc81.png?width=2052&format=png&auto=webp&s=8814599a159ff8fa7c2b1b636a2af85c408ce913) + +&#x200B; + +And look at that, the results for 'tsla earnings' is correct as well. + +&#x200B; + +[Google results for 'tsla earnings'](https://preview.redd.it/gw9b98pnhgc81.png?width=1832&format=png&auto=webp&s=6c07df3d5069dd25a878ab5542914e78919a105f) + +Even popcorn is correct: + +&#x200B; + +[Google results for popcorn earnings...](https://preview.redd.it/8097tv9shgc81.png?width=1989&format=png&auto=webp&s=96001c29d2b8833dc8e6db194dbc6477eda3128f) + +&#x200B; + +Why is Gamestop so misreported? + +&#x200B; + +Wut doing Google? +1. A proven backtested strategy +-dont switch up strategies bitch, pick one and stick to it, if you reading this and you know u switch up strategies more than you change underwear trust me you wont make it +2. Psychology +-dont fuck up your own psychology, its not the market, its YOU +3. Risk Management +-dont fucking overleverage, we’ve all been there it doesnt work and its gambling + +I could go more in depth with these but no one is paying me too so take what you can get + +Incompetence at even only one of these will be your downfall +Reddit as we know is hugely popular and forex isn't exactly a niche area... Look at how crazy active things like crypto are, weedstocks, wallstreetbets etc. When I first typed in "forex reddit" and found this sub reddit I was expecting at least 100k subscribers and everyone posting their trade ideas, setups and general market talk but this doesn't really happen here, any ideas why not? + + +There's another place I found called forex factory which is an old school forum and it's pretty active in selective areas like trade discussion but the forum looks horrible. I wonder why /r/forex is so quite 🙁 +&#x200B; + +So I'm new to forex trading and I've just come up with this strategy. But before I spend time backtesting I want to make sure the strategy isn't completely idiotic. (I have made a trading plan which details everything else - if needed I can provide this). + +So here's the basic rundown of my strategy and a picture of an entry (I've also attached an image below). + +Timeframes traded: Daily and 4 hour + +1. First I plot major support/resistance levels on the monthly and weekly timeframes and plot these. I will use these timeframes to grasp the overall longer-term trend. +2. I will see if there are any support/resistance levels on the daily or 4 hour timeframe which have been confirmed. (confirmation = price tested the level twice) +3. I will wait patiently for price to approach this level and wait for a reversal candlestick pattern such as an engulfing bar. +4. Price has to also bounce off (or come quite close to) the bottom/upper Bollinger Band. +5. If going long stochastics need to be in oversold levels and vice versa for going short + +If someone could check over this just to make sure the strategy isn't "too simple" or "needs another indicator" I'd really appreciate this! + +https://preview.redd.it/qofu3rdh4qe61.png?width=1920&format=png&auto=webp&s=e8667b18a89c2fd4909afec74676336f7b39c368 + +https://preview.redd.it/4xqoxvdh4qe61.png?width=1920&format=png&auto=webp&s=777e5d35dfcdaf07763e3f19b255b62112bd1b15 + +https://preview.redd.it/t9r1fydh4qe61.png?width=1920&format=png&auto=webp&s=0d843e91d8804f81043720523b88ccd0d411bad0 +When talking about forex with the ability to make great profits to someone new, immediately that person wants to do the least amount of work, acquire the least amount of knowledge and spend the least amount of time and be as profitable as possible. It's an equation that doesn't make sense but a newbies go to. Why? +Hope you and your family are safe. I see a lot of noobs asking for strategies so I thought I'd share one myself. + +You can use this on any time frame. I even use it for scalping on the 1 minute. So here we go. + +Draw horizontal support and resistance on your chart. Wait for a break of these levels. After the break, price will set a new high/low. Now wait for price to pullback to the broken level. Now you can look for candlestick patterns to confirm continuation from the broken level (conservative) or just enter when price touches the broken level (aggressive). + +Stop loss goes behind the broken level (hard for price to reach) and take profit just in front of the last high/low that was set after the break (easy for price to reach). + +Only enter when take profit is 2x further away from your entry compared to your stop. If it's not, there's no trade. + +With this 1:2 risk to reward you need to win 33% of your trades to break even. So if you can get an edge that gives you let's say 55% win rate with this strategy, you're making profit. + +Risk 1% of your stack per trade and always practise on demo first. Log all of your trades in a journal. Review your losers to see if you can find stuff you can improve on. + +You can add a momentum indicator or oscilator for confluence if you like. + +Don't overcomplicate. Stay healthy. +I thought it was important to highlight that all of the brokers have the same clause as eToro. Take a look at Schwab: + +Directly from Schwab's account agreement: + +" Amendments will not affect rights or obligations either of us incur before the effective date of the amendment. No prior conduct, past practice or oral statement by any Schwab employee or agent can amend or modify this written agreement, including, but not limited to, Schwab's right to liquidate or close positions in a margin account at any time and without notice as set forth in the Margin and Short Account Agreement." + +Source: [https://www.schwab.com/legal/schwab-brokerage-account-agreement](https://www.schwab.com/legal/schwab-brokerage-account-agreement) + +TD Ameritrade: + +"You can sell my securities or other assets without contacting me" Again, this is under margin accounts. + +Source: [https://www.tdameritrade.com/retail-en\_us/resources/pdf/AMTD182.pdf](https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD182.pdf) + +All of them can margin call you. Unlike brokers and banks, they don't need to give you a grace period to come up with the funds. They don't even need to give you the *privilege* of a phone call. + +What about Computershare? I think this sums it up nicely: + + +"What happens to my registered shareholding if Computershare is no longer the transfer agent? + +​In the context of registered shareholding Computershare as transfer agent is acting as a recordkeeper. Transfer agents do not have ownership of the securities for which they maintain the records of in any circumstances." + +and + +"Are DRS shares ‘locked up’ on Computershare’s systems? + +​No. Shares in DRS form can be sold and purchased via the US public markets and can only be transferred by the investor or his or her broker with permission." + +"Do you hold SIPC insurance (or any other insurance to protect shareholders)? + +​SIPC is not relevant in the context of transfer agents, as investors' assets are on the register, and the register would be taken on by a successor agent. Computershare carries professional indemnity insurance as cover for other issues." + +This last one is really telling. Let me know if I'm wrong (I like the green crayons most) but this means that Computershare isn't taking large stupid bets with your shares, they can't and don't lend them out for short sellers. There is no real reason why they would go bankrupt, and even if they did, they would still have your shares on record, in your name. + +Source: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +The only weak link I see in Computershare is the fact that they need to use a broker to buy and sell shares on your behalf. They state that they use Merrill Lynch (Bank of America) which doesn't sit well with me, personally. However, if you're like me and are waiting for these crooks to be in a cell, no sell. + +Do your DD and once you've come to the conclusion that you can't trust any of these brokers, cash account or margin, you just might feel the need for a purple donut. + +DRS. +# WE DID IT!!!!!!!! APES STRONG TOGETHER! + +Tweet from Nordnet: + +[Translation: \\"Nordnet wil register a \\"non-vote\\" in the general assembly of gamestop\\"](https://preview.redd.it/1dplrvq7ov171.png?width=537&format=png&auto=webp&s=665c23b9133a5e755360aa51727814e9c6634fcf) + +I lOVE ALL OF YOU! Thank you for making this post visible! thank you all! + +# This is for the 329 812 shares to be voted for! Help us spread this! + +I have been mailing, teksting, calling and Facebook posting them for some time. and today i finally received the following comment from them: + +Facebook OP: + +[Facebook comment](https://preview.redd.it/c4pmobghcu171.png?width=497&format=png&auto=webp&s=7a4a5dc8763f43d306a375e8a688831136bee5f3) + +**Translated:** + +From me: + +"Dear Nordnet - Please let us vote. listen to your customers and take your responsibility! If we are not able to vote, make an effort to at least vote blank for us so that the vote count goes through!" + +**Answer:** + +Hi, we are investigating the possibility to register a "non-vote". We will give out information to all shareholders when we have reached a conclusion" + +&#x200B; + +**How can you help?** + +Continue to add pressure. Not to be a big ape d\*\*k, but to help motivate them. Without us, they don't have a company! GO GO GO + +Not financial advice!!! + +Buy, Hold, Vote! + +Edit 1: typo's + +**Edit 2: WE DID IT - information added!** + +Edit 3: Added correct amounts of shares (thank you u/nioxstar for the information) +Warm greetings from me to you, honourable intelligent WSB folk. Long time no see, bald beard bet (aka bull-fucking-a-bear) guy here with an update (and not a fin advice). + +I know, some of you PermaBulls haven’t been feeling great lately, because SPY gay bears like me have been mercilessly interfering with your anuses on almost a daily basis. Well, in that relation, I have no good news for PB - because 🌈🐻 vanity fair is highly likely to continue, and I fucking warned you about this [300 days ago](https://www.reddit.com/r/wallstreetbets/comments/mwevzz/the_big_short_20_why_bears_may_soon_reconsider/)! Therefore, buying puts during pullbacks like the current one looks like a solid strategy to me, as the Big Short 2.0 SPY 2022-3 target is $220. However, I’m not here today to talk about red, but rather I would like to point at the big green dildos candles incoming. + +“Butt where’s some good green shit, bald man?” - the question I sense floating in the air. + +Lemme be perfectly clear. GameStop is set to RIP (arses), starting today! + +[GME daily chart](https://preview.redd.it/eyiok6qba7i81.jpg?width=2388&format=pjpg&auto=webp&s=75f49673b175591e2b90f71781210d93d5ae5dd4) + +The technical outlook provided above may appear a bit overwhelming from the first glance, but I’ll explain everything in a *sec*. + + +&#x200B; + +# I. Elliot Waves and Fibo: + +https://preview.redd.it/44h7jobja7i81.jpg?width=2388&format=pjpg&auto=webp&s=28783785d3c2fc25de11c9b21221d0b1a1d9e535 + + +The horizontal 🌈 lines you see on the chart above is the Fibonacci retracement tool, the measurement starting point is applied to April 3rd 2020 low of about three bucks (shorting hedgies surprised Pikachu face type of reversal), and the top point is Jan 27th 2021 inter-day high of about $450; this period constitutes GME phoenix-like reversal and the first chapter of the short squeeze of everything (squeeze your nuts yourself you fucking bot). Just a quick reminder, that Fibo is used by ‘traders (anagram)’ for measuring the potential corrective move, and 0.786 Fibo is a sweet and attractive level to hug and support the 2nd, corrective Elliot Wave - EW (for the in-depth discussion of why 0.786 is the perfect level for the price to touch down during a correction, refer to the Big Short 2.0 linked in the second paragraph of this post). All in all, 78.6% retracement level is one of the strongest support levels for the global bull trends that exist, and GME recent price action is the perfect manifestation of that. Therefore I really doubt that we will go below $100 in the near future. + +04|03|20-01|27|21 bullish price action used for initial Fibo measurement, imho, also awesomely corresponds to the first Elliot wave of the global bullish impulse. The rest of 2021 and the beginning of 2022 price action incorporates into corrective EW 2 perfectly, in its turn. This one is characterized by lengthy consolidation around $180 (average) followed by a tasty 0.786 dip. The new-born Feb 2022 uptrend is just the beginning of the fresh 3rd EW intensive bullrun, and let me quote Wikipedia here, on its characteristics: + +“Wave three is usually the largest and most powerful wave in a trend. The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend.” + +Wave 3 is my favorite EW, and for GME it will be juiiiicy! + + + + +# II. The year-long resistance and moving averages: + +https://preview.redd.it/bmn9exjsa7i81.jpg?width=2388&format=pjpg&auto=webp&s=75294d0b4fd86a9ec1746554189201056d8b5138 + +This one is really interesting. Take a look at two pink resistance lines first. The thinner, straight one is what I originally identified as the main 2021 GME resistance about half a year ago: all of the previous cyclical bull runs (as well as the original January Sneeze breakout) were caught by it and subsequently reversed; three out of four from those cycles resulted in the powerful false breakouts - which illustrates grotesque selling pressure above this trend line (margin call protection squad maybe?). The dramatic reversal and subsequent bearish price action of each cyclical pattern take up to 90% of each cycle, and that automated, algorithms driven nasty pattern is aimed at keeping the broader investors circle uninterested in the asset, while trying to exhaust the existing buyers and shake weak hands. Well, it looks like there are no weak hands left (thanks 0.786 Fibo supportive buying pressure, coming mostly from 💎🙌💎 direct registering shares), so buckle the fuck up, autist, this rocket goes to moon with or without you. + +Furthermore, take a look at the thicker, curved pink resistance which is steeper than the one discussed previously - this reflects additional ~~short dick pain~~ selling pressure inserted on the stonk starting last November. This beautiful smooth line covers all of the false breakouts - and it also incorporates the complete EW2 price action, acting as a resistance through Dec21-Jan22 (almoasst on the chart above) and currently (LFG). You may notice on the chart above, that the price is now trapped between pink curved resistance and the red 21 day exponential moving average - which acts as a strong local support for the newly commenced bull trend. + +Speaking of moving averages. 21D exponential MA is used by traders for identifying the trend locally. For GME it clearly acted as an intermediate support during the uptrend phase of the cycle morphing into resistance for the bearish phase (check the chart above for sup/res). Now it’s SUP, and flipping sup/res usually last for weeks! 80, 150 and 200 day are major simple moving averages which are used for a longer term trend identification, and those were rejected as supports one by one in Jul, Oct, and Dec 2021 accordingly. Now they act as magnetising resistance levels, begging for the penetration from the downside - if you know what I mean. + +The parameters outlined above represent the major resistance zone of $120-$200, breaking through which will shoot the apes into space. Wen break? etaSon: + +&#x200B; + +&#x200B; + +# III. RSI and cycles: + +https://preview.redd.it/bvc5vkcya7i81.jpg?width=2388&format=pjpg&auto=webp&s=f2d3c1f8816927ab2f56085903bb8234ba3ee310 + +Futures cycles theory simplified for dummies through TA: check RSI at the bottom, which perfectly structures into the u/W shaped cycles - where peak zones correspond with the quarterly futures rollover dates/periods. Firstly, this RSI trending does not look like normal behavior at all. GG, take a look at this gay bear robo algo pathetic shorting, instead of Porn Hub for once, damn it! + +Each time, after that red RSI downtrend completes, we approach quarterly bullrun’s acceleration (purple arrows pointing up). Notice, how Relative Strength Index shoots to its upper gray resistance towards the end of each cycle, and currently we have plenty of RSI upside left. That, in turn, points at the aggressive bullrun in the next couple of trading days. Especially considering that: + +# IV. Bonus for tea lovers + +https://preview.redd.it/ah3humfdb7i81.jpg?width=2388&format=pjpg&auto=webp&s=cf7a3505700a404e52abaab03b6a793d9fa5f653 + + +GME 4H chart, cup and handle completed LFG Cup and handle reversal formation has just been completed on 4H, just above diamond handed 0.786 Fibo support, which is ultra bullish. Who ordered nuclear sandwich for breakfast: notice, how the shape has been forming in between blue Fib and pink year-long resistance, and how handle is supported by daily 21 EMA - what a goddamn juicy technical picture! All that is left is to FUK! + +# V. In conclusion, I came: + +https://preview.redd.it/a962znahb7i81.jpg?width=2388&format=pjpg&auto=webp&s=2ae74eb857443fec2cad246c7e5ff9f8bcd8ebf8 + + +**TR;CR: GME is set for one of the strongest breakouts and bullruns since Jan 2021. The price action, which had been suppressed through the entire year, has just bounced off the strongest supports that exist, that is 78.6% retracement level (of the entire bullrun from $3). Furthermore, the stonk is entering Elliot Wave 3, that has to be the most intensive one in the structure. Locally, a juicy cup and handle formation has just been completed, which is set to send the price action to 170-200 range, penetrating and conquering the most important resistance zone. The local price action is further supported by 21 exponential moving average, and the futures cycle completion will also push the price hard in the next couple of trading days. All in all, lets fuk, LG!** + +Positions or fun + +Carefully playing with FDs because fucking MMs know how to destroy calls: a little bit of 170c exp this Friday and even less 230c exp Friday next week; hmm and also FDs are for boys + +123 shares bought at 48, 69, 80, 131, 177, 203, 246, 280, 221, 169, 108; directly registering shares is for real gentlemen. +I sold a single TLRY $8 Covered Call today, before the good news dropped and it jumped 25%. It's for April 14th. We're not talking a lot of money here, made $30 on it and it's going to be worth about $150 tmrw probably, but in this scenario if I'm wanting to stay Long with my shares would I just Buy to Close a Call of the same expiry/date as mine and I say bye to the difference in Premium but keep my shares? + +I'd like to keep my shares so think this is my best option. +Before starting off, I know you guys are gonna slap some name like a Short Strangle/Straddle to it but hear me out, I'm not interested in the name, just want know if anyone's been doing this and got burned. + +Been trying this out on MGM. So I own 200 stocks of MGM. 100 of them I always keep in case the stock shoots up way too much with some vaccine news. The other 100 stocks, I'm willing to let it get called away for a profit. Also, I don't mind owning another 100 stocks of MGM. + +So here's what I do. On a GREEN day when the Call premiums are juicy, I sell a month out call for a price I'm willing to sell 100 of my MGM stocks for. Then you can be sure the following week this Kangaroo market will give you one red day at least, and that's when I sell a put for the same expiry as the Call I sold earlier when Put premiums are good. (Selling the call and the put can be in any order the market allows). + +This way you've formed a window. Great for times like these, where because of uncertainty, the IVs are high, and still the market remains mostly flat month to month because of the combination of good and bad news. I've gone through the cycle 2 times now, both times, the price at expiry was in between the window and I got to keep my premiums both ends. The seems like a better way than just rotating a single wheel. Gives you a better value of waiting a month for the premium imo. +Hey guys, how dumb is selling deep OTM naked puts in larger quantities? Is anyone doing it here? I attached the option chain of SPY for AUG 21 and there are substantial ask sizes for these‏‏‎‏‏‎‏‏‎‏‏‎­puts. &#x200B; How do you even make money with keeping your risk relatively low? Like if you want to make 1000$ with selling puts @ 200 strike, you would have to sell 1000 contracts. Ofc its highly improbable that SPY will go to 200 and below but if this somehow happens you would be 20 million in debt. &#x200B; Does a broker even allow selling that many naked puts without securities? &#x200B; &#x200B; &#x200B; https://preview.redd.it/f22v46pmv0d71.png?width=1569&format=png&auto=webp&s=09185cff867571935eb3b02dc2602f81e2c1f67e +I'm new to options and I'm trying to get in a stock position by selling low Delta puts. I've read conflicting things on selling options before earnings, it seems risky to me but also my understanding is that IV (and thus premiums) are higher before earnings? Any advice on this? I'm specifically thinking of selling puts on ET. Thanks. +Hi. I am trying to understand the logic behind wheeling stocks which we don't mind owning in the long term. But I am having a hard time comprehending the profitability of the same strategy. +Let us say stock X is trading at 100 USD. I start the wheel by selling a 80 $ Put. If the stock stays flat or goes up, I make money. No issues. But let us say stock dips to 70 $ due to unforeseen circumstances. Now my put is at a loss. ok but now I will be buying X at 70 USD. So now i own the shares. +Now I start selling call options. 90 $ call. But let us say the stock goes down to 40 $. My call option made money. Good. Now I have to sell a 55 $ Call. If the stock shoots up to 60 $ now, my call option will be at a loss. Also if I sell the stocks, that will also be at a loss. Please correct me if I am wrong. Is it still worth it or is there some mistake in my point? +https://www.google.com/amp/s/www.forbes.com/sites/shaharziv/2021/03/26/robinhood-trader-may-face-800000-tax-bill/amp/ + + +Hey newbie here, started trading in March. Had some decent gains with CSPs and CCs. I usually do one stock every week, usually Apple. Stumbled upon this article. I do realize I have to pay taxes on capital gains but holy sh*t. Is there any way I can fuck up and end up like this guy? I imagine he must've done a hundred trades per day or something +Let’s not forget there will only ever be 21 million bitcoins, satoshi Has an estimated of 1 million of them 3 million are lost forever that leaves 17 million, then there are the Winklevoss twins, saylor, and chamath and early adopters who likely will never sell…. Now throw in a few companies and El Salvador….. how many coins are truly left for the “collecting”? Remember there is an estimate of 52 million millionaires in the world, if all of them wanted to own one they couldn’t, They couldn’t even own a half of one or a third…. Let that sink in and keep stacking sats… +A job listing said the salary was $75-110k base, if they ask what my salary expectations are, what should I say that isn’t ridiculous? Obviously the higher the better but I feel there must be very rare occasions where the max of the bracket can be asked for? + +EDIT: +Bit more context, I’m moving from an electrical/control systems engineering role(current base is 110k) to a software role. Although slightly different roles, I have software experience and tick most of the boxes of what they’re looking for. I’m currently living rural and so will be coming back to the city for this potential role, hence I am not too upset to take a 10-15% pay cut. +I have all my money in VWCE, however I would prefer to invest in an ETF that excludes fossil fuels. + +Do you have any similar ETF recommendations? + +Would I simply sell all my shares in VWCE and buy in a different ETF? + +Would think trigger capital gains tax in Germany? + +I assume if Vanguard thinks the fossil fuel industry is a bad bet for the future, they will start to divest? +I own 1396 Shares of TUI AG Stock, bought at an average of 14.86€ that have accumulated a loss of roughly 16.5k€ or 80% over the years. +The position was opened by my grandfather years ago when I wasn't in charge of the portfolio and the entire portfolio has been left unmanaged until around 2019 which is why the position even still exists. +The stock at 2.92€ having fallen over the past months despite business returning. +My question is, do I buy more stock to dilute hopefully dilute the losses, hoping it will go up to around 5€ again at some point, or do I take the loss? +Edit: thank you all that replied! My question has been answered! Conclusion: no investment in etoro for me + +My question as stated in the title is if there are any disadvantages in investing in SCHD though etoro? Are the fees higher or are the any other issues with this broker that I should be aware? + +As an European investor we all know that US ETFs are not as easily accessible. + +I have an account with etoro and I saw one can actually invest in SCHD through them. In addition, they now allow for the reduced taxation if you are not an US citizen. Previously they would always take 30% on US dividends. But now it seems they allow for the reduced % (15%) if you fill the form. + +Taking this into consideration I thought it could be a good option to start investing using etoro, as I would like to add some SCHD to my portfolio +In fact, you should actively be trying to kill it. I'll get right to the point. This may be offensive to some, but needs to be said, because solutions need to be found as soon as possible. + +1. Inability to scale makes [fees](https://blockchain.info/charts/cost-per-transaction) and [confirmation time](https://blockchain.info/charts/avg-confirmation-time) skyrocket when the network grows. +2. Outdated Proof-of-Work algorithm makes for [insanely high energy consumption](https://digiconomist.net/bitcoin-energy-consumption) of Bitcoin operations (confirmation and mining), which will likely [accelerate global warming](https://www.thenational.ae/business/technology/bitcoin-miners-power-needs-could-soar-higher-than-global-energy-production-by-2020-1.682983) [potentially killing millions](http://www.who.int/mediacentre/factsheets/fs266/en/). If you've ever condemned oligarchs who have profited from environmental disasters and are supporting Bitcoin by investing in it, you are a hypocrite. +3. Bitcoin fails as a valid store of value because: a) ~20% of the total maximum supply (or 4M) Bitcoin are estimated to be [lost forever](http://fortune.com/2017/11/25/lost-bitcoins/), b) the amounts that are too little to send or move because of fees are getting higher and higher, and can't be grouped (this is what differentiates it from other commodities like precious metals), making a large potion of Bitcoin that have some virtual value some of them **actually worthless** and c) because there is a ludicrous concentration of wealth at the top: the top [0.08%](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) of addresses, which represents less than 20k of them, hold over 60% of the world's total Bitcoin, a spread [worse than the world's total wealth pre-cryptocurrencies](https://inequality.org/facts/global-inequality) and (spoiler alert!) it's already terrible. + +I don't expect this to change many people's minds, but it might convince a few of you. Bitcoin is already unsustainable and doesn't need me to take on the role of a doomsayer to collapse completely. If it were given a few years to fix its current problems, it may have survived, but it does not have this long. At current adoption rate I predict an unprecedented crash within 6 months, which should coincide with transaction fees between $300 and $400 and a power consumption rate between 40TWh and 50TWh. All cryptocurrencies do not have to go down with Bitcoin, but for this to happen, we need to educate as many people as possible, and ***fast***. Ideally, exchanges would need to extract the tumor by removing their support of BTC entirely or at least eliminate BTC pairs. + +Make no mistake, there is no "if". Only a "when". +Recently I made a post on this sub that I wanted a strategy that makes two percent profit everyday but alot of people criticized my thinking saying that that is impossible. So I want to re-evaluate my targets + +My target is to find a intraday long strategy that has 70% accuracy with 5% profit target everyday. I wanted to know if this is possible or not and if it is, what strategy could fulfill this criteria. I know this won't be easy at the start but as knowledge and experience increases, this may be possible later. Can you help me in this? +In 2008 I was 10 years old - My dad past away in 2007 and my mother was a waitress who had 3 boys to take care of.. when 2008 happened my mother had to walk to work because gas prices were too high.. I had to quit playing football for my school because my mother couldn’t afford to take me to games anymore.. I watched my mother struggle.. no one was tipping anything no matter how above and beyond she went.. we wore Walmart shoes.. we could barely leave the house during the summer.. I watched my mother cry and I could see that she was barely doing this on her own.. once in a blue moon she’d let us turn on the water hose and have fun for a couple mins.. life was hard for her but she held through it and that is why I hold and will never let go so I can give her the life she deserved.. I will never ever let go of this bag.. because we’ve wasted are lives trying to just “get by” and I’m fucking done.. good luck Ken I’m never letting go.. and we are never going back to reasonable.. +So I honestly have no idea how the heck I would go about figuring out my taxes. I have a bout 40-50 different cryptos that I started heavily DCA'ing into small amounts at a time, starting around February. After getting burned when Crypty.com stole 3 of my BTC and millions of DOGE and lots of LTC years ago I finally decided to get back into the market. + +All of my Crypto.com, and robin hood transactions are pretty straightforward I would just download the CVS file or look at my transactions. But my Coinbase stuff is weird because I was transferring back and forth to Coinbase Pro and making trades. I don't see where to see my transactions on Bitmart. Also I have Coinbase wallet in which I sent a lot of Eth to buy stuff on Uniswap and I don't see a record of transactions on their either. + +What happens if I just sell all my shit and don't pay any taxes, would I be fucked? I'm not high income or anything and while it's 5 figures it's not a massive amount of money. I honestly just don't know where to start on the tax stuff. My grandma always does my taxes. I have sold some crypto some years in the past and never claimed taxes but it wasn't nearly this much. +IRS says they haven't received anything from my employer and my employer says they sent everything in and that they haven't been contacted by the irs. Now the irs is saying that I'm commiting fraud for falsely reporting how much was taking out for our (me and my wife since we worked together we filed together) federal. This is a big issue for me since I'm a dreamer and I could get deported if I get charged for fraud. Is there anything I could do? +Context: + +I run a small family business which, last September was defrauded out of £87,000 via APP (authorised push payment fraud) + +Basically it was a fraudulent email sent to one of our staff in accounts who fell for it (cyber crime education is SO important) and sent the fraudster the lump sum on an instant transfer. + +The police, the banks involved (HSBC and NatWest) and our solicitors have been useless. The police basically gave us a crime number and 3 months later told us it had been sent to Hong Kong and we can’t get it back, they also investigated the account holder and said he’s just a mule and is being watched but nothing they can do about him. + +Our solicitors haven’t really been much use, does anyone here know any good finance lawyers who would work under a low win low fee and high win high fee (anything back at this point is a bonus) + +NatWest have been absolutely appalling, and we discovered so many holes in their security after the event it’s scary, we even switched banks after their uncooperation. Their security measures didn’t pick up that it was a new recipient, or the largest amount we have ever sent, and the staff member who did it had only ever made a transaction up to £7000 before. There are many other security issues we discovered but those are the most poignant to me. +They also revealed unbeknownst to us that the junior member staff had full access over our whole company’s funds which was a little scary. + +Advice wise does anyone on this subreddit have any other avenues that we could explore or has anyone else been in a similar situation and the outcome has been different? Maybe some government help etc? + +APP fraud is rife at the moment, and we know lots of people and companies who have been stung. It’s a surprise there isn’t a bigger crackdown on it! + +Apologies for the long post! +Inflation is setting in as a reality that we will have to deal with, same with an aggressive taxation policy. In the best-case scenario, we're heading for a bit of turbulence. + +In such times, gold has been retail investors' best friend. + +In the midst of the current climate, **what precious metal penny stocks are you fine fellas bullish on?** + +**My bullish gold pennystock watchlist:** + +* Harmony Gold Mining Co. (NYSE: HMY) +* Cortus Metals Inc (CVE: CRTS) +* Yamana Gold Inc. (NYSE: AUY) +* IAMGOLD Corp. (NYSE: IAG) +* New Gold Inc. (NYSE: NGD) +* Iamgold (NYSE:IAG) +* B2Gold Corp. (TSE:BTO) +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! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +https://www.cnbc.com/amp/2020/07/23/senate-gop-to-unveil-coronavirus-relief-plan-next-week-mitch-mcconnell-says.html?__twitter_impression=true + +We know that the market rally which started in March 23rd 2020 was triggered by the stimulus package by the FED. + +1. What will be the impact of this one? Will this relief plan trigger a new rally given the extension of $600 per week free money payment? + +2. Should we load up on stocks before this announcement though I know some of it is already priced in? +Clarification - "stocks" here really means "low-cost well diversified index fund". + +Whenever people justify the idea that investing in the stock market as a good idea, the usual justification is looking at history. Usually past 100 years or so, usually at the S&P 500. Something like "look at how much compounding you would have got if you invested X per month starting from year Y!". + +However, I haven't seen much explanation as to \*\*why\*\* this was the case, and why should it \*continue\* to be the case. I mean, in the 20th century we got electricity, cars, airplanes and computers just to name a few literally world-changing technologies. Is it reasonable to expect similar levels of progress in the next 30 years? What about climate change? Idk. + +Sometimes you get a vague "the natural state of the economy is growth" or a "capitalism is the way humanity generates value" as the explanation. I don't understand what these mean. + +I tried somehow reasoning this out from first principles, but I can't come up to the conclusions that stocks will grow much above inflation. Though keep in mind I know very little of this topic (which is why I'm asking for help in the first place :) ). + +Basically, it seems like the only fundamental reason for the stock of a company to grow in price is if they increased their profits. Increased profits mean increased dividend payments, making it so the stock generates more money to its holder. I can see how this should roughly grow at least in pace with inflation - companies are the ones who sell those goods and services that get more expensive, so things sort of balance out. + +But believeing that over the long term (e.g. 30 years) the stock market will produce significant (4-5% per year) returns over inflation, means we are betting that companies will keep making \*more\* money than they were before, either every year, or always catching up with losses, over that long term. + +Isn't this like, a huge gamble? Making money is hard enough, and we are betting that companies will keep increasing their profits year over year, over many years? Sure, some companies will grow, but surely most will stay in place or go down. Do we think the companies that will grow will grow \*so much\* that despite being in the minority, they'll still compensate for the majority that won't? +An account on OpenSea has been selling free reddit avatars since yesterday, over 92 sales of free avatars in two days and has made near 1 eth in profit. + +all of these avatars have been minted in the last couple of days and are being transferred to the same wallet within hours of having been minted. + +link to account [https://opensea.io/Rexizer?search\[eventTypes\]\[0\]=AUCTION\_SUCCESSFUL&tab=activity](https://opensea.io/Rexizer?search[eventTypes][0]=AUCTION_SUCCESSFUL&tab=activity) + +&#x200B; + +the account in question + +https://preview.redd.it/j3t9f73hplw91.jpg?width=1282&format=pjpg&auto=webp&s=a465988698469b425948a4be2a275b6bfbf2e57a + +some recent activity on the account + +&#x200B; + +https://preview.redd.it/1lp92yhlplw91.png?width=1496&format=png&auto=webp&s=07c1bcc9508d153c49fb268c8e5367bb8a0ca846 + +&#x200B; + +https://preview.redd.it/9qev2hgmplw91.png?width=1820&format=png&auto=webp&s=b4b42a3d80f09049f4cc53d3ba690ee90d62d24e + +if you fallow these transfers all the accounts have the same account history, they receive the avatar from reddit and quickly transfer to Rexier. Rexier then list the avatar lower than the floor price and makes a sale. + +&#x200B; + +https://preview.redd.it/oisqrt2gqlw91.png?width=1700&format=png&auto=webp&s=fb246f6f8c781224a35ba23581f51f303496d72f + +a total of 113 avatars have been minted and sent to Rexier in the last two days. + +Did they figure out a way to get free avatars from Reddit? + +they seem to have figured out a way to cheat the system and are making 0.01 eth an avatar. +It occurs to me that I have no basis for comparison. I’ve used the same CPA for the last 6 tax years and chose his firm because a bunch of other people in similar situations chose him. + +He’s pretty expensive: probably ~12k annually including some split filing work and estimated payments. I’m mostly okay with this, if his advice and optimizations move the effective tax rate enough. That said, someone else could be better and/or less expensive (some friends use CPAs that provide similar services for around 2k annually). + +I’m considering engaging one of the 2k/year firms to also do my taxes/estimated payments so I can compare advice and optimizations. Has anyone tried this? Any pitfalls? Ideally I can just be transparent about this to each firm and they’ll know the other one is double checking their work. +I'm planning on calling it quits in 3 years at 50, planning to have $4M in assets, about half of that in an after-tax brokerage and the rest in retirement funds. Thinking of buying a modest (like, more for fun than actual real income) business. I don't know if I'm going to buy a house or not (don't own one now), but leaning towards it, budgeting about $900K max. + +So...not the lowest cost of living for sure, but I went to school there and I really love the area, thinking of Carpinteria or somewhere in Santa Barbara proper. + +Anyway, let me know your thoughts! Am i crazy? Thanks! +I am poor compared to many of you but am hoping I can get some unbiased feedback. I received a job offer recently that has me tied up in knots regarding what to do. + +**Basic stats:** + +* Middle of my 30s with a spouse and two kids. Third kid arrives in the spring of 2022. This will be the last one +* Current NW is 3.6m of which 700k is tied up in home equity +* We would prefer to to stop working in our mid 40s. Spouse will not be changing jobs and makes about 600k a year all-in with a lot of upside opportunity. +* Target is 45 years old and 10m for retirement but would love to pull the rip chord sooner or with more money +* We really just started making good coin in the last few years hence the relatively low NW to HHI ratio. + +**Current Job:** + +* 5 year NPV = 2.9m consisting of 290k base salary/100k cash bonus/224k equity on 4 year vest in mega corp +* Little opportunity for advancement. Currently dissatisfied with my level of influence in the company. Run a big team so responsibilities are more administrative than I would like. +* Very easy. I work maybe 35 hours a week remotely +* Very stable w/ good benefits. 4 months paternity leave etc. + +**Job Offer:** + +* 270k/60k cash bonus +* Still negotiating but likely 1-1.25% of the company w/ opportunity to acquire more. Low teens in revenue but really at an inflection point. I have seen the product, understand the space and believe that there is a 50ish% chance of an exit in the next 3-4 years at 250m-500m. +* Really like the folks I would be working with as well as the product. Much smaller company and team. Would be part of the executive team so much more control. +* Much less stable with much more work and some travel + +25 year old me would take the offer but closing on on 40 year old me with a 3rd kid on the way is really struggling with this. Taking the what would I enjoy more part of the equation out of this based on the above which do you all think is the better path from a financial standpoint. +Hi all, + +Just finished reading this booked called “An Economist walks into a Brothel” that talks about risks in unconventional places. Got me thinking of the risks of my portfolio and how to hedge for it. But every portfolio is a little different + +Curious. What are the current risks that you face in your Real Estate portfolio and what do you do to mitigate against it? +Hey everyone, + +Received an email from the condo board of a unit we rent out asking for payment on a $500 invoice from 2019 that is billed to the condo board within 7 days. + +Apparently in 2019, a fire alarm was tripped in the building and an alarm company had to come out and shut it off etc. The reason it was tripped was apparently traced back to the unit I own, ie the tenant did something. + +How would you guys respond? Seems a bit late as we weren’t even made aware of the situation nor sent the invoice 3 years ago. + +On one hand if the tenant in my unit at the time is the cause then I suppose that is fair game. On the other hand, that was 3 years ago and that is just what they are telling me. + +I’m thinking for $500 it’s probably easier to just accept responsibility, pay, and move on but that doesn’t sit 100% right with me. Maybe I’m just being cheap +This isnt something I have dealt with before. A house has gone up on the market near me for 15% under market. I dont think thats enough, but I'm sure they will budge. Theres nothing wrong with the place other than it seems to have been either a hoarder house or it once contained 15 cats. Or dogs. Or any animal that shits on the ground, really. + +The listing photos show every single room covered in actual shit. Mountains. All over the place. Even the garage has shit mountains cascading across the floor. The carpets are white but are mostly yellow because they have been serving as cat urinals. Now, the photos dont show a kitchen, which to me just means that the kitchen is somehow worse than the rest of the house. + +At first glance this looks easy. Rip up the carpets, replace the baseboards, maybe some dry wall, rent an ozone machine or 2, and thats that. I have no experience with this sort of damage, so I'm wondering if theres something I'm missing? This seems like the type of thing that looks simple but turns out to be complicated once you actually get to it. Havent decided if this will be a flip, rental, or if I might just move into it. I kinda like it. Thinking itll be a fix and rent, brrrrr or whatever term biggerpockets is selling these days. + +Heres a photo. Every room looks this bad. Some look worse: https://i.imgur.com/ed11BJQ.png +Rent rose 7.5% from Oct '21 to Oct '22 -- the largest increase since 1982. + +The other popular rent gauge, the "Owners’ equivalent rent," rose 6.9% -- the largest increase ever + + +In my plan i need 15 doors (i have 6), but i still question if it will ever be enough? + +maybe i'm just venting, but how many small time landlord are there out there? millions probably less + +I would guess that most people on here are also small time and got there by doing the same thing bought rentals maxing out their debt income ratios and refi or other way to get equity for the next downpayment, some went on to buy a 5 plex or bigger then they hit the downpayment wall. Some even borrowed other poeples money to get what a couple more thousand a year after paying all the expenses and putting away money for future expenses. + +Then i see the big time investors, with 100+ doors and even then it dosnt seem like enough, so over all does it ever get to be enough? + +In my mind i see my 15 units (cashflowing \~7k monthly as mortgages are nearly paid off), over time i pay them down, save money buy new roofs, change windows or other big expenses (the rent increases never cover these expense either so even more debt), but in the end theirs higher rents for higher expenses and all we are doing is maintianing these buildings for the government. + +Its their land that we forever owe taxes on and give them our profits on the sale of rentals, housing workers who do as they please, while the bank always makes their money back. + +Just seems like its overall pointless, i do hold the property deed but its not mine untill 100% paid off unless somthing goes wrong then its my expense. + +Yes the properties go up and up, so what; just means more taxes and capital gains on sale. + +Currently im in the financing stages for buy that 5plex+ i was mentioning before, and the downpayment is from the equity in my current properties just feels like all my assets are debt. all this for what maybe 2k a month cashflow, maybe i would of made more keeping the downpayments as stocks, but then i wouldnt be a realestate millionair then right? + +Sure i'll get the just go buy REIT's response, well i have that as well just you need a hell lot of dividents to passivly retire on them. + +Anyone currently retired living off the cashflow? how do you really make it work ? + +Im just hopping the trick was not just to buy up all the cheap properties in the 80's. +Hey everyone, + +&#x200B; + + Found this deal when looking for my first - I did some basic numbers and the ROI seems pretty high. I want to see if I can have some experts with more experience look at this. + +&#x200B; + +[https://www.zillow.com/homes/for\_sale/fsba,fsbo,fore,cmsn\_lt/pmf,pf\_pt/apartment\_duplex\_type/2087007862\_zpid/250000-450000\_price/977-1759\_mp/zest\_sort/27.707239,-81.914063,26.676299,-83.390351\_rect/9\_zm/18bd95c81fX1-CR1mbukpez1stby\_z5m02\_crid/](https://www.zillow.com/homes/for_sale/fsba,fsbo,fore,cmsn_lt/pmf,pf_pt/apartment_duplex_type/2087007862_zpid/250000-450000_price/977-1759_mp/zest_sort/27.707239,-81.914063,26.676299,-83.390351_rect/9_zm/18bd95c81fX1-CR1mbukpez1stby_z5m02_crid/) + +&#x200B; + +**Rent is 783 per unit, 56,400 a year in gross revenue.** + +**2800 expenses monthly (Mortgage, Tax, Insurance, CapEx, vacancy.)** + +**1898 cash flow/m -------22,776/y** + +**90,000 downpayment/22500 gross profit=** **COC = 25% ROI COC** + +&#x200B; + +Do my numbers look right? why would anyone want to sell a property that has major work done to it in the last few years (roofing, ac units) when it is this profitable? + +&#x200B; + +what is hiding? +In a lot of the GME hype, people seem to forget that massive dips out of nowhere especially on good news days isn’t normal stock behavior. Lots of newbies who only own GME have probably gotten almost used to this happening. Hell, today GME got insanely bullish news that they’re opening up new locations and the stock dives off a fucking cliff after 250,000 shares are borrowed short. It makes me MAD that dips like this are so commonplace and just accepted now. This is CRIMINAL. People need to be in jail. I am numb to the dips as far as HODLING goes and I always have been, but now I’m starting to get angry each time it dips. 3:1 buy ratio? Dip. GME pays off debt? Dip. THIS IS WHY WE DIAMOND HANDS UNTIL THEY BLEED OUT. We have the chance to be stock market vigilantes and hit these criminals where it hurts if the government won’t lock them up. So after today, another day in the red after bullish news, I can sincerely say FUCK YOU ken and all the other stock manipulators. + +Edit: This is mostly just a vent post which apparently is relatable for a lot of you all. Just remember - be zen. Buy. Hodl. Vote. It will come with time. But don’t lose that fire inside - you will need it to Diamond hands the shit out of this thing. This is the way. +I have a decent paying programmer job. But I am not so passionate, I struggle mentally, I just want to take control of my own time and freedom someday. + +I have traded for about 4 years, mostly swing trading until late last year when I became more serious about day trading. I struggled at the beginning, but I am getting better and more consistent. I am seeing some hope that I might be able to do this for a living someday. But I also fear that daytrading might be harder than it seems in the longer term - market conditions can change and you can make money today but someday market isn't this volatile any more. + +For those who do dattrading for a living, what was that one thing that made you decide to trade for living (Or the one thing that made you confident that you are ready)? Do you become a better and better trader over time? Or at some point it gets tougher? +61727054 Says Ken is Next + +I know that you know what that number relates to Ken. I know that you have a plaque in your NY office with that on it. Actually..It’s known that London, Chicago, New York all have 61727-054 cleverly placed and/or referred to. + +61727-054 *bold move* + +For the longest time you’ve done everything possible to exceed where they failed. For years now you’ve shared your goals and your ambitions when it comes to Citadel. To be the biggest you’ve gotta slay the legend. You’ve never shied away from letting those around you know what your aim is..what really fuels you everyday, every account, every trade. To be the king of Wall St. Bigger and scarier than the Wolf. A legend. A myth. + +...A genius. Just like xXx did it but better. They got tired and worn out. You’ve always considered that their weakness. They were only able to keep it going for so long, you’ve always felt as though you could get away with it forever. + +I must admit..you’ve been clever. You’ve taken what you learned and have adapted quite well. That was until you allowed two mistakes to be made. + +I didn’t catch it before in 2019 when I started to peek behind the curtains and peel back the layers. But I have now and day by day so do others. Just like you...plain sight. + +The more I think about it and the more research that I do into the books, I can’t believe that NO ONE outside a handful of others have recognized the patterns. But that’s okay..because 🦍’s are getting ever so closeclose. So many 🦍’s are on the path, they just haven’t stumbled upon the right trees and bushes. Yet. + +{Insert Rozay} *I remember being blind to it +Til the day I put my mind to it* + +Funny how alumni networks have become so clutch over the past year(Fuck Covid, amirite?)..Without them how would some dumb ape be able to gain access to the Citadel Securities Department of Computer Science at a certain uni..😳🤭🤫 + +jUsT me babooning but word on Sixth St. is that your frienemies on Congress Ave. are running out of leverage when it comes to that quiet little office in Austin. + +Just a matter of tick tocks ‘til the real show begins Ken. What’s your move then? + +Edit: Wrong Flair +I realize everyone has their own opinion but holy cow. Look at this: +[https://www.reddit.com/r/ethtrader/comments/e5r6d5/soon/](https://www.reddit.com/r/ethtrader/comments/e5r6d5/soon/) + +Nearly EVERY. SINGLE. COMMENT. is bearish. At least every upvoted comment is. I get that they were over-optimistic with PoS/sharding timelines but really? +In mid 2018 the devs made the decision to deprecate earlier work & delay a few years in exchange for delivering a more robust, elegant, and capable spec than their original designs. It's a decision that's in the best interest of the protocol's long-term health. As a software dev myself (and from an investment perspective) I feel like this choice is a no-brainer. + +Jesus from where I'm sitting eth fundamentals are continuously growing stronger and stronger. There's obviously risks with eth 2.0 transition but no risk no opportunity right? + +I guess I'm just surprised.. did I miss something here or... +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Long time member on my own path to FatFire, but Throw away account here... + +Hi all, my father is C-level at a relatively small startup with a very strong trajectory and an upcoming series A. Their goal is to raise as little as possible so they can maintain as much control as possible, while still aggressively growing the business. They are currently revenue positive and have several strategic partners who would be potentially interested and well positioned to do a buyout at some point. + +My dad currently has options worth about 5% of the company, and even with dilution from future funding rounds, a successful exit would likely result in $5-20m. + +Last time I chatted with my dad, it became clear that he doesn't have a tax strategy for a potential exit. The company is small enough, it sounds like it is possible that my dad could restructure his equity into something more tax efficient at some point in the future if it would be advantageous. He feels about 75% confident that they will have a successful exit so might be willing to pay taxes on some of his options as they vest, but he certainly doesn't want to overexpose himself to this. He wants to retire after this and with no exit will have enough to be comfortable, but paying $500k-$1m in taxes now for equity that later becomes worthless would have a meaningful negative impact on his retirement. + +My question to you all is what should be my dad's next steps? Who should he meet with to discuss his options? What questions should he ask? Any thoughts on how you might approach this or what you did if you have been in a similar situation? + +Thanks for your wisdom! +There seems to be a strong move for pre-IPO, private investment opportunities via platforms such as MicroVentures, EquityZen, SharesPost, and Forge to name a few. Has anyone here gotten involved in those platforms? + +I realize the requirements such as being an accredited investor (which is no problem for many in this sub). I also see a lot of potential liabilities of not holding the shares but buying under an LLC that holds them and basically has a high level of legal authority over them. There is also the issue that the fees can be absolutely ridiculous. + +Interested in what others here have experienced, what platform they recommended vs what ones they don't and why, and how they managed the legalities of owning blocks of an LLC that they do not control yet holds the shares they are promised assuming IPO ever happens. + +For example MircoShares just did a SpaceX offering this weekend. I heard the rates were pretty bad. But is anyone better and is the risk vs return vs fees just plain stupid in your opinion? + +Example: https://www.cnbc.com/2020/09/11/jpmorgan-trade-private-shares-of-mega-start-ups-including-spacex-robinhood-and-airbnb.html + +More discussion: +https://www.youtube.com/watch?v=UBSyP5SzuN4 +It might be because of the seemingly endless work from home COVID situation, but we've really started ramping up the thought of a vacation/weekend home again. As a member of the fatFIRE community, I'm (of course) modeling every possible scenario and how it could work out. This work got me contemplating safety nets and risk. + +I am realizing that the regular rules of personal finance stop applying when you hit a certain fatFIRE level. That really starts with the emergency fund. For quite a while, we have had a 1 yr+ emergency fund in cash. Additionally, we're 70/30 stocks/bonds with \~1 yr worth of spending is in VTIP alone. Finally, our taxable portfolio would cover about half of our annual spend in dividends. + +The "problem" starts to arise when I consider that both my wife and I have excellent resumes, solid skills, reasonably stable jobs, great networks, and severance agreements. We are at the point, where we could RE, but we're just not ready. In short, if we lost our jobs tomorrow, we would be fine financially. I modeled out a scenario where we bought our vacation home, dividends take a 25% (see 2008), both of us lost our jobs, it took 2 yrs to find new ones, and the new ones paid half of what we are making now. In that scenario, we're not selling shares and before we touched our shares, we'd be selling some of our VTIP. + +So this all circles back to the initial question. What role does an emergency fund have when your risk is hedged by 2 incomes, unemployment insurance, dividends, and very liquid stable bonds? + +There is a second question about what the right bond allocation is as well. The basic thought is that the bond allocation should go down as the ratio of spending to NW increases. For example, if you spend $200k/yr, and have a $10M portfolio, why have $3M in bonds? Wouldn't it be better to pick something like 5 yrs of spend to hold in bonds + cash, and put the rest in equities? On a $10M portfolio with $200k/yr in spend, it would be a 90/10 split which seems insane on the surface, but might be way more prudent than it seems. +BREAKING NEWS - FINRA quietly released another AWC to Barclays this time. + +Issued 10/4/22. + +Crime: Rigging market orders routing directly to their Dark Pool "LX" + +Length of crime: Jan 2014 - Feb 2019 + +Fee to crime: $2,000,000 That's $400k/year to defraud the Market. + + +https://preview.redd.it/huwu0ksw72s91.png?width=1252&format=png&auto=webp&s=d9a1509be0f4b14c552efc093d692ba3914cfc1f + +https://preview.redd.it/ua8toiqx72s91.png?width=1254&format=png&auto=webp&s=19c637a70b8c17065fcf0275833b4292dea040f5 + +https://preview.redd.it/do9k1e1z72s91.png?width=1340&format=png&auto=webp&s=3c03ce71a6a2bed7263bc60ab77c2fcdb96b2a9f + +Source: [https://www.finra.org/sites/default/files/fda\_documents/2014041808601%20Barclays%20Capital%20Inc.%20CRD%2019714%20AWC%20va.pdf](https://www.finra.org/sites/default/files/fda_documents/2014041808601%20Barclays%20Capital%20Inc.%20CRD%2019714%20AWC%20va.pdf) + + +TL:DR ; + +What is an AWC? It means "Acceptance, Waiver, and Consent" +In essence - it's a get out of jail free card. + + +The respondent (Barclays here) agrees not to fight FINRA on this matter, agrees to pay the fine for everything listed on the document, and does NOT have to admit guilt. + + +No guilt means no crime means no jail +FUCK YOU; PAY ME. You were warned. + +The SEC's Form ADV Part 2: + +The Form ADV is required by the SEC for investment firms (investment advisers). They can be found here. [https://adviserinfo.sec.gov/search/genericsearch/firmgrid](https://adviserinfo.sec.gov/search/genericsearch/firmgrid) Remember, remember that whe the rich people invested with the SHFs start bitching and moaning, saying things like “I didn’t know” and “Kenny is a bad, bad, man…I’m a victim,” apes should wave this Form ADV and say,** **“Yes, you did.** Yes, he is, and no you’re not, because you knew those inexplicably high returns were the product of crime, which is why you also paid Shitadel those ungodly management fees. **You paid Kenny to do the dirty work** + +Using our favorite monster’s advisory arm as an example - [https://adviserinfo.sec.gov/firm/summary/148826](https://adviserinfo.sec.gov/firm/summary/148826) \- here’s what the Form ADV Part 2 says, followed by my commentary, if needed. + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**Under “General Portfolio Risks” at page 18:** + +**Short Positions** + +A short sale of an investment instrument entails the **theoretical risk of an unlimited increase in the market price of that investment instrument**, which can, in turn, result in significant losses to a Fund. **Purchasing investment instruments to close out a short position in such investment instruments can itself cause the price of the investment instrument to rise further**, increasing losses. Furthermore, **the Advisers may prematurely be forced to close out a short position in a security if a lender of such security demands the return of the security sold short**. + +Fuck you. Pay Me. You lost, even with the fix in. That’s the risk you knowingly took!!! Infinite losses!!!! You warn all of your investors. Checkmate. +Anyone have any direct experience with this kind of scheme: + +[https://www.businessinsider.com/countries-where-you-can-buy-citizenship-residency-or-passport-2018-9](https://www.businessinsider.com/countries-where-you-can-buy-citizenship-residency-or-passport-2018-9) + +It is worth it ? Could investment be transfered in a more tax-friendly country ? + +Interested in hearing other people experience on the matter. +Hello I am a brand new investor into the stock market although I have paper traded for a while and built up a relatively nice portfolio in that, I’m looking in Low Risk-Mid Return stocks BlueChip stocks would be a good option in my opinion but I’m just looking for more options 2 Top Candidates for my choice is TSLA after Split or AAPL Just before split Any advice is highly appreciated! Thanks! +Look at this picture, gang. These are children’s books written by RC about the lessons he learned from his father. + +https://i.imgur.com/Ywpkv85.jpg + +The titles are all references to tweets he’s made over the last year and a half. + +The bear is too short as it reaches for the piggy bank the kid is playing with like a rocket to the clouds above. The bear’s shirt is close to Citadel’s logo color, too. And the kid has a (pirate?) skull shirt on. + +The other piggy has a purple circle on its belly at the center of the legs which are in the shape of an X. + +X marks the spot? 🏴‍☠️ + +That kid is pointing directly to the circle and staring at the reader. + +DRS is the answer. + +Edit: link to the website, [Teddy.com](Www.tedddy.com). + +That’s a fantastic url. Seems like a waste for it to only be used on a series of children’s books. I wonder if he has plans for more children’s products? + +Hasn’t there been a pirate’s ship full of speculation that he wanted to acquire ByeByeBaby? + +Edit 2: I want to be clear some of the details above are from comments in another post. I’m just trying to pull it all together. + +Edit 3: There’s more in the comments below. + +Edit 4: Great post with a picture compilation: + +https://old.reddit.com/r/Superstonk/comments/yzew26/some_really_fun_cohencidenceswith_the_help_of + +I see rockets, chopsticks, legos, ice cream cones and literally GameStop +Ever since 002 been implemented, I noticed something with the numbers. The last few days, everytime the stock hits or goes over 220. The "wash trades" method they're using to drop it below 220. Since then, we've been closing under 220. So my theory is, smaller Hedge Funds margin call awaits past 220. + +Edit: corrected Ladder Attack to ~~Wash Sales~~ Wash Trades + +Edit 2: thanks to u/Scrubbins_ for the heads up. + +Edit 3: ~~I just got an All-Seeing eye award. So..that means I'm either correct or I'm onto something..hmm~~ + +Edit 4: removing edit 3 + +Edit 5: changed Wash Sales to Wash Trades, thanks too u/Iconoclastices +[Background post](https://www.reddit.com/r/IndiaInvestments/comments/mjwmzb/unauthorised_transaction_from_paytm_wallet_for_a/?utm_source=share&utm_medium=web2x&context=3) + +Now, **update**: Soon after the phone call from PayTM CC, I also received an email from their customer service, saying " OTP was being triggered to your Paytm's account registered mobile number to link your Paytm wallet with "Zomato media Private Limited" on 11-12-2020". From what I remember of the day, I never received any OTP or shared it with anyone. Nonetheless, I checked my Zomato account and PayTM to see if I had indeed placed any orders on 11 December. + +Not only did I NOT place any orders, I found two more payments (on 11 December) amounting to 1,100 that I seem to have missed. I checked with my brother if it was him, just to be sure, but its not. So, now I have 2 more unaccounted payments for Zomato orders from my PayTM. + +PayTM also said it is waiting to hear from Zomato about the beneficiary details. Now, I am waiting to hear from PayTM and hopefully get to know whose account it is. + +&#x200B; + +Edit: The issue has been resolved, because it turns out it was my brother. PayTM finally shared the details of the transaction and I was able to confirm with my brother. + +P.S.: PayTM's customer service is still God awful though. +Newbie in investment. + +Can you please help where I can find 1 year forward PE ratio for sectors and stocks + +Do you think this brings value in decision process ? +[Bloomberg](https://www.bloomberg.com/news/articles/2021-12-31/good-riddance-all-the-things-wall-street-won-t-miss-about-2021?utm_medium=social&cmpid=socialflow-facebook-business&utm_campaign=socialflow-organic&utm_content=business&utm_source=facebook&fbclid=IwAR1resMxyY6WLCrayPSO1BrTULrDPH9kstEHYfjbqaqBBVOTywVGPaF46Gg) is reporting that Wall Street wants NFTs to fade away. Frankly I can understand the sentiment of her quote if that’s genuinely her level of understanding but why should “Wall Street” care if they go away or not? + +Relevant portion if you don’t want to click: + +It’s impossible to look back on 2021 without acknowledging that cryptocurrencies and the blockchain dominated conversations. Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth, is eager to jettison one of its offshoots: non-fungible tokens and promises that the digital artworks will be the next big asset class. + +“NFTs are basically digital art, but not all art has value,” Greene said. “My five-year-old niece can make a pretty picture that has value to me, but that doesn’t necessarily mean that it’s actually valuable.” +Stacking every month with fixed amount. Being doing this since October 2017. Decided to start a blog a year ago in order to motivate fellow stackers. This is a long game, no shortcuts, no get rich quick schemes. Instead, a get rich slowly scheme. Yes I know, don't dox your bitcoin amount. Stupid of me to do so, but necessary if I wanna tell this story. Happy stacking fellow plebs. Enjoy reading! + +[https://er-bybitcoin.com/stacking-em-volume-12-june-2021/](https://er-bybitcoin.com/stacking-em-volume-12-june-2021/) +I have been seeing more and more of these 500c-800c's popping up daily now and today happens to be the biggest block series purchased I have seen since 04/16. + +[either about to be rich or a future manager of Wendy's](https://preview.redd.it/hoccg6ftasx61.png?width=1210&format=png&auto=webp&s=bdef7e98ebbd28bf39cc7e34db1dbe51aa5b9636) + +I myself am long in GME because Ryan Cohen is BRILLIANT and the company will be great in the future under proper leadership. As for the squeeze, I would not mind it but could care less atm. Should it occur, I will buy covered calls (buy-write for those who do not understand) and enjoy it. + +With the proxy vote arriving, does anyone see it being the catalyst for the squeeze to finally occur and be ended? We can all agree that absuive shorts attempted to bankrupt GameStop and should not have the power to do so. My thoughts are, with the amount of calls being "thrown to the wind" like these, is there something we do not know or cannot see? Why would someone aimlessly throw away $1.6m? They wouldn't. I have the luxury of doing well for myself and would not waste money on a guarentee fail. So, if you have any thoughts that aren't too tin-foilish, lmk. + +Cheers and good luck to everyone. Bears, Bulls, Pigs, and even gamblers. + +***Edit*** : If you find this person, please let me know so I can buy them a Ternion award and give him my wife for a night. + +***Edit 2*** : Please everyone....this is meant to be a discussion on who or what would buy these and NOT a debate on whether or not to buy them. Understand, I would not buy them myself as I only play weekly covered calls/puts. I am invested IN GME and NOT trading GME. I like Ryan Cohen and love what he has done with Chewy. So his new journey is exciting. Outside of GME, I play TSLA, MARA, VIX (bear mode activated), AMZN, AAPL. I also tried playing RKT calls for earnings. We all know how that went.... 1.89-.06 per contract lmao + +***Edit 3*** : A buy-write is how to purchase covered calls. I'm happy to make a post on this as a few people in the comments below do not know about this. Learning is key to success and I'm happy to share knowledge on it. + +***EDIT 4 :*** *Thet bet CORRECTLY!!!! BRILLIANT play!! Well Done person. You are now a whale as the contracts went above $12.05 for a moment!* +Just wanted to hear all of your thoughts as to why ETH is losing so much ground to bitcoin as other alts seem to be gaining ground? Could it be the Bancor hacker cashing out? The volume seems reasonable too which is weird and no negative developments as of late. + +**NYSE is closed and I’m bored, so I did some math stuff with exponential growth rates.** + +I started wondering what the growth rate of the floor equation is and thought, hey I can use math stuff to figure that out. + +So here it goes. First we have the $GME exponential tracking chart™ from Friday for reference: + +https://preview.redd.it/0k39n4evig271.png?width=808&format=png&auto=webp&s=91828c2cc5f61749a186c9d2068500e320d6ff7a + +**1) Calculation of the constant day-to-day growth rate of the exponential floor:** + +If we want to know how much the floor grows from day to day, we are gonna need the equation for exponential floor: + +https://preview.redd.it/ga5kzwofjg271.png?width=373&format=png&auto=webp&s=2e2b338c5333011cf9224599d1c7b6614c82ef84 + +Now we can calculate day-to-day growth rate as so: + +&#x200B; + +https://preview.redd.it/f51jayhojg271.png?width=752&format=png&auto=webp&s=d6f78bd51f75ddffe8fd2d459b13d290e0816076 + +So about 1.7% growth each day. That’s not too bad, but it doesn’t seem that impressive either… But hey, what if we look at the compounding effect over a year? + +&#x200B; + +**2) Calculation of the constant year-to-year growth rate of the exponential floor:** + +If we have 365 days in a year the constant year-to-year growth rate of the exponential floor is: + +&#x200B; + +https://preview.redd.it/d7k7gfh2kg271.png?width=779&format=png&auto=webp&s=54a25f3dc1308de3bc8c7aee687a5c6a56784863 + +**Yup, forty-six thousand and eighty-five percent growth in a year. Exponential growth is fun if you are on the right side of the deal 🚀 🚀 🚀** + +&#x200B; + +**Update / addendum:** + +I you are bored too and for some twisted reason want to calculate the growth rate over N days, the formula is: + +https://preview.redd.it/er2oc8fqpg271.png?width=675&format=png&auto=webp&s=fe20a3048c6161dc370e53d739f6574d3bbc1f54 + +&#x200B; + + +[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!* +http://www.wsj.com/articles/why-the-redskins-players-are-so-frugal-1452014607 + +“Maybe someday I’ll have enough saved and I’ll see what I can get,” said starting quarterback Kirk Cousins, who drives a dented GMC Savana passenger van to work. “But it’s better to buy appreciating assets than depreciating. No yachts, no sports cars.” +A token claiming to assist in ethereum governance has been created (EGL token - Ethereum Gas Limit) and around 20% of the hash power of ETH has already signed up for this and are collecting these tokens, which threatens to disrupt the governance process of Ethereum and manipulate gas limit in favour of miners. + +In regular process, the gas limit used on the network is voted on by miners in coordination w/ core devs. The miners can vote on the protocol’s gas limit. In regular course, the miners are incentivised to act in the best interests of the protocol and retain this governance. However, with proof of stake merge cutting miners out, they are now acting in selfish interest. + +However, EGL now seeks to bribe miners to tokenize & sell this control to the market instead, ignoring due process. Such a proposal will never pass EIP process, but now due to greedy miners this attempt at power grab is being played out. + +Miners are taking this step because of the upcoming proof of stake merge, that threatens to cut miners out of the picture. Hence, they are attempting to divest their control on the network in this fashion, by selling their governance out in collaboration with some rogue VC funds, and trying to seek rent on the governance process. + +The Ethereum team must make it clear that they don’t endorse this EGL project. People buying this in the market are just helping rouge miners cash out and providing liquidity to bad actors. +A token claiming to assist in ethereum governance has been created (EGL token - Ethereum Gas Limit) and around 20% of the hash power of ETH has already signed up for this and are collecting these tokens, which threatens to disrupt the governance process of Ethereum and manipulate gas limit in favour of miners. + +In regular process, the gas limit used on the network is voted on by miners in coordination w/ core devs. The miners can vote on the protocol’s gas limit. In regular course, the miners are incentivised to act in the best interests of the protocol and retain this governance. However, with proof of stake merge cutting miners out, they are now acting in selfish interest. + +However, EGL now seeks to bribe miners to tokenize & sell this control to the market instead, ignoring due process. Such a proposal will never pass EIP process, but now due to greedy miners this attempt at power grab is being played out. + +Miners are taking this step because of the upcoming proof of stake merge, that threatens to cut miners out of the picture. Hence, they are attempting to divest their control on the network in this fashion, by selling their governance out in collaboration with some rogue VC funds, and trying to seek rent on the governance process. + +The Ethereum team must make it clear that they don’t endorse this EGL project. People buying this in the market are just helping rouge miners cash out and providing liquidity to bad actors. +Hey guys! I have no one to share this with so I'm just writing this out to get my emotions out and for advice. + +To this date, I have lost \~$80k over the last 1.5 years attempt to learn to day trade stocks/futures. I make \~140k a year, currently live with my parents in a high cost of living area. I've been wanting to save to buy a house as my main focus and thought day trading would help me get there faster. Boy was I wrong. + +I've had pretty big wins and losses. I didn't take a few of my stop losses which led to really big losses. I've also had pretty big winners. My biggest problem was most likely overtrading and constantly attempting to trade even though I was down a lot of money. I basically started to over trade and revenge trade and found it hard to step away from the computer. + +&#x200B; + +I make pretty good money but I am currently sitting here thinking how much I screwed up and how I could literally have a house right now. I know I make pretty good money and can bounce back from this at some point. Would it be wise to just step away from the markets completely until I buy a house and control my emotions trading? Anyone have a similar story because I would love to hear it and what happened afterwards. + +&#x200B; + +Edit: Thank you all for the Reponses! Think I will take a step back from day trading and just throw money into an ETF/long term investment till I buy a house. Thanks for the responses! Means a lot to me! +If you missed the weekend DD... here it is (you might go all in too): +[https://www.reddit.com/r/wallstreetbets/comments/wsxdpx/the\_true\_reason\_why\_rc\_sold\_his\_bbby\_shares\_a/](https://www.reddit.com/r/wallstreetbets/comments/wsxdpx/the_true_reason_why_rc_sold_his_bbby_shares_a/) + + +At first, I was like, nice DD maybe I'll toss "Some" cash at it. +But after the 50,000 reddit schmeckle, awards tossed around. I'm all in. + + +[Isn't that like a $150-$200 reddit award?](https://preview.redd.it/qi1czwwexaj91.png?width=1548&format=png&auto=webp&s=0ed376cc4a3669a1a9d0c259504d96e97d321619) + +&#x200B; + +anyway, despite all the fucking [💩](https://emojipedia.org/pile-of-poo/) FUD on those pesky hedge owned news sites (CNBC, Zerohedge, Market Insider, CNN) . +I purchased on a Cash only account, so I know they are my own shares. + + +I made big block trades (all or none) so that I wouldn't grab shares from paper handed retail investors[🧻](https://emojipedia.org/roll-of-paper/) , and it would almost guarantee these shares were sold to me by some hedge fund [🐋](https://emojipedia.org/whale/)whales[🐋](https://emojipedia.org/whale/) pushing synthetic shares. These shares will clear in 1-2days. + +&#x200B; + +https://preview.redd.it/agtd2hr13bj91.png?width=2676&format=png&auto=webp&s=1398bb5ca1c7b3619903ed69fe67e4ccbe1502bb + +&#x200B; + +I plan on holding until I see a reasonable market cap. +🚀🚀See you guys on Mars🚀🚀, or in Earths Core [💀](https://emojipedia.org/skull/). + + + +This is not financial advices. I'm simply showing the yolo trades I made and why. Trading is risky, so do it at your own risk. +Hi gang, + +I’ve fairly recently started a new job after successfully applying for a new department, internally. + +My contract is the same as it was previously, 35 hours. I used to work 9-5 with an hour for lunch. + +Since starting the new role I’ve found that the hours expected are now 9-5:30 with an hour for lunch, every day. + +There is a clause in the contract that says “you are expected to stay until you finish your tasks for the day” - which is fine, I’m not precious about a few minutes at the end of the day tying up loose ends but 30 mins a day every day for a year is 3 weeks worth of work unpaid, annually. + +For the record this isn’t a £150,000 a year role, it’s just above national average. + +I’m a bit more precious with my time now I’ve found out we are expecting a baby at home too. + +Obviously my first step will be to speak to my line manager but does anyone have any advice? + +Thanks 🙏 +I have a friend who won $200k after taxes during a lawsuit. She has no idea what to do exactly. It’s a lot of money for the her. What would be the best way to go about it? + +I was thinking pay immediate debts, maybe find a fee only fiduciary to help her manage the money and invest in some dividends ETFs to have some extra income. Any advice would be appreciated. + +Edit: thank you everyone for your comments. She will be reading this later on. +Still starting out in my finances. I'm reading rich dad poor dad and they touch this quote +But im a but confused as different people have different meanings + +In the book, rich dad says: "I pay myself first because if I know that i'm low on cash to pay my debts at the end of the month then I start thinking of ways to make money, I make fear my motivation" + +Now I don't believe it is the best way to do so, but I hear many people quoting it so I want to know: + + why do you pay yourself first and why should you reccomend it? + +I would love to know your insight that way maybe I can change my way of thinking + +Please and thank you +Ive just received some money from a relative who sadly passed. I used the money i got to pay off my school bills but now i dont know what to do with what i have left. I have about $10,000 left, should i invest it? what are those growing bank savings accounts? should i get one of those? im sure ill use it within the next two years but id like to make the best of it. x thanks reddit +I know this isn't going to be in depth enough for a lot of specific advice, but I need some general advice on where to start. + +So I have hit my 6 month mark of not being in school and have to start paying my student loans. + +Mine is fine. The issue, is that my mom has a parent plus loan. The minimum payment is $800+/month and because of my parent's income they can't get it lowered. + +I just had a baby two weeks ago. My parents are primary caregiver to my grandma. We can't afford $800/month. + +Is there anything we can do? Where do we start? + + +Still starting out in my finances. I'm reading rich dad poor dad and they touch this quote +But im a but confused as different people have different meanings + +In the book, rich dad says: "I pay myself first because if I know that i'm low on cash to pay my debts at the end of the month then I start thinking of ways to make money, I make fear my motivation" + +Now I don't believe it is the best way to do so, but I hear many people quoting it so I want to know: + + why do you pay yourself first and why should you reccomend it? + +I would love to know your insight that way maybe I can change my way of thinking + +Please and thank you +Okay so I'm about to come out to my parents next year, blah, blah, blah, and, long story short, I think I'm going to be 100% completely on my own financially in about a year and a half. + +So. I'm trying to save up enough money that I won't be homeless. + +Right now, I'm making a list of expenses. I've budgeted for rent, grad school tuition, health insurance, and a phone plan. I'm thinking about a car if I can find a good one with low (high?) gas mileage. + +Assume I am incredibly stupid and have no real-world experience at all whatsoever. What do I need to budget for that I'm forgetting? + +Edit: While I am still more than open to more advice, I want to thank each and every one of you who has commented. Genuinely, all of you made this seem surmountable and that's really something I need right now. I really appreciate you taking time out of your day to help me do this. +I work for a local government and have opted into the pension scheme, as all my colleagues have raved about how they're much better than private or personal pensions. + +I've had a quick go at the math's and this doesn't seem to be the case, for me anyway. + +Lets say, my annual salary is £25k, my salary and inflation increases 4% each year till I retire in 40 years. + +If I invested in a private pension, I'd pay 5% of my salary (£118k total) till I retire which my employer would match. If I invested this and made an average 8% return each year, I'd have a total pension value of £1.14M (or £0.6M if returns are 5%). + +However, if I stay in my government pension, I'd contribute 7% of my salary (£166k total) and my annual pension allowance including the added inflation would be £50k (salary/49 is how they work it out). If I died at the average age of 80 I'd have 12 years to claim this, making my total pension value of £0.61M. + +I understand there's many variables here and possibly more risk with the private pension, but I really don't get the hype for the government pension type, plus I don't like the lack of control I'd have. + +Any help would be appreciated. + +Here's an image of how I've worked all of this out: [Imgur Image](https://imgur.com/a/NMUb60G) + +Have I missed something? + +Cheers + +EDIT: Thanks a lot for all of the comments. I wasn't expecting this much advice at all. +Just a reminder to everyone with a Workplace Pension. + +Make sure your double check how you’re paying for your contribution. + +For the past 2 years I’ve been contributing 9% from my NET PAY. And not as a Salary Sacrifice. + +Why my employer set it up like that is unknown. +And why I never realised even though I check my monthly wage slip is also unknown. + +I hope this helps others just in case you may not want to be contributing to your pension via a net pay deduction. +My parents lived in Wisconsin when they retired. But only for 7 months a year. They lived in Mesa Arizona for 5 months of the year to escape the snow, wind, bleakness, and cold of Wisconsin for the months of December - April. Once it got hot in Arizona in late April, they looked forward to returning to Wisconsin around May 1st for the beauty of green trees and spring and summer and early fall in the Midwest. They rented and did not own a house in Arizona. + +What a life! + +Many of their friends from Wisconsin either rented a home, condo or apartment in Arizona in the same neighborhood as my parents every winter, so they moved their familiar friendships south. + +Have you considered being a snowbird in Arizona, Florida or another warm weather spot in the winter now that you are financially secure? +Hey guys, I wanted a little advice on my situation. + +I am unfit to work due to long term chronic illness, and my only source of money is benefits (HB, ESA and PIP). I hope that one day with the right treatment I will be able to return to work, but with the several year waiting lists on the NHS it is unlikely this will happen soon. While I am extremely grateful to receive benefits that allow me to keep a roof over my head and food on the table, Its extremely hard to make ends meet and it leaves nothing extra for other essential costs. + +A family member who is very well off has got in touch and said they want to give me give me £500 a month, every month, while my situation remains like that. This would mean I could afford to access private treatment and get back on my feet much quicker, it would also help with cost like car maintenance (which I require to get around) and other essentials. + +This would mean the world to me, but I am unsure if I’m able to accept this offer as I’m worried it would be grounds for my benefits to be cut or removed, putting me in a worse situation than I was before the offer of help. + +I’ve tried speaking to the benefit office but I’m struggling to get through to anyone, being left on hold for hours and often getting cut off. I am also worried that even discussing this with them about this would jeopardise my benefits - I’ve not had an easy time with them and I’ve nearly been made homeless twice due to mistakes at their end, so I thought id see if I can get any advice or information from here. + +Thanks for your help + +Edit: I am based in England +Essentially what the title says. I'm brand new to real estate investing, but I'm looking to buy a duplex or rental home within the next 9 months. Aside from browsing this subreddit and some googling I really am uneducated on all the fundamentals. I really want to read several books and better educate myself before jumping in. Any recommendations on books that cover everything A-Z? Books that explain it simply, or books that really helped you? Any suggestions are appreciated. Thanks +Hi everyone. I live in the Atlanta, GA area. I now no that quadruplex's are off market unicorns, but there's gotta be a way to find them. Any suggestions and or partnership opportunities are welcome. Thank you so much. +**Website:** https://quantstamp.com/ + +**Whitepaper:** https://docsend.com/view/shcsmhe + +**MCap:** https://coinmarketcap.com/currencies/quantstamp/ + +**Sub-reddit:** https://www.reddit.com/r/Quantstamp/ + +**Summary:** + +> Quantstamp is the first scalable security-audit protocol designed to find vulnerabilities in Ethereum smart contracts. Our team is stellar: PhDs with industry experience, backed by a powerful blockchain industry advisory board. +> + +I've been following QSP for some time now, and I'm preparing to make a call on going in or not. + +Essentially, Quantstamp is a means of auditing Ethereum based smart contracts. + +The part I find most interesting is this: + +"The Quantstamp protocol is a scalable system to audit all projects on Ethereum." + +That is, QSP, in theory, has applicable uses across all(?) Ethereum based coins. + +**Which is huge.** + +This meme sums it up pretty nicely: https://i.redd.it/490rfvh0g2201.png + +I'd love to hear the thoughts of the wider Cryptocurrency community, so please fire away - whether you think it's going to tank due to technical issues or head to the moon, throw your 2cents into the bucket. + +Cheers + +edit: added link to QSP sub-reddit for clarity +Sorry if bad format, I'm on mobile and in the hospital with my mom. Also apologies for not being super organized, as I'm trying to explain and get as much out as possible. + +My Dad is 66 and my mom is 59. As far as I know, they have never had health insurance. I never even went to the dentist until I joined the military. + +My dad owns a real estate appraisal company that is in their house, and my mom is basically his secretary. She runs all of the errands, pays all the bills, basically everything but the actual appraisals. They are absolutely borderline hoarders and have no real structure with their filing system. They have dozens of three foot high stacks of files, and then they have like 15 filing cabinets that are bursting at the seems. + +My mom had a stroke Thursday night and has been in ICU since. She's not doing very well, and the doctor is talking about sending her two hours away for intense rehabilitation. I flew out here from halfway across the country because I'm military, and because of that I only have so much leave I can burn to help. + +My dad has no idea what to do. He hasn't cooked for himself in 30 years, and he doesn't even know how to work the washing machine. He doesn't know how to pay for any of these expenses, which he has been told this visit alone will be more than $100,000. He doesn't even know how to bay his utility bills anymore. + +Is there any sort of program that can help them? We don't know if my mom will get better any time soon, and I definitely can't afford to help or even be around very often. They live in New Mexico if that helps at all. I'm willing to answer any questions and am very grateful for any help. + +Edit: +I am completely overwhelmed by the resounding response from everyone. I didn't imagine this post getting that much attention. I will read all of the comments when I have a little more down time, but what I have got so far is: + +Have my mom apply for Medicaid +Look for all of their bills and get them on autopay +Talk to hospital financing, a case worker, and social workers +DO NOT SIGN ANYTHING + +I will be sure to try to get through everything soon, as I saw a lot of helpful looking resources. But it is time to get some sleep now. +[https://en.wikipedia.org/wiki/Repo\_105](https://en.wikipedia.org/wiki/Repo_105) + +We've speculated that the repo market might be shoring up the balance sheets of certain institutional funds. But here's a clear example of a fund that already pulled this maneuver. + +Edit: To be clear, this is an example of a ~~fund~~ bank using the repo market to misrepresent their financial standing. But the situation in the market right now is a little different in that ~~funds~~ banks seem to be hungry for collateral, not cash, which is the reverse of what Lehman did. I only bring this up to show that repo market has been used in the past to cook the books, and as such, it can't be discounted that the repo market is being used to cook books now. +[This article](http://online.wsj.com/article/SB10001424127887324482504578454691936382274.html) has me a bit confused. If demand for Apple's bonds exceeded supply, shouldn't the returns offered to investors have decreased to the point that demand and supply matched up? + Please limit all discussions of the October, 2022 CPI release to this thread. + +The latest CPI release can be found here: [Consumer Price Index Summary - Results (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) + +The latest CPI data tables can be found here: [Consumer Price Index - Results (bls.gov)](https://www.bls.gov/news.release/cpi.toc.htm) + +Expectations are as follows: + +CPI M/M + +* Previous: 0.4% +* Expected: 0.7% + +CPI Y/Y + +* Previous: 8.2% +* Expected: 8.0% + +Core CPI - Ex-Food & Energy M/M + +* Previous: 0.6% +* Expected: 0.5% + +Core CPI - Ex-Food & Energy Y/Y + +* Previous: 6.6% +* Expected: 6.6% + +Information about the CPI can be found at the Bureau of Labor Statistics here: [CPI Home : U.S. Bureau of Labor Statistics (bls.gov)](https://www.bls.gov/cpi/) + +Note that estimates are based on surveys and averaged from a range and may vary depending on source of survey. +Stocks these days give very little dividends, the company gets no money for your purchase in the secondary market, and in the event of liquidation, public shareholders get nothing. As far as I can see, the only point in buying a stock is to sell it to someone else for more money later. Isn't this just a ponzi scheme? Could someone please tell me how these things are supposed to have intrinsic value? +I saw a comment saying that you shouldn’t haggle over a few thousand dollars because you could lose a good house. This is true, however in my experience it actually worked out for me a lot. This story is from a couple months ago. + +So basically my broker set my limit at 730k but said if I had to I could go 750k. + +Now one particular Saturday morning, there was a clashing auction for 2 houses I was interested in. I went to the more expensive house and was in the final 2 parties bidding, but it got passed in. I firmly stopped at 742.5k when negotiating with the agent/owner post-auction (passed in). They wanted 750k and I did not budge one bit. The other guy won it for a price I did not know. Also this was a big day for my NBA team in the playoffs and I was actually watching on my phone while waiting for the agent to talk to the owner. Yeah I’m a cooker, focused on NBA on potentially the biggest day of my life thus far (financial acquisition wise). Anyway I left that auction quite disheartened. But I watched the rest of the game in the car and my team won (yay). + +Same day later in the afternoon, I went to another inspection for a house I liked that had been passed in and was open to offers, and suddenly me and another interested party broke out into a mini-auction bidding war. I was in the kitchen and they were in the driveway, and the agent kept coming to us separately, secretely gauging our best offers. I crept up to 707k and firmly stopped there as I personally thought the house was worth no more than 700k tbh. The other party won the house with a higher offer that I didn’t know. + +So I went home pretty sad for narrowly missing 2 houses, and partied with my mates all night. Next morning I woke up slightly hungover and thought to ask the agent what that house went for, the one I didn’t go to the auction for. He said it passed in and asked whether I wanted to come see it again today and put an offer down. + +So I went, and snagged it for 685k under building and pest clause (but it was fine so I’m all good). I absolutely love it. + +Later I found that the house I went to 742.5k for, sold for 745k, and the house I went to 707k for, sold for 710k. So basically in one day I dropped two houses for 2.5k and 3k respectively, but ended up securing a cheaper house that I love. And seeing what happened with interest rates, thank the lord I didn’t go to my limits. + +Wild weekend, a bit of luck and a bit of stingy-ness / hard limit for given house. +What's everyone's take on RIOT? Specifically being "tied" to BC? I've been getting in and out of RIOT shares nicely by watching the dips on bitcoin. On a whim I grabbed a RIOT 4/23 48 strike last week. I assume RIOT and other block chains will be hot next week . + +Anyone making similar plays? +Hey fatFIRE. + +I've been pretty fortunate and save a lot mostly because that's how I was raised *("you don't get rich spending it" - my mom)*. That said I'm 31 and have been living the frugal life for a decade of my career. + +Just got a big raise at work negotiating a counteroffer. Here's my financial picture: [https://imgur.com/a/X7qgmXo](https://imgur.com/a/X7qgmXo) + +**490K income, 1.4mil savings** + +I currently rent a 2bd condo in Seattle for **1300 a month** (roommate pays the same). Its not that nice, but it is an incredibly low rent for what it is and compared to the area. This place needs a remodel bad. + +I've been looking at buying a place. I'd always said I'd finally splurge on something when it came to a place to own and live, but I'm having some hesitation. A really nice condo in Seattle is around a 1 million, but there are some pretty incredible ones if you go to 1.5mil. Most of what's < 700k is worse than where I'm living now. These places typically have a 800$-1k a month HOA due as well. + +That said that means like **5-7k per month** in mortgage + taxes + hoa. That said they've got new interiors, appliances, a view, a gym, rooftop BBQs. They're gorgeous. + +It seems like such a bad value compared to what I have now, but a significant upgrade too. Would I still be on track to FIRE by age 40? Is it worth it? How do you all think about value and when to go for it on something like that? + +On the other hand my fear in not doing it is that I'll get old having saved a lot and never pulled the trigger on a lifestyle upgrade. This is *fat* FIRE after all. +I anticipate hitting my fatFIRE number of $5M within the next 1-2 years. I currently manage all my own assets and do my own taxes. I enjoy spending time managing because I understand where every penny goes, but I also feel like I might be leaving some money on the table by not hiring a professional. For example, I could probably be doing more with tax advantaged retirement accounts. + +Do you manage your own wealth still? At what point do you think it makes sense to hire a wealth management firm? I’m talking to Fidelity but not sure if their fee is worth it (1% of AUM). + +If you leverage one, have you seen good returns with them? Have any bad experiences? Did you learn anything eye opening with them? + +Single, male, not married, no kids, no house (still renting). +Credit Suisse put out a report on Asian economies . + +One statement was very amusing to me " the most exciting phase of its recovery lies too far in the future in the first half of 2022 (H1'22),” + +Wow, for these reports 12 months is 'too far in the future' And people actually follow these kinds of opinions when investing in equity! + +One report is here: [https://www.business-standard.com/article/markets/credit-suisse-upgrades-india-to-overweight-in-apac-portfolio-121021600475\_1.html](https://www.business-standard.com/article/markets/credit-suisse-upgrades-india-to-overweight-in-apac-portfolio-121021600475_1.html) +My taxes are a mess, and I would like to hire a CA. I would prefer meeting up with one face to face, but live in a tier 3 town/village. Is it safe to be working with a CA virtually? +Hello to this sub! +Thank you so much for all of the information and effort everyone puts on here. It really made me more aware about issues of money. + +That said, as a minor (and a rather sheltered one at that), I'm quite overwhelmed and stressed out because of college and the inevitability of student loans. I'm terrified for the future I just subjected myself too, and revelations of some family financial secrets that I didn't know about have made my fears worse. I want to do anything I can to prevent the worst of my debt early on. I'd like to apologize in advance if I get some financial terms wrong or fail to explain myself properly because I'm still learning about everything at once and it's a lot. + +My current situation: I apparently have 1k USD cash in savings in some bank, close to another 1k invested in stocks, and a couple hundred dollars in my joint account with my mother. The latter is something I have access to and knowledge about. The others I haven't known of until I had to apply for FAFSA. + +I have no credit card. I have to pay 15k in student loans for the next 4 years to finance my education at a state college. I'm applying to scholarships but no luck so far. I'm interviewing for a job and will make around $15/hr as a part-time student if I get hired. + +I'm very lucky right now to be taken care of by my parents and to be living comfortably even though our financial stuff is all changing and complicated. However, the problem lies in my parents' financing. + +They have some financial problems because of their divorce. In this, somehow, my mother lost her retirement fund (if that's possible) and she's approaching 50, so she's screwed. I have a younger brother going to college in the next couple of years. My parents have to take out 22k in PLUS loans for just my four-year education, on top of increased property tax of 8k per year and a second house for my dad because of joint custody. I might lose my stocks to help pay for everything. + +I admit my parents are not really frugal or the best at budgeting and now we're in a very precarious situation where we're living like we still have money we used to have. This gives me the personal responsibility to take as much burden off of my parents' shoulders as possible by later taking care of my mom's retirement fund when she retires (it's our culture to take care of our aging parents once we "grow up"), financing my own stuff as efficiently as possible, and maybe even paying for my brother's college education. I have no idea where to start. + +I want to start budgeting for my loans, learning as much as I can about PLUS and my parents' retirement and divorce crisis. Jobs are not going to be enough for this. Do I have to go into investing? Do I have to change my career to go towards a more lucrative field? (I absolutely hate STEM but I also hate the idea of crippling debt. My parents absolutely refuse to let up on my college because they've prioritized this so much so community college is an absolute, we're-going-to-get-evicted situation as a fall-back to save money. + +TLDR: Still a minor, my family's bad financial situation is going to bite me in the ass later, and I need information and help to plan or just a place to start. I have no idea how to do any of this still, so I'm going in with almost no knowledge assuming (stupidly) that my parents would take care of it for me. + +EDIT: First of all, I did not expect so many comments, holy crap! I'm so grateful for the help, I can't thank everyone enough. + +Some more information: I'm an Asian-American female about to go to University of Washington as a pre-sciences major. Also, correction: I would have to pay 15k per year, not four years overall. +I had a talk with my parents and to say that it went very badly is an understatement. I understand a good majority of the posters advocate for 2 years of community college or a pursuit of a trade, especially because I don't have a set career path right now. While that appeals to me, I basically have to choose between being disowned and going to CC or going to UW. It's not a hard choice. That said, I'm going to continue to pester my financial aid advisor for help, apply for scholarships, and I'm going to have to find a more lucrative career path to balance out my loans. +I’ve been at this for almost a year. My account is down nearly 50%. I cannot get the ball rolling. + +To give a little context, I am daytrading weekly options. I primarily trade $NVDA, my strategy is based primarily on support/resistance. Calls at support, puts at resistance. + +I find myself taking profits early, letting my losers go against me more than i should, you know all the cliche “don’t do this” type shit. I journal everyday. I know what works and what doesn’t. But it seems like every trade I take goes against me. I’m losing faith in doing this. I’m thinking I need to re-evaluate my strategy and go back to paper until I backtest a good, proven profitable strategy. + +Your input is appreciated. +While I haven't yet RE'ed, I'm FatFI. + +I was just enjoying a rather expensive lunch by myself, and I realized that I appreciate the energy I put into work and saving when I was younger to allow me to enjoy these simple pleasures in life. + +For those of you pursuing FI, it's worth it. Don't give up! +I've worked in consumer marketplaces the last few years. I think the points below are now pretty widely accepted within the industry but thought it may be interesting to others so I did a quick write-up below. + + +From about 2011 - 2018 there was rapid growth in marketplace businesses. Think food delivery (UberEats, Doordash, Postmates, Grubhub, etc), ride sharing (Uber, lyft), homes services (Thumbtack, taskrabbit) or grocery delivery (blue apron, instacart).  More recently we've seen a surge in last mile transportation companies (Scoot, Lime, Skip, etc). + +Many of these apps are now on our phone screens and play a central role in our lives. + +The story with these companies went as follows: these are supply driven marketplaces, if you acquire supply then you'll win the customer. For food delivery, this means hiring a huge sales team to go sell to restaurants. For home services, this means massive digital marketing spend. For ride sharing, this means massive out of home marketing spend coupled with subsidized driver wages. In 2017, it cost Uber as much as $[650](https://www.cbinsights.com/research/report/how-uber-makes-money/) per new driver it brought on the platform. + +Venture capitalists were happy to bankroll this. The theory was that you could spend your way to a liquid marketplace. A liquid marketplace is one where you have enough supply on the platform for consumers to have options. Then so many consumers come to the platform because there are options that it causes more supply to come to the marketplace. This flywheel effect gets so strong that neither supply nor customers can leave the marketplace because they are both there. Investors thought that it would take $$$$ to reach liquidity but that once a marketplace reached liquidity it would be extremely hard to disrupt. At that point, the platform would have scale and could ramp down their customer and supply acquisition cost generating profit that would continue.... into infinity! + +Fast-forward to 2017/2018, many of these consumer marketplace companies are no longer new startups. They've reached massive scale and have grown faster than any consumer companies we've seen in the history of the world. However, these companies are still burning cash and need more money. Historically, they would have gone public at this point. + +But, would public markets be as patient as private investors? If you're a Doordash, you're still selling investors on the liquidity dream. You're growing so fast! You just need to keep spending to reach liquidity for a few more years. This means that you would continue to be massively unprofitable up until that point. + +Enter SoftBank Vision Fund. + + +The SoftBank Vision Fund is a $100B fund founded in 2017. Yeah that's $100 BILLION. It was the largest private equity fund ever. About $45B came from the Saudis. Another $26B from SoftBank itself. The balance came from capital rich companies like Apple. + +SoftBank had so much money that it effectively replaced the public markets for these large consumer marketplaces. It was happy to drop another $[550M](https://www.vox.com/2018/3/1/17065928/doordash-softbank-gic-funding) into Doordash in 2018 as it continued to grow rapidly in a very unprofitable way. Chasing the liquidity dream. + + +Instead of being forced to go public to get huge amounts of cash, these companies could raise hundreds of millions in *Series Gs*. Historically, most companies would go public after Series D.  With every subsequent series of funding, Softbank increased the overall valuation of these businesses. This in turn moves the goal posts for how much scale a company has to hit in order to actually warrant that value. + +This brings us to the present day. + +Reaching a point where even Softbank can no longer satisfy their capital needs, some of these companies are going public. It turns out public investors are less patient... and we're not seeing the original marketplace theory play out. These companies aren't seeing the benefits of scale where at a certain liquidity level they can ramp down supply and customer acquisition costs and generate profit as the platform. + + +Last week Grubhub's stock fell by 41%. In a [shockingly candid shareholder letter, ](https://s2.q4cdn.com/772508021/files/doc_financials/2019/q3/October-2019-Shareholder-Letter.pdf)Grubhub basically said that they don't think anyone can generate profit in food delivery right now. They're not experiencing economies of scale running a delivery network, and neither supply nor the customer is proving to be loyal despite Grubhub's insanely massive scale. + + +Uber and Lyft are similarly down almost 40% since IPOing. + + +BlueApron IPOd at a $3B market cap and is now worth $111M. Before going public it cost BlueApron as much as $[150](https://www.linkedin.com/pulse/detailed-look-blue-aprons-challenging-unit-economics-daniel-mccarthy/) to acquire a new customer. 70% of these customers churned within 4.5 months. When BlueApron was venture-backed this spend was defensible because of the liquidity dream. When they went public, non-patient public investors just saw a massively unprofitable business. + + +DoorDash, Postmates, Thumbtack, TaskRabbit, Bird, Scoot, Skip, Fair, and almost every other consumer marketplace business that is still private should be shaking in their boots. They have huge paper valuations based on the liquidity dream. + +Nobody in the public markets is reaching this liquidity dream. Customers and supply are not loyal to a given platform. If your platform tries to improve its economics (say by raising delivery rates or increasing rideshare costs) another private venture backed platform will undercut you and the supply and customers will leave you. + + +What are the implications of this? + +I think we'll see the bigger marketplace companies try to cut their more egregious marketing costs to lower supply and customer acquisition. I think we'll also see prices go up on your food delivery, uber rides, plumber, etc. inherently leading to slowing or negative growth. Some of these companies will be acquired or go bankrupt. + +Investors are going to be much less inclined to invest in two-sided consumer marketplaces as the liquidity dream never really panned out. This will mean less innovation and new products in this space. But **we'll see more one-sided marketplaces where the supply is owned by the company and automated**. For example, rideshare from a company that owns a fleet of autonomous vehicles. Food delivery from a company that owns its own massive kitchens in major population centers (the uber founder is actually working on [this](https://www.cloudkitchens.com/)). City owned last mile transport as a public good. + + +Given the significant consumer value these businesses generated, I think we may also see **massive companies bundle them into their business as a frequency play** to get customers within their ecosystem. For example, Amazon owned grocery delivery as prime benefit to lock you in to overall ecosystem. Food delivery within a super app like Facebook also a marketing expense to lock you into their ecosystem, etc + + +This also has big implications for the gig economy as  gig workers have been effectively subsidized by investors the past decade and the reduction in growth above will also lead to a reduction in gigs. + +From a trading opportunity, I'd be short every consumer marketplace including Uber and Lyft at their already deflated values. +Recently I had uploaded a post regarding the investment opportunity for silver, where I go into the base investment case for this precious/industrial hybrid metal. It can be found [here.](https://www.reddit.com/r/investing/comments/kvs2ow/silver_way_more_than_just_a_precious_metal_and_an/) + +In short, there is a massive and growing amount of demand for silver. This is partly due to the fears of inflation and devaluation of the dollar and other fiat currencies around the world, but mostly (60% of it to be exact) comes from industrial usage. People mention, and rightly so, the growing emphasis on solar, electrical vehicles and the computerization of nearly everything. What do all these things have in common? They need silver and substantially more of it the more demand for these products grows. + +With demand growing and no way to easily scale up supply (see previous post on why), we are looking at quite and attractive industrial supply/demand story backed up by the fact that it is a precious metal and often moves in tandem with gold. + +Now, onto the title, the short interest. We have seen an incredible amount of media attention for what happened to GS and the hedge funds that tried to short the stock, but a somewhat similar case can be made for the silver sector. [This article puts it best.](https://silverseek.com/article/silver-shorts-last-stand) + +"The 8 big shorts have been “lucky” so far, that their predicament isn’t widely recognized. I’m sure that a small number of sophisticated investors are aware of the plight of the 8 big shorts. But the simple truth is that there has been no mention of the concentrated short position in COMEX gold and silver futures by any mainstream media source. Even on the Internet, the concentrated short position is hardly mentioned. There seems to be a growing groundswell of opinion that silver is the cheapest asset around (it is) and I’m even starting to hear some ask why silver is so cheap to begin with? Let me make it easy for you – the only reason silver is so cheap is because of the concentrated short position of the 4 biggest traders, who hold more than 312 million ounces short, as of the latest COT report. When combined with the next 4 largest traders, the concentrated short position grows to nearly 404 million ounces. The connection couldn’t be more direct. Silver is the cheapest because its short position is the largest." + +In the debate about of which ETF is the best for our purposes (PSLV or SLV) I think that obviously the choice is SLV. Many people try to discredit it putting in doubt that it holds all the silver that it should, but I think that this has always been biased statements by the bullion dealers. SLV is ran by BlackRock, who have many, many, many more assets under management than the SLV (in fact SLV is one of their smallest funds). Will such a leader of the investment industry put its reputation in risk? + +Some years ago (in the darkest recent age of silver, about 2013-2015), the short interest in SLV was much higher than nowadays (about 25-30%). Ted Buttler always defended that shorting the SLV was not permitted by the ETF prospectus itself, because shorting one share inhibits the adding os one Oz of silver (you can sell one share to a new investor without issuing it). He initiated a public campaign against BlackRock by permitting it. The result was a legal threat of BlackRock to Buttler, he had to retreat, but magically the short interest started to decrease during the next weeks/months till "simbolic" levels. Even during this last year, where we witnessed silver inflow to the trust of several hundreds Oz Moz over the year before, the short interest of SLV itself didn't rise. + +SLV itself has no meaningful short interest itself, but the arbitrage among it and the spot/futures market make the concentrated shorts of the Comex very vulnerable. And remember, the one with the biggest and arguably most corrupt influences, JPM, is no longer in the short side, so it will not be threated and because of that will do nothing, as they only stand to benefit from it. + +Advantages of SLV over PSLV are clear: + +- Much more available on brokers (unless in Europe due to MiFid II) + +- Much more liquid + +- And of course, it has options!! + + +As you can see, what we have here is a combination of an important precious and industrial metal that is being held short to a significant extent, with an extremely attractive supply/demand case for the coming decade to be made as well. All that being said, like I stated in my last post on silver, a final sell off as a result of a rising dollar is entirely possible and should be taken into account. Make sure to do your own research on this as well, but in my opinion it is clear that this market is ready to go much higher this year. Best of luck to all of you and have a good and healthy rest of your day! +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. +I sold JMIA 15p on Monday. The position is up 50% currently. If I close it out for 50%, I can make another play. If I wait, there is a decent chance the puts expire worthless and I make 100%. Are there commonly accepted best practices for closing out positions early? + +I'm inclined to cash out and make an earnings play, but I feel like I'm drifting towards gambling at this point. + +Edit: I closed at $0.30 per contract after buying for $0.80 per contract. Current price is $0.15 so it wasn't perfect timing, but then again who'd have bet on JMIA being up 12% on the day. Took the money and sold CODX 11p 11/20. +Hello theta gang, while watching tasty, Tom mentioned that there was nothing wrong with a trade, other than that it was speculative. My question then is why would one bother to be speculative, wouldn’t we be best off selling strangles? I can understand when market shifts and your delta becomes too directional, but to be quite honest, even in playing a contrarian move, why not at least play a skewed strangle? You never really know if the stock will continue to head in one direction. Why bother speculating? + +I guess I wasn’t clear: why bother selling short naked calls or puts on an underlying as opposed to selling short strangles to avoid speculation, neglect call and put skew. +This sub is becoming polluted. Let’s start to clean it up to keep this a knowledge base and not devolve to utter nonsense. + +[View Poll](https://www.reddit.com/poll/k14hvx) +So I understand that you buy a deep in the money call to use as your collateral and you sell an out of the money call at a higher extrinsic value. Now what happens if the shares never drop to the strike of the calls you're buying? +I have noticed in this group that some traders prefer to stay delta neutral in their portfolio. In theory I get it that the more your portfolio is delta neutral, the less your portfolio is exposed to wild swings in the market. But I don't get these questions - + +1. How do you guys make money then? I assume you guys rely solely on theta decay. +2. What do you guys do in the bullish market? Doesn't delta neutrality feels like a drag on your portfolio when the market eventually goes up in the long run? +3. Let's say your portfolio is delta neutral today. It won't remain delta neutral in the next trading session since the market moves. So at what point you guys add more positions or adjust them to become delta neutral back again? + +Thanks! +What's the difference between a pigeon and a stockbroker? + +A pigeon can afford the deposit on a BMW. + +Genuine question, I didn't get it and would like an explanation. +For those that have been trading full time and now live off of retail trading, do you have any concerns of the market changing so much that you are no longer able to consistently profit from new conditions? Is this a big caution for full time traders? + +I want to eventually become a full time trader and this is a big question that's been on my mind. + + +Edit: Thanks for all the great answers. +Ask the main price charts to stop showing Mt. Gox as the *default* chart, and ask those only showing Mt. Gox to add other exchanges. + +If Mt. Gox is no longer seen as the default exchange, we become less reliant on them. + +**Contact pages for the price charts:** + +-[Bitcoinity](http://bitcoinity.org/contact) + +-Bitcoincharts: info@bitcoincharts.com + +-The Clarkmoodie one is run by Clark of Bitcointalk. He can be contacted [here](http://clarkmoody.com/contact/), or alternatively, [on the forum](https://bitcointalk.org/index.php?action=profile;u=5794). + +-Blockchain, which only shows Mt Gox, can be contacted [here](https://blockchain.zendesk.com/anonymous_requests/new). + +-[Listen to Bitcoin](http://www.listentobitcoin.com/) can be contacted at "max at listentobitcoin.com". + +-If you're Dutch, [contact Bitonic](https://bitonic.nl/contact), and ask them to peg themselves to another exchange, rather than Mt. Gox. + +-Please add any that I forgot in the comment section, and I'll add them here. + +It may also be useful for you to have a look at [this list](http://www.reddit.com/r/Bitcoin/comments/1b9sak/alternatives_to_mtgox/) of alternative exchanges. +1) Last 6 Months comparison of GME and CPNG ---> https://imgur.com/a/Dtq7XDI + +Since Dec 14th, 2022, the charts are almost identical + +An American video game company undergoing a digital transformation + +A south Korean ecommerce company + +Not only are they not in the same market segment, they are not even on the same CONTINENT + +How the heck are the charts matching so well?? + +2) Screenshot showing comparison of GME and CPNG over the last year -> + +https://imgur.com/a/IGle6H3 + +This chart really highlights how Dec 14th, 2022 onwards the two charts mimic each other, when earlier there were no similarities + +3) You can test it yourself here -> https://www.barchart.com/stocks/quotes/GME/interactive-chart + +Just click on 'compare' and enter CPNG (Coupang) + +**************************************************************** + +Context: We know that there is a very strong hypothesis that Amazon is in cahoots with Short Hedge Funds such as Citadel and that SHFs are heavily shorting Amazon competitors + +That this is being done in a systematic way + +In fact, the list of heavily shorted stocks reads like an Amazon competitor and acquisition target hitlist + +1) GME - Games are an area Amazon is DESPERATE to make inroads in. One of its main pillars was sales of physical game disks and consoles. That is under threat due to the shift to digital + +2) Heavily shorted stocks Meme Basket such as BBBY, Kriss Kross, Blueberry, etc + +3) Movie Stock. Amazon is trying to get Regulatory approval to buy MGM. Bankrupting Movie Stock and getting all those cinemas would give it cradle to grave movie industry chain + + +4) Wish. amazon tried to buy it for $10 Billion (as did Alibaba). Please take a look at Wish's chart. Wish's chart is like a stock you bought on Wish + +5) A disconcertingly high number of companies that are direct Amazon competitors such as Newegg + +6) [Wildcard] Even Space companies (conceivably due to being rivals of Blue Origin) are being attacked. Example: SPCE + +In fact, the list of companies destroyed by heavy short selling ALSO reads like an Amazon competitor hitlist + +Sears + +Toys R Us + +Overstock (recovering, slowly) + +Blockbuster + +*************************************************************************** + +What gives further credence to the fact that Stock Market is being used to kill off Amazon competitors is + +What happens to companies that List in Other Countries and avoid US Markets + +Well, the answer is EXCEEDINGLY interesting + +A) Shopify - doing very well. Many now consider it the biggest threat to Amazon in eCommerce + +Interesting that being in Canada (Canadian Stock market) means they could not be naked shorted to death + +B) FlipKart - India. Never IPO'ed in US so its stock can't be hit. Flipkart is #1 in India and now is acquired by Wal Mart and still holding #1 spot well + +C) Mercado Libre - South America. Never IPO'ed so its stock can't be hit. Mercado Libre is #1 in South America + + +*************************************************************** + +We see a crazy pattern + +Any company that is OUTSIDE American stock market and competes with Amazon - is doing very well, and in most cases is handily beating Amazon + +Any company that lists in US Stock Market - gets WALLOPED in the stock market and cannot compete with Amazon + +US stock Market (via SHFs) is literally clearing the path for Amazon to dominate + +Instead of buying Wish for $10 billion or $15 billion + +AmaDel is just cellarboxing it + +*********************************************************************** + +To add to that - Amazon is MASSIVELY pumped up in the US Stock Market + +It is not just that competitors are being killed + +Amazon is being given FREE MONEY + +After stock market crash of 1999 it was losing $1 Billion a year but it was propped up + +For over a decade it had no profits. It was propped up and pumped up + +Amazon has one of the craziest valuations, when compared to ecommerce and retail (WalMArt, GME, etc) + +Its Price to Earnings has been absurdly high for decades + +Even when compared to Apple and Microsoft, until recently, it was in 80 to 120 Price to Earnings range + +That is ABSURD for a company that last quarter had 1.8 billion losses in ECommerce, $5.1 billion profits in Cloud and had to sell $8 billion of Rivian to prop up its stock price by showing 'profits' of $11 billion + +************************************************************************************************** + +Some Context + +Last Quarter Amazon had + +1) $1.887 billion losses in eCommerce (everything except Cloud) + +2) $5.293 billion profits in Cloud + +3) Pre Tax Valuation Gain of $11.8 billion from Amazon's common stock investment in Rivian Automotive + +So Amazon added $11.8 billion 'profits' from its Rivian holdings to make its $3 billion profits seem like $14 billion profits + +Its actual 'profits' were $3.39 billion, not the $14 billion it put in its Earnings Reports + +It is valued at $1.48 Trillion, with P/E of 45.37 + + +Does that seem reasonable given that + +A) Apple Market Cap is $2.53 Trillion, with P/E of 26.32 + +AND Apple made $34 billion net profits in the last quarter. That's $11.3 billion every single month + +Take out one time Rivian 'stock appreciation profits' and Amazon made $3.3 billion in the entire quarter, while Apple made $34 billion (TEN TIMES) + +Why is Amazon 45.37 P/E while Apple is only 26.32? + +B) Microsoft Market Cap is $2.1 Trillion, with P/E of 30.38 + +Its profits were $18.8 billion. So 5 to 6 times that of Amazon's $3.3 billion (removing one time Rivian 'stock appreciation profits'). Why is Microsoft P/E at 30.38 and so much lower than Amazon's P/E? + +***************************************************************************************************** + +The stock market is PUMPING up Amazon + +Now with 20 to 1 reverse split, AGAIN, they are trying to make Amazon look like it is a BIG tech heavyweight comparable to Apple, Microsoft when Amazon's True profits are 1/10th of Apple, and 1/5th of Microsoft + + +********************************************************************** + + +The Stock Market, or people who control the stock market, thought that RETAIL based Amazon with miniscule profit margins (even after adding cloud Amazon's profits are less than 1/3rd of Microsoft and Apple) + +should have 3 to 5 times higher P/E + +This is for most of the last 2 decades +*************************************************************** + +Now let's look at coupang + +Which beat Amazon in South Korea + +and then made the mistake of listing in the US stock market + +**************************************************************** + + +1) Coupang is the biggest online retailer of South Korea + +It is backed by SoftBank + +It crushed Amazon in South Korea + +Reference (CNBC): https://www.cnbc.com/2020/06/16/coupang-crushed-amazon-to-become-south-koreas-biggest-online-retailer.html + +********************************************************* + +2) Unfortunately, its stock price has taken a real beating + +Reference: https://finance.yahoo.com/news/coupang-lost-nearly-half-value-003446130.html + +*********************************************************************** + +3) You can read up about Coupang here -> https://en.wikipedia.org/wiki/Coupang + +What is interesting is that at the relatively same stage of growth (12 years in) Amazon was being valued MASSIVELY with the promise of 'It is a growth company' and 'it can become profitable any time it wants' + +********************************************************************* + +Why does Coupang not get the same treatment? + +In fact, why has its stock price been hit so hard? + +Please go here -> https://www.barchart.com/stocks/quotes/GME/interactive-chart + +And compare GME chart to Coupang Chart + +And you tell me there is nothing nefarious going on + +A) 6 Month Chart - charts matching after Dec 14th, 2022 -> + +https://imgur.com/a/Dtq7XDI + +B) 1 Year Chart - makes it even more obvious that Dec 14th onwards malarchy started -> + +https://imgur.com/a/IGle6H3 + +************************************************************************************************************************ + +At this point Stock Market has basically become a CANCER + +Instead of being a means for investors to invest in companies that they think are Deep @#$#$$ Value and then benefit when the company grows and thrives + +It has become a Mafia Style Entity where 'made men' companies like Amazon are pumped up, and all competitors of these 'chosen few' companies are illegally cellarboxed to Zombie Stock status (stock price below $1, company bankrupt or effectively bankrupt) +I have a friend who for various reasons I won’t go into doesn’t (and may never) have regular money coming in other than having the bare necessities covered - food, bills, phone, bus money etc. + +His father has generously offered to give him 300k cash to buy a house with, and he is looking for something in the south of England currently (a 2-3 bed house is achievable for this money here). + +The main reason for this is obviously that my friend would not qualify for a mortgage, but it would set him up with a permanent home and give him stability rather than him frittering it away on rent/whatever over the years. + +I personally (sticking my oar in) feel that 300k could be better utilised than a huge one-off purchase with no thought about ongoing expenses (furnishing, bills, upkeep), other than a plan to rent out one or two spare rooms for extra income (which I feel is a good move). + +My first thought would be to drop the budget to £200-250k (still doable for local 2/3 beds), and portion up the remaining amount into: + +Emergency/repairs fund + +Low risk investment (S and S ISA?) + +Higher risk investment (Moneybox?) + +Pension fund + +This is where I kind of run out of ideas. + +Does anyone have any thoughts or suggestions? What would you do with this kind of lump sum? Thanks so much in advance. + +Edit: I just want to add my friend has a strong support network, family, friends and occasional work down here, so as much as he’d get more for his money up north, he won’t be relocating. + +Edit 2: he is not in trouble, does not have complex needs or addiction. He is just unlikely to ever have a conventional career. +Two months ago I had worked at a small office as a graphic design intern for an ad hoc for a couple of weeks. + +The "company" seemed quite improper and dodgy to say the very least. The manager did not make me sign any contracts, despite the online job ad claiming to be a paid position. He also did not ask for my passport, national insurance number which left me quite skeptical. + +Anyway, for the first week I already got paid, however it had been over a month that I had not recieved the rest of the payments. I followed up the woman who deals with payments repeatedly and did not recieve any responses. I also followed up with the manager via whatsapp and the man quite rudely said [this to me](https://scontent-lhr3-1.xx.fbcdn.net/v/t1.15752-9/61477954_330824694271874_3230090671046000640_n.jpg?_nc_cat=102&_nc_ht=scontent-lhr3-1.xx&oh=2a83a74a90437224339ded374f32e7ad&oe=5D9EB4A6). + +(Bear in mind whatsapp is the main form of communicatiom between myself and him, and he always communicated me this way) coming across as highly unprofessional and mentally unstable. + + +I asked a friend for advice, and she told me to follow up with the manager next week and tell him that if i dont get paid within a specific date I will get in touch with the union. I was unaware of the workers union until now and personally do not know much about this. But would it be a good idea? What else can I do (legally) to ensure I get paid? + +Thanks +When I bought my new-build flat in February of 2019, I was told by the estate agent that I could expect a letter from the water and electricity companies shortly with details about setting up accounts. That never happened, and I put off doing anything about it. After about a year I got around to sorting out the electricity, but it was enough of a pain that I put off contacting the water company. + +I've still not had any communication from the local water company. There's a real temptation to just keep on ignoring it, but I'm also a little worried that I'm storing up problems for myself. On the other hand I seem to recall something about utilities not being able to bill you for more than a year if they've messed up? Would that apply here? + +I'd be very grateful for any advice! +About a year before covid hit I applied for EBT and got approved for $15 a month and when it came time to renew for the next year it went up to $19 a month. I've been buying more of the same that I usually get like whole chickens and bags of rice. Then a couple months after covid hit they maxed out and have been maxing out my EBT to $175 a month and more recently these past couple months it's $215. + +It's been a fucking godsend to eat actual food that isn't just chicken and rice but for some reason people have shamed me for buying NAMED BRAND JUICE. Apparently it really upsets people that I now have money to be able to buy actual food and drinks and I'm not using it to keep buying more ramen and cheap chicken and rice. + +How dare I buy orange juice that's not frozen concentrate or name brand cereal, the audacity to buy myself a steak! I almost forgot what steak tastes like or a good pot roast. Fresh fruits and vegetables instead of canned or frozen for once. + +Why is it so bad that I buy good food for myself rather than keep eating poor? +I feel when I read about FI, there is a huge amount of negativity about corporations, "the boss"/"the man", working hours, etc. I thought I'd offer a quick anecdote in the event people would find it interesting :) + +I'm "the boss" in this story. I usually manage managers, who manage managers, who manage teams of engineers. In the one specific case I'm talking about, I also had a team of engineers temporarily reporting to me (due to some reorgs I was doing). I got to know the team, and it was pleasant to be directly managing engineers again. It's very different working closely with engineers, as they usually have a very different viewpoint (and needs) than managers. + +Anyway, I had a very skilled engineer come to me, and explain that he was going to go to a small company for fun. I asked for details, and as usual for skilled talent, tried to convince him to stay. I looked into the finances, and started off by explaining how much more he would make at our company. He then went into the story about his investments, side business, real estate investments, etc. Essentially, making money wasn't critical anymore to his long term success. + +Of course, this type of information made my job more difficult. But being financially independent didn't change how valuable he was to the company. I switched my tactic from bribing him to stay using money, to bribing him by widely letting him do whatever the heck he wants at our company. I convinced him to stay by essentially letting him work on the one pet project he found interesting. + +Over the next couple years: + +1) He regularly skipped our morning meetings. He said he didn't feel like waking up early sometimes. His management (me, and eventually someone else) had nothing other than "please?" to demand things, because he had the power in this relationship. + +2) He delivered amazing work, as long as he was excited about it. At any moment, if he looked bored, I absolutely jumped to offer him other ideas of things to work on. Again, he had the power to leave at any moment, so it was my responsibility to keep him happy. + +3) We gave him very nice raises. Again, he was useful to the company, and we knew he had plenty of options in how he could spend his time. Rewarding him financially might not have been necessary, but it was a small lever we could use to try to keep him happy. + +4) We had a very different relationship than other engineers on the team. He had the skills, and we had a list of things we needed to get done. I would ask him essentially "favors", like "We have a big presentation coming up, and I'd really like this new system to have a working demo. Do you think it would be possible to get that done before Wednesday?". And he'd decide if he had the time, and felt like putting in the hours. In many ways, it was the best working relationship I had. We were collaborating together, it was a good partnership. + +Eventually a couple years later he had another opportunity in a geographically different place, and departed on great terms. + +So the keys I wanted to share with everyone are: + +1) In many places, F-You money should be "No thanks" money. You don't need the power to "stick it to the man". Just take away the power for anyone to ask things from you, when they have an ability to take away something. If you don't "need" money, you can finally say "no thanks". And that's all that is probably needed most places. + +2) His co-workers deeply respected him. They knew he was FI. They knew he had great skills. They fully understood he was working with us by choice, and so he had a special position. Rather than feel resentment, everything I saw was about his co-workers attempting to emulate him. Multiple people on the team asked about advice on their startups, real estate investments they were considering, and of course his coding ability. And I specifically had his co-workers say statements like "I fully understand why ##### works on whatever he wants... we certainly don't want him leaving!" + +3) Your bosses aren't always going to be jerks. There are plenty of us out here who are fully thrilled that you're FI, and are working on it themselves ;) +My father who is nearly 80 and slightly vulnerable went to a Car dealer and put £1k down on a VW used car from an approved vw dealer. He wasn’t told it was non refundable and on his receipt has a list as long as his arm of additions he didn’t ask for. Interior clean £250 being one, From an approved dealer! + +Anyway he changed his mind within a few hours and emailed them later that day to cancel. He then received a call from the salesman saying not to worry and they would sort it. 2 days later he gets an email from the boss stating he can transfer the amount to another car but no refund. + +My dad starts to worry and contacts them again to escalate. They say due to his escalation they have forwarded his request to their sales director called (example) John A but refuse to give any direct numbers/emails.... + +After no response again for several days I decide enough is enough and find John A on LinkedIn... I email him asking for help and confirmation its in hand. As it happens John A left the company a year ago and kindly provides me the name/email of the new Sales Director. + +I’ve emailed the initial salesman from my fathers email ignorantly pretending i believed everything and asked him to confirm we are still waiting for ‘John A’ to respond. I want this lie in writing!.... + +What should I do next. I know they will argue the fee is not refundable but my father wasn’t told this, plus mis sold, plus lying to an old man... I need some advice please! + +TLDR. Salesman lying about escalating to his boss. Using false names. No progress on refund. What next? +My father who is nearly 80 and slightly vulnerable went to a Car dealer and put £1k down on a VW used car from an approved vw dealer. He wasn’t told it was non refundable and on his receipt has a list as long as his arm of additions he didn’t ask for. Interior clean £250 being one, From an approved dealer! + +Anyway he changed his mind within a few hours and emailed them later that day to cancel. He then received a call from the salesman saying not to worry and they would sort it. 2 days later he gets an email from the boss stating he can transfer the amount to another car but no refund. + +My dad starts to worry and contacts them again to escalate. They say due to his escalation they have forwarded his request to their sales director called (example) John A but refuse to give any direct numbers/emails.... + +After no response again for several days I decide enough is enough and find John A on LinkedIn... I email him asking for help and confirmation its in hand. As it happens John A left the company a year ago and kindly provides me the name/email of the new Sales Director. + +I’ve emailed the initial salesman from my fathers email ignorantly pretending i believed everything and asked him to confirm we are still waiting for ‘John A’ to respond. I want this lie in writing!.... + +What should I do next. I know they will argue the fee is not refundable but my father wasn’t told this, plus mis sold, plus lying to an old man... I need some advice please! + +TLDR. Salesman lying about escalating to his boss. Using false names. No progress on refund. What next? +**Edit: Thanks for the questions everyone! We're going to conclude the Q&A! See you all again soon!** + +*Edit: We'll be hopping on to answer all your questions at 3pm ET, but in the meantime please upvote the thread and post your questions!* + +FinCEN, an arm of the US Treasury, has proposed a new rule allowing them to track your cryptocurrency transactions without the need for a warrant. They want to force all cryptocurrency exchanges to keep records on transactions to private wallets over $3k, and automatically report all transactions to private wallets over $10k directly to FinCEN. These reports will include things like your name, transaction amount, and even the public address you are sending the cryptocurrency too. With this information, FinCEN has the ability to not only surveil all your future transactions, but also view past transactions. No private or government entity has the right to access such sensitive information, and this move should be met with fierce resistance. + +Luckily, we have 1 more day to make our voices heard, as comments for this rule end on Jan 7th. If you oppose this move by FinCEN, head over to [StopFinancialSurveillance.org](https://www.StopFinancialSurveillance.org), and tell them to reverse course on this terrible new rule. + +We're here to answer your questions, so ask us anything! + +Participants: + +Joe Thornton, Fight for the Future - /u/fightforthefuture + +Peter Van Valkenburgh, CoinCenter - /u/Valkenburgh + +Kristin Smith, Blockchain Association - /u/KristinSmithBA + +Miller Whitehouse-Levine, Blockchain Association - /u/Millerwl + +Hayley Tsukayama, EFF - /u/EFFOrg + +Rainey Reitman, EFF - /u/EFFOrg + +Marta Belcher, EFF - /u/EFFOrg + +Danny O’Brien, EFF - /u/EFFOrg + +Jon Callas, EFF - /u/EFFOrg + +\--- + +If you want to support our work, we accept cryptocurrency donations here: [fightforthefuture.org/donate/cryptocurrency](https://fightforthefuture.org/donate/cryptocurrency) +0.5% APY is not high yield and banks should stop saying it is. It is a fucking embarrassment to call an interest rate of 0.5% "high yield" when the inflation rate is at 7%. What's worse is that even the most trash low-level garbage Cryptocurrency you can think of offers 10 times more than that without questions. + +And banks can fuck off telling people about the "risk" of saving money in Cryptocurrencies. At least there are stablecoins BACKED BY ACTUAL ASSETS and PUBLICLY traded exchanges [unlike banks who can literally give money out of thin air.](https://corporatefinanceinstitute.com/resources/knowledge/finance/fractional-banking/) + +Honestly, its tiring to see banks scamming people with "high yield" savings accounts. Remember, even with a "high yield" bank savings account with 0.5% APY, if you deposit $100k, you are getting $500 the first year, $502 the next and so on. It's an absolute scam when considering an inflation of even fucking 2%, you are losing a compounding $2000 from the first year alone. + + It's even more stupid when you realize the figures I gave you don't exist anymore. You need a time machine for 2% inflation and you're going to be lucky to find an interest rate of even 0.2% unless you are Jeff Bezos himself. + +TLDR: Even if you put a tenth of your savings staked in stablecoins, you'd still make more than if you put it in a bank. There's nothing special about banks that should give them the authority to give such embarrassing interest rates with inflation rates so high. +In light of the bushfires we're seeing across NSW/QLD now it's got me worried about losing everything if one came through where I live (near wombat state forest, VIC). + +A quick Google and it's easy to find stories of insurers that try to get out of paying up [https://www.smh.com.au/business/consumer-affairs/insurance-hell-aami-refusing-to-pay-out-wye-river-bushfire-victims-20160412-go4cje.html](https://www.smh.com.au/business/consumer-affairs/insurance-hell-aami-refusing-to-pay-out-wye-river-bushfire-victims-20160412-go4cje.html) + +&#x200B; + +For context, I have a custom steel framed/brick home (shaped like a boomerang lol), a large elevated verandah that overlooks the bush, good solar/battery setup (not the cheap shitty ones on you see advertised on TV), spray foam insulation throughout. What I am trying to say is that it's not one of the cookie cutter cheap houses you often see thrown up on new housing estates. + +I have building insurance with AAMI for $700k, but the wording in the PDS has been changed over the past few years to read this: + +>...covers insured damage or loss to your home building for the total amount it would cost to us repair or rebuild it... +> +>We will not pay more than it costs us to rebuild, repair or replace the building. + +Does that mean they could use their own builders to put in the cheapest quality home possible for $150k as long as it meets the 4bed 2 bath thats on the policy? + +Are there any insurers that would actually rebuild and give you back exactly what you insured for? Or do they all cheap out like this. +I'm loosely working from home, that's super fortunate, and I know I wouldn't be stuck at home in retirement, but not having structure for the first time since my Sophmore summer break is extremely jarring. + +FI train all the way, even more so now, but... RE looks a lot less like "45 let's go" and more "eh... part time or something" +[https://blog.google/products/android/introducing-privacy-sandbox-android/](https://blog.google/products/android/introducing-privacy-sandbox-android/) + +Summary: + +* It's a response to Apple's IDFA change that screwed FB +* Google had to do something because it doesn't want to look bad and Apple has been touting its change as a user privacy benefit +* Google's change is less drastic than Apple's, which was announced without giving any developers notice, and without any options +* Google will focus on limiting the granularity of the user's data available to ads and aggregate more data instead of showing user level data +* Advertisers will still have data, just less of it, and in more aggregated form instead of individual +* For example, Google itself will now scan the user's app usage patterns and create an interests profile of the user. An interest could be stocks or pizza. Then Google will share these interests with advertisers. This means Google now controls that data, instead of a company like Facebook that collected this data themselves. This gives a ton of power to Google. +* Google's change will roll out in 2 years +* It's more advertiser-friendly than what Apple did +* But it's still a net negative to ad companies like FB, Snap, etc over what is there today + +One very important thing to note is that Google learned from Apple's change that without cross-platform tracking, advertisers bought more search ads instead because the user's intent was more direct. This led to more business for Google. I [highlighted it here](https://www.reddit.com/r/stocks/comments/sjkieh/why_fb_is_investing_so_heavily_into_vr_if_it_isnt/) why Google was salivating at the thought of doing this on Android too, in order to drive more ad business to its search and weaken Facebook. + +Facebook has been renting the penthouse in the Apple Condo building and the Google Condo building. It was a good life. But now the owners of the buildings, Apple and Google, want to take the penthouses back. + +**Quick overview of how Apple and Google screwed FB:** + +Each user has a unique ID on iOS and one on Android. For example, mine might be 696969. + +Many apps use Facebook's ad services. In order to use FB's service, they have to add some Facebook code to their app to track conversions. For example, if I saw an ad for Robinhood on Instagram, I go download the app, I open the app, the little Facebook code on Robinhood will send a message to Zuckerberg HQ that user 696969 has downloaded the app. This allowed advertisers to know how effective each Facebook ad was. Now advertisers have no clue. + +It just so happens that this tiny piece of Facebook code will also know that user 696969 opened this app at 7:02 am. And a finance app at 9:00am. A game at 10am. And so on. Facebook stores this data and starts building a profile of me, even outside of FB, Instagram, and Whatsapp. + +Besides ads on IG, FB, and Whatsapp, Facebook also had the Audience Network. If I made a free app, I could show ads from Facebook and split the revenue with Facebook. Previously, Facebook knew exactly who you were even on 3rd party apps because my ID 696969 was still visible. This allowed Facebook to continue to show relevant ads to users. Not anymore. + +On iOS, FB has no real way of knowing who is who anymore because it doesn't see 696969 anymore. FB is left on its own. Well played, Apple. + +On Android, FB won't see who 696969 is anymore, but FB can request a profile, such as interests, of this anonymous user. But it's now Google that is the one creating a profile of me, and then sharing it anonymously with Facebook. It's a power move by Google. Google is saying to FB, "you eat what I give you son". Well played, Google. + +&#x200B; +I want to start this off by saying I dont give a fuck about kenny and his rich friends *at the moment*. There will be **plenty** of time for them to be prosecuted when this is all over. There is literally only one thing that apes have actual control over in this battle and that is where our shares are held. First it was buy and hold, but the past year has shown us that hedgies can kick the can forever. + +We've established that registering the entire float gives control of the stock back to retail. Real shares cant be used to create synthetics if they are all locked up with gamestops official transfer agent. Retail is finally taking power out of the hands of citadel and now people are spamming screenshot after screenshot after screenshot of #kengriffinlied. + +Like that's not bad enough, they are bashing DRS calling it sus and a forum slide. Do you actually think that crying about ken lying is going to accomplish anything? They seriously want us to stop the DRS hype just to circle jerk about kennys crimes, like getting it trending on twatter is somehow going to force the complicit govt. officials to take action. + +All the CS screenshots are driving the momentum forward and making actual progress, but noooo lets focus on mayo boy. Forum sliding on a massive scale when we reached the endgame was literally predicted months ago. Lo and behold we finally figure out the launch code for MOASS, and within 2 weeks the sub starts getting clogged with dipshits spamming "ken lied" and whistleblower hotline posts. + +u/Doom_Douche u/ButtFarm69 u/Bye_Triangle u/jsmar18 u/sharkbaitlol + +Wtf guys +For ex - I invested in stocks of ABC, I got 100 stocks for 10k, now even if the price start falling, my stocks are supposed to be worth something. lets say the price went down and now 100 stocks are worth 9k, if I pulled out then I will only loose 1k. + +Why use the term, "you can loose it all in minutes"? I know this loss can be more if the initial amount invested was 100k, but still. +Any opinions on this company. They are mostly into textile chemicals. Decent balance sheet, no debt. They claim to have applied for a patent on a non toxic, eco friendly, mosquito repellent product called "aquastrike vcf". +So for starters im a beginner, but how hard would it be to build an alert bot that would alert me if any stock comes close to meeting criterea like close to daily highest. High volume and some other basic things +Where to start? Should one first have a successful strategy that he tried before automating it? or should one directly try to develop a successful automate strategy? any help appreciated, thanks for reading. + + +edit: I guess I should start by reading the resources that are on the sidebar... +First, I understand that this is anecdotal. But… this thing has got to be massive. I mean, I believe it is, and I know if you’re reading (big assumption of literacy, I know) this subreddit you either do too or are one of Melvin’s interns. +I was at a wedding over the weekend, and I caught up with a lot of people from various backgrounds. Age range of mid-twenties to mid-forties, white collar, blue collar, whatever. Dozens of people, and somehow GameStop was brought up in I’d say about three or four out of five interactions. Here’s just it, though, I generally don’t broadcast my holdings or start talking about markets or anything out of the blue. I did not bring up GME first once, but it kept surfacing. +Some of the time it was from people talking about the <musk coin> and gravitated to include GME. Some of the time people would ask how I’m doing and I’d bring up that I’ve been more actively investing (but not GME in particular) and it would invariably be brought up anyways. I was pretty amazed that a solid chunk of a generally pretty random group of ~20 or 30 people were A.) aware of it or B.) shareholders (I never asked after anyone’s position explicitly). +I know that this is all anecdotal and, statistically speaking, not really a large or random enough sample that could be extrapolated too far, but it still makes me think that GME holders (and at least awareness) are *everywhere*. +If you're buying a leasehold property then this will affect you. As you may or may not know you'll pay a service charge to a management company who will look after the building and grounds. Make sure that you find out who that company is before you buy. + +If it is Residential Management Group (RMG) then walk away. Seriously. + +For two years I've been fighting against these con artists. Our service charge was £85pm when they took over, this year they tried to raise it to £200. They have their own subsidiary companies they employ for works to charge what they want. They over-charge for most of the services they offer, get kick backs from other companies, hide costs and u-turn on agreements. + +If you do buy you will struggle to then sell in the future due to the service charge being so high. + +If you want a fun read just look at all their [Google Reviews](https://www.google.com/search?gs_ssp=eJzj4tFP1zfMSDaxyDAuTDFgtFI2qDCxMDczMki0TLM0TbYwSEyxMqiwTE5KNTdPMTMxM0m1NPeSKUotzkxJzSvJTMxRyE3MS0xPzQXyFNKL8ksLALaiGWc&q=residential+management+group&oq=residen&aqs=chrome.1.69i59j46j69i57j69i59j35i39j69i61l3.1786j0j7&sourceid=chrome&ie=UTF-8) + +One example is they use a company called Osterna for Health & Safety compliance. [That company is owned by RMG](https://www.bafe.org.uk/registered-companies/profile/0012A00002FYlkyQAD/) so they just charge what they want. +You understand that the Clearing Firm is authorized, in its sole discretion, should the Clearing Firm for any reason deem it +necessary for its protection, without notice to you, to cancel any outstanding order, to liquidate your positions, to close out +your Account, in whole or in part, or to close out any commitment made on behalf of you. + + +12. Extraordinary +You acknowledge that tastyworks is not responsible and you agree to not hold tastyworks liable for the losses caused, directly +or indirectly, by conditions beyond the Firm’s control, including, but not limited to, government restrictions, amendments to +exchange or market rules, interruptions of communications or data processing services, market volatility, unusual activity, +trading halts, trading restrictions or disruptions in orderly trading on any exchange or market. + +21. Termination +Your tastyworks Account may be terminated and closed by you, tastyworks, or by the Clearing Firm at any time with or +without cause or reason. You acknowledge that you must and you agree to provide written notice in the event that you so +wish to terminate your Account. You are aware and agree that such closure or termination will not affect any rights or +obligations that either you or tastyworks incurred prior to such closure or termination, including any transactions arising +before or after termination of the Agreement. + +23. Indemnification +You hereby, in both personal and representative capacities, agree to hold harmless, defend, and indemnify tastyworks and its +officers, directors, employees, agents, affiliates, and Third-Party Providers and their respective officers, directors, employees, +agents, and representatives from any and all liabilities, losses, costs, judgments, penalties, claims, actions, damages, +expenses, and attorney’s fees and disbursements (collectively, “Losses”) resulting or arising directly or indirectly from your +use of your Account and services provided by tastyworks and/or the Clearing Firm, including, but not limitedto: +(a) as a result of your acts oromissions; +(b) as a result of any of the other Account Owners’ acts or omissions; +(c) as a result of any losses or damages you may suffer with respect to your Account; +(d) as a result of any breach by you of any of the Agreement’s covenants, obligations, representations, +(e) acknowledgments or warranties; +(f) as a result of the provision of any services provided to you; or +(g) as a result of any actions taken by tastyworks as allowed by this Agreement and all binding agreements that you +have entered into, including future agreements you may enter into, with respect to your Account(s) ownership, +except for losses resulting from our gross negligence or willful misconduct + + +30. Arbitration +This Agreement contains a predispute arbitration clause. You acknowledge that by executing this Agreement you +agree to the following with respect to arbitration: +(i) All parties to this Agreement are giving up the right to sue each other in court, including the right to a trial +by jury, except as provided by the rules of the arbitration forum in which a claim is filed. +(ii) (ii) Arbitration awards are generally final and binding; a party’s ability to have a court reverse or modify an +arbitration award is very limited. +(iii) The ability of the parties to obtain documents, witness statements and other discovery is generally more +limited in arbitration than in court proceedings. +(iv) The arbitrators do not have to explain the reason(s) for their award unless, in an eligible case, a joint request +for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first +scheduled hearing date. +(v) The panel of arbitrators may include a minority of arbitrators who were or are affiliated with the securities +industry. +(vi) The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some +cases, a claim that is ineligible for arbitration may be brought in court. +(vii) The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be +incorporated into this Agreement. +(viii) No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute +arbitration agreement against any person who has initiated in court a putative class action; or who is a +member of a putative class who has not opted out of the class with respect to any claims encompassed by +the putative class action until: (a) the class certification is denied; or (b) the class is decertified; or (c) the +customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate +shall not constitute a waiver of any rights under this Agreement except to the extent stated herein. +Any controversy, claim (statutory or otherwise), cause of action or other dispute among the parties, whether or not +arising out of or relating to this Agreement, or the breach, termination, enforcement, interpretation or validity +thereof, shall be resolved by binding arbitration before a sole, neutral arbitrator (for claims of $100,000 or less) or a +panel of three (3) neutral arbitrators (for claims in excess of $100,000). The arbitration shall be administered by FINRA +pursuant to FINRA’s Customer Code of Arbitration Procedure. The arbitration shall exclusively be governed by the +Federal Arbitration Act, 9 USC § 1-16, and judgment upon the award rendered by the arbitrator(s) may be entered by +any court having jurisdiction thereof. This clause shall not preclude the parties from seeking provisional remedies +in aid of arbitration from a court of appropriate jurisdiction or from seeking remedies in small claims court for +disputes or claims within the scope of its jurisdiction. The parties shall make reasonable efforts prior to submitting +any claim or dispute to arbitration to resolve the matters through mediation. Arbitration proceedings held pursuant +to this Agreement shall be conducted at a location determined by the Director of the Office of Dispute Resolution at +FINRA. The arbitration panel will determine what amount and portion of the hearing session fees shall be paid by each +of the parties. +The BBC has compiled a list of companies looking to hire temporary workers which is worth a read, includes links to each company's recruitment page and looks like it will be updated with further opportunities if more companies contact them: [https://www.bbc.co.uk/news/business-52040539](https://www.bbc.co.uk/news/business-52040539) + +**Tesco** \- [apply here](https://www.tesco-careers.com/search-and-apply/) + +**Asda** \- [apply here](https://www.asda.jobs/) + +**Aldi** \- [apply here](https://www.aldirecruitment.co.uk/) + +**Morrisons** \- [apply here](https://morrisons.jobs/) + +**Lidl** \- [apply here](https://careers.lidl.co.uk/) + +**Cera** (carers) - [apply here](https://ceracare.co.uk/) + +**Lloyds Pharmacy** \- [apply here](https://www.mckessonjobs.uk/) + +**Virgin Media** \- [apply here](https://careers.virginmedia.com/) + +**Farmdrop** \- [apply here](https://apply.workable.com/farmdrop/j/5407BC5D2B/) + +**Co-Op** \- per [Bqueasy](https://www.reddit.com/user/Bqueasy/)'s comment: " I also heard Co-op are hiring without application. Just walk in ask for manager and they will set up an interview with the aim of starting you asap." + +**Moy Park** (poultry processing) - [apply here](https://www.moypark.com/en/careers) + +Hopefully this helps someone to find some work in these challenging circumstances. +Many tech stocks continue their upward march, defying all critics. In fact, while the broad market, as defined by the S&P 500 index, has barely moved anywhere since the beginning of this year, many stocks related to the video game industry scored impressive gains: + +[https://en.ostrog.com/red-dead-redemption-2-22687/](https://en.ostrog.com/red-dead-redemption-2-22687/) +I must have dropped my debit card in my neighborhood while out on a walk, because someone found it and immediately used it at 3 different grocery stores in my area, spending over $300. I only had $300 in my checking account and had automatic payments set for the first of the month, so by the time I was home and noticed my card was gone my account had -$200 and I was charged $60 in overdraft protection fees. + +I immediately froze my card and disputed the multiple fraud charges with my bank, a credit union. I gave them permission to contact the police, but I did not call the police or press charges because my understanding is that I likely dropped the card so I carry some fault. I also transferred enough funds from my savings account into my checking so that I no longer carried a negative balance. + +My bank has 90 days to investigate the dispute before they determine if I should get the money back, during which they will provisionally refund my account within the next 10 days. I keep a tight budget but I still live paycheck to paycheck and having $300 less means that I have to temporarily rely on savings or my credit card for expenses. + +Are there any other actions I should be taking to resolve this issue? Am I at risk of any further fraud from the person who has my debit card, even though it’s been frozen and I’m getting sent a new one? And is it really going to take 90 days to get my money back (non-provisionally)? +Think about it: + +* Endless institutions on the sidelines waiting to pour in money. +* Crash happens. +* More people hear about it in the news. +* Bitcoin loses over half of it's value and continues to function as if nothing happened. Upgrades continue to be worked on (Taproot). +* Analysts see that more people are buying the dip and HODLing than ever before. +* Now buyers are able to get in at an even better price. +* US banks will start offering Bitcoin products this Summer. +* Banks in Germany are legally allowed to start on July 1. + +It's unstoppable +Hello, so I’m new to the whole realm of home buying so I wanted to ask about pmi.... I currently live in an area where the average rent is 2000-2500/month... so roughly 30k a year... which is very annoying to know that I am just handing my money over and not going toward anything that is actually mine... the average home costs roughly 400k... I would likely get cleared for a 500k mortgage considering my income, credit, and no debt.... I would like the get a home but saving the 70-100k would take probably anywhere from 2-3 years which means I would have payed 90k in rent..... my question is basically would it be worth it to get a mortgage with little down and just pay the 4-5k/year pmi? Rather than losing out on 90k over 3 years which I could use to pay the mortgage and pmi. If I had that 90k to put at the mortgage over three years I would likely be at the 20% and would only have been paying the pmi for a few years???? What do you think would that be worth it?? +First off let's premise this with I know almost nothing about finances and go from there lol. + +So the past year now I have been able to start saving more and more and have accrued 10k in savings. It's not doing anything for me. I have some other money in stocks, some in coins, etc. But besides that I know nothing. + +My wife and I were planning on moving soon but got bad news on a home loan because I am a gig worker and it doesn't look good on paper so it will be about another year or 2 before I can do that. + +So since that money is no longer going towards a down payment, the question is what semi short plans can I make to do with this money? Ideally I would like to have the money not be tied down if possible so I could move it by to my brokerage account once the market looks stable again. +I have about $170k in savings. My salary is about $50k annually. I live in Chicago, and pay $730 for a 1 bedroom apt in a great area that I’ve had for a long time. Is it wise to invest in a condo at this point in the current market? It’s hard to be motivated to shop since I have such a good deal where I am now. +Edit 5: They just called me and I explained the whole thing and now they’re looking into it again. + +Edit 4: Here is proof of me texting my friend who actually is an engineer who worked on the YouInvest app, right after I saw the Review message. I believe around that time the prices were still consistent https://imgur.com/gallery/jsUt8ws + +EDIT: Thanks for being so helpful, wsb community. I'm hoping this will grab Chase's attention. +EDIT 2: Filed a FINRA compaint like a lot of you suggested +EDIT 3: open to lawyer connections here. I have a full time job at a small startup so am exhausted to even do all this legal research. I’d offer 10% of what I’m owed. + +I got into options because of the volatile market, did my due diligence. I signed up with Chase JPM as my brokerage: big mistake. + +Long story short, I bought some SNAP calls and NOK Puts during late March. Later, both options shot straight up in value, SNAP call at \~5000%, and the NOK put at \~$8000 %, totaling in around $25,000 in profits. Price per contract when I bought: SNAP 0.16 NOK 0.06. Day contract price shooting up was March 18th. + +Picture Evidence: [Imgur Snapshot of My Youinvest](https://imgur.com/gallery/YztbkaK) + +Picture of purchase receipt: https://imgur.com/gallery/lrNh9Hy + +I tried to submit the order to Close, but Chase YouInvest gives me a message saying + +"Due to the Large Amount Orders Rule, your order will be reviewed." + +Guess what? They kept it under review status all day long, and eventually the contracts expired worthless. + +So I called customer support to ask them about this review process, and they said"Any Options orders that total in $5000 in transactions must be reviewed by our team". + +They refused to lift the review policy from my account, and 2 weeks since the incident still have not heard back about the $25000 loss. + +Do not use YouInvest. I’m relatively new to stocks and options but this seems pretty close to fraud to me. + My wife and I just found out a close family member passed away. We want to travel to be back with our family. One of us is high-risk for COVID, so we don't want to travel commercial. Luckily we are well-off financially and save for emergencies, so we are looking into chartering a private plane to minimize risk with COVID, hassle from driving (we are not looking to drive 26 hours in our current state), and ease of bringing our dog (as we may stay there a while). However, we've never chartered a plane before; we realize the cost will probably be \~$30k, which is okay. For those who are familiar, do you have any recommendations for services/websites and/or any tips/things to be aware of? +Long time lurker of this subreddit and I've always wondered what careers most people in this sub have and what salary range they take home. Did you fall into this trade on purpose? By accident? Could (or should) someone who doesn't make a lot go back to college for one of your careers to make more and become FI one day? +This is something that a lot of people have already discussed, but I feel like it has not yet been phrased the way I want people to understand it. + +Dr. Trimbath was first mentioned following atobitt's House of Cards post which highlighted issues that come with the way DTCC runs the securities business- naked short selling and failures to deliver. And those are the 3 main subject around which you should ask the questions: DTCC, naked shorting, FTDs. I don't think GME should be the subject at all.Don't ask her if Citadel is naked shorting GME. Aske her how naked shorting works, how you can detect them or measure their scope.Don't ask her if hedgies are hiding FTDs in dark pools. Aske her how FTDs can be manipulated.Don't ask her if estimated numbers posted here are remotely accurate. Ask her if DTCC themselves even know what the hell is actually going on or if they even have the ability to ever figure out what has been going on. + +And then, after we grow some wrinkes on our brains, we might be able to apply it to GME. + +&#x200B; + +As a side not, I'm also kinda sceptical about AMAs and how they go against out confirmation bias, but I hate people sayong that "it's just an opinion of one person and they haven't read the god-like DD we have read". Yeah, those people are not invested into GME specificaly as we are and it's not like an opinion of some people can defy how really damn suspicious (too suspicious to be a coincidence) GME is, but it still makes you sound like a cultist. +I am a large target stock holder and overall brand enthusiast. I like the stores and see a lot of promise in the space. But hot damn were earnings terrible for a second quarter in a row with a promise of more disappointment next quarter. I think the schism between Walmart and target earnings does show the impact of inflation on discretionary spending, but I frankly expected better still. It seems target overbought inventory they are moving at a loss and pushed to hard into the growth they saw the last couple years. 2022 was a huge setback and it seems the pain might not stop until inflation truly eases and perhaps a new corporate strategy is implemented + +https://www.reuters.com/business/retail-consumer/target-warns-dour-holiday-sales-launches-3-bln-cost-cut-plan-2022-11-16/ +The Federal government is paying an additional $600 per week in unemployment benefits. Because of this many are making more on employment than they do on their job. These are set to expire on July 31, 2020 although it is possible new legislation may extend this. + +There is risk of staying on unemployment. Many employers are going to be operating with less employees, so many jobs people thought they could go back to are not going to be there. When these benifits expire there is going to be a huge increase in people looking for work. If you wait till the extra benifits expire to look for work, you may find it more difficult to find a job. + +Keep this in mind when deciding what you should do employment wise. +There are some new technologies which I feel are going to grow very rapidly over the next 10 years. Unfortunately it seems all the companies currently involved are smaller startups which are private and I'm very far from being something like an accredited investor. Most of these companies have gotten their funding from VC firms which are also private so I can't invest in those either. + +Is there anything I can do or is this just not something a small-time investor should even be thinking about? +Pro-tip from an old fart who's seen a lot of threads on here where one family member is finally making a good salary -- and wants to help -- but others don't understand what's prudent: + +Go see a pro. Even if it's just once, even if it's a mall kiosk or online YouTube video series. Tell everyone you're doing it, that you're getting professional advice on *how to make a long-range plan that will help the most over time*. + +Then when someone you love wants you to buy them a $$$ flat screen and you *know* that money is better off in the RothIRA, don't tell them *you* know it -- tell them + +"The financial advisor said I need to be putting X plan into place if we all want to be secure in the long run, and this doesn't fit the plan". + +or even -- "Gee, I've got everything set up on autopay so I can't possibly mess it up, and there just isn't enough in that account." + +In cultures that value age/experience, where you've got older people pressuring (you) the younger ones, passing the buck to an outside authority figure -- or settled *plan* -- can sometimes cut through a lot of stressful family dynamics. +I grew up in a poor household and instinctively think that any spending is bad if it can be avoided. Even after reaching fatFIRE, it is hard to let go of those old habits. + +There is a side of me that always wants to plan for an upcoming disaster.How do people value themselves after reaching their goals? There is a difference between taking care of yourself and being irresponsible. Where do you draw the line? + +\- Do you use a monthly budget? + +\- Have a dollar value threshold below which you won't think too much about spending? + +More context: I am unhappy with the air quality in my home. It's something that seems to bother only me and the professionals I called don't fully understand. I am planning to "splurge" on replacing all the insulation and HVAC system in my home (North of $20K). I won't even notice the difference of $20k in my net worth. But the critic inside me makes me doubt if I am taking a stupid/rash decision. + +Self doubt is a great quality to have. It pushes you to reach higher. But how does one value themselves and their opinions after reaching their financial goals? Any advice from people who went through this? +I grew up in a poor household and instinctively think that any spending is bad if it can be avoided. Even after reaching fatFIRE, it is hard to let go of those old habits. + +There is a side of me that always wants to plan for an upcoming disaster.How do people value themselves after reaching their goals? There is a difference between taking care of yourself and being irresponsible. Where do you draw the line? + +\- Do you use a monthly budget? + +\- Have a dollar value threshold below which you won't think too much about spending? + +More context: I am unhappy with the air quality in my home. It's something that seems to bother only me and the professionals I called don't fully understand. I am planning to "splurge" on replacing all the insulation and HVAC system in my home (North of $20K). I won't even notice the difference of $20k in my net worth. But the critic inside me makes me doubt if I am taking a stupid/rash decision. + +Self doubt is a great quality to have. It pushes you to reach higher. But how does one value themselves and their opinions after reaching their financial goals? Any advice from people who went through this? +I find Carvana and Wayfair to be the poster children of crappy companies with high prices, bad customer service, bad quality products, and yet they have $30-$40B valuations because your average person does not care to do an iota of research and values the convenience of buying things on a slick app over anything else. + +Specially, I’ve found Carvana to almost always have high prices that are consistently a few thousand more than the market value for the used cars they sell. Yelp reviews for every location I have found have been very low, with most complaining either about mechanical issues or issues with transferring the title post close. + +Wayfair is basically a gigantic Chinese dropshipping operation and whenever I reverse image search products I almost always find the exact same product on Amazon or Walmart or Home Depot or direct for much less even though it appears like it’s on sale on Wayfair. More so the quantity of complaints on Twitter are extremely high, with a lot of people with issues on long delivery timelines or broken/cracked furniture with little help from the company. + +And yet despite both companies having what seems like shady business practices of both overcharging for products and having bad customer service people still buy from them. It’s like the antithesis of the Zappos mantra but they get business due to a combination of relentless ad buys, unsuspecting new customers, lazy people who don’t care, and people who otherwise don’t realize they are being ripped off. + +I honestly can’t tell if we’re in a new era where your average person has become too trusting of online companies, and mostly don’t realize how easily they are being tricked via dark patterns and nice looking websites or just don’t care because they value the convenience of shopping online over a dealership or going to a store. +I am a banker in the Nashville, TN area. So far, I've had multiple customers come in where Comcast check payments have double posted due to their processing errors. It seems to me that their processing centers have switched to a new system that is causing them to run the check electronically, and then also sending it down. The item is posting as an electronic payment as well as a check. This makes it pretty difficult (in my opinion) to file a claim against the transaction and the process isn't quick or easy. I would suggest finding an alternative payment method. Or sending the check in (if they run it differently on a mailed-in check). + +Cross post to wherever this is beneficial. I hope I save you some heartache. +Wall Street Journal article mentioned in title: [https://www.wsj.com/articles/paying-400-000-for-an-executive-assistant-do-it-all-aides-are-pricier-than-ever-11659553138](https://www.wsj.com/articles/paying-400-000-for-an-executive-assistant-do-it-all-aides-are-pricier-than-ever-11659553138) + +I'm an EA myself and have been aggressively headhunted for high-profile executives recently. I'm on my own journey to FIRE and am evaluating the significant jumps in compensation/benefits. While I don't doubt I will be able to perform, I'd like to know what truly sets apart EAs earnings \~$200k vs $400k+. + +For those of you with reliable and valuable EAs, what kind of comp packages do you offer and how do you show appreciation beyond comp? What makes them so important to you personally? +Source: http://www.economist.com/news/business/21709061-entrepreneurs-finances-are-jaw-dropping-inventive-and-combustible-his-space + +The above article has a good charts showing the financials of Tesla, SpaceX, SolarCity and Elon Musk himself. Tesla is the largest with a market cap of almost $30 billion. + +One particularly interesting part: + +> Mr Musk’s own finances look stretched. He has spent most of the $180m in cash from selling his stake in PayPal to eBay in 2002. He has personally borrowed $490m, secured against his Tesla shares, and most of that comes from Morgan Stanley, a Tesla underwriter. The car firm’s shares would have to fall by more than half before the loans went underwater. + +Basically Elon Musk himself has near zero cash, and is half a billion in debt. +And the thought of selling hasn't crossed my mind once. In fact, I'm gonna DRS one hundred shares just for shits and giggles. + +This is a perfect reminder of why I hold. In today's economy we are disposable, and even doing the work of 2-3 workers myself (I kept the receipts) wasn't enough for this company. I'm tired of it. But I'm not tired of HODLing. I'll never be tired of that. + +Kenny, you and your kind can burn this economy to the ground and we'll still be here planting seeds in the ashes. We're not going anywhere. + +Edit: To clarify, I'm an early January Ape with xxx shares. Voted for the board in the summer, and am in the process of DRSing now. Can't stop won't stop. Phone numbers per share or gtfo. + +Edit 2: Thank you everyone for the support, upvotes, and awards. This is the best community on Reddit. +Hi all! + +I’m from Denmark and I have S&P500 bought on xetra (in €). + +My idea is to keep placing part of my savings in the S&P500 core ETF from iShares and in a selected government Bond until it’s time for retirement. + +The % split of Bond / ETF will be progressing shifting towards Bond as I age (now I’m 31 so 31% is Bond and 69% is S&P 500). + +Any comments on the strategy? +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +Hey folks, wanted to talk about strategy in investing with leverage. Currently my portfolio is only invested in two ETFs (SPY and QQQ) because simply put I like having some diversification while at the same time not having to read companies spreadsheets, business models, bottom lines, etc. I understand a lot of the companies are duplicated in both, I understand that I'm only invested in large cap companies in the US and I understand that this may not be diverse enough, but I'm fine with that at my age (20-30 years old). + +---------- + +***Discussion with leverage in 3 phases:*** + +**Phase 1 - Bull market:** + +I have been interested in investing a portion of my portfolio in SPXL or TQQQ for the short term (1 day to 30 days). While SPY and QQQ were at an all time high for most of 2018 and 2019, there was always a fear in buying 3x leveraged etf because buying at an all time high has risk of an inevitable market crash. So investing with leverage was considered a no-no. + +**Phase 2 - Bear market:** + +Now we are at a point where we are no longer at an all time high, we can buy SPY and QQQ at a great discount, which I am doing currently everyday investing in a share per day. I still want to invest with leverage but there is risk that because of COVID-19 "things will get worse before they get better". So investing with leverage is still considered a no-no. + +**Phase 3 - Market picking back up:** + +Eventually market will start picking up again, could be next week, could he next year, could be 5 years from now, who knows. At that point that is ideally the time to confidently invest with leverage, but when do we know that the market is picking back up? When can we invest with leverage while assuring us that we are least at risk? Tracking 50 day moving average? Looking historically how and when markets recovered? + +---------- + + +Sorry if this post is not much help, but I am looking for some advice from other people who invest with leverage. +Currently my portfolio consists of an ETF tracking the NASDAQ-100 (~90%). My thought currently is to invest in emerging markets, such as VXUS tracks, however I live in Europe and I need a European equivalent or other options that help balance and diversify my portfolio. + +I'm aiming for 75% in the NASDAQ-100 and the rest in a well diversified ETF. Any recommendations? +25 year old with a decent bit of disposable income. Plan to hold for 30+ years. I transferred 6k into my Roth ready to invest for 2021. I typically just invest in ETF’s and I currently just hold VTI and VUG in there at the moment. Was planning to add some international exposure, clean energy and ARK funds in there, possibly some real estate. I do anticipate a market correction at some point this year, I’m wondering if it makes sense to try and wait it out or just go in even though I know prices are a bit high. I’ve always heard time in the market is better than timing the market, but we live in very unique times +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +I have a nice sum of money (for me) as cash right now that I plan on buying more VEQT with, about 60k. I know time in usually beats timing, but what about specifically in the month of September? Are there any studies or stats that touch on this? + +All in? X% now and the rest later? DCA? +It’s commando economy 1940’s style: + +1. Market may close +2. Countries impose controls on capital + +What happens to your ETF? + +Do they still payout dividends? I would think so, even if market closes, that doesn’t mean the companies the etf is invested in didn’t continue to pay out. They still are making money. + +But what if you own shares from a company outside yours, how will capital controls affect that etf that owns those companies? + +Anybody have any historical references? +I’ve held the stock for 5 months now and it basically has gone nowhere. Right now I’m up $32 on total return; it just goes up and down constantly floating around my avg cost price. I know AMZN should be a buy and hold for the long term but I’ve been thinking of breaking up that position into a few other investments. I would put $450 into SCHG (Schwab US Large-Cap Growth ETF), $350 into SCHD (Schwab US Dividend Equity ETF), and using the last $200 to boost my position in AAPL (Apple). Does this sound like a good plan for long term buy and hold? +Hi AF, posting here for some advice on what to do in my situation. + +I'm 23m, currently living at home with my parents and we get along pretty well however I started a new job earning about 80K pa that's pretty far away from me, about a 3 hour commute daily round trip. + +I'm thinking of living closer to work, the 3bd townhouse I'm looking at I would be sharing with 2 others for $200/wk bills including bills and would be a 15 minute walk from work so I'd save about 2.5 hours a day. + +Do you think I should move out or just deal with the 3 hour commute? I should add that I'm a contractor so the contract would only be for 6 months, I could probably extend it but I will most likely look for a different contract after. + +What would you do in my situation? Cheers. +I see tons of posts saying, oil has gone down hard, or cruise companies and airline companies have gone down, there will be a bounce back. + +They don't always come back, especially if there is absolutely no reason for them to. A lot of these players may go to zero. You may think, well, there still needs to be airlines and oil companies, etc. so they'll still be around. And these companies will likely continue. But the company may default on their debt and the debt holders will now own the company and the shareholders will be wiped out. You could make a decent analysis by looking at their debt, revenue and make a reasonable guess of revenue hit from COVID19, but posters here seem to not bother with this, it is a "what goes down must come up" mentality. + +This statement doesn't apply to broad index funds. They do eventually come back, but nobody knows when. You can do your own research on how long it takes for stocks to go back to their highs. It can take years or decades for big drops. If you are 20 years old, no big deal. If you are 60, you really shouldn't be in 100% stocks. +I need to understand now. I watched it rise from \~#30 to now knocking a personal favorite project of mine (LINK) out of top ten. So I decide, let me head over to theta.tv see what this hypes about, I'm a big time twitch user ex-streamer let me see what's going on. Upon entering it's apparent there are almost NO users. From what I can see, it's hard to count higher then maybe 1-2k viewers on the ENTIRE SITE, and how many of those are just farming whatever currency is generated by watching? + +So I'm like, well there's not a lot of users, what do they have for content creators? Well, I can't seem to count much higher then 100 from what I can see through the site (since honestly the layout and design is so bad). With the most watched live creator having a few hundred viewers with a steep drop off to sub 100. + +So, project shills, or just anybody with knowledge of this project, explain to me what is going on? Do people really think this crypto streaming platform is going to legitimately take on Twitch and their viewership? How is this a top 10 crypto project? It pretty much has no users/creators and in general strikes me as some type of vaporware with a poorly designed website. Is this a sign of a peaking bull market? People buying into an idea and not what's actually happening with the platform? It just gives me very end of 2017/Jan 2018 feelings. +[https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf](https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf) + +It is dry and boring. TLDR: Tariffs are bad. Few positive effects are eclipsed by the negative effects. +I had some plumbers out at my house today due to a supply line leak in my yard. As we were talking about options and cost we just started casually talking about general bad luck and expenses. We both have kids that just got braces, I mentioned that I just paid off one of their's but wished I saved a bit for this new plumbing expense. He then told me I needed to get in on this new Dogecoin stock. It's apparently pretty easy, I just need a Robinhood account! He's already up $1,000! + +Ladies and gentlemen, this bullrun is now officially over. Take profit and run for your lives! + + +EDIT: My grandma is not a plumber, nor was she when she was alive. + +EDIT 2: Thanks for the Gold Award anonymous sir or madam! And a continued thank you to all for the additional awards. I am truly grateful! + +EDIT 3: I am not making a cut against plumbers, or anyone in any trade. I'm a welder for reference. I flaired this post comedy, so here's an explanation of the JOKE some do not understand. Kudos to those who have mentioned it already: In 1929, a shoe-shine boy gave Joe Kennedy stock tips, and Kennedy, being a wise old investor, thought, “If shoe shine boys are giving stock tips, then it's time to get out of the market.”  +Just tweet anything at all. We can do black and white again, legos, fucking bionicles, I dgaf. Tweet a cat dressed as an astronaut. Fucking tweet a picture of the last shit you took, whatever it takes man. I can only downvote mod drama and apefest bs for so long. This nonsense has gone on for too long. + +I'm kind of drunk, but whatever. 250 character limit, uhhh pay your retail employees more and provide better staffing. The Gamestop subreddit is fucking depressing and those guys could use some help. How can you expect retail employees to provide exceptional customer service if they hate their jobs? + +Crypto is cool and all, but I went out of my way to buy the power up rewards stuff and the app failed at checkout. Get some eyes on that, idk. + +Is that 250? Whatever, just tweet something god damn. I'll name my next kid Gamestop if you send a tweet out about nft. + +Looks like I've still got 5 minutes left before I can submit. I'm just going to rant I guess. Dude literally say anything. I know corporate world moves a lot slower than internet world but come on. Give us a date to hype, a goal post to look at, fucking anything. I can buy and hold forever, but this place is getting depressing. Fucking shills all up in here with mod drama that I can't be bothered with. + +I think I can submit now. Cool. Anyway, tweet a pic of your next sandwich or something so we can hypothesize about the meaning of your French dip. +The BBC have recently released a documentary on Samuel Leeds, who sold training courses on property investment that have been alleged to be scams. I first started seeing this guy on YouTube a year and a bit ago and spotted him in the up next bit after channels such as Pensioncraft. + +If you have family members who've been making noises about property investment gurus it may be [worth watching](https://youtu.be/eAmYaAYUnc8) or discussing with them. +I just migrated to the US this early January with my family from a third-world country. I got a job offer that is salaried as 45k per year pre-taxes in a low COL state in the South. + +I live with my mom, and I've only just started to wise up with my financial planning as I do realize I'm not getting any younger. My profile: + +- 22f, no notable savings, no debt +- no credit history +- looking to buy a used car +- I won't be paying for rent, but I will contribute $250-300 monthly for groceries and utilities + +I'm literally starting from scratch in a new country that I'm still not very familiar with. I guess my question is, do you have any tips for me on how to handle my financials and what other steps do you think I should take? I know that you can easily get into debt here in America and that's something I want to avoid. + +I really want to be financially smarter so I can also afford to live on my own in the near future. + +Thank you! +A good part of us strive to be like you. I for one like working and trading. + +Wake up at 4am and stop trading at 730am + +Then off to work. + +But a lot of you want to do this full time, or those of you are already doing it. + +So lets talk, how long before you realized you were good at this and skipped the 9-5 [if you had one] + +What was your initial capital? + +What pairs do you trade? + +What time do you trade? + +Do you scalp? Swing? Etc... + +Where are you now? How many years have you been doing this for? + +What do your friends and family think? +Hello, + +&#x200B; + +Long story short, lets face it, it is extremely hard to study the market constantly, when there are other commitments. I'm currently a 3rd year (final year) Economics student. I was wondering wether there would be a person who would be interested to study the market together in the mornings? I would say some time around 6:30-7:45 Monday to Friday would be just awesome? + +&#x200B; + +My forex background: I finished babypips, read around 12 books, have been interested for a long time, thus I have realistic and I would say correct expectations. Overall, I have a pretty solid understanding of the market, however what I'm lacking is a strategy. Not in a race for overnight riches. + +&#x200B; + +By the way we could message by skype, or talk, I don' care how we communicate. + +&#x200B; + +Let me know if someone would be interested, maybe we will be the new Shaun and Amman :P + +&#x200B; + +PS. London time. + +&#x200B; + +&#x200B; +And how many are retail traders? + +I used to run an FX desk in London and reading some of the stuff on here fills me with trepidation. Traded mostly NDF's and options. Rarely deliverable unless a customer requirement. + +Willing to help anyone and share my personal views on the market via PM or on this thread. + +No general focus on currencies but I have preference for trading ZAR and TRY. + + +Hey + +Just a quick thought about forex. + +I've been trading forex manually and with EAs on demo + real (very small account) for something like 2/3 years in and out and I've been much more serious about it for the last couple of months. + +I've tried hundreds of strategies and made my owns with python and mql4 with both machine learning and standard imperative programming but at the end the only parameter we can really master is the risk. + +After writing thousands of lines of code and making my cpu red hot I strongly think that all indicators are just there to make a confirmation bias and traders who make money only have a better risk management (and stress management). + +What's your thought about it ? Am I right/wrong ? why ? + +People who have made EAs, is it working for you on the long run ? +&#x200B; + +I saw a post on elliot waves on here this fine day and thought I might give the alternate (And true) view on them. + +&#x200B; + +**Pros** + +1. They look semi-cool. Fit them to data that has already passed (please refrain from forecasting as people will be able to tell you are an imbecile when price goes opposite from your wave count) - along with fibs and harmonic patterns. This will give your friends and family the illusion that you are pursuing a career in a fancy and exciting field. +2. sorry nothing to see here. + +**Cons** + +1. That shit dont work - very subjective.. total waste of time and space + +&#x200B; + +Ive said it before many times and I will say it again, in an industry where the main goal should be to develop and backtest a process that you can follow OBJECTIVELY in your live trading, we have bullshit like elliot wave theory floating around. + +I made a joke/nojoke thread calling out fibs because they are also laughable, but Elliot waves are the granddaddy of all laughable tools used in the markets. Stick any more than 2 elliot wavers in a room and let them plot their cute little abcd1234 counts on their charts over an extended amount of candlesticks and you will get 2 different results - subjective. + +The biggest piece of advice I can give to anyone learning is to avoid elliot waves like the plague. That shit dont work and its a mammoth of a timewaster - speaking from experience btw. + +One of my favourite types of pass times now is going to tradingview and finding elliot waver charts ideas, clicking the play button and watching that badboy not give a fuck about their wave counts. Its good fun, try it out sometime. + +&#x200B; + +As with the fib thread, happy to be proven wrong.. doubt it will happen tough +As someone new to Forex trading, I'm spending most of my available free time reading books and watching videos all about trading (Risk management, fundamental/technical Analysis, trading psychology). What I repeatedly read and hear is that **trading is easy** and **consistantly profitable trading is 60% psychology, 30% risk management and 10% strategy.** The latter is from Adam Khoo. + +If strategy really plays such a small role, why is it so difficult to create a profitable algo bot? Bots don't care about psychology and risk management is simple to program. They are 100% consistant. So I can't see how this is true. You could argue that humans take some factors into account which cannot be automated. But what are these? Most strategies I find use technical indicators and candlestick patterns - very simple for a bot to automate. + +**"It's all about risk management"**. Risk management and psychology doesn't matter if new traders haven't found an edge yet, which is probably the most difficult thing to figure out. Without knowing the edge, risk management can't help you. + +So my question is, if finding a strategy is only a small part of becoming a profitable trader, why is it so difficult to create profitable algo bots? +Hi guys and girls, + + +Lately I've been floating around on different social media and seeing what is being said about trading In general. + +I'm a funded trader / living off my trading. + +A misconception or pattern of misunderstanding I see the majority people have about real traders are: + +• People seem to think that someone that is profitable at trading has EVERYTHING figured out. + +I can guarantee they don't, for example the best trader I personally know, he has extreme risk reward and an extreme win rate. Yet he has no clue about tax, so he essentially gives 45% to the tax man. Not very efficient. + +• majority seem to also believe that there is a CORRECT way of trading, there is no right or wrong on the charts. You can do everything perfectly and still lose. That's just how it goes. + + + +We don't trade to be right, we trade to make money. + +Kind regards, +OP_stats +What mistakes would you avoid of you started training today ? + +What sort of things were very obvious after a while but not when you started ? + +Do you think there is a set amount someone should start with ? +I've been in cryptos since 2011. I know some have been here longer. Respect to you all. + +tl;dr "I've seen some shit." + +The company I originally bought my bitcoins from (for $10, biting my nails at a Walmart customer service counter), **BitInstant**, was shut down and it's founder was jailed. + +I bought mining hardware through **Butterfly Labs**. I didn't receive my miners till it was too late, and I was never able to recoup my cost. The company was shut down and they reached a settlement with the FTC. + +I managed to get my remaining coins out of **Mt Gox** shortly before it too went belly-up, its founder charged with embezzlement. + +I perused the **Silk Road** before it was shut down and Ross Ulbricht was imprisoned. (I never bought drugs; only found the site to be to be an incredible experiment in freedom.) + +Although I did not participate, I was there when **Bitfinex** was hacked, and when ether forked from **DAO**. And on, and on, and on... + +I've seen bubbles come and go. I've seen diarrhea-inducing volatility. I've abandoned all sense of price normalcy. + +I was literally there watching my screen when the BearWhale was slain. I've hodled. I know what it means to be "gentlemen." I know the difference between a Satoshi and a Dorian. I've seen Bitcoin die a hundred times. + +I've seen the Bitcoin community grow toxic over scaling. I've seen censorship, division, and alienation. I've seen some cryptos rise to be worthy contenders to Bitcoin's dominance, and I've seen others turn to dust. + +I've also made life-changing profits. + +These growing pains aren't going to cease any time soon. You don't survive as an early adopter in this space unless you stay on your toes and take the *appropriate precautions*. I can't stress this enough. + +The truth is, it's fucking stressful. I spend hours and hours researching and worrying about what I should do. Just last night I dreamt our house burned down and I lost everything. Not just that, but "loose lips sink ships" so to speak. Sometimes I think I should just shut up about it all. + +But I ain't done riding this wave. It's moon or bust. And I'm proud to be a part of the cryptocurrency community. +Hi Everyone, + +Having seen the post today urging action on FTDs, I wanted to show you what We The Investors has been working on. This is for a second sign-on letter focused on reforms to Securities Lending, Direct Registration and Settlement/Clearing. The letter will lay out a series of reforms and actions we want to be taken. We know this matter is of critical importance to the health of our markets, and if we're able to show a similar level of support as our previous effort (or maybe even more?), we can get in front of regulators and legislators to make sure they are aware of retail's concerns and continue to advocate for important market reforms. + +So here is a list of potential reforms for this second effort. I'm not sure that we should tackle all of them, but these are the ideas that we've come up with. Let us know what you think, what we can improve, what we missed, what we should change, etc. + +*Transparency* + +* **Lending Disclosures**: Investors have the right to know whether their securities have been lent out, and how much revenue the broker has received. +* **NOBO/OBO designations**: Intermediaries should explain to investors the choices they may make as it relates to transparency of share ownership, where shares are recorded in a brokerage account in beneficial format. The default options should always be NOBO, which enables companies to communicate directly with their investors. Shielding holdings from investee companies should be a right that an investor should opt in to. +* **Investor Communications and Proxy Voting**: Investors should be able to receive their communication directly from the company they invest in and not have their shareholding pooled with other clients of the broker, whose interests may not be aligned. Investors should be able to vote directly with the company, and have their voice heard at general or extraordinary shareholder meetings. Their votes should be directly confirmed by the company or its agent. + +*Investor Choice & Control* + +* **Control of Stock Lending**: Investors have the right to decide whether their securities can be lent out to short sellers. Shares should NEVER be lent by a broker or intermediary from customer cash accounts without the investor’s explicit permission and without being debited from the customer’s account. If shares are borrowed by the broker from a customer’s margin account, the securities should be debited from that account to avoid discrepancies in share counts. +* **Control of Registration**: Investors should be able to choose whether their shares are to be held in a brokerage account or in direct registration form in the investor’s own name on the company’s share register. + +*Settlement & Clearing* + +* **FTD Visibility**: Failure To Deliver disclosures need to be updated more often, and include more information, including how and when FTDs are remediated, what type of counterparty is responsible for the failure (bucketed into clearing broker, exempt market maker or custodian), and how long the FTDs remained open. +* **Closeout Restrictions**: There needs to be transparency when the borrow markets are used to cover fails, and located shares should not be able to be used to close out failures-to-deliver, unless the borrowing is recorded centrally and the information regarding the share position is available to the market. With this disclosure, investors can know the market is still short that amount of shares and the borrower must at some point buy back the shares to repay the stock loan. +* **Margin Transparency**: Investors need visibility about estimated margin per security for Clearing Brokers. +* **Netting Transparency**: Investors need disclosure of gross versus net notional or share count per security to help understand trading dynamics and discern the level of real investment versus intraday trading activity. +* **Investor Accounts**: Brokers should not credit securities to a customer’s account on the intended settlement date, or debit the customer’s cash account, unless the broker has paid the counterparty for effective settlement of the client’s transaction. In part this will also help to avoid future discrepancies in share counts. +* The elimination of "fails as a business model" by making them economically unsustainable, through: + * either a **Mandatory Buy-In**: after a short ''threshold period”, the fail should be cleared through a mandatory buy-in rather than the rarely used, voluntary buy-in. + * Or **Interest Charges on Fails**: the buyer receives interest payment on the value of the shares not delivered by the seller, at the share price of the purchase date. This disincentivizes failing until the stock price sinks. + +Thank you for all the feedback - we are doing everything we can to work for change, and to make sure that retail has a seat at the table. + +*NOTE: Reposting with edits to adhere to sub rules.* +New house so we need new furniture. And we have money saved. + +Last time the store didn’t even ask us how we wanted to pay. It was just “okay this is the monthly financing, sign here” + +I immediately paid it the next day. + +…. But I don’t want to do that. + +Instead of swiping my debit card (because I don’t normally have $4k just sitting in the checking account) is it a bad idea to put it on my credit card? + +1) my card says I have $7k available in credit. + +2) I will pay it off tomorrow + +3) I get 2% cash back in rewards + +**this seems like a no brainer but I wanna know if this is dumb before the sales people hound me into not doing this** +Ok Apes... for those of you who have been keeping up with the Billionaire Boys Club series... you may remember this one? + + [BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +In it, I describe the Rich Boy formula for avoiding taxes... + +Buy Assets + +Borrow against those assets + +Leave your Debt and Assets to your next of kin for a tax-free profit. + +This system is how the rich and super-rich pay less/no taxes + +NOW... + +One of these strategies included buying non-dividend paying stocks and borrowing against them as collateral. + +**GIVE A GUESS WHO IS THE FAVORITE NON-DIVIDEND PAYING STOCK?** + +You got it... Berkshire. + +**WHY IS IT THE FAVORITE?** + +Because of course, Warren Buffett knows all about Buy Borrow Die. + +He's **TOP OF THE LIST** of Billionaires (That we know of) that benefit from this system. + +&#x200B; + +https://preview.redd.it/zkk1yfg6pyv71.png?width=1486&format=png&auto=webp&s=ab2074d1c1a21f2ad628aa789e398083e1a25bfe + +AND... he has come out and said he will **LIKELY NEVER** issue a dividend or split his stock, as this affects the Buy, Borrow Die system. + +(Of course he doesn't cite Buy, Borrow, Die as the reason, though he does lobby against Billionaires paying so little in tax) + +**SO WHY DID IT SPIKE?** + +What if some Billionaire got a little spooked, and needed a tax-free cash injection for something? + +They could buy up loads of property and Borrow against this... but that takes time. + +**THE QUICKEST** way to do this... would be to BUY a shit ton of Berkshire Hathaway stock, then pop on in to their favorite bank and ask for a GIANT bank loan, posting the Berkshire Stock as collateral... + +&#x200B; + +***THIS IS OF COURSE SPECULATION...*** + +But if **SOMEONE** needed to do this at a **LARGE** scale in a **SHORT** timeframe... it probably is the most risk-averse way to do so. + +I rest my case, your honor... + +\------------------------------------------------------------------------------------------------------------------------------------ + + + +Shameless PLUG: Follow me on Twitter for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +SUBSCRIBE on Youtube for your viewing pleasure: [https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ](https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ) + +**REDDIT DD** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +&#x200B; + +[A smooth Brain Look at the Housing Market.](https://www.reddit.com/r/Superstonk/comments/qfqiz8/a_smooth_brain_look_at_the_housing_market/) + +[A Smooth Brain Look At the Banks (Part 2)](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_look_at_the_banks_part_2/) + +&#x200B; + +**YOUTUBE DD** + +**The SECRET formula to How The Rich Avoid Paying taxes... REVEALED! 😲😲** + +[https://www.youtube.com/watch?v=Qc3wQO9ncsE&ab\_channel=BillionaireBoysClub%28BBC%29](https://www.youtube.com/watch?v=Qc3wQO9ncsE&ab_channel=BillionaireBoysClub%28BBC%29) + +**Adam Aron Speaking at the Milken Institute - A Citadel Sponsored event? 🤷** + +[https://www.youtube.com/watch?v=uEfiuA8wg-Y&t=1s&ab\_channel=BillionaireBoysClub%28BBC%29](https://www.youtube.com/watch?v=uEfiuA8wg-Y&t=1s&ab_channel=BillionaireBoysClub%28BBC%29) + +**Citadel Vs SEC (Part 1) - Citadel Suing the SEC over D-Limit - WHO WILL SURVIVE?** + +[https://www.youtube.com/watch?v=\_-Le\_4BZD\_w&ab\_channel=BillionaireBoysClub%28BBC%29](https://www.youtube.com/watch?v=_-Le_4BZD_w&ab_channel=BillionaireBoysClub%28BBC%29) +A couple of months ago, for $14000. My brother talked me into abandoning my long term strategy at the start of the bull run. + +Very disappointing, can't stop thinking about this mistake. +Has anyone here quit their job to pursue mid/long-term travel? I'm 24 and have been on payroll working different jobs since I was 16, I've got a degree in IT and work in the field earning around 90k as a BA. I have about 130k invested in ETFs, no major debts (20k hecs) but also kinda no life experiences outside of work. I'm an avid traveller but only ever go for two weeks max at a time. I guess accruing time off is where it becomes a challenge. I'm planning to go to Europe for 3 months so would ideally quit my job, travel, come back and search for jobs, ideally contract roles, rinse and repeat. Am I crazy or is this a viable option for me? + + +**Edit: wow I'm overwhelmed at seeing all of these positive responses. I believe the best course from here would be to try and get some leave without pay and hope for the best, if I can't get it then oh well, I'll quit and still travel. Best to make the most of the youth I have left and who knows what might unfold along the way :)** +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>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) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +This is AWESOME! + +**Quick Background:** If you've been following my previous posts, I've been tracking deep OTM puts that have no reason to exist other than as a married put \[\*1\] hiding GME naked short shares. I've been waiting for the end of July so I can buy July options data to track the deep OTM puts just like I did for my post about [103M naked shorts hidden back during the Jan sneeze](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/) as we had at least [30M hidden shorts coming due with the July 16th expiration](https://www.reddit.com/r/Superstonk/comments/oiemiu/peekaboo_i_see_30m_hidden_shorts_coming_due/). + +**Peek-A-Boo! Puts, Where Are You???** + +*Seriously! Where are you!!!* I took two snapshots of the July options data at July 12th and July 29th \[\*2\] and then summed up all the put open interest for options that are available to trade as of July 29th (the others would've expired). **I FOUND ALMOST NOTHING!** AND IT'S *WONDERFUL*! Take a look: + +||As of 7/12/2021|As of 7/29/2021| +|:-|:-|:-| +|Open Interest for Puts|466,949|500,127| + +*Only* **33,178** new puts were opened during the July 16th expiration. **33k TOTAL NEW PUTS!** Compare that to January 2021 when over 1M worthless junk put options were opened (delta <= 0.01). In July, the *total* puts opened was **33k**! + +We've been tracking these deep OTM puts because they have no reason to exist other than to hide shorts. So, *wut happened?* + +**DTC-2021-005** + +DTC-2021-005 was passed on [June 25](https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005_was_approved_last_night/) and active on the Federal Register as of [June 30](https://www.reddit.com/r/Superstonk/comments/oasn0z/srdtc2021005_active_on_federal_register/). This one is important because DTC-2021-005 makes it so "[Short/naked options selling or buying won't be possible: HF will need to have the shares when buying puts or selling calls](https://www.reddit.com/r/Superstonk/comments/ntg2ya/dtc2021005_is_supposed_to_be_the_regulatory/)." Until 005 passed, SHFs were simply abusing the puts as a cheap way to hide shares. + +DTC-2021-05 changed the game so that for the HFs to go this deep OTM, they need to be *fully collateralized* for those shares which now makes it very expensive to use new puts to hide shorts. It's now so expensive that they might as well just buy the shares! This new rule change means this is no longer a good hiding place for short shares. + +**WOOHOO!** + +Will they hide the shares elsewhere? Probably. Almost certainly, actually. Even so, this is a ***huge win*** as we've *eliminated* 1 of their most abused hiding places. Now that the married puts got divorced from the naked shares, they need to find a new place to crash. We'll keep tracking them, finding them, and exposing them until they have no place to hide! 🚀🌝 + +&#x200B; + +\[\*1\] I'm sticking with the married put terminology because that's what the SEC calls them in this [paper](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) and it's from the original DD I learned from. + +\[\*2\] July 30 is an options expiration so it was easier to grep on July 29th to isolate just that days' data rather than the 30th which would've gotten that days data plus all the options expiring that day. +I think this is a game changer, what do you think? [https://www.reuters.com/article/us-usa-sec-nyse/u-s-approves-nyse-listing-plan-to-cut-out-wall-street-middlemen-idUSKBN28W2D4](https://www.reuters.com/article/us-usa-sec-nyse/u-s-approves-nyse-listing-plan-to-cut-out-wall-street-middlemen-idUSKBN28W2D4) +I've been seeing people saying this on this sub for the last 6 months. At what point does it stop being the beginning? Also are there any level-headed people that actually know what they are talking about here anymore? I'd love to hear an in-depth prediction of things to come, rather than just random bear/bull cases from people who are -70% from meme stocks. + +I'm the world's worst investor, and I like to be able to gain knowledge and insight from this subreddit that I wouldn't normally have on my own, but it's like only 1/100 posts are based on reality/research. It kinda messes with people's ability to make good decisions when they take the advice of someone who genuinely has no idea what they are saying, but they present it in a convincing way. + +Sure, nobody can perfectly predict what it will look like 2 years from now, but what we can do is talk about what needs to happen for stocks/economies to recover, and how feasible those things are. Then we can observe whether or not those things are happening. +Duplex $165k/20% Down payment/ 4.25 Interest Rate. +Each unit rents out for $650 and both units have tenants living in them with a year contract. + +Income- $1300 +Mortgage-$650 +Vacancy-$65/Mo. +Taxes-$125/Mo. +Insurance-$65/Mo. +Maintenance-$85/Mo. + +Cash flow would be around $310 monthly, there is no HOA. Would this be a good rental? Am I missing something? +Here's his original [post](https://www.reddit.com/r/wallstreetbets/comments/uflx06/the_2022_real_estate_collapse_is_going_to_be/). + +The short and sweet of the argument: People borrowed against their retirement accounts to put down cash offers on houses in order to compete in a housing market with stiff demand spurred by historically low rates and short supply. Retirement accounts are comprised of stocks. When stocks go down, the collateral that the loans were based on will shrink and loans will be "called in" to replenish the minimum required amount of equity percentage for the loan (google margin loan). People will have to sell their homes to make the loan call, which will cause the housing market to spiral. + +Scary if true, but I'm not sure loans against retirement accounts are technically a "margin loan" that would be "called in" if the value of the collateral (stocks) shrinks. Right? People would just have to keep paying the retirement account back within 5 years or so, or face a 10% state and federal tax penalty because it would be considered a withdrawal. But I'm not sure. + +TLDR: People are leveraging their portfolios to make “cash” deals on real estate. When equities go down and margin is called, people will have to liquidate the homes to cover margin. Essentially, people took loans against volatile assets and drove up the housing market and a crash in the stock market will drag down the housing market as well. +Summary of Q2 earnings: + +* Netflix (NASDAQ:NFLX): Q2 GAAP EPS of $1.59 misses by $0.22. + +* Revenue of $6.15B (+25.0% Y/Y) beats by $70M. + +* Net adds of 10.09M to 192.95M vs. consensus of 7.5M. + +* Q3 guidance: Global streaming paid memberships 195.45M (+23.4% Y/Y). + +* Shares -8%. + +[Summary article](https://seekingalpha.com/news/3592036-netflix-eps-misses-0_22-beats-on-revenue). + +Currently down ~-10% after hours. +I have been looking to invest in sectors that I believe will have the greatest chance of significant growth over the next 10 to 20 years. Here is a list and a quick reason for my thinking about each sector: + +Electric vehicles/renewable energy- The future of automobiles is electric. Almost all major auto makers are producing some line of electric vehicles, not to mention TESLA and NIO as fully eclectic companies with massive growth last year. + +Marijuana- The mj industry is still just beginning compared to where it will be at in 20 years from now. More and more states will legalize allowing for huge growth especially if it is legalized on a federal level. When/if it is legalized on a federal level, I believe both the medical and recreational aspects of mj will take a bigger role creating more consumers. + +Healthcare- According to AARP, 10,000 people turn 65 everyday in the United States. Life expectancy will likely continue to lengthen creating more revenue on average per person over their life. This number will only increase in the coming years as well. Advancing healthcare technology such as stem cell research for example will continue to innovate and create new treatments and cures creating a bigger market and more growth. + +Autonomous technology- Self driving cars, robots, AI, are all growing industries. They are the way of the future. Technology is advancing at an exponential pace creating exponential growth. Self serving cars for citizens as well as self driving semi trucks are coming very soon. There are companies already testing self driving semi trucks and they will possibly wipe out the human trucking industry within the next 10 years. + + I would love to hear some other ideas you may have! +**In a mist of shitcoins, an ODIN was born..** + +ODIN is a decentralized system designed to build a data oracle network based on an open protocol for interaction between participants and a sustainable economy. In addition to organizing the data oracle network, ODIN involves building a decentralized peer-to-peer data sharing and trading ecosystem for delivering real-world data to onchain for various use cases such as DeFi, betting, forecasting apps, or NFT. + +**Whales already OUT, nice and steady growth. Get in while you can.** + +&#x200B; + +[👪](https://emojipedia.org/family/) **Community/Socials:** + +[https://t.me/odinprotocol](https://t.me/odinprotocol) + +[https://twitter.com/odinprotocol](https://twitter.com/odinprotocol) + +&#x200B; + +[💻](https://emojipedia.org/laptop/) **Web:** + +[https://odinprotocol.io/](https://odinprotocol.io/) + +&#x200B; + +✨ **Pancake Swap:** + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2802eb3a20f5892956d5b9528f6bf13e648534db](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2802eb3a20f5892956d5b9528f6bf13e648534db) + +&#x200B; + +📊 **Chart:** + +[https://poocoin.app/tokens/0x2802eb3a20f5892956d5b9528f6bf13e648534db](https://poocoin.app/tokens/0x2802eb3a20f5892956d5b9528f6bf13e648534db) + +&#x200B; + +🔐🔐 **ODIN Locking Tx** 🔐🔐 + +**ODIN Pancake Swap LP Tokens Locked – 12 Months** + +`https://bscscan.com/tx/0xea17a2bd4d4b7fd74d474c81876e7bcae3f3c4b1508fef7f75c8ac74b6cec460` + +**ODIN DAO Treasury Pool Locked – 9 Months** + +`https://bscscan.com/tx/0x1ef29906dd4df0fa14995c27cad45df6cfb2c2ca1f190123f337df4252c28468` + +**ODIN Stacking Rewards Pool Locked – 9 Months** + +`https://bscscan.com/tx/0xeace162ccbed83c38d6d9ffc818356c387b6ba668dfed0656046d6df9b4ef1ff` + +**ODIN Data Consumers Pool Locked – 12 Months** + +`https://bscscan.com/tx/0x023abe1e255ade999f10d1cda12331a14163d949cf42b74d8aada2d45951778d` + +**ODIN Company and Team Pool Locked – 12 Months** + +`https://bscscan.com/tx/0x847c682b5e0d397e12e10dcd514321fb36e864e9eb5ff541d91109d9e6101e17` +Telegram: [https://t.me/supermoon\_finance/](https://t.me/supermoon_finance/) + +&#x200B; + +Supermoon is not like any other token out there. We believe that Community is the Core and foundation of any project! We are proud to say that our fast growing community has developed into a Family! + +&#x200B; + + Today we got listed on CoinTiger and the Market has been very Bullish as a result. Its still very early so you will get a chance to eat up the profits if you get in now. + +We are also on track to creating our own NFT’s and IOS + Android games, so join the telegram chat to keep up to date for when we launch. You won’t want to miss out on the green charts. + +&#x200B; + +&#x200B; + +Achievements as of yet: + +&#x200B; + +👉 We got listed on CMC and CG in the first 3 days. + +👉 Only out a week and we already have 14k+ OSM holders + +👉 Reached a 21 Million market cap in the first 4 days . + +👉 Big celebrities are in involved in our project. Names like Flo rida, Spifftv, truehollywoodstory and a lot more. + +👉 Currently in the process of getting listed on exchanges. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Telegram: [https://t.me/OfficialSupermoon](https://t.me/OfficialSupermoon) + +&#x200B; + +Website: [https://supermoon.finance/](https://supermoon.finance/) + +&#x200B; + +🥞Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfaefe2e0d056243060a6f640d5735cae307001c4](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfaefe2e0d056243060a6f640d5735cae307001c4) + +&#x200B; + +✉️Contract: 0xfaefe2e0d056243060a6f640d5735cae307001c4 +A lot of new people in here from r/all. + +I wouldn’t be surprised at all if we get dumped on tomorrow. In an attempt to create a new round of negative sentiment about the stock from new apes. + +Holding through dips/buying dips is what helps you level up as an ape. + +Be ready, buy the dips. Discounted bananas taste great. +A lot of new people in here from r/all. + +I wouldn’t be surprised at all if we get dumped on tomorrow. In an attempt to create a new round of negative sentiment about the stock from new apes. + +Holding through dips/buying dips is what helps you level up as an ape. + +Be ready, buy the dips. Discounted bananas taste great. +So turkey is now guaranteeing lira deposits by making up for losses in lira deposits if the lira declines exceed interest rates promised by banks. While this statement is so unbelievably obfuscated it can mean pretty much anything, the results can really only fall into 2 categories: + +1: The lira stabilizes and they don't have to print anything because there are no losses to make up. Essentially the government made themselves a get-out-of-jail-for-free card. + +2: The lira continues to drop and inflation continues to spike, and they either have to backpedal or end up printing absolute tons of money to make up for the insane losses people are having on their deposits which will debase the currency even further. Either option will obliterate whatever trust is left in the government's ability to handle the economy. + +Inflation is projected to reach 30% next year so they are absolutely playing with fire here. It's the equivalent of putting all your money on options expiring next year. +Title says it all. Personally my confidence is not shaken but im sure theres plenty of people in here who are feeling down. Just know this is all part of the process, thats what i tell myself at least. Who here is honestly worried though? +hi everyone, 7 months ago i made a post saying that i took my inheritance money and invested into canadian medical marijuana stocks. i got a ton of hate and a lot of name calling/bashing. i said that i would be posting in a year to see how i did, but i keep getting a ton of messages, so i figured that i would do an update post to see how i am doing halfway. + + +&nbsp; + +link to original post: https://www.reddit.com/r/investing/comments/45pg05/i_just_put_my_inheritance_into_a_medical/ + &nbsp; + + +&nbsp; + +here are the results of my investment: + + +&nbsp; + + + +Canadian Holdings: + +Total Book Value in CAD $65,824.65 + +Total Market Value in CAD $130,632.72 + ++64,808.07 gain (+98.46%) + +Intraday Change +4.48% + + &nbsp; + + +Holdings: + +CGC (CANOPY GROWTH CORPORATION) (trades as TWMJF on US exchange) + +18,550 shares | $5.12 CAD (current price) bought at $2.72 + +days gain +$0.23 (+4.70%) + +book value $50,507.60 + +market value $94,976.00 + +gain of +$44,468.40 (+88.04%) + + &nbsp; + + +APH (APHRIA INC) + +5,080 shares | $3.49 CAD (current price) bought at $1.19 + +days gain +$0.17 (+5.12%) + +book value $6,082.40 + +market value $17,729.20 + +gain of +$11,646.80 (+191.48%) + + &nbsp; + + +MT (METTRUM HEALTH CORP) + +3,278 shares | $3.84 CAD (current price) bought at $1.83 + +days gain +$0.18 (+4.92%) + +book value $6,002.60 + +market value $12,587.52 + +gain of +$6,584.92 (+109.70%) + + &nbsp; + + +BLO (CANNABIX TECHNOLOGIES INC) (trades as BLOZF on US exchange) + +6,000 shares | $0.39 CAD (current price) bought at $0.19 + +days gain -$0.04 (-9.30%) + +book value $1,179.95 + +market value $2,340.00 + +gain of +$1,160.05 (+98.31%) + + &nbsp; + + +EAT (NUTRITIONAL HIGH INTL INC) (trades as SPLIT on US exchange) + +25,000 shares | $0.12 (current price) bought at $0.08 + +days gain +$0.01 (+4.35%) + +book value $2,052.10 + +market value $3,000.00 + +gain of +$947.90 (+46.19%) + + &nbsp; + + +not bad, right? this is just the beginning. once it is legalized in canada, the share prices will go up 10 times in the next few years. this is nothing... it's the birth of a whole new industry and market. currently the medical marijuana market is valued at around $150 million a year... the black market for marijuana is valued at over $4 billion a year. just in canada. i read an article on the globe and mail yesterday that said the combined market of medical/recreational for marijuana could be valued as much as $7.4 BILLION after a few years of legalization. that's not even including the fact that a lot of canadian medical marijuana producers just got approval for selling their marijuana to other countries. CGC just started shipping pot to germany and brazil... the german market will be even bigger than the canadian market! + &nbsp; + +&nbsp; + +http://www.theglobeandmail.com/globe-investor/inside-the-market/pot-stocks-undergo-buying-spree-as-investors-pin-hopes-on-legalization/article32279939/ (pay wall)&nbsp; + &nbsp; + + +in november the canadian government will be releasing an outline of how legalization will work, so i think that even buying now will produce very large gains if you just hold. + &nbsp; + +&nbsp; + +there are also a few other really good opportunities coming up to invest in medical marijuana companies in canada. one particular company is about to have their IPO in november. if there is any interest i can do a post on that, or send me your email if you message me and i will email info when i know more details. + + + +&nbsp;&nbsp; + +see you guys again in the spring of 2017 when pot is legalized in canada :) +The multi-million dollar investment comes as President Obama pays a historic visit to the island. Starwood (NYSE:HOT) received an authorization from the U.S. Treasury Department last week to begin operating hotels in Cuba - something that would have previously been prohibited under the longstanding economic embargo. +A month ago I tried to make a purchase online but the merchant’s checkout page kept glitching so after four attempts I ended up calling customer service and completing the purchase over the phone. But when I checked my bank account I saw that there were five charges. I called the merchant to request a refund for four of the charges but they said they could only see one charge. So I filed a dispute with my bank. + +Today when I called for an update my bank told me that the merchant is not responding to the dispute and that if they don’t respond within 30 days the investigation will be closed and I will have to take the loss of the money. That can’t possibly be right, can it? This is a local credit union, if it matters. At the very least this is an expensive lesson learned about not using debit cards. + +**UPDATE:** Thanks so much everyone for the advice, it was really helpful. I just got back from the bank. Unsurprisingly they said the rep I spoke to was incorrect about losing the money if the merchant doesn't respond. But they said if the merchant doesn't respond within 30 days, they will start their own investigation which could last up to 90 days. I asked why, as per Reg E rules, I didn't receive a letter from them within 10 business days and why I wasn't offered a provisional credit while they do their investigation. They said that doesn't apply here because this isn't a fraud investigation, it's a dispute. They don't consider it fraud because I have "a relationship" with the merchant since I have made purchases from them before. This sounds like bullshit to me. From what I can see Reg E doesn't distinguish between fraud and disputes. I am now waiting for a call from an even higher up person and if they don't resolve this I will let the CFPB sort it out. + +And don't worry, my new credit card in already in the mail and my debit card will soon only be seeing the light of day at the rare ATM visit. +I keep seeing lots of optimistic posts about how our opposition is losing control. I thought it might be worthwhile to remind you what they're betting, because as much as we might want to write them off as stupid, they're not. + + +They think you're poor. + + +They've been dragging this out for a year thinking you'd get impatient, and lose interest. That you'd get into a car accident, or have a medical emergency that forces you to sell. Cause these fuckers know what it means to have a chip advantage in poker. They can sit there, and ante up, and wait for the right hand to come to them, then clean out everyone at the table. + + +They're looking at you thinking, *they only have enough to bet on one hand. If I can get them to fold, I take everything they've got.* + + +They're thinking that soon enough, you'll be back in your life of indentured servitude, fighting to pay off college debt you'll never be able to discharge, while they sip drinks on a beach and tell stories to each other about the time they ripped your face off. + + +They think you don't have the patience to see this thing through. That one of these deadlines passing means you're going to give up and just go back to toiling for the rest of your life to hold up the society they leech off of. + + +Here's what they don't know about you. + + +They don't know what it's like to work your ass off at a job that doesn't pay enough to survive, because you don't have a choice. They don't know what it's like to have to take out loans to afford the car you need to keep your job, and then when it dies, you can't afford to fix it, AND you can't afford not to. They don't know what it's like to have to tell your kids that Santa can only bring them one gift this year, and then the look on their face when you say that the one thing they asked for might not fit in your shitty apartment. They don't know what it's like to be told they're just going to have to bear the brunt of a once in a lifetime economic collapse three times before the age of 40, and then have people in the news call them lazy, and blame them for the collapse of every luxury industry you can't afford. + + +They don't know why you hold. They don't know why you won't just fucking fold this hand already. They don't know why you'll go without, and wait, forever if you have to. + + +They don't know what it's like to have a once in a lifetime opportunity, because their whole lives have been one opportunity after another, predicated upon a structure of society that works great, so long as they're the ones sitting in the box seats. + + +What they fear is a world where they're in your shoes. And the best part is, they don't have any fucking IDEA what your life is like, being the people CREATING the value they fucking TAKE. Having to MAKE ends meet. Having to kiss the ass of a boss who couldn't find his way out of a wet paper bag, just to get a paycheck that doesn't stretch far enough. + + +But here's the thing: They can't wriggle out of this trap. If they change the rules and steal from all of us, then entire generations around the globe will never invest in the stock market again. They don't just lose this bet, they lose the fucking CASINO. + + +So here we sit at the table, patiently. Waiting for someone to call the hand on these fuckers, as they bribe everyone in sight to let it drag out, hoping we all have to get back to our jobs and lives and debts and save them, while they're trapped with their hands in the fucking cookie jar. + + +Buy. Hodl. DRS. Play options if you want to, it's your fucking money. + + +But don't let these motherfuckers out before we take everything they've got, and they learn what it was like from our side of the table this whole time. +Seems this is what has caused the recent correction just now? + +[RBA inject 8.8 Billion into banks ](https://www.afr.com/companies/financial-services/rba-injects-8-8-billion-into-banks-20200313-p549t6) +Saw seveal very long lines at multiple bank ATMs and ATMs around Los Angeles. About 25-50ish people in line. + + Drove up north about 2 hours and it appears the same is happening here too. What did I miss? + +Thought *maybe* because rent is late after the 5th and it lands on a Sunday, but was unsure. +I know the reason is that their rate of GDP growth has been terrible. But does that matter to the vast majority of its citizens if they have low unemployment and good per capita income? What benefits are Japanese citizens missing out on that citizens of countries with growing economies have? +> The IRS doesn’t want people abusing the five-year rule with rentals that they move back into just before the sale. +> If you rent out your property for two years and then move back in for two years before selling it, you must prorate your exclusion because the exception to periods of non-qualifying use only applies to portions of the five-year use test period that occur after the last date that the property is used as a principal residence + +I am sharing this because 2 out of 5 year rule has slightly changed but ppl may not be aware of the change. +source: https://www.merriman.com/wealth-preservation/planning-on-moving-back-into-your-rental-in-the-future-read-this-first/ +######edit - just to point this out-- etoro states 100% of their GME investors hold buy positions.... WOW + +Edit2 - anyone wandering how etoro know this figure it's because gme told them https://www.reddit.com/r/Superstonk/comments/nn85hd/unconfirmed_so_be_skeptical_the_etoro_15_of_all/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Thanks u/brother_interesting + +------------------------------------------------------------------------ +Okay so I've seen some posts about etoro that really got me thinking about the float. + +So the one post that really got me looking into things is this- + +https://www.reddit.com/r/Superstonk/comments/nmos5k/what_the_actual_fuck_did_etoro_just_say/?utm_medium=android_app&utm_source=share + +#Notice the way the number they mention is 1.5%? + +Well let's do the maths. + +March 8th their investors are 20 million strong (possibly slightly more but we can't get an exact figure.) + +Now we're approaching 3 months later and from this article - - + +https://www.benzinga.com/markets/cryptocurrency/21/03/20188368/spac-deal-to-bring-etoro-public-after-revenue-growth-of-147-5-million-new-users-in-2020 + + +##we can see that their average customer growth per month is 440,000!!! + +So basically 3 months later its safe to assume that their customer size is 21.2million (at least) + +Now from gme's etoro page we can see that their gme investors account for 6.4% of all of their investors. That means that 1,356, 000 investors of gme on etoro alone. + +Now let's look back to the first link I mentioned. And this is the part that gets my tits really jacked. The wording they use isn't stock. They say and I quote "shareholders" as in people. Not the amount of stock they own but the people themselves... + +###Now let's do the math. If 1.5% of all shareHOLDERS is 1.356million that means that the amount of shareholders is 90,400,000!!!! + +Now the float assuming each of them have 1 share is that number alone but let's be SUPER Conservative and say the average shares held is.. 3? Now we know that under shooting it but let's be safe. + + +Now we get the float as a massive + +####271million!!! + +#####It's safe to say that my tits are jacked to the fucking roof! + +TLDR: the amount of holders is 90MIL+ So the float IS DEFINITELY more than what it should be!!!! + +🚀🌕🚀🌕🚀🌕🚀🌕 +Amidst all this redacted bull crap, I have not seen any emphasis on DRS BOOK! With the previous popularity in BOOK post we also have been seeing an increased borrow rate. So do not forget the following things. + +1. DRS!!! +2. Change your DRSd shares FROM PLAN TO BOOK. + +I know their has been a lot of back and forth about PLAN and BOOK, but the best explanation I have seen goes as follow: + +We have been DRSing as plan all this time and have not necessarily seen an effect. Since RC has repeatedly spoken as the book king, there is no harm done in changing share holdings to book. No further nuance to it, if they are the same thing still change them to book as there is no harm done and potential gain + +This is a perfectly reasonable take, the ape that initially said this in a comment was a genius. +A trillion is a very abstract concept to basically everybody. I could say you have 3 trillion cells in your body, or that a trillion dollars is 5 Jeff bezos, or that a trillion years is 69.9 (nice) ages of our ENTIRE UNIVERSE. + +But these numbers mean absolutely nothing. They’re so distant and abstract that the comparisons leave you with no more understanding than you had before. Instead, I’m going to try to make these huge numbers hit as close as home as possible. Are you ready? + +First, let’s get some numbers out of the way to prove a point. As of the time of writing this, the [M2 money supply](https://fred.stlouisfed.org/series/M2SL) (savings, checking, cash) sits at 20.3 Trillion dollars. That means the RRP is currently transferring *5%* of the total amount of spendable USD in existence. + +Even more scary, if you look at the [M1 money supply](https://fred.stlouisfed.org/series/M1SL) pre March 2020 (they changed the definition to include savings accounts so the huge spike afterwards is just a technicality) where we only had ~$4 Trillion, *25%* of all of that money now sits in RRP. + +Now, time to bring this astronomical amount to a measure you can understand. + +Are you ready? + +Look at your checking account, 25% of that is in RRP. + +Look at your savings account, 5% of that is in RRP. + +And that is true for EVERYONE! + +That’s how big this is. +In the grand scheme of things, trust wasn’t affected as much as it’s advertised. + +DeFi protocols were still performing well, and in fact, DeFi saw a boost as people left CEXs and started trading on DEXs. + +What frustrated me though is that this event gave mainstream opposing media A LOT of leverage against crypto + +The blockchain and crypto community spent YEARS and tons of efforts trying to project a positive and legitimate image about cryptocurrencies and blockchain technology and it started paying off with networks like Polygon already attracting major companies like Facebook, Instagram, Twitter, JP Morgan, Stripe, Disney, Starbucks, and many many more mainstream companies and institutions. + +You can also see how these companies helped push the price of tokens like MATIC and other related ones as well. + +And now because of the recklessness of one Sam Bankman Fried, mainstream media outlets, which have always been opposing to DeFi and blockchain, now have a major argument against us. + +Try explaining to the mainstream media that centralized exchanges are not part of crypto and are a failed experiment. + +You’d have to be completely immersed in crypto to understand this. + +The only “good” thing about this is that its a lesson (a very hard one) for people not to trust centralized exchanges and start using DeFi instead, as initially intended. +Hello! So I’m a travel nurse (26f, no kids, single) in CA right now. I’ve been on 3 contracts so far, I didn’t save as much money as I should’ve because I went to Disneyland way too much! Oops… But I need some advice on what to spend my savings on. By the end of this contract, Im realistically planning to have at least 34k in my savings. I really really want to buy a home (Michigan) since I will be living with my parents when I’m not on assignments, but I have other debts such as my student loans (40k) and my car (26k). I would love to eventually use that home to rent out to others. What would you do? Thanks! +My parents are in their mid 50s. They have very minimal retirement funds in their 401ks. My father only contributed for 3 years and my mother only contributed for 7 years. They do however have some savings about $6k (mostly prior years tax refunds) aside from their regular savings and rent out their back house so that provides them with some income to leverage their monthly expenses. + +I was wondering if I could use the $6k to put in an IRA even though they don’t have any taxable income for 2020. Or if it would even be wise to do this. My parents are not financially literate and it worries me that they won’t have enough money in retirement. + + + + +I’m 31 with 160k in the stock market (80k in Roth, and 80k in a mutual fund), I also have a rental house with almost 150k in equity that generates $600 a month in profit. My late wife and I had a term life insurance policy through her work and I received 200k when she passed in 2017 from cancer. I make about 40k a year as an electrician apprentice, abs should be getting my electrical license this year. I’m a little behind because I took two years off of work to be there for Heather while she was sick so I could take her to all of her appointments which was basically a full time job (which I would gladly do again). As for my financial goals, I would like to be able to retire by 60 and I know the best way to do that is maxing my Roth each year. + +I’m getting remarried in may and we’re working on having a kid. My question is, should I keep my money in the market, or pull a chunk out so I can pad my checking account for child expenses. I don’t keep much in my BOA account right now as my bills are relatively low and I like seeing my money grow. The only splurge I’ve made with my life insurance money was building Heather’s dream kitchen which I look at as an investment. Any advice will would be appreciated. +After all my bills are paid, I have about $300 to do what I will with. I'd like to start making my money work for me, and begin learning how to invest. The issue is I'm new and so far all I've been doing is saving in a regular savings account. + +Bonus points to anyone that speaks on things that they wish they knew early-on / what they wish they could've told their younger self. + +Thank you all for your support. +I have a friend who has recently begun to work for an insurance company. She recently asked me if she could come over to “practice” on me - as she is learning how to set up financial plans for people (although her goal is to sell annuities and insurance - she is commission only). She said to me, “you can give me fake answers but it’s easier for me to do it with someone else instead of putting fake answers in myself.” + +I’ve already brushed aside her other attempts to try and sell me things (I am more financially savvy than she is) and now I’m wondering if this new thing is some sort of sales technique they teach you, you know, “Hit up your friends and tell them you need to practice on them.” Any thoughts? As much as I want to support her, I’m not going to be buying anything from her. Thanks! +I've been watching my investments grow over the last few years and find the idea of being able to step back and retire early very alluring. Been doing some research to try and figure out what my FIRE number would be. + +My current spend per year would be covered with 150k, but with taxes I would probably target 200k. + +* 37M, married w/ no kids living in SoCal, no major health issues +* own 2 properties outright, both worth about 1M each +* 7M in investments: 73% domestic stock, 15% foreign stock, 11% bonds +* assume 0 future income once retired (unlikely, but want to be safe) + +I'm finding a lot of conflicting info on just how much more conservative you need to be than 4% to support a 50-ish year time frame. It seems like 3.5% of my 7M investments would get me to 200k/yr. How would you factor in real-estate in your calculations? I would like to be relatively conservative in my FIRE projections. +I was watching a video on America's Debt Crisis and wasn't to sure if everything they were saying was making sense, so I was like damn, "this is an important subject matter how would I begin to learn about this subject." So my question to you all is, where is a good place to start? + +How much information that is not directly finance related do I need to know to understand this subject? How much economics do you have to be aware of (I've only taken college intro micro and macro)? I intend on starting to watch some Kahn Academy videos, would this be enough to have a good understanding? Are there any Finance for dummies books that would be better? + +Thanks in advance. +I know a lot of users werent fan of memes due to reposts or low effort but I thought the idea was to improve the content of the subreddit: +more news, more analysis, DD, etc., but so far I have only seen an increase on personal stories and most of the time the add absolutely nothing to the purpose of the subreddit, which is to inform about cryptos. + +Just today on the front page we have post about a guy being healthier thx to cryptos, another one who got support from his mom, and another who dropped out of school. +while these stories can be “wholesome” I fail to see how they are better content than memes, at least some memes were informative. + +Maybe a new sub r/howcryptosaveme (or something like that) could be created so people can share their sob stories over there +I have a thermostat where I can finely tune when heating comes on and goes off, which days and temperatures. + +As my house is empty during working hours three days a week, I have the temperature set to 5°C from 8am until 5pm where it changes to 20°C + +I'm a firm believer that paying to heat and empty house is wasteful. My neighbour disagrees however, he believes it cheaper to keep the house at 20°C all day because "it more efficient to maintain a temperature, than to heat up a cold house" + +Has anybody here tried these two methods of heating a home and compare costs to work out which is cheapest? +I got a email from Ally Bank that effective yesterday, they lowered the interest rate of their saveing accounts from 2.2% to 2.1% APY. Are other banks doing this as well and is it indicative of anything? This is what they said ..... + +" if you've been paying attention to the economic news lately, you've seen that after a period of increases, interest rates are on the downswing and projected to fall further. These market conditions impact all kinds of things, from mortgages to CDs to savings accounts. Because of this, beginning on 6/25/19, your Online Savings Account rate moved from 2.20% to 2.10% Annual Percentage Yield (APY) on all balance tiers. We wanted to make sure you were aware of this change, because to us, being straightforward is the right thing to do." + + +EDIT: Thanks for the replies so far. I know they can lower rates anytime they want but Im wondering.... if all banks start lowering their rates around the same time, is it an indicator of a nearing recessing or bad things to come in the stock market/finance sector. +I’ve started doing research on ETF’s which seem like the perfect option because it’s immediate diversification while buying a stock in a company will be more prone to fluctuations. Are there any downsides to ETF’s? +Posting here because it’s 1) hopefully long term money saving 2) there are others on here who’ve successfully swapped to air source heat pumps 3) uk sub. + +I live in an old house with some covenants. I’d like to make it as environmentally friendly as possible. I know older house can’t be “sealed” like new ones so I’m looking for a good place to learn what i can and can’t do. Weirdly I couldn’t find a specific sub on eco friendly homes. +If your going to claim to be the representative entity for Bitcoin then act like it. Otherwise you are just as big of a joke as that incompetent twit Mr Krabapples bouncing around on his blue ball http://thegenesisblock.com/wp-content/uploads/2013/04/mtgox_ball.png I mean, Jesus H. tap dancing on a crispy truiscuit Christ, do something, anything, or gtfo. + +*Edit: Help us Obi-Wan Antonopoulos, you're our only hope. +* Raises main refinancing rate by 50BPS to 0.5%; EST. 0.250% +* See's further normalization of interest rates +* Eurozone Gov. Bond Yields jump as ECB raises interest rates by 50BPS +* EBC Crisis Tool purchases are not "Restricted Ex Ante" +* ECB to launch new program of bond purchases aimed at countering fragmentation +* New program will seek to prevent "Unwarranted" moves in Gov. Bond spreads +* Traders bet on 60BPS of ECB rate hikes in Sept. + + [ECB Set to Raise Rates at Meeting: Live News Updates - The New York Times (nytimes.com)](https://www.nytimes.com/live/2022/07/21/business/ecb-meeting-inflation-interest-rates?smid=tw-nytimes&smtyp=cur) +So the liquidity test is a "stress test" where they run a simulation to check that brokers MM and HF's have the required liquidity right? + +So why are they told in advance when it is coming just so they can ensure they do have the liquidity.?? surely it should be a test they are not told about and no stupid games can be played otherwise it is a false positive result?? + +How many of you have ever had the heads up from your employer of the date you will be having a random Drugs tests? + +Or when you were in school given advance notice of a random pop test along with the subject details. + +in theory its the same thing and they will just back to their old ways once the test is over. This should be random without notice. + +I may have the purpose of the test wrong, its early and i'm grumpy so please do correct me if im wrong. +Have a McLaren and private party can fetch around 160-170k, dealer in La Jolla wants to give around 130k. Have no interest in having randos joy/test driving it, and while the gap isn't a huge deal for simplicity sake, but would like to maximize my value for it. +3 months ago, I walked out the door. I didn't have anywhere to go, and I didn't have a timeframe to get there. I did have a NW north of $10M and a few job prospects. + +We're a family of 4 with two kids in elementary school and two adults in our mid-40s. My wife works for mega-corp and brings in close to $200k. Our annual spend is \~$240k / yr including reserves for big purchases (cars, home maintenance, ...). + +When I wrapped up my prior gig, I had full intention of jumping right back into a full time role. I didn't have one locked down, but I had several prospects. The thing I discounted was how fickle the job search is at executive levels. There were a few jobs where I hit it off really well with the team, but things just didn't work out. One company had great momentum then hit the skids when a "rumor" broke that they were being purchased. Another went with a candidate from their network. Another passed after their board member didn't hear me say something they wanted me to say. I got one job offer with a really strong cash component, but no equity... pass. So, I keep jumping from one Zoom call to the next looking for the right thing. + +In the meantime, I've had quite a few interesting consulting engagements. There is the background noise of GLG, Guidepoint, ... where I'm charging several hundred $ / hr. In addition, there have been a couple of projects with firms doing short-term work. Finally, I have a start-up that I'm working with for a few hrs per day. In total, I'm on target for low 6-figures of income. + +There are quite a few interesting observations I've had on my journey. First, my brain was running at warp speed when I left, and it took about 2 months to slow it down to a reasonable pace. I was very tuned to being productive. A few months later, a lot of the stress that I wasn't even aware of started to lift. Second, the lack of sizable income took a bit of time to get over. I went into full on austerity mode. Not quite rice & beans, but close. This is obviously very unhealthy given our war chest, but it happened. Third, I realized that I really did want "one more run." I really enjoy working. I enjoy solving problems. I enjoy dealing with customers. I enjoy working with people. I get huge value knowing I can walk away if the situation warrants it, even though I know I'd rather work through the issues in most cases. + +All in, I realized I wasn't ready to RE and wasn't ready to coast. I also hadn't built the life I wanted yet. There were things I wanted to spend money on that I didn't have the funds to support, like a second home. I didn't have a clear plan financially or emotionally. When you put it together, I'm developing a much more clear picture of what I'd like to get set-up over the next 5 years. What comes after that is too far in the future to decide, but there is definitely an option that it includes a very different path. The best articulation of the changes I'm planning to make boils down to the following: + +1. $10M investment portfolio with a 2.5% yield. This consistent dividend income will mitigate the rice & beans experience and enable us to feel secure. I fully realize that this is a very low SWR, but it is much more emotionally driven than mathematical. I anticipate having the dividends deposited directly into our checking account and spending down from there. +2. Paying off our mortgage(s). We currently have about $700k remaining on our primary home. The sequence of returns risk mitigation offsets the opportunity cost on our 2.5% mortgage. I'll obviously see what happens with interest rates over the 5 yr period and adjust as needed on this one. If we get a second home, we'll most certainly have a mortgage on it, but we'll also have a ton of equity in our primary home. I don't see a scenario where we are maintaining 2 homes in the long-term. When we sell one of them, we'll be totally debt free. +3. Ramping up / maintaining a side-hustle. If I could work a fractional executive role, like I'm doing now, after one more run, that would be awesome. If I could fill it in with some advisory and board roles, even better. Those take time to nurture, so the next 5 years are going to have an element of planting and tending to those seeds. +4. Plan the "summer of our lives." My wife and I have a forming plan where we pick a summer (currently 2026) where we take off. That will be either a sabbatical or us quitting, depending on how our employers react. Lining up the perfect 10 week itinerary will take at least a year of planning. +5. Mapping out what work looks like after we pull the ripcord. I'm considering culinary school, executive coaching, college teaching, opening a bar, ... I think it will take a while to figure out the realities of these paths and the exploration may be part of the side-hustle above. + +So there you have it. I'm thankful for this group and any thoughts / experience you can offer on your own journey's. +\*Trying this again, as auto-mod removed it\* + +&#x200B; + +Let me start by saying, no I'm not a Cardano shill, and I'm not telling you to invest in it; I'm simply using it as an example here to showcase that crypto is far more than a fun thing to gamble your money on. + +Cardano recently announced it's ambitions to help elevate underdeveloped nations, one way being that they want to "bank the unbanked". Essentially, give people access to more stable and substantial financial services, who would otherwise not have it. The impacts of this could be MASSIVE in countries that are often stricken with political turmoil and local fiat instability. This gives individual citizens, as well as bigger institutional investors a safer way to store their money if conflict or other variables threaten to devalue the local fiat. + +I addition to adding an option for more stable finances, they are also hoping to lay down a foundation for African nations to take advantage of. Imagine like an Ethereum network, but with a goal of letting underdeveloped nations have a chance to utilize the full capabilities of blockchain to improve the lives of their citizens. Once example was outlined in a deal between Cardano and the Ethiopian government. + +Ethiopia plans to use the Cardano blockchain to track student's progress in education, to determine how to improve said education. But just as with Ethereum and other similar networks, the possibilities are pretty unlimited. Something as simple as improving national education standards in Ethiopia would be a MASSIVE and EXPENSIVE undertaking that could never be afforded without the help of blockchain technology. And the impact of improving education could be astronomical. Seeing any movement like this makes me very happy, and very hopeful. + +My point is this: +Sure, crypto is a really fun hobby and money make for most of us. It is fun to watch the (green) charts, and read up on new projects. But lets not forget that the crypto-sphere is way more than an alternative to the stock market. Many of these projects are driven by extremely driven (possibly delusional sometimes) teams, with ambitions to make the world better for all of humankind. This is the reason I can handle the dips and red days without feeling too down about it; because I truly believe crypto and blockchain tech are the future. They will continue pushing the boundary, and could help solve some of our biggest humanitarian crises. So even if I lose some money on ambitious projects that didn't pan out, I feel good knowing that I am still an active part of bringing in a more positive future for humanity. + +Fiat currency has been ruined by corrupt government and greedy corporations; crypto will certainly have it's fair share of that in the near future. I just hope we don't lose sight of the possibilities it puts in the hands of the "non-elite" + +If you want to hear any more about the Ethiopia/education project, [here is a good article on it.](https://www.coindesk.com/from-paper-to-cardano-blockchain-iohk-in-ethiopia) +**INTRO** + +I have been researching a lot of factor investing techniques, and have come to the conclusion that most of the factors investors use are wastes of time. Most signals lose merit when empirically scrutinized, and those that remain do not seem trustworthy over decade-long investment windows. + +Except for momentum. For some reason simple momentum investing seems to be the one factor that remains consistent YoY, all for the simple reason that companies and economies that have done well in the past will typically continue to perform well in the future, and vice versa. + +X-day moving average (definition): the average closing price of the stock for the past X days. So a 200-day moving average is the average closing price of the fund for the past 200 trading days. + +**TECHNIQUE** + +Here's a simple method for momentum investing I've devised (IE: shamelessly copied from people smarter than myself): + +1. Once per month look at the moving average of your favorite major stock market index fund (I use [Vanguard's $VT](https://investor.vanguard.com/etf/profile/VT)) using one of the many free stock statistics sites on the web (like [BarChart.com](https://www.barchart.com/etfs-funds/quotes/VT/technical-analysis)). +2. If the price of the index fund is above its moving average then invest in it. If the price of index fund is below its moving average then move these funds into safe government bonds. + +That's it! + +**DATA** + +Momentum trades since 2008 using differing moving averages (MAs) in $VT (Vanguard Total World Stock ETF): + +|**100-day MA**|**150-day MA**|**200-day MA**|**300-day MA**|**350-day MA**| +|:-|:-|:-|:-|:-| +|BOUGHT May 09|BOUGHT May 09|BOUGHT June 09|BOUGHT Aug 09|BOUGHT Aug 09| +|SOLD Feb 10|SOLD June 10|SOLD June 10|SOLD June 10|SOLD June 10| +|BOUGHT April 10|BOUGHT Aug 10|BOUGHT Aug 10|BOUGHT Aug 10|BOUGHT Aug 10| +|SOLD June 10|SOLD Sept 10|SOLD Sept 10|SOLD Sept 11|SOLD Sept 11| +|BOUGHT Aug 10|BOUGHT Oct 10|BOUGHT Oct 10|BOUGHT March 12|BOUGHT March 12| +|SOLD Aug 11|SOLD Aug 11|SOLD Aug 11|SOLD June 12|SOLD June 12| +|BOUGHT Jan 12|BOUGHT Feb 12|BOUGHT Feb 12|BOUGHT Aug 12|BOUGHT Sep 12| +|SOLD June 12|SOLD June 12|SOLD June 12|SOLD Jan 15|SOLD Sept 15| +|BOUGHT Sept 12|BOUGHT July 12|BOUGHT July 12|BOUGHT March 15|BOUGHT August 16| +|SOLD July 13|SOLD Feb 14|SOLD Oct 14|SOLD August 15|| +|BOUGHT Aug 13|BOUGHT March 14|BOUGHT Nov 14|BOUGHT August 16|| +|SOLD Feb 14|SOLD Oct 14|SOLD Jan 15||| +|BOUGHT March 14|BOUGHT Dec 14|BOUGHT March 15||| +|SOLD Oct 14|SOLD Jan 15|SOLD Aug 15||| +|BOUGHT Dec 14|BOUGHT March 15|BOUGHT May 16||| +|SOLD Jan 15|SOLD July 15|SOLD April 18||| +|BOUGHT March 15|BOUGHT April 16|BOUGHT May 18||| +|SOLD July 15|SOLD Nov 16|SOLD July 18||| +|BOUGHT Nov 15|BOUGHT Dec 16|||| +|SOLD Jan 16|SOLD April 18|||| +|BOUGHT April 16|BOUGHT June 18|||| +|SOLD Nov 16|SOLD JULY 18|||| +|BOUGHT Jan 17||||| +|SOLD March 18||||| +|**Total trades:** 24|22|18|11|9| +|**Trades** **per** **year:** 2.7|2.4|2|1.2|1| + +**BACKTEST** + +Here's how the 300-day MA would have performed against buy and hold for $SPY: [https://dailyreckoning.com/wp-content/blogs.dir/5/files/2012/11/DRUS11-13-12-1.png](https://dailyreckoning.com/wp-content/blogs.dir/5/files/2012/11/DRUS11-13-12-1.png) ([**source**](https://dailyreckoning.com/a-better-way-than-buy-and-hold/)). That's a 15-year return of 74.3&#37;, almost double the return of simply buying and holding the S&P 500. BUT this return &#37; does *not* consider taxes (see observation #6 below). + +**OBSERVATIONS** + +1. This technique is wonderful for avoiding massive drops to the stock market while still being invested in the majority of its gains. Imagine being completely in stocks in 2017, but completely out of stocks during the entirety of 2008! +2. It's pretty low maintenance. On average, the 200-day MA of $VT trades just 2 times/year! +3. **The longer used MA, the less risk/reward/work.** The slower the MA is to respond to trend changes. So you're talking about less return and lower volatility. Example: when the global stock market tanked in late 2015, the 300-day moving average would have safely moved to bonds in August. In contrast, the 350-day moving average would have waited to sell until September, a month later, meaning an entire extra month of losses vs the 300-day. +4. **The shorter used MA, the more risk/reward/work.** For the 100-day moving average of $VT, the number of trades since the 2008 crash balloons to 24, an average of 2.7 per year, with many years having 4 trades per year. And a lot of those trades are whipsawed trades when the market is really moving sideways, making you do a bunch of work that really isn't necessary, and some of those trades mean moving out of the market when it's going up, missing out on a bunch of gains. +5. The data above seems to show **the sweet spot is 200 trading days** (200-day MA). This seems to be a somewhat decent spot to grab the trend when it changes, but to not get too chopped up when the market spends a season moving sideways. +6. Taxes are the one factor here which makes this approach earn less money than buy and hold. You're trading at least once almost every year here, so you're almost always going to be paying short-term capital gains tax, which is a pretty big hit to your overall return. That said, a few years (2013, 2017) are trade-free, so you have the occasional long term cap gains trade. +7. Because of tax inefficiency, buy and hold does seem the ideal approach for maximum profit. However, buy and hold does this by leaning on your emotions. In the 2008 stock market crash you would have experienced single digit losses with a 200-day MA approach. Compare this to buy and hold with its 50&#37; drawdown (intra year). Imagine the wonderful feeling of being 100&#37; in government bonds while everybody else is covering themselves in sackcloth and ashes and going through marital stress. +8. The bond allocation is probably going to be [$VGIT](https://investor.vanguard.com/etf/profile/VGIT), Vanguard's intermediate term government bond ETF. + +**CONCLUSION** + +I don't think I'll use this approach as my main investment, since it doesn't take advantage of long-term capital gains tax rates, and thus has a lower overall return compared to simply buying and holding. However, I am strongly considering this as a major part of my overall portfolio. Perhaps 40&#37; of my entire stock allocation. So that would be 40&#37; momentum investing via the 200-day MA of $VT, and 60&#37; in my regular buy and hold in index funds. \[Note: I'm young and still have many decades of earning potential.\] + +**TL;DR:** Momentum investing with major index funds is simple, requiring about 2 trades per year. Once per month (no more! no less!) look at your favorite major index fund. If the 200-day moving average is below the fund's price, be 100&#37; invested in it. If the 200-day moving average is above the current price, safely move this allocation into 100&#37; bonds. Stick to your rule! In doing so, you will enjoy healthy stock returns while avoiding the majority of market crashes, sleeping better at night during major market turmoil. + **Mirror** $MOR is dubbed by the dev as a "NEW CONCEPT by Founding Fathers of Frictionless Trade" Crypto that provides holding and trading instant rewards with burn. + +**Think of like this:** + +**RFI** solved a huge problem with instant **staking** + +**Mirror** solved a huge problem with instant **farming** + +This project is **unique**, never been done innovative projects they don't do minor forks and change variables around. On top of that some parameter fee structure is needed and a bit of better game theory and u have an **original idea** that is superior to RFI in my humble opinion. Everything will be done to ensure longer term stability and growth. + +**For Technical Description:** + +The project rewards buyers. Everytime you buy MOR tokens you are placed in a farming slot. You maintain your position in the farming slot until there are 5 more buys after yours. So if there are 10 sells and 10 transfers to other wallets for example you will farm fees from those 20 transactions and keep going until you are moved out of the farming slot. Also it combines RFI tokenomics so even if you aren't trading to farm you will be getting reflect fees. + +95% of liquidity is locked on DxSale. + +I am sure you have a lot of questions. Please come join us in our discussion group + +Telegram: [https://t.me/mirrorbsc](https://t.me/mirrorbsc) + +Website: [https://mirror.farm/](https://mirror.farm/) (working on very early) +I found a possible moonshot guys! First i will tell you everything about the Token and for my personal thoughts on this read the last part of this post. + + +🦈 SafeShark - A Yield Generating DeFi Token + +Telegram: https://t.me/safesharktoken + +Website: https://www.safeshark.finance + +Twitter: https://twitter.com/safesharktoken + +🚀 Presale + +Presale goes live on DxSale Saturday, May 1st at 10 AM CST / 3 PM UTC. + +Soft Cap: 25 BNB + +Hard Cap: 200 BNB + +Min. Contribution: 0.1 BNB + +Max. Contribution: 2 BNB + +💡 Tokenomics + +Total Supply: 1,000,000,000,000,000 SHARK + +Presale: 600,000,000,000,000 SHARK + +Liquidity: 300,000,000,000,000 SHARK + +Burn: 100,000,000,000,000 SHARK + +Transaction Tax: 4% (2% distributed to holders and 2% added to liquidity) + +🔐 Liquidity is locked for 10 years and ownership will be renounced right after the pre-sale. There are no team tokens. + +💸 Contract: https://bscscan.com/token/0x1dd78c030d983c2ab270fb285927c1e6d5ddc835 + +👑 Presale: Goes live on DxSale Saturday, May 1st at 10 AM CST / 3 PM UTC. + +❤️ Telegram: [https://t.me/safesharktoken](https://t.me/safesharktoken) + + +I am not the owner of this token bit it seems to be 100% SAFU! I checked the Contract and rugscreen says it is legit. Ownership will be also renounced and liquidity is locked by Dxsale. So this token has to be safe! Join the telegram and have a talk with the Dev. The telegram group is really chill and they answer every question. It is a small community right know looking forward to get bigger in the upcoming hours. +But as always DYOR. +Welcome to Project Interstellar: Time Capsule Protocol FM! This is a brand new coin released minutes ago with over 100 holders already!! + +&#x200B; + +TELEGRAM: + +[https://t.me/TimeCapsuleProtocol](https://t.me/TimeCapsuleProtocol) + +&#x200B; + +WEBSITE: + +[https://www.projectinterstellar.com/](https://www.projectinterstellar.com/) + +&#x200B; + +REDDIT: + +[https://www.reddit.com/r/Project\_Interstellar/](https://www.reddit.com/r/Project_Interstellar/) + +&#x200B; + +TWITTER: + +[https://twitter.com/PrjInterstellar](https://twitter.com/PrjInterstellar) + +&#x200B; + +DISCORD: + +[https://discord.gg/3y7824ZfUq](https://discord.gg/3y7824ZfUq) + +&#x200B; + +BUY HERE: + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xFD121aED91E9efb3b37a9459642317f283F9EF73](https://exchange.pancakeswap.finance/#/swap?inputCurrency=) + +&#x200B; + +CHART: + +[https://poocoin.app/tokens/0xFD121aED91E9efb3b37a9459642317f283F9EF73](https://poocoin.app/tokens/0xFD121aED91E9efb3b37a9459642317f283F9EF73) + +&#x200B; + +CONTRACT: + +[https://bscscan.com/token/0xfd121aed91e9efb3b37a9459642317f283f9ef73](https://bscscan.com/token/0xfd121aed91e9efb3b37a9459642317f283f9ef73) +Just a young ape here who really wants to do his part in the fight against climate change and can’t wait to finally have the money to do something about it! This is why I hodl. +It can be overwhelming when you jump into the crypto space. You find out about Bitcoin from a friend, family, or publication. + +Then you learn about Ethereum, Litecoin, and.. Doge 🐶😂 + +And thennnn you find out that there are thousands of other coins offering all types of random things, whether it be defi, Dex, smart contracts, etc. + +Now that we are having a little correction, rather than checking the folio everyday and worrying, it's a good time to research other projects, see what developers are doing and how their communities are growing. + +So I thought I'd give a brief guide into how I research crypto projects, and if anyone else has any more suggestions, please comment below to help the community. + +1 ) Understand how market cap, coin supply, and price works. This is one of the most important basics to know when looking into crypto value. The best way to do this is to use the formula price x circulation = market cap. + +2 ) what are the fundamentals. +- check the website and see it's well written. +- what is the project trying to achieve? +- who are their competitors and are they doing anything different to them? + +3 ) see if the founders of the project are anonymous or listed. Lack of transparency is a huge red flag in the crypto space. + +4 ) check the community +- are they on Twitter, Reddit, and telegram +- do they have an active community +- do the community talk about the tech or just speculate about price? + +5 ) what is the roadmap of the project? +- are they in test net, or are they live on main net +- what are they looking to achieve over the next 12 months + +6 ) do they have any partners? +- are they collaborating with any other crypto projects +- do they have any plans for adoption outside the crypto space. + +These are just some of the questions I ask when looking for a project to invest in. + +Hope it helps, and good luck with your investment! + +EDIT: Thank you for all the awards! +There have been a number of posts recently saying that Computershare could continue to register shares over and above the available float. After some digging into CS's own [corporate documents](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf), I found some interesting paragraphs that should put this to rest: + +"A transfer agents also acts as a registrar, to help ensure that +the corporation does not issue more shares of stock than have +been authorized." - Page 5. + +It's literally their job to be accurate, and in fact, they are required by SEC regulations to do this job! Of particular note is this: + +"Securities industry participants, such as transfer agents, must +also comply with regulations designed to prevent fraud in +connection with missing, lost, counterfeit and stolen securities, in +addition to other data security requirements." + +Seems a lot like Computershare has the records and legal backing to fuck SHFs up once the rest of the float has been DRS'd! +Two years ago I was 22-years-old in university with $500 in my bank account. I didn't even own a car, and rode a bicycle to my university, home, the grocery store. The state I live in tends to get very hot all year round with temperatures reaching 110+ during the summer. + +After graduating and four months into my first job making $60,000 in a mid-cost of living city (I work in IT) I bought my first house with three bedrooms and two bathrooms. I rented out two rooms and lived practically for free with my tenants paying my mortgage - this was all at the advice of my dad. I hated being a landlord - at least a landlord that lived with their tenants. So after I fixed up the place and made repairs I sold the house for a great profit (lived there less than a year). At the time I didn't know anything about FIRE - if I did I probably would have continued house hacking. + +This is when I was about to make a terrible mistake. I had never seen so much money before in one check (roughly $30,000) and wanted to buy a Japanese luxury car in cash with my newly earned profits. I asked around in throwaway accounts (I asked while sitting at the showroom floor of the dealership) on /r/personalfinance and /r/cars whether this was a good idea and got the go ahead from lots of people - I was already aware of the idea of living below your means and had saved up $65,000 from my job, selling the house, rent money, and other side gigs (I'm a professional model and provide consulting). There was one comment all the way at the bottom though that only had 1 upvote and they mentioned not to purchase the car while referencing /r/financialindependence - I asked on this sub and besides major downvotes - I got a big clear no. That's when I started researching what FIRE was all about and why everyone was against the idea of such expenses. + +That's when I made the decision not to proceed with the purchase. I had given the Finance Director my cashiers check and asked for it back. They tried very hard to convince me to buy the car because it was a sweet deal and they couldn't guarantee that someone else wouldn't buy it. It was very hard saying no because I had always dreamed of owning a car, and to be able to purchase a luxury car was a dream come true. When I was in college I would bicycle everywhere: to class, home, the grocery store so to be sitting there with the money was a dream come true, but, I said no. I realized I was only purchasing the car as a status symbol to impress people who didn't give two shits. I was jeopardizing my future retirement by blowing this money all for nothing - it wasn't worth it. + +After reading several personal finance books and FIRE blogs, I have since opened an online high yield savings account and brokerage accounts. + +Today, this is what my portfolio looks like: + +Vanguard non-retirement brokerage account: + +VTSAX: $62,952 + +VTIAX: $3,623 + +Vanguard Roth IRA: + +VTSAX: $11,915 + +Fidelity Employer Sponsored 401(k) - my company matches 8% if I put in 4%. But I max out my 401(k). + +401(k) 2060 Target Fund: $5,011 + +Marcus High Yield Savings Account: $20,500 + +Chase Checking: $3,500 + +Robinhood: $1,021 + +Today at 24-years-old I have over $100,000 to my net worth. I drive my parents hand me down $2,000 Toyota Camry and pay them $500 rent monthly. If you were to see me in person, I look like I'm worth $500, just like when I was in university. I invest every dollar I can into stocks. I still ride my bicycle now voluntarily from time to time and I couldn't be happier with my decision. That luxury car I wanted to purchase was sold hours after I left the dealership and I hope the new owner can really afford it and is enjoying it. Me, I've got higher priorities now - and that is pursuing FIRE and pursuing my other hobbies and passions. + +Thank you /r/financialindependence from saving me from making a terrible decision. I hope someone else about to make a terrible financial decision reads this post and is inspired to instead ask themselves if making this purchase will truly make them happy. I know my answer was no. + +I apologize if this may be poorly written and rushed, I only had a few minutes free to post this. +I do not have any formal education in finance, but I was fortunate enough to find a job in real estate development where I was taught how to read, create, and edit a proforma. I'm curious about how investors without this background did their due diligence. What resources did you use? Did you seek the advice of more seasoned investors, or did you do everything on your own? Were there any online resources that you found useful? +Hey guys, so full transparency—I’m a financial advisor. I’m not here to sling anything to anybody, solicit my services or push any of my ideas on anyone. I’m actually here to learn a bit about how you guys think and operate as “research” for how to better deal with my real estate investor clients and those that I’m come across going forward. + +My question to you is: + +How do you save and plan to accumulate enough capital for down payments on your rental properties? + +Obviously if you save in cash, you’re losing out to inflation while you wait—not ideal. + +On the other hand, if you invest (with the real estate sector being a part of the overall market) the best time to purchase property is going to be when the market is down. And if your market correlated money is going to be down during the most opportune times for you to invest then that will nullify most, or all, of the outpacing you’ve done against inflation. + +This presents a problem either way you go, so I’m curious how you guys tackle this issue and how you weigh the pros and cons. I have some a strategy that I implement with my clients, but I’m here to see if there are better options out there and pick your brains on the best ways you have found to solve this problem. + +Thanks in advance! +On a VA loan. It may be that you have to get a new loan on it but I wanted to see if you could go another route by perhaps selling it to your LLC and carrying the note, or something similar. Tia. +I’m seriously thinking about doing this. My SFH rental has ~100k in equity so wanted to do my due diligence about it. + +Edit: thank you all!!! I learnt a lot!!!! So invaluable! +I’m looking to get into real estate investing. I’m 20 years old and will be 21 in August. I have a 708 credit score and pay no bills except a phone note and what I put on my credit card. I am a full time HVAC Technician and have had a job with pay stubs for a little over a year, and 7 months of that year being with the company that I will stay with. Matching 401K and full benefits and commission on top of hourly, making about 50K a year pre tax without commissions and spiffs. I’m wondering if I could even get approved for a owner occupied first property loan. I have found a triplex that I like and they are asking $155,000 for it. Any suggestions on getting approved or how to go about this would be much appreciated. +Hey everyone, + +I have been house hacking for the past year where I live on one side of my duplex and rent out the other side. I plan to move out at the end of this month and rent out both sides. + +I am in the process of finding renters and someone reached out to me asking if they can sign a lease with me and start using my duplex as an AIRBNB. + +At first, I thought NO WAY that I'd want my place used as an Airbnb but then the more I thought about it, the more I thought that this might not be a bad idea. + +They want to rent out both sides of the duplex at the price that I want. The lady that manages Airbnb will be on the contract and I will get my rent money each month from her. She even says that she will have the place cleaned between each stay (and guarantees to rent them out at a minimum 3 nights at a time to avoid people who rent Airbnb for parties). + +Am I missing something? Does this sound like an okay setup, or am I better off trying to find normal tenants (small family, or group of students since I am by a university). + +Thanks for all of your advice! + +EDIT: No HOA fees. +My partner and I (not married) live in a small townhouse style condo community. He just bought the condo last May. Our building is two units, side by side, and our neighbor just told us that his landlord wants to sell. I’m thinking about buying that unit. Any reason why I shouldn’t? +Source: [Diamond. Fucking. Hands. ](https://imgur.com/a/mSp1gAn) + +TA;DR; + +They’re scared and have required even more capital from members since January because *shorts haven’t covered.* + +Projected losses would have exceeded available funds. $16.9B already paid out by one member to cover existing exposure. + +Total incurred Q1 margin breaches were over $1B, up 300% from Q1 2020. + +Liquid resources are now at $54.4B. + +—Source: Risk.net +Dear feds + + + + + + + + + + + + + + + +Fuck off already with all negativity about crypto investors. +We are not bunch of evil money launderers. +We are not Russian agents. +And we sure are not here because we don't know the risks. + + + + + + + + + + + + + + + +We are here because your system ruined our future. Because we don't see any other scenario when we can afford to buy a house or even a nice new car. People in 50s were compensated decently for their hard work. They had a roof over their heads, a nice job and a lots of hope for the future. We? If we are really smart we might pay off our debts by the time we have our first heart attack. + + + + + + + + + + + + + + + +We are not victims of some crypto scam machine. We know what we signed up for. What you call it? Free market? Only this is truly a free market and not only in name for few to profit. We might actually have a chance of winning here. + + + + + + + + + + + + + + +Dear feds, every single person here knows this market is a minefield. They are not stupid. But what can you do when there is no safe option to reach your dreams? You take a risk. Yes, we are desperate and it is your doing. We are here risking for a win because we have no other choice. Because you fucked up bad. + + + + + + + + + + + + + + +Dear feds, there are more pressing matters than crypto, you fucked up earth and continue to do so. World is on the brink of war. We have tyrants taking out democracies and people's trust in you is at all time low. Leave us alone for once. Don't fuck this one up. We can take care of ourselves. It is our choice to make. Let us have this one thing. + + + + + + + + + + + + + +Regards +A pissed off millennial +So im 19, I have a fiance who's also 19. And we have a baby on the way. We're super excited. We currently rent a very small 1 bedroom for 629 per month. Nothing included except trash. My credit is fair, but I have no missed payments or blemishes. It's only a little low because of not much credit history. + +We're surviving on only my income. Which is about 28k a year currently. With our bills plus rent and food. It leaves us with only about 250$ of extra money a month. So it's been extremely hard to save up for a down payment. I really hate renting and want something that's mine that I can take care of and change if I want to (paint, have a little yard) so I'm looking into mobile homes. + +My only chance at saving money is when my tax returns roll around. Saving that for a downpayment. But even with that it's not gonna be much (maybe 2k? This is my first time filing with a baby). I've found mobile homes in my area from 20k-50k, but I don't have enough downpayment to get a loan. And the ones that have owner financing are asking for 8-10k down 400-500$ a month. + +Do you think maybe I can offer the owner financed mobile homes if they will allow me to purchase with no downpayment. And just pay a little higher monthly payment to make up for it? What are my options? + +I just want something to call mine, where my fiance and me can be proud of. Paint rooms. And do any work to it we want. We feel like we're living in somebody else's home in our apartment. Like its not ours. There's mobile homes for rent that we like, but we don't see the point in renting one unless they'll allow us to rent-to-own. +I feel honoured to have witnessed his/her great acts of kindness back in 2017. + +The word legend was reserved for selfless and benevolent people like Pine. You can read more about this amazing story here: https://en.m.wikipedia.org/wiki/Pineapple_Fund + +I like to think he/her is still reading these forums and if they are, we salute you. +Prelims on Domain were 71% for Sydney and 65% for Melbourne. Better unreported rates too by looks. Dead cat bounce or are we seeing the start of some stabilisation in the market? +Hi All, + +As much a rant as it is a question but how can REA get away with passing on costs of paying rent to a tenant? Absolutely boils my p!ss! + +We've basically been given no option but to sign up to one of these third party providers to pay our rent. I, politely, explained that it's not something we are wiling to sign up to and as per the legislation they need to provide a fee free alternative that is also "reasonable". They don't accept cash so the only "fee free" option is a cheque or money order. Neither of which are free as our bank charges for these services. But unfortunately, bank fees are not covered under the legislation. + +The fee is small and inconsequential but it is the principal of it now. I'd nearly prefer to pay the fees associated with the cheque or money order than giving in to these parasites! Realistically, is there any alternative? Or do I ague that going to the bank, getting a cheque then delivering it to the office is not "reasonable"? + +F\*ck me. The sooner we get out of the rental market the better! +This post is disinformation, and part of an active disinfo campaign occurring across multiple GME subs right now: + +[https://www.reddit.com/r/Superstonk/comments/mz16g5/dd\_on\_how\_placing\_your\_sell\_limits\_no\_matter\_what/](https://www.reddit.com/r/Superstonk/comments/mz16g5/dd_on_how_placing_your_sell_limits_no_matter_what/) + +This post has over 160 rewards. It has 14k upvotes, a thousand comments - and it's a lie. + +Limit sell orders **do not apply any downward pressure on the share price by just sitting on the order book, unfilled.** + +**During the MOASS, that relatively small amount of low price limit orders would be blasted through.** + +**HOWEVER - having extremely high limit sell orders sitting on the order book could actually** ***help*** **the price rise during the MOASS.** + +**AND - with some brokers - these unfilled limit sell orders prevent those shares from being lent out.** + +&#x200B; + +That post potentially contains low price anchoring - stating: + +>Even if it is at $1 million as a joke... + +Though the OP follows up by saying $1m is the floor - the ***"$1 million as a joke"*** is what came first, and what sticks in the mind of the reader. + +I'm urging the mods to take a look at that post, and consider removing it. + +**Update**: The mods have removed the post - much appreciated! Now, **onto what we've learned:** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Having extremely high "joke" limit sells could help the MOASS + +I wanted to add some insight u/P1ckl2_J61c2 posted [on another shill thread](https://www.reddit.com/r/GME/comments/mz3jte/thought_you_should_read/gvykym6/?utm_source=reddit&utm_medium=web2x&context=3) as to why short hedge funds could potentially want those high "joke" limit sell orders removed: + +&#x200B; + +>No, that is not how things work; if anything, it is messing up the HFT algos with order stuffing and tricking them into considering relatively high sell orders meaning you need supply well, guess what, the supply has a very high price.As long as apes do not actually allow the orders to get filled, it will not affect the maximum potential of the MOASS. HFT algos use this technique to manipulate the price, and that is why there are fake order walls and millions of unfilled orders every day. + +&#x200B; + +**The truth may be that high sell orders have a positive effect, by forcing hedgies to deal with stupidly high asking prices - potentially causing the price in a MOASS scenario to LEAP and BOUND upwards to hit those very high limit sell orders in the case where hedgies are forced to cover and there is nobody selling below those "crazy" prices.** + +Now, **the shill posters want people to do the exact opposite of this, and have led potentially tens of thousands of users to remove their "joke" sell orders, ultimately helping the hedge funds.** + +&#x200B; + +u/Secure-Ad1612 also made a very insightful statement in the comment section below: + +&#x200B; + +>It’s also important to remember that in the event of a total margin call, the order book would likely be continuously wiped between halts. If/when liquidity becomes low enough, these high limit sells will trigger, immediately sending the share price up into the thousands, perhaps earlier than whomever is attempting to cover would like. +> +>At the end of the day everyone must recognize that the vast majority of GME holders aren’t on this sub, and aren’t even on Reddit. To them, a four digit share price would be mind blowing. The reality is many of these retailers will sell in the high hundreds or low thousands if volatile trading begins. +> +>However, what happens is the order book begins to get wiped **before** the majority of holders have the chance to even look at the share price? Well, then that would mean that the stock would be sitting at $500,000 from some random apes sell order. Now people see that number and want that number. They will also be much more likely to hold and see just how far things go. + +&#x200B; + +**TLDR**: *Don't ever let anyone tell you 6,969,420.69 isn't a good start when deciding on your personal floor.* + +*This is not financial advice - I tried to smell my favorite color so bad there's a yellow crayon permanently lodged in my frontal lobe.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Bonus:** This user in particular, is a very active shill. + +[https://www.reddit.com/user/Ok\_Safety\_7710/](https://www.reddit.com/user/Ok_Safety_7710/) + +They are heavily pushing this new sell pressure narrative. They pop up again and again, crossposting disinformation to multiple subs. + +&#x200B; + +[https://www.reddit.com/r/WallstreetBreakers/comments/mz3x7y/remove\_your\_sell\_limits/](https://www.reddit.com/r/WallstreetBreakers/comments/mz3x7y/remove_your_sell_limits/) + +[https://www.reddit.com/r/GMEplanB/comments/mz3wpp/remove\_sells\_limits/](https://www.reddit.com/r/GMEplanB/comments/mz3wpp/remove_sells_limits/) + +[https://www.reddit.com/r/GMEnew/comments/mz3waf/remove\_sell\_limits/](https://www.reddit.com/r/GMEnew/comments/mz3waf/remove_sell_limits/) + +[https://www.reddit.com/r/GME2\_0/comments/mz44iw/get\_rid\_of\_your\_sell\_limits\_set\_alerts/](https://www.reddit.com/r/GME2_0/comments/mz44iw/get_rid_of_your_sell_limits_set_alerts/) + +[https://www.reddit.com/r/GMEGME/comments/mz3vtk/remove\_your\_limit\_sells/](https://www.reddit.com/r/GMEGME/comments/mz3vtk/remove_your_limit_sells/) + +[https://www.reddit.com/r/GME2\_0/comments/mz3vfq/get\_rid\_of\_your\_limit\_sells/](https://www.reddit.com/r/GME2_0/comments/mz3vfq/get_rid_of_your_limit_sells/) + +[https://www.reddit.com/r/Gamestopstock/comments/mz3uv4/please/](https://www.reddit.com/r/Gamestopstock/comments/mz3uv4/please/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +/r/GME has already [banned the original hedgie shill post](https://www.reddit.com/r/GME/comments/mz3jte/thought_you_should_read/). + +Tagging the mods here to look into it \~ [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) , [u/Hieronymus1\_1](https://www.reddit.com/user/Hieronymus1_1/) , [u/TomatoeHaven](https://www.reddit.com/user/TomatoeHaven/) + +&#x200B; +I took out six federal loans and one private loan while in school. My private loan had a 9% floating interest rate on $5,000 (Lol Sallie Mae). I tackled this loan first in the first 6 months of student debt pay off, using the entire paycheck I made from my on-campus job (I think I made $10.50 an hour). + +I found a full time job January 2015 during my last semester of school. I worked 40 hours a week while taking 18 credits, and received paychecks in accordance to the $50,000 before taxes. I also put 10% of gross pay towards a 401(k). My living expenses per month were <$800. I had a roommate, limited groceries to $150, paid for my phone and Internet and did not have a car (public transportation, which my company reimburses). I allocated $50 to other necessities (hygiene products, cleaning products, the occasional meal out, etc) however this money was rarely used. By this point in time I hadn't bought clothes in 3 years (other than a couple of shirts and 1 pair of pants for work [bought at H&M]). I also hadn't had a haircut in 3 years (I'm a woman, I can get mildly get away with this :) ), taken any trips that I paid for (there was a study abroad, but it was all paid for with scholarships), or done anything else that would increase expenditure. For some this might be miserable, for me, I knew paying off my debt in less than 2 years would make it worth it. + +A couple of unpredictable situations came up as they usually do. I moved to an apartment where I live alone and away from public transportation, so I had to get a car [2003 Sonata, $2.5k on Craigslist]. Even with these new expenses, I still kept my monthly expenses (both fixed and flexible) <$1,500. + +The occasional "treat" did sprinkle its way in (even I had to stay sane), but again, I always kept my eye on the prize of student loan pay off. + +I also took a weighted risk, I didn't save a ton of money for an emergency fund [which as someone on their own with no family support isn't a very intelligent thing to do] and I also did not invest other than my 401(k). The emergency fund, I just happened to get lucky. Nothing occurred that I couldn't pay for by either lowering a payment or pulling it out of my checking account. As for investing, a year lost on interest is something I can easily make up now that my student loans are paid off. + +What I did was risky, to not have that emergency fund, lucky, to have a well paying job, and at times miserable, to live so below my means that sometimes I doubted my methodology. When I made that final loan payment, I couldn't have been happier that with hard work and self-discipline my debt was finally gone. + +If this post is a little sporadic, my apologies.I always liked reading these posts when I was in school/freaking out about repayment. + +Edit-- The point was to live frugally while in school and in loan repayment. My future finances have allotments for the things I enjoy along with building a strong emergency fund (12 months living expenses) and investments. +TLDR: Started bringing lunch to work and lost weight. + +One month ago I discovered the FIRE Movement. As part of my 'reducing expenses" phase, I started bringing my lunch to work and eating out less often. I knew this would save me some money, but I didn't realize that it would also save me calories. My homemade lunches turn out to have less calories than the burritos or Subway sandwiches (foot long always) that I bought at lunch. In one month, I've lost 6 lbs. I wasn't overweight at all, but could lose about 10-12 lbs. So, unless I have some disease that coincidentally caused weight loss at the same time (work stress causes me to worry I have deadly diseases), I haven't changed anything else in my exercise or diet. Just making more homemade meals. + +Has anyone else experienced this great side benefit? +I’m pretty young, but I have a stable 9-5 job and I’ve saved up a solid emergency fund, so I’m looking to invest my money to grow my wealth and set myself up well for the future. I don’t personally know anyone that’s very stock savvy so I was wondering if any of you have suggestions on what materials I should study to teach myself about investing! I’m open to all options! Books, podcasts, YouTube series, online class etc. + +Thank you! +Copied and translated through deepl from German🇩🇪 sub r/Spielstopp ; original post by u/LNhamburg + +-- +**From yesterday:** +XETRA: 2nd time in a row an unconventional trade. Again 324,106 shares in the block. 🐵🙊 + +I check my broker daily for GME stock movements on the German exchanges. Trades like this have never occurred so far. Yesterday the first time, today again. Again 324,106 shares. + +What's happening on XETRA? + +Screenshot from yesterday: + +&#x200B; + +[17.05.2021 XETRA Times & Sales](https://preview.redd.it/xfka8l18vxz61.png?width=966&format=png&auto=webp&s=b445f174f3ed955dff838c80c0cb9a56921e598f) + +I noticed this in the overview of exchanges at my broker. XETRA is out of line. Normally the numbers from XETRA are similar to Tradegate from the trading volume. + +&#x200B; + +[18.05.2021 Übersicht Börsenplätze](https://preview.redd.it/7lo2h04hvxz61.png?width=816&format=png&auto=webp&s=f74c01deab927985e92f83b647e7546ff85f8de1) + +In the Times & Sales overview of my broker this volume is not included and the order is not displayed. + +&#x200B; + +[18.05.2021 Times & Sales Übersicht Broker](https://preview.redd.it/ghv7f9z3wxz61.png?width=816&format=png&auto=webp&s=69cdcb64fe428e6d1e75bc1cf084d47fd23c3b4c) + +On the website of [Boerse.de](https://Boerse.de) the booking is displayed in the Times & Sales. + +[https://www.boerse.de/times-and-sales/GameStop/US36467W1099\_boerse,6%7Cpage,12,number,20](https://www.boerse.de/times-and-sales/GameStop/US36467W1099_boerse,6%7Cseite,12,anzahl,20) + +&#x200B; + +[18.05.2021 Times & Sales von Boerse.de](https://preview.redd.it/pqafmh0hwxz61.png?width=960&format=png&auto=webp&s=12f9f2deedcee6659be07078f11c33fa6876ee6f) + +The price went up to 142.75 after this posting, but the follow up posting was back at the 142.00 price. + +Does anyone know what they are doing? + +**From today:** +Whatever this is, it is now showing up for the 3rd day in a row. 324,106 shares each time. + +[19.05.2021 XETRA Time & Sales](https://preview.redd.it/piawbfe9u4071.png?width=951&format=png&auto=webp&s=06b698248aa9c6b829c96361958977093d663ae0) + +EDIT: Usual daily Volume has been around 10-50k so those chunks are about 10x the usual amount + +EDIT 2: [Historical 4 Week XETRA data ](https://preview.redd.it/45733l7lj8071.png?width=834&format=png&auto=webp&s=41a8e0321891f5c68704d410ac49e1bf93ccab24) +It seems that every economic news website will post articles about "staying away" from falling stocks citing a "shift away from growth stocks", but then as they go up again post articles about how, nevermind, Wall Street loves growth stocks, it's a great buy. Like there's no actual content. + +Or have 3 headlines about the IMPENDING DOOM from the job report Friday and how a recession is BOUND to happen, and then post an article Friday how we have the lowest employment ever and that's why the stocks rallied today. + +What news sites have ACTUAL content, analysis, informed predictions about our market? It seems even bigger sites like WSJ and Bloomberg are becoming just garbage clickbait content. +It makes me smile every time I think it. + +One Christmas, my son and dil were pretty broke. They still managed to give me a very nice figurine and a couple of books. Their oldest son, who was 4 or 5 years old at the time, was very excited about giving me my gifts. + +He asked me, “Do you know where we got them?” + +I responded, “No, where?” + +He spread his arms wide and exclaimed, “The ‘ard sale!!!” + +“The yard sale!” said I. + +“Yah!!!”said he. + +I exclaimed, “That’s my favorite store! How did you know?!?!?” + +I looked at my dil, she was bright red with embarrassment. She looked at my son, who just shrugged and said, “That’s my mom.” + +I was just happy they saw something pretty and thought of me. I don’t care where they get it. Maybe because I’ve been poor all my life, yard sales are a favorite “department store.” +So I keep seeing lots of doom and gloom surrounding the current market environment. Many people saying a 90% crash is imminent or something similar. Was there discussion like this surrounding previous crashes? I am a relatively new investor and do not understand if this is normal or not. +People are telling me this is stupid but if GME starts plummeting, which I believe it will this week, the premiums for 2/12 $50 puts could go higher than 15. I believe GME will drop because while short interest is likely still over 100%, these shorts got in on top and they can hold out much longer than the people shorting at $10. MMs have already covered their calls which is why there was no gamma squeeze on Friday. There's just not enough upwards buying pressure. Put/Call open interest ratio was 4x on thursday and almost **7x** as of friday, it's accelerating like crazy + +&#x200B; + +However I don't see this stock dipping below $50 in 2 weeks and even if it did, with a premium of 15, GME would need to drop to $35 for me to lose money. Obviously if GME starts dropping after I sell the put I'll be stuck until it expires, but I don't see how this is super risky. A 30%+ return in 2 weeks is good by theta gang standard no? +The problem in an nutshell: + +Somehow a hacker got hold of my Google account password, and used the debit card I have saved as a payment method on Google Play to download and subscribe to an obviously fake app I have never used to a device I don't own, to charge $199.99 to my account. The hacker then submitted a fake review on the app in my name, and put a filter in my Gmail account to prevent me automatically getting the purchase notification from Google Play (which was, when I found it, all in Russian!). I submitted an Unauthorised Payment claim with google which was eventually rejected because they say they "cannot verify" it, despite not once asking me for more information! + +[I have also submitted a longer post with more details and all the steps I have taken on the Google Support forum: (And if anyone wants to visit and upvote the problem to help encourage a hasty resolution, that would be awesome, BTW...)](https://support.google.com/googleplay/thread/77766813?hl=en) + +I have contacted my bank, but they say that though they will look into it to see if they CAN help, this is something I need to deal with Google directly about. + +What further legal steps can I take to resolve this, and get my money back from Google that was stolen from me using their systems? + +Any and all help and advice appreciated. + +Edit: I am in New Zealand, by the way - in case that helps at all. +My brother in law put our names in the "lottery" for a land release somewhere in Southwest Sydney (an area we are familiar with). Out of all the names he'd put in, I got the pick and had to act very quickly to secure the land. I got congratulated and paid the $2000 holding deposit. I had been thinking about investing some money out of my equity and this opportunity seemed timely (thinking to just hold the property with the 10% paid; up until the land registration which is usually a year or so away. ) + +After a while though, as I was preparing the finances, my brother in law says that he wants to go halves with me on the property. I don't like the idea of this because this mixes business with family. On one hand, I think it's fair of him to ask for this. On the other hand, I'm disappointed he wasn't clear on what he wanted to do. Assuming that holding the property is a financially sound decision, what's the etiquette here? Part of me wants to just hand over the deed to him and walk away. But I almost don't feel like walking out of the deal that feels like fell on my lap... +I would think it can be harder to meet people or socialize with old friends because of the new lifestyle? Maybe struggles finding a new purpose of life could also creep in? +It almost feels like there's groups that target this subreddit specifically, they'll load up, post their pick here and then collectively upvote each others comments and downvote others who either have some criticism or post other altcoins. They'll leave convincing comments that they just picked up a bag + +Now more than ever is "DYOR" important, cause you could be persuaded a coin is the next moonshot pick just because it seems like there's a handful of people who agree - only invest what feels comfortable and practical to you + +👍 +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + Welcome + To + PIKA CRYPTO + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + +PIKA is a community driven token on the ERC-20 Network. $PIKA has a unique ecosystem known as 'GAME-Fi'. The aim is to revolutionize the 'Meme Coin' market. With 3 UNIQUE COINS you can EVOLVE $PIKA, into $THUNDER & $RAI. Including NFTs, BOOSTER PACKS, EVOLUTIONARY STAKING, DEFLATIONARY TOKENOMICS & MUCH MORE 🔥 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $PIKA TOKENOMICS + +💰 SUPPLY : 50,000,000,000,000 +👑 CIRCULATION: 43,101,152,454,923 +🙋‍♂️ HOLDERS : 5000+ +💵 LIQUIDITY: USD 1,150,000+ +📛 2.25% - Total Tax +✅ 1.5% To Liquidity Pool +👨‍💼 0.3% To Team wallet +🔥 0.25% is Burned +🌠 0.125% To Charity Wallet +🎫 0.075% Added Back to LP + + ⚡️$PIKA CONTRACT⚡️ + +0xa682ee16b497afceedf47e4820fc2af3845fd2d2 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $THUNDER TOKENOMICS + +✊Second Evolution ($PIKA -> $THUN) +📊 RATE : 10,000 : 1 +💰 SUPPLY : 213,434,715 +👑 CIRCULATION: 213,434,715 +🙋‍♂️ HOLDERS : 1000+ +💵 LIQUIDITY: USD 461,000.00 +📛 2.25% - Total Tax + + 🌩 $THUNDER CONTRACT 🌩 + +0x43a89815f33747edbecc588d6bb7e1c10dda5599 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $RAI TOKENOMICS +✊Third Evolution ($THUN -> $RAI) +📊 RATE : 1000 : 1 +🙋‍♂️ HOLDERS : 1300+ +💵 LIQUIDITY: USD 270,000,000 +📛 3% - Total Tax + + 📈 $RAI CONTRACT 📈 +0x4c9bbfc1fbd93dfb509e718400978fbeedf590e9 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + +There will be an AMA today on Youtube @3PM UTC + +Link: https://www.youtube.com/c/PikaCrypto + +📢 Telegram: https://t.me/pikatokenofficial + +🌐 Website: https://pikacrypto.com/ + +🐦 Twitter: https://twitter.com/PikaCrypto_ + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— +Dear smart UKPFers, + +I am lost and I need some guidance.... + +Sorry this is going to be a rather long post from a total noob. + +Please be nice and kind to me. 🥲 + +It's been almost 2 years now since I started my LTD in London (creative agency) and I feel like I still have no clue when it comes to doing my accounting and everything finance related. + +Honestly want to get my head around all of this because whenever my accounts are due I feel extremely anxious and overwhelmed because every time I have to kind of start from scratch. I do not have a proper system in place. I cannot exactly remember how I have done it the year before and I do NOT do any accounting on a regular basis like each month or so. + +I appreciate any pointers or resources I can read through or watch to finally get better at this! + +**Here's my messy situation:** + +* Registered as soletrader in 2018 when I started doing freelance work +* Incorporated Limited Company (LTD) in Dec 2020 (creative agency) +* Obviously a very small fish and make around £35,000 annually (both LTD and soletrader combined) +* Left the UK in June 2021 and now I live overseas +* Have no employees and only work with a couple of contractors who send me invoices for the work they do for my clients on behalf of my agency +* I have a couple of monthly retainer clients +* Always trying to land new gigs via Fiverr and Upwork (that's a story for another post...) + +I was told to use an accountant from the start of my LTD journey and I did so, but now I am paying my accountants £150 each month (They have 40+ employees). + +However, I literally have no clue what they are actually doing. Other than sending me reminders to prepare my accounts for each period so that they can prepare the statutory accounts. + +And also reminding me prior to prepare everything for self assessment end of January. + +I feel like I am too small of a fish for them to really care about me and provide me with any guidance. + +Am I maybe asking for too much? + +Well... to be fair I rarely ask questions. + +My situation is actually not that complicated (I guess), right? + +Any people here who are in a similar situation and have figured it out? + +What kind of questions can I ask my accountants? + +What are they actually supposed to do other than preparing the statutory accounts once a year? + +Thank you all so much for reading all of this rambling and I would be even more grateful to get some help. +Hi WSB, I've seen a lot of people talking about gamma squeezes recently, but I haven't seen anyone explain the math correctly. In fact, even the recent [Forbes article](https://www.forbes.com/sites/georgecalhoun/2021/03/05/gamestopgamestonk-has-nothing-to-do-with-the-madness-of-crowds/) got the concept wrong. So I figured I'd sit down this fine Saturday morning and put together a post on the actual mathematics of a gamma squeeze. I'll talk about options concepts such as the Greeks, but I won't go into so much detail that you'd need to understand the [Black-Scholes](https://en.wikipedia.org/wiki/Black%E2%80%93Scholes_model) equation or anything. + +&#x200B; + +**Market makers** + +The first thing you need to understand is who is on the other side of your trade when you buy a call option. Typically, this is *not* some other trader or hedge fund that wants to inverse your bet. Instead, the counter-party is what we call a [market maker](https://www.investopedia.com/terms/m/marketmaker.asp). Market makers profit from providing liquidity to markets, *not* from taking directional positions. In practice, what this means is that market makers charge you a slight premium, and then position themselves so that no matter what happens, their premium is preserved. This positioning is called hedging. + +&#x200B; + +**How market makers hedge call options** + +There are infinite ways that market makers could theoretically hedge against the calls they sell. However, by far the simplest and most prevalent way is to buy some amount of shares of the underlying stock. Remember that 1 options contract = 100 actual options. + +***However, here's the part I think a lot of you are misunderstanding: market makers do not buy 100 shares of the underlying for every option contract they sell you. This would not be a hedged position! This would be equivalent to the market maker having a covered call on the stock, which is a bullish/neutral strategy, and will lose money if the underlying declines!*** + +The last thing a market maker would ever want to do is take a bullish position on the meme stocks that they are selling you options on. So how do market makers actually hedge? + +To understand how market makers *actually* hedge, first you need to understand two options concepts, delta and gamma. + +**Delta** + +The *delta* of an option represents how much the option would increase if the underlying increased by $1. So a delta of 0.3 means that for every $1 the underlying stock moves up, the option will go up by 30 cents. Remember that the initial price of the call option is much less than the stock, so that 30 cent increase is a much higher % increase than the corresponding increase in the stock. + +As an example, you may have paid $10 for a call option with a $100 strike on a stock that is currently trading for $50. If the delta on this option is 0.5, then if the stock moves to $51 dollars, the option will be worth \~$10.50. So, the stock moves up 2%, and the option moves up 5%. + +A key thing to know about delta is that it is not constant. It varies based on the changes in price of the underlying stock. In fact, as you can see in the chart below, delta is lowest for deep out-of-the-money calls, and highest for deep in-the-money calls. + +&#x200B; + +[Delta as a function of strike price \(the strike here is $300\)](https://preview.redd.it/fds5k58a6gl61.png?width=242&format=png&auto=webp&s=b5e2d94357b54a0057aadc2e890ee1dccf26924c) + +Without going into too much technical detail as to why, just note that this makes intuitive sense. If a stock is worth $100 and you have an option to buy it for a strike of $1 (deep deep deep in-the-money), then that option should be worth \~$99 and basically move exactly in tandem with the stock (i.e., have a delta \~1). Whereas, if you have an option you paid $1 for, which gives you the right to buy that same stock for a strike of $1,000, delta has to be very low. Otherwise (say delta was 1), every small 1% change in the stock would cause your option's price to double. + +**Gamma** + +*Gamma* is closely related to delta. Gamma represents how much the delta changes as the underlying stock moves up or down. So, in the chart above, gamma is the slope of the curve (In fact, if you know calculus, the simplest explanation of delta and gamma is that delta is the first derivative of the option price with respect to the price of the underlying stock, and gamma is the second derivative). + +While delta is highest when calls are deep in-the-money, gamma is actually highest when calls are exactly at-the-money. You can see this by noticing that the slope of the curve in the graph above is steepest at exactly the strike price ($300). This slope is gamma. + +The graph below shows this even more clearly. The red line is delta, and the blue line is gamma. + +&#x200B; + +[Plots of delta and gamma for a call option with a $25 strike price](https://preview.redd.it/bbvos2md8gl61.png?width=670&format=png&auto=webp&s=b21bdf2bd9d662d2347e84175b69c211c23ee785) + +**Delta-neutral strategies** + +Ok, now we're ready to understand how market makers hedge. Market makers employ [delta-neutral](https://www.investopedia.com/terms/d/deltaneutral.asp) strategies. This means that their overall position will have a delta of zero with respect to the stock price (a stock always has a delta of 1 with respect to itself of course). So how do they do this? + +They do this by selling you a call option, and then buying just enough shares to maintain a delta-neutral position. They then constantly adjust their position, buying or selling more shares as the delta of the option increases or decreases. They can do this because they are large institutions who can trade quickly with little cost. + +The best way to understand this is with an example: + +$GME is currently trading at \~$137. You buy the Mar 19 2021 $150 call option, which is currently trading for $26.73 and has these greeks: + +&#x200B; + +[GME Mar 19 2021 $150c](https://preview.redd.it/3p5vr652agl61.png?width=696&format=png&auto=webp&s=6eefca1ecde4ae4c76f5d4c870212b5b48c3402e) + +A market maker takes the other side of this trade. When they sell you the option, they now have a delta of -0.498 for each option, and since options contracts trade in groups of 100, their overall delta is -49.8. Let's call is -50 for simplicity. + +In order to be delta-neutral, they need to balance this position with securities that have a delta of 50 with respect to GME. The simplest way to do this is buy shares. Each share of GME has a delta of 1 with respect to GME. So the market maker buys 50 shares of GME. Now their overall position is this: + +*Position = 50 x (GME shares) - 1 x (GME Mar 19 $150c options contract)* + +and their overall delta is *-50 + 50 = 0* + +There are two important things to note about this: + +(1) The market maker wasn't forced to buy 100 shares of GME, like I've seen many users on here claim. Instead, they will only buy 50 shares. + +(2) Your trade cost you *$26.73 x 100 = $2,673,* and caused the market maker to buy *$137 \* 50 = $6,850* worth of GME shares. This is approximately 2.5x leverage. + +**Market maker repositioning** + +Remember that, as the stock price moves up or down, the delta of the option that the market maker sold you changes. The market maker wants to maintain a delta-neutral position, so they will rebalance their position by buying or selling shares. + +Let's continue with the example above, and assume that GME has gone up $2 and now trades at $139. According to the greeks in the table above, the new delta of the option will be approximately *0.498 + 2 x 0.0077 = 0.5134.* Remember that there are 100 options in a contract, so the delta of the contract is now *51.34*. If the market maker maintains their initial position of 50 GME shares, they will end up with a delta of *-1.34* with respect to GME. To avoid this, they need to purchase 1.34 shares of GME. + +Market makers will thus constantly adjust the number of shares they are holding in order to maintain delta-neutral positions. They incur some cost doing this, because the more volatile the stock is, the less quickly and efficiently the market makers can hedge. But they still make money overall, because they've charged you a premium for the option that takes this into account. This is why they charge you a higher premium for volatile stocks. + +**Gamma squeezes** + +Now we are finally in a position to discuss gamma squeezes. Now that you understand how market makers hedge, the rest is very simple. As the underlying stock goes up, market makers that have sold you call options will buy more stock in order to maintain a delta-neutral position. The amount of stock they have to buy is proportional to how much the delta of the options changes, which is just gamma. And gamma is at its highest when options contracts are at-the-money. + +And so, when there are a ton of call options on a stock, price increases in the stock cause market makers to buy even more of the stock, and the rate of buying is highest when the option contract is at-the-money. *This is the gamma squeeze.* + +Notice that the inverse is also true; when the stock price decreases, the delta of the options decreases, and market makers sell stock in order to maintain delta-neutrality. + +**Epilogue: a note on leverage** + +Now you understand gamma squeezes and how market makers hedge. You can actually use this information to determine exactly how much share buying you are causing when you buy a call option. Using this and the option price, we can actually calculate how much purchasing leverage you have when buying an option. + +The formula is this: + +*Purchasing leverage = (delta \* (stock price)) / (options price)* + +For example: + +&#x200B; + +*Options contract 1: Deep in-the-money* + +*March 19 2021 40c: $101 price, 1.0 delta* + +*Purchasing leverage = (1 \* 137) / 101 = 1.36* + +&#x200B; + +*Options contract 2: Deep out-of-the-money* + +*March 19 2021 300c: $8.15 price, 0.0283 delta* + +*Purchasing leverage = (0.0283 \* 137) / 8.15 = 0.475* + +&#x200B; + +As you can see, some deep deep out-of-the-money options are currently selling at such a high price that some of them actually have purchasing leverage of less than 1x. This is really unusual, but shows how volatile GME is. However, options that are closer to the strike price but still out-of-the-money still have high leverage, like the $150 March 19th options with 2.5x leverage. I haven't calculated which options have the highest purchasing power leverage since that's a lot of number crunching for a Saturday morning (but maybe someone in the comments can?) + +Anyway, do with this information what you will WSB. Godspeed + +*\*Disclosure: this is not investment advice. Also, hell fucking yeah I've got call options on GME.\** +I really believe in this and I wish you all the best of luck with the belief that you won't need it. Never been a large holder, I was able to buy a few around $45 but had to pull from it throughout its rise to pay for some medical bills I had piling up. I was hoping to be able to go back to college with this but I am happy with what I was able to get which is more than what so so many others have received. I am eternally grateful for this subreddit's help and wisdom. + +I wanted to say goodbye, I may be back in the future but judging from how things look now I highly doubt it will be anytime soon. Again, I hope every one of you guys' dreams for this comes true. You all deserve it. + +Anything past this point is just how I got fired, it's a pretty interesting story if I do say so myself but it holds no importance or relevance to this subreddit. + +I worked as a manager at McDonald's - been there for about 4 years. Always been a model employee helping the store to meet and surpass its goals. About a month ago they forcibly transferred me to another store who was in dire need of managers because they recently had 4 quit. I tried to get out of it but it wasn't really my choice - I agreed to be transferred wherever they see fit upon promotion. + +Last week my store manager changed my schedule without letting me know so obviously I had no idea I had to work. The morning after my shift that I missed my boss texted me telling me not to come in and that this shift was covered then the next day fired me through a text message. Had a meeting with her boss and tried explaining the situation to him, even had the original schedule to show that she did in fact change it. He didn't particularly care and fired me on the spot and upon leaving he decided to blow up on me calling me a "faggot" and that my flamboyancy was disrupting the customers. (I am openly gay but in no way flamboyant.) Sadly..this is perfectly legal where I live. + +So again, goodbye everyone. I wish you all the best! + +**Edit**: Well, I'm off to bed. Thank you all for the support and the advice, I have a few appointments set for meetings with a couple lawyers (both associated with the ACLU) over the course of the next two weeks. If anyone is interested in updates I will edit this post in the future should anything major happens +Craig Wright's fraud continues. Yesterday, he [submitted into evidence](https://www.scribd.com/document/406503654/Fake-email-from-Dave-to-Uyen) an email he says was from Dave Kleiman to Uyen Nguyen asking her to be a director of his 'bitcoin company' in **late 2012**. + +It is provably fake. + +**Craig didn't realize that the email's PGP signature includes a signing timestamp along with the ID of the key used as metadata.** Was the email actually sent **in 2012**? Let's find out! + +The beginning of the signature is as follows: iQEcBAEBAgAGBQJTH+uQAAoJELiFsXrEW+0bCacH/3K + +Converted to hex, it's: 89 01 1c 04 01 01 02 00 06 05 02 *53 1f eb 90* 00 0a 09 10 **b8 85 b1 7a c4 5b ed 1b** 09 a7 07 ff 72 + +We [know](https://tools.ietf.org/html/rfc4880) how to find the long ID of the key used and the timestamp of the signature. I've bolded the ID and italicized the timestamp. Looking on the MIT keyserver, we can [find the fake* key](https://i.imgur.com/5ooGihN.png). **The timestamp of the signature is 1394600848, which is March 12, 2014, two weeks before Craig filed to install Uyen as a director of Dave's old company, and almost a year after Dave died!** + +We can double-check with `gpg -vv`. Transcribe the email and paste it in. Here's the output: + + + :signature packet: algo 1, keyid B885B17AC45BED1B + version 4, created 1394600848, md5len 0, sigclass 0x01 + digest algo 2, begin of digest 09 a7 + hashed subpkt 2 len 4 (sig created 2014-03-12) + subpkt 16 len 8 (issuer key ID B885B17AC45BED1B) + +(I'll note, as an aside, that Dave apparently spelled his name incorrectly and put a typo in the subject.) + +*The fake key has the same pref-hash-algos as Craig's fake keys, and were never updated. +Hi everyone, + +I've created a strategy in python. Now my question is how can I deploy this strategy via a broker so that everything (buy or sell) happens automatically. + +I'm using AWS to manage my cloud infrastructure. + +Kindly help. + +Thank you! + +Edit: + +Is there a specific way to go about this? +Will a broker's API do the job or should I look for something complex yet reliable like exporting the strategy in some format? +I'm 39M London, UK based, came to the UK in my early 20s for studies. I come from a well off family in SoEurope with a few properties, but nothing extreme; you could live in my country of origin from that income but would have a very basic life. + +Studied CS and worked for peanuts for a few years around London (didn't know any better) until I changed to a niche management consulting career and became a contractor the last 5 years. I bought a 1m flat in London (mortgage), and I've inherited 2 properties that gross around £50k pa each valued around £400k. I was grossing £200k pa from my contract, until I've got another client on who gives me another £120k pa more or less. My spouse and I live relatively frugally, meaning that we don't cheap put on things we need, but don't buy things we don't need, and can get by with basic things whenever we can. + +So all in all, I'm not super wealthy, but doing much better that the average Joe in London, but I don't see fatFIRE anywhere in the horizon. It just seems like an endless grind in jobs that I can't say I love and I find them mundane, but can do them easily and well, because of my experience and attitude. + +It feels like I'm doing something wrong, and even with a good basis of income and assets, it's not enough to keep increasing my NW (or rather I do but very very slowlly) Apologies if this isn't a relative question to the sub, I thought I might get some decent answers though from the collective experience. +With 2021 coming to a close I thought it would be fun, and probably cathartic, to post your portfolio’s biggest winner and loser and maybe the lesson learned or thesis you got right/wrong (or could be pure luck). Good to learn from others. Assumes no market meltdown in the next week (knock on wood). +I've been looking at $INTC for a while now, and think that they may have some moat and a couple of catalysts in the medium term: the foundry business and new management, solid revenue growth. But I can't really figure if they're cheap enough to buy at a margin of safety. (I'm pretty new to investing so I kinda lack valuation knowledge enough to trust my own valuations) +Hey everyone, + +I recently bumped into the ad with Snoop Dogg and Martha Stewart for the BIC lighters ("Great for candles... and so much more"). We all know BIC, they make those pens, razors and lighters. I dug up some 10k's and such and found that the company is actually rather cheaply valued. They have had years of stagnant revenue but their cash flow has always been solid due to good (but not great) solid margins ranging from about 20 to 50 percent depending on product. This is one of those cases that if they make even a half decent turnaround their stock price and dividends will bless investors with good, outsized returns. + +I believe BIC has a place in nearly every imaginable environment and I think the supplies they deal in are very resilient to a lot of factors. However, I have some concerns. + +\- Obviously during the pandemic office supplies were in lower demand. However, now that everyone is working from home (and, if the trend is any indication, this will likely not return to pre-pandemic levels any time soon) their pen sales will remain depressed for a while. I and people I know don't get a budget for buying office supplies to use at home so I personally won't be shelling out extra cash just to get BIC pens. + +\- They deal in what are essentially "throwaway" products. As the worlds is moving towards a sustainable, less wasteful society, I believe over the long run this will be an additional challenge for BIC. + +On the plus side, they've made some solid acquisitions and you're getting a lot of company and cash flow for your money. The stock has already rallied 40% from it's lows in october 2020, but I believe more upside may be on the horizon. + +Any thoughts? + +Kind regards :) +Hello investing community, + +&#x200B; + +I was recently researching whether there are any studies discussing whether there is something like an “optimal portfolio size.” What’s striking is that apparently there is not THE right way to do it as the number of stocks in the portfolios of the world’s best investors differs quite significantly. Charlie Munger, for instance, is quite vocal about owning just 3 stocks and feeling super comfortable with that. + +&#x200B; + +So based on my research, I decided to do a video on this subject and truly believe that many of you – especially newer investors – will benefit from watching it. The big takeaways are: + +&#x200B; + +1. Diversification seems to reduce portfolio volatility more than it reduces portfolio risk +2. All studies illustrated how quickly most of the benefits of diversification can be achieved (around 12-18 stocks is more than sufficient) – I think if you carefully choose your investments, do your due diligence and pay attention to the price, even fewer stocks can be more than enough! +3. Quality matters! Do not substitute diversification for analysis and your own judgment. A diversified portfolio of overpriced stocks is much more risky than a portfolio of three compounding machines purchased at a great price. +4. Diversification may preserve wealth but concentration builds wealth. + +Now I am curious what you think about this subject. How many stocks do you have in your portfolio? And why? Let’s discuss whether there is something like an optimal portfolio size. I would love to hear your thoughts and of course also some critical voices. + +I’ll also add a link to the video. I hope it doesn’t come across as spammy - as I said, I think I can truly provide value here: [https://www.youtube.com/watch?v=vD\_JKnf7dwM&feature=youtu.be](https://www.youtube.com/watch?v=vD_JKnf7dwM&feature=youtu.be) + + +Have a good day + +René +Every time SA is brought up, people are quick to discard the book’s perspective and findings by saying it is “outdated and non-applicable to the current era”. + +Would SA become more relevant in a (long term or short term) bear market? Why or why not? +I've been combing through a number of micro-cap stocks lately and one thing that I find shocking (on a ratio basis) is the executive compensation at a lot of these firms. I've found examples of companies in the 50-100M market cap range that are paying their executives 10M each year. In other cases I find companies that would have turned a reasonable and healthy profit, but for the fact that they paid out so much of their revenue in executive salaries. + +I cannot justify it. How can a company pay out 10% of their market cap each year in executive salary? Why do investors stand for this? + +Do the micro cap investors here have any thoughts on the phenomenon? +I own some shares of Tencent (TCEHY), but I’ve noticed some people prefer to buy shares of a company called Prosus. Prosus apparently is a cheaper way to own Tencent, but I don’t quite understand the whole situation. Does anyone have good articles or interviews about Prosus that I could check before I put my money in something I don’t understand? +Say I found my undervalued stock with 50% margin of safety. + +I invest in it and ideally sit on it and wait until the market catches up with what should be the fair value of the shares. + +A key lesson to all investors is to ignore noise and make decisions based on facts and knowledge of the company. + +So I'm interested in knowing under what circumstances would you review this investment and how often? +I was wondering who in the investment world also worked a job that helped give them a good understanding of their economy/industry? + +I love stonks, and have been been developing a portfolio for 3 years but I only ever have my weekend to research and it gets a bit draining. My current career in health gives me a great insight into the health system but that’s only one egg in a varied basket of industries. + +Thinking of getting a reserve bank job to help be get a broader exposure of the economy as whole. +Help me out, I'm not much of a book reader but my latest read - Good Economics for Hard Times has been a real eye-opener. I want to read more!! I wish to pursue masters in acc/fin and a career in equity research +So my brain has been making this connection recently and I'm trying to understand why. I remember forming the desire to be FI in my teenage years. But before that I remember believing in being good at something as in having a profession. By being confronted with the reality of the world one finds there isn't really anything worth doing other than that which leads to acquiring wealth and subsequently more freedom. In my case I especially don't have a desire of being wealthy but simply of not having to deal with work that I find meaningless. I guess maybe for people like doctors or scientists there is more meaning in what they do. I feel like choosing to become independently wealthy is downright nihilistic because on the deep level it says there is nothing worth doing in this world so I might as well live off my remaining time more comfortably. + +Don't get me wrong, I love the idea of FI and I'm working towards achieving it for myself but I can't help but feeling like I'd trade it off for a job worth doing. + +EDIT: I might be a little messed up in the head. But I see how most agree that the important things in life aren't valued by society so we have to retreat into our little asinine corporate cubicle gigs which later accumulate into our FI nesteggs, which just equals to other people doing those asinine gigs for us, so then we can finally larp out our fantasies about how we think life should be. + +To me, FI is admitting the system is broken, but instead trying to rebuild it, we're just buying ourselves a share in that system so we can get that sweet free ride. + +**Edit June 8, 6:30PM**: Some great potential tomorrow. I’m hopeful for a move [like this, calling back to Feb. ](https://imgur.com/gallery/P1w2YS7) + +— + +On Friday we learned that ATOS is now included in the r2k and today we just learned that there’s imminent phase 2 data on [Wednesday](https://atossatherapeutics.com/atossa-therapeutics-to-release-final-data-from-phase-2-study-of-endoxifen-administered-to-breast-cancer-patients-prior-to-surgery-at-a-webinar-at-8-am-pacific-time-on-june-9-2021/). + +Let me break it down. + +**R2K inclusion**: institutions will buy 15mil-30mil shares between today and June 25th (that’s 15%-25% of float). I’ve been hearing incorrectly that it all happens on the 25th. It does not. Many banks and big players purchase the shares to flip to the fund heads on the 25th and after. + +**Phase 2 data**: critical data. Positive prelim data in Feb sent the stock soaring 92%. + +**Shorts**: boob hating shorts have this shorted by 15mil shares. + +What does this all mean? Well, the stocks up 18% so far today and we’ve got a ways to run. I’m letting loose my calls gradually @ 10. Aiming for share exit @ 20. + +I’m loaded in calls. 6c, 7c, 8c, 9c. June. +Used all I could gather to pay 1/3 of my rent and make a deal to save myseld from being homeless. But now I am exhausted and out of money so considering having dinner with my last coffee and sugar. Cheers! +P.s. bad feeling aside I'm still working tonight online to get something next week and to have my rent in few weeks. Not giving up, just hate how long it takes me to get put of poverty. BUT, I have felt worse about it though. +Please share your struggle stories so I feel less alone! +I wanted to share this link below: + +[https://ig.ft.com/sites/numbers/economies/us/](https://ig.ft.com/sites/numbers/economies/us/) + +Reading all of these indicators, the US economy is healthy, strong, prospering, pick your term. + +The stock market is not an indicator of the economy. Keep that in mind. +Yesterday's WSJ article caused USD to fall vs other currencies. + +Japan declined to confirm / deny if they intervened in USDJPY. + +Fed entered quiet period and early November with NFP, Midterms, CPI and FOMC could cause lots of volatility. + +I am looking at the trendline in EUR/USD. It seems to be important for markets and will hold clues to further USD strength or weakness. + +Link to EUR/USD chart: + +https://www.tradingview.com/x/t4p4Mfll/ +Now I can have a place to save my money without worrying to spend it asap before it drops 5% next morning. + +Merry Christmas, to all of you. +Wash your satoshi-staking hands. + + +Edit: Thanks to all of you who are offering satoshis on DM, but I would not feel 100% alright accepting them (I prefer to work for them). As long as I have got my family, a hot meal and internet access I will be okey. God Bless you. +Comes with the job but is not something anyone in the company really admits, I don't know if they just dont want everyone doing it or what. Anyways I'm only 22 and have just been pumping it into my vanguard 401k instead. Should I make the switch over to the stocks? I've never done it so if I should just pull my head out of my ass and do it then I guess I will. Are B stocks worth it? I've always viewed stocks as a gamble so it makes me nervous as I do not like gambling. +Right before the pandemic, I finally started to pay attention of my family's finances at age 50. I started off the year strong and was incredibly motivated once the pandemic started. + +In 9 months, I have... + +* A healthy emergency fund \[$ for 9 months\] +* A working budget that we pretty much stick to +* Minimal debt and a cheap mortgage and one car payment +* Made up for lost time on my retirement readiness, and +* Substantially reduced our food bill and cut our monthly "subscriptions" (i.e. Netflix, gym, etc.). Meaning, I've freed up a lot of wasteful spending without going full on *Minimalist*. + +Plus I'm employed as is my wife. + +So here's my question: + + +>If you were in my situation, **would you divert some of the wasteful spending I've cut into a second emergency fund?** + +I ask this, because in normal times I wouldn't see a need for one. + +But I'm thinking the play is to put that into high-interest savings account or a small window CD waterfall. + +Thoughts? +First time posting here let me know if this doesn't belong here. + +I (30M) am married and have had our house for coming up on 5 years. We have approximately 130k in equity in our home and have around 88k left to pay off. + +We live in a growing City and are thinking about buying another house to rent out for some passive income. + +My understanding is that if we bought a house with a mortgage it would have a higher interest rate for it being for a rental instead of a primary residence. My thought is to refinance my current home mortgage to get the money then buy the rental outright. Thus keeping my interest rate low and bringing in maybe an extra 10k a year in rent. + +Is this the right idea? Are there any pitfalls I should know about? Should I focus on paying off my current house which could take maybe 5 to 7 years. +EDIT: My argument is very flawed, check the bottom of this post. + +***** + +I came across this thread on Reddit about Roblox and various practices they employ, whilst there was a lot of concerning things, I have some questions about the in game items and marketplace offered by Roblox. + +One of the comments I saw was about Roblox's valuation on the stock market and that got me thinking about what I consider a securities market within Roblox itself. + +I would like to hear your thoughts on this and whether or not you'd think these items to be considered securities. I may have gotten certain things horribly wrong with regards to US law, assumptions made etc, so feel free to call me an idiot if so, but please point out your counterarguments! My post mainly focuses on Roblox, but realistically it could be applied to any game that allows in game items to be resold. + +https://np.reddit.com/r/videos/comments/rfgazz/roblox_pressured_us_to_delete_our_video_so_we_dug/ + +***** + +I know they're only in game items, but I think they could be classified as securities because they can be bought and sold (indirectly) with real money (via robux). + +Now of course I am not a lawyer, and have no clue how any of this works (and how it probably also doesn't apply to many other companies that sell, resellable in-game items) + +##The Howey Test + +> The Howey Test refers to the U.S. Supreme Court case for determining whether a transaction qualifies as an "investment contract," and therefore would be considered a security and subject to disclosure and registration requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934. Under the Howey Test, an investment contract exists if there is an "investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others." + +- https://www.investopedia.com/terms/h/howey-test.asp + +###Investment of money + +> “The first component of the Howey test focuses on the investment of money. The determining factor is whether an investor chose to give up a specific consideration in return for a separable financial interest with the characteristics of a security" + +- *Securities & Exchange Commission v. SG Ltd.*, 265 F.3d 42 (1st Cir. 2001) + +When Roblox releases an item for sale, I believe that it could constitute an investment of money, as the purchaser gives up their Robux (specific consideration) in return for an in-game item (separable financial interest with the characteristics of a security). In this case, I would argue that a contract is formed by two interested parties: Robux and the purchaser of the asset with regards to ownership of the asset. + +**But wait, it's Robux, not money?** + +> "it is well established that cash is not the only form of contribution or investment that will create an investment contract. Instead, the "investment" may take the form of "goods and services," Daniel, 439 U.S. at 560 n. 12, 99 S.Ct. at 797 n. 12, or some other "exchange of value."" + +- *Uselton v. Commercial Lovelace Motor Freight*, 940 F.2d 564 (10th Cir. 1991) + +Basically here I am arguing it doesn't have to be cash that is being used to form the contract, and yes, Robux does fulfill this requirement. (And bear in mind Robux can be bought and sold for USD and various other currencies). + +###Common enterprise + +> A common enterprise is a venture "in which the `fortunes of the investor are interwoven with and dependent upon the efforts and success of those seeking the investment. . . .'" It is not necessary that the funds of investors are pooled; what must be shown is that the fortunes of the investors are linked with those of the promoters, thereby establishing the requisite element of vertical commonality. Thus, a common enterprise exists if a direct correlation has been established between success or failure of [the promoter's] efforts and success or failure of the investment. + +- *Securities & Exchange Commission v. Eurobond Exchange, Ltd.*, 13 F.3d 1334 (9th Cir. 1994) + +I would argue that a common enterprise is established by the fact that the value of the asset purchased by the investor is dependent on Roblox's efforts in advertising a known asset on its marketplace, managing the marketing and scarcity of the asset, as well as it's initial offering price etc. + +Furthermore, after Roblox issue the assets, they still oversee the exchange of these assets. If the investor is successful and decides to sell at a higher cost (whether to Roblox or an unaffiliated party), there is a direct correlation between the investor's success and Roblox's success as Roblox take a 30% cut of the sale. If the value was lower, Roblox would still take a 30% cut but won't be as successful if the sale was higher (in some cases significantly higher than the original price). + +### Expectation of profit to be derived from the efforts of others + +An investor may purchase an in-game asset from Roblox under the impression that it is a limited offering and may presume that the value of the known asset will increase such that Roblox limits the sale of these assets to a fixed amount. Moreover, the investor assumes risk directly coming from the promoter, for example in the event that Roblox issues more of the same assets; this would increase the supply of the asset and potentially reduce its perceived value. + +###Are Roblox in-game items securities then? + +I don't know, like I said, I'm not a lawyer. I know other games also have similar models but I've never heard them be critiqued as securities. Loot boxes have had some contention about being gambling, but I think it might be time to start looking at virtual assets as securities. Though a lot of games do not let you resell the items (e.g. Fortnite), or if they do then it's only for an in game currency that cannot be converted back to a fiat currency (e.g. EA FIFA). + +Roblox allow users to: + +- buy Robux for fiat currency (e.g. 100,000 Robux for 1250 USD) +- invest in assets with that Robux, +- sell assets for Robux (whilst Roblox takes a 30% cut) at a profit or loss (but Roblox's fortunes from the sale are directly correlated with the investors fortunes from the sale), +- sell that Robux for fiat currency (100,000 Robux for 350 USD - a 72% exchange fee!) + +In my totally not legal opinion, Roblox is effectively running an unregulated currency exchange when it comes to the selling of Robux (via Tipalti), an unregulated securities market when it comes to the buying and selling of in-game assets (which may be issued/sold by Roblox, but they benefit regardless due to a 30% commission - and they benefit more if they can create demand and scarcity for items they issue), and have created scenarios where there users are unwittingly becoming investors of securities aided by price history charts, information about limited availability, generating and marketing hype around assets etc. + +In my opinion these assets are more similar to securities than they are to commodities. + +Anyway, I was looking to start a discussion regarding this, I could be very wrong and I accept that; especially as this model has been used for a long time I believe (especially amongst MMO games?). I would love to hear any counterarguments etc, or other related talking points + +***** + +Flaw 1: You never own the asset itself, the assets always belong to the developer studios / companies themselves and are licensed to Roblox to be able to be used on the platform, though no ownership changes hands + +Thanks to /u/McPutio for pointing this out + +Flaw 2: You cannot sell Robux for real USD made in this way (though there probably are workarounds that Roblox do not approve of) + +Thanks to /u/hiImKhi for pointing this out! It's a part of their DevEx platforms rules that the Robux must be "earned". + +This means their clause in the ToS about Robux not being redeemable for cash makes a lot more sense now, as developers can't cash out any Robux other than that made by selling items that they have created +My fiancé works as an independent contractor, gets a 1099, makes between 90-120k/year gross. (He says he will be able to get his income down to 75k for tax reasons, has little to no documentation to support this, I'm a w2 employee and always have been, don't really understand how that all works especially given his lack of documentation). He has not filed any of his taxes, has not paid anything to anyone or saved any money since 2017. He got this job that year, filed 2017 taxes in early 2018, where his accountant advised a bunch of stuff, saving 30% of his paycheck, doing quarterly taxes, etc., which he never followed up with him, never saved the money recommended, filed extensions that have come and gone... and here we are. I confronted him today because... the cherry on top... he was furloughed this week. + +I'm here to ask if anyone has been in this situation, will he be able to recover from this? Between fees and interest... how effed is he? This will be taken care of immediately, but I come to you... for mental preparation... + +&#x200B; + +edit: wedding is on hold due to Covid and now we are reevaluating out whole lives because of this. I am actually incredibly thankful, it gave us the opportunity to discuss these things beforehand. +Currently on holidays with the Wife and was chatting to a fellow couple our age. The conversation was interesting to me so I thought I’d share to get some general thoughts. + +This couple earn about $180k combined income, husband is a pretty hard worker, has two jobs and is doing post grad studies. Their mortgage is around $360k, house worth $800k. Current chucking around $60k a year at the mortgage above the scheduled repayments. + +As far as I’m concerned, they’re doing quite well, in fact, they’re in a pretty comfortable position. They on the other hand, felt they needed to do more and didn’t feel comfortable starting a family. I was like guys, you’re ahead of most! + +Am I wrong? +Not sure if personal experience is suited for this sub, but I just started planning my budget and it has helped me feel more fulfilled. + +I think I am just one of those people who hates working. Some people get bored or restless or feel unproductive, but I love just sitting around watching TV for hours or hanging out in my backyard. I'm not a lazy person, and I was a straight A student through undergrad and grad school, and I get high work evaluations now. However, I like to say I am a "secret lazy person," since I don't feel any thrill or high from doing a good job. It just feels like the sludge I go through. Some of you may think I am clinically depressed, but usually depressed people are sad even when they do nothing. I am legit so happy when I get to do nothing (by nothing I mean non-work things. I still hike, build cool home DIY projects, etc). + +In college/grad school, what kept me motivated was that I was completing a goal, and afterwards I would be "done" and could relax (I pushed the fact that I would have to work after graduation to the back of my head). However, now that I am working, I have a strong "what's next?" feeling. It really feels like I just have to endure until I die. + +But then I discovered FIRE and this community online, and I feel rejuvenated. I now have a concrete goal to work towards, and it makes me work harder at my job so I can reach this goal sooner. I don't feel like I am just trudging through life. I can't wait till I can put all of this bs behind me and can just sit on my porch wasting the days away like I enjoy. +This should get interesting as Microsoft venturing into the social media field. Facebook is still powerful but they have lots of negative press and Instagram is getting kinda boring. I like the move to appeal Microsoft to the younger Gen. +Firstly, before I start this here’s a link to my previous [DD](https://www.reddit.com/r/CryptoMoonShots/comments/qr2cyw/tradestrike_ltd_dd_tradestrike_lite_v1/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +* Market Cap - $104,549,962 +* Holders - 9,029 +* Current PPS - $0.11 + +**News** + +Today TradeStrike released a [Medium](https://tradestrike.medium.com/strikex-wallet-features-b830d4d041d8) containing an informative insight on the StrikeX Wallet. The TradeStrike team take pride in this being the most secure, best looking and groundbreaking wallet. + +**What is StrikeX Wallet ?** + +The StrikeX Wallet is a crypto wallet where you can keep track of the coins you hold in your portfolio. + +Taken from their medium, “our wallet will make crypto more accessible, simple and much less time-consuming.” + +**When will this be available ?** + +The StrikeX Wallet will be available to the public in 2022. + +**What makes The StrikeX Wallet so groundbreaking ?** + +This wallet is a competitor to the current market leaders as it contains features that the others lack. As well as mastering the features that the other wallets do contain. It also is very nice to look at, this is something many of the current market leaders don’t really focus on. + +**What are the features ?** + +So firstly, StrikeX Wallet contains: + +* Portfolio Performance Tracking & Charting. +- Monitor your overall profit & loss over various timescales. + +* Fiat Deposits & Withdrawals +- Say goodbye to the time consuming Converting and Transferring your crypto assets from a number of exchanges to buy or sell to fiat. With this feature it knocks out the middle man and gets right to business. With just a few taps you will be able to instantly buy or sell your crypto assets to fiat and withdraw **straight to your bank account** From Visa, Mastercard and Apple Pay all being compatible, it has never been easier to buy and sell for cold hard cash. + +* Integrated DEX +- With this feature you will never have to worry about switching to external sites to swap your BSC tokens. As TradeStrike Lite DeFi exchange will be directly linked, you will be the most efficient BSC token swapper using StrikeX Wallet. + +* Biometric Login +- Gain access to your crypto wallet in the most secure and efficient fashion with the built-in biometric login. + + +**Why is this even needed ?** + +With the amazing growth to BSC Tokens, there is need for a perfect wallet where you can Track, Swap, Deposit and Withdraw fiat. This is where TradeStrike Ltd. steps up with The StrikeX Wallet. + + +**Conclusion** + +In my personal opinion, this is a game changer. I have used the current market leading wallets and I can say I have wished for a wallet like The StrikeX Wallet to come along. The fact that it cuts out a middle man and focuses on efficiency, security and is set out to be the best looking just does it for me. + +I feel this will be one of the many things that will really kickstart TradeStrike to be mainstream. + +Also a word from myself, I am pleased to announce that I have recently been appointed the role of Trial Moderator for TradeStrike Ltd. This means a lot to me and I would like to thank the team for allowing me to be a part of this journey officially. + +**Please note that this will not change my honest constructive criticism towards TradeStrike and StrikeX.** + +Here’s to Health, Wealth and Prosperity ! ⚡️ + +[How to Stake](https://youtu.be/TbytVfHaCQk) + +For full details visit the [website](https://www.strikecoin.co/) + +**How do I buy ?** + +[Trust Wallet](https://youtu.be/OX9C6-t7e-Q) + +**What is the StrikeX address ?** + +0xd6fdde76b8c1c45b33790cc8751d5b88984c44ec + +**What is StrikeX listed on ?** + +* [CoinMarketCap](https://coinmarketcap.com/currencies/strikecoin/) +* [CoinGecko](https://www.coingecko.com/en/coins/strike-x) + +**StrikeX will be listed and available to trade on** + +*[Probit](https://support.probit.com/hc/en-us/articles/4408406718105-ProBit-Global-Lists-StrikeX-STRX-) +* BitMart (November 19th at 08:00 BST) + +**Where can I contact them ?**  + +* You can contact them via their [website](https://www.strikecoin.co/). +* You can contact them via Twitter:  +* [TradeStrike](https://twitter.com/trade_strike?s=21) +* [Joe Jowett](https://twitter.com/forgone_13?s=21) +* [Kishan Vadgama](https://twitter.com/aiyokish?s=21) +There's so many of you 20 year olds making this much or more. I had to work my ass off with 3 college degrees, just to make $46k. What did I do wrong with my life!? + +**EDIT**: The "what's wrong with my life" is kind of a goof. I'm happy, I shouldn't have said it. This thread is hugely important for me when I point my students towards a specific career path. I can't thank you all enough for participating with your responses! +#NOT Senators. Representatives and Congress-people. I'm just retarded, please leave me alone + +[The following people in this committee have received donations from Ken Griffin from Citadel](https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Kenneth+Griffin&contributor_city=Chicago&contributor_employer=Citadel&two_year_transaction_period=2020&two_year_transaction_period=2018&two_year_transaction_period=2016&two_year_transaction_period=2014&two_year_transaction_period=2012&two_year_transaction_period=2010&two_year_transaction_period=2008&two_year_transaction_period=2006&two_year_transaction_period=2004&two_year_transaction_period=2002&two_year_transaction_period=2000&min_date=01%2F01%2F2019&max_date=12%2F31%2F2020) + +* Rep. Bill Huizenga (R) +* Rep. Andy Barr (R) +* Rep. French Hill (R) +* Rep. Ann Wagner (R) + +[The following people in this committee have received donations from Vladimir Tenev from RobinHood (fixed link)*](https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Vladimir+Tenev&two_year_transaction_period=2000&two_year_transaction_period=2002&two_year_transaction_period=2004&two_year_transaction_period=2006&two_year_transaction_period=2008&two_year_transaction_period=2010&two_year_transaction_period=2012&two_year_transaction_period=2014&two_year_transaction_period=2016&two_year_transaction_period=2018&two_year_transaction_period=2020&min_date=01%2F01%2F2019&max_date=12%2F31%2F2020) + +* Rep. Maxine Waters (D) +* Rep. Patrick McHenry (R) + +Also here: https://www.opensecrets.org/news/2021/02/gamestop-stock-house-committee-hearing/ + +Waters and McHenry have shown integrity, the same can't be said about Huizenga, Barr, Hill (who started by congratulating Vlad on being the American Dream). Wagner seemed to be very much on the fence. [Video and Transcript here.](https://www.c-span.org/video/?508545-2/robinhood-ceo-reddit-founder-testify-gamestop-stock-part-2) + +I believe this shows a conflict of interest. +#NOT Senators. Representatives and Congress-people. I'm just retarded, please leave me alone + +[The following people in this committee have received donations from Ken Griffin from Citadel](https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Kenneth+Griffin&contributor_city=Chicago&contributor_employer=Citadel&two_year_transaction_period=2020&two_year_transaction_period=2018&two_year_transaction_period=2016&two_year_transaction_period=2014&two_year_transaction_period=2012&two_year_transaction_period=2010&two_year_transaction_period=2008&two_year_transaction_period=2006&two_year_transaction_period=2004&two_year_transaction_period=2002&two_year_transaction_period=2000&min_date=01%2F01%2F2019&max_date=12%2F31%2F2020) + +* Rep. Bill Huizenga (R) +* Rep. Andy Barr (R) +* Rep. French Hill (R) +* Rep. Ann Wagner (R) + +[The following people in this committee have received donations from Vladimir Tenev from RobinHood (fixed link)*](https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Vladimir+Tenev&two_year_transaction_period=2000&two_year_transaction_period=2002&two_year_transaction_period=2004&two_year_transaction_period=2006&two_year_transaction_period=2008&two_year_transaction_period=2010&two_year_transaction_period=2012&two_year_transaction_period=2014&two_year_transaction_period=2016&two_year_transaction_period=2018&two_year_transaction_period=2020&min_date=01%2F01%2F2019&max_date=12%2F31%2F2020) + +* Rep. Maxine Waters (D) +* Rep. Patrick McHenry (R) + +Also here: https://www.opensecrets.org/news/2021/02/gamestop-stock-house-committee-hearing/ + +Waters and McHenry have shown integrity, the same can't be said about Huizenga, Barr, Hill (who started by congratulating Vlad on being the American Dream). Wagner seemed to be very much on the fence. [Video and Transcript here.](https://www.c-span.org/video/?508545-2/robinhood-ceo-reddit-founder-testify-gamestop-stock-part-2) + +I believe this shows a conflict of interest. +As reported this morning by CNBC: GE is near a sale of its industrial engine unit to private equity firm Advent International, according to the Wall Street Journal. A sale worth $3 billion or more could be announced as soon as today, according to the paper, with Advent beating out Cummins for that business. + +We are selling the plans begin to show out. The CEO said last year that they would be exciting around $20 billion of businesses. I am liking it. A long slow turnaround but it is getting there......slowly. + +What are you doing, are you buying GE this low? +In this post I am sharing 24 weeks (\~6 months) results of a portfolio I created called "SuperFund" which contained manually curated stocks from 13F filings of some Super Investors as listed on Dataroma. + +**Process of selecting Super Investors:** + +1. Reading and watching Mohnish Pabrai and his idea of free lunch portfolio +2. Watching a lot of youtube videos on cloning portfolios of successful investors + +**From this extensive process, I picked the following Super Investors:** + +1. Li Lu - Himalaya Capital Management +2. Mohnish Pabrai - Pabrai Investments +3. Guy Spier - Aquamarine Capital +4. Chris Hohn - TCI Fund Management +5. David Tepper - Appaloosa Management +6. Bill Ackman - Pershing Square Capital Management +7. Jeffrey Ubben - ValueAct Capital + +Since I started this portfolio on 8th September 2020, I used all the "then recent" 13F filings of these super investors. It is to be noted that these Super Investors own a lot of companies in their million and billion dollar portfolios, so I had to come up with a method to pick only the finest ones among those hundreds of companies. + +**Process of selecting companies from the portfolio of these Super Investors:** + +1. List all the companies they bought in their last 13F filings +2. List their market caps and PE ratios +3. Remove companies which have PE ratios higher than 25 +4. Sort the remaining companies in the increasing order of their market cap +5. Sum up the total market cap of all the companies, and allot portfolio weightage to each company based on their market cap + +This is not a very quantitative approach but, hey, I had to start somewhere. + +**After this process, I ended up with a set of 24 companies:** + +[SuperFund Portfolio](https://preview.redd.it/q3beeq8rrej61.png?width=466&format=png&auto=webp&s=d9d0216f0997bf634c900ad826a5bb887eb31442) + +I decided to put $10,000 into these companies and track the progress each day. Since I could not purchase any partial shares of a company, I had to settle on investing $9,991.23 instead of $10,000. + +Just out of curiosity I also checked how much portfolio allocation is to which industry. You can see it here: + +[Portfolio Diversification based on Industry](https://preview.redd.it/h1rkh70wrej61.png?width=698&format=png&auto=webp&s=82e06591b12c4251da4133ee8dcce9572151a2b8) + +Now the main part of this post which I am sure you are all waiting for - **"How well did this portfolio perform?"** + +Well, you won't be surprised. **Here is a view of how individual companies performed:** + +[ Percentage Change for Each Company in Last 6 Months ](https://preview.redd.it/iutosjm0sej61.png?width=667&format=png&auto=webp&s=3c19ba4041a380096da09769c9efcaa1789fc241) + +**And this is how the total portfolio performed (also compared with S&P500):** + +[Total Percentage Change in Last 6 Months](https://preview.redd.it/l22jwu03sej61.png?width=691&format=png&auto=webp&s=7811d20369cbe2e2e3948bc3222337c1aa3e0e4a) + +As you can see, the SuperFund did 42.92% in last 6 months whereas S&P500 only gave a return of 13.11%. Moreover, It gave about 30% gain over S&P500. Also, my initial investment of $9,991.23 turned into $14,279.52 + +To be noted that these results are based on prices taken from market close of 22 February 2021. Taking prices of market close on 23 February, the results are as follows: + +SuperFund = 43.75% + +S&P500 = 13.26% + +**NOTE:** This is just to share with you how the SuperFund did in last one day. The numbers that I share in the rest of this post will be based on the closing price on 22 February 2021. + +Out of curiosity, I later analyzed, how much % gain would I have achieved if the portfolio was equally weighted. The answer is **43.50%**. This would have given me an extra edge of 0.6 percentage points, but not a great performance boost of 5% or so. + +Again out of curiosity, I analyzed, how much % gain would I have achieved if I had initially sorted these companies in a decreasing order of their market cap and allotted highest weightage to the company with lowest market cap. I found that the SuperFund would have given a return of about 42.6% which is very close to what I achieved with the current SuperFund. + +All in all, I believe cloning successful investors gives you an edge over usual passive investing. If you put in a little work, you can make annualized 20% and more without any stress. Just buy when your favorite Super Investors bought, and sell when they sold. + +Edit: This is not a brag. I plan to continue testing this methodology for years to come. This needs to be tested on all types of markets. + +Edit: After success of this post I've created a subreddit where I will be updating this Portfolio. r/richdudepoordude + +Disclaimer: I am not a financial advisor and nor a financial expert. All the results discussed in this post are purely based on my findings. Your money is your money and you should invest it in something that you understand. +What financial advice do you wish you knew earlier? + +&#x200B; + +For example, I wish I'd learned the importance of budgeting and having an emergency fund early on. +As a consultant I have been making an average of $235,000.00 annually gross pre-tax, and $190,000.00 net. I work 14 days on and 14 days off. On my days off I started a small fab workshop at home where I run cnc plasma tables(1 - 4'×4' plasma cam, and 1 - 4'×8' torchmate X) and several 3d printers (2 - lulzbot taz 6 and a tronxsy x5s) this side businesses is currently averaging $36,000.00 per month gross, and showing a 35 percent profit averaging $12,500-13,000 after paying the bills i.e. power, consumables, steel, filament, programming updates, etc. I am 37 years old, house is paid off (Teton county, Wyoming), toys and vehicles all paid in full. Healthy retirement account, oldest son currently in second year in college (CMU in Colorado) with 4 years of tuition saved to help cover his costs. Equal amounts of college funds saved for my younger 2 children locked in high interest bonds until they enroll into courses. Savings account is healthy and also have a decent emergency fund that is 6 figures. Currently I am getting burned out in running all over the world chasing the next oil boom. I am strongly debating on staying home at the shop and seeing how far I can build up my small business. I have grown to enjoy cad and designing parts and accessories with my shop but still a little nervous on if the economy is functional enough for me to step away from my bread and butter income. +Apple Reports Second Quarter Results + +Revenue up 9 percent to new March quarter record + +Services revenue reaches new all-time high + +CUPERTINO, CALIFORNIA APRIL 28, 2022 + +Apple today announced financial results for its fiscal 2022 second quarter ended March 26, 2022. The Company posted a March quarter revenue record of $97.3 billion, up 9 percent year over year, and quarterly earnings per diluted share of $1.52. + +“This quarter’s record results are a testament to Apple’s relentless focus on innovation and our ability to create the best products and services in the world,” said Tim Cook, Apple’s CEO. “We are delighted to see the strong customer response to our new products, as well as the progress we’re making to become carbon neutral across our supply chain and our products by 2030. We are committed, as ever, to being a force for good in the world — both in what we create and what we leave behind.” + +“We are very pleased with our record business results for the March quarter, as we set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac, and Wearables, Home and Accessories. Continued strong customer demand for our products helped us achieve an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “Our strong operating performance generated over $28 billion in operating cash flow, and allowed us to return nearly $27 billion to our shareholders during the quarter.” + +Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock, an increase of 5 percent. The dividend is payable on May 12, 2022 to shareholders of record as of the close of business on May 9, 2022. The board of directors has also authorized an increase of $90 billion to the existing share repurchase program. + +Apple will provide live streaming of its Q2 2022 financial results conference call beginning at 2:00 p.m. PT on April 28, 2022 at www.apple.com/investor/earnings-call. This webcast will be available for replay for approximately two weeks thereafter. + +https://www.apple.com/newsroom/2022/04/apple-reports-second-quarter-results/ +I thought that my findings would be better in a separate thread. Just a warning to all those who are selling in order to buy back lower, the good lot of you may miss the boat. If you view the chart carefully you will see that the price is being manipulated down by someone or some group. My common sense tells me that they are doing this to accumulate because they understand the potential of ethereum and the impact of the upcoming events. + +About 12 hrs ago when eth was about to launch upwards towards $100 today, the price was pushed back down by a 5.4k eth market sell on GDAX. this dropped the price from $94 to $88.9. now, if you're not convinced that the market is being exploited by whales even with evidence staring at you in the face then there's no helping you. they will continue to buy from panic sellers who don't grasp the value of what they're holding and bots that will interpret large sells as trend reversals. here is the chart in the 1min showing the selling of 5.4k eth which dropped the price down ~$4. http://imgur.com/3VVESR4 + +he bought himself a little more time but there will be another run tomorrow. we are in the bull pennant again. many of those who are selling right now hoping to buy back cheaper will learn a valuable lesson. +So many years ago I bought into bitcoin, not that much money at the time but enough that today it's worth over £300,000. I had left it, forgotton about it and it was only when a friend said, have you seen the price of bitcoin recently at $700 each I took some real notice. Only to find out the price had been higher and that all my coins were on the GOX site which was no longer running. So yes that was a substantial loss. + +Last year another of my friends would not stop going on about bitcoin and how it was set to moon, I struggled to pay attention knowing what had previously happened but I started looking again. I cannot recall how but I found Ethereum and I saw the potential of bitcoin and then some. + +I bought quite a lot, infact I had between 900 and 1200 ETH. Now I don't blame my self for the gox incident, this was out of my control for techknowledgey I didn't really understand, lessons I learn't were to keep it in a hard wallet and off of the exchanges, how ever lessons I did not learn were about trading. + +One particular night, buying the dips and selling the highs on kraken with about a $ spread I actually managed to make my self around £10k. But when I initially bought ETh and started trading I wasn't sleeping, I was constantly at my monitor, my self employed work was not getting done, Ihad the lap top on at my bedside with price alerts on full blast to wake me up. I made several mistakes selling on drops, only to find I had to then buy in higher only for it to drop again and make the same mistake on the assumption that this time it really would drop and i'd get in lower. + +Long story short, I now have a 5th of what I had due to trading, I lost another £40k thanks to being unable to access kraken ETH?USD pair during that fairly obvious internal ddos (why do I say internal? it's taken 7 weeks to recieve a reply abuot api not working or being able to use cryptwatch, yet they had an answer and explanation for the ddos within 6 hours, almost like it was pre written) + +For those of you getting stressed about the dips... If I had bought my ether, and held onto it without ever trading, or panaicking about dips, I'd have 5 times what I have now, id have had a lot more sleep too. + +moral oy my story, don't trade unless you really know what you're doing, don't listen to market predictions because no body truely knows, just keep your eyes on the important news and EEA announcments and buy a bloody nano ledger S if you have more than a couple of quid in ether. +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! + +I’m 26 and not in any rush to buy a house, pretty stoked that I’m even able to consider it in London and have it within reach. Say I wanted to save for 4 years to build up a large-ish deposit, seems to me that the likely return involved in having that money in an index fund (S+P500 etc) would far outweigh the risk that there is volatility during this time / when I want to buy at the end of 4 years. However that seems to go against typical advice. + +If you can be flexible with when you buy, is it worth keeping that money in the market for potential gains? + +Anyone use this method rather than keeping deposit savings in cash / gsa? +I've just seen this question asked about shared ownership properties, but what is important to ask an owner or estate agent in a freehold house? + +I'm very new to this! +I feel sorry for the real investors that found this subreddit, I mean honestly can you imagine you’re a 40 year old seasoned investor, cocaine stuck in the links of your counterfeit Rolex, finally got the funds to make a real move. And you hear about this sub and decide to join for some good discussion on what to do with you money. Holy fuck lol + +I Fucking love it, every time I’m on this sub I laugh my ass off. Seven hundred fucking thousand degenerates gather in one place. I’ve never felt more at home. + +Anyways I followed some advice I got here and now I’m so far in debt, the only way I’m getting out of it is by committing disability fraud for the next 5 years. Puts on DIS + +EDIT: brb gonna microwave my head for 45mins + +EDIT 2: yes I died + Simple: People that missed out on the TESLA Train are Buying NIO now! + +Asset management company **BlackRock, Inc.** increased its holdings of Nio shares by over 15% in the fourth quarter over the previous quarter, according to a 13F filing by the firm. At the end of the fourth quarter, BlackRock held 61.5 million shares of Nio, up 15.32% from the 53.33 million shares held at the end of the third quarter. In value terms, the investment in Nio by BlackRock stood at $2.99 billion at the end of the fourth quarter. This represented a 164% quarter-over-quarter increase from the $1.13 billion the firm held at the end of the third quarter. + +Remember: This Friday Warren Buffet will file his 13F and well know whether he bought Tesla during Q4 2020. + +[https://www.benzinga.com/news/21/02/19538331/largest-asset-manager-biggest-us-pension-fund-bulk-up-on-nio-holdings-what-you-need-to-know](https://www.benzinga.com/news/21/02/19538331/largest-asset-manager-biggest-us-pension-fund-bulk-up-on-nio-holdings-what-you-need-to-know) +I mentioned about my families shitty investment firm before here.. So we finally decided to get courage at fire them for severely under performing for the past 6 years. + +What left then was EVERY single salesman from there to call us all day today telling us we are making the very worst decision ever that I am an idiot. That it's such a horrible decision it better keep us up at night. Yelling at us over the phone. Calling non stop till we answer if we hang up they call us right back. So I had to unplug the phone line till 5 pm. I also ended up filing a complaint with Finra. But they guy who answered at Finra didn't sound very encouraging.. + +Like really.. is this how investment firms normally act? Or just the one we had? Literally trying to scare us to go back to them. It's like a crazy bad ex.. This should be against some laws.. But I doubt it is..I'm actually kinda fearful right now..People have killed others when there was less money on the line.. +Hello. + +I was due to begin working on a behavioral health unit for a hospital tomorrow. They contacted me Friday and informed me that, due to a misdemeanor DUI on my record, they could no longer continue the employment onboarding process. I communicated my DUI, my substance use disorder, and explained the role addiction has had in inspiring my pursuit of a career in mental health. I ensured this was addressed both in my application and in my interview. + +In accepting the rescinded offer, I turned down four separate opportunities for employment. + +I would appreciate any experience and advice that this community could offer. + +Thank you. +Hello dear community, + +Short introduction: + +- I am in my early 20's +- I got very lucky with a couple of projects and after lots of hard work managed to be in a position to RE if I want to. +- I dropped out of university after 6~ months. + +This post is adressed to everyone here to be honest. +The reason for it is: + +A couple years back, there was an opportunity which made me leave my university (studied management) and work on some projects which eventually led to me finding myself in a very good financial situation. + +But now, most of the times I speak to "older" folks, I feel like people don't want to take me as serious. + +This might be because of my "young" age, but I feel like I am lacking knowledge on a lot of things. + +I was mostly focused on my own stuff the last couple of years and honestly NEVER in my life had a routine of reading news or books in general. + +I feel like the people around me are mostly very educated, not only because of their degrees, but also in terms of general knowledge on a lot of topics. + +I feel like my kind of "unusual" path made me ignore certain things I should have put more importance to. + + +Does anyone here mind sharing what you guys do/would do, to make up this lack of knowledge ? + +Did you start reading certain books, or having a routine of learning certain new things ? + +I would guess, that even if you retire at 50-60, many would still be "hungry for more knowledge", so I am really curious on what you do to learn more shit, or atleast not experience some "brain-drain" in terms of not educating yourself anymore and leaving the learning process. + +(Sorry for grammar mistakes, my english isn't the best tbh hehe) + +Anything helps! +Enjoy your day :-) + +Cheers! +Every person here must understand that Ethereum was already hard forked several times (switch to Homestead was actually a hard fork). And Serenity will be hard fork. +So the main question that was in mind of many people that if we will hard fork now once then nothing stops us doing that in the future by demand. And you will be right. But. You will be having to convince founders, developers, miners, trading platforms to do that which is not trivial thing. So if in the future we will be having the need to change something again in our Ethereum network it will be done if it needed. So deal with it. Ethereum is not decentralized computers, its decentralized people. + +https://www.youtube.com/watch?v=tG6sNokd_GA +[**Original thread**](https://www.reddit.com/r/ethtrader/comments/8sn7ir/predict_the_exact_day_eth_will_reach_1000_again/) from u/Jimmyn3wbert on his desire to give away 1 ETH + +[**Thread from yesterday**](https://www.reddit.com/r/ethtrader/comments/8ta4l4/eth_at_1000_usd_smart_contract/) where community discussion on the contract began + +[**Github repo**](https://github.com/fuguefoundation/Contract-ETH1000) + +Special thanks to all who commented on Reddit and Github, your insights into the contract logic and game theory were extremely helpful. This contract has grown considerably more secure and decentralized since then, some final tweaks needed so I figured it warranted a new thread. + +## Test contract + +Deployed to `Rinkeby`, [**this contract**](https://rinkeby.etherscan.io/address/0xd19634ba56f6e59a41de04889e211b22c75ae9f6) is identical to the solidity code here except the threshold for ETHUSD price is set to 475USD and `checkPrice` can only be called by owner because only the first call to Oracalize is free (i.e., we can't make another call to oracle since we are using test ether). Play the game and help test it out! + +## Functionality + +Participants include both a [**UNIX timestamp**](https://www.unixtimestamp.com/index.php) and an address that will receive the ETH when making a guess. + +* Guessing period is open for one month following contract creation. +* One guess per address, and participant can't change their guess once made. This is done to prevent people from changing their guess either once their time has passed or as we approach closer to 1000USD. + +When `checkPrice` is called, and assuming the price is greater than 1000 USD based on Kraken's last trade between the ETHUSD pairing on their API, the oracle callback function sets `priceConfirmedOver1000` to true and `winningTimestamp` is set to the current block timestamp. + +* To be clear, `winningTimestamp` is determined by the blockchain and not the instant price breaks 1000 on Kraken. Thus, all functions (except `selfdestruct`) can be called by anyone. +* As an incentive mechanism to call `checkPrice` as close as possible to when we actually pass 1000USD, the first person to call `claimCheckPriceReward` **AFTER** `priceConfirmedOver1000` is set to true by the oracle is rewarded 10&#37; of the contract's `totalAmount`. To be clear, the person who gets the reward is not the person who called checkPrice but the person who called claimCheckPriceReward after checkPrice is called successfully. The reason for this is because there are possible gas errors by having the oracle callback call other functions that are payable. + +Now the nomination period begins. Instead of iterating over the myriad guesses that may exist, creating possible gas issues, people who think they have a chance of winning nominate themselves, creating a smaller subset of possible winners. + +* The nomination period lasts for seven days following when `winningTimestamp` is established by the oracle. `payout` can be called by anyone following this seven day period, and the address who got closest to the winning timestamp takes all that remains in `totalAmount` +* Anyone can add more ETH to the total pot, though bear in mind that the bigger it gets the more incentivized the contract owner is to call `selfdestruct` and take it all for himself +Sounds pretty nuts right? + +If you invest in stock market, you will always see 🐻 posts because *pessimism sounds oh so smart.* + +There will be no shortage of "market crash incoming" and people waiting on the sidelines because of the crash scare. + +Dow Jones tripled over the last 10 years. No one will make posts about that back in 2011 saying "I think by 2021 we will see Dow Jones at 30,000." If they do, people think they are nuts. + +On the other hand, S&amp;P 500 going to 10,000 is in fact, not that big of a deal. At current level of 4,000, it annualizes to about 9.5% per year. This is in line with how S&P 500 have performed over the years. + +When businesses keep growing and stocks keep pushing all time highs, there will always be people saying that market is crashing soon along the way. Invest accordingly. Don't invest money that you can't lose. Don't use margin. Set aside your emergency fund. Buy index funds or great companies that you know. The hardest part is sitting tight. +Probably 7/10 losses for me on average stem from the fact I am too impatient and not willing to wait for the perfect opportunity to place a trade from the fear that I may miss out on extra money. + +Missed out on so many amazing setups by refusing to wait that extra 5-30 minutes or so. +I trade full time. Well not technically but kind of do. I have plenty of free time as my west coast job doesn’t really start until later in the day so I have the vast majority of trading hours available to me. + +I haven’t been successful and have paid a shit ton to “tuition” + +What’s it like to admit that you might not ever make it? Kind of tired of losing money… can’t keep losing money + +I can’t shake the idea that I want to keep trying. That I don’t want to give up. Is it my ego? The same ego that won’t let me take a loss when it’s small… is it the same ego that’s keeping me going when the loss of overall time/money is also small in the grand scheme of life… + +Thoughts? +I met a guy on discord who was talking about having lost about $15,000 in a single week. I ended up reaching out to him for an interview as I was interested in what happened and it turns out he's lost $150,000 in the last 6 months (almost all of his savings.) I think it's important to highlight these stories, especially for newer traders, as it's easy to get caught up in other traders' gains (especially when people are making millions on meme stocks). + +[https://youtu.be/NU0LES4VzOM](https://youtu.be/NU0LES4VzOM) +A little elaboration. Hospital I work at accidentally deposited my bonus check twice and they said they will be taking the unintended addition amount out of our next paycheck. Which is fine. But when we got the payment, taxes had already been taken out. They informed me that when they take the money out of my paycheck, it will include the taxes, so I will he left with less money than before. This is setting off my bullshit detector so I thought I'd ask here if anyone had experienced this or knows more about it before I get upset. +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, + +&#x200B; + +I do not own any TESLA stock mostly because I did not get in the "right" time, as if there is a right time. + +Anyways, even after getting in the SP500 I fail to recognize the merit for the current valuation. I'm open to be educated, so please change my mind. + +Having said that, I believe the stock is due for a correction, ˜10% at least. + +I'm so **tempted to buy a PUT contract for Sep 2022 @ $730.** + +1. Who's with me and why? +2. Who's not and why? + +Cheers! +Okay so full disclosure, I bought a bag of this before the mysterious "announcement" yesterday. I tried to post here about it but my post didn't get listed for some reason. Hopefully because the project is so young but I'll try again. DMDHANDS is like 4 or 5 days old and they have already locked in a Satoshi Club AMA for the 30th of March. Pretty bullish for a young coin on the BSC network. I dunno about you guys but I've bought like 10 shitcoins lately and 8 of them dunked on me. This one and ElonGate have been super solid though and the TG room for DMDHANDS is extremely encouraging. I'm not going to throw all the numbers at you but take a minute to check out their chart and pop into the TG room and see what they are all about. I love what I've been seeing in there. +DMDHANDS_MissionControl +I don't wanna post all the pancake info and stuff because this isn't a hard shill, it's a soft shill. I'm just saying you should check them out and ask them some questions. Anyways, give them a SHOT (get it?). + +https://www.wsj.com/amp/articles/being-a-law-firm-partner-was-once-a-job-for-life-that-culture-is-all-but-dead-11565362437 + +I’m a junior transactional associate in BigLaw that, in light of the article above (see article text pasted below), is looking to identify a practice area(s) that (i) will allow me to develop a set of transferable and valuable skills that I can utilize both inside and outside of the legal industry (ii) entails some degree of meaningfulness, which my current gig seems to be completely devoid of and (iii) will one day allow me to pursue a job where I will not be on call 24/7, while also providing a solid income. I see three different paths: + +(1) Healthcare/FDA regulatory/technology transactions — these fields seem to be areas that will only keep growing, and are in industries that are highly regulated (which creates opportunities for lawyers); or + +(2) Bankruptcy/shareholder activism — these areas probably offer the best chance of developing a skill set that is somewhat transferable to the (potentially more lucrative, but less stable) financial industry, though query whether its worth putting my eggs in an industry that is arguably declining and very competitive; or + +(3) pure litigation — stay in a law firm throughout my career given less flexibility to go in-house, maybe some options open in the litigation finance field. + +Assume that I’m more interested in (2) and (3) given that I have a strong finance background, and much prefer memo/opinion writing, team meetings, client interaction, strategic thinking, and public speaking over marking up agreements for hours on end. However I do find biotech fascinating, and my gut is leaning towards (1), mainly due to the fact that I feel pursuing something in the healthcare/tech world will: + +(i) be contributing more to society (helping a biotech company get a drug approved seems more net positive for society than working for an activist and/or distressed debt hedge fund (think Carl Icahn or Paul Singer)) and + +(ii) will provide me with a greater chance of ultimately obtaining a 9-6 job that pays $200k+ at some point in my career (and hopefully $300k+ once I get more experience and after factoring in equity, bonus, etc). Conversely, the bankruptcy/shareholder activism/litigation routes seem to be contained to the continual biglaw grind, which as the linked WSJ article above (and included in the comments below) notes, may not be something one can bank on indefinitely (or would want to). + +Any and all advice is much appreciated from this community. +**tl;dr:** I don't exactly know how this will affect the thesis of u/gfountyyc's potential DD titled [Bank of America Is Short GME And Is Positioned For A Potential Bankruptcy (semi debunked post from last night)](https://www.reddit.com/r/Superstonk/comments/oxz8kg/bank_of_america_is_short_gme_and_is_positioned/). The main purpose of this post is to simply add some information about reading a Statement of Cash Flow and how it can be generated in two ways, and how sometimes, a deduction is not necessarily a loss in cash depending on the method used by the Statement of Cash Flow. The line item *Trading and derivative assets/liabilities* amounting to $58.372 billion, which is interpreted as a loss, doesn't seem like a loss to me, but is merely an adjustment per the standard procedure of using the Indirect Method of preparing a statement of cash flow. If you want to understand further what this means, you can read on. + +=============================================================== + +To start off, there is a portion in there that I think need to be addressed as this is an inaccurate interpretation based on what I know about how to generate operating cash flows: + +[Image 1: Taken from u\/gfountyyc's work, which will be the only portion I will discuss](https://preview.redd.it/1swocaqingf71.png?width=813&format=png&auto=webp&s=4fc84ec654b1f7468fc857a0adecf1eb9959b8fc) + +In this section of the potential DD showing BofA's Consolidated Statement of Cash Flows, the line item *Trading and derivative assets/liabilities* amounting to $58.372 billion *is interpreted as a net loss in cash*. This is the obvious interpretation and even the line items themselves can mislead a reader towards that conclusion because after all, even the bottom line item is called *Net cash provided (used in) operating activities*. However, this particular Consolidated Statement of Cash Flows by BofA isn't arrived at by how most of us think a report is prepared, such as like this one below: + +[Image 2: A straight-forward cash flow report of some poor but happy shmuck because of his last $15 purchase](https://preview.redd.it/sna8tq61qgf71.png?width=519&format=png&auto=webp&s=dffa88d64e386fac4981c60671c91d50dc07c233) + +This is how we normally interpret a cash report, by simply adding what we receive, and deducting whatever we spend, with the net amount being whatever cash remains. When applied to accounting and finance, we call this the Direct Method of generating a cash flows statement, it is [defined by investopedia](https://www.investopedia.com/terms/d/direct_method.asp) as: + +[Image 3: Taken from https:\/\/www.investopedia.com\/terms\/d\/direct\_method.asp](https://preview.redd.it/sihdbf0qqgf71.png?width=622&format=png&auto=webp&s=e9245b0fac32bf381a6c5be8447fe22be9a4f828) + +This definition simply has too much jargon and I recommend my smooth brain definition in the caption of Image 2, of simply adding what we receive and deducting what we spend. I simply provided this link and picture to show that it is an established practice in accounting and finance. + +However, that is not how BofA, and many other businesses regardless of industry, generate their Statement of Cash Flows. Notice that in investopedia's definition, the first sentence says that there are two accounting treatments used to generate a cash flow statement. Since the first one called the *Direct Method* isn't the one used by BofA, then it must be the second one, right? I will also show later how I know that it isn't Direct Method that they used. Enter the [Indirect Method](https://www.investopedia.com/terms/i/indirect_method.asp): + +[Image 4: Taken from https:\/\/www.investopedia.com\/terms\/i\/indirect\_method.asp](https://preview.redd.it/ty952vlpsgf71.png?width=610&format=png&auto=webp&s=d5442618dd036cca4e96535e1b7ea2bcdba5d3e2) + +As the definition states, it uses increases and decreases in the balance sheet line items to modify the operating section of the cash flow statement. + +Going back to Indirect Method, a website called [accountingtools.com](https://accountingtools.com) has a better definition of that [here](https://www.accountingtools.com/articles/2017/5/17/cash-flow-statement-indirect-method): + +[Image 5: Taken from https:\/\/www.accountingtools.com\/articles\/2017\/5\/17\/cash-flow-statement-indirect-method](https://preview.redd.it/j0q7rc4gtgf71.png?width=981&format=png&auto=webp&s=e504e10a295c5e18e558912b075eb13c19e2328f) + +Now let's take a look at the example provided by [accountingtools.com](https://www.accountingtools.com/articles/2017/5/17/cash-flow-statement-indirect-method) side-by-side with the one published by BofA: + +[Image 6: The example from accountingtools.com's article for Indirect Method of Cash Flow Statement generation and BofA's Consolidated Statement of Cash Flows. I just removed the extra spaces between the line item labels and the amounts so they can fit a little better. A little segue: Just in case you are wondering, the only difference between a Statement of Cash Flows and a \\"Consolidated\\" Statement of Cash Flows is that a Consolidated one combines all of the cash flows statement from the parent company, in this case BofA, and all of its subsidiaries.](https://preview.redd.it/klia172rvgf71.png?width=1344&format=png&auto=webp&s=98e424c89ee15b0c64d0a55dc3cc3613386e9b14) + +Now that we have defined what method was used by BofA in preparing its Consolidated Statment of Cash Flow, what we need to do now is to tie it up with how the line item *Trading and derivative assets/liabilities* amounting to $58.372 billion has been misinterpreted as a net loss in cash. + +To do this, let us first look into how cash actually goes in and out of a business because of its operations (hence, the operating cash in*flow* and out*flow*). There are many ways it does, but these ones are the most relevant in our discussion: + +1. **BofA paid cash for services, salaries, utilities, etc. as part of its expenses** \- since this is part of the business's expenses, it is immediately accounted for in the income statement, and thus, is *ultimately factored in when the Net Income is calculated, which is the starting point of a Statement of Cash Flow that is prepared using the Indirect Method.* +2. **BofA has received cash for the interest it is charging on loans it grants** \- this is also *ultimately factored in when the Net Income is calculated, which is again, the starting point of a Statement of Cash Flow that is prepared using the Indirect Method.* +3. **BofA has received cash for its sale of trading assets and derivatives** **as part of its operations** \- this one has two components in this transaction: The portion that is the cash it originally paid to have ownership of the trading asset or derivative and the portion it has realized as a loss or gain. Dividing this transaction into two components is important because for example, if BofA buys $5million worth of $ASS, then sells it for $5.5million, then only the remaining $0.5 million, i.e., the *portion that is the realized of gain is going to be ultimately factored in the Net Income, which is again, the starting point of a Statement of Cash Flow that is prepared using the Indirect Method (I know, I just want to be sure this is emphasized enough).* Meanwhile, the other portion, which is the cost of $5 million, is simply accounted for as a "conversion" from being $ASS to cash, in other words that $5 million worth of cash, which is *the cost of the trading asset sold is not going to be factored in the calculation of the Net Income, but will only be recorded into the balance sheet as a* ***decrease in trading asset***\*, and an\* ***increase in cash***\*.\* Look at this illustration below: + +[Image 7: How the gain or loss in the sale of assets, such as trading assets or derivatives, are recorded separately for the balance sheet and the income statement\/net income](https://preview.redd.it/zuxj2kycohf71.png?width=600&format=png&auto=webp&s=c1745d9860ddc545ab9a80ca1d352529c59d88eb) + +That illustration and the above enumeration is important because it shows how not everything that happens to a company's cash is recorded in the income statement, but only in the balance sheet, and vice-versa. However, it also shows you that you can actually just start your cash flow statement from the net income and just add or deduct some balance sheet items to arrive at how much cash were actually used for the operations, *because many things that has to do with cash is already factored into the Net Income, not exactly all, but many*. So if you are thinking that using indirect method is just a convenient way of preparing a cash flow statement, then yes, you are correct. + +So now, by following the definition that Indirect Method, is simply using the changes in the balance sheet of the company as adjustments to the net income, so that the operating cash flow can be arrived at, we can then look at BofA's balance sheet to see if the negative amount of $58.372 billion in Trading and derivative assets/liabilities, is actually a loss or simply a decrease in the cash of BofA with a corresponding increase in its trading and derivative assets/liabilities: + +[Image 8: The consolidated balance sheet of BofA as of June 30, 2021 showing the trading account and derivative assets and liabilities.](https://preview.redd.it/untzj6wyihf71.png?width=964&format=png&auto=webp&s=dd20e6fb1cb099cc75bb771523df48037f969e27) + +Then to calculate the change in trading and derivative assets and liabilities: + +[Image 9: I took the highlighted amounts from the balance sheet and did this calculation.](https://preview.redd.it/mi2gka1nihf71.png?width=744&format=png&auto=webp&s=971ec701ff57faa12c0c1d1c405f054b4e409993) + +As you can see, there is only a 6.05% difference between the net change in trading and derivative assets/liabilities as reported by BofA compared to what I calculated using their own balance sheet. I could posit a few reasons for why there is still some difference: + +1. The $58.372 billion is the original cost of the derivatives as they have reported in the cash flows statement, of which the purchases occurred between January 1, 2021 to June 30, 2021, and these securities have since netted an unrealized loss of about 6.05%. +2. Quarterly financial statements aren't exactly as thoroughly audited as annual financial statements, hence, the inaccuracies in their reporting. +3. Smooth brain mistakes with how I applied the concept of Indirect Method. + +Either way, the bottom line of this post isn't to debunk u/gfountyyc's potential DD titled [Bank of America Is Short GME And Is Positioned For A Potential Bankruptcy (semi debunked post from last night)](https://www.reddit.com/r/Superstonk/comments/oxz8kg/bank_of_america_is_short_gme_and_is_positioned/), but only to provide additional insight as to why, because of the method used in the Cash Flows Statement of BofA, the negative amounts in their operating cash flow section are not exactly losses per se, but are only reverse calculations needed to arrived at how much cash was actually used in the operations. + +EDIT: just a few words and a punctuation mark +Hi all, + +I'm in the process of closing my first deal and have started vetting property managers. + +I've heard the phrase "you've got to manage your property manager" a lot. What all do you generally have to manage them on? +Curious as to what kind of vehicle you guys drive. I’m sure some of you guys do not do any of your own work. And I’m sure some of you do. I have a midsize pick up truck and I was curious whether that would be sufficient. Or would a full-size truck be better? +I'm 24, have some money saved up and looking to make some passive income. I live on Long Island, but across the bay in Bridgeport, CT I'm noticing that condos are going for very cheap, like in the $20,000 range. And it looks like condos in the area rent for about $1,300 per month. I know Bridgeport isn't the best area, maybe that's why prices are so low? Is it a good idea to buy one of them and try to rent it out? +My boss said that he's gonna make 1 percent every day and if he does that ge can make over 10x his money in a year. But I told him the sp500 om average is 7 percent and even hedge funds can't outperform that. He cut me off and said lots of millionaires stay wealthy by trading the stock market themselves daily. I told him I'm not sure who he thinks these people are but that it's not remotely as easy as it seems. He got annoyed with Me and just said that I didn't know what I was talking about because he had access to special information. Why do people think that it's easy to get 10x every year? By the way he put 50000 into the stock market into a company and lost 95 percent of it. Who is telling these people or how do they come to the conclusion that beating the market (treasuries bonds crypto equities commodities) isn't insanely easy but insanely hard and even warren buffett can't get 17 percent a year and he's the best in history? This guy doesent even what what a pe ratio is. He doesent know that stocks are fundamentally companies and have earnings and revenue and market position and strategies that they implement will implement have implemented and that earnings or the conclusions of the market participants shape generally stock prices along with other factors or course. But how is it that this guy basically brushed me off as a Moron and then went and crashed 95 percent of his 50000 and then still has more cash in reserve I think like 150 k that he's gonna deploy to quickly join the millionaire ranks? He's 27 years old and lives out of his car to save money for what he calls investing and obviously is really speculation. + +Funny part is there was a new employee he was bragging to about how he made 20 dollars to buy his lunch. Only 49980 dollars to go to breakeven but of course he didn't talk about his losses +I love hearing stories about people on the FIRE train, and how it allows them to be more confident at work or put up with less bs. Does anyone have any stories to share? +I've spent a lot of my time playing video games and hanging with friends all while believing I still had plenty of time with my father and grow. He was a family man who was happy to be there for us. My dad unexpectedly died and now while I'm the youngest, I'm going to be in charge of everything. planning the funeral, Talking to creditors, insurance companies, cell phone, his HR, the VA, we live in military housing but we won't be able to stay so ill soon enough have to look for a house to buy. I have never budgeted before, never had any large sum in my account, never have to pay rent and so forth. My mom and brother both have a disability that makes it hard for them to handle anything beyond house chores. That's okay, I'm happy to step up for them on this. + +My father was a private man about money, he was carefree about expenses, never liked to discuss any sort of plan of "what comes after". I'm scared, lost and overwhelmed. In a fog of grief. I miss him and want to do all of this right for our family. + +Does anyone have any tips to help them stay organized? What are some questions that are good to ask talking to certain companies/situations? Common things to be careful of? + +Thank you for taking the time to read this. + +Edit: Wow, Thank you everyone so so much for commenting, and for future ones. I did not expect to recieve so much support and am so grateful and humbled by it. I have been doing research but it's nice to have a more personal response to help me stay focused. + +Some extra info; + +\-For Military side of it, my father was retired navy for 24years.He had a job he was working and they are being very kind and i speak to their HR soon. Im also going to contact a VSO to help me. + +\- Funeral costs. I am okay on that end. I made a gofundme to at least get him back home since he passed in another state, and people were generous, so I have that covered as well as the service. After, his final resting place will be in Arlington which is a wait but I will get it done. + +\-Some mentioned his phone, which I have no idea where it is now. The incident took place in water so I am concerned his phone and wallet may have been lost as it's not with his "personal belongings". it's also possible the police have it. I'm still making calls. + + + + +Edit: (11/24/21) It's been a few months, I have been so busy I haven't responded on here but I did want to mention I come back often and reread this and find a lot of comfort in everyone's well wishes and advice. I am extremely grateful for this platform and you guys being so supportive during a time while I wrote my post still in shock. Thank you again. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>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! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I recently finished the babypips course, and am excited to continue on to the next steps of my trading journey! I plan to post a summary of how my trading day went on this subreddit everyday I trade just as a method to monitor my own steps towards successful trading, and to get feedback from all of yall who read my posts! + +Today was the first day I started trading on my mt4 demo account. My strategy was to day trade the 4 hour EUR/USD using a 10 SMA, 20 SMA, Stochastic, RSI, and ADX. My plan was to enter when the SMAs cross each other, the ADX indicates a strong trend (40 or above) and either the Stochastic or RSI indicates overbought and oversold conditions. I planned to exit when the market hit my stop loss of 100 pips or my tp of 200 pips, or when my MAs cross once again while the ADX indicates a weak trend (20 or below), and either the stochastic or RSI indicates an overbought/oversold market thats not in my favor. I planned on identifying trends on the initial movement with my stochastic, rsi, and MAs, and guaging the relative strength of the movement with the ADX. I decided to hold a position size of 1 mini lot per trade, risking 1% of my total account. + +My first mistake was not backtesting my strategy at all. I was super eager to test out my strategy, so I hoped on my account right away to find trades I could take. This leads into my second mistake. When I could not find a position to take on the EUR/USD, I immediately hopped into the USD/JPY looking for other trades. Although I did manage to find one, I did not calculate my position size or properly scale my stop loss. Nevertheless I took the trade and waited. The trade moved in my favor about 50 pips, and then started to drop steady. As soon as I saw all my profits go down the drain I quickly tried to lock in my profits, which resulted in me closing my trade. After closing I opened a new one frantically trying to catch any profits I missed. which was a HUGE mistake. Eventhough the profits on my first trade were not huge, it was still profit. The second trade made me lose all my profit and even more. + +After my trade I recorded everything that happened in my trading journal. I made a note never to trade on emotion again, and to just let the market hit the stop loss instead. I also made note to add a trailing stop loss so that I can lock in my profits sooner, without having to worry about it mid trade. Starting tomorrow I will backtest my strategy FIRST before going into the market, making revisions as I go. + +Extra Note: This is my first post here and I know the grammar and formatting is kinda bad. Please bear with me I will get better overtime lol. + +Also all comments and feedback is welcome! I know that I have a long way to go, but I am eager to keep learning! +I’ve been reading these posts on an off for quite some time now and it saddened me to see someone had recently posted their “I quit the game” statement. We all walk through fire to stand in the green valley...and the journey has to be made on foot. And alone. And it’s tough. + +In response, I wanted to add a list of pointers for people starting out in this insane game and to address what I’ve learned from over a decade of trading Forex. It’s long-ish but it’s based on reality and not a bunch of meaningless retail junk systems and “insider knowledge” by nitwits on YouTube or some 19-year old “whiz kid” who apparently makes ten billion dollars a week with a mystical set-up that’ll only cost you $1,999 to buy! + +I became a profitable trader by keeping everything simple. I lost thousands when I started out, but I look back now and realise how easily I could’ve avoided those losses. + +Keep Everything Simple. + +For the sake of disclosure, I worked for Morgan Stanley for over a decade in fixed income but learned almost everything I know from the forex guys whom I got to know as good friends. They *make* markets but there’s still a lot to learn from them as a small fry trader. I got into all this as a hobby after annoying the traders with questions, and all these years later it still pays me. There are still occasional nightmare accidents but they’re far rarer to the point where they don’t affect my ROI. + +Possibly the most clear statement I could make about Forex trading in the large institutional setting is actually a pretty profound one: Forex traders are not what you think they are: every single forex trader I ever worked with (and who lasted the test of time) had the exact same set of personality traits: 1. NOT ONE of them was a gung-ho high-five loudmouth, 2. Every single one of them analysed their mistakes to the point of obsession, 3. They were bookish and not jocks, 4. They had the humility to admit that many early errors were the result of piss-poor planning. The loudmouths last a year and are gone. + +Guys who last 5, 10, 20 years in a major finance house on the trading floor are nothing like the absurd 1980s Hollywood images you see on your tv; they’re the perfect opposite of that stereotype. The absolute best I ever met was a studious Irish-Catholic guy from Boston who was conscientious, helpful, calm, and utterly committed to one thing: learning from every single error of judgement. To quote him: “Losing teaches you far more than winning”. + +Enough of that. These points are deliberately broad. Here goes: + +1. Know The Pairs. It amazes me to see countless small account traders speak as though “systems” work across all pairs. They don’t. Trading GBP/CHF is an entirely different beast to trading CHF/JPY. If you don’t know the innate properties of the CHF market or the JPY or the interplay between the AUD and NZD etc then leave them alone until you do. —There’s no rush— Don’t trade pairs until you are clear on what drives ‘commodity currencies’, or what goes on behind currencies which are easily manipulated, or currencies which simply tend to range for months on end instead of having clear trends. Every pair has its own benefits and drawbacks. Google “Tips on trading the JPY” etc etc etc and get to know the personality of these currencies. They’re just products like any other....Would you buy a Honda without knowing a single thing about the brand or its engine or its durability? So why trade a currency you know nothing about? + +2. Indicators are only telling you what you should be able to see in front of you: PRICE AND MARKET STRUCTURE. Take everything off your charts and simply ask one question: What do I see happening right here and right now? What time frame do I see it on? If you can’t spot a simple consolidation, an uptrend, or a downtrend on a quick high-versus-low time frame scan then no indicator on the planet will help you. + +3. Do you know why momentum indicators work on clear trends but are often a complete disaster on ranges? If not, why not? Do you know why such indicators are losing you tons of trades on low TFs? Do you actually understand the simple mathematics of any indicator? If the answer to these questions is “no” then why are you using these things and piling on indicator after indicator after indicator until you have some psychedelic disco on your screen that looks like an intergalactic dogfight in Star Wars? Keep it simple. Know thy indicator. + +4. Risk:Reward Addiction. The greatest profit killer. So you set up your stops and limits at 1:1.5 or whatever and say “That’s me done” only to come back and see that your limit was missed by a soul-crushing 5 pips before reversing trend to cost you $100, $200, $1000. So you say “Ah but the system is fine”. Guys...this isn’t poker; it doesn’t have to be a zero sum game. Get over your 1:1.5 addiction —The Market Does Not Owe You 50 Pips— Which leads to the next point which, frankly, is what has allowed me to make money consistently for my entire trading life... + +5. YOU WILL NEVER GO BROKE TAKING A PROFIT. So you want to take that 50-pip profit in two hours because some analyst says it’ll happen or because your trend lines say it has to happen. You set your 1:1.5 order. “I’ll check where I’m at in an hour” you say. An hour later you see you’re up 18 pips and you feel you’re owed more by now. “If I close this trade now I could be missing out on a stack”. So what?! Here’s an example: I trade in sterling. I was watching GBP climb against it’s post-GDP flop report and once I was up £157 I thought “This is going to start bouncing off resistance all morning and I don’t need the hassle of riding the rollercoaster all day long”. So I closed it, took the £157, went to make breakfast. Came back shortly afterwards and looked at the chart and saw that I could’ve made about £550 if I’d trusted myself. Do I care? Absolutely not...in fact it usually makes me laugh. So I enter another trade, make another quick £40, then another £95. Almost £300 in less than 45 mins and I’m supposed to cry over the £250 I “missed out on”? + +£300 in less than an hour for doing nothing more than waiting for some volatility then tapping a keyboard. It’s almost a sin to make money that easily and I don’t “deserve” any of it. Shut off the laptop. Go out for the day. + +Does the following sound familiar? “Okay I’m almost at my take-profit...almost!.....almost!....okay it’s bouncing away from me but it’ll come back. Come back, damnit!! Jesus come back to my limit! Ah for F**k’s sakes!! This is complete crap; that trade was almost done! This is rigged! This is worse than poker! This is total BS!!” + +So when you were 50% or 75% toward your goal and could see the trade slipping away why wasn’t $100 or $200 enough? You need more than that?...really?! + +So point 6: + +6. Tomorrow Is Another Day. Lordy Lordy, you only made $186 all day. What a disaster! Did you lose anything? Nope. Will the market be open again tomorrow? Yep. Does London open in just four hours? Yep. Is the NOK/SGD/EUR whatever still looking shitty? Yep. So let it go- there are endless THOUSANDS of trades you can make in your lifetime and you need to let a small gain be seen for what it is: ANOTHER BEAUTIFUL PROFIT. + +Four or five solid but small profits in a day = One Large Profit. I don’t care how I make it, I don’t care if it’s ten lots of £20, I don’t care if I make the lot in a single trade in 30 seconds either. And once I have a nice sum I switch the computer off and leave it the Fk alone. I don’t care if Brexit is due to detonate the pound or if some Fed guy is going to crap all over the USD in his speech; I’ve made my money and I’m out for the day. There will be other speeches, other detonations. + +I could get into the entire process by which I trade but it’s aggravatingly basic trend-following mostly based on fundamentals. Losing in this business really does boil down to the same appalling combination of traits that kill most traders: Greed, Impatience, Addiction. Do I trade every day? Absolutely not; if there’s nothing with higher probability trades then I just leave it alone. When I hit my target I’m out for the day- the market doesn’t give a crap about me and I don’t give a crap about the market, if you see my meaning. + +I played poker semi-professionally for two years and it’s absolutely soul-destroying to be “cold decked” for a whole week. But every player has to experience it in order to lose the arrogance and the bravado; losing is fine as long as you learn from it. One day you’ll be in a position to fold pocket Kings because you’ll know you’re dead in the water. The currency markets are exactly the same in that one regard: if you learn from the past you’ll know when it’s time to get out of that stupid trade or that stupid “system” that sounded so great when you had a demo account. + +Bank a profit. +Keep your charts simple. +Know the pairs. +Be patient. +Touch nothing till you understand it inside out. + +And if you’re not enjoying the game....STOP PLAYING. + +[if people find this helpful I might post a thread on the best books I’ve studied from and why most forex books are utterly repetitious bullshit]. + +Peace. +Hey guys + +just wondering which strategy is the best for exiting a trade, i hear that partial profits is good but how do i make it where even if it reverses im still able to make profit? +What are the biggest and/or most often occuring scams in your opinion? It can be a type of scam or a particular reoccuring one, etc. For me, hands down: + +&#x200B; + +**Hi my name is FxLifeStyle and I am a 22 year old Rich Forex Trader making millions...** + +https://i.redd.it/f3697jj17xz11.jpg + +What a fucking piece of shit this guy is... +Anyone interested in how to create your own fx-robot? + +Being a software-dev for 7 years, and one year in robo-development, I am thinking of giving a workshop for creating your own fx-robot. + +The whole thing will be about python, talib, oanda-api and linux, because you need your own server obviously. + +I am thinking about a title like learning python while making money ;) . + +Would you be interested? + + +**Update**: Firstly thanks guys for your appreciation. + +**@JAYYDD** et al: If you use VPS + MT4 EA, which get's you into 24/7 mode, I would say _not much_, except the flexibility and speed you earn living outside the metatrader empire, which comes with the cost of learning some skills, like python-programming or getting familiar with RESTful APIs. + +**@finance_student:** Thanks for your answer. I am still figuring out, which format would be the best to present any of my knowledge And I tend to do this in the most figurative way. Long Textposts would scare everyone away, so I am guessing that /r/forex is not the right platform for that. + +So long story short, I am close to FI but not there yet, due in part to HCOL area and two small kids. My professional job is very stressful and mostly thankless, sometimes (as in yesterday) giving me severe anxiety to the point of physical manifestations and not-so-jokingly considering quitting on the spot. + +I have always been a play by the rules person, responsible, a plan. On paper I could continue this route and be totally FI and RE by 50 (more than 5 years, less than 10). But I just dont think i can do it. I think i need to take a step off the hamster wheel and try something new, almost certainly for less $$, to regain some quality of life. I have some ideas, but some are not immediately available due to licensing timelines. + +I guess I am just venting and/or seeking validation for the idea of *not* doing what is best on paper/family finances in exchange for the hope of having a better quality of life and being less stressed (so more and better time with the family) and making peace with the fact that going off script and not doing the "right" thing is ok. It helps that we have sufficient reserves that this will not put house/529s/food/enrichment activities in danger. Just likely push the RE date back...but if I end up finding something I dont hate, then not so bad, right? Risk is not finding that new balance and still being stressed. But sometimes the Devil you know *is* worse... + +Thanks for listening. +Completely game changing for the usefulness of rule 72(t) for FIRE. This is very nice flexibility to set your plan to use any rate from the 120% mid-term rate (has been very low lately) up to 5%. Access to penalty free tax-differed savings can move up your FIRE date by years and can be started immediately, without waiting 5 years like with a Roth conversion ladder. + +IRS Notice 2022-06 set to be published Feb 7, 2022, Page 7: https://www.irs.gov/pub/irs-drop/n-22-06.pdf + +> (c) Interest rates. The interest rate that may be used to apply the fixed amortization method or the fixed annuitization method is any interest rate that is not more than the **greater of (i) 5%** or (ii) 120% of the federal mid-term rate (determined in accordance with section 1274(d) for either of the two months immediately preceding the month in which the distribution begins). The revenue rulings that include the section 1274(d) federal mid-term rates may be found at https://apps.irs.gov/app/picklist/list/federalRates.html. +For those you aren't aware, the Crypto Fear and Greed index uses 5-6 measurements to assess the current sentiment of the market and then rates that level of emotion on a scale of 1 to 100. 1 is extreme fear and 100 is extreme greed. + +Those measurements are objective of course - they look at volatility, social media, momentum, dominance, google trends and (now paused) surveys. + +Here is the link to the site, you can look at the chart, click "max" and you will see a movement of the index since the start of 2018. + +[https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/) + +In theory, the idea should be that in cases of extreme fear, the market is terrified and panic selling, and it is a good buying opportunity. When the market is in a state of extreme greed, people are getting extreme fomo and buying regardless of the elevated prices. Hopefully you get the picture. + +There is a lot of movement in the chart but it is the extreme fear and greed regions that interest me - specifically around the region of 80 plus or 20 below. + +Today the fear and greed index is at 10 - almost a record low. + +Looking at the index to date, there are only six other times in the past where the index has plunged below 20. I thought it would be helpful to look at that regions, what was happening and the price at that point, and to think of those as historical buying points (note that during the "China Ban" crash in September, we got to 20, but never went below that). + +**6 February 2018 - Index Score: 8. BTC Price $6,852.** + +This is probably the point at which there was a realization we truly were in a bear market, with bitcoin already down around 65% since its top. While buying at this point (the start of a 1 year bear market) is not exactly enticing, that price was more or less the average price for most of the year. Certainly not a bad entry point if you had resisted the temptation to buy in the entire bull market of 2017. + +**1 April 2018 - Index Score 16. BTC Price $6,975** + +Around March of 2018 was a bit of a "dead cat bounce" with the price recovering to nearly $12,000. Many people breathed a sigh of relief, portfolios turned green and it seemed like the bear market was over. Nope. Bitcoin immediately crashed right back down again to prices similar to February. Hence a moment of extreme fear. + +Again, this wasn't a particularly bad buying point historically, having just avoiding fomo of the surge in bitcoin up to that much higher price level. + +**25 November 2018 - Index Score 9. BTC Price $3,895** + +Now we're talking. This was the time of the infamous "hash wars" when BCH forked and the markets plunged into absolute chaos. Bitcoin crashed through its $6,000 support level and halved in price. + +This was an absolute buying opportunity - perhaps the opportunity of a lifetime, with an average price around this level for six months. Happy to say I bought right through but not enough. Each buy at the time seemed painful, and it was embarassing at times for people to even know you were in crypto. + +Also recall that at $3,100 very few people were calling this the bottom (shout out to Smart Contractor from twitter here who picked it). Many had buy ladders down to $1.3k, and it seemed a fall to at least the mid $2,000s was obvious. A little bit like those all calling for $25k right now. + +**22 August 2019 - Index Score 5. BTC $10,124** + +This one might feel like a bit of an anomaly, but in some ways it feels quite similar to today. Bitcoin had just ripped from $4k to around $14k and the bull run was on. After a short period, bitcoin fell sharply and the price started to collapse downwards. I think "5" is a bit extreme for fear but this was the realization that the bull market might be over. For the next six months, the bitcoin price let out steam down to $6.5k (aside from one day when President Xi managed to pump us back to $10,300 - oh for the days when China would actually pump our prices). + +So not a great buying spot, but better than FOMOing at $14k and historically still not bad. + +**13 March 2020 - Index Score 10. BTC $5,142** + +I don't think this one needs much explanation. The corona effect was sharp and deadly, with the bitcoin price absolutely collapsing quickly. Again, I don't think we have any debate that this was one hell of a buying opportunity. Even more if you had cash to deploy in the weekend. One person I know bought ETH at $85 or so at that point. And there are some people suggesting the charts today are quite similar to this. Hmmmm. + +**20 May / 22 June / 21 July = Index Score 11, 10 and 10. BTC around the $30,000 mark.** + +Each of these points marked a point in time where Bitcoin was teetering on the edge of the $30k mark (or slightly below) and many were calling for a massive break and plunge to $20k. We all know what happened, and we now can say that indeed these were great buying points. + +I believe I posted my original post when the Fear index was around 15 and the BTC price was $37k. Not a perfect time to buy, but hardly that bad. Now at that last fear point (21 July) - the absolute worst time to sell, I saw on youtube a person who was so convinced BTC was about to plunge he converted his 3 year BTC savings $20k into a leveraged short, then when that was nearly margin called on the super pump, he used his credit card to borrow $21k more to short, and lost it all. That is what fear does to you. + +**Today - Index Score 10. BTC = $41,900** + +And here we are. What I think is interesting is that this is by FAR the highest the price has ever been with fear at this range. Which is kind of amusing in some ways, as I feel the realistic worst case crash might take us back down to $30k or so, the same price at which we were just as scared last time. And I think the fear is fairly real here, with at least one person I know in real life "cashing out" at 41k. + +Put another way, if BTC had jumped $12k from $30k to $42k in that mid-year bear period, I imagine people would be calling for extreme greed. +My girlfriend has just been told that the pub she works in has been sold and the new owners will not be interviewing the current staff. Is she owed a redundancy payment? +Diagnosed with MS, insurance willing to pay out lump sum to cover mortgage. I'm still able to work for how long I don't know. We rely on my income my wife works part time because we'll we never thought at 36 I'd be in this situation. She can't increase her hours and wouldn't be enough to live off. I can't afford not to work but could reduce hours. My health is paramount at this point I need to be sure not too push myself too much and take it steady. + +£61000 payout mortgage has 20 years left at £54000 + +I earn £1700 a month and employer pays part into my pension too not including bonuses I am not at the max contributions only 4% of 9%. £1500 of this goes into our joint account. £668 on bills the rest for food and every day living. The £200 odd I keep for myself. We also get child benefit £145 a month. Usually £30000 a year before tax. + +Wife contributed ad hoc. + +We've £40000 all told in savings roughly, these are just easy access or fixed savings. Plus bits of cash here and there in bank accounts. Wife has a LISA with £8000 medium risk account. No debts other than student loans. + +I own a rental property Co owned with my brother. I take home £297. Property value £90000 each roughly. That money is just circulated to save for rental costs. It's not used as a wage so to speak. + +The main thing is whether to pay off that lump sum of the mortgage now and increase pension contributions as much as possible. By using the money that would of been spent on repayments. Or to invest that money. I can't say where I'm going to be in 5,10 etc years MS can rob you of abilities at any time. + +We don't live an extravagant lifestyle. Holidays are nice but happy to be where ever. + +Thanks, I am going to speak to an Financial Adviser just looking for any suggestions too. +This year is expected to be all about altcoins that function in line with the predictable trends in the crypto space such as the metaverse, decentralised finance (DeFi), and decentralised applications (dApps). + +Not only for bitcoin, but also for altcoins 2021 was an important year. Investors are interested in altcoins such as Ether, Solana, and Cardano, among others, for a variety of reasons, including faster transactions, lower costs, and a lower environmental impact. + +So, we have ups and downs, anyone who's here for years knows exactly what's going on right now, and hopefully what will happen soon enough. + +Do altcoins have the future in 2022? Which altcoins do you choose for yourself? +Leave a comment please. +This is pretty interesting - I think it's been a while since anyone tried introducing a new consensus algorithm (there is proof-of-work and proof-of-stake, NEO brought dBFT - delegated Byzantine Fault Tolerance - and IOTA introduced Tangle). XtraBytes has a new consensus algorithm called Proof-of-Signature (nicknamed Zolt) which apparently provides more security than any of the other consensus methods. Per their website: + + +"XTRABYTES introduces a revolutionary new consensus algorithm (Zolt), based on the concept of Proof-of-Signature. Zolt ensures a block signature rate of 100% system-wide, which confers an unparalleled level of security. Additional benefits include substantially decreased energy consumption as Zolt does not require a network of miners." + + +Since most people haven't heard of XTRABYTES yet, this project seems pretty undervalued. Might be a chance to get in on something new really early, so I thought I'd point it out to the community. If you're looking for a cheap coin to take a shot on, this seems better than most of the crap out there. At least check out the website, I think. + + +It's also worth noting that XTRABYTES is NOT an ICO, but a community coin with a brand new blockchain solution and novel consensus algorithm. The XTRABYTES platform is also designed to be built upon through D-Apps that can be written in nearly ANY programming language, which I think is also an extremely attractive feature. + + +Obviously I can't do all the homework for you, but anyone looking for a more detailed overview can go directly to the XTRABYTES website and read more. I'm including a whole lot of links below for anyone that's interested. + + +Website: www.xtrabytes.global + + +Initial Non-Technical Whitepaper: +https://xtrabytes.global/whitepaper.pdf + + +Roadmap: https://xtrabytes.global/#roadmap + + +Video roadmap: https://www.youtube.com/watch?v=xdHr178Wpwg + + +Overview of Proof-of-Signature and its advantages: https://xtrabytes.global/#posign + + +Most recent press release, which contains a solid explanation: https://xtrabytes.global/news/XBYPressRelease.pdf + + +Windows/Mac/Linux wallets: https://xtrabytes.global/#wallet + + +XtraBytes youtube channel (includes their recent video announcement as Q&A with the lead developer, which now happens every month): https://www.youtube.com/channel/UC_9hk28Wk5h7r0KhD9Va3Zg + + +Bitcointalk: https://bitcointalk.org/index.php?topic=1864397.msg23132696#msg23132696 + + +Socials: Slack - https://xtrabytes-xby.herokuapp.com Twitter - https://twitter.com/xtrabytes Facebook - https://www.facebook.com/XtraBYtesOfficial/ Reddit - https://www.reddit.com/r/XtraBYtes/ SteemIt - https://steemit.com/@xtrabytes + + +It's available on a couple of exchanges including Cryptopia. + + +Disclosure: yes, I own some, no, I'm not involved with the project directly. +About 6+ weeks ago, alts like ADA LTC LINK VET etc. rallied strong when BTC hit 50k. Now they are lower the than highs of that period even if BTC is almost 60k now. +This is pretty interesting - I think it's been a while since anyone tried introducing a new consensus algorithm (there is proof-of-work and proof-of-stake, NEO brought dBFT - delegated Byzantine Fault Tolerance - and IOTA introduced Tangle). XtraBytes has a new consensus algorithm called Proof-of-Signature (nicknamed Zolt) which apparently provides more security than any of the other consensus methods. Per their website: + + +"XTRABYTES introduces a revolutionary new consensus algorithm (Zolt), based on the concept of Proof-of-Signature. Zolt ensures a block signature rate of 100% system-wide, which confers an unparalleled level of security. Additional benefits include substantially decreased energy consumption as Zolt does not require a network of miners." + + +Since most people haven't heard of XTRABYTES yet, this project seems pretty undervalued. Might be a chance to get in on something new really early, so I thought I'd point it out to the community. If you're looking for a cheap coin to take a shot on, this seems better than most of the crap out there. At least check out the website, I think. + + +It's also worth noting that XTRABYTES is NOT an ICO, but a community coin with a brand new blockchain solution and novel consensus algorithm. The XTRABYTES platform is also designed to be built upon through D-Apps that can be written in nearly ANY programming language, which I think is also an extremely attractive feature. + + +Obviously I can't do all the homework for you, but anyone looking for a more detailed overview can go directly to the XTRABYTES website and read more. I'm including a whole lot of links below for anyone that's interested. + + +Website: www.xtrabytes.global + + +Initial Non-Technical Whitepaper: +https://xtrabytes.global/whitepaper.pdf + + +Roadmap: https://xtrabytes.global/#roadmap + + +Video roadmap: https://www.youtube.com/watch?v=xdHr178Wpwg + + +Overview of Proof-of-Signature and its advantages: https://xtrabytes.global/#posign + + +Most recent press release, which contains a solid explanation: https://xtrabytes.global/news/XBYPressRelease.pdf + + +Windows/Mac/Linux wallets: https://xtrabytes.global/#wallet + + +XtraBytes youtube channel (includes their recent video announcement as Q&A with the lead developer, which now happens every month): https://www.youtube.com/channel/UC_9hk28Wk5h7r0KhD9Va3Zg + + +Bitcointalk: https://bitcointalk.org/index.php?topic=1864397.msg23132696#msg23132696 + + +Socials: Slack - https://xtrabytes-xby.herokuapp.com Twitter - https://twitter.com/xtrabytes Facebook - https://www.facebook.com/XtraBYtesOfficial/ Reddit - https://www.reddit.com/r/XtraBYtes/ SteemIt - https://steemit.com/@xtrabytes + + +It's available on a couple of exchanges including Cryptopia. + + +Disclosure: yes, I own some, no, I'm not involved with the project directly. +So due to my own stupidity and a healthy helping of manic depression, i managed to build up 14k in credit card debt, however i'm in a better mental place and have been trying to pay it off as quickly as i can, i make about £4-500 worth of payments a month. + +I was looking and realised, if i can get a loan for 14000 then with a good apr i could carry on making the same monthly payment but everything would be paid off in 3 years, however when i try any loan checkers etc.. i'm basically "not eligible" for any loan other than ones with a higher apr than my current credit cards. + +I suspect it's because of my monthly income being too low as my credit score is good and i've never missed payments etc.. but i just wish there was a box that said "i'm currently paying the same or more a month that the loan payment would be, and i'll be using the loan to pay off the things those payments currently go too, i've never missed a payment so i can afford it". Tbh i thought that's what saying i was applying for "debt consolidation" would do, but apparently not. + +Sorry if this isn't the right place to post but just needed to vent a bit, kind of frustrating to finally be trying to sort myself out but it feeling like those that could help are saying "no, you can't pay it off as quickly as it could be possible, you have to have most of your monthly payments go towards interest" I know i have no right to get a good apr loan etc.. but like i said... frustrating. +I’ve been trying to be reasonable with my personal finances for a while, but feel like I’m missing something for optimizing my choices. + +Stats and facts: + +* 37M, $95k salary (+ ~13% bonus) +* Married, single income, 3 kids (7 and under) + + +Debts: + +* Mortgage: $132k @ 3.625% +* HELOC: $6800 @ 3.5% +* Student Loans: $11k @ 4.1% +* Own both vehicles (second vehicle will be paid off by end of year) + +Assets: + +* Cash: $55k (checking, savings, incl emergency fund) +* 401k: $140k +* Roth: $3600 (originally just a rollover, recently converted to a Roth with index funds) +* HSA: $3800 + +Company gives 4%, matches up to 4%, and I contribute 10% to my 401k (so 10% me, 8% company contributions). $140 per month goes into HSA, with minimal health expenses (deductible fully funded) + +As of right now, money accumulates in my checking account. My bonus has gone to savings to build it up, which has been accomplished. + +Basically, what next? Should I work on maxing out the 401k or the Roth (or the HSA)? What about overall saving versus emergency fund? Would the benefit of putting more in the Roth be the ability to withdraw my contributions as needed (not the earnings)? The Roth has nominally lower expense ratios vs the 401 (~0.5% vs 0.1%) + +Basically, I’m a good way through the Prime Directive, just trying to make sure I’m still making good choices. +This really shoulda been posted on Monday, but hey. Title really sums it up. + +I’m 30 ,married, and got my first job with real benefits so to speak of. The thing is, I have no idea what any of it means. It’s got all this stuff on stock options and various health/ life insurance packages with ad&d riders. + +Is there somewhere that translates everything into layman’s terms? Or a service I can call to help me navigate and decide which plan is best for me. Up till now I have just been on State funded health insurance cus I’ve never made enough money to not be. + +I am basically financially illiterate. The only thing I was taught to do in terms of handling money was literally balance a check book. My dad made me do his taxes a couple of times when I was a teenager but I just guessed on all the questions. + + +Hi all. + +I'm 28, and make about $35k a year on average. I'm wondering if I am "on track" so to say. + +I have + +Roth IRA ~ 13k. (Contribute $200/mo) +Trad IRA ~ 3k. (Contribute $100/mo) +401k ~ 4k (employer match at 3%, forced contribution of 5%) + +I do have an emergency savings of about ~ $6k and am saving for down-payment for a home which is also ~ $6k +I don't know where else to go on advice regarding this matter. My family consists of me (24), my sibling (19), stay-at-home mom and dad. My dad made extremely poor decisions involving accumulating tons of credit card debt to build 2 massive houses for passive income. + +Due to costs involved, he'd sold our original house and we rented from place to place. All the while, he'd struggled to pay the rent and our education costs. Eventually we found a new place when I was 16. I managed to get into a prestigious school which cost more than average and I learnt today his relatives paid for my schooling. Fast forward to finishing my master's degree; I find that all the while he'd told me he was doing fine and I should focus on my studies and dreams, he's accrued unimaginable debt. I have my own student loan of 46k to pay which is manageable for me. + +What worries me so is that he's 59 this year, reaching retirement in 6 years by which time my brother would have just finished university. I'm beyond scared to think he has no retirement savings and went into debt while encouraging me and my brother to pursue our dreams. What should I do at this stage? I'm currently waiting to start a well-paying job overseas and have dreamt of doing medicine after my brother's finished uni and gotten a job. But with the way things are now, I'm extremely wary and feel like I might have to give up my career aspirations to take care of the family and the debts. + +TLDR: Dad has a habit of taking monumental debts and making terrible financial decisions while financing our expensive education and hiding reality from us. Should I give up my career aspirations and contribute to the debts? I still don't know exactly how much the debts are either. +There are some great tips here to help mitigate your risk and help your family prepare for a downturn in the economy. + +https://www.campfirefinance.com/recession-proof-financial-plan/ + [https://www.barrons.com/articles/facebook-faces-legal-risk-big-tobacco-oxycontin-51633956119](https://www.barrons.com/articles/facebook-faces-legal-risk-big-tobacco-oxycontin-51633956119) + +(PAYWALL) + +From the Article: + +Recent revelations and scrutiny from Congress over Facebook's(FB) role in society could lead to major lawsuits against the social-media giant, according to new research that drew comparisons with litigation faced by Big Tobacco or Purdue Pharma. + +Facebook (FB) has been under pressure following a series of reports by The Wall Street Journal that made allegations covering Instagram's impact on teenagers' mental health, whether its algorithm encouraged social discord, and how it moderates elites. + +A company whistleblower who leaked internal documents to the Journal also testified before Congress last week, as lawmakers turned their attention to the renewed public debate over Facebook's(FB) prominent role in peoples' lives. + +Facebook (FB) co-founder and CEO Mark Zuckerberg last week said that "many of the claims don't make any sense," pushing back against allegations that arose in the Journal's reports and the whistleblower's testimony, in a post on social media. + +Blair Levin, an analyst at London-based technology industry research group New Street Research, wrote Sunday that " while we have been skeptical that past revelations would lead to government action, we think this time is different and as a result, we think Facebook(FB) may now face a similar challenge from increased litigation as tobacco, or more recently, OxyContin." + +Levin served as chief of staff to the chair of the Federal Communications Commission in the 1990s. + +The analyst said that while the facts and damages are different for Facebook(FB) than those faced by the tobacco industry or Purdue Pharma -- the maker of opioid medication OxyContin -- the fundamental legal framework is the same. + +There is a product with problematic consequences for many people, management knowledge of such, and actions by management "that not only failed to mitigate the harm but arguably increased those problematic consequences," Levin said. + +In the same way that public outcry against tobacco and opioid makers led to massive class action and state attorneys general-led lawsuits, Levin said the recent revelations against Facebook(FB) creates similar incentives to bring litigation against the company. + +While Facebook(FB) has faced scrutiny before, there is far more attention on the company this time, in part because of the role that harms to children plays in the recent allegations, Levin noted. + +"Discovery is likely to yield even more problematic evidence for Facebook(FB), and the dynamics create an opportunity for a settlement that would address the issues more quickly than legislation," Levin said. "We think litigation is likely to be more damaging to Facebook(FB) than legislation." + +Facebook (FB) stock was 0.7% lower in U.S. premarket trade Monday. The stock is down 12.3% over the past month. Facebook (FB) didn't immediately respond to a request for comment. +Just goes to show how much perceptions can change in a decade: + +&#x200B; + +Per WSJ: + +*The Dow Jones Industrial Average is getting a makeover.* + +*S&P Dow Jones Indices, which manages the 30-stock benchmark, said it would add Salesforce. com, Amgen Inc. AMGN and Honeywell Inc. to the blue-chip index at the start of trading on Monday.* + +*Those three stocks will replace Exxon XOM Mobil Corp., Pfizer Inc. and Raytheon Technologies Corp, respectively.* +So you want to begin buying stocks? I’m 33 years old, and begin investing during college (more than 10 years ago). I’ve learned a ton, and built a substantial portfolio over the 13ish years since I began. I’ve also done a lot of dumb stuff over the years, and learned a lot of expensive lessons. To me, this is the roadmap to begin investing. + + + +***Step 1) Be sure you’re financially ready to begin investing.*** +In my view, building an investment portfolio is like framing a house. This is an incredibly important step in your financial security, but needs to be done after you’ve laid the foundation. I highly recommend Dave Ramsey’s baby steps (I consider my stock account baby step 4). Read this and watch his youtube. Bonus points if you can answer callers questions before Dave does on his radio show. Another great resource is /r/financialindependence . your stock portfolio should not be money you need in the next 5 years, preferably 20 years. Put it in there, and don’t take it out. + + +***Step 2) understand your goals the first year (Year 0-1)*** +In the first year of investing you have three main goals. + + +• **Don’t chicken out.** Pulling the trigger is the hardest part. You make your first buy then you open your account 30 times the same day to see how it’s performing. You’re probably doing this not because you’re afraid of losing money, but you’re afraid of failure or looking stupid. You might tell yourself, if I learn to do research I can increase my chances of being right. This is dumb. The most important thing is to start the trip. Think to yourself, if you need to travel across the country by road and your options are to take the minivan you have now, or wait 3 days until you can get a sports car. Which is a smarter move? Get your ass in the minivan. + +• **Don’t commit a financial blunder.** For any of you who play any competitive video game with a ladder you know there is a commonality across all of them. To climb out of the bottom 50% of any ladder, all you have to do is not commit blunders. You don’t have to do anything fancy, you don’t have to be flashy, just don’t fuck up. This is 100% true in the stock market as well. This means you don’t have to do any financial analysis your first year. Keep everything as simple as you can to start. There is still plenty to learn from investing in an ETF the first year, and the third bullet will take enormous amounts of energy. + +• **Learn to manage your emotions.** The first year is an emotional whirlwind no matter how much you’re investing. Your primary goal above everything else is to learn to act calmly. If you check your account value every day, you’re training your brain to inject dopamine every time your account goes up. This is really, really bad. You’re going to have a bad day in the market, and your brain doesn’t get the dopamine hit that It’s used to. This leads to panic selling and grief. If you learn this skill early, I’m 100% convinced your set for life. The rest is easy. +The other part of this bullet is Reddit is the Instagram of stock market gains. People only post what they want you to see. Only the best get upvoted. This gives us a warped sense of reality, and what our expectations should be in investing. Don’t get caught in the hype. Don’t YOLO. + +***Step 3) what do I do after that? (Year 2-5)*** +Holy shit, if you make it here, the fun begins. If you can master your emotions you can then begin to nurture this hobby. Continue regular contributions to your account. Once it’s in the stock account, don’t think of it as spending money anymore, it’s now investment money. Find elements of the stock market that interest you and learn more about it. + +If I were to give one thing that you should begin learning now and have down cold it would be “What changes a stock’s price and how does that relate to the value of a company?” + +-understand what market capitalization is, an how it relates to a stock price. What financial tricks can a company play, and how will that affect the stock price, but not the market cap? To me, this is critical to understand. + +-be able to know the rough market cap if any major public company you come in contact with on a regular basis. + +-Time value of money. You don’t need to know the math, just the concept. How this relates to opportunity cost. + +-understand how earnings and earnings calls actually affect stock price. You don’t need to actually monitor these, but just understand how earnings and earnings expectations relate. + +Once you get that down you’ll find other areas of stocks/ finance that interest you. Do you like to do financial analysis? Learn that. Do you like to think big picture? Invest your time there. + +***Become an investor, not a trader. Investors are “good business collectors”.*** + +As you contribute more money into your account, begin picking up individual companies. Your contributions should be retentively small compared to your overall portfolio. If it’s not, then contribute more to your ETF. For the next 5 years, commit to having no more than ½ of your portfolio in individual companies. This will mitigate risk, and allow you to learn about individual companies and how to look at them. My suggested method for finding your first few individual companies are “What industries are coming in the 3-5 years, and what companies are the best positioned to be there”. Only do that for industries you understand (unless you’re a doctor don’t mess with bio-tech). Some of the meme stocks, are actually great for small individual stock pickups in this stage. Don’t invest in penny stocks (or anything with a market cap under $2B) until you know what you’re doing. I’ve lost way more money in shit like this than anything. Also, don’t fall for value traps (moderate or shitty companies selling for a deep discount). It might work every once in awhile, but that’s not our game. + +At the end of the day, keep this as simple as possible. If something doesn't feel right, dont do it. I hope this gives you the push you need to get started, and help someone out there. +As the title says FD is doubling its saver interest rate to 7%. A few caveats are: + +* **You'll need to have a First Direct current account.** If you already bank with First Direct, you can open the regular saver online – apply now and you'll get the new rate from 1 December. If you're new to First Direct, the good news is it's currently paying newbies £175 to switch (see below for more on this). +* **The account lasts for a year from when you open it and the 7% rate is fixed for this period.** Your interest will be paid in a lump sum when the account matures. +* **You can only deposit £25 to £300 a month.** Your first payment will be taken from your First Direct current account when you open your account, followed by another 11 monthly payments which can only be made by standing order (First Direct will set this up for you). +* **You CAN'T skip months.** To keep the account, you have to deposit at least £25 a month for the 12-month duration. +* **There are NO withdrawals allowed.** You can access your money before the year is up, but you'll have to close the account. If you do so, you'll only get interest equivalent to First Direct's bog-standard easy-access account (which currently pays 0.5%). + +&#x200B; + +|Savings Account|**Interest earned on £3,600 in savings after one year**| +|:-|:-| +|**First Direct** **regular saver** (7% on £25-£300/mth for 1yr)|**£135** | +|**Club Lloyds** **regular saver** (5.25% on £25-£400/mth for 1yr)|**£102**| +|**Barclays** **'Rainy Day' easy-access** (5.12% on up to £5,000)|**£184** (if you deposit a £3,600 lump sum)| + +&#x200B; + +[First Direct Site](https://www.firstdirect.com/savings-and-investments/savings/regular-saver/) + +Source: [MoneySavingExpert](https://www.moneysavingexpert.com/news/2022/11/first-direct-regular-saver-interest-rate-doubled/) +I get that an ETF reduces the risk of investing in individual companies but a sector-specific ETF exposes you to all the speculative swings in that sector. Take the tech sector, for example, you may weather the storm on APPL without any worries because Apple has more money than god, but your ETF is going to be dragged down by less established companies in a sector with rampant speculation. Wouldn't an ETF that has several different sectors represented inherently be less risky? I am assuming that ETF's are created to reduce risk which I know is not always true. Some ETF's are deliberately full of risky assets. I'm basically wondering, for those invested heavily in sector-specific ETF's, what was your decision making process? Do you own offsetting assets? What are your plans if, say, the price of oil tanks or the tech "bubble" bursts? + +Full disclosure: I don't own any ETF's (yet). My portfolio is made up of a variety of individual companies that I believe are solid across several sectors. I also own a few speculative stocks that wouldn't hurt too bad if they went to zero. +[https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html](https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html) + +Does this change your moves on Monday? +Often where people come from shapes their views on money. My family were immigrants to my country. From my reading and personal experiences, often in more collectivist culture, there is often a greater emphasis on sharing your wealth with family regardless of their contribution to the getting of that wealth. FIRE is a very individualistic pursuit, how do you navigate it? Especially so I can steal some of your tips for myself. I'll entering the work place after college soon, and many people in my family struggle. +I see lots of posts where people seem to be planning to retire by their early 30s (and I'm not questioning their numbers or reasoning), but I would be curious to know how many people have actually taken the plunge. Also, how do you account for certain unknown expenses with such a long horizon ahead of you (potential marriage/kids, changes in current healthcare system, changes in tax code, etc.) + +EDIT: I know there are a few well known bloggers (rootofgood, MMM, etc.) I was looking for members of this sub who do not blog/write/profit of the experience of retiring so extremely early. By "retired" I mean you do not have a part time or full time job. + +EDIT 2: Wow, thanks for the great responses! Cool to see so many people having the ability and actually confident enough to take the risk of retiring younger. Also, I realize you could probably pad your income at some point later, but if you are retiring extremely early, have a 20 year unemployment gap, you may not be able to return to your once high paying job or find consulting work that pays enough to justify the risk of retiring so early. Regardless, thanks for all the awesome replies! Especially amazing given that most people your age will probably struggle to ever retire! + +Not because it provides stability (10% bonds doesn't provide much cushion at all) but because there's an option to sell your bonds to buy equities if we go into a recession. + +I guess it's equivalent to holding 10% of your portfolio in cash as a "dry powder" but it's still nice to know that you have everything invested. + +I have decided to set 10% of my portfolio in bonds and sell them to go 100% into equities if there's a 20% SPY drop from the ATH. If not, I will just keep it this way forever. + +It puts me more at ease knowing that I can take advantage of the next "dip" if it happens. +https://finance.yahoo.com/news/1-amazon-boosts-hourly-pay-103153407.html + +Sept 14 (Reuters) - Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States. + +The world's largest online retailer also said it would pay a sign-on bonus of $3,000 in some locations and the hourly wage could go up to $22.50. Amazon was among the first few retailers to set a $15 an hour minimum wage in 2018. + +This is a good news for amazon as it continue to expand the workforce. It is continuing to invest into the warehouses and logistic networks. It is the latest sign that amazon is still growing and trying to generate more revenue. + +Thanks for the rewards. +Basically you try and fuck the system it directly benefits the poorest people in the U.S. it gives the federal government the incentive to weed out corruption as it could realistically improve the overall economy with the trickle up effect (Subject to strict oversight on qualification to receive continued payout) + +Edit: so some people have brought up some good points like having extra fees on top of confiscation of ill gotten gains as well as the fact it doesn't undo the harm to the investors who lost due to bad practices. Also the fact that investors outside the U.S. would be left out but as an American I have opted to ignore the fact that other countries exist unless you have oil. /s Anyhoo as stated in one of my comments I'm an idiot and not a legislator (insert "but what's the difference" joke). Something needs to be done and obviously it's a complicated idea to implement and I enjoy seeing some of the other ideas and edits people are making that cover some of my oversights. +The writer Wendell Berry has said that "To have everything but money is to have much." + +The profundity of that statement has hit me recently. On the road to financial independence, the value most people track is their net worth. And rightly so. + +But other standards in life are valuable too. Intimacy with your spouse/partner, work that gives purpose and satisfaction, healthy relationships with family, physical health, a close network and community of friends: each of these things are valuable but not measured in your net worth. You don't "need" them to be financially independent. But they are worth-while and are the very foundation of a good life. + +Someone in this sub needs the reminder (as I often do): Build a beautiful life while saving your money. Don't wait to live a good life until you have built up money. Life consists in more than the abundance of possessions. + +What are some other measures of "worth" not tracked by VTSAX? +I currently own a business which i make about 7K$/month which i manage with my wife. We have been growing this business for more than 10 years and it has come this far. But now i have recieved a job offer from Amazon which requires me to move to Luxembourg for 10K€/month . I do not know which path to take and i need your expertise. + +I am 45 years old. +1 Kid + ̶9̶0̶K̶$̶ ̶C̶a̶r̶(bad financial desicion don’t do this) +Living on Rent . +I live in Turkey + +Edit: I know some of you will kill me for this but the X6 M which is 100000$ in Us equals to 1.8 million liras which then equates to 472000$ because of the taxes . You can look it up. +It feels like yesterday, I was telling all my friends and family because the bull market was showing signs I’ve never seen. This was my fatal mistake. I would have killed to have the chance to purchase Ethereum at 1700, and look where we stand today, I am defeated and cannot Yolo into anything until my shit coins mature into something more valuable than my ass. +*What follows is a summary of my current thoughts about FatFIRE and my own FI. Please read it as as a question I am posing, as opposed to some sort of attempt at an authoritative post.* + +Fat FIRE is a school of thought orbiting the goal of conquering money. That is, producing an outcome in life where your decision making process doesn’t really need to consider the cost of things. I will constrain that by betting that most people here do not necessarily want to be Oil Princes and Princesses and have no desire to own million-dollar yachts. That said, I imagine you do want the ability to buy an extra home, perhaps a substantial one (or two), in some exotic location and be able to travel there whenever you want. Something like a few hundred thousand in reasonably passive income per year. This is all good and well and makes a ton of sense to me. + +But I am having trouble applying the same tactics that are popular in the regular FIRE and LeanFIRE schools of thought to the ambition of FatFIRE. In my mind, the other FIRE schools cannot be separated from their elements of frugality and minimalism. I am hungry and ambitious. The same drive that makes me want FatFIRE is the same drive that has little to no upper bound on how much it wants. Which means that FIRE’s calculated, methodic tactics are the lower bound of the future that I want. It is the backup plan to whatever high-risk enterprising scheme I come up with next. It’s what I want to think about when I am nursing financial wounds and plotting the next great endeavor. + +**Is FatFIRE most people’s plan B? Or have others found ways to balance the two competing drives (desire for financial power vs abstinence of material desires)? Or am I missing a point altogether?** +[https://www.shortsight.com/dgazf-etn-short-sellers-down-2-billion/](https://www.shortsight.com/dgazf-etn-short-sellers-down-2-billion/) + +Guys, I just wanted to point this out to everyone, This is a stock that ran from $400 to 25,000+ with only 45% short interest. This happened in August of 2020. I remembered seeing this as it was happening and being dumbstruck at the potential. With so many new members becoming interested in this short squeeze I thought it would be a good Idea to share this with you to show you that the price predicted here any everywhere else isn't a meme. Literally any number is possible with over 100% shorted. + +Have a great day fellow apes. + +EDITAnother great link:[https://www.etftrends.com/leveraged-inverse-channel/dgazf-weaponized-indifference/](https://www.etftrends.com/leveraged-inverse-channel/dgazf-weaponized-indifference/) + +The squeeze happened when the volume dried up. +I don't know how to flair this. I work for a large manufacturing company that produces 18 wheelers. To be clear, we are the ONLY plant in the world that produces this brand and class of trucks. If you see one of these trucks on the road or in a movie, we built it. + +Anyway, they've been having shut down days, two every two weeks like clock work. This usually comes before a scale back. (Read lay off) + +I got a text about a plant wide employee meeting this morning. They are asking for more shut down days. Approval has to come from corporate. They usually approve it. No reason not to. + +With part shortages, they're running out of space to park trucks that are short parts. I'm sure everyone has seen the picture of Ford parking trucks in the parking lot of a racetrack. We're doing the same thing. They just secured parking for 4,600 more trucks. Imagine that, 4,600 18 wheeler tractors. They're big, and that's a lot. Be build 190 a day and only fully complete about 30. + +Our industry seems to follow the market trend pretty closely. When we slow down, the market does bad. When we start laying off, the market goes down - or maybe it's the other way around, but you get the point. + +I've already lost 5 bucks per share on my company stock price, and considering how many shares I have - that fuckin hurt. Knowing how this stock swings and where its going, I'm about to go pull ALL my money out of the market and just let it sit. (401k, not my GME) + +I know this isn't TA, or DD. But it is life experience, and having worked there through 2 elections and lost a good chunk of my 401k twice - not even to a crash, I'm just telling you what I see. Take it for what it's worth, which may not be much. +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. +We were just retraded twice in one day on a mid-market (~$25mm) multifamily asset we are selling - that’s definitely a first! + +I’m in a major market, and in general the only trades I’m seeing in the apartment world are all-cash, 1031’s, or attractive assumable loans - all of which are few and far between. Institutional capital has all but left the market as their allocations are now overweight real estate. + +Most buyers (including us) are “still active”, there’s just no way to connect when seller expectations are still six months behind…feels like we’re in purgatory. Many of my senior level broker buddies are on vacation and I imagine many of the juniors are polishing off their resumes. + +The elevator is stuck. No real pain or distress yet but I imagine that will come as these 2020/2021 floaters expire. Curious what y’all are seeing? +I'm just ranting, i dunno... + +Partner acts like a bully and wants to liquidate past joint 50/50 investments to start other portfolios that he'll have more control, I just want to take what I can at market rate and do something without him. + +Came into a new portfolio under the thought process that no additional cash would be needed, we'd just get a new loan against old portfolio and that would cover the down payment for the new. Now after appraisals we are probably 30% below initial estimates, thus $10s of thousands of dollars are needed to close on the new loan. He wants to sell our joint ownership property to fill the gap; he's already started talking to the lenders stating we'll do that before getting me on board. When I talk about adding new members to fill the gap he dismisses it. He keeps taking funds that should be dispersed to members of the old portfolio to fund the matters of the new deal (appraisals, etc..) . + +He lacks the discipline to do the due diligence, as evident in the appraisals coming back short by the amount it will, and this isn't the first time this situation has occurred. I keep telling him to find new investors or something, but he always comes blank and harassers me whenever I have a differing opinion despite my support. He acts like the deals he finds are from god or something when i'm sure with a little work it can be replicated. + +We've had other mishaps, buying properties that needed lots of repairs and such that we should've never touched. But one situation where his colors started showing was when he wanted to pay tens of thousands to tokenize/crypto the portfolio. Told him it was just fluff and that we should focus on getting funds the traditional way by just finding new members. He went mad crazy and lashed out against me. He still proceeded with his own funds to tokenize/crypto it, and its just sitting there doing nothing, no new investors... +First time post, really excited to get started in real estate. I’ve been absorbing as much information as possible, driving neighborhoods, and getting a general feel for the market in my city. + +My question is, do any of you find success investing in the nicest neighborhoods of the city? While driving these neighborhoods I think about how nice the property looks and how desirable it would be, but I also then think that anyone who is truly serious about moving into this kind of neighborhood surely has the capital to do so on their own and forego paying rent. Basically, does buy and hold tend to work out in these neighborhoods, or are you looking for an opportunity to add value and flip? +I'm relatively new to this sub, however based on a few recent posts there is clear demand from users here for an easy-to-use, dynamic pro forma for underwriting new and current deals. To that end I wanted to share a model I built in Google Sheets for y'all to use, share, and comb through for errors or ways to make it better. Obviously there are tons of options out there (BiggerPockets, etc.), and my model is by no means the best, but I built it with novice and advanced users in mind and wanted to share with the broader community. Quick highlight of scenarios the model allows for: + +* Up to 8 units +* Refinancing/cash-out scenarios +* Renovations/construction and downtime (units offline) +* High leverage loans that require MIP/PMI +* Fixed and variable operating expenses (based on occupancy) +* Using positive cash flow to pay down loan balances (principal only) +* Reassessment of property based on after renovation value + +Anyway, download it to your Google Drive and take a spin through it. If you have any questions or find any errors, please DM me so I can correct them and post a new link. Hope you all find this useful. Enjoy! + +**Version to copy & edit:** [Real Estate Pro Forma - 8-Unit Multifamily - Reddit](https://docs.google.com/spreadsheets/d/1WmcsRN8G6gJA5G0-43WwCnkxWzy2McxKq8ugjdRRvgg/copy?usp=sharing) + +**View-only version:** [Real Estate Pro Forma - 8-Unit Multifamily - Reddit](https://docs.google.com/spreadsheets/d/1WmcsRN8G6gJA5G0-43WwCnkxWzy2McxKq8ugjdRRvgg/edit?usp=sharing) + +*Also, this model is a template and reflects a fake deal with somewhat realistic assumptions - it's just for illustrative purposes only. Fill out the yellow cells with all of the assumptions for the deal you're looking at to make it your own.* +How often do you meet with your spouse or significant other to discuss finances and planning?? + +Also, when you do sit down together, what is the conversation about as it relates to the financial future of your family and your FatFire journey? + +Do you review budgets and spending? Talk career advancement? Kids and family? Review investments? + +I’m curious as to what this looks like for others. +I’m in my early 30s and recently hit 1M. For the last decade I’ve saved money the traditional way. Living below my means, maxing out my 401k and Roth, and investing mostly in index funds. + +Now that I’ve hit 1M, I don’t plan to change my life style drastically but I’m willing to take more risks and curious of any strategies to hit 10M+ faster than just grinding away for the next decade (if these strategies exist). + +Going through a lot of these posts, it seems like startup IPOs are a common way to up the NW significantly. I’m curious if there’s any other strategies I’m overlooking. I hear mixed things on owning rental property (I’d prob want a management company rather than doing it myself). + +I’m currently making ~450k/year which is a lot, but still feels like a huge grind to get to say 10M from 1M. +Some wouldn't let me go lower than 50 as my target retirement age, others wouldn't let me claim i'd be saving more than 25% of my income towards retirement.... I was able to find some on top of using the FIRE calculator on this forum but I got a good kick out the mentality of these calculators. + +Some people might end up limiting themselves by thinking they should think of retiring before 50 or save more than 25% per year. +Hi all, + +Looking for a few recommendations beyond "contribute to retirement plans" + +I own a pass through LLC business with 10 employees that generated about 650,000 in profit for me. I also generated another 100k in consulting fees and I exercised options for another 100k in revenue. + +My tax bill is DISGUSTING. living in NYS I also have high state taxes. + +I own a home and have a mortgage on it. I've got about 1,000,000 in loose cash I can use for investments. I am married with two children and both my parents are alive and I'm an only child (in case leaving money in trusts under their names would help) + +What can I do to lower my tax bills in future years? + +&#x200B; + +If you guys know any great tax lawyers please DM me recommendations! +Hello! We (31F and 32M) are about to have our first (and very likely only) baby. We’re currently based in Sweden where we get to enjoy 480 days of shared parental leave, plus my employer offers another 180 days of paid leave. + +The 180 days from my employer are compensated equal to my full salary, but the 480 days from the government are capped at about 2700USD a month (after taxes). + +Disclaimer: We know we’re extremely fortunate to get paid leave at all. + +Here’s the but: +Our combined income is about 330k USD a year, of which I (F) earn the majority (circa 250k, from my employment and a business i run by myself). We would both like to take time off with the baby, husband 3-5 months and I would like to take up to a year. However, after my 6 months of employer paid leave, this would essentially mean our income will decrease by 2/3. On top of that, taking a year off may affect career development and future opportunities and earning potential, especially considering part of my income is from my own business where I work with clients. + +I feel like I am overthinking this and should just enjoy the time with our baby but also feel a lot of pressure to keep working so we can achieve our (fat)fire goals. + +We have about 950k USD in assets, savings and real estate so far. + +Any advice or thoughts? It seems rare to have the mom be the higher earner which is why I’ve found it really difficult to find input on this or even discuss with friends. +I'm pretty new to this subreddit and just started using the wheel strategy. I want to ask this question with an example: + +Let's say I sell covered calls that expire this Friday but my temptations get over me and I decide to sell additional UNCOVERED calls that expire next Friday. If my covered calls never get assigned and expire, does the brokerage automatically update my uncovered calls to become covered? +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. +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. +Haven’t seen many people here sharing positions that AREN’T meme stocks. Thought I’d get some people to share their positions with “regular” stocks. +What stock, and which strategy? +So my understanding is that in the 30 to 45DTE you have more flexibility with your trade. For example if the value of the stock raises/dips to your strike you most likely won't get assigned since the buyer normally waits for expiration date. Besides that i saw tastytrade mention 30 to 45 DTE is the sweet spot for risk to reward. What else am I missing and are the 2 points I mentioned accurate? +I'm honestly a little tentative about posting this here, but I have a chronic case of analysis paralysis, so I'm just looking for outside perspective. + +About a month ago, I found out that I (27M) am going to be a father. My wife and I are very excited for our first child, but obviously this has caused me to examine some of the choices I have made. I am a car enthusiast. I enjoy the act of driving, working on cars, and really anything that has to do with cars interests me in one way or another. I am also financially conscious, and because of this I tend to own and work on old depreciated cars that interest me. + +This leads me to my dilemma. I drive 24 year old BMW. It's a car I really enjoy and I have done extensive work it to make it my own. With fatherhood on the horizon, I'm starting to question whether or not I really want to cart my kid around in this car regularly, largely for safety reasons. Because of this I've been looking into new cars, but my enthusiast side has pushed me to look at cars right around $40,000. I know this is a lot of money for a depreciating asset, but if I am going to make payments on a car I want to make sure it's something I like. + +Here is where r\personalfinance comes in. My wife and I gross $160K, and net $100K, $125K with 401k contributions\matching included. I budget $4,500 per month, on recurring expenses, and $5,500 per month with forecasted expenses (vacations, hobbies, ect.). We put a little over 10% of our monthly net income into savings which is now at $32K. Another thing to note is we just paid off my wife's car, and were making double payments, otherwise our savings would be quite a bit higher. I've also paid off my student loans and never carry a credit card balance. + +I don't want this to sound like a humble brag, but I know that we can technically afford a car in the price range I am looking. What I have trouble with is the opportunity cost of investing what I don't spend on the car. Am I just being too cautious or am I an idiot for thinking of spending $40,000 on a car? + +**TL;DR - Car enthusiast thinking of buying $40K new car, with $100K net income, and 45-50% savings rate. Am I an idiot or too cautious?** + +**Edit** - Did not expect so many replies. Trying not to ignore all of you with decent insights. I thought I should provide a little more information since some of the same points keep coming up. + + * My wife drives a 2013 CX-5, this will be a primary kid hauler. + * I plan to keep my car. It's a 1992 BMW 525iT. It's a wagon but it's also a bit of a "project car" being 24 years old with ~200k miles it is ready to retire from daily driver status. + * My savings rate is calculated based on my Total Earned Income, which I calculate as: (Net Income + Retirement contributions + company match) + * We have a home with a mortgage. Conservative equity of 50K after owning 5 years. + * We have a NW around $180K including home equity. Not a brag, but someone said it helped. +Welcome to MiniShibaInu $MSI. + +A new low marketcap token launched with an active team and marketing plans. + +MiniShibaInu is a memetoken on the binance smart chain that generates passive income for his holders by providing 7% Rewards in ShibaInu on every transaction. + +ShibaInu is on a massive upwards trend and even surpassed Dogecoins Marketcap.If you missed this insane rally MiniShibaInu is the next big opportunity.After Shibainus run money will flow into smaller mcap altcoins like MiniShibaInu.Paired with an insane Influncer campagne and doxxed dev MiniShibaInu has a 100x potential. + + + +🌐 Our project differs from the rest because it has a passionate Team based in Europe with a dev working to develop a safety environment and also surrounding the token with massive promos. + +🎯Roadmap + +Phase 1 + +- Official Pancake Swap Launch +- Design for Website/Social Media +- Social Media Launch +- Website Launch +- PancakeSwap Logo +- Influencer Marketing +- Daily AMAs + + Phase 2 + + -Coin Gecko Listing + -CMC Listing + -Website Improvements + -Secret NFT Project Reveal + -Twitter Raids, Shilling Competition + +Phase 3 + +-Cooperations with other Projects +-Release of MiniShibainu Merch +-Large influencer marketing push +-Memecontest for the Community + + +Phase 4 + +-Audit +-CEX Listening +-Explore gaming possibilities +-Increase marketing +-Release NFT market place, NFT collection, and NFT game for MiniShibainu + + +🗒Tokenomics + +- 10.000.000.000. +- 7% Rewards in ShibaInu +- 3% Marketing +- 5% Liquidity + + +📱Tg: https://t.me/Minishibainutoken + +🐦Twitter: https://twitter.com/ShibainuMini?t=dcDKNNwuYscEgNJOg3VGzQ&s=09 + +🌍Website: https://minishibainu.de/ +AdMonkey has had a solid day of trading, smashing the V2 ATH. All of this with no marketing in place, the project is yet to get off the ground! + + +The usecase behind AdMonkey is a unique crpyto AdTech platform providing advertisers with a cutting edge ad serving platform, where they can create and manage their CPC/CPM ad campaigns for new and upcoming projects. For publishers we offer high payment rates, rapid transfers and a solid support base. + + +In addition to the AdTech platform, AdMonkey is already developing a BSC/ETH wallet where users can manage their portfolio and their rewards from AdMonkey. + + +The AdMonkey bespoke dApp allows holders to fully manage their investment including choosing their reward token, seeing total rewards paid and upcoming rewards. + + +A generous 12% reward on sells (8% on buys) makes AdMonkey one of the leading contenders in the reward project scene. There is also a generous reward pool from the AdTech platform, with 14% of revenue being distributed among holders. The potential for the reward pool is up to 2000BNB per week. + + +Now is the time to check this project and make an investment. + + +Telegram: [https://t.me/admonkeytoken](https://t.me/admonkeytoken) + + +Website: [https://admonkey.network](https://admonkey.network) +I'm looking for a low stress job, that pays reasonably well: \~30k, and has a relatively low barrier to entry, e.g. doesn't require a degree in dentistry or similar. Going back to university is an option for a 3 year course max (I already have a degree) but would be economically very painful at this stage of my life (37). + +Does anyone here have one of these mythical beasts, or better yet, has had multiple different careers so can compare which one meets this category out of the jobs you've tried? + +Thanks +For 2017 the stock market plus my own savings contributions brought my total to $990,000. I also bought my father a 20k car, so actually without that I'd be over the 1 mil mark. I'm 49.5 right now, so I'm 12.5 years away from even minimal social security, and 15.5 years away from Medicare. I have zero debt. + +Anyway, now I'm on that edge. I have a job I don't particularly like, but it's paying the bills and comes with decent medical. After some computations I figured out that my annual expenses are around 50K; I live in a relatively high COL area. If I left my job I'd be on the hook for medical insurance, so that would be an additional expense. + +I rent where I live right now, but I also own a house (outright) in a different area - I can't afford to buy anywhere near where I work right now. The home I rent out offsets the repairs, so it's kind of a wash there. If I quit my job and moved back into my house, I MIGHT be OK, but I'd have to leave the job market where my skills are more in demand. And I'd have to leave the sweetie behind, because there's no way in hell he's leaving his cush high paying gig. We're not married, but we have a cat together. A very wonderful, handsome cat. + +Logically I know I should wait a year or two to get that sweet sweet cushion, but I can just taste the freedom NOW. And it's making me crazy. I can't stop compulsively running numbers on my calculator, trying to see how conservatively I could invest and still be able to stop working, then how cheaply I could live, etc. My life has turned into a set of spreadsheets that I conjure up when I am distracted. Then I head over to firecalc and friends and go even nuttier running simulations. + +I just had to get that off my chest. I'm not sure what to do about it; I figure there must be a few folks here who also went a little loopy when they got CLOSE but weren't quite there yet. +I started on Monday but my income should be going from 1700 a month to close to 4400 a month after taxes. I'm pretty damn excited to eventually get myself out of debt. If the calculations I did are right I should be able to put 1500 in savings a month, and finally get caught up on all my bills. In 90 days I also get an evaluation and if it goes well I'll get a $3.50 raise. Looks I'll be able to get out of poverty. +I am sort of new to trading/investing. I am curious to see if companies choose a specific day to relase their earnings. Also, which day is the best to release? Is monday the worst day to trade or is it Friday? Basically, is there any strategy to the timing of the companies' earnings? +I am running my own built C# command line bot, trading via Kraken's API. + +The bot connects with the API on set intervals, does its magic and determines a trade strategy (buy, sell or stay in position). + +It works quite well, but I am always dependent on my laptop turned on and connected to the internet. Sometimes I want to take my laptop along on a trip and that means I have to stop the bot. Not ideal. I want it running 24/7, like it has been for the past 12 months. + +My plan was to get a dedicated desktop, have the software running there. But what if my home internet would go offline? Of a power-failure? + +Then I was thinking maybe I could move to a webbased bot? One that I build myself, not based on tools like Gecko or online bot services, I like to learn a new skill. But my experience is desktop .NET programming (C, C#, VB) and I have no idea how to get started on the web? I have a couple domain names, I have webhosting, access to CPU's etc. + +How do I build something that runs like my desktop based bot, but in a web-environment? What language should I look at? Is that Python? And how do I deploy something on a webserver? + +Looking forward to tips!! + +&#x200B; + +&#x200B; +Did you guys ever try your hand at that? I've been stubbornly trying to make this work in forex or equities, but absolutely nothing works and I'm about ready to move on. Maybe try pairs/portfolio mean reversion which seems to be more popular generally. +Say for example i have seen the house i like on rightmove, what exactly is the next step of action? + +\- If i can afford the home outright in cash is the process different to a mortgage? + +\- How long does the overall process take? + +Any advice will be great! Thanks guys :) +Hi guys, +I’m 28 and Wife is 26. +Combined income of $176,000 in 2018 and have both had pay increases this year. +We currently own one house with a mortgage of 341,000. +We have an offset with $20,000 in it but have planned a Europe trip for 5 weeks July - August. + + +My wife and I built in 2015 at a really good time that has seen some great growth in a short amount of time. +Currently we owe $340,000 on our mortgage with our current lender valuing our property at $545,000 12 months ago. +With the market not entirely booming to sell right now we are looking at purchasing a nicer house in a nicer suburb for what appears to be a steal ( for the suburb and house ) +The price we believe we will be able to purchase this new property is at $710,000. +After fee’s etc the total would be closer to +$752,751 + +While we would then rent our current residence out for $400 per week ( going rate in the area ) and change it to an investment interest only loan. + +We are lucky enough to have been gifted some money to use a 10% deposit ( more on this below ) that we will be paying back at settlement to our generous family member which means we wouldn’t be putting any of our savings towards this new property. + +As we are also going to just exceed 80% of LVR we’d have to take up LMI but again this same family member has opted to act as a security guarantor as although we don’t have the money here to use right now repayment wise we comfortably can service the loan on both of our incomes and would prefer to avoid roughly $20,000 in LMI. + +The repayments or servicing the loan I don’t believe will be an issue. +I also crunched our monthly expenses numbers and it doesn’t seem to be an issue if we budget and be a bit more frugal in some areas... this is where concerns for me start. +I am already quite money conscious and we live comfortably but this added stress would only make it worse on me. + +We had put in an offer subject to finance and some other conditions so backing out of the purchase is a non issue if need. + +After this our family member has decided to not go as guarantor or give the deposit as they are worried about the risk we are taking in it all and don’t feel like it’s a good decision ( I agree ) + +This is what the maths would look like for us. + + +So our current home becomes the investment loan. +I/O loan of $342,000 +Monthly - $1,103 +Fixed 2 year 4.11% + +Expected rent is $400 P/W + +New home +P/I loan of $752,751 +Monthly - $3,508 +3.8% ( broker said he’d get us ) + +Now we know that a rent of $400 p/w covers the repayments as well as property manager fee’s etc for that first 12 months at least from all calculations. + +I believe this puts us in a very high risk situation. +The loan on the new house is very high and I don’t know how the banks would even entertain the idea ( apparently no issue the broker said ) maybe that’s because of the equity in the current property? + +If the market falls slightly we are in negative equity on a massive asset. +My wife doesn’t think I’m trying to see a positive outside to this and simply throws it away saying “ we will just sell the investment and stay in the new one” +Which to me is going backwards and a poor decision. +We would hardly make a dent in that loan if the market falls. + +She says I am too closed minded and that if we think about the future and what could happen we could easily say “well I may die tomorrow etc” which again I don’t like that frame of thought. + +My concerns are met with comments like “you just have anxiety and need to stop stressing” + +She also says that in two years time she’d like to start a family but has no plans on stopping work. +I think that is a big decision to make prior to an event happening. +Even if she took maternity leave and went back part time in her role ( that’s an option ) I think the stress would eat me alive. +It would be doable but I don’t want to live that way. + +I want to go away on holidays and enjoy ourselves and maybe re asses once we are back. +Sit down with a financial advisor and sort out something we both feel comfortable with. + + +Sorry for the long post. +More of a vent then asking for advice I suppose. + +If more info is needed I’m easy to reply to everyone. +Bloomberg article: [https://www.bloomberg.com/news/articles/2021-02-25/fed-views-rising-yields-as-bullish-sign-reflecting-2021-optimism](https://www.bloomberg.com/news/articles/2021-02-25/fed-views-rising-yields-as-bullish-sign-reflecting-2021-optimism) + +>Several Federal Reserve presidents argued Thursday that surging Treasury yields reflect economic optimism for a solid recovery from the Covid-19 crisis and stressed that the central bank has no plans to tighten policy prematurely. +> +>“I think the rise in yields is probably a good sign so far because it does reflect better outlook for U.S. economic growth and inflation expectations which are closer to the committee’s inflation target,” St. Louis Fed President James Bullard told reporters after a virtual speech. +> +>Comments by Bullard and two other Fed leaders, Atlanta’s Raphael Bostic and Kansas City’s Esther George, showed that the central bank’s policy makers are solidly united behind Fed Chair Jerome Powell’s patience in making any adjustments to monetary policy. +> +>Powell told lawmakers this week that the nation was still a “long way” from the Fed’s goals for full employment and price stability, signaling the central bank will maintain ultra-easy monetary policy for some time -- despite hopes for a strong economy later this year as vaccinations spread. +> +>The Fed presidents agreed with Powell’s characterization of the rise in yields as “a statement of confidence” in the economic outlook. The 10-year Treasury yield reached 1.61% Thursday, the highest in more than a year, before trimming its gains. +> +>Yields on U.S. 10-year notes have climbed to the highest in more than a year +> +>“Much of this increase likely reflects growing optimism in the strength of the recovery and could be viewed as an encouraging sign of increasing growth expectations,” George said in a speech. +> +>Bostic told reporters he was not expecting the Fed to respond to rising yields: “Yields have definitely moved at the longer end, but right now I am not worried about that.” +> +>All three Fed presidents said it was premature to begin discussing tapering of the central bank’s massive bond-buying program, with Bullard noting that Powell would initiate the discussion when it’s appropriate. Strong Rebound +> +>In separate remarks, a fourth Fed leader, New York’s John Williams, said the economy was poised for a strong rebound. “Indeed, with strong federal fiscal support and continued progress on vaccination, GDP growth this year could be the strongest we’ve seen in decades,” he said, though he added that underlying inflation is likely to remain “subdued for some time.” +> +>Bullard echoed that optimism, noting the Atlanta Fed’s tracking model shows robust growth for gross domestic product in the first quarter. He predicted the U.S. unemployment rate will drop to 4.5% by year’s end, with pent-up demand and elevated savings boosting spending by Americans. +> +>“I gave a rosy outlook today but it’s only an outlook,” Bullard said. As for a policy change, “the chair has wanted to start that conversation only when it’s appropriate and not get ahead of ourselves even though we do have high hopes the pandemic will come to an end.” +> +>Bostic emphasized that the labor market still has considerable pain, especially for lower-income workers and minorities, and that it would take a long time to regain the 10 million jobs that have been lost. +> +>“Just to remind you, our mandate is full employment,” Bostic said Thursday during a virtual speech to the Atlanta Fed’s banking-outlook conference. “It’s not full GDP. It is not the size of GDP. So this disparity is something that is important and something we are going to have to continue to watch closely.” +Pardon my rambling post. + +What are renters long term protection plans to runaway housing costs 20-40 years out? The focus is rent vs. buy calculators are great if you are in a rent control home. Otherwise, it seems as FIRE renters we are setting ourselves up for a mid-FIRE crisis. + +It seems like right now the rent vs. buy in any "want to live in" city from San Francisco, Los Angeles, Bozeman, Portland, Boulder, <insert your favorite city here> I could go on and on...and on, has a housing shortage. There is a growing trend between the cost to purchase and the price of rent, where renting is far cheaper than owning. Put it in your rent vs. buy calculator for these cities and renting is winning far more than buying and usually by a significant amount. Hundreds if not thousands of dollars per month saved renting. It's investors chasing returns anywhere possible and parking money. Nothing about the quality of the city, families, walkability, blah, blah, "insert realtor fallacies here" + +&#x200B; + +The test: + +Go on Zillow and find 10 homes for sale in a desirable part of town. Now go on craigslist and find a house or apartment on the same street, maybe even the same home and its last advertised rental amount. Without fail in all of these places 9 out of 10 times I'm finding it's far cheaper to rent than purchase the home. Example. A home in Bozeman is renting at $1,400. Its purchase price is $429,000 (mortgage + taxes around turns it to a $2k monthly ownership outlay. Not including maintenance, etc.). A condo is renting at $1,100. The same condo is selling at $389,000. In Santa Monica, an apartment two blocks from the beach rents for $2,400. A 1 bedroom condo on the same street sells for $750k + 750 HOA. I've done this for dozens of cities and hundreds of homes in these cities as I look for investment properties. The numbers never work. You can add in the metric of average income per household for a city and find that the average in those cities doesn't make enough money to pay the mortgage costs. It's mind boggling. + +With FI on my mind the goal is to not lose (locked out of my favorite place to live) in this housing battle. I understand predicting long term is "speculation" so call this a fun exercise. How do we not lose when renting wins the rent vs. buy calculator over a 30 year span? In Santa Monica you have rent control that protects renters that choose to FIRE. I could stay there for life, but I find rent control has a terrible influence on critical life decisions such as how big of a family to have, when to couple up, or anything that might influence you leaving the rental or outgrowing it. + +In San Francisco - rent control can also be used for protection, but only in certain parts of town and buildings of a particular age. In other cities and states where rent control does not exist, those that choose the rent vs. buy calculator option could find themselves forced to move to a second, third, or fourth tier city or a bad part of the city that is affordable. You might say - big deal, But that little move will reset your rent 20 years from now. It will change your routine and the people you've built relationship with over time. Your friends will now live a far driving distance from you, ultimately breaking relationships. You have to find new running route, biking routes, and hobbies reframed for whatever weather or terrain you end up being able to now afford on your FIRE income, since you chose to be a FIRE renter and you are now 20 years in the future and at 20 year future "market rate" rents. + +One thing I've also noticed, people use to say, "Only buy if you are going to live there for 10 years". Then it went to 5 years. I just read someone on this forum say "Buy if you are going to stay for at least 3 years". I thought that was absurd, but reflecting, if you can afford it and have plans to FIRE within 10 years maybe you buy no matter what simply for the protection. If you get locked into your house due to a crash, then that's where you are going to FIRE and that's the worse case, not all that bad because you still get to FIRE in a place you are already familiar and have built relationships around. + +My strategy is I rent my primary residence in a rent control location (luck, not part of this equation). To offset my rental, I've decided to purchase a rental property in the cheapest house to purchase city with a great quality of life that I'm excited to FIRE in, but can't today due to my work. To me this is my rental offset program. If housing goes down and my retirement property plummets, I'm hedged by my rent vs buy savings. Today a portion of my rental savings is diverted to pay for the mortgage on my future FIRE rental home where the rental income doesn't cover the mortgage. No property investor in there right mind would say that's a good deal, but this isn't about income investing. It's all about protection and not being trapped during FIRE or being priced out of housing 20 years out. + +I also happen to live in a rent control apartment today in a great location, but a determined investor can wreak havoc on a rent control tenant to the point of it not being worth it and ultimately kicking you out (see previous remark of welcome to 20 years in the future rental rates). This is inevitable for any rent control property if investors continue to chase anything and everything for a place to park money and a tiny return. + +&#x200B; + +Name a city and find its "housing crisis". Funny given we had a big ole housing bust followed by some of the lowest population growth ever in the US and now we don't have enough housing. + +&#x200B; + +[https://finance.yahoo.com/news/boulder-can-teach-nation-housing-crunch-180135043.html](https://finance.yahoo.com/news/boulder-can-teach-nation-housing-crunch-180135043.html) + +[https://www.minneapolisfed.org/publications/fedgazette/montanas-housing-crisis-what-is-and-isnt-working](https://www.minneapolisfed.org/publications/fedgazette/montanas-housing-crisis-what-is-and-isnt-working) + +[https://www.huffingtonpost.com/entry/san-francisco-housing-crisis\_us\_5750a95ee4b0eb20fa0d682e](https://www.huffingtonpost.com/entry/san-francisco-housing-crisis_us_5750a95ee4b0eb20fa0d682e) + +[https://www.opb.org/news/series/greetings-northwest/a-look-back-at-oregons-housing-crisis/](https://www.opb.org/news/series/greetings-northwest/a-look-back-at-oregons-housing-crisis/) + +[https://www.usnews.com/news/best-states/articles/2017-10-11/addressing-portlands-housing-crisis-a-priority-for-citys-age-friendly-initiatives](https://www.usnews.com/news/best-states/articles/2017-10-11/addressing-portlands-housing-crisis-a-priority-for-citys-age-friendly-initiatives) + +[http://www.santamonicanext.org/2016/06/santa-monicas-housing-shortage-is-nearly-as-bad-as-san-franciscos/](http://www.santamonicanext.org/2016/06/santa-monicas-housing-shortage-is-nearly-as-bad-as-san-franciscos/) + +Population growth: + +[http://www.multpl.com/us-population-growth-rate/table/by-year](http://www.multpl.com/us-population-growth-rate/table/by-year) +**The meme play of the day, but also so much more!** Our developer from Barselona has great plans for this coin, including farms, NFTs, and everything you can possibly imagine. Right now the focus is on building a strong community and discouraging people from selling, which is why every step was taken to ensure that nobody has any advantage at launch! + +There’s a total initial supply of 1.000.000 $WATERCAT, instead of 500 quintillion like many other coins. It’s an easy to understand number, without 15 zeroes in front. This makes $WATERCAT happy + +**For every transaction, there’s a 15% fee** + +5% Redistribution: All $WATERCAT holders automatically receive yield from sellers. This rewards holders + +5% Liquidity Pool: The Liquidity Pool at PanCakeSwap is constantly reinforced. This avoids extreme price volatility + +5% Burn: With every transaction, there is less $WATERCAT available. This creates upward price pressure + +**Anti-Whale Tokenomics** + +Maximum Transaction Size: Set to 5000 $WATERCAT - 0.5% of the initial supply. This will avoid instant price dumps by any whales + +Fair Pre-Sale: Max 1 BNB bid, 100 BNB HardCap. The listing price at PanCakeSwap is the same as the Pre-Sale to avoid initial price dumps. No round seeds, no private investors, no marketing deals with anyone. Launching through DXSale (no rugpulls) + +50% Pre-Sale, 45% Liquidity Pool, 5% Team allocation + +**Roadmap for the next few days** + +Pre-Sale: DXSale! 500.000 $WATERCAT to be sold at at Pre-Sale! Liquidity locked automatically, no rugpull possible. + +Listings: CoinMarketCap, CoinGecko + + +**WEBPAGE**: watercat finance + +**TWITTER**: twitter com/WatercatF + +**TELEGRAM**: t me/watercatfinance + +**DISCORD**: discord gg/vZAr5BtY6S + +**GITHUB**: github com/WaterCatFinance/WaterCatToken + +**MEDIUM**: watercatfinance medium com/watercat-finance-d83ea304c31a + +WaterCat is launching on Pancakeswap in 20 minutes! +So I went into Guitar Center and saw an amazing guitar that I’ve always wanted. A salesman came up to me and told me that they had a sales promotion from Black Friday which would allow me to finance the guitar for 48 months with 0% APR. I told him that I would need to think about it, so I went home and decided later that day that it was a pretty good deal on the guitar. + +So I went back into the guitar center later that night and told the sales person that I would like to go ahead with that deal. + +I asked him if he could please check with his manager to make sure that that particular instrument was eligible for the 48 months 0% APR financing. + +He went and walked away, then came back a few minutes later and assured me that Guitar would be eligible for these specific terms. + +He told me while he completed the bill of sale that I should fill out the credit application. This is a credit card through synchrony. + +After filling out the credit application and him running my credit score and pulling out the line of credit in my name, his manager came over to verify the information put on the invoice for the bill of sale. This is when things take a turn for the worse. + +After the line of credit had been approved and taken out in my name, the manager informed me that the guitar was in fact not eligible for the sales promotion because it was a used instrument. + +The reason I decided that I could buy the guitar was based upon my understanding of the Sales promotion. After having signed up for the credit card they told me the deal I signed up for wasn’t possible because the guitar I was interested in didn’t actually qualify. + +The sales associate made a mistake and didn’t realize the guitar I wanted wasn’t able to be sold under that specific 48 month 0% Apr financing term and rather only a 6 month term instead. + +I don’t know if I want the guitar now, but the credit has already been taken out in my name. + +What can I do? I tried talking to the manager, He has no solutions for me. +I tried contacting Guitar Center’s corporate office, but of course they won’t answer. + +Will my credit be even more affected if I cancel the line of credit? + + +EDIT: Thanks everyone for taking time to respond. Lots of really good tips and insight that I wasn’t aware of. + +I am a composer, so this purchase is semi-work semi pleasure. I can buy it cash, but my original thoughts in financing it were;“oh wow that’s a good sales promotion, I could make small payments for a while then just pay it off completely to build my credit score more“ + +Is this not a good way to think? +This is the [FV SATOSHI.](http://imgur.com/C7YGylQ) + +FV stands for Fishing Vessel. I just wanted to share the story of the best thing I've ever bought with Bitcoin. While people bicker over failed exchanges and crashing exchange rates, I finally got to see this beauty. That smile on that fisherman's face is really priceless. + +The fishing boat, which costs roughly $115, belongs to the first batch of boats donated through a project called "Pledge-a-banca" started by my friend, Jericho Ilagan, to help the fishermen of Tacloban, Philippines. Jericho and his wife and family are all natives of the city which was [leveled by the biggest storm the world has ever seen](http://www.esri.com/services/disaster-response/hurricanes/typhoon-haiyan-yolanda-swipe-map). He is now working tirelessly to provide a new life to those who lost everything in typhoon Yolanda (Haiyan). He has a pretty amazing story, and if you have a few minutes to spare, i strongly encourage you to read the whole thing [HERE](http://pledgeabanca.wordpress.com/about/) on their project webpage. + +When he started this project in late November with a simple goal of fifty boats, I convinced him to accept Bitcoin, and after explaining it to him, he thought that it was amazing and said "why not!" Less than 60 days after he started his humble project (using mostly social media), he received pledges for over THREE HUNDRED boats from friends all over the country and the world. Out of that 300, five (including mine) were donated using Bitcoin. He just finished the [first batch](http://imgur.com/yXWlNFJ) of [boats](http://imgur.com/v7TTvlQ) and mine was one of the first ones out of the assembly line. + +Rebuilding lives is a long term project and these guys need all the help they can get. If you feel like donating to the cause or even just helping out in any other way, you can message me and I can provide direct communication with Jericho himself via email or phone. Even if you cannot give anything, just sharing this cause would be a big help. + +As a plus, you can even name the boat you donate, which is pretty cool :) + +EDIT: If anyone wants to donate anonymously, I have told Jericho that i will be posting his address here and also, I will take all tips received on this post and give it to him as well. I'll make sure everything is accounted for and will post updates here. His address is 13ds3qLAVbZLrxt5YbH8WN8Z4o3aN91mTT. Thanks! + +EDIT2: I perfectly understand that some people will doubt if this is legit, and all I can say is if you have any questions to ask, message me and fire away. This is [Jericho's Facebook page](https://www.facebook.com/jerichoilagan) where he posts constant updates about the project. Hope this helps. + +**Update:** 12 hours after posting this, the address has received .17578 BTC and I received .01658 in bitcointips. That's .19236 BTC or **$115.99** at today's Bitstamp exchange rate of $603/BTC. I think we should name this boat **FV R/BITCOIN** :) + +**Update 2: (24 hours later)** Yesterday, Jericho ( /u/atletajericho ) added a "Bitcoin donations accepted" and QR code on the bottom of his project webpage. Thanks to everyone who gave something, it will be put to good use. When the boat we donated is finished, I will surely post it again on this subreddit :) + +**Update 3: (a little under 48 hours later)** Today Jericho was contacted by someone directly, and they sent 0.5 BTC to his address for TWO MORE boats, and then less than an hour later, another .21 BTC went through. That makes the total .90236 BTC or **$522.40** in less than 48 hours. Thank you kind sirs! That's FOUR more fishermen who gets their livelihood back! + +**UPDATE 4: (3 days later)** Received another full 1.0 BTC ($575.00) today from one generous individual. FIVE MORE BOATS! A few hours after, another .4 BTC ($230) came through for 2 more boats :) Total amount so far: **$1,227.40** or **ELEVEN BOATS!!!** Amazing. THANK YOU! + +**UPDATE 5: (~1 month later)**: Today, I just received .48 BTC ($216) and 2 weeks ago got .21 BTC ($115) for a new total **$1,558.40** for a new total of THIRTEEN BOATS! You guys rock :) +[https://investorplace.com/2020/02/nio-stock-could-be-headed-to-0-despite-dead-cat-bounce/](https://investorplace.com/2020/02/nio-stock-could-be-headed-to-0-despite-dead-cat-bounce/) + +this may creating a buying opportunity for tesla after earnings in April after.... china will not be buying electric cars in first quarter 2020.... current support for tesla is at 450 like half the price with an RSI showing the stock is seriously overbought + +tesla pullback may come for investors and create a buying opportunity +[https://investorplace.com/2020/02/nio-stock-could-be-headed-to-0-despite-dead-cat-bounce/](https://investorplace.com/2020/02/nio-stock-could-be-headed-to-0-despite-dead-cat-bounce/) + +this may creating a buying opportunity for tesla after earnings in April after.... china will not be buying electric cars in first quarter 2020.... current support for tesla is at 450 like half the price with an RSI showing the stock is seriously overbought + +tesla pullback may come for investors and create a buying opportunity +[Source](https://www.federalreserve.gov/monetarypolicy/files/monetary20210728a1.pdf) + +[https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20210728a.htm](https://preview.redd.it/55m14z9rvzd71.png?width=922&format=png&auto=webp&s=edeffaefb7d91a7c54c5f444fc7c2cbb33d14b15) + +The Board of Governors of the Federal Reserve System voted unanimously to establish the interest rate paid on reserve balances at 0.15 percent, effective July 29, 2021. + +* As part of its policy decision, the Federal Open Market Committee voted to authorize and direct the Open Market Desk at the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the System Open Market Account in accordance with the following domestic policy directive: "Effective July 29, 2021, the Federal Open Market Committee directs the Desk to: + + * Undertake open market operations as necessary to maintain the federal funds rate in a target range of 0 to 1/4 percent. + * Increase the System Open Market Account holdings of Treasury securities by $80 billion per month and of agency mortgage-backed securities (MBS) by $40 billion per month. + * Increase holdings of Treasury securities and agency MBS by additional amounts and purchase agency commercial mortgage-backed securities (CMBS) as needed to sustain smooth functioning of markets for these securities. + * Conduct overnight repurchase agreement operations with a minimum bid rate of 0.25 percent and with an aggregate operation limit of $500 billion; the aggregate operation limit can be temporarily increased at the discretion of the Chair. + * Conduct overnight reverse repurchase agreement operations at an offering rate of 0.05 percent and with a per-counterparty limit of $80 billion per day; **the per-counterparty limit can be temporarily increased at the discretion of the Chair.** + * Roll over at auction all principal payments from the Federal Reserve's holdings of Treasury securities and reinvest all principal payments from the Federal Reserve's holdings of agency debt and agency MBS in agency MBS. + * Allow modest deviations from stated amounts for purchases and reinvestments, if needed for operational reasons. + * Engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency MBS transactions." +* In a related action, the Board of Governors of the Federal Reserve System voted unanimously to approve the establishment of the primary credit rate at the existing level of 0.25 percent. + +https://i.redd.it/3ye7nhu9vzd71.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](https://www.reddit.com/r/Superstonk/comments/okicjz/inflation_alert_bank_of_canada_and_bank_of_new/), the Fed still claims this inflation is “transitory"... + +TL:DR - The Dollar losing purchasing power + Inflation = Permanent Loss of purchasing power. Unless one of the many other catalysts triggers the MOASS, [I believe inflation is the match that has been lit that will light the fuse of the rocket](https://www.reddit.com/r/Superstonk/comments/oe6i3l/tldr_i_believe_inflation_is_the_match_that_has/). + +&#x200B; + +[Thanks for dropping by and taking a dive! Please let me know if you have any questions or ideas on other areas to explore, happy to try and help. I hope you have a great rest of your day!](https://i.redd.it/dl4lsel7vzd71.gif) +This is a weird one, apologies if this is the wrong subreddit. + +Last week, my manager asked us to book flights and hotel rooms for an out of state training. We use personal credit cards and are reimbursed at the end of the month. I booked my flight, and got us an Airbnb since it was cheaper (and nicer) than 3 hotel rooms. + +The training was canceled today. Thankfully, I was able to be completely refunded for the Airbnb. But the airline will only issue me a credit for the flight. + +My manager does not want our company to reimburse me for the flight, since I can use the flight credit for personal travel. I requested that the company still pay me for the expense, and if I use the credit (which I honestly don't plan on it - all my travel for the next year is already booked) - that I will let them know and they can deduct it from my paycheck at that time. + +My manager said "we can talk about it". + +What would be normal protocol for a situation like this? Am I just SOL for the $200 flight I booked? +Hello all. I’m in my mid 20s and still living at home with my parents. I have around 70k in my savings but kind of found myself in a “what am I saving for?” Moment. 44k is for student loans that will be paid off in January (why I’m living at home, but woohoo debt free from student loans!). I do have an investment account that I feed money into once or twice a month (mainly mutual funds, ETF’s, IRA account as well). I guess I’m just asking why am I holding onto this money? I would like to skip an apartment and move right into a house, but is that something worth saving for in my bank account? Should I look into other smaller investments? Should I pay off my car? + +I’m pretty lost with this but I am a good saver with money. Just need to put more of it to work for me. +If anyone has any suggestions, tips, stories, etc please share! Quite overwhelming and is leaving me confused! +# Recent Commentary on the Down Economy + +&#x200B; + +* JP Morgan CEO Jamie Dimon now says that [we'll have 'something worse' than a recession](https://www.yahoo.com/video/jamie-dimon-warns-something-worse-130119140.html). +* Meta CEO Mark Zuckerberg says, “If I had to bet, I’d say that this might be one of the [worst downturns](https://fortune.com/2022/07/01/facebook-warns-staff-not-expect-big-budgets-new-hires-be-prepared-to-work-harder/) that we’ve seen in recent history.” +* Galaxy Investment CEO Mike Novogratz says, ["The Economy Is Going to Collapse. We Are Going to Go Into a Really Fast Recession."](https://www.barrons.com/articles/economic-collapse-michael-novogratz-recession-51655502522) +* Tesla and SpaceX CEO Elon Musk, even though he said he has "no further TSLA sales planned," [he just dumped $7 Billion worth more of Tesla stock](https://www.cnbc.com/2022/08/09/elon-musk-sells-7point92-million-tesla-shares-worth-6point88-billion.html). +* Berkshire Hathaway CEO Warren Buffett just saw [Berkshire Hathaway lose $44 Billion in Q2 2022 alone](https://www.business-standard.com/article/international/berkshire-hathaway-posts-43-8-bn-q2-loss-as-stock-holdings-tumble-122080700624_1.html). He is [throwing in the towel](https://www.investors.com/etfs-and-funds/sectors/sp500-warren-buffett-finally-throws-in-the-towel-on-four-lousy-stocks/) on many stocks. +* Goldman Sachs Economists now see [a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession](https://www.cnbc.com/2022/08/15/goldman-sees-a-feasible-but-difficult-path-for-the-fed-to-defeat-inflation-without-a-recession.html) + +&#x200B; + +# The Technicals + +2022's first half was the worst half to a stock market year in the last 52 years. This saw the S&P 500 move down from 4,818.62 to 3,636.87. This is a range of 1,181.75. Of this range, an ideal fibonacci retracement (bear market short-term rally) would be 61.8% back up in this range. That takes us 730.32 up from 3,636.87 which gives 4,367.19. Yesterday's high was 4,325.28. This high was within 1% error of the ideal 61.8% Fibonacci retracement. + +Thus, the 50 Week Simple Moving Average of the S&P500, as a further catalyst for resistance, will reject the S&P500 down, thereby allowing for the horrible stock market downturn to continue. + +That said, the first half of 2022 was the worst in 52 years, the third quarter was one of the best, and the fourth quarter may end up being the worst stock market quarter on record. Here is a visual: + +[Weekly Chart](https://finance.yahoo.com/chart/%5EGSPC#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.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.KAjCAoMTIsMjYsUG9pbnRzKSIsInBhcmFtZXRlcnMiOnsiaXNWb2x1bWUiOnRydWUsImNoYXJ0TmFtZSI6ImNoYXJ0IiwicGFuZWxOYW1lIjoi4oCMVm9sIE9zY.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): Both the 50 Week Simple Moving Average and the completed 61.8% Fibonacci Retracement are now serving as the catalyst to resist/reject the S&P500, thereby allowing for the continuation of 2022's worst market downturn of all time + +[The Daily chart](https://finance.yahoo.com/chart/%5EGSPC#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.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.KAjCAoMTIsMjYsUG9pbnRzKSI6eyJ0eXBlIjoiVm9sIE9zYyIsImlucHV0cyI6eyJTaG9ydCBDeWNsZSI6MTIsIkxvbmcgQ3ljbGUiOjI2LCJQb2ludHMgT3IgUGVyY2VudCI6IlBvaW50cyIsImlkIjoi4oCMVm9sIE9zY.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--) is just as bad: In this case, the price is rejected by the 200 Day SMA + +&#x200B; + +# 1929-crash-like Margin Deleveraging + +[FINRA Margin Statistics](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) has been updated to include July. As expected, we got a slight reprieve in debit balances in customers' margin accounts. Nevertheless, graphing the data and adjusting for the near-record inflation for each data point, we can see that we are still in the worst bubble by value in the history of the stock market. + +Fibonacci of this graph shows that Margin has to collapse up to $370 Billion more from August's expected margin value), depending on the strength and speed of the deleveraging. + +FINRA Margin Totals, Adjusted for Month-by-Month Inflation. Dotcom crash (left bubble), 2008-2009 crash and great recession (middle bubble) and the current bubble (right). Fibonacci retracement values are listed for 61.8% and 78.6% of each deleveraging period. One can observe that the bottom of margin deleveraging bottoms within that range, depending on the strength and speed of the unwinding. (61.8% seems to correspond to slow and weak, and 78.6% seems to correspond to fast and strong). The data shows that the market will continue to deleverage and crash + +&#x200B; + +# TLDR: + +Unfortunately, summer is ending. The short-term rally has expired, as technicals show three problems for the stock market: 1: A perfect rejection off the S&P500's 50 week Simple Moving Average, 2. The 61.8% retracement already happened, and 3. A perfect rejection off the S&P500's 200 day Simple Moving Average. In a 1929-like scenario, total margin (and adjusted for inflation) shows that we are still in the largest margin bubble of all time. Fibonacci levels on the inflation-adjusted FINRA margin data show that the market has to still undergo up to $370 Billion of deleveraging. Therefore, I am hereby predicting that the fall and winter months of 2022 will be some of the worst months in stock market history. Leading market strategists such as Dimon, Zuckerberg, Musk, Novogratz, and even Warren Buffett concur, and some say that 2023 will be a Depression. Will 2022's crash lead us into 'the greatest depression,' and do you think Warren Buffett will die \[either because of or\] during this crash/depression? Please provide your thoughts and comments below. +SU closed at $40.97 on Friday and I had sold a call on the shares at a strike of $41. It looks like the option was exercised at end of day. It doesn't matter to me, I'm just merely curious as to why it would get exercised at $0.03 over what the stock could have been purchased for on the market. Thanks. +The feds are finally starting to pay out interest in their reverse repos according to todays [Daily Reverse Repo update](https://www.reddit.com/r/Superstonk/comments/o22es5/daily_reverse_repo_update_0617_755800b_new_record/), and I am fucking furious! I'm sure they've been helping all these shit heads cover their asses from bananas for months (years, decades, who cares at this point). But now is our time to rise. + +This can't last forever and it's only getting worse. Keep strong. +Pardon my ignorance, but what does the recession look like for ol' Everyman Joe? How can or will it affect the average citizen? I don't remember much about the '08 one except that Rudd gave everyone money. + +Now, being 11 years older, with a family, I want to try and prepare (if necessary) to mitigate any problems. +This video: + +[https://www.youtube.com/watch?v=3QlpTlz073k](https://www.youtube.com/watch?v=3QlpTlz073k) + +was just posted Sunday morning UK time. It contains detailed analysis of companies and industries affected by sanctions on Russian banks. + +Remember before you buy or sell anything: all the world's expert traders and firms already know all this information and prices reflect this information. I'm not saying markets are efficient (fucking joke) or that experts are always right (2008 anyone). But before you make a play on any of this (e.g., puts on BP for their exposure to Rosneft), think about which of all these plays are likeliest to have been overlooked, misunderstood, or mistimed. +**Edit: 3/1/21 - That's all for now folks, survey is closed. Results will be posted sometime in March.** + +&#x200B; + +THE RESULTS AREN’T IN YET…DON’T ASK… + +Ok, now that that’s said…the official 2020 FI survey is now available and will remain open for responses until February 28. For those that are new here, this is a quasi-annual tradition for this sub. The last survey was done in [2018](https://docs.google.com/spreadsheets/u/6/d/1n2IpbpA_vGKSflRNuiRo-slvJdpptLfM/edit?usp=sheets_home&ths=true&rtpof=true). This post will be a bit long, so buckle up. + +**What’s Different This Year?** + +The most important difference this year is that ***ALL RESPONSE DATA WILL BE RELEASED IN A SPREADSHEET TO THE SUB***. If you’re not comfortable with that, don’t take the survey. Whenever possible, identifying information (such as age) is obscured in ranges. The survey does not ask for location, username, email, or other unique information, so your privacy is reasonably protected. + +Because there are several numbers involved, last time people asked for a list of what numbers are needed. I’m delivering on that this time with a preparation spreadsheet that covers all the numbers you’ll be asked. [https://docs.google.com/spreadsheets/d/1T-GyDNwJmGchTNlS68rDBnAoZ6DdRoYF0sqsla56IYE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1T-GyDNwJmGchTNlS68rDBnAoZ6DdRoYF0sqsla56IYE/edit?usp=sharing) + +A special 2020 Covid section has been added and a lot of the less popular sections from the last survey have been removed. It’s shorter than it was last time. + +**Survey Instructions** + +*These instructions are also available on the first screen of the survey, but you may want to keep this post open in a separate tab to refer back to them*\*\*\*.\*\*\* *Throughout the survey each section includes instructions at the top of the page as well.* + +The survey will take 20-40 minutes to complete, depending on how prepared you are with your numbers. + +Enter all annual information for calendar year 2020. Enter all point in time data (like account balances) as of December 31, 2020 (or as close thereto as you can get). Enter all amounts in current dollars (or your native currency). + +Remember that personal finance is personal. Enter your numbers as you interpret them, personally. If you really get stuck, I will be watching the posting thread and answering interpretation questions as able. Because personal finance is personal, some buckets may not be precisely consistent with your personal buckets. + +The survey is long, and asks for a lot of information. You can skip to the end to submit, which will then provide you a custom link to come back to your answers and edit them. The survey will be available for the entire month of February. + +If you are not in the United States, you can enter all "dollar" amounts in your native currency. Anywhere a question asks for "dollar" amounts, answer in your native currency. + +Enter dollar amounts as a whole number, appropriately rounded. E.G. $32,594.56 is entered as 32595, with no commas. + +Enter percentages as a number, not a decimal. For example, 4% is entered as 4 (not .04), 20.5% is entered as 20.5 (not .205), etc. + +Symbols for dollars ($) and percentages (%) are not needed. + +Each question begins with an alphanumeric designation (e.g. A1, C3, F6). At the end of the survey, you will be asked for any comments on the survey. If you had issues with a question, please refer to it in your comments by the alphanumeric designation. Because the survey does not ask for identifying information, the survey team will not be able to follow up with you, so please be as specific as you can about the issue or difficulty you encountered. + +The survey asks how many people contribute to your household finances, and thereafter your responses should include all assets, debt, etc. belonging to those people. You determine the number of people who contribute to your finances. Demographic questions include demographics for "contributor 2" and "contributor 3", if you have more than one person contributing to your household income, you can include their demographic information there. Demographic questions are static, meaning further questions will ask about contributors 2 and 3 even if they do not exist for you - you can just leave those blank, or there is an N/A option if leaving it blank bothers you. + +This survey asks for a lot of numbers. To completely fill it out, you will need to have the values of your investments, expenses, debt, and assets at hand, plus 2020 income and expenditures. A preparatory spreadsheet is available here: [https://docs.google.com/spreadsheets/d/1T-GyDNwJmGchTNlS68rDBnAoZ6DdRoYF0sqsla56IYE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1T-GyDNwJmGchTNlS68rDBnAoZ6DdRoYF0sqsla56IYE/edit?usp=sharing) + +Almost all questions are skippable; if a question does not apply to you or you haven't yet determined the answer, skip it. + +**Now that you’ve read all that…** + +Here’s the survey link: +So I made the mistake of opening many lines of credit while in my 20s. For years I struggled to pay off the debt... buying things I didn't need, being stupid with purchases and using credit cards for, basically, a payday loan. I have spent an unfathomable amount of money on paying minimums. It's not the first time I've had problems with credit cards, but I NEED it to be the last time. + +Right now I'm in a good situation. I make very good money (not "fuck you money") but enough that I was able to pay off my cards and pocket a bit into savings. I keep my minimum monthly expenses low by cutting out the unnecessary expenses. I eat out once a week, bring lunches to work, cut out the cable bill and unnecessary subscriptions. I have a $217 car note and a manageable $1200 mortgage, both current, so I don't plan on any major purchases in the near future. I have student loans that are manageable but have a long way to go before they are paid off. They've been open and currenr for 10 years. + +My question for you all is: can I close these credit card accounts? Should I keep one open just to show i have the credit available? I know its going to lower my available credit and length of account history, but is it worth the hit? + +I'm waiting for one more month of statements so I can make sure I do not have any residual interest coming and can assure I have a $0 balance for at least 2 months of statements before I close anything. I know FICO looks at utilization rate... how can I keep that from being 0%? I obviously do not have the discipline to just put one or two things on a credit card. Is autopaying an electric bill and autopaying the card every month a good option here? Also, I don't want to have to keep such a fine eye on all these lines of credit with the experian hack. Will future lenders look at me as disciplined enough to close these accounts or will they see it as a liability? + +Hoping for a little guidance here. Thanks everybody! +Just think of what kind of agenda is pushed towards people who haven't invested before. + +Statistics like "80% of traders lose their money". + +Or the media talking about how much money was lost and hardly ever about how much was made. + +You could even say that they were put off when they saw the massive losses made by those on certain subreddits. + +It's not that they don't get it, they're just conditioned to think that they will lose everything and when you're poor, that's a lot of risk to take when every penny matters. + +They never wanted more people to invest. Most people that do lose money are those looking for quick cash that take on huge amounts of risk and cut their losses - then most of the time if they just waited and were patient, they would have turned a profit. + +This is what happens when people don't quite see the bigger picture or don't do their DD. + +Now imagine this on a larger scale and that's why people don't invest. + +They need to see results, but by the time they see results, they missed out on the best opportunity that they had to buy some shares and hold. + +"I'm not investing, the price has been going down for a while. I'll lose everything." + +Fear is used to control and to keep us from taking great opportunities. It's really not that complicated to invest into a company, yet it's presented to be overwhelming with complicated terminology and the charts look incredibly complex. But it's really not, it's actually very simple and straightforward if you take maybe 15 mins a day to watch a video explaining a concept to you. + +Just know that those who say you're crazy when you tell them about GameStop, there's a lot more to how they came to that conclusion other than being bombarded by the media calling us a cult and dumb money. +I have a Thrift Savings Plan IRA with a 2050 lifecycle fund. It currently has about $55k in it and will continue to grow without putting anymore money into it. I cant since Im no longer in the military. My main question is should I roll it over to another IRA I can still contribute to or should I just start another IRA, leaving the TSP one to continue to grow on its own? +We have been in this apartment for 10 months have 2 left on our lease. It's brand new, first floor, quiet neighbors, everything is great in my eyes and I think my gf really enjoys the place as well. The thing is that rent is increasing $100 a month to make it a total of $1200. The first two months I lived here alone so I paid 100%, after my gf moved in she started paying around 35% and I paid the rest. We split groceries, wifi, utilities, etc... the problem is that she wants to find a cheaper place to live for the next 8-12 months and after that she really wants to move states. We have decided to split rent 50/50 from now on moving forward. In my eyes, I cannot justify moving across town just to pack our stuff up, essentially as soon as we can just to move to another state. Maybe I need to be more frugal and start saving money where I can, but at the same time moving isn't free nor cheap plus we would be having to pay another security deposit for us and our dog. I haven't figured the numbers but I don't think that it would be saving us enough money to justify moving. + + +Sorry for the horrible punctuation and organization, if you need more info I will reply asap, thank you for your input on our situation! +My parents are divorced. Immediately after I graduate I will be on my own because my mom is moving across the country. I’m buying my own car with my own money soon, and neither of my parents want to pay insurance. My dad blames his lack of money on my mom for child support but I know damn well he makes around 100k a year so he’s just being shitty. My mom is declaring bankruptcy and only makes 30,000 at most, and is not able to help me pay for insurance at all. Im a contact worker making 15$ an hour, however my job ends after 5 weeks. I really need help because I don’t know if i’ll be able to pay my own gas, insurance, and car fixes on a minimum wage job that I’ll be getting after my contract is done. What do you guys suggest I do?? +Saw a post here: + + [https://www.cnbc.com/2020/04/06/strategists-younger-investors-have-recently-been-buying-cruise-stocks.html](https://www.cnbc.com/2020/04/06/strategists-younger-investors-have-recently-been-buying-cruise-stocks.html) + +&#x200B; + +The problem I see is that they are not getting bailout money and with the virus people might fear going on cruises. Do you think all the cruiselines may go bankrupt +Hey all, just some thoughts I put together on Financial Independence. All opinions welcome :) + +\--- + +**I. Thou shalt remember that a penny saved is MORE THAN a penny earned** + +When you save money that you would normally spend, you embrace the double whammy of savings. First, you get one step closer to having the amount of savings you need. Second, you shrink the amount of savings you need. A less expensive lifestyle means a smaller amount of money can sustain it indefinitely. It’s as if you were sprinting toward the finish line and the finish line was also sprinting toward you. Now that’s what I call a twofer! A worked example: If you spend $40k per year, then if you follow the 4% rule, you need $1 million in the bank to sustain that lifestyle indefinitely ($1,000,000 \* 4% return = $40,000). If your car insurance costs $1000 per year and you make that call to save 15%, you get $150 closer to your $1 million dollar goal, every year. But wait, there’s more! By reducing your annual expenses, you now only need to save $996,250 to sustain your lifestyle ($996,250 \* 4% = $40,000 - $150). So, the finish line has moved closer by $3,750, and you’re getting there $150/year faster! + +**II. Thou shalt know thy expenses** + +You can’t measure what you can’t see. Okay, so that might not be 100% accurate in light of modern physics, but bear with me here. How much money do you spend each month? Does that count the car you need to replace in 3 years? The couch you bought 6 months ago? That dental procedure that you’ll never need again? What about your mortgage principal? Aren’t you paying that to yourself? Understanding your expenses is not as easy as it seems. To get the full picture, you need to amortize your expenses over their applicable period of use. Before you run away screaming, it’s not as hard as it sounds. Remember, you’re planning for a sustainable long-term livelihood, so you need to factor things in correctly. If you’re going to get a new car every 10 years, apply 1/120th of the cost of the car to each month. That couch you’ll replace in 5 years? Apply 1/60th of the cost each month. That dental procedure? If nothing like it is ever happening again, ignore it. Knowing whether you have enough money is composed of two parts: knowing how much is enough, and knowing how much you have. If you’re like most people, you don’t really know the answer to either of those questions. Knowing your expenses will enable you to know how much money is actually enough to sustain your lifestyle. + +**III. Thou shalt know thy net worth** + +Do you really know your net worth? Does that factor in future taxation of your retirement accounts? The closing costs if you sell your home? Don’t add apples to oranges. Boil everything down to one number and track that number’s progress. Knowing how much money you have is the other half of knowing whether you have enough. Once you know both how much you have and how much is enough, you’re way ahead of the game. + +**IV. Thou shalt value time over money** + +*“Better is one handful with some rest than two hands full of toil and chasing the wind.” -Ecclesiastes 4:64* + +*“The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run” -Henry David Thoreau* + +Money is only as valuable as you make it. If you work all day and leave no time to enjoy the fruits of your labor or the presence of those you love, your bank account doesn’t do you any good. So far, understanding your finances sounds like a lot of work and calculation. But it doesn’t have to be. As it turns out, if you distill all of your finances down to one number that makes sense to you, you can move those considerations and calculations into the background and just focus on making that one number move your way. The number that makes the most sense is phrased in units of time. Forget dollars and cents, just understand the amount of time that matters most to you. Planning for retirement? Watch your countdown to retirement accelerate as you improve your habits. Switching jobs from high pay to high fulfillment? Watch the years until your self-actualization melt away as you focus on getting to what matters most. Taking some time off to care for an aging parent or start a business? Track the amount of time until you will run out of money. $1 million means different things to different people. 1 year of life is a precious thing to everyone. Make lasting changes by tracking the thing that means the most: time. + +**V. Thou shalt embrace simplicity** + +*“The way to become rich is to put all your eggs in one basket and then watch that basket.” - Andrew Carnegie* + +Confusion is paralyzing. If you have a day job, odds are you don’t have time to devote the hundreds of hours necessary to truly understand every aspect of your financial life. Don’t scatter your attention. It is far easier to boil everything down to as few metrics as possible. It’s like trying to get someone to run faster than they’ve ever run. You could tell them to stay low at the start, focus on turnover, and use their arms efficiently. Or you could take their wallet and run. If you’re only tracking one thing, then everything else snaps into place. + +**VI. Thou shalt understand thy goals in their entirety** + +*“There’s only two kinds of people in the world: the kind of people who think there’s such a thing as enough money and the kind of people who have money.” - Fran Lebowitz* + +Fill in the blank: “As soon as I \_\_\_\_\_\_, I will be happy.” Fact is, you have what it takes to be happy now. However, there may be something to what you put in that blank. If it is worthwhile, then stop dreaming and start doing. You know where you are, so now figure out all the important details about where you want to go. What will cost more? What will cost less? What will it do to your income? What will it do to your hourly wage? Come up with a fulfilling goal that is about more than money. “Enough” money will never come, so don’t fool yourself. + +**VII. Thou shalt live in the moment** + +*“That the present is all we have to live in. Or to lose.” - Marcus Aurelius* + +You know that time is more important than money, so it is time to start acting like it. If you are unable to enjoy the present moment, what makes you so confident that you will enjoy all the time you’re saving up for the future? Opt in to each moment of life, dive into the relationships that matter to you and don’t lose focus on the things that are truly most important. + +**VIII. Thou shalt act in thine own enlightened best interest** + +So you know where you are, where you are going, and what the right steps are to get there. Now it comes down to execution. When you’re on a diet, you know the chocolate cake is not the right choice. Don’t succumb and let your plans go to waste. Take your newfound knowledge and execute the plan. If you’re content to be a cog in the machine, just keep doing what you’re doing. If your life is more valuable than that, have the courage to take responsibility and start living in the direction of your plans. + +**IX. Thou shalt not deprive thyself excessively** + +Financial Independence is all about sustainability. When you’re cutting expenses, it is important to distinguish between fat, flesh, and bone. Maybe dropping your weekly pizza delivery will get you 6 months closer to your dream life. But if your dream life isn’t so dreamy without pizza, don’t fool yourself. If you deprive yourself now, then the impact on your expenses is only valid if you plan on depriving yourself forever. Don’t lie to yourself about the price of your optimal life. + +**X. Thou shalt produce** + +Financial Independence does not mean never working again. It means having enough money to live your ideal life without worrying about money. If you’re someone who is interested in putting in the time and effort to achieve Financial Independence, the chances are pretty good that you’re also someone who is not going to be satisfied kicking their heels up until you kick the bucket. The key to a happy experience with Financial Independence is to use your newfound independence making tangible progress working on something that is meaningful to you. Work is not something to be avoided, it is something to be embraced, provided that the work is wholesome, meaningful, and fulfilling. The good news is, that means Financial Independence is even closer than you think. You don’t need to solve for having enough money to never make money again. You just need to solve for having enough money to supplement the income that will be the byproduct of the fulfilling work you do after achieving Financial Independence. + +Thanks for reading! + Elon Musk, world’s richest person and the chief executive of Tesla Inc, donated Tesla shares worth $5.7 billion to a charity in November, securities filing with the US Securities and Exchange Commission showed. Musk donated a total of 5.04 million shares to an unnamed charity last year between November 19 and November 29. According to Bloomberg News, the $5.7 billion worth of charity, calculated by taking average prices of electric carmaker’s stock on the days he sold the stock, makes it one of the biggest in history. + + **Original Source** : [https://mosttraded.com/2022/02/15/elon-musk-donates-5-7-billion-tesla-stock-worlds-richest-person-makes-one-of-the-biggest-charity-in-history/](https://mosttraded.com/2022/02/15/elon-musk-donates-5-7-billion-tesla-stock-worlds-richest-person-makes-one-of-the-biggest-charity-in-history/) +I currently trade smaller coins for a living. I make decent money from it and I'm learning every day. I get in *very* early, ride the hype to the top and then cash out. Many of them are what you would call shitcoins. But almost equally as many others are simply new projects that have a real purpose and are just getting started. After all, every project has to start somewhere. Pancakeswap for example started on the Binance Smart Chain and is now one of the largest exchanges. + +And then there are the real scam coins, which is what you usually read about when people lose all their money. Yes, you can lose money the "natural" way if the project simply doesn't take off as expected, but the vast majority of losses are caused by scams. Since I deal with this on a daily basis, I thought it would be good to write a quick guide to help you guys who may be buying these smaller coins detect those scams and hopefully prevent you from losing your money. + +The vast majority of scams can be divided into either Rugpulls or Honeypots. So let's start with.. + +# Rugpulls + +Why are they called rugpulls? Imagine you're standing on a carpet. You're safe because the carpet is your support. Now, this evil guy comes along and pulls out the rug underneath your feet. That's a rugpull. You lost your support. It works the same way with coins. When you buy a coin, it is usually supported by a Liquidity Pool. It's a collection of funds which are locked in the contract and provide a "pool" for you to buy and sell coins. Rather than waiting for someone to come along to match your buying or selling, you use the pool to trade faster. + +What the scammers do is they launch a new coin, attach a liquidity pool to it and wait for people to start buying coins. Once enough people have bought the coin, the scammer will pull the liquidity pool, run off with the money and leave you with a worthless coin. + +You won't find out until it's too late. It's usually that moment when your coin's value drops from maybe $0.0034823 down to $0.0000000 or $0.0000002. + +# Honeypots + +To be honest, I never found an explanation as to why they are called honeypots, but you can pretty much figure out why on your own. It's basically a pot of honey where your money gets stuck and can't leave. They are often less obvious to the untrained eye and therefor also often more difficult to detect, even for people who trade smaller coins on a daily basis. Experienced traders routinely fall victim to honeypots because they see a coin pumping and jump in without verifying everything first. + +What the scammers do is basically insert a piece of code into the contract which allows only their own wallets to withdraw from the coin. They launch the coin and people start buying. You see the coin pumping and think wow, this is amazing. It's just going up and up. There's little or no red candles on the chart. You will likely stay for a while until you think it's enough and try to cash out. And that's when you notice that you can't, because the contract says nobody except specific wallets can cash out. Your money is stuck forever and there is nothing you can do about it. The scammer can withdraw any time, though. Some of these scams go on for days or weeks and people think they found a real gem of a coin that is going to the moon and will keep buying. + +# Okay, I've had enough. How can I protect myself? + +The best protection is not to trade with these small coins at all. Or at least not until you have some real experience with legit coins. And often experienced traders will not even touch these coins because it's too dangerous. Any of the top 100 coins on CoinMarketCap for example are very likely to be safe. Scammers usually don't allow the scams to get too big. It can happen, but it's very rare. But you don't listen to me, right? So, let me at least try to help you not get scammed too often. + +The vast majority of these scams happen on either the Ethereum Chain or the Binance Smart Chain. Because it's very easy and relatively cheap for the scammers to launch these coins over and over again with different names and make lots of money. + +There are tools that help you detect red flags and avoid these coins. If the coin you're purchasing is on the Ethereum chain, use **Etherscan**. If it's on Binance Smart Chain, use **BscScan**. Find out the Token ID for your coin and enter it on the corresponding website. On the next page, go to "Token Tracker". You will see a tab that says "Holders". There, you can see all the wallets holding tokens and the liquidity pools. Unfortuntely, there are many combinations of things you have to watch out for. Some of the red flags are: + +1. No dead coins. A project is fairly safe from a rugpull (but not a honeypot) if more than 50% of coins are in a dead wallet (usually identified as 0x000000000000000000000000000000000000dead). Watch out if less than 50% or no coins are dead. +2. Large wallet holders. Stay away from coins where one or a few wallets hold most tokens. +3. Unlocked liquidity pools. Even if they have liquidity pools locked, they could unlock them if the contract allows them to. You could dig deeper into the contracts but that usually requires coding knowledge. +4. No audit. If they are audited by a reputable company, the chance of a rugpull or honeypot are almost always eliminated. + +Another great resource is **Token Sniffer**. Enter the Token ID on the top right and look for the results of the "Automated Contract Audit". If there are any alerts, stay away from the project. The "No prior similar token contracts" is sometimes a false flag alert, because many projects use contract templates these days. + +If your coin is on the Binance Smart Chain, you can go to **PooCoin**, again enter the Token ID and watch the charts. If you notice no wallets selling or only one or two wallets doing all the selling, stay away from it. It's most likely a honeypot. If many wallets are selling, it's not a honeypot. + +# One more thing, there are also "slow rugpulls" + +These are much harder to detect. What the scammers usually do is create a perfectly legit looking coin with no other warning signs, but they distribute a large amount of coins across hundreds of wallets only they have access to. For example, 20% of coins are distributed to 500 wallets of 0.04% each. As people start buying the coin and the price increases, they will slowly start dumping (selling) their coins in order to generate money. People will keep buying and they will keep dumping until all their wallets are empty. These are super hard to detect, but the most reliable way to detect them is to use Etherscan or BscScan to check for many wallets with the same % amount of tokens. + +As you can see, protecting yourself from scams is a lot of work and this is by no means a complete guide and it won't guarantee that you won't get scammed. Not even experienced traders are 100% safe from scams and teaching someone all the things to watch out for would require coding knowledge and weeks or months of practice, but I believe it's a fairly good starting point. You can always do your own research from here and learn more. + +And remember, unless you're absolutely okay with losing all your money, stay away from these high risk coins. + +I need to take a break now because my fingers hurt from typing, lol. If anyone has any suggestions to add, please share them here to help make everyone's trading a bit safer. +If we never sell, the price will go up. This isn't manipulation, it's just math. Why sell a goose that lays too many golden eggs? + + +AMC and GME are now historic, household names. Buffett didn't sell AAPL as shares climbed and climbed. He accumulated more every time public faith in the company wavered. + + +There is no price target for me. I will hold these shares until someone pries them from my cold, dead 💎👐. Asset prices will continue to climb, and there will be increasing systemic pressure to invest. When other investors see that we aren't just trying to play these stocks, but that they are icons, trophies in our war chest, they will join with us. I believe that no strategy beats buy and hold, especially when other investors believe that idea too. I won't trade this stock, I believe in what AMC represents: the rebellion against the 0.1% that will refuse to let them off easily for plundering coronavirus relief funds, causing the housing market crisis, and more. + + +62 shares GME, 400 shares AMC and 3 $40 02/05 calls. To my future children reading this in 10-20 years: aren't you glad I didn't sell a single share? :) 💎🖐 +# I WISH I COULD BE A CITADEL EMPLOYEE RIGHT NOW. + +I would stay up late and help the team with all their hard work and late nights. I would provide feedback on graphs and charts of their positions in various stocks. I would get the coffee. Print all the hand outs. Make CD copies of vital and important information. I would work tirelessly countless hours just slaving away behind my computer to collect and analyze data for the next days morning meeting. + +I'm pretty good at getting food too. Like I'd go to the best bagel place, coffee place, sandwich place, pizza place. I would make sure everyone is fed and at the very least lucid for their next teleconference. + +When no one is looking... + +### I would slowly collect all the information and documents that I need to bury that entire company with the SEC. I would bring all the info to various news sources and make sure I get paid multimillion dollar whistle-blower money. Also probably write a book about "corruption and Evil at CITADEL LLC" + +Have a great day CITADEL Interns. +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? +I[21M] am currently studying engineering(junior year) and working 50hr weeks. Other than a car loan, I’m going to school for free and beginning to rack up cash after paying off credit cards. I recently started a 2% interest savings account for my emergency fund but I’m saving some extra cash. What’s the best way to go about growing it? I’m all about retiring early but don’t have time to research stocks or get into real estate. I currently own stock but it’s from one of my jobs so I don’t really have to do anything for it. I’ve heard about IRAs and things of that sort but don’t know much about pros and cons. Thoughts? + +Edit 1: This is a lot of attention for a post of mine so I’ve been grateful for the help I’ve received so far. So far I’m definitely looking into a Roth IRA, and I’ve leaned that ETFs are better than mutual funds haha. Keep it coming :) I love learning. Oh and the money tree jokes + +Edit 2: I crunches realistic numbers and I’d probably be able to save about 10k this year after laying off current debt, some people asked for numbers + +Edit 3: Thanks. I did want to point out that I’m in the states and on co op right now so I’m not in class which is why I work so much. Also these suggestions Ira in particular make it so that you can only cleanly get all your money after age 59. Any ideas for earlier retirement? Earlier ways to get all money without fees? + +Edit 4: you guys have made this shift I’m working incredibly worthwhile. I now have some things to think about. Much appreciated, every comment. Even the money tree ones ;) +My 87-year old father is about to receive $600K in proceeds from the sale of a house he owns and has tasked me with investing it. While he has lifetime rights to this money, he is financially comfortable and it is unlikely he will ever need to touch it. Instead, he wants the money to be available as a back-up to provide for his 77-year old wife, in the event she required some sort of expensive long-term care AND had exhausted all of her personal resources. After that, it would be left to my sister and me. Bottom line, it’s highly probable this money never gets touched or, if it does, it could be years down the road, so I feel like we need to invest for growth. My father isn’t going to want to take undue risk, so is something like VOO with dividend reinvestment the answer? Should we DCA over some period of time? TIA. +I've been living with my mom for ten years sharing expenses with me on disability and mom on retirement. Mom has been sick while and she finally passed this past week. I can afford my rent here in this 2 bedroom for two months while I wait for a lease to open up on a studio I found. I can afford to live alone. I even start a new job on Monday. + +I am proud of myself for having the foresight and grateful to the universe for making this all work out. +A lot of people say never sell for a loss just wait for a rebound. In this case I was holding 500 shares of air canada at 20$. It was up and down a lot of times at one point I was up 2000$ and I ended up selling for an average of 17$ after warren buffet crushed air lines with his share holder meeting. + +Should you sell for a loss in cases like this or hold and hope the market rebounds ? +Hey all, I'm about to get my first job and I don't know where to start on my investment journey, I plan on having most of my earnings invested leaving a bit of it as cash, my family uses cibc and I do want to know if it makes a difference which bank i use and how i use it. How do I manage my investments? Should i just put all my money in s&p 500 + +&#x200B; + +&#x200B; + + thank you! +**Update:** Following responses to criticism and kind advice, this version - except for the **Counter to the Counter DD** \- is now invalid and replaced by the **"Jumbo Compilation"** over at DDintoGME subreddit. + +"Counter to Counter DD" still stands - it is not part of the original post. It shows that at least at the theoretical level, there is no reason why BL can't be applied to stock prices and no literature was found - so far - which shows that BL does not apply to stock prices. + +Critics have raised other questions beyond the theoretical level which I never intended to address when I wrote this first post. I am not a data scientist. It was never my intention to offend data scientists or to challenge data science. Any expert and valid criticisms must be answered if the basis established in the "Jumbo" post is extended to the highest level of rigour, worthy of publication in an academic journal. + +Someone assumed I am a "professional researcher". I am not. In that non-professional capacity, I tried my best to respond to the criticism. I learned a lot which I never would have on my own if I hadn't published the post. + +From the standpoint of a hobby, non-professional project, I think it is cool that Fiskars conforms. I don't have lots of time for this but have since found two other conforming stocks quite easily. I may or may not continue this hobby project in private. I personally think it is solid "DD" on that basis and on par with other "DD" which tackle questions about securities law or the functioning of the capital markets on a non-professional basis. But maybe this particular DD/non-DD is different and the implications are too serious. That's also fine. I leave it to the mods, sorry for making a job for you! + +&#x200B; + +**Start of original post** + +For a while now, apes have been saying that the prices of GME look very sus, e.g. closing at perfectly round numbers and weird movements intraday. So I wondered what the Benford’s Law test would show if applied to the daily closing prices of GameStop. These days, Benford’s Law is most often used in forensic accounting, e.g. it is used by the IRS to investigate tax fraud and is used a ton by academics to investigate collusion and financial crime in asset prices, fund returns, the LIBOR manipulation, etc. It is not hard evidence of fraud but if a set of numbers deviates significantly from Benford’s Law that is a serious Red Flag 🚩. So in that sense it is a good screening test and widely accepted as reliable if used on appropriate data. + +# What is Benford’s Law? + +Basically, according to Benford’s Law, naturally occurring sets of numbers (e.g. country populations) are not randomly distributed. You might expect them to be, in which case each number from 1 to 0 would have an equal chance of appearing as the leading digit in a number. But it’s not the case. When such sets of numbers are unmanipulated, they stick to a quite strict distribution. The unit of measurement also doesn’t matter (proven by Roger Pinkham in 1961), whether dollars, centimetres, quantity of leaves on trees, or whatever. This is Benford’s Law. It will not work for made up numbers or randomly generated numbers, say by a computer. But it will always apply to naturally occurring sets as long as it is not something very restricted like, say, people’s heights, because the leading digits in people’s heights don’t range across all the numbers from 1-9. So you do have to use your common sense when you apply it. + +People found out in the 1970s that you can use it to detect fraud in socioeconomic data and in the 1990s Mark Nigrini, a chartered accountant, proved in his thesis that accounting data conforms to Benford’s law. It is now a standard tool of forensic accountants. + +If you’re wondering why numbers don’t appear randomly, it is basically because the probability of 1 appearing as the leading digit goes down as numbers go up, e.g. through the 20s, 30s, etc. until you get to 100. And then it starts again as you go through the 100s, 200s, etc. There is a good and fun video explaining this from Numberphile on YouTube. + +&#x200B; + +[Go to YT - no links](https://preview.redd.it/a0b1ym9f94271.png?width=822&format=png&auto=webp&s=20095aec0e0f2d97ad23ad53e0e2845b0d6951e6) + +Here’s a table of the distribution for reference. I’m just going to look at the **first digit** distribution in this post. + +[Benford's Law frequency table](https://preview.redd.it/zk6nzvmj94271.png?width=467&format=png&auto=webp&s=e6c22e10759d620e3d9cf53090db6cb49a978eeb) + +# Benford’s Law and some famous Ponzi schemes and fraud + +Here’s an example of normal and manipulated hedge fund data. You can see that the **Global Barclay Hedge Funds** index, which is an index of HF performance, is pretty close to Benford’s distribution. But **Bernie Madoff’s Fairfield fund** is off. + +&#x200B; + +[Source: Frunza \(2016\), Introduction to the Theories and Varieties of Modern Crime in Financial Markets](https://preview.redd.it/wx6ah28u94271.png?width=414&format=png&auto=webp&s=c5b1104004ee86b6c5c1aa79984fd40fb3d0cff7) + +Here’s another comparison – this time one is a normal bank and one is a failed bank suspected of fraud. + +&#x200B; + +[Source: John P. O’Keefe et al. \(2017\) Offsite Detection of Insider Abuse and Bank Fraud among U.S. Failed Banks 1989-2015, Federal Deposit Insurance Corporation](https://preview.redd.it/pn9h8as7a4271.png?width=692&format=png&auto=webp&s=2f65c600cee22446bdacfc17247d689847f5f547) + +&#x200B; + +[Source: John P. O’Keefe et al. \(2017\) Offsite Detection of Insider Abuse and Bank Fraud among U.S. Failed Banks 1989-2015, Federal Deposit Insurance Corporation](https://preview.redd.it/a6oh0m79a4271.png?width=691&format=png&auto=webp&s=f0b06db340124ecbf40b62d3b528958b2a5da47d) + +&#x200B; + +For kicks, here's **Enron** too. + +&#x200B; + +[Source: towardsdatascience DOT com](https://preview.redd.it/c854xtpxa4271.png?width=708&format=png&auto=webp&s=2e9babcf4232a5d242afb8a337942c1eb843bd0d) + +# Here are the GameStop charts + +OK but what about **GameStop** right? That’s what we want to know! + +I pulled the historical daily closing prices of GME from Yahoo Finance and generated three charts. A BL chart for the entire set of historical prices starting from 2002; a chart for the past 5 years – to cover the specific period of the sus directors who have now resigned and the period of short selling/the narrative of GameStop’s demise; and a chart from 2020-2021, to cover what we all suspect is the period of highest f\*ckery in the GME share price. The range of numbers is wide and good for all three charts. Even the 2020-2021 chart ranges from prices around 3 or 4 dollars right up to the top of the aborted squeeze in January 2021. + +&#x200B; + +[Max historical data](https://preview.redd.it/6kgcbzn8b4271.png?width=3372&format=png&auto=webp&s=a1594d672dc1e2331f6d7302f7b2922cf925fe51) + +&#x200B; + +[5 years](https://preview.redd.it/4j756b3bb4271.png?width=3349&format=png&auto=webp&s=7efe121a05fa6219bceb93aa27e260dede5a98b2) + +&#x200B; + +[15 months](https://preview.redd.it/gr4qek0db4271.png?width=3671&format=png&auto=webp&s=95ac44a262c25e4eace7daf216c64fc17e00e6c2) + +I can’t be bothered to share my Excel file right now but here is a screenshot and if doubting apes really want the file with all the numbers and to look at the formulas, let me know and I can do this. + +&#x200B; + +[Raw data in Excel](https://preview.redd.it/fmwsxznib4271.png?width=991&format=png&auto=webp&s=2c1f1844dd39078d62c752992aabf9b876043d28) + +# TLDR + +Generally you can see that even when we take the entire data set going back to 2002, the GME share price is pretty off. The distorted pattern in the 5-year chart becomes even more exaggerated in the 2020-2021 chart. When you compare to **Madoff** or **Enron** for example, **GME looks much worse**. + +# Playing with Benford’s Law by yourself + +If you want to play with BL by yourself, google **"How to use Excel to validate a dataset according to Benford’s Law"**. It is pretty easy, so give it a go! + +And this is a good and simple background reference which I used for this post - google: ©2011 **THE IMPACT AND REALITY OF FRAUD AUDITING BENFORD’S LAW: WHY AND HOW TO USE IT** by GOGI OVERHOFF, CFE, CPA Investigative CPA California Board of Accountancy Sacramento, CA + +I am not a quant, far from it, so if anyone more experienced wants to counter or dispute, please feel free! Because I am currently writing an MSc dissertation about hedge fund fraud, I needed to read about fraud detection methods for my literature review, which is how I found out about Benford’s Law, but my dissertation is more about public policy implications, it’s not quantitative. + +**Disclosure:** I bought the Friday dip! 🚀 🚀 🚀 + +Love from u/animasoul 29 May 2021, 21:25 BST + +# EDIT 29 May 2021 22:44 BST + +I am adding this because it is coming up in comments - i.e. it is disputed that Benford's Law can be applied to closing stock prices. This was my response to u/brickhouse1013: *Well generally in academia you will always find people who position themselves on both sides of an argument. For example, I googled quickly just now and near the top of the search list one paper says this: “In general, in a given financial market, the probability distribution of the first significant digit of the prices/returns of the assets listed therein follows Benford’s law, but does not necessarily follow this distribution in case of anomalous events.” But another paper says this: “Application of Benford's Law in the field of financial analysis is very rarely covered. ... Stock turnover data conforms to Benford's Law, while daily closing stock prices do not. Probably, psychological factors significantly influence daily closing stock prices, so these values do not conform to Benford's distribution.”* ***Science can’t tell you the truth of anything, it can only persuade you either way or make you investigate more.*** *But definitely it would be interesting to do more charts for other stocks to compare.* + +# EDIT 29 MAY 2021 23:09 BST + +OK in response to comments here is a quick and dirty chart of **Google** all time closing prices. It's not perfect but generally follows the shape better than GME, especially the more recent charts. It even starts and ends perfectly. Intuitively, you would expect that it is harder to manipulate Google over its entire lifetime, although I wouldn't exclude manipulation in any stock when you take into account the context that manipulation of financial markets is probably the norm rather than the exception: + +[Google blue\/Benford orange - couldn't be bothered to make it the same as my other prettier charts](https://preview.redd.it/jjt3ogu7v4271.png?width=1653&format=png&auto=webp&s=17c88133990305bddc6b96c01988f7769a03f1f3) + +# Last edit? + +Based on the comments I just want to also point out that **what I have done with BL is very very simple**. This is the most basic application of it, that's why I pointed out in the original post that I am not a quant. It can be and is applied in much more complicated and subtle ways, so see this post as a very small intro. You will need to go to google and find papers using the method to get a better picture, as far as you want to take that, which is beyond the scope of this post. Please take my post for what it is, which is something I produced in the middle of the night because I am bored of the other work I have to do this weekend. I hope you enjoyed learning about Benford's Law if it is something new to you. But this is only scratching the surface. Peace. + +# Not the last edit - 30 May 2021 + +Am adding this on behalf of u/RogueMaven who doesn’t have enough karma to post. This is a valid perspective to take into account regarding **the notable favouring of the numbers 1 and 4** in the data. I think this shows that it is worth giving any data a good chance before dismissing too quickly. It is a process and we aren't going to come to the conclusion when we are standing at the beginning. + +*Really interesting article on applying Benfords Law! I didn’t know of it until your post.* ***Intuitively I’ve known that manipulated stocks close with 1’s and 4’s more often. My assumption is 1’s mess up PUT buyers by being $1 over strike and 4’s mess up CALL buyers by being just under a $5 increment - people seem to have a tendency to think in $5’s.*** *Not enough karma to reply in forum, but I always appreciate learning something new, so thank you for writing the article 👍* + +&#x200B; + +# 30 May 2021, COUNTER TO THE COUNTER DD + +# 1: THE DATA SET IS TOO SMALL + +See *Benford's Law : Applications for Forensic Accounting, Auditing, and Fraud Detection*, 2012 by Mark J. Nigrini and Joseph T. Wells + +[Benford's Law : Applications for Forensic Accounting, Auditing, and Fraud Detection, 2012 by Mark J. Nigrini and Joseph T. Wells, page 12](https://preview.redd.it/f9abus3ajb271.png?width=740&format=png&auto=webp&s=610fb11e97a2cbc534678a335e5e1d3d3058b019) + +This is a book entirely dedicated to Benford's Law as a method. + +The GME Max all time chart starting from 2002 has **4857** records. + +The GME 5-year chart has **1259** records. + +The GME 15-month chart has **355** records. This is more than 300 records so the first-digit test can be used. + +So according to **Nigrini**, who, as I said in my original post, is acknowledged in the literature as establishing the validity of BL in forensic accounting, **the number of records available for GME is large enough and furthermore, there is nothing wrong in principle with testing small data sets**. + +# 2: NOT ENOUGH MAGNITUDES IN GME DATA + +Elsewhere in Nigrini's book, he uses the first-digit test on a small data set of a hairdresser's daily sales. The sales look like they rarely go over $100. He has no problem to test within this magnitude and to conclude that the hairdresser is fudging her numbers. + +&#x200B; + +[Benford's Law : Applications for Forensic Accounting, Auditing, and Fraud Detection, 2012 by Mark J. Nigrini and Joseph T. Wells](https://preview.redd.it/oc2bkrkpob271.png?width=756&format=png&auto=webp&s=2cdd20689d08cdfa230e5bca6184192930fce348) + +&#x200B; + +[Benford's Law : Applications for Forensic Accounting, Auditing, and Fraud Detection, 2012 by Mark J. Nigrini and Joseph T. Wells, p. 191](https://preview.redd.it/i8b8ydtnpb271.png?width=749&format=png&auto=webp&s=7c5af0b1369dfc587ca595f2c05cce8d94179f5f) + +&#x200B; + +# 2. BENFORD'S LAW CAN NEVER BE USED TO TEST THE PRICES OF A SINGLE STOCK + +\- It has been done very recently in 2020 in *Designing Shorting Strategies with Benford’s Law,* Sedrick Scott Keh, supervised by Dr. David Rossite + +[BL applied to one stock](https://preview.redd.it/kc03n0k8kb271.png?width=677&format=png&auto=webp&s=1f0071b16b09f1efef92a490dcd41888f0ca299e) + +&#x200B; + +This is the paper that the **Counter DD** and others cite: + +https://preview.redd.it/wt8a3ozekb271.png?width=841&format=png&auto=webp&s=32f68ab1861ccc7425fb82ab9f2e77045a8feecb + +&#x200B; + +https://preview.redd.it/5qu80dewlb271.png?width=424&format=png&auto=webp&s=7edf79545f26de0f960e0d54b8c57284ef3bd105 + +\- Just because something is **"rarely covered"**, or has never been done before, doesn't mean you aren't allowed to be the first. This is a good thing. In academic research it is called **"filling a knowledge gap"**. If you are a student you will get credit for finding and filling a knowledge gap. You are pushing the boundaries of knowledge. + +\- The **Counter DD** makes it sound as if the paper is arguing that BL cannot as a principle be used on stock prices because they are not natural data sets. **The paper does not say this.** The paper simply says that in Zagreb the stock prices do not conform and offers two possible reasons: *either* psychological *or* **manipulation**. Which means that BL is a proper method to use to screen for potential manipulation. + +# TLDR + +The data sets for all three GME charts are large enough; the magnitudes are enough; it is permissible to use BL on historical prices of single stocks; if a stock is not conforming to BL, **"the influence of financially powerful groups"** might be the reason. +I want to share my trading journal with you guys. + +I've been working on several strategies over the last few years and I've backtested them to the point where I'm comfortable to put them on with leverage. + +I started as an S&P futures trader and have moved to using the same strategies that I use trading futures with options. + +To keep it simple: I sell 60 DTE options on SPY. + +I take the credits from selling strangles to SPY to buy LEAPS in the tech names that are highly volatile. + +I purchase long dated options 12 months out, usually 25-40% OTM to leverage a tech portfolio. I pick a strike that is most liquid in the options chain. + +The goal is generate cash flow from selling short dated options and using that cash flow to purchase long dated options that will profit massively from a large move upward on QQQ. + +I will then sell front month/weekly options on the LEAPS to generate more premium like covered call. + +I will then take that premium to purchase VIX calls to hedge my portfolio. + +I wasn't sure what this strategy is called because it's a mix of an iron condor, double diagonal or box spread. + +After more research on trading the spreads between IV & HV on the stock indexes, I found out that this strategy is called "Volatility Dispersion". + +You are shorting front month volatility and using the credits to purchase long dated volatility capturing the spread between the options. + +When you put these positions on with leverage and it's profitable - the returns can be exponential. + +The risk of this strategy is very high. + +I've set aside some capital to run this strategy and I accept the risk. + +I am not a financial advisor so please do not try this at home. + +https://www.youtube.com/watch?v=lIlMtVGI5Pg + +Here are my positions: +https://imgur.com/a/MT11rtZ +Didn't think that today would be the day of "*Don't panic*", "*This is just a minor dip*" and suicide hotline posts, but here we are. And what we see is a lot of people panicking in the comments, or attempting to calm their own nerves by telling you guys not to panic and waiting for reassurance in the comments. + +This is why we always say to invest only what you can afford to lose. It's boring, but it's true. + +What I've noticed is that many people here: + +* Don't do their own research, don't care about tech, +* buy cryptos based on Youtuber's shilling videos, +* or based on shilling comments on Reddit, Discord, etc., +* or even worse, pick coins based on names and logos, +* and expect to become millionares overnight. + +These people are here to gamble with, and not to invest in cryptocurrencies that one day might disrupt the global financial system. + +They must've thought they are really smart and lucky with their gains these past few weeks. But in reality, if I asked my dog to pick 5 random coins from the 4th page of CoinMarketCap, I would've made the same gains probably. + +**If today's price movement scared you, or made you panic, you're in deeper than you should be!** +Hello Friends 👋 + +I work at a Berkeley-based startup created by two women founders, a software engineer and a machine learning scientist. Both women want to transform mental healthcare accessibility due to shared challenges from workplace burnout and postpartum. Currently, more than 50% of all depressed individuals, people like our moms, dads, brothers, sisters, friends, and coworkers, fall through the healthcare cracks because mental illness is difficult to detect. Even worse, many suffer in silence due to stigma and fear. We are working to bridge the mental health gap by creating technology that provides a way for people to get the help they need and deserve. We are looking to further innovate using as many diverse samples as possible in order to unlock help for millions of people. If you would like to support us by taking part in this study, we would be honored. + +**About the survey** + +* This is a 2 part survey: 1) Speaking section 2) Multiple choice questions. +* The survey will take no more than 10-15 minutes to complete. +* Please be in a comfortable and quiet location before you start the survey. +* For your time, we will send you a $10 gift voucher  +* Only 1 entry per person. + +**Qualifications** + +* Resident of U.S. or Canada +* Access to a mobile device (like a smartphone) or laptop (please enable your microphone before survey, otherwise recording will not work). +* **Both sections of the survey must be completed in full to receive gift voucher** + +&#x200B; + +**Your privacy is very important to us and is of the utmost priority. We would like to be completely transparent about our approach:** + +* We DO NOT sell or rent Personal Data to marketers or unaffiliated third parties. +* All audio samples will be de-identified by researchers at Kintsugi using a PII (personally identifiable information) removal script. +* No one will be listening to the contents of what the individual is saying, as we are training our models on voice characteristics and not content of speech. +* For reference, our research is also supported by the National Science Foundation + +&#x200B; + +**To participate, please click on this link**: [https://survey.phonic.ai/6142238fe840658a7b9872f9](https://survey.phonic.ai/6142238fe840658a7b9872f9). If you have any questions at all please do not hesitate to contact us at [alice@kintsugihello.com](mailto:alice@kintsugihello.com). + +**TLDR:** We are creating technology to democratize mental healthcare so everyone gets the help they deserve and need. We do NOT believe in selling data. You will be gifted $10 for your participation. +Hi all + +Looking for input or second opinions yay or nay + +I am 32 and have a home valued at approx 700k with only 130,000 mortgage on it. Relatively low cost of living area how values are stable I don’t expect them to rise or fall more than 10% in next 10 years + +I want to do some renovations on house so am going to do a refinance (currently at 3.75% with excellent credit can get into a 15 year fixed at mid 2’s). I will probably spend 150k on home reno. I am considering taking out approx 400k total in refi tax free and investing whatever I don’t spend on the reno + +I would do a mix of low cost etf potentially one w dividends and then invest balance in a private placement real estate fund which pays 8% dividend and has potential upside with exits (projected 5 year lock up of principal) If I find the right property I may use all or some of balance to actually purchase investment real estate + +My income is good (high 6 to low 7 figures / year) so I am not concerned with covering increased payments on mortgage if other cash from refi becomes illiquid for a period of time + +Anyone have any reasons not to do this or ideas on how to approach differently to maximize the money that is in home equity or high income? + +Thanks! Happy Sunday enjoy football! +I think this sentence in the Wikipedia intro of Bitcoin is irrelevant. The USD as well as been used in illegal online money laundering, but I don't see any mention on the USD wikipedia article... + +[http://en.wikipedia.org/wiki/Bitcoin](http://en.wikipedia.org/wiki/Bitcoin) + + +I was thinking about writing this in the Talk Page. Someone could help with phrasing ? + + + +**Edit :** + +I was thinking about writing this on the Talk Page of the article. Can someone help me with phrasing ? + +----- + +"Bitcoins have been associated with illegal online activity such as money laundering." + +Any currency has been associated with illegal online activities, including money laundering. As this information can't be found in the wikipedia articles of the USD nor any other currency than Bitcoin, it should be irrelevant to only mention it in this article. + +At least, we could add : "However, all fiat currencies have been associated with illegal online activities and this had no reported negative impact on their value/trust." + + +----- + +**Edit 2** + +It has been "Moved to keep factually merited information about illegal activities to the respective section, #Criminal_activities.". It now reads : + +"Bitcoins have been associated with illegal activities such as money laundering.[136] Though the degree of anonymity provided by Bitcoin has raised concerns about criminal or fraudulent activities such as money laundering, a late-2013 academic study noted the "unintuitive property" that while Bitcoin ownership is implicitly anonymous, the flow of Bitcoins is globally visible in the form of public ledgers that record transactions, the study asserting that even the most motivated criminal users engage in distinct "idioms of use" that would aid law enforcement in identifying them, thus making large-volume money laundering impractical.[137]" + +**I don't know who wrote this, but it sounds good to me ;-)** + + +I don’t give a fuck and that’s why they never break me. I don’t give a fuck who says what about what, I don’t give a fuck who’s a shill and not a shill, I don’t give a fuck if the price drops and I buy more or goes up and I buy more, I don’t give a fuck about FUD or hedgies or Vlad or kenay and da Mayo boys. That’s why they’ll never break me, because I’m a hard working 40yo relatively poor father of four silverback who invested only what I could afford (used our vacation savings back in feb around 6k) to buy into a company I personally know and love. I’ve read all my own DD, have done all my own research and have determined one thing….no two things, I like the stock and I don’t give a fuck. LFG 🦍🚀🙌💎🌍👩‍🚀🔫👨‍🚀🕹🎮 🛑 +All of a sudden I’m seeing so many posts and articles about a huge upcoming recession, and I recognise that rapidly increasing interest rates can cause that, but do we have any concrete signs that we’re moving towards a big correction? + +Many companies still seem to be hiring up a storm and businesses still doing well. Surely if it was as certain as it’s being made out to be many companies would be planning for it. +&#x200B; + +**Filed back in April,** **SR-NSCC-2021-005 , now finally getting approved on accelerated basis.** +**Can any wrinkled brain please take a look at this.** + +**https://www.sec.gov/rules/sro/nscc/2021/34-92640.pdf** + +&#x200B; + +https://preview.redd.it/a9ypcii08yg71.jpg?width=774&format=pjpg&auto=webp&s=530b11fd870992c52ffe46900fe728d23a045a6a + +**Summary:** + + ''Based on its regular reviews, NSCC states it has found that Members with Required Fund Deposits below $250,000 disproportionately experience repeat backtesting deficiencies because, should the Member’s settlement activity abruptly increase, the additional exposure to NSCC would not be mitigated until the collection of the Required Fund Deposit either intraday or on the next business day. 21 NSCC states it has also found that its current minimum margin requirement of $10,000 is disproportionately lower than the minimum margin requirements of other CCPs that clear similar securities products.22 Therefore, NSCC proposes to increase its minimum Required Fund Deposit from $10,000 to $250,000. '' +Hi all, + +I'm wondering if the cost of charging an electric vehicle at home is cost effective vs equivelent monthly petrol/diesel spend? With the energy price cap increasing, is it getting close to the point where it is no longer cost efficient to own an electric vehicle? I'm specifically referring to charging costs here, not purchase costs. +Ok maybe far fetched but here is why I believe Nikola's surge is completely unjustifiable. + + - Zero revenues: The company has zero revenues and does not expect to see any through 2021. + + - Preorders: Anyone can preorder a vehicle through their website without placing a down payment. My theory here is that Milton is doing so to avoid a potential investigation by the SEC should the orders not be fulfilled (even though they explicitly state so in their filings). Otherwise, why wouldn't Milton require customers to place down payments? 250 bucks, 500? It doesnt make sense, something seems fishy. + + - Trevor Milton: This man has pocketed almost $8B (per wikipedia) within the past month without delivering any substance to support such a big payday. Just potential delivery numbers that no one knows will even be met. He posts one picture of a concept car and investors lose their shit. Nikola is now valued between the range of $22-$25 billion, essentially larger than American Airlines and Delta Airlines combined. I've compiled a list of established companies and their market caps to compare with Nikola: + +Market Caps: +Nikola: $25B +Ford: $24B +Realty Income: $20B +Delta Airlines: $17B +Carnival Cruise Line: $14B +American Airlines: $6B + +You read that right, a company with no revenues, no production facility, and no operations, is larger than a Big 3 car manufacturer, one of the largest and growing real estate companies, 2 goddamn airliners, and a global carnival cruise line. + +Watching their videos on YouTube explains most of it though, they are very convincing in their marketing and personalities. Point blank, they look cool and revolutionary but they are missing everything else. + +The stock is currently trading around $60/share, and this... this my friends has taught me so much about market manipulation. + +It's a great story to tell though and I have to give it to the Nikola team, they're essentially a shell company who are in the process of yeeting billions of dollars of investors money and all it took was a few pictures of a concept car and 2 prototypes. + +Congrats Mr. Milton. +I am starting to get worried about Air Canada ([AC.TO](https://AC.TO)) as they are retiring 767 and they are expecting the recovery to take at least 3 years. I am not sure Air Canada can survive for 3 years with earnings being cut along with pile of loans that they need to pay off. + +Would it be possible if anyone can share their perspectives on this matter? + +Thanks. +Hey all, looking for some advice! + +I've managed to save $130k, over $100k is in stocks and the rest cash. I make $53k, increasing to $58k in six months. + +I'm looking to buy a detached duplex in Hamilton. I've been pre approved for $300k at 3.59% five year fixed or 3.05% variable. With that in mind, I'm looking to buy in the $350k - $425k range. I'm thinking about renting out both units in the house and continuing to rent the apartment I'm in now, where I'm paying $1000 all in, and very happy here. I can also be approved for a larger downpayment if I can rent one or both units of the duplex. + +5 - 10 year goal is to own three houses, two duplexes and one that I live in myself. + +Is this a quality or realistic goal? Would you invest differently given my circumstances? +So I helped my dad invest a few years back and he has made some killer gains on the investments. I’m currently in school and won’t be making very much money this year so I was thinking that he could possibly transfer me some of the stocks and I would sell them in my account to avoid him getting slaughtered by taxes. + +Is this legal and would this really work? +So, I know it’s probably more worth it to do dollar cost average than just dumping a bunch of money in at once BUT + +I have trading fees 6.95 for CIBC and I mean if I’m putting money every two weeks but I’m constantly paying 6.95 for each trade, how is it worth it, in the long run? +I started trading a long time ago, at first i traded stocks for mid-long term investments, then i started day trading big indexes, like nasdaq or s&p, it was all going well, i was maintaining my gains and i had trust in myself. Recently i tried a new strategy of trading, using barrier options on futures, I had a huge profit bubble in the first days, but ofter that I started losing, revenge trading and ended up blowing up all the profits and 75% of my account. After that I sat back for a while, deciding it was best to get back to paper trading. Now i want to start trading again with real money, but every time i see a chart or a possible investment opportunity I am too scared to take it, and end up not taking trades, I am terrified of losing again and I don’t know how to get past that. +I originally posted the below in another thread, but thought it might be useful information so pasting below. Hopefully, this doesn't violate any rules. + +For most people, leasing solar panels is a BAD deal vs. buying them. This includes people who think they "can't afford" to buy panels. Both buying and leasing panels involves a monthly outlay in lieu of a power bill—either to service a loan on purchased panels, or to pay the lease. + +Here's why: + +\-Solar leases can make it very difficult to sell your house, since the new owner has to agree to take over the lease. + +\-If you own the solar panels, they are an asset that increases the value of your house. If you lease them, they become a liability at sales time (see above). In some states, this increased value cannot legally be factored into property tax assessments as well, so you get to increase the value of your house without increasing your property taxes. + +\-Solar panel financing is very easy and can be done from the company who is selling them to you. It can be a VERY good deal. This stuff changes year-to-year, but here's how it went for me when I got mine installed (2016, New York state): + +\-A govt-subsided bridge loan gave me the value of the tax credits upfront, so I don't have to wait for them year-to-year. This effectively lowers the price of your solar panels from the get-go. For me it was cut from maybe $20k to $10k after the credits). + +\-Then, a govt-subsidized loan (in New York it's via NYSERDA) covers the rest, so there is effectively no out-of-pocket payment. Just a monthly "loan" payment that for me was about $90, and I pay instead of a power bill. + +\-The end result: I pay about $90 a month (less than my power bill would have been), and in 20 years the panels are completely paid for and I am left with an asset that increases the value of my house without adding to my property tax assessment. Oh yeah, and it helps the environment. In all: a VERY good deal. + +\-Solar leasing companies exploit all of the above financing schemes, which is how they make money. When you lease, you lose out on these. In addition, THEY continue to own a valuable asset that you are leasing for more than it would cost you to make loan payments. +**Ryan Cohen tweeted about BCG. COHEN STARTED THE WHOLE THING.** + +Immediately, Ape Intelligence Agency is on the case to discover all we can about BCG. + +BCG leads down some rabbit holes, most of which are leading right back to a VERY HIGH PERCENTAGE OF RETAIL BANKRUPTICES AND ASSOCIATED NETWORKS OF SCUMBAGS. (This includes the Amazon connection, which gets BadassTrader, and several others get THOUSANDS of upvotes every time they post.) + +Several days later, 50% of SuperStonk is claiming that the other 50% is forum-sliding into l1zard people, Qan0n, Alex J0nes, etc..... when NO SUCH THING HAS OCCURRED. People are still talking about BCG and the networks it is involved in. + +**COHEN STARTED THIS. Apes are looking into it.** + +What the fuck, and whose side is anyone on? +I have yet to understand why the market is rising so much today if there has only been bad news and the virus is only getting worse. I understand that Biden did well in the elections yesterday which leaves Sanders with a lower chance of winning but if anything that should had just slowed down the decline but instead it brought everything up? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>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) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +People be sayin we can focus on two things at once. In my opinion people be wrong. Just because you can split focus doesn't mean you should. Tweeting about kennys corruption, to corrupt govt. officials isnt going to make them get off their ass and do something about it. Im tired of the narrative that these regulators are incompetent dipshits who need evidence spoonfed to them.