diff --git "a/reddit_finance_43_250k_347.txt" "b/reddit_finance_43_250k_347.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_347.txt" @@ -0,0 +1,10000 @@ +Now, the data serves as an early indicator for what could become 30 days delinquent a month from now. + +When we first ran the numbers over the weekend, the results looked like this. We had about $6.7 billion in loans that had been current in March but had gone into or beyond grace period in April. That number reflected that about 20% of the loans have reported. That has since grown to [$12.9 billion with over 65% of the loans still yet to report](https://info.trepp.com/request-a-demo-of-trepp-morning-update). + + +For lodging loans – in March 2020 – the percentage of loans categorized as A or B was about 1.5%. In April, that percentage is now 19.9% – a number that has seen a modest uptick over the last few days as more data have rolled in and more loans have reported for the month. If this percentage holds up over the rest of the month, the dollar amount of loans in the A/B category could reach $15 billion in April based on the total outstanding universe of $76 billion for the hotel sector. + +For retail loans – in March 2020 – the percentage of loans categorized as A or B was about 1.7%. In April, the percentage is now 9.6% with the updated data. If this percentage holds up over the rest of the month, the dollar amount of loans in the A/B category could reach $12 billion in April based on the total universe of more than $124 billion for the retail sector. + +While it is known that multifamily and office will be less severely impacted by the pandemic's economic impacts, there will still be signs of stress. Here are the numbers for the multifamily and office property segments. Multifamily: March, 2.7%; April, 5.3%. Office: March 2.6%, April 2.2% (yes, a small drop.) + + +We are loading new data almost every hour of the week as new servicer data comes in – so these numbers will likely change frequently over the next few days.  + + +A review of March's watchlist and special servicer comments showed there was no mention of COVID as far as we could tell. The watchlist and special servicer comments in April saw many references to that term. + +Unfortunately, these numbers above could be on the low side of what's to come. There are many examples of loans for which the April 1 payment was made, but for which the watchlist comments now indicate a forbearance has been requested. + + +An example would be the $58.9 million [**Omni Royal Orleans**](https://apps.trepp.com/abpw/w/loanprop.cgi?whichTrepp=w&loanID=338641&dealname=COMM%202014-UBS2&utm_campaign=us-treppwire&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--2cJ9UlY9aYScfVUsfobeBGOtE-m-59dReCKtywiDSPllZERAQhngdhUPcREtLXI0xZ5Ow#loanProp=Loan) loan which makes up 5.59% of [COMM 2014-UBS2](https://apps.trepp.com/abpw/w/dealsumm.cgi?cusip=12591UAA1&whichTrepp=w&dealname=COMM%202014-UBS2&utm_campaign=us-treppwire&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--2cJ9UlY9aYScfVUsfobeBGOtE-m-59dReCKtywiDSPllZERAQhngdhUPcREtLXI0xZ5Ow). The property is a 345-room full-service hotel in New Orleans. First-time servicer watchlist notes indicate that "this loan is being monitored for hardship. Borrower reports collateral operations have been **impacted by COVID-19**. A forbearance is in progress." As noted, the servicer data shows that the April 1 payment for the loan has already been made. +We started dating just when she started going to school and I knew that she was taking out loans to finance her education. I knew they would be a lot, but wasn't nearly as financially aware five years ago as I am now. I thought she had about $120,000 in loans after graduating... I found out today it has ballooned to $166,000. She is only paying the minimum on each loan because she can't afford more. + +I am fucking terrified. + +In the past 3 years, my personal finances have changed dramatically. I went from being 10k in debt to having a net worth of just under 50k. I started a job at 50k per year in Sept, 2011 and have gotten three raises. One to 60k about six months in, another to 66k about a year and half ago and 3 weeks ago they bumped 80k. I have worked my ass off to pay off my own student loans, and save money. + +As it stands here are my finances: + +***Assets*** + +Checking - 1.5k + +Savings - 15k + +401k - 23k + +Roth IRA - 12k + +Car - 3k + + +***Debt*** + +Student Loans - 5.3k + +Outstanding Credit (paid in full every month, never accrue interest) - 1.2 k + + +***Income*** + +Joint net income = $94,648 +Joint gross income = $140k + + +I know I want to be with my girlfriend and most likely marry her, but this is making me seriously lose my shit right now. I've been working so hard towards financial independence and it feels like the dream has been ripped away from me. I am really feeling quite overwhelmed. + +Any ideas, suggestions or words of help would be greatly appreciated? Has anyone been in the same boat? + +EDIT: formatting + + +I've been losing money on options for 3-4 years now. I add options trading as my core business for tax purposes. To cope up with losses and make myself ready for the next day of losing, I hire strippers. Since those expense are there so that I can carry on the business of losing, can I consider them as business expense for tax purposes? +My wife and I recently got an EOB for our daughter's eye surgery stating we're responsible for $95k. Needless to say that night was a rough one. + +&#x200B; + +Quick but necessary backstory: Both my wife and I teach full time. Our daughter was born near the end of the semester. She took time off but I kept working. We both didn't add her to our respective insurances within the allowable time frame. We called HR within 60 days after remembering but each employer has a 30 day window so we were screwed. Fuck. So I bought an Anthem plan on the Marketplace with a relatively low premium and an $8700 deductible thinking that she'll have that for a few months of her usual well visits/shots/etc. until our open enrollment period and we can add her to our employers' plans.....A few weeks later we learn that she had congenital cataracts in both eyes (I had it too when I was born). This was a punch to the gut, for me especially. I immediately saw her entire future because I knew what was ahead of her, I've lived it. And us as parents because I know what my parents went through, mostly. Things got super real super fast because the local eye doctor referred us right the hell away to Stanford with probably the top surgeon in the country if not the world. We had a teleconference with him and within two weeks from her diagnosis she had her lenses removed. We now put in and take out contacts in her eyes each morning and evening. She's 4 months old. + +&#x200B; + +A few days ago we got the EOB from the insurance saying that Stanford's Lucille Packard Children's hospital is out of network......*no one said anything the entire time*. Yeah I suppose it was ultimately our responsibility to make sure that Stanford was actually in network, but things were happening fast. When the only pediatric ophthalmologist in your region says he's referring your child to one of the top hospital complexes in the ***world***, you don't think "hang on let me check if they're in my network?" And if they weren't, we would have had to turn down the surgery and go....somewhere else? The surgery needed to be done ASAP since she was already almost 3 months old at the time, so the sooner her cataracts could be removed the sooner her nerves would begin to develop allowing her to have sight for the rest of her life instead of going blind. Mine was taken out at 2 and 4 ***weeks*** old. No one, at any point in time, said anything about them not being in network. Not the local doctor's office, no one at Stanford when we were there, not Anthem. Anyways, $110k total charges and after the 8700 deductible +/- other stuff, we're responsible for about $95k. + +&#x200B; + +It was the perfect fucking order of events. Literally two weeks late with HR and it's costing us nearly $100k. That's fucked up imho. + +&#x200B; + +Current liquid assets: + +* $27k in savings acct +* I can sell my pickup for at least $35k in this market. We have an older car I could still drive. +* I have $16k in my old 403b. The 403b is a supplemental retirement acct for me since I have a pension with my employer. +* We have about $56k in apple stock. The stock was to be our down payment on a house within 5 years, plus it's just going to grow in the market. +* About $8k in other stock + +And so, I humbly ask the community your thoughts on what the fuck we should do. We rent our house from my wife's parents FFS. I sincerely thank you in advance. + + +Edit: Thank you again everyone for your comments and information. I’ve read them all. Some good advice in here. And I know the EOB isn’t a bill hehe but it’s still a bit jarring seeing it nonetheless. + +Edit 2: Nvm got some to read through! + + +Edit 3: Wow the outpouring of messages and responses, including links to specific government programs, has been incredible. I had no idea it’d get this kind of attention. Thank you! I feel a lot better about it now. I have some strategy for our next steps now. +I’m making money on an idea but wondering when to get out of the trade. It’s a play on the U.S. Dollar strength. Here’s the logic of the levelfields newsletter I subscribe to:  + +“Across the pond, the energy crisis in Europe, caused by the war in Ukraine, is driving the U.S. dollar to its strongest position in 20 years against the Euro. As the U.S. economy continues to outperform other economies globally, buying the dollar index ETF, UUP, can provide upside to investors as the dollar rises in value.” + +The Fed is hiking interest rates quickly and U.S. currency is becoming stronger as inflation is being addressed. The dollar also tends to do well during US recessions. + + +I’ve never invested in currencies before. The UUP ETF tracks the dollar and is easy to trade. UUP has been in an upward trend since the year began - pissed I didn’t know about this one. + +I bought calls at a strike price of $30 (ATM) with a Jan 2023 expiration date for 70 cents after I heard about it in early September.  The price is now $1.45.  I sold some calls at $1.20 (+71%) and left a majority of calls to ride, which are up 150%.  + +&#x200B; + +https://preview.redd.it/hqcs3f64gqq91.png?width=968&format=png&auto=webp&s=4b6d77630e012b0b801f033f5d1b8b3301868f90 + +I’m trying to figure out how much further the dollar can go but don’t have a good compass for that. Looking back at 2008, the dollar seemed to have peaked right at the peak crash.  + +I think we are pretty close to peak crash after a 9 month selloff - maybe there’s some to go but feels like there’s more to the upside than downside. I’m thinking of buying a bunch more and getting out when the remaining calls hit 200% gain.  + +Thoughts? +TLDR: The IHME model is trash. Media will soon notice. Long volatility via calendars on SPX for low risk high reward. + +All right boys and girls, listen up. Professor BoneMaster's class is now in session. I'm a researcher at a university you've heard of, and I've been following the 'rona closely since January. I told my students to buy SPY puts in mid-February and that the global economy was going to shut down well into the summer only a couple weeks later. I'm up 300% so far by longing volatility, have been mostly cash for the past couple weeks, but am once again confident enough to be back in. As I've now convinced you of my predictive ability, let's get to it. + +Thesis: The IHME model touted by Trump is bad. It is considerably under-shooting projected death counts. This becoming apparent is a very soon eventuality, which will be the catalyst for the next leg down. + +I'm going to try and keep this as simple as possible for the retards. The IHME model works as follows: + +1. Assumes cumulative deaths over time follows a curve like [this](https://en.wikipedia.org/wiki/File:Error\_Function.svg), but normalized for only positive x,y. + +2. Fits parameters that control the shape of the curve for a given location using existing data. Specifically, it fits for the time where rate of change is maximum and the maximum rate itself more-or-less. It then predicts a maximum value based off of that. + +So why is this approach retarded? + +1. Assuming a Gaussian-like curve for daily deaths and therefore a sigmoid-like curve for cumulative deaths makes sense in the context of a lot of basic epidemiological (SIR-like) models. We also saw curves like this in Wuhan. We are NOT seeing this in Italy or Spain. See daily infections and deaths for Spain [here](https://www.worldometers.info/coronavirus/country/spain/) and Italy [here](https://www.worldometers.info/coronavirus/country/italy/). What we are seeing is a leveling off of to a plateau/low angle slope. More later. + +2. The US models are fitted using data from Wuhan, Italy, and Spain. We are NOT following social distancing as closely as these countries. As others have posted in this sub, see [NY](https://www.gstatic.com/covid19/mobility/2020-04-05\_US\_New\_York\_Mobility\_Report\_en.pdf) vs [Italy](https://www.gstatic.com/covid19/mobility/2020-04-05\_IT\_Mobility\_Report\_en.pdf) vs [Spain](https://www.gstatic.com/covid19/mobility/2020-04-05\_ES\_Mobility\_Report\_en.pdf). Americans are stupid and selfish. We aren't social distancing nearly as well as other countries. + +What does this mean? + +1. For Italy and Spain, the IHME estimates are getting more and more desperate. I've been watching the realized daily deaths blow outside their confidence bounds for the last few updates. For the most recent model from Wednesday, Italy just blew up the model's **UPPER-FUCKING BOUND** today ([570 realized](https://www.worldometers.info/coronavirus/country/italy/) vs. [522 max](https://covid19.healthdata.org/italy)). Spain is likely going to do it tomorrow or Sunday at the latest. Needless to say, a predictive model that consistently fails to predict two days out within the fucking 95% confidence interval **IS NOT A GOOD MODEL**. + +2. The prediction for the U.S. is going to get double fucked. It suffers from the invalid assumption of a nice Gaussian-like curve, plus it's essentially fit using data that paints a much rosier picture than reality. + +Deeper dive: + +The model inherently assumes a notable inflection point. This occurred in Wuhan as the strict lockdown essentially killed almost all spread. The looser restrictions within Italy and Spain have kept the disease reproductive number sufficiently high enough to maintain something along the line of a plateau of daily new infections. Neither country is at the point where herd immunity has any effect, so this might be maintained for some amount of time. This could actually be considered the desired effect of flattening the curve, meaning that the restrictions are enough that the disease is under control but not so strict that you're welding people in their houses. + +Given sufficient time, this will result in herd immunity. However, at the current rate, that would take about 25 years for Italy (2.5 years if rate is 10x under-reported, as thought). If this is in fact something of a steady-state, maintaining it also requires that restrictions are also essentially maintained as-is until vaccinations are possible. If the rate is actually plateaued, then even a slight loosening of restrictions will result in an immediate second wave. + +What I think is actually happening is something along the lines of a self-limiting population-wide response. With bad news people cower in their homes, but with good news (we passed the peak!) people start going back out again. Good/bad news creates a feedback cycle resulting in a steady-state rate of infections that's just low enough to not overwhelm the hospitals. I call this response the "BoneMaster Effect". + +I think Fauci et al. is well aware of all of this but waiting to break the news. At least, I would certainly fucking hope so. The IHME models for the US have been relatively accurate, as the curve is absolutely a good fit for initial->peak infections. But as we've only just started to hit the peak in certain areas, the BoneMaster Effect hasn't come into play yet. We have another week or so until IHME says NY infections will reduce by half (https://covid19.healthdata.org/united-states-of-america/new-york), though their confidence interval is fucking absurd. If by next Friday NY is still getting O(600-700) deaths per day, then people are going to take notice. + +Summary of other models: + +The CovidActNow model is equally retarded, but in the other direction. It assumes way too high of a reproductive number with social distancing. The only good model with a fancy website I've found is the Los Alamos [one](https://covid-19.bsvgateway.org/). I've been keeping an eye on it, and they've generally been spot on. Basically, they don't make any explicit assumptions about disease growth rate except that it will trend down, then randomly samples over all possibilities of how the growth rate can change over time. This inherently captures that notion of plateau/low angle decreasing slope. More importantly, take a look at the 'team' leading that model and compare them to the original 'team' for CovidActNow vs. IHME. Notice anything? CovidActNow was started by a bunch of business fucks, IHME is like 90% attractive bio girls, but, by far, the Los Alamos team is the biggest group of nerds out there. Always bet on the nerds. + + +Uppies or downies: + +Neither. Long volatility. Calendar spreads below present value are the way to go along with a debit call spread for capping "brrrr" risk. Wait until you see the first article out hinting that Trump's model is completely fucked. + +Real TLDR: **A PREDICTIVE MODEL THAT CONSISTENTLY FAILS TO PREDICT TWO DAYS OUT WITHIN THE FUCKING 95% CONFIDENCE INTERVAL IS NOT A GOOD MODEL. LONG VOLATILITY. BET ON THE NERDS.** +For those who haven't experienced a drawdown of more than a couple hundred basis points because they started investing shortly after March 2020, here's some history. + +And yes, I know it's the S&P 500 and not the All Ords or ASX200. + +&#x200B; + +https://preview.redd.it/n5vx9h3z34e81.png?width=1143&format=png&auto=webp&s=df28c704d831679c86fa5af0fa9b86b351783ec7 + +&#x200B; + +https://preview.redd.it/88uxk9jz34e81.png?width=1048&format=png&auto=webp&s=495ac124723fa635ec2e8312b2ded492969e3ccb + +Source: [https://awealthofcommonsense.com/2022/01/this-is-normal/](https://awealthofcommonsense.com/2022/01/this-is-normal/) +Good morning, here's my watch list: + +Gap Ups: ACN, AHPI, BMRG, INO, MRNA, RAD, SRNE, UVXY, VIR + +Gap Downs: ALK, BA, IQ, KBH, LUV, NCLH, QURE + +Yesterday I mentioned support at the 200 Day moving average on the SPY as nearest support and thets where price stopped. Pre market price is sitting on top of the 200 dma. Next nearest support is at the previous pivot/bounce at around the 296/297 area. As of this moment I am still bullish as long as these levels hold. What is a bit interesting is that there are 3 gaps in the SPY that have not been filled yet. So if these levels break, will the gaps get filled? Only time will tell. As far as trading goes, there has been some decent moves. If the market falls further I'll try to catch another move in UVXY since TVIX is delisted. If it holds, business as usual and regular setups on continued momentum. Good luck out there +If every subscriber of this sub donated 1 dollar we would have more than enough money to run a 2 second add that just says “Buy Bitcoin”. Massive advertising to 111 Million people. +The live conversation between Dave Lauer, Jon Stewart and other guests just finished. I think it is worth a listen. + + [https://twitter.com/i/spaces/1ypKdELerLRGW?s=20](https://twitter.com/i/spaces/1ypKdELerLRGW?s=20) + +&#x200B; + +Dave ( u/dlauer ) Spitting straight fire throughout the whole thing. Mentioning Superstonk, DRS amidst other important factors. You have delivered the hype we had wonderfully. + +After months of stagnancy, I believe we are gaining traction and its time for us to be loud. Let's not lose this momentum. +The live conversation between Dave Lauer, Jon Stewart and other guests just finished. I think it is worth a listen. + + [https://twitter.com/i/spaces/1ypKdELerLRGW?s=20](https://twitter.com/i/spaces/1ypKdELerLRGW?s=20) + +&#x200B; + +Dave ( u/dlauer ) Spitting straight fire throughout the whole thing. Mentioning Superstonk, DRS amidst other important factors. You have delivered the hype we had wonderfully. + +After months of stagnancy, I believe we are gaining traction and its time for us to be loud. Let's not lose this momentum. +The future of Ethereum is so bright. The dip should’ve seen as a blessing not a curse. Hell, if we dip further, then you have an even better opportunity to buy ETH at even better times. ETH is highly likely to hit 5 figures. We should not be in such a rush for it to do so. +Too much attention is given to the increasing Bitcoin dominance and the declining ETH/BTC ratio. + +A more insightful metric is ETH’s share of the entire crypto market cap (or rather, the top 100 cryptos, a much healthier measurement of the ecosystem) . ETH is currently at about 8% dominance of the top 100 (about $255B). When removing Bitcoin, the picture looks much different - ETH is 25% of all altcoins (approx. $80B). + +As others have stated, 90% of the top 100 crypto’s will likely disappear in a few years (similar success rate as tech startups). ETH stands to take a much larger portion of capital flowing into this segment, even as the entire segment itself grows. +I have recently lost my wife, and she had quite a few credit cards. She had all these cards before we got married, and I was never added as a joint account holder. Am I liable for her outstanding debt? What do I need to do? I've gotten advice ranging from "Ignore it" to "Hire a financial advisor/lawyer before even contacting the creditors." She passed very recently so I don't have any creditors hounding me yet. Any advice is appreciated. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, last week closed with some tit-jacking volume. +It wasn't that volume was particularly high or low. +It was that the volume was coming in huge chunks. +This is the signature of a whale buying into the market. + +Of course, this opens up a large number of questions. +Is this a new whale, or someone who already has a large position?Will we soon see disclosure forms indicating who is now the proud owner of millions of new shares? +I am just as eager as you to learn these things. +As we await answers, let's see if the German markets provide any insight. + +Today is Monday, December 19th, 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: **$20.87 / 19,65 €** *(volume: 6508)* +- 🟩 115 minutes in: $20.87 / 19,65 € *(volume: 6483)* +- 🟥 110 minutes in: $20.78 / 19,57 € *(volume: 5973)* +- ⬜ 105 minutes in: $20.92 / 19,70 € *(volume: 5946)* +- 🟩 100 minutes in: $20.92 / 19,70 € *(volume: 5926)* +- ⬜ 95 minutes in: $20.86 / 19,64 € *(volume: 3136)* +- ⬜ 90 minutes in: $20.86 / 19,64 € *(volume: 3136)* +- 🟩 85 minutes in: $20.86 / 19,64 € *(volume: 3136)* +- 🟥 80 minutes in: $20.86 / 19,64 € *(volume: 1776)* +- 🟩 75 minutes in: $20.90 / 19,68 € *(volume: 1776)* +- 🟥 70 minutes in: $20.87 / 19,65 € *(volume: 1776)* +- 🟩 65 minutes in: $20.97 / 19,74 € *(volume: 1261)* +- 🟩 60 minutes in: $20.83 / 19,62 € *(volume: 1254)* +- 🟩 55 minutes in: $20.82 / 19,61 € *(volume: 1226)* +- 🟥 50 minutes in: $20.82 / 19,61 € *(volume: 1226)* +- ⬜ 45 minutes in: $20.82 / 19,61 € *(volume: 1226)* +- 🟩 40 minutes in: $20.82 / 19,61 € *(volume: 1216)* +- 🟥 35 minutes in: $20.78 / 19,57 € *(volume: 1216)* +- 🟩 30 minutes in: $20.79 / 19,57 € *(volume: 1216)* +- ⬜ 25 minutes in: $20.78 / 19,57 € *(volume: 1216)* +- 🟥 20 minutes in: $20.78 / 19,57 € *(volume: 1216)* +- 🟩 15 minutes in: $20.78 / 19,57 € *(volume: 1180)* +- ⬜ 10 minutes in: $20.78 / 19,57 € *(volume: 1049)* +- 🟥 5 minutes in: $20.78 / 19,57 € *(volume: 1029)* +- 🟥 0 minutes in: $20.79 / 19,58 € *(volume: 956)* +- 🟩 US close price: $20.80 / 19,59 € *($20.90 / 19,68 € 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 1.0619. 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! +Apple has made my podcast player barely useable, but June 21st tastytrade had a podcast (I think “futures measures”, but possibly “trading concepts”) where one of the younger people was answering audience questions and said something like to stay conservative you should have about $100 theta (or 0.1%) for every $100,000 of your portfolio. What’s this mean? Seems super low especially for tastytrade where they’re always trying to get you gambling + +Now that I think about it, that must be $100 in captured premium decay per day? That sounds crazy small but I guess in a year that’s 20% +Hey all, + +Just discovered beauty of selling rather than buying options. Wanted to start with a few moves and was hoping for some feedback to make sure I’m not making a completely ridiculous move and that I understand CSPs. + +Been sitting mostly cash, with some minor scalps for short term rallies, but my thesis is that market will bounce around current range for at least a few more months, maybe skewed a bit more towards bearish. I’m looking to start selling CSPs with the hopes that I either get a premium and worst case get assigned so I can make an entry into some stocks I like and start wheeling if needed. + +TSLA 505p 7/15 +AMD 85p 7/15 +NVDA 140p 7/15 + +I like the dates because they are before the next earnings calls ie hoping to reduce risk. + +Overall, just looking to dip my toes into theta side and start with some safe plays ^. +[Source](https://www.dtcc.com/-/media/Files/pdf/2022/9/22/a9213.pdf) + +[SR-NSCC-2022-012: Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Make a Number of Clarifications and Enhancements to NSCC’s Rules & Procedures](https://www.sec.gov/rules/sro/nscc/2022/34-95723.pdf) + +CNS Delivery Exemptions Section D of Procedure VII describes the procedures for controlling deliveries to CNS, including the process by which Members may submit instructions to NSCC to indicate which short positions they do not wish to settle and should be exempt from delivery. + +CNS provides for two levels of Exemption. Level 1 Exemptions allow a Member to designate that a portion of its short positions should not be automatically settled against its current Designated Depository position or against any securities which may be received into its Designated Depository account as a result of other depository activity. + +Level 2 Exemptions allow a Member to designate that a portion of its short positions should not be automatically settled against its current depository position, but that such a position may be satisfied by certain types of “qualified” activity in its Designated Depository account. Section D.2(b) of Procedure VII discusses the four types of qualified activity, which allow short positions carrying Level 2 Exemptions to be settled. + +# The list of qualified activity currently includes, among other things, “Receipts from Member’s Sub-Account,” which provides that, as a result of CNS sub-accounting, a Member may have a long position in a given security in one CNS account and a short position in the same security in another CNS account, and since both CNS accounts settle against a single Designated Depository Account, the Member may receive securities from itself. + +As noted above, Section D of Procedure VII is intended to describe certain Member rights and obligations associated with the delivery of securities to CNS. **Section D.2. of the procedure specifically discusses the process by which Members submit instructions to indicate which short positions should be exempt from delivery and which types of qualified activity allow short positions carrying Level 2 Exemptions to be delivered and settled.** + +# Section D.2(b)(iv), however, discusses a hypothetical scenario under which a Member may receive securities, which is unrelated and not relevant to the delivery of securities to CNS under the exemption and qualified activity process. Accordingly, NSCC proposes to delete Section D.2(b)(iv) to remove potentially confusing procedural language and improve the clarity and accuracy of its Rules.* + +\***CNS accounts settle against a single Designated Depository Account. It is therefore technically possible for a Member to deliver securities to NSCC’s CNS account to satisfy a short position in one CNS sub-account and receive the same securities from NSCC’s CNS account in connection with a long position in another CNS sub-account. However, the Member is not delivering those securities directly to, nor receiving securities directly from, itself, and the Member may also receive securities that have been delivered to NSCC’s CNS account by another Member. This is another potential area of confusion in the procedure that would be addressed by the proposed deletion of this rule text.** + +# Solicitation of Comments + +Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: + + Electronic Comments: Use the Commission’s Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an e-mail to rule-comments@sec.gov. Please include File Number SR-NSCC-2022-012 on the subject line. + +Paper Comments:  Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. All submissions should refer to File Number SR-NSCC-2022-012. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet website (http://www.sec.gov/rules/sro.shtml). + +# All comments received will be posted without change. Anyone submitting comments is cautioned that they do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. +I've been exploring analyst ratings as a signal and wanted to see if anyone else here has done the same/wanted to trade notes. + +Here's what I've got so far: + +I grabbed a list of \~8k tickers for the NASDAQ and NYSE and ran them all through yfinance ([https://github.com/ranaroussi/yfinance](https://github.com/ranaroussi/yfinance)) to pull the analyst recommendations into a local database. They look like this + +&#x200B; + +[example ratings from yfinance](https://preview.redd.it/z3hwys9n3cw41.png?width=785&format=png&auto=webp&s=36b29ed56c04faf15e5c0916fb23250007db88ad) + +Then, I created a table by hand to translate all the various rating words into a "standard scale". This part is certainly subjective and I'm, not too happy with it yet: + +&#x200B; + +[hand-made \\"standardized\\" ratings](https://preview.redd.it/wci2gei14cw41.png?width=263&format=png&auto=webp&s=d0430db6ad18555896731c13d3bcf5e4c89b35fa) + +I noticed that most firms only issue 3 levels of ratings according to this scale (for example, they say buy/sell/hold, but never strong buy/strong sell), so I added a "balanced" rating column that converts their 2,3,4 to 1,3,5 respectively and populated all this with a few queries. + +&#x200B; + +[standard and balanced ratings](https://preview.redd.it/u13g1s3i4cw41.png?width=1178&format=png&auto=webp&s=42984c079a5778046fa894782311b3df72d20b6e) + +Finally, once I had this data, I created a very simple zipline script where I could specify an analyst, minimum rating, lag time between the rating and when I buy (you can't expect to buy immediately when ratings are issued), how long a rating is "good for" (more on that later) etc. + +I ran all analysts with more than 100 ratings total from 2013-1-1 to 2020-4-17. The script will buy anything with a 5 rating next-day and sell anything that goes lower, while maintaining an even balance between all recommended stocks using this very simple idea: + +order\_target\_percent(symbol, 1.00/count\_to\_buy) + +In this run, if the analyst rates a stock 5 and never re-rates the stock it just holds forever. Here were the top firms from this approach: + +&#x200B; + +[analyst firms strong-buy only returns from 2013 to current sort by Sharpe](https://preview.redd.it/kwa6gy7i6cw41.png?width=1627&format=png&auto=webp&s=8b9274e32d93eb389f0e59a1c7ed73739c1a854c) + +Funny enough Pacific Crest hasn't actually issued a rating since 2017-06-27 and still took first place. Go figure. + +Out of curiosity, I grabbed just Craig Hallum and tried re-running, but instead of holding each strong-buy forever, I would only hold for X days, where X is max\_rating\_age\_days: + +&#x200B; + +https://preview.redd.it/atu8wj917cw41.png?width=1470&format=png&auto=webp&s=2eccc8bec00ae658e8d45f55bfee91739d47eca2 + +So those are some great looking returns/metrics and all that, but I'm trying to figure out where to go from here. Some ideas I'm kicking around: + +\-If you dig into the specific holdings for the best run above with a 60 day hold, the portfolio is often holding <5 symbols at a time, sometimes as little as 1 or 2. This seems... bad. + +\-Run all firms for X days each to try to determine the best hold times or range of best hold times + +\-Get price target data and try holding until we hit a target instead of just X days + +\-Look at rolling Sharpe ratios to see if firms are consistently right vs just lucky once or twice + +\-Run some backtests which buy from multiple firms' recommendations at-once after we identify the "good" ones to build a more balanced portfolio + +\-What's the best way to identify the "good" firms? + +\-What are some good sell signals based on this same approach? + +All thoughts and ideas appreciated. I'm happy to toss my crappy code so far into Github if there's any interest. +So, I feel like I discovered something really trivial and that's been done for years, but since I'm new to this world I'd still like to know what you think about this strategy. + +The algo is pretty simple. Given a universe of stocks (about 500), for each stock: + +1. Get last year's closing prices +2. Compute returns +3. Check if returns are normal using various statistical tests (e.g. Shapiro, K2, etc.). If returns are not normal restart, else go to (4) +4. Estimate mean and standard deviation of returns from the sample +5. Draw 1000 vectors of size 100 from a normal distribution with the mean and std found in (4) (here 1000 is the number of simulations and 100 is the number of days for which we want to run the simulation). We are assuming that returns follow a Random Walk, i.e. returns at time t are equal to returns a time (t-1) + a random error drawn from a normal distribution. +6. From (5), we will have 1000 different paths, each with a different final 100-day return. Average all these returns to get the expected return and volatility in 100 days. + +Finally use the results to find over and underachievers. + +I feel like this is a really dumb strategy that must have been tested decades ago, but I'd love to hear what people more experienced think about it. Has anyone tried something similar or has any suggestions to improve it? Thank you for reading! +Crypto.com met backlash with their original announced reduced rates. As of a hour ago they have immediately slashed rates a 2nd time. The original rate reduction didn't take into effect until April 4th but this takes effect immediately. + +Before they were increasing ETH stake rates from 6.5% to 7%. They have now slashed it down to 4% + +Stablecoins like USDC were going for 12% rates. Hell I just locked in the 12% 15 hours ago. They were reducing it down to 10% but with their 2nd rate slash it is now down to 8%. + +This is crazy and I don't expect crypto.com to last much longer if they are reducing rates without warning and this fast +June 2016 I bought a new truck, I didn't like the truck I bought so I went back and purchased a different truck. It was all added to my loan, and it was the the biggest mistake of my life. + +My loan total was $49,000 + + +I was making great money and I figured okay, I made a mistake but I will pay it off... + + +Well life happened and my boyfriend and I moved to another state for his job, I had a hard time finding another job in my field, and my truck ended up getting repossessed. My parents helped me and I got my truck back. + +My monthly payment is $730 a month + + +My loan total is now $39,000 + +My Dad suggested I trade in my truck, and figure something out because it's too big of expense for me right now. + +I'm not sure what I can do... If I trade in my truck, won't that balance just be added onto the new car I'm getting? + +Can I even do anything? + + +Is my credit too messed up now, after the repossession to even buy/trade in a truck. I won't be approved... + + +Please help... Thanks +For noobs, yesterday was a warning shot. Those millions who came into the space in the last month all have one thing in common: they do not know pain. They have entered at a time of unprecedented exuberance and plenty. An altcoin bacchanalia. For the last month, it was harder to not make gains than it was to make them. You could log onto Binance, pick 5 coins at random, come back after three days and see your portfolio up percentage points. Magic! + +This is both a blessing and a curse. The blessing part is obvious. But for everything there is a season, and this alt season has its limit. The flip side of making these easy gains is creeping comfortability with your environment, and an assumption of its stability; that this is the normal state of affairs. + +This incentivized, false sense of security (aka Kool-Aid) is what will get you rekt. + +Individual assets ebb and flow, gain and lose; same with the overall market; same with all the subdivisions within it. These *will* see a downturn, it is an absolute certainty. Bulls and bears are fundamental to *all* markets at *every* level of magnification, from the macro to the micro. + +For the past month, we have been inundated with success stories. Massive gains all around! Even the riskiest bets have paid off in cases; going all in on a heavily shilled coin that 5x's in a matter of days. The ones winning on these bets are the squeakiest wheels in this space, they post screen shots of their Blockfolio totals and boast of their windfalls. "Didn't I tell you??" "Fuck Bitcoin. Why hold a dying shitcoin when I can get ten times the ROI on this spread of altcoins?" + +I will not be shedding any tears over these shitlords getting obliterated. The system needs to shake out overconfidence periodically, and it does so in brutal fashion. But for those who would like to not only make gains, but *keep them*, focus on this: + +#Any idiot can fall backwards into 5x'ing their portfolio during an alt boom. The question is 'How can you *reproduce* those results sustainably?' + +I'll repeat: *How can you reproduce those results sustainably?* What good is a 60% gain on your bottom line if it can be wiped away in minutes when the market shifts? What will happen to your portfolio when (not if, *when*) the market turns bearish? Practically every seasoned crypto trader will tell you the same story: by getting rekt early on, they learned the absolute necessity of *strategy*. In chess, in sports, in politics, in crypto asset speculation; tactics will bring success up to a point, but creating a coherent, goal-oriented *system* is what separates longstanding winners from lucky pretenders. + +So here's my advice on how to do that. *Disclaimer: this is what has worked for me. I have gleaned this information from a multitude of sources, and I know it to coincide with the strategy of several hugely successful personalities in the trading sphere. That does not mean it is the only way, nor does it mean modifications or rejections of parts will not work out even better for you. The most I can offer is my opinion on a baseline from which to build a personalized system that works for you.* + +To begin, never look at fiat value unless you are trading fiat pairs. If you trade crypto pairs, the strategy is to *accumulate* in whatever base pair you use. So if you use ETH pairs you are accumulating gwei, the amount of gwei you have is your only bottom line. I use BTC pairs exclusively so I only pay attention to sats, and I trade only to gain more sats. + +If you buy a crypto-paired altcoin, you're trading *against the value of your base currency*. If that base currency makes a gain, unless your alt gains by the same amount, you're down. ETH, the second-most popular pair, almost tripled in value over the past month, so holding an alt against something that tripled in value is swimming against a strong current. + +This may sound counterintuitive, but when using crypto pairs the fiat value *can't* be a factor in your trades, you need a single index, either crypto or fiat. Otherwise you will be rekt, and you won't even know how it happened because of the multitude of running variables at play. + +It's about an ongoing strategy of making gains sustainably. You need to have a single reference point, a single bottom line. This will require a strong belief in the ultimate success of your base asset. This will allow you to direct all of your efforts towards one single purpose and unify your system. + +Again, this doesn't mean it's impossible to make money using 3 different pairs and going all in on shitcoins. But the question again is can you reproduce that result time and again in a market that can go from bull to bear with little warning. Chasing fiat gains willy nilly relies too much on luck, and *luck can't be reproduced*. So the single index is about a coherent strategy for the long term. Sometimes you'll be down in fiat, sometimes you'll be up, but it's best to ignore that altogether because in the end you'll have more fiat than you would have from chasing it directly. If ultimately you *are* chasing fiat, that's fine, but you do it *indirectly* by accumulating your base cryptoasset. So when that makes gains, your entire portfolio gains. + +I'll amend the single index rule by saying it can be advisable to hold multiple strong assets, as well as holding a strong competitor as a hedge. Many people accumulate both sats and gwei. Many hold BTC and hedge with an equal amount of BCH. Some funnel a fixed percentage of their profits periodically into favored, strong alts. There are many combinations, the point is to carve out your own version of this system based on your own beliefs. + +Part of the reason for this incredible alt season is that the large majority of pairs in use are BTC pairs, and BTC is consolidating after a huge bull run and has been stable (relatively speaking of course) for about a month. The media attention from the Bitcoin run brought a huge number of first-time traders into the market. As BTC seeks a solid support level, attention has turned to alts and their promise of crazy returns. But if BTC makes a big move, as is expected very soon, you're going to see an absolute bloodbath for alts, especially shitcoins (we saw a tiny taste of what is possible with yesterday's Korea FUD). Newcomers are untested, they have no pain tolerance. They are prone to the two biggest rookie moves in investment: fomobuying and panic selling. But if you have been accumulating by dumping your profits from alt trades into your base asset(s), your exposure to their emotions will be less. You will see all of your gains compounded in a single asset. That is where you will see your ultimate, *secure* returns. + +So, what's your exposure? Do you have a plan for x asset when the currency it's paired with goes on a bull run? Are you investing for a month, or for years? Protect your bottom fucking line, leave these bragging noobs in the dust. Drink their sweet tears. + +Happy hunting. + + + + + + + +**Official announcement from BAT & Brave:** https://brave.com/brave-civic-partnership/ + +**Official announcement from CIVIC:** https://www.civic.com/blog/civic-to-offer-secure-identity-verification-services-on-the-brave-publisher-platform/ + +Brave-verified Publishers with Civic Reusable KYC will be able to collect earned BATs with their own Ethereum wallets + +Civic, the global digital identity leader, and Brave, an innovative privacy browser combined with a blockchain-based digital advertising platform, will collaborate to provide Civic’s identity verification services to Brave’s verified publishers. Publishers will have the option to use Civic identity verification and other Know Your Customer (KYC) services in order to securely collect the Basic Attention Tokens (BATs) earned via the Brave browser and the BAT platform. + +There are currently over 21,000 Brave-verified publishers, and 4 million monthly active users of the Brave browser. Brave users can opt to anonymously and automatically reward publisher content by donating BATs through the integrated Brave Payments system in the browser. In the future, publishers who provide their own Ethereum wallets to receive BAT payments will have the option to use Civic Reusable KYC to verify identity and ensure authenticity. Publishers will benefit from convenient, secure, and private identity verification through the Civic app. + +Reusable digital identity is the core of Civic’s identity verification platform, and Civic Reusable KYC will enable publishers to safely and securely verify their identities and receive BAT contributions without sharing unnecessary data. Additionally, publishers will have a way to conveniently be identified with their mobile devices each time they log in to claim their tokens. + +“Brave is a revolutionary browser that is combating some of the biggest Internet privacy challenges. As Brave is experiencing exponential publisher and user growth, implementing Civic will enable more people to safely and securely utilize the Brave platform while establishing and sustaining trust between publishers and users. We’re thrilled to partner with Brave and bring our trusted identity verification services to help build a better browser with the benefits of blockchain technology,” said Civic CEO and Co-Founder, Vinny Lingham. + +“Brave and the Basic Attention Token aim to directly connect users and publishers in a transparent system to guarantee privacy and authenticity, without the intermediaries that harvest user data. Civic shares our values around privacy and protecting user information, and we’re excited to work with them to offer Civic Reusable KYC, which will be key to ensuring security and privacy on our publisher network,” said Brendan Eich, CEO and co-founder of Brave Software. +This collaboration was announced at Consumer Identity World in Seattle on Friday, September 21. Civic recently launched its Reusable KYC incentive campaign, called “Civic Libre”, where anyone with a legitimate business can benefit from no cost identity verification services until the end of 2018. + +I'm going to spend $10K on a luxury good (wedding related) in the next month or two. + +Should I pick-up two new credit cards to earn the introductory reward points? (I could purchase it with cash if necessary so I won't incur any interest, I'll pay off the expense immediately.) + +I currently have three credit cards that I use routinely. + +* \-USAA Credit Card +* \-AmEx Green +* \-Chase Sapphire Preferred + +If so, any recommendations? +Hi all! Looking for some thoughts and opinions on this financial situation.. + +It would be my first major expense at age 24, with a stable paying job in my career. I’ve been saving for years, frugal and spending only on what I must.. also no debt- no student loans or high credit balances. + +Is now a good time to buy a car? I’m looking at an SUV or electric fir the long-haul. I would consider any lease or loan option- whichever is a better deal. Yes- it would be a primary, everyday car. + +I definitely have great credit, so the interest would not be an issue. Also have saved plenty for a down payment (about 20%). + +Insurance would be under the family plan. Only out of pocket costs is car monthly, maintenance, and gas. I’ve calculated a monthly of up to $450 is affordable. + +The link here- I am also saving for a home and am well on my way to a hefty down payment there, too. All while keeping the emergency fund out of the expenses. What I’m thinking is- I’d rather not have a time where two major purchases are made close together. + +And, planning for the future/retirement is also in the works. I have a solid investment foundation I do not touch, as well as the IRA and 401K from my employer. + +Any and all opinions are respected and well-received! Thanks for all the contributions. +My financial advisor told me that he would charge me 1% of what he manages , but I don’t understand how he gets the 1% out. Do I pay him the 1% or does he take it from my investments somehow and if he does, how does he get it out of my investments? +Check out Part 2 here after reading! ([https://www.reddit.com/r/Superstonk/comments/rqpup4/the\_big\_short\_again\_the\_auto\_loan\_asset\_backed/](https://www.reddit.com/r/Superstonk/comments/rqpup4/the_big_short_again_the_auto_loan_asset_backed/)) + +&#x200B; + +Hey all! Welcome back to another DD but this time on a different type of Asset Backed Security. You probably know me now as the 'SLABS guy' (Student Loan Asset Backed Securities) due to my recent 5 Part DD Series on SLABS, but I figured at the request of many comments I'd take a deeper look at the auto market. + +As many have pointed out, there are a ton of different collateral markets for different types of loans. Credit cards, medical, auto, student loans, etc. I am of the belief that these ABS markets are all inherently risky, as the regulatory measures like ratings have been corrupted in the pursuit of money. I decided previously to look into the Student Loan ABS bubble because of how big the market was - about $1.6T in student debt is held by the USA total. I didn't even realize that the auto market has about the similar amount of debt outstanding - approximately $1.3T. Wow. Time to go down this rabbit hole for a bit. SLABbit hole? ALABbit hole? + +This is the first time I've ever really looked into auto loans and the securities market associated with them. So take this with a grain of salt. We're all still learning here. + +With that said, let's go! This is gonna be a fat DD. I'll include a TL:DR at the bottom, but I'd still recommend reading the whole thing. + +First of all, the structure of Auto Loan Asset Backed Securities (ALABS) functions very similarly to how SLABS work, or Mortgage Backed Securities worked back in 2008. This link ([https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/)) explains: *"Subprime auto loans have been and are being bundled into auto loan asset-backed securities (“ABS”) and sold to the public as solid, income-producing debt investments similar to corporate bonds. They’re marketed as secure products offering above-average interest. But while a bond may be backed by an issuing company’s income and assets, these auto loan ABS products are backed solely by a pool of auto loans.  The loans are bundled and the rights to receive the payments generated by the loans are sold to investors.  Those rights are divided into tranches."* Tranches? Subprime loans? Asset backed securities that are misleadingly marketed as secure products? That all sounds familiar. + +But first, let's discuss how big the market is for these ALABS. I will be extensively referencing [this study](https://ilr.law.uiowa.edu/print/volume-106-issue-5/bursting-the-auto-loan-bubble-in-the-wake-of-covid-19/) for information, and using graphs with data from the New York Fed. The study is entitled "Bursting The Auto Loan Bubble In the Wake of Covid-19". Well that title is straightforward isn't it. + +It's important to understand just how many people take out loans to buy cars. *"About 85% of Americans own a car, and 2/3 of car owners fund their ownership with loans".* So obviously, even though these loans will not have larger dollar values than student loans or housing loans, they're still very widely used. And they're growing. A lot. This graph should help demonstrate this rise further. It uses data from the New York Fed. + +&#x200B; + +https://preview.redd.it/48y31vajmb881.png?width=493&format=png&auto=webp&s=fcc3198391119fa6fa9cb30ed97422b1c98f949e + +The study continues, saying *"During the past decade, auto debt has skyrocketed, increasing nearly 40 percent overall, with the average auto loan for a new car rising 11 percent. Part of the growth stemmed from a flourishing subprime auto loan market, which now accounts for nearly one-quarter of the $1.33 trillion in auto loan debt outstanding. Overall, as of the beginning of 2020, auto loans made up about nine percent of household debt, making “\[t\]he auto loan market . . . the third-largest consumer credit market in the United States,” behind home loans and student loans."* Ummmmm...this should be a HUGE red flag. The subprime (aka ' very risky loans that probably never should've been given out') market alone makes up nearly $325B (a quarter of $1.33T) of the auto loan industry! And with this growing amount of subprime loans comes increasing levels of default. Just look at this graph here, compiled also from data from the New York Fed. + +&#x200B; + +https://preview.redd.it/pcr5sv6kmb881.png?width=481&format=png&auto=webp&s=c673813e7ee93def5cc6d793f04bae4fd61b34ca + +You can see a DRASTIC rise in auto loan defaults which as I believe is a result of increasing lending to subprime consumers. So why hasn't the bubble burst yet? Well, that same study says *"Prior to the pandemic, the build-up of auto loan debt outstanding and the growth in delinquencies and defaults led experts to classify the auto loan market as a bubble and to predict that the bubble would burst soon. The United States’ strong pre-pandemic economy combined with a low unemployment rate likely were the leading reasons that the bubble did not burst at that time. Yet, even then, multiple reports recognized that the rise in auto debt in the United States showed an unsustainable dependence on automobiles financed by households."* Ok. So the reason that shit hasn't hit the fan yet is because the economy was really strong before the pandemic. Well, here we are a few years into the pandemic now, and this thing still has not burst yet. In my eyes, it's only a matter of time. + +A reason why defaults and delinquencies may be increasing is because people are strapped for cash recently, with inflation and now the pandemic. This article ([https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/)) states, *"Borrowers with more cash than credit tend to pay their loans more quickly to avoid the high interest rate attached to the loans.  The fact that they’re* [*paying loans more slowly*](https://www.forbes.com/sites/davidkiley5/2017/05/31/sub-prime-auto-loan-payback-and-delinquencies-rising-along-with-new-vehicle-prices/#61c6af459742) *is thought to be a sign that borrowers are more strapped than they have been previously."* Basically, people are paying loans more slowly, which causes interest to snowball, and will thus cause even more risk of default. + +Another interesting thing to note is how auto loans actually work. While some large companies have in-house crediting, like Ford Motor Credit, typically banks partner with dealerships who then give loans to customers. This is a huge issue. Because **instead of these banks directly servicing consumers, they are instead trying to please dealerships the most.** This means that *"the auto loan origination market prioritizes the interests of lenders over those of customers, which has led and will continue to lead people to agree to loans with disadvantageous (and inflated) interest rates, fees, and terms."* Pretty straightforward - because the dealership is the middle man who is actually giving the banks business and money, the banks negotiate loan terms that are *more favorable* for the dealers than the buyers. This would obviously lead to increased rates of delinquency and default, but this strategy is still *immensely profitable* for dealers. Take a look. *"Over the past decade, the relative proportion of profit that auto dealers have made from car sales versus car financing has narrowed. For instance, in 2011, dealers made 66 percent of their profit from car sales versus 34 percent from car financing. In 2018, this balance had flipped, with dealers making money from car loans than car sales. Dealers should be increasingly more interested in selling auto loans than actual cars."*  Woah. So now, **when you go to buy a car, the dealers are actually more interested in putting you into debt and making money off your loan than making a profit off the physical car.** That's pretty wild to think about. + +How is this even allowed? Well, the study continues, saying "*Similarly, as noted by Edward Balleisen and Melissa Jacoby, car dealers have succeeded in lobbying at the state level, leading to the lack of state-level regulation of auto loans, and have a lobbying force that is ready to take on proposed regulations."* Try to act surprised. + +But how does all of this tie into an ABS market? Well, similarly to other types of loans, *"Auto asset-backed securities are essentially a bundling of car loans that are then sold to investors. They are grouped by the creditworthiness of the borrowers and categorized as prime, nonprime or subprime."* ([Link](https://smartroom.com/blog/asset-backed-securities/is-the-auto-lending-market-bubble-going-to-burst/)). As I explained in my DD about SLABS, the record-high levels of RRP show that everyone is absolutely desperate for collateral. So I would not be surprised if these ALABS were also being used extensively as collateral. But, as I've shown above, these ALABS are again overvalued. That article continues, saying *"Delinquency rates are on the rise in auto ABS, especially in the subprime category. According to a May 2018 story in* [*PYMNTS*](https://www.pymnts.com/news/alternative-financial-services/2018/consumer-spending-loan-credit-card-debt/)*, “subprime delinquency for loans more than 60 days past due reached its highest since 1996 at 5.8 percent.” That number, according to Business Insider, was a jump of 0.6 percent from the year prior and up 2 percent from the same time period in 2014. Perhaps even more telling, according to PYMNTS, the default rate leading up to the 2008 financial crisis was around 5 percent."* Well shit. We already know that subprime loans make up a pretty damn big percentage of all auto loans. And if defaults are on the rise, then obviously the ALABS market is being strained. This article also says that *"* [*Bloomberg*](https://www.bloomberg.com/news/articles/2018-04-06/smaller-u-s-subprime-auto-lenders-are-folding-as-losses-pile-up) *reported in April that two smaller subprime lenders – Summit Financial and Spring Tree Lending — filed for bankruptcy while Pelican Auto Finance shut down completely. Furthermore, the publication notes that rising interest rates will likely make things more challenging for these lenders."* This again is a pretty big red flag. These subprime lenders going under signals a *significant* risk that these subprime loans are dogshit, and their value is finally coming down to Earth. + +**Even Morgan Stanley** is calling out this bullshit. As Walter White once said, *'you can't bullshit a bullshitter'.* [This link reads](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/), *"*[*Morgan Stanley has stated*](http://www.businessinsider.com/wall-street-is-worried-about-car-loans-2017-3/#fitch-deteriorating-credit-performance-will-be-more-acute-in-the-subprime-segment-1)*:  “In fact, since 2010, the share of Subprime Auto ABS \[asset-backed securities\] origination that has come from these deep subprime deals has increased from 5.1% to 32.5%.\[2\]” Subprime loans are those made to people with low credit scores.  While there is no standard definition for “subprime,” it often refers to people with credit scores lower than 640, and “deep subprime” refers to credit scores lower than 500.  The lower the borrower’s credit score, the more likely the borrower is to default on a loan.  Accordingly, subprime loans are inherently riskier than prime loans and deep subprime loans are riskier still."* Again, this highlights how the bottom line of this market is about to go down the shitter. This graph demonstrates even further. + +&#x200B; + +https://preview.redd.it/67tja4bmmb881.jpg?width=987&format=pjpg&auto=webp&s=3441ccd104bd44fb02486819afa0ebf5e5972977 + +It's similar to the graph I showed previously. But this one highlights how these prime and subprime markets have drastically diverged recently. And like I mentioned, banks are starting to notice. As far back as 2016, banks started decreasing their exposure to ALABS, while independent companies have taken up this slack. Hence why like I previously mentioned, it was these smaller players beginning to go under. + +https://preview.redd.it/7vqm75fnmb881.jpg?width=941&format=pjpg&auto=webp&s=5fd56c6d6ce72300a34c9546bf19a9ac3fc0a215 + +As you can see, banks decreased their exposure by 1.6%, with private finance companies increasing their exposure by 1.6%. These graphs are from [this source](https://www.businessinsider.com/wall-street-is-worried-about-car-loans-2017-3#fitch-deteriorating-credit-performance-will-be-more-acute-in-the-subprime-segment-1). + +But there is YET ANOTHER problem. As I'm sure you're aware, cars are essential to American life. And **this has led some people to get desperate enough to get a car to commit fraud.** [This source](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/) states that *"Given the higher risk inherent in subprime loans, one would hope that borrowers are being forthright in their loan applications and that lenders are being thorough in their due diligence.  Unfortunately, it appears that neither may be happening.*  [*Bloomberg reports*](https://www.bloomberg.com/news/articles/2017-05-17/auto-loan-borrowers-may-be-gaming-their-credit-scores-ubs-says) *that “as many as one in five auto-loan borrowers admitted in a survey that their applications for debt contained inaccuracies . . . meaning fraud could be more pervasive than lenders planned for."*  Oh great. So not only do we have to deal with the risks of companies giving out subprime loans to people with horribly low credit scores, but we also have to deal with people lying about their financial situations to get a loan at all, which would expose this industry to even more risk. + +But it's not just borrowers who aren't doing their due diligence. This same source continues, saying *"Unfortunately, as borrowers’ inaccuracies or falsehoods increase, lenders are growing lax in their data verification. It was reported recently that Santander Consumer USA Holdings, Inc. – one of the largest subprime auto finance companies – verified income on a mere 8% of the borrowers whose loans it bundled into $1 billion of bonds.  Santander agreed to pay nearly $26 million in settlements with Massachusetts and Delaware related to allegations that it facilitated unfair, high-rate auto loans for thousands of buyers.  Naturally those loans were packaged into securities sold to investors.  Santander is, however, not alone in its income verification procedures.  Americredit, another large auto-loan company (and a unit of General Motors Financial Company),* [*reportedly verifies*](http://www.crainscleveland.com/article/20170523/NEWS01/170529947/analysis-sloppy-subprime-car-loans-will-deepen-automakers-woes) *only 64% of its prospective borrowers’ incomes."* **So not only do you have one in five auto loan borrowers committing fraud to get a loan. You also have lenders who are straight up not checking the credit scores and incomes of people they're giving loans to.** And why would they? Again, like I mentioned earlier, the profit for dealerships now comes from making people take out as many loans as possible. Holy shit. Hello, 2008 again. + +Here's the bottom line. Via [this source](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/). *"If the underlying loan slow payments and defaults are significant enough, it is possible that investors won’t receive the interest they expected to receive.  The bond values will then decrease on the open market.  Investors trying to unload the under-performing or non-performing bonds may only be able to sell them at a loss, if they’re able to sell them at all.  If the underlying loan performance is bad enough, some of the bonds themselves could go into default, meaning that the principal sums due are never repaid.  Investors face the possibility of losing some or all of the money invested in these supposedly safe bond or bond-like investments. The bottom line is that auto loan ABS investments are not safe, secure, and better paying bonds or bond alternatives. They are subject to major losses and will become increasingly risky as car loan defaults continue to increase."* This quote really just speaks for itself. This is a bubble, and a big one. + +So who's left holding the bag if this goes to shit? Here's what [this source thinks](https://wolfstreet.com/2019/08/13/auto-loan-subprime-delinquencies-at-2009-level-biggest-12-month-surge-since-2010/). *"The most aggressive have been specialized lenders, including small shops backed by private equity firms, and larger lenders such as Santander Consumer USA. But they’re spreading the risks to investors by packaging their loans into subprime auto-loan backed securities, of which the highest-rated tranches have AA or even AAA ratings.  And these securities are everywhere, from bond funds in the US to some pension fund in a Scandinavian city. For investors and lenders, these delinquent loans don’t represent total losses. If the default cannot be cured and the lender decides to repossess the collateral – which is easy to do with modern tracking technologies – the lender obtains a used vehicle for which there is a liquid auction market (unlike housing) with wholesale auctions around the country, and finding a buyer is generally not the problem. The problem is the difference between the price at auction and the outstanding loan amount. The difference plus expenses is the loss that the lender and investors take. This loss might be 50% of loan value."* Yup. So it looks like a whoooole lot of people are about to be exposed to significant losses in their portfolios. Wonderful. + +***Now, it's time for a TL:DR.*** + +***TLDR:*** Auto Loan Asset Backed Securities are similar to Mortgage Backed Securities and Student Loan Asset Backed Securities. When loans are taken out to buy a car, these loans are then packaged into ALABS, which are then sold to investors who reap the interest rates. However, these ALABS are posing increasing risk of devaluation, due to increased numbers of default rates due to the pandemic, the drastic increase in the usage of subprime (shitty) or deep-subprime (most shitty) loans, fraudulent reporting by borrowers, incomplete due diligence on part of lenders, and slow loan payments. This relates to GME, as if these ALABS lose value, they also lose value as collateral. RRP has shown how desperate people are for collateral, so the thesis is that ALABS are being used extensively as collateral. Devalued collateral = banks get scared and raise margin requirements = margin calls = MOON. Not to mention that even if these aren't being used as collateral, tons of investors are exposed to these things, so a recession would ensue which I believe would also cause margin calls. + +Thanks so much for reading you guys! We'll see if there will be any further parts. Originally I planned for my SLABS DD to be one part, yet I'm already on Part 5. As always, I will write more parts if more new information comes to light via comments or DMs. So please, put me onto some more leads! + +One final thing. I am not a financial advisor. Please do not ask me how to make money off this situation. My personal investment strategy has been all GME, and this information does not change that. as always, I believe GME to be the best hedge against a market crash. Thanks again, and make sure to check out Part 2. +Stats: + +Mid 30s w/ wife and 2 kids + +Own a home in HCOL area in the US + +Wife works and makes ~250k-350k (maybe more if equity does well) + +My income ~500k-600k + +~3.5m net worth + +We could potentially live off wife's income (she loves her job), but I'm still working to pad the bank account. + +I've been at my job for around 6 years now. I came from a very different background, switched career paths in my late 20s and consideryself very lucky, at least from a financial standpoint. My life is everything I could have asked for from a family/friends perspective, but career satisfaction wise, I'm pretty bored / checked out. The people are all great and I do an OK enough job (recieve positive reviews) but I'm just finding it harder and harder to stay motivated and feel like I'm just waiting to have earned enough to quit. I probably would have left a while ago had the pay not been so good, but I'm really starting to feel hollow doing something everyday that I really don't care about. I also feel like a chump for bumming on it since it's such a privileged position to be in. + +My wife and I don't care much about super expensive things but like living where we do which has a certain base cost of living. Our biggest expense right now is preschool / daycare for our two young kids, which should hopefully switch to free public school once they are old enough. + +Question: is it totally foolish to leave my job given that I don't have a plan for the next thing, and could very well drop to a fraction of what I make now if I end up switching industries / starting new? Or should I just suck it up and stop thinking the grass is always greener on the other side. I know it's a super open ended question, but would love to hear any advice folks have. Thanks! +Let’s say you earn a bunch of money right before or during a stock market crash. Market hits bottom in the next 12 months. What’s the best place to park that money while the market recovers? + +I suppose I would like to hear about two options: + +Best place for ROI during years of recovery + +Best place for safety against possible continued decline. + +Edit: Wow did not expect such a turnout! Thank you all for your responses +Hi guys this is my first post here! + +I'm no financial expert, but it seems like if you agree to a credit card company's interest rate, and run a balance at that interest rate, that balance should be locked in at the initial interest rate. + +Now if you make a late payment and they raise your rate (like straight from 14% to 29.99% in my case), then first and foremost they should have to notify you of the increase. Second, all purchases made after that rate increase date should be applicable at the 29.99%, but everything before the rate increase date should still accrue balance at the initial interest. + +My reasoning here is that every purchase is like a mini-contract or agreement with the company to pay back the cost of the item plus interest. So why should they get to decide down the road that you have to pay over twice as much interest? That wasn't the agreement. + +And the "cardholder's agreement" is so purposefully daunting that I don't think it holds much sway in this argument. If in the fine print of a software user agreement it said that the software could corrupt your files as it saw fit I think a judge might throw out the agreement. + + +/end rant + +edited: formatting +One argument against the New Deal was that the programs initiated helped prolong the depression and kept the unemployment rate up. It seems quite absurd from my current understanding of it, could someone explain this? +Also, the new deal added quite a significant bit to the debt, was it worth it? Thanks for your replies! +Long story short, some Brazilians wanted to send a bitcoin transaction in radio wave format, since it was impossible to send it on a straight line with the equipment they had, they bounced it to the moon, which in return reflected the signal to the second group in another city at 600 km distance, they captured the radio signal, converted it back to binary, and confirmed the transaction. Literally to the moon! + +The link to the news in portuguese. + +[Brasileiros enviam Bitcoin à lua na frente de Elon Musk | Livecoins](https://livecoins.com.br/brasileiros-enviam-bitcoin-a-lua-na-frente-de-elon-musk/) +So far **S&P Global** hasn't offered any explanation on the rejection but is expected to do in the coming weeks. They will probably blame the **“Regulatory Credits”** but IMO the real reason has to do with the behavior of some hedge funds and retail investors that bought Tesla shares with the intend to dump them at a higher price on the S&P 500 ETFs. +Here in Germany there was recently a scandal involving the German DAX index that added a higly speculative and hyped company called Wirecard, once added to the index the company started a steep decline and eventually went bankrupt causing harm to not only Wirecard investors but also DAX ETFs. **S&P Global** has a reputation to maintain, so my guess is that for them the risk of adding a highly speculative company largely outweighs the benefits. +$StopElon started off like most potential moonshots, with a vision and a out of reach plan. We are becoming so much more however. People from all around the globe are sticking up against the effects of manipulation from Elon Musk and his lies and deceit he used to post a $100m profit on Q1 for Tesla. Billions and billions of USD was lost from investors around the world just so he can barely scrape by with his nonprofitable company. + +If you live in the Bay Area, do not miss out! StopElon team has acquired a Tesla and wrapped it in our new branding. It looks incredible. They will be driving it around Saturday, and the community is hosting a event on Sunday, June 6th 12pm at Tesla factories in Fremont, California. Our new merch will be revealed, as people that attend get free shirts, masks, water and more! + +Tesla workers deserve a union and fair wages. Elon doesn’t care however, and profits millions off their lack of rights while he also profits off of average investors by manipulating crypto. No one person should have this much power, money, and benefit off of the financial losses and sufferings of the common man, in the way Elon Musk does. + +What no one envisioned however, was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with the rich and powerful not only profiting off of market manipulation, but also; Lack of workers rights, Anti-Union policies, and especially the non stop taking advantage of poorer counties. These people have left the everyday person in their rear view mirror, while they get richer and richer. + +$StopElon is available on Telegram in (18) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. Our community is very active and we have daily voice AMAs with the chat. + +Updates: + +The team did it. We are officially signed on a contract to be listed on a significant exchange. The devs said we skipped over minor exchanges, our tokenomics will be supported in the form of airdrops, and we with trade under STEL/USDT and STEL/ETH. This is big. + +Daily social media giveaways have started. So do not miss out. Something as simple as just a retweet and a follow can give you many chances to win over the next week! + +StopElon has been completely rebranded with new a logo, telegram stickers, and an whole new website. + +News is completely going crazy again. Elon is in heat with SEC. As shown on CNBC, WSJ, CNN, and more. Also, we are back in the headlines! Firstly, Forbes Mexico/Columbia/Central America. Then News Au, Hlb be, Laptopmag, and Nzherald. As always, fascinating how word wide this movement is. + +When it comes to progress on the actual goal, a core team member, Devacor, has made great progress. After talking to a lot of people regarding legal advise, we are looking to create a voting trust. This voting trust can have shares added to it, and many members have already pledged to add the first shares. Meaning, that we are making our first steps towards Tesla’s HQ. + +We have continued to gain holders, now at 21,950+ and total transactions have now surpassed 62,000 + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet $21M+ Marketcap 21,950+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON_BSC) / Twitter + +📱English Telegram (@StopElon_BSC) + +🌐 Website: www.StopElon.space + +📈Chart: https://charts.bogged.finance/?token=0xD83cec69ED9d8044597A793445C86a5e763b0E3D + +🥞 Buy (v2, slippage 12%, 0,1% max) : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d +https://www.cnbc.com/2018/10/07/china-cuts-some-banks-reserve-requirements-to-spur-growth.html + +Looks like China is loosening up to make their economy more attractive. This may take some other Asian currencies with them. Will the US feel the need to respond sooner rather than later and what are the implications for stocks, bonds, etc..? (... and maybe the real economy?) +Title says it all. For everyone freaking out about the fed meeting today, just remember this isn’t the first time in Bitcoin’ history that this has happen. The last time was in 2015 and went into 2018. During that time period we saw Bitcoin go from $465 to $20,000. + +What you are seeing right now is purely FUD, don’t buy into it. This won’t crush crypto. If anything, it should be a bullish sign for crypto. The fed is finally admitting that inflation is a serious problem. It is no longer transitory and it has run significantly hotter than the Fed projected. + +Also, the news is already baked in. Unless they do something insane, we already know that they are going to likely decrease bond purchases earlier and possibly hike rates earlier. This Fed is very market friendly, always have been. Their biggest fear is shocking the market which I why I believe they will change policy less than people are forecasting. + +If the instructions are unclear, I’ll spell it out for you. Buy. +As a guy whose working on his journey to become FIRED, I often think about an ideal day for me when I have time and money to do whatever I want (after I drop off my daughter at school) and it motivates me to keep on going when the going gets tough. + +So I was curious what other people did here or dream about that they now do? :) + +An ideal day for me would be: + +1. Wake up pray 🙏 and get daughter ready +2. After she’s gone, look for trade setups +3. Play games and hack them (it’s a lot of fun!) +4. Go go karting or bowling 🎳 (once a week for both) :) or super car experience day. +4b. Visit a train heritage center :) I LOVE trains 🚂 +5. Hit the gym and sauna 🧖‍♂️ +6. Check trades throughout the day +7. Have a nap 😴 (why not 😂) +8. Pick up daughter and resume being a dad +9. Make dinner and play with her. +10. Spend time with wife +11. Pray and sleep 🛌 + +Edit: thanks everyone for the comments. Keep them Coming :) it’s inspiring to read them all. +They are censoring us. They are bullying us. They are using all their sophisticated tools to hack the market. + +They make us think that the game is very difficult, tedious, and tiresome. + +They make us think that we are alone and crazy. + +They make us think that we don't stand a chance against their vast armies of unholy PhDs and connections to powerful people who can move goalposts around. + +# BUT YOU KNOW WHAT? + +Their arrogance got the better of them this time around. They left traces of their corruption and tactics for all of us to see. They *stupidly* set their level of difficulty to 'impossible mode' thinking they will always win. + +Now, to survive, they need to do a thousand things every. Single. Fucking. Day. They have been bleeding massively through a thousand paper cuts every day for almost 2 years (likely more). + +They know if they don't get retail to sell, then, "scorched earth, baby". + +But remember, it is okay if this subreddit goes down: We know all their dirty tricks through the amazing DDs. + +# LISTEN UP. + +# THE GAME IS SO FUCKINGLY STUPIDLY SIMPLE TO WIN IF YOU IGNORE THE DRAMAS AND DISTRACTIONS. + +***BUY*** **through Computershare.** + +***BOOK*** **your shares (extra precaution).** + +***HODL*** **for the long haul.** + +***NO CELL, NO SELL.*** + +&#x200B; + +See you in Uranus, regards. 🫡 +Everything they tell you is about retirement. Every financial guru from Stephen graham to Dave Ramsey tells you to just save and invest, save and invest, save and invest. + +Everybody is like “oooh if you had just not bought that avocado toast or buy that sandwich and invested it, in 30 years, you’ll be a millionaire. + +Or these FIRE people eating rice and beans till their 40ish and then retire. + +It’s getting a bit draining for me personally. I do constantly save and invest. I have a decent amount in my ROTH IRA and 401k. But it just dawned on me that every one of these people all just aim for retirement. Life expectancy in the US as of 2019 is 78 years old. Average retirement age is 62. Let’s say in 30 years, we increase it to 85. + +It just baffles me that we start working and saving from like 22(when you graduate from college) to 62, which is 40 years for you to only enjoy 16 years. MAYBE 23. + +And even then, these so called “millionaires” aren’t living lavishly. It’s not like you’ve spent decades saving and investing and now you’re eating caviar and driving Lamborghinis. Most of these people live on like a $70k life style at most. + +And with inflation, a millionaire in 30 years is nothing. 1 million in 2052 based on 3% average annual inflation is equal to today’s $412k. 412k/16 years is only 25k a year. Imagine saving your whole life and then living a 25k a year lifestyle. + +Just makes me wonder if it’s worth it. You spend MAJORITY of your life not enjoying anything because “you shouldn’t buy a nice car because you should invest that since 50k car invested is $872k in 30 years based on 10% growth”… you retire at 62, say you live till 78 that’s only 16 years of life left and that’s assuming you won’t have any illness like cancer or surgeries or any diseases. +Another "Ether is not designed to be a store of value" tweet made the rounds recently: + +https://twitter.com/real_vijay/status/1038646626837917697 + +These kinds of posts always appeared in the past when bitcoin's price plummeted, and now we see the same treatment of ether when its price crashes. + +The argument is that currencies with a lot of "reservation demand", or the demand to hold them, are at the opposite polar end of currencies with a lot of "transaction demand", or the demand to spend them. The theory goes that currencies that are poor at storing value are used for transactions, because people want to get rid of them like they would a hot potato. + +Gold and the Venezuelan Bolívare are examples given of currencies at opposite ends of the store of value <-> transaction continuum. + +What's missing in this valuation model is the positive feedback loop between utility as a transactional currency, and utility as a store of value currency. + +Transactional utility creates demand to hold a currency for the purposes of having on-hand liquidity. In fact, that's the primary reason to hold a currency. If one is not in need of liquidity, there are much better wealth vehicles like stocks, bonds, real estate and precious metals that one can hold. + +The reason why people hold trillions of dollars, even though dollars are inferior to other asset types at holding value, is that they need liquidity. + +The use of a cryptocurrency in payments is its most reliable long-term source of demand, because it is the one that exhibits the greatest network effects and thus is least likely to be eroded by competition. A cryptocurrency that only gets is value from a widespread belief that it's a good store of value has a fragile value proposition, because public opinion can change overnight. + +Gold is not a good store of value because people believe it is. Gold is a good store of value because it is not only scarce, but inherently unique in its utility, and will remain so regardless of changing public opinion. Its elemental distinction provides a floor on demand for it, that ensures it remains a good long-term store of value. + +So one can't compare a cryptocurrency like BTC to gold. The cryptocurrency that is found in the most wallets for use in payments will be the one that will be in greatest demand as a store of value. +https://www.businessinsider.com/microsoft-reportedly-bans-employees-from-using-slack-2019-6 + +Microsoft does not allow its employees to use Slack, GeekWire's Nat Levy and Todd Bishop reported, citing an internal document. + +While Microsoft has a rival workplace chat app, Microsoft Teams, the tech company reportedly cites security risks as the reason for its internal Slack ban. + +Slack named Microsoft as its primary competitor in a regulatory filing sent to the Securities and Exchange Commission in April, and Microsoft listed Slack among its competitors in its most recent annual report. +Hello everyone! Like some people, I struggle to get my head around NHS scheme. I started working in London around 2017 but has worked for private healthcare. I recently moved from private to NHS (last month to be exact) and now learned about the tier scheme. I am currently paying £6500 (12.5%) per year. I am shocked that it costs me a deduction of about £530 per month. I’m 31 years old and unsure yet whether I would retire here. However, given the circumstances if I do retire here.. is it worth it now? + +If the pension age is 68, that means a 37 year contribution. Is there any advantage or disadvantage to that? Thank you! +I currently live with my boyfriend, we both have fulltime employment, are planning to have kids and we're not married. Are there some downsides or upsides financially we should be mindful of when deciding to get married? - England +(Note: amounts are all after taxes) I make roughly $1700 from my job a month and another $600-800 a month from a side job. I currently live with my parents at 22 and I have little to no expenses when it comes to bills. I’m just considering the option of dropping out of college for now and working to get my life in a routine at least. I know that sounds basic but I’ve pretty much been going nowhere with my life the past 4 years in school, mostly because of my own fault. I just landed a entry level job in IT paying $13/hr and I really enjoy working compared to school. I am a sophmore in college but I really want to take a year or two off from school for the sake of my sanity. I’ve wasted enough money in failed classes over the past 3 years and I feel like I should come back to school later since I have a lot of trouble attending classes and other mental health issues. Ideally, I would stay living at home and save as much as possible while I don’t have bills and also I’m expecting a decent pay raise if I don’t attend school this fall because they really want me to become a year round employee. I could start working full time instead of just this summer where I go to school in Sept. and work part time. I’m a pretty big fuck up in life and my parents have pretty much asked for nothing in return so any advice about saving, getting life on track, etc., is welcome. +Hi, first time posting in this subreddit and wasn’t sure if this was better here or in housing, since it’s both I guess! Please let me know if this isn’t the best place. + +So, we’re in the process of buying a house. Our adviser found us a good rate we all agreed on, however when applying for the mortgage he’s gone through the payslips and identified that my employer, since October 2020, has been using the furlough scheme to pay me. I should add that I’d not noticed til now either - my pay has always been the same every month and I guess I’d just not had reason to look closely at my payslips. + +Background: I was furloughed full time March 2020. I went back to work, full time 40 hours, July 2020. My payslips between July and October show my company was paying me normally. For whatever reason, from October until now, my employer has used the furlough scheme. My payslips every month since October show that at least half of my pay comes from the scheme (it clearly says “furlough”), the other half from my employer. I have had no furlough leave since July 2020. I have queried this with my employer but they’re adamant it’s a valid use of the scheme and they’re doing nothing wrong. My adviser said, off the record, this is fraud - even moreso that my employer is very clearly aware of it and not backing down. I have worked 40 hours every week since July. I have had no furlough leave at all since the last week of June 2020. + +My adviser has made a mortgage application regardless and said maybe we’ll be accepted as one or two are accepting furlough payments. My concern is that I know I’m being paid effectively by fraudulent means, and I’m worried what repercussions this could have long term. My adviser said I’m not doing anything wrong, so wait and see if we get the mortgage and we’ll cross that bridge when we get to it. I’m waiting but in the meantime I’m worrying- I would welcome any advice or thoughts at all. + +ETA: I forgot to say, I called acas too when I first found out last week, they said they don’t generally advise on furlough but they advised 1) speak to my employer in case it’s an error 2) if not, report them to HMRC. I did step 1 as above, I’ve not done step 2 yet. +Lots of smart people around here, it would be nice to get a varying perspective of what people think is ahead. Obviously nobody can tell the future, but what are the signs you see of bad or good to come? +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +If this keeps up my wife's boyfriend might let me sleep inside again? + +Did something happen with delisting fears or China distancing themselves from Russia? +I didn’t know what flare to use. + +Did anyone else have their money ready to buy airtasker shares today?! I don’t have any sort of official DD - however from personal experience - during the start and throughout COVID this app has helped so many of my friends and family that lost jobs, to make money. My mum is a cleaner and now has a customer base big enough to be busy daily - she’s completely booked out. All thanks to airtasker. And obviously her cleaning skills. + +My best friend made money by doing dump runs which in turn put food on her table. There was a LOT of house cleaning during Covid and people wanting to throw out trash so this was quite lucrative for her. + +They have a rating system for both the customer and the supplier which I think is great! (Also why I love Uber). I used to own a store and always wished there was a black list for really shitty customers - and I’m not the only person that has been in retail that thought this way. + +I’ve read briefly that Airtasker job requests are evolving from daily household tasks to actual work requests that could give contractors a really good go at gaining yearly financial income. To me this is exciting. I think job interviews are stupid and working in an office environment is outdated - so with the star rating on specific jobs taking over the interview process - everyone will actually have to put their money where their mouths are and do a good job. No more fake it til you make it type stuff. + +I’ve been waiting all month for this! Just wondering if anyone else was too? + +I definitely think this will be a 🚀 +My spider sensors are tingling + +[airtasker IPO](https://www.smh.com.au/business/small-business/asx-blames-human-error-for-airtasker-listing-botch-20210321-p57cmp.html) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Trading ain't easy...I normally choose to either furiously masturbate when there's some downtime, or get some fresh air outside thanks to my 1 hour government allocated outdoor time. + +Also **🚀** **🚀** **🚀** for you short attention span having autists +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +ok, before I get into this I’ll say I’m pretty new to trading, and that I know I’m basically asking ‘will stocks go up or down’ and ‘nobody knows’ is the only true answer. + +I also know that most of you are just chasing moon rockets and don’t care about the bigger picture but at least a few of us have boring long term holds and might like to participate in a discussion. + +so: is this just a wobble, or are the markets coming back down to earth? are we finally experiencing the second, gradual falloff that economists have been predicting? I’ve been staring at a few charts this afternoon (closest I get to DD) and they look like shit. my portfolio also looks like shit of course, but especially my “safe” plays. since March I have cheated on asx_bets and taken the ausfinance approach of value averaging spare cash into VDHG. that holding is now barely in the green and I may just be projecting here but it does seem like a lot of the pessimism in the news is finally affecting things. + +I also noticed a lot of posts had been chanting ‘tech is the future’ as if that means anything, basically saying it’s unstoppable and telling new traders to get into FANG, but people who took that advice have seen it go sideways and they literally would have been better off buying stock in dominos. + +in the news lately was the revelation that the tech boom has been in part due to rampant speculation from some massive companies like softbank, who liquidated millions in assets to take up leveraged stakes in these tech stocks. now, understandably, on learning this, softbank shareholders shit themselves and exited their positions because the money they thought was safely invested is actually teetering in a veritable house of cards. + +I guess my question boils down to, if we’re at the mercy of market manipulation on a big scale and even “safe” positions are not really safe, what is the difference between speculating and real investing? if the answer is not much, am I better off just chasing rockets and holding cash? is this another dotcom bubble or is it just part of investing? + +sorry for the rant, just posting some thoughts on a quiet rainy Saturday. any input welcome. cheers. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I recently watched a YouTube [video](https://youtu.be/IblkLFkayhw) online that featured the president of the Jordan Belford Company, Arvid Ali discussing Cathie Wood and her investing strategies for the ARK ETF’s over the last several years. + +The basic gist was that Cathie is making the same trades as someone who was just getting into the stock market and was choosing the most well known companies that have been on a good run as of late. An example being Tesla. Ali claims that you could potentially see a greater return by investing in the companies that make up the different ARK ETF’s in your own portfolio and you wouldn’t have to pay the % fees that the ETF charges. + +I was wondering if you all could discuss and provide feedback about the advantages and disadvantages of both perspectives? I am currently invested in ARK ETF’s and hold positions in individual companies but this video has made me reconsider how I feel about investing in ETF’s. + +I am beginning to wonder if I would see greater returns in liquidating my ETF positions and investing in individual companies stocks? + +TLDR: What are the advantages and disadvantages of the ARK ETF’s over just holding positions in individual companies you believe in? + +EDIT: Thank you all for your responses and discussions. It was all very helpful! P.S. Thanks for silver kind stranger. +Good morning r/Superstonk! Thank you u/rensole for the Inflation call out in the [Daily Stonk](https://www.reddit.com/r/Superstonk/comments/ok0js4/the_daily_stonk_07142021/) and helping to get eyeballs on this insidious beast! I want to follow up on [yesterday’s June CPI report](https://www.reddit.com/r/Superstonk/comments/ojem8k/inflation_alert_in_june_consumer_price_index_for/) with a dive on 2 reasons why the reported CPI is higher than actually reported. + +However, I want to begin by revisiting why this is **BAD**, even if it is ‘transitory’: + +# The Dollar losing purchasing power + Inflation = Permanent Loss of purchasing power + +https://preview.redd.it/dshue6ize6b71.png?width=756&format=png&auto=webp&s=ee39b9d3493f821c3bd574300ce5b7816625f263 + +[-4.66&#37; loss in buying power over the last year already, the last 3 months, annualized, would be -6.41&#37;.](https://preview.redd.it/z5kt36wze6b71.png?width=1459&format=png&auto=webp&s=0447e86caeed2dad602554cf43efdfab6736314a) + +|Month|**Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average**| +|:-|:-| +|June 2021|36.8| +|May 2021|37.1| +|April 2021|37.4| +|March 2021|37.8| +|February 2021|38| +|January 2021|38.2| +|December 2020|38.4| +|November 2020|38.4| +|October 2020|38.4| +|September 2020|38.4| +|August 2020|38.5| +|July 2020|38.6| + +# Even if inflation is ‘transitory’ only deflation can restore this buying power (which is pretty rare), but you can see a period of it in the chart in 2008 when it jumps back up, before diving down again. + +# Ok, onto two of the reasons why the CPI is really higher than listed: ‘[owners’ equivalent rent of residences](https://www.bloomberg.com/opinion/articles/2021-05-13/april-cpi-housing-may-be-inflation-s-hidden-danger)’ and ‘[hedonic quality adjustments](https://www.epsilontheory.com/im-trying-to-understand-hedonic-adjustments/). + +I highly recommend reading each of the linked articles before we dive into each section, as I am sure they are going to explain this way better than I fear I am about to butcher! The owners’ equivalent reporting is linked to April’s report, but the concepts hold true for us here in June. + +# [Owners’ equivalent rent of residences](https://www.bloomberg.com/opinion/articles/2021-05-13/april-cpi-housing-may-be-inflation-s-hidden-danger) + +Housing costs (rent and homeowners) are included in the CPI as services and account for about one-third of the overall CPI. + +[This is big, but it barely moves despite the surging housing and rent costs we have been covering! ](https://preview.redd.it/aijldwncg6b71.png?width=957&format=png&auto=webp&s=37700d0dfca41b6eba3b0cb4ba226711916565b5) + +[example 1](https://preview.redd.it/5mwxonbeg6b71.png?width=898&format=png&auto=webp&s=ce7dd0c6df0bbff2678aaf81f7b3b9a8027dfc27) + +[example 2](https://preview.redd.it/rcbw5fpeg6b71.png?width=906&format=png&auto=webp&s=7b704139d0f8cb8efa415bbb48b0d1f5a2673028) + +[example 3](https://preview.redd.it/nk7i8p6fg6b71.png?width=878&format=png&auto=webp&s=6a456a9a3b83688ea49b40c433bf965a2bb35175) + +From the article on owners’ equivalent, the Case-Shiller Home Price Index, which measures the price changes over time for *the same house* and is, therefore, an appropriate measure of house price inflation is also BLOWING UP: + +[example 4](https://preview.redd.it/a1ox3osgg6b71.png?width=1462&format=png&auto=webp&s=85aff83a3d5d9cd796946577be3c0dbcec490b02) + +# So Jellyfish, how the hell is this out-of-control price inflation getting missed in the CPI report?!?!!? + +Simple, **they just don’t track it**. It is survey-based, and follows what homeowners *think* their home *might rent* for, hence the name, “owners’ equivalent rent of residences.” + +Thus, this is the first way, through gimmicky accounting, that the CPI is able to be kept artificially low. However, there do appear to be cracks in this story forming. For example, hotels (lodging away from home) is a small piece of the pie (.9% of CPI), but it isn’t impacted by the homeownership and rent fuckery from above. **Prices jumped by 7.9% in June, and are up 16.9% year over year.** + +I grant that prices may be catching up to where they used to be, but this appears to be a lot like rents across the country: urban area hotels that are just now coming back online as places open back up but hotels that cater to people who have wanted to get away, especially areas around national parks for example), have been booked solid, and prices have jumped. + +On to the second piece of trickery: + +# [hedonic quality adjustments](https://www.epsilontheory.com/im-trying-to-understand-hedonic-adjustments/) + +https://preview.redd.it/zng60zzug6b71.png?width=1463&format=png&auto=webp&s=027006319691b5eceb8b8b44e640de8f5f55bffe + +The CPI would have you believe from the chart above that used car prices dropped before this recent bout of craziness we are seeing. This is ridiculous, prices have obviously gone up! + +However, because the Bureau of Labor Statistics (BLS) uses “hedonic quality adjustments” to account for improvements in vehicles over the years (for example, from a six-speed manual transmission to a 10-speed electronically controlled transmission). *The price increases estimated to be associated with “quality improvements” are removed from the CPI for new and used vehicles.* + +The CPI is supposed to measure price changes of the **same item** over time. However, when the item is improved then it’s no longer the same item, and the price increase is not inflation because it reflects a new (and theoretically) better product. + +In reality, these tricks are causing purposeful, and very bipartisan understatement of inflation as measured by CPI—same as with the housing data. How can one not conclude that the idea is to keep the general public in the dark?!? + +# What does it all mean? + +A couple of things: The CPI number released yesterday is a joke because it heavily understated housing and other gimmicky tricks. However, other categories are showing sustained prices increases. Yes, spike-like used cars cannot last (I don’t think?) and appears to be coming down a bit? + +[But does anyone think we are going to see enough deflation to bring prices back into check? They will come down a little but stay high! ](https://preview.redd.it/h5krpst0h6b71.png?width=2866&format=png&auto=webp&s=a1d64ed7eecdecb5a3b1010393fa15b1c9392b03) + +I think what we are likely to see in the coming months is ups and downs of the monthly inflation rate that will give The Fed and politicians false hopes of declining inflation, followed by increases that obliterate these hopes. + +**What’s worse, as we covered above, we still don’t know the ACTUAL inflation rates because of the fuckery around housing and how the BLS runs wild with overly liberal hedonic quality adjustments.** + +# All of this is happening in the backdrop of the Fed still plowing away with [$120 billion in assets purchases each month](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656): + +https://i.redd.it/xlzocgn8h6b71.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**. + +So ladies and gentlemen of r/Superstonk, **inflation is here, it’s bigly, understated, and going to keep moving up and down in categories on a month-to-month basis**. In my opinion, inflation is the first thing ‘breaking loose’ and going off the rails from all the can-kicking from the last crisis to today. + +Other things of note in the report: + +https://preview.redd.it/2tc1riwek6b71.png?width=856&format=png&auto=webp&s=c1dedf2857eca1baa7a3efe566dcf47783c06bfb + +* The all items index rose 5.4 percent for the 12 months ending June; it has been trending up every month since January when the 12-month change was 1.4 percent. +* The index for all items less food and energy rose 4.5 percent over the last 12-months, **the largest 12-month increase since the period ending November 1991.** The energy index rose 24.5 percent over the last 12-months, and the food index increased 2.4 percent. +* The index for used cars and trucks rose sharply for the third consecutive month, increasing 10.5 percent in June. **This was the largest monthly increase ever reported for the used cars and trucks index, which was first published in January 1953**. +* The food away from home index rose 0.7 percent in June following a 0.6-percent increase in May. The index for full-service meals rose 0.8 percent, **its largest monthly increase since last June.** +* The index for food away from home rose 4.2 percent over the last year, **the largest 12-month increase in that index since the period ending in May 2009**. +* The index for new vehicles rose 2.0 percent in June, that index’s largest 1-month increase since May 1981. + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions or areas to explore, happy to try and help! ](https://i.redd.it/pw13h0cfh6b71.gif) +Hello Fellow Apes, + +After reading how important SR-DTC-2021-005 filing is from the post by u/BigBrainBets, and the followup efforts done in the post by u/kamayatzee , I wanted to follow-up more on the whereabouts of SR-DTC-2021-005. + +[B14970-21.pdf (dtcc.com)](https://www.dtcc.com/-/media/Files/pdf/2021/4/1/B14970-21.pdf) + +I am writing this post to let fellow Apes know that I was able to reach out to the SEC on SR-DTC-2021-005 and the status I received. I would also like to report that the SEC was very timely in their responses. And they also provided me links to SEC/DTC rules and processes and are contained in the emails. + +Thanks again to u/BigBrainBets for his great DD in explaining the issue that DTC-2021-005 will help to resolve. I used his post to articulate a shortened version for my submission. + +[https://www.reddit.com/r/GME/comments/mi8mo9/legal\_interpretation\_of\_the\_proposed\_srdtc2021005/](https://www.reddit.com/r/GME/comments/mi8mo9/legal_interpretation_of_the_proposed_srdtc2021005/) + +Thanks again to u/kamayatzee for his letter reaching out to John Petrofsky and reporting that DTC-2021-005 was removed from the DTCC website for a "TECHNICAL FORMATTING ISSUE WITH THE FILING. IT WILL BE REFILED SHORTLY AND THEN POSTED." + +[https://www.reddit.com/r/Superstonk/comments/mpmcyz/good\_news\_update\_on\_dtc2021005\_according\_to\_john/](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/) + +Below is the chain of communication between myself and the SEC on the whereabouts of SR-DTC-2021-005. + +**The short answer is the filing is still in review status at the SEC.** + +**This post is about the status of SR-DTC-2021-005.** + +**\*** **Removed reference to NSCC-2021-005 by** u/Frinix **so not to confuse the rules.** + +&#x200B; + +&#x200B; + +https://preview.redd.it/ncess4t3j7071.jpg?width=2550&format=pjpg&auto=webp&s=bfce392c5eb0dafbe1f62207b043a473f42da7b1 + +**WE ARE MAKING GREAT PROGRESS APES. LET'S KEEP IT UP.** **🚀🚀🚀** **🚀🚀🚀** +I finally sold all my DAO tokens yesterday and took a 25% hair cut. +I was tired of the discussions around a hard fork. +I'm a hard fork proponent. +Ethereum is my first crypto. When I first got into Ether, I did not realize we had so many people in the community who are so attached to the technical side of things. +I'm all about pragmatism. + +I still support a hard fork, I think it's the right thing to do but I don't want to worry about this anymore. I have many things that will keep me busy and away from Ethereum in the coming weeks. + +Actually, I never thought about dumping Ether before, but after finding out all this resistance to a hard fork, I think I'll go to fiat or BTC for a while. +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! + +2 weeks ago we all stood by anxiously in anticipation of robinhood opening the flood gates on the massive queue of 1.5 million people waiting to buy Eth or Btc... + +In a gravity defying move, the masses locked behind the floodgates are apparently held back by nothing but air or some other invisible force. What is this magic? How can millions of people be anxiously waiting for buy and for the price to just remain flat. + +Which exchange is Robinhood using to process buys? does anybody know? + +WTF!?!??!?! + +He turns 60 soon He currently doesn’t have a pension and I’m really scared. I’m going to have show down talk with him soon and lay it straight. + +He is a cab driver and works his ass off but I don’t know what he does with money. + +Should I recommend a SIPP? Which one? I’m going to sit with him for as long as I need to with laptop and set it up. +AUT (Autorium) is an ERC20 compatible automatic mining Ethereum smart contract built on the Ethereum blockchain. Autorium is the currency used in all of Autoria’s applications, including our merchant and development services. Autoria introduces the concept of automatic mining to the world of cryptocurrency. + +Most ICO tokens are pre-mined and immediately available to dump on the market. This makes them susceptible to market manipulation by large players at the expense of people who really want to invest. Autoria combats this issue by having investors buy a stake that distributes tokens over the course of a year and prevents whale buys of over 100 ETH during the ICO. + +Automatic mining takes the guesswork out of cryptocurrency mining. Mining Wells create liquidity based on their initial distribution and the pace at which Ethereum blocks are created. Mining Wells are immutable and transparently stored in the currency’s smart contract. + +Find out more here: http://autoria.io/about.html +/// +I've definitely seen that my Aur was subtracted from bying position staiyng at 0.0086 Btc/Aur. +Thus my 1.64594196 Aur was sold not for 0.001097Btc/Aur but 0.0086 Btc/Aur. +Thus buyer has been payd for this transaction 0.014154 Btc but not 0.0018 Btc. That gives the difference of 0.012 Btc that is more than 80% of cost of this operation. +You has been written, that your comission is: "Crypto Rush charges a small fee for buying and selling of orders at a rate of 0.18%" +A man who has bouhgt my Aur has been payd 0.014154 Btc for this. +I want to have this money minus your comission 0.18%. +Any other suggestions are a fraud. +Please send the rest of 0.012Btc to my account. And please DO NOT make this situation that costs only 5 Eur so that in all forums will be written that you takes more than 80% commision for exchange operation between Buyers and Sellers. +Trust me - it's not a Business - it's a theft. Hope that You understund me. +I hope for your understanding and further cooperation. +Egor Rozhkov +/// +We don't know: + +- if Bitcoin will hit 20k by the end of the year + +- if Bitcoin is going to crash + +- if Lightning Network will fix the scaling problem + +- if high fees will kill Bitcoin + +- if Bitcoin will become digital gold + +- if Bitcoin will become digital cash + +- if we're in a bubble + +- if Bitcoin is just so different that it's actual value is actually rising exponentially + +There are an awful lot of people positing things like "X will Y if we don't Z!" + +The truth is, we don't know. I just would personally like people to try to bring back a little moderation and thoughtfulness to the comments. + +Yes, all of the points I have mentioned are worth discussing (that's exactly what this sub is for), but to blindly shout your opinion like it is fact helps exactly no-one, whether you are for or against whatever viewpoint. + +When you hit that Reply button, take a moment to think about what you are going to post. Is there context you could give for your viewpoint, is there precedent? How about some data? + +Bitcoin was created by and is being maintained and improved by some crazy-smaht people. If we are to help them (and in turn, ourselves) in the evolution of Bitcoin, we're going to need to do a little thinking and genuinely discussing the matters at hand. + +Otherwise we're just pissing in the wind. + +Edit: A number of you appear to have missed the point of this post entirely. I'm not saying there is or is not a bubble. If you want to discuss that, go and create another thread, and have an intellectually honest conversation about it. Then at the end of that discussion, when you've gained a new perspective (no matter what that perspective may be), remember that you could be wrong either way... we just don't know. +I've developed a pretty easy habit that gives me a satisfying amount of detail about my personal spending. Last year I got a lot of comments asking for more detail on how I do it so I thought I would give an update here. Please send me feedback/recommendations. I'd also just be curious to see how other people do it and gain any form of mentorship in general for anyone willing to take me under their wing. + +http://imgur.com/BY9AxSg + +EDIT: Attached a copy of my spreadsheet for those inspired to make their own: + +EDIT 2: Sorry everyone. the post was temporarily shut down for revealing too much personally identifiable information (probably in my best interest since it got 670 upvotes and 46k views in 10 hours). after i get back from christmas break i'll try to figure out a way to publish a sanitized version of my spreadsheet for you to use. thanks for the positive feedback and happy holidays +https://lieu.house.gov/media-center/press-releases/reps-lieu-and-rice-call-investigation-suspicious-futures-trading-around + +I know we all joke about it here, but it seems like something may actually be up. Seems to be focusing on "e-mini futures contracts". + +The meat: + +> On October 16, Vanity Fair reported on numerous instances in which individuals or groups of individuals made millions, and in some cases billions, of dollars in profits by trading large numbers of Standard & Poor’s 500 (S&P) e-mini futures contracts immediately prior to major geopolitical events. In each of these instances, the e-mini contracts were traded within days, and often within hours, of the S&P rising or falling sharply. The trades preceded such events as the Saudi Aramco attack as well as announcements related to progress in talks between the United States and China over the trade war and the withdrawal of the extradition bill in Hong Kong. In one case occurring in August, the trader or traders made $1.5 billion when the S&P rose after President Trump lied about phone calls taking place between United States and Chinese officials. + +Thoughts? +[This is what happened when I drove my Mercedes to pick up food stamps](http://www.washingtonpost.com/posteverything/wp/2014/07/08/this-is-what-happened-when-i-drove-my-mercedes-to-pick-up-food-stamps/?tid=trending_strip_1) + +A cautionary tale of personal finance gone wrong. House poor, unexpected pregnancy with twins, layoffs, underemployment and eventually getting government assistance to get back on their feet. + +**update**: This thread went bonkers. I'm new to Reddit, though I've lurked /pf for a while. Saw some of the amazing bits of Reddit, saw some of the terrible bits. Thanks to all who shared their personal experiences dealing with the US public assistance programs in their different forms. + +The next time someone asks /pf if they can buy this house tomorrow because they have a baby on the way, and by the way they need to finance a $30k minivan but it should be ok because they're middle class? Point them to this article. + +PS: Some people seem confused, I am not the author of this article. /pf is set up to post to self.personalfinance by default. Wish I could have racked up this link karma though. :/ +I mean just being real. At first I couldn't have been happier with Ethereum. That was nearly 5 months ago though. I have checked every day since my initial investment. I would say the majority of days (90%) I check and ethereum is either up slightly (like $1) or just recently had a somewhat-significant drop ($10). Bitcoin is up, every, single, day. Had I invested my money in bitcoin at the time I purchased Ethereum, it would have more than doubled by now. Just my thoughts, interested to hear what others think about this. +Last year I started taking poker very seriously and studied the game with some very good players. This year I've been crushing mid-high stakes poker cash games. I've come to understand applications of risk of ruin, bankroll management, +ev bets etc. I understand that a lot of traditional investing advice involves diversification and mostly low risk/steady return. I understand that fundamentals like that are important, but I'm young, have a lot of (advantage/+ev) gambling experience already, and have vastly improved my ability to remain stoic and emotionless in the face of mistakes made and unfortunate variance. I would much rather take bigger risks now that lead to bigger returns earlier on in life than funnel my money into low risk/steady return funds that will guarantee stability but will never make me rich. + +I've been doing quite a bit of reading about bitcoin and other cryptocurrencies over the last couple of weeks. It seems that while there are mixed opinions, speculators generally have positive expectations for BTC and ETH and we can already see that BTC has risen quite a bit in price since release even with extreme volatility in the past. Everything I've read about the 2 currencies mentioned has me thinking that sticking a significant portion of my net worth into either or both is a no brainer. I already have 5 figures in BTC, which leads to my first question: are there any educated/unbiased opinions here on BTC? Are any of you guys continuing to bet on it? + +I literally just discovered this sub and I'm guessing that given the name it has more to do with day trading/swing trading ETH. Even if thats the case, can someone offer me advice about whether right now is a good time for ETH or not? As I stated, I'm young, willing to gamble, and have a good amount of capital (for my age) now. Would it be worth it for me to stick anywhere from 5-25% of my money into ETH and hold for a long time? + +Also, if I do decide to buy is coinbase the way to go? + +I appreciate any and all advice, thanks guys. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +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! +Getting coffee in the morning helps kick my brain into gear. Talking to other people helps so much. I've been working from home and need something to transition my brain from getting out of bed to working. A change of scenery and something to calm the dogs down with. Coffee filled that need. But I'm spending way too much money on it. + +I need some recommendations on what I can do instead of going out and buying coffee. Walking the dogs is too much of a hassle for 15min. Literally takes about 5min to get them ready. I've thought about going on a walk, but it's not always doable due to weather or other circumstance. Heck I've even considered just driving to a nearby park and sitting in the car for 10min. Any ideas of what to try? + +Additionally my wife and I have created a new habit of getting coffee when she gets home from work. Again it's a way to get out of the house and put an official plug on the day. What could we do instead? + +Thanks in advance. + +Edit: $400 is including trips with wife noted in the second half of the post. Individually the coffee is about $5-6, which I still consider expensive. +Observe the interesting pattern + +the cc subreddit: + +https://preview.redd.it/hzhtrdnc8gd81.png?width=889&format=png&auto=webp&s=43e44b80b3dd78da8543e932802c1b8d61b27797 + +&#x200B; + +https://preview.redd.it/2zgd96ff8gd81.png?width=920&format=png&auto=webp&s=5e9f9b8123d90ea59037abdb182a08f1b1042ef4 + +the ethtrader subreddit: + +&#x200B; + +https://preview.redd.it/dmpqys489gd81.png?width=881&format=png&auto=webp&s=0d9b7b55a97b3098a51fb171716e98013969ba00 + +&#x200B; + +https://preview.redd.it/25ogv1299gd81.png?width=892&format=png&auto=webp&s=edd04c61bfad49ef91ccf77f4b0a9ef553b0e8f8 + +cardano subreddit: + +https://preview.redd.it/cluerduj9gd81.png?width=888&format=png&auto=webp&s=fdc34a92355b13b5df9e4004086df36fcbac5603 + +&#x200B; + +https://preview.redd.it/d7g9aybm9gd81.png?width=897&format=png&auto=webp&s=60b4857f05b4ca053926d1ca0c840ac299f474b2 + +the stats are via subredditstats and it shows that there is a constant decline in activity around crypto. When we combine this fact combined with the upcoming rate hikes, an upcoming russian invasion in ukraine and beyond and omicron and other variants of covid causing even more mischief and forcing additional lockdowns troughout 2022, I believe that there is a possibility of a crypto winter🤔. +A tale about my husband (25) and I (23). We have so far taken a slightly less traveled path. I forewent college and worked for 3 years as a waitress. My husband went to a 4 year school and then got a professional job. When we were engaged I was 21 and had a net worth of $50,000 that I somehow saved very quickly by living with my parents. At that same time my husband had no money, being freshly out of college, and had $28,000 of student debt. When I was 22 my brother died, we moved 1.5 hours away for my husband’s new job, and our wedding was 3 months away. I quit my waitressing job last June and have been a SAHW since. We love the life we are living now. I can take care of my husband, make his life easier with his demanding job, and focus on my own goals and hobbies. Our current net worth is $97,000 ($112,000 - $15,000 in student debt). My husband makes about $50,000 a year with large projected future earnings. We live frugally but we never deprive ourselves. We are in the process of closing on a $90,000 home, for which we have a 20% down payment and a 15 year loan. I have maxed my roth ira for 5 years now and my husband’s for 3 years. We have one car. + +It is unusual to be a SAHW at age 23. We don’t intend to have children for many many reasons. Most people, even close friends and family, are confused by our decision and they can’t imagine how we can afford it. Little do they know how comfortably we are affording it and still saving. We have set our priorities and we don’t spend on things that aren’t going to bring us joy. Many folks say that they would be “bored to death with no job” and I couldn’t feel more opposite. I’m a very busy body person and I’ve never felt bored! If you are bored with no job then you are essentially bored with life. There’s a million things to do with this wonderful life besides work! + +We live very different lives from our friends. We don’t enjoy partying. We are the only folks we are friends with from high school (we went to high school together) and from my husband’s college days that live in a rural (and very inexpensive) area. Most young people we know are moving across the country to a big city after college or at least a semi-metropolitan area in our state. It’s extremely normal. We love our small town living (20,000 people). + +It feels odd to take such a seemingly unblazed path as our peers but we are excitedly looking forward to our future and loving our present. + +FIRE can be an isolating journey. We are getting excited about very different aspects of life from our friends but we haven’t failed to connect with them and really enjoy our visits. + +For us, our financial journey has been a lot about focusing on what is really important to us and then striving. We don’t feel we are missing out on the fun of being in our 20’s; we simply seek enjoyment from so many ways that are cheap or free. We love the outdoors and you know what? We like being in our apartment together doing any number of activities together. + +We are on an awesome path! +My wife and I are purchasing our first home! We’ve rented and saved for the last few years and we just had our offer accepted on a house we love. Our home inspection is today and closing would be about a month away. + +Now that we’re actually buying, it’s a little frightening to think of all the expenses that come with it! It was easy when renting to just call the landlord because something wasn’t working. + +What personal finance/budgeting advice do you have for new homeowners - specifically after purchasing the house (not really about the buying process)? + +What should I plan for and expect? +"To rent or to buy, that is the question: +Whether 'tis Nobler in the mind to suffer +The Slings and Arrows of outrageous financial independence, +Or to take arms against a sea of risky home ownership..." + +The question of rent vs buy comes up in the arena of FI so often, that I thought it could be helpful to bring together a few links. Making good decisions regarding housing can great accelerate Financial Indepedence; and a bad decision can be hard to overcome. I have a couple of my favorite links below, but I bet there are more out there. If you know of any high quality resources, please list them in the comments. + +[Why Your House is a Terrible Investment](http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/) + +JL Collins' post on home ownership was my first foray into questioning commonly held beliefs on personal finance and real estate. He lists a lot of reasons why buying a house is really a bad investment. This is a classic. + +[Renting vs. Buying: The True Cost of Home Ownership](http://www.caniretireyet.com/renting-vs-buying-true-cost-home-ownership/) +Darrow Kirkpatrick is an excellent writer and his blog has been very useful to me. He lived in his Tennessee home for over a decade, retired, sold his home, then moved to a rental. He kept meticulous records and is able to break down his true cost. + +[Home Ownership: A Retrospective and Beyond](http://livingafi.com/2015/12/18/home-ownership-a-retrospective-and-beyond/) + +Dr. Doom is a favorite around these parts, and for good reason. He is a joy to read; if you haven't seen this blog you need to. After he retired, him and his wife sold their home. He details the process very well. He states that for him, home ownership was definitely worth it. And then he moves to a rental, but qualifying for a rental without a job, even if you have a big pile of money invested, requires a few more steps. + +[Renting is Throwing Money Away, Right?](http://affordanything.com/2015/11/24/is-renting-better-than-buying-should-i-rent-or-buy/) + +Paula Pant writes a very detailed post on the topic. She lists several oft touted arguments for home ownership, then lists reasons why those arguments aren't always true. The portion on price-to-rent ratio was my favorite. + +[NYT Rent v Buy Calculator](http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0) +One of the gold standard calculators in determining the costs of renting v buying. + + + + + + +Hi folks, + +I’ve heard the above statement countless times (as I’m sure every investor has, too), and this makes great sense when talking about speculative/ short-term investments. My question is, how applicable is this view to global, well-diversified, long-term hold-type investments? + +In other words, how willing are you to accumulate large sums of money (I.e 6 figures over the long term) with a lower risk-reward preference that is typical of long-term “FIRE” strategies? Does the above mantra apply less to these kinds of investors? And if not, how does one accumulate the necessary level of wealth required to establish financial independence ? + +Keen to hear the thoughts of this sub, cheers ! +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 see so many articles or posts discussing property values but none base this on something we can actually use to compare with other prices. Take for example average house prices in a suburb. They are based on the total price, but as we know, higher density suburbs might have smaller properties which would affect values. Same goes for individual places... Headline reads "house sells for record in suburb" but fails to mention it's 5x the size of any other property in the area. If we all talked in $$$ per square metre, we would have a much better gauge on real prices. +For $75 today, you will hold more BTC than most of the worlds population will ever be able to hold. + +Total BTC / World Pop = 0.00244242 + +19,040,531 bitcoins + +7,795,770,063 people + +Given that a bitcoin currently costs $29,897 there are only enough bitcoins for every person to have $73.02 worth. If bitcoins were distributed using the current global distribution of wealth, 99.9% of people would have $13.89 worth of bitcoins, and people in the top .001% would have 0.73 bitcoins each. + +So during the dip, an investment of little more that $75 will give you more Bitcoin than most of the worlds population will ever be able to ever have. Not investment advice, but hey! + +—— + +“It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.” + +— Satoshi Nakamoto + +—— + +Source: [http://bitcoinsperperson.com/](http://bitcoinsperperson.com/) + Hi, + +A little background on myself: + +I'm in my mid 30's and a first generation Asian American. My parents immigrated to the US when I was a teenager. I went to a State school in the Midwest and graduated with a degree in Finance working for a typical company making a middle class salary of $50k. + +My parents focused on being frugal and instilled work ethic into the kids early on. About 5 years ago I had the opportunity to relocate to a VVHCOL city in Asia. This move increased my total compensation significantly as perks of an expat package added up. + +As I move up the organization and expanded my social circle, I started to notice my now peers do not care very much for FIRE. On the surface you might write this off as 'keeping up with the Joneses' and not sustainable. They are spending large living in expat friendly neighborhoods, joining private member clubs where initiation fee could be up to $100k USD and sending their children to international schools with tuition that rivals US private universities. But I also realized by doing these things they are actually ‘investing’ in their future earnings. These interactions with the upper class could land them new business deals that lead to promotions or other new connections. In a way, these expenses are a way of investing in one’s future – almost a ‘pay to play’ mentality. The people who are making decisions tend to like to do business with people like themselves. They also seem to get inside knowledge on new job openings/opportunities. + +I’ve been debating internally if I should continue progressing for FIRE by saving the money or ‘pay to play’ myself into this crowd. You can't save your way to greatness, or can you? + Also...is the money you'll make from it consistent, especially with pandemic now? I have money saved up to get a small start...just wondering if now would be the right time. +I am a new RE investor, I've been reading a lot, and I am ready to make the move to invest in my first rental. I've been thinking about BRRRR, but I am a little concerned because of my lack of general knowledge when it comes to what is needed for a rehab, it occurred to me the other day that taking a class to be certified as a home inspector might be a good option. I've seen basic courses for about $600-$700 which I think will be a good investment. I'm not necessarily planning to get certified, it is just for my knowledge. any thought on it? +Looking for a mentor in the San Antonio, TX area. Willing to work on off hours for free in exchange for training and mentor ship. + +Currently saving a nest egg for an investment property. I have a stock portfolio and am looking to start a real estate one. Particularly rental properties. +For all of you that have just got into crypto , you have to understand that there is a chance everything goes to shit like it did once before. BUT the most important thing to remember is if the mainstream hype over crypto dies again and we do get some sort of crypto winter again... DO NOT STOP BEING INTERESTED AND KEEPING UP WITH CRYPTO. The biggest mistake I’ve probably made in my life is completely forgetting about crypto for 3-4 years when everything crashed. If I was DCA’ing in more or less anything in that bear market I would probably have absolutely 0 money issues today. So to all noobs , learn from my regrets. +Thank you for coming to my TED talk +Long story short, a family member passed away and I got some inheritance money. Nothing crazy, but a decent amount. I never really traded before, but I've done some research off and on. I thought "Well, might as well try out stock trading, it's at least a bit better than the casino" When the tech market dropped a few months ago, I decided to invest in it at just about bottom prices. They rose recently, and I cashed out. It was pretty standard, I just bought the dip, it rose pretty nicely and I sold. Obviously, I get that things always don't go that easy. I've got a construction business, so I don't have the time to get into day trading anyways. However, would it be wise to run with the profits as a one-off sort of occurrence, or keep my eyes open for further dips? I'm personally thinking the best option is to keep trading, but with a much lower amount (Say, only screw around with 1-2000 at a time). +After reading all these bitcoin success stories around here, i decided to share my story of failure, in order to protect people from the mistakes i made. +I have no intend to ask for a help, but a bit of moral support will be very helpful. I am very ashamed of my ignorance, it's hard to admit it, but i will try. + +I was into bitcoin for about a 2 years. All that time i was buying btc and hodling, never sold a single satoshi, waiting for times when i could spend it without converting into fiat. +I was lunatik about how cryptocurrency will make a world a better place (and i am still is), this ideology changed my life. +My family and friends, which mostly are people from my christian community, never supported these interests. We were always arguing about gambling component and how our religion is against it. And about bank system, etc. + +I wont brag you how much i had btc, but for me and my family it was a very big money. + +And i did couple major mistakes. Frankly, i think i did EVERYTHING wrong and it ruinded my life. + +* I borrowed money to buy crypto +* I kept other people's crypto in my wallet +* I never thought enough about securing my wallet +* I have lost cold mind and become obsessed + +So, first of all, i was so blinded with bitcoin success, that i was maniacally looking for a money everytime the price was dropping. Especially last half a year, if i had no money, i started borrowing as much, as i could return in 2018, "after some saving". +It was very obviously for me that price will be higher and i will easily return the debt... But that's not a main problem. + +You remember how i was obsessed with crypto? So i began to attract all relatives, friends and coworkers in cryptocurrency investing. Well, my boss was interested, but not as much to deal with "registration and stuff". +And he gave me some money, so i could buy coins for him. At first, ammounts was so small, i didnt bother to make a separate wallet for him. And all the time i was thinking that soon it will be done. +But as price was growing, boss became more interested and start to invest more and more money, never bothering to make himself a wallet. And i didnt thought much about it aswell. That was a big mistake. + +And finally, the main reason i am telling this story. I think you already know what happened. I lost my wallet. +I had only 2 copies of my wallet, "cold storage" as i thought. One on usb stick, and one on my old laptop, that i was using only for cryptocurrencies. I was stupid enough to keep both copies in one place, but this is not that fact that have destroyed me. +My obsession pushed me to check my wallet all the time, not only looking online in the blockchaine, i had to check it by logging into wallet on my "cold laptop", and sometimes to check if usb-stick are working properly. +Yep, i am idiot, and deserve to suffer, i know. +One time i was stupid enough, to check both laptop and stick, after that i was distracted by a phone call and i forgot about everything. Went to a bedroom, got sleep and went to the job at the morning. +when i returned from work, i found out that i had been robbed, they took both laptops (one new and that "old one" with a usb-stick in it) and some minor other things. +Some time has passed, the police said they will take care of my laptops as soon as they catch all the murderers and stuff... Frankly, that's normal for my country i did not expect more. +Wallets were encrypted with a password, no movement in my addresses. To be honest i doubt that the robbers understood what they had stolen. Btw, seed have been saved in txt file... On the same laptop and usb-stick. + +Now i am broke, boss fired me, threatens me and has already contacted all possible employers in our town. I owe money to everyone i know. +And the worst thing, that i have no support from my family and friends... They just saying things like "we told you!". I am depressed and completely confused in my believes, my loved ones and everything else. + +Today i am going to an interview for some job. I will try my best to get things done. But you have no idea how it is tough to knowing you have lose everything. +**So please, don't make such mistakes. Secure your wallet, make some copies, don't keep all the copies in one place, and PLEASE NEVER BORROW money to buy crypto!** + +Sorry for my english and God bless you! +I went for redundancy as they were doing them at work. The payout is slightly higher than the statutory but not massive and I'm having to stay an extra six months. I asked for annual leave the other day and was denied because they "need me that day". Kinda feel like I should get more but my solicitor said they can take any offer off the table as soon as you try to negotiate. I don't want to lose what I'm already getting but also I feel I'd be silly not to at least ask. It's not a deal breaker, but if I ask might they turn around and say no, do one? +Facebook parent [Meta](https://www.cnbc.com/quotes/META/) reported earnings after the bell. Here are the results. + +Earnings per share (EPS): $1.64 vs $1.89 expected, according to Refinitiv + +Revenue: 27.71 billion vs. $27.38 billion expected, according to Refinitiv + +**Wall Street is also watching other key numbers in the report:** + +Daily Active Users (DAUs): 1.98 billion vs 1.98 billion expected, according to StreetAccount + +Monthly Active Users (MAUs): 2.96 billion vs 2.94 billion expected, according to StreetAccount + +Average Revenue per User (ARPU): $9.32 expected, according to StreetAccount + +Facebook’s parent is contending with a broad slowdown in online ad spending, challenges from [Apple’s](https://www.cnbc.com/quotes/AAPL/) iOS privacy update and increased competition from TikTok. Add it up, and Meta is expected to post its second straight quarter of [declining sales](https://www.cnbc.com/2022/07/27/facebook-parent-meta-earnings-q2-2022.html). + +Although Meta is investing heavily in its Reels short-video service to steer users away from TikTok, the product is in the early days of generating revenue and isn’t as lucrative as Facebook’s core features, like Stories and the newsfeed. + +Meta is trying to make Reels more attractive to advertisers and has announced new ad formats intended to give businesses enhanced options for promoting their products through short videos. The company also recently [debuted](https://www.cnbc.com/2022/10/04/facebook-is-selling-ads-in-new-places-on-instagram-and-whatsapp-.html) new ways for companies to advertise on Instagram and Messenger, padding its overall ad inventory, which could potentially bolster overall sales. + +Still, the stock is down 62% for the year, more than double the drop in the Nasdaq, and analysts are skeptical of the company’s prospects through this year and into 2023. + +Bank of America recently downgraded Meta from buy to neutral and said in a research [note](https://www.cnbc.com/2022/10/24/bank-of-america-downgrades-meta-says-lower-ad-spending-could-hurt-reels.html) that “we expect advertiser budget cuts in early 2023 to weigh on sentiment and drive added uncertainty” following the Apple update and the “Reels transition.” The firm said it expects 4% growth in 2023, below Wall Street estimates of 9%, and sees “some downside risk to our estimates in a recession.” + +Investors will also be focused on Meta’s user numbers, which have stagnated. Most concerning are the user figures in the U.S. and Canada, its biggest region for revenue.   + +In the second quarter of 2022, Meta counted 197 million daily active users in those two North American countries, down from 198 million in the same quarter in 2020. + +Meanwhile, Meta is investing billions of dollars a year into the metaverse, the yet-to-be developed digital universe that people can access with virtual reality and augmented reality headsets. + +Earlier this week, Meta shareholder Brad Gerstner of Altimeter Capital wrote an open [letter](https://www.cnbc.com/2022/10/24/altimeter-capitals-brad-gerstner-calls-on-meta-to-slash-headcount.html) to Meta, lambasting the company for employing too many workers and spending too much money on the metaverse. + +The firm recommends that Meta reduce its head count by 20% and trim its metaverse investment to a maximum of $5 billion a year. Meta’s Reality Labs unit [lost](https://www.cnbc.com/2022/02/02/meta-reality-labs-reports-10-billion-loss.html) more than $10 billion in 2021. + +“Meta needs to re-build confidence with investors, employees and the tech community in order to attract, inspire, and retain the best people in the world,” Gerstner wrote in the letter. “In short, Meta needs to get fit and focused.” + +On Tuesday, [Alphabet](https://www.cnbc.com/quotes/GOOGL/) reported weaker-than-expected results and said [YouTube advertising revenue](https://www.cnbc.com/2022/10/25/youtube-shrinking-ad-business-ominous-sign-for-online-ad-market.html) dropped 2% from a year earlier to $7.07 billion in the third quarter. Ruth Porat, Alphabet’s chief financial officer, said the decline “primarily reflects further pullbacks in advertiser spends.” + +Source: [https://www.cnbc.com/2022/10/26/facebook-parent-meta-earnings-q3-2022.html](https://www.cnbc.com/2022/10/26/facebook-parent-meta-earnings-q3-2022.html) +My son & daughter aged 7 & 11 have just inherited 27k each and I would like to hear people’s thoughts on how I should invest it on their behalf. + +I would like to put it in an junior ISA’s (with vanguard) for them, but it will take at least 3 years to do this - so what should I with the money until then. I think the options are a savings account, premium bonds or a general investment account (although Vanguard don’t actually offer this to children). + +Any thoughts are very welcome. +Hey everyone! Our NW jumped from $600k to $1.5m in the past few months after an IPO windfall, and we have another $5m coming next year. + +Almost all of our our retirement accounts are currently in Vanguard, and the stock is all through Schwab. I've pretty much decided on going all in VTSAX, at least for the next few decades. Currently planning to move the cash currently in Schwab to Vanguard, and DCA buying the mutual fund over the next 12 months. + +We may buy a vacation property (~$500k) in the next 2 years. Otherwise, we have no large purchases planned. We don't plan on retiring right now in our mid-30s, but it's nice that the option is there if we wanted. + +Does this all sound sane? Am I missing anything by sticking with Vanguard and using mutual funds instead of doing an ETF through Schwab? +I have my first $1M+ tax bill coming (state and federal) because of an unnaturally good year (investment capital gains). I know that I'm going to get dinged for not paying it per quarter. But is there anything special that I need to do outside of transfer that cash into a bank account from my brokerage and then authorize the money transfer from my bank when I file my taxes electronically? Ie, at that amount of money, do I have to do anything beyond what most people normally do? In particular, I'm curious if there's any gotchas like max transfer from my bank, max amount that I can do with e-filing, etc. I've already worked out the details with my brokerage. +For those of you who have hit your target and may have found yourselves over it with the recent market run-up, how are you avoiding getting a little carried away with your spending? I am thinking I should really adjust my target to consider that many prices are inflated, but it's hard to put a number on that, and even harder to practice fiscal discipline in the face of such good recent returns. Anybody else struggling with this? Have any suggestions? +Careers in finance have a variety of social stigmas and are the subject of many stereotypes. We could debate for hours about most of these, but one of the most common is that working hours are extremely long. The answer to the question of whether that is true or not is...kind of. + +**The fact is that careers in top tier finance have, generally, significantly longer than average working hours.**. Even if you ascend to the highest ranks, you'll be working well over the standard 40 hours per week. + +While it is generally understood that analysts and associates work more than MDs or upper management, the reality is that if you include time spent meeting clients, travelling, and answering phone calls/emails, the average MD's working week will still be extremely long, in comparison with most other professions. If your intention is to suffer through your 20s with the expectation that you'll be on a 9-5 by the time to retire, you're sorely mistaken. + +**That said**, within the financial services sector, there is considerable variation in working hours depending on job. Given that many people on this board are students, I thought it might be worth summarising what you can expect working in major Western financial centres such as London and New York. In Asia, hours will generally be higher, in mainland Europe, they'll be lower. + +The results are a rough estimate based on my own experiences and those of people I know. I am a VP in ECM at a bb. To make clear what I mean, I am attaching a short description. + +**Corporate Banking** +This is selling loans and assorted other services to major corporations. All banking hours are seasonal to an extent, but corporate is more than most. At times all nighters are common, at others, I've seen corporate bankers stroll into work at 11 and leave at 3, especially during the Summer. Generally though, you're looking at 9am to 10 or 11 pm, six days a week, which is medium level for banking. + +**Trading floor** +Trading probably has the best hours in banking. Wake up early, stay until the markets close, debrief, go home. If you have any intention of maintaining a life in banking, this is probably the way to go, because you'll actually have time to spend in the evenings. + +**"Investment Banking"** +I've put this in quotation marks because so often there are actual misconceptions about what counts as investment banking. In reality, investment banking is ECM (equity markets) DCM/fixed income (debt markets) and M&A (Mergers and Acquisitions). Working hours vary between them. + +* ECM/DCM hours are reasonable for banking. If you're in at 8, you can expect to be out at 8 or 9. In my experience, all nighters are extremely rare, and the climate is actually pretty reasonable. Working week is the usual six days. + +* M&A has by far the longest hours in finance. Being arguably the most prestigious and thus competitive sector of investment banking (even though salaries across ECM, DCM and M&A are often very similar) comes with a hefty price. Standard hours are 9 am to 1 or 2 am, *every day*, six or seven days a week. Much longer hours are also common during heavy periods, and multiple all-nighters in a row are far from unheard of. + +**Hedge Funds and Private Equity** + +I would prefer if other redditors stepped up here to help, but as far as I'm aware these are both more like 60-70 hours a week, though the bigger the place, the more hours you'll work. I've heard of people at some boutiques doing a 40 or 50 hour week, but frankly I'm not sure how common that actually is. +. + + + + +So I recently went to a meeting where a financial advisor and an accountant both talked about my industry (restaurants/bars/hospitality) and possibilities of what you can do with your money. I've had quite a bit in savings and I'm looking to see what else I can do with my money. + +A bit about my current situation. I'm 30, dating but not married, no kids. I rent an apartment with my girlfriend and I own a car. I am employed full time and get paid hourly plus tips. I have a checking account (keeping $2k-4k), a high interest savings account with Ally (where I have $10k+), a 401k (contributing 6% to get my companies max match of 1.5%), a Roth IRA (with Vanguard, contribute $150/mo but don't currently max it every year). So at this point, it's safe to say I've started some retirement planning and I have an emergency fund with enough extra that I could be investing into SOMETHING. + +Without really knowing what to do with my money, I took a meeting with the investment firm that spoke at the meeting. They were very polite and friendly about getting financial info and my values. At our second meeting, they showed me their plan for me moving forward. They suggest continuing to contribute to my retirement funds (which I will, of course, keep doing), paying a $300 monthly premium for a cash value life insurance policy as a steady source of growth, and investing $5k-14k into an investment fund that they would manage. I'm a little hesitant to move forward with this just because I'm not even sure that it's necessary. It's all a bit unknown to me which is part of why I'm reluctant to move forward. + +What do you all think? Good idea? Bad idea? What else can I be doing outside of working with them to have my money work for me? Please feel free to ask for anymore info that you might need. Any help would be appreciated, thanks in advance! +Do you recommend any budgeting apps? I currently do my budget via excel and handwritten pen and paper. I have MacBook and iPhone if that makes a difference. Are any worth paying for? +So my question is, with this tax season we are getting more back then ever because we now have a second child. I want to plan out the best case for paying on our bills this year. The amount doesnt matter and while to some paying off loans with a higher interest is the best option. Well my highest interest account already has all of the taxes paid off from the 3 years of paying on it. My thought now is to take the smaller accounts(2 of them), set aside 1 full years worth of payments into an account just for paying bills and have them auto withdrawn. To basically maximize using the rest of our return into other bills and also have some to set aside for other things. + +Is this a good idea or no? I would have enough to pay off either one of the smaller accounts but that would take a solid fraction of our return. +I need help. Sorry if this post goes back and forth. My brain is raddled and I'm new to this. + +I am 22 years old female, turning 23 in a couple of months. I was 17 when I found out my sister stole my credit. I was in a hard position. For one, I didn't realize how important credit was being that I was 17. For two, I was still in High School and had no idea what to do. So with that being said, my mom just kind of brushed it under the table. As if it was no big deal at all. + +Couple years pass and I try to finance my first car. All I was approved for was a 2002. Not the best car, but it got me from point A to point B. I was also paying 24.9% interest... So after I paid off the car I was paying double for it after my interest rate. + +I finally realized how important credit was and that I needed to see what the damage was. I paid for Equifax and one other one? Not sure which one. I had an Entergy bill in my name, opened in 2008. I have a Cox Communication bill in my name, opened in 2008. 3 Capitol One credit cards. 2 or 3 Chase credit cards. And I think that may be it? In 2008 I was 12 years old... Obviously none of the things negatively affecting my credit were from me. Also, my credit score is at a 390... With a paid off car, because of my own doing. + +I then briefly spoke to someone who I thought could give me some advise. It was either put my sister in jail, who has adopted a daughter and now married, I let it go and have all of these things on my credit, or file for Bankruptcy. I was told ABSOLUTELY DO NOT FILE FOR BANKRUPTCY. I was really confused. My sister is 10 years older than me and the only sibling I have. She pretty much paid for everything as I was growing up, or maybe I did? I looked up to her. I love her. I mean...she's my sister. + + + +Fast fwd a cpl more years I decided after she fucked me over yet again in some sort of way I was going to pursue it and if they investigated enough and found out it was her, shed be going to jail. I was okay with that. I took action and called Chase first, they agreed that it clearly couldn't have been me that opened the credit cards due to public records indicating I was born in 1994. They were going to start the fraud process. They also asked if I would like to get the statements from the credit cards. I said absolutely, I would LOVE to she what she actually used MY money on. So I get excited, call Capitol One, thinking wow this is easier than I expected. Capital One didn't want to hear it. I was told, "sorry but what you're telling me isn't enough proof that it wasnt you. We have a lot of people open credit cards, run them up and not want to pay them." I tell them the same thing Chase told me, you can look up public records. Look at my real date of birth, not the one she used. Still I got nothing. Couple weeks pass and I got the statements from Chase. She opened up credit cards just to go shopping. $200 at Champs. $120 getting her hair done. $50 to go buy another pair of shoes. $75 on gas. And it just goes on and on. I mean it would kind of be a diff story if she actually NEEDED the credit cards to help her survive, no. I have pages and pages of what seems to be a mini shopping spree for her. After this, Im completely done. + +I recently then look again and there is a credit card opened in 2014 from Capitol One. I have never in my life applied for a credit card, with that being said, it was her AGAIN. And all my Chase cards are still on my report. + +Just to add the cherry on top, my sister has obviously screwed her credit, my moms, my dads and now mine. Recently went on vacation with me and my boyfriends family, got mad and left. On her way out she stole my boyfriends money out of our end table. Has also used others people children on her taxes obviously without their permission. Steals from every place she steps foot in, LITERALLY. She's an ex stripper who got addicted to the money quick and started sleeping around for more money.. Which whatever, I looked down on her for it, but like I said, she was still my one and only sibling. And no, she actually doesn't do any drugs. AT ALL. + +What I need is some serious advice. WHAT DO I DO TO GET THIS OFF OF MY CREDIT? Do I get a lawyer, which I really cant afford, I live paycheck to paycheck. Make a police report? File bankruptcy? Someone please send me in the right direction. I'm 22 years old and cant do anything until this is gone. Not only is it hard enough to build credit but I'm starting from lower than the bottom. + +Thank you guys. And sorry it was so long and all over the place. +Hello everyone, i just need advise please. + +Ive been on a salary for almost 1 year now and ive been really shy about how much i earn. + +Im working as a hotel receptionist and before i was on hourly at $21.92 + penalties and working part time at telstra. But telstra wanted me back full time and offered like operations something. (I forgot) anyway it was just on 49k+ commissions and super. Told my manager that telstra was offering a different position and she counter offered it with $58,500 + super. In the end im with the hotel receptionist job but im now also an admin and event coordinator. + +Recently ive been doing 10hrs shifts and then exceeding more than 40hrs a week. This is also my 9th day working and tomorrow my 10th. Im the only full time. + +Its just hard this month since most casual are back in their full time jobs which is 9-5 so i had to do the 7-5 time. Manager is away too but will be back next week. + +Is this normal on salary? My partner is shocked i dont get paid overtime. I thought thats how its usually is when youre on salary? + +There’s already three people who commented that there must be wrong with my contract. And now im worried i got myself a bad deal. + +Also side question: +What kind of career progression can I do? +Ive studied and worked in hospitality(receptionist, chef, waitressing, bartender) but i have also experience with sales. + +Sometimes i just dont see how i can break the three digits salary with the current position im in. Im honestly hungry for knowledge and atm i feel im getting comfortable with my role and i dont feel challenged. (Hence took a second job in retail since i thought i could learn about merchandising and expanding my skills with sales) + +I just feel im hitting a block and i want to break it and move forward. Basically i just want to excel and i dont know on which path to take. + +Im sorry if this is not the right sub to post. Thought this is also finance related. + +—- + +TDLR: +Is 58500/year okay for a full time hotel receptionist/admin/events co-ordinator. That will sometimes (rately) do Waitressing, barstaff when they need to. + +—— + +Ive also just learned a new staff, who has no background with Reception/hospitality got 55,000 p.a + +While i have a bachelors (overseas), diploma of hospitality and around 2-3 years experience receptionist and i get 58,500 p.a 🥲 +***"Exchange Listed on FEGEx!"*** + +***"Farming Available on Goldfarm!"*** + +If you missed the DOGE, SAFEMARS, SAFEMOON rocket, worry not, Richie from Planet Rich will help you in ***‘Livin’ the Dream’*** + +And guess who has written their contract? + +The Legendary **FEGrox** of FEG wrote & audited their contract. + +Richie is a deflationary Token that has a 5% tax rate on every transaction. + +🔥 2% is permanently burned from the supply.👑 1.5% is distributed to holders.❤️ 1.5% is sent to charity wallet(The team will shortlist 4 charities, do a poll and let the community decide. As per the poll results, it will later be donated to charitable trusts that accept donations in crypto.) + +💵Liquidity is locked inside FEGex. + +# 💡Purpose of Richie’s life: + +💥Richie is a community token in the true sense of the word. + +There will be a donation wallet instead of a burn mechanism and 1.5% of the tokens will be allocated there. + +Putting good intentions to good use, the team will shortlist 4 charities, do a poll and let the community decide. + +As per the poll results, it will later be donated to charitable trusts that accept donations in crypto. + +So you earn good karma along with good money. 💰 + +Richie is also a playa’, you will see exciting games and ‘Billion’ NFT rewards for those who show trust in his friendship and stake.📊 + +☄️Come & Join the movement and let us all travel to Planet Rich🛸 + +# 📝Richie Tokenomics : + +💥Total Token : 1,000,000,000,000,000 Tokens + +💥Tokens Burnt : 500,000,000,000,000 Tokens on genesis + +💥Evolution & Expansion Wallet : 48,000,000,000,000 Tokens + +💥Charity Wallet : 24,000,000,000,00 + +📝Perpetual Marketing Fund Contract: + +[https://bscscan.com/address/0xa8fa2ec1d12465752615aa6bf85eee3e1e22e108#code](https://bscscan.com/address/0xa8fa2ec1d12465752615aa6bf85eee3e1e22e108#code) + +📝FegEx Buy Address : [https://feg.exchange/](https://feg.exchange/) + +📝Initial liquidity on listing : 90,000,000,000,000 Tokens + +# For more details, Make sure to check : + +🥞 Pancakeswap — [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc7bc24c4c18f8251d31611114d0e7b5f5ef76762](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc7bc24c4c18f8251d31611114d0e7b5f5ef76762) + +💰 Buy on FEGEx — [https://feg.exchange/](https://feg.exchange/) + +✅Website — [https://www.getrichie.com](https://www.getrichie.com/) + +✅Twitter — [https://www.twitter.com/LFGRichie](https://www.twitter.com/LFGRichie) + +✅TG Channel — [https://t.me/RichieAnnouncements](https://t.me/RichieAnnouncements) + +✅TG Group — [https://t.me/LFGRichie](https://t.me/LFGRichie) + +✅Discord — [https://discord.gg/ytXuSMXzaJ](https://discord.gg/ytXuSMXzaJ) + +✅Instagram — [https://www.instagram.com/LFGRichie/](https://www.instagram.com/LFGRichie/) + +📄The BSC Scan - [https://bscscan.com/token/0xc7bc24c4c18f8251d31611114d0e7b5f5ef76762](https://bscscan.com/token/0xc7bc24c4c18f8251d31611114d0e7b5f5ef76762) +Twitter user *mah\_twitter* just posted a few hours ago the horrifying story of how he was kidnapped a few days ago, forced to transfer the funds to the kidnappers, and left for dead in the woods. + +&#x200B; + +>*Hello everyone. You won't believe how happy I am that I can tell this. I must be dead but born again!* +> +>*All of my life saving (I was all-in crypto) from binance was stupidly drained to bsc address by kidnappers (who wanted to take my life as well) with binance-pegged usdt ($523k) and I believe we can hit up the cz binance to freeze these funds after good attention. xx* +> +>*I live in Kaliningrad (offshore 300km part of russia inside eu zone) and it happened 27.09 22:00, pulled out from parked car right in front of windows of our governor, next to Belarussian embassy building. I still can't believe this can happen in 2k21.* +> +>*Held tied in mask for almost 24 hours in a unknown location (after I unlocked iphone with binance 2FA app codes to let them drain funds).* +> +>*The second night I was strangled to death and thrown out in the forest without clothes, hidden under a bunch of branches. Sorry for such creepy details, even I didn't expect that this can happen in mother's nature.* +> +>*Luckily because I was IV sedated with random drugs by kidnappers, they could not check my heartbeat and thought I was done. Brain needs not much oxygen in that condition which was still enough in blood, so my breath came back later and so I was given a second birth.* +> +>*I was lucky enough to get out of forest in complete darkness with 4°C to find nearest village and I was sent to ER and to fill later criminal case to police.* +> +>*still up and good I believe crypto twitter has some deep heart inside of everyone and so we can pump this message until Binanze CZ confirms that this case can be closed in the luckiest outcome for human beings. Guys, love everyone, cheers* + +&#x200B; + +Luckily for him, Crypto Twitter got to work and persuaded CZ and Binance to immediately look at this case, and it was a success. + +[We can only hope he can at least get his funds back, and even better if they catch the bastards who did it.](https://preview.redd.it/sh6emkixt2r71.png?width=1156&format=png&auto=webp&s=7abc9551e8603f6c65c68aae630e2f65bf01415b) + +Here's the [link](https://twitter.com/mah_twittar/status/1444088042520723456?s=20) to the full thread. + +So what can we learn from this story? I think the message is pretty straight forward: + +Don't tell anyone you own crypto. Maybe you trust the person you are telling this to, but it could easily slip out of his/her lips in any given conversation, and someone that you want to avoid could possibly catch this information. Remember that Crypto is still in the Wild West era. If this guy didn't came back to life, the perpetrators would be enjoying his money with blood in their hands and probably no regrets. + +This guy was left for dead. His kidnappers decided to end his life after stealing his money, proving that human life has zero value to some people (if we can even call them that). Stay safe guys, this story truly sent a shiver down my spine. I think I'm just gonna tell the few friends that know that I made a bad trade and lost all my crypto. +And that's why I'm extremely bullish on GameFi projects these days. You have probably seen these coins pumping the last few weeks while everything else was dumping. The market for regular NFTs seems oversaturated, NFTs with utility, like Land NFTs seem to be the next big trend imo. The crypto real estate boom is coming guys, in fact with the prices on Decentraland/Axie landholding, it might already be here, I'm in a couple of low marketcap gems though to make up for being late (shoutout RisingSun), but I'm feeling pretty comfy about the future with my bags. + + +We're entering the Ready Player One Era guys. Are you ready? +Leave your thoughts below. +I work retail, it's a job that pays the bills and gives me little freedom. Everyday I see families spending their excess money on airpods, alcohol and other nonsense. Hundreds of dollars down the drain, with every swipe at the register, I think to myself... thats 1 share, 2 shares etc. I now do math in terms of gme shares. The other night my wife wanted to buy a new bench for the patio, $180. I said hell no babe, that's 1 share of gme. She rolled her eyes and bought the bench. So, back to last night 🌙. I see this guy that shops all the time and he has bananas and some water. I say jokingly "do you have a pet monkey" to which he replied "nah, I'm just an ape and this is all I can spare my money for" my eyes lit up. My coworkers could see my smile under my mask. You see I've been talking about gamestop to anyone with 1 good 👂ear for the past 4 months. Everyone knows where I stand. This costumer had my full attention, I said soooo you're an ape? He said yeah, "I only own GME, not AMC". I immediately went into fan boy mode. We started talking in another language... all the other people around us were like wtf are they talking about. It felt so amazing knowing we were the smartest and richest people in the building. After he left one of my coworker looked at me and said 2 dummies investing into a dying company are all smiles for doing it. 🙃. What he doesn't know, I asked this fellow ape the ultimate question. How much are you willing to loose? He had the same answer as me. "Everything, they can't make me sell. And if they want my shares they're worth more than they can imagine. I'm willing to loose all the money I invested." It felt like nirvana, 👍 a fellow ape in the wild. We were brothers instantly and now we'll be millionaires soon enough. It's a crazy feeling, knowing you're life is about to change. For most of us APES it already has. #Brotherhood 💎💪👍🌙♟ +WE NEED TO ALL FILE A CLASS ACTION LAWSUIT AGAINST THE BROKERAGE’S HALTING TRADING. THIS IS AGAINST ALL RIGHTS AND VERY MUCH AGAINST THE LAW. IF WE WERE ALL LOSING OUR MONEY, THEY WOULDNT CARE. THEY ONLY CARE ABOUT THEMSELVES. LETS ALL GET TOGETHER AND MAKE THIS HAPPEN +My employer is letting me go. I was on the cusp of retiring anyway, so while the timing isn’t ideal, it isn’t the end of the world for me, and may actually be a blessing in disguise. I have a 2-year cushion of cash already, so I feel I’m in a fairly good spot to weather this. As part of my severance package, I will be receiving the equivalent of about 8 months pay, plus 1 year of COBRA. I am thinking of increasing my HSA contribution so that I can reach the annual max ($7300 for a family). Does this make sense? Is there anything else I should consider doing? +Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later. + +The latest timeline signals another IPO delay and comes despite repeated questions from a variety of investors over the years about owning a piece of SpaceX. + +Musk emphasized, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability” before it goes public. + +Full article: [https://www.cnbc.com/2022/06/07/spacex-starlink-ipo-elon-musk-says-offering-is-3-or-4-years-away.html](https://www.cnbc.com/2022/06/07/spacex-starlink-ipo-elon-musk-says-offering-is-3-or-4-years-away.html) + +**Elon Musk says SpaceX’s Starlink satellite internet business is 3-4 years away from an IPO. Once Starlink goes public, do you think it could be worth more than TSLA, which has a market cap of $742 billion?** +# What is going on right now? + +OK the price is low right now, prices have been falling and the whole market is fearful. Some people much smarter than me would say that this the time to buy, because this is when people get rich. Buy when there is blood on the street. Be greedy when others are fearful. That's all good and well, but for the rest of us that are fully invested - what the hell is happening? + +# The Fed + +The US federal reserve recently announced that they will begin hiking interest rates and tapering their purchases of securities - why does this affect cryptocurrencies? The current economic environment was one of extraordinary monetary policy. The money printer was on full throttle and interest rates were at near zero for a huge amount of time. What was the cost of this? inflation. Now that inflation is up, the money printer has to be shut off, and interest rates have to be hiked. This is bad news for companies with a lot of debt (like tech stocks with high future growth priced in). So traders, hedge funds, retail investors start cutting trades, and taking profit. Also to fund their safer bets they need to sell riskier assets... it's a risk off environment. So risk is coming off, what is perceived as the riskiest asset out there? Cryptocurrencies. So we see trades unwind, as people panic. For context this is not just SCLP, or cryptocurrencies. At the time of writing NFLX is down 20%... + +&#x200B; + +[Risk off](https://preview.redd.it/0xv9rhv890d81.png?width=1326&format=png&auto=webp&s=123fcb75d5657b94cc30fbd290db5a83629f5753) + +The S&P has broken out of a long term channel .. + +&#x200B; + +[Left chart is S&P - which defines risk in the market, bitcoin is a much smaller market and so follows in its wake.](https://preview.redd.it/rb7fw46e90d81.png?width=2754&format=png&auto=webp&s=0063b1a820fe2912fc41de401eb4b663ceb86f9c) + +&#x200B; + +# So what should I do? + +Ask yourself a few simple questions - what is my investment horizon? What is my long term view on cryptocurrencies, and my chosen projects? + +You need to look for projects that are tangible. You need to look for projects that you believe in. If you are feeling a mental strain, perhaps this is your first foray into the crypto markets - I would suggest making sure your investments are not too much for you to mentally handle. If you feel you are too at risk, then rebalance into less risky assets. Buy some bonds, which will do well in the increased interest rate environment. Then take a walk, live your life. The markets are volatile, they go up and they go down, but fear won't control the market forever. Think about why you invested in the space in the first place and ask yourself, has anything changed? + +# We are in this together + +You are not alone. We will profit together, and people will think that the journey there was so easy - but we have to suffer to get there, which is something that the everyday person doesn't get. The pain we had to face along the way. It's a tale as old as crypto. Stay strong! +You want to go to Walmart when you should go to Audio team to help you with your hearing? + + +What I am hearing with these Hearing Aids, This "company" sounds like they make reading glasses, but they are hearing aids. + + +[http://hearing.wustl.edu/Hearing-Aids/Hearing-Aid-Fittings](http://hearing.wustl.edu/Hearing-Aids/Hearing-Aid-Fittings) + + +[https://www.webmd.com/a-to-z-guides/hearing-tests-for-adults#1](https://www.webmd.com/a-to-z-guides/hearing-tests-for-adults#1) + + +[https://www.nidcd.nih.gov/health/who-can-i-turn-help-my-hearing-loss](https://www.nidcd.nih.gov/health/who-can-i-turn-help-my-hearing-loss) + + + + +The Big thing about Hearing Aids is you don't just see one doctor, you see a hearing team. + + + +### What is an Audiologist? + +[**Wikipedia**](https://en.wikipedia.org/wiki/Audiology)**’s definition of an audiologist is a health-care professional specializing in identifying, diagnosing, treating and monitoring disorders of the auditory and vestibular system portions of the ear. Audiologists are trained to diagnose, manage and/or treat hearing, tinnitus, or balance problems. They dispense, manage, and rehabilitate hearing aids and assess candidacy for and map cochlear implants. They counsel families through a new diagnosis of hearing loss in infants, and help teach coping and compensation skills to late-deafened adults.** + +### What is an ENT? + +**ENT stands for ear, nose, and throat, and an ENT is a doctor who specializes is conditions involving these three areas. The technical name is an otolaryngologist.** [**Wikipedia**](https://en.wikipedia.org/wiki/Otorhinolaryngology) **explains that patients seek treatment from an otorhinolaryngologist for diseases of the ear, nose, throat, base of the skull, and for the surgical management of cancers and benign tumors of the head and neck.** +[https://www.hearingbalance.com/hearing-blog/what-is-the-difference-between-an-audiologist-vs-ent](https://www.hearingbalance.com/hearing-blog/what-is-the-difference-between-an-audiologist-vs-ent) + + +You see a doctor who determines the damage and the type of hearing loss, +You see an Audiologist who has *PROPER TRAINING IN THESE MANNERS.* A good life rule is never stick shit down holes in your body you don't know about, that includes your ears. +" ***At the hearing aid fitting appointment, your audiologist will verify that the hearing aids are providing the correct amount of amplification by doing Real Ear Measures. Real Ear Measures allow the audiologist to know how loud sounds are in your ear canal"*** + + + + + +Do you really want to trust the health of your hearing to a bunch of yahoos selling cheap hearing aids out of the back of a walmart store? This is just my two cents to think about it. +TL:DR: Anchored VWAP allows you to view price in relation to the aggregate purchase price from a point in time, i.e. where the average holder is in relation to P/L, it also serves as a good gauge of trend shift (getting above a downtrending VWAP is a bullish sign and vice versa). + +&#x200B; + +I am sure there are quite a few who are already familiar, however I have seen one too many "meme stocks are doing great right now!" comments NOT to make this. Ok, today I wanted to bring to your attention the Anchored Volume Weighted Average Price (VWAP). + +I will not bore you (or myself) with the formula, look it up if you are interested. + +In essence the VWAP is a price moving average that more heavily weighs volume related price action (i.e. the more volume a candle has the higher weighting it will have on the moving average line). + +The anchored variety is the same, except that you can select the point at which to start the calculation, getting a gauge of the price action a (amongst other things) for a given timeframe. + +# How to Use It? + +To use the anchored VWAP tool simply select it and place it at the point you wish to calculate from (the following screenshots are on TC2000, however TradingView also has the tool for use for free, screenshot of where to find it at the end of the article). + +* Anchored VWAP is used to determine, in a simple sense, the profit/ loss of the aggregate trades since a certain point (also can infer supply/ demand or good support/ resistance levels). +* Swing highs/ lows are a great place to use this tool +* Post earnings/ dividend can also be beneficial +* After a substantial shift in market direction (March 2020 lows for example) +* IPO date (look at TSLA for some interesting tidbits on support/ resistance...) +* Another key factor to consider, is that the distance between the VWAP and the price can be thought of as the 'profit cushion' or the degree of demand (SPY for example has a MASSIVE cushion from the March lows, i.e. enormous demand for SPY). + +Below is a chart of SPCE, with the anchored VWAP set at the most recent swing low, as we can see everyone who bought from this point (in aggregate, not on an individual basis) is JUST at breakeven. + +What this means is that in the case of SPCE, most people are teetering at breakeven (this is because VWAP is an average, i.e. some with be in huge profit, others are underwater, so in aggregate they are neutral). + +[Anchored VWAP - Above this price represents the profit accumulated from the purchase price at the specific date](https://preview.redd.it/s676ztnn6wa71.png?width=1854&format=png&auto=webp&s=45b0d611f747a0cef74de775a84fd6a564e4946a) + +&#x200B; + +The next image shows a zoomed in image, with the Anchored VWAP being placed at the peak of mania (also where most of the volume came in). + +As you can see almost everyone was IMMEDIATELY underwater on their positions, at present time, to the tune of around 15-20%. + +Most of these 'meme' stocks are only profitable for those who entered BEFORE the move occurs. + +[Anchored VWAP - Below this price represents the Loss accumulated from the purchase price at the specific date](https://preview.redd.it/q2l9x0ez8wa71.png?width=1851&format=png&auto=webp&s=69cbfe32d30ab15b25496c7727578332f7684b1c) + +Here we have NEGG, same thing, the anchored VWAP is saying that almost everyone who has entered has been riding a razors edge of profit/loss, with the price eventually falling below the VWAP, i.e. in aggregate NEGG was A STINKER of a trade, UNLESS you were the ones who pumped it and had your position in place prior to the move higher. + +[NEGG - Anchored VWAP](https://preview.redd.it/kcgxm4en9wa71.png?width=1856&format=png&auto=webp&s=514a2fa43c29655ba8096b3d1d0c2ed0fbbd737f) + +Another example, CLOV, same story as NEGG, for the overwhelming number of people it was a LOSER, that did not make them money (I am not saying nobody made money, but I am saying that unless you were positioned before the pump, you likely came out burned). + +[CLOV - Anchored VWAP](https://preview.redd.it/631tnuwdawa71.png?width=1854&format=png&auto=webp&s=a0e2ff86856f25d34ec066069752a304a6db2f4d) + +Another meme stock another loser trade for MOST that entered. + +[BB - Anchored VWAP](https://preview.redd.it/acg69w5rawa71.png?width=1802&format=png&auto=webp&s=a89d5283ec24e76284ec8545861703391d5df774) + +GME is one of the FEW that has not died in a fire immediately, but consider that for all that risk the VWAP profit cushion is a mere 40%... whilst risking trading halts, obscene volatility and a litany of other trade risks. + +Is that worth it? + +[GME - Anchored VWAP](https://preview.redd.it/xg03kvj9bwa71.png?width=1802&format=png&auto=webp&s=4899328059f104531eab5f374b9ee520870314ab) + +AMC is also teetering on the brink of widespread losses, now could this be a support zone? Of course it could be, however it is a crucial level psychologically for the aggregate of AMC holders, as it is close to dipping to net losses for those involved. + +[AMC - Anchored VWAP](https://preview.redd.it/5noeayonbwa71.png?width=1801&format=png&auto=webp&s=95e50a33a55ae1d807a794bd7c72d30046d1aa9f) + +# In Summary + +I am not saying to stay away from meme stocks, I am not saying that you cannot make money from them, I am saying that on the whole they are just another incarnation of pump and dump schemes that for most people will result in dramatic losses. + +The other takeaway is to learn some basic TA skills, they can help to identify levels of selling pressure (institutional money WILL use VWAP as their entry/ exit points for example so learning to use it can help you). I.e. they will offload shares in a downtrend at the VWAP and they will tend to buy shares at the VWAP in a uptrend. + +This is FAR from a comprehensive view of Anchored VWAP, but hopefully it has peaked your interest enough to seek out further information. + +&#x200B; + +[Where to find Anchored VWAP tool on TradingView](https://preview.redd.it/d58eklky7wa71.png?width=302&format=png&auto=webp&s=90af5117eda9abd74b84c555b712288be482c404) +Hello, + +A few people liked my last post on selling steep PLTR skew for a long-decay, low risk, high upside spread. As it was the first time some people saw that kind of trade, I wanted to make a post on another opportunity a little more complex with a little more explanation. + +**TSLA June/Sept Risk-Reversal Calendar Trade** + +Here is $TSLA vol smile of bid/asks across strikes: + +[$TSLA Vol Smile June and Sept '21](https://preview.redd.it/cf7m25tw8up61.png?width=1500&format=png&auto=webp&s=9c998a0f23c877b4dc6147ff6bd86d0d64017722) + +Note that June skew is pretty steep in comparison to Sept. This has been driven up by a large seller of the June 1000 calls; a big player dumped 20k+ over the past two days, along with sellers of the 850 call causing June upside vols to basically implode. Market makers simply don't want to hold that much call skew in that area, so they begin to mark it fairly low as they accumulate more. As it stands now, these are the cheapest vols on the TSLA board. + +TL;DR SO FAR: June 850 call area is the cheapest vol across the TSLA surface. + +**How steep is June skew relative to Sept, and how different is that slope across tech names?** + +Let's take a look at the 1stdev down put vol, minus the 1stdev up call vol, across the term structure. + +At the top (purple), we have QQQ. Because of implied correlation, the ETF's surface should have higher skew and lower ATM vol than the average of the components. The next highest June skew is TSLA (note that the skew is normalized by ATM vol. If it weren't, TSLA would seem to have a much, much higher put skew). + +[Tech Stocks IV Skews](https://preview.redd.it/aoqllozp9up61.png?width=1508&format=png&auto=webp&s=b6f4415ca8edcb6688ea0769c4bfb64577f01d85) + +In red, I've marked the skews we should want to sell. In green are the months we should want to buy skew. Although I've only executed the trade in TSLA, I think it would be fair to hedge the trade with a similar but opposite spread in QQQ; selling the risk reversal calendar hedges out some of our skew term risk. + +[More TSLA Vols](https://preview.redd.it/reha4zwaaup61.png?width=1508&format=png&auto=webp&s=128dcf8f7d27343d5da8924f21ea51d197fefe40) + +&#x200B; + +[The trade, visualized](https://preview.redd.it/buz3kzfmgup61.png?width=1498&format=png&auto=webp&s=ff3f5bb69fc0a82bb84663dd31abe5ded01072c1) + +The premise of the trade is this: **Due to recent June upside vol sellers, the June skew slope is too steep relative to the months around it in TSLA. We should sell the steep skew and buy the flatter skews, with the prediction that the June skew will revert & flatten out more, relative to other months.** Based on other tech stocks, the June/Sept skew slope is fairly flat. My fair value or target IVs for the June RR will be the Sept RR vols. + +**The Trade** + +&#x200B; + +|Option|Qty|Delta|Vega|Spline IV|Target IV|Edge ($)| +|:-|:-|:-|:-|:-|:-|:-| +|June 400 P|\-5|\-9|.53|79.2%|74%|$2.75| +|June 850 C|\+5|\+16|.70|63.2%|66%|$3.36| +|Sept 350 P|\+5|\-9|.68|73.8%|73.8%|\---| +|Sept 1050 C|\-5|\+16|.99|66.8%|66.8%|\---| + +The trade here is to buy the Sept Put in the June/Sept Risk-Reversal Calendar: buying the RR in Sept and selling the RR in June. I collected $2.88 in premium for putting this on, I'm long a tiny tiny bit of gamma and collect about .04/day. There's $6 of theoretical edge in this spread. I have no opinion on the direction of Sept skew, only that it's a fair hedge vs the June skew. If skew goes higher or lower across the board, I shouldn't have too much risk on here. + +&#x200B; + +**Exit Plan** + +If everything goes according to plan, I'd like to take this off for $5 profit. Gamma position won't get too bad unless TSLA crashes to 500-450 area. In that case, I would be fine with buying in gamma as we downtick, by way of rolling the short to a lower strike. It's also possible that we downtick favorably, as this spread is locally long gamma and the June/Sept vol spread could tighten on a dip. Selling the QQQ June Sept RR Calendar would also provide an even tighter hedge on tech stocks crashing. If HFs dump more of the June skew calls, I would consider putting more calendars on, as long as the RR Calendar edge is becoming more favorable. If the vol spread doesn't tighten back by at least $3, I am also fine holding this over earnings, although I will look to recalc my earnings move exposure once we get closer to end of April. +I was a humble man selling calls and puts, then I got bored and wandered into the dark trenches of WSB during a ten hour car ride. I hit a dark point and bought OTM 100$ TSLA puts that expire Friday . I hope I can pay for my sins and that the theta lords forgive me. +I apologize if this isn’t allowed to ask. I just started with this and I have out around $1000 today in a few different stocks. Is that not nearly enough? I just didn’t feel confident with anything today (if that makes sense) + +Thank you any help. I guess I’m just trying to justify my actions +I'm looking to better understand strategies relating specifically to what makes sense when intraday option scalping is the focus. + +I enjoy Matt Diamond fine but his methods are very short timed and specific to opening setups mostly. + +Just searching on youtube is... not that fruitful. + +Anyone know good ones? +The quotes out of context sound more dire than reality would seem to indicate. I feel the general consensus is that the EU would never allow Airbus to go under, just as the same would be true with the US and Boeing. + +I am looking at the price of EADSY right now and can only think it's a good buy and hold. If it's under $14/share I feel there's money to be made. + +Just curious what others like or dislike about the only other commercial airline maker in the world. +I have to move all my stock to my new company and close all outside accounts. All my trades are monitored by my work now, and I can't trade options. I can only go long and have to get prior approval before purchasing, and I have to hold 30+ days and get approval before closing positions. Just going long on spy for the foreseeable future. Fuck, im getting all emotional just thinking of the potential loss write offs I'm missing out on +Remember The Big Short? Where was the SEC while all that was going. The only SEC person in that movie was the pool chick who wanted to work for the Hedge Funds after leaving the SEC. just like in The Big Short, they will be nowhere to be found through this. If this kicked off on monday all the SEC would do is make a few more laws with a couple million in fines a few months from now. Gary Gensler is no hero or anyone to be admired yet. What has he really done yet? A few promises and talk of investigation. Wait to give him congratulations when he actually arrests or takes these financial terrorists licenses away. Until then be skeptical of EVERY person. Us Apes are on our own. Thats fine. + +Buy, Hodl, Vote. That is all. +If he did, my hope is that its not because he expects them to do anything about the situation but because he has a big announcement coming soon and wants to be clear that whatever happens after, is not his fault, or Game Stops fault. + +Something like: "Hey guys, I'm trying to do busniess stuff over here and it looks like waaay more shares exist than are supposed to, so, if there is something like a teeny tiny, itsy bitsy, infinity squeeze or something, I don't know why; Ask wallstreet or something, I'm gonna grow my company." +Let's look at Zuck's [pitch video](https://www.youtube.com/watch?v=Uvufun6xer8), for example. In the metaverse you can... + +1. **Play poker with your friends** +There are already plenty of ways to do this online, right in my browser. If I really want to see my friends' faces, we could setup a zoom call while we play, and I can see their *actual* faces, rather than a stiff digital avatar. +2. **Look at some digital art** +I can already do this in a browser. I guess if it's a 3d model, rather than a 2d image, having a VR headset helps, but how often do people sit around looking at 3d models, just for the sake of it? Unless you work with them somehow, probably not very often. +3. **Bring your items from one videogame to another** +Sounds very cool, but if this was something that game creators wanted to do, they could have already been doing it for *decades*. It's not a technological problem, but a lack of will from the game's creators. The only thing stopping me from bringing my World of Warcraft sword into Everquest or Black Desert online is the games' creators willingness to implement this feature (and it actually sounds like a *lot* of work for them to support, once you start to think about it). +Also, would you really *want* a bunch of people bringing their Roblox items and gear into your Lord of the Rings Online server? Have these people ever actually *played* a videogame? +4. **Communicate via hand gestures instead of typing** +It's really hard to imagine how waving my arms, like a caveman, is a superior form of communication to using a keyboard. +5. **Watch videos with your friends, online** +Plenty of ways to already do this. I don't see how donning a VR headset would improve the experience. Again, if I felt the need to look at my friend's faces, while I watched the movie, we could just start up a group video call. +6. **Go to a concert together with friends** +Seems like watching the concert, streamed, would be far preferable to being in a virtual stadium, where a 3d model of the performer is far away from me, and I'm surrounded by a bunch of lifeless avatars, half of whom are probably AFK. +7. **Attending a concert's "after party" in a virtual space** +Again, this sounds far inferior to just connecting to a public video chat lobby, where you could actually see faces.But if you really want to hang out with a bunch of anon 3d avatars, go play VR Chat. I'm guessing you'll nope out of there within the first 5 minutes. +8. **Play VR online ping pong** +You can do this right now. There are tons of really fun multiplayer online VR games you can download from Steam right now, no metaverse required. Why aren't you playing them? +9. **Attend a virtual work meeting in a virtual conference room** +Obviously, you can already do this now, with Zoom, Google Meet, Microsoft Teams, etc, but with the ability to see your coworker's *actual* faces. +If Bob from accounting *really* wants to be a cartoon lion, there are plenty of video filters that already give him that ability...hooray! +10. **Learn about the solar system, for a school project** +Obviously there are already tons of educational materials, on the internet, right now. There's Youtube, Udemy, etc, etc, etc. Incorporating 3d models into the lessons is cool, but there's nothing stopping educators from using something like WebGL to do this in a browser window, except that it takes a lot of time and expertise to create those kinds of educational materials. +11. **Do your shopping from a virtual shopping mall** +This sounds a lot less convenient than just buying stuff from a website.Also, it's not realistic to think that stores will create a to-scale 3d models for most of their products, so you'll probably just end up looking at a bunch of 2d jpegs anyway. + +So yea, if you think this whole metaverse thing is all hype, you're not alone. +I’ve been in the banking industry for about 13 years and this is the 1st time I’ve done loans for government employees in mass. + +If you weren’t already aware, and are a government employee, most banks and credit unions offer loans, lines of credits, and credit cards for furloughed federal employees. + +I work for a local credit union and we’re offering credit card increases without running credit. Personal loans with reduced interest and no payments until pay resumes. And existing loans to be deferred indefinitely. + +I lot of these employees are only hearing of this through would of mouth as most banks don’t promote this info. + +Hope it helps :) + +Edit: I should have mentioned, every Financial Institution (FI) has their own policies and underwriting guidelines. Different documents may be required depending on the FI. + +Edit 2: For those of you looking for help, the easiest way to find out is contacting your current bank. + +If your bank doesn’t offer anything, google the following: “government shutdown relief X” X being the city you live in. When I do it in my area, our credit union is the 2nd link, the 1st being a news article about banks that are helping in the area. +I can’t stop thinking about how much money I could have made if I loaded up on Puts 2 months ago. I remember seeing an article in the paper about the beer disease at the end of January and thinking “damn... this could be something.” Then I proceeded to play with my tits and not do a god damn thing. Now I’m sitting here thinking that even small investments, if done properly, would be worth millions today. All I can think about all day is how one decision would have changed my life forever and allowed me to never work again and be able to snort blow off a hookers ass every day of the week. Now, I just sit quarantined in my house with my wife and her boyfriend knowing that I will have to go back to work after all this ends. Maybe I should just end it now. How the fuck do I cope? +Here's what I meant: I've been reading this subreddit for a while and it seems like most people who successfully made it had very similar lifestyles - being careful with money goes without saying but I observed that most of them watched their expenses very closely when it comes to even general spending, like dining out, etc + +I was wondering if later in life, when you look back at when you started and how far you have come, do you think there were times where you wish you had spend rather than saving up for the retirement or FI that you're currently enjoying? I'm thinking travel trips, night life experiences, etc. +# The issue has been resolved, thanks everyone for helping! + +I will also in preparation for the future, be buying several of the items mentioned in the thread my next check. Winter isn't over yet, and some of these items will be helpful to deal with similar or other winter issues that may come up. + +&#x200B; + +&#x200B; + +&#x200B; + +\> + +\> + +\> + +\> + +\> + +\> + +As the artic weather came in and quickly started freezing any water from the rain earlier today, when I came back from work I came to my front door and window seeing thick chunks of ice that goes up to the roof. The bottom part of it extends close to 3 inches from my door. + +So I'm in the middle of this frigid windy weather trying to figure out how to melt/destroy enough of this ice so I can get close enough to my door lock, so I can open it and get inside my house. + +I can't wait anywhere overnight, a hotel is expensive at $65 so not an option, and I don't have a car to stay in, so I NEED to get this ice out of the way, despite the dangers of the weather hazard. A side effect of not making enough to save. + +I already wasted money looking at advice from somewhere else suggesting to use diet soda (diet coke specifically,) brought a 2 liter and poured it slow, didn't do much of anything in getting through the ice. + +I have to find a way to get this done quickly. Things are getting worse and there are only two businesses open in my area now: a McDonald's, and a Exxon gas station with a convenience store. + +The McDonald's closes in less than couple hours and the Exxon closes a couple hours after that. When the McDonald's closes I'll not have access to wifi and will have to waste my phone data. So the quicker the better. + +**I have $10.35, what are affordable items I can buy that are likely to be sold at the gas station (has similar stock as a convenience store) that I can use that can remove/melt the ice so I can get to the lock on my front door, and get into my house?** + +Also to point out, **I can only be outside 10-12 minutes at a time** before I have to go back and warm up. Even with my thick coat and cap this wind cuts through it like it's a windbreaker. So the solution has to make progress. + +Everything else is closed so this is the only option I have. I need to get through this ice to my door lock. Anyone who knows what to use to melt ice I need your help! +Let me preface by saying I know next to nothing about economics and how the job market works. But this question has been bothering me in the back of my head...ever since early summer, when we heard that the increase of jobs in May was only because of the survey people hired *temporarily* to do this year's US census. Is creating construction work not just a temporary bandaid? I'd appreciate any explanations, thanks in advance! +Over the past 12 months I've spent $22,749. That is 0.5% higher than the previous 12 months, when I spent $22,631. So for me, inflation hasn't had a huge impact. + +The biggest drivers for me were groceries (up 13%), and pet expenses (down because my dog got sick last year but not this year). I own my house, so no rent hikes. + +With all the talk about inflation, I'm curious how it's impacting other people in this community. What was the change in your spending this year vs last? And what were the biggest drivers? +I've been interested in FIRE from pretty early on in my career. I worked in Insurance/Finance and while I'm good at it, I am not passionate about it, and I have a lot of hobbies that I can easily devote 100+% of my time to. + +The company I was working for laid me off yesterday, and while my true FIRE number is a bit higher than where I'm at today, I have enough to take a very long break or to supplement my savings with side-gigs or part-time work. For some detail, I began my career making $63k+10% bonus in Feb 2012, and fairly steadily increased my income to $210k+20% bonus+RSUs by 2021. I'm currently 34. + +I'm looking forward to being able to focus full-time on my hobbies as well as to connect more with friends and family (I haven't been terrible at this, but I could do better). I enjoy climbing, chess and running, and have a few goals related to those hobbies. Rough goals are: + +-Climb a 5.13 by the end of next year (currently ~12c, but have sent 12d within the past few years) + +-Place well in the U1800 section at the World Open in 2023 (I won U1500 at the North American Open and tied for 4th in the North American Open within the past 2 years) + +-Run a trail 50k next year + +I used to stream on twitch for SC2 before I began my career (back in 2012). I'd love to be able to supplement my savings with some income through that, but have no concrete plans at the moment. Perhaps there's still space for some chess content :) + +The numbers: + +Assets: + +-50k Cash (TBD on how much I want to keep in cash vs. invested at any point in time) + +-400k Brokerage Account + +-200k 401k + +Debt: +-350k Mortgage @ 2.8%, home is worth ~525k + +Expenses/Budget: + +-1,000 for home costs net of rent (I have two roommates and have room for a 3rd if I need to cut back expenses) + +-350 groceries + +-150 eating out + +-250 phone bill/gym membership/car insurance + +-150 gas + +-TBD Health Insurance + +Assuming health insurance ends up being $300/mo, this puts me at 26,400 in necessary expenses every year. At a 4% withdrawal rate on my more liquid accounts, I have 18,000 to work with. So technically not quite FIRE, but I only need to make 8,400 doing to cover those costs, plus maybe 2-3k to cover things like vacations, entertainment, replacing outdoor equipment, etc. + +I'm excited to see how this goes. Worst case scenario I'll have to take a huge pay cut (probably still >$100k) and return to work in a few years. I'll make some follow-up posts here in the following years! +I own three rental properties with a total value of $400K. All three are rented, bringing in a gross $45,600 per year in rent. From that, I have to deduct property management fees, property taxes, insurance, and miscellaneous maintenance costs. So I estimate that my gross is closer to $35K/yr before taxes, $25K/yr after taxes. That's about a 6.5% return on my investment. The properties themselves are not located in an area where I expect the prices to increase in any significant way. Over the next 10-20 years, the properties will require more maintenance costs and get less in rent relative to current numbers. + +On the other hand, VGSIX (the Vanguard REIT) has returned over 10% since it was started in 1996, and returned over 7.7% per year in the past 10 years. If I were to have invested my $400K in VGSIX, the 10% growth in the first year would be added to the invested amount and compounded the next year. Any money that I get from my rental properties is cash in pocket, which is nice, but I need to invest it in something to compound the growth. Also, rental income is taxed as ordinary income while I could lower my tax cost on the REIT by holding onto it for more than a year and paying long term captial gains rates on it instead of ordinary income rates. + +As far as I can tell, it makes more sense to put my money in VGSIX than into real property. There's less paperwork and hassle, no tenant or property manager issues, etc. And the net returns appear to be higher, so I get more money for less work. + +What am I missing? +I'm in a super small town that is surrounded by 4 growing cities. Im my eyes, this town is perfect for development because it has the best of both worlds. It's 40-50 min away from a top city and good jobs but still rural enough that there is a lot of farmland and outdoor recreation activities. The schools in this district are also very good compared to the rest of the state. + +I see it as the perfect town for well-paid zillenial parents that want to prevent their kids from becoming iPad Zombies. My background is in marketing and entrepreneurship so I am confident in being able to articulate the value to the target customers. + +The town itself has not seen any development in the last 20 years except for a new 50 house subdivision being built along with additional capacity added to the sewer system. The political players needed to get the project done are aligned with vision or can be removed. + +There are 6 key plots of land that are available for purchase: 100ish acres for around 14-16m USD. The land is in an ideal spot for a downtown commercial development as well as additional housing needs. + +&#x200B; + +I've always fantasized about wielding total control over a town but never imagined a scenario where I could see it playing out so clearly. Yes there are tons of risks but on general i think this could be a solid opp. + +&#x200B; + +If you were in your 20s, had access to capital, and the willingness to devote the next 20 years to dominating a town, would you? +I'm 22 and have about $40K in savings, I'm still at uni and living out of home in a state I don't see myself being in for longer than 18 months, and I sure as hell don't have enough to buy a property. I'm nervous about putting money into ETFs due to my experiences as a child growing up post-GFC and I can't afford to lose all of it/the volatily that comes with an investment like that. However I don't want to lose all my cash in inflation! Any suggestions? +Hi guys, please let me post this here, and if there is any advice pls comment below. + +TL;DR: Recently I have transfer money to a wrong account in a different bank (CBA to Adelaide Bank). The amount is low 5 figure. And the recipient refuse to pay back the fund. + +Here is quote from the bank: + +“Unfortunately, the recipient customer has refused to return the money. + +What you need to do + +With your permission, we could make further efforts to recover the balance of the money transferred using the trace and recovery process. We cannot guarantee this would be more successful as it depends on the recipient consenting to the repayment. Also, there are fees associated with this process which you will need to consider when determining whether to pursue this option. + +Alternatively, you could seek independent legal advice to find out whether you can recover it another way. + +When transferring money electronically via the internet, please ensure that the money goes to the correct account by checking the details you enter carefully before confirming the payment. + +Please note no Bank fee has been charged for the attempted recovery.” + +Man I’m so sad. Money that I have worked hard for, and it is supposed to be sent to a family member in need. If you have any advice on what I should do, please comment. I appreciate it. Thanks +I’m soon to hit $100k in VDHG (the only stock I own). Have decided against property for the next 5-8 years and am basically putting all my savings into it from here on out (aside from my emergency fund). + +The common advice on here is to keep things simple with VDHG and not to worry too much about optimising things like MER/fees with amounts less than $100k. + +What would you do in my situation after hitting this milestone? Continue trucking along with VDHG or consider DIYing with the underlying funds from here on out? Or something else? + +Any thoughts / perspectives really appreciated!! I’m leaning towards just sticking to VDHG as I value simplicity and have really enjoyed not being able to tinker (especially during COVID), but am increasingly concerned about the higher fees of VDHG and want to make the right long term decision. +[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 am mid-40s with a pension pot of only £50k due to starting only when it became mandatory. I'm putting away just short of £1k per month - this is 9% of mine and 6% company. + +I am married but my wife has no pension to speak of except government one. She has no concrete plans to return to paid work or save for a pension as she runs a craft business with minimal income. I am mostly supportive of this but would like to see her save some kind of pension otherwise it's all on me really. + +My pension company estimates an average of £20k per annum but could be as low as £10k or as high as £40k. We would not have a mortgage any longer. I earn about £90k including bonuses. Starting to stress that this will not be enough. + +I just need to understand if I'm worrying unnecessarily. +In summary, this portfolio would spend a small percentage of its equity exposure every month buying 2-month put options that are about 30% out-of-the-money. After one month, those put options are sold and new ones bought according to the same methodology. The number of put options is determined such that the tail-hedged portfolio breaks even for a down 20% SPY fall. + +This article below applies the strategy and does a stress test for a 20% downturn. + +https://thefelderreport.com/2016/08/15/worried-about-a-stock-market-crash-heres-how-you-can-tail-hedge-your-portfolio/ + +If you look at the inputs to the calculation, Everything makes sense, except for the way he forecasted Imied volatility-he added 10 points to the VIX- does anyoane know if this is a good way to do it? +I'm seeing debates around whether Ryan Cohen or the company would be the catalyst and why that would or wouldn't be the case. + +This is just my opinion, but I feel like the most important factors are being sidelined. + +Ryan Cohen has duties to both his company and its shareholders, the people who invest and have a stake in it. One of the arguments people make is that his job is only to turn the company around and so he can't be relied on to allow MOASS to happen. + +My response to that is in two: how can the company fulfill its ambitions without shaking these detrimental short positions, triggering MOASS, and how effective would the company's comparative transition be without MOASS? + +Overstock struggled for years waiting for aggressive short sellers to close their positions. The SEC was complicit. Eventually, they take matters into their own hands, issue dividends, shorts get squeezed and the stock is thriving to date. They couldn't grow without this happening. + +I'm sure Cohen and his new board are thinking this same way. Shorts must close their positions for GameStop to succeed its potential, and until then it's a heavy burden on the company's growth. In this same vein of thought, Cohen's duty also involves protecting the company's shareholders from predatory, illegal practice, where possible. GameStop is already cooperating with the SEC, awaiting updates, so hopefully this is in motion. + +My second point is triggering the MOASS would be the single greatest tactical decision a company could make. Not only is the stock going to drive insanely high which is good for its inside shareholders (don't forget many of whom have left top executive positions at Amazon and are getting paid *exclusively* in equities), but it would create millions of loyal, newly minted global customers who are going to have your company exceeding earnings expectations every single quarter. Apes are already doing this *without* millions of disposable income. + +A forecast of constant quarterly business growth and high employee and customer satisfaction for the foreseeable future is what any chairman and board - especially one in their first few months - could ask for. + +Of course GameStop can turn around into the e-commerce behemoth it is in front of our eyes without MOASS, but just try to imagine the astronomical reach **with it**. I'm positive the board are as aware of this as they were when they signed the contracts to agree they'll be paid solely in equities. + +You add these to the teases we've had from Ryan Cohen and GameStop's social media, and I don't see how it could be construed the company could prevent or have no reason to trigger the MOASS through some kind of corporate action. They know what's happening as much as apes which is evident from the cryptic nods. + +Of course, this says nothing about the potential dates; it isn't until it is. + +Power to the hodlers. + +💎🙌💎 +🚀🚀🚀 +Listen , I bought at 69k , and my portfolio is down a lot to say the least . But hear this : + +Look at us now . We are at 35 thousand per coin. We have proven to the world the value of decentralised money . Look at every other time bitcoin peaked , and then it went down after . This is just the same . However if our low this time is 35k , or even 30k , or even 20k .... how high do you think this thing is going to shoot up to if that's what we start from ? + +Take it from me , i'm at a major loss . Just be patient . Well done BTC , i'm proud of you . Thank you for teaching me life lessons via this ride . +I'm a long time lurker, but I was inspired by [u/PoppaUU](https://www.reddit.com/user/PoppaUU) recent post: **Love/Hate for FI** to share my own story, as like many other people on the forum it does feel that those within a more 'normal' range do not share their experiences/plans to the same degree as higher earners. + +Now I'll certainly admit that my situation as shown below is likely above the stated average of 30-90k from PoppaUU's post of what is considered 'normal' but I still hope those within the more typical income ranges (not \~300K/year; not that i'm disparaging those in this range doing fire: it can just be hard to relate to those posts.) can find something to relate to: + +&#x200B; + +**My situation:** + +I live in a MCOL area. I'm married to a wonderful spouse who is very supportive of the FIRE mentality. We were both frugal ppl to start with so adopting a FIRE mindset has been relatively easy for us. I only officially stated us down the FIRE path about a year and a half ago. + +We have one \~2year old and a 2nd one due in the summer. My spouse works from home a couple days a week for their parents business. I also contribute my time to that business a couple evenings a week after my kid is asleep. I consider this our side hustle atm, though we really see it as in investment as we hope to build the business to a point that it can support all of us. + +&#x200B; + +Income: (Pre tax) + +\-Household base income: $128.6 K/year\*\* + +\-The company has a SPP I take full advantage of this and wait a year before selling. (assuming stock doesn't move in 1 year period this adds \~1.4K) + +==> \~$131k/year total pre-tax + +&#x200B; + +\*\*Note: This is my base pay with 'expected' bonuses, the bonus's the past couple years have outperformed their expected bounds and company stock maturation this will often push this a little bit higher as well. I didn't originally show this as I was hoping to keep the post relatively simple and somewhat vague for privacy reasons. Yet some users rightfully noted the numbers were not adding up. Again, to keep numbers simple I included an additional line item in 'general finances' to capture the influence of these on my effective 'true' income. I recognize this is hand wavy and won't satisfy some, but I don't intend to expand as at that point I'd have to publish my full finances, which I'm not inclined to do. + +&#x200B; + +**General Finances:** + +Without going into too much detail we spend:\~$5,120 a month ($61,500/year) on our bills/needs, hobbies, and mortgage (Monthly breakdown below). + +&#x200B; + +The mortgage (and the additional principle we pay down every month) accounts for nearly half this quantity at $2450. We purchased the house at a great time in the market (2013) but was still at our upper price range at the time. If I was more cognizant of the FIRE mentality when we purchased we likely would have gone for something smaller. (though I do love our neighbors, the schools are great for the area, and the location is also great) + +We have some fluff in the budget for sure (like a pet 'health' plan for our two dogs that I intend to get rid of (1,200/year), and a whole life insurance plan on my wife ($1700 a year), that I'm rethinking) + +&#x200B; + +\~$9k Taxes paid: With tax advantaged investments (see below) and child tax credits + +\~$11K towards health plan, SS, medicare etc. + +&#x200B; + +==> \~$111K/Year true Base income + +==> \~$4K in SPP/RSU/bonus growth + +&#x200B; + +**Investments:** + +$19k max into 401(k) + +$5k Employer match in 40(k) + +$6k max into spouses Trad IRA + +$6k max into my Roth IRA + +\~$22.5k remaining invested through the year in non advantaged accounts + +&#x200B; + +==> $58.5K/year investment + +&#x200B; + +Sorry if all the numbers don't quite add up, I did a fair bit of rounding from my master sheet and didn't double check that the figures here line up + +&#x200B; + +**FI Plan:** + +My current retirement goal is $44k/year at 3.5% CAPE adjusted SWR. This puts my investment goal at \~1.3M. At my present state that puts me \~12years until FI. I'll likely work a bit longer to pay for my kids college education and this will put me around 45 for retirement. This will align with when we have the house paid off as well. + +&#x200B; + +**Debts:** None, other than the mortgage. Cars are paid off + +**Current invested assets** \~$200K + +**Cash on hand** \~$20K (emergency and investment opportunity fund) + +&#x200B; + +**Edit1:** Corrected some of my rounding from my master sheet so the math on here actually works + +**Edit2:** Including monthly expenses due to requests + +&#x200B; + +**Typical Monthly costs:** + +Mortgage: $2450 + +Day care (2x week): $450 + +Groceries: $450 + +Utilities/Internet: $300 + +Life Insurance: $205 + +Home Supplies: $200 + +Gas/Fuel: $130 + +Eating out: $120 + +Pet Insurance: $115 + +Auto Insurance: $100 + +Entertainment: $100 + +Home maintenance: $100 + +Phone: $70 + +Hobbies: $60 + +Health/Fitness: $40 + +Clothing: $30 + +Other/Typical overages: \~$200 +Some new details were found in the LFG audit that they just did. + +> This bombshell data, collated by the anonymous researcher Cycle22 who discovered the Hodlnaut insolvency), reveals that TFL suddenly began furiously dumping hundreds of millions of UST only days before the depeg. + +https://preview.redd.it/02da5ej7u94a1.png?width=1666&format=png&auto=webp&s=f11cd2916d7b877a1cb276f5d778d23fe3b30f00 + +TFL has been saying that the UST depeg was caused by a third party attack, but this data proves otherwise. + +>Oh, and how do we know it was TFL that dumped all that UST? They accidentally admitted it in their own audit. People can lie, but the blockchain can't. + +[These are there wallet addresses](https://preview.redd.it/tyon7t1yu94a1.png?width=502&format=png&auto=webp&s=7d0fcff2dec4ac8cd42186741cfd6a6e7113eaa2) + +Here is a link to the audit for anyone interested: [https://lfg.org/audit/LFG-Audit-2022-11-14.pdf](https://lfg.org/audit/LFG-Audit-2022-11-14.pdf) + +Credit to [Fatmanterra](https://twitter.com/FatManTerra/status/1600091474682486784) on twitter for sharing, and be sure to go read his post with greater details. +The uneasy consensus here in this sub is that markets already bottomed in March and that the recent recovery is not a dead cat bounce. However, a sizeable minority of the sub is still bearish. Is this what the recovery from the 2008/2009 crash felt like in 2010 and 2011? Were as many bears back then as there are now who seem to think the market is going to plummet yet again? +&#x200B; + +***Quarterly Options*** + +They fall on the 3rd Friday of January, April, July and October. This year, that lands them on January 15th, April 16th, July 16th and October 15th. + +&#x200B; + +***Now, we play...*** + +* C+35 = Current Trading Day + 35 Calendar Days +* T+2 = Current Trading Day + 2 Trading Days + +&#x200B; + +***But first...*** + +[https://www.sec.gov/edgar/filer-information/calendar](https://www.sec.gov/edgar/filer-information/calendar) + +"The EDGAR system will not receive, process, or accept filings in observance of the following federal holidays. The SEC mailroom that receives paper filings will also be closed. However, EDGAR filings that have already been posted to the website will be accessible as usual." + +&#x200B; + +***January 15th, 2021*** + +C+35 from January 15th would have been February 19th, however there were 2 Holidays in this time period: January 18th and February 15th. That means in reality we need to count 37 Calendar Days which places us on the 21st. That's a Sunday so in actuality C+35 for this time period falls on February 22nd. + +T+2 from February 22nd is *February 24th*. + +&#x200B; + +[Ryan Cohen's Tweet from the morning of February 24th, 2021](https://preview.redd.it/5xsnvlnmbri71.jpg?width=1057&format=pjpg&auto=webp&s=e2228e746654fba2a9dcb23b877767130527c2d2) + +&#x200B; + +***April 16th, 2021*** + +C+35 from April 16th is May 21st. There were no Holidays during this time period. + +T+2 from May 21st is *May 25th*. + +&#x200B; + +[Ryan Cohen's Tweet from the evening of May 24th, 2021](https://preview.redd.it/bnz81oiuhri71.jpg?width=1080&format=pjpg&auto=webp&s=921d21902174f2c5aaaa768d28b03071b0718fdf) + +&#x200B; + +***July 16th, 2021*** + +C+35 from July 16th is August 20th. There were no Holidays during this time period. + +T+2 from August 20th is *August 24th*. + +&#x200B; + +***So what does this mean for August 24th and the days that follow?*** + +Sometimes the best way to see the future is to look towards the past. February/March below. + +*(Note: I'm using these next 2 photos from a previous DD of mine that can't be linked here. Yes, I'm graphically inept and I didn't feel the need to make new images as I believe they are good enough for you to follow along and make your own conclusions.)* + +&#x200B; + +[Lower volume leading into the February 24th Spike, a period of consolidation and our March run-up.](https://preview.redd.it/vyfijn3vtri71.jpg?width=1175&format=pjpg&auto=webp&s=29821ec815222235aa75c6035b42fdd30736eb84) + +May/June below. + +&#x200B; + +[Lower volume leading into the May 25th Spike, a period of consolidation and our June run-up.](https://preview.redd.it/f5kivmm2vri71.jpg?width=1179&format=pjpg&auto=webp&s=5799b00efad985bec68b8b0d17b481b3f26586bd) + +***So what does this REALLY mean for August 24th and the days that follow?*** + +&#x200B; + +[Sorry Low Volume Guy. I expect you're going to be out of a job very soon.](https://preview.redd.it/nr3od0pfxri71.jpg?width=1080&format=pjpg&auto=webp&s=7a0c72168372e9e491edf4d58128cf5565caa98a) + +TLDR: Seriously? There's almost more pictures than words. I'll just say this. I think you all are going to enjoy September. Well, you know, those of you reading this who aren't on the short bus anyway. +Let me guess, after quadruple witching failed, you guys all went to sleep during the weekend thinking this week our lambos and teslas will be printed by the end of this week huh? + +Let me guess, you also couldn't wait for this coming monday to huh? thought it was going to be blooody monday huh? + +Let me guess, you had one or even two circuit breakers planned for Monday huh? + +Let me guess, those so called 'diamond hands' you have are starting to deteriorate into 'paper hands' + +Let me guess, your asshole is clinching every time you look at your portfolio? + +Do me a favour... GROW A PAIR YOU FUCKING PUSSY. You think we came this far to fold? From getting fucked quadruply from witches left right and centre, getting fucked by the stimulus bill every week, getting fucked by retarded bulls week in and week out. You think we're here to fold? YOU THINK WE CAME THIS FAR TO SELL BEFORE APRIL? + +**ARE YOU DUMB OR ARE YOU DUMB?** + +do me a fucking favour, go to the closest mirror thats in your vicinity, loook in the mirror and slap yourself so hard that theres an echo in the room. Slap yourself so hard so you realize that your not drunk, its the markets. We will wait for the markets to sober up, we will wait when the president shuts down the whole country, we will wait when the unemployment numbers come out, we WILL follow suit with italy's economy and europe's economy (unfortunately), we will have more cases and panic.. this fucking list goes on. + +**BIG RALLY = BIG FALL** + +Remember, it doesn't matter how much money the feds offer coronavirus, the ronazz will keep on taking. We gave that bitch TRILLIONS and she still wants more? Us fucking bears realize that whatever amount of money we offer the ronazz it wont be enough. the ronazzz wants the WHOLE FUCKING WORLD, not a couple of trillions. SMARTEN UP BEARS. You weak bears are embarrassing us running around this forum crying that your puts are down. + +ANY SPORTS BETTORS OUT THERE? + +Sports betting (live odds) = options trading, IMO. Except live odds are priced in with time decay, and the greeks priced in with point spreads, better qb, better coach.. etc for sports. lets play football NFL for example: + +**APRIL PUTS BAG HOLDERS WE ARE IN THE FUCKING SUPERBOWL RIGHT NOW** NOT MAY HOLDERS OR JUNE BAG HOLDERS. WE ARE. APRIL FUCKING HOLDERS. + +WE ARE ONLY IN THE FIRST QUARTER. FIRST HALF. NOT EVEN IN THE SECOND HALF YET. + +The fucking superbowl **HALF TIME SHOW**(country lockdown, unemployment numbers, aggressive testing, supply chains disruptions, earning and sales) **HASN'T EVEN FUCKING STARTED YET** + +**HOLD THE FUCKING LINE.** + +**TL/DR** bears panicking right now, do me a ANOTHER favour, go to the fucking washroom, open up this link [https://www.youtube.com/watch?v=9ikSfs9LETc](https://www.youtube.com/watch?v=9ikSfs9LETc) and stare at the mirror and follow what hes doing in the song. BEAT YOUR FUCKING CHEST HARDER AS THE SONG PROGRESSES, HUM LOUDER, BELIEVE HARDER AND STOP BEING A FUCKING PUSSY AND .. + +**HOLD THE FUCKING LINE.** + + + + + + + + + + +EDIT#1: positions like a true fucking retard IM ALL IN BITCH + +[https://imgur.com/put52tZ](https://imgur.com/put52tZ) + +[https://imgur.com/FABUomU](https://imgur.com/FABUomU) + +IT DOESNT GET MORE RETARDED THAN THIS BOYS. 2k -> 37k -> 11k. IM NOT FUCKING SELLING + +**HOLD THE FUCKING LINE. SCARED MONEY DON'T MAKE NO MONEY. DIAMONDS FUCKING HANDS.** + + +EDIT#2 so much vaccine talks/cures. let me tell you something. I was alive when sars got introduced to the world. CV is even worse. they are both from the same family, the same strain. if we had a vaccine or a cure or something to suppress its rapid growth, we would have it by now and we would be working on a vaccine towards CV. reality is, they don't have one. everything is trial and error right now. clinical research trials takes years to produce and test. they are not going to come up with a vaccine before summer. stop being naive. look at the hard core facts with sars. there is no cure. + +EDIT#3 AS OF 2:22 PM (LITERALLY 3 MINS AGO) **The number of confirmed coronavirus cases in the U.S. has surpassed 50,000, or 12.3% of all known cases worldwide** +I saw a post here yesterday about someone that quit their job to day trade full time. +Probably a dumb question but does anyone on this sub actually successfully trade full time and it’s their only or main source of income? If so what are you trading? I’m currently in school for something unrelated to trading/finance but want to continue to hone my trading skills and (hopefully) eventually be able to do it full time. What does it take in terms of account size, experience etc. +Do you trade several equities/indexes or only a select few that you watch regularly? + +If this is a dumb question I’m sure mods will remove it but thanks to anyone that could provide insight. +Everyone says controlling your emotions is a huge factor in trading. + +So why arent more people automating their strategy to eliminate emotions? + +A computer can follow the rules, set profit targets, stop losses a lot better so what would be the downside? +Here's why this "Pizza Inversion" happens exactly at 62500 USD per bitcoin: + +On 22 May 2010 Laszlo Hanyecz from Jacksonville, Florida, settled the purchase of 2 pizzas for 10,000 BTC on bitcointalk.org [1],[3]. The value of these 2 pizzas together was 25 USD [4] (and not 41 USD by the way, as often erroneously reported in various sources on the internet with reference to [2]. But what is relevant for the legendary pizza purchase is only the real-world value of these two pizzas and not the BTC exchange rate four days earlier on an unrelated BTC exchange). + +**On 22 May 2010:** +10000 BTC = 2 pizzas (each pizza having a market value of 12.50 USD) +--> 10000 BTC = 25 USD +--> 1 BTC = 0.0025 USD = 1/4 cent + +**On Pizza Inversion Day (13 April 2021):** +10000 pizzas = 2 BTC (each pizza having a market value of 12.50 USD) +--> 125000 USD = 2 BTC +--> 62500 USD = 1 BTC + +**Fun facts:** + +- Bitcoin's increase in value from 1/4 cent to 62500 USD corresponds to an ***increase by a factor of 25 Million***, or an increase of +2,499,999,900 %, i.e. ***2.4999999 Billion percent***, or ca. +370 % p.a. on average within this ca. 11 year period. + +- Today, the 10,000 BTC are worth 625 Million USD. + +- For number mystics: The time between Pizza Day (22 May 2010) and Pizza Inversion Day (13 Apr 2021) is exactly 3826 days. This is 2 times 1913. In the year 1913 the [FED was founded](https://en.wikipedia.org/wiki/Federal_Reserve_Act). + +----- + +References: +[1] https://bitcointalk.org/index.php?topic=137.0 + 18 May 2010, Laszlo starts the thread "Pizza for bitcoins?" and offers 10,000 bitcoins for 2 pizzas. +[2] https://bitcointalk.org/index.php?topic=137.msg1146#msg1146 + 18 May 2010, ender_x writes: "10,000... Thats quite a bit.. you could sell those on https://www.bitcoinmarket.com/ for $41USD right now.." +[3] https://bitcointalk.org/index.php?topic=137.msg1195#msg1195 + 22 May 2010, Laszlo writes: "I just want to report that I successfully traded 10,000 bitcoins for pizza." (plus link to photos of the two pizzas) +[4] https://bitcointalk.org/index.php?topic=137.msg1526#msg1526 + 18 June 2010, Laszlo: "I will trade 10,000 BTC for 2 of these pizzas any time as long as I have the funds (I usually have plenty) [...] The exchange is favorable for anyone who does it because the 2 pizzas are only about 25 dollars total" --> with "2 of these pizzas" he clearly referred to the pizzas he purchased 4 weeks earlier, on 22 May 2010 +We have tried everything to get the right to vote (trust me), but ING Germany does not give us the right to do it. (see here: https://twitter.com/ING_Deutschland/status/1397165409028214785?s=19) + +But there is still hope - I saw a post from a fellow Ape that Avenza (one of the Swedish brokers) will mark all shares of GME with a non-vote broker. (see here: https://www.reddit.com/r/Superstonk/comments/nm39ni/breaking_the_swedish_broker_avanza_will_finally/?utm_medium=android_app&utm_source=share) + +So u/Heflay asked ING to do the same so that all shares are counted by the Apes in the Annual Shareholder Meeting. +But they (ING Germany) said that the company (GAMESTOP) will have to ask itself to mark their shares with a "non-vote broker" label. +Please spread the word about this. Maybe GME will see this and respond to help the ING Apes from Germany. + +Thank you + + +Edit 1: +Some Apes in the comment section also had the idea to send a request to investorrelations@gamestop.com +and asking them to contact ING Diba. +Do this. Maybe this could make things also easier. + Modesty is a virtue. Greed is not. + + I’m not a greedy guy and when I entered the crypto world I never thought about how to make a million dollars with $1,000 of investment or anything like that. + +Unfortunately I was working some jobs where I was humiliated, oppressed and worked for a small salary. I had no choice, I couldn't find a new job and I endured it all because I had to pay the bills and I had to eat. + +Every day of that job was a mental terror for me. The boss was a jerk, the colleagues were bad people. The company itself is bad. + +After a year when I found a new job I quit right away without thinking and I can tell you that I now work in a great company with a solid salary for the standard of living in the country where I live. So nothing special, but at least I don't have to cope with "mental terror" anymore and the team I work with is full with amazing people. + +I want to insure/secure myself, my family and my PRIDE with cryptocurrencies. I never want to be in a situation where I have to endure all kinds of situations again because I have no choice and I hope that crypto will help me in that. + +We never know what life will bring us tomorrow, but one should always have a backup plan. My backup plan is crypto and that is my hope for a better future. + +If I can make a lot of money, great. If I fail, I have invested as much as I can lose and I will not fail financially. + +This is my backup plan, never again I will be hummiliated and take all kind of sh\*t from bad people who are not at my level. F\*\*k them. +I'll try and keep this short. I come from humble beginnings, and fortunately have now done well for myself financially. None of this would have been possible without my parents, and I'm at point now where I want to share in that and "spoil" them. They live modestly, and I'm very aware they had it tough (financially) raising us. + +They have lots of life left to experience and I want to assist in that. I'm having a tough time deciding the best way to do this, and in a way that they'll appreciate the most. They're independent, and don't truly need/want anything from me. For those that have done it - what gives the most happiness/smiles per $ spent with the parents? + +Budget is \~$50,000 and options I'm considering: + +\- Pay off the mortgage + +\- A couple paid for trips to nice places (Hawaii, Cape Town, etc.) + +\- An amount to spend for hobbies, etc. + +I'm all ears. Maybe the answer is to not spend a lump-sum but share in the wealth over a period of time. Thx in advance. +It's an odd question, but are there any thoughts on taking a job where my job description is completely misaligned with my duties and responsibilities? + +I worked temporarily in one area of my company and I enjoyed the job, they enjoyed the work I did and wanted to hire me. Company policy stated that for my role they couldn't spend more budget, only for certain roles that the company lacked. + +We drew up a job spec therefore to meet this new role, although the job title says one thing the role is considerably different. + +Edit: THread is being downvoted. Please help me post better by letting me know if I've broken rules or formatted it wrongly. + +Any thoughts on this? Is this a terrible idea to take the job or does it not really matter and I'm overthinking it? +Hello, + +I'm 25 and still live at home. I would say at this point, it's a choice. I work in IT, make 46k/yr in the Midwest, and hone my skills often to increase my income potential. Car is paid off, I have no loans from my degree, and no credit car debt. + +While living at home, I've been able to stack away 20k in retirement and currently have 45k in savings, I plan to invest 20k of that once the market drops more and ride the recovery. The financial incentives of staying home are fantastic, but I'm reaching a point where it no longer feels worth it. + +I'm the youngest of four, my mom treats me like it too. She expects me to text her every time I go somewhere including work and let her know I got there safely, she even wants me to do that if I'm on a date or something (dating is tough when living at home as is) and it just hits my self esteem and confidence hard. She also takes it personally when I want to make my own dinner (with groceries I bought). + +I feel like I should be on my own at 25, I feel suffocated living in BFE when I could be living in a decent apartment not far out from good cities. I know that's dumb financially, but I feel like I've reached a point where the financial benefits are no longer enticing. Should I stop riding this out? +# 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) +The trade tussle between China and Australia has taken a dramatic new turn. Chinese buyers of apartments in Sydney and to some extent in Melbourne have suddenly reduced their buying. + +Early in the year, when COVID-19 was ravaging China, there was a sharp reduction in the Chinese apartment buying. But in March, as the crisis eased, Chinese buyers returned in significant numbers in Melbourne, Sydney and Brisbane, despite the threats from the Chinese ambassador. While the buying is being executed by locals, they have close links to those on the Chinese mainland. + +But suddenly, as the crescendo of controversy over Australia’s role in calling for an independent investigation of COVID-19 intensified, the Chinese buying was curtailed. Last night the owner of Australia’s largest apartment owner and builder, Meriton’s Harry Triguboff, confirmed that the Chinese buying had fallen off. + +No one can be sure but it would seem that this is a third warning shot for Australia following the hold up of meat from four abattoirs and the 80 per cent tariff on Australian barley. + +But apartments are different because the buying is driven by individuals, often linked to local Australians. Significantly the buying has not stopped, but reduced. + +That April buying also led to optimism for the long-term future for Chinese students studying in Australia. The latest fall adds to extra risk in our tertiary student sector. + +First home buyers hit + +The contraction of Chinese buying comes at a bad time because Australian buyers, and particularly first home buyers, our now only token players in the market. + +At the start of the year and they were strong but the jobs impact of COVID-19 has been severe. + +While Meriton is continuing with projects already started, the great inner city apartment building boom in Melbourne and Sydney is now well and truly over. To restart it will require a whole new approach by regulators and state governments to slash the costs that they impose. There are some signs that NSW has finally woken up but it has taken far too long. + +Meanwhile the value of apartments has fallen markedly and COVID-19 restrictions have substantially reduced the ability of Australians to pay rent at the levels they once had. + +In many areas of Australia, led by Sydney, rents down about 20 per cent in apartments and many cottages. If rents stay down, this will build up selling pressure from those with highly leveraged investment properties who are currently benefiting from banks not foreclosing. + +Many Australians have been unhappy about the upward pressure the Chinese buying has exerted on dwelling prices. The withdrawal of Chinese buying plus the multitude of other forces is causing banks to forecast a minimum of a 10 per cent dwelling price fall. Such a fall will cause those Australians who bought at the peak and have high mortgages to suffer. + +A troubled relationship + +As readers will be aware I have a different view about the China situation to the current politically correct version of events. + +First prime minister Scott Morrison was right in sticking to his guns in demanding an international inquiry into the causes of COVID-19. Despite pressure from the Chinese, his global initiative will have increased our international reputation. Paradoxically this is confirmed by the somewhat irrational and angry outbursts of the Chinese Australian ambassador. + +But what’s now important is that we are much more careful about how we handle the Chinese situation. We are dealing with a country that would defeat the United States in a sea war according to a series of “eye-opening” war games carried out by the Pentagon. + +And China is a country that now recognises this new military power so is becoming increasingly aggressive towards its neighbours. + +For Australia it’s one thing to demand an independent investigation of the COVID-19 origins and another to constantly demand China become more democratic and treat its population differently. + +Past ALP and Coalition leaders have performed badly on this front and we are carrying the legacy. + +The relationship between Australia and China is different to that between China and most other countries in our region. + +China depends on Australia for iron ore metallurgical coal and to some extent gas. + +Longer term the Chinese are greatly concerned at their inability to grow sufficient clean food to feed their population. + +That’s why the barley and beef actions may be temporary, although in the Chinese eyes we have to be “taught a lesson” for our “ lecturing ” that started way back in 2008 so more measures are likely. + +We should not forget that China has had issues with Australian meat labelling for a long time. + +China looks to Australia and New Zealand as important food sources and, because of our excellent handling of COVID-19, we have become unique in the world + +If they are allowed, Chinese students and longer term Chinese tourists will want to come to Australia and they are clearly still interested, on a personal basis, in buying property in Australia. + +We are dealing with a more dangerous China than the one that existed five to 10 years ago. Accordingly we must be more professional in how we handle China and it’s really important that we learn the lessons of World War II. We need to be a reliable supplier to boost our bottom line and we must not retaliate by duplicating the supply bans that were placed on Japan. But we can also learn from World War II and have much higher degree of local manufacturing and that requires efficient production of energy as well as lower emissions. + +https://www.theaustralian.com.au/business/economics/chinese-apartment-buyers-cooling-on-sydney-and-melbourne/news-story/915d8ed62ea272abf88aa19ded5e4e87 +They are not designed so that one makes goods decisions. The are designed so one clicks on links and adds. In most cases you are better off reading nothing but financial statements and sector/industry news. + +This is especially true if your looking at mid to long term plays. Statistically speaking most news is just noise (no predictable impact on price) and most experts do not consistently get it right. + +Even when content is written with the investors best interest in mind, the author is still victim biases that are defaults in how we think. + +&#x200B; + +EDIT: Since this posts has some traction I'd like to encourage anyone who is interested to read up on heuristics and heuristics in investing. The psychology of investing is grossly undervalued and much of the best research is used by marketers and product designers to ensure that we act in their best interest and not our own. + +I'd also like to add that while Motley Fool is low hanging fruit, they are far from the only offender. +As the title suggests, I’ve finally paid off my Plan 1 student loan! Not that anybody cares but feels like a huge achievement so thought to share it. Time to up those Vanguard payments! + +Notes:- +£30k loan (fees + maintenance). +Graduated 2013. +Repayments were £285 via DD for the last 2 years +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +Either proprietary trading or retail trading. Since the job market isn't too great and I'm heading back to school for my senior year in a few months I was looking into alternative means to make money. + +I've been investing and swing trading with technicals for the past 3 years and I'm doing much better than I've been since i've first started. But I was wondering if anyone has any success stories with trading equities or FX? I know the failure rate is extremely high but, would it be possible? + +I also do have enough capital to forego the pattern day trading limit as well. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +I’m wondering what everyone’s opinion is on buying back your short call and selling your shares early when the stock has blown past your short strike, and then selling a put. I know there is still premium on the table, but when your call is still 30+ days out it seems like you are waiting for nothing. This happened to me on MRO with a 14 strike. I purchased the shares at 11.50 and have been selling calls for a few months so I have made some good premium. I bought the call back for a slight loss and sold the shares for a gain, then sold a put @14. I’m not disappointed taking gains but I just wonder if there is another strategy that is better. +China just announced they’re forcing state banks to buy stocks. This comes after massive downside following Xi’s speech. Are LEAP puts the play here? Or is it too risky? +Via [bloomberg](https://www.bloomberg.com/news/articles/2022-03-08/one-million-options-contracts-on-biggest-russia-etf-are-in-limbo) (non-paywall link at [archive.is](https://archive.ph/lvCRj)): + +>The suspension of trading in the world’s largest Russia ETF has left the fate of options worth hundreds of millions of dollars hanging. +> +>Cboe Global Markets Inc. halted trading of shares and options in the VanEck Russia ETF (ticker RSX) after the market close Friday as the fallout of the Russian invasion of Ukraine made the fund’s underlying securities practically impossible to trade.  +> +>At the time there were about 1 million options tied to the exchange-traded fund worth roughly $285 million, according to Bloomberg Intelligence. That was the highest level since 2014. +> +>“There’s no way to know exactly how this is going to play out,” said James Seyffart, an ETF analyst at BI. He expects the Options Clearing Corp. to cash-settle the contracts, but if the fund still isn’t trading or hasn’t liquidated by the expiration dates, it’s unclear at what price.  +> +>The clock is ticking, with the earliest contracts tied to RSX range expiring from as soon as March 11 until January 2024, per BI. +> +>A spokesperson for the OCC said it “anticipates that any exercises and assignments of existing RSX option positions will be subject to OCC’s standard processing and should settle in the normal course. OCC will continue to monitor for any changes.” + +https://preview.redd.it/up9ztmw5ekm81.jpg?width=1200&format=pjpg&auto=webp&s=4ba9a02f9c91923da4a338a7e5692d91ed4ecee0 + +>RSX is one of a slew of Russia-focused funds halted on exchanges worldwide in the fallout from the Ukraine war. Sanctions and Russia’s response, including introducing capital controls and temporarily shutting the Moscow market, have made valuing the nation’s securities a tall order.  +> +>RSX was pricing at a premium of more than 500% to its underlying assets when it halted, according to data compiled by Bloomberg. In other words, despite the ETF falling almost 80% this year, its underlying assets are seen to have dropped far further. +> +>It all plays havoc with pricing options connected to the fund. +After the past few months of effort, I felt compelled to share some learning that will have little value to many of you, but perhaps some meaning to a few, newer options traders. + +Ill preface this by saying that although I wasn't new to options trading, I left it a few years back because I had little success. With the drop back in April, I thought I would get back in with the focus being, have Patience and Wisdom. + +Here is what I have learned in my limited success thus far that I believe has value. Again, this will likely not apply to veterans or even intermediates, but newer people who want to have some success, take a lesson. + +Stay away from the Gambling. ie. lottery tickets. Although I am sure there is a place for it, I cant imagine how a person who is new to this and learning can buy straight calls and puts and get the timing and direction right, especially the cheap OTM ones. Yes you can get one right every so often and it feels great, makes you feel like you know what you are doing, and then you do another and loose it to decay or a directional issue. Seems like gambling. + +NEVER REACT in FEAR of FRUSTRATION. For me, I made it a point to never trade in the first hour of the market opening. My biggest issues a few years ago was reacting to quickly, especially in spreads, getting out to soon, or to late. Have a plan to get in, and get out. NEVER react due to that feeling in your stomach because you are afraid you will loose. + +Don't stare at the trading screen or app all day, this will make you question everything you are doing. Again, for those experienced people who are day trading or have strategies that depend on this, that's different. I'm talking to the new guys who are excited to get going. + +UNDERSTAND TIMING. I will add in here that be very wary of any trades you have going around earnings. I dont think the average options trader, buyers especially, understand time decay. Add volatility into this and many times you will loose money even if you get the direction right. + +Finally, For me at least, Selling is the way to go, especially early on. Selling some puts on stocks that you really want to own with the idea of ultimately using the wheel seems the best way to make some money while you learn. Once I felt comfortable there, I allowed myself some spreads, never risking more than 2% on any trade. Now, this may slow down some as the volatility drops, but there remain may ways to make 10-20% off a trade with minimal risk. Get enough of those, and you are getting somewhere. + +No, i wont be a millionaire over night, but i assure you i wont go broke either. + +Beyond that, well, I haven't gotten there yet, not comfortably. Since mid March I am up 120% on a $5K start. I am not bragging whatsoever, I share that simply to say that being patience, wise, and willing to take small gains and minimize risk, I believe this can work out. + +Thanks for letting me get my thoughts out there, hope it had some value to at least one person. +I've been watching some of the top % of gainers very day for the last couple weeks and I've noticed that many of the winners of the day that shoot up 40%+ during the trading day often take a dip of 5-10% after hours, sometimes more, and many of them close lower the next day. I have also found its pretty easy to find out WHY they go up because their tickers will usually be on the news by noon. + +Now obviously, many of them also continue going up after hours, but I've noticed its less than the number that goes down, and I figure you can determine that by technical analysis and the nature of the catalyst that made them rocket in the first place. Im guessing the best time to open a position would be be 20 wish minutes before close (with technical analysis), especially on Fridays, or taking a position at the intraday high, especially if that high is a violent spike upward compared to the rest of the day. + +Has anybody made a strategy out of this? Did it work? Thoughts/ideas? +I'm a changed man. I've been working my engineering job for about ten years now. First job I nailed out of college. I took it even though I didn't want to be in the job location, but accepted it because it offered me the best opportunity for financial gain and legitimate and bonafide career prospects. When I started I was making around $60k, I make about $87k today, not including income from investments and passive streams. + +I didn't want to become a civil engineer originally, but I ended up here. It's a good job, and civil engineering is a good career. My dad was a civil engineer, and when I graduated from business school, he couldn't believe I was going to take a job at a municipal agency and begin the road toward civil engineering. When I decided to go back to school for a Masters in civil engineering, he couldn't have been happier. I sometimes wonder how much of this road I did for him and not myself. + +I've always been a saver. My parents called me Scrooge McDuck when I was a kid because I always saved my allowance and change. I had this giant glass jar where I dropped my pocket change throughout high school through my bachelors. When I graduated from undergrad I had $1,500 in pocket change that I had to deal with. Ended up going to my girlfriends bank who had a bulk change handler, I remember the lady asking me what I was going to do with the money, whether I was going to take my girlfriend on a trip because of the favor. I lied to her, "Yep. That." I didn't. I put it into my Roth IRA. That girlfriend and I broke up many years ago. + +Grad school took a long time, I worked full-time at my municipal engineering job and they graciously helped adjust my schedule to accommodate my university classes. I was inspired by the work and the prospects for high-level community thinking. For building and improving things in a place that needed the help and the progressive vision. I also worked part-time at a video store to help with some pocket money. I paid for both undergrad and graduate school by working a ton, and I graduated debt-free on both degrees and was still able to sock away at the same time. I've been debt free for many years still today. + +The year before I entered grad school, I lost my mother on Valentines Day, she had been hospitalized for nearly a decade with a couple highly rare neurological degenerative diseases, she was in her early 60's. Just a few months after I finished grad school, my father at 67 slipped from a ladder and smashed his head on the garage floor and passed away the day before Thanksgiving. He never retired, which was all the worse because he could have retired, he had plenty to retire on. And even though he always talked about retiring, he never did. I suppose he loved his role in the company. He loved having good insurance as he was fighting an aggressive, but *somewhat* manageable cancer. He had good years ahead of him before falling from the ladder. + +My brother and I received a bit of inheritance. I took all of the money I received and dumped it into long term index funds to help propel me further toward my FIRE goals. I created a brokerage account and began self managing half my investments. Today my net worth is nearly $600k. I'm 35. I max out my 457 (basically equivalent 401k) and RothIRA contributions annually. + +Six months ago I was diagnosed with cancer. The only treatment options were chemo and radiation. I certainly worried about my ability to get to FIRE during that experience. I left work on disability for six months. This time had an enormous effect on me psychologically. More the cancer experience than losing both my parents, even though I was always close to both mom and dad. + +The absolute pure freedom that six months granted, even though I was fighting for most of it and dealing with the side effects from the treatments, the experience changed my life. It empowered me further to get to FIRE. Fortunately, I have good insurance, and I didn't have to touch any of my investments/savings during that time. I made something like $40k in paper gains during that time, incidentally, thanks to the market doing so well recently. The bulk of my net worth is tied up in the stock market within some kind of diversified index portfolio allocation structure. More than that, the free time offered my mind an opportunity to think creatively and brought about new hobbies and experiences. I took a few road trips following the declaration that the cancer appeared to be cleared from my body after chemo/radiation, no evidence of disease is what they call it. We caught the cancer early and with this form of cancer, it can be *curable*. Meaning there's a good chance it will never come back in my lifetime. + +But it changed my perspectives on my career too. I'm not sure I want to be a civil engineer now. And I'm not certain it's because of the career or the employer. But I dreaded, absolutely dreaded the idea of returning to my cushy job. This job does not inspire me. It doesn't make me feel like I'm working toward great ends. It feels like a play-it-safe route with a great paycheck and that's about it. It feels like I'm going to look back after another ten years and I'm going to be disappointed with myself for not investing my time in a worthy cause, for taking a chance at something great. I wake up dreading my work day because I know it'll be tedious bullshit. I applied for another job this Monday, my first day back to work following my disability. I would take a pay-cut, honestly, if it meant I got to work on something I actually enjoyed and with a team of inspirational people. I am certain, though I haven't completely run the math, that I will still reach FIRE anyway with a pay cut. And at my current chushy agency job I'm slated to get two more raises before I tier out, which should put me in the mid-$90K range. But I feel like it's not worth it. Being at this job, and I hope it's just the employer and not the civil engineering as a career, feels like I'm wasting my years. This will be the tenth year at this employer, I got promoted following my Masters. + +I feel jaded right now. Completely uninspired. When I talk to co-workers and they are telling me about their problems, I'm thinking to myself as I'm making eye contact with them, "I seriously don't give a shit about anything you're saying. Fuck this place." I literally was thinking that the other day and completely aware of myself in the situation. And my boss has saddled me with a bunch of bullshit tasks because he got basically nothing done in the time I was away. Everything got horrible here in the work environment. 3 people quit while I was gone (and it's a small department). Projects festered. It's just a complete shit-show. I now loathe this agency. I don't care about its problems and worse to the point is that I'm completely aware and highly in-tune to all these emotions. + +Before cancer I was able to feel okay about this shitty work situation because I was stacking cash, making damn easy and good money pushing me closer to my $1.7MM FIRE goal, which I should reach within 10 years at my current savings rate (even with the consideration of *not* getting another raise ever again--which I still have two ahead of me, not including COLA increases). + +The best thing cancer gave me was life perspective, how I'm fucking wasting an important part of it on a stale grind. And I kind of know what I need to do, switch jobs first--see if it's the work or the employer. I'm thinking of switching back to private. I just don't even know. I'm so uninspired here that I was studying for my PE license before cancer and now I don't have the gumption to crack my study materials or think about the exam. + +Why am I posting this? You guys have a good sense of the work/life balance. I admire many of you and I know some of you are struggling with the good paycheck/shitty view of your work in the constant hike toward FIRE. Just need some perspective. +This is a direct response/follow up to: [https://www.reddit.com/r/Superstonk/comments/uhs0x1/the\_popcorn\_buffett\_hedge\_a\_weapon\_of\_financial/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/uhs0x1/the_popcorn_buffett_hedge_a_weapon_of_financial/?utm_source=share&utm_medium=web2x&context=3) + +Please read the original post if you haven't already by u/Digitlnoize + +**That's my interpretation of the post, I could be completely wrong.** + +The following graphs illustrate how GME and popcorn are related in a possible SWAP: + +&#x200B; + +https://preview.redd.it/00g55z0m2gx81.jpg?width=641&format=pjpg&auto=webp&s=b8989a6637bd6fd889b320187974c899721c4857 + +As you can see in the second graph (GME/popcorn), the behavior of the relationship between GME and popcorn basically changes from around June 2021. This could be the point in time when HFs switched from popcorn short to popcorn long and created a SWAP with GME short. They chose popcorn because they could hedge GME short there with the least losses. + +Through this transition, they were able to pull some of the buying power of retail to their side and as long as they used this buying power to make popcorn outperform GME, they made profits on the SWAP. No matter if the prices go up or down. + +Buying popcorn: It's like convincing your opponent to hit himself in the face with his own hand. + +But Retail no longer wants to hit itself as can be seen in graph three. Buying power on the popcorn side is weakening and performance will soon be on the GME side. From that point on the SWAP is no longer profitable. + +&#x200B; + +What will happen when the SWAP becomes no longer profitable? A game changer? + +&#x200B; + +The script to generate the data and graphs: [https://pastebin.com/d16z0T4F](https://pastebin.com/d16z0T4F) +Fellow Apes, TBH I’m gonna keep this real short (yeah IKR), normally a lurker studying astrophysics and a cosmic pirate. I’m riding with you guys since January. +I bought way too early so my average is pretty low. +WSB to GME and now here, +I think now, this is the moment where we have seen it all. It’s always same, and yeah get ready for the worst. +But again I don’t give a flying fuck about these shills and their strategies, and you wouldn’t as well. + +It’s not fucking January anymore, you have checked all the DD��s, read shit ton of different opinions and posts so I think you have enough wrinkles to ride this change. +After all this time if someone paper hands we should not feel sorry for them (and trust me it wouldn’t even hurt us, as retails own way more than the actual float). +Again you need to understand this. + + $GME is not for everyone, the measure of intelligence is the ability to change. You don't learn from smart people, you learn from idiots. A clever person solves a problem. A wise person avoids it. +So be wise. Watch what they do, and then don't do it, its a test and it’s only for the people who actually gets it (sorry to break it to you, YES you live in a 3 Dimension simulation). + +You need to understand these small points. + +1. They didn’t cover and they have to buy it back. + +2. Retails own the float. + +4. If you hold enough it’s a never ending infinity loop. + +3. You should only give fuck about 2 guys (RC and DFV) and cherry on the top is crazy amazing company (I don’t even have GameStop in the UK but I like the stock) + +4. Do not trust anyone (not even me), follow your research and DD. + +5. And most important “FOLLOW THE MATH”. Trust me it works every time. Even if we are a multi planetary species one thing will always remain same, that’s math. + + +Remember we are all gamers, we love playing games for hours and hey congratulation, you are in one, in the game there will be always the main characters and extras, be the character who actually has a story to tell. +as I said before we can’t help everyone, but everyone can help someone. Kindness begins with the understanding that we all struggle. So be kind and nice to others. We don’t see things the way they are. We see them the way we are. +Love you guys. + +*Im too high, I might delete this later as I don’t want any online fingerprint for the future AI and “yes I’m building one and yeah I believe in Roko’s Basilisk too” (if you don’t know what’s that Please do not google that) + +Ohh I forgot to use the emojis. +To the moon lads 🚀🚀🚀🚀🚀🚀🚀🚀🌝🌝🌝🌝🌝🌝🌝 + +Edit - Typo + + +Thanks for the awards, I will drink to that.🤙🏼 +So I'm just gonna tell y'all my story and so you know that these porn sites are fucking with you. Also the bottom of this thread is tips for canceling and dealing with these sites. + +I bored as hell and I saw this porn site (MOFOS) and they have a deal for $1 trial and I'm just like "fuck it" and I bought it. I made sure to check that there were no catches and I deduced that as long as I canceled it before the date I would be chilling. + + +So, a few warnings about this site specifically: + + +1. It's not actually $1. The trial period is forced to 2 days so it's $2. This wasn't a big financial hit but it was a red flag that they're not really giving you the real price. +2. When I got into it, I had to buy individual scenes. Just to note, I don't know if other sites work like this but it's pretty scummy to make people subscribe just to purchase a scene in the site. +3. When I was looking for how to cancel, it wasn't located on the main site. In fact, I found the site on a Reddit post! Clearly, they want to get your money. + +&#x200B; + +That brings me to the cancellation. It was pretty easy and nowhere on the site did it have in-depth instructions about this other than I could cancel through phone, chat, email, or through the site. Obvious the site option was right there and within about 2 minutes I canceled! You'd think that was it right? + + +Wrong. + + +See, even though it said my membership would end after the 2-day trial, there was a pending $35 charge (the monthly fee) on my bank statement. At first, I thought it was just charged pre-emptively and would go away. Nope. I got charged $35. I go back to the site. It says my membership expired 2 days ago. At this point I'm pissed and I finally decide to talk with a real person through their chat. + + +Once we get past the formalities, he tells me that I canceled my membership for [mofos.com](https://mofos.com), but there's a thing called [premium.pornportal.com](http://premium.pornportal.com/) that I was getting charged for. He then tells me to cancel this I needed to call, email, or chat and that they can't refund it. + + +So that's obviously bullshit. + + +NOWHERE on the site does it mention this. The funny part is they have those 3 options tucked away on the side while the online cancellation is right in the middle. Super scummy! + + +Long story short, I don't budge from my stance wanting a full refund. The guy goes from "No refund but 3 months free" to "Partial refund with half the time" to "Full refund". These guys are 100% playing with you if they say they can't give you a refund. I reiterated that nowhere on the site did it tell me I had to go through this and he finally gave me a full refund. + + +So, here's some tips I have based on my experience: + +&#x200B; + +1. Read the fine print beforehand. Dont' get caught into something because you didn't understand the conditions beforehand. +2. Always try to talk directly to someone. It's an embarrassing conversation to start, but for like 5 seconds. Afterward, it's all business. I don't care if you've got weird watch history, own up to it and just talk to a representative. They ain't gonna make fun of you lol. +3. They're probably trying to scam you out of your money. If they mention they can give you something, they can probably give you a full refund. Do not budge, do not let it go. Keep pushing for that full refund. +4. Just use regular porn sites. Honestly, this is the last time I'm gonna do this cause that was too much work for like 10 min of entertainment. + +&#x200B; + +Anyways, yeah hope this someone. +Second post within the week and I’m over the top appreciated with the help I’ve got so far regarding my financial state. I’ve haven’t really left this sub and the other day I read a post of someone in a similar situation who was dealing with debt and asked if he should stay focused getting rid of the debt or keep contributing to his 401k for his future plans. Most of the feedback was deal with the debt now. I do have a 401k that I have been actively contributing 6% of my paycheck too, my employer does match and as of right now I have a little under 7k. + +As I stated in my last post, I am in debt and just barely have enough for myself and the necessities to get through daily life. And not to mention I have already taken 1k of my 401k in the beginning of the year which I’m currently paying back on. So now my question, would it be a bad idea to take out again to at least have some money for a rainy day and to pay off at least 1 CC that I currently owe $1200 on. I was thinking taking out 3k but i just keep seeing another, basically loan, I’m paying back on. And it’s an even shittier feeling that it is my own money. Again, any help/criticism will be heavily appreciated and hope all you have a great day and stay safe. +#So the last 24 hours was awful. And it’s shocking to learn someone who follows processes as much as I do lost his Reddit account, and almost lost his vault. + +Hey all, this is your captain speaking. So yesterday was the first time in 6 months my phone booted me out of Reddit. Was completely random, and having not really thought about it since my account’s inception, I was disturbed to find out none of my standard passwords (or their variations for that matter) worked. No big deal, I’ll have them email me a password reset! + +… and I sent a request to my email. Nothing. Nada. + +…okay but hey I’ve GOTTA be able to retrieve my account by phone number or something right? + +Narrator: “He would in fact, not be right.” + +Apparently, when you set up your phone account via Reddit, they don’t require an email or anything. Apparently, I had to back it up in the settings, and I just had glossed over that. Probably because I came to Reddit to learn about the GME blow up, and actually found out about r/cryptocurrency like a month later. And opened my vault a month after that. After two months of auto signing in, you don’t even think about things like backup. + +#FUCK. What about my 10k moons?! + +Thank GOODNESS I had written my seed phrase down. I’ll just have Reddit team verify the seed phrase is linked to my account and… + +Noopppppee. Right. It doesn’t work that way. + +Several hours of attempted work around later and I find out that I can in fact send the moon from my old vault to this new (AND BACKED UP!!) account’s vault. All I need to do is download meta mask and set it up for the Ethereum Testnet and create the wallet for a specialized token and… oh… oh you have to delete and reinstall metamask and… + +#Does this sound -awful- to you yet? + +Needless to say, I’m creating a hard set of passwords and testing all of them for all my accounts, along with resetting my email passwords and backing them up via 2fa too. + +Sometimes crypto can be really fucking stomach churning. Special shout outs to u/Nanooverbtc (yes, the mods absolutely deserve their moons) and the two guys who helped me figure this crap out yesterday. There are some -heroes- on this sub. + +Some things still suck. I lost my Reddit coins, as well as a free 3 month (I think) premium upgrade, and I posted -a lot- this round. So yes fellow mooners, probably a good 3k more moons lost to a dead vault. But hey, that’s crypto right? +TL:DR + +-Back your crap up + +-Back up your backups + +-Never assume anything tied to your coins + +-Elon still sucks + +-Safemoon is still a Ponzi. + +-Fuck Robin Hood with a pointy steel-toed boot covered in Dire Ants + +EDIT: THANK YOU FOR ALL THE AWARDS AND KARMA! YOU ALL THE REAL MOON MVPS! +A Short open letter to the predatory elite: + +Regardless of the FUD, regardless of the DD! Nobody should care anymore, flood the sub with stories both real and fake, still nobody will fucking sell. + +You have tried to slide the forum, you have tried everything, there is NO POWER on Earth or anywhere that will ever get retail to sell - especially while you still exist. + +YOU WILL NEVER GET US TO SELL + +The end. + + +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 3% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1.5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. + + +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 3% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1.5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. + + +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 3% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1.5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. +TRUBADGER had a huge momentum since the beginning. So far we've become a community of more than 5000 HOLDERs and 9000+ Members on our telegram group, rapidly increasing. In addition to that, we have a market cap of $20M, there's a LOT of space to grow. With every passing day, our team proved that we are here to create the most accessible token for all, whether it was by helping people set up their wallets through Zoom calls or by launching Trubadger in all swaps that the community approved but every time we emerged as a strong community that is ready to make the crypto space better. Here are a few facts about TruBadger 100% community Driven 1. Reflection (3%) 2. Deflationary (1%) 3. Coin Stability funds permanently designated to LP (4%) 4. Marketing and promotion facilitating Trubadger community growth, (1%) 5. Driving innovation and development of blockchain projects via Innovation Fund (1%) creating long term value for token holders 6. Used as commerce on future TruBadger projects 7. Hodling TruBadger tokens is how we’ll identify and grant governance rights once implemented 8. Anti-whale 9. Multi-signature wallets. Token Name: TruBadger ($TRUBGR) Contract: 0xc003f5193cabe3a6cbb56948dfeaae2276a6aa5e Network: Binance Smart Chain Exchange: Pancake Swap Launched: Monday June 14th 2021 🚀Charts:  Poocoin   |   Bogged Website: Trubadger.io Telegram: t.me/TruBadgerOfficial Listed on: ✔️PancakeSwap ✔️Coin Market Cap ✔️CoinGecko ✔️CoinTiger 🌴 1% Manual Burn wallet (join our weekly burn party) 🏦 1% Marketing Fund wallet 💰 1% Innovation and Development Fund wallet TRACK TRUBADGER ON: 📈 Coin Market Cap :🗣️ https://coinmarketcap.com/en/currencies/trubadger/ Coingecko 💡 https://www.coingecko.com/en/coins/trubadger Social 🦋 https://beacons.page/trubadger +So I'm looking for advice, what could be wrong with my strategy? + +Context: I have been dabbling into automated trading for the last month using NinjaTrader 8. Like any other newbie, I came up with a couple scalping strategies (high win rate, low RR) that had incredible backtest results since Jan 2018 on ES futures. Quickly found out that after taking into account slippage, as well as NOT filling limit orders on touch (price has to trade through), the strategy lost money. + +So while trying to optimize the scalping strategy (now factoring in slippage, etc), I found a strategy that was losing money VERY consistently, with a very smooth downward equity curve. So I figured, why not do the opposite? So I did, found a strategy with very nice results, this time with low win rate, high RR. Picture below of results. + +Some back test info for context: + +Last two years of data on ES, using Renko 10 tick brick size + +1581 trades (good sample size) + +27% win rate + +3:1 average RR per trade + +2 ticks of slippage (to be safe, even though at times there could be positive slippage!) + +Commissions taken into account. + +&#x200B; + +So again, obviously I am skeptical now that I am a little less naive, so looking for advice. What could be wrong with my strategy? + +&#x200B; + +EDIT: + +I ran the strategy now with a 20 tick Renko and 4 ticks of slippage to be extra safe (Second picture). The 10 tick Renko did not perform as well with 4 ticks of slippage. + +I truly think that I might have found my self a decent edge here. + + Again, this is NOT a scalping strategy anymore, it is a trend following strategy. It has less than a 30% win rate, it makes money by having big winners and small losers. Many keep pointing out fills are being overstated, which is why I am using 4 ticks of slippage, even though most of the time slippage is going to be less. I've also ran a month of market replay to make sure entries/exits are working well as the Renko bar closes and it does. I only used a couple of months of data to develop the strategy, then tested it on two years of data, for that reason, I don't think I am over fitting. Commissions are not a problem. Beats buy and hold. What else could there be? Time to take it live and forward test it. + +[10 tick Renko, 2 ticks slippage](https://preview.redd.it/xn0dudr84n741.png?width=1827&format=png&auto=webp&s=3d5592dc2da5b9644e8626e8b8a41a884b69b751) + +[20 tick Renko, 4 ticks slippage.](https://preview.redd.it/dnk3zw4rss741.png?width=1831&format=png&auto=webp&s=840455c4639674fe24cdc1441be1d5b6e7110cfe) +I'm looking at implementing sentiment analysis as one of many features into an existing ML algo I'm working on and was looking for some general advice. + +Specifically the sentiment analysis wouldn't be anything revolutionary at all - just scraping 500 or so comments on twitter/reddit, saving the comments to a data base, and applying NLP techniques to score a comment from 1-10 based on the positivity/negativity of the language. This number would then be put into at dataframe to use as an feature for a wider ML model. + +My question is basically does anyone have experience in doing this and is it worth it? Specifically can I expect some sort of exploitable correlation between sentiment and price? If not sentiment score and price what about the correlation between sentiment and say option IV on a particular stock? + +My gut feeling would be due to the amount of nonsense comments, sentiment analysis would mainly just be filled with little signal and a lot of noise, but perhaps some weak relationship exists between sentiment/tweet count/comment count and option volatility? + +Anybody been down this path already? + +(By the way, I'm not referring to intraday time frames) +From what I understand it's taking a long and short position at the same time. But I dont understand how you wouldn't just "even out" regardless of what way the price went. + +Help? Lol thanks +I've spent a lot of time on Quantconnect for backtesting and am finding a lot of significant errors in their data which is pushing me away from the platform. I know it's possible to purchase my own data and import it into LEAN (Quantconnect's trading engine) but before I go that far, I am interested in checking out some other platforms. What backtesting platforms have the most reliable data that you've found? Would need the capability of backtesting with multiple stocks so a site like TradingView would be ruled out. I'm even willing to deal with the frustrations of working on a platform with poor documentation and support if it means getting the most reliable results. + +Note: I don't need high granularity of data. Ideally 4 hour but could also use 1 day. +I started seeing more and more comments about apes with multi digit shares holding on to 10% of their shares no matter what to allow all the single digit apes get their life changing returns as well. WHAT AN AMAZING IDEA!! This is such a caring, thoughtful and GENEROUS community. But this commitment to holding 10% back throughout the MOASS will also help the xx/xxx/xxxx holders from paper handing. If we ALL hold back 10% no matter what the LIKELIHOOD of reaching our individual floors (mine is $10mil) becomes so much greater! So thank you to everyone who started this idea. I am now the latest member of THE 10% CLUB and looking forward to my LIFETIME MEMBERSHIP!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +The biggest news agency in my country, Portugal, just released the information that or Country’s Taxing Entities will not charge any fee related to profits obtained due to Cryptocurrency’s trading. + +You can find the official explanation here (it is written in Portuguese, though): + +[Publico ](http://www.publico.pt/n1799707) + +Lots of good news are still yet to come and this is just an example. + [Russian Ruble loss - Imgur](https://imgur.com/a/WQaIB3I) + +Source: [Charlie Bilello op Twitter: "The Russian Ruble is down another 23% today and has now lost 83% of its value against the US Dollar since its peak in 2008. $RUBUSD https://t.co/YFMv2LsmlI" / Twitter](https://twitter.com/charliebilello/status/1500825745999998979/photo/1) + +Always nice to post some Putin loss porn. + +$0.00743 for 1 ruble. Less then 1 cent. +I don't know how you all guys feel, but this subreddit is not what it used to be. I don't enjoy reading anything from here since the link submissions have been accepted. + +If I wanted to read news or *pseudo pro investors*, I would go to their sources, not to here to then go there. + +I liked this subreddit to know what were YOU thinking, the regular investor just like me. + +That is now lost here. Gone for bad. + +Just my two cents on what it used to be my landing page for Reddit. +You know what I think they are so pissed about? Not only are they about to lose a freight load of money, but I think they intended to lead retail by the nose through all the pump and dumps we've seen, fleecing the plebs along the way. Instead their game stopped with Gamestop. + +They looked at us like bumbling idiots while placing themselves on an intellectual throne, thinking "We deserve more because we are better. If they fall for our illegal manipulation, well then it's really their own fault for being so dumb. Survival of the fittest." + +We hit them where it hurts the most. Their EGO. + +We didn't fall for it. We saw through your schemes. We recognized that we could make money while serving you justice. We DO have the patience to see it through. You are not better. You're just lowlife criminals. A fancy suit doesn't change that. Your money has worth. + +You do not. + I’m literally literaling over here, on a scale from one to even I can’t. + +Someone please post something smart and confirmation biasy pleeeaaassseeeee this is fkn loco. + +I need to see some triangles and breakouts and speculation of liquidity drying up. I’ve never seen volume this low on any stock I’ve ever held! I’m dying here, wen moon? + +Oh and happy drinko de Mayo, can’t wait for 4 o’clock fajitas, margaritas and micheladas órale. +Guten Morgen to this global band of Apes! 👋🦍 + +I am posting this at the usual time in the USA, but the data will begin updating an hour later than usual due to the difference in Daylight Savings time between Germany and the USA. +The updates will continue for one hour instead of two. +The normal schedule will resume next week. + +As we continue through the week, I want to point out GameStop continues to drive forth with incredible momentum in building the digital future of the company. +They forged partnerships with established blockchain tech companies, and have been steadily building up their marketplace to leverage those partnerships. +While many still don't see the draw of NFTs, there is little doubt that digital ownership has an enormous place in the future of the world. +GameStop is on track to become the partner that *every* tech company will want to work with to reach customers. +As they bound ahead, the SFHs are stuck in a holding pattern against our Diamantenhände. +They can't survive closing their short positions, but each day costs them dearly. +They continue to have bets that only the death of the company would save them from. +I know which side I'm expecting to win. + +Today is Wednesday, November 2nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 60 minutes in: **$28.40 / 28,55 €** *(volume: 5686)* +- ⬜ 55 minutes in: $28.65 / 28,80 € *(volume: 5686)* +- 🟩 50 minutes in: $28.65 / 28,80 € *(volume: 5682)* +- ⬜ 45 minutes in: $28.55 / 28,70 € *(volume: 5682)* +- 🟥 40 minutes in: $28.55 / 28,70 € *(volume: 5682)* +- 🟥 35 minutes in: $28.99 / 29,15 € *(volume: 4023)* +- 🟩 30 minutes in: $29.00 / 29,15 € *(volume: 4023)* +- 🟩 25 minutes in: $28.78 / 28,93 € *(volume: 3035)* +- 🟩 20 minutes in: $28.53 / 28,69 € *(volume: 423)* +- 🟥 15 minutes in: $28.53 / 28,69 € *(volume: 423)* +- 🟩 10 minutes in: $28.54 / 28,69 € *(volume: 398)* +- 🟥 5 minutes in: $28.53 / 28,68 € *(volume: 383)* +- 🟩 0 minutes in: $28.54 / 28,69 € *(volume: 201)* +- 🟩 US close price: $28.39 / 28,54 € *($28.30 / 28,45 € 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 0.9947. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I am nearly 24 and have no plans to settle. Did any of you spend the most part of your 20s as a more transient worker? When did you finally 'settle'? how did you make the transition from free-spirit to proper adult and how did you cope with the feeling that maybe you 'fell behind' peers who had begun their career earlier? + +I left university with a humanities degree and have spent the best part of 3 years working in bars and spending the earnings on travel, everything feels temporary and I have nothing solid to put my name to. I believe in life experience and believe that when I decide its time, I will find something, a career, that I can excell at. I do, however, have that nagging feeling in the back of my head that I'm being left behind by friends and siblings who jumped straight into graduate schemes and who now have mortages and well paid jobs and savings. + +At this point im wondering if there are any success stories that were born from squandering your early 20s on travel and not saving much at all in this time. + +TLDR: looking for people who travelled instead of saved/ got a career job in their early to mid 20s. Do you feel it was ever possible to 'catch up' in life? + +[Edit: Wow thanks for the responses guys, its good to hear so many of you regret nothing and are doing well. For the record, apart from a year studying abroad in the USA ive been on working holiday visas, working for around 2/3/4 months and then spending it all in 2 months on crazy shit like shark diving, skydiving, trips out to the barrier reef, huge 2 month long road trips etc. It means ive been clocking up lots of different work experiences but perhaps i shouod get better at putting away some of that money.] +Want to determine if GME is shorted many times over the float? Send a request to Fudelity, Robbinghood, TDAmerica, Webull etc ask them to do an internal data pull on GME at midnight or something. This will determine how many GME shares are kept under the broker at the time. Timestamp it and send it back to the SEC and/or the DOJ. The SEC/DOJ then proceed to add the numbers together. If the total number exceeds the float, send a SWAT team to KG's house. What's hold up here? Or what am I missing here? +Hi + +My parents want to add me to the mortgage for our family home as interest rates are going up and want me to also get a foot into the property ladder + +I am 29 and well this is admittedly has come as a bit of a shock to me! + +Anyways, what should I be prepared for in terms of expecting questions etc? + +I invested quite a lot in the stock market, no one not even my parents know and I fear I am royally screwed +hey all, money in the bank and i keep hearing ray dalio say 'cash is trash'. just wanting some insight on what to do with home deposit level cash during periods of inflation. + +thanks +A massive housing/banking collapse is coming to Australia. Follow my logic + +- Even prior to coronavirus, 1.3 million people were negatively gearing investment properties in Australia (aka writing off interest payments because the rental yield does not cover mortgage repayments) [https://www.abc.net.au/news/2018-12-12/housing-industry-insiders-issue-negative-gearing-warning/10602484] + +- Australian property is among the most expensive in the world [https://www.realestate.com.au/news/worlds-priciest-homes-how-australian-house-prices-compare-to-the-rest-of-the-world/] + +- 27.4% of the Australian workforce is now unemployed or underemployed [http://www.roymorgan.com/findings/8363-roy-morgan-unemployment-and-under-employment-march-2020-202004080900] + +- We have ~300,000 Airbnb's with extensive travel shut downs with no end in sight (limited domestic and no international travel) [https://www.rent.com.au/blog/airbnbs-australia] + +- ~18-25% of the Australian index is weighted to retail banks exposed to highly leveraged and now unemployed australian's [https://www.asx200list.com/] [https://mobile.abc.net.au/news/2020-03-21/mortgage-pause-coronavirus-nab-commonwealth-anz-westpac/12076690] + +- Banks are allowing people to put mortgage repayments on hold, but interest accrues [https://mobile.abc.net.au/news/2020-03-21/mortgage-pause-coronavirus-nab-commonwealth-anz-westpac/12076690] + +- Prior to the crash household debt to GDP was trending upwards with ~20% of people already experiencing mortgage stress [https://www.ardea.com.au/australian-household-wealth-and-its-hidden-exposure-to-the-housing-market/] + +- A significant number of the ~800,000 international students are unlikely to be back this year with borders shut down (https://www.studiesinaustralia.com/studying-in-australia/why-study-in-australia/international-students-in-australia) +Here are some of my (totally ill informed) predictions; + +- Aud fall to 66c as rising US rates cause capital flight from Australia. Mining and tourism boom as a consequence. +- continued massive falls in the nasdaq and accordingly the asx, but we won’t be hit half as hard as America or Europe due to weak aud. +- We’ll have flat gdp growth in the first quarter of 2019 calendar year as companies lay off staff and restructure due to said asx falls. +- the Housing Crash doesn’t materialise and prices flatten out. +- However, big falls in Melbourne and Sydney premium properties. Houses will take a lot longer to sell and auction clearance rates will be low as people shop around. +- rba cuts rates +- xi and trump make friends mid 2019 + +Thoughts ? +this happened when btc was around 4.5k-5.5k lowering, alot of people were worrying, and btc cash went to 2k usd, but LOL, within a minute, it dropped to 1.3k again and then 1.1k cuz it was pumped and dumped. btc the following 1-2 weeks raised to 10k gbp+ +take advice from a 14 yr old who dont know shit, im HODLing to the moon +Any youtube videos or sites you would recommend to understand after-hours trading and gap ups? + +Are these huge gap ups and downs normal for trading or is this an abnormal period? + +I've been learning a lot about trading but one thing that isn't quite sinking in is how to read the after-hours trading and use that to determine what will happen during the day. It seems that most highly traded stocks will either shoot way up or way down when the day opens because of the gap up/down and then slowly make their way back closer towards the previous day's close. I've been watching some day traders live on youtube and it seems like they make the most of their money riding that initial 15-30 minutes when the market opens. Are they actually reading the premarket or are they just jumping in the momentum stocks for the week? +Mino-Lok® has the potential to change the standard of care for treating catheter-related bloodstream infections + +CRANFORD, N.J., March 23, 2021 /PRNewswire/ -- Citius Pharmaceuticals, Inc. ("Citius" or the "Company") (Nasdaq: CTXR), a specialty pharmaceutical company developing and commercializing critical care drug products, will participate in the virtual Benzinga Biotech Small Cap Conference being held March 24-25, 2021. Citius Executive Chairman, Leonard Mazur, will present on Thursday, March 25 at 2:55 pm ET. Investors may register for the conference at the event website. + +During the corporate presentation, Mr. Mazur will discuss the Company's Phase 3 program for its lead product candidate Mino-Lok®, an antibiotic lock solution being developed to treat patients with catheter-related bloodstream infections (CRBSIs). + +"We are eagerly awaiting the third interim efficacy analysis from our independent Drug Monitoring Committee regarding the Mino-Lok® Phase 3 trial in progress," said Mr. Mazur. "This pivotal trial is progressing according to plan, and we expect full enrollment this year. The antibiotic lock solution market is large and substantially underserved, with an estimated market opportunity of $750 million in the U.S. and over $1.5 billion worldwide." + + + +https://ir.citiuspharma.com/press-releases/detail/139/citius-pharmaceuticals-to-highlight-its-phase-3-clinical +Just want to take this chance to thank him for what he has done. That his genius and his life, the latter now against his will revealed by a reporter – it's her job, understandably – is a true inspiration to me. + +Despite his apparent effort to live a normal life with his family, what is to come will not simply be a storm of media coverage. He will have to shut the blinds, stay home, and fear now that his fortune (and presumable access to it) is revealed, different parties will go after him for motives you could imagine. Media, the government, companies, and maybe people who want him to bail out MtGox, if not pay off the money they lost on gambling sites. + +We should respect him as a person – an extraordinary person that created a system that opened many's eyes to not only the a monetary tool that frees us from any central institution, for better or for worse, but also to the idea that has been so empowering and given rise to a host of innovations in the world. He has brought hope and possibility to the community that shares the same believes, and numerous constructive discussions on subjects that extend beyond the Internet. + +Thank you, Satoshi. +So, a small amount of backstory. Long story short, I graduated highschool 2 years ago, immediately got a full time job, and saved up ~$3,000. After that, I moved out with my girlfriend to support her with her education. I don't know how it all went downhill so fast, but 7 months later and i have $197 left in my savings and im struggling to afford my rent. + +Initially, when I moved, I took a job doing roofing at $18/hr. I moved around through a few trades and things were alright, but then I took a job as an electrical apprentice at $16/hr. The thought process was that if I could tough that out financially, I could be making good money down the line. + +However this absolutely isn't working. My girlfriend lost her job dud to covid (worked at a theater), my rent is $1,087, plus wifi (essential for schoolwork as everything is online), and my car insurance/payments. I struggle to cook meals because when I get home I have no energy so I spend way too much on fast food. I'm looking for another job that pays at least $17.50 an hour, and I plan to get a part time job on top of that, but i still have a very poor idea of budgeting and financial responsibility. Please help. Thanks! + +Edit: i just want to say thank you to overwhelming amount of support this has received, I've gotten a lot of great advice and I currently working on making a tighter budget, working towards higher education/more potential for higher income, and my girlfriend is looking for jobs in the area. Thanks to everyone who's replied! :) +Title. I just came across this concept where you can borrow against your stock portfolio / REs and keep borrowing until you die and delay capt gain tax. I'm wondering you how you can keep borrowing if you never sell your asset to pay the debt obligation? Say I have $10M stock portfolio and want to borrow $100k every year, do I have to pay that $100k EoY? + +Edit: I only confuse about the how to repaid the borrow part. Does it work like a normal loan where it has a set date to pay back the loan? + +Edit 2: how can banks / brokers profit from this? +One of my favorite books is The ONE Thing. I’ve read it multiple times and found that it always helped me prioritize my shorter-term goals. This year was the first time I read the book knowing that I am about to be a dad, and I realized how little time I had spent applying the principles to my longer-term life goals. + +A bit about me - early 30s, married, wife is due with our first in a few weeks. We live in a VHCOL area and have pretty-solid household income (500k-1m p.a.). We own our home (about $1m of equity) and have most of our liquid net worth in a few stocks and low-cost index funds (about another $1m). I work in PE and so most of our wealth will come from carried interest. I’m mid-career, so likely the next 3-5 years we will start to see the bulk of that money. Including the (not yet paid) carry, our net worth is \~10-15m. + +Back to the longer-term plan. With a child on the way and a pretty demanding schedule at my job, I’m starting to re-think how I want to spend the next phase of my career. If I stay in my current role for the next 5-10 years (I think doable), I can pocket the carry and then walk away and really scale back my work schedule. Doubt I would ever truly “retire” but I would ideally create my own schedule to spend as much time as possible with family. Walking away, however, would mean leaving another $10m+ on the table in future carry. + +I think the big questions for me at the moment are i) how do I set the goal posts for when to walk away (is it a NW number, a $ invested number, etc.) and ii) how do I stick to those goal posts (i.e., not fall into the trap of the next $10m). + +Of course, every person on this thread will have a different response to those questions, so I’m really more seeking guidance on a framework for how to think about them. Would welcome any feedback or advice from those in similar situation and/or those who have already made the jump (one way or another). +🐶MiniDOGE is Here to TAKE OVER!🐶 + +Join the NEWEST addition to the DOGE 🐾 family! MiniDoge is the first ever AutoBoost token. HODL and Earn Tokens with MiniDOGE aka Ms Celebrity Doge! MiniPet Adventure App on the Roadmap Q3🚀 + +AutoBoost: MiniDOGE is the worlds first ever crypto with an adjusting buyback feature for sells of MiniDOGE token. You Sell, We Buy! + + +⚡️Community Driven +⚡️Initial Supply: 1,000,000,000,000,000 (1 Quadrillion) +⚡️MiniPets App Adventure Game +⚡️Locked Liquidity by DXSale +⚡️6% Goes to AutoBoost Function +⚡️Up to 7% Redistribution to all wallets + +✅MiniDOGE is built for the holders to win. 12% buy fees and 18% sell fee. + +🔥Join us!🔥 + +🌏 Website🌏 +https://minidoge.finance + +🚻 Telegram 🚻 + +🌏Global +https://t.me/MiniDOGEToken + +MiniDOGE VietNam 🇻🇳 +https://t.me/MiniDogeVietnam + +MiniDOGE China🇨🇳 +https://t.me/MiniDOGEChina + +MiniDOGE Philippines🇵🇭 +https://t.me/PHMiniDOGECommunity + +MiniDOGE Italy 🇮🇹 +https://t.me/MiniDOGEItaly + +💠 Twitter 💠 +https://twitter.com/MiniDOGEToken + +🤖 Discord 🤖 +https://discord.gg/8DWDQ2y9 + +✅Contract Address✅ +0xba07eed3d09055d60caef2bdfca1c05792f2dfad +Not denying that RC isn't wicked smart - but I suspect SHF have tried to buy him and failed. This is what I believe happened with AA and Popcorn stock. AA sold out and that is why he has come out spewing BS like ' no evidence of naked shorting' and bypassed the stockholder vote to produce shares to ultimately help SHF cover. BBBY also had execs infiltrated by SHF , which contributed to RC being so angry and denouncing their overpaid leadership. + +Since RC is so smart, he played along long enough to get the SHF to show their hand and acquire key details. This is one of the many reasons why I think he knows the SHF playbook so well. RC with his business experience has seen SHF cellar box other companies and had some idea how the this process took place, but I believe he managed to get the playbook directly. SHF knows he knows and is why the smear campaign against him is so aggressive and over the top. +Hi all, interested to hear your thoughts: + +Last night I had beers with a buddy who fatfired last year at 32. We got to discussing possible post Fatfire career tracks - he does not want to continue in the track that got him to (I guess) 3-5mio but does want to go back to work at some point. Specifically we were discussing jobs that fit the following criteria: + +- Are ‘cool’. Obviously very subjective but for lack of a better definition let’s say anything that will impress a girl you meet at a party +- Not (necessarily) high earning but does have the possibility of netting you some good $$ down the line or segue into something that does. This basically means an industry where large amounts of money change hands +- Based somewhere you want to live +- Work with interesting people +- There is some chance, even if slim, that you can land the job - so your skillset has to at least be somewhat transferable + +Premise is that working your way up to Fatfire compensation at an international company should be enough to get you an interview most places - is this too optimistic? + +Options will vary widely based on preference and background but here are a few Ive been thinking about. The obvious answer for most will be startups but given how much that has been discussed on this forum already would prefer to focus elsewhere. + +- Think tank. I have a friend who did this in DC and is now working for the UN. He loves it. +- Supranational organisations in general. Mostly filled with career politicians, academics and super-rich kids who want to tell themselves they are making a difference. Still a lot of interesting work and very good exit opps +- Corporate side of pro sports. Ie NFL, Formula 1, GM office of pro sports teams. I know no one in this world but there has to be some really cool jobs out there. +- Corporate side of a luxury brand you are passionate about. A friend of mine met Patek’s CFO and he apparently was a great guy. I would be more interested in a high end winery or distillery. +- Yacht broker. Start with small boats and try work your way up to megayachts, plus live somewhere cool +- Entertainment industry. I have a friend who works for a famous DJs record label - pays very little but his job is awesome. I know nothing about Hollywood but assume there must be some interesting work there +- Festivals - know a guy who along with 3 others (and part time staff) organises a music festival that pays each of them ~$500k each year +- Clubs - ie Nikki Beach HQ + +Any thoughts on the idea in general, specific points above or something you think might be fun for you personally welcome! + +Stonkinator3000 here. I love the smell of fud in the morning. Why? Because it’s the only form of communication we receive from the enemy. Obviously it’s radio silence from the media by design except for fud, and no one from inside those organizations is spilling the beans. So fud is what we’ve got to work with. Fud is them telegraphing their state of play and their next moves. + +The ex-mod may have been bought out or may not have. The reason I’m operating under the assumption that he was bought out is that any of us who have been following this saga closely know it’s common knowledge that sp was headed into the thousands and possibly beyond back in January, and that’s when short interest was much less than it is now. We also know that people setting stop loss orders absolutely killed us and helped accelerate that fake selloff. We also have heard thousands of times not to set market orders because the algorithm might match us with lowball offers. The three most powerful tools of the enemy to control the squeeze in one post? + +This tells me the start of the moass is imminent. Because they sacrificed a valuable chess piece now on the hopes that the fud would be taken as gospel by many followers. That chess piece could have been employed later on in the struggle but was employed now. + +It also tells me, beyond a doubt, that they’ve accepted the share price is going into the thousands but that they’re not going to allow the ascent to be a smooth ride. They will probably employ many of the same tactics they did to crash the price back in January. Hard and fast short selling where they look for as many retail stop loss orders as they can find to magnify the crash and cover their most vulnerable positions. + +As far as fud going forward, it’s all about creating as much conflict and disharmony as possible leading into the start of the moass. They’re doing that by seeming to go along with agreed upon premises but arguing about the degree. “I’ll always keep one share” “price floor is 10k” etc. + +My belief is that a ton of shills have been quietly increasing their karma through low effort memes and comments that agree with the general sentiment now that the enemy has accepted the inevitability of the moass. We should see these bad actors all come together in a supposedly united front, which will be a stark change from all the conflict and disunity, but this united front itself will have one goal and only one goal: to convince you to paper hand some or all of your position. + +I absolutely agree with Houston Wade’s assessment that they’re going to stagger the margin calls out rather than letting it explode all at once, and that means there are going to be countless false peaks in the moass journey. + +So it all comes down to a simple equation. What they have is psyops, what retail has is shares. They’ve only got smoke and mirrors at this point, and their one and only chance at getting out of this alive is convincing enough retail investors that the peak has been reached. + +Edit: took out the part about them being one trick ponies since really we have no idea what they have in store for us. Regardless, I hodl +I'm not sure what to do or how I'm going to afford this. I believe the cause was that some of the extra stain rags that I had used for refinishing the floor had spontaneous combusted from what I was told by the fireman. Would I be held liable for this by the insurance company? Any help would be appreciated. +Our current landlords are selling the rental we’re in. It’s been on the market for 2, almost 3 months now. The first week it was on the market there were 7-10 people both investor and homeowner at the inspection then the next 5 then 2 as more weeks came by sometimes there would be no one turning up We’re long term tenants, I thought surely someone would buy this house? Why are buyers and investors holding? +Lyft is five times cheaper to acquire than Uber. It has 35% of ridesharing marketshare in America and is rapidly growing in Canada—two of Amazon's biggest market. + +Currently, no major Western ridesharing platform is profitable. That's because it takes a ton of costly promotions and subsidies on both the rider and driver sides to grow a ridesharing platform. + +Amazon, however, could substantially reduce the high cost of new rider acquisition by just offering their over 100 million Prime members a discount for using Lyft over Uber. This would shift marketshare overnight. + +Then, on the driver side, Lyft drivers could be doing last mile order fulfillment for Prime Now and Amazon Restaurant when ride demand is low—effectively increasing driver wages through removing time spent waiting for a new passenger while also lowering Amazon's fulfillment costs. + +The operational efficiencies that come from owning both commerce and ridesharing would allow Amazon to become the most valuable company in the world. + +Uber and Amazon are already competing on a ton of fronts. AmazonFresh and UberEats, Uber freight and amazon prime delivery. My money is on Bezos to win though, they can shoulder the massive costs with AWS +Considering the ETC and BCH pumps I thought this might be worthwhile to those new to crypto. + +Ethereum Classic (ETC) is not the same as the real Ethereum (ETH). They forked a long time ago, which is why they share the name. But nothing is being done on ETC. All those ERC-20 tokens live on ETH, not ETC. Don't be fooled. + +Same goes for Bitcoin. There is only one BTC. Bitcoin Cash (BCH), Bitcoin SV (BSV), etc are all forks of Bitcoin. Which means that they tried to make a change to BTC but failed, and ended up with a new coin. + +Just like ETH, the real Bitcoin network is the valuable one and that's why there is such a massive difference in price between BTC and the other Bitcoin forks. + +TLDR: Don't get fooled by similar names. There is only one BTC, and only one ETH. + +Good luck out there everyone! +This only jacques mon tits further. They know the end is coming and they have no choice left but to continue to short as much as they can before all of the float is locked up. Each day thousands of apes are locking up their shares away from the reaches of their infinite fuckery and there is now a clear time limit until its over. The best part is that the harder they fight to scare us off by dropping the price, the faster we can lock the float by buying more shares through CS. Buy, Drs, hodl 🚀🚀🚀 +I'm in my early 30s / $7m NW (but largely illiquid). Wife makes ~300k, and I left my full time job 6 months ago. I've been living a "nomadic" work life, consulting here and there, joining a couple boards, angel investing, etc. I've mostly enjoyed it, but for whatever reason it has felt inherently temporary. My wife is starting to get anxious about "what I'm going to do next", and I dont have a great answer. + +I just got an offer from a late stage startup for a 300k base and $3m in equity at current valuation, maybe ~2-3 years from an exit. I know them quite well, and they seem like nice enough folks, but the role is very similar to what I've done before (bit of a step back if anything, but still csuite). + +I know these are total 1% problems, but thats why I love this community. It is honestly stressing me out, and I know I wont get any judgement here. I've had a hard time committing to FIRE. If I went back, I always assumed I would start my own thing, and joining something (especially late stage) wasn't even on the radar. It also feels weird to take a job after applying to literally 0 places + +I like these guys a lot, and dont want to join if I dont think I can fully commit. Has rejoining the workforce been difficult? Do people largely regret it? +Can you suggest any good articles or reddit threads on what the spending pattern is of "Fat-FIRE" or "mass affluent retiree" budgets? I'm curious to see analysis on how expensive affluent retirees find post-retirement to be. + +I am frustrated to find that 99.9% of the literature on post-retirement spending patterns focus either on: +1) completely arbitrary "70% income replacement" nonsense +2) the "average" American's spending behavior (us FI-minded folks are very much not average) +3) frugal early retiree spending (often with dangerous corner-cutting like not having proper health insurance) + +I am interested to know more about how much fat-FIRE folks spend on housing, or how much affluent retirees spend on medical insurance/care. +https://www.cnbc.com/2020/03/27/house-passes-2-trillion-coronavirus-stimulus-bill-sends-it-to-trump.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +The owner of TikTok, ByteDance, is now [valued at more than $100 billion based on recent private share transactions.](https://www.bloombergquint.com/business/tiktok-owner-s-value-surpasses-100-billion-in-private-markets) + +Some trades valued the Chinese company between $105 billion and $110 billion on the secondary markets. It has also traded as high as $140 billion. + +This further cements their position as the world's most valuable startup. + +In 2018, ByteDance closed a massive $3 billion funding round, [with funding from major investors such as SoftBank and KKR, valuing the company at $75 billion.](https://www.telegraph.co.uk/technology/2018/10/26/bytedance-raises-3bn-funding-become-worlds-biggest-privately/) + +However, the recent private transactions in the secondary market indicate that it's value has increased by more than 33% from two years ago. + +By the way, a secondary market transaction is when private company stock is sold to another private party. + +This is in contrast to primary market transactions, where companies sell directly to investors. + +Stock in the secondary market is usually valued at a discount to primary shares because it is less liquid and there are fewer financial details on company performance available to investors. + +It was recently announced that TikTok has been downloaded more than 2 billion times globally and, [in the first quarter of 2020, it generated the most downloads for any app ever in a quarter, with 315 million installs across the App Store and Google Play.](https://sensortower.com/blog/tiktok-downloads-2-billion) + +TikTok’s record breaking surge in downloads comes amid the lock-down, as the population looks for it's next dopamine hit. + +The $100 billion valuation reflects expectations by investors that ByteDance will keep pulling in advertisers. + +**Tiger Global, rumoured to be one of the buyers in the secondary market, estimates that ByteDance will grab 19% of China's online advertising market this year, compared to the 4% of the market it captured in 2017.** + +Total digital ad spending in China is expected to reach $81 billion this year. + +In the past decade, only two companies have traded at a higher premium than ByteDance in the secondary markets. + +According to Andrea Walne, a partner at Manhattan Venture Partners who follows the secondary markets: "The trading of ByteDance is reflective of the global wave of consumers who agree that ByteDance can displace Facebook as the leading social network." + +What are your thoughts on this? + +In 2019, Facebook fell out of the top 10 in Interbrand's annual Best Global Brands report, dropping to 14th place from ninth, [as the estimated value of its brand declined 12% to $39.9 billion.](https://www.digitalinformationworld.com/2019/10/these-are-the-best-global-brands.html) + +At the end of 2019, 30% of the tech insiders who read The Information chose Facebook as the [most disappointing service of the decade.](https://www.theinformation.com/articles/elon-musk-is-tech-founder-of-the-decade-subscribers-say) + +However, in terms of TikTok, it hasn't always been plain sailing... + +It has faced criticism regarding the censoring of videos that do not please China, and has faced [accusations that it is advancing Chinese foreign policy aims.](https://www.theguardian.com/technology/2019/sep/25/revealed-how-tiktok-censors-videos-that-do-not-please-beijing) + +In 2019, lawmakers raised concerns about TikTok's growing influence in the United States, and two senior members of Congress asked US intelligence to [determine whether it poses "national security risks."](https://www.reuters.com/article/us-usa-congress-tiktok/u-s-senators-call-for-intelligence-probe-into-chinese-owned-app-tiktok-idUSKBN1X32J3) + +Last week, it was announced that [Kevin Mayer, Disney's former Head of Streaming, will be TikTok's new CEO](https://www.forbes.com/sites/abrambrown/2020/05/18/tiktok-is-making-a-disney-executive-its-new-ceo/#5154e30056a7), and will serve as COO at ByteDance. + +Mayer's top priority will be to prove to American lawmakers, regulators and consumers that they can trust the Chinese-owned app with their data. + +And that is going to be one uphill battle... + +[https://www.youtube.com/watch?v=XyZTU9uFTqU](https://www.youtube.com/watch?v=XyZTU9uFTqU) +I was really panicked by recent events but still doing my best to HODL. + +Are there any brothers or sisters of mine in this situation? + +Asking just to feel that I'm not alone in this and to get some motivation to HODL. +Dear Mods, + +It has come to my attention the overwhelming flood of Memes that has been emerging in the Hot section of the Sub. + +This constitutes a problem in that new Apes and Visitors are instantly shown memes and shitposts, rather than the Quality DD that so many Apes have sacrificed their time and energy to write. + +This leads to the second problem. + +The flood of shitposts and memes has enable Shills and Karma Farmers to quickly accumulate Karma and continue the loop of memes flooding the sub. + +This leads to the third problem: + +With enough Karma, Shills are then able to bypass the santori algorithm. + +The fourth problem: + +The shill takeover of the sub by flooding with memes and drowning out Quality DD. + +Please Mods, take this seriously. + +Edit: Another Ape has made an analytical assessment on the Shills manipulating the sub +https://www.reddit.com/r/DDintoGME/comments/o2evxb/ive_logged_superstonk_active_users_count_weird/?utm_source=share&utm_medium=web2x&context=3 +I’m curious as to how many per year actually make it to a $1.00. I’m relatively new to investing and I would like to get a realistic view on how many penny stocks get to that magic $1.00 point from around .001? Anyone been around long enough to provide examples and statistics? +Facebook is a growing company that owns many more companies. They are really working to expand What’sApp and Instagram. There is clearly a bright future ahead. + +Microsoft is also a growing company. They also own other companies like Xbox and LinkedIn. In addition, they are looking to purchase the popular TikTok app from ByteDance to get into the social media game. + +Both of these stocks have grown by about the same amount in 2020. In addition, they are both around the same price range. (Only $35 separates the two). + +Therefore, if you had $1000 which stock would you purchase and why? + +Of course, if you have a better option for the 1k, feel free to recommend it. +I’ve watched a few videos and have started a S&D book and there’s really no consensus way to draw the zones. I’m sure the right answer is “it depends”, but is there a general way you guys like to draw zones? I like the idea of covering the whole basing period in order to not miss out on trades, but I plan to start with a small account and do not love the idea of such a wide SL. + +Just wondering where you guys put your proximal and distal lines ya know ? +Are these just beginners emotions or eventually does it become easier? I just started since I have a good amount of cash, and I’m still practicing and learning and have pretty much seen a 17% raise in my portfolio the past two months. But I’m waking up super early, scanning markers, and at night I’m doing research for the next one. Am I doing it wrong? Or is this how you have to start out until you get the hang of it? + +Edit: is it* being a full time trader? Typo in title +After a couple of months of paying the steep tuition of the Options Trading University, I decided it’s about time to quit messing around and start building for the long run. I plan to begin from $1000 in a cash-based account and try to grow up for at least three years. I figured I am quite good with quick day-trades riding candles, and generally, I know how to make money but I have a hard time keeping it. (For example, I tried this 1000 dollars challenge already a couple of weeks ago, and I was up to $3000 in a few days.) So to balance this, what average return should I try to stick with ( I was thinking about 3 percent weekly, is that reasonable?) On this note, I'm always capable of matching these weekly goals, but once I'm done for the week, I make the mistake of switching to risky positions and actually go red. What's a solution for that? Theta? Withdrawal extra returns? Also, at what portfolio size it's more convenient to switch to plain shares instead of options? + +I'd like to hear from people that attempted similar stuff, how did it go, what mistakes you made along the way, and what tips you'd like to hear if you were starting over again. +First, my details for those thinking it is user error on my end. +\- I have been an active PowerUp Rewards member for over a year. +\- My membership is still active. +\- My promotional email preferences are turned on. In fact, I received the Xbox email on 09/26 and the FIFA email on 09/25. +\- My membership is tied to a Gmail email address. There is nothing in my promotion or spam tabs, except for old emails from the PowerUp Rewards team. +\- I have a GameStop Wallet with ImmutableX L2 active. +\- I have not only downloaded Gods Unchained, but also played a ranked level. +\- My GameStop Wallet is linked to the Gods Unchained game. +\- The only piece I am missing is the email containing the promotional code. + +So, I called GameStop to see what may have gone wrong. I waited on hold for 35 minutes, so I assumed my hold was because all of us Apes were calling about this. I was very wrong. + +When I spoke to the customer service rep for PowerUp, he had absolutely no idea what this Gods Unchained promotional email even was. He spent 15 minutes speaking with 5 other colleagues (his words) that also didn't know anything about this. He finally found a sixth colleague that knew something. That person said that the promotional codes "started" being sent out yesterday, but since there are so many rewards members, it may take a few days. I let him know GS needs to better communicate this. He agreed and said it was frustrating that he and his colleagues didn't even know anything about this. I told him that a simple Tweet from the GS handle would easily get the word out to anyone that is going to care enough to call in like myself. + +This whole situation didn't sit right with me. For one, it makes me realize that this promotional Airdrop that the sub has been hyping for a long time clearly wasn't that big of a deal to GS. So little a deal, in fact, that even the people fielding all of these calls hadn't heard about it by the time I called at 8:00am Mountain Time today. And secondly, it makes me concerned by how poorly GameStop communicates. The sub has been hyping yesterday for a while, and for most Apes it was a pivotal moment in the Marketplace launch and progression of features, but to GameStop it was apparently much less pivotal to the point of it being somewhat of a non-issue. + +I share this for two reasons: + +1. To definitively let Apes know that they are not alone if they have not yet received a promotional code for Gods Unchained. +2. To express my concern for GameStop to improve communication. We know that someone from GameStop must frequent this sub, so they must know what Apes are talking about. They know that we read every bit of communication sent out within seconds (like scary fast), so between the miscommunication with other Apes signing up for ProRewards too late and then Apes like myself that have been signed up for a long time but never got the code they said would arrive yesterday (still nothing today), they need to get better with communicating details. So...GameStop employee/leadership, if you are reading this, please do better for us. We are your most loyal customers, investors, and cheerleaders. Please keep giving us things to cheer about. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Check the main page for the sticky post and vote now! + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +The market is not a fan of this deal with ADBE -13% already. It is definitely expensive. + +But, Figma is dominating the design segment and Adobe doesn't have an answer for them. + +They did just report earnings this morning and the reality is that Adobe's Creative Cloud continues to grow and this acquisition will certainly help their Creative Cloud subscription growth by giving designers everything they need by tucking in Figma. + +https://preview.redd.it/hv5w7acmd1o91.png?width=888&format=png&auto=webp&s=26275e95f720559d467c4b5e1cb79db351f9d6b2 + +Adobe has a frankly brutal history of capital allocation with acquisitions, so I understand the hesitancy. + +Price aside, Figma will be a game changer for the future of Adobe and the long term threat they posed to the Adobe monopoly on their Creative Cloud business. + +I guess the problem for Adobe is they did this potentially years too late. But, this brings in every design agency and web designer into Adobe's Creative Cloud. + +They are paying around 50x ARR for Figma (which is certainly growing). But, what will happen when Adobe's distribution is involved? + +Market's reaction is reasonable, yet feels short sighted. Thoughts? +Hey so my 60yo parents are in a bit of a stitch. + +This has been a while coming and theyve made some really bad decisions leading to this. Theyre currently broke and on welfare to pay their way. Dad is struggling to get a full time job but does odd work which keeps them just above the water, mum cannot work. Their mortgage is on interest only for a couple of months. + +Current situation: + +* 30k on credit cards + +* 50k unsecured loan + +* 30k car loan - are trying to sell it but can only get 25k for it + +* 600k+ mortgage - the house is worth maybe that + +My biggest worry is they lose everything and spiral into depression and only see one way out. Also that theyll just work until they die or end up in a horrible home somewhere. +Can you guys suggest a couple of workable ideas for a way out of their mess? +I’m 30 and I’ve got a little bit more then 4k in my 401. I’ve also got a Roth with about 4300 in it. At my current job I’m contributing 3% (down from 12%) and my employer matches. So it’s actually 6%. But I’m only working part time hours so paycheck have never been over $700 or $800. Is this too low of an amount for my age? +How did everyone like [journal day](http://www.reddit.com/r/Economics/comments/1qyhi9/mod_experiment_today_is_journal_day/)? + +[Here](http://i.imgur.com/4uWafcA.png) are our activity statistics (reddit is still calculating subscriptions). Note that this is based on UTC (London time), while "journal day" was midnight-midnight from the East Coast of the US. So it's about 7 hours off. + +Overall, yesterday we had 5,913 unique IPs viewing r/economics (compared to the median of 6,451), and 20,571 pageviews (compared to the median of 15,897). So pretty typical, statistically indistinguishable from the average day. + +I'll post some further thoughts as a comment, and am interested in hearing every one else's opinions as well. + +First, please don't turn this into another flame war thread between Keynesians and Austrians. + +My question pertains to the period after WWII but before the 1973 oil crisis. During this period, the industrial economies allied with the western world adopted Keynesian economics. + +http://en.wikipedia.org/wiki/Golden_age_of_capitalism + +This included the following expansions in various countries: + +* Germany: http://en.wikipedia.org/wiki/Wirtschaftswunder +* France: http://en.wikipedia.org/wiki/Trente_Glorieuses +* Japan: http://en.wikipedia.org/wiki/Japanese_post-war_economic_miracle +* Italy: http://en.wikipedia.org/wiki/Italian_economic_miracle + +This period saw the US public debt as a percentage of GDP decline from over 110% down to around 30%. The US also saw an unprecedented rise in the middle class. In the UK, the average unemployment rate during the period was 1.6%. France had a 1.2% unemployment rate. Worldwide, the world GDP increased 4.8% per year during this period, compared to 3.2% from 1980 to 2009. This also happened in spite of very large tax rates, government intervention in both fiscal and monetary policies, the adoption of universal healthcare in many European countries, and so on. + +My question is simple: how do Austrian economists explain the economic success of this period in their models? +First, please don't turn this into another flame war thread between Keynesians and Austrians. + +My question pertains to the period after WWII but before the 1973 oil crisis. During this period, the industrial economies allied with the western world adopted Keynesian economics. + +http://en.wikipedia.org/wiki/Golden_age_of_capitalism + +This included the following expansions in various countries: + +* Germany: http://en.wikipedia.org/wiki/Wirtschaftswunder +* France: http://en.wikipedia.org/wiki/Trente_Glorieuses +* Japan: http://en.wikipedia.org/wiki/Japanese_post-war_economic_miracle +* Italy: http://en.wikipedia.org/wiki/Italian_economic_miracle + +This period saw the US public debt as a percentage of GDP decline from over 110% down to around 30%. The US also saw an unprecedented rise in the middle class. In the UK, the average unemployment rate during the period was 1.6%. France had a 1.2% unemployment rate. Worldwide, the world GDP increased 4.8% per year during this period, compared to 3.2% from 1980 to 2009. This also happened in spite of very large tax rates, government intervention in both fiscal and monetary policies, the adoption of universal healthcare in many European countries, and so on. + +My question is simple: how do Austrian economists explain the economic success of this period in their models? +In all the economics related subreddits, nearly all the topics can find are related to macroeconomics, such as those on inflation, exchange rates, unemployment, etc. Do redditors not find micro topics interesting? +One baseless claim crypto-critics make is that it has no use-case, is a ponzi scheme, and a blockchain is a less-efficient database. However, when top-ranked colleges and universities offer courses on blockchain and crypto, it leads me to believe there's something there worth exploring. + +&#x200B; + +According to [this study](https://blog.coinbase.com/the-rise-of-crypto-in-higher-education-81b648c2466f) from 2018 (surely the number is higher currently), 42% of top 50 universities offer a course in blockchain or cryptocurrencies. Here's a list of schools offering courses in crypto that I know of or was able to find with a quick search, in no particular order. If you know of any more, please comment and I'll add it to the list. + +&#x200B; + +* MIT +* Harvard +* Cornell +* New York University +* Princeton +* Columbia +* Stanford +* Carnegie Mellon +* Duke +* Georgetown +* UC Berkeley +* U Illinois +* Cal Tech +* UCLA +* U Texas-Austin +* UPenn +* John Hopkins +* Northwestern +* University of Sydney +* University of Edinburgh +* National University of Singapore +* Universidad Europea de Madrid - Spain + +&#x200B; + +Obviously, this is quite a long list. I think it's only a matter of time before we see an explosion of adoption in this space. +One baseless claim crypto-critics make is that it has no use-case, is a ponzi scheme, and a blockchain is a less-efficient database. However, when top-ranked colleges and universities offer courses on blockchain and crypto, it leads me to believe there's something there worth exploring. + +&#x200B; + +According to [this study](https://blog.coinbase.com/the-rise-of-crypto-in-higher-education-81b648c2466f) from 2018 (surely the number is higher currently), 42% of top 50 universities offer a course in blockchain or cryptocurrencies. Here's a list of schools offering courses in crypto that I know of or was able to find with a quick search, in no particular order. If you know of any more, please comment and I'll add it to the list. + +&#x200B; + +* MIT +* Harvard +* Cornell +* New York University +* Princeton +* Columbia +* Stanford +* Carnegie Mellon +* Duke +* Georgetown +* UC Berkeley +* U Illinois +* Cal Tech +* UCLA +* U Texas-Austin +* UPenn +* John Hopkins +* Northwestern +* University of Sydney +* University of Edinburgh +* National University of Singapore +* Universidad Europea de Madrid - Spain + +&#x200B; + +Obviously, this is quite a long list. I think it's only a matter of time before we see an explosion of adoption in this space. +I purchased an old house that needed a lot more work doing to it than I first thought.. at maybe the worst time to buy a house (crazy house prices, increasing cost of living etc). Just wanting some reassurance that it’s not all bad, and things will get better.. +Hello UKPF, + +I'm searching for advice for my mum who is 10 years from retirement and considering a career change. She works as a teaching assistant for a special needs school and is concerned that she won't physically be able to do the job for another 10 years. Due to cutbacks across the board, she has been struggling financially for some time. She has been looking for semi related jobs that would be easier long term, e.g. working with the elderly. But it seems that you need qualifications for all of these jobs now and her experience doesn't count for anything, even though she is clearly suited to the job. + +I was wondering if anyone had any advice? Or maybe some roles we hadn't considered that require little to no retraining? + +Thank you for your time. + + +EDIT: + +Well this blew up more than I thought it would. Some really great advice in this thread and some really nice words of encouragement. My sincerest thanks goes to all of you for taking the time to write something. Such a great community here! +https://www.financialreporter.co.uk/mortgages/nationwide-increases-high-ltv-rates-by-50bps.html + +Well damn. I was just reviewing mortgage options to see if anything had changed, went to check my options on Nationwide's mortgage portal today and noticed that all the products offered are now 0.5% higher than they were last time I checked on Friday. + +Dang. +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 +You seen the success of DogeBonk, its now CatBonk's turn. + +If you reading this, You are still very early! CatBonk currently sits at 1m MCap compared to DogeBonk's 50m MCap. + +CatBonk is an awesome community which actually reminds me of early Safemoon days. + +Developers have applied for CMC and CG. + +TG: t.me/catbonk\_official + +CatBonk ($CABO) is a 1:1 SafeMoon fork on the Binance Smart Chain (BSC) network. Hold and earn automatically generating yield from taxes on all transactions! + +The only rules for CatBonk now are: + +\- NO Dogs, ONLY CATBONKS! + +\- Create memes and spread the meme magic. + +\- Have fun! + +Contract Address: 0xdfaabaa57dec10c049335bdaa2e949b4ce2ead30 + +Ownership renounced + +To prevent manipulation of tax fees, ownership of the contract was renounced. + +Liquidity locked + +By sending all LP tokens to the zero & burn address, liquidity was locked forever. + +Fyi, as a 1:1 fork of SafeMoon, CABO has deflationary properties with automatic yield generation resulting from a 10% tax on all CABO transactions, wherein 5% distributed to the Pancakeswap liquidity pool and the other 5% distributed to fellow CatBonkers who hold CABO. + + +Share Structure: Shares outstanding = 566.22M + +Shares held be insiders = 1.48% + +Shares held by institutions = 42.39% + +Shares in the float = 56.13% = 317,819,286 Short interest = 50.23M (which could be a lot higher with the gap in reports) Short volume Friday = 23.69% = 41,266,003 + +At least 1/3 of the trading float will need to cover and it can't be done in one day. That's why all these hedge funds are calling up their pals to write all their bear stories to try to induce panic/fear selling to help them because they have leveraged too much risk into the trade. + +Sounds like they didn't learn their lesson from 2008. If the accumulation continues with high volume days, bears and hedge funds are in big trouble. +I’ve recently become the sole shareholder of a company whose sole asset is a hotel in Morocco. The place is absolutely beautiful, sits on 2.5 acres, with 2 large pools, stables, hammam, 32 rooms in total, but separated into 10 suites with 1 or two bedrooms each, living rooms, etc. The villa has extensive kitchen and dining facilities and most of the suites are in bungalows surrounding the villa. The suites don’t have kitchens of their own, as dining was done in the big house. There are other small buildings on site such as the guard/gate house, gym, spa, etc. The neighborhood is really nice, with Yves Saint Laurent having owned and lived at a similar villa just a few minutes away. + + +Here’s the question… I live on another continent, with no direct flights to this place. Minimum flight time with layovers is 14 hours. Happily and firmly rooted where I’m at with my family. The previous owner made the mistake of thinking he could manage the hotel from across the ocean and the management and staff walked off. The place was locked up, retaining only an on-site security guard and a gardener who kept the place from being cleaned out or turning into a jungle. + +The place has been untouched for 3 years now and the pool walls have cracked, paint chipped, as well as other issues from not cooling in summer or heating in winter or damp seasons. I’ve gotten an estimate of the equivalent of $200k to bring the place up to speed again, including installing a solar system and other passive energy options. How do I move forward? + +I’m cash poor and won’t be able to get a loan in my home country against a foreign property as collateral. + +I’m not keen on selling the place. What are my options for a capital raise? Do I time share some of the bungalows, using the front end cash to renovate? AirBnB? Partner with a hotel operator? Anyone with similar experience who can share their successes and screwups? Thanks in advance! +It seems I have anxiety, imagined the worst and sellling the property though the logic tells keep it. Has anyone made decisions like this due to anxiety? +Pretty straight forward question. Never been charged an estimation fee for having an electrician come out but also never installed 4 chandeliers in a home before. +We have our personal home and one SFH rental, both mortgaged. + +We are (probably) buying a duplex soon. It will also be mortgaged- will do 20% down. Should we set up an LLC at this point? We have plans of having several units, but likely will accumulate rather slowly. +I’ve seen this property at a judicial auction. I’m very interested in this property as a an investment or maybe even a primary residence. + +My understanding of the this auction process is that these properties have been foreclosed on and therefore have to been auctioned off in order to pay the outstanding debt. It’s my understanding that at the auction I will be trying to outbid the existing bank who currently owns the mortgage of the property as they will try and ensure they property sells for the existing mortgage and if no one outbids them then they get to keep it. + +My concerns are with the actual due diligence process that I should do before going to bid on a property in an auction. I have an attorney that can assist with the purchase process and legal documents. But I’m not sure what I should do before hand to ensure I reduce my risk when bidding for the property. I understand there would always be some risk, however there must be certain things I can do to ensure I protect myself a bit better. + +I’m planning to buy this property on Illinois, Chicago. Any advice or help would be appreciated! + +I found a market with some really cheap housing. Houses that sell for like 15-30k and rent for like 500-700. It’s not a Terrible area. I just find it so weird that it has so many cheap houses. Anyone know why a neighbourhood would be this cheap? And no population is not declining. + +EDIT: and I don’t care about appreciating. As long as it stays where it’s at. I just want monthly cash flow. +I am going through my first rehab now and it’s so weird when you look at photos of beautiful places and look at your place and say “what am I doing differently here”! + +Anyways, I’ve painted the walls of the bedrooms white, installed recess lights, installed new windows, and replaced the carpet. However, it still doesn’t look like the photos of other remodels. I’m looking at my place and I’ve come to the conclusion that the dry wall is what is making it look different. I’m really imaging the place come to life if it had smooth, straight, new dry wall attached. + +What’s weird is I never hear people talk about dry wall as a big difference maker when renovating. It’s always lights, floors, cabinets, paint, etc. Those make a big deal, but I keep thinking that having smooth dry wall really makes a place look clean. + +Thoughts? +I bought a 2 bed, narrow terraced house in zone 2/3 London for ~£400k in 2018, and have lived here without having done much aside from the odd paint job. I'll be here for another 5+ years. As is, the house is liveable but I don't enjoy it. I crave quiet, enclosed rooms and an outdoor space (a side effect of WFH/lockdown). I'm now in a good financial position to get my crumbling bathroom replaced and refresh my tired kitchen. I've budgeted £15k for this. + +I'm considering an alternative - [rejigging the entire ground floor](https://imgur.com/ZvqBBDH) so that the space is better utilised (there is no room upstairs for a bathroom). It'll transform the way I use the house, but will likely cost upwards of £40k. I'd need a loan, but I have £2.5k/month disposable income after all regular outgoings, so it's not a huge impact for me long-term. + +Would it be a sound investment for when I come to sell, or am I being rash and letting the lockdown influence my judgement? The current ceiling price on my street is £450k. There are some houses a few streets away who have done what I plan and sold this year for £495k, but they're also 5min closer to a zone 2 tube station so it's not a fair comparison. +This was supposed to be all too easy for them, like taking candy from a baby. They hired the best and brightest quants and wrote "Artificial Intelligent' systems and plugged it into the trading matrix. "Oh we are so smart", they said to themselves. Unfortunately, their genius robbery machine only works if one variable called X = "SELL". The value of this special variable isn't fully under their control. One day, some crayons fell on a wrinkle-brain Ape while he sat in the zoo (i.e. work). After eating all the crayons, he shouted "Eureka!'. He stood up and wrote this formula with his last crayon -- Trendies = (NOT(X) + BUY ^2) * DRS. The rest is history. +[transaction on blockchain](https://blockchair.com/bitcoin-cash/address/1QEPvGjdteHxPGNXRm5UWzJqVVH5QPf672) was worth $36k when I made it, and now is already down to $30k. Their facebook and twitter is rife others who haven't received any help or even acknowledgement. + +It is transaction number #91c740f6b9c4. The only update I've gotten is the transaction on my account reads sorry we did not receive this money. Which is total bullshit, I sent it to the address they provided. + +I've posted on facebook, messaged them on twitter, send them multiple emails, filed tickets in their support. Nothing so far. + +### Update +Changelly contacted me here, in this thread, and asked for the refund address. (I had already given it to them, but I sent it again, and am waiting for a refund for my 25 BCH which is now worth about $20k usd less then when I sent it to them.) + +### Update 2 +Got it back +Hey all, + +My roommate and I moved out of our apartment in Seattle, WA at the end of August. Recently I received a request from the landlord to pay approximately $500 in cleaning charges. This came as a shock because we thoroughly cleaned the apartment before leaving. + +The person I have been talking with has made all sorts of bogus claims to justify the charges, including saying without proof or specificity that the entire apartment was "dirty," that cleaning charges like this are an "industry standard," and that cleaning charges like this were required under "landlord-tenant law." None of these things are true. After doing research on this I am quite sure that we are under no obligation to pay for a professional cleaning to our apartment unless the landlord can prove that it was left dirty. + +They are now threatening our credit scores. I am dealing with a large management company so I believe there is a good chance they will send us to collections if we do not pay. However, I am also sure that we would prevail in court if it were to go that far. + +Is it worth it to try to dispute this or should I just pay the money they demand? What sort of issues should I expect if I do attempt to dispute it? + +EDIT: I had no security deposit. They are demanding that we pay them. Many are asking about this, so sorry for not making it clear. + +Thanks! +Hey guys, I took out an auto loan on a new car one month before the pandemic. It was rushed, yes, but cheaper than what I was spending on transportation at the time, and then the pandemic put everything in a twist. The cost of the car note plus the ever increasing cost to insure it in south Florida combined with the current over-inflated value are enough to make me ask, what are my options? Is there any way I can get out of this thing, keep my already stressed credit score from tanking, and come out with a little extra coin? Thank you +> The chairman of a leading Chinese state bank on Sunday warned Chinese investors not to buy property now because “there’s no money to be made” due to high prices and alarming vacancy rates. + +> Tian Guoli, the chairman of China Construction Bank, which provides mortgage loans to millions of Chinese households, said that the room for further property price rises was limited and it was unwise to buy at current rates, according to the portal Sina.com. + +> “There’s no money to be made if you buy a flat nowadays. If you insist on buying a home, aren’t you trapped at the high price level?” Tian told a forum organised by Peking University’s Guanghua school of management. + +> The warning by Tian, who is an alternate member of the Communist Party Central Committee, came at a time when the country is in heated debate about the role of the property market – whether it will lead to an bust or whether it can help shore up the economy. + +https://amp.scmp.com/economy/china-economy/article/2179289/chinese-state-bank-chief-warns-against-buying-property-now#click=https://t.co/ZRHbrPun3Y +Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering + +https://www.bloomberg.com/news/articles/2018-01-11/dropbox-is-said-to-file-confidentially-for-initial-offering +Ethereum, you've clearly won, my heart. + +When you start, to take a dip, you flip the script and right the ship + +Despite many coins down 30 percent, not far from your ATH is where you've went. + + +And where you'll go, we only know, it will bring us joy, whether fast or slow. + +And here I send, this ode to you, so others may know the truth + +That Ethereum, at the very least, is one enticing, sexy beast +[https://www.news.com.au/finance/work/at-work/canva-amazon-google-atlassian-and-jane-street-paying-graduates-salaries-up-to-350000/news-story/284c00dafcb26d16fa0935852cc83f0c](https://www.news.com.au/finance/work/at-work/canva-amazon-google-atlassian-and-jane-street-paying-graduates-salaries-up-to-350000/news-story/284c00dafcb26d16fa0935852cc83f0c) +That's right. Every time crude oil prices have rises by 50% of the standard deviation over a 50 yr period, the stock market has experienced a full recession. We are breaking into that ceiling currently and with the Nasdaq officially entering a correction, there is a VERY high probability the market will fall much further. While this is just a correlation, and a very tight one at that, the possibility of a direct causation is entirely plausible as oil is a commodity that effects nearly all aspects of our lives. It should be noted that foreign wars aren't the only things driving up prices, inflation has hit record highs with the 2 year treasury being close to matching the 10 yr treasury payout which is a phenomenal event. The only real upside to all of this is that corporate earning seem to be doing fine and the fed can still take actions to address inflation without likely escalading the situation which would not prevent a crash, but reduce the time it occurs. This is not financial advise, but I am hedging against further drops to my portfolio though inverse ETFs or other means to prevent excessive bleeding if a crash is to occur. I am also still heavily invested in commodities such as oil and foods which are likely to keep rising with demand. Best of luck to everyone during these times. +Longtime lurker bathing in autism and tendies here, love the sub, but for the love of god change the Logo back. Daddy Bezos doesn’t need to run this too. +This subreddit is (appropriately so) an echo chamber of the benefits and pros of FIRE, but not really the cons. This is not a bashing post but instead intended to discuss scenarios causing potential regrets or cons of FIRE. I hope this is helpful to most of us, because downsides, as few as they can be for FIRE, certainly do exist. A few that I can think of: + +1. +If you fail years after retiring, you may no longer be as marketable or hireable in your past field of experience and may be forced to take a menial low paying job to survive. Meanwhile, your coworkers from before are still doing fine with their old job with better and perhaps more tolerable income stream, than your new gig stocking shelves at walmart. + +2. +You become very sick or disabled early after FIRE, and then wish you spent more of your wealth earlier when you could have fully enjoyed it. + +3. +Very high inflation and stagnation wrecks both the bond and stock market just like in the 70s, but more prolonged. Your portfolio is unlikely to recover as you are forced to keep selling more and more of your principal to survive, as the costs of living continue to increase rapidly. You wish that you had spent your money earlier on things or experiences to enjoy because now your portfolio is being lit on fire and you can’t ever get it back. Inflation can be a great equalizer because your peers who didn’t save anything now have their fixed debts become cheaper to service, while your savings are eroded. Also inflation will cause you to withdraw more, and can potentially push your withdrawal income into higher tax brackets, destroying even more wealth. + +4. +Universal basic income is somehow implemented and almost everyone achieves the same FIRE lifestyle as you, even if they didn’t save a dime. Or, technology advances exponentially and everybody gets plugged into virtual reality paradise for a better life, so all your saving and money hoarding for decades put you in no better spot than everyone else who didn’t. You missed out on spending your wealth earlier, before these sweeping changes. + +5. +Political turmoil: If you retire to a southeast Asian country as an expat for example, but a coup occurs and your assets are seized by the new dictatorship. Your acquintances who didn’t FIRE are still in your home country working in the same cubicle but are clearly better off. + +Or if in the U.S., intense populist sentiment allows new lawmakers to get elected on “eat the rich” platforms and destructive wealth taxes areimplemented which ruin your portfolio. You envy your neighbors who spent and lived their income while saving nothing, and now you are emptier handed than they are. +I don't often start new threads but I had a easy day at work today and spend day on Internet coming to this conclusion. + +FIRE scene has hit a wall. I feel like everything that could have been possibly said about FIRE has been said already. MMM went from posting 3 posts a week to posting 1 a month, RootOfGood post mostly state of finances updates, ERE hasn't written a thing for ages. Other bloggers also reduced amount of post per month. + +Every new book is just repeaten over what we already know and brings almost nothing new to the table. + +Even I myself was considering to start blogging for fun as a jurnal of my FIRE adventure but then I realised I would bring absolutely nothing new to what has been said already. + +Does anyone else feels the same? Don't you all feel like there is nothing else that can be said about FIRE and conversation has run out its course and there is no new angle and nothing else of value to add apart of all of us just posting monthly updates? + +Don't get me wrong I love FIRE and I'm motivated more than ever but just feel a bit sad that it appears that years of heated up debates and jaw dropping moments of realisation in something new are behind us. + +Feel free to show me how wrong I am and how much more there is to discover. +Yesterday's post on mortgage recasting was great. We did that on our most recent mortgage to good effect. + +But what if you are nearing FIRE and plan to buy your forever home outright? + +There is another mortgage approach you can use in this situation. Yes, a mortgage, even if you don't plan to carry a mortgage. + +Negative Mortgage Points, or, Selling Points to the Lender: [https://www.investopedia.com/terms/n/negative\_points.asp](https://www.investopedia.com/terms/n/negative_points.asp) + +Normally people buy points with cash at closing to reduce the rate. With negative points you're receiving cash at closing in exchange for a higher interest rate. If you are buying a home that you intend to own outright, you can use negative mortgage points to have the bank pay your closing costs, and then pay the mortgage off soon after. + +To do this you should **verify there are No Prepayment Penalties!** You want to be in a mortgage you can pay off whenever you want. + +When we bought our downsize FIRE home we had 3 main purchase goals: + +1. Overlap with our previous house to make the closing/moving process less stressful. +2. Own the new home outright soon after closing so that down the road we could more likely use the ACA subsidy. +3. Minimize costs and taxable account churn (didn't want to liquidate assets and incur capital gains). + +To do this we talked with several banks. The two we went furthest with were Ally and Bank of America. Both offer (or did at the time at least) negative points mortgages with no prepayment penalties. We made it clear with both that we planned to retire early and pay off the mortgage (all true, but we didn't discuss timelines), and they expressed no concerns with this. In the end we used Bank of America. + +The negative points gave us >$4000 toward closing, leaving a small three-figure sum that we paid. There are some rules - you can't pocket cash, and I think some costs may have been unable to be paid with this credit. Non-lender-related closing costs were about $2500. So we netted almost $2k vs closing with no mortgage. Edit: And after accounting for mortgage interest paid, our overall net savings were about 2/3 of that. + +Downsides? + +* A home purchase with a mortgage is a lot more hassle since you're dealing with a lender. And the lenders who we found that offered this were big banks, which can be a pain to deal with. +* You have a higher interest rate, so if you change your mind you have higher monthly cost. But it will be a while before the benefit of up-front cash is negated by that difference in interest rate. So an extra year or more carrying the mortgage isn't a big deal. + +This worked out well for us. We had a nice overlap of the two homes, and then paid off the new mortgage with funds from the sale of the old house. We had that new 30 year mortgage for less than 3 months. + +In the end it didn't end up being our forever home. After a bunch of appreciation plus the pandemic we decided to make a change after only a few years. For that next step we up-sized just a bit for more WFH/SchoolFH space, and wanted a mortgage again. That early payoff of the previous mortgage didn't hurt us in shopping for a new lender at all, and this is when we used the recast for another low-stress move. +I'm just a 'small-guy' (gal) investor and am playing it very long, hoping to be around long enough to enjoy the profits lol. My investment goal is to surprise my hubby with a cruise for our 50th anniversary! It's a ways off, thank goodness. +I know that most of you worked really hard for your success. But is there also someone who achieved FIRE through pure luck? Like winning the lottery, crushing it in the casino or mining Bitcoin years ago. +Just started two weeks ago. Only doing cash secured puts / wheel at the moment. + +What do you guys do on these Green Day’s like today ? I couldn’t find any positions to open, premiums too low. + +I sold some really nice puts last week on the red days. + +Edit: *1 day later* => *red day* => *opening nice positions for decent premium* +Closed all my positions today. Going to take a break till 2021 and find myself a real broker. + +Thanks theta gang for helping me to get rid of wsb mindset and get in the green. + +Dips on the graph are where I relapsed and bought options :) + +Positions: + +Mostly wheeled stocks that I like : AAL, PLUG, AMD, INTC. + +Did some plays riding wsb, selling NIO, PLTR, QS puts. + +Tried playing COST special dividends, was in the green in the end but not by as much as I wanted. + +https://preview.redd.it/zq4m8jtvfe561.png?width=729&format=png&auto=webp&s=5e210b759020d0215448ac808b34c831a3716230 +Hey, thetagang, I've just started my journey in stonks and options not long ago and I've finally decided to give options a go, but I don't want to end up yoloing all my live savings into FDs and end up living in the streets. Thus, I thought of trying out some thetagang strategies. Before making my first trade, I've been doing my own research online about options in general and binged real hard on the theories like the greeks and all those, though I'm still a tad confused in the end. Despite that, I've decided to proceed on and start on my first trade with some basic strategies, namely Wheeling PLTR and selling PCS on SoFi. Due to my meagre account size with only around 2.5k\~ ish in USD, I figured that I'd start off with some safe credit spreads and wheels on PLTR since I don't mind owning it. + +&#x200B; + +**Setting Up** + +Frankly speaking, I've already made another trade before this week, and tried to sell weekly puts but I decided against it and roll out my positions. So, for this trade, I focused on puts with a 0.3 - 0.4 delta and 30\~45 DTE. As such, I sold a OTM PLTR put at a strike price of $22 expiring on 17/12, and I noticed that my account "margin call" margin has increased to around 1.1k USD. Though, I didn't really take much of a notice and proceed to setup my PCS for SOFI by selling a OTM put at $20 and buying a put at $18, while collecting a net premium of $63 which brought my breakeven down to $19.37. However, after this trade, my maintenance margin increased by another 1k and thus, bringing the total "margin call" margin to 2.1k\~ and my account's risk level was immediately raised to "High Risk". I panicked a little bit, but I ignored it in the end. As both PTLR and SOFI have been doing pretty shit lately, both my PLTR CSP and SOFI PCS were down by quite a lot, and my account's risk level has finally been brought up to "Warning", one level before "Margin Call". + +&#x200B; + +**Possible Margin Call** + +For my first trade, margin call sounds like utter hell to me, so I quickly consulted customer service, and I was told that Cash Secured Puts and Spreads are not supported by the platform as of now, and the only way of avoiding margin call would be to close my positions, deposit more money or transfer in shares. I clarified again with the customer support and I was told that despite not being assigned on my puts, I would still be in a margin call and would be forced to liquidate all my position should I not take any action within 48 hours upon margin call. In spite of being well aware that my maximum loss for my SOFI PCS is only $137 and that I'm happy owning 100 shares of PLTR @ $22, I was afraid of a margin call and I had to close my SOFI spreads to bring down the risk level of the account and so I suffered a loss. Though, I left my PLTR put as is, since my account's risk level has been brought down to the "Low Risk" zone. + +&#x200B; + +**Question** + +After this mess, I was left wondering should I also close my PLTR put since, presumably it's being treated as a naked put by the platform, despite having enough funds to cover assignment or should I leave it be? Also, is it normal for a vertical spread to increase my account's margin by 1k-ish? Or rather, in general, is there anything that I can improve on for future trades? Any help is appreciated, thanks! + +Here's a screenshot of my positions: + +https://preview.redd.it/lzk1sg8zkk081.jpg?width=1080&format=pjpg&auto=webp&s=ad5be34488f44956d3d65a9c803e230de02d95cb +I wanted to draw money from my checking account but couldn't due to "insufficient funds". I checked my bank statement and it shows a deposit of $13480 which absolutely isn't my money. It was deposited on the same day as my last paycheck which is (unfortunately) much lower. I called the bank and they said the large deposit was flagged as fraudulent so they blocked my account while they are "investigating". I didn't make that deposit though, and I have no idea who could have, people around me don't deal with that kind of money. I asked that they at least release my paycheck but they said they can't. I think it's on them, they made a mistake when they deposited the money on my account instead of the intended account. I'm freaking out because I have bills and no way to pay, my only income is my paycheck. The bank told me there's nothing they can do and it might takes days to investigate the deposit. Anyway even if it clears there's still be the problem of money not being mine on my account. Is there a way I can get the bank to release my paycheck immediately? After all they made a mistake, not me. Thanks for your help. +Coinmarketcap several minutes after the dump (peaked around -78%): [https://imgur.com/a/MbnSLZV](https://imgur.com/a/MbnSLZV) + +I tried to warn everyone two days ago. But now here we are, it's too late, the team has cashed out. + +Most of you saw my recent post here about all the red flags of the recent Apollo cryptocurrency - the way they censored their social channels/Telegram, how they encouraged their members to stock up and and BUY and banned anyone who talked about selling instantly. How they actively pumped up the price of their coin the past couple of weeks through fake news and shill armies. + +That's not why we're here. + +I was just online when I notice a sell order on the APL exchange. Wait not just one sell order. Many. And then I went to the other APL exchanges. Same situation. Suddenly hundreds of millions of APL were hitting all exchanges all at once in a massive dump that sent the price shooting down over 70%. + +I immediately went to the block explorer. The Apollo block explorer features no rich lists for obvious reasons, so I knew I had limited time to find the dev’s accounts and their transactions that would cause the dump in the history. Low and behold, I found a couple of them: [https://imgur.com/a/vXi2GXE](https://imgur.com/a/vXi2GXE) + +[https://explorer.apollowallet.org/accounts/8638689226260340876](https://explorer.apollowallet.org/accounts/8638689226260340876) + +[https://explorer.apollowallet.org/accounts/4357878630730037753](https://explorer.apollowallet.org/accounts/4357878630730037753) + +[https://explorer.apollowallet.org/accounts/8981386827427737067](https://explorer.apollowallet.org/accounts/8981386827427737067) + +[https://explorer.apollowallet.org/accounts/285778997163958679](https://explorer.apollowallet.org/accounts/285778997163958679) + +I didn't continue to go back in time on the block explorer, but you all know where to go look if you want to find the team's accounts now for this "anonymous" currency. I checked the balances on several of those accounts and some had around a billion APL, with the others having hundreds of million. The only people who own anywhere near this much are the Apollo team (and possibly John McAfee, lol). + +I will continue to edit this and add information but want to get it out there now while this is happening so people can start discussing it in here. + +Previous post from 2 days ago if you want to catch up on what's been going on up until this point: [https://www.reddit.com/r/CryptoCurrency/comments/ai5b62/apollo\_apl\_is\_a\_massive\_scam\_and\_you\_are\_all/](https://www.reddit.com/r/CryptoCurrency/comments/ai5b62/apollo_apl_is_a_massive_scam_and_you_are_all/) + +*(My last post was removed by the automod for having the word "Mega-thread" in the title. I'll repost everything here so people are aware of what's happening and continue to provide updates.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Updates + +**7:10 AM update**: APL Telegram Channel put on read-only mode for 10 minutes + +**7:25 AM update**: Re-enabled, the admins are now threatening to mute anyone who mentions anything about the dump and encouraging people to "buy cheap": [https://imgur.com/a/xyptHBp](https://imgur.com/a/xyptHBp) + +**8:05 AM update**: They are BANNING everyone from the telegram who tries to talk about the situation in a negative light, asks a question about what happened, or tries to ask any of these questions over PM to another member: [https://imgur.com/a/kWx3ULe](https://imgur.com/a/kWx3ULe) + +**8:07 PM update:** Bitmart's entire exchange has went completely offline as well (the main exchange for trading APL). APL is now only actively trading on Coinbene. To Check Statuses: [Link to Bitmart](https://www.bitmart.com/trade?symbol=APL_BTC). [Link to Coinbene.](https://www.coinbene.com/exchange.html#/exchange?pairId=APLETH) + +**9:10 AM update:** APL Telegram is saying everyone is buying APL on Coinbene (only active APL exchange left right now) to get back in. However, every one of these "buy" trades is actually just a wash trade and never actually appears on the exchange - it's conducted between the highest bid and lowest ask. You can watch the order book for 30 seconds and look at the prices of the last "buy orders" to confirm that this is wash trading. + +**9:14 AM update:** The APL founder Steve McCullah is finally in the Telegram, he has not acknowledged the situation yet and has said "everything is great": [https://imgur.com/a/idnE6wH](https://imgur.com/a/idnE6wH) + +**9:18 AM update:** Steve confirms everything will be fine and includes rocket ship emoji's in his post to ensure his loyal telegram followers that this coin is still going to the moon: [https://imgur.com/a/BkjA0MA](https://imgur.com/a/BkjA0MA) + +**9:35 AM update:** I'm seriously having issues not typing anything in the Telegram so I can continue to provide updates. It's getting tough watching Steve continue to ignore the situation, using rocket ship emoji's, and acting like everything is just perfect after (allegedly) dumping a ton of coins earlier this morning on investors. All opposition or people speaking out in the group have already been banned and messaging has slowed down a lot. Steve is telling people not to worry about anything as there will be a big announcement today or tomorrow: [https://imgur.com/a/NKFTkM3](https://imgur.com/a/NKFTkM3) + +**9:53 PM update:** Steve is has just continuing on with the "everything is fine" narrative and not acknowledging anything. + +**9:55 PM update:** I just want to make people aware that this could be happening but by no means definitely is (this is theory, not fact, but should be considered given the situation): + +MASSIVE buying up of all the sell orders just appeared in the order books on Bitmart, the main exchange for APL and the place where Steve or the team deposited the majority of their APL: [https://imgur.com/a/LrhNnQn](https://imgur.com/a/LrhNnQn) + +Steve starts talking about the APL price and how it's going back up again RIGHT as these buys happened: [https://imgur.com/a/gobtQUf](https://imgur.com/a/gobtQUf) + +It seems very obvious to anyone watching the Telegram that he is trying to cover his tracks by buying up back to a reasonable price so the price of APL dropping 78% in 1 minute earlier doesn't seem apparent. Like I said, it's what it looked like but there's no way to confirm that's actually what just happened. +So my previous apartment complex is trying to get me to pay $500 dollars in damages. I took many pictures of the apartment before I moved out and told them I was not going to pay any fees unless they provided proof of the charges. I left my apartment spotless although due to moving out after the office closed, I was not able to do a walk thru with the office staff. It was a small one bedroom and they charged me $350 alone for the carpet, which was clean and is only in the bedroom! So I am quite positive they are overcharging if they even changed the carpet out all. +They sent the bill to a collections company who called me and I explained to them the situation and told them I wanted to dispute the claim. They still call me everyday but I have been ignoring the calls because they still are trying to get me to pay the $500, but I checked my credit report last week and they put a collections for the amount of $9. +Before I call the collections agency and ask questions, is there a way that I can justify paying the $9 dollars on my credit report, even if it was a mistake on their end? + +Hi Reddit! + + I started a small business a few years back, and its been pretty successful. I went through my life as soon as the money started rolling in, and cleaned a bunch of stuff up: + +1) Paid off mine and my wifes credit reports and student loans + +2) Paid off both of our car notes and own both of them outright + +3) Paid back all our debts, public and private + +4) Started paying all my bills with a dedicated bank account that has 3 months of bills in it. (My safety net) + +5) Filled my house up with all the amenities and tools that my wife and I have been wanting for the last 10 years. + +Now that all my ducks are in a row, its time to start hoarding some coin for our future, but the problem is I have absolutely no idea what I'm doing. I watch financial news reports on CNN and MSNBC and I swear to god they might a well be speaking in Sanskrit. I looked around online and found a billion different people all saying they know the secret to investing, and I cant tell the shylocks from the con men from the legitimate advice. + +Where do I start? Where do I go to learn how to manage my retirement at the age of 40? I know I should have figured this out years ago, but I was dirt broke and living paycheck to paycheck back then, and this is the first time Ive ever been anything but a dirt poor farmer. + +Any suggestions? I have about $5000 every 60 days I can stash and Id like to make it grow. + +Thank you very much. + +EDIT: Holy sheep shit. I came back from working and found like 90 replies. Thanks guys! Im sorting thru it all now. + +EDIT: Stop sending me PMs and telling me to show my father some respect. Ive recieved dozens of them. To be clear, calling someone a redneck isnt disrespectful where I come from: it means your a hard working bad ass mother fucker. +I recently got married, and now thinking about how best to combine finances. Looking for advice on whether we should have a joint bank account or investment accounts, what to do with existing accounts, how to manage joint finances etc. interested in both organizational advice (ie how to manage accounts) as well as advice from those who’ve been married a while on how to set up finances so that were both happy (eg an older colleague told me that we should both have our own bank accounts for discretionary spending, in addition to a joint account - helps avoid fights about different spending habits). + +If it helps, we have similar individual net worths (2M each) and different incomes (800k vs 300k), we’re very comfortable with the idea of sharing finances and have been together for 7+ years) +When it comes to personal finance, we all love to talk about investing, saving and paying off debt, but sometimes a big area that I think we do not pay sufficient attention to is how to maintain our jobs and get promoted. Because most of us here rely on our jobs to pay off mortgages and other living expenses, I was wondering if whether any of you more experienced folks would have any advice in this regard. + +Some things I have learnt throughout the past several years of my working experience include the following (**although this is only relevant to my situation and may not be applicable generally to everyone**): + +**Tip 1: Sometimes, it is not worth it trying to be a superstar performer** + +Drastically exceeding performance targets at work simply establishes higher expectations and therefore higher standards, and failure to adhere to those standards and expectations can be detrimental. Rather, sometimes it is better to perform at an average or above-average level, depending on which one you are more comfortable with. + +**Tip 2: Do not speak ill of colleagues** + +Colleagues are not your friend. If you go and bitch about someone behind their back, even to colleagues or ex-colleagues that you trust, there is a significant or realistic possibility that word will find its way back to the subject. Even minor things or grievances should not be mentioned as things can be misinterpreted or blow out of proportion. The risk is simply not worth it and you will quickly become encased in drama or politics, diminishing chances of promotion or growth within the company. Remember that humans love drama and chit chat spreads like wildfire. Avoid this like the plague. Say less, not more. Be reserved. Be measured. Sensible. Filter your thought processes and pay attention to every word that is said and more importantly how it could be interpreted, rightly or wrongly. If in doubt, say nothing. Awkward silence is better than drama or politics. + +**Tip 3: Realise that your job is not your friend** + +One day you will be loved by your colleagues and your organisation, but the moment their priorities change, the business goes under or a restructure happens, all of that love and affection goes out the window. The truth is if you resigned tomorrow, a new job opening would arise and you will be forgotten in a few weeks. Yes, get along with your colleagues and feel good about work, but recognise that they are not family and they will not go above and beyond for you. At the end of the day, it's business. Any display of loyalty by the company will often (in my experience) have an ulterior motive (eg the business needs you; hiring someone else to replace you is not easy; the work cannot be outsourced etc). As depressing as it sounds, you are just a number on the payroll system, a cog in a bigger machine that will f unction without you, no matter how important you are. No company can operate if its employees are indispensible. + +**Again, all of this advice is personal to me and I am not saying it is true in all cases**. To play devil's advocate, someone who has worked at a small family company for many years would likely say that your job is your family, that you should exceed expectations and that you should be honest in expressing your feelings about other colleagues. And this would 100% be valid based on their own experiences. + +Even though I work in tech, most of this advice may not be relevant to people working in tech. I think each of us brings unique experiences and lessons and I'd love to hear yours. +Just venting my frustration with the current US tax law in hopes that, maybe, we can some how begin a movement big enough to change it. + +It's so frustrating that some of us have to liquidate a part of our current investment holdings, and thus, lowering our overall future ROI, just so we can pay someone who risked none of his own money his share of the pie. + +I am all for paying taxes. It's only right that we pay for the safety and conveniences that our country have given us, but taxing crypto to crypto transactions is just stealing. Crypto to crypto transactions is not capital gains! We should not treat crypto gains like fiat gains because we simply can't walk into a convenient store and make a purchase with the majority of cryptocurrencies that are currently available on the market. It should still be considered within the realm of a long term investments holdings until we cash out to fiat. It's only fair that we're taxed, only, when we cash out to fiat and into our bank accounts where we can actually spend it . Until then, it shouldn't be taxed at all! + +It's frustrating because some of us have yet have the privilege to enjoy our investments in its fiat form, and here we are selling off some of our holdings, cutting into our future overall ROI, putting our dreams on hold, just so we can pay Uncle Sam his share of our hard earned money on a risk that we, ourselves, took. It's wrong on so many level. The US government should reconsider only taxing cryptocurrency investments after it gets liquidated into it's fiat form and into our bank accounts where it'll be spent as part of our income. Until then, Uncle Sam is just being a bully, and what we're sacrificing to pay this bully is just BS. We're giving you your fair share of the pie, Uncle Sam! All we ask is to be fair to us in return, too, please! + +P.S. I think crypto to crypto transactions should still be considered as a long term investment hold since we're not able to spend it like income. +I'm sorry if this isn't the best subreddit for this, if you know of anywhere else you think this would fit better, please let me know. + +So, very soon (probably 1-2 weeks), I'm going to be completely on my own. I'm in North Carolina (Clayton area). I'm 19, don't have a job or car. College is a possibility at some point, but I'm not focusing on it right now. I only have about $400 in savings. Yes, it's a messy situation and I'm not really sure how I'm gonna get out of it. It's partially my own fault, partially not, but I'm going to work hard to get myself out of it and get better. + +What I'm wondering is, simply put, *how the hell do I do this?* Because I have at least a week, I have time to get a job and housing before I'm on my own. What I'm asking specifically is: + +-How do I get a job, and what kinds of jobs should I try to get, having nothing more than a high school diploma? I don't mind working basically anything, including nighttime jobs. I just need something that will pay rent. + +-What kind of housing can/should I get? I don't have any method of transportation other than a bike, so I'd probably have to focus on public transit unless my job and home were close. + +-*How* do I get housing? How can I drop money for security and everything with only $400? Is there any way I could get some kind of loan or something? I don't mind basically any living situation, I just need somewhere to sleep. + +Has anyone else been in a similar situation before? If so, how did you manage? Any tips or anything? I really know nothing about living on my own and I don't want to become homeless. Living with family isn't a possibility here. + +I'm sorry if this is a bit of a rambly mess, I don't have much time to figure things out so I'm quite stressed. +Hi everyone, + +Long time reader and admirer of people that have achieved FAT fire on here. + +I’m in a slightly different situation to most people on here as my income is from professional sport and I only have a limited timeframe for earnings. I’m approximately halfway through my career. + +Total earnings post tax so far 3.4 mil. + +Under contract for 3 more years, worth 5 mil post tax + +Assets +1 apartment full paid earning 8% rental return on purchase price of 130k +1 apartment fully paid 140k not earning any income with a family member living in it +1 apartment with 75% paid off purchase price 360k earning 1200 per month. +Primary residence 25% paid on a 15yr mortgage purchase price 1.5 mil + +700k approximately split 80/20 between a world etf and a emerging markets etf + +I’m DCA Into these 2 etfs approximately 60-80k per month and will continue to do this for as long as I can. + +50k of random individual shares + +My ultimate goal is to be able to finish my career with a steady income from investments to the point where I don’t need to work for money and can work in something I enjoy. + +Obviously biggest thing for athletes is lifestyle creep and in aware we’ve had a little bit of this. But I’m trying to keep it under control. My monthly spending is approximately 10-15% of my monthly income. The rest goes into cash savings for future investments, DCA into the ETF funds and paying the mortgages. + +I’m always a little unsure because unlike most people here I’m not going to have a high income for 30-40 yrs and once I’ve finished my career it’s hard to set into a job that gives a salary anywhere near what I make in sport. My investment time frame is approximately 8-10yrs and then I’ll probably need to start withdrawing a little from my investments and hopefully have some kinda job that supplements my yearly living expenses but not necessarily necessary. +My fiancee and I want to start outsourcing some of our household duties to free up our very limited schedule. Things like cooking and meal prep (personal chef), cleaning and laundry (housekeeper or maid service), and schedule coordination and errand running (personal assistant) are things we'd love to have someone else do as a part-time gig. + +Who here has done this, gone out and "outsourced" part of your daily life? What do you outsource? How did you find your "employee"? How do you like it? What are the pros and cons of such an arrangement? + +Any thoughts or guidance from those who have done something similar would be immensely appreciated. + +&#x200B; +Has anyone done it? I’m asking here because it’s something I *wouldn’t* do if money was an issue. + +If you’ve had it done, especially face-altering surgery, was it worth it? How far did you travel to get a good doctor? How much did you get done? Tell me the details, please! + +I *really* want to get blepharoplasty, but I’ve seen enough botched stuff that I’m nervous. Travel is a necessity, I live in a backwater, but I can go anywhere. +I have an insurance payout coming to me from a childhood accident. What should I do? Convert the USD to Euro or Kuna up front, or keep it in a U.S. bank? I have dual citizenship by the way. My father is pushing me into investing in tourism real estate rentals. I was thinking to "diversify my potfolio" after taking like $20k of it to spend. I have free apartment to live in provided by my parents. What would you all do? +First of all, English isn't my first language, so please let me know if i need to re-phrase something. + +&#x200B; + +Hi.So i'm asking this question for my mother, since she is a bit confused whether or not she has any rights to some inheritance. Her mother died 15\~something years ago, where the entire inheritance was left to her dad. He then later re-married. Then around 2 years ago, he died and left the inheritance to his wife (The new one). Then 6 days ago the wife died, and we are all a bit confused whether or not, my mother has any rights to her inheritance? + +&#x200B; + +&#x200B; + +Edit: She has 3 kids. (The wife) +Edit: From Denmarks if that's any help. + + +&#x200B; +As the title says, I am 24 years old and living in Croatia. +I currently have around 4000€ in savings and I am looking to invest this longterm, for around 15-20 years. + +Which sites would you recommend? +I am planning to invest in VOO and more than 90% in Tsla. +Hello, we live in Europe but interested to save consciously. I’be read a lot of information by now that by saving 100 $ a month in the SP500 ETF, one can save a million in 30 years. That’s something we would like to do. The problem is it is so unclear how to do it, e.g. I contacted both our banks and they only offer investing into their own funds and the cost of transaction is blatant 75 EUR (!!!). If we want to invest 100 EUR per month, this is absolutely stupid. How do you guys manage it? +PS, we are far from finance, coming from a third world country. We want to make savings; it seems you are stupid if you don’t follow such a “simple advise” as saving just 100 per month, but honestly, I can’t get my head around on how to do this? Is it some fundamental difference between Is and Europe? Are there option in Europe to do this? + +Thanks in advance +Hey! 22 from Spain. Where i live nobody really talks about it, but I figured now would be a good time to start investing the little money I earn as a (still) college student. + +Was planning on simply just doing about 25 bucks a week on an index fund, like the S&P 500, since my only objective is to not have my money sitting on my bank account and hopefully see compound interests do their magic and just focus on super long term gains. + +Problem is I literally know nothing about investing, literally zero. I have been researching a couple books so that maybe I can expand my knowledge and invest (also for the long term) on specific companies and not just index funds, but I don´t even know how to actually invest (as in how to buy stocks). Do I need to create an account of some sort somewhere? I am aware maybe investing without knowing anything about it is probably not the greatest idea ever, but I reckon buying S&P 500 shares (or something similar) is very low risk, plus I want to start putting in money asap. + +I´m sorry for being so vague, but I´d really appreciate any help I can get! +HI, I recently started to get interested in Stocks, ETFs and CFDs. I've been investing in crypto coins until now. Mostly for fun or because I really liked the projects or white papers/techological basis. Conducting Due Dilligence on dApps, Blockchain and Stuff like that is pretty easy for me since I'm in the industry and going on is just mostly holding and waiting it out like IOTA or AMB. But I never invested a "huge" amount money at once (small amounts over a long time) and mostly just took profit and invested into other coins and was quite successful at that. + +But how do I start with Stocks/ETF? I have researched some companies and sectors I find interesting and promising, but I don't want to funnel all my funds into "risky" stuff. How can I start to get a more safe portfolio? Or is it already safe? What does safe even mean and is this important? I dont think that my usual approach, like in cryptos, would work here, since there a totally different markets, fundamentals, powers, and players at work. + +Can someone point me into a direction? Is 2k even enough or should I aim for a higher initial capital and do a "split" like 2k now and asap 3k? + +&#x200B; + +FYI, these are the stocks I started to look into and the "sectors": + +Biotech/Medicine/Psychedelics: + +\- HIMS +\- ZOM Zomedica +\- EXEL Exelixis +\- BNGO BioNano Genomics +\- SENS Senseonics +\- SYRS Syros Pharmaceuticals +\- ALPHA Pharnext SA +\- MINDMED Mind Medicine + +Tech/Materials/AI: + +\- NVDA NVdia +\- AMD +\- BB Blackberry +\- HYLN Hyliion +\- NET Cloudflare +\- TSLA Tesla +\- PLTR Palantir + +Space: + +\- ROKT ETF +\- SPCE +\- UFO + +I'm also looking into Virtual Currency Providers like KOIN, more Space and Military/Defense like LDOS/LMT, deeper/broader into Tech like 5G/Cloud/Semiconductors like AMT/QCOM and Transportation/delivery like FDX/UBER/UPS. + +I also thought on Clean Energy and more into Electric Vehicles, but I'm not really sure if I want to go down that route. Same for important materials and metals like Palladium or emerging markets like JMIA. Might change my mind tho. +CRO has received a lot of criticism over the months and years in here. Some argued it didn’t have use cases, was just a copy of binances coin, or people were honestly flat out ridiculed for having CRO as part of there portfolio. + +However crypto.com have gone on the most aggressive marketing campaign I have ever seen. Sponsoring major sports like the f1, obviously getting the naming rights to the staples center & having big names such as Matt Damon promoting it. + +They have been extremely successful in literally shoving it in everyone’s faces and getting everyone to take notice. This is what undervalued and forgotten projects such as digibyte need. + +Love or hate CRO it has also been fantastic for crypto exposure and adoption. Congratulations to all the CRO hodlers out there hope you guys are on your way to millionaires 😊🚀 + +EDIT: love the positivity in the comments guys, this is what crypto should all be about 💪 a lot of hate around here recently so it’s good to see a friendly comments section :) +I hope this is ok to post. I (28f) would like to invest in some stocks. I literally have no clue how or where to get started. I have no one to advise me on this. Is there anyone that could lend some friendly advice for a newbie? +**Edit: Don't understand the downvotes. Trying to have a discussion.** + +I want crypto to succeed. I'm not a hater. I am highly exposed and continue to hodl. There's nothing I'd like more than to open Binance to a sea of green rocketships flying me to a moonlambo. + +But.... + + +I just can't understand who would buy bitcoin, or who would think bitcoin's price is going to appreciate at the moment other than the people who already own bitcoin. If I wasn't already in it, I don't think there's any shot I'd touch it with a 10 foot pole right now after watching what's gone on over the last few months. And the entire market depends on Bitcoin. + + +What new money is going to come into the market and drive up prices? The entire world knows this is a speculation bubble and right now it seems like the odds of losing 50% of your money are as good or better than the odds of making 50%. Cryptocurrency is way too risky of an asset for the vast majority of people, and they see it as akin to gambling more so than an opportunity to get in early on the next big thing. Every meme line drawing TA guy who is convinced Bitcoin is about to enter a new bull market is blatantly ignoring the macro issues that are in play here. + + +Until some working products/ecosystems come out and can demonstrate some fundamental value, significant amounts of new money aren't going to come into this market. The run was based entirely on hype, and the hype is completely gone for the foreseeable future. It's going to take many more months, or possibly a year or more, for money to start coming back in - and it's going to be a slow march of a rise. We'll never see a parabolic rise in the cryptocurrency markets again. + + +I'd love to be wrong. By all means, convince me I'm wrong. But my faith and morale has essentially hit rock bottom. Each time BTC pumps then fails, alts bleed out even lower than the previous cycle. And I just can't see an end in sight. + + +If you truly believe crypto is going to enter an unprecedented bull run in the near term - what am I missing? What do I have wrong here? +I was interested in the formulas and math behind social security today. It is kind of interesting, and totally subject to change, but understanding the system at a basic level can help you on your path to FIRE. + +**TL;DR**: There is a pretty significant advantage in hitting your qualification for SS benefits (40 credits). The next threshold to hit is the $895 AIME first bend cut off. The added value of working past that decreases substantially. + +A few things first + +* There are positive and negative scalars that adjust your monthly payout between ages 62 and 70, with the base being 67. All numbers below assume age 67 benefits. +* You need 40 credits to qualify for SS income. You can earn up to 4 credits per year worked, and each credit requires some amount of income. You need to make a little over $5000 per year to earn all four credits in a year in 2018. + +The motivation behind this study is to determine how valuable SS payments are. For example, if your SS gives you $1000 per month, we can use the 4% rule and determine that the SS payment is worth about $300,000. + +How is Social Security Calculated? + +* If you have less than 40 credits, you get nothing. +* If you have more than 40 credits, your AIME is calculated by taking your average monthly earnings from your 35 highest earning years, adding zeros if necessary. +* You run your AIME through a formula similar to a tax table: Take 90% of the first $895, then 32% of the next $4500 or so, and then 15% for everything after that. There is a cap somewhere I think. The sum of these numbers is your PIA, which is basically your payment per month if you begin withdrawals at age 67. +* If you begin withdrawals at age 62 you get only 70% (for the rest of your life), if you wait until 70 you get 124% (for the rest of your life) + +Great so that is how it works. Now lets see what each additional year of work really means for me (our example). + +This is my social security earnings table pulled from the social security website, rounded, and context added. + +Year| Taxable Income | Credits | Job +---|---|---- | ----- +2012| $5000| 4 | Cashier +2013| $0| 0 | College +2014| $15000| 4 | Internship +2015| $31000| 4 | Programmer +2016| $72000| 4 | Programmer +2017| $83000| 4 | Programmer + +So right now I am sitting at 20 credits, I am not eligible for social security. If I was eligible today, my AIME would be $489 per month, and the payout would be 90% of that, yielding $440 per month. This is worth about $132,000 using the 4% rule. Assuming of course I waited until age 67. + +This chart shows the value at different age brackets: https://i.imgur.com/L4VUKea.png + +Ok, so that is pretty substantial. With two years of working in a post college job, and some work done before I've "saved" $132,000 more *retirement dollars* than I actually thought. Wait, not really. I am not qualified for that money, so it technically doesn't exist unless I work until I hit 40 credits. + +So if I work until I get 40 credits, it will take me (20/4) = 5 more years, or until I hit $5000 earned income in 2022 (adjusting for inflation as needed). + +What will my retirement benefits be worth then when I qualify for them, assuming I make the same wage as 2017? + +Year|Extra Years|Monthly Payout|Value @ Age 67|Qualified|Value Add| +--:|--:|--:|--:|:-:|--:| +2018|0|$440.00|$132,000.00|FALSE|$59,400.00| +2019|1|$617.00|$185,100.00|FALSE|$59,400.00| +2020|2|$794.00|$238,200.00|FALSE|$59,400.00| +2021|3|$864.00|$259,200.00|FALSE|$59,400.00| +2022|4|$927.00|$278,100.00|FALSE|$59,400.00| +2023|5|$990.00|$297,000.00|TRUE|$18,900.00​| + + +When I finally qualify in the middle of 2022, i'll be eligible for $930 in monthly payments, or $280,000 in SS equivalent wealth. The key significant part of this though is that, my value added to my SS benefits allocation is actually $59,400 per year! + +**How is this possible?** + +Because the final value at 40 credits is nearly $300,000 and I won't be eligible at all unless I hit 40 credits. So each year between now and 40 credits are worth an even share of the value. Theoretically in my last year, working that year will be worth all $300,000. The math is simple: if I work that year I'll have $300,000 worth of retirement income, if I don't I'll have nothing. + +**Takeaway Number 1: Be sure you qualify for SS if possible. The savings are significant** + +If you retire before you hit 40 credits, adding small part time work to get the credits needed, could be worth significantly more than your check from the actual job. + +So what about after that? How much is each year worth once you've already qualified? + +The system drops off quickly once you meet two thresholds, the $895 AIME cutoff (I hit this in my first 10 years), and the qualification cutoff. + +You retain 90% of your earned income average up to that $895 value. After that you retain only 32% of each dollar up to about $5400 per month, and 15% over that. + +For me personally, my value added drops to about $19,000 per year until I hit the upper threshold in around 2043, then it drops to about $9000 per year. + +So you might be thinking, $19,000 that is pretty good per year. I might work longer. But remember this isn't the same as savings in today's money. This is the "after growth" value. It is what you would theoretically have at age 67, removing all inflation. Lets see how much money we would need to invest in the S&P500 to get that same $19,000 for working one year. + +I'll be age 32 when I jump down to the $19,000 per year threshold. At that time I'll be 35 years away from retirement. + +My theoretical return on an investment, after inflation, would be (1.07)^35 = 10.68. + +So if we divide $19,000 by 10.68 we get our true equivalent savings rate: $1779 per year. Probably not enough to keep me in the work force. + +Applying this method to the SS value added in the first phase (qualifying) and we can see effective additional savings of $5,000 or more. + +**Takeaway Number 2: Social Security Benefits ramp down quickly after you qualify** + +That pretty much sums up what I know. Please share corrections, and other knowledge I've missed. + +Value Total By Year Worked: https://i.imgur.com/rbWsNXw.png + +Value Added Per Year: https://i.imgur.com/QnRymMW.png + +S&P500 Invested Equivalents Per Year To Match SS: https://i.imgur.com/aTwiIgA.png + +Sheet with some formulas, feel free to make a copy: https://docs.google.com/spreadsheets/d/1TxNpdIsOIuJO_4DtPj5_tuT04cLT4IKRKRl-y9ACFd0/edit?usp=sharing +I recently moved from NYC to Florida. Instead of leaving my job, they let me continue working remotely from my new home in Florida. The issue is, my paychecks are showing NYC taxes are still being taken out of my paycheck (they're quite hefty too). + +Is that correct? Or should I now only be paying Florida's taxes. Any advice is welcome! + +Thanks! +I discovered Asda shaving gel the other day. It’s only £1. I’ve been spending between £2-3.50 on Gillette all these years, when Asda’s own brand seems just as good. +I see a lot of talk about the PPT lately, and since it's become a very hot conversation piece here, I'd like to just go through, and provide education on what it actually is, how it works, and what are it's limitations. Lets start with the very basics. It was established by [executive order #12631](https://www.reaganlibrary.gov/archives/speech/executive-order-12631-working-group-financial-markets) in 1988, by Ronald Reagan to 'protect' the markets from the events that happened around the date of 'October 19, 1987.' + +The 'Summary' section is as close as you're going to get on a TLDR for this one, since it's already short as is. Let me know in the comments if there's anything that I've missed, or additional details you'd like to add. + +**Who executes actions on behalf of the WGFM?** + +* The Treasury Secretary, or their designee +* The Chairman of the Board of Governors of the Federal Reserve System, or their designee (Fed chairman) +* The Chairman of the Securities and Exchange Commission, or their designee (SEC chairman) +* The Chairman Commodity Futures Trading Commission, or their designee (CFTC chairman) + +**What are the recognized goals of the WGFM?** + +* Enhancing the integrity, efficiency, orderliness, and competitiveness of the markets, and maintaining investor confidence. + +**What are the WGFMs legal limitations, if any?** + +* They can take any action, including governmental actions, under the existing laws and regulations. + +**Who does the WGFM work for/represent?** + +* Representatives of various exchanges, clearing-houses, self-regulatory bodies, and major market participants. + +**Who keeps them accountable?** + +* They report to the President of the United States (POTUS) 'periodically' to discuss actions taken, and request policy changes. + +**Who handles the administration?** + +* The heads of Executive departments, agencies, and independant instrumentalities shall, to the extent permitted by law, provide the WGFM with such information as it may require for the purpose of carrying out the order. IE, they have full access as long as the executive heads give it to them. +* To the extent permitted by law and subject to the availability of funds therefor, the Department of the Treasury shall provide the Working Group with such administrative and support services as may be necessary for the performance of its functions. (treasury head needs to approve spending tax payer dollars on the PPT). + +**Are these members paid additionally to handle the WGFM?** + +* no, members of the WGFM serve without additional compensation. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +**Now, that was a mouthful, sorry about that!** + +**But how is this information helpful?** + +It gives us context to the bounds in which this group is able to legally operate, the limitations that they have, and who their primary audience is... + +Well, the bounds they are legally allowed to operate is 'any action including governmental actions under existing laws & regulations', and their limitations are 'how much money the Treasury Secretary approves' for spending on propping up the markets/keeping competitive prices/whatever justification they have. Their regulation is incredibly loose, and their pockets are quite deep. + +Sheesh, that's a LOT of freedom, I wonder who they are organized to serve? + +Oh that's right, they act on the comments made by 'representatives from various exchanges, clearing-houses, self-regulatory bodies, and major market participants'. + +So, in other words, not retail. They work for the big banks, prime brokers, exchanges, and everyone that we've known to be playing in the legal gray area at best. + +So... + +**Summary:** + +The WGFM aka the PPT, has as much tax payer dollars as the treasury secretary approves to pump into the market in order to support representatives from various exchanges, clearing-houses, self-regulatory bodies (hedge funds, institutions, etc.), and major market participants (Elon, Jeff, etc.), and they can take any action that they deem 'worth it'. + +**Now, my question for you apes...** + +**Do you trust these 4 people to not bail out institutions with our tax payer dollars? You shouldn't since after-all, it's literally their job description to help those big market players.** + +(small sidenote, I see people posting about 'GG, do your job, JPOW WTF, etc, etc,', but the reality is they ARE DOING THEIR JOB. Their job is to bail out institutions when shit gets rocky, and make sure they can all stay competitive. They don't give a rats ass about retail, and they aren't supposed to.) + +&#x200B; + +[Gary Gensler - Securities Exchange Commission Chair](https://preview.redd.it/jb6fhl3cw4x81.jpg?width=220&format=pjpg&auto=webp&s=4fcb9269c1f354809f8aa3e0312e91ac4cb486ee) + +[Rostin Behnam - Commodity Futures Trading Commission Chair](https://preview.redd.it/lhmk9lh3w4x81.jpg?width=200&format=pjpg&auto=webp&s=3136088a7a28b9474c79629104ca46a45de851c5) + +[JPOW - Federal Reserve Chair](https://preview.redd.it/3ubzoituv4x81.jpg?width=130&format=pjpg&auto=webp&s=90c69ee40609f8e39d3b5eb763bcd525ed49a159) + +[Yellen - Treasury Secretary](https://preview.redd.it/79i53qvsv4x81.jpg?width=220&format=pjpg&auto=webp&s=40cd2e15c82299c4e6589853e8aa185195117e4c) + +That's all I had folks, thanks for tuning in. I would encourage you apes to do your own research on this, and formulate your own opinions. The information I've provided here has come completely from the executive order, and a handful of google searches. I don't think that a free & fair market should have such a thing as a board that has the ability to \*completely control\* the markets with tax payer dollars. This is a very gross misuse of government systems, and tax-payer dollars IMHO. +I'm moving out of a house I own. I considered selling, but I'd like to explore renting as an option. I'm in a position where I could afford both my new residence as well as my current one. The current residence is approximately 25 minutes away, and roughly 15 minutes from where I work. + +The houses in the area of a similar size are listed to rent for ~$1,400/month. My mortgage is just under $1,000, and I have less than 20% equity. + +It seems like a good situation to explore renting it as an option. What things do I need to know? Is a management company worth it for a single property? +The reason $BANG lost its momentum(edit) (BB) (AMC) (NOK) (GMC) and others is because stock brokerages halted the trading of those stocks when it was at it's peak causing a myriad of issues and the prices dipping shortly after. People bought into the craze of the stocks emotionally because of the whole David vs Goliath comparison and sticking it up to the Billionaires which I think is great but frankly they have much more experience and information than us when it comes to the Stock Market. They pay thousands of dollars to a service that now gathers data on which stocks get mentioned the most on r/wallstreetbets. [See Here](https://edition.cnn.com/2021/02/03/investing/wall-street-reddit-hedge-funds/index.html) And that's just one of the things they are willing to do now that they know what a collective can do. We can move markets. + + +> Pick the brokerage with the strongest balance sheet. What ruined it on RH is that they didnt have enough cash to deal with the growth in accounts, margin loans and volatility. The EXACT SAME THING will happen at the next broker if you dont make sure they have a MULTI-TRILLION dollar balance sheet to be able to handle these kind of circumstances +\- Mark Cuban + +As Mark Cuban says the problem with stock brokerages is that they didn't have a strong enough balance sheet to handle all that stock craze. + +([Which is why you should check in this post which one you're using and transfer to the good ones](https://www.reddit.com/r/stocks/comments/lbzkbi/reminder_whether_you_own_gme_or_not_change_your/?utm_source=share&utm_medium=web2x&context=3)) + +([See here how to transfer to Fidelity](https://www.reddit.com/r/stocks/comments/l7tc1x/would_like_to_take_my_business_elsewhere_since_rh/gl95htk)) + +People right now are learning the ropes and mistakes made in what has happened which I believe now makes us stronger. We know better on how to stock market works and learned from our mistakes and lots of people due to this situation know better than before. So if something like this were to happen again it could significantly go better. This wave of newbies that can search and read up on resources about the stock market could be better in the long term. They can do their own Due Diligence and not trust random posts anymore. They are now more financially literate and can research on which companies to invest in and which not to and not put emotion when trading. They have learned lessons from this experience. +(Edit) +The problem here was that we didn't anticipate that they would get this down and dirty to this level. $BANG is for the short term. We have to start thinking long term with other companies so start checking others out to diversify your portofolio. GME is getting a rehaul into their business so its worth to still hold (not financial advice and not a financial expert) and i think BB is getting into software and NOK is sort of becoming a network provider in some areas and AMC will still exist after the whole pandemic ends so take those information with a grain of salt and do with them as you will. + +[US Treasury Yellen is to meet up with financial regulators](https://www.reuters.com/article/us-retail-trading/regulators-to-meet-as-brokers-call-time-on-reddit-trader-rollercoaster-idUSKBN2A30Q4) over what has happened and it is fairly certain that some changes could be happening. RH CEO to testify before the US House Committee and they even call for DFV to do so. What happens next and the resolution of those happening could be uncertain. It could make everything fair for the stock market or it could favor WallStreet even more than regular investors. We don't know. Right now all we can do is hope for the best outcome coming out after all of this blows over. As for people holding stock. Do whatever you want with it. Hold, Buy, Sell, whatever. I just want everyone to learn from what has happened so if you play with the stock market you can get out better. +Zillow’s unexpected announcement this week that it’s putting a temporary stop to its home-buying activities raised many analysts’ eyebrows. And some argue that more concerning trends could be on the way. The service, Zillow Offers, is what’s known as an “iBuyer” — it purchases and sells homes directly to consumers, typically renovating them in between. + +Following a report from Bloomberg, Zillow Z, +1.85% ZG, +3.98% confirmed that its Zillow Offers division would not be signing any additional new contracts to purchase homes through the end of 2021. In explaining the move, Zillow said the company was facing a backlog of renovations and dealing with operational-capacity issues. + +**Labor and material shortages-** + +“We’re operating within a labor- and supply-constrained economy — inside a competitive real estate market, especially in the construction, renovation and closing spaces,” Jeremy Wacksman, Zillow’s chief operating officer, said in the announcement. She added that the pause would enable the company “to focus on sellers already under contract” and the company’s existing inventory of homes. Other iBuyers have not followed suit, as of now. In fact, it’s just the opposite — most of Zillow’s competitors re-emphasized their expansion plans in response to the announcement. + +[https://www.marketwatch.com/story/zillow-pauses-home-buying-raising-red-flags-about-the-real-estate-market-11634678311?mod=mw\_latestnews](https://www.marketwatch.com/story/zillow-pauses-home-buying-raising-red-flags-about-the-real-estate-market-11634678311?mod=mw_latestnews) +The House passed a $3 trillion Democratic economic stimulus bill Friday that Republicans and President Donald Trump have already rejected and isn’t likely to trigger bipartisan negotiations any time soon. + +The measure, passed 208-199, would give cash-strapped states and local governments more than $1 trillion while providing most Americans with a new round of $1,200 checks. House Speaker Nancy Pelosi said it should be the basis of talks with the GOP-controlled Senate and White House, which have called for a “pause” to allow earlier coronavirus recovery spending to work. + +Pelosi this week has repeatedly invoked Federal Reserve Chairman Jerome Powell, who has said Congress will have to inject more fiscal stimulus into the economy to prevent a prolonged recession. The U.S. has more than 1.4 million coronavirus cases, and more than 86,000 have died. + +But Republicans also cite the Fed chief, with Senate Majority Leader Mitch McConnell saying Powell hasn’t explicitly said how quickly Congress must act. He and other Republicans have dismissed the House Democrats’ bill as a liberal wish list and are using it to attack Democrats, whom polls give an increasing chance of holding the House and taking the Senate in November’s election. + +“This is much more about political messaging than effective legislating,” Republican Representative Tom Cole of Oklahoma said. + +Powell Warns of Broad Virus Danger, Bats Down Negative Rates + +GOP members said some provisions don’t belong in a virus bill, such as reductions in immigration enforcement, providing stimulus checks to undocumented immigrants, money for the troubled U.S. Postal Service and a national requirement to hold elections by mail. + +Trump and Republican congressional leaders have acknowledged, however, that some sort of further economic stimulus will likely be necessary as the economy continues to shed jobs. The number of people filing for unemployment benefits since March now exceeds 36 million. + +“Phase four is going to happen but it’s going to happen in a much better way for the American people,” Trump old reporters Friday. He said he holds leverage over Democrats in any future talks. + +“We have all the cards because we have the cards of the American people. I know what they want,” the president said. + +House Republican leader Kevin McCarthy said he anticipates another bill eventually. + + +https://www.bloomberg.com/news/articles/2020-05-16/house-passes-3-trillion-democratic-stimulus-with-no-path-to-law?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_medium=social&utm_source=facebook +Source here: http://www.usatoday.com/story/money/2015/03/02/costco-citi-visa-deal/24253649/ + +Interesting to see this deal and also interesting that not all Citi cards will be accepted, but all Visa cards will be. Thoughts? +I was just reading through NESTs funds breakdown document and have discovered something absolutely insane. If you are invested in their date funds (default choice) or their ethical fund and you are under 30, they invest your money in extremely low risk assets to protect your money and build a 'foundation' for your savings. To get younger investors used to investing and not scare them off by losing their savings. + +Then once you hit 30 they move your money to growth assets with greater risk to try and grow your pot!! + +I understand this may help the general public who have no experience with investing get to grips with it, and ease them into the practice. But for anyone on this subreddit, you know that if you're in your 20s saving for retirement you should be investing to grow your money, not protect it! + +So if this applies to you, I'd move to their high risk fund. +I learned about stocks in the end of 2018 and did not know what I was doing and apparently it was a bear market. I was losing money everyday and I would sell and go to a another stock and would sell that at a loss and move on to the next. I remember putting everything on FDX before earnings and they missed by 0.01 or some shit like that. And it took 20% of my account with it (Leveraged) + +I didn't know what investing vs trading is and started learning all that. + +I started investing since then and left trading alone. + +I started watching all the trading YouTube videos and read trading in the zone and thought I'm ready let's make it all back. + +I started late of 2020 before the coof and did well in the pandemic like most people. Comes march of 2021 and I started the decline. I lost half of what I made in 2 days. + +I decided to take the rest of the money and just leave 5k in that account and trade with that. These 5K went to 10k then are now $250 in a matter of days too lol I got no one to talk to about this and it's definitely a small loss compared to the screenshots we all see but it's destroying me emotionally and mentally. I've put a lot of time in this and put in the screen time and studied the charts and found an edge that worked but that same edge made me blow up because I thought it would still work. + +I just got no one to talk to about this and no one would understand. I love it and I do it for the love of it and I'm not chasing a pnl but seeing me blow up my account in 2 days screams emotions and no risk management. I know what I do wrong and I can't control it. I'm not really looking for advice as much as I'm looking for someone who understands and maybe might have been through this. +Wall of text that has been a long time coming - on payday in June 2016 I owed £36,653.37 across seven different credit cards with various punitive and zero rate interest charges every month. + +I have had credit cards ever since the nice man at Newcastle university was peddling his uni-branded MBNA card in my face at 17, I'd apply for overdrafts to buy new graphics cards and mess about playing championship manager (thats how long this has been going on) and Quake 3 when I should have been learning about C++ and networking. And because everything was fine, there has always been an acceptability to me about the notion of being in debt. + +When I got my first job and had some cash on my hip I would reach to my means and beyond each and every month, both in terms of spends and things like rent, getting a flat that someone with far greater means than mine should be in. But the system let me do it, so it must be an okay thing to do, right? + +I had gone into a house purchase approx ten grand in the hole, after which expenses shot up, apparently with corresponding increases in availability of credit. If they think I'm good for it, I must be good for it right? Right?! Thats what brought me to the 36k figure referenced above. Personal responsiblity is a big part of this and my misconception that through things like credit checking there was no way I would be 'allowed' to get in a mess that couldn't be gotten out of. That is falsehood of my own imagination - nobody made this mess but me and its nobody else's fault but mine that it was allowed to happen. + +I can't pinpoint what made me come to my damn senses with this much distance but I recall it as a dark place and a tipping point where I could no longer keep my head above water month-to-month. Day to day living was going on credit and lifestyle did not match my means, if I am honest I don't think it ever had. + +I made a spreadsheet of what was owed to whom, and every month added another column to indicate progression. I put everything that I could on 0% and did my best to aggressively pay off the highest interest rate balances. + +https://imgur.com/a/2WAIbHU + +Yellow months are making the minimum, red months incur interest or fees, green months pay more than I needed to. + +Some months I pulled the belt tighter and tighter to race against an expiring 0% deal I knew I couldn't replace, some months I bought something I had been putting off. Every month it became plain to me how much I was spending unnecessarily and how little difference blowing all my money on some toy or other mattered to my happiness beyond the immediate moment - and indeed how little grand gestures of spending mattered to my partner. + +On payday in January 2021 I have just settled my last outstanding balance to leave me at £0. The future - worldly circumstances excepting - is bright. I have been through employment and life ups and downs in this time but never once completely derailed - some months I incurred charges, some months I paid less off, but after June 2016 I *never* allowed the debt to get bigger - each month it was smaller, if only by a bit. And I will *never* allow this to happen again. + +This community has been a big part of my success in tackling my problem. It has given me a technical basis on which I could operate to achieve it, a support mechanism in keeping things on track, and an understanding of the human condition that previously brought me to that dark place. One of the little driving things for me was the knowledge that when I had done it, I would make this post and hopefully help someone in a similar situation to get control for themselves. + +I return now to the basic tenet I have read a hundred times on here about how borrowed money doesn't come from financial institutions, it comes from your future self, and any borrowed spending pleasure is just a corresponding deferred pain down the line. + +There is nothing about my journey which required anything other than a sharp dose of reality and a little self control, and I fully appreciate the good fortune I have had in maintaining my employment whilst I paid down my debt. There are things which influence debt management over which the individual has no control but - even on the months when I was logging a red column - knowing that I was the biggest factor in getting into this situation and the only factor that would get me out of it, stopped me from making a bad situation even worse. + +If you're in a mess, the best time to tackle it is right now, and if youre reading this, youre in the best place to figure out how and get support doing it. Thank you everybody ♥️ + +--------------------------------------------- + +Edit: another thought whilst I am vomiting all of this out. It is often said on this sub about how you shouldn't compare yourself with others and I am historically very guilty of this in a slightly different way to how it is is usually referenced (comparison of salary and lifestyle). I was doing the bulk of spending at a time in my life when the people I looked up to were also spending a lot - mum and dad had both just retired and were waxing money like it was going out of fashion, dad would always say to mum "if you want one, have one!" having lived frugally for years and years they were finally going to have some fun and I am glad they did before the ravages of time came for them both. Similarly, I started a new job when I was 29 and my bosses - whom I look up to and greatly respect carried themselves in a very generous fashion (as indeed they are perfectly numerically right to do when they're in charge and remunerated as such). + +Impressionable types like me will look at their loved ones and others they aspire to be like and take behavioural cues from them - everyone around me was spending hard so that made it okay for me to do it to. Wrong - I needed to spend according to my needs and means, and no individuals situation is a reference point for anyone else's spending habits. +The market today is deja-vu to 2017. Everybody and their mothers pumping 30 different shitcoins to the moon. Scamcoins left and right. + +Graphics cards impossible to obtain + +People defending coins like a cult, calling anybody who even questions “HODL”-ing a shill. + +Businesses starting to advertise they accept crypto to get on the hype train. + +High profile criminal cases involving Bitcoin. + +Looming tax changes and pending new government regulations. China making big threats (this was one of biggest catalysts to the bear market in 2k18) + +Crypto “celebs” and mega millionaires battling on Twitter. + +Everything happening now happened then. + +The only difference now is there’s quite a lot more institutional money tied up in it. And that money is typically a lot more averse to risk. + +Once your dad starts asking about it, it’s the beginning of the end. When your grandad starts asking about it, then it’s already too late. + +The market grew quickly on speculative buyers looking to make fast cash. The market will shrink even faster. + +Strap in for a long one everyone. I bought back in ETH in 2018 when it was $130. We’re not even close to the bottom right now ... don’t try to time it, wait until it goes sideways +"Red Bull Racing Honda today confirms a new multi-year technical partnership with Tezos, the world’s most advanced blockchain, as the Team’s Official Blockchain Partner. The energy efficient blockchain Tezos has been selected by the Team to build its first ever NFT fan experience. + +Tezos is a pioneering and energy efficient open-source blockchain for assets and applications that, similar to Formula One, is constantly evolving with the very latest industry advancements. By design, Tezos uses a more energy efficient approach to secure its network which means it can operate cleanly, with minimal energy consumption and a negligible carbon footprint." + +[**https://www.redbull.com/int-en/redbullracing/tezos-joins-as-official-blockchain-partner**](https://www.redbull.com/int-en/redbullracing/tezos-joins-as-official-blockchain-partner) +Since when has this sub devolved into [this](https://np.reddit.com/r/ethtrader/comments/4kwgy4/grab_your_popcorn_and_head_to_polo_watch_lisk/)? It's one thing to be a proud ETH hodler/trader/supporter and celebrate over ETH's rise in power, but viewing another crypto coin's mishaps as entertainment? + +Really? + +You realise this sort of thing is why mainstream investors don't take crypto-currency seriously. No institutional traders, in their right minds, would risk their equity on ETH when the trading community looks like a bunch of toxic, degenerate, self-scamming, circle-jerking wankers. + +Yes, 'shitcoins' exist. Yes, 'hypetrains' are plentiful. But taking pleasure in another crypto-currency's mishaps is just down right distasteful. You realise there are people out there who lost a lot of money today, and shit like this may push them over the edge into doing some irreversible damage. + +This sort of public shaming needs to stop. We, /r/ethtrader, can do better. Do this sub a favor and downvote any future garbage like the link above. + +/endrant + +**EDIT:** Guys, the point of this post was to promote constructive content, rather than fill the sub with posts that doesn't add value. If you're serious about trading/investing/speculating, then you'll realise that a positive community and good PR is beneficial for ETH's price in the long run. Anything can be constructive if you put a little thought into presenting it. +I get the feeling that ICO season is coming back around. I'm looking forward to seeing the next wave of projects as much as everybody else, but I think it's time we start demanding more from teams raising tens of millions of $$ worth of ETH. + +To date, I am only aware of one upcoming project that have actually built a project ahead of their ICO, it is shocking (and hugely disappointing) that the vast majority of teams continue to attempt raises with nothing more than a website, whitepaper, and a promise to build something. + +Any of you who were around 18 months ago would know that for the most part, we're still waiting on many of these teams to deliver on their promises, despite now having tens of millions (and in some cases hundreds of millions) in underlying assets. However, in contrast to the ridiculous raises we've seen recently, many of the earlier projects raised $3-5 m USD in their ICO, so our expectations were not as high. But I can't help but feel we really should be demanding more from projects going for outrageous asks like $50+m. + +At the end of the day it's ultimately up to us to keep them in check. Founders will continue to exploit our trust, so long as we continue to let them get away with it. + +Perhaps we can start a thread (or use this one) to list & track projects that have actually built something. I'm struggling to keep up with all the projects these days, so it would be helpful to harness the wisdom of the crowds. + +EDIT: Have made a follow-up post here: https://www.reddit.com/r/ethtrader/comments/76o1xe/mvp_readyresponsible_ico_curation_thread/ +Doing your own research is not only heavily advised, but it can also save you from investing in projects doomed to fail. But how do you conclude an effective research on a cryptocurrency? + +**Firstly, the DON'TS:** + +**#1** \- Don't believe any YouTubers with surprised or hyped faces and video titles such as "AMAZING OPPORTUNITY 🚀 1000X POTENTIAL COIN 😲". They usually just buy heavy bags of low market cap coins, pump them in videos, then dump it when all their viewers bought in as well. Rinse and repeat. + +**#2** \- Don't invest in a cryptocurrency based on one source. Always double or triple-check everything, and take every opinion with a pinch of salt. + +**#3** \- Don't fall for Pump and Dump schemes. They usually involve organized shilling on Reddit, Youtube, Discord, Telegram, etc., claiming to know the next moonshot that will make everyone rich. They do the same as Youtubers, buy bags of a certain coin, "announce" it to everyone involved, and sell their coins when the price is high enough. All the others are left with heavy losses, and the organizers just pick the next coin afterwards and repeat the process the next day. + +**#4** \- Don't ignore math behind cryptocurrencies. What I mean here is we see many newbies come here and say they bought XX,XXX coins because the price was $0.001, and what if it moons and reaches $1,000? Yeah, so prices doesn't work that way. /u/Lovinglyhandmade created a great website to help you better understand market cap potential of alt coins. The website's name is [The Coin Perspective](https://thecoinperspective.com/?c=XMR), and it helps you with calculating the price of many coins if they had the market cap of a different coin such as BTC, ETH. + +**Secondly, what to DO:** + +**#1** \- You need to understand the basic terminology of cryptocurrencies first. For example, what is a blockchain? What are alt-coins? What's the difference between a smart contract platform and a DeFi project? If you know these, then great, you can move on to step 2. If not, I suggest you start by researching these terms, and try to understand how crypto works in general. If you can find the time, I'd also suggest reading [bitcoin's whitepaper.](https://bitcoin.org/bitcoin.pdf) + +**#2** \- After you know which coin you are researching (and what type of cryptocurrency that is), you need to dive in and start reading and watching content. A lot. Also, don't forget fact-checking, this is crucial. One other thing you should do is list its competitors (for example, if you are researching Ethereum, its competitors include Cardano, Polkadot, Cosmos, etc.), and COMPARE the cryptocurrency you're researching with its rivals. + +***#3*** *- (I'd like to quote* /u/LargeSnorlax *here:)* +"Look at what's wrong with the coin you're looking at and understand its weaknesses, not just the strengths that the weird minions tell you about all the time. + +* Does it lack adoption? How long will that adoption take to come? What are the barriers regarding that? +* Is the technical protocol incomplete? What are the plans regarding that? How long will it take to have a version that fulfills the project's goals? +* Is it decentralized? If not, is there a plan to make it so? When will that plan be complete and what will the protocol sacrifice in order to get there? +* Is the project liquid? Will the developers lose interest if the price does not increase and move on to another project? + +I find it's always best to consider the bad things about the project rather than the good things. It's easy to sell someone on the good of a project, and much harder to talk about the bad and how to fix that.” + +**#4** \- Google “\[insert coin name\] scam” just to make sure nothing serious comes up. If you happen to find something that might indicate your researched crypto is a scam, make sure to get to the bottom of it. + +**#5** \- Do a background check on the Dev team. Can you find them on social media? Are these real people? (Real photos, real posts, real connections, etc.) + +**#6** \- Do research on people who're already invested in the project. What about the community behind this cryptocurrency? Are they cult-like shillers, talking about nothing but the price of the coin? Conversely, do they talk about tech and its possibilities? Are they optimistic about future updates and developments? + +**#7** \- Check the Nakamoto Coefficient to see whether your researched crypto is decentralized (enough) for you to invest in it. + +Hopefully, I could help some of you with your research. As always, if you have any other good tips, make sure to share it with us in the comments! Special thanks to /u/Lovinglyhandmade, /u/LargeSnorlax and /u/ReloDD for inspiring this post. + +Thanks for reading! :) +Hey guys, + +I'm moving to Saudi, where there is no income tax, and no tax levied on capital gains from stocks anywhere in the world (to my understanding...correct me if I am wrong). I would be considered a non-tax paying, non-resident of Canada during my time abroad. + +Would it make sense for me to cash out all of my investments while living there, to take advantage of the zero capital gains tax? And if so, would I be exempt for all of the capital gains from the day that I opened my account, or only the capital gains that occurred when I was abroad? + +i.e. I've been buying and holding stocks through a Canadian broker in in a non-registered account for the past 10 years, and I spend an additional 5 years abroad. If I sell everything in my last year abroad (Year 15), do I walk away with all of that money tax-free, or do I pay capital gains for the first 10 years while I was in Canada, and get an exemption for the last 5 years while abroad? + +Thanks for your help! +At these ridiculous multiples, you want some cash on hand because with no cash, there is no ability to buy the dip that everyone has been trained to do. And I’ll make no bones that the next 20-per-cent down leg will be a dip that you will want to buy. But be sure you have the means to do it. +So I (41F) make about $79k and my husband (40M) makes $163k. +We’ve been contributing to 401ks for a while and he has about $360k in his work one and I think he’s contributing at 14% +I’ve got $140k in mine and I was contributing some lower percentage but it’s been at 19% for at least the last year, maybe more. + +In addition my husband has a pension with the company, a defense contractor. Not sure how much is in that but it has to be a lot as he has worked there for 15 years. At least $100k. We decided to not depend on that because the news is rife with news of people losing pensions. We have an emergency savings account with about $45k. We hope when that gets big enough we can use it to add another story on our house or as a down payment for a new, bigger house when prices drop a bit and then of course build it up again. + +So long story short... I think we have $646k saved if you count the pension, $546k if not. And I recently read that at age 40 you should have 3 times your income which is $726k at the moment. So does that mean we are 22% behind?! So in my head I’m like “oh shit throw more at the 401k” but it caps out at $19k so that’s not going to work. + +Should we open a Roth and then tell our companies to put the money over $19k into there? Is that a thing companies will even do? And what happens if we max out the Roth? + +Many thanks for any advice here! My parents were terrible about saving for retirement and I’ve got overdeveloped anxieties about personal finances. +I know this is a very personal question, but my partner and I are struggling to decide whether or not we should be focused on saving more or on quality-of-life upgrades. + +Situation: + +We are 33 and 36 years old, and between us in our various 401ks/IRA/savings accounts we have 540k. The emergency fund is set, we are both maxing company 401ks yearly, both cars are paid off, only other debt is our house that we are on track to pay off in the next 15 years. Mortgage rate under 3%. We live a pretty frugal lifestyle, no kids, and our only splurge expense are occasional hobby upgrades and a yearly vacation (when there isn't a pandemic) Even then we use hotel/airline points to make it affordable. + +I know we are in good shape, but I'm struggling to figure out how much we "should" be saving for retirement each year BEYOND maxing 401ks. Conventional wisdom when I was younger seemed to be "1 million per person at retirement age", but I see so much conflicting info about whether that's too much or not enough I don't know what to think. Especially given we are so far off from retirement and inflation will certainly take a toll. + +Further, we have some home renovation projects we are considering that would be pretty pricy (adding a 2nd story, building a garage with rental unit etc) but would improve our quality of life and (eventually) generate rental income. We could easily tackle these projects while still maxing our 401ks each year... but is that saving enough? How much should we be saving each year BEYOND our 401Ks before committing to such an expensive projects? + +I suppose this is all more philosophical and personal than a hard science, but I guess thats my question. How did YOU decide what was enough? Did you reach a point where you realized you had saved enough and then eased up to give yourself some permission to spend? + +Thanks everyone. +We've received a lot of attention as a community lately and it's been for better or for worse. Hundreds of thousands have joined in and rallied alongside us while others have scolded us for being reckless and harmful and stating that we should be investigated or sued. + +Either way, I think it's fair to say that this has been a once in a lifetime scenario and a lot of us have come upon some money that we didn't expect to have. + +In the spirit of being the smooth brains we are, we still have a lot of work to 💎🤲 until Melvin's wife's boyfriend can't buy the prada bag he wants. But, once the shorts fully cover and the tendies are secured I think it's only right for us to give back a little because we know how good it feels when the tendies are spread around. + +So, I propose that, when the dust settles, the mods set up a way for us to all donate money as a group to some charities or efforts of our choice (maybe we can vote and split funds by percentage). Together we can show that we're not the greedy fucks that we're taking this money from and can raise a lot of money for great causes and I think that's a pretty good way to start off 2021. + +🚀🚀🚀 +I have been using a monte carlo method for generating synthetic data. This works fine on a single series (e.g. simulating closing prices), but falls apart when generating OHLC. + +[Just by looking, you can immediately tell that the data isn't real](https://imgur.com/51lcBBK). I'm sure you can guess wheret he synthetic data starts, and the SPY price series ends. It's _too_ noisy. The wicks are too long, and it just doesn't move realistically. + +At the moment I have a kind of double pareto distribution - negative and positive, centered around 0, as that closely matches the distribution of returns from historical spy data. I generate 4 values, take the min as the low, max as the high, then shuffle the other two and use them as open and close. + +[Another way to tell that this is wrong is how the realised volatility looks.](https://imgur.com/C7hqEiR) I'm using the arch python module to get this. You can see that past May 2021 in that chart, volatility is much spikier than usual - it doesn't decay smoothly, and stays confined to a small range. + +Has anyone had any success in generating realistic looking OHLC data? Am I going down the wrong route with this method? +Hello, + +I'm looking for a place to get historical data of several years on a minute level on several stocks. + +I have an Interactive Brokers account, and I tried downloading the data, but it fetches it unit by unit at a pace of about 3 units per second, which takes forever. + +I also contacted BarChart, and they want 150$ per stock, which is not acceptable for me. + +&#x200B; + +Can you please recommend a place where to get this data for a good price, or how to get the data from Interactive Brokers in bulk? + +&#x200B; + +Thanks! +Hey all, + +So I am totally new. I don't have a math background but a finance one. I wanted to ask, how do you even get started generating a thesis to go about backtesting? + +For example, is it something as simple as "I wonder if there is any positive edge to buying /ES on 5 consecutive down days, and the market closes in the lowest quartile of the 5th day?". + +Just curious to know since I really would let to dig deeper into quant trading since I feel this is a better approach than forming a fundamental thesis because you can't really backtest that. + +Thanks! +FIRST, THIS POST IS NOT PROFESSIONAL LEGAL ADVICE! + +Seeing the flocks of newcomers and those who've made some money with crypto in the past year or two, I think this is the perfect time to remind you guys that you should not mess around when it comes to cryptocurrency-oriented capital gains! + +Depending on your citizenship, your country's laws regarding capital gains resulted from cryptocurrency trade may vary. + +Below are a few tips for you, the savvy investor: + +1. Learn your local laws. This is a BIG one! Familiarize yourself with the local laws and regulations regarding cryptocurrency investing in general and tax laws in particular. +2. Keep track of all numbers. Keep track of all trades you make. Buying price, date, selling price, coin pairing, exchange, etc... +3. Now knowing and understanding the local laws and regulations, you may want to reconsider your investing strategies. Frequent VS non-frequent trading, trading fees, asset security, etc... + +* [United States](https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies) +* [Canada](https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.html) +* [Australia](https://www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/?page=2) +* [United Kingdom](https://www.gov.uk/government/publications/tax-on-cryptoassets) + + + +While this is not a full-on guide, I wanted to at least put this in some of your heads, that you may make or may have already made 'easy' money with cryptocurrencies, but always remember that the taxman is watching, even if he is quiet. + +I do understand that some coins/tokens provide more privacy than others, but the big ol' tax man is the last person you want to be enemies with. + +Edit: Added a couple of country links. + +Edit 2: Why are some of you downvoting this :/ +It's only 2021 and you've already got COVID being mishandled, Afghanistan (two decades in the making, to be fair) and China says "Hold my beer." Amazing. + +This isn't even the first time China has fumbled around with its currency. They were a huge player in the silver market from about 15th to 19th centuries. Then as the world was moving to the gold standard, they insisted on a silver standard, obviously losing on this strategy. + +Now China has the most gold reserves in the world by a long shot and intend to roll out and back (perhaps unofficially) their digital Yuan with gold. You can't fix authoritarian communism; it just ends itself in due course. + +Aside from the government officially not holding Bitcoin, of course much of the wealthy and elite class in China has Bitcoin. So you're leaking money through unofficial channels and you're driving away your productive and wealthy class by making it known that their wealth is a threat to the state. +I'm sorry, did the mods go bankrupt? Front page currently contains 4 robinhood screen shots of people with 2 and 3 digit accounts bragging about how they made huge returns. Please delete these trash posts and redirect to /r/babystreetbets or some other appropriate sub. +I'm sorry, did the mods go bankrupt? Front page currently contains 4 robinhood screen shots of people with 2 and 3 digit accounts bragging about how they made huge returns. Please delete these trash posts and redirect to /r/babystreetbets or some other appropriate sub. +First time poster here so apologies for any mistakes made here. + +Currently looking to buy my first home/apartment in Sydney. Was hoping to stay in the inner west but the market is brutal. Started to expand my search and found some lovely apartments in the Ryde area that I was really interested in, but I noticed the building had 5 apartments listed for sale currently. Some of which have been on the market for 3-4 months. + +Is this something to be concerned about? +Just received a (confirmed) legitimate email from ING saying that my accounts are being cancelled. No reason why. Just that they are. Upon calling them and confirming the legitimacy of the email, they have doubled down on telling me absolutely nothing. Just the time frame I have of getting my money out etc. Upon talking to a friend about this he said another friend has also had his account canceled for absolutely no reason. Only thing he was told was “policy reasons”. Was put through to a manager who said he’s “legally not allowed to tell me and that’s why he’s not given the info” + + +Has anyone else had this? This is just insanity. +Hi all - been following for a while. A few people have mentioned that setting a financial/time target really helps drive the sort of strategy one should take in achieving their goals. That being said, I'd like to hit $100k within the next year and I think I can do it, especially from what I've seen others achieve so far. + +Can you provide some feedback on my initial approach? + +I currently own 1243 shares of ALPP. +I'm transferring $4k into my brokerage tomorrow and applying it towards: + +1) appr. $3k into TSNP + +2) rest split between AITX and RLFTF +https://nyti.ms/2QZBxiN + +Peloton is recalling its Tread+ and Tread treadmills, the at-home fitness company said on Wednesday, less than a month after it fought the U.S. Consumer Product Safety Commission as it warned that dozens of injuries and one death of a child had been linked to the machines. + +The commission, which issued an “urgent warning” for the machines in April, urged people who own the treadmills to immediately stop using them. Peloton is offering a full refund for the $4,295 machine with a 32-inch touch screen that allows runners to work out with the aid of instructors. + +John Foley, the chief executive of Peloton, said in a statement Wednesday that the company had “made a mistake” by fighting the agency’s request to recall the treadmills, and apologized for not engaging “more productively with them from the outset.” + +“The decision to recall both products was the right thing to do for Peloton’s members and their families,” he said in the statement. + +The machines were sold in the United States from November to March. The company is working on a repair to be offered to customers “in the coming weeks,” the commission said in a statement. The software improvements will automatically lock the Tread+ after use and require a four-digit passcode to unlock it, the commission said. + +“Today we have taken steps to prevent further harm from these two products,” Robert S. Adler, the acting chairman of the commission, said in the statement. + +The commission said it had received 72 reports of adults, children, pets and objects being pulled under the rear of the treadmill. Twenty-nine involved children, including a 6-year-old boy who died. + +After the death of the child in March, the company urged users to keep Peloton products where children can’t get to them and store safety keys away from children +the worlds largest porn company, manwin aka brazzers, are now testing accepting bitcoin on some of their sites. + +http://www.iknowthatgirl.com is the first site in their network to accept bitcoin. it is part of the mofos.com network, and joining that site gives you access to their entire mofos.com network of 13 sites. + +if this test does well they will roll out bitcoin across their network of sites. we **NEED** to support this test to make it a success so they roll it out across all their sites! + +helping to increase wider adoption and stimulate the bitcoin economy is good for everyone. these guys are the biggest adult operation on the planet, and the more merchants accepting bitcoin the better! we need to show them that adding bitcoin as a payment method was a good idea... i'm signing up, and if you like that sort of content you should as well. + +this is HUGE news, as they are the largest adult website owner on the entire internet! if you don't know who manwin is, here are just some of the websites they own... they basically own the entire adult web! + +* pornhub.com (20 million visitors to the site a day!) +* youporn.com +* tube8.com +* keezmovies.com +* xtube.com +* extremetube.com +* webcams.com +* spankwire.com +* brazzers.com network of sites +* mofos.com network of sites +* twistys.com +* mydirtyhobby.com +* realitykings.com network of sites +* they also run playboys sites, wicked pictures sites etc. + +**UPDATE: looks like some people in some countries don't get the join page with the bitcoin signup option. here is the direct link to sign up using bitcoin: http://enter.iknowthatgirl.com/signup/signup.php?step=2** + +**UPDATE 2: i just heard back that the test went better than they could have imagined! they plan on rolling out bitcoin acceptance across their entire network of sites now!** + + +Hi Bro\~ I'm Asian, so my English is bad. + +Please forgive the poor translation. + +&#x200B; + +It is one of the common theories about gmerica. + +It's just a guess, so please watch it for fun. + +&#x200B; + +Do you remember the release date of Loopring layer 2 wallet? + +&#x200B; + +https://preview.redd.it/f0zvoj94ip891.png?width=708&format=png&auto=webp&s=246d67639479ac319c546e246dadcbcb3e57002d + + + +[https://medium.loopring.io/introducing-l2-counterfactual-wallet-and-fiat-on-ramps-a4b60edf15d6](https://medium.loopring.io/introducing-l2-counterfactual-wallet-and-fiat-on-ramps-a4b60edf15d6) + +This is Asia.. Well, maybe the US release is December 21st. + +remember this date please + +&#x200B; + +&#x200B; + +[ GMErica Token ](https://preview.redd.it/esi8mxz7ip891.png?width=551&format=png&auto=webp&s=ced84ff52be157a628930811caed01878fb60752) + + + +[https://etherscan.io/token/0xcd782c0add8979f4e725e7878bf021fd2ff052fe#tokenTrade](https://etherscan.io/token/0xcd782c0add8979f4e725e7878bf021fd2ff052fe#tokenTrade) + +GMErica NFT Marketplace Token!? + +1,000,000,000,000 tokens!? + +&#x200B; + +Do you remember? At the time, there was an opinion that it was fake. + +But, I don't agree + +Why? + +&#x200B; + +&#x200B; + +[ DEX Trades ](https://preview.redd.it/hrxcdw3bip891.png?width=1194&format=png&auto=webp&s=636358b903cb58ab2d8c9ad37e3062ac0558310c) + +&#x200B; + + + +1.When was the release date of the Loopring layer 2 wallet mentioned above? 12/21 + +When did the GMErica token first start trading? 12/22 + +Yes, a day later, the GMErica token was created. + +I don't think it's possible to trade so systematically unless it's prepared in advance. + +Even if it's a developer... + +&#x200B; + +2. Can you see the transaction cost per case? + +$13,883 in total. + +Unless it is a company, it is inappropriate for individuals to use the capital. + +If that's right, shouldn't we pay back the investment quickly? + +How? Scam token? + +NO! + +No purchases or sales have been made since that day. + +I can't buy it even if I want to + + + +3. DEX TRADE + +\[A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform. In the absence of a central authority, DEXs employ smart contracts that self-execute under set conditions and record each transaction to the blockchain. These trustless, secure transactions represent an accelerating segment of the digital asset market, and are pioneering new financial products. \] + +Yes, the gamestop wallet transaction method is p2p. GMErica Tokens were paid to each wallet through p2p transactions. + +Can I imagine that GMErica tokens are also paid to our wallets? a pleasant imagination + +&#x200B; + +4. Uniswap V2: GMErica + +The deals were made through Uniswap. + +Traders and investors have utilized Uniswap because of its usage in decentralized finance (DeFi). + +It has been known that the gamestop nft team works through Uniswap. + +&#x200B; + +[ spike retweet ](https://preview.redd.it/ag7chnphip891.png?width=588&format=png&auto=webp&s=ba9539b941fedd311325f144f8d420dffcba22d9) + +&#x200B; + +If gmerica is not a coin, will a separate site be created? + +Probably not. + +Currently, the name in gmerica is not searched on the certificate site. + +&#x200B; + +&#x200B; + +[ wallet test site address](https://preview.redd.it/u30qvb5kip891.png?width=408&format=png&auto=webp&s=49411e949b07c4c3fcb49f9a78c1c15eb68325e5) + + + +[https://crt.sh/?q=gamestop](https://crt.sh/?q=gamestop) + +The gamestop wallet was tested on the site several months before launch. + +It must be one of the two. + +The gmerica site either opens after a long time or is not a site + +&#x200B; + +In terms of trademark registration, gmerica is far ahead. + +The gamestop wallet hasn't even been assigned an examiner yet. + +&#x200B; + +Lastly, what token should I trade with in the gamestop nft market place? + +Just with Ethereum? Or Loopring token? imx token? + +Those token are already owned. + +That's why GameStop's own currency will be needed. + +&#x200B; + +[ GMErica Token ](https://preview.redd.it/s4n47s3rip891.png?width=304&format=png&auto=webp&s=8ca3cd3124f8bd44c091036b1a46987bf8c216d2) + +&#x200B; + +&#x200B; + +https://preview.redd.it/293zinlsip891.png?width=476&format=png&auto=webp&s=03cc57802bdfe563fcff9fef59387dd44678b42d + + + +I inquired on GameStopNFT social media yesterday, but I haven't received a reply.. + +&#x200B; + +More proof is needed. I need your help + +&#x200B; + +to the moon\~ +https://www.nytimes.com/2019/05/31/your-money/donor-advised-funds-charitable-giving-lawsuit.html + +I have seen quite a few posters in this sub mention and recommend donor advised funds as an effective vehicle for tax-efficient charitable giving. The situation in the linked article is an example of where DAF-based giving doesn't go as smoothly as pitched. + +Long story short, a VC donated $100mm in WATT stock (making up almost 10% of the companies outstanding shares) to Fidelity's DAF under the stipulation, given in writing, that Fidelity would sell it off over time so as to avoid impacting the share price. Instead, Fidelity dumped the entire thing in one day, in the process driving the share price down 30%, lowering the value of the donation and transitively the tax deduction garnered from it. When the client went back to try and understand what happened, Fidelity stonewalled. + +While DAFs look good on a spreadsheet, a DAF run by a firm that invests donations (or the proceeds of them) in their own funds should be scrutinized very critically. That was my reaction, anyways. You can read the actual lawsuit here, it is fairly short and rather interesting: + +https://int.nyt.com/data/documenthelper/1053-fairbairn-lawsuit/518525d508bd1c45bc9c/optimized/full.pdf#page=1 +GameStop issued a [press release](https://news.gamestop.com/news-releases/news-release-details/gamestop-appoints-chief-technology-officer) today. + +They've hired a new CTO, who is a former AWS Engineering lead and held senior positions at QVC and Zulily. He will oversee new ecommerce engineering and operations. + +They've hired a new VP of Fulfillment who previously worked at Amazon, Walmart and QVC. + +Lastly, they've hired a new VP of Customer Care, who previously worked at Chewy. Customer Care was always Chewy's angle at being successful overall, and it's good to see that customer care talent being incorporated into the new GameStop. + +This looks to be the start of the whole new ecommerce strategy. +I'm planning to move out next year with my best friend but currently live with my aunt and pay rent of $400 for a room. And I'm looking into getting a $2k apartment with my friend. I know that 1st and last rent is due for the first month but don't really know much after that. Someone who rents an apartment can give me more info on moving out and finances on it? I make 20/hr,30/hr weekends 5 days a week. And planning to pick up a 2nd job on my 2 off days. Would like some insight on people who already been through this. Oh and we are both in our early 20s,I'm 22 he's 23. We have good credit 700. + +EDIT: Sorry about not being specific with some details. I live in San Francisco area. And combine income with friend is $6,000 a month. And am planning to save up $5,000 before I move out. Didn't expect all these up-votes lol. Thanks for all the feedback and will use this as guidance when I move out. Thank you, Merry Christmas! +I've just bought a house (at what feels like the peak of the market) with a 10% deposit. I have the better part of 30k left in savings and I intend to make overpayment (at 150%) in the initial 5 year fix (from my salary). I don't have any other debt. I dont know whether to use c.50% of my 30k to make even bigger repayments on my mortgage or to invest it (if so, how/where). + +My main motivation to build wealth is either to set up my own business or to retire in 20 years/at 55 (if I can't come up with a business idea!). +There is lots of technology-related activity going on around us at the application layer for extremely low costs. For example, Reddit has thousands of users online at any given time exchanging ideas about science/technology/programming/energy, posting stupid cat pictures, and arguing whatever and the only way this is really accounted for in GDP is via Reddit's meager advertising revenue (and indirectly through increased demand for computer/networking hardware and electricity). Another great example is open source software. I'm a grad student in CS and have worked on many open source projects, but this is only indirectly counted in GDP (I get paid a stipend and people benefit from my contributions indirectly). + +Here are some more examples: Pretty much everyone has a free email account these days that is extremely valuable to them personally, but is only paid for with advertising revenue for Google or Yahoo. Additionally, such extremely low-cost services have replaced many traditional economic activities (e.g. snail mail, newspapers, etc.). Wikipedia and Dictionary.com are other examples: how many people actually buy Britannica, Websters, or Encarta these days? Yet another example is file sharing (legal or illegal). This has obviously reduced the GDP bottom line, but has overall caused an increase in activity. + +My point is that there is a lot of activity going on these days that is not counted in GDP but still improves the lives of people in the exact same way as goods and services that are counted in GDP. As time goes on, this "free" economy is continuing to get more and more important. My question is: what does /r/Economics think about this? Should we change the way we keep track of aggregate economic activity? Or should the low-cost/free technology services just continue to count for next to nothing in GDP? They obviously do have indirect benefits, but the direct benefits seem to be undercounted on the surface. Taking this further: do you think that economic growth is being undermeasured because of this? + +I want to hear everyone's opinion on the matter, but I'd especially love to hear some PhDs in economics discuss this and let us know what the latest research says on this matter. This post is obviously related to the [Solow computer paradox](http://en.wikipedia.org/wiki/Productivity_paradox), but I was wondering if there is more recent work on this issue (especially since one of the major reasons for the Solow paradox is claimed to be mismeasurement). This is also related to the old ideas about how unpaid domestic work by women is [not accounted for properly in GDP](http://en.wikipedia.org/wiki/Feminist_economics#Domestic_systems). + +Thanks. +From what I understand, one of the driving factors of the housing bubble was easy access to money, producing a glut of buyers against a fixed supply. Economics indicates that prices will go up based on market theory. + +With Stafford loans and easy access to education loans, getting money for a degree is *easier* than getting money for a house was. So there's a glut of buyers, and a fixed supply of seats entering college. + +Wouldn't that mean that universities could raise tuition prices with no checking mechanism in place? + +So looking at the growth of tuition over the past fifteen years, and considering that those tuition increases are unsupported by necessity (inflation has been low, interest rates have been low, fuel prices have generally been low, increases in efficiency through IT should have saved administrative costs, etc), what is the counter-argument to "tuition prices have gone up so much *as a direct result of* easy access to education money"? +It's been a year so it’s time for an update post as FIRE continues to get closer. I’ve met my initial goal net worth goal (originally $2m, currently at $2.5m). Now we just need to wait 2 more years until we’re retirement eligible from the military. We were at $2.7m at the beginning of the year, but you know how that's gone for everyone. Major financial events were selling a rental house last fall and buying a new primary residence a few months ago (details below). + +You can read previous annual updates here by clicking this [link and then continuing to follow the previous links.](https://www.reddit.com/r/financialindependence/comments/nu162f/military_couple_3_years_from_fire_goal_update/) I’ve been working towards FIRE for about 16 years and have been making progress updates on reddit for 6 years. + +The goal we’ve had is simple: maintain the same quality of life we’ve been enjoying, without having to go to work. The methodology I used was to look at our spending, then, consider whether each of our current expenses would remain in retirement, and if so, whether it would go up or down. I wanted to be conservative with my estimates, so we estimated on the high side if there was any doubt. + +**Current Ages:** + +* Me: 41yrs +* Wife: 39yrs +* Kid 1: 9yrs +* Kid 2: 6yrs + +**Income:** + +* Me: $147k +* Wife: $140k +* Rental Income: $14k (net) This is down from $30k in previous years. We sold one of our rental houses last fall. We had bought that house back in 2010 as a foreclosure for $215k and sold it for $305k. It was a 15 yr mortgage so we only owed about $30k on it so that money just went into the brokerage account for a while. +* Dividends: $8.8k +* Total: $309.8k (last year was $316.6k) + +**Savings:** We max out our tax advantaged savings accounts (TSP and Roth IRAs). We're no longer eligible for Roth IRAs, a big chunk of our military pay consists of tax free housing/subsistence allowances, so we got to use Roth IRAs longer than typical based on the overall income. We’re adding approx $109k/yr to various savings/retirement accounts. Pretty much all saving stops after we FIRE. + +**Current balances: (note: everything is in low cost index funds such as VTI, VXUS, VOO, C/S/I funds)** + +* TSPs (gov’t 401k): $984k (down from $1.078m) +* Roth IRAs: $338k (down from $365k) +* Taxable brokerage account: $514k (up from $383k) +* Emergency fund/Cash on hand: $60k (up from $30k) +* Coverdell Education Savings Accounts: $58k (up from $56k) + +**Life insurance:** No changes. $500k in regular/family SGLI (military) for each parent, plus separate $500k 30-yr term policies for each parent. The military insurance will go away when we retire, but the 30-yr term policies will go until age 63 or so. + +**Expenses:** + +* Fixed expenses: $8,341.61/mo +* Fixed savings: $9k (this is down from $10,661.60/mo) as no more Roth IRA, but it's offset by more money going to debt/taxable brokerage account. + +[**Historical Actual Net Worth and Debt**](https://i.imgur.com/fh5cpqG.jpg) + +**Current Net Worth: $2.5m** + +* 2012: +$130k +* 2013: +$194k +* 2014: +$110k +* 2015: +$39k +* 2016: +$177k +* 2017: +$247k +* 2018: +$102k +* 2019: +$367k +* 2020: +$418k +* 2021: +$541k (ended year at $2.7M) +* 2022: -$191K (down $191k, at the market low a couple months ago we were down about $350k -- advice to anyone is don't panic, just hold) + +**Current Total Debt: $806k (up from $397k)** + +* Rental House: 314k @ 3% left on mortgage (Property worth about $700k) +* New house/Primary residence: $467k @ 4.35% 5 yr ARM. We moved this year and ended up buying a house at the top of the market (or maybe not as prices have continued to edge up). We put 20% down and I went with a 5 yr ARM to minimize the interest rate as they were skyrocketing just as we started looking for houses. Figured the ARM didn't matter too much, if rates go up a ton and we actually stayed here after retirement, then we always have the option of just paying it off entirely. While it pains me to think $1700/mo is going to interest, renting was an even worse proposition in this area for the size/quality/neighborhoods we wanted. (Property worth about $600k) +* Car 1: $7k @ 2.75% +* Car 2: 18k @ 1.9% + +**Retirement plan:** + +Military pensions are equal to 2.5% \* yrs of service \* high 3 base pay avg. So, 20 years = 50% of your base pay. Based on our expected rank at retirement, this would be $63k each. This is inflation indexed and will adjust after retirement the same amount as social security adjusts. I'm actually going to go 20.5 years to maximize my pension (51.25% or so) while replacing 6 months of income history with my current higher monthly pay. + +**Assumptions:** + +* 3.25% safe withdrawal rate. We’d draw primarily from our taxable account first, then Roth IRA principle, and also set up a 72(t) distribution from our TSP funds which would allow us to access those funds prior to 59.5 +* My Military Retirement: $63k +* Spouse Military Retirement: $63k +* Retirement/Taxable Account Distributions: $71.5k + +**Retirement income (post-tax): $197k/yr** + +I'll sell the second rental house around when we retire. I had to sell the first rental house last year to start the clock on the 2 yr primary residence tax exemption. There's a special rule for military where if you moved due to military orders you have about 10 years to sell it and still get the tax exemption as if it was your primary house. However, you can only do that once every 2 years, and you can only pause the clock on one house at a time. It seems like it was a good time to sell. + +**Retirement house purchase scenario:** + +* Price: $700k +* Expected equity from rental houses: $489K +* Cash out: $200k (would rather put it in the market than have it locked up in my primary residence) +* Mortgage: $460k @ 5%, 30 yr (really don't know about this, if rates are high we'll just put more down) +* Payment w/taxes and insurance: $3,761 + +The biggest unknown we have is still not knowing where we want to buy a house and live. We’ve narrowed it down to a handful of states and have a house budget target of ~~$400-~~700k. My excel spreadsheet lets us easily make retirement projection calculations, so I can plug in house purchase prices, interest rates, taxes, insurance, etc., how much cash out I want. I also added projections based on my months to retirement for future contributions to our financial accounts. + +In the past I had planned to use the VA loan benefit and not put anything down if rates were super low and just invest all that rental house equity, that idea has pretty much been scratched now. One important consideration is getting the loan figured out prior to retirement. It seems mortgage lenders aren’t as interested in lending money if you aren’t working. My spouse will be working one year more than me and we should qualify on just that income. Worst case scenario we just buy a house outright and don’t get a mortgage. + +**Current Expenses (that carry over into retirement): No real changes here compared to last year. I'll admit I haven't tracked them as closely as I used to. I plan to do an in depth update on expenses at the end of the calendar year to compare how inflation has affected things.** + +|Categories|Sum of Annual Cost|Sum of Monthly Cost| +|:-|:-|:-| +|ATM/Cash Withdrawals|$2,411.20|$200.93| +|Automotive|$7,795.20|$649.60| +|Bills & Utilities|$8,931.00|$744.25| +|Entertainment|$191.88|$15.99| +|Food and Drink|$4,800.00|$400.00| +|Gas|$1,900|$158.33| +|Groceries|$12,000|$1,000.00| +|Health & Wellness|$360.00|$30.00| +|Home Maintenance|$2,630.00|$219.17| +|Insurance|$1,909.72|$159.14| +|Shopping|$7,000.00|$583.33| +|**Grand Total**|**$49,929.00**|**$4,160.75**| + +**Additional Retirement Expenses:** + +|Categories|Sum of Annual Cost|Sum of Monthly Cost| +|:-|:-|:-| +|Travel|$24,000.00|$2,000.00| +|Retirement House|$45,132|$3,761| +|Gifts|$6,000.00|$500.00| +|Healthcare|$6,000.00|$500.00| +|Entertainment|$6,000.00|$500.00| +|Food & Drink|$3,600.00|$300.00| +|Home Maintenance|$12,000.00|$1,000.00| +|**Grand Total**|**$102,726**|**$8,560**| + +Overall that’s $197k income, after tax is probably closer to $160k and $153k expenses for a small cushion. I'm pretty comfortable with that knowing my estimates are pretty conservative and we could easily scale back expenses or worst case get some side hustles going. The 3.25% SWR could also be upped if needed, albeit at a slightly higher risk. I've thought about this a bunch and considering the expected social security income at age 62, we'd probably be perfectly fine with a 5% SWR due to the guaranteed income from pensions/social security. + +**Common questions:** + +* **What about the kid’s college expenses?** Each of us transferred our GI Bill benefits to the kids. That pays for the highest in-state public university tuition cost plus a housing allowance and books/fees stipend. We'll continue funding the Coverdell education savings accounts until our retirement then let that money grow until they go to school. They should be able to easily afford college without needing to take on any student loans. Any excess funds from the Coverdell ESAs can be converted to 529 and transferred to a cousin. +* **Are you taking into account social security?** We’ll both start getting social security which would be an extra $2k month in today’s dollars. After doing the math, we’ll probably just take the money as soon as we can (age 62) even if we don’t need it since the break even point isn’t until our late 70s if we delay payments. +* **Why don’t you snag a high paying contractor job after you retire from the military and make bank for a few years?** Yes, we both have extremely marketable and in demand skills and could land high paying jobs post military. We’d rather spend our time with the kids/extended family though. We just don’t need that money. If asked, I’ll just tell people that I’m a high net worth financial advisor (true except the only client is myself). +* **Why not stick around in the military a few more years?** The military pension goes off your high 3 years of earnings and adds 2.5% per year of service. We’re planning to leave at 20 years (50%). Yes, we could get promoted again and then stick around 3 more years to increase that base pay/high 3 calculation. Sticking around 1 extra year would mean a 52.5% pension instead of 50% which would be an extra $300/mo. At the end of the day, it all comes down to whether or not we need that extra income vs the stress of being in the military (potential deployments/separation/long hours/etc). The bottom line is the military doesn’t define who we are and there are others capable of doing our jobs when we walk away. +* **What will you do to stay busy?** Kids, volunteer work, travel, extra curricular activities, go to the gym because we want to, start a garden/chickens/apiary, who knows. I do plan to spend some time at a coffee shop telling unsolicited war stories to young people at least one day a month. +* **Why is your healthcare budget so low?** As a military retiree, we’re eligible for Tricare retired. This is the same health coverage we currently have, but when we retire we have to pay about $600/yr for enrollment fees and minimal co payments ($20-$30 for a visit) with a catastrophic cap of $3.5k or so. This includes a good prescription drug benefit, but no dental/vision coverage. When we become eligible for medicare you automatically get swapped to medicare and Tricare For Life which is basically Tricare covering the 20% that medicare does not plus your same existing prescription drug coverage. Basically we'll have only the medicare premiums as our healthcare costs after age 65. + +tl;dr Net worth is now $2.5m. Plan is to retire in 2 years at the age of 43 with military pensions worth $126k/yr while using a 3.5% SWR to generate an additional $71k for a combined total of $197k/yr retirement income. + [Russian Ruble loss - Imgur](https://imgur.com/a/WQaIB3I) + +Source: [Charlie Bilello op Twitter: "The Russian Ruble is down another 23% today and has now lost 83% of its value against the US Dollar since its peak in 2008. $RUBUSD https://t.co/YFMv2LsmlI" / Twitter](https://twitter.com/charliebilello/status/1500825745999998979/photo/1) + +Always nice to post some Putin loss porn. + +$0.00743 for 1 ruble. Less then 1 cent. +I've come across a number of crypto investors with the false assumption that DGD is a safe hedge to crypto (most of those being traders on Binance which are looking for an alternative to USDT). The recent irrational spike in price is worrying so I'm making an informative post on why it's a concern. + +DGX is backed by gold and is a different token to DGD. [Currently there are only 22200 DGX tokens](https://demo.digixdev.com/#/assets/assets-explorer/assets-list) which means 22.2kg of gold has been bought, or about $944k USD worth. DGD is a token used to claim quarterly rewards based on the total DGX traded through transaction fees (there are a couple other benefits but they're not so relevant to this memo, you can find them [here](https://digix.global/)). It's $1billion marketcap is speculative that people will trade orders in the 10s-100s of magnitude more than $30k USD worth, yearly, of DGX in the future. I'm not going to speculate on that possibility specifically. + +Keep your investments safe by staying informed. Always DYOR. + +EDIT: Just to be clear, I believe Digix DOA is a great project, I'm just urging investors to be informed. This issue only came to light because I want to buy DGX, which I still will. + +EDIT 2: I've had some strange PM's from this. My goal was not at all to fud digix doa, I'd like to reiterate it's a great project. But I wanted to make the project clearer for people that may have misunderstood it and promote investors to be critical, regardless if I'm right or wrong on any of the issue I brought up. +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 personally think the market will be even lower in a few months, I’m holding cash to buy at that time. + +If you are holding out for a lower market, what is your entry point? + +I threw in some significant money into etfs the last few months and am down about 2%. I don’t have plans to use this money but also would like it to be available not at a loss if need be, which is why I’ve stopped for now. I know there’s always a risk but with the current climate I feel strongly we will see much lower markets. +Good morning all, + +We're in a bear market. Shit sucks. But that doesn't mean we can't still have some fun right? + +For those that were around at the beginning of the year, you might remember that I created this. The FOLIO OF HATE. I invested (yolo'd?) $100 into this subs most hated coins. Some coins are hated because of utility, some because of corruption, some because of the the shills. Whatever the reason, I decided to act on the theory that this sub can actually pick winners by investing into the ones that we all hate the most. + +So, $100 was invested on the same day to each of the ten coins/tokens. Here is how it fared. + +[Folio of Hate](https://preview.redd.it/nfz7ezwmz8y81.png?width=991&format=png&auto=webp&s=d0ac739a8375280fe14e47eb7564c5a1d6d7fc0e) + +Down 46% or $460 in five months. + +What about the individual results? Surely they're not all bad? Right? + +**Best performer:** USDT -0.01 % + +**Worst performer:** LRC -70.13 % + +**Surprise Performer:** DOGE -31.01% + +&#x200B; + +[Folio of Hate Individual Performance](https://preview.redd.it/mbx8ck2j09y81.png?width=1007&format=png&auto=webp&s=87d85fccc2bb402f75ac9b570a37b9cd73b866ec) + +Personal points of interest: + +* Investing in Dogecoin - yes Dogecoin - was a better investment than Solana, Cardano, Ripple and Binance. +* Safemoon was not the predicted worst performer ...yet. +* Tether - FUCKING TETHER - was the folios best performer. Props to u/entschida for getting that one right. + +&#x200B; + +I am aware that perceptions and opinions shift over time, so it is of course possible that we hate these coins more than ever. Oh, and fuck you Crypto.com + +&#x200B; + +Original post from [five months ago](https://np.reddit.com/r/CryptoCurrency/comments/rng996/here_it_is_the_subs_most_despised_coins_combined/). + +&#x200B; + +>Well after a long and exhaustive battle of coins being shilled in just a couple of hours, I have found the list of the subs most hated coins. There was definitely a lot of hate out there. I put $100 into each and stored it on a seperate group of wallets to my real bags. To make it easier to track, I create the folio of hate using coinmarketcap to track them more easily. I'll post the updates every month and hope to see some big gains going against us all (even my most hated coin is in this group). +> +>There was a lot of hate from users, towards some coins more so than others. The two most hated were the most hated by a very long way. Merry Christmas everyone! +> +>The final list in order of most votes and comments is listed in the comment below because the filter won't let me create a post with that many coin names in it. + Here is a snapshot of life in the cryptoworld (eight years ago) back on September 24th 2013; + +https://preview.redd.it/fdkewk52djp71.png?width=1388&format=png&auto=webp&s=f37118cec4b7ac73a8b8d1c738e5f6933c0fbd8d + +It's amazing how a lot of those coins don't even exist today. Either that or you can find them ranked outside the top 1000 or even top 2000 (outside of Litecoin which is still in the top 20). A common theme was that their names had to end in 'coin. + +Of all of those, only Bitcoin (BTC) and XRP remain in the top 10, the rest have either passed away or remain outside the top 1000 cryptocurrencies. + +It seems that 8 years in the cryptosphere might as well feel like a lifetime. +Last year LinkedIn saw a flood of job postings involving cryptocurrency, start ups, and Blockchain technology. I [wrote a post about the weirdest crypto jobs available](https://np.reddit.com/r/CryptoCurrency/comments/s61tdr/we_all_heard_that_demand_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). + +I am finally going to dedicate a few hours each day applying to as many as possible. I am only looking for ones that can be done remotely and pay actual wages, be it in fiat or crypto. + +I will be systematic about it, like I am for all of my job hunts, Excel sheets and all, reporting date applied and the type of replies I get back. I plan to report back in a month or so. Wish me luck, and I’m open to advice from anyone who’s worked in the sector before! +This was a painful read, but almost every trader I know has been through something like this, just not this extreme! + +I feel bad for the guy, I can imagine there will be hundreds of more stories like this as time goes on and volatility and margin trading in crypto does its job. + +Here is the story, link to OP is included at the bottom: + +>So, long story short, I started trading a year ago, been margin longing the whole run from 1k to 19k ( sometimes closing the top, sometimes closing too early or too late, but always making profit) + +>I turned 3 lowly btc which I had from playing poker (at the time 3k) into nearly 200 BTC which was almost 4 million at the top and would be 2 million at current prices. + +>I thought I was a trading genius, a god, whatever. Anyway, this is where the sadness starts. + +>After the dump from 19k to 11k I went long at the bottom, and kept adding to my position on the bounce to 12k 13k, 14k. Then, at the 16k dead cat, my position was a further 100 BTC in profit. Instead of closing then and having a total 300 BTC, I increased leverage and increased my position size. This entire position was liquadated on the drop back to 12k, because my entry had moved up so much. I lost 100 btc paper profit and nearly 50 BTC margin. I was devasted, and down to 150 BTC total. + +>After evaluating the situation, I came to the conclusion that the pump to 16k was a dead cat and that we are going lower. Therefore I shorted. At 12k. Added at 13k. Added at 14 and 15k. Got liquidated at the top at 17k. Another 50 BTC loss. Down to 100. + +>Think, ok we made a higher high at 17k, uptrend back on. Went long. Got liquidated at 13k. + +>50 BTC left. Devastated, unsure, no clue whats going on. Sat through the drop to 9k, when we bounced I thought it could be the bottom. Longed at 11500, panic closed 10500. When we went to 13k I was kicking myself for panic closing, went long at 12800. + +>Liquidated this morning for my last bitcoin. + +>3 BTC to 200, to 0 + +>At this time I am still in shock, the last few months Ive neglected relationships and school, and Ive been daydreaming about living the high life rich as fuck with my millions. + +>Now, I am nowhere. + +>Posting this so others dont gamble away life changing money. Dont want donations or tips not posting an address dont PM me. I never want to hear the word btc again because I want to forget + +https://www.reddit.com/r/BitcoinMarkets/comments/7s8umm/how_i_lost_nearly_200_btc_trading_this_past_month/ +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. +https://www.bloomberg.com/news/articles/2016-12-20/uber-s-loss-exceeds-800-million-in-third-quarter-on-1-7-billion-in-net-revenue + +>Even in the U.S., Uber's home market, the company continues to lose money. After turning a slight profit in the in the first quarter of this year, Uber lost $100 million in the U.S. in the second quarter. The loss increased in the third quarter, the person said. Lyft, Uber's largest U.S. competitor, has promised investors that it will keep its losses below $150 million a quarter. +For some reason (update: apparently I now have to give my opinion on earnings threads) the previous post was deleted. Very odd, but anyway this time will post the figures in quotes… + +<insert mandatory opinion on earnings> + +Not a bad quarter.. but what does this market really want? + +IMO Apple is the reliable hold in any market. Latest earnings proves it + +<\opinion> + +> Here is how Apple did in the quarter ending Dec. 25 versus Refinitiv consensus estimates: + +> EPS: $2.10 vs. $1.89 estimated, up 25% year-over-year + +> Revenue: $123.9 billion vs. $118.66 billion estimated, up 11% year-over-year + +> iPhone revenue: $71.63 billion vs. $68.34 billion estimated, up 9% year-over-year + +> Services revenue: $19.52 billion vs. $18.61 billion estimated, up 24% year-over-year + +> Other Products revenue: $14.70 billion vs. $14.59 billion estimated, up 13% year-over-year + +> Mac revenue: $10.85 billion vs. $9.52 billion estimated, up 25% year-over-year + +> iPad revenue: $7.25 billion vs. $8.18 billion estimated, down 14% year-over-year + +> Gross margin: 43.8% vs. 41.7% estimated + +> Apple again did not provide official guidance about expectations for the current quarter. Apple hasn’t provided guidance since the start of the Covid-19 pandemic, citing uncertainty. + +https://www.cnbc.com/2022/01/27/apple-aapl-earnings-q1-2022.html +Hi guys. + +I am ready to plunge into the Sydney housing market, I was so excited to go to the bank yesterday and see how much I could borrow... now I am freaking out. I'm not sure If I could afford this! + +Basically I earn $47,100 gross salary a year (without penalty rates.) + +My only debt I have is my novated car lease. + +My take home pay a fortnight is $1335ish + +Live with aging parents who need my help. + +Single but dream to be a solo parent in 2-3 yrs. + +Now my only other expenses are Netflix, phone $40 monthly. Health insurance $1800... opal card $35 weekly. Meds about $50 monthly. + +I am willing to be extra frugal on my expenses - cut out take aways, and cut spending to $25 weekly. And cut out holidays + +Originally I wanted to get the owner/occupier home loan and live in the apartment 6months to avoid paying stamp duty.... the max I could borrow was $275,000... which won't get me anything in Sydney. + +As an investment. My my borrowing cap is $350,000 (1.5 yrs ago it was 450- to 500) + +I have $120,000 I can use for a deposit/stamp duty. + +Question is, can I afford this after taking into account, all the expenses that are incurred with an investment? + +And what happens with the tax on the rental income? + +I am so scared as I did some online calulators which had said i would need to fork out an extra $10,000... money I don't have. + +Has anyone with a low income like me, bought an investment property and is doing okay? + + +Recently Jack Monroe (UK food writer) pointed out that food cost inflation in the UK isn't accurately reported because it takes into account the cost of luxury food products which haven't increased in price as well as essential items (rice, pasta, cheap cuts of meat) which has increased in price in some cases 100%. + +As a low income family we have felt the increase in food costs dramatically. Talking with peers, some people are spending twice as much to feed their families as the same time 2 years ago (obviously as low income, we buy pretty much just the essentials). + +It's obvious what has contributed to the cost increase, but wondering if the same faulty reporting is the standard here in Australia. + +Can someone who understands how these statistics are measured weigh in on this? +ESOP (Employee Stock Ownership Plan) s are quite common these days in almost all new job offers, especially in tech-companies. + +Some of us care, and some of us don't. ESOPs are a common tool in most startups these days, to make the package attractive to prospective new joinees, despite being short on liquid cash. + +Even established Indian as well as multi-nationals have some form of employee reward programs in the form of ESOPs. + +However, despite being so common, this isn't discussed as frequently on this sub, as much as, say MFs or insurance or stocks. + +There are some gap in knowledge, and this is my attempt to have a thread, where we can discuss about rules of ESOPs, personal anecdotes, dos and don'ts etc. - which can be referred later. + +Without getting into too much jargons, if you've read Zerodha Varsity module 1 (Introduction to Markets), then you probably have some idea about employee option pool. + +Personally, I've never worked anywhere, where I had meaningful employee stock grants, or that I cared. However, that was until about a year ago. + +There are companies that give fixed salary to all their employees and variable ESOP amounts to different employees based on their seniority, skills etc. Then there are companies, that only gives ESOPs when you're promoted (but no salary hike). + +Creativity with ESOPs is abundant and often heard of. + +There are a few terminologies, that could use some layman explanation: + +- *Vesting Period*: + + You won't get all your equity the day you join. Because then you could just take all that equity and resign next week! + + So you acquire / own them over a period. For most companies, this is typically 4 years. As you complete 1 year 25% of those promised equities _vest_, meaning, now available for purchase. And same for next 3 years. + + I've seen offer letters stating only first leg of vesting period is yearly, and after that, monthly vesting. And companies that offer monthly vesting schedule from the beginning of your employment. + + A common misconception is to think that vesting period getting over means you own that equity. In reality, unless otherwise specified, it just means you now have the choice to buy them. + + You might or might not want to buy those vested shares. But if you don't do anything to _exercise_ that right, then you don't own any of it. + +- _Exercise Price_: + + It's an agreed upon price, at which you're buying the vested units. This would be outlined in the equity grant letter, but might not be there in offer letter. Commonly, it's INR 1 (market price of equity on the day the company created its ESOP policy). Or, it's the fair market value on the day of your vesting period starting. + + It means as a loyal and dedicated part of the workforce, you get to own those vested shares while paying a lower than market price out of your pocket. + +- _Fair Market Value (FMV)_: + + This should be clear from its name, and it means exactly what it sounds like. Think of it the effective price at which an investor (angel / VC for private companies, stock price for public companies) would buy that share. + + +Let's see the process of how ESOPs typically work, from POV of an employee: + +- Amount in ESOPs (or percentage - can get diluted later) in offer letter. Say, you've a job offer of 10L and 2L in ESOPs. +- After you join, you'd be given your grant letter, outlining the vesting schedule, exercise price etc. Most likely, you'd also get an ESOP Direct login. + +- After you accept the grant, and generate the letter; you'll have option to exercise your right to purchase as and when units or shares become vested. + + +Every purchase is a taxable event. Since the FMV is higher than exercise price, you're effectively being paid by your employer the difference on those vested shares. + +This is taxed at source, at slab rate. + +Let's take some numbers to illustrate this. + +Say, your 2L in equity (ESOPs) now have 1000 units granted to you. Every year, 250 units get vested, starting from 1 year of your joining date. Assume Exercise Price to be 1 INR, and fair market value on your date of joining is (200000 / 1000) = 200 INR. + +Now, you work for a year, and fair market value remains almost same. Assume it's 201 INR a year later. Happens if you're working at a public MNC, and that year wasn't good for your sector. + +Then, your taxable income upon purchasing those 250 vested shares would be 250 * (201 - 1) INR = 50,000 INR. It'd be taxed at slab rate, deducted at source by your employer. This money would be coming from your pocket, even though no money actually changed hands. + +Now assume you work at the next unicorn, some QR code electric scootie start-up, and the company's grown by 50x in a year. Investors are lining up like crazy, your management is raising series AA. + +Then, you choose to exercise your vesting option, and immediately incur a taxable income of 250 * (200 * 50 - 1) = ~25L. + +If you're in 20% or 30% tax bracket, this'd be a good time to look for a personal loan or reading up the wiki on emergency funds. Because paying ~8L to income tax on your own dime is no fun. + +Tbh, there are start-ups that understand this pain point, and go out of their way to have handshake deals instead of a proper grant system; and make sure you own the equity but not pay a single rupee in tax on paper gains. + +I could be wrong, but IRS treats this as capital gain, not under income from salary. + +This is an important point to keep in mind while dealing in ESOPs. + +To summarize, ESOPs work best, if + +- you're a very early stage employee +- throughout your vesting period, the company's fair market value didn't grow much +- after vesting period got over and you purchased all these units, company's real growth story happens + +So what's your story of ESOPs? +**Anand Srinivasan(Indian Economist) in his youtube interview keeps saying some of the Indian government bonds are returning 12% a year. Do you guys know which bond he is referring to ? and is there a way I can buy them online?** +What were the Indian stocks that gave maximum returns in the past decade? Is there any place to view this data for the past 5/10/15 years? Do you see this run continuing, and would you invest in these stocks? +I get confused with ads touting that Direct Funds are for advanced investors who know how to evaluate mutual funds and then buy. Even using a online intermediary like IIFL or icicidirect, AFAIK we do our research prior to buying and the intermediary skims off the top (indirectly through an increased expense ratio). + +Direct fund investments and Indirect will make no difference to the AMC. The fund manager will do his/her best to get returns. Why then are Direct Funds being undersold as only for 'mature investors'. It's not like this is F&O trading. + +&#x200B; + +What am I missing here? + + +EDIT: Ok, so replies indicate a clarification is in order. I'm not talking about a personal finance advisor or CPA or anysuch 'advisor'. I'm talking of online platforms like IIFL or ICICIDIRECT which just provide primarily convenience and not so much on advice (at least for passive online investors). Why can't they provide direct fund options in addition to 'regular' options. +Medium term investments like MFs are heavily fluctuating. Banks are closing down and riddled with NPAs and scams. + +The remedies suggested by Abhijeet Banerjee seem very unlikely in the current scenario. + +[https://scroll.in/article/940476/abhijit-banerjees-prescription-for-indian-economy-stop-pmo-interference-raise-nrega-wages-pray](https://scroll.in/article/940476/abhijit-banerjees-prescription-for-indian-economy-stop-pmo-interference-raise-nrega-wages-pray) + +All the reasons specified in the below link when not to reduce or remove investments from market are satisfied by my investments? + + [https://economictimes.indiatimes.com/wealth/invest/when-should-you-redeem-your-mutual-fund-investments-use-this-6-point-checklist-to-decide/articleshow/71552412.cms](https://economictimes.indiatimes.com/wealth/invest/when-should-you-redeem-your-mutual-fund-investments-use-this-6-point-checklist-to-decide/articleshow/71552412.cms) + +&#x200B; + +Banerjee also states that revival of economy in future seems very bleak [https://economictimes.indiatimes.com/news/politics-and-nation/indian-economy-on-a-shaky-ground-nobel-awardee-abhijit-banerjee/articleshow/71583192.cms](https://economictimes.indiatimes.com/news/politics-and-nation/indian-economy-on-a-shaky-ground-nobel-awardee-abhijit-banerjee/articleshow/71583192.cms) + + [https://www.indiatoday.in/india/story/nobel-prize-winner-abhijit-banerjee-comment-on-indian-economy-1609417-2019-10-15](https://www.indiatoday.in/india/story/nobel-prize-winner-abhijit-banerjee-comment-on-indian-economy-1609417-2019-10-15) + + [https://www.news18.com/news/business/abhijit-banerjee-nobel-prize-economics-says-slowing-growth-a-very-serious-concern-govt-should-not-make-policies-they-imagine-will-work-2345617.html](https://www.news18.com/news/business/abhijit-banerjee-nobel-prize-economics-says-slowing-growth-a-very-serious-concern-govt-should-not-make-policies-they-imagine-will-work-2345617.html) + +&#x200B; + +It seems very tempting to invest more in equity now that economy is in slowdown. But, if there doesn't seem to be any growth prospects what should be done? +Quick question - What are the tell-tale signs of an asset bubble? + +Let's see: + +Rising prices when literally everything underlying suggests that they shouldn't. + +All politics aside, demonetization was a punch in the gut for black money hoarders. RERA, again, a welcome step in the right direction. + +With easy access to black money, and money in general, cut off or limited, most of us were expecting the housing market prices to fall at the very least, in short term. + +Did Not Happen. + +Definitely not at the scale maths said it would. Math doesn't lie, so what happened? + +I don't know. I'm not in India. Maybe you all who dabble in the dark alleys of Indian real estate can tell me. + +All I know is that the prices didn't go down when they should have. + +Yes I know they were supposed to come back up in the long term and higher than the current prices, but WHAT about the dip Goddamnit? Where is the dip that was supposed to happen? + +This can't be right, can it? + +Any who, lets check for some other signs. + +What is the debt percentage in the current market? + +A faculty of NIT Rourkela recently presented a paper in which he mentioned and I quote + +"The mean market leverage of RE firms is 0.4 with a deviation of 0.3 which also includes Firms such as Mahindra +which have no leverage at all. The firm characteristics also present unique variation across cross section for few of +the major performance attributes such as Asset Turnover Ratio at 6.7 and deviation 28.2, Interest Cover 31.4 and +deviation 147.7, Operating Profit Margin 26.0 and deviation 20.8, Return on Assets 125.1 with deviation 343.4, etc. +The variation across time against the sample attributes depict interesting trend, where the mean leverage for few +years have remained lower or higher than other years. To contrast with the other firms, cross sectionally, we find +Asset Turnover at 3.8 and deviation 8.4, Earning Retention 57.5 and deviation at 35.7, Interest Cover 3.9 and +deviation at 4.2, Operating Profit Margin 137.7 and deviation at 226.7, Return on Assets 96.5 and deviation at 152.5, +and finally Debt Equity Ratio at 4.5 with a deviation of 10.3." + +Wow. + +It is hard to argue that a higher access to leverage can spell out to be anything good for the market. In fact all this data shows in layman terms, is that the Indian real estate market is cash deprived and is running on leverage. + +How long do you think will this leverage last? 3 years? 5 years? 7? + +It is incredibly difficult to predict the timing with an accuracy. Mostly because I'm baffled where the existing capital is being channeled from. + +Is it money from the NRIs? Are the developers bringing their own savings into play? + + Are the multimarket corporations like Mahindra who have zero debt bringing in money from their other entities and creating an artificial cash flow in the market in order to sustain prices? (This is something I think is definitely happening btw). + +Are Edelweiss or Piramal banking on the stupidity of conventional business sense of an average middle class real estate buyer like myself to ride it out? (Actually it makes sense for them to have decided to ride out the downturn instead of trying to completely avoid it and cause more damage in the process). + + + +Many asset bubbles can be tracked to politicians. India me to inke lachchan shuru se kharab hain. + +With the recent measures that have been taken, things don't bode so well. + +Political donations are now outside the purview of audits? Fuck that. RERA is also dicey. It can either make or break this next bubble. + +I think my best advice here would be to make friends with your local union minister's CA and watch what he is doing with the minister's assets very closely. + +And not one of them nuovo rich Madhu Koda type idiots either. More like Kapil Sibbal and Jaitleys of south block. + + +Having traveled recently to Gurgaon and Noida ghost towns of built and empty high rise apartments, in my mind there is no doubt that India's housing market in type A urban markets is a giant bubble with banks and other financial institutions having fed zabardast amounts of debts into these death traps of money. + +My strategy right now, is to not touch real estate with a ten foot long pole, steer clear of private banks and fin entities. Probably do FDs in SBI and max out my PO bonds etc. + +Cash is going to be king again in five years, bois. Make sure you have an extremely healthy investment mix with this in mind. + + + + + +I'm new to the market and I was just browsing when I came across this mutual fund- PGIM India Emerging Markets Equity Fund but I'm a little perplexed by the contradictory return data on this fund. + +So, the return data on this fund shows 25%, 11% and 12% annualised return for 1, 3 and 5 years respectively. (Source A1 and A2 below) + +But the strange thing is the underlying fund i.e., PGIM Jennison Emerging Markets Equity Fund has been performing spectacularly giving 46%, 26% and 21% annualised return for 1, 3 and 5 years respectively and has been top 1 percentile performer in its category. (Source B1 and B2 below) + +As per my very rudimentary understanding the returns of FoF schemes is very very closely linked to the underlying scheme so can anyone help me in understanding this difference. TER on FoF scheme is 1.24 (includes the expense ratio of underlying fund) so that shouldn’t make up for this huge difference. + +EDIT- I have confirmed that 1.24 TER of FoF includes the ER of underlying fund, so that's not the case for the difference in returns. The gap remains a mystery still. + +EDIT 2- Thanks to u/NamitNasih for pointing out that earlier the fund was investing in Pramerica Euro SICAV Equity and last year changed the underlying fund to PGIM Jennison Emerging Markets Equity so that's the reason of difference in returns. + +Also if anyone has information regarding the TER of this fund please clear the confusion surrounding it. The performance sheet from PGIM site clearly states that "Total Expense Ratio (1.24 ) for PGIM India Emerging Markets Equity Fund and PGIM India Global Equity Opportunities Fund is inclusive of expense of the underlying fund." (Source C1) but some other redditors have pointed out that it may be exclusive of ER of undlying fund and u/InterestinglyScarce pointed out some consfusing data on amfiindia website (Source C2, Fill in all details with fund category as 'Other funds' and sub category as 'FoF Overseas') + +EDIT 3- I'm told that AMFI only shows the ER of FoF (1.69 for regular/0.49 for direct) excluding the ER of underlying fund, so the TER of 1.24 for direct as displayed on PGIM India excel sheet (Source C1) must be inclusive of the ER of underlying fund. + +Thanks to everyone including u/NamitNasih, u/InterestinglyScarce and u/garlak63 for helping me out. + +Sources- +A1- [https://www.moneycontrol.com/mutual-funds/nav/pgim-india-emerging-markets-equity-fund-direct-plan/returns/MDE504](https://www.moneycontrol.com/mutual-funds/nav/pgim-india-emerging-markets-equity-fund-direct-plan/returns/MDE504) +A2- [https://www.pgimindiamf.com/docs/default-source/funds/sid---pgim-india-emerging-markets-equity-fund.pdf?sfvrsn=8a65bfec\_0](https://www.pgimindiamf.com/docs/default-source/funds/sid---pgim-india-emerging-markets-equity-fund.pdf?sfvrsn=8a65bfec_0) +B1- [https://www.morningstar.com/funds/xnas/pdeax/performance](https://www.morningstar.com/funds/xnas/pdeax/performance) +B2- [https://www.pgim.com/investments/mutual-funds/pgim-jennison-emerging-markets-equity-opportunities-fund](https://www.pgim.com/investments/mutual-funds/pgim-jennison-emerging-markets-equity-opportunities-fund) +C1- https://www.pgimindiamf.com/docs/default-source/documents/monthly-dashboard/scheme-dashboard-performance.xlsx +C2-https://www.amfiindia.com/ter-of-mf-schemes +Why this question : + +To find out what people have been doing in this period of uncertainty , some are waiting for a crash or recession. Some are aggressively buying mid and small caps . + +Some are too conservative now and sticking to complete money market instrument. + +Some do not care whether it's recession coming or not and doing their monthly investments ( very few ). + +I am just maintaining my asset allocation , nothing else , 70 (eq) - 30 (debt) . Rebalancing it once in 2 month . + +So, through this thread will find out what others have been doing , what outlook they have in short and long term , and what actions you have taken in past 6 months . + +Also mention if you have made any lumsum investments . + +Only equity and debt please . + +No gold , real estate . + + +Thank you . +I was recently ring shopping because I just got engaged and I looked at Jared’s (Ended up shopping local for much cheaper). The guy there asked to run my credit just to see what I could afford if I chose to finance. Even though I really didn’t want to I was stupid and let him. He said I would be approved for up to $5000 if I chose to. I told him I would shop around and think about it. A month later I get notified that a $5000 line of credit was opened (Did I approve this by just looking? I never signed anything) Do I need to close this account? I am 100% sure I’ll never shop there as I hated their customer service. +(US post btw) I had a baby recently and had to get a c-section. Through my employer’s insurance I had to go to a specific hospital group to get maximum savings. I checked multiple times from the insurance to make sure the hospital and ob gyn, nurses, anesthesiologist fell under this maximum savings umbrella. + +Gave birth, everything goes well and got the expected bill, no issues there. 3 months later, I get a message from my insurance saying there is a new claim of around $9300 that has been denied. Apparently the assistant surgeon (not my normal doctor) was not under this maximum savings umbrella. In fact, the doctor isn’t even covered by my insurance at all, so this charge must come out of pocket. + +I made an appeal immediately and they recently denied my appeal because the doctor wasn’t covered. I tried explaining how these asst surgeons have a rotating schedule so I had no idea/control which asst doctor I would get. + +I’m at a standstill and don’t know what to do. I can make one more appeal, but what else should explain? Should I call the asst doctor to try to lower this amount? Please help! This is a very unexpected amount and any advice on trying to lower it would be great. + +Update: I called the assistant surgeon’s office and got the bill lowered to $100! Thank you for your advice!! +I don't understand what my problem is, but apparently I suck at investing. My parents gave me $10,000, and I heavily invested in Tesla Motors right before it took a huge plummet. I lost about 2,000 bucks. Yesterday I purchased 100 shares Twitter. 100 fucking shares of Twitter.... thinking I could ride the Twitter train. And now I am down another 1500 bucks. Everytime i make a purchase its at the worst possible time. I'm beginning to think that this money is cursed because on several other occasions I have lost money. The past 4 months my portfolio is down 25 percent... I dont get it. I am only 21 so I thought I could afford to take risks. But I am starting to think of taking my money out and giving up..... any advice would be appreciated. It seems that I ALWAYS buy at the worst possible time. +I drive an 03 dodge neon and I rear ended someone. Car is ok but hood is a little bent and insurance deemed it as a total loss. I really need my car and I kinda don’t have the money to buy it back. Its $600 to get it back. Do I have to go through this claim? + +Update: There was a bit miscommunication and I heard it wrong. They’re giving me $600 for the car. However with a salvaged title, will my car still be allowed on the road? This was my first car. Thank you. + +Update 2: I have another option. Insurance said I can give them the car and i’ll get $1000 for it. I think im gonna take that route. Just now I’m having more problems with my car. This damn thing been a headache the moment I got it. Like most of you said, I should probably get a new and better car. I just wanted to see if I could save it a bit but it’s gonna get worse from here. Thanks for the advice everyone. +I'm considering investing in the Canadian stock market, but I fear Canadians are misallocating excessive capital to housing instead of productive assets. + +My worry is that people are spending too much capital on unproductive (relatively) assets, instead of that capital going towards actual businesses. Money is going to mortgages and down payments instead of the stock market, buying stuff, or starting new businesses. That hampers real growth, wages, and demand. + +What do you guys think? I used to be bullish on Canada because of the high skilled immigration. But now that I've lived here for a while and see the situation with my own eyes, I don't like the composition of the economy, and that makes me hesitate. So for now I've been putting money into the Indian stock market instead. + +Your thoughts on this? +For example, if there is a stock at position 301 by market cap, couldn't a hedge fund buy so much to push it into the ASX300 which then ETFs tracking the index would be obliged to purchase it at that price? What's stopping people from doing this - market manipulation laws? Are there any examples of it ever happening, or safeguards in the index to prevent it? +I guess we didn't know any better, or there wasn't a better alternative. Thanks to DeFi, we now know what's up. You can even trust the devil and not trust a bank... just saying. It's nice to see that people are starting to see that with the rise of legal asset management platforms like Privateum among many others. + In just a little while longer, Banks will start losing their grip on our finances and assets and DeFi would dethrone finally as should be. +I mean I know every update is important and helps a wider group of developers to get busy working on Ethereum, but can someone go into detail, or talk about other aspects that I may not be considering? Thanks. +Amongst the FUD, negative news cycle and bear market, I'm curious to get this subs confidence (or lack of) in the long-term future of ETH, specifically compared to BTC and ETC. What do you think the likelihood is that over the next few years: + +1. ETH will have a larger market cap than BTC? +2. ETH will retain a larger market cap than ETC? + +Would prefer real, objective answers, rather than "hurr durr ETH going to 0/moon". + +Thoughts? +Many Bitcoiners still view Ethereum as a scam or vaporware. At what price do we see the Bitcoin leaders change their tune? I think we're really close to that moment so I think it's ~$10. When that moment comes I think ETH takes the elevator up, especially given the recent "decisions" made in the Bitcoin ecosystem. + +For what it's worth, I think Ethereum has far greater upside than Bitcoin ever could have given the additional utility it provides (not to mention the immediate boost it provides to the apparent scaling issues). +Just a word of warning. GME has become much harder to borrow with the rates to borrow going up. This means you are at more risk then usual for early assignment on deeper in the money short calls. + +If you are assigned early you will have to pay hard to borrow fees until the position is covered. + +If you see your short call is trading with no extrinsic value, you may want to cover your position. + +&#x200B; + +Edit to ADD: + +Sorry, haven't been able to respond to all questions. + +When I say short call, I don't mean just naked short. If you have a call vertical, a call butterfly, or any spread with a short call you are at risk of early assignment. + +If you have been assigned on a short call from a spread, you can either exercise your long call or close the position as a spread (you would place an order to buy the stock you were assigned and sell out your long call). If there is no extrinsic value left in your long call, easiest is to exercise. If there is extrinsic value left do the latter. + +Make sure your broker hasn't closed out the position for you before you act. + +Edit again: I added that your risk in early assignment is for short calls. Didn't put this in at first as you can't be assigned on long calls so I didn't think it was necessary, but for those who didn't realize this, this clarifies. +Basically I'm nearly 18, I've worked all through school and been frugal as shit, and now I'm at University with 5 grand in savings, and another grand in a spending account for petrol/car repairs/clothing/food. + +Lately everyone around me has been annoying as fuck, I've never let anyone know that I have money saved, they all assume I'm too stupid and spend it on alcohol and weed like the rest of them. My brother burns through 100% of his salary on meth (i'm not joking) my mum has a gambling addiction, I haven't seen my dad in ages, my girlfriend works full time but is always asking me for money, I don't budge when it comes to this. Basically I just pretend like I'm living off the $100 cash i have in my wallet, which I am for the most part. + +The thing is a few times my mother has tried to access my bank account or make passes at me like I owe her for raising me and putting a roof over my head etc. etc. + +A few times I've had to show her my bank statement for a separate account i've created purely so that when I get sent statements it shows I've only got $50 to my name. + +I'd really like to invest my 5 grand instead of trying to hide it from the pieces of shit around me. Honestly, I don't really expect a whole bunch of replies, I just want to know, what would you do if you had a spare 5 grand, with enough money to keep you sane till the end of the year (When I might be moving out) + +Cheers team. + + +Edit: thanks so much for the responses. You guys have been so helpful! + + +I've found that some common investors (some of which are on this sub) have a deeply flawed approach to investing. Investing is not "will this company sell more products in 5 years" or "will marijuana be legal"? These are predictions, not investing, and without knowing the difference, your returns are going to be below average. I wrote up a little primer on investing on my blog, and wanted to share it below for anyone who might be new to investing. + +For what it's worth, I used to fall in the "prediction" camp, until i spent thousands of hours reading about investing, so my aim is to help put people on the right path. I hope this proves helpful: + + +**What is Buying a Stock? (A Primer on Intrinsic Value)** + +It's a foregone conclusion that the common investor regularly underperforms the market. Maybe it's their emotions getting in the way, or they can't see their own ignorance, or perhaps some combination of the two. While these, and many other faults, are surely prevalent, they are not the greatest impediment to healthy returns. Instead, there is a fundamental misperception behind the concepts of both shares and stocks that must be remedied if one wishes to achieve consistent returns. I believe that: + +* The common investor doesn't know what "a share" fundamentally represents. + +* There is a perverse disconnect between a *company* and its stock + +By not understanding these two basic (yet often taken-for-granted) concepts, an investor has no business investing in anything but an index fund. At the most fundamental level, an investor has to understand that when buying a share of a company, what you are really buying is a percentage of the company's total worth. It therefore follows that the right question to ask isn't "will this stock price go higher" but rather **"what is this company worth"** (and can I buy it for less than that)? + + +**So What is a Share?** + +We can easily look up the definition of a [share](http://www.investopedia.com/terms/s/shares.asp), and find that it's "one of the equal parts into which a company's capital is divided, entitling the holder to a proportion of the profits." Sounds easy enough, but for those who don't have a solid accounting or business background (i.e. the common investor), this is far less clear than one might think. + +I've often seen the mistake of 200 shares being ipso facto "better" than 100 shares. While some might laugh and say those people are foolish, this belief is surprisingly prevalent. I know many who view the share price as being indicative of how "good" a company is. It's fairly commonplace to think that Company A, priced at $50/share, is a better company than Company B, because it's at $20/share. Sillier yet, people will avoid Company A, because it's "more expensive" than Company B (at least on a per-share basis). People fail to grasp that when you buy a share of stock, what you're really doing is buying a **piece of that business.** Owning a share entitles you to claims on the cash, assets, and future profits (and losses). Put more simply, a share is nothing more than a percent ownership of a company. + +To make it easier, think of it like a pizza. Would you rather have 1 slice of a pizza pie or 12.5%? Well, that all depends on how many slices are cut from the pie. If the pie is only cut into 4 slices, then 1 slice represents 25% instead of the measly 12.5%. Extending this same logic to shares of a company, we now know that the actual number of shares really doesn't matter. What does matter is the percent of the business a share represents. All things being equal, 1 share of a company with 100k total shares available is very different than 1 share of a company with 10k shares. + + +**Company vs. Its Stock** + +Now that we know that a share represents a percentage of ownership, we have to ask **"what is this company worth?"** No doubt, this is an intimidating question. Do we add up all the assets? Do we look at the cash in the bank? Do we look at future profit? How do we account for untapped markets, technology shifts or unreleased products? There is no simple answer, but answer it we must. People spend too much time trying to predict the upward or downward squiggle of stock price instead of trying to make sense of what a company is worth, but once we determine the worth of a company, it's easy to figure out what to pay per share. + +It helps to look at a very basic example. Let's say you were offered an opportunity to buy 50% of a company. You've done your homework, and know that this company owns a building worth $10m alone, in addition to some other profitable operations. There are only 2 shares of the company available, so what would you pay for 1 share? Well we know the company is at least worth $10m (from the building), so all things being equal, we'd likely jump at the offer to pay anything significantly less than $5m for 1 share (i.e. 50% of the business). + +Now say there are 100 shares available. Would you still pay $5m for a single share? Probably not because one share now entitles you to a mere 1% of the company; or $100k. It's obvious that paying $5m for $100k of value is not a prudent decision, and this is exactly the same type of mental exercise an investor must go through when deciding on whether to invest in a company. + +After this slight change in mental framework, we can move on to the hard part; how to value a company. This is the fun (and difficult) part, and we can get there many different ways. Maybe we add up everything the company owns and owes, what they take in/pay out in cash, and then trying to figure out what all that is worth. Or we could only look at the balance sheet (where assets like real estate, equipment, cash and investments live). Further still, we can try looking at future earning potential of the company, and figure out what those earnings are worth **today** (this is called [discounting](http://www.investopedia.com/terms/d/discountrate.asp), and you must understand it intimately). + + +**Conclusion** + +It's vitally important to remember you're not betting on whether a some little squiggly line will go up or down, nor are you estimating exact future sales figures. In the purest, most simple form, the only thing you should be trying to answer is **"what is this company worth?"**. ​If you cannot do this, you should not be investing in anything other than index funds. I would recommend Vanguard's. + + +https://www.bloomberg.com/news/articles/2018-01-26/trump-is-said-to-seek-716-billion-for-defense-in-2019-budget + +Good times for those of us long on defense. Best defense stock rally of all time probably. + +Long $NOC $RTN, $BWXT, and $ITA and loving it. To the moon! Lol @ the deficit! +I think tipping in /r/Bitcoin is causing many disingenuous people to come here and deliberately post fake threads in hopes for tips. + +Please don't feed the pigeons, they poop on our lawn. + +Instead, tip on other subreddits. I know it is hard. I know there is at least a 50% chance you will be downvoted to hell and called an amway salesman. But guys. That is where the fight is. That is where the war is won. + +/r/Bitcoin has users that already have an interest in Bitcoin so you are not causing any "viral effect" to occur here. +Fight the good fight. Save up your tips and tip >1000 when you do (I tip usually 3000-10000) and I ONLY tip in subreddits that are NOT bitcoin. If you follow this process, your tips are received by people that: + +1) Actually have no idea they were going to be tipped bitcoin (its not a bitcoin subreddit) therefor are initially not interested in bitcoin. This gives you a chance to pique their interest->viral/network effect applies + +2) 0% chance they are deliberately posting to get tips + +Again, you had me at subscribe. No need to tip me here. I am one of you already. + +Edit: What this thread has turned into... http://i.imgur.com/uTtSw53.jpg +Today, Loci announced a new partnership (https://medium.com/@John_Loci/waltonchain-partners-with-loci-389fea2f3a3c) with Waltonchain (https://www.waltonchain.org/)! + +Let me explain in a few words why I am excited about this: + +So first of all, what does Loci do? Well, Loci uses blockchain technology in order to help entrepreneurs and small companies increase their chances to make a name for themselves. Actually, people can access InnVenn platform (an app developed by Loci) in order to stake their ideas on the blockchain. Why would you use InnVenn? Because it's easier, faster and cost effective. You can even find new areas of innovation with their app. Though, imho, the best use case is that Loci created a marketplace for ideas! (Get rich either by selling your idea or by buying a great one!) + +Secondly, what does Waltonchain do? Waltonchain is a future blockchain which actually has the same aim as Loci, helping innovative startup to develop but in a different way. Waltonchain wants to create a commercial ecosystem for IoT using blockchain and RFID. The interesting aspect of their work is that they want to do this on a global scale so they need partners. Choosing Loci as their partner in US shows that Waltonchain acknowledges the importance and the strength of Loci's project and goals. + +How does Loci and Waltonchain can work together? Waltonchain wants to go global so they need reliable partners and Loci is one of them. Loci has a lot of experience in IP (Intellectual Property not to be confused with IP as in IP Address) patenting and their platform, InnVenn, is fully operational. Imo having the same goal, both Loci and Waltonchain are able in time to make the unknown, known all over the globe. All they need now is time and a great cooperation with each other (maybe attracting even more partners to this project)! This can be beneficial for research centers, universities or any other entrepreneur / small company who has a great idea but can't make themselves heard. + +It's really great to see how cryptocurrencys blend into each other and I can't wait to see how this bond between Loci and Waltonchain will develop! Good luck guys! Keep us updated! +[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](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**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 do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[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 + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>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! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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! +Monzo's losses have risen to £114 million and the startup has warned of "significant doubt” on its ability to continue as a going concern + +https://www.telegraph.co.uk/technology/2020/07/30/monzos-losses-rise-114m-banking-app-warns-slowing-growth/ +Good morning, folks. + +Thank you everybody for all of their posts here, learn a lot reading here everyday. + +Have a question about maybe getting back into Canadian Couch Potato Portfolio after investing with a robo-adviser for the last 5 years or so. + +Many years ago started doing e-series funds in TD accounts, then switched to my own bank and did their version of low-cost ETFs with my portfolio divided between them. + +Did very well with these accounts - rebalancing once or twice a year was easy for me to do, but what a didn’t like was that I could never see my performance expressed as a percentage because I was using my bank’s discount brokerage. + +The bank wanted me to switch to their a managed portfolio with a ‘wealth advisor’, but at a cost of 2%/ year - so this was not an option I was willing to consider. + +What we did find at the time that we switched to was a robo-adviser, that allowed accounts with less than a million dollars in assets access to private investment portfolios. The company says that their funds mimic portfolios similar to what institutional investors would hold. +It’s been great having access to these - have noticed that our accounts have weathered recent ups and downs in markets with much less volatility. We like that and like the security. + +Have been very happy with the product - but the robo-adviser also show the amount in fees we have spent over the last 5 or 6 years, in addition to the fees that would be included in the underlying funds held in the account… + +Seeing what we have spent in fees in recent years has led me to want to look into taking an even lower fee approach to our investments. + +I am very comfortable managing my own portfolio have several Questrade accounts for several family members, and will likely be switching accounts slowly over to Questrade, where I can purchase ETFs at no cost. + +Our roboadviser portfolio was invested in a ‘fund of funds’ which included funds invested in - Mortgage Funds, Private Debt Funds, Private Equity Funds, Precious Metals, Alternative Strategies, Canadian and US Real Estate. I know these are very general categories, but mentioning them to give an idea of what I’m after. + +I would love a ‘Just buy VGRO’ Couch Potato Portfolio, but would like to add a few alternative drivers to the portfolio to become more of an ‘All Weather Portfolio’ like what we had with our robo-adviser portfolio. + +Does anyone have any suggestions for ETFs to add to a VGRO, which I want to hold for the equity portion of my accounts, to make my accounts more of an ‘All Weather Portfolio’? +Hello PF, + +My wife and I make a combined annual gross income of $153k ($12,758 monthly) as a corporate accountant and public school teacher. We recently purchased our first house for $487k with total monthly payments including mortgage, PMI, and escrow for insurance/taxes of $3,569. Those numbers put us roughly at 28% of our housing costs (less utilities) of our total gross. Mathematically that's falling within the general rule of thumb for housing but I'm more or less freaking out internally because we are used to paying rent of 1,100-1,300. Did we actually buy too much house or am I just having a moment with the jump in housing costs from what we are used to? The only other debt we have is a truck payment of $520 monthly. Please be frank in your responses if we screwed up. + +** edit - we are also saving 15% of our gross income in Roth IRAs and Roth 401ks, as well as maxing HSAs. Also, we have 3 months of emergency fund in a HYSA. +My father approached me this weekend and asked if he could create brokerage accounts for my 2 year old son and the baby I’m due with in November. He plans to start each account with $10,000. I know nothing about investing beyond contributing to my 401k and I don’t know that my dad does either. Is this a good idea? Is he able to do this without my involvement? Would this money be better off in a savings account? My fears are my sons suddenly coming into a lot of money when they turn 18 and wasting it. My 2 year old already has a college fund started with a substantial amount in it from my in laws and this baby will too. + +Edit to add: my boys will be gifted the money either way, we’re just deciding what to do with it. +Background: i am 18, graduating highschool, and going straight into active duty right after that (yes, ive signed my contract for 6 years). I am going to be a helicopter mechanic in the Army.When I get out, i'm planning to go to college for a bachlor degree (possibly a master) in "airframe and power plant" or "cyber-security". My college will be paid for by the GI Bill. Did a little research and let just say that i would be making around 40-50k annually for these fields. + +My goal: save around 700k to 1mil by the time I retire + +My questions: +-My entry monthly salary is $1,800, considering all my food, housing, healthcare, already paid for by the army themselves, can use this 18hundred however i want? How much of this monthly income should i take out to start investing? And how much of this income should I save up for life after military? (my contract is 6 years, but i'll probably will stay in longer maybe for 10 years) + +-I took a "money matters" class in school and they've talked a bit about investing in index funds, mutual funds, roth ira, stocks, etc. They also talked about how time is very important when it comes to saving and investing. Since i am young, not afraid to make riskier investments, and has a lot of time on my side, what should my investment portfolio look like? How much should be spent on index or mutual funds? How much should be spent on retirement? Etc. + +-Since serving in the military doesn't give me a lot of free time, how can i maximize these investments without having to worry about it every hour of the day? should i hire someone that could take care of it for me like a finacial agent/broker? + +- Thrift Saving Plan, is it a better investment instead of a rothIRA since i'm in uniform? + +Sorry for the long post and asking many questions, i am comepletely a noob in money, please feel free to fill me in with anything I didn't understand. Thank you +I have a 8 and 2 year old. My wife and I are trying to decide how much of their school we should try to help with. We plan to insist on them getting an Associate's degree at a community college before University. Our 2 ideas are: + +1. Pay for 2 years of in-state University undergrad + +2. Not pay for any schooling, put the money in a fund, and give them $75k when they turn 30. + +Any thoughts? +I have been using Zerodha's Coin for long time for Mutual fund investment and I have got access to Paytm Money. I haven't seen/used Kuvera or Groww. I found few features like risk meter, sectors or companies invested in, fund managers profile, fund ratings etc. on Paytm Money interesting, important and easy to access for people investing through direct mutual funds. Can we discuss advantages and disadvantages comparing all the major available apps? +Given the Yes Bank fiasco and restriction of selling the equity shares, the Nifty 50 index fund holders like me are left with dud shares what the fund won't/can't dump even when the stock moves out of the index. In this case the entire argument for index fund pretty much collapses if the funds can't even follow the index. + +This sub loves index funds and freefincal. Given the lessons from recent market scenario, are index funds still advisable as core MF portfolio, or has this proven that the successful passive investing is still few years away in an economy like ours? + +Should I switch to active funds now. +My 8 year old nephew is living with me for a while, since his parents now have to go to work in person. +I thought this would be a good opportunity to get him started on financial literacy - his parents are college professors, so not very much into money matters. + +Couldn't find any readymade material, so I'm going to teach him personally. But I'm trying to figure out what topics I should cover. + +Till date, I've covered budgeting, interest (a rudimentary version of present value / future value of money) and I'm trying to figure out how I can ELI5 inflation. +I've had also set him up with a bank account and a MF folio two years ago (equally in Nifty 50 and S&P 500 ETFs), to manage his pocket money (and also get addicted to seeing money grow, and learning to stomach losses - poor thing took March 2020 hard, but now he knows to sit tight) + +What are some topics that you talk to your kids about in terms of financial literacy? It'd be great if we could crowd source a lesson plan here, and in a couple of weeks, I'll update with any ppts / youtube videos I used to cover those topics. +I have been looking very closely at the US market for the past one year and also been doing a little investing in it. And during this I found more cons than pros. Some of them are- +Looking at two news sources. + +While the fraction investing is great it is heavily taxed and lot of transaction fees. + + +The market seems very mature and seeing even the average index return Indian market is still in the growing phase and the real money(stock market-wise) minting is where the growth is. + +A bit patriotic- apna desh ka vikas. +This is a follow up to [a post](https://www.reddit.com/r/IndiaInvestments/comments/v0s6g7/no_sovereign_gold_bond_sgb_tranche_for_202223_yet/) that I made 3 weeks ago. The first tranche is now open. The second tranche has also been announced. + +1st Tranche - June 20-24 + +2nd Tranche - August 22-26 + +Source: [News18](https://www.news18.com/news/business/savings-and-investments/sovereign-gold-bonds-open-for-subscription-tomorrow-key-details-investors-should-know-5400859.html) +What are thoughts of this community on Kotak's NFO for Nasdaq 100 FOF? + +Portfolio funds: +1. iShares NASDAQ 100 ETF USD Acc + +2. Lyxor NASDAQ 100 ETF Acc + +3. USAA NASDAQ-100 Index fund + +4. Or similar overseas ETF and/or Index Fund based on NASDAQ 100 Index + +Yes I am aware the risks with NFO. I am looking to invest long term starting with small amounts. + +I would like to know your thoughts on few things: + +1. How do you think it will fare against similar funds of Motilal Oswal and Parag Parikh? + +2. How will USD-INR rates fluctuation affect returns? + +3. What are tax implications of such funds for Indian resident? I am not looking to invest a lot and don't want to spend more efforts in the already laborious tax filing process. + +4. Anything else I should be aware of? +How will it affect IT companies who offers most buy backs? It seems govt wants to discourage buy backs. Seems like double taxation according to this article. + +https://m.economictimes.com/markets/stocks/news/sitharamans-new-tax-may-make-share-buyback-a-thing-of-the-past-and-how/articleshow/70112882.cms +The eleven government-owned banks which are under the Reserve Bank of India’s corrective action framework continue to report large losses, as they slow growth and top-up on provisions against their large pool of stressed assets. The slow pace of resolution under the insolvency process has meant recoveries remain low and losses remain high. + +The revised prompt corrective action, which imposes strictures ranging from curbs on branch expansion to lending, has become a flash point between the government and the RBI. The government argues that the framework is hindering the flow of credit to the economy, while the RBI argues that allowing these banks to lend heavily until they strengthen their balancesheets is imprudent. + +The eleven banks, in decreasing order of their cumulative losses, are: + +1. IDBI Bank +2. Allahabad Bank +3. Indian Overseas Bank +4. Central Bank of India +5. Bank of India +6. UCO Bank +7. Oriental Bank of Commerce +8. Corporation Bank +9. Dena Bank +10. United Bank of India +11. Bank of Maharashtra + +[*BloombergQuint*](https://www.bloombergquint.com/business/eleven-banks-under-corrective-action-report-over-rs-10000-crore-in-q2-losses#gs.jT8mOLU) story. +I have been using Zerodha's Coin for long time for Mutual fund investment and I have got access to Paytm Money. I haven't seen/used Kuvera or Groww. I found few features like risk meter, sectors or companies invested in, fund managers profile, fund ratings etc. on Paytm Money interesting, important and easy to access for people investing through direct mutual funds. Can we discuss advantages and disadvantages comparing all the major available apps? +My thought process was simple, for I am a simple ape. But it certainly rustled my jimmies. + +* Thought I: Ryan Cohen is a very smart businessman. +* Thought II: A very smart businessman is very aware of the extreme popularity of libel, slander, and defamation lawsuits in the USA. +* Thought III: RC, as much as he publicly can, is insulting and goading a very rich and power consulting group that has done and will do lawsuits to defend their reputation. +* **Personal Conclusion: If RC is very publicly shit-talking BCG** ***before*** **the announcement of a lawsuit/trial, it must mean he is more than 100% confident in him being right/legally sound in throwing that monkey shit at BCG.** + +**Ergo**: see you on the moon boys +[Gooooooood Moooooorning Superstonk!](https://tenor.com/view/good-morning-vietnam-robin-williams-classic-announcer-radio-gif-4844905) + + +It is a wonderful day to be up and in the jungle! + + +Crack open a cold one, eat some junky food and and prop your feet up you other side of the world Apes! Murica just woke up. + + +It is time for [The Daily Stonk](https://preview.redd.it/h5yz344z4qe71.png?width=1600&format=png&auto=webp&s=030ec1b2a90085e5a71eb5246f3edf714fd2e331) + + +[S&P mid-cap 400 today!!!](https://www.google.com/amp/s/www.forbes.com/sites/antoinegara/2021/07/27/gamestop-is-coming-to-an-index-fund-near-you-a-new-stage-in-the-stock-markets-hallucinogenic-trip/amp/) +Even Forbes is talking about us. What does this mean? Well it means that we have a solid company that has true potential. So like our parents kept telling us: Find a good stock and hold onto it. + + +[Reverse Repo is sitting there just under $1T still](https://www.reddit.com/r/Superstonk/comments/owjfqi/daily_reverse_repo_update_0802_921317b/) + I'm not sure I truly grasp it…. If anyone has some data on what this number really means please point me in the direction with an explanation like you're talking to [this fine man.](https://tenor.com/view/wumbo-spongebob-gif-10902129) Best I can figure is that is how much money the baby corporations owe the daddy corporations for some zipple. + + +[Apes have no two doubts they will cross the t's ](https://www.reddit.com/r/Superstonk/comments/owub83/inflation_alert_a_dive_into_the_bureau_of/?utm_medium=android_app&utm_source=share) and [dot the lowercase j's…](https://www.reddit.com/r/Superstonk/comments/ox73r3/gary_gensler_public_statement_alert_remarks/) + +u/Dismal-Jellyfish + + +Gary Gensler of the SEC states the SEC has authority over the crypto space. He stated he needs resources and support from congress and for them to act to protect the system from bad actors. His proposed order of importance for pursuing regulation: crypto trading, lending, and DeFi platforms. + + +GameStop is on notice Gary Gensler and the SEC is watching. Good thing GameStop is comprised of a hardworking team working on the up and up to do by right by their customers. + + +Ethereum was debunked for reasons of pure speculation and making numbers work on voodoo. Also I forgot to delete it from yesterday's copy paste.... Don't squat and post boys and girls + + +[Looks like we've got some indicators to watch](https://www.reddit.com/r/Superstonk/comments/owe33g/sp_smallcap_to_midcap_shift_everything_you_need/) + +If my smooth brain translates this correctly there will be some sideways trading on all of these little pools of stocks. They will come with a little bit of a dip if we hold to the principal of all good news comes with a dip. But again good company with strong fundamentals. Hold onto them like daddy said. [Expect a dip today as some smart people with wrinkles conducted a study about it](https://www.reddit.com/r/Superstonk/comments/ox9ogs/actual_price_impact_of_moving_from_sp_smallcap/) + + +[Exponential floor guy final update 😭❤️🦧](https://www.reddit.com/r/Superstonk/comments/ox39kn/0802_final_update_floor_guys_log_stonkdate_306/) +u/JTH1 gives their final update on the now-defunct exponential floor model--the model is broken but their resolution is stronger than ever! [Apes all across the jungle applaud your efforts](https://www.reddit.com/r/Superstonk/comments/oxfxl0/thank_you_for_your_service_good_ape/) (and all the other TA 'guys') in attempting to use technical tools to rationally read the tea leaves of this blatantly manipulated stock by irrational actors. + +[At the end of the timeline is He-Who-Remains](https://www.reddit.com/r/Superstonk/comments/ox9ubj/meanwhile_trading_sideways_guy_happily_waiting/) + + +[I always love rollercoasters in the last minute of a football game. Why should stocks differ!?](https://www.reddit.com/r/Superstonk/comments/oxbo19/the_last_5_minutes_of_market_today_was_all_the/) + +Apparently this little maneuver is called +[banging the close](https://www.reddit.com/r/Superstonk/comments/oxdd1x/dear_sec_on_8321_gme_stonk_was_blatantly/). Oh my goodness what a rush that was! Good thing GG isn't watching or anything. We also have our best [mathematical geniuses working on what this means](https://www.reddit.com/r/Superstonk/comments/ox5zkx/according_to_my_precise_calculations_were_just/) in the long run! + + +Please feel free to tag me in any verified information or any story that is developing! + + +I am the furthest thing from a financial advisor. All this is just some yank's opinion who's brain is as smooth as his head. + + +[EXCELLENT!](https://giphy.com/gifs/ifc-80s-bill-and-ted-excellet-l46CDHTqbmnGZyxKo) + + +users worth noting: +u/DeepFuckingValue (dont need to explain...) + +u/atobitt (DD) + +u/Criand (DD) + +u/pctracer (Reverse Repo Market Updater) + +u/JTH1 (Floor Guy Stonkdate) + +u/mr_boost (Ape News Network | Comedic posts) + + +Thank you to the mod team!! + + +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! + + +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. + + +We don't care, just be nice and let's make this community as Excellent as we can! + + +Okay that is all for now adios buckaroo + + +. + + +. + +Edits: fixed some links and typos. I'll get the hang of this eventually 🤠🏇 + +[Reverse Repo explained in a way even I can understand](https://www.reddit.com/r/Superstonk/comments/owwk1p/the_rrp_number_is_incredible_but_what_does_it/h7iv86i/?context=3) thank you u/Criand and u/POVSinkDude +We have 20k in a savings account, but my thought is this money could be doing so much more for us. Ideally I'd like to keep 10k in the account for house emergencies and then do something with the other 10k. We are not people who are going to play the stock market, but would like to just see what we could earn off of this money for either future home projects and the like. + +We have zero debt, only thing we owe on is our house payment, no cc debt nothing. + +Thoughts on what to do with 10k? +Graph of this issue: +http://pbs.twimg.com/media/DZsKrS8XcAAKdxp.jpg + +Remember the last time stocks fell so hard? You probably don’t, and that’s making today’s market seem harsher than it is. + +It’s a fact of the life of the mind -- things always seem worse in the present. In reality, they’re not. In this bull market alone there’s been five other corrections like this one, and it’s taken around seven months on average for equities to climb out of their hole. Based on that path, the current jitters won’t be fully eradicated until August. + +Just because bouts of losses are normal doesn’t mean they’re painless, especially when momentum stocks are leading the way lower. But the statistic is a reminder that it’s unrealistic to expect a market recovery to involve a straight line back up. + +“This is very stressful stuff,” said Michael Purves, Weeden & Co.’s chief global strategist. “It’s like going to the gym and lifting weights after you haven’t been to the gym for two years. Part of it is just a very normal psychological, emotional reaction.” + +Since 2009, the average correction in U.S. stocks has lasted 200 days and lopped 14 percent from the S&P 500. That means if this one ended this week -- an unlikely prospect, given the index just posted its fourth consecutive move of greater than 1.5 percent -- it would be the second shortest and second shallowest of them all. + +It seems even worse because of how placid markets have been since the last disruption. While individual stocks are regularly rising and falling 5 percent nowadays, consider that in 2016 and 2017 the S&P 500 went through several multi-month stretches without posting a single up or down day of more than 1 percent. + +That hasn’t been the case lately. The S&P 500 dropped 1.7 percent on Tuesday, erasing more than half of the previous day’s 2.7 percent rally. Futures on the gauge rose 0.3 percent at 8:05 a.m. in New York. + +Stock turbulence as measured by the benchmark anxiety gauge, the Cboe Volatility Index, is much higher. At 22.5 now after rising for the third time in four days, the measure is nearly twice its level for the previous two years. There have already been 22 days in which the S&P 500 moved more than 1 percent in the first three months of the year, triple the total for all of 2017. + +“You had this incredible low-volatility environment, but markets are supposed to go up and down,” Michael O’Rourke, JonesTrading’s chief market strategist, said by phone. “Relative to how markets should be and how they behaved most of my career, thus far this selloff is not a major event. At this point the selloff relative to history is just a blip.” + +So the rupture is back-to-normal, and normal is usually hard. Take the action in tech mega-caps, a group that lured investors with gains more than triple the market since 2016. They’ve been cited by money managers as the most crowded trade in Bank of America’s March survey for a second month. +My employer is letting me go. I was on the cusp of retiring anyway, so while the timing isn’t ideal, it isn’t the end of the world for me, and may actually be a blessing in disguise. I have a 2-year cushion of cash already, so I feel I’m in a fairly good spot to weather this. As part of my severance package, I will be receiving the equivalent of about 8 months pay, plus 1 year of COBRA. I am thinking of increasing my HSA contribution so that I can reach the annual max ($7300 for a family). Does this make sense? Is there anything else I should consider doing? +[https://imgur.com/bXLI1uA](https://imgur.com/bXLI1uA) + +[http://openinsider.com/INTC](http://openinsider.com/INTC) + +Some of the directors increased shares owned by over 70%. + +Seems like relevant news. I don't know what's going on with internally, but these trades happened 5 days after the decent earnings and the subsequent drop of 10%. Don't know why the stock dropped, but considering they beat analyst expectations by 60+% it seems like an interesting value proposition compared to the competition. + +(values in $B, 2020 annual figures) + +|Company|INTC|NVDA|AMD|ASML|TSM| +|:-|:-|:-|:-|:-|:-| +|Revenues|77|17|10|16|48| +|Earnings|21|4|2.5|4|18| +|Market Cap (based on current prices)|200|633|150|335|600| + +&#x200B; + +Edit: Thought more recent data is more relevant, so here's the updated table. + +Same table, but with 2021 q3 values from yahoofinance + +|Company|INTC|NVDA|AMD|ASML|TSM| +|:-|:-|:-|:-|:-|:-| +|Revenues|19.2|6.5|4.3|6|14.9| +|Earnings|6.8|2.4|0.9|2|5.6| +|Market Cap (based on current prices)|200|633|150|335|600| + +&#x200B; +Using a throwaway for obvious reasons. +I work in a small locally owned cafe who have been fortunate enough to remain open during this whole pandemic. All employees have had their hours reduced though as it hasn't been busy enough to have our regular hours kept. + + +My boss pulled me aside the other day explaining the application for jobkeeper and saying it was $1000 for them to apply for it. I'm fairly sure he specified that this wasn't the accounting fees, but I could be wrong. He asked if I thought it to be fair for all of us, including himself, to split that fee as we'd all benefit from it in the end. I was unsure though as I wanted to look into whether that fee is actually real or if my boss is just sneakily trying to get their accounting fees covered as he mentioned that their accountant said the whole jobkeeper accounting is a pain in the ass. +Has anyone else heard of this? +Ouch. So glad I got out of this stock years ago. + +https://www.cnbc.com/2018/02/02/federal-reserve-orders-wells-fargo-to-replace-four-board-members-restricts-growth-because-consumer-abuses.html +Up to 80% (depending on your source) of the world global vanilla output comes from Madagascar, from poor small-time farmers. + +In 2017, global vanilla prices skyrocketed (<$50/kg to >$300/kg) after [Cyclone Enawo](https://en.wikipedia.org/wiki/Cyclone_Enawo) went through and demolished the crop. + +Right now, Cyclone Batsirai is en route to Madagascar and due to hit this weekend, forecast to make landfall as a Cat-3 equivalent. +https://i.imgur.com/zIsArVS.gif + + +How can I get in on this? +Betting on the weather can't possibly go wrong, right? +An old lady walks into an exchange with millions of dollars in BTC + +&#x200B; + +She lets them know at reception that she wants to open an account. + +&#x200B; + +Out comes the account manager and he takes her to his office to discuss what to do with her crypto. + +&#x200B; + +He asks her "If you don't mind me asking, how did you come into all this Bitcoin?" + +&#x200B; + +She replies "Well I like to bet." + +&#x200B; + +"On what? Horses?" + +&#x200B; + +"No on people. For example I bet you 5 BTC that by this time tommorrow, your balls will be square." + +&#x200B; + +He agrees, and the old woman leaves. + +&#x200B; + +The next day the manager wakes up and when he goes to bathe he examines his balls. Sure enough they're still round. + +&#x200B; + +The old woman comes to his office later in the day and he asks her "Whos this young man with you." + +&#x200B; + +She tells him "Oh don't worry about him he's just my lawyer." + +&#x200B; + +"Well I'm sorry to tell you but my balls are still round." + +&#x200B; + +"Oh dear. Well could I check to make sure?" + +&#x200B; + +The man reluctantly agrees and she examines and fondles his balls to check that they are indeed round. + +&#x200B; + +The bank manager asks the woman "Why is your lawyer bashing his head against the wall?" + +&#x200B; + +"Oh, well I bet him 100 Bitcoin that I would have you by the balls before the end of the day." +As the title says. Sorry if this is the wrong subreddit. I've never been in an accident before, so I'm not entirely sure how all of this works. + +Got rear ended by a company vehicle, other driver definitely at fault. Driver of the vehicle (not the company owner) has been stringing me along about getting me insurance information. My insurance calls me this morning and verified that the vehicle is in the company's name but doesn't have any insurance on it. My insurance tells me I can have my vehicle repaired w/ my uninsured coverage, but I essentially have to eat my deductible. + +I do have the name and phone number of the guy that hit me. I also have the company's name and owner's phone number, along with the license plate and VIN of the car that hit me. + +Do I have any options here? Or am I stuck? + + +Edit because it's a common comment: + +Cops were called, other driver left after the cops said they were on the way. Courtesy patrol came about 45 minutes later and said the cops weren't coming at all, and to go to the local police station. Local police station said the cop that was "assigned" to my case (because I had already called), was off for the night and to come back another day. I've gone back to the police station three separate times, and each time they said that the officer wasn't available and sent him an email requesting for him to call me. Surprising to no one, he still hasn't called me. I plan to go again Monday but I'm not expecting any new results. +Ive sold so many CC and SP against my Twilio shares. + +I just looked today and saw that my cost basis for 200 Twilio Shares is -24.29$! + +i've been to all the major investment subs... each has its own personality type and feel. + +Finally finding thetagang, has felt like home. + +Ps. I didn’t start these twilio shares at the current valuation lol. These are shares ive had for a while. Original cost basis was 50s +Many advertise “no commissions” but they charge fees per contract, so trading options on their platform is not totally free like it is on robinhood. + +I use robinhood and I just can’t believe no other brokers offer completely free options trading. But after researching it looks like RH really is the only one that offers completely free options trading unless I’m mistaken +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 am new to ThetaGang and want to buy some LEAPS on blue-chips like AAPL to sell PMCCs against. Specifically, I'm planning to buy my LEAPS with a 2 year expiration, so relatively long term, and then sell monthlies/weeklies. + +However, there's a good chance that the market will correct or even crash (hopefully not) in the next few months and really destroy my LEAPS. In a situation like this, is the capital saved worth the opportunity cost of waiting? Do you typically go cash-gang in situations like this? Or does it not matter if your scope is long term? Thanks. +I've always been wary of selling premium and never ventured into shorting calls. But I realized I've been long these deep ITM LEAPs for quite some time and I could've been selling calls against them to get premium right? I believe this is called poor man's covered call. Am I missing some obvious drawback or is it as simple as I'm thinking? I feel like even if the stock kept rallying, my LEAPs would gain so much that I wouldn't mind the short call's loss. What is the best time frame to sell calls in the short term? 1 week? 4-6 weeks? +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. +(This turned out to be a extremely long post, I hope anyone will read it. I had to get this off my chest.) + +&#x200B; + +As the crypto market is still stumbling and trying to recover it just hit me... + +&#x200B; + +January 14th last year was my last day everything was normal to me. + +&#x200B; + +I invested in crypto for the first time in May 2017. Bought some more in the following months, I eventually poured in 90% of my savings. Then we bought a house in August of 2017, we'd get the key halfway in November. Tons and tons of work had/has to be done in this house, so I really started focussing on crypto. Me and my wife were also expecting twins, so I HAD to get certain things done before June 2018.. + +&#x200B; + +I went up 60% of my investment in a few days when CFD (Confido) boomed. I was lucky enough to be there on Etherdelta when it became available, bought the first loads people sold after ICO. Took me a few hours of trading, but I had profit! Instantly cashed the profit, because we had to pay a few K's before I could get the key, so I was close to fucked but I just made it out alive. Especially as I saw they exit scammed and I saw my portfolio drop by nearly 70%, but luckily I had the money I needed. + +&#x200B; + +In the next months I made some good choices, bought Snovio at 0.004 cents and saw it raise to 40 cents I believe, my investment wasn't huge but the return was insane. Could have much bigger, but I sold slowly as it kept rising to be safe. Other big coins were Raiblocks, Oyster Pearl. Crypto took over my life, every waking hour I was trading / reading / looking up on coins I could invest in etc. I saw a growth I could not imagine, I had about 2000 in and saw it grow to 32-35k. Cashed out a bit, saw prices drop, invested again and so on. It was insane because I was doing 3-4000 trades and sending so much money around all the time, I had the time of my life. + +&#x200B; + +Naturally I had a cash out goal because this entire project was to fund our renovation of the house, which is about 50-60k. As, I think, any human being seeing my investment grow so much I dreamed much further. At 30-32k I decided I HAD to cash out because this was not substainable, it went up way too fast for my liking and almost everything did in my portfolio. Our life was pretty good, without cashing out crypto we were able to live pretty good. We could go out for dinner atleast twice a month, spend money on things we liked and still have leftovers. + +&#x200B; + +I decided to cash out on January the 14th of 2018. I couldn't at the time, though. I had been working and was chilling with my boss and some other people in a bar (I work in a restaurant, so happens fairly often). Tomorrow I would go and cash out, take my money and see how it'll go. + +&#x200B; + +On monday January the 15th we had to get our scan at the hospital to see how the kids were doing, had to go there every 2 weeks. We'd finally learn about the gender! Went there in the morning. The nurse seemed troubled, went to find another nurse to check again. The legs were too short of both of our children and there were some other things I can't even remember, we had to go to a specialized hospital to further investigate. Sadly we had to wait until Friday the 19th... One thing was sure though, something was horribly wrong. + +&#x200B; + +Of course we were completely crushed, I felt like our entire world just collapsed. Luckily we have family that instantly came to us to talk about it. I saw my wife go from the happiest person on earth to being deeply depressed. We held on to the thought hospitals can make mistakes, everything will be fine.. + +&#x200B; + +Friday the 19th came and they took 20 minutes listing the faults of the kids.. Except she said 'now I have to check the other kid..'. That took 10 minutes and I told the nurse to stop. Both kids had a skeleton abnormality (I hope google translate did that properly), some organs weren't on the right place, arms/legs were too short, most feet/hands did not have 5 fingers (some had 7 or 3). + +&#x200B; + +They had no chance of survival, January 31 they were born dead. We had them cremated a few weeks later. + +&#x200B; + +Damage had been done.. Our world was messed up, it was one huge haze and I honestly wish I'd wake up from this nightmare. I completely forgot about my coins, on January the 15th my portfolio started dropping too I found out later.. And rapidly. I think I checked it around january 25th. Not all was lost, though. I was able to take a month off work and continued some work in the house (I just had to do something), paid by crypto. Throughout the next few months I was able to pay out a few K's here and there, I think I paid out about 600% of my investment but I still lost like 22k of that portfolio growth. + +&#x200B; + +I was extremely strong for my wife for the next months, when she crawled out of her depressiong around may 2018 I started feeling bad. Halfway in june I was at work and completely lost what I was doing, already had some anger issues (suddenly exploding towards people). Then I got a panic attack and this was it. I went home and went to a doc, it was a burnout. The 6 months after this have been hell, I went through extreme depression. I couldn't get groceries, couldn't handle full rooms of people, had trouble getting even out of bed because I was extremely tired and anger issues (I destroyed 2 of my PC desks, punched a hole in the wall and stuff like that. Nothing towards my wife thank god). + +&#x200B; + +After that came thoughts of that I should commit suicide, because I had no life. Thankfully I could never do this to my family and I wouldn't even dare to make that final step. But the thoughts were there. Even though it has been my job now for 15 years, I couldn't even cook anymore. Gaming has always been my number one hobby, that brought no joy. I isolated myself, but thank god I have family that forced me to open the door or go to them. + +&#x200B; + +Next to that came the expenses which have been on-going since February last year. We got hit by some big bills, when I got sick in january that took a pretty big hit in my salary. I now have a little over 700 of crypto, absolutely no money in the bank (minus, even). Can't buy anything I enjoy because we're still struggling from the disaster that was 2018. I still need 50k at least for the house, but maybe one day.. + +&#x200B; + +Fast forward to december, this was my turning point I think. Went to a therapist and found out work stress was also a major issue. I've been getting progressively better since the first week of december. I quit my job in that week. I'm talking major steps in the right direction and I'm feeling better almost every day. + +&#x200B; + +Tomorrow the 14th of january will be my first day at my new job and I couldn't be more excited. + +&#x200B; + +The point of my post is that I see so many people stress/worry about their coins/investment. I even see people fight to defend the coins they believe is the best and protecting them to no end. + +&#x200B; + +While money is a handy thing to have, I am absolutely fine with where I am. We're struggling as I mentioned above, but just feeling better is worth more than a million dollars. I learned the value of other things than money. I was able to take a month off work to be here for my wife, without crypto none of that was possible. While the crypto money had a completely different destination, I could not be happier on what I have spend whatever I cashed out on. + +&#x200B; + +Remember that your portfolio could raise insanely fast in the future (or drop...), but stay sane. There are far more important things in life, don't invest more than you can afford to lose and you should be ok. Don't lose sleep over your coins, don't be stressed. It can all be fun and glory until you get smashed from a completely different direction like I told you above. + +&#x200B; + +For those who made it this far, thank you for reading. This was a tough post for me, I had to get it off my chest.. + +&#x200B; + +Edit: Wow I’m overwhelmed by the amount of posts/PMs! I read them all but it’s impossible to respond to everyone. + +It might be unclear, I got a few hostile PMs about this which I won’t even bother to respond to; I pulled out about 250-300% profit on my crypto investment so this isn’t quite the tragic investment story you make it seem to be. In fact, I’d be far worse off if I didn’t make the investment at all ! +Wondering how people calculate their emergency funds? Do you not count on the unemployment income or you do? So let’s say your monthly spending is $4000. If you want to have a 6 month emergency fund saved up do you have ($4000 minus $1600) X 6 saved up or do you have the whole $4000 X 6 saved up? +Hello fellow redditors, as per the title above I just turned 18 and I am looking to start investing some of my savings. First I will give you guys a run down of my financials. + +\- 24k saved in the Bank + +\- No debts, No expense yet (Will be buying a car in the fall for university) + +\- Living at home and will be for the next 4 years while in school + +\- Work 30-40 hours a week earning stable monthly income + +My first plan is to open up my own student bank account as well as a TFSA and RRSP with Scotiabank. I also would like to start trading on the side and try to make a bit of money. However I am not sure whether to use Wealthsimple or iTrade with Scotiabank. I know wealthsimple does not charge comission and stuff but is limited to what stocks you can trade and also charges a 1.5% rate for USD/CAD conversion. Other than that I am open to any other investing and financial recommendations! + +Please feel free to DM me as well if you have specific advice + +I appreciate all of you :) +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! +I'm looking to buy my very first house with my girlfriend and I really don't want to have to pay a realtor thousands of dollars just to find me a house. I can easily look on the Internet for houses by myself. + +From what I have heard, I can just get a real estate attorney to guide me through the process of getting the contracts signed and all the legal matters taken care of. + +My dilemma is that I don't know what the house buying process entails. I don't want to get screwed over from being inexperienced. + +I'm buying in Maryland if it makes any difference. + +Help please! + +EDIT: Wow this received a lot of attention. + +Thank you guys for the suggestions. I would say that at this point I'm probably going to end up using a realtor/real estate agent which TIL are two different things. With this being my first home and my lack of experience I think I may let a pro guide me through the process. Maybe my next house I'll try to go without one. + +My intent in doing this was to knock the price down some based off of what my agent would have gotten but it seems that this might be easier said than done. + +I would like to say however, that those of you that are saying "the seller pays for your agent's commission" are wrong from my understanding. While I'm no expert on this topic clearly, it is common sense that if the commission is "paid" by the seller, it is already priced in to the amount I'm seeing advertised. I just wanted to cut out another person getting a chunk of that money. But I can see how a realtor selling a house may not want to sell to me knowing that I don't want them to keep all of that negotiated for commission. + +But thanks again for all the advice. It forced me into researching more about the process and I have learned a ton. + +EDIT2: Just an FYI to anyone who is interested in saving money on realtor costs as much as I am, a bunch of people have mentioned redfin.com as a potential resource for saving money when buying/selling. I have been looking at the website and it seems like a great starting point. +A lot can happen over the cycle of a traders learning experience. One of the most damaging ive experienced is the blaming myself when I get it wrong. Im an engineer working to become a full time trader. Im studying everything I can and starting to see some progress. It can seem im horrible at everything when im trading in a draw down. +"I suck at sports" "Im terrible at my job" "No one will ever care" "I will never matter". + +My wife even asked me the other day, "why do you do that to yourself?" The answer dear is that hope to be good at something and it's fun to feel yourself getting better. + +Trade the trade, not your issues. + +Those things we tell are self are very dangerous lies too harshly. In time we will make it if we put in the effort to get better. + +You can be the guy getting it right eventually. + +Also CRSP to infinity and beyond! +3 weeks after birth, my daughter suffered heart failure. She's stable now and developing normally otherwise. Her heart will never be fully functional and may not live to go to college. As long as we're insured, medical expenses shouldn't exceed our out of pocket max (~10k) each year. + +We're keeping an emergency fund (~30k; in addition to out of pocket max) for her in case of unexpected medical expenses. Beyond that, how should we plan/invest for her future? I'm thinking 529 plans don't make sense for her... + +All input is welcome. Thanks! + + +**Edit** Thank you all for the kind thoughts and insights. They were very helpful. +I'm 22 years old, and lately have been incredibly interested in personal finance. Within the next few years I'd like to start a stock portfolio, and investing wisely so I can (hopefully) have a financially secure future and more. What is some helpful advice for someone new getting started in this? What's a good starting point? +Read full article: [https://www.barrons.com/articles/meta-facebook-mark-zuckerberg-sued-cambridge-analytica-51653322179?siteid=yhoof2](https://www.barrons.com/articles/meta-facebook-mark-zuckerberg-sued-cambridge-analytica-51653322179?siteid=yhoof2) + +Washington D.C. Attorney General is suing FB's Mark Zuckerberg over Cambridge Analytica scandal. Do you think this lawsuit might have adverse effects on Meta FB which has lost 46% so far this year? +**Earnings –** Loss of $0.91 per share expected +**Revenue –** $341.3 million expected + +One of the most famous meme stocks, AMC Entertainment Holdings (AMC) has been grabbing the headlines since the Covid-19 pandemic. The American movie theatre chain will announce its second-quarter results on August 9, after the market close.  + +A darling among the speculative retail traders, AMC is considered a meme stock primarily because its popularity drives its price on web forums (WallStreetBets, Reddit, Twitter) than by business fundamentals. Analysts and trading punks hence are having a hard time anticipating the share price movement as it can fluctuate wildly, regardless of its financial performance. + +In the last two years, AMC has acquired Carmike Cinemas, Odeon Cinemas and Nordic Cinema. As of March 2021, it operated approximately 1000 theatres and **10,700** screens in the United States and internationally. + + +[https://risingcandle.com/marketnews/amc-entertainment-q2-earnings-what-to-expect/](https://risingcandle.com/marketnews/amc-entertainment-q2-earnings-what-to-expect/) +I’m not really sure how to phrase this, wrong isn’t the right word. I was whinging the other day to an older, well off relative about high interest credit card debt I have which I have been attempting to pay off but with very limited success. I got a card years ago, bought some stupid things and paid bills with it during periods of patchy employment and time when my then employer wasn’t paying me ok time. + +The relative has offered to lend me money to pay off the debt and I’d then pay him back without interest. I’m obviously tempted because the debt is one thing I really struggle to get on top of and it isn’t helping my credit score as I managing the fees and interest and not much else. + +I don’t know though, I got myself into this mess and I feel I should get myself out even though I am obviously not really succeeding. But is that just stupidity? + +Tldr: Is accepting a loan from family to squash high interest credit card debt weak? Or am I just being proud and stupid if I turn the offer down? +The total cost is going to be around 300,000 + +Currently, I have 300,000 in stocks and 100,000 in cash and renting. Is it possible to invest in the franchise without selling the stocks? +I hope 2023 be good for everyone! It will be interesting year for sure.. what are your resolutions for the coming year? +Also please share if anyone was successful with any smart financial resolutions in 2022? :) +Hello all! I am currently 17 years old and a senior in high school. I turn 18 next week if that is of any importance. I have no health insurance and I was denied federal financial aid for college because my father (only living parent) has not filed taxes for several years and is also unemployed. I work at a food chain and make $11 an hour with a *mostly* reliable vehicle. My father lives with me and I pay the rent at $650 a month. (Though his name is on the lease) He's not disabled or anything, he just does not do any over the table work. As I approach graduation I have began looking at colleges, though being denied federal financial aid has made the idea fairly daunting. Loans are there of course however I would like to avoid them if possible. I have spoken with the financial aid advisors for a couple schools and the informed me that while my situation is not very fruitful, I would not qualify for a dependency override as my father is still alive. So I am stuck as a dependent who cannot receive any federal help until I turn 24 to my knowledge. I am close to a promotion to make $13 an hour, but my situation otherwise will remain unchanged the next year. + +My current mandatory monthly expenses are: + *Rent - $650 + *Car Insurance - $115 + *Food - $200 + *Gas - 140 + + +In the coming months I would like to acquire health insurance and possibly enroll in a community college (Roughly $3000 a semester) but am at a loss - I can't find room in my budget for both (Or either for that matter.) What are my options? + +***Note, I live in a state that did not expand the medicaid bracket so I make too much money to qualify for medicaid, but too little to receive a reduced premium through Obamacare. + +Edit: Thanks for all the help so far. Looking into taking light hours for my basics while working an extra job might be what I look into. Also I realized I phrased it poorly. I was not 'denied' by FAFSA, I was unable to complete any forms without tax information and finaid.org states 'Even if the guardian does not claim the child as a dependent and if the student displays complete financial independency, this is not sufficient grounds for a dependency override' which is essentially my case. Will also start looking into becoming emancipated. +It sets us off more than just about anything when we feel we’ve been singled out and treated unfairly. I feel I’ve been wronged in this process and at this point I’ll never surrender, never back down, and I know millions of people feel the same way. So it’s not just about holding for profit, it’s simultaneously about holding against injustice. No superficial behavioral manipulation can shake that deep seated intention. +Ok so I’m an idiot and have been sat wondering what all the fuss was about with the economic situation in the UK. However, I’ve paid some attention to things properly today and realised this situation could effect me, just not right now. + + +So, our mortgage is fixed until 2024 and energy fixed until April next year. We currently have around £800 to £1000 spare after all expenses, food and fuel each month (depending on my bonus). We’re comfortable but never manage to save, always need something for the kids, birthdays, Christmas or the house etc. + +We currently pay about £120 a month on energy but I’m now realising that could more than double when the fixed rate ends. I’m also thinking about what the mortgage will look like when the fixed rate ends in 2024. We bought the house with help to buy, I’d always intended on clearing the help to buy loan by remortgaging in 2024 but that could be problematic if the rates are high at the time. + +In the short term we can afford a hike in energy but Im worried if the rates are high come the re mortgage we could end up very close to the bone indeed. + +In a bit of a panic since looking into it all and not really sure what, if anything I can do. It could end up being a total non issue but on the other hand it could end up being a disaster. I naively thought with 1k spare a month we didn’t really need to worry but looking ahead that 1k could quickly disappear if the mortgage and energy is sky high when my fixed rates end. + +Are the bank interest rates likely to remain high in 2024? I don’t know if thats possible to answer. Should I be panicking? Should I be making drastic cut backs from now and saving as much cash as possible? Honestly I’ve got no idea what to make of it all. +My parents (61M and 61F) are both unemployed. Recently, my mom is hit with a severe debilitating issues that needs assistance 24/7. My dad decided to quit his job and take care of her full time. They have a very small nest egg bit their medical bills and other expenses are adding up. + +They meant well, did honest hard work, yet they aren't fiscally savvy, mentally agile, and basically good in life in general. This of course, lead to me shouldering most of the work at a very young age. + +I have obtain medicaid for them, set up treatment plan, and took care of all insurance related matters. + +Adding to that, a year ago, their house burned down completely because my dad mis-wired a recessed light and caused an electrical fire. I then have to make arrangements for insurance, builder, and took care other legal stuff. + +Honestly, I am TIRED. Realistically, my aging parents situation is going to compound and they are quickly relying on me more and more. + +This past year with the house fire and mom's illness had taken a toll on my work as well. I had taken a 4 months of work off, spent thousands of dollars on transportation (flights/hotels/co-pays). Mentally, I am drained too because my mom keeps asking me "when am I going to get better to 100%?" And truthfully, it's never and she starts throwing a fit like a kid. + +I am only 28 years old and I am just starting my career. I am relatively fiscally responsible (no student loans, PhD in engineering, 401k, Roth IRA, high interest saving account etc). However, my savings for a house just got drained in the past year. I can't help but feel jealous of my friends talking about weddings (that I can never afford), moving to a new city (that I cannot experience due to caring for parents), and partying (that I don't have time for). + +Sorry, this turned into a rant. PFers, how do you prepare for your aging parents' retirement? + + +It's also a cautionary tale for people with children: if you do not save enough for retirement, you become a liability that can hinder the next generation. If you love someone, take care of yourself first. + + +NinjaEdit: wow! I didn't know this would blow up. Thank you so much for all your amazing support and constructive criticisms! To give more info, my parents did offer to take a loan against their 401k but I refused. At 18, I got 2 PT jobs and later a well paying 1.5 yr engineering internships to pay for tuition and living expenses. A bunch of scholarships/grants covered the rest. As for PhD, I got a awesome opportunity to get hired as FT industry researcher with tuition reimbursement. Also, I am a girl so.... clock is ticking 🙄 +I called my gym to cancel my membership. The manager stated I could not cancel until May because it was a 1 year contract. I'm staring at my contract and it was for 6 months (started in March) and then month to month after that. She tells me to bring it in and show her. + +So I sit across from her and she says "oh no problem just sign this termination contract and in 30 days you will be cancelled." I stare at my paper contract some more and nowhere do I see anything about 30 days notice for cancelling my membership. This would cause me to pay for another month I'm not going to use. I ask her to show me where I agreed to a 30 day notice. She reads the entire contract and can't find it. She tells me to call the regional office manager because they make up the contracts, I decline the offer and tell her to call the regional manager on my behalf. Regional manager says "oh yes, we are in the process of rewriting the contracts, the cancellation policy isn't clear in the initial contract." I tell them both that they will honor the contract I have signed and I will not be paying for another month or signing anymore paperwork. If I had not kept that original paper contract, I would be on the hook for roughly $200. Everything about the terms of my agreement in their computer system was incorrect. + +TL;DR: Keep everything you sign. +My 19 yo daughter is in community college. Has no debt and living with me for now. +I want her to get started early and saving for retirement or invest in the stock market long term. She is working part time but I would like her to at least invest $50 or $100 per month. Her job does not offer any 401k and is a temporary job. + +What are the best options? Roth IRA? or DCA with fractional shares? +She has some savings for emergency for her own. +There is nothing more powerful than Moat investing. What is one Indian Company which you feel has a great moat and why ? + +My answer is in the comments. +My employer offers corporate nps and I'm trying to understand it better on the taxation benefits. I went through a couple of cleartax and other articles but can't get a good understanding under which income tax sections tax deductions can be made ? + +*Investment up to 10% of Salary (Basic + Dearness Allowance) is deductible from taxable income u/s 80CCD (1) of Income Tax Act, 1961 subject to 1.5 lakhs limit of section 80C* + +So, does this mean investment under corporate NPS also comes under 80C limit of 1.5lacs along with ELSS and PF etc. ? + +Can anyone here point me to some good articles on it ? + +I'm *not* looking for your suggestion on if I must invest in NPS, I have decided to invest in NPS +I was talking to one of my colleagues who is very much interested to get into Equity and wants to start into individual stock SIP. + +I explained him the concept of mutual funds etc... But he just want to kind of SIP into individual stocks which he believes may give better returns compared to MFs. + +I'm still not sure if he can beat experienced MF managers in fund selections but anyway posting his question on his behalf here. + +Could you guys help me list down safest bets in Indian market today.. +Stocks which can give consistent returns over long term and which you believe will survive recession or some other black swan event. +More like AAPL, GOOG, Nestle of indian market... + +HDFC, TCS, Asian paints comes to my mind. + +Moneylife/Debashish Basu has presentation on this similar topic where they seem to suggest to buy safest individual stocks and he is against buying through MFs. +Link: +https://youtu.be/8kpsDWe5pXM +I know there's a general dislike for them on the sub and they're usually not recommended for insurance purposes, but what are the reasons against using them purely for investment and tax cuts? +**\*Obligatory,** none of this information is financial advice and is the result of my studies. All investors must do their own due diligence, come to their own conclusions, and make their own financial decisions. + +**TL;DR** Broker Dealers (primarily believed to be the big banks) are estimated to have borrowed at least **5.72M shares of GME** from mutual funds and ETFs. The funds are exposed to potentially catastrophic securities lending counterparty loses. The brokers are also exposed to risks in multiple areas. They are; relending the shares, they own shares in the funds that are originally lending the GME shares, and their own company's shares are within some of the funds' holdings. (Insert WTF face) I'll explain more. + +It's a long post and I believe it is 100% worth the read. + +# Background Information + +I'm rewording a previous post and adding another fund onto it... Going to try and make it easier to understand. + +**Broker dealers are exposed to potentially high $ securities lending counterparty risks from GME and we can see it.** Mutual funds and ETFs (funds) have lent GME shares to broker dealers who in turn lent it out to be shorted. The lending of this security makes the fund and the broker dealer a "counterparty", hence "securities lending counterparty". + +[AIG](https://insight.kellogg.northwestern.edu/article/what-went-wrong-at-aig) suffered roughly $21B in losses from this same business practice in 2008. They would borrow securities from a broker dealer (Citadel & others) and lend them to hedge funds, who would short sell the stock. AIG's counterparties (the brokers) were bailed out [$43.7B](http://graphics8.nytimes.com/packages/images/nytint/docs/aig-bailout-disclosed-counterparties/original.pdf) in 2008. + +Thinking of that example, funds are currently lending GME shares to broker dealers who are ***relending*** the security to a hedge fund to be short sold. + +The [mutual funds,](https://mutualfunds.com/education/mutual-funds-and-security-lending/) and [ETFs](https://www.etf.com/etf-education-center/etf-basics/understanding-securities-lending?nopaging=1#:~:text=ETF.com%20Securities%20lending%20is%20a%20fairly%20simple%20process,typically%20hold%20thousands%20of%20shares%20of%20various%20stocks) currently loaning GME, and the *investors* of those funds, have a similar exposure to securities lending counterparty risks as the broker dealers did who were involved in AIG's scheme. + +The broker dealers currently borrowing and lending GME have a [similar exposure](https://deloitte.wsj.com/articles/securities-lending-a-focus-on-two-risk-areas-1495080131) to what AIG's exposure was in 2008, which was famously catastrophic from AIG... I wonder how it will go for the current GME lenders? + +What's more, the *investors* of the funds are the very brokers who are borrowing shares from the funds. **They own shares of the ETFs** loaning the GME shares. So, they're exposed as lenders of the securities and as investors in the funds. + +And MOAR, some **funds also hold a lot of the brokers OWN shares** (ex. VTI holds 83M shares of JPM - worth $13B)... So, the broker is now exposed to counterparty risk 3 ways... + +1. They are borrowing and relending the security, +2. They own shares in the fund which exposes them as *investors* in the fund, AND +3. Many of these funds contain shares of the broker. If the fund needs to liquidate any of these holdings due to their own counterparty loses, the share values will lose money as they're being sold off. + +Here are the main stats from the first [post](https://www.reddit.com/r/Superstonk/comments/tpm5si/nport_gme_deep_dive_so_much_gme_lending_total/?utm_source=share&utm_medium=web2x&context=3) I made which showed how much GME was being lent: + +* 138 of 213 funds were loaning GME shares +* 70 funds lent out more than 90% of their GME shares +* An estimated 5.72M of total 11.98M GME shares were on loan (this is just loaned securities and does not account for rehypothecated shares or other avenues of securities lending), and +* from the data filing, we were able to see the fund's securities borrowers and how many $ worth of securities they borrowed (this includes all securities, not just GME). We KNOW that someone(s) in the list of borrowers is borrowing GME. +* The primary borrowers of the one fund reviewed (a Fidelity Mutual Fund which had lent $61M worth of GME) were; Morgan Stanley **($911M)**, Goldman Sachs **($454M)**, Citi **($388M)**, BofA **($380M)**, JPMorgan **($321M)**, State Street **($239M)**, Barclays **($115M)**, BNP Paribas **($105M)**, UBS **($56M),** etc. + +That's a lot of $ on loan for just one fund... I'll leave some quotes regarding securities lending counterparty risks at the bottom of this post for additional clarity. + +# The Web + +**Example 1** of securities lending counterparty risk is the fund which is estimated to have lent out the most GME shares: + +**Vanguard Total Stock Market Index Fund (VTI)** filed on 3/1/22 for holdings on 12/31/21. + +Total GME Shares = 1,847,760 + +Total GME Shares on Loan ≈ 1,185,700 + +See the prior post for supporting information on how this was calculated. This fund has a lot of exposure when short sellers fail to return all of their shares during MOASS after the short sellers have been liquidated. + +The NPORT-P filing also gives us a list of the fund's securities borrowers along with the value of the securities on loan. This is for all securities, not just GME. Here are this fund's borrowers: + +[ Nearly $4B worth of securities on loan to these 24 borrowers ](https://preview.redd.it/k6szq7bh8mr81.png?width=898&format=png&auto=webp&s=4b9297179882f99aa810d7b6af644313dc026d7b) + +Take a close look at those names... These entities are borrowing the funds then lending them out hedge funds, best case scenario. We don't know for sure which entity is borrowing GME specifically, but someone(s) here is. + +I wonder who is investing in this fund if they have counterparty risk as well? As of their last filing, these guys: + +[Well, that's basically the same people plus Citadel](https://preview.redd.it/ujuo5802bmr81.png?width=1081&format=png&auto=webp&s=01f56e7ec24d1aa34b8d89a3c492d759054cbbda) + +Nearly $10B worth of this fund's shares are held by the same entities listed as the securities borrowers of the fund. + +So wait, the same entities who are borrowing securities from the fund, also own shares of the fund? They have counterparty exposure as fund ***investors*** as well as the ***lending agent***. $ bills are starting to add up a bit. + +https://preview.redd.it/zmars7uebmr81.png?width=500&format=png&auto=webp&s=833ac36c909597c47b31996e9fbae056bb191f9f + +The ***fund*** has exposure as well. When short sellers fail to return shares during MOASS, the fund may need to liquidate holdings to keep its head above water. Here are some of the funds holdings: + +[ $40B worth of these securities are held by the fund ](https://preview.redd.it/030l3z6jbmr81.png?width=1183&format=png&auto=webp&s=04302bf8612b671a1030d2763fab775337a520ce) + +https://preview.redd.it/3dfpqvqmbmr81.png?width=1410&format=png&auto=webp&s=c60580a6c8e78343c1248596edf6f1dcea665073 + +Okay, so when short sellers fail to return shares to the lending agent (the banks), and + +the banks fail to return the shares to the fund, and + +the banks own shares of the ETF, and + +the ETF owns shares of the banks... What happens? + +# 🕸️⏰☎️💥 + +[Vanguard Total Stock Market Index Fund NPORT-P Filing](https://www.sec.gov/Archives/edgar/data/0000036405/000175272422053911/0001752724-22-053911-index.html) + +[Whalewisdom: Vanguard Total Stock Market Index Fund](https://whalewisdom.com/stock/vti) + +# Example 2 + +Here is the fund estimated to have loaned out the 2nd most GME shares. **This fund's advisor is Blackrock:** + +**iShares Core S&P Mid-Cap ETF (IJH)** filed on 2/25/22 for holdings on 12/31/21. + +Total GME shares = 1,711,041 + +Total GME Shares on loan ≈ 820,172 + +Here are the securities borrowers of that fund: + +[ Just over $2B on loan from this fund... A lot of the same names ](https://preview.redd.it/6fx83vrybmr81.png?width=756&format=png&auto=webp&s=6dfe46631ed39f964a8819e95eacb3a2b7bf1b2d) + +Here's some of fund's shareholders: + +[ Holding $14B worth of the fund... ](https://preview.redd.it/wsi3htn3cmr81.png?width=1213&format=png&auto=webp&s=3991bc404496142a6766be775ef2fb768559d03e) + +[ Nearly $3B in assets in just these few holdings ](https://preview.redd.it/sw1non8ccmr81.png?width=1181&format=png&auto=webp&s=f264b9e9c04b5f34bee672009c292db7730a459b) + +$263M in cash? I like cash. + +Also, some Total Return Swaps of funds with HSBC and JPMorgan as counterparties. Here are the supporting links: + +[iShares Core S&P Mid-Cap ETF NPORT-P Filing](https://www.sec.gov/Archives/edgar/data/0001100663/000175272422046262/0001752724-22-046262-index.html) + +[Whalewisdom: iShares S&P Mid-Cap ETF](https://whalewisdom.com/stock/ijh) + +[Gamestop NPORT-P Search](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&startdt=2022-01-01&enddt=2022-03-31) (for list of all funds holding GME shares) + +# Example 3 + +The fund estimated to have loaned the 8th most GME shares (205,000): + +**Vanguard Value Index Fund (VTV)** filed on 3/1/22 for holdings on 12/31/21. + +&#x200B; + +[GME accounts for $30M of all securities on loan by this fund \(27&#37;\)](https://preview.redd.it/zkj5k5bsnmr81.png?width=754&format=png&auto=webp&s=ab3b0ff4e47e6b18207ad5ce110a21c7319a3dc4) + +Shareholders of the fund: + +[Holding $14B worth of the fund shares](https://preview.redd.it/tegho0j9omr81.png?width=1127&format=png&auto=webp&s=baf494ad61028e2d5d09132801d50184115c8f3a) + +Just to name a few other shareholders: BNYM, Blackrock, BNP Paribas + +Holdings of the fund: + +[Nearly $7B in these companies shares](https://preview.redd.it/njekba8pomr81.png?width=1182&format=png&auto=webp&s=8c47b7a0c4feedc9cd7ee3fa1e300bdd497375b6) + +Other holdings of this fund include: BNYM, Blackrock Inc, Blackstone, CBRE Group, Cboe Global Markets, CME Group Inc, Charles Schwab Corp, Fidelity National Financial Inc... Just to name a few. + +Many other funds loaning GME shares have similar looking securities borrowers, shareholders, and fund holdings compared to the three funds we've just reviewed. That's a lot of securities lending counterparty risk when you considered the amount of funds loaning GME shares (over 5.72M shares by 138 funds). + +Remember, this is just lending from mutual funds and ETFs and does not include other avenues for lending GME shares. + +# Computershare + +[DRS is the way](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=BD&utm_medium=Search&utm_name=Bing&utm_content=PSR1) I am protecting my shares in the event my broker defaults and is liquidated [(741)](https://usbankruptcycode.org/chapter-7-liquidation/subchapter-iii-stockbroker-liquidation/section-741-definitions-for-this-subchapter/) from short selling OR securities lending counterparty losses. + +I'm not telling you that your broker will default. I'm also not telling you to DRS your shares. I'm simply saying that **I feel safest knowing most of my shares are on GME's books at Computershare** because when marge calls and the short sellers are liquidated, that exposure is going to be passed elsewhere, including to the funds and other entities involved in the securities lending listed above, and the other avenues we've done our DD on. + +*Buckle Up* + +Tanks fo reedin + +**Note:** I have not extensively reviewed all funds and fund holdings, but GME appears to be one of the most loaned securities held by these funds, if not the most loaned, BUT there is a SUBSTANTIAL amount of securities lending currently happening with these funds so I can't be certain where GME falls. + +**Note 2:** I'll leave the post with these quotes that I used in my original post regarding counterparty risk: + +**The Counterparty Risk** + +[Deloitte - Securities Lending](https://www2.deloitte.com/us/en/pages/financial-services/articles/addressing-securities-lending-risks-with-blockchain.html) + +***A typical securities lending transaction involves multiple entities: borrower, lender, lending agent, prime broker, and clearinghouse.*** *Lenders typically include various investment firms, as noted above, whereas, broker-dealers and hedge funds make up the bulk of the borrower group. Lending agents, on the other hand, are broker-dealers, custodial banks, and some large asset management firms as well.* + +***In almost every securities lending transaction, lenders are exposed to multiple risks***, such as counterparty default risk, collateral reinvestment risk, market risk, liquidity risk, operational risk, and legal risk. In particular, counterparty default risk and collateral reinvestment risk seem to have captured the most attention from regulators. + +[SEC - Securities Lending by U.S. Open-End and Closed-End Investment Companies](https://www.sec.gov/divisions/investment/securities-lending-open-closed-end-investment-companies.htm) + +*Lending agents* ***often*** **(not always)** *indemnify* (protect) *funds against the risk that the borrower will fail to return the borrowed securities (to the extent that the value of the collateral is insufficient to replace the unreturned securities).* ***Lending agents, however, typically do not indemnify funds for losses incurred in connection with cash collateral reinvestment.*** + +[mutualfunds.com - Securities Lending](https://mutualfunds.com/education/mutual-funds-and-security-lending/) + +***When a fund lends the stocks,*** *these assets are not actually part of the fund, the put-up collateral is.* ***Typically, U.S. Treasuries or cash is used.*** *However, in recent years everything from mortgage backed securities and derivatives to letters of credit and other exotic I.O.U.’s have become commonplace. These sorts of instruments fluctuate in price and must be marked-to-market daily. That can actually affect the net asset value of the mutual fund if they swing rapidly. An additional risk is if the mutual fund invests that money in something less than desirable to juice returns.* + +*Secondly, if the collateral drops in value by too much, the investor borrowing the shares may be forced to add additional collateral or cover the short early. If they can’t,* ***the mutual fund and its investors are on the hook for the damage.*** + +The same thought process for [ETFs](https://www.etf.com/etf-education-center/etf-basics/understanding-securities-lending?nopaging=1#:~:text=ETF.com%20Securities%20lending%20is%20a%20fairly%20simple%20process,typically%20hold%20thousands%20of%20shares%20of%20various%20stocks). + +# ✌ + +Edit 1: Grammatical changes +My wife and I both have good paying jobs that are secure. + +Our credit is good. + +Our disposable income is good. + +We also have some equity in our house. + +We also have access to and cam get even higher personal lines of credit with low interest rates. + +So heres my question. + +If the dow hits 14000 (or half of its highs) why not borrow and get as much money as we can and put it into index funds? + +I figure i could easily get 80k to 100k in both loans and house equity. I could also easily afford the minimum payments on those loans. + +Why would i not do this? + +Also if I did i would want access to this money so wouldnt have it in a registered tax account. So where would I put it and what would the tax ramifications be? +I come across a lot of posts discussing buying dividend stocks before the ex-dividend date to try and capture the yield and then sell the stock. The general consensus is that this likely will not work. + +However, one thing that \*IS\* likely to happen - is that the stock price will drop after the dividend date (thus making the above strategy useless). I'm assuming then, and correct me if I'm wrong, that the stock price will eventually recover. + +1. Is this "recovery" then due to natural stock \*growth\* or is the recovery some sort of market mechanism specific to dividend stocks where naturally money flows back into the stock after the post-dividend drop? (I'm aware this could be a distinction without a difference) +2. If recovery for many stocks is inevitable then I'm surprised I haven't seen much discussion about investment strategies where you purchase the stock after the post-dividend drop? What am I missing? + +ANSWERED: The assumption that the stock price will drop after the dividend date or that the stock price will recover is incorrect. Thanks to those who answered. + +Edit: Glad to see reddit is as toxic as ever for asking a question - please get some sunshine. I find it astonishing because if you asked a question like this in real life you'd just get a normal answer from a normal person. + +No doubt the ones making sarky comments are the ones to have little experience in real life social interaction. +&#x200B; + +[https://www.msn.com/en-us/news/politics/treasury-secretary-yellen-says-debt-ceiling-should-be-permanently-abolished/ar-AAOZQCE?li=BBnb7Kz](https://www.msn.com/en-us/news/politics/treasury-secretary-yellen-says-debt-ceiling-should-be-permanently-abolished/ar-AAOZQCE?li=BBnb7Kz) + +&#x200B; + +**This statement from Janet "fairy godmother" yellen proves that she is for the naked short selling of the hedge funds.** + +First, the American government took the dollar off the gold standard so they can print unlimited amount of money. + +Next, they want to abolish the debt ceiling so they can borrow to infinity. The debt ceiling at least let us know what they are doing, however removing the ceiling will hide all their trickery! + +Same with Hedge Funds and Market Makers, naked short selling allows them to create unlimited shares and trickery. + +**Do not trust the "EVIL" FAIRY GODMOTHER YELLON! If she is for a Naked debt ceiling, she is for Naked short selling!!** +I'm signing a new lease with RayWhite. + +Every method of paying rent incurs a fee. + +Credit card - 2.2% + +Bank account transfer - $1.65 per payment + +Bpay - $3 + +"Over the counter" - $4 per payment + +The fairtrading page says: + +"The landlord or agent must provide you with a least one way to pay the rent that is reasonably available and where you will not receive any additional charges (this does not include bank fees for managing your own bank account)" + +I was going to use bank account transfer. Does this mean that the $1.65 payment is not allowed? Because the $1.65 feels like an additional charge that is unnecessary. Or is my reading of this wrong? + +Edit: + +Looks like fair trading has an exact letter setup for this type of problem. + +["Landlord/agent does not allow tenant a cost-free means of paying rent"](https://files.tenants.org.au/sample-letters/s35%282%29.rtf) + +Extra info requested in comments: + +* State? NSW +Hi guys. I’m a 26M electrician and earn anywhere from 120k-180k a year. Only problem is I work away from home and have been working 60-80 hours a week for almost 9 years straight. I’ve done well for myself financially but I also don’t care for my job at all. I think I would love to go into banking or finance but have no idea what the day to day of someone’s job would be in that field. Just asking if anyone who works in that field could give me an idea on what your job is and what qualifications you need to get started? Also what kind of pay is to be expected and is there a low ceiling on salary expectations? +Fred Meyer has twin bed sized memory foam pads for $20 right now, and it’s double the size of any dog bed I’ve ever bought. Our dog has 3 legs and needs extra comfort, and we cant afford those $130 memory foam beds, so I bought this $20 pad and it works way better than the name brand stuff. She loves it and wouldn’t leave it for a few hours. + +It was so big you could either make 2 beds for $20, or fold it over and make a super comfy dog bed (that’s what we did). Our 2 dogs can share the one, folded bed. + + +Either way it’s like $50-100 cheaper to just buy the foam from Freddie’s or Walmart than to pay a large price for the foam just covered with some fabric. +Looking into buying a mixed use building with a storefront and 2 apartments above. The building is dirt cheap and the apartments are going to be what makes money. But I’m trying to think of something to do with the empty storefront. This is a rundown rural area and i don’t see this town ever really booming again. So I wouldn’t be able to find a long term tenant for it. + +Any suggestions? Thinking maybe about just turning it into a 3rd apartment. Maybe a small laundromat. Not sure. +Hello, + +&#x200B; + +In the past I've used zillow. Beginning to wonder if that is the best resource? What do you guys use to find your deals? + +&#x200B; + +Thanks! +I’m an agent on the side, but have never done anything more than a duplex. I’m planning on getting a triplex for myself with an FHA loan, and 4 loan officers have described the self sufficiency test in two different ways. + +The rule is that for a triplex or a quad, 75% of the properties rental income needs to cover PITI. Seems simple enough, but I can’t get a straight answer on one thing: does the occupied unit’s market rent count? + +Two say no, and two say yes. I know it’s a no when it comes to DTI, they only consider the rented units, but I can’t imagine it’s the same for self sufficiency? 75% of 2 units needs to cover the PITI for all 3? + +So, say for example I’m buying a triplex. 3 units, market rent is $1000 each. I’m occupying one, so pro forma income is $3000 (3 units) but actual income is $2000 (2 rented units). If the PITI is, say, $2,100, will it or will it not pass the self sufficency test? + +Two say yes it will. Because all 3 units have a market rate of $3,000 total, 75% or that is $2,250. Two say no it won’t, because you can’t count the occupied unit, so it won’t pass if PITI is more than 75% of the $2,000 total. + +Google hasn’t been any clearer, and at this point, I’m one more “I’m pretty sure it’s X but I’ll check again” away from calling Marcia Fudge’s office and demanding an appointment my damn self +Really hard to find deals these days as we all know. Curious if everyone is just sitting on cash right now, buying out-of-state properties, or are still able to find good deals in where you live in CA (bay area, LA, etc.) +For the sake of consistency i'd like to find an ideal paint i could for my multi family properties, these are C/B properties so i'd like to see what shades everyone uses. Some points i'd like to have below. + +Neutral color something white-ish but not the bland white. (there are 100's of whites) + +Eggshell seems to be the best finish as it hides any imperfections + +Something that can be painted both the walls and ceilings, this cuts down immensely on ceiling trim time and expense. + +Brand recommendations? I was always a fan a Glidden Diamond, but since PPG bought them their comparable paint isn't that great. I've been looking into Sherwin Williams lines. + +Something that can cover well in one coat, (i realize no paint does this if you'r going over something dark of course) + +Cost- trying to keep it between $90-$140 for 5 gallons. + +&#x200B; + +Let me know your thoughts inputs and color recommendations! +My son is 17 and started his first job as a courtesy clerk in a grocery store in August. He makes $13 an hour, 25 hours a week, and he blows all his money on Uber and eating out and streaming games. + +I want him to establish good money habits. For whatever reason it took me 15 years of adult life to establish good money habits and I don't want that for him. + +Unfortunately, he's almost grown and so I'm starting with teaching him late. Any tips before he goes down a bad path? Or did I start too late with habits? + + I grew up very poor so I never wanted him to stress over money like I did. Sadly, I think I went too far in the opposite direction. +You know Broccoli won't hurt you. On the contrary, it would be very very healthy to eat broccoli more often. + +Instead, you keep reaching for one of the thousands of sweets that seem so delicious. They have such interesting names and the packaging says all sorts of great things. When you're out shopping, you just can't avoid putting them in your cart. + +The sweets can satisfy your cravings much better than the boring broccoli. You know that could hurt you. Obesity or diabetes but you need that quick dopamine rush. + +So guys, stay healthy and brush your teeth properly. Tooth decay is no joke. + +Cheers +The Bank of Israel is trying out Ethereum’s technology in a recently launched internal digital shekel trial, a spokesman said. + +In May, the central bank issued a report concluding that the digital payment system could have a positive impact on the economy by simplifying payment processes while providing security to both parties in a transaction. + +The bank has also put out a call for smart application ideas that could run on the digital infrastructure. + +Monetary authorities from Sweden to China are working on their own digital currencies as the dwindling use of notes and coins threatens to upend traditional payment methods. The emergence of cryptocurrencies such as Bitcoin has added to pressure on central banks to ensure they have a viable alternative before unregulated payment forms take over. + +Ethereum was the first blockchain to host fully functioning computer programs known as smart contracts that allow users to create new cryptocurrencies. + +&#x200B; + +Source: [https://www.bloomberg.com/news/articles/2021-06-23/bank-of-israel-to-use-ethereum-tech-for-digital-shekel-globes](https://www.bloomberg.com/news/articles/2021-06-23/bank-of-israel-to-use-ethereum-tech-for-digital-shekel-globes) +So, I am learning how to trade options while using the Fidelity ATP platform. Today, right before the close of business, my intentions were to purchase 1 contract of SPY 458 call expiring on April 14th. Instead I bought 89 of these contracts! I realized something was terribly wrong when I was instantly down $1300 and falling. I was able to get an order in to sell 5 of the contracts for a profit of $800 (not sure why only 5 of the 89 contracts sold). + +So here I sit, A long way until market open wondering and waiting! + +The only reason I had 60k in cash in the account was because I just transferred a retirement account from ED Jones to Fidelity and it was transferred in cash. Any advice on how to escape this carnage unscathed is greatly appreciated! +As the title states. This is the first year I have purchased iBonds. $10k is far above the expected bond ratio for my current asset volume and my age (30). But it was 9% so I said fuck it. + +Now with 4% in 2yr TBills, I think ”hey, a risk-free return amidst a red wedding”… + +But at the same time, as we are testing June’s lows, I have to think that this is a major dip like I’ve never been able to invest in before (for not being liquid during COVID crash). And thus im torn. Risk free return, or buy the dip. + +I think my other logic pushing me to stay in DCA mode for equities is - “do I think that we will EVER get back to ATH?” If yes, then that’s a guaranteed 20%+ return at current price. + +On that same logic, the only justification I can see for someone not being in equities is they must think we will never get back. I am sure this is flawed, but it’s what has me torn. + +Not really a question in here. I suppose just curious what everyone’s take is now that we actually have a risk-free return that is getting to the point of serious consideration. +**TL;DR:** Looking for an intro-level guide to using AWS ECS2/Lambda or equivalent for a python script. My main concerns are (1) ensuring that I don't rack up a huge AWS bill and (2) understanding how to properly encrypt my brokerage account login details and keep those details safe. + +**Background:** I currently have an algotrading python script that I run once a day with a python wrapper for Interactive Brokers API. Every morning I log into IB TWS, then run the script. It's going well so far in terms of trading, but I want to set up something that is a bit more automated in terms of logging in and running the script at more frequent intervals (e.g. once an hour, or even continuously). The problem is, I have no idea how to set this up. + +**Main Questions:** + +1. How can I ensure that my login details are safely encrypted when using a service like AWS? Right now I am just manually logging in every day, but clearly that is pretty inefficient and annoying. However I'm wary of uploading my financial login details to any type of service that I'm not familiar with and I'm certainly not going to just copy/paste them into my script. +2. What is the workflow for setting up AWS or another equivalent? What is the easiest way to set this up so that my script runs repeatedly at an appropriate time interval? What about weekends/days that markets are closed? + +I recognize these are very beginner level questions, but I seriously have never worked with AWS before and am unsure where to start. Any advice is strongly appreciated! +**Disclaimer do your own due diligence to see if this company fits into your portfolio, let’s not pump and dump this IPO. Posting after market closes😌 + +Wanted to create this post for people to share their thoughts on the products and business model of The Very Good Butchers to see if I’m missing anything and so we can avoid confirmation bias. + +What I see is a very small business with the potential to become a key player in this industry that is currently lacking competition. From various food reviews it seems that the product itself is very good and there seems to be a demand for expansion (sourced from vegetarian subreddits). I like the subscription business model they have that seems perfect for expansion. Plus they have a good ticker symbol (A study in the Journal of Financial Markets found a positive correlation). Also apart of me may just want to see them succeed as I’m located within their area and would love to see a local business “make it”! + +There are also some issues I have. Of course one being the fact they just IPO’d and are a penny stock on top of that. The CSE is also known for lax criteria. + +Looking for people well-informed in this industry to comment on their viability, thanks in advance! +I know this question sounds dumb, but hear me out. + +I am mostly invested in VEQT and VGRO with a couple of speculative plays on the side. I also have about 6K in each of a number of dividend stocks -- AQN, TD, BNS, BCE, T, at&t, and MFC. This year my goal is to increase each of the dividend stock holdings to 10k principal invested and then just let those dividends drip for 25 years, investing most of my future capital in my ETFs once I reach those 10k balances. + +Since I am adding to a number of different stocks over the course of this year, I'm wondering how I should prioritize those purchases or if it matters. I don't know anything about reading financial reports but is there a calculation I should be doing in terms of knowing when it is a good time to buy something like a bank stock? I know this might not make a ton of difference in the long run, but it is something I would like to have a better handle on. + +Also should I consider adding a REIT? Thanks in advance for any help that can be provided. I am not a particularly savvy investor but really appreciate reading the threads here. +Thoughts? + +I have a position in all 5 that have taken a beating, purchased at peak. + +I'm hesitant to sell at a loss since I hold them in a TFSA. + +I'm hesitant to average down because I don't want to overweight my position in them. + +I'm hesitant to wait it out because of the opportunity cost should they take a long time to recover. + +I'm just hesitant, help? +I am female and have an interest in all things financial. +I noted, over the years that, be it a well respected journal or a magazine or financially focused book, if the audience is female, the advice focuses on playing it safe, balancing the checkbook, no risk taking and so forth. +Whereas, if the audience is male, the advice is often to invest, play big , take risks, use credit ( which was essentially generated to help those who were not generationally rich to access funds for such things as funding a business. +Why is this ? I have my theories. +I recently met a lady who started a business. It was growing. In terms of clientele, marketing and so forth. But she had yet to break even and of course, the profitable side of it was slow but it was obvious, with the trajectory she was on, this was coming and soon. +But she balked and with advice from husband, closed up shop because she hadn't made a profit in the six MONTH that the business was trading. +Women seem terrified of credit and minor financial losses. Yet, this can be part of the ebb and flow of business. +I would love some responses from women and how they overcame this socialisation, bias or whatever label you prefer. To become successful often requires patronage , which is also difficult for women to obtain. Often our legitimate products are laughed at and yet, they do well. I can think of three women, one personally known to me, who failed to get credit , even with a stellar plan and some funding and who went on to launch and maintain a very successful product. +in 2008, we had the fed drop interest rates, but what happens now if we lost 40%? I think this is why i'm so freaked out now and why considering going all cash +My grandma put $1,000 worth of stock into a brokerage account when I was born and I later inherited it when she died when I was 8. Now, I am 24 and through splits and appreciation the account is in a trust worth ~$20,000 all invested into one company (WEC for what it’s worth). + +My question is would it be smarter to leave the money untouched as it has been since I inherited the amount or to slowly sell off the stock and use it to supplement my income so I can fully contribute to my Roth IRA and 401k (which I would not be able to do without this supplementation)? + +I am currently in a lower tax bracket (I will make ~$30,000 this year) which figures to change quickly as I (hopefully) get promoted. + +Any relevant advice is appreciated! + +tl;dr: trying to find the best way to allocate $20,000 of inherited stock in the form of a trust. +My wife and I have been gifted $60k and I am trying to figure out what the smartest to do with it would be. We have less than 5k in credit card debt and a mortgage loan of 230k. We both have a 401(k) also. What should I be considering? +I'm am in the process of refinancing my home from a 30 year to a 15 year mortgage with a lower interest rate. I'd also like to cash out about 60k for some future home improvements. + +All this to say... With construction costs being so high right now, does it make sense to invest the 60k for 1+ years and then pull it out once construction costs go down? I only have a 401k (Max contribution yearly) and an emergency fund, so I know very little about investing outside the ease of a 401k. +Hi y’all I need some financial advice before I sign on a new car purchase. I’m trying to get a 23 Lexus ES 350 with 0 down offer (5.25% apr) which means $820/month for 72 months (me and wife are splitting payments). Currently taking home more or less 4K a month including full coverage insurance. Here are my monthly expenses: + +$2,100 mortgage +$500 Utilities +$300 credit card payment +$200 other expenses + +I walked away on that offer but the dealership says it’s still valid until the 3rd of Jan. + +What do you guys think? Did I walked away from a good offer and dodged a bullet or should I go back and take it? + +Any tips would be very much appreciated! + + +Edit: Thank you so much for all your advices! Sorry I can’t reply to each one, but really grateful y’all looking out for us! +Here are some highlights from the Berkshire Hathaway Q3 report posted this morning. + +https://imgur.com/a/stsZD8y + +* $7.8 billion operating earnings, up 20% y/y + +* $31.4 billion operating earnings last 4 quarters, up around 25% from the previous 4 quarter. + +* Q3 includes a $3.4 billion pre-tax, $2.7 billion after-tax insurance loss from hurricane Ian. https://imgur.com/a/km2eHrW + +* $1 billion in buybacks in Q3, all Class A shares. https://imgur.com/a/edgCf8h + +* An additional ~$500 million in share repurchases from Oct 1st to Oct 26th based on disclosed share. https://imgur.com/a/SGLOhdk + +* Berkshire owns about 20% of Occidental Petroleum (OXY) with warrants to purchase an additional 8%, so they will report as equity method going forward, meaning instead of reporting this as a stock holding, they report is as partial ownership of the company and report a proportional share of the earnings as their own. Since OXY hasn't reported Q3 results yet, they have not included their ~20% of the earnings in this report. They will report on a 1 quarter lag going forward. I estimate OXY's Q3 earnings generated around an extra $500 million in operating earnings this quarter. https://imgur.com/a/nlzPR57 + +* No major buys or sells apparent from the report. + +* Increased cash position to $109 billion + +* Berkshire completed the acquisition of Alleghany Corporation (Y) for $11.7 billion in Q4 funded by cash. That wills how up in the annual report. + +https://www.berkshirehathaway.com/news/nov0522.pdf + +https://www.berkshirehathaway.com/qtrly/3rdqtr22.pdf +Our country's currency has lost 200 percent of its value against the dollar in the last 5 years. If I had bought bitcoin , my money would have gained 600x value right now. I have been working since then until today and all I 've got is a big nothing but only depression and a lost soul. But I'm not going to give up. Now i buy bitcoins as much as possible because i don't want to spend another 5 years of my life working for nothing. +Bought a SeaGate hard drive in June of 2020, because I was getting into content creation as a hobby, and figured the extra space would be nice. Listing said new, came in new packaging, so I figured everything was fine. Well, now it's apparently failing, and when I got to check the warranty on the drive, the manufacturer's website tells me that ***the serial number I entered belongs to a drive that was originally sold as part of a prebuilt system***. So it's anyone's guess how fucking long the thing was used before I bought it, under the impression it's new. + +I'm now waiting for the seller to respond to my message I sent them through Amazon, demanding my money back. If the seller won't help me, I'm hoping my bank will side with me on this, and I'll at least get the $70 credited back to my checking account, but I'm not hopeful. Now, I'm out of the ability to look for work after getting fired for not being able to switch to a different shift at the drop of a hat. No library near me, hell I can barely even get internet at my house, and I have to pay out the ass for it because of how far out of the city I am. + +I just can't believe people pull this shit. And ***OF COURSE*** it has to cause issues right this very fucking second. Not a month or two ago when I had money, not after I find a job, right now, right ***fucking*** now. +My friend has never done her taxes. She worked as a personal assistant for quite a few years and was paid cash the entire time. She's working at a restaurant now and has a w2 for last year. She wants to fill out a FAFSA form for school but she needs tax documents from years prior. She's asking for my help, but I have no idea where to start. Any thoughts? +A Short open letter to the predatory elite: + +Regardless of the FUD, regardless of the DD! Nobody should care anymore, flood the sub with stories both real and fake, still nobody will fucking sell. + +You have tried to slide the forum, you have tried everything, there is NO POWER on Earth or anywhere that will ever get retail to sell - especially while you still exist. + +YOU WILL NEVER GET US TO SELL + +The end. + +**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. +I have no evidence of this whatsoever, but the thought just occurred to me: what could force the MOASS? There are a bunch of catalyst possibilities, but what could absolutely force it? + +That missing 005 could definitely kick it off, or am I wrong? + +So pretending this is correct, what if RC went to visit GG, Gary says "We can't just blow this up without facing serious legal issues. Can you provide proof? If we have enough proof, we'll kick it off." + +Maybe this is the plan, and RC and DFV know it. DFV got cleared from his legal team to post on Twitter again because RC has ALL the proof needed to show the manipulation by the hedgefucks. + +So now, thinking plausible deniability, GG's legal team gives him the go-ahead to unveil 005 but only after the shares have been publicly announced. + +This takes the blame away from EVERYONE from starting the MOASS, and places it wholly on the hedgies. Fuck from all angles, and no mayo in sight for poor Kenny. + +I have some other ideas floating around, but this was the big one that clicked. Perhaps it's wishful thinking to a degree, but I feel like the SEC wants this over ASAP as well. There is a vested interest though. + +Maybe I'm wrong, but we'll find out next week. +With institutions such as the Fed and a stable government does the US really have anything to fear in regards to it's debt? Why US debt that much of a problem if we are one of the most financially stable and respected countries in the world? Government spending is equal to tax revenue and new debt which has to be issued, so why can't the government just issue new bonds and not worry about how much they are spending? And isn't it impossible for Fiat currency countries to go bankrupt (if they're like the US not like Greece)? And furthermore, in regards to the crisis in social security and entitlement funding, why can't the Fed just provide money for these via open market operations and buy treasury securities for cash? Why can't the Fed just print more money, if the demand for it is there? +Converting privately owned companies to a cooperative model, or at least getting worker representation on the boards of companies, has been suggested as a way to make employers more accountable to their employees and to the public. + +Do you think private firms could be incentivised to democratise their business in exchange for lower rates of corporate and sales tax? + +I'm more interested here in the viability of this method of democratisation, rather than what you think of democratising in general. +Hey everyone! I am curious if there are any legitimate economists that don’t believe that increasing the minimum wage will cause wide spread inflation, and if so, I would love to hear your reasons for why not? + +From my perspective, as a CPA who has worked on 100’s of companies, I don’t see a scenario where if you force companies to pay their employees more that they won’t just increase their prices to keep their margins unchanged. Do I think it would be great if they paid people more? Yes! Do I think they could afford to eat into their margins to do this? Yes! Do I think they will actually do it without simultaneously increasing prices? No, I just don’t. + +Again, I am totally open to being convinced otherwise. Just at this point, based on my experience I just don’t see it happening. + +Thanks in advance for the responses! +Basically by studying economics would you say you fundamentally think of the world differently? And if so how. + +Or is it that you are equipped qith tools and a frame work to approach problems/questions you see in the world? +Hopefully this is the best place for this post. None of the other posts seem similar but I don't see anything rules that address this kind of post. + +I'm running a Dungeons and Dragons campaign where hyperinflation has collapsed the local economy. A small kingdom that is still using commodity money (gold, platinum, silver) discovered a massive and ancient dragon's hoard which contains several times more valuable metal than is currently within circulation. Mismanagement lead to over-expenditure within the kingdom and economic collapse. Fifty years later I want them to have some more strict controls in place to reduce the effects of the extra currency. The ones I've thought up so far are listed below: + +*State sale of high-cost magical items and land to draw coinage out of the economy. + +*State control over the source of coinage (the Dragon's Hoard, yet to be depleted). + +*Pause the minting of new coins. + +*Restrictions on the state's expenditure of coinage within the kingdom. + +*Gold exports to nearby kingdoms in exchange for capital goods and commodities. + +*Large increases in tax rates. + +Can any of the economically inclined redditors here think of any other controls over the money supply that I could add a fantasy bent to? + +For background, the kingdom has Renaissance era development (on top of the magic of course). +Hello all, + +I'm a college student and I'm interested in learning more about the federal reserve and it's monetary policies. + +Specifically, I want to have a better understanding of what actions the fed takes, what prompts one action over another, and how it affects the economy. + +I know that is probably a lot to cover. I'm not expecting to be a professional from a few videos or anything, but I'm not sure where to start and feel like if I understood the basics I would have a better idea of what to look into. + +I've just picked up a couple of books on the topic but I'm curious if there are any good resources(preferably video) that can give me a decent knowledge base before I dive in so things are a bit easier to understand. + + + + +I graduated with a BS in Economics over 15 years ago, but at the time I didn't take school very serious. I did just enough to get by, and have since worked in fields completely unrelated. Other than lots of the basics from intro micro/macro, I'm embarrassed to say I don't remember much. + +Over the past couple years I've developed a passion for learning, especially topics such as political science, geopolitics, and history. Economics plays a key role in those areas and despite not needing it for work (I work in healthcare), I've had a desire to go back and learn those intermediate and advanced undergraduate economics concepts I glossed over so many years ago. + +So my question is, is it realistic to think I can self teach myself intermediate micro and macro, using books like "Intermediate Micro" by Varian and "Macroeconomics" by Mankiw? Beyond that I would plan to expand to areas of personal interest based on which topics really jump out at me. I've also considered picking up a used old edition of Mankiw's intro macro/micro text to refresh my memory. + +Also, would it be needed to relearn Calculus and Statistics, as I haven't had a math or stat course since 2004. If so, what level of Calculus and Statistics should I plan to learn? My econ program wasn't math heavy at all, but I know some Econ programs are. + +It may seem like a waste of time as I think Econ as a career isn't in the cards at this point in my life, but I would like to be able to actually discuss and understand economic topics and have a level of understanding in the field I should have had the first time around. + +Thanks for any and all advice! +Considering this would raise the amount of goods and services available, both directly (I build a bridge) and indirectly (we spend on schools, which educate the population, which increases their human capital), is there an economic reason I shouldn't do this? Is it purely a political phenomenon? +Medicare only covers 25% of services. So the patient is either on the hook out of pocket or they pay for supplemental insurance. That seems like a multi-payer system to me. + +And what is multi-payer, if Medicare isn't? +I'm [looking at their per capita GDP figures](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita), and you can see that Ireland has more than the USA. + +When and how did this happen? How did their economy per capita surpass the USA? + +[It seems that even though there are many nations who suffered during the Great Recession, they bounced back very well and even more than nations who were never impacted by the Great Recession - like India, China, or Japan.](https://en.wikipedia.org/wiki/Effects_of_the_Great_Recession#Countries_most_affected) +The average used car now comes with monthly payments of more than $500/month. For an article you can refer to https://www.usnews.com/news/business/articles/2022-01-03/29-000-for-an-average-used-car-would-be-buyers-are-aghast + +New car prices are higher than they have ever been because of the shortage of product (the local Lexus dealer has five cars on the lot at the moment, all $120,000ish convertibles). + +Even after supply is restored, three years from now when the new cars are up for replacement the sellers won't want to take a huge bath on resale so the price of used cars will remain high. Then rental fleets won't be willing to unload for a song either, so the used car market will probably remain tight for almost a decade, if it even normalizes by then. + +What is the mechanism that will restore affordability to the sector? +A 'stock' doesn't seem to have much inherent value except dividends which aren't guaranteed and amount to basically nothing for the average person anyway...I don't know how shareholder voting works but presumably again it amounts to basically nothing for the average person and if it did I don't understand what value *that* practice would have. Seems like 99.9% of people treat the stock market exactly like the crypto markets. + +It just behaves a little bit more in concordance with reality, I guess. But not really? +I've been trying to wrap my head around the income productivity gap (or lack of gap) for a little while and I have a few questions about labor share of income. Recently there was a [post](https://www.reddit.com/r/AskEconomics/comments/9d0t4e/inflation_adjusted_incomes_which_is_correct_is_it/) about wages vs productivity and the community seemed to dismiss it as a non issue. I have a few further questions about the labor share of income. It seems that if productivity continues to rise and we produce more but if the portion of the wealth created distributed to workers goes down it would create gap between compensation and productivity. + +This is from the [bls](https://www.bls.gov/opub/mlr/2017/article/estimating-the-us-labor-share.htm) +>As previously noted, the labor share is one of two components that can contribute to a gap between real hourly compensation and labor productivity. The other contributor is the percentage-point difference between the deflator that BEA applies to nonfarm business output and the Consumer Price Index (CPI)–based deflator that BLS applies to the compensation component of its hourly compensation series;29 that is, +real hourly compensation increased at about the same rate as labor productivity, resulting in a relatively small 0.2-percentage-point gap in growth between these measures over the period. (See figure 5.) Then, real hourly compensation began to lag further behind labor productivity during the 1970s, and the gap has continued to widen. From the early 1970s until the turn of the century, the difference in deflators accounted for virtually all of the gap between real hourly compensation and labor productivity. However, since 2000, the decline in the labor share has contributed more than in any previous period. Over this 15-year period, labor productivity has grown 1.1 percentage points faster than real hourly compensation, with the drop in the labor share accounting for 0.6 percentage point of this gap and the difference in deflators accounting for the remaining 0.5 percentage point. + +This seems like a real problem that could lead to [greater inequality](https://www.stlouisfed.org/on-the-economy/2017/july/income-inequality-affected-labor-share) + +My second question is, what is causing this decline? it seems it the answer varies depending on the source. + +https://blogs.imf.org/2017/04/12/drivers-of-declining-labor-share-of-income/ - seems to say that the decline is due to technology and globalization. + +“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers' share of corporate income remained relatively low as of January. “And what we've seen is in recent period a much higher share of total income earned going to owners of capital.” - wa po article quote i couldn't find a source for. + +"limited evidence that the share is dropping due to the substitution of capital for (unskilled) labor to exploit technical change embodied in new capital goods; and the decline in the percent of unionized workers in the workplace is not, in fact, a major cause of the decline of the labor share." https://www.brookings.edu/bpea-articles/the-decline-of-the-u-s-labor-share/ + +"First, about a third of the decline in the published labor share appears to be an artifact +of statistical procedures used to impute the labor income of the self-employed +that underlies the headline measure. Second, movements in labor’s share are +not solely a feature of recent U.S. history: The relative stability of the aggregate +labor share prior to the 1980s in fact veiled substantial, though offsetting, movements +in labor shares within industries. By contrast, the recent decline has been +dominated by the trade and manufacturing sectors. Third, U.S. data provide +limited support for neoclassical explanations based on the substitution of capital +for (unskilled) labor to exploit technical change embodied in new capital goods. +Fourth, prima facie evidence for institutional explanations based on the decline +in unionization is inconclusive." https://www.brookings.edu/wp-content/uploads/2016/07/2013b_elsby_labor_share.pdf + +"product market concentration will rise as industries become increasingly dominated by superstar firms with high profits and a low share of labor in firm value-added and sales. As the importance of superstar firms increases, the aggregate labor share will tend to fall." https://economics.mit.edu/files/12979 + +Id love some help with this. The methodology is a bit above me but it seems like there isn't a clear consensus on the cause of what seems like a serious problem. + + + + + + +Figure 1 of [https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/a-short-history-of-prices-inflation-since-founding-of-us](https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/a-short-history-of-prices-inflation-since-founding-of-us) claims to have an estimate of CPI going back to the late 1700s. + +The source seems to be [Consumer price indexes, for all items: 1774-2003](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C44&q=consumer+price+indexes+sutch&btnG=), but I can't find the text. I also found [research](https://liberalarts.oregonstate.edu/spp/polisci/research/inflation-conversion-factors-convert-dollars-1774-estimated-2024-dollars-recent-year) claiming to have a conversion table for the same time frame, but I couldn't find/recognize an explanation for their methodology. +I am looking at a chart of Social Spending here: + +[https://data.oecd.org/socialexp/social-spending.htm](https://data.oecd.org/socialexp/social-spending.htm) + +It suggests that the US is # 2 in Spending on Social Services as a percentage of GDP. This includes Public & Private Spending on Social Programs ("Benefits may be targeted at low-income households, the elderly, disabled, sick, unemployed, or young persons."). I'd prefer to look at per capita data, but this data is only available for Public Spending. The US fares pretty well in this figure as well (top 10 out of \~35). Better than Netherlands, but not as well as Denmark. + +I would imagine that the US places in the top 3 in *total* spending per capita. (haven't done the math) + +I understand that the US has high wealth inequality. But isn't this high per capita spending on Social Programs a good indicator that regardless of moral character, or failures of efficiency in individual markets (e.g. healthcare) the US is more prolific than most at delivering "value" of Social Programs to its citizens? + +Can someone explain what I am overlooking or misunderstanding? US-style Capitalism is generally portrayed as being harsh on the poor. I'm trying to understand how this reality might be illustrated statistically, if not as a measurement of how much money is being spent on these programs. + +Thanks for any ideas and information. + +**Edit:** I guess I was looking for an economist to say something like: "no we aren't actually out-spending everybody else, it just looks that way because of X." Or, because our per capita spending is skewed by outliers (the 1% etc.) it is not reflective of reality. + +What I am hearing is that we are indeed spending more than most other countries on Social Programs, but that we are not getting a good return on our investment. This it interesting to me because it would seem to suggest a topic fertile for bi-partisan compromise. I.e. perhaps Capitalism, and/or Private spending, is not "greedy" (i.e. a value judgement - "spends too little") but is just not good fulfilling certain needs of society efficiently. + +Not trying to start a political argument, more searching for avenue for collaboration. Seems like something we need these days. +Freshman college student so pardon if the question is dumb. I’m currently taking an intermediate microeconomics class and we just introduced Lagrange multipliers. However, it was in a slightly different fashion to the method in my multivariable calc class, so I wanted to ask if there was a reason for this difference. In Economics they introduced the lagrangian = U(X,Y) - lamba * (I - Px*X - Px*Y) and to optimize they set partial derivatives with respect to X, Y and lamba equal to 0. In my math class, we would optimize this by setting gradient of U equal to lamba * gradient of the constraint. +Both of these methods lead to the same result: MUx/Px = MUy/Py, but I wanted to ask if there was any difference in the approaches and simply why economics would present it in a different way. +I have a macro exam coming up soon and I want to set the mood and also get some material to write about. Any podcasts with a focus on central bank policy would be preferred, but I don't mind ones without it. Thanks! +I know, I know its probably a really stupid question but I'm being 100% serious. We always hear about how governments printing money leads to inflation but I've always wondered why Governments just don't print money entirely to combat inflation? If someone could explain this to me or give me a logical answer it would help a lot. +I see in several mainstream media vehicles that European countries are facing inflation in the price of oil products and especially in basic necessities (food in general) and shortage of electronics. Why is this happening? + +Some say this is post-lockdown effects that various governments around the world have done to contain the covid-19 pandemic. That's true? +It has been noted that places such as the Bay Area of California, New York City, and even Hong Kong are suffering from a huge divide between the wealthy and the poor, to the point where the poor are moving/dying out. The meat of my question revolves around what exactly happens to the basic needs of these wealthy people. Does the price of home essentials simply increase to follow suit (establishing a VERY expensive economy, where even restaurants and baristas roll in money) or do these cities simply collapse in on themselves? + +To add a bit more to this question, I am mostly talking about if government/housing assistance were not available, although places like San Francisco, LA, and NYC are approaching a boiling point, where they aren't able to sustain themselves. + +Perhaps I'm simplifying the situation too much, but my friends and I were debating what option would be the best: + +$1 billion for 1 person + +$100 million for 10 people + +$10 million for 100 people + +$1 million for 1,000 people + +$100k for 10,000 people + +$10k for 100,000 people + +$1k for 1 million people (entire population) +Everyone argues that the housing market Should Not be regulated. But, if we take for granted, at least hypothetically, that we need significant regulation of housing in order to ensure everybody can afford housing in the place they work and live, (with less emphasis on protecting the capital of landowners, but still without facilitating economic collapse), what are some possible or proposed ideas for practical regulation? Whether this is from the perspective of the USA, the state, city, or county level, or another nation entirely (so long as it’s in the same neoliberal capitalist environment, like where I live), is unimportant. + + +Original post +https://www.reddit.com/r/AskSocialScience/comments/9gzx9d/how_could_the_us_government_regulate_the_housing/ +Alternative question -- how often does this occur if it does? I know that printing currency is very difficult and a trade secret but with all the technology available today, I feel like it's an arms race that is constantly being defeated and re-engineered. Once a small breakthrough is achieved, you don't really need a perfect copy of a currency to make it effective. You only need to fool a decent amount in order to extract resources from that country for free aka stealing. + +Maybe this is as prevalent as I think it is and it's just an ongoing battle that is always been there but I'm just ignorant of it. Obviously a country's citizens would like to have more money but I feel like there's more motivation for a rival country to want to destabilize another and get resources in the process. This would be a very powerful tool in order to do that especially for small countries that have their own currency which is probably why a lot of countries choose to adopt either another countries official or unofficially like the US dollar or to unify and make one like the euro. + +The more the currency is used, the more concerted effort there will be to attack it since it will bring the most value. Like now with iPhone and Android being the dominant operating systems for most phones, those are the most widely attacked systems as they will bring the most value to that effort. But if your goal is to destabilize a smaller economy and not necessarily extract value from their system using that currency directly but to instead destabilize and then take over that country eventually, it will make sense to attack a small country in this way. + +At this point I'm not even totally sure what I'm asking lol, Maybe just how prevalent is foreign sponsored currency forgery when it is being used as a tool to destabilize a rival country? +To start I am in favor of it because my understanding of the issue is that it would lead to in general a higher quality of life for people of the lower class, which I acknowledge that I am a part of. The red side of me however is harping on the notion that I earn as much as I do as a result of great personal effort and time investment into my craft, beyond working hours, etc etc you get the idea. + +My reaction is that my buying power in relation to the average is going to decrease by a noticeable and uncomfortable amount. Again this is just on a personal level, I feel as though I am in a very specific demographic that stands to in a selfish way lose out on this concept. Does this idea hold any water and if not, why am I wrong? +By training I am a historian, rather than an economist. I am trying to educate myself on economics. + +I am in the process of switching careers, which is very demanding of my time. I also have a small baby to look after, which is even more demanding of my time. So, finding opportunities to read books is pretty much out of the question for me at the moment. What I do have is a lot of time spent doing fairly menial physical tasks, so I have turned to audiobooks to satisfy my intellectual curiosity for the moment. Obviously, this limits me to economics books written for a broad audience, rather than textbooks or specifically academic works. + +So I'm listening to Piketty's *Capital* at the moment. Next on my list is a copy of Ha-joon Chang's *Economics, The User's Guide*. Whilst Piketty seems well-respected as an academic, I am getting a slightly different impression of Chang (prior to reading any of his work). + +As an advocate of "heterodox" economics obviously he ruffles a few feathers. I am struggling to tell to what extent that is because he makes legitimate, well-researched arguments against the orthodoxy, and to what extent it is because his work is just not that strong, academically speaking. + +Naturally I had a look at this sub, but [this](http://reddit.com/r/AskEconomics/comments/692cbx/book_recommendations/dh4cvq4) was the only relevant comment I could find. I am after a broader perspective. + +Many of the plaudits that come his way in online articles seem to come from journalists and laypersons, rather than serious academics. On reddit, his work is referenced heavily in fairly politically extremist subs (by anarchists, Occupy activists, etc.) which makes me wary. Am I right to be cautious? + +What are the strengths and weaknesses of Chang's positions, in this book and in his work in general? What should I know before listening to *The User's Guide*? Are there any critiques of his work I should read. + +And more generally, how does the layman (like myself) navigate arguments about orthodoxy and challenges to it in economics? How am I to tell the difference between someone making genuinely ground-breaking arguments with a solid foundation and someone who is just a quack riding on a popular wave of anti-capitalism? +Now logically not everything works as planned right away.. but theoretically it could. + +There are many mathematical tasks that would be completely unneccessary if the way in which we create bills, reports, breakdowns etc. was standardized. + +This way systems could analyze what would be missing and for example make it unneccessary to deploy the yearly bank report, because a direct connection via customers can analyze differences and offers "security" on top. +Hello, + +I remember hearing that birthrates decline as a country becomes more developed (unfortunately I don't recall the source). If this is true would we expect to see this as an inverse relationship with birthrates and real GDP? + +Thanks everyone +I believe I did pretty well in the market this year. My networth increased ~65% since its lowest point in March, [~350k to 620k](https://imgur.com/a/3Vu6u2f). 20k from the car I bought in March. I rolled over a 401k and it messed up Mint's reporting, hence the spike from Jul -> Aug. + +I beat the [SP500 by 40%](https://imgur.com/a/adeDokD) in my YOLO account, my FAANG account went from [180->300](https://imgur.com/a/kBmBp1O) + +I did this by following some basic investing principles, buying and holding for the most part, being patient, and only investing in areas which I have expertise in. + +I did not buy into the TSLA hype, nor do I play options, nor do I play crypto. + +#High level advice: +========================================= + +I picked the 7 I agree with. + +1. Invest in what you know…and nothing more. +2. Never compromise on business quality +3. When you buy a stock, plan to hold it forever +4. Diversification can be dangerous +5. Most news is noise, not news (don't read articles about investing) +8. The best moves are usually boring (buy and hold) +10. Only listen to those you know and trust + +I firmly believe that anyone who follows those concepts, they will find success in investing. + +#General mindset: +================ +- Keep emotions out of the market +- Don't bother timing the market. Don't get ruled by FOMO. +- Understand that for some stocks, you can't really average cost down. You will have to stomach buying the stock at a higher entry point. My refusal to average up early on caused me to miss out on a lot of gains. +- Understand the difference between trading, investing, and gambling. +- Have an exit strategy (stop losses would have helped me a lot in March, I now learned from my expensive mistake) +- Be greedy-- not TOO greedy. If a stock pops 10%, I will sell half to lock in profits. It's super common to see a lot of companies pop and the next day dip a bit due to sell off. Perfect time to grab more on the dip. This is obviously impossible to time, which is why I only sell half. + +#Application: +================================================================== +I was very specific in the types of companies I would choose to invest in within tech. I decided to follow my strengths. As a data engineer, I'm very intimate with cloud technologies, and I think I generally have pretty sharp business acumen and good strategic direction. + +As a result, my day to day work had me using a ton of technologies in the cloud space. I've used Splunk, NewRelic, Twilio, AWS, GCP, Hortonworks/Cloudera, Oracle, Tableau, Datadog, Sendgrid (bought by Twilio), Dropbox/box, Slack, Salesforce, Marketo, Databricks, Snowflake, HP Vertica, just to name a few. I was familiar with CDN services like Fastly and Cloudflare because sometimes, I worked with the DevOps and IT guys. + +Based on industry hearsay, day to day work, eventually, I got a good "feel" of what technologies were widely adopted, easy to use, and had a good reputation in the industry. Similarly, I also got a feel for what tech were being considered 'dated' or not widely used (HP, Oracle, Cloudera, Dropbox, Box). + +I tend to shy away from companies that I don't understand. In the past, most times I've done that-- I got burned. My biggest losers this year was betting on $NAT and $JMNA (10k total loss). After learning from those mistakes, I decided to only focus on investing in companies that either I or my peers have intimate first hand experience with using. Because of this rationale, the majority of stocks in my portfolio are products which I believe in, I thoroughly enjoy using, and I would recommend to my friends, family, and colleagues. + +Post COVID, due to the shift to remote work and increase in online shopping I decided to double down on tech. I already knew that eCommerce was the next big thing. I made very early investments into SHOP and Amazon in 2017 for that reason. + +My hypothesis was that post-COVID, the shift on increased online activity, remote work, and eCommerce would mean that companies which build tools to support increased online activity should also increase. I decided to choose three sectors within tech to narrow down-- these were three sectors that I had a good understanding of, due to the nature of my work and personal habits. + +1. eCommerce + AdTech +2. IT/DevOps (increased online activity means higher need for infra) +3. FinTech (increased shopping activity means more transactions) + +These are the points I consider before I consider jumping into a stock: + +1. Do I feel good about using the company? Do I believe in the company's vision? +2. Where do I see this company in 5 years? 10 years? Do I see my potential children being around to use these companies? +3. What does YoY, QoQ growth look like for this company? +4. Is/Will this product be a core part of how businesses or people operate? +5. Who are their customers and target demographic? +6. (SaaS) Customer testimonials, white papers, case studies. If it's for a technology, I'm going to want to read a paper or use case. + +In March, I took what I believe to be an "educated gamble". When the market crashed, I liquefied most of my non tech assets and reinvested them into tech. Some of the holdings I already had, some holdings were newly purchased. + +*EDIT* ^^^ this isn't called timing the market you /r/wsb imbeciles. Timing the market would be trying to figure out when to PULL OUT during ATH and then buying the dip. I SOLD at the lowest point, and I with the cash I sold AT A LOSS, I reinvested that cash and doubled down into tech. If I sold in Feb, and bought back in March, that would be calling timing the market. What I am doing is called REINVESTING/REBALANCING... not timing the market. + +I have 50% of my networth in AMZN, MSFT, AAPL, GOOG, FB, NFLX, and the rest in individual securities/mutual funds. I have 3 shares of TSLA that I got in @1.5. + +Here are the non FAANGs I chose. + +1. $SQ. I had already been invested in SQ since 2016. I made several bad trades, holding when it first blew past 90 until I sold it at 70... bought in again last year at 60s, after noticing that more and more B&M stores were getting rid of their clunky POS systems and replacing it with Square's physical readers. After COVID, I noticed a lot of pop up vendors, restaurants doing take out. A Square reader made transactions very easy to make post-COVID. + +2. $ATVI. Call of Duty and Candy Crush print money for them. I've been a Blizzard fanboy since I was a kid, so I have to keep this just out of principle. + +3. $SHOP. They turned a profit this year, and I think there is still a lot more room to grow. It's become somewhat of a household name. I've met quite a few people who mentioned that they have a Shopify site set up to do their side hustle. I've tried the product myself, and can definitely attest that it's pretty easy to get an online shop up and running within a day. I 5.5xed my return here. + +4. $BIGC. I bought into this shortly after IPO. I'm very excited to see an American Shopify. BigC focuses on enterprise customers right now, and Shopify independent merchants, so I don't see them directly competing. I'm self aware this is essentially a gamble. I got in at 90, sold at 140, and added more in 120s. I def got lucky here... it's not common for IPOs to pop so suddenly. I honestly wasn't expecting it to pop so soon. + +5. $OKTA. Best in class SSO tool. Amazing tool that keeps tracks of all of my sign-ons at work. + +6. $DDOG. Great monitoring tool. Widely adopted and good recommendations throughout the industry. Always had a nice looking booth at GoogleNext. + +7. $ZM. Zoom was the only video conf tool at work which I had a good time using. Adoption had blown up pre-COVID already in the tech world, and post-COVID, they somehow became a noun. "Zoom parties" and "Zoom dates" somehow became a thing interwoven into peoples' day to day lives. + +8. $TWLO. Twilio sells APIs which allow applications to send messages like text, voice, and video chat. For example, when DoorDash sends you a text at 1 AM reminding you that your bad decision has arrived, that text is powered by Twilio. In March, New York announced that they were going to use Twilio to send SMS notifs for COVID contact tracing. + +10. $NET/$FSTY. These two two seem like the ones best poised for growth in the CDN space. This is based off of industry exposure and chatting with people who work in DevOps. + +11. $DOCU. people aren't going to office to sign stuff, super easy to use, I like their product. + +12. $WMT. eComm, streaming, and a very substantial engineering investment makes me think they have room to grow. Also I really need to diversify. + +13. $COST. When is the last time you heard someone say "Man I hate going to Costco and paying $1.50 for a hotdog and soda?" Diversification. Also cheap hotdogs. + +14. $NVDA/AMD. GPUs are the present and the future. Not only are they used for video games, but Machine Learning now uses GPU instead of CPU to do compute (Tensorflow for example). Crypto is still a thing as well, and there will always been a constant need for GPUs. + +Mutual funds/ETFs +1. $FSCSX. MF which focuses on FinTech. + +2. $VTSAX Pretty much moves with the SP500. + +3. $WCLD. Holdings include Salesforce, Workday, Zuora, Atlassian, Okta, New Relic, Fastly... + +Titanvest: +I was an early access user, and I was able to secure 0% fees for my accout. 36% gains so far. I like them, because their portfolio happens to include shares of tech giants that I either don't have individual stocks for or my stake is low (CRM, PPYL). It nicely complements my existing portfolio. + +#Some things I do that that are against the grain: + +- Not really diversified. 80% is in tech. They are in very different sectors of tech, but the truth is, when tech falls, all of these companies fall. I'm obviously long tech and I do not believe that tech will fall anytime soon. What about the dot com bubble? There wasn't a single dot com company that was integral in our lives. The internet was in its infancy then. Techonology is now such an interwoven part of our lives and I see companies like Apple, Amazon, Google to be sticking around for several generations. + +- I don't read investing articles. I think people who write articles about a stock all have ulterior motives-- to pump or to dump. Case in point-- Citron Research spent years writing articles telling people how SHOP was overvalued. Why did they do that? Because they were shorters at the time. I turned 5k into 27k, because I held on to most of my SHOP shares. + +- I don't take much value from balance sheets, other than net loss, income, YoY growth. Instead, I use my business acumen to try to pick up on info that isn't super apparent from Google. For example, one thing I always do is that I look at the career page to see how the business is growing. Increase on marketing/sales/implementation engineers is typically a solid sign that a company is preparing headcount to take new deals in the upcoming quarters. I look at the product road map, supported integrations, and customer base. + +One example was how I applied the above principle was to WalMart. In 2018 I noticed that I was getting targeted by a lot of Data engineering job listing for WalMartLabs-- WarMart's tech division. The role was to build out a big data pipeline to support their eCommerce platform. WalMart's online store released in Q3 of 2019. Post COVID, I used their online store and it was a seamless experience. They even offer a 5% cash back card like Amazon. They reported strong Q4 sales last year, and they did very well post COVID. Why did I choose to invest in $WMT? Because I believe that Wal-Mart has room to grow for their online platform. + +Lastly... remember that wealth isn't accrued over time. It takes years to build. The quickest way to increase your wealth is by investing in yourself-- your career and earning potential. The sooner my income increased, the quicker I had more capital to buy into stocks. + +Also, if you've gotten this far, the point of my post isn't to say that you should invest into tech. The message I'm trying to get across is-- when picking companies, pick companies in fields or verticals you have good knowledge in. Heed Buffet's advice to only pick companies you believe in and understand. Play to your strengths, don't mindless toss money based on one person's posts on Reddit-- always do your own due diligence. Use DD as a guide and use personal research and experience to drive your decision. +I'm at a loss for words right now, and have no clue what to do. I checked my bank account after the weekend, and saw that there was $8,000 worth of charges to a country that I've never been to. + +I immediately called Wells Fargo and started a claim on Monday. We went over all the charges and the rep gave me a claim number. Earlier today I receive an e-mail saying that my case is closed, but didn't say it was giving me the money back. + +I decided to call Wells Fargo, and they said my claim was denied. The rep I chatted with said that all she could do was repeat back the notes to me, and have someone call me back. She said the notes stated that the charges were authorized and that I had to reach out to the merchant. There is no information on the merchant at all, and they were unwilling to give me anything. + +Does anyone have advice on what I could do next? This drained my checking account, and I'm in a panic right now. + Hey Fellow Apes, + +I want to provide this data to every retail investor because we don't have easy access to this kind of data. It took me more than half a year to find these files and I hope that retails can use it to do better DDs. + +**No matter what stock you are interested in!** + +**This is for everyone!** + +Below you can find the following informations: + +1. How the files look like +2. What is inside the zip packs? +3. How to extract the data for the ticker you like +4. Download Link and Virus Scan Result +5. Sources + +A tutorial on how to visualise this data will follow up together with a master sheet when I got some time. + +# 1. How the files look like + +The folder contains .zip files for every year. To exclude that the files I share contain malware I did a virus total scan - the results and link to the scan can be found at the end of the post. + +https://preview.redd.it/uiw4ktjtawe81.png?width=739&format=png&auto=webp&s=27efe5daa2e47d21a39e017e7bc15fc59cc2bab1 + +This dataset contains: - All Short Data I was able to get since I started to collect boring .txt files for the timeframe 2009 to 2021 separated by years. + +# 2. What is inside the zip packs? + +&#x200B; + +[Data for 2009 to 2021, separated by years](https://preview.redd.it/yll1e4tuawe81.png?width=262&format=png&auto=webp&s=7418f2bcd5f4e65bac080c33c8be9f92f8616fd2) + +[The FTD folder \(0\) and Short Data Information from different Exchanges \(1-4\) ](https://preview.redd.it/prbudvlvawe81.png?width=276&format=png&auto=webp&s=65a386431560615920c80a2fec31db0fb7276ec5) + +If you enter the 1 AMEX 2021 folder, you will find the following files. + +All short data files provide informations regarding Short Volume and Total Volume for !every! stock traded on this exchange on this specific day. Some exchanges also report short exempt volume. + +&#x200B; + +https://preview.redd.it/iiojsl4xawe81.png?width=267&format=png&auto=webp&s=5072fcd8e0343bf536599506715eda2cd7d1ee87 + +[Short Exempt Volume \(SEV\) is already included in Short Volume \(SV\), so no need to add up these numbers!](https://preview.redd.it/9cldr3rxawe81.png?width=679&format=png&auto=webp&s=9b828872e9fc7f03b2b2f3e96c70c1bf43dafd7a) + +**!!! Important !!!** + +*The Order of SV and SEV varies. Some Exchanges first report SEV, SV, TV (like above) and others change it to: SV - SEV - TV or SV - TV without SEV!* + +**!!! Important !!!** + +# 3. How to extract the data for the ticker you like + +So how do you extract the data for the ticker you are interested in? How can you find the data for [$GME](https://twitter.com/search?q=%24GME&src=cashtag_click) f.e. ? + +1. Get Notepad++ (free) + +[2. Press Ctrl + F and Choose \\"Search in Files\\", Enter \\"GME\\" and search - As you can see, the result is not accurate!](https://preview.redd.it/mi75dslyawe81.png?width=717&format=png&auto=webp&s=3da4604bfeacc7f0f9bde2283fc1aaeedd6b7247) + +[3. For this reason we change our search to |GME| -voila!](https://preview.redd.it/q7grdytzawe81.png?width=864&format=png&auto=webp&s=35ae9d615a85b46ab823b2843209d63e2eac7da2) + +# 4. Download Link and Virus Scan Result + +**Download Link:** + +[https://mega.nz/folder/ck11VYCT#p6aGW2PqdkyojY82WJJOXA](https://mega.nz/folder/ck11VYCT#p6aGW2PqdkyojY82WJJOXA) + +**Virus Total Scan for the shared Folder:** + +[https://www.virustotal.com/gui/url/3091995a27a5092041fcf4f4041fde1d9ca6ad9ea063e858d7fcf2a9056b25e5?nocache=1](https://www.virustotal.com/gui/url/3091995a27a5092041fcf4f4041fde1d9ca6ad9ea063e858d7fcf2a9056b25e5?nocache=1) + +# 5. Sources + +**If you want to do your own Short Data and FTD Collection, you can get the data from the following webpages:** + +**Short data:** + +[https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files](https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files) + +[https://www.cboe.com/us/equities/market\_statistics/short\_sale/?mkt=byx](https://www.cboe.com/us/equities/market_statistics/short_sale/?mkt=byx) + +[https://ftp.nyse.com/ShortData/](https://ftp.nyse.com/ShortData/) + +ftp://ftp.nasdaqtrader.com/files/shortsaledata/daily/ (Open a folder in Windows, c&p the link and press enter - you wont be able to access this page with a browser) + +**FTD Data:** + +[https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +A tutorial on how to work this the data and how to visualize it will be added in the near future in a sepearte post. + +I will not ask you for any monetary support for myself for this work but if you made some gains with my data set I would be happy if you would give the money to charity! ;) + +&#x200B; + +Best wishes + +AnnihilationGod +With all of the recent extreme pump and dumps and extreme hypes, it’s had a lot of us chasing a stock in hopes that would be the one to take us to ‘the moon.’ + +It’s also surfaced some wise ones stating 10%-30% returns on a stock make a good investor. That’s still a high return percentage. + +So, it had me thinking. + +If I was to make a solid 10% return with an initial 1,000$ investment how many trades would it take to turn that 1,000$ into 10,000$? +That sounds pretty good. 10,000$. +———————————————————————- +It takes 25 trades with 10% returns starting with 1000$ +It takes 50 trades with 10% returns starting with 100$ +———————————————————————— +Some trades fly by 10% with a blink and yet we hold only to lose it and then some. Be patient, diligent, especially with DD, focus on your goal, and those 26-50 trades are going to fly by in no time. +I like what others are saying on here, we’re here for us all to make money. +START COUNTIN’ DOWN THOSE # OF TRADES, FELLAS + +TLDR: Easier to count down from 25 than count to 10k +Hey guys, I'm hoping to make my first ever offer on a house tomorrow (First time buyer). + +I just wanted a second look at my numbers as a bit of a sense check. I'm 27 years old and will be buying on my own in northwest. + +* Deposit: £40k +* Mortgage: £145k +* Salary is circa £34K which works out at around £1950 a month after deduction (tax, student loan). Based on mortgage calculators it looks like my mortgage payment will be somewhere in the region of £650 for a 5 year fixed. + +Over the last few months I've slowly convinced myself to move up from an initial budget of around £170k, to £185K. + +Just curious about peoples experiences stretching yourself when buying? I guess i'm a little nervous about the payment being over 25% of my net income, but I do feel there are benefits to getting something you see yourself in for the long term. +This is in response to another post that seemed to largely miss the point of a common quip seen here: https://www.reddit.com/r/personalfinance/comments/ark0rz/about_that_5_cup_of_coffee/ + +In a nutshell, that post - and the bulk of its upvoted comments - seemed to advance the idea that forsaking a $5 Starbucks coffee every is more about being frugal, and that folks should indulge if it truly makes them happy. However, there's a huge disclaimer I think is missing from that narrative. While some do push frugality to the limit, that's not at all what the "$5 Starbucks" advice is about. + +When people come here for budgeting advice, rarely are they looking for ways to simply sock even more money into savings. They're looking for advice because their budget is in the red, they're not saving anything, or they simply don't know what to do. That's when the common quips come up - quit buying $5 Starbucks every day, don't eat out/drink out as often, only buy used cars, etc.. The reason these (and others) come up so often is because they are, very commonly, the usual pitfalls that are sinking peoples' budgets. With the limited information we usually have to work with, telling someone to over-correct is often the easier/safer bet than suggesting they do something that will under-correct the problem. + +When anyone sets up a budget, the proper way to do so is by starting with mandatory expenses (rent/mortgage, utilities, food, etc.), then moving on to necessary expenses (clothing, grooming, transportation, savings, etc.), and then finally addressing discretionary expenses (fun money, etc.). At each level you look at ways to minimize your expenses, usually because increasing income isn't an option. + +**And here's the kicker.** When people are giving the advice to avoid spending $5 on coffee, what they're really saying is to avoid spending $5 out of your mandatory budget. $5 Starbucks is a discretionary expense - not a mandatory expense. This is the huge, unspoken disclaimer hidden behind that quip. + +When it comes to discretionary spending, do whatever you want. Buy that $5 Starbucks. Buy a brand new car. Go traveling. Invest in a MLM pyramid scheme. While everyone is going to have their opinions on how you spend that money, those are the opinions that are worthless. It's your life, and it's your lifestyle. Have fun - but only with your discretionary budget. + +Personally, my wife and I spend a big chunk of our discretionary budget going out to eat. We established a baseline budget that we know we can fall back to - no cable, cooking cheap meals at home all the time, etc. - and then everything that goes on top of those sums ends up coming out of our discretionary category. + +If you don't have a discretionary budget, or you don't have enough in your discretionary budget to do $5 Starbucks every day, then you simply cannot afford it. Frugality has nothing to do with it. At that point you have three options: (1) look at ways to reduce your mandatory/necessary spending even more to give you enough discretionary budget, (2) don't get Starbucks as often, or (3) find some way to reconcile with yourself that spending $5 on Starbucks means you won't be able to afford rent this month. + +TL;DR + +It's not at all a question of frugality - it's a question of whether or not you have enough discretionary budget to afford it. If you do, then go ham. + +**EDIT** + +Holy crap, thanks for the gold guys. + +I want to reiterate that **the $5 Starbucks quip isn't really about Starbucks**, or coffee even. It's a metaphor. Avoiding $5 Starbucks can apply to any small, but recurring luxury expense that people either can't afford or try tucking away in anything but their discretionary budget they have left. It could be Starbucks, or sodas, or a daily pack of cigarettes, or a new car vs. old, and . . . well . . . anything. + +I also want to point out that discretionary budget isn't something you allocate for - it's something you may or may not be left with when you're done with the rest of your budget. +Documents released from the Reserve Bank of Australia reveals that house prices could be pushed up by 30 per cent if interest rates remain persistently low for years. +https://au.finance.yahoo.com/news/rba-30-house-price-rise-234955340.html + +It's basically the government saying anyone saving in this environment is an idiot and his/her money will be losing value if is staying in the bank ... + +I am by nature a saver, but Fu*ck it! I moved every cent other than emergencies to shares. Doing well and not looking back. I will not EVER be able to buy a house with business as usual of work/save for a few years to come ... + +It's a casino, and saving is punished! +NO Doge is not like BTC + +There is no limited supply. It was specifically intended to remain cheap to facilitate FAST txns. Raising the price directly conflicts with this ~~and will likely result in an influx of new coins into circulation.~~ *Doge is designed to add a fixed supply of new coins to the ecosystem on a constant basis to deflate the price continually*. **THE SUPPLY IS NOT LIMITED, UNLIKE BTC.** + +&#x200B; + +NO the situation with Doge is not like GME in ANY WAY. + +GME happened because of SHORTS. AFAIK ~~this is not something that exists in the crypto world~~ "suits" aren't shorting Doge. You are relying on other (retail, most likely) investors to take your bags when the shit hits the fan. This is not screwing over wallstreet or investment firms in any perceivable way. They don't give a shit about Doge, and they sure as shit don't have short positions, the entire catalyst to the price increase with GME, forcing them to buy down the road. + +&#x200B; + +NO you are not helping crypto by supporting a pump and dump. + +A LOT of new eyes are on crypto lately. If their first experience is holding bags after being sold a lie on a pump and dump (could be called a pyramid) scheme, they will most likely come away with a horrible impression of crypto as a whole. + +&#x200B; + +NO I'm not a hater + +Now is the time to prove a point, a point bigger than money. This is why GME was so pivotal, it is taking money from the rich fuckers who have gamed the system for so long with no downsides. That is not the same situation with Doge, a coin no reasonable corporate investor would ever take interest in. Despite how much the doge folk like to talk about Elon's mention of the coin, he made a few off hand remarks, and a week later changes his twitter bio to say #BITCOIN NOT #DOGE. Why would he do that if he was so sold on the idea? I don't even care if you pump and dump, but the MASSIVE amount of hype you're building, preying on ignorant retail investors, is concerning. + +&#x200B; + +I'm prepared for a massive backlash, but I'm fairly certain anyone who has done their research knows Doge is nothing but a shitcoin to be used for pump and dump (it fails at its intended purpose), kind of like MEME. It's quite literally a meme coin. + +&#x200B; + +If you want to hype a coin, maybe try one with an actual use-case and limited supply. + +&#x200B; + +Edit: correction about new coin generation and shorting. the supply of new coins is fixed and is not directly related to the price, however the intention of DOGE is to be remain a (relatively) cheap currency, which is why the supply is inflationary. I am not an expert and still have a lot to learn myself, but what I watched happen with DOGE was the same thing I watched happen to many shitcoins (including DOGE) in 2017, and empathize with my past self I wanted to spread the word for new eyes. MEME went 15x the same night DOGE went 4x BTW, for anyone that missed it. + +I encourage everyone to do their own research. Read white pages, look at professional analysis. I am trying to respond to comments as I can, but this blew up more than I ever expected. + +Also, thanks for the awards. I certainly was not expecting that and appreciate it helping this post gain visibility. +I've been getting debt collector calls from this company called Frost-Arnett for a few months now and apparently they are trying to collect a debt that I owe from a hospital stay I had last year. What's strange about this claim is that I had insurance during the time of my hospital stay. My insurance company has itemized all the charges from the hospital and they paid for all of it except for the $70 that they just sent a letter for. + +Frost-Arnett, on the other hand, is asking for $2,416 and I have no idea where it's coming from. I recently asked for proof of the bill and they sent a list of charges that doesn't align with what I have on my insurance account and they got the total amount wrong. + +Is this totally fraudulent? Does anyone have any idea on what I should do next? + +Addendum: I'm a 22-year-old college grad who knows nothing about finances or debt collection. I just wanted to add that because I'm incredibly uninformed this debt is making me anxious. That's why I sound so unsure about everything. + +Edit: The letter that was sent in response to my verbal response for debt verification was sent from a P.O. Box rather than a physical address. Does this count as the company's address? +Last night, after a few shots of tequila, my friend and I started talking about our crypto holdings. His parents overheard us and joined the conversation. After a long discussion about the differences between regular money and crypto, they told me it was "bullshit, bitcoin could never reach 100k. Mining sounds like a pyramid scheme." After trying my hardest to put it in simple terms and to reference posts and articles for more accurate info, they still refused to understand. + +What can I say to make people comprehend the future value of crypto? Without sounding like a salesman lol +This might be a dumb question but let’s just say I bought 500 shares of VEQT at $22.00. + +Is the rational for this that the price is going to rise in 20-30 years and that you can sell all your shares at a higher price and profit the difference? + +Let’s say the stock price doubled, would that mean you’d earn double whatever you invested 20 years ago? + +People talk about compounding but I don’t see how that works. Aren’t you just buying the stock and the trying to resell it at a higher price later on? Where is the compounding? + +Thank you in advance and I understand this might be super obvious and a dumb question but I’m brand new to investing and wanted to make sure this the reason you’d want to invest in an ETF like the VEQT for 20+ years +After being asked, AGAIN, at 31 "when are you gonna get your own place? It's the best financial decision at your age." I finally snapped today. Instead of wondering and guessing and coming up with excuses, I wanted some hard facts. + +So after about 20 minutes of talking about my details, this is my situation at 31: + +* £40k income, fully employed. No bonus schemes or anything like that for extra income. Been on sub and roughly around £30k for a few years now. Only got this new income 4 months ago. +* ~£2400 net after taxes, student loan etc. +* £40k deposit (20 from me, 20 from my parents who are mortgage-less and own 2 properties and are both 63). +* Unmarried +* ~£5k left on my student loan +* 2 credit cards, one paid off, the other a 0% APR for 2 years with about £500 on it, still another year to go on the APR. + +Total mortgage I can afford? + +£190k. + +I knew it was going to be bad, but I was thinking under £250k. Not less than £200k. Are you FRIGGING KIDDING ME!? + +She asked how much my rent was. £625 for a double room just outside the M25 ring, working just inside it. + +She said my mortgage repayments on that amount would be less than my rent for sure. + +This is a joke, a bad dream right? £190k!? That's just shockingly depressing. + +She said outside of marriage (or having someone else jump in on the mortgage, ie a friend so you don't HAVE to be married), you can: + +* Use help-to-buy, but as always with any government incentive...it's bullshit. 5% deposit, YAY! CHEAP! Oh wait, I owe 20% of the total sale of my property whenever I sell it, because technically it's a (forgive me if I miss-heard this) "equity loan". The way out of it is to take a private loan out and pay off that 20%. So great, I'm stuck with a new mortgage when I sell my place, AND a loan of 20% of the value of the place I just sold? PASS. + +* Shared ownership. PASS. I'd have to pay the whole mortgage per month and not own the place fully? No thanks. Plus there are rent and service charges to factor in to the stress testing. + +* Uber-rare, but have my parents join in on the deed. But so few lenders do this that she doesn't recommend it as an option. Also, the length of the mortgage would be based entirely on their age, and therefore basically cause my monthly payments to sky-rocket to the point of being higher than renting a property to myself. + +I said "So if I wanted something like £250k, what are my options? Do I add more to my deposit?" + +She said no, increasing it wouldn't make much difference as I'd already be at around 15% deposit which is extremely good for a first time buy. It would be salary dependant. + +Basically to get from £190k to £250k, I'd have to earn roughly £15k more than I am now. And that's not happening any time soon. + +So either marriage or find someone willing to get a mortgage with me, or buy way up North or maybe South West (home for me) and let's face it, rent it out as that's one hell of a commute. Great... + +I asked "So humour me. Say I get married (way too soon if I'm honest), and my wife has the same income and small debt like I do, same situation for argument sake. Deposit stays at £40k, would that 190 turn in to, say, 380?" + +She said "Give or take a few %, yes." + +I'm staggered. I really am. All this god damn frugal living, feeling guilty for spending ANY of my money outside of bills, feeling like I shouldnt go on holiday and actually LIVE MY LIFE, the god damn social pressure, watching people younger than me in worse financial situations post their "our new house" pics on Facebook, and I'm no better off if I had saved £20k or £50k because it's so tied to your salary these days due to the changes in legislation etc around stress testing the market? + +Excuse me while I go and spend some money and be happy again. + +What would I like for Xmas? A housing market crash please. I feel like giving up at the moment. Still save of course but this stress just hasn't been worth it. Why am I stressing about putting away £1k a month? I don't know whether to laugh or cry. + +**[Edit] Okay, so some people seem to be thinking I'm wanting to buy in London. I don't. I know what those prices are like and I'm certainly not expecting to do that. I am aware that most couples showing off their new homes are exactly that, couples, with double incomes as a result. I'm also fully aware that my first house will not be the house of my dreams, will need work etc.** + +I work in Uxbridge. I live within 30 minutes of it (an hour on a bad commute day). + +Basically part of my "rant" as you are so kindly referring to it as (as you sit there with your own house no doubt), is that realistically, as a single guy, I have to quite my job and move to somewhere that my almost double-the-national-average-wage can afford me. It stems more from society's expectations vs the reality of low wages (even in or near London) combined with insanely inflated property prices in the area, just because it's London or near it. You have to go a good hour or so away from London to get more reasonable house prices. + +And just how insanely hard it is for first time buyers today, but it's hard to get sympathy from baby boomers or anyone already owning their own house (and no doubt married). + +Is this kind of salary available in the areas where affordable housing is, around the value I can borrow? Not that I've seen, and I'm not moving up North. I'll stay in the more attractive trenches down South. +I don't see myself spending more than $40k a year. Obviously this can change depending on where life takes me, and emergencies and such down the line. With this, I would still have a generous savings account strictly for emergencies, so until something huge were to happen, I should still be covered. + +What I am wondering is if there is anything wrong with using a taxable investment account for the majority of my assets, and withdrawing \~$38,600 a year from that account. I am under the assumption that this would mean I would pay no gains tax as the gains would be considered long-term. If this was this case, would this be more beneficial for retiring early as I wouldn't have to take any penalties when withdrawing from a Roth, or having to mess with a conversion ladder? Is this too simple? I feel like there has to be an issue with this method. + +TL;DR - Have one taxable account with most of my assets, withdraw \~$38,600 a year gains tax-free. Never have to deal with withdraw penalties or Roth conversion ladders. Would this work? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +You will NEVER find it... that‘s just how it is. Believe it or not, but finding the perfect entry and perfect exit point is pure luck. + +So you can wait and hope for GME to dip some more so you can buy in more cheaply, but chances are at least as high that it takes off soon 🚀🚀🚀 and you missed your chance - thinking „I wish I bought in @100 rather than @250+.“ + +What you learn from that? Well assuming you believe that GME has a solid chance of reaching 1‘000$ and more, it simply does not matter whether your entry point was @100 or @80 or @150. + +Tldr: You will not find it, so just BUY while it still is in the 2-3 digit range (Edit: given that you believe in this rocket)! 🚀🚀🚀🚀 + +Obligatory: This is not financial advice, just my personal opinion and I like the stock. +If you’re on a standard variable tariff: + +The average unit price for dual fuel customers paying by direct debit will be limited to 34.0p/kWh for electricity and 10.3p/kWh for gas, inclusive of VAT, from 1 October. + +These unit prices have been passed to suppliers to ensure that they are used to calculate bills on time for 1 October. + +Energy suppliers will adjust standard variable tariffs automatically. Customers on standard variable tariffs do not need to take any action to get the benefits of this scheme. + +If you’re on a fixed tariff: + +If you’re on a fixed tariff at a higher rate caused by recent energy price rises, your unit prices will be reduced by 17p/kWh for electricity and 4.2p/kWh for gas. + +These unit prices have been passed to suppliers to ensure that they are used to calculate bills on time for 1 October. + +Energy suppliers will adjust fixed tariffs automatically. Customers on fixed tariffs do not need to take any action to get the benefits of this scheme. + +Standing charges: + +Average standing charges will remain in line with the levels set by Ofgem for the default tariff cap from 1 October, at 46p per day for electricity and 28p per day for gas, for a typical dual fuel customer paying by direct debit. + + + +https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022 +I want to welcome all the members who have joined over the past week. Many of you have come from wsb, and I am seeing multiple occasions where people have regretted the losses they took last week and have expressed a desire to learn investing fundamentals. + +That’s great! I plan to put together a “fundamentals” guide at some point, but I have not yet had the chance. In the meantime, though, I want to point out the flawed reasoning behind a common sentiment over at wsb, one that may apply to some of our newcomers: + +”Technically, if I don’t sell, I haven’t lost.” + +The point people are trying to make is that you only *realize* a loss on a position if you sell your stock. For example, if I’ve purchased a stock at, say, $400, and now that stock is down to, I don’t know, $50, then *technically* I haven’t lost anything yet because I still own the share. + +This is incorrect reasoning. To explain why, you have to consider the notion of **opportunity cost**, which is essentially the cost of *not* choosing an alternate option. So let’s say I have two investing options: option A and option B. Option A will pay me 12% return, option B will pay me 10% return. I went with option B. In this case, my opportunity cost is 2%, or the additional return I *would have* made by going with option A. + +If we return to our example of the $400 stock that is now trading at $50, then sure, on the one hand, we have not sold our share and so we have not realized any actual loss. But that’s not the end of the story. You also have to account for the *opportunity cost* of holding on to a $50 asset when that $50 could otherwise be reinvested. + +Say you hold your share and it stays at $50 for the remainder of the year (perhaps in the best case scenario). By holding, you not only have lost 87% thus far on the initial trade, but you’ve also cost yourself the potential gain of putting that $50 into a safe investment (like an index fund), which likely will have a modest 8% gain on the year. That 8% gain is the *opportunity cost* of holding. + +In short, no, there **is** a cost even when you do not sell. + +(This is not financial advice, I just want to explain a concept.) + +\*\*\* + +**Edit**: I’ve received lots of encouraging messages from people who really are interested in the fundamentals guide I mentioned above, and I will definitely put that together for you. I’ve also received some, uh, not so encouraging messages from people who assume I’m telling everyone to sell. + +Let me clarify: as I’ve said elsewhere in the comments, the concept of opportunity cost does not necessarily mean that every position that is currently down should be sold. Why? Because if you can reasonably expect that your current position will have a better return than those alternative options, then there is no opportunity cost. If you are down 4%, but expect a bounce back and, eventually, a 12% return overall, then the 10% return on an alternative position does not present a cost to you. + +If you expect your $50 stock to return to $1000+, then chances are that you won’t have any better opportunities available than a 150%+ return (assuming you bought at $400 and are currently at $50, then $400 is your break even point. $1000 would represent a 150% return on $400). + +It is important, however, to consider the *likelihood* of each of these outcomes. That is, how likely is it that you’ll see a 1900% increase on your current position ($50 -> $1000) versus how likely is it that you’ll see an x% return on another opportunity? I’m not telling you what to think here, but that is the question everyone has to ask with every investment. + +My purpose was merely to correct for the claim that there is no cost to holding at a loss. There is, assuming that other opportunities can reasonably be said to offer gains over and above what you can expect from your current position. +Currently primarily a swing trader but with this current market being in and out of a position during the same day is more beneficial. + +I’d like to feel productive and learn how to day trade during this time. + +Any books or courses that are highly recommended and teach actually strategies that would give me an edge. Please let me know ! +I was having drinks in an industry event and was having a conversation with someone who worked in their firm's HR department. The question came up on why our industry has so little graduate programs. Her response was quite logical and I couldn't exactly rebut it but it boiled down to: + +- Most grads despite how smart they are will likely be net negative value add for the first year or two +- The concept of loyalty is dead (nothing wrong with that) so a grad who is finally value add will jump ship if he is offered something better so you have to match. Rather be the one poaching and not having to sink the investment in. Friction of movement is very low these days so even 'discovering' talent isn't too important since you just bid more for the good ones. +- People are more savvy these days and are less attracted to the brand of a firm in terms of employment. Thus the prestige of having a graduate program is worth less. + +She also finished off saying a lot of employers are cottoning on to this and in her view during the next recession these programs will get culled even more savagely during the 2009-2014 period. I can't fault the logic, so wondering what value do you guys think having a graduate program offers the firm. +This is a Bloomberg article that talks about some of the actions that go on behind-the-scenes of what's probably the most recommended fund in the FIRE blogosphere. I thought it was all set-and-forget by algorithms, but apparently there's much more to it than that. + +Here's the [link.](http://www.bloomberg.com/news/articles/2016-08-15/vanguard-s-gerry-o-reilly-offers-a-rare-look-inside-an-index-fund) + +Anyone else learn something surprising? +Merger between APHA and TLRY finalizes in Q2 of 2021 per company disclosures. Shareholders of APHA will convert their shares to TLRY stock at .8381 per share. New Company will keep TLRY name and stock symbol. + +Here is the math as of last nights close + +&#x200B; + +10 shares of AHPA @$16.60 = $166.00 invested + +ONCE MERGER COMPLETED APHA SHARES CONVERT TO TLRY SHARES AT THE .8381 RATIO: + +10 X .8381 = 8.381shares of TLRY which closed yesterday at $26.60 per share... + +&#x200B; + +**10 APHA x .8381 = 8.381 shares of TLRY @ 26.60 = $222.93 -- that's an additional $57.93 in principal balance invested. A built in buffer against loss or just pure profit.** + +as long as this spread between the stock remains the value appears to be very significant. Going off of yesterdays close: + +&#x200B; + +Approximate..... + +10 shares = $57 additional profit + +100 shares = $570 additional profit + +1000 shares = $5,700 additional profit + +10,000 shares = $57,00 additional profit + +&#x200B; + + If this trend continues there is a built in buffer against loss as well a significant upside if TLRL and APHA keep trending upward and the spread remains the same. I am surprised more people have not jumped on this especially with the news on how US appears to be position cannabis legalization nationally and APHA is one of the first cannabis companies to actually produce a profit at the last earning report in 2020! I am not an investment advisor, but this seems like a great deal to me. Definitely check my math. +Hi everyone + +I've been a long-term lurker of this subreddit and always enjoyed reading about other people's stories and journeys to get inspiration and lessons from. So I thought I would share my own journey so far. Always keen for advice and suggestions! Let me know if you have any questions or want to know more! + +I also thought this might provide a slightly different perspective as a (relatively young) millennial professional working as a lawyer in a high cost of living city in Sydney, Australia taking the *slow and steady* route to FIRE. + +No life-changing windfalls from crypro-currency, the share market or property here unfortunately... + +# About me + +* 28 male, single +* Lawyer +* Living in a HCOL area in Sydney, Australia +* Net worth = $333k AUD (\~250k USD) +* Savings rate = 44% this year + +# Slow and steady + +If I had to give this chapter of my life a title, it would probably be "*Slow and steady*" - looking back, it's been surprising how consistent and steady my net worth has been tracking since starting full-time work despite all the other changes personally and in the world with: + +* the pandemic hitting in 2020 - despite the initial drop in the markets and the uncertainty with the lockdowns and working from home, I think I've been lucky so far with work continuing and life in Australia being relatively less affected than other parts of the world; +* I've had modest promotions and pay rises in my role including a change of job - but it appears this has been offset with lifestyle creep and additional expenses like moving out and getting my own place; +* being a late convert to FIRE. I've always lived a reasonably frugal lifestyle with a view to the future and preferred to spend more on experiences rather than chasing fads and material possessions. It was only in 2019 that I discovered that there was a whole community of like-minded people who had a name for this mind-set and a much more developed plan for financial independence! Until then, most of my savings was just sitting in high-interest saving accounts with no clear plan. + +# Net worth + +Below is a graph that shows how my NW has grown and how my allocation of assets has changed over time. I am still waiting for that exponential growth... + +[Graph of Net Worth](https://i.imgur.com/Q7oLT7P.png) + +I only started tracking numbers regularly in the second half of 2019 after discovering FIRE but have managed to back-track the previous numbers from looking at my records. + +2015 = **-20k** (Finished Uni with a negative net worth due to student loan debt. I did some part-time work over this time at Uni as a tutor and a paralegal which helped.) + +2016 = **-6k** (Started my first full-time job as a Graduate Lawyer) + +2017 = **30k** (Continued working as a Lawyer with some modest pay rises) + +2018 = **80k** (Moved out of the family house and rented my own place) + +2019 = **140k** (Changed jobs with a corresponding pay rise) + +2020 = **230k** (Weathered through the pandemic and bought my own place) + +2021 = **333k** (Hit milestone of a third of a million!) + +# Current allocation of assets + +Below is a pie chart that shows my current allocation of assets. + +[Chart of Current Allocation](https://i.imgur.com/TGwftyB.png) + +Bank Account = **3%** (I've kept a few months of living expenses in my bank account as a fund just in case.) + +Savings Account = **0%** (With interest rates so low at the moment, I've moved all my money out of my previous high-interest saving accounts.) + +Shares = **37%** (I historically hadn't kept too much money in shares as I've been cautious about the historic highs of the market but am looking to put more money into index funds moving forward, having been burned losing a few months' salary with a few speculative plays into tech stocks following the exuberance of Tesla and Gamestop shares recently. + +Retirement Account = **18%** (Australia has a compulsory superannuation retirement system where they force employers to put 9.5%, now 10%, of your salary into your retirement account. There are some tax benefits if you choose to voluntarily add more money into your retirement account but I haven't done too much of this as I hope to use any extra money before I turn 65, which is when you get access to your retirement account.) + +Property = **42%** (I recently bought my own apartment in Sydney. Sydney property prices are quite high compared to other places in the world so I am still not sure if this was ultimately a good decision, especially with the transaction costs involved. Only time will tell! However, part of the reason was to take advantage of interest rates being at such historical lows.) + +# Spending + +Below is a pie chat that shows my spending and saving over the course of the last year. + +[Chart of Spending](https://i.imgur.com/CvKmhXq.png) + +Unfortunately, tax rates in Australia are quite high (the highest tax bracket is 45% tax) so your actual take-home pay ends up being significantly less than your salary. + +Savings = **44%** (I suspect this a very average savings rate but the cost of living in Sydney is quite expensive and I do want to enjoy myself with experiences and find a balance!) + +Clothing = **1%** (I think I spend quite a low amount on clothing with the occasional purchase for office attire and casual clothes. This past year with working from home has also meant there has been less need!) + +Electronics = **2%** (I don't spend too much on electronics and the latest gadgets - I am still using an old hand-me-down phone!) + +Entertainment = **1%** (This past year has meant there has been less opportunity to go out and spend money! It also just so happens that most of my hobbies and interests don't require much money - like playing football, cooking and binging on TV shows.) + +Food = **11%** (This is probably an area where I am spending more money than others as I choose to eat out with friends and family or choose to spend a bit more for groceries. But I don't think I regret it!) + +Housing = **34%** (Rent and property prices in Sydney are relatively high. A one bedroom apartment in my current area is $500-600 per week or 380-450 USD per week or 1.65k-1.95k USD per month. But that's just what I have to deal with having grown up and with my job in Sydney. They say that you are under 'housing stress' if you are spending more than a third of your income on housing...) + +Life Admin = **7%** (This category comprises various things like bills, medical insurance and other personal expenses. Most of these are inevitable.) + +Transport = **0%** (Transport costs for this year were significantly reduced with travel restricted and working from home for much of the year. I don't expect this to be repeated moving forward.) + +# Next steps + +Overall, I think I am tracking well and am trying to find a good balance between enjoying myself in the present, taking advantage of opportunities, and setting myself up for the future. + +At my current rate, calculators say that I will reach FIRE and $1 million in \~11 years at the age of \~40, but part of me does want to enjoy the luxury of having a nicer home and looking after my current (and potential future) family. + +So it may just be that this point ends up being delayed further and further to the future! + +Keen to hear people's thoughts and advice and if you want to hear more. + +My goals for the next year are to: + +* **Invest more into stocks and in particular Vanguard index funds** \- I've always been conservative and part of me is still concerned about the current state of the stock market but part of me is also concerned that I will miss out on the next few years if it continues to rise. Having been burnt by some speculative plays into tech stocks, I think I've also learnt my lesson trying to follow the success stories of others in gambling their life savings into stocks like Tesla and Gamestop. +* **Maintain a balance between living in the present and saving for the future** \- I am conscious that my current savings rate of 44% is pretty average but I don't think there are too many other places to cut down without a significant impact on my lifestyle. Food (especially eating out) is probably one area that could be cut down but I am not sure if the additional savings would be worth it for the time spent with family and friends. +* **Find more like-minded people with FIRE in mind to share and learn from!** +I’ve just started a new job, and received notification from HMRC that I have a new tax code. I logged on to my account to check, and it seems my employer have submitted my estimated take home this year at something like £900,000. This is, you may be surprised to hear, not correct, unless I’ve been promoted to CEO or something and nobody told me. My first pay day is tomorrow, and while I’m curious to see what my take home salary is going to be, how easy is this to fix? I assume my actual tax bill EOY will be based on my actual earnings, and nothing to do with this estimate, but does anyone know if I should be concerned about this? +**Not a trading advise.** + +Hey there folks and congratulations if you haven’t blown up your account last week. Thanks to TA, mine **barely** survived. It is messy out there, making it very difficult to trade. Honestly, if you’re down, that’s understandable because these are not normal conditions. We just had a 12 month flash course on market behavior. What we’ve witnessed in this short time happens in the span of 3+ years, not months. + +Bright side is, we learned a lot. Through pain and punishment. Turns out those lessons are the most kept. It’s like we are little puppies. + +**So, what do we do?** + +We do what seasoned traders have been doing for decades. We understand the basics of charts and practice technical analysis. It’s gonna be a long Sunday read but I promise, it’ll be an eye-opening one for most of you. Don’t worry. Basics are super simple and I won’t confuse you with pattern terminology. + +If you’re not using these methods already, this post is going to improve the way you trade exponentially while minimizing losses if your trade begins going south. You'll be able to apply these methods on short and long term positions. + +I received a PM from a fellow Redditor yesterday, saying his puts lost half the value. I’m sure those losses would not have been this big if TA was involved. We will get it back my dude. Read on. + +**Resistance and support**. Two simple, magical words we’re going to cover today. + +You’re gonna love the story behind this trade. Perfect example of how powerful technical analysis can be. Below is a **$7K buy-in, 0tde SPY 390 call** I traded on Friday. One hundred percent based on a known pattern. + +I'd like for you to pay attention to time of entrance (**at support**) and exit (**at resistance**) then match those with order execution times which you will find on top. + +https://preview.redd.it/d2nrriswrgo61.jpg?width=1920&format=pjpg&auto=webp&s=78703c09cfc24458b1d63ddde0c022038dd1f72f + +**Back story**. Folks, I can't make this shit up if I want to. I'm two inches away from my screen, glued. Watching green candles pile up over support, printing...On the way to 390 resistance. I know if it breaks, we're going 391 easy..Last I saw was 389...Goddam power flickered, caused a reset on my modem. Panic sunk in. + +About 45 seconds later, connection came back. I remember I kept saying please be above 390...please be above 390....I knew as a fact, when it hits that major resistance at 390, there's a fat chance of rejection, sending my greens to red in matter of fifteen seconds. + +I saw 390.12 on screen. Smashed sell. Could've been a good trade gone wrong. My original plan was to sell half at resistance and sell the other half after a possible break out. Slightly above 391, those contracts were going for $1.50 per. + +&#x200B; + +https://preview.redd.it/d0f493b8sgo61.jpg?width=519&format=pjpg&auto=webp&s=61db8ae9c9f115ae33f5aacfbfd8f24e7cc3ddda + +Let’s step away from day trading, apply support and resistance basics on longer term charts. After all, you need to be mentally unstable in some way to even consider day trading. + +We’re gonna take General Electric as example. Starting with it’s 6 month chart, then zoom into weekly. + +On **October 10th 2018**, GE closed at what seems to be a random, insignificant price. $13.28. + +On **February 12th 2020**, it hit $13.26. Failing to close above $13.30 once again. Think about it. After millions of trading volume and after 16 months, it touched the same number and traded down the following days. Crazy accuracy, couple cents. + +&#x200B; + +https://preview.redd.it/3tumqvxssgo61.jpg?width=1532&format=pjpg&auto=webp&s=06512087a5ea457dabb354960c24c5d548f495e2 + +Clearly, what seemed to be chaotic, random price action is not chaotic and random. It follows rules and order of it's own. Just like everything else around us. + +Stay with me. + +**Drawing bearish and bullish channels** + +Here's the GE weekly chart. Each candle represents one hour. + +https://preview.redd.it/pwxrsx91ugo61.jpg?width=1532&format=pjpg&auto=webp&s=d0b6361605df5fe66cfdac3d6c6cbe2c15b1a44b + +Super simplified. You take the bottom of the **lowest candle** (**A**) and draw a line until it touches the bottom part of another candle that's trending up **(B).** + +Now, we repeat that on top portion. This time, starting a line at the top of candle **(C)** and ending at another candle that is trending up **(D).** Bullish channel is complete. + +Using same principals, you can also draw a bearish channel. In that case, instead of pointing up, channel will be pointing down. + +Next, we’re going to add to our chart what’s proven to be the resistance at $13.2x. Purple horizontal line. + +Guess what price GE closed on Friday. 🤯 + +&#x200B; + +https://preview.redd.it/ssi2kllbvgo61.jpg?width=1529&format=pjpg&auto=webp&s=6e6ac7bbb85f40bd35a4232c794b39f8f4d54cfc + +**So, buying short expiry puts Monday on GE is free money? It failed to break resistance again and again.** + +No. Analyze the chart below. Area I highlighted shows it actually did break the resistance intraday and held all the way to closing bell. There’s a big possibility that resistance is now a potential support. What we’re seeing on the highlighted portion could be the back test of said support, closing at $13.2x and not below it. + +&#x200B; + +https://preview.redd.it/kma6obvoxgo61.jpg?width=1529&format=pjpg&auto=webp&s=6a7be213dc070bc178a35316600bfa84a8f77ea4 + +&#x200B; + +**As a case study, what do we look for Monday eod?** + +We look for confirmation. If we see a strong green candle close above $13.50, in my book that’s a long buy (calls). Likely 13.2x resistance becoming support. + +If we see a strong red candle finish below 13, breaking down our bullish channel, that signals resistance held once again and it will most likely continue to go down, once again. Puts galore. + +**Here’s the part that matters for you the most.** + +Do not buy calls near major resistance. Period. Buy the confirmed support. Sell the confirmed resistance. + +We see paper handing comments all the time. “If I were to hold two more days, I could’ve doubled my money”. + +Why would you sell when you see green candles making higher highs inside a bullish channel? Sell when it’s close to resistance. + +**What about red candles inside the channel?** + +It's okay. Take a look back at the **0tde SPY 390c** chart. If I were to see red candles getting close to support, I would’ve sold and worst case scenario lose 10-15%. + +**Buy at support, sell at resistance. Buy at support, sell at resistance and don’t look back.** + +Apply these principals to your weeks, months out expiry contracts. Pull charts that each candle represents 4 hours minimum, one day candles ideally. TA is much easier and accurate when it's based on longer time frames. **I'm telling ya, damn thing closed at 13.2x two years ago!** + +**Minimizing losses when trade goes south.** + +This is the hardest part to execute. Denial, hope, what ifs... I lost $24K two weeks ago by not practicing what I'm about to preach. + +I added red candles on our GE Chart to simulate a support break. Each candle represents four hours. Take a look. + +https://preview.redd.it/hzjczrif3ho61.jpg?width=1529&format=pjpg&auto=webp&s=8d1495016c42c920d0cf0754011f7d8a142cb5e6 + +At this point, it's pretty much gg. Even though we see a green candle at the end, due to time decay, calls are destroyed. Basically, it needs 3 perfect green candles just to get back inside and 3 more candles to start trending up in the channel. 4 hour candles, by the time that happens, 30-50% poofed. In this scenario, I bet bears would buy puts at first sight of support break which I wouldn't blame and definitely participate. + +**I'd like to point this out again. Some charts I showed you guys as examples are short time-framed. You're better off applying these basics on charts that each candle represents one day, assuming your position is not expiring in 48 hours. Remember this as beginners, longer expiration, more data, better TA. More gains, less losses.** + +&#x200B; + +&#x200B; + +I’m anxious to see how next week is going to play out. We’re stuck, yo-yoing between support and resistance on pretty much all indexes and big caps. It’s simply not possible for me as an apprentice trader to speculate. + +What I know is this. I’m not touching TSLA. I’m not touching AAPL or SPY or QQQ or any ticker that has been chopping up and down between support and resistance. Bunch of noise. Time decay. Not good for option contracts. + +I want to see resistance break and hold for calls. + +I want to see support fail for puts. + +Don't know about you but I like my money. Not going to close my eyes, open a position and hope for the best. Buying based on gut feeling, selling on gut feeling. That’s gambling not trading. + +I get the biggest kick when I see my people after Friday close saying, “Shit...What am I gonna do now for 48 hours?” + +Well sir...You pull out crayons, draw some lines, look for opportunities. Add more layers to charts. Moving averages, bullish cross overs, RSI...It’s a treasure hunt. + +This is the way. + +Cheers. +I work hard… often with my hands. I come home tired and hurting from my feet to my back. At the end of the month, I put $60-$70 bucks a months away for GME. Every two to three months, I get a share of GME. Some nights, I swear I can hear Mr. Perjury laughing at me. “Look at this Schmuck. Back breaking work with kids and a wife. Barely making life work. Why doesn’t he learn to code or go back to school?!?” + +This is my chance, our chance, to know what it’s like to live life to its fullest. To watch our kids grow up. To really know what life can offer. It’s not money that I want. It’s the ability to choose my future. It’s a night at home with feet that don’t hurt. + +This is our chance. Please God. Don’t let me blow it. +As per title, how many signs do you people (who are still on the fence regarding DRS) need? Our only solution is to DRS, you cannot trust the brokers. Let this be the new, most powerful and hopefully the last wave of DRS. Pump those numbers, take ownership of your shares, be in control for once in this damn corrupt & forsaken system! + +BUY>DRS>HOLD +$SMEV Could be either one or two of all 3 not sure what Synergy will do with it yet, but they’ve been finding many MJ companies for their custodianships and I believe two crypto companies. + +$DIGAF Crypto that did .01 to $1 last crypto rush in 2017-2018 and did an 800% move recently in one day when $BTC popped, consolidated back down and moving again. Anticipating .25 this year. + +$APYP is Marijuana and launched a new website which they are currently working on and should be ready soon, company says multiple updates coming. + +$TKSI is in the plant based meat industry launched a new website and a new Instagram: https://nextmeats.us/ They have already distributed their meats all over Japan. + +$RNWF is Marijuana and owns 92% of $HPST which had news recently. + +$GOOOD which turned into $WNRS today alerted this weeks ago and is in the gambling industry. + +$AFPW Is in the Real Estate industry and is making moves many updates coming per the company and new website launched. https://www.dinatrum.com/ +“Improve your probability of profit”… “Reduce your delta”… “Lower your cost basis”, they said. “Sounds good, let’s do it!”, I said (over and over) + +And then: Bam! Stock goes up 30%, and I make $160, instead of $2700. This mantra has cost me many thousands, and I’m not doing it anymore. + +When I buy a call, I’m leaving it alone! No more PMCC crap - it’s not worth it. I chip away a couple of dollars of cost basis, but then lose tens of dollars of upside when the stock takes off, as I though it would anyway - that’s why I bought the call. + +If you want premium, sell puts. Selling calls is a fool’s game. + +Update: the stock that prompted me to write this is MRNA, but it’s happened before on TQQQ, SPY, MSFT, etc.: Buy PMCC; stock drops; roll short call down and out, turning position into vertical spread; stock rallies, and short call goes ITM. Can’t roll out - no time left on the long leg, so stock gets called away at meager profit. Lots of time in the trade, little to show for it. +Me and my fiancé talked and we agreed on this decision. Though I feel so sad now. I don’t have nearly as much btc as I use too. And getting back to these levels seems almost impossible. Tell me I made the right decision. +The facts are: + +1) I only recently found out that my husband has been secretly building up $90k in credit card debt. He was paying just the minimum until he could no longer do that and I found out when a card was declined. It includes medical debt for our kids. He was helping his mother out without my knowedge. Some of it was just wasteful spending. He's always paid the bills, and in 24 years we have *never* carried any debt before other than a mortgage, not even a car loan. Our credit rating is fantastic. So believe me when I say I had *no* idea. + +2) I recently went back to school after being a stay at home mom and got a degree but lost my first job within 3 months. I've been applying like crazy for 6 months now with no luck. It doesn't help that I'm older and haven't really worked in 15 years. I am now working 55-60 hrs a week in retail while I'm looking, but even with those hours, the pay is not close to what I need to make a dent in that debt. + +3) Our kid starts college in a month and we were counting on my income to help. We don't have the down payment for her tuition. + +4) Husband refuses to declare bankruptcy because he is proud and says "it's only money" and that I will find a better paying job and we can pay it off if I put all my income to it in the next few years. Apparently, he thought our income would double when I graduated and so he just started spending it ahead of time. + +I'm very depressed, very angry and at a loss on what to do. A bankruptcy attorney said that if he won't file, my only option is divorce. I've even considered it because our marriage hasn't been great for a while, but even if I did, I don't have enough to live on and support the kids. I have no family to live with. I'm overwhelmed, depressed and feel myself sinking into this dark pit and have no idea how to get out. The job loss was hard at middle age and not finding work was harder, but now with this debt and my marriage crumbling, I have no idea where to begin. + +I know I should have been aware of our finances but after 24 years of penny pinching, I never thought to be suspicious. I would appreciate any advice. + +EDIT: Thank you all for the kind advice. Your comments and PMs have been really supportive and helpful and have given me some ideas on where to proceed. This is a great group of people! + +For those of you who have asked for more detail: + +* We paid $210k for our home. We owe $110k. The equity took a dive during the recession and our home is now only valued at $175k. I will look into selling or a home equity loan. +* The 401 is in his name and is worth $180k. We are in our mid50s. +* We don't have any stocks or other liquid assets beyond about $1k in our savings. +* My kid has already gone to community college for a year. She's pursuing a STEM major and should be employable. She would not be eligible for military service due to her health. +* Most of the medical debt is already on the credit cards. We have $6.5k remaining that is not on the cards. I've contacted the hospital but they say we are over the financial cutoff to be eligible for bill reduction. +* I am going to call the credit card companies and see if we can negotiate a lower interest rate. +* And, yes, I should have been more aware. The cards are cut and I am in charge of the finances. I have set a strict budget. I will look into everyone's suggestions. I appreciate the advice. +I bought SU.TO back in March 2020, it’s been a great ride but I told myself I’d cash out at 50 bucks a share. It just makes sense to sell high and put it with the rest of my portfolio in VFV.TO - (I do the simple path to wealth ETF investing with almost my entire TFSA) Am I missing something? +Is anyone invested in split share funds? A couple people I work with think they are great due to very high dividends, and I had no clue what they were. Just did some basic reading on them from a financial post article, but I wonder how popular they are. + +If anyone is invested in them, how have you done? Pros, cons, advice? +[https://i.imgur.com/6BGahUN.jpg](https://i.imgur.com/6BGahUN.jpg) + +Been supporting the WSB fight against the Hedge Funds since I found out about it around a week ago. Then I found this information a few hours ago, and it has me worried for the people indefinitely holding, with the expectation of a squeeze coming soon. I'm new to the stock market but have learned a bit in the last week. Am I reading this wrong, or have the percentage of shorted shares dropped to 49.21%? + +If the squeeze already happened last ~~friday~~ thursday, how is lying about it or hiding this information to keep people buying/holding GME stock, to increase personal profits, ANY different then the bullshit that Hedge Funds do? That is active manipulation and deception for personal gain, not an altruistic attempt to 'take down Goliath', which is why many people (myself included) supported/support the GME/AMC fight. + +&#x200B; + +Even ASKING for people to explain this information to me has resulted in mass downvotes, ZERO direct responses explaining why I am wrong, and a post I made about it on WSB, was deleted within 30 seconds by mods. No explanation was provided for the quick deletion, and after asking why it was deleted, I was ignored. (edit - AND Shadowbanned, as I recently just noticed.) + +Is this a "David vs. Goliath" type of fight, or essentially a Ponzi scheme for people who invested early and/or with large funds? + +&#x200B; + +Am I crazy/wrong, or is ignorance and greed now fueling this 'movement'? ***ANY*** explanation is greatly appreciated. + +edit- Shoutout to the mods here for reinstating this post after it was initially removed. The mods over at WSB shadowbanned me after I asked the same question. + +edit 2- Said Friday, meant Thursday. +My husband teaches at a private school and makes a very low salary. I stay home right now with our 4 year old because the job I was working did not cover daycare once things like him getting sick and me having to stay home with him factored in--we've been keeping our heads above water since I left the job, barely but more than when I was working. I am always looking for work that will cover daycare and still have enough left over to pay for health insurance and some extra but so far no luck. We may have to hang in there until he starts kindergarten next year. + +Over the school summer break my husband has been working another job which had allowed us to pay some bills and start a meager savings account. I was so damn proud of that savings account. It wasn't much but we were on track to put around $800 away before the job ended. + +Well, today his check from the school was deposited and it is half of what it should have been. He called and they said that someone had made a mistake with payroll and not only would this check be half, but so would the next one in two weeks. That he'll get paid the correct salary over the year but that the payroll person had spaced the checks incorrectly for every staff member so everyone was getting two half checks in a row. He emailed HR but I doubt there is anything they can do. + +I had to move everything but the $100 minimum from savings into checking to cover rent, and I feel so defeated. One check that was half the amount is bad enough, but I honestly don't know how we're going to pay all our bills after being short so much money. Luckily my husband still has two checks from his summer job (which are both short a day because he had to go in for meetings at school the last 2 weeks) and a small bonus, so I have to look at all on paper but I think we'll skate by, but starting out the school year in a deficit fucking sucks. + +Update: I read the email from the school. They are saying that they audited last year's payroll and failed to schedule a required payroll lag last September so the teachers were overpaid, and they are paying half salaries (5 days instead of 10) for two pay periods to fix it on their end. HR forwarded my husband's email to the superintendent. I feel pessimistic that there is any way for us to get those normal paychecks. I wish they would spread the loss out over the entire year rather than shorting us what amounts to an entire check. I don't understand why they didn't send the email/letter the minute they realized this error. +Hi gang, + +Trying to understand, if bullish on one stock , why not buy deep itm leap (say 0.9+ delta, 1-2 year out ) ? Shouldn’t it be more cost efficient than shares ? +Why many ppl still prefer just going with shares ? 🤔 +i'm so tired. i'm so sick of going to bed hungry and going to work hungry. i'm so fucking sick of not knowing if i got my shit covered this month. will my phone be shut off? what about the electric? is my cat fed? am i fed? can i make rent? i always feel like i'm drowning. i'm so tired. + +edit: hi everyone, thank you so much for the support. i can't reply to everyone. there's some really great advice in the comments, especially for helping my cat out. i'll be looking into resources for her so, thank you! i'm already utilizing food banks but sometimes it's just not enough. i've decided i'm going to ask for help and try to receive some social services/ gov assistance. thank you all again. +Before I tell you how I fucked up, let me just say I am *very aware* of just how many newbie mistakes I made and how stupid I was. By all means, please feel free to laugh at my disgusting choices... the least my stupidity can do is serve as humor. + +Back in May/June, I bought around 600 Bitcoin at around 2700 USD. I'll let you do the math on how much that cost me. But I believed in Bitcoin. The original plan was just to hold them forever. I was pretty convinced Bitcoin was going to go to $10K by 2018. Had I just left the Bitcoins in my wallet and done nothing, I would be pretty happy right now at $4000 per coin. + +But no. I decided to try my hand at trading altcoins. I started off with Siacoin (this was back when there was hype around Siacoin). + +Put in 10 bitcoins into Sia, at 450 satoshis... Next day, Siacoin went up to 600 satoshis. I was like "Cool, this is easy, I just made a couple thousand dollars in a day." + +Next day I put in 20 Bitcoins into Antshares (now re-branded as NEO). Three days later, it went up as well. "Cool, I just made 10 grand in three days! All I have to do is buy altcoins low and sell high. So easy. As long as I HODL and don't sell in panic and just wait it out until it rises, everything should be fine." + +You can guess where this story is heading... there's no happy endings here. + +Basically, over the course of June, I invested pretty much ALL of my Bitcoins into alts, thinking they were going to keep going up and up. It was pure greed. Of course I should've just kept it in Bitcoin. Of course I should've done my research on some of these altcoins. Of course I should've not bought it at the very fucking *peak* before all the altcoins crashed. + +Curious to see how badly I fucked up? + +Here's a list = all the altcoins I bought, how much BTC I spent on them, and how much BTC they're worth now. Feel free to roast me, cause you could not get more stupid than this (especially putting that much money and faith into some of these altcoins). + +- Siacoin = 246.82 BTC → 72.94 BTC (minus 70%) +- CloakCoin = 139.27 BTC → 41.59 BTC (minus 70%) +- Factom = 120.72 BTC → 44.17 BTC (minus 63%) +- Monero = 18.76 BTC → 12.96 BTC (minus 31%) +- BitShares = 13.18 BTC → 4.54 BTC (minus 66%) +- Crown = 10.26 → 4.05 BTC (minus 61%) +- ZCash = 9.77 BTC → 4.13 BTC (minus 58%) +- Golem = 9.13 BTC → 2.7 BTC (minus 70%) +- GameCredits = 8.49 BTC → 3.1 BTC (minus 63%) +- LBRY Credits = 5.71 BTC → 2.55 BTC (minus 55%) +- BitcoinDark = 5.03 BTC → 1.96 BTC (minus 61%) +- Ripple = 4.98 BTC → 2.03 BTC (minus 59%) +- EmerCoin = 4.76 BTC → 2.02 BTC (minus 57%) +- Digibyte = 4.38 BTC → 1.55 BTC (minus 65%) +- Waves = 4.05 BTC → 2.76 BTC (minus 31%) +- Ubiq = 3.89 BTC → 1.74 BTC (minus 55%) +- Vertcoin = 3.35 BTC → 1.2 BTC (minus 64%) +- Lumen = 3.06 BTC → 0.95 BTC (minus 69%) +- Stratis = 2.96 BTC → 1.78 BTC (minus 40%) +- SysCoin = 2.76 BTC → 0.98 BTC (minus 64%) +- Ethereum = 2.53 BTC → 1.43 BTC (minus 43%) +- MaidSafeCoin = 1.94 BTC → 0.96 BTC (minus 50%) +- Komodo = 1.93 BTC → 0.94 BTC (minus 51%) +- Voxels = 1.35 BTC → 0.67 BTC (minus 50%) +- NEM (XEM) = 1 BTC → 0.88 BTC (minus 12%) +- BitCrystals = 1 BTC → 0.41 BTC (minus 58%) +- Ardor = 1 BTC → 0.34 BTC (minus 65%) +- Wings DAO = 0.25 BTC → 0.15 BTC (minus 37%) +- Expanse = 0.14 BTC → 0.05 BTC (minus 60%) + +Why didn't I put in any stop losses? Cause I was stupid. Why did I keep holding onto these coins despite the massive fall in value? Cause I believed they would eventually turn around. + +Trust me, I ask myself every day how I could've made THIS many bad decisions at the same time. + +I totally get you if you think I'm making up this story and how could anyone be stupid enough to spend 200 BTC on Siacoin. Pure greed. I thought Siacoin would keep going up, and I could make a quick profit. + +The only mistake I haven't made is sold any of the coins at a loss. Even as I saw the altcoins go down, I convinced myself that all I needed to do was HODL. + +I'm still holding. Still hoping that eventually some of these might go back up to the value they were before, and I can sell them off at break even. + +Of course I'm tempted to sell them all. Take any BTC I can get for them. Maybe put it into NEO (that train already left though) or some other altcoin that I hope will blow up. But of course that too would be an impulsive mistake. I'm just scared shitless, so I hold. I've made every single mistake I could made, except selling at a loss. + +"Just hold." everyone says. So I do. But the people who say "hold" usually didn't spend 600 BTC on altcoins and watched their portfolio go down to about 200 BTC. + +By the way, I know that when you compare it to USD value, not all of these altcoins have dropped that much. But that's not what I look at. USD value is deceptive, cause BTC keeps going up. + +What I care about is BTC value. I'd give anything to just have my 600 BTC back (which of course would now be worth way more than the $2700 per coin I spent on them). + +I realize that the chances of these altcoins ever going back to the peak that we had in June / July are very slim... the more BTC keeps rising, the less satoshis each of these coins is worth. Trust me, I know how much I fucked up. + +Anyway.... feel free to laugh at my stupidity. + +I'm open to any suggestions as to what to do with my altcoins now, whether I should just sell them back and get ~200 BTC for them, or wait for some of these to turn around... I genuinely don't know how to make this any less of a fuck-up. + +*** + +**EDIT:** To answer some questions that have popped up: + +Some of you are having a hard time believing someone who has this type of money can lose it in such a stupid way. Earning money, keeping it, and growing it are different skills. I fucked up on the last two. + +A few of you asked how I bought 600 Bitcoins all at once. I used an OTC called Genesis Trading. Minimum buy order is 25K. You negotiate a bid, then you wire them the money, and they send the BTC to your wallet. + +I don't have any NEO. I sold it when it got to break even, and then it exploded to current levels. So not only did I fuck up by investing in alts that went down, the one single coin that went up, I sold before it exploded. + +I *will* reply to comments. Right now I'm just catching up (I posted this story in r/Bitcoin too, so there's a lot of comments) and reading everything that everyone posted and taking it all in. + +Thank you to everyone who replied. +Are there any particular reasons or benefits to getting premium bonds? + +If I understand correctly, the annual prize rate is 1%, reduced from 1.4% last year. + +Found this on money saving expert: + +“Why the Premium Bond prize rate isn't what you'll win +To show you why using the 'mean' average isn't a good description of what most people will win, let me use an extreme example… +Imagine I sold a million people a £1 lottery ticket, and then paid just one winner a million pounds. + +I could argue, mathematically, that the average (mean) payout was £1, so on average everyone got their money back. This, of course, is bonkers. + +Almost everyone wins nothing – which is the median average – as if you lined them all up and asked, the midway person would've won nowt.” +I enjoy building XLS models and do scenario analysis on stonks. + +My model says: + +If GME Q3 revenue is $1.420 billion (that's about 10% more than last Q3), and + +If GME can realize a 6.9% reduction in SG&A (Q2 saw 14% reduction and Q1 saw a 16% reduction as they rightsize the team and realize efficiencies from their own distribution systems, etc), and + +If GME can maintain Q2 GM of 25% and maybe pick up 1% point from NFT marketplace activity, then + +My model says GME would put down positive earnings of about $0.02 per share. + +So profitability is possible.....is it probable? + +Side note about Q4 - If GME revenue is equal to Q4 2021 revenue , and margin compresses to 18% (last year was 17%), and they realize no further savings in SG&A, then GME earnings would be around $0.07 per share for Q4 of 2022. No target, just up. +Tesla Motors confirms it will take orders for the Model 3 next month at $35,000. Buyers will pay less on a net basis after federal and state tax incentives are factored in. + +Conventional wisdom indicates vehicles need to be priced in a $25K to $35K range to be sold on a mass-market basis. GM is aiming for the middle part of that range with its all-electric Bolt. + +The latest word from Palo Alto is that the Model 3 is still on schedule, although CEO Elon Musk will face some Q&A tomorrow after the EV automaker reports earnings. + +I understand a lot of companies are suffering at the moment but getting paid through a factoring company without any warning or explanation seems a bit dodgy and doesn’t bode well for the future. Should I be looking elsewhere? +This is my eighth yearly update on my FIRE journey after reaching 100k 7 years ago.  You can read the previous posts below: + +1. [Eight years ago: I hit 100k of invested assets](https://www.reddit.com/r/financialindependence/comments/261kp3/major_personal_milestone_achieved_this_week/) +2. [Seven years ago: I posted my first update](https://www.reddit.com/r/financialindependence/comments/36jg7u/one_year_after_100k_update/) +3. [Six years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/4jt2d2/two_years_after_100k_update_2/) +4. [Five years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/6bjp0r/three_years_after_100k_update_3/) +5. [Four years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/8igab5/four_years_after_100k_update_4/) +6. [Three years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/bqebbw/five_years_after_100k_update_5/) +7. [Two years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/gqz4fo/six_years_after_100k_update_6/) +8. [Last year: I posted another update](https://www.reddit.com/r/financialindependence/comments/nmwa1i/seven_years_after_100k_update_7/) + +**------This Year's Stats-----** + +38, Married, childfree + +[Mint Snapshot and Net Worth History](https://imgur.com/a/7sqJbrl) + +**Total Assets** = $1,480,017.08 + +**Total Debts** = $437,842.09 + +**Total Net Worth** = $1,042,174.99 + +**FI Goal** = $1.1M + a paid off mortgage.  + +**Debts** =  353k mortgage at 2.500%, monthly expenses on credit cards paid in full monthly. + +**Income** = My Income (\~190k/yr) + SO's income (\~230k/yr) + Startup (\~20k/yr).  + +**Expenses** =  Average $9.1k/month over the last 12 months. There are a lot of 1-off expenses though. Without those the average is $5.9k/month. + +1-Off expenses are: + +* Recreational vehicle damage (cracked a spacer during a track session) $2k +* 3 Vacations (including the entire month of Sept) $16k +* Buying a pet + pet equipment $4.5k +* Federal tax payment $8k +* Post-Airbnb Livingroom furniture $6k + +&#x200B; + +\-----**Other Details-----** + +* The last year has been tough personally. It's not really on topic for this community, but I'd give it a 3/10, would not recommend. I think we had an easier than average time over 2020 being remote workers and owning a home. Now I think the postponed stress and anxiety that was mostly borne by essential workers in 2020, is coming home to roost for us. It feels like work and the administration of life is ramping back up to "normal", but socializing and self-care has gotten much more difficult. +* The startup was profitable last year, but not enough to warrant continued full-time effort. For most of the last year, I was the only full-time worker and starting around 6 months ago, I was putting in less than 10 hrs/week. Given that it was still profitable and keeping clients on very little time, I decided to Benjamin Button it into a side-gig. It was a surprisingly difficult mental exercise to feel OK with this, but I'm glad I did it because it was very lonely working alone. +* Consequently, I decided to go ahead and get a job again. It felt like the fastest way to get the socializing and collaborative work that I want. It also would provide a good counterfactual to test all my new skills and philosophies. One of the justifications for the startup in the first place was that even if it failed it would be better than an MBA. So far this seems to be true. I've only been employed again for a month but so far it's been great. +* Around the same time, my SO made a job change as well. As happens in sales, outsized success is often followed up with outsized goals. Their last role went a bit too far and it made more sense to move on. As every other job move, they got a huge jump in base pay and variable target pay. +* For the second time in a decade I've adjusted my asset allocation. As interest rates go up, I was feeling like there were better vehicles for the counterbalancing the coffeehouse portfolio style. I moved 5% of my bond allocation into stablecoin lending, which is making around 7%. I'm still getting comfortable with the risk profile. Obviously, the rates can change at any time so we'll see if this remains a longterm viable split. + +&#x200B; + +\-----**Asset Allocation for reference-----** + +* Bonds-----------------------22% (VBILX) +* Stablecoin Lending------5% (GUSD mostly) +* S&P 500--------------------13% (VFIAX) +* Small Cap US-------------13% (VSIAX) +* Emerging Mrkt----------12% (VEMAX) +* REIT--------------------------12% (VGSLX) +* Global Capital Cycles--10% (VGPMX) +* International Large----13% (VTIAX) + +&#x200B; + +GLTA! +Hello! + +I went through all the hot posts in popular sub-reddits and selected the top posts for the week. I excluded meme stocks because I'm sure everyone is experiencing fatigue at the moment on why ThE SquEeZe iS nOt SqUoZe. You might think this is very subjective to what I think is "popular" or a quality post, so here were my requirements to be included. + +1. The post must have reached the hot section at any point during the week. +2. Post types that WERE included: news, discussion, due diligence +3. Post types that were NOT included: memes, YOLOs, shitposts, gains, losses, etc +4. The post was included if it met a certain amount of engagement (upvotes, comments). + +These are listed in no particular order. If this is something you guys like I will continue posting this, maybe weekly or bi-weekly. + +&#x200B; + +|Post Title|Tickers| +|:-|:-| +|[AMZN Amazing interview of Jeff Bezos before becoming famous](https://www.reddit.com/r/StockMarket/comments/lba6t3/amzn_amazing_interview_of_jeff_bezos_before/)|AMZN| +|[ZACKS upgrades $BB (BlackBerry Limited) price target from 14$ to 29$](https://www.reddit.com/r/stocks/comments/ldwfm2/zacks_upgrades_bb_blackberry_limited_price_target/)|BB| +|[BB is probably not the next GM3, it's probably the next TSLA](https://www.reddit.com/r/options/comments/l8wdmf/)|BB| +|[What I got out of Palantir Demo Day](https://www.reddit.com/r/investing/comments/l61uln/what_i_got_out_of_palantir_demo_day/)|PLTR| +|[Palantir rises from 52nd to 34th holding in ARKW](https://www.reddit.com/r/stocks/comments/l6m2t9/palantir_rises_from_52nd_to_34th_holding_in_arkw/)|PLTR| +|[I draw with crayons so you don't have to. The grind up continues. Tickers on the watchlist this week: U, PTON, BB](https://www.reddit.com/r/options/comments/letar1/i_draw_with_crayons_so_you_dont_have_to_the_grind/)|U, PTON, BB| +|[CRSR Corsair DD - The Q4 results are basically already out and nobody is talking about it!](https://www.reddit.com/r/investing/comments/lbnqg1/crsr_corsair_dd_the_q4_results_are_basically/)|CRSR| +|[Best Call Play? $SPCE, $APHA, $CRSR](https://www.reddit.com/r/options/comments/leqej4/)|SPCE, APHA, CRSR| +|[AMD smashes revenue and EPS estimates](https://www.reddit.com/r/stocks/comments/l5o033/amd_smashes_revenue_and_eps_estimates/)|AMD| +|[Well done to you all; but don't sleep on NIO.](https://www.reddit.com/r/stocks/comments/l6n7g7/well_done_to_you_all_but_dont_sleep_on_nio/)|NIO| +|[Rocket Companies (RKT) - DD on an Undervalued Gem!](https://www.reddit.com/r/thetagang/comments/les0ok/rocket_companies_rkt_dd_on_an_undervalued_gem/)|RKT| +|[PLUG POWER EXCEEDS 2020 GUIDANCE AND RAISES TARGETS FOR 2021 AND 2024](https://www.reddit.com/r/stocks/comments/l5cvvr/plug_power_exceeds_2020_guidance_and_raises/)|PLUG| +|[Facebook now trading at only a forward P/E of 20.5](https://www.reddit.com/r/investing/comments/l76st8/facebook_now_trading_at_only_a_forward_pe_of_205/)|FB| +|[Check out the Present and Future of $BCRX. JP Morgan Healthcare Conference presentation below. #BioWar ](https://www.reddit.com/r/StockMarket/comments/l9q8ot/check_out_the_present_and_future_of_bcrx_jp/)|BCRX| +As the title says, I’ve noticed GME over the past 10-14 days trading with some big buys after hours. Nothing like today!! 100,000’s of shares being purchased across all basket stocks. Does anyone know what’s going on? I know we don’t discuss other stocks here but anyone with a wrinkle that could explain the type of trading taking place after hours, I’m all ears. It’s almost as if, it is blatant crime!! +Hi all, +I am about 6K off from maxing my TFSA contribution room, and am curious about RRSP. +I make about 56K a year pre tax. +I live at home, so my only expenses are cell phone bill and helping my family with groceries (and of course restaurants and personal stuff). +I’ve put about 36K into my TFSA this year, mostly tech and high risk stuff. +Once it’s maxed out, would it be smarter to start building an “emergency fund” or to start putting money into my RRSP? My company matches a % so I think that as a minimum I’ll do, but Is there a point to this year? What do you guys think! I plan to move out in 1-2 years, and do want to buy a house eventually lol. +Thanks! +I would love to hear peoples thoughts (criticisms) on dividend investing as I've recently began to focus on this aspect of the market more so than growth. I know this strategy is highly criticized here. That being said I'm not chasing super high yield, obviously the goal is to find a scenario of growth plus a decent yield. + +I find it much easier to be disciplined when it comes to investing in dividend companies, I almost view my portfolio as a business which makes me more apt to embrace the long term appreciation of the over all portfolio. Companies that have issued consistent dividends seem safer than chasing the next crptyo/weed/shroom boom, ultimately if you can time the price movements of those trendy industries you'll come out on top, although I'm not sure anyone is consistently timing the various markets over the long run. + + I've come to realize that value investing with quality dividends probably suits my personality and investing habits the best. That all being said I still play the junior gold scene as its something I know being in the industry. Bunch of rambling thoughts, just looking for someone to poke holes in it. +I would love to hear peoples thoughts (criticisms) on dividend investing as I've recently began to focus on this aspect of the market more so than growth. I know this strategy is highly criticized here. That being said I'm not chasing super high yield, obviously the goal is to find a scenario of growth plus a decent yield. + +I find it much easier to be disciplined when it comes to investing in dividend companies, I almost view my portfolio as a business which makes me more apt to embrace the long term appreciation of the over all portfolio. Companies that have issued consistent dividends seem safer than chasing the next crptyo/weed/shroom boom, ultimately if you can time the price movements of those trendy industries you'll come out on top, although I'm not sure anyone is consistently timing the various markets over the long run. + + I've come to realize that value investing with quality dividends probably suits my personality and investing habits the best. That all being said I still play the junior gold scene as its something I know being in the industry. Bunch of rambling thoughts, just looking for someone to poke holes in it. +This is a hypothetical question, don't be worried. I was thinking to myself if I did find out I was going to die, what would I do. Would there be anything stopping me from maxing out my CCs for a few months to live it up? + +EDIT: Hey! It's my first post here even though I've been subbed for several months. Glad I was able to provide some interesting discussion material. You gents and ladies are some quite clever bastards. If I ever do any of this before I die, I'll come back and buy you all some gold. +Hello guys, I'm quite confused about making this particular financial decision. + +Scenario: +My dad took debt of 100,000 NRs at rate of 24% simple interest which results to 2000NRs interest per month. He had his reasons for borrowing money at such a high rate. To this date we need to exactly pay 100,000NRs as my dad is regularly clearing the interest. + +I finally was able to collect the total sum of 100,000 and am desperate to clear my dad's debt. But I'm in dilemma whether I should invest the sum and yield returns then pay debt or go straight with paying debt. + +I am not a market guy, so going for trading might prove fatal to what I've accumulated so far. On the other hand, risk free investments on banks have lowered their interest rates which sounds almost laughable. + +Will I be doing right thing if I said I decided to go straight with paying debts instead of investing and waiting for it to yield returns? +Please enlighten me. + +Thanks in advance +Hi there. I'm a Sydneysider who's curious to hear from any Perth-ians (Perthites? I don't know what the term is) about what the "property culture" is like over there. + +n Sydney, it seems that every bastard is constantly talking about property (and yes I fully realise the irony of this post). Going to a BBQ and saying that you're a renter who's happy renting because it doesn't seem worth the price to buy is like going to Saudi Arabia and saying that you think Muhammad is just okay. Do you remember when Bitcoin hit $20,000USD and it felt like everyone was talking about it, from Reddit, to the news, to your friends, to your boomer parents? That's how I feel about real estate all the time. The assumption that it's always the right decision to buy anything, no matter what is is, seems to be the prevailing one. Even the people who are prophesying huge property crashes, I get the vibe they're only doing so because they want to buy a property themselves (and get on "the ladder"), rather than anything else. + +In Sydney, the price of houses has gone nowhere but up for the past 30 odd years (save for a few temporary bumps here and there) which means that the popular theory that property ALWAYS goes up (by a lot) is hard to argue against, whereas I know that this have not been the case on the West Coast. + +I'm curious if this annoying facet of what I've always considered Australian culture is there in WA after a decade largely without price growth? +I got in early at $16, so I was wondering how you guys are playing this. I know that no one can predict the peak, but I’m still interested in hearing what you guys are doing. + +Personally, I put my limit order at $200, but that’s just a guess in my part. +>**📝 Introduction:** + +A lot of people who are active on the GameStop related sub-Reddits ( r/GME, r/Superstonk & r/wallstreetbets) have been receiving messages from new Reddit accounts offering them money in-exchange for posting about other companies. Here's the message that I received (un-edited): [**CLICK HERE**](https://i.redd.it/x2i9y5o4blt61.png). + +That's actually the second time I've received that message in the space of this week. The first time I received it, I had a karma of around 2,500. I ignored it then as a spam/flood but this time around, I scheduled a call to find out more to expose the company and the new FUD tactic that is being used by the shills. + +&#x200B; + +>📱 **The Call:** + +I received a call from a lady, who worked at the company. She told me that one of her team specialists had noticed me on Reddit and thought I would be a great fit for them, to post DDs regarding companies that they work with. These companies were from all walks of life (ie: the tech sector, biotechnology, pharmaceuticals, 420 companies etc). + +I would be allowed to choose any company from their list of companies and all I would have to do is conduct a due diligence and post about my findings on Reddit (in the sub-Reddits mentioned at the top). + +I was told that to start, I would be paid **$100/per post** on Reddit **up-front**. Keep in mind, my karma on Reddit was a barely 2,500 at the time of the call. It was also mentioned that when/if my posts attract a lot of attention to the companies I post about, the $100/per post figure would increase drastically. The way the payment works is that the company sends me an invoice on PayPal, I sign a contact that says that I will need to post on Reddit etc. and once I sign, the payment will be made to me before I make the DD post about another company, in one (ideally all) of the GME-related sub-Reddits I am active in. + +&#x200B; + +>🚀 **Take Away:** + +To put it mildly, the Hedge Funds are so utterly fucked that they are now paying Reddit users over **$100/per post** to distract all of us away from GameStop. Distraction seems to be their weapon of choice now. Be that in the form of pumping DogeCoin and having that all over the headlines or simply having influential Reddit users on these sub-Reddits posting about different companies entirely, so that people forget about GameStop. + +Guess fucking what? + +**WE ARE NOT LEAVING. I AM NOT FUCKING LEAVING. YOU AND I ARE GOING TO HOLD HANDS AND SIT NEXT TO EACH OTHER ON THE MOTHERFUCKING ROCKET SHIP AND TOGETHER SAY,** + +**“That's one small step for the financial system, one giant leap for the Apes”.** + +&#x200B; + +PS: I know there is a similar post like [**THIS**](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/) on here but it seems like that Ape didn't include nearly as much information. I'd still like to give them the credits though for being the first. Ape only show kindness to Ape. + + +&#x200B; + +>**EDIT:** + +So many people saying that I should take their offer, to simply pocket the $100/per post and buy GME with it instead. Fuck them using their own money, right? Well, no. If I were to do what they're asking, I would effectively be posting about companies I do not believe in. This could lead a random person into trusting me and my DD and putting their money into a company that is apart of their pump and dump. I'd rather miss out on the $100/per post than backstab a fellow community member by providing them information about a company that doesn't stand a chance. Sorry but no thanks. GME all the way 🦍 + +🚀💎🦍 +For me, it would have to be the Card & Krueger work on the minimum wage. See a discussion of it [here](http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3190) + +I know I'm going to get some negative responses from some people here who don't believe economics should ever be approached empirically. I hope we can be civil. +Improved technology makes work more efficient. Efficiency can be used either to increase productivity from the same amount of work, or keep output the same while decreasing the amount of work, or some combination of the two. + +In 1938, about seventy years ago, the Fair Labor Standards Act was passed establishing a 40 hour work week and 8 hour work day in the US. Since that time there have been amazing advances in technology. Yet 40 hours is still the standard work week, and in many cases the standard is much higher. Better technology with the same or more amount of work must mean all of our gains have gone into increased production. Where can I see this increased production? And who decided that we weren't going to spend at least some of these gains on decreasing the work week? +So, I know there have been a few posts over the last few years warning people about lending money via Funding Circle, but I just wanted to share my story in case it helps others... and in the hope someone can help me! + +&#x200B; + +I started lending about 4 years ago, and in total have lent £28,000, with my last deposit being made 2 years ago. I have never withdrawn money. + +&#x200B; + +My annual return has been declining slowly over the last few years, so over the weekend I decided to sell all my loans. + +&#x200B; + +Here are my statistics: + +INTEREST £7,189.46 + +LOAN PART PURCHASES £0.39 + +FEES -£747.54 + +DEFAULTS -£3,194.30 + +RECOVERIES £350.76 + +NET EARNINGS £3,598.77 + +&#x200B; + +Pretty poor return for 4 years, but not the worst. + +&#x200B; + +So, I went to sell my loans in the hope of getting back £31,598.77 + +&#x200B; + +But... + +&#x200B; + +When I went to sell my loans, I find out that only £28,056 is eligible to sell, as the rest are to companies who have missed payments. + +&#x200B; + +And to top it all off, I am going to need to wait around 40 days to even get the £28k out. + +&#x200B; + +So, to cut a long story short, after 4 years, I will have earned £56 (or 0.2%). + +&#x200B; + +As well as throwing this out as a cautionary tale, my questions are: + +1. Has any one else had this experience? +2. Am I likely to ever get back the missing £3,500? + +&#x200B; + +Thanks in advance +So companies like Moderna have done very good so far this year because of their potential to find a covid vaccin however in the past they were never able to pass a working drug i believe. + +On the other hand Johnson & Johnson has alot more experience with effective vaccines and mass production and are close to phase 1 testing on humans with their covid vaccine and on top of that already started production to gain time. + +Even if Moderna succeeds, it would be best that J&J and others also succeed as the entire planet is looking for covid vaccines. + +So obvious question.. why hasn't J&J hardly seen a jump in stock performance?? +TL;DR — Be cool and ask if you can give your rep clarification or more information. They are working in this field because they likely are interested in it and care about it, so they’re probably willing to hear you out! + +So, I am a lowly X holder, but Lorenzo, who was helping me out, asked, “Do you understand the risks with this as far as not being able to sell quickly from Computershare?” + +I let him know that I was aware or you can submit a limit order and a market order, although there is definitely a possibility that it might take longer to fill then through a traditional broker. + +He then wanted to let me know that, as far as he understood it, the big concern was that shares held with Fidelity would be lent out for short selling, and because I have a cash account, that wouldn’t be a concern. I told him that I felt more comfortable with my shares being registered directly to me, but then I asked him, “so, this is a weird question, but how much have you heard about all this?” He let me know that he knew there was a Reddit post about it, but it seemed like really all he had been exposed to was the issue with lending shares out. + +Then, he asked, “Has there really been any evidence that supports all this? I know I’ve seen a couple things here and there, like theories, but has there been anything?” I let him know that there definitely was, although I did not feel like I know enough of it intrinsically to go into acute detail beyond. I asked if he’d seen the court filings and internal communications from RobindaHood acknowledging a ‘major liquidity crisis’ and how they PCOd GME, AMC, KOSS, and others. + +“Like, from a few months ago?” +“From the court filings that have been available just this last week! And they perjured themselves, because Vlad Tenev said there wasn’t a liquidity problem. And then Ken Griffin of Citadel denied they’d had contact with RobinHood, but those same communications show Vlad asking to let Ken know he wanted to talk.” +“Oh. I’ll have to look at those.” + +I said, “The 10-second theory in a nutshell is that short sellers did not close their positions, and instead have learned to cover them in a bunch different ways to make it look like they’ve closed, like passing the buck back and forth through swaps. Plus, since this computer share thing took off, you can see GME activity on the dark pool at some of the lowest volume it’s ever been, while the New York Stock Exchange volume keeps going up. Something like 8 out of the 10 most voluminous days in the past year on the NYSE for GME have been in the last few weeks.” + +Then I said, “I don’t know, man. I feel like the risk of losing $500 or $1000 doesn’t come close to the payoff if this is right. And it makes sense to me that the richest among us would find every way possible to keep wealth out of the hands of everyone else, right?” + +“Well, they’ve been doing it for years. Hundreds of years.” + +I referred him to this Subreddit and let him know that the community has been generally really good at curating the evidence he asked for, as well as self-debunking misunderstandings and falsehoods. + +All that to say, if you have the time to respectfully offer a little more information about why this is happening, it really could go a long way. + + +https://preview.redd.it/l0po0d9yrb091.png?width=975&format=png&auto=webp&s=34d7f77fe79d9a09b24f695655f4c39c732c8d82 + +Yesterday in my TA I had mentioned that SPY was perfectly rejecting its 15min bear channel after hours (as market closed) and that we could and should expect a red day. Granted I did not think we would see -4.3% that I saw today at one point. I really thought we would see a bounce at likely support at 396 which is the bottom of the purple channel. However we decided to continue far beyond that making lows I definitely did not expect to see today! Today was also one of the clearest red days we have ever had that there were no 15minute candles closed over the 8 ema today… that’s a hella strong trend. + +So where are we now? + +&#x200B; + +https://preview.redd.it/jiw2dmuyrb091.png?width=975&format=png&auto=webp&s=520f2c1a9aabe1ea250e5f07ec763f2a51d99e79 + +If you look at the daily you see the trend is we reject off the upper channel (granted we didn’t quite make it fully to resistance (that’s okay) then we have the massive red candle (today). Now from there we either are going to see another massive red candle like in April or we are going to see a small dip to the next level like in May. + +My most likely scenario tomorrow is that SPY is going to drop to 385 (may 12th low) and attempt for a double bounce. IF we get a double bounce we COULD see a small bear market rally commence like we saw in March (see the 415 double bottom candles), however, there is also a likely chance that we bounce at 385 and then like in May see a massive gap down the next day to establish new lows. + +The highest probability move tomorrow is a test of 385. That much I feel very confident in, however, whether we hold 385 and bounce back to the bottom of the channel near 396 or not is undetermined. 385 would be a likely bounce place as that actually keeps us in “correction” territory vs “bear market” territory. + +Remember a drop below 383.93 (-20.01%) officially signals a bear market for SPY. We were within a dollar or so last week and there is quite the case that we are going to soar through that 385 support. Based off the grey channel likely support is near 383 tomorrow (-2.2%), however, the red channel actually allows us room to see 376 (-4.1%) tomorrow. + +I do not really anticipate we see -4.1% tomorrow, however, IF we did see that tomorrow that actually would be close to signaling capitulation in the markets and COULD signal a temporary bottom). + +&#x200B; + +https://preview.redd.it/ouy2koqzrb091.png?width=975&format=png&auto=webp&s=e76a7eb604476e4cd6e0869b1ed14a41d77828f0 + +On the weekly we have support at about 381-382. We are working on setting up our 7th red candle in a row. If we were to close another red weekly candle this week, which is fairly likely at this point being that 400 would make it “green.” If tomorrow is a red day it will almost guaranteed that we see a 7th red week and if we do see a 7th red week I would be fairly certain we see an 8th red week. + +That 8th week is when I think things will fall apart and we will see the true bottom. If we close a red week (especially if we break 380) then we are going to see an 8th red week in my opinion that takes us down near 285 to 300. While I think that’s what the markets SHOULD do and what the markets COULD do… I also see a fairly based case to warrant a 380-383 bottom with a 7th red candle followed by an 8th week of green that will be the rest. + +FOMC minutes come out next Wednesday and from there as far as I can tell we do not have any big things until June 10th (CPI) and then the next FOMC meeting June 15th. So it would be probable to assume much like this last FOMC that we see some range consolidation with a possible rally into CPI that is then followed by FOMC which takes us down to sub 300. + +The other thing we have to factor into all of this is the VIX. + +&#x200B; + +https://preview.redd.it/ewkwmpb0sb091.png?width=931&format=png&auto=webp&s=1ebf055e5e5ab2c93201027e0586d26ba9939854 + +For those of you who follow my TA pretty closely you know I have been tracking the VIX trends fairly closely and have noted that both times the VIX has broken below 30 and the last time we touched 26 on the VIX (FOMC meeting) we immediately the next day (which was today) saw the VIX rocket back over 30 and proceed to reach 35 shortly after. I have a feeling we are going to see the same thing end of this week and we are going to see the VIX shoot back over 35. There has been a steady decline from 37 -> 35.5 -> 34.8 on the vix this month if we see the VIX break that trend line down we MIGHT be preparing for the massive sell off we are all waiting for. + +10% challenge- + +My kiddo has a field trip today so I didn’t get to trade much today. Which figures you know the best trend day we have seen in a while that gave our thousands of percents of gains I wasn’t able to trade fully. But I was able to make a few trades and secure a pretty nice return today. + +&#x200B; + +https://preview.redd.it/degotlv0sb091.png?width=716&format=png&auto=webp&s=8937564b4b0ea4a0105995eef57df2f9f9c1caba + +&#x200B; + +https://preview.redd.it/cujwgha1sb091.png?width=170&format=png&auto=webp&s=2fda93a1ace67b72637a011d8d7124079c8e6ae7 + +In my chat I will occasionally post my p/l from the day on a really good notably high day but I really try to refrain from it because it feels like gloating to me. But today I really wanted to include it and here is why. Today was a day I was forced to go old school and trade based off the 8ema and nothing else (since I was trading from my phone). I had to trust the technical and I had to be very patient with my entries and make sure I wasn’t FOMOing in. today I had a massive 14.5% return on TOTAL portfolio today. And I only made 4 trades one of which was a -50% play and I also used the least amount and the smallest position sizes I have used in a while. I am humbled looking at the rest of my trading logs seeing how less really is more sometimes. And being able to get into a play confidently and not FOMOing into a trade really is far more successful then feeling like I need to be in each and every trade there is. If we are just patient and wait for a good trend with good momentum we can enter we are going to be far more successful then chasing trades. + +Tonight I decided to hold a 3890P 1dte (expires tomorrow) ES (Spy futures) put. I am up 30% right now. I will let her ride as this is a very small position for me but I expect another dump tomorrow so I want to wait till morning to see where we are. I MIGHT throw a 100% take profits on just incase we see a massive overnight dump but I think we see red and the VIX rises tomorrow which will allow me to capitalize on gains the most. If we do dump I plan to exit near 385 and re-evaluate. + +&#x200B; + +https://preview.redd.it/3q8lctr1sb091.png?width=683&format=png&auto=webp&s=1e090128a193b42a981de34a1870096d61b185cc + +Friendly reminder there will MIGHT be a TA post tomorrow night but there will NOT be a TA post on Friday. I will be out of town for a wedding. +So I'm looking to make an income from Options Trading. I'm willing to read any book, watch any video, practice wherever I need to, learn whatever I need to learn. I don't have a background in this sort of thing at all, so I'm already devoting most of my time / effort towards embracing this when I'm not working as a software developer. + +I would really appreciate any insight. + +Currently I have a basic understanding of the Greeks. I'm familiar with Puts, Calls, Short, Long, Iron Butterflies, Iron Condors, Strangles, Straddles, Bear Spreads, and Bull Spreads the most. I'm sure I'm not even scratching the surface of the kind of knowledge I need in order to get to where I want to be. + +So the purpose of this post is I could really use some real advice / insight on how I could go about achieving this. What books to read, what courses to take, videos to watch. I'm ready to 100% dive in and commit myself to this. + +Also, I'm currently using Robinhood, but they only allow for Level 3 Accounts, do I need to use a brokerage that allows Level 4 Options Trading in order to have a chance? + +Thank you for any and all replies in advance. I hope you all have a nice day / night. + +Edit (11:47AM PST October 6, 2019): I'd just like to say a huge thank you to everyone for all of the advice and insight offered, for those of you who offered for me to DM you for further advice, I really appreciate it and intend to follow up on that within 24 hours. +Hi, everyone. I know almost nothing about stocks, so I came here to ask a question. About 10 years ago, before he passed away, my father invested some of my savings (about 10K) in Costco. I looked at it for the first time in 5 years a few days ago, and it showed 20k. My question is, how many shares do I have, and is now a good time to sell some of my shares (not all, too good a stock to let go of according to what I've read here and on other sites)? Any advice would be so appreciated. Thank you. +>TLDR: We all need to be better at *fact checking* and *correcting other people*. A lot of comments and posts are frightening me on this subreddit, frightening because it is very obvious to me and not the majority. I break the post down into 3 parts. + +***INTRODUCTION*** + +The attitude shift has been *phenomenal* and it frightens me how effective FUD and misinformation has been on this subreddit. **This is what happens when leaders of a group create a weakness. It gets exploited.** + +I know that this stock contains regular Joe apes. I know you don't have days, weeks, months or years to study the stock market or finance... you're busy scratching your butt or counting bananas. + +BUT SOME OF US DO. + +Some amazing apes have been vigilant to fact check, to error check and to **check ourselves of our own inherent biases**. We should THANK these apes. + +Before, when I had to routinely correct people on their misunderstandings, misconceptions and misrepresentations and misinterpretations... I'd be met with *gratitude*. I'd be met with *intriguing counter arguments*. I'd be met with *curious people who want to know more.* + +... + +***SO WHAT'S CHANGED?*** + +Lately, I've warned people against talking about alt-right politics. Makes sense. Right? Nobody wants that on this subreddit, because we're here to TALK ABOUT THE STOCK. It isn't allowed on wsb, it isn't allowed on gme ... but it IS allowed here, because if the rules aren't enforced, they may as well not exist. (*Like our good friend the SEC.*) + +Why? I don't know. I don't care. But it may get us shut down, or may make us look *like the bad guys*. That fucking simple lads. What happens when I warn against it? I get insulted, brigaded, followed to other subreddits and harassed. + +Look how many followers my account has. Just for context... I had UNDER 10 BEFORE I STARTED COMMENTING IN THIS SUBREDDIT. + +Second, I warned people about spamming the SEC with pointless emails and comments, because it would disrupt their work. I have a background in cyber security management, network architecture and cloud infrastructures. I know my shit about threat actors, misinformation, disinformation and IT systems... as well as the idiot SEC monkeys who use them. + +My advice was ignored, I was insulted and jeered. Not by a few. By the majority. + +WELL GEE WHIZ, WOULD YOU LOOK AT THE FRONT PAGE ONLY A FEW HOURS LATER. + +A post, exactly outlining why it is a FUD campaign. + +Second... (and a half) the same FUD post was made on /r/gme: The top rated comments were **all commenters who were rational and assessed that it was FUD and that it was a bad idea.** + +*(So which subreddit is compromised, again? Just remind me...)* + +Third... I've been **tirelessly** having to explain months-old news about why "ladder attacks" **likely do not exist.** It is just SHORTING or SELLING or PUTS That's it. + +https://www.reddit.com/r/investing/comments/lbib0x/the_myth_of_the_short_ladder_attack/ + +Read. The. Damn. Post. + +Don't just fucking scoff at it. Read it. READ. IT. It is absolutely informative and perfectly logical. If you have a rational counter argument, fire away. But PROVE IT. + +There are also **other much easier, more pertinent and harder to track** methods of suppressing the bid. For example, retail using margin and the broker not buying their share. For example, using RH period. For example, putting all the retail trades **into off exchange** or batching them at **inconvenient times for the retail trader in GME, but convenient for the short positions**. (From certain brokers). + +Ladder attack lingo had been pretty **suppressed** and **debunked** in /r/wallstreetbets and /r/gme. Here? + +Here, we have people screaming it from the roof tops. Here, we have people **claiming that Google has been paid off to link reddit posts rightfully debunking ladder attacks.** I tried to explain to people that laddering *likely* doesn't exist and I was insulted and downvoted. + +What??? + +Because you're likely an ignorant ape to just how absolutely cultivated your reality is... just consider that Google shows **you a unique feed to everyone around you**. That's right. Even your search feed is cultivated to such a degree that even your information is restricted. Just for ad revenue. That's it. HFs aren't involved whatsoever. + +Fourth... + +LOOK. AT. MY. ACCOUNT. + +Highly active, highly engaged, 5Y OLD, diverse interests... posts almost *exclusively* positive (*and factual, where I try to be*) things about GME... + +Fuck it lads, I even made a fucking post calling out the mods of wsb for how they handled daily threads and didn't communicate it with the subreddit. + +DO I LOOK LIKE A SHILL? + +I have NEVER been called a shill... **UNTIL THIS SUBREDDIT STARTED.** + +(*Just once more for me...which subreddit is compromised?*) + +So how do we fix this? How do we, the users... fix this mess? + +***POINT ONE***. + +Not everyone who *disagrees with your understanding is a shill*. + +SAY IT WITH ME APES. + +>"Not everyone who disagrees with my understanding is a shill." + +***POINT TWO*** + +The fact there are people **currently manufacturing your emotions to this degree and this effectively terrifies me as a security boffin.** + +Be HEALTHILY skeptical of **anyone** on this subreddit. Be skeptical of me! Skeptical does NOT mean "don't believe it and tell other people to not believe it." + +A skeptic is someone who *doubts* the reality of something *until they confirm it*. THAT is the key part. *Confirming it*. Calling someone a shill and nothing else MAKES THE SUBREDDIT VULNERABLE AND YOU AN IDIOT. + +***POINT THREE*** + +If you can confirm or deny something you see here, with pretty good *evidence* then LET PEOPLE KNOW. Be active, engage users. CHALLENGE users and their beliefs with your *evidence*. Do not endeavour to repeat something as fact, if there is no evidence to support it. Don't spam people with stuff you *think* is important. There is only one important detail: buy shares if you can average down and hodl. + +Do not *blindly believe what the hype is hyping*. + +***POINT FOUR*** + +I previously told the mods of /r/gme that they needed to be conscious of misinformation, over emotional posts/comments and posts lacking evidence. This happened after a *certain* post was created that was completely delusional and detached from reality. The OP was responding in emoji and it was completely fabricated for **attention**. + +My report (and accompanying information) was taken in stride, I was thanked personally and that fictitious post was immediately locked. + +I've reported a LOT of comments and posts in this new subreddit... + +**Silence**. + +LEADERSHIP. MATTERS. + +We need BETTER fact checking mentality and it NEEDS to come from the top. Criticising and correcting BAD information and WRONG information is GOOD when the community is TOLD WHY IT WAS WRONG AND/OR BAD. + +Do better. All of us. We need to do better. /r/gme and /r/wallstreetbets is currently outperforming us when it comes to quality of information... this is inexcusable. +I watched the Carl Icahn documentary on HBO and went down a bit of a rabbit hole afterwards. I'm sure there is more to this than my smooth brain can articulate, but it seems vaguely important so I'm sharing how far I did get and requesting feedback. + +Carl talks about accountability in the documentary and I would seriously recommend watching it. He's a funny and whip-smart guy. + +*There needs to be more accountability in corporate America, billionaire investor* [*Carl Icahn*](https://www.cnbc.com/carl-icahn/) *told CNBC on Thursday.* + +*He said on “*[*Halftime Report*](https://www.cnbc.com/halftime/)*” that there are many people in management who should be fired for their behavior. Icahn added he wants a* [*Securities and Exchange Commission*](https://www.cnbc.com/id/10000893) *chair who will “hold their feet to the fire.”* + +*“Investment bankers go to CEOs of companies and say, ‘Look, instead of investing capital, why don’t you just buy back your stock, and in three years you’ll be out of here and make $50 million. Nobody will criticize you,’” he said. “Instead of building a new factory or new machinery, which will actually help the productivity, which we need so badly in this country.”* + +[https://www.cnbc.com/2016/12/22/corporate-america-needs-better-accountability-billionaire-investor-carl-icahn-says.html](https://www.cnbc.com/2016/12/22/corporate-america-needs-better-accountability-billionaire-investor-carl-icahn-says.html) Link and quote is just for reference that this corporate accountability is a consistent opinion of Carls. + + +Switching gears a little bit and then it ties back together -- + +So lets run with the tin-foily assumption that has arisen this week that all the tweets could secretly be about Carl (or Brett) Icahn. + +[Ok, so if we think the tweets are possibly all about Carl....](https://preview.redd.it/0ohqqtd9g6v91.jpg?width=828&format=pjpg&auto=webp&s=28478b81864c93e644d114bdc05281dd70da06aa) + +Google results are way more random, but using DuckDuckGo, this is the first result. + +[lets click it](https://preview.redd.it/ye5e9i66g6v91.png?width=1592&format=png&auto=webp&s=873fbf497cebf728fff14dcdec0a439d87135230) + +&#x200B; + +[huh, there are some buzzwords there I reconize. short sellers, people getting rich off disaster, corrupt executives... hmmm... ](https://preview.redd.it/y2z3769lg6v91.png?width=1764&format=png&auto=webp&s=66bd8250271143a68e6f2387b11f37dfe67346d6) + +"Dylan Ratigan's Post" link is a dead end, but able to be revived with wayback machine. + +&#x200B; + +[wait wait wait.... wat? ENCOURAGE short selling, y the ever loving fuck?!? lets just read it to see what they say, there is a picture of Carl after all lol](https://preview.redd.it/xeovrkv8h6v91.png?width=1912&format=png&auto=webp&s=8ca60bd9d65a30a247fc5ab7a61ee3dffdea5725) + +Link: [https://web.archive.org/web/20130616130251/http://www.icahnreport.com/report/2008/11/limit-company-s.html](https://web.archive.org/web/20130616130251/http://www.icahnreport.com/report/2008/11/limit-company-s.html) + + +**Article Text** +[Limit Company Size and Encourage Short Selling](https://web.archive.org/web/20130616130251/http://www.icahnreport.com/report/2008/11/limit-company-s.html) + +#### Posted by Guest Post November 17, 2008 : 5:18 PM + +📷 + +*Dylan Ratigan has established himself as a top financial anchor and reporter through his work on CNBC shows such as "On the Money" and "Closing Bell" as well as during his tenure at Bloomberg News, where he served as a Global Managing Editor and host of its "Morning Call" program. He is the anchor and co-creator of CNBC's "Fast Money"and the co-anchor of "The Call" and the 3 p.m. hour of the "Closing Bell."* + +By Dylan Ratigan + +Warren Buffett recently urged us all to follow his lead in buying American stocks during this fear-driven down market, invoking his common sense wisdom of being greedy when others are fearful and being fearful when others are greedy. + +While I appreciate and agree with Buffett that it may be a good time to invest in this great country's long-term future, I also think there is a lot the Warren Buffetts of the world can do right now to help ensure a prosperous future. + +First, we need to take a realistic view of how we got into the current financial calamity. + +**Instead of creating a society that harnesses the powerful force of capitalism to benefit us all, which resulted in the development of light bulbs, automobiles and computers, we have created a system in which the spirit of innovation has been hijacked to find better ways to cheat society for personal gain.** *(oh yeah we all feel that, products suck and are expensive right now)* + +**We have to face the reality that regulators alone can never keep ahead of the cheaters. An unfortunate aspect of human nature is that some people will always try (and succeed) at "gaming" the system, no matter how prescient and attentive our regulators.** *(we know Gary is a little slow, pretty opaque, action seems soft and distant... maybe changing with the PFOF, but still)* + +I believe the solution to the current and historical problems with capitalism is to enact two pieces of regulation. + +**First, we must never again allow any company to become "too big to fail." Companies, by their very nature, take risk. Because of the competitive nature of capitalism, there is no amount of regulation, transparency or prudence that can successfully prevent companies from occasionally failing. This is especially true of banks, which will always be tempted to increase profits by pushing the risk envelope and will always find ways to do so.** + +Just as traditional commercial bank regulators have the authority to curb an excessively risky bank, we need to enforce a limit on the size of non-bank financial entities. This measure could help stop the inevitable failures that cause the systemic failures for which we are all now paying. + +**Second, and the most pertinent to Mr. Buffett, is that we need to promote, not stamp out, short-selling. It is only through the use of the skeptical force of short selling that those who would seek to inflate their company’s value by hiding or manipulating information will be forced to provide transparency that regulations could never mandate.** + +**The wonderful thing about a stronger system of upward and downward pressure is that it forces companies to be more accountable. And if there is anything lacking these days, it is accountability among managements.** + +**So instead of an activist like Carl Icahn trying to take over the board of a company, he could simply raise a "short" fund to target companies that have loaded their boards with cronies and yes-men.** + +Or the next time Warren Buffett labels something like derivatives as "financial weapons of mass destruction," he could instead tell us which companies to bet against. This will force these companies to change their behavior more than any government regulation ever can. + +**There is a reason why CEOs who helped get us into this mess regularly blame short sellers for their failures.** + +**It is because short selling forces CEOs to either disclose what they are doing or suffer consequences for their secrecy. But rather than admit to 40-1 leverage, they loudly stigmatize those who would dare to bet against their companies.** + +**Unfortunately, merely choosing "not to buy a stock" is not enough to force this kind of necessary transparency, for there is always a "greater fool" down the road to buy it. We need to actively punish these companies and managers in our role as profit-minded investors.** + +**In simplest terms, choosing not to buy a stock because you don't like the company is like refusing to be friends with a drunk. But shorting a stock is like sending a drunk into rehab. Many of these companies, drunk with money and neglectful of risk, should have been sent to rehab a long time ago.** + +Obviously, we can never again allow the system to become so vulnerable to inevitable future corporate failures. But just as obviously, we can also no longer trust government alone to catch the cheaters and liars that have bastardized American capitalism. + +Let's apply the human nature that creates these problems to expose and punish them financially. We must no longer pay heed to disgraced CEOs who falsely claim that their downfall was caused by "those evil short sellers." + +**Let’s face it - sober people do not mistakenly end up in rehab because it is so easy to prove that they are sober. But when we discover they are regularly drunk at lunch, that's where we can send them.** + +I can think of no one better than Warren Buffett to be that kind of friend to both our country's companies and its citizens." +**End Article Text** + + +So... stay with me for a minute. Where was GameStop before Ryan Cohen came in? Not in a great spot. It didn't have it's current cool factor at that time, it had debt, the stock was down, leadership didn't have any plans. There was no "transformation" plan before Ryan. + +If GameStop wasn't undervalued, didn't have potential, then Ryan wouldn't have invested. + + +https://preview.redd.it/revo9icak6v91.jpg?width=828&format=pjpg&auto=webp&s=65b711f4e163745b9ecdebd71f81361e983039bb + +TLDR:: I'm kind of starting to believe Ryan doesn't **hate** shorts, he just thinks they are **stupid**. I think Ryan sees the real enemy as bad management, over paid CEOs, and consultants like BCG. Short sellers have a place as the "dumb storm troopers" of the galaxy, but they aren't the problem. I mean are Storm Troopers the bad guys in StarWars? Sort of, but like.... They are just the PAWNS of the bigger bad guys. + + +Ryan believes corporate C-suites and boards should have more accountability, which is why he writes these bomb ass letters to GameStop and BedBabyBath telling them why they are dumb JUST LIKE Carl Icahn does. It's why he pulls the activist investor move and comes in to change things. If there was no incentive, if the stock wasn't undervalued, the whole MOASS and squeeze and all of it would never be a thing set in motion. + +So while bitching about Kenny and the rest is good, they deserve some spotlight - I think to Ryan, SHF are just a Goomba and BCG/Corp Leaders are the Bowser. + +\------ + +There are probably other interesting nuggets just by poking around this blog, that I think this could be the Whisky connection, but I am smooth and ok being wrong and going back to munching my crayons. + +The other link that's just here from the original blog post goes to this: + +[The end of wall street link didn't work either, lets use wayback machine again.](https://preview.redd.it/9abnmtpnh6v91.png?width=1618&format=png&auto=webp&s=9c86edd49e941c772f5a45dcacb8d78987ef6f47) + +Ok, so the end of wall street's boom goes here. this one had less meaning for me, but I am smooth as hell and asking for help more than trying to explain. + +[https://web.archive.org/web/20090105063744/http://www.portfolio.com:80/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Bo](https://web.archive.org/web/20090105063744/http://www.portfolio.com:80/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom) + + +https://preview.redd.it/ki6ygi04j6v91.png?width=2536&format=png&auto=webp&s=66994a38c4241ab80ea2553f2b89ff8320373b0d + +[exploring the wall street tag: oh, pirates? hmmmm... that rings a bell too](https://preview.redd.it/p7dsvhnbi6v91.png?width=1726&format=png&auto=webp&s=b36d17097f1b82fca51250dc0b5719f3c8f3af47) + +&#x200B; + +Anyways, like I said I am smooth, please do not evicerate me. Flair-ing as speculation because I don't think it's DD level. +I have been trading options for over 30 years and I am frequently asked, "Where Can I Learn To Trade Options?" Here is my 3 step process. Most of you are already mastering the first two steps and if you are proficient at those, the options part is pretty easy. + +All of your trading has to start with market analysis. That means getting your bearings from a technical perspective (moving averages, volume, trendlines, momentum) and also be aware of the fundamental backdrop (earnings, interest rates, economic data, political policies). I spend 3 hours each morning conducting market analysis. This is the most critical step and it is the biggest piece of the puzzle. More than 75% of all stocks follow the market. If you get this wrong there is a 75% likelihood you will lose money. I always have a 5 minute chart of the SPY up when I am trading and I never take my eye off of it. Once you have your market bearings, you are ready for the next step. + +Let's say that you have concluded that the market is bullish for the next few days and that the uptrend should continue. There are not any speedbumps (economic events) ahead and the downside risk is minimal. Now it is time to zero in on the best stock. + +I look for stocks that are moving higher when the market is moving lower. I call this relative strength (RS). Do NOT confuse this with the RSI indicator that compares the stock's current move to its recent price movement (I find little value in RSI). Find stocks with relative strength that are moving higher on heavy volume and that have broken through technical resistance. These will be your best prospects. + +If you get the market right and the stock right, options are easy. They are simply a way for you to increase your leverage. Here's the rub. I am not saying that getting the first two steps is easy. It is very difficult and until you hone your skills with steps one and steps two you should not trade options. You will simply lose your money faster. + +Basic options buying strategies and vertical spreads are all you need to trade any market scenario. Your opinion of the market and your confidence in that forecast determine the best options trading strategy along with your opinion of the magnitude and the duration of the expected stock move. Keep your strategies basic and the positions will be much easier to manage. + +Options are not the starting point, they are the icing on the cake. Market first, stock second and options last. + +I went through the entire process and it culminated with a trade example. Here is a link to Part 2 + +[https://www.reddit.com/r/options/comments/mfpmx9/market\_forecast\_3\_step\_process\_to\_options\_trading/](https://www.reddit.com/r/options/comments/mfpmx9/market_forecast_3_step_process_to_options_trading/) + +Here is a link to Part 3 with the trade details. + +[https://www.reddit.com/r/options/comments/mfrovx/3\_step\_process\_to\_trading\_options\_part\_3/](https://www.reddit.com/r/options/comments/mfrovx/3_step_process_to_trading_options_part_3/) + +Good luck with your trading. +[SOH article here](http://slopeofhope.com/2016/05/eighty-thousand-percent.html#more-56712) + +Think about these type of unknown stocks when your thinking of investing in FB or AAPL or other well knowns. +My FIRE date is now about 7-10 years away. I'm considering a $320k mortgage on a $400k listed home after a 20% down payment on a home. I have two quotes, a 15 year @ 2% and a 30 year at 2.5%. (Moving from Bay Area to L/MCOL area.) + +The 2% 15 year is $2,059/mo. A 2.5% 30 year is $1,264. My income is $15k/mo after taxes, so both are extremely easy affordable. + +I'll look at a FIRE date of 10 years and a typical FIRE date of 15 years. + +Normally I'm an "invest the difference" kind of guy. It should be easy to find an investment that yields more than 2.5%, right? However, the 15 year is so cheap in monthly payment too, which quite frankly, is rare. It's tempting me. The $1,264/mo payment stream at a 3% SWR is $505,600 nominal to avoid sequence of returns risk. That is a lot of portfolio to carry around that investing the difference may not overcome. + +Investing the difference may or may not pay off either - I'll be using cherrypicked dates and investing in 100% stocks in VFINX - Vanguard's S&P 500 index fund. (For today - why invest in 1.5% bonds when you have a 2-2.5% mortgage to tackle?). + +# Mortgage Payoff Results +At year 10 of the 15-year mortgage the payoff is $117,483.53 +At year 10 of the 30-year mortgage the payoff is $238,606.83 + +At year 15 of the 15-year mortgage the payoff is $0. +At year 15 of the 30-year mortgage the payoff is $189,622.47 + +# Investment Results of Investing the $795/mo Difference + +1985 - 10 years later: $173,324 +2000 - 10 years later: $98,854 +2002 - 10 years later: $122,926 + +1985 - 15 years later: $646,159 - wow, over our SWR value! +2000 - 15 years later: $272,352 +2002 - 15 years later: $299,635 + +10 years cost basis: $95,400 +15 years cost basis: $143,100 + +# Lots of Math figuring out after-tax payoff values +Under the worst case year 2000 stock market case we're at: +238,606.83 30 year payoff - ((98,854-95400) *.85 + 95400)= 140,270.93. +117,483.53 15-year payoff -140,270.93 = -22,787.4 worse than the 15 year mortgage. + +Year 2002: $119,809.73 payoff after taxes, -2,326.2 worse than the 15-year mortgage - break even. +Year 1985: $76,971.43 payoff after taxes, $40,512.1 BETTER than the 15-year mortgage. + +All 3 portfolios have returned higher than the year 15 payoff. I'll just focus on the worst case and see if the taxes can possibly change the result: + +238,606.83 - ((272,352 -143,100) *.85 + 143,100) = -14,357.37 payoff amount (credit). We're AHEAD $14,357 by investing the difference. + +# TL;DR + +Invest the difference 10 years - 1985 start date - Huge winner +Invest the difference 10 years - 2000 start date - Huge loser +Invest the difference 10 years - 2002 start date - Breakeven + +Invest the difference 15 years - 1985 start date - WINNER CHICKEN DINNER - SWR hit +Invest the difference 15 years - 2000 start date - Winner +Invest the difference 15 years - 2002 start date - Winner + +A 15 year mortgage really warrants consideration if it's affordable, and your FIRE date is under 10 years. If given enough time, yes, it is mathematically advantageous to invest in the difference, but the shorter you're desiring a paid off house before your FI date to avoid a much higher SWR requirement, the more advantageous the 15 year becomes compared to the short-term possible riskiness of the stock market (or buying the $400k house in cash vs keeping a $505k portfolio invested in SWR terms). + +Going through this exercise made me re-think the 15 year mortgage for my FIRE goals. +Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. + +Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than $3.1 billion of Amazon shares, after selling more than $4.1 billion worth of shares in February. The sales this week bring his total cash out in 2020 to more than $10.2 billion so far, which is a notable jump from 2019, when Bezos sold $2.8 billion worth of shares. + +Even with the latest stock sale, Bezos still owns more than 53 million shares worth nearly $170 billion, making him the richest person in the world. + +The transactions were made as part of a prearranged 10b5-1 trading plan, according to the filings. Amazon declined to comment on the latest sale. + +Bezos has previously said he sells about $1 billion of Amazon stock each year to fund his rocket start-up, Blue Origin. Additionally, the Amazon CEO in February launched a $10 billion Earth Fund to combat the effects of climate change, which will issue grants to scientists, activists and other organizations. + +While Bezos hasn't yet announced the recipients of the fund, The Atlantic reported Tuesday that Bezos is expected to give $100 million each to the Nature Conservancy, the Environmental Defense Fund, the Natural Resources Defense Council and the World Wildlife Fund. + +[Source](https://www.cnbc.com/2020/11/04/bezos-sells-more-than-3-billion-worth-of-amazon-shares-.html) +Hi All, + +We are with ING (variable at 2.65)and and my partners workplace doesn’t offer paid parental leave. Are there options to allow us to defer repayments on our loan other than claiming financial hardship? +We do have some savings but rather not exhaust it all and lose that security. + + +Our plan is our savings seeing us through until my partner is back at work, I’m asking for others experience in this situation or others that know what banks can offer, what other options may be open. + +Mortgage not morgue… Thanks auto correct, now a lot of comments now make sense! +https://www.domain.com.au/news/coogee-apartment-sells-200000-above-reserve-to-local-investors-for-1-3-million-836818/?utm_campaign=strap-masthead&utm_source=smh&utm_medium=link&utm_content=pos5&ref=pos1 + +These two caught my attention: + +> In Sydney’s inner west, a three-bedroom terrace on 3 Myrtle Street in Stanmore sold to a young family of first-home buyers. +> +> Bidding opened at $1.4 million, rising quickly in $10,000 increments before **the hammer fell at $1.52 million – selling $20,000 above reserve.** +> +> Selling agent Blake Lowry of Belle Property Annandale said it was a strong result despite many similar properties passing in on Saturday. +> +> “To get three bidders in this market at that pricing level turning up and being active is not as common as it used to be,” he said. +> +> **The investment property incurred a loss of $140,000 for the vendors, who bought at the market’s zenith in May 2017, records show.** The suburb’s median house price is $1,495,000. + +$140,000 lost (plus other buying costs) in 2 years. Ouch. + + + +> +> In Lilyfield, a three-bedroom house at 165 Francis Street was on the market for the first time in five decades. +> +> **It sold for $1,045,000, just $5000 shy of the reduced reserve of $1.05 million even though it earlier passed in at $1.26 million**. + +Am I right in thinking that it passed in at an earlier auction for $1.26m, and they sold yesterday for $1.045m? Double ouch. (At first I was a bit confused by "was on the market for the first time in five decades", but I guess it doesn't technically go on the market unless the reserve is reached/reduced.) +https://www.ft.com/content/0edb7c17-58e6-4ded-acfa-1822440a926c + +> Until now, SoftBank has shrouded the unit in secrecy, declining to say who was in charge of the unit or what its decision-making process was, after the FT revealed that it was the so-called “Nasdaq whale” buying billions of dollars of derivatives on US tech stocks over the summer. +> +> SoftBank said in August that it was planning to invest about $10bn in publicly traded tech stocks as a way to diversify a portfolio that is heavily reliant on shares in Chinese ecommerce group Alibaba.  +> +> But by the end of September, Northstar had purchased nearly $17bn of shares in US tech companies, including $6.3bn in Amazon, $2.2bn in Facebook, $1.8bn in Zoom and $1.4bn in Alphabet.  +> +> It invested another $3.4bn in equity derivatives. The trades included “long call options” — bets on rising stock prices that provide the right to buy stocks at a preset price on future dates — that were worth $4.7bn by the end of September. +> +> It also traded “short call options”, that assume falling stock prices, that SoftBank booked as $1.3bn in liabilities. Northstar also held short future contracts on stock indices, which were valued at minus $697m. +> +> Some of the bearish positions it took were hit as US tech shares rose during the three months to September, resulting in SoftBank booking derivatives losses totalling $2.7bn. The total loss for Northstar reached $3.7bn for the quarter, including $900m in unrealised valuation losses on investments made by the unit.  +TLDR; I’ve recently picked up an interest in trading securities. I made a few mistakes (mentioned below) so would like to hear advice from successful individuals professionally trading securities for a living / greatly supplement income. Where can I look to learn to be efficacious in trading securities? + +FULL POST: + +Background / I have a Comp Sci degree and work as an IT project manager. I was looking for ways to invest my savings and picked up great interest in day &amp;amp;amp;amp; swing trading. I read some online how-to’s and watched so called “gurus”. Clearly, most are fake just selling courses, but some genuine individuals and sites provided good beginner insight. + +Learning / I have the option to work from home few days of the week or shift hours at the office so I used mornings 9-11am to trade through a virtual account for 2 months between Aug - Oct 2019.I had some impressive gains, +60%, but was aware virtual trades are far from indicating real world successes. + +Experience / Lo & behold, I started swing trading with my own $25K since Oct 2019 and have lost $12,600 already. However, I’m now up +$3200 unrealized gains and expect to recoup my losses by Jan-Mar 2020 based on my analysis. + +Issue / Picked up a trading book recently that highlighted my issues in lack of knowledge & strategy : did not use trailing stop order, stop Loss, limits with deltas, OCO, FTO, etc. I have a lot to learn so I’m taking a break from trading otherwise to study and gain knowledge to the benefit of my endeavours. + +Request / I’d like to hear from Canadian day traders who’ve successfully been able to make a living or generate great additional income. How did you start and where are you now? Where can I learn how to efficiently & effectively trade securities? Thank you in advance. + +** — EDIT — ** +- I agree with the sentiment of most responses which suggest day trading is not “investing”. I have investments in the traditional sense in real estate (2 pre cons, 1 sold in 2018) and safe blue chip stocks/index funds etc. My endeavours in day trading arose from interest turned possible passion using funds that are within my means of risk. I will cease my day trading activities if it’s trajectory over the next year present as exercises in futility. Just want to hear from anyone who might have been successful with it. +Sooo quick back story, I’m 25, live in Alberta and I am the classic text book kid who left college after highschool, pursued the oilfield, made pretty decent money for a few years and didn’t save a dime. Fast forward to now and I’ve grown up for the most part as I’ve gone back to school, got employed in an in-demand trade that pays well and settled down with a girlfriend with our first kid on the way. + +Anyway, I want to know what are the best things I can start doing now with my money in smallish increments (1k-5k) to set up for my families future. I have little to no knowledge of the banking or investment systems. + +Basically I want to set realistic goals that can make me money, and provide a comfortable life for myself and family in the next 5-10 years. One thing I did that was right was I never got myself into debt, never financed a big truck or bought any toys. Only ever had 1 credit card. I’m basically starting at zero. +Hey guys, + +I was curious if there is anyone in here that just sells options contracts for a living. How much do you have in your account and how much do you typically try to bring in per week/month. +$O seems rangebound currently on the weekly and RSI is oversold to me. While it is pretty related to the overall stock market like the S&P 500, I felt like taking my chances with a $60P for Oct 21st for $0.70 at 0.25 delta. IV isn’t that high so the credit isn’t massive, but it’s a good stock imo nonetheless. I’d probably only look to roll after reaching 21 DTE if it’s trading below $60/sh. To add, if assigned, it would make a nice addition to my long term dividend portfolio. + + +To get back to the original question, what’s your opinion on selling puts on dividend aristocrats? If assigned do you hold on for the dividend and continue selling covered calls? What I do is roll down and out until I can’t get a credit any longer, take assignment, and then sell covered calls above my adjusted cost basis and roll up and out as long as I can get a credit to keep juicing. My theory is that selling puts on dividend aristocrats helps remove the possibility of the company going to zero and at worst trading sideways. In the meantime I get to collect a juicy dividend, helping me take profits where needed and adding to my overall premium intake. +I started theta strategies with weeklies, thinking they were better for me. Gamma has gotten the best of me for a few weeks so I’m looking to monthlies to lower that. + +I’ve heard of choosing 45-30 day DTE and 0.3 deltas when choosing options to sell. But my question is, how long do you typically hold? Is it until you hit 50% or when you’ve reached say 14 DTE to lower gamma risk. + +Anything else to take into account? +We are in a huge correction. I've been doing the wheel for a while and will get assigned soon. I'm not afraid as I stick to my principles: only selling CSP on stocks I'm willing to hold. However, I'm wondering if there's any other preferable strategy in this current market? + +Edit: My bad this might not be bear markey yet, but still the main question remains +So the scenario is, I placed an offer on a home subject to a 15 day inspection window. I had the inspection done inside the widow and the inspector said “I can’t get into the crawl space, the foundation has shifted and it’s too tight” end of inspection. The seller disclosed there is foundation problems - so this was to be expected and I didn’t immediately respond to the seller asking for repairs to be done as I wasn’t sure what all was needed + +Fast forward a few days I hire a foundation / water mitigation company to come out to quote for repairs (FYI - now we are outside the 15 day inspection window per the contract), they find a guy who can fit in the crawl and he come back up and says “there is lots of black mold and cats living under the crawl. The insulation will need to be ripped out and floor lifted with waterproofing and new insulation installed” + +As stated before, the foundation issue was disclosed, however the mold issue was not - I decide this is too much for me to take on (quote for repairs was 18k and seller was trying to sell “as is”) + +Do I have any right to my $1000 earnest money back? It’s true I decided to walk after the inspection window but the seller never disclosed the mold issue we found...thoughts? +My mom want's to sell me her townhome below market value, but I'm not 100% sure if this is a good idea. She owns the home free and clear (No Mortgage) and has already brought a second house to live in + +She wants to sell the home to me for between $225,000 to $250,000. This is A 3/2 townhome in the Tampa area. A comparable unit in her neighborhood just sold for $275,000, however my mother's house is on the water which may make her home value higher. + +I am a full-time 23 y/o Computer Science college student (will graduate in 6 months), with a full-time tech job making $40,000 a year. Or around $3,000 a month. For my expenses I pay : + +\- $1000 month for Rent/Utilities (My half) + +\- $400-500 Miscellaneous/Fun + +\- I have no savings right now + +\- I have $8500 in Federal student loans that are deferred until 2024. For a 10 year plan I pay $150/mon + +\- Credit Score 680's + +The rest is either used to pay-off debt or put in my Roth Ira. + +I have been doing some research and the mortgage (assuming 250k) would run me $1900-ish a month, including HOA fees, property taxes (she would transfer her homestead exemption to me), Homeowners Insurance, and some utilities. Also, how does a gift of equity work? Would the home price be $300,000 and the equity gift be $50,000 bringing the price to 250k? The research online is a little confusing. + +The home has: + +\- 3 year old new roof + +\- 3 year old new HVAC system + +\- 3 year old new appliances + +\- 5 year old flooring + +\- Recently had an inspection (less than 1 year ago) in which there were only minor problems + +\- Would come partially furnished + +I currently live with my boyfriend of 3 years, I of course would not put him on the mortgage or anything official, but he would be my roommate and is willing to pay $1000 month for expenses/rent. I also have a friend who would be interested in renting one of the rooms out for $500. I could also rent the 3rd bedroom out for extra income, but I'm not sure on that yet. + +My mother (who is a realtor) said she would pay $10,000 for my down payment and cover closing cost. She would also waive realtor fees, although I know we can go through an attorney instead to lower prices as well. + +I'm really hung up on this decision. I know this is a great deal but the monthly payment is daunting. + +Although, I am a bit comforted that my income will increase after I graduate to at least $55,000. + +What do you guys think? +After maxing out my 401k and Roth IRA for many years, I'd like to diversify my investment portfolio and get into real estate by buying my 1st rental property. But since it seems like you need 20-25% down payment on an investment property, I'll need to come up with a lot of cash to fund this. Last year I bought my primary home for around 300k and put 20% down, which ate into most of my liquid savings. It will take me a long time to save up that much again to buy a 2nd property. I have retirement savings (Roth contributions) I can dip into to make it work, but I'd prefer not to go that route. That being said, how does the average person afford to pay 25% down payments for their 1st rental? Do they usually take out a HELOC on their primary residence? Do they partner up with a friend or two and pool their money? Do they not max out their retirement funds and divert their savings to real estate? Especially seems even more crazy to hear people have 5 or 6 rental properties and it makes me wonder how they funded the down payments for all those let alone 1 property. +(CNBC) General Electric shares were lower early Wednesday, a day after news that the industrial conglomerate would be replaced on the Dow Jones industrial average by Walgreens Boots Alliance. + +Now to me, I think this is a good thing. They no longer have to worry about keeping a track record of being a Dow company. They can breathe and fix themselves. Without needing to please others, which they should have been doing all along. And I think they have already begun based on the most recent interview with the CEO. + +Also, this is a perfect example as to why short-term news doesn't matter. Let's think about this. Does begin dropped from the DOW affect GE's operating business at all? No. Will it have an impact on the operating performance of the future? No. + +But I get it. Everyone would rather be a part of the club than being kicked out of it. But this has no effect on GE's business so to me it's all just noise. + +If it drops low enough, there might be even more opportunity. What do you think? +https://youtu.be/SVf_phQO7Z8 see 7:05 mark + +Ok so if you go back to congressional hearing he looked scared, if you go look at different interviews with msm he looked confident. Here he looks sad, scared, tired, confused, and unwell. + +This was obviously prerecorded, he hit some good points to win the hearts and minds about education, kids, Chicago history. + +From a lightly trained ape I see some issues. He has no clue what he’s reading, he hasn’t reviewed it. He looks shook, maybe missing some sleep. I showed this to some apes and they said what’s his angle he doesn’t do anything for nothing. My counter was he can’t ignore an award especially if it’s a prerecorded message written by his or person. He had to “show up” or cause some concerns. He likely had to do this fo save face and keep the sharks at bay. + +I don’t think ken is a master liar, I think he lacks the poker face and determination to lie and keep the lie. +From what I understand, my \~$50 collateral can net me almost 100% from premiums, with little risk. Am I missing something? Is there a reason no one is buying these dollar contracts? + +https://preview.redd.it/ibvainylnpx31.png?width=1080&format=png&auto=webp&s=2c0da582950c9252c895564bd13dc62b6d96b98c +GME - Good Morning Apes (I am in the Eastern Time Zone), + +Last week, I bought 3 Tesla shares (you can find that post in my history as I am too retarded and can't seem to be able to add the link to the post) just do entertain you retards that are too busy flinging feces around when you have too much time in your hand. At the same time, I also wanted to add a wrinkle to my brain as it's still too smooth. I wanted to see how the dividend is being handled by my broker for two different stocks that declared a very similar stock split in the form of a dividend. Here you go. + +[This is my transaction record for my GME dividend](https://preview.redd.it/s6md7k7neuk91.jpg?width=727&format=pjpg&auto=webp&s=cdffce72dfc837758cfba2f48a632a911c7a6961) + +&#x200B; + +[This is my transaction record for my Tesla dividend](https://preview.redd.it/sgl0razseuk91.jpg?width=727&format=pjpg&auto=webp&s=9cffa49a2bea7a915c32b7323599c7dd2155a7c1) + +&#x200B; + +[This is my transaction record when I filtered my dividend payment history](https://preview.redd.it/ty3rl0e1fuk91.jpg?width=1611&format=pjpg&auto=webp&s=304e60370ca010161d9c1b434f41acb0670282af) + +&#x200B; + +[This is the GME \\"Corporate Action Notice\\" that my broker received from CDS, The Canadian version of the DTCC.](https://preview.redd.it/w8hzv56efuk91.jpg?width=1600&format=pjpg&auto=webp&s=f515799ad187dd96ac173147c705bb0f83646235) + +Missing: The Tesla "Corporate Action Notice". + +Now that I received my Tesla dividend, I will request the notice and hopefully I can update as soon as I can. + +Currently, I am not claiming that this is processed correctly or incorrectly as my brain is smooth AF. I am just providing data in my account based on what I have. I am not smart enough to make the call on the Dividend vs Split argument, nor am I trying to pretend to be smarter than I am. I'll let a more wrinkle brain use my data to make the argument for or against once I get the Tesla Corporate Action Notice. At this point, I don't want to make any conclusion until then. + +&#x200B; + +Now you can go back to the banana tree and fling whatever you want. Cheers ape. +**Important Edit:** This study summarized here was misinterpreted by me and others. Please see the following post for a correct interpretation of moving from S&P 600 to S&P 400: [https://www.reddit.com/r/Superstonk/comments/ox9ogs/actual\_price\_impact\_of\_moving\_from\_sp\_smallcap/](https://www.reddit.com/r/Superstonk/comments/ox9ogs/actual_price_impact_of_moving_from_sp_smallcap/) + +Most of you have probably already read that GME will be moving from the S&P small cap 600 to the S&P mid cap 400 before trading on Aug. 4. [https://www.marketwatch.com/story/gxo-logistics-victoria-s-secret-and-gamestop-to-join-s-p-midcap-400-271627422272](https://www.marketwatch.com/story/gxo-logistics-victoria-s-secret-and-gamestop-to-join-s-p-midcap-400-271627422272) + +The logical question is: WUT MEAN? + +Well, I've highlighted some conclusions from a preliminary academic report out of Texas A&M ([https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.522.7114&rep=rep1&type=pdf](https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.522.7114&rep=rep1&type=pdf)). + +&#x200B; + +https://preview.redd.it/ml97oi62wtd71.png?width=526&format=png&auto=webp&s=0cc39ca24e5027b620bf8488f7c8851d20817e2f + +So.....positive price response the day after announcement (TOMORROW), and additional movement in same direction through implementation (EVERY DAY FROM NOW UNTIL AUG 4). After Aug. 4 (when GME joins mid cap 400), we may see some pullback, but even after 10 days overall price increase will be evident from the promotion to S&P mid cap 400. + +Hopefully we see some green days ahead from this, maybe trigger some FOMO, and maybe get a boost from an announcement of some sort. Either way, this should bring back some volume and my tatas are jacked. + +edit1: effing typo + +edit2: Yes, good news for GME usually does result in a price drop. We may get a tasty dip since GME tends to defy every other stock in the history of the stock market. There are going to be entire theses and dissertations written on this stock. +First, don't debate me on whether paid PR manipulation exists or not. Of course it does, as has been proved many times before. I've even received offers to become a paid troll myself. No thanks to any recruiters who are reading this. + +Not only do private companies engage in it, but governments engage in it too. We have even seen their playbook, which includes tactics such as disrupting conversation and consensus by any means necessary (personal insults are a great way to do this), soft trolling (appearing to be a supporter while also sowing as much doubt as possible), and a handful of other tricks and tactics. + +They're not even hiding it either. We don't have multi-year accounts doing this shit, it's predominantly accounts that are a few months old with about 100 comment karma and only a handful of link karma. Case in point: /u/datcointho who got over 300 upvotes on a recent troll topic. + +Since I have become an outspoken bitcoin supporter, a legion of trolls has been following me around Reddit, trying to make up false details of my personal life (that my wife left me or I'm 5'2"... When neither of those is remotely true, and so what if they were) and attacking all my posts relentlessly. They engage in character assassination as a detterent, hoping you will give up or at least engage them... Anything so that your attention is diverted from the target asset. Any comment I see made about a positive future for bitcoin is met with downvotes, skepticism, and sometimes outright hostility. + +This is a problem. + +Is there no solution? A private bitcoin board would be nice, but I'm worried about them succeeding in exactly what they want: promoting fear and scaring off new users. Showing that only idiots and fools use bitcoin. **Discrediting the asset that scares them so badly.** (Or more accurately, discrediting the asset that their employers are scared of) + +The bitcoin subreddit should be a bastion that welcomes new users, not a hive of negativity. Has it always been this way? What happens to the trolls when the price hits it's next leg up? Or do they just troll harder? + +This problem will not go away. It will only get worse. Mods, do you have any ideas or a plan? Because at the moment, the trolls are succeeding in downvoting any relevant and solid topics and promoting only those that serve to discredit bitcoin. They are harassing users, and interfering with any actual discussion (their intended goal). As long as the community is not able to discuss bitcoin productively and maintain a positive attitude, they will count themselves successful. +This is a response to a post I read here the other day where someone said they had became so obsessed with their finances, and working overtime, that they no longer found joy in any of their hobbies. + +While it is obviously important to be fiscal, have an emergency fund, and save for your retirement, don't let that be the only thing you focus on in your life. Often entertainment budgets are discussed here in the context of entertainment being healthy, or inevitable, and I myself will often avoid going out of spending my entertainment budget to save more, or save up for something. + +One thing I started doing about four years ago that I never avoid is my "H-Fund." + +My H-Fund is a transaction that happens once a month where approximately (2) hours of my hourly worth is sent to an "adopted" brother of mine who lives in a third world country where the average annual lower middle class income is about $1,500. + +When we were kids he came to stay with our family for a period of several years, and then came back to stay with again for a few more years. He is now an adult and living in his home country, and doing very well for himself. He works, has a degree, a girlfriend that he wants to marry, and a life he is starting even though he is older than me by several years. + +And, I am single-handedly giving him ($300 less than) an average salary on the side. + +Using rough math this breaks down to about 6 minutes of my day, per 5 day work week. Every single day I block off a 6 minute span on my calendar in Outlook, and during that time I do whatever I want. I listen to music, I dance, I play a game on my phone. I don't work. For 6 minutes every day (probably more) I don't do any work, and I just make money, and I then send that money to my brother. + +This gives me a great deal of satisfaction. + +I never miss a payment into my H-Fund, and I'll avoid going out in order to save for it. It makes it real easy for me to skip a night at the bar, or skip a dinner with friends if I've been over spending because I know I have another ding. + +In my head each month I start off $100 in the negative. I don't have an official line item in my budget for my H-Fund, it just has to get paid every month. Either food, entertainment, or something else has to give, or I have to make a little extra money and hustle... which I do too much of. + +Anyway, do good works with your money within reason. You don't need to be Bill Gates to have a huge impact in this world. This isn't hard for me to do, so I'm not saying you should do something similar. Volunteer at a soup kitchen. Just do something to use your time/money to help others. It feels good, and makes it easier to keep yourself on budget. + +Just pick a number and start off in the red. + +edit: Grammar + +re-edit: To head the witch hunt off at the pass, I am a salaried employee that is often expected to work long hours without overtime. Some weeks I work 100 hours, some weeks I work 80, and some weeks I work 20. My average is probably around 45 to 55 per week, and my position is entirely performance based. My boss is not only aware of this bloc on my calendar (because he can see it,) but could not care less about how I choose to spend my time as long as the job gets done. I could come back from lunch drunk off my ass and the only thing I expect him to ask me is if I need a ride home (probably, never tried it.) Replacing me would require him to hire a minimum of (2) others to meet the responsibilities. The idea that I'm stealing anything is laughable, but I do personally think of it as theft and that's what makes it so much fun. + +What I'm trying to say is... I have fun doing it, and what I get out of it exceeds the $100/month that I spend. I want my brother to know that in his heart, because I'll not let him feel any shame for accepting money that he doesn't actually need. Except he does need it, because I know where he lives, and I know what goes on there, and I know what a massive huge opportunity I am providing for him in terms of the ability to purchase land, start a business, put himself through school, and to raise / educate children. All of that for six minutes. If you feel guilty about "stealing" six minutes from your boss having a dance party in your office then work during that time and work harder than you normally work the rest of your day. + +Oh, and when someone requests a meeting during that time, I reschedule the 6 minutes to another time during the day, I don't ask them to reschedule their meeting. I would have thought most of this was implied in the original post given the salary range, but apparently not. This is all a very highly calculated and conscious decision because I am aware of the immeasurable difference in his quality of life, which is not a trivial thing... however to normalize and make it easier to ignore (for him) I've turned it into a game. Thank you for any criticism you have about these "mental gymnastics," but really that was not the point I was trying to make here. + +Sometimes I send send him videos that are 6 minutes long of me headbanging at the office, or practicing my putting. Yes, we have a putting green at work. +Hey everyone, +as the title states my wife was having severe stomach pain and went to the local emergency services center (National Medical processionals is who runs the place FYI) (not emergency room at a hospital) + +The first thing she did was have them look at our insurance policy and make 100% sure everything would be covered. + +After reviewing the policy the Dr. who was attending told her that yes everything was in network and would be covered by our blue cross insurance policy. + +Fast forward about 2 weeks, we receive a check from our insurance policy for about $9100 to give to the emergency services place for her care. + +I delivered the check and everything seemed fine until yesterday we received a bill from National Medical Professionals stating that because our insurance didn't cover the physician eval we owe'd them about $2500. + +Today we called our insurance provider, Blue cross/shield, and asked for the break down and what we were told is that the 9k check was for the facilities and the services provided but the 2500 was not paid by insurance because though the facility was in network the Dr. was not. + +Does the community have any advice, have we missed something we should try, or is this just lesson learned and we have to bite the $2500 bullet on this one? + +Thanks everyone! + +Also my wife is fine and in great health. :) +I recently got my pilot’s license. Still far from far fire but I’ve thought my way into a pickle. My intuition is this is a bad idea but here it goes… + +Background + +29 years old NW approx $1.7mm + +Breakdown approx $700k liquid, $300k in real estate investments, $100k buried in the stock market forever, $300k equity in house. $350k accounts receivable. + + +This has been my best year. As of now I made about $1,500,000 this year in take home. I’m able to defer $500k to next year where I plan to purchase some more real estate and try to get as much depreciation as possible. Meanwhile, I have probably $250k in expenses + depreciation against the remaining $1mm. That makes my net income approx. $750k. My income is relatively stable and will be similar within a 25% margin the next two years. + +I just got my pilot license. I plan to use my newfound ability to fly clients and travel for work more than 50% of the time. + +I am playing with the idea of buying a cheap plane. Only now I’m looking down the barrel of a $300k tax payment at 40% bracket state + federal. I’m considering buying a $500k plane instead. This is a lot more than I’d like to spend. However, i can’t help thinking if I can write the whole purchase price off this year and hold it for five that’s effectively $200k off a plane that would otherwise be going to the tax man. + +Am I thinking about this wrong? It seems ridiculous to spend that chunk of my net worth on basically a toy but either I write the check to buy an asset or I give it to the government, right? + +Please don’t flame me. Just looking for reasonable advice +It doesn't really seems to make sense for me. The end is still nowhere in sight, US has JUST started suffering the big consequences, there's no vaccine or cure in place and we even don't understand the virus,, infections keep rising, asia is entering a second wave, lots of companies are still on lockdown generating a loss... + +&#x200B; + +So what's driving this? Just people being over optimistic? Funds believing we have touched bottom and buying on the sale? I would have expected the volatility to keep going on for a few more months (and maybe it's still there if the market goes down again this week) +This sub is full of advice - some great; some not so great. + +Would love to hear your experience, preferably if it wasn't the best advice to follow in hindsight. +[Here is the video for those that didn't see it.](https://youtu.be/Yq4jdShG_PU) + +Remember this for any sneeze attempts. If the price isn't in at least the thousands (plural so $2,000+) the squeeze hasn't even begun. + +Also remember that Peterffy is part of the system, and is likely pushing price anchors by stating "thousands". To me the MOASS hasn't begun until $150,000, and even then I'll still be suspicious of a rug pull. $100,000,000 is the trampoline we should be playing on. + +Edit, it has been pointed out to me that in refuting price anchoring I have set new price anchors. I agree with this sentiment because the price could go to infinity. +[Here is the video for those that didn't see it.](https://youtu.be/Yq4jdShG_PU) + +Remember this for any sneeze attempts. If the price isn't in at least the thousands (plural so $2,000+) the squeeze hasn't even begun. + +Also remember that Peterffy is part of the system, and is likely pushing price anchors by stating "thousands". To me the MOASS hasn't begun until $150,000, and even then I'll still be suspicious of a rug pull. $100,000,000 is the trampoline we should be playing on. + +Edit, it has been pointed out to me that in refuting price anchoring I have set new price anchors. I agree with this sentiment because the price could go to infinity. + Enjoy the TASTE 👅 + +A static liquidity protocol with a purpose. + +Listed on CoinMarketCap today: [https://coinmarketcap.com/currencies/tastenft/](https://coinmarketcap.com/currencies/tastenft/) + +We're giving away 100 BILLION $Taste tokens to $TASTE holders every 3 days. + +Giveaway details can be found on our Telegram channel ([https://t.me/TasteNFT](https://t.me/TasteNFT)), just join and type /ga\_rules into the chat for more info. + +&#x200B; + +➡️ Website: [https://tastenfts.com](https://tastenfts.com/) + +➡️ Telegram: [https://t.me/TasteNFT](https://t.me/TasteNFT) + +➡️ Twitter: [https://twitter.com/TasteNFT](https://twitter.com/TasteNFT) + +➡️ CoinMarketCap: [https://coinmarketcap.com/currencies/tastenft/](https://coinmarketcap.com/currencies/tastenft/) + +➡️ Coingecko: [https://www.coingecko.com/en/coins/tastenft](https://www.coingecko.com/en/coins/tastenft) + +➡️ TasteNFT Creators Announcement video: [https://streamable.com/xo9egh](https://streamable.com/xo9egh) + +➡️ TasteNFT Marketplace Sneak Peek video: [https://streamable.com/lu9fvx](https://streamable.com/lu9fvx) + +&#x200B; + +Meet the dev team in our weekly held videostream AMA's and learn about exciting upcoming news live, you can also watch the recap of the latest video AMA via this link: [https://www.youtube.com/watch?v=TBd6y-4uOJc](https://www.youtube.com/watch?v=TBd6y-4uOJc) + +&#x200B; + +🏅 Achievements since launch: + +\- 16500 HOLDERS + +\- 6000 TG MEMBERS + +\- MARKET CAP RECORD 20 MILLION USD + +\- LISTED ON COINMARKETCAP + +\- LISTED ON COINGECKO + +\- PAID AUDITS by CERTIK & TECHRATE + +\- LOGOs on PancakeSwap, PooCoin and TrustWallet 12 HOURS after RELEASE + +\- LISTED ON COINSBIT CEX after 4 DAYS + +\- #1 TRENDING on COINHUNT + +\- #4 TRENDING on STOCKTWITS above NVIDIA & GAMESTOP + +&#x200B; + +&#x200B; + +💳 Contract: 0xdb238123939637d65a03e4b2b485650b4f9d91cb + +💵 Buy on Pancake v2: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb) + +🔒 Liquidity locked for 5 Years: [https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC) + +&#x200B; + +&#x200B; + +💎 ROADMAP 2021: + +✅ Paid CertiK audit done ([https://www.certik.org/projects/taste](https://www.certik.org/projects/taste)) + +✅ Paid TechRate audit done ([https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf)) + +✅ CoinMarketCap Listing done + +✅ CoinGecko Listing done + +✅ Coinsbit Listing done + +✅ Logo on PancakeSwap done + +✅ Logo on Trust Wallet done + +✅ Logo on Poo done + +✅ Website renewed + +✅ First exclusive NFT airdrop for Nude Art completed + +✅ Twitter giveaways with influencers (3 done, more to come) + +✅ Announced first contracted content creators for the NFT marketplace + +Upcoming: + +🟢 NFT Marketplace release (in progress, ETA end of June 21) + +🟢 iOS/Android Application to interact with the NFT marketplace (in progress) + +🟢 [Gate.io](https://gate.io/) listing (in progress) + +🟢 Cooperation with Crypto YouTubers (in progress) + +🟢 Cooperation with Crypto TikTokers (in progress) + +🟢 Cooperation with Crypto Instagrammers (in progress) + +&#x200B; + +&#x200B; + +✍️ TOKENOMICS: + +SUPPLY 1 Quadrillion TASTE tokens + +BURN We burned 300 Trillion tokens before Presale + +TAXES 10% tax on all transactions with a redistribution of 5% to all holders and 5% towards liquidity + +MARKETING 52 Trillion tokens have been allocated towards Marketing and locked before Presale. 10% are released per week. + +PANKCAKESWAP LP Locked for 5 years ([https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC)) + +&#x200B; + +&#x200B; + +Join us and don't miss this opportunity for massive gains. + +Non financial advice and DYOR! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Fellow investors, that's right, since most people in this sub (or at least those who post regularly) seem to have been benefiting from the Lithium or Uranium rallies recently I figure we upgrade our opinion of ourselves from degenerate gambler to stock connoisseur. Congratulations on your new found status. Your local KFC might let you eat in-store now rather than forcing you through the drive thru. + +I imagine picking stocks is a lot like watching a magic trick. We notice all the magical glory of the trick but don't notice the skill and mastery that went in to perfecting it. Recently there have been two great magic shows incorporating a flash of lithium or the green glow of uranium. Both have been backed by strong thesis and conviction. + +While we are distracted by this performance (and awaiting a suitable pull back) the smart investors are looking at the next opportunity. If you're hoping this is the part where I tell you what that is, then I'm sorry to have led you on. I've been trying so hard to grow a wrinkle in my brain that my wife's boyfriend is afraid I'm going to shit the bed. + +However I've been feeling recently that oil and gas might be shaping as the next opportunity. Reasons why: +- Price and volume has been retreating the last few months and I suspect part of the reason is people freeing up capital to jump into lithium/uranium. There has also been increased pressure on major players to stop supporting the industry. +- However there is still a short to medium term need for these commodities +- There has been increased volume on IVZ the last few days +- I've noticed the buy side of demand increasing on TPD +- BRK and SHE both up today with Jewell coming online. + +It feels like oil and gas could be building, but I really don't know anything. I'd like to invite those more knowledgeable than me to provide their comments below. Do you agree or disagree? What are the lead indicators you use to track commodity cycles? Please share your wisdom. 🙏 +I'm currently enjoying the dizzying growth of HZR and am looking for more stock to throw my cash at. I've gone in on IPL as they can make ammonia and FMG as an iron ore producer looking at hydrogen as a fuel source. Are there any other hydrogen rich stocks I should be looking at? + + +&#x200B; + +Andrew Forrest is going all in on Hydrogen + +[https://www.abc.net.au/news/2021-01-22/boyer-lecture-andrew-twiggy-forrest-green-hydrogen-climate/13077070](https://www.abc.net.au/news/2021-01-22/boyer-lecture-andrew-twiggy-forrest-green-hydrogen-climate/13077070) + +&#x200B; + +Queensland is going all in on Hydrogen + +[https://www.abc.net.au/news/2020-11-14/why-has-palaszczuk-created-a-department-of-hydrogen/12877426](https://www.abc.net.au/news/2020-11-14/why-has-palaszczuk-created-a-department-of-hydrogen/12877426) +Report is out boys, they snuck it through after closing. + + +Can one of you bookworms read it and tell me if I should go lambo shopping or fake my death over the weekend? + + +[Appendix 4E and Annual Report](https://www.asx.com.au/asxpdf/20200828/pdf/44m296l7n3299m.pdf) + + +[Appendix 4G and Corporate Governance Statement](https://www.asx.com.au/asxpdf/20200828/pdf/44m28hcmfwm7vb.pdf) +I like finding companies that can make a change to the future. Stumbled across Clearvue Technology $CPV. + +In a summary, they are a world first solar glass company. They have solar technology that is placed into Windows for building. + +They have just constructed a world first Greenhouse, powered by their solar Windows. + +https://www.google.com/amp/s/themarketherald.com.au/clearvue-technologies-asxcpv-advances-world-first-clear-solar-glass-greenhouse-2021-01-14/amp/ + + +Share price has jumped today after this announcement. Definetly a long term investment. + +What are everyone's thoughts on this? +Imma spruike tf out of this red-hot gdamn stock. + +It’s Nanollose Limited, they make t-shirt’s out of yeast. Yeasty T’s. They don’t use plants, they don’t use alpacas, they make fabric out of waste products, yes. [Here’s a picture of a shirt they made.](https://i.imgur.com/MLbNWjB.png). It’s aight. + +> “Unlike conventional rayon, Nanollose’s sustainable Tree-Free Rayon is derived using microbes that convert waste products into microbial cellulose, in a process that takes less than one month and requires very little land, water or energy. The microbial cellulose is then converted into rayon fibres using the Nanollose technology, which is compatible with existing industry processing and manufacturing equipment.” + +**TL;DR: they make fabric that is just as good, extremely eco-friendly, and works with the machinery everyone has for the normal stuff. What more could you ask for?** + +*I got more.* + +Last year, this company went in with the Codi group, yes, the wet wipe company. **Yes, that’s right, you can invest in eco-friendly moist towelettes and you fucking haven’t yet.** + +Aight, some technical shit. + +THE SOI is ~120mil and tightly held. The directors have a substantial holding and they ain’t selling. The current market cap is ~7mil. The share price is ~7c. + +That means, if you don’t know, that if there is a hint of revenue, every million the market cap rises is a cent in your pocket. If the market’s sentiment is that this is a 50mil company, then the share price is 50c, and with the illiquid tightly held SOI, that can happen in an instant. + +**A hint of revenue and this thing will fly high.** + +The directors are being paid pennies rn, the company is just building and building and still hiding a little from the big COVID spank but they’re coming back and things are looking good. + + +[Here’s the latest webinar if you’re fucking bored.](https://vimeo.com/450937777) We’re talking scalable, global, and multi-billion dollar industries. We got premium shit for this zeitgeist, yeasty-T’s mf’ers + + +AND Today, they out did themselves. + +They bought 20% of an Australian company that makes cloth filters for facemasks that is measurably amazing at stopping viruses but ++ on breathability. You don't have to imagine owning shares in a company that sells eco-friendly PPE to hospitals, you can literally do it rn today do not hesitate you have 40 minutes left + +Buy. BUY. BUY. Fuckin BUY +How the fucking fuck do you do your capital gains tax? (CGT) I made over 200 trades last financial year (starting from march :P ) +I made an overall loss and i can calculate that but it seems to want to know the details of EVERY bloody trade I did. + +Do i have to put them all in manually? Is there an easier way? Can't I just put in my overall loss/gain? + +I am with Commsec if that helps. I dont have an accountant if that helps. I also made a huge fucking loss for the year... if that helps. +Many of you will recall this DD https://www.reddit.com/r/ASX_Bets/comments/ls2oym/why_is_exr_going_to_make_me_a_millionaire_because/?utm_source=share&utm_medium=ios_app&utm_name=iossmf of EXR and the subsequent follow up posts on the paper gains by the original poster. + +At the time I remember being disappointed in myself because I set a .20 buy price that was never reached, instead it lit up like a rocket and went towards the stratosphere pretty quickly. + +I did however decide to stop making money losing decisions and jumping on meme stocks so I set myself an alarm for when it reached the original price that DD was done at, which was yesterday if I recall. + +Given that it’s price has obviously both rocketed and tumbled substantially since the DD, what are people thoughts on what it’s value is now? Is it still going to make DDs Op a millionaire and it’s just oversold temporarily or has the prospects of it like so many other energy companies just turned to complete shit? +They can shut us down if they want. They are most likely being told to do this bs to us by another entity (fidelity? I can't say for sure) and they can either listen to them, or go against them, open their eyes and see that we are not brigading. If they go with option 1, I'm 99% certain the MAJORITY of us and other people won't be using reddit post squeeze, especially after everyone finds out how reddit admins have treated us and shut down the sub for no reason whatsoever to protect criminal billionaires. I'd imagine reddit IPO will be Robinhood 2.0 and a new reddit will be reborn. +I see lots of comments regarding edge, many which revolve around how true traders won't share their edge because it could be countered, or something to that affect. + +True edge, is understanding how the market works. Understanding what makes buyers eager, or sellers step in. Understanding why buyers enter at certain levels and when sellers give up. Understanding why selling continues lower than the previous low. + +Being aware of market participants and what they are looking to do. A Goldman Sachs trader may be tasked with selling 5000 contracts of ES in one day. So that's what they're going to do. But he'll want to get those at good prices. So they may let price trade up, as more traders step in to buy, an uptrend is generating. And at some point the Goldman Sachs trader will see *value* in selling at these levels. And he may hit the market in one order, which may well push price down. Or he may incrementally sell, in large lots, which results in little downwards pullbacks, each time he waits longer for the upturned to continue before entering large orders, each time getting slightly better prices for his lots. + +Conversely, the market could be in a downtrend, other large participants are already selling, and price is falling. Market makers may be hedging due to option activity. So he's forced to enter his lots near the the bottom, without the time to wait for prices to retrace to a higher level for better prices. This results in further explosive downwards momentum as anyone looking to sell is worried they may not get a better price that day. + +Being able to identify what is happening in the market, and the interaction between buyers and sellers is **true edge**. *And it cannot be countered or eroded* because buying and selling in the market will **always look the same**. The market is a facility to introduce buyers with sellers, and buyers buy when price looks below value; and sellers sell when price looks above value. The rest are just speculators and algorithms. + +An edge, is not a secret formula. It's not a single candlestick pattern. It's not magical trick which will result in winning trades. There are backtested statistical advantages, which you may observe and be able to capitalise on, but learning what drives the market, what influences the market and how to identify when buyers or sellers are entering the market is your true edge. + +Market mechanics can absolutely be learnt and taught. Don't listen to anyone who thinks that *true traders don't teach anything because they have some secret formula which they cannot divulge*. It's not true. There's no secret. There is just time spent *learning to read the market and identify mechanics*. +I am curious if anyone has pursued something similar. Am a bilingual CDN. Wife is dual CDN/US. We love traveling to Monaco and are considering splitting our time between there and either Nova Scotia or Toronto. Not asking for help per se, we have contacts who can assist with the transition. We would instead love to hear from anyone who has made a similar change or balances their time between North America and Europe. The wife and I were big travelers before COVID, usually to escape the chillier Canada winters. Regrets? Cautionary tales? +If mortgage rates continue to rise then at some point it will become sensible to overpay your mortgage (locking in a guaranteed rate for your cash) rather than investing (in, say, some global equities tracker). + +Over the last few years I have not overpaid on my mortgage as it has been such a cheap loan to have. As a 26M, I haven't experienced a higher rates environment as an adult so am keen to hear how others think/approach the above. Currently I'm thinking of splitting the spare cash I have across the two options (say 20% to overpay mortgage and 80% to stocks). + +For arguments sake, let's say you have a mortgage at 3.5% and can expect 6% back (on average) from your favourite equities tracker fund. + +Thanks! +I’ve been working at the company for a little over a year. I moved to a different city and my manager asked me to work remote. It’s been three months of remote working and my manager is getting flack and told me the company wants me to become 1099. + +I’ll be losing overtime rate, 30days pto/paid holidays and lose all medical/dental/eye/life/long term disability insurance. + +I’m thinking about asking 1.5x my current hourly rate to offset all the lost benefits and lost overtime rate. + +If they do not agree to my 1099 rate and let me go, can I collect unemployment, in Texas? + +All my manager said is I’m remote and some people do not like the idea. He even said if I left they would be screwed because no one else is doing my job and he hasn’t been able to find someone competent enough to do what I do. It’ll take him over three months to train someone full time and it took me only one day of training. + +I will have to purchase over $3,000 of equipment and software if I go 1099 because I read you’re suppose to use your own equipment and not the company’s stuff. Will I run into any issues if I got switch to 1099? + +Is 1.5x my current hourly a good rate to ask for? +Well that was gross... Bill Maher did a crypto segment at the end of his show tonight full of misinformation and quotes that were disproven months and years ago. + +Worst part is he compared it to the housing crisis which is the centralization we're all trying to move away from. + +I usually like Bill Maher's show, but he can fuck off tonight. He doesn't have to like crypto, we're happy owning his share + +Edit: adding clip link +https://youtu.be/HaJpYjO136o +When I first heard of Bitcoin, I was very interested. I'd been working for a large, very well-known company, and I immediately saw practical use cases for Bitcoin, but I knew that it had a long way to go before it would get to that point. I knew they would laugh at Bitcoin. + +Bitcoin made me wealthy, but I was doing well before Bitcoin. For me it was a philosophical search for something better than our current system. Something better than what the for-profit bankers had concocted. I saw how the rich siphoned money from the poor because the poor had no other choices. The rich rule this world. + +Over the years, Bitcoin has morphed into something else - digital gold - which is fine by me. Bitcoin is solid. Bitcoin is strong. Bitcoin isn't going away. But Bitcoin is not very experimental. + +Ethereum came along, and I was again intrigued. But yet again, I knew it had a long way to go. + +Still, I envisioned this massive network of nearly instantaneous payments that connected every business to every person. I envisioned a B2B, P2P, crowdfunding, and point-of-sale network that was massive, worldwide, and connected. I envisioned an open-source, transparent network. I envisioned the inevitable future of commerce. + +The Request Network is what I envisioned. + +[REQ Map](https://www.mindmeister.com/991002501?t=R1iofDilV0) + +But this isn't about making money. We all may make money, but that isn't the reason we are doing this. We are doing this to bring the whole world a new system. A system devoid of the predatory bankers and middlemen. A system where John in Africa is on the same playing field as Dave in Chicago. + +We are here to disrupt. We are here to fight the powers that rule this world - the powers that are slowly destroying this planet in the name of profit. + +Ethereum and Request are the just the first steps. Go out there and use your cryptos. Spend them. Trade them. Make these bankers take note. This is a revolution. + + + + +Disclaimer: I own BTC, ETH, REQ, and QSP +https://www.bloomberg.com/news/articles/2017-07-08/u-s-squeezes-steel-concessions-from-g-20-after-tariff-threat + +How does this affect producers and the materials sector in general? I think we see an initial pop that fizzles out because I'm sure there will be problems with implementation. Steel producers have been crushed and there has been pretty huge oversupply out of China, so this is actually pretty big news and one of the first definitive wins for the administration. +I watch George Gammon, and others who explain finance, macro, the CPI and the economy. + +I just saw this in a Capitalist Exploits' email [https://imgur.com/a/v3e0W6C](https://imgur.com/a/v3e0W6C). + +I see that many things cost more, and have heard shady things about the Fed. + +I don't get what causes inflation. What's the mechanism? Does someone or some groups set prices of goods and services? Who/what makes corn or flour or soy or whatever cost more? +Setting everything up was so easy, I used myetherwallet and Coinbase and had no issues or wait times. Just wanted to share how happy and excited I am! +"It can't go any lower." Never make such an assumption. A bad company can and will go lower. + +"How much higher can it go?" Selling too early just because a stock goes up. + +"They always come back" Don't assume a stock price will rebound, look at the fundamentals not the price. + +"How much can I lose?" A cheap stock price doesn't = a good value. You can lose % at any price. + +"It's always darkest before dawn." It's a terrible business but it's down 80%! Buy at a discount? no, it still has room to drop. + +"I will sell after rebound" Buy at $10, it falls to $6, and you think "If it goes back to $10 I'll sell. Well if you think that you should buy more! A key to remember, the stock doesn't know you own it. It may never get to $10 again as well. Don't take it personal. Make decisions based on fundamentals. + +"Don't worry, I own conservative stocks" (utilities...) + +"Look at the money I lost because I didn't buy" FOMO? Hundreds of stocks go up double digits. Don't worry about other stocks. Focus on ones you know. You can't lose money on a stock you don't own. + +"Stock is up I must be right / Stock is down I must be wrong." Stocks go up and down a lot each year. The ups and downs don't mean much in the short term. + +Avoid longshots. Investing based on rumors, comments, anything other than sound financial analysis and valuation. + +Peter Lynch worked at Fidelity and is has great wisdom. +https://finance.yahoo.com/news/amazon-air-fedex-ups-181853630.html + +Now could be the best time for Amazon (AMZN) to dramatically increase the size of its air fleet. That’s according to Bank of America analyst Justin Post, who sees the depressed price of aircraft, coupled with the massive increase in demand for delivery services spurred by the coronavirus pandemic, as a golden opportunity for the ecommerce giant to pump cash into its Amazon Air division. + +And while that would help Amazon increase its one-day shipping capabilities, it could also give it the firepower it needs to solidify its nascent third-party delivery business as a true competitor to the likes of FedEx (FDX) and UPS (UPS). +On February 19, 2021 Spotify shares closed at a record high of $364.59. The company's market cap was north of $69 billion. + +Today, the stock is trading below $80 a share, down roughly 70% in 2022 and off nearly 80% from that record close. Its current market cap? $15 billion. + +After a disastrous 2022 for investors, Spotify's dive into podcasting raises key questions about the company at large: + +- Does the business model work +- How long until sustained profitability? +- Is the streaming service losing core appeal for the younger audiences, who are the most avid music consumers? +- Has its CEO lost credibility with investors? + +The answers to these questions hold the key to whether Spotify can mount a turnaround in the eyes of investors in the years ahead. + +Full article: https://finance.yahoo.com/news/spotify-stock-2022-decline-what-happens-next-133312247.html +Just curious what peoples predictions are for tech salaries going forwards (10+ years) after reading the post yesterday about Australian salaries. + +Having graduated into the peak of the WA mining boom, I've experienced first hand what happens as demand drops while supply of workers catches up. + +Is it possible for something similar to happen to the tech industry here? + +I'm an outsider who flirts with the idea of trying to break into tech in WA, so really just looking for someone to tell me I'm better off sticking with my 90k government job /s + +Thanks. +1. why is volatility expressed as standard deviation of some average? i would express it simply as the average move of price during some period (either average true range, or average rate of change) +2. what is sharpe ratio how do you perceive it? they say it is the ratio of return compared to risk, but i generally perceive it as ratio of how much volatility is able the strategy utilize for return. +Hello All, + +Does anyone know the benchmark numbers for the lowest latency for FIX decoding? What kind of technology was used for the same and if possible point me towards some literature where I can read more about it. + +Thankyou! +I am recently looking at applying machine learning to some quant finance things. I was wondering what is the most common type of machine learning models used. I would assume something like RNN is better suited for finance than something like CNN. Anything would be appreciated. +I went through the same thing in 2018 as what you guys are going through right now. I bought my coins in the hype of 2017, and watched my portfolio decline in early 2018. A 80% decline. + +Fast-forward now, 4 years later, I have no stress at all and my portfolio is still greener than green. + +In short, my advice would be: +- enjoy life +- ignore your portfolio for the coming years +- and I'll see a happy you in 2025 ;) + +Peace out +I just had look at my portfolio and almost all my penny stocks have like -20% pre-market value. + +Maybe it's gonna change until the market opens but were there any news which triggered that downward trend? +The consequences cannot be estimated based on any previous milestone. The product/market of Ethereum fit is just about to be realized in a practical way on a massive scale. Some of the biggest names across all industries are on board with many more to come. Time for the visionaries to start reaping the rewards. + +In one word: **unprecedented**. +For years I’ve been skeptical of Tesla. I’ve tried shorting it, I bought puts on it, all to mixed success. + +But overall, probably lost 80% of whatever I invested in the short side with respect to TSLA. + +Every time I post here with any mild criticism of TSLA, I get yelled at by people who tell me Tesla is going to dominate the world. + +And today I see Morgan Stanley‘s report, and Tesla up 10% after earnings, and I’m done. + +Not saying I’m gonna go long on Tesla, but no more shorting for me. + +I’m wrong. + +You’re right. + +There. + +I said it. + +Feel free to yell at me some more about how dumb I was. + +You guys did it. + +You changed a Redditor’s mind on something. + +So take my pride, but I’ll keep my wife. Thank you. + +And fuck you - and way to go - to all you assholes driving Lambos who’ve made millions on TSLA with your 💎💎💎🚀🚀🚀🚀✋✋✋. +this is a repost. + +[original post](https://www.reddit.com/r/wallstreetbets/comments/venczq/white_house_plan_to_send_gas_rebate_cards/) + +https://www.washingtonpost.com/us-policy/2022/06/17/biden-gas-white-house/ + +How the hell is this going to help inflation? I'm starting to think politicians don't have solutions to anything but print and throw money at issues. +>NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees. +> +>The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares. +> +>If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20. + + [NVIDIA : Announces Four-for-One Stock Split, Pending Stockholder Approval at Annual Meeting Set for June 3 (Form 8-K) | MarketScreener](https://www.marketscreener.com/quote/stock/NVIDIA-CORPORATION-57355629/news/NVIDIA-nbsp-Announces-Four-for-One-Stock-Split-Pending-Stockholder-Approval-at-Annual-Meeting-Set-33321310/) +My gf recently got a letter from the mail from a collection agency saying she owes the said amount. She explained to me that she was paying the bills that she received from EZ Pass themselves from the mail since they stopped having actual people in the toll booth due to COVID. There were signs saying that drivers can go through, but a bill will be sent to them via mail. + +Before she let me look at the bill, she sent it back to dispute it and highlighted the ones she wanted to dispute. Any tips from the community is much appreciated. Should we ask for an itemized bill because she told me that the bill has some where it says $0.50 (cost of toll) and others that are in the hundreds. She only takes the ones that cost $0.50. + +State: NJ + +Update: So I just found out that my girl gave the letter to her father to mail yesterday but he didn't so I told her good and to show me it before it goes out. I realized that there are admin fees on it that range to some being $50 and others being $100. She took it upon her self to pay the toll portion ONLY to collection and not the admin fees. I tried to explain to her that she shouldn't have done that because she now is in charge of paying the rest since she basically admitted she at fault. Is she screwed? +[CTS.TO](https://CTS.TO) (Converge Technology solutions) is down 15%+/- after an earnings that by most accounts beats expectations or is at least in line. Company is growing more than 60% a year once you factor in acquisitions. Organic growth at 5.9% this quarter, which while modest, is not at all bad. The company is trading at ridiculous multiples now. Forward P/E of about 7.5 for a tech company growing at 60% a year is insane. This is the gold standard of Canadian tech companies, imo. Am I missing something here? + +Disclosure: I am long CTS, and have been adding today. +I've kept about 5% of my investments this past year in EIT.UN mostly in my TFSA. + +* It pays great dividends always 9-11% +* They have never missed a dividend pay +* It had good growth this year but who didn't + +It feels like a pretty solid investment. Most of my other investments are in VEQT but it is nice getting that monthly dividend from EIT.UN. + +Certainly not suggesting going all-in but it feels like a good holding for monthly income. +What brokerage does everyone use for a self directed RESP investment account? I tried using RBC direct investing, but they want me to print out a form and mail it in. This form requires SIN’s, bank account number, net worth, employment etc. Essentially a lot of personal information I don’t trust sending via mail. I’ve been banking with RBC for over 10 years, mortgage, credit card, mutual funds. They have all the information they could ever need from me. I really thought this would be easy. Is it normal to have to physically mail a form? + +So I’m looking for recommendations to where to open a self directed RESP investment account. + +Thanks +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I work in IT and just found out from my boss that everyone else in my department has been getting a monthly $100 for cell phone reimbursement. This is apparently written in our employment contracts. I have been with my employer for 3 years and have never received it. He acknowledged that I should receive back pay for all the missed years, but I’m nervous that our finance department will deny it. How should I handle this? It totals to almost $4000 and I feel entitled to this money. +Currently live with a friend and get along very well, I pay about $600 in rent including all utilities. Looking to buy a place and potentially live in it and maybe rent it to my roommate who would be willing to pay $600 as well. The issue is I may be better off buying the rental property and renting it to someone else and living with my roommate in our current apartment. The rental property mortgage will be about $1100 a month and property taxes would be $300 so at baseline the property would cost me $1400. If my roommate is willing to pay $600 that leaves me paying $800 and any additional costs with the house and repairs. I can cash flow by renting the house to someone else. Does anyone else have experience doing this? First rental property here and would like some insight. +I am seriously thinking about going to school for this field of work and am wanting to read some experiences. How difficult was it? Did you go to school? Do you recommend this job to others? What was your first step into real estate? + + +Cross post from r/financialindependence. I have the opportunity to purchase the 4bd / 3 bath home I've been living in for the last 6 years. I'm looking to for advice on whether I'm over extending myself and sacrificing FIRE as a result. Here are some details: + +**Me:** + +* 30 years old +* Single +* Live on the west coast near a major city +* A lot of job opportunities in the area and have no plans to move away in the future + +**Income:** + +* Variable at $95k-$140k/yr + +**Savings:** + +* ***401k***: $45k + + * Currently contribute 20% to 401k with a 3% match +* ***Roth:*** $30k + + * Max out yearly and have $4500 left this year. +* ***Cash Savings:*** $65k + + * Saving aggressively for down payment. +* ***No debt*** other than revolving monthly expenses + +**Housing:** + +* I currently pay about $1k/mo for rent, utilities, cable. +* Have roommates in a living situation that is very favorable and they pay the remainder of the monthly expenses of about $1.8k. +* The roommates will likely move out in 1 year and I don't currently have anyone to take their place. +* The owners said they would sell the house to me when our lease expires in a few months. +* **Option 1: Rent a 1 bedroom apartment that would be a downgrade from my current situation for about $1700/mo + utilities and cable.** +* **Option 2: Purchase current home off the market for about $445,000 with about 15% down and a 30yr rate of 4.3%.** + + * Built in early 2000s, \~2000sq feet, no immediate need for repairs though the roof will need to be replaced within 5 years, the exterior will need to be painted sooner, and eventually I'll want to put new flooring/carpet in and replace appliances as needed. Average value of homes in the neighborhood are $500k and figure this house could be as well with some upgrades. + * ***Monthly costs with interest, taxes, and PMI would be about $2700 excluding utilities and cable.*** + * ***Auxiliary income possibilities***\*:\* Close to the airport and transportation into the city so I could easily Airbnb the basement for $90/night. In addition to Airbnb OR in place of, I could get roommates to offset the cost as I would have 3 spare bedrooms. + +There are non-financial reasons for me to buy this house. Since I have lived here for 6 years, I know my neighbors and know the area is near perfect for me. It's always been a dream to own my own house and I enjoy the upkeep and small projects. + +I don't want to sacrifice the FIRE journey however. Will I be shooting myself in my financial foot by buying this house? + +Thanks for reading +Hi everyone, + +Two days ago I posted a desperate plea for help. I was guilty, embarrassed and even scared. After reading through the overwhelming responses, responding to them myself, and noting down the most realistic and helpful advice- in 2 days this is what I've done. (Note: 2 days means nothing, as I know repetition and a philosophical change in how I treat money is needed). + +In 2 days, I've done the following: + +1. Read "The Millionaire Next Door" +- what this accomplished was to take pride in setting a goal for financial independence as opposed to a goal of social status. I have a good, if not great offense, but I have huge holes in my defense. I learned that the vast majority of millionaires or wealthy individuals focus on frugal habits as opposed to materialistic impulse purchases. It was a nice reminder that there is a certain amount of pride in saying that you have this beater car or starter home, or rickety gadget because you are focused on a big picture goal. + +2. I cut up my credit card. +- I physically cut it up, put it in an envelope and I plan to frame it one day as a momento of a starting point for my family's eventual success. + +3. I sat down with my Financial Officer(who runs my company) +- I realized I had a major asset in front of my face this whole time. He runs my company's finances flawlessly, so why couldn't I ask him to help me? I employ him for god sake. He wasn't surprised at my situation, and more importantly he said to me that he already knew I was making classic young person mistakes and planned to have that convo with me soon. + +He taught me a few things that PF may disagree with, but I'll tell you anyway. He said to me there is no shame in wanting or having nice things. People are different and have different vices. The most frugal people you know may have the strangest love for cigar cutters, and may be willing to collect expensive or hard to find cigar cutters for them selves. The extravagance may not present it self like a nice watch or a pricey car- but everyone has the right to be happy materially and emotionally as long as it is not harming your financial potential and future. If you are making 250k, a $700 car payment may not hurt you or even be a dent in your pocket- some people will say it's too high but if it makes you happy and it's not effecting your financial goals negatively- live it up, to a limit. + +4. My $799 Lease payments have been transferred to my company. +- as suggested by many of you, this payment is too high and is an anchor. I didn't think my accountant would approve it however he says it will not be a full write off nor will it help the companies bottom line or taxes much- but if I have the luxury of putting it on the company's expense- I should and I did. + +5. I downloaded MINT and YNAB. +- mint because it's passive and easy to see, YNAB because it's active and allows me to feel the pinch of everything. I hope I am able to keep up with the YNAB, I plan to use it everyday. I am still learning how to set budgets Bc some of YNAB's terminology and formulas are weird but I'm sure I can figure it out. + +6. This was the big one- I spoke to my wife and told her all. +- this was hard, had me in tears. She's so important to me, and I never want to let her down and I did. I told her all about my financial situation, I explained the ways out. I told her that from now on, we will be not only married but marrying our finances for transparency and accountability sake. I told her we will not stop traveling, we will start building funds towards traveling. We will treat it like a bill and pay towards it every month. Same with our house goals, and other luxury goals we have. + +She was supportive, nervous, but excited to know I was not down or scared. My strength in explaining that I will make it out of this situation allowed for her to believe we will be ok. I also commended her for her outstanding financial responsibility. This woman makes the same amount I do, and has not a dime in debt, a $400 car payment which is over next march, and still manages to have the ability to purchase whatever she needs and contributes equally to our rent and living expenses. She is a model for a great financial and enjoyable lifestyle. Not to mention, she has saved easily triple what I have. + +The next few months will be confusing, awkward, clumsy, and maybe even cause a few uncomfortable conversations for wife and I- BUT I have never been more confident about my financial future- and I look forward to updating you all again with even better news. + +Thank you so much for reading. +I've spent a decent chunk on books (including on books that cost over $100). Started reading a technical analysis book that was so thick and dry. My notes were insane, I was like "there's no way I'm going to remember any of this". + +I was paper trading a system and it didn't do well and ended it. + + I took a break and I'm considering getting back in. + + +So successful traders (for those longer than 2 years). Any advice? Like everyone keeps saying that 99% of traders will never be successful. What honestly made you think you were the 1%? I personally would not put myself in the top 1% of any skill.... I mean how often would you walk into a crowded room of 100 people and know confidently you're the best? + +How did you balance reading versus paper trading? +Hey Everyone. Title says it all. Just trying to get a feel for how attainable this dream really is. I’m getting super burned out from my day job (litigation attorney) and I’ve been keeping my eyes open for other opportunities. I’ve been kind of interested in trading the past couple years but everything I always heard from people I know was that it’s a waste of time and everyone loses their money eventually. + +Well the last couple weeks I’ve decided to really start getting into it. I have a strong math/statistics background so it’s really clicking for me in a way I didn’t expect. More than that, I’m really enjoying it. Like a lot. I lost a couple grand in crypto during the hype in 2018-19 and I learned my lesson, so I’ve decided to really put in the time and effort to learn how to do this right—trading stocks this time—and I definitely see that it actually is something people really can make a living off of and I feel really excited and confident that I could do it too, though admittedly I just opened a TD account a couple days ago and am still learning to use thinkorswim (with paper trading of course). So I guess I’m just curious about whether most of you actually make a full-time living off of day trading or if you do it more as a side hustle. + +Any thoughts, advice, or resources are appreciated as well! +It's not the community's fault, by the way. + +Bitcoin is getting attacked in complex, sophisticated ways we will only understand fully much later. Glenn Greenwald's [latest scoop](https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/), which went largely 'unnoticed' by the corporate media, was that GCHQ/NSA use trolls to harass, intimidate, derail online communities, and destroy the lives of 'hacktivists' (i.e. tech savvy activists) the surveillance agency dislikes. + +Based on my preliminary research, the Bitcoin community is falling victim to nearly identical tactics. + +There is no need for us to point fingers at each other or give in to paranoia - in fact, that's one of the intended outcomes of online *provocateurs* in the first place. + +We are all aware, however, that some individuals have tried their best to make Bitcoin look very bad in the eyes of the public, and some members of the media have tried their damnedest to keep their viewers from ever wanting to explore the "seedy," "dangerous," "unregulated," world of the scary "bitcorn". + +My background dictates that I look very closely not only at forensics, but at motives. I see tremendous motive from vested interests around the world - governments, banks, some payment processors, investing opportunists - to attack Bitcoin now, with everything they've got. + +Again, no need to finger point, because **Bitcoin is a battle you folks win.** + +In fact, you've already won, on paper at least. Bitcoin is a much better *technology* than the credit card in your wallet or your checking account. That is fact. Your credit card is basically a private key exposed, half-assed department store financial product designed 60 years ago (actually, that's exactly what a credit card is). And your Too Big To Fail checking account is a Mt. Gox account with a better PR department. + +They can spread a lot of fear - and they are doing so - but a time will come when consumers take a sober look at cryptocurrency face to face with its "competition". And the choice is clear. This is a Pepsi Challenge you all win any day of the week, without fail. + +**Crypto is better, the only way it can be destroyed is to prevent it from gaining critical mass.** + +You have to understand - that's the motive here. + +How do you beat a technology that's clearly better, faster, cheaper than yours, in every single way? **You destroy its reputation. You peddle fear. You make something that was initially tempting scary and unwelcome.** + +If Bitcoin loses in the court of public opinion, which it is rapidly doing, Bitcoin loses. Forever. + +You can be the best accountant in the world. If your neighbors spread the rumor that you might be killing kittens in your backyard, no one will want to hire you. **A reputational loss, therefore, CAN destroy an otherwise superior product or service.** + +Cryptocurrency can survive another Mark Karpeles, or ten more if need be, but it can't survive a public that no longer has any use for it. + +The solution is first of all, to be more savvy as a community. Don't upvote every blogger's traffic hungry bullshit. Don't peddle unfounded fear yourself. Verify your information. Don't use exchange services with no track record, when there are now services operating with a decent track record, full compliance, and credible financial backers. + +**And second of all, the solution is to use Bitcoin constantly.** + +CONSTANTLY! + +That's how you will see a 100x or 1000x gain over time, if making money is your thing. + +As transaction volume scales, demand must in turn scale. And the various scarcity elements of Bitcoin will kick into overdrive once this becomes a household means of paying friends, buying products online, tipping musicians you like on Soundcloud, etc. + +Some finance and lawyer types have snuck into the Bitcoin world, and they sound like they are completely full of shit. They don't "get" Bitcoin or the tremendous changes that decentralized personal finance will bring. They just see Bitcoin as a new ETF type thing for them to make a quick 30% from and maybe some fat consulting fees or book deal. Nothing *too* wrong with that, I guess, but certainly not who you want to prop up as spokespeople for the community. They want to talk regulation all day and beg for establishment adoption. That's, again, how you get a 30% gain. Not how you get a 1,000% or 10,000% gain. + +The only spokesperson type I trust here is Andreas Antonopoulos, everything he says is pretty much a more intelligent version of what I would want to say in a similar situation. And I think even Andreas would agree the instant he starts talking shit or harming Bitcoin, you should abandon him, or anyone else who becomes a liability to the community's long-term aims. + +Huge gains will only come from true widespread adoption, not from convincing a bunch of thoroughly boring assholes to dip their hedge fund toes into the crypto pond. + +The Bitcoin community is accused of "fanaticism" by the mainstream press from time to time. + +If your product is better, if your worldview is more sane and more efficient for all stakeholders, **it's OK to be fanatical.** + +In fact, you'd better be, or those with an inferior product and superior marketing muscle will talk you right out of business. + + + +That's exactly what is happening now, with all the bullshit people in this subreddit who don't own any coin, but constantly complain, constantly accuse the rest of us of "circle jerking". + +Some of these people are idiots. Some of them are angry they missed the boat on Bitcoin's first couple big jumps. And I believe some of them are more coordinated, professional forms of manipulation. In the case of the professional manipulation, the aim isn't to troll you or me. It's to create a "negative image" around the community itself - that we're complainers, not a fun place to browse, not a fun product to use. Check their comment histories: either brand new accounts, or accounts that exclusively spread anti-Bitcoin content. You have to ask yourself what's going on. + +The solution here is probably to have more active mods. Don't be ashamed to delete and ban manipulators. Freedom of speech is sacrosanct, but it doesn't extend to a forum where users of a cryptocurrency are trying to help each other improve that currency and enhance its reach. Block them without regret - there's a difference between honest questioning or criticism of Bitcoin's "power structure" and overt, repeated manipulation. + +Anyway, I have to leave it here as I am already late for work. Hope someone enjoyed reading this. + +**update** In case it wasn't clear from the words I used, I am *not* suggesting that the government of the United States of America or the U.K. is sitting here on this subreddit, trying to take down Bitcoin. There are 193 countries on this green Earth, and quite a few of them are threatened by what crypto represents (think Russia, as merely one quick example - I don't think Russia's oligarchs are particularly opposed to crypto, but the government there is terrified of anything that could provoke a rush out of the ruble). There are also more than a few powerful money wiring services and multinational banks who feel Bitcoin is not in their interests. It takes only one of these constituent members to hire a private intel firm to completely derail most online Bitcoin discussion. Based on the latest Greenwald reporting, if the GCHQ (supposedly the best run, most professional, etc etc surveillance agency) is *with certainty* engaged in advanced online social engineering, it is very likely that similar services can be bought from contractors who have less scruples and less regulatory oversight than NSA and GCHQ operators. But these aren't theories coming from out of nowhere. Check out negative comments posted here, follow the comment histories, this stuff simply does not add up. It's not organic communication or discontent, it's orchestrated. Same with some of the Facebook accounts you see commenting right away on Bitcoin news stories, recycling the same arguments against Bitcoin word for word. +Like a gym membership, boxing/MMA gyms, rock climbing/bouldering, Netflix/Stan, pole/silks? + +EDIT: damn everyone has interesting hobbies! My only hobby that I do regularly is going to the gym. +When I say Netflix/Stan I mean watching movies as a hobby :p +EDIT: I should have probably been more specific. I was thinking along the lines of who is going to survive as things continue to get worse - like in a total lockdown scenario. + +All things will slow down dramatically including public services. Sure your industry might survive, but do you think your particular job within that business will if everything just... stops? Medical workers are the obviously immune to this (and thank you for the work you're doing and will do throughout this). +Disclaimer:Am not an analyst - just chasing trends! Find your source + +So COVID started becoming a thing roughly in March 2020. From then to now , people became involved and paid crazy amounts of money on : +- PETS - boomed for about 3 months then levelled up +- then they decided to started traveling to avoid public transport so they bought CARS. The hype went on for 3-5 months then levelled up. You had to order a car and wait 1-3,4 months +- then we went to BOATS because- hey, the weather is amazing let’s go fishing. This lasted 3-5 months then levelled up +- you would think that’s it , nope! How about we actually buy CARAVANS, let’s travel outback, go camping - after all borders are open! +Wait for it .... 3-5 months and now slowing down (roughly Sept 2020 - Feb 2021, and levelling up). +- now how about jobkeeper coming to an end - let’s get a stable life - we need a HOUSE! +Yeah .. here is where we are ... + +This housing craziness started in January, we are in March ( 3 months in and slowing down...). +My point! The media is now being used as a form of advertisement- people are buying and offering crazy amounts of money (this is true) but I work at a financial institution, the demand for loans has dropped significantly. This explains nothing - but it’s gonna slow down like the above) +I know what you saying - yeah but the demand is over the supply - TRUE!! + +Guess what!!! There was a shortage for PETS, CARS, BOATS, CARAVANS, and now houses ... +If you still can’t follow then I can’t help you! +Switch off your TV, and hang in there ! + +You can now buy a pet( no wait times), car yards are full , boats and caravans too. And they had all these on the news about how crazy it’s going and how it will drag on till next year ! Urmmmm - it didn’t ! + +How do I know all these? I stop believing in everything the media told me to. If you ask me, some news are paid for , means if you keep watching them, they will scare you about the craziness leaving you to panic and get into debt to get a house ! +I want to say more but let’s hear from you ! +You can rant about RBA, income, interest rates etc those are all artificial factors stimulating the market right now amongst others , I on the other hand use my eyes, brains and think for myself ! + +You welcome !! + + +PS: Also, keep it polite! This may be a disappointment to you but no need to come on with an attitude! + + +Let’s me correct this : I am basing this on Brisbane! Share your thoughts and state your state +All of the miners will sell their ETH at a higher price to cover the cost of the operation and demand will go up due staking! + +What do you think will happen in 20 days? +Let's say that you can't retire early, but you've completely stopped caring about meetings and management politics, and your goal is to sacrifice as little time and emotional energy as possible. + +I've learned the hard way that working too hard leads to conflict as gets you just as fired as you'd be if you had done nothing. So what about joining the useless 50-90 percent who do next to nothing and manage to stay employed for as long as they'd like? Spending that time building passive income streams seems like a better use of time than playing games on Facebook, no? + +This seems harder than it should be to make work. It's not as hard for most people, who just don't care. Most people are really good at the slacking game. I think that's because everyone knows they're mediocre, not much is expected of them but to show up for a couple meetings. But if you show promise in the first few months when you actually give a shit... before it becomes clear that the bosses see you as just a regular worker, not a protege, and that there's therefore no reason to actually work... and then become a zombie like everyone else (or, worse from the boss's perspective, start throwing your time behind your own projects)... it doesn't seem to end well. + +Has anyone here made the Retirement-In-Place strategy work, while building savings and using as much time as possible to work on one's own projects? What are the tricks, and what are the pitfalls? +What's up fellas at Options. I made a tool called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I posted in ThetaGang the list with HIGH IV options which is great for running the wheel or selling options. This list is an inverse of that list and displays tickers where IV is pretty low, thus, purchasing calls will likely be cheaper. For example, AAPL implied volatility right now is almost back to the pre-March lows. Remember a low IV can go lower and a high IV can go higher. Do your DD before entering any positions! + +# Low IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +Please note this list is only inclusive of the more popular tickers mentioned around Reddit. If you want to see the full list and filter by ticker, check out the tool in the link at the top. + +&#x200B; + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|SPY - SPDR S&P 500|325B|$369.00|16%| +|PEP - Pepsico Inc.|200B|$145.04|18%| +|VZ - Verizon Communications|243B|$58.84|18%| +|COST - Costco Wholesale Corp|161B|$364.69|20%| +|PG - Procter & Gamble|341B|$137.72|20%| +|HSY - Hershey Company|31.2B|$149.95|20%| +|WM - Waste Management|49.4B|$117.00|20%| +|WMT - Walmart|406B|$143.50|21%| +|HD - Home Depot.|292B|$270.92|21%| +|CSCO - Cisco Systems|188B|$44.55|21%| +|MCD - McDonald\`s Corp|158B|$211.39|21%| +|KO - Coca-Cola Co|230B|$53.44|22%| +|ORCL - Oracle Corp.|191B|$64.96|22%| +|QQQ - Invesco QQQ Trust|151B|$309.58|22%| +|BMY - Bristol-Myers Squibb Co.|138B|$61.15|22%| +|YUM - Yum Brands Inc.|32.4B|$107.54|23%| +|TM - Toyota Motor Corporation - ADR|245B|$150.47|23%| +|FIT - Fitbit Inc - Class A|1.67B|$6.84|24%| +|KR - Kroger Co.|24B|$31.53|24%| +|SNE - Sony Corporation. - ADR|122B|$96.84|25%| +|NKE - Nike, Inc. - Class B|222B|$141.60|25%| +|V - Visa Inc - Class A|460B|$208.70|25%| +|LOW - Lowe\`s Cos., Inc.|119B|$162.77|25%| +|CVS - CVS Health Corp|89B|$67.97|25%| +|JNJ - Johnson & Johnson|401B|$152.47|25%| +|DPZ - Dominos Pizza Inc|15.6B|$396.73|26%| +|IWM - BTC iShares Russell 2000|59.1B|$199.01|26%| +|T - AT&T, Inc.|204B|$28.69|26%| +|TGT - Target Corp|87.7B|$175.19|26%| +|MMM - 3M Co.|101B|$174.52|26%| +|GOOG - Alphabet Inc - Class C|1.17T|$1740.55|26%| +|DE - Deere & Co.|84.4B|$269.21|27%| +|GOOGL - Alphabet Inc - Class A|1.17T|$1732.03|27%| +|EA - Electronic Arts, Inc.|41.1B|$141.80|27%| +|DLTR - Dollar Tree Inc|25.6B|$108.98|27%| +|BX - Blackstone Group Inc (The) - Class A|43.8B|$64.99|27%| +|WORK - Slack Technologies Inc - Class A|20.9B|$42.65|27%| +|SBUX - Starbucks Corp.|119B|$101.99|28%| +|MO - Altria Group Inc.|77.5B|$41.72|28%| +|GILD - Gilead Sciences, Inc.|71.5B|$57.07|28%| +|ABT - Abbott Laboratories|192B|$108.35|28%| +|IBM - International Business Machines Corp.|111B|$124.69|28%| +|UNH - Unitedhealth Group Inc|323B|$340.79|28%| +|MA - Mastercard Incorporated - Class A|332B|$336.00|28%| +|CMG - Chipotle Mexican Grill|39.5B|$1412.55|28%| +|ADBE - Adobe Inc|240B|$499.78|29%| +|JPM - JPMorgan Chase & Co.|380B|$124.52|29%| +|MSFT - Microsoft Corporation|1.68T|$222.84|29%| +|DIS - Walt Disney Co (The)|315B|$173.73|29%| +|ATVI - Activision Blizzard Inc|70.3B|$90.94|30%| +|TXN - Texas Instruments Inc.|148B|$161.75|30%| +|HSBC - HSBC Holdings |106B|$26.05|30%| +|CAT - Caterpillar Inc.|97.5B|$179.56|31%| +|UPS - United Parcel Service, Inc. - Class B|149B|$172.19|31%| +|HPQ - HP Inc|31.3B|$24.26|31%| +|AZN - Astrazeneca plc - ADR|127B|$48.55|31%| +|BKNG - Booking Holdings Inc|85.5B|$2087.97|31%| +|GS - Goldman Sachs Group, Inc.|88.1B|$256.16|31%| +|QCOM - Qualcomm, Inc.|168B|$148.87|31%| +|BAC - Bank Of America Corp.|259B|$29.96|31%| +|PFE - Pfizer Inc.|207B|$37.27|32%| +|BK - Bank Of New York Mellon Corp|36.4B|$41.04|32%| +|TTWO - Take-Two Interactive Software, Inc.|23.3B|$200.77|32%| +|AMAT - Applied Materials Inc.|78B|$85.34|32%| +|CRM - Salesforce.Com Inc|207B|$225.78|33%| +|DELL - Dell Technologies Inc - Class C|52.8B|$72.99|33%| +|WMB - Williams Cos Inc|25.2B|$20.74|33%| +|FDX - Fedex Corp|71.3B|$268.82|33%| +|MS - Morgan Stanley|123B|$68.09|34%| +|FOXA - Fox Corporation - Class A|16.8B|$28.30|34%| +|DB - Deutsche Bank AG|22.4B|$10.85|35%| +|AMZN - Amazon.com Inc.|1.59T|$3171.93|35%| +|DD - DuPont de Nemours Inc|51B|$69.55|35%| +|TSM - Taiwan Semiconductor Manufacturing - ADR|550B|$105.97|36%| +|NVDA - NVIDIA Corp|322B|$520.20|36%| +|GOLD - Barrick Gold Corp.|40.7B|$22.90|36%| +|WDAY - Workday Inc - Class A|44.8B|$248.77|36%| +|EBAY - EBay Inc.|34.5B|$50.07|36%| +|LULU - Lululemon Athletica inc.|44B|$351.18|36%| +|XOM - Exxon Mobil Corp.|176B|$41.60|37%| +|WBA - Walgreens Boots Alliance Inc|34.2B|$39.58|37%| +|C - Citigroup Inc|126B|$60.57|37%| +|ZNGA - Zynga Inc - Class A|10.7B|$9.90|38%| +|PYPL - PayPal Holdings Inc|280B|$238.77|38%| +|NOK - Nokia Corp - ADR|2.55B|$3.89|38%| +|FB - Facebook Inc - Class A|763B|$267.18|38%| +|PZZA - Papa John\`s International, Inc.|2.88B|$87.53|38%| +|INTC - Intel Corp.|193B|$47.08|38%| +|ULTA - Ulta Beauty Inc|14.9B|$264.80|38%| +|NOW - ServiceNow Inc|108B|$553.89|39%| +|MTCH - Match Group Inc. - New|39.4B|$151.92|39%| +|SPLK - Splunk Inc|29.1B|$180.09|39%| +|F - Ford Motor Co.|34.6B|$8.86|39%| +|AAPL - Apple Inc|2.24T|$132.03|39%| +|LOGI - Logitech International S.A.|16.1B|$92.97|39%| +|GM - General Motors Company|59.5B|$41.58|39%| +|WFC - Wells Fargo & Co.|123B|$29.84|40%| +|BP - BP plc - ADR|71.1B|$21.06|40%| +|MELI - MercadoLibre Inc|84.3B|$1689.72|40%| +|ARKF - ARK ETF Trust - ARK Fintech Innovation ETF|1.74B|$50.29|41%| +|ARKW - ARK Investment Management LLC - ARK Next Generation Internet ETF|5.33B|$151.38|41%| +|LVS - Las Vegas Sands Corp|43.5B|$57.01|41%| +|ALLY - Ally Financial Inc|12.9B|$34.54|42%| +|JD - JD.com Inc - ADR|131B|$84.50|43%| +|RH - RH - Class A|9.71B|$475.72|43%| +|TWTR - Twitter Inc|42.9B|$53.97|43%| +|EXPE - Expedia Group Inc|17.3B|$126.95|43%| +|LUV - Southwest Airlines Co|27.3B|$46.28|44%| +|ARKK - ARK Investment Management LLC - ARK Innovation ETF|17.9B|$133.03|44%| +|VALE - Vale S.A. - ADR|89.3B|$16.89|44%| +|NFLX - NetFlix Inc|227B|$513.84|45%| +|OKTA - Okta Inc - Class A|33.4B|$275.85|45%| +|PCG - PG&E Corp.|24.6B|$12.39|45%| +|WDC - Western Digital Corp.|15.2B|$49.92|45%| +|DBX - Dropbox Inc - Class A|7.79B|$24.62|46%| +|UBER - Uber Technologies Inc|93.3B|$52.88|46%| +|MU - Micron Technology Inc.|78.8B|$70.61|46%| +|UAA - Under Armour Inc - Class A|7.3B|$17.41|46%| +|BA - Boeing Co.|123B|$217.15|46%| +|PBR - Petroleo Brasileiro S.A. Petrobras - ADR|23B|$10.97|46%| +|SPOT - Spotify Technology S.A.|59.4B|$328.39|47%| +|ESTC - Elastic N.V|13.6B|$155.99|47%| +|DOCU - DocuSign Inc|45.7B|$244.80|47%| +|SHAK - Shake Shack Inc - Class A|3.37B|$87.80|47%| +|DISH - Dish Network Corp - Class A|16.3B|$31.07|48%| +|TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|10.7B|$9.83|48%| +|TTD - Trade Desk Inc - Class A|39.1B|$931.70|48%| +|BIDU - Baidu Inc - ADR|66.5B|$190.86|49%| +|MGM - MGM Resorts International|15.2B|$30.74|49%| +|DAL - Delta Air Lines, Inc.|25.3B|$39.73|49%| +|SHOP - Shopify Inc - Class A|148B|$1225.52|49%| +|ZS - Zscaler Inc|27.5B|$205.25|49%| +|TEAM - Atlassian Corporation Plc - Class A|32B|$241.59|49%| +*Good luck today guys, hope everyone makes some tendies* + +>Edit 8:30PM +*Thanks for the love and awards guys, hope everyone ended the week off positive, enjoy your weekend.* + +**Of note for Airlines (LUV, DAL, AAL, UAL),** the Airlines for Americas trade association says the industry needs “immediate financial assistance” to protect the 11mln jobs it represents. + +**Of note for Banks (JPM, C, MS, BAC, GS),** the Fed is encouraged by a notable increase in discount window borrowing as banks show a willingness to use the window as a funding source to support the flow of credit to households and businesses. + +**Of note for Car Rental Services (HTZ, CAR),** both Hertz and Avis Budget Corp have requested aid from the US government. + +#Dow Jones + + + +**Apple Inc. (AAPL)** supply chain is reportedly still facing supply disruptions even as China recovers due to factory closures of suppliers in Malaysia. Elsewhere, it has limited the number of purchases on its iPhones to two per customer in the US and China, according to Canalys. + +**Boeing Company (BA)** is reportedly leaning towards a temporary halt of operations at its twin-aisle jetliner factories due to the spread of the coronavirus, according to people familiar with the matter, in a similar move to Airbus (AIR FP). + +**Johnson & Johnson (JNJ)** Global Supply Chain Officer Wengel announced its supply chain is currently holding steady and meeting patient needs. + +**Walmart (WMT)** announced it is planning to give special cash bonuses for hourly associates for their work during the current conditions with full-time associates receiving USD 300 and part-time associates receiving USD 150, which will equate to USD 365mln. WMT is to also accelerate its next bonus for store, club and supply chain associates which will equate to USD 180mln, overall it will equate to USD 550mln, the co. says. WMT is to also hire over 150k hourly employees as the number of shoppers increases. + +#Nasdaq 100 + + +**Amazon.com Inc. (AMZN)**– Some sellers state its decision to stop receiving non-essential inventory in response to the coronavirus pandemic could limit sales they need to make payments on its loans from Amazon. + +**Tesla (TSLA)** announced it decided to temporarily suspend production at its Fremont, California factory and NY Factory after March 23rd. Elsewhere, CEO Musk announced his factories are working on ventilators to address a potential shortage. + +**United Continental Holdings (UAL)** – **Apollo Global Management (APO)** has reportedly purchased part of the airlines USD 2bln loan from a group of banks, according to people familiar with the matter. + +#S&P 500 + + +**Accenture plc (ACN)** had its PT cut at a number of brokers, however, they were positive on its ability to continue through the coronavirus crisis. + +**AFLAC Inc (AFL)** American Family Life Assurance of Columbus and New York agreed to acquire Zurich North America's US corporate Life and Pensions. AFL expects the acquisition to be dilutive to 2020 adj. EPS by USD 0.02 to 0.03. + +**Altria Group Inc (MO)** announced it is temporarily suspending operations at its Richmond manufacturing center. + +**Anthem Inc. (ANTM)** announced it is offering up to 80 hours of paid emergency leave for qualifying needs, including if associates are experiencing coronavirus symptoms or for caring for young children whose school has been closed. + +**AT&T Inc. (T)** announced it has cancelled is accelerates share repurchase programme of USD 4bln worth of stock, noting the impact of the coronavirus could be material although it cannot currently estimate the impact onto its financial or operational results. + +**Bank of America Corp (BAC)** announced it is offering additional support for its consumer and small business clients in response to the coronavirus, where clients can request funds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees through deposit accounts. Many customers can also request to defer any payments. + +**Carnival Corp. (CCL)** preliminary Q1 20 (USD): EPS 0.22 (exp. 0.27), revenue 4.8bln (exp. 4.66bln); coronavirus resulted in a net loss of 0.23/shr. + +**Cintas Corporation (CTAS)** Q3 20 (USD): Adj. EPS 2.16 (exp. 2.02), revenue 1.81bln (exp. 1.8bln), gross margin 45.5% (exp. 45.7%, prev. 44.9% Y/Y); announced it is not providing guidance for Q4 20 and it is suspending FY20 guidance due to uncertainty surrounding the coronavirus. + +**Coty, Inc (COTY)** provided an update on the current situation: Expects Q3 20 revenue to fall approximately 20% like for like, with a meaningful impact on profit, it has also withdrawn FY20 guidance. It is recommending to the board that shareholders be given the option to receive up to 100% of their quarterly dividend in kind for the coming two quarters. Its largest shareholder JAB decided to fully repay the loan it used to finance the tender offer in 2019. It is taking initiatives to manufacture hand sanitizer. Notes activations on Amazon have seen US sales nearly double in recent weeks, as well as launching the Kylie skin-care Europe in upcoming weeks; it is also preparing for increased demand post coronavirus. + +**Danaher Corp. (DHR)** announced the US FTC is on board with the acquisition of **General Electric’s (GE)** Life Sciences Biopharma Business. The closing of the deal is still subject to customary closing conditions as announced in the agreement, but DHR expects the deal to close on March 31st, 2020. + +**Ford Motor (F)** announced it has plans to suspend production in Argentina and Brazil starting next week due to the coronavirus. + +**Kohl's Corp. (KSS)** announced it is to close its stores nationwide through to at least April 1st, although customers will still be able to shop on its App. It also withdrew guidance for Q1 and FY20. + +**Mylan N.V. (MYL)** announced it is increasing production of its malaria drug for potential use to combat the coronavirus. + +**Occidental Petroleum (OXY)** is reportedly planning on naming its former CEO Stephen Chazen as its new chairman as it tries to improve amid weak demand and activism from Carl Icahn, according to WSJ citing people familiar with the matter. + +**Sysco Corp. (SYY)** announced it will donate 2.5mln meals over the next four weeks as part of its response strategy to help against COVID-19. Elsewhere, it has withdrawn its three-year plan guidance due to the impact from the coronavirus. + +**Tiffany & Co. (TIF)** Q4 19 (USD): Adj. EPS 1.80 (exp. 1.77), revenue 1.4bln (exp. 1.36bln); SSS +3%, SSS Ex-Hong Kong +5%, Gross Margin 63.3% (Prev. Y/Y 63.8%). Announced it will not be issuing FY20 guidance due to the pending merger with LVMH + +#Other + + +**Crowdstrike (CRWD)** Q4 19 (USD): Adj. EPS -0.02 (exp. -0.08), Revenue 152mln (exp. 137mln); FY21 Adj. EPS view -0.14 to -0.10 (exp. -0.18), revenue view 723-733mln (exp. 685mln) + +**Samsung (SSNLF)** has reportedly been hit hard by Vietnam’s travel restrictions from South Korea, fueling concerns its Galaxy Note smartphones will fall behind schedule in its largest manufacturing hub outside South Korea + +**Teva (TEVA)** announced it will be donating over 6mln doses of hydroxychloroquine sulfate tablets across the US to meet the urgent demand for the medicine as an investigational target to treat the coronavirus. + + +#Additional US Equity Stories + + +**Of note for casino names (MGM, CZR, WYNN, MLCO);** Macau has halved its 2020 gaming revenue forecast due to the coronavirus and predicts a 56% fall from previous year to USD 16bln. + +**US Steel (X)** Q1 20 (USD): Adj. EPS view -0.80 (exp. -0.84), EBITDA 30mln. + +**Coca Cola (KO)** does not expect to meet its FY20 guidance, although does not foresee any near-term interruptions to its concentrate or beverage-based production. Meanwhile, it had its PT lowered at Deutsche Bank to USD 53/shr from USD 64/shr, although the desk reiterated its long-term buy rating. + +**Ross Stores (ROST)** announced it is to temporarilty close all of its stores throughout the US due to the coronavirus. + +**Dollar Tree (DLTR)** announced it is hiring 25,000 associates (both full and part time) to help across its stores in the US. + +**Synaptics Inc. (SYNA)** downgraded to Underweight from Neutral at JP Morgan + +**Colgate Palmolive (CL)** upgraded to Buy from Neutral at BofA + +**Accenture (CAN)** upgraded to Buy from Neutral at MoffettNathansonMonster Beverage +<Repost with slight modification per request of u/millertime1216.> + +I'm going to keep posting this sentiment because it keeps getting drowned out: + +**The only reason you aren't rich is because not enough shares have been directly registered.** + +That's it. Literally anything else is bullshit. + +I don't care if TA/options people are right today or tomorrow or next week. In the end it doesn't matter because they'll always be able to suppress the price after a run up unless we DRS the float. + +Did GameStop post the number of ITM calls on their 10q? + +Did GameStop draw a dorito of doom on their 10q? + +Did GameStop say only T+69 days until the next OPRAH cycle is in retrograde on their 10q? + +NO. + +They put the number of directly registered shares. They're doing everything they legally can to communicate that they want us directly registering our shares. Everything else is noise. + +Locking the float is going to be a heavy lift, 60 million is a lot of shares. Until all the individual investors in this sub make their own decisions about directly registering their shares, we won't be able to lock the float and the fuckery will continue. + +This will require **months more of focused effort**. There is no quick or easy solution. +